US stocks closed at record highs on Wednesday alongside a bond rally as investors anticipated looser monetary policies from central banks, Huawei founder Ren Zhengfei predicts the next battle with the US will be over the Chinese telecom company’s push into the internet of things and Boeing pledges to commit $100m to help address the needs of families affected by two deadly crashes of its 737 Max jet. Plus, the FT’s Frankfurt bureau chief, Claire Jones, explains what Christine Lagarde is set to inherit at the European Central Bank.  See acast.com/privacy for privacy and opt-out information.