Morgan Stanley has tapped a lawyer to keep an eye on its block trading, and airlines are bracing for a chilly winter. Plus, Liz Truss, the frontrunner to be UK prime minister, has been talking tough with US officials but is likely to keep UK-US ties on track.  Mentioned in this podcast:Morgan Stanley orders internal lawyer to supervise block trading deskAirlines braced for grim winter as slowdown threatens recoveryInside Liz Truss’s not so special relationship with the USNew York Yankees and LA fund join investors in AC MilanThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.