Goldman Sachs may have picked its next chief executive years before any planned handover. It has raised eyebrows on Wall Street and would break from the usual process, where multiple candidates typically compete for the top job down to the last second. But it also completes an incredible comeback by current Goldman Sachs CEO David Solomon. The FT’s US banking editor Joshua Franklin explains how Solomon reasserted his control over Goldman Sachs after a near rebellion and whether his potential successor is up to the task of running one of the world’s biggest banks. Clips from CNBC, Goldman Sachs - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Has Goldman Sachs already chosen its next CEO? Goldman Sachs has lost its way Goldman Sachs hands chief David Solomon $80mn retention award - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow Joshua Franklin on X (@FTJFranklin). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Over the past three decades, China has built itself into a manufacturing powerhouse. The plan was simple: use exports as a way to avoid becoming too dependent on the west. But with US President Donald Trump imposing 145 per cent tariffs on the country, this strategy now hangs in the balance. The FT’s Beijing bureau chief Joe Leahy explains how Beijing built its export machine and whether its plan to sell the world cheap goods could go wrong. Clip from European Commission.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Will China’s manufacturing juggernaut run out of road?  How China’s record trade surplus helped spark Trump’s tariff war  China says ‘sky won’t fall’ as exports surge ahead of Donald Trump’s tariffs  - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow Joe Leahy on X (@leahyjoseph). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.