Listen to this article
Sign up to receive FirstFT by email here
Donald Trump is facing fresh allegations of sexually inappropriate behaviour five days after the release of the video in which the Republican presidential candidate bragged about groping women.
A number of publications published the accounts of women accusing the former star of The Apprentice of touching them or trying to kiss them against their will. One said Mr Trump was “like an octopus”. He has denied the claims. Several of the women said they were outraged at comments by Mr Trump that the things he said in the 2005 video were just “locker room talk” and that he had never engaged in any of the lewd acts he had described.
Mr Trump has seen his support fall in the polls, although he has recovered a little from the 11-point deficit in an NBC/Wall Street Journal poll that came out on Monday. According to an average of recent polls compiled by Real Clear Politics, Democratic candidate Hillary Clinton leads by 5.5 points. (FT, NYT)
In the news
US launches Yemen strikes The US military has destroyed three radar sites in rebel-held Yemen, in its first direct intervention in the 19-month military campaign led by Saudi Arabia. The Pentagon said it launched “limited self-defence” strikes in retaliation for missile launches by Houthi rebels that threatened US naval vessels. (FT)
Stumpf steps down John Stumpf has stepped down as Wells Fargo chairman and chief executive after conceding he had “become a distraction” as the bank tries to recover from its sham account scandal. However, Wells’ decision to replace Mr Stumpf with two longstanding insiders drew immediate political fire. His departure is likely to have big consequences for US banks. (FT)
Britain’s Marmite crisis The consequences of the weakening pound have hit Britain where it hurts. UK supermarket giant Tesco has pulled a number of products from its shelves — including Marmite and Ben & Jerry’s ice cream — in a row over who should bear the cost of the weakening currency. (FT)
Russia: so what if we did hack the Democrats? Vladimir Putin said it was irrelevant who stole the Democratic data and that the content of the emails was what is important. Meanwhile, Russia’s foreign minister said of the hacks: “We did not deny this. They did not prove it.” The US is weighing up its options to retaliate. (WSJ, FT)
Sony’s virtual new world Fans around the world lined up to get their hands on Sony’s new virtual reality headset, PlayStation VR, which went on sale in 42 countries. The company promises the device “is the biggest innovation for household viewing since the arrival of television”. (NAR)
Number of the day
€20bn The divorce bill Britain faces as it seeks to leave the EU, according to a new FT analysis. (FT)
It’s a big day for
Britain’s parliament Three of the most senior judges in England and Wales will hear a challenge to claims by Theresa May’s government that it can trigger Brexit without parliamentary approval. (Guardian) Read our daily Brexit Briefing. FT subscribers can sign up to receive it daily by email here.
Innovation President Barack Obama hosts the White House Frontiers conference in Pittsburgh to explore the future of global innovation. He also edited the new issue of Wired, which is devoted to the future. (Wired)
Food for thought
Global trade: blocking moves Policymakers are fretting over the new methods countries are using to protect their industries. Whether in the innovative use of old laws or new standards on encryption and labelling, world trade is experiencing a wave of protectionism that some economists say is affecting global economic growth. (FT)
The west’s Aleppo shame The FT’s Simon Kuper asks why the war-torn city and its inhabitants have been abandoned to their fate by the west and concludes that detachment is probably a consequence of western comfort after 71 years of peace. (FT)
Rising barriers Around the world barriers are rising in response to migration, war and terrorism. There are now 63 barriers separating neighbouring countries as globalisation is replaced by growing nationalisation. The Washington Post goes to eight countries on three continents in a multimedia investigation. (WaPo)
Stressed in the city Research shows that urban living is linked to depression and anxiety, but what is it that makes it so stressful? Examples from around the world mention noise, proximity and lack of green space. (Guardian)
Britain: No country for global citizens In today’s strange world, flirting with identity politics seems to be a requirement for mainstream politicians anxious about challenges from the far right, writes the FT’s Roula Khalaf. “The rhetoric of the Conservatives is bound to reinforce the xenophobic attitudes that surfaced during the Brexit campaign — and create divisions between ‘real’ and ‘fake’ citizens.” (FT)
Video of the day
PunkFT: Trumponomics In the latest collaboration between Punk Economics and the FT, Martin Sandbu delves into the economic realities of a Donald Trump presidency. (FT)