Big Take

Why We Can’t Quit Microsoft Excel Dec 04, 2025

Excel. Ifyou work in corporate America, that word either inspires laser-focused productivity or pure dread. Over the last 40 years, the spreadsheet software has become synonymous with the best — and worst — of late-stage capitalism. It’s seeped into popular culture and, along the way, made Microsoft one of the world’s most valuable companies.
But in a world of AI and new competition where Excel=Sum(39+1), can it stay on top?On today’s Big Take podcast, Bloomberg’s Dina Bass and Businessweek’s Max Chafkin join host Sarah Holder to track the rise and challenges ahead for one of the most ubiquitous programs around.

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Are We Headed For Another ‘Crypto Winter’? Dec 03, 2025

Back in October, Bitcoin reached a record high. Just a few weeks later, its price had plunged, taking out over $1 trillion dollars in assets along with it. On Tuesday, it rallied. But dips across the crypto market have left investors and analysts wondering what to make of the swings.

On today’s Big Take podcast, Bloomberg executive editor stacy-marie ishmael and host David Gura take the temperature of crypto’s dramatic ebbs and flows over the past few months, from President Trump’s second-term moves to bolster the market to fears of another “crypto winter.”

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Hong Kong's Catastrophic Fire Provokes Questions and Fury Dec 02, 2025

Hong Kong’s worst fire disaster in decades has stirred up public anger over negligence, safety standards and official accountability.

On today’s Big Take Asia podcast, host K. Oanh Ha talks to Bloomberg’s Shawna Kwan and Jenni Marsh about the devastation, the political fallout and how the public outcry is causing unease in Beijing.

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Where US-Russia Talks Leave Ukraine Dec 01, 2025

On Monday, Trump envoy Steve Witkoff flew to Moscow, while Ukrainian President Volodymyr Zelenskiy visited France.
Witkoff is expected to meet with Russian President Vladimir Putin to try and sell him on the latest version of a peace deal, which has Ukrainian input. But after a phone call between Witkoff and a Russian counterpart, Zelenskiy is trying to shore up support among European allies — both to increase pressure on Trump to align with Ukraine and to garner more military support.

On today’s Big Take podcast, national security team leader Nick Wadhams unpacks the state of play between Russia and Ukraine, the developments of the last few days and whether an end to the war could be in sight.

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Weekend Listen: Ken Burns Says Gratitude Is the Missing Ingredient in Our Politics Nov 30, 2025

Ken Burns has been telling stories about America for almost 50 years. The lauded documentary filmmaker has a new series on PBS, The American Revolution, which charts the period before and after 1776. It will air internationally ahead of the 250th anniversary of the US Declaration of Independence.

Mishal Husain asked Burns to join the show to mark Thanksgiving, looking at today’s America through the lens of its past and the characters who made history.

02:15 - The complexity of the American Revolution

04:00 - The underdog story

07:15 - The global significance of the American Revolution

13:43 - Mishal Husain’s connection to Lexington Green

16:15 - Why Ken Burns became a filmmaker

17:55 - “My mother’s gift in a funny way was dying”

19:20 - The Ken Burns Effect

20:15 - Hollywood actors as first person narrators

21:25 - Directing Josh Brolin as George Washington

22:00 - Why Tom Hanks didn’t want to be the voice of George Washington

23:00 - Filming reenactments

24:50 - The American Revolution is not over

29:10 Working for PBS, American Public Broadcasting

32:20 What is Ken Burns grateful for on Thanksgiving?

Watch this podcast here: https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYS

You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview

Contact The Mishal Husain Show mishalshow@bloomberg.net

Subscribe today on Apple Podcasts and Spotify.

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The Big Business of the Doodle Boom Nov 28, 2025

Goldendoodles, bernedoodles, labradoodles, cockapoos, everywhere you look, it seems like doodles — those fluffy, adorable poodle mixes — are taking over sidewalks, cafes and TikTok feeds. But the ubiquity of the muppet-like canines has also come with some doggy drama.

On today’s Big Take podcast, host Sarah Holder and producer David Fox head to New Jersey to meet a breeder who’s been navigating the doodle’s rise to fame. And writer Allie Conti examines the discourse around the industry: from its loudest critics to its devoted diehards.

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Wanted: Fed Chair. Must Run World’s Largest Economy, Manage Up Nov 26, 2025

Weeks before the Trump administration is expected to name its pick for the next US Federal Reserve chair, current White House economic adviser Kevin Hassett leads a group of five finalists. Whoever prevails will have the significant job of guiding the US through challenging economic times, while balancing the Fed’s long-standing independence against a hands-on president.

On today’s Big Take podcast, Bloomberg Fed reporters Amara Omeokwe and Enda Curran join David Gura to discuss what the leading candidates bring to the job.

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All Eyes on Japan and China Tensions After Taiwan Remark Nov 25, 2025

After a rare public comment on Taiwan from Japan’s new prime minister, Sanae Takaichi, relations between the two nations are at a historic low — and Beijing is ramping up its economic retaliation.

On today’s Big Take Asia podcast, host Oanh Ha talks with Bloomberg’s James Mayger and Isabel Reynolds about the political calculation behind Takaichi’s move, the historical grievances fueling the dispute and the real economic risks facing Tokyo.

Further listening: How APEC Become a Battleground for US-China Influence

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Inside Trump’s Retribution Campaign Nov 25, 2025

On Monday, a federal judge threw out the criminal cases filed by the Department of Justice against former FBI director James Comey and New York Attorney General Letitia James.

When President Trump took office in January, he made it clear that retribution against his perceived political enemies was a key part of his second-term agenda. The cases against Comey and James were a high profile part of that strategy, and the White House does not seem inclined to accept this outcome.

On today’s Big Take podcast, host Sarah Holder is joined by Bloomberg senior national political reporter Nancy Cook and Department of Justice reporter Chris Strohm to discuss the stakes of the Comey and James cases, the role the DOJ has played in carrying out Trump’s second-term agenda — and what to expect next.

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Checking the Math on Trump’s $2,000 Checks Nov 24, 2025

Under new pressures over inflation and affordability, President Donald Trump has been talking up a plan to share tariff revenues with Americans, in the form of $2,000 checks. But there are several major problems with this plan — and he’s lacking support among some of his most ardent allies.

On today’s Big Take episode, host Sarah Holder is joined by Bloomberg senior national political reporter Nancy Cook and US Treasury reporter Dan Flatley to discuss how Trump’s latest proposal fits into the economic debate that could define midterm elections – and how the Supreme Court, the Republican party and Trump’s own cabinet could throw a wrench in his plans.

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Weekend Listen: The Godmother of AI, Fei-Fei Li Nov 23, 2025

Stanford University Professor Fei-Fei Li has been at the forefront of artificial intelligence research for 25 years, which is why she’s been called the “godmother of AI.”

In this conversation she tells Mishal Husain how she arrived in the US as a teenager after her parents decided to emigrate from China. She also talks about the high school teacher who inspired her and a deep love of physics, leading her to ask what she calls “audacious” questions.

These days, amid her excitement about AI and its potential, she also is focused on what humans must do to build safeguards, and has a message for parents, too.

02:50 - AI is a “civilizational technology”
04:15 - “Technology is a double-edged sword”
05:45 - Being a tech CEO and an academic
06:45 - Falling in love with physics
08:00 - What is intelligence?
08:40 - Finding my first North Star
09:45 - Fei-Fei Li’s two key breakthroughs
14:52 - Moving from China to the US at 15
15:48 - Running the family shop taught me resilience
17:30 - “I wasn’t curious about nightclubs”
18:20 - My inspirational teacher
22:20 - “China is a powerhouse in AI”
23:00 - Creating 3D worlds with AI
27:20 - AI and the jobs market
28:40 - Are humans going to be replaced?
31:00 - “The machine overlord”
32:45 - What should parents tell their children?
34:40 - The AI bubble
36:00 - Powering the big data centres AI needs
37:20 - “I’m not a tech utopian or a dystopian”
38:00 - “My one worry is our teachers”
39:20 - “I’m conscious of my responsibility”
41:28 - Fei-Fei Li believes in timeless human values
42:00 - “My favourite book these days is Harry Potter”
Watch this podcast here: https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYS
You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview

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Harassment Concerns at Oxford Went Unaddressed for Years Nov 21, 2025

Oxford University has repeatedly been slow to act when confronted with allegations of harassment, assault and inappropriate behavior by male academics, a new Bloomberg investigation has found.

Katherine Griffiths, the city editor of Bloomberg’s London bureau, spoke to dozens of academics, staffers and women who have studied at Oxford to understand how the storied institution has handled misconduct concerns — and why it lags behind its peers. On this episode of the Big Take podcast, she shares her findings about the barriers to addressing misconduct at Oxford, and the lasting consequences for women.

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Nvidia Silences AI Skeptics (For Now) Nov 20, 2025

Nvidia released its third quarter earnings Wednesday, crushing estimates and easing Wall Street’s concerns about an AI bubble.

On today’s Big Take podcast, Bloomberg Tech’s Ed Ludlow sits down with David Gura to discuss his post-earnings interview with Jensen Huang – what the Nvidia CEO had to say about the company’s breakneck growth, so-called circular deals, and potential expansion into China.

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The Hot Market for Jobs No One Wants Nov 19, 2025

After a period characterized as “low-hire, low-fire,” the American labor market is seeing a surge of layoffs from companies like Amazon, Starbucks, UPS and Target. And that’s pushing more job applicants towards traditionally less-desirable occupations, like substitute teaching, traffic flagging and waste management.

Today on the Big Take, Sarah Holder is joined by economic reporter Mike Sasso to discuss what’s happening in this often-overlooked corner of the labor market and what it means for the economy overall.

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China Tests the Limits in the Race for Biotech Power Nov 18, 2025

China is investing heavily in cutting-edge genetic experiments. It’s part of their quest to become a biotech superpower.

On today’s Big Take Asia Podcast, host K. Oanh Ha, Bloomberg’s Karoline Kan and Oxford University geneticist Andy Greenfield discuss China’s pharmaceutical ambitions and the loose regulatory environment that allows the animal testing industry to thrive.

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How Private Equity Got Its Hands on Billions in Americans’ Retirement Money Nov 17, 2025

Apollo Global Management reinvented how pensions could be managed and paid out — by taking them over and moving the risks offshore. Other firms have followed suit and ushered hundreds of billions of dollars in American retirement savings into accounts that retirees and economists say are exposed to higher risk.

On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg reporters Alex Rajbhandari and Tom Schoenberg, who investigated this phenomenon and explain what it means for the people whose nest eggs ended up on private equity’s opaque balance sheets.

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Weekend Listen: Former UK Spy Chief Was Paid to Steal Secrets, Not Solve Mysteries Nov 16, 2025

For almost 40 years, Richard Moore was a career spy in Britain’s Secret Intelligence Service. Only his closest friends and family knew what he did for a living. When he was appointed chief of the agency in 2020, that changed: The name of the person in the top role is the only one made public.

In his first broadcast interview since leaving his post in September 2025, Moore talks to Mishal Husain about managing China, the psychology of Vladimir Putin and why spies shouldn’t expect recognition.

03:00 - “I certainly haven’t left the world in a better place than I found it”

05:02 - China as an “opportunity and a threat”

07:20 - UK’s China spy scandal

09:44 China should “get their embassy” in London

10:22 - Getting the “tap on the shoulder” at Oxford University

14:16 - Telling your children you’re a spy

16:28 - What is spycraft really like?

22:00 - Intelligence work post 9/11

28:15 - “Putin has no intention of doing a deal”

33:46 - Strikes on Venezuela

40:00 - Life on the outside

Watch this podcast here: https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYS

You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview

Contact The Mishal Husain Show mishalshow@bloomberg.net

Subscribe today on Apple Podcasts and Spotify.

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They Voted for Trump. His Tariffs Took Down Their Family-Owned Sawmill Nov 14, 2025

For years, Mackeys Ferry Sawmill in North Carolina relied on exporting its goods to China and Vietnam after a dip in domestic demand for high-quality hardwood. But President Donald Trump’s trade war with China dealt a blow that the mill’s owners say they couldn’t come back from. In July, just months after the president announced his “Liberation Day” tariffs, they decided to shut it down.

On today’s Big Take podcast, Bloomberg economics reporter Shawn Donnan goes to the “Old North State” to understand the ripple effect of tariffs on one of the oldest industries in America and how the mill’s owner feels about Trump and his policies, one year after voting for him in the ballot booth.

Listen more: The Most Worrying — and Reassuring — Signals in the US Economy

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The Most Worrying — and Reassuring — Signals in the US Economy Nov 13, 2025

In recent weeks, a number of economic warning signs have put investors on edge, from growing skepticism over the possibility of an AI bubble to bankruptcies that have rocked the private credit market.

On today’s Big Take podcast, Bloomberg Opinion columnist and senior markets editor John Authers and host David Gura tackle the question: How worried should we be about the US economy?

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Trump Promised Revenge. He’s Using the DOJ to Make It Happen Nov 12, 2025

When President Trump took office in January, he made it clear that retribution against his perceived political enemies was a key part of his second-term agenda.
He’s used a variety of tools at his disposal — and with his encouragement, the Department of Justice has indicted former FBI Director James Comey, New York State Attorney General Letitia James and former National Security Advisor John Bolton.
On today’s Big Take podcast, host Sarah Holder is joined by Bloomberg senior national political reporter Nancy Cook and Department of Justice reporter Chris Strohm to talk about how these cases are playing out and the new precedent they could set for future administrations.

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Wall Street Speeds Up India Expansion Nov 11, 2025

Wall Street banks are on a hiring spree across India, recruiting workers for everything from software engineering to risk management as part of a decades-long shift away from support roles toward high-skill positions.

On today’s Big Take Asia Podcast, host David Gura sits down with Bloomberg’s Siddhi Nayak to look at India’s changing job landscape. What to expect as Wall Street continues to expand into its tech hubs – and how Donald Trump’s H1-B visa crackdown could accelerate that push.

Further listening: Trump’s H-1B Visa Fee Dashes Indian Workers’ American Dreams

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Why a K-Shaped US Economy Is Raising Red Flags Nov 10, 2025

The US economy appears remarkably resilient right now, but if you look closer, you’ll see a different picture emerge: a growing divide between America’s wealthiest consumers and everyone else. Economists call this kind of bifurcated economy “K-shaped.” And as the top and bottom of the K have diverged, the overall economy has also become more top-heavy and more fragile.

On today’s Big Take podcast, host Sarah Holder is joined by Peter Atwater – the economist who popularized the idea of a “K-shaped economy” during the pandemic – and Bloomberg reporter Catarina Saraiva, who covers the federal reserve and labor market. They examine why this gap is widening, how it’s showing up in company earnings reports and what it means for the country’s overall financial health.

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Weekend Listen: Julia Ioffe Wants You to Know Russia Is Bigger Than Putin Nov 09, 2025

How do you tell the history of a whole country through its women? And what can it tell us about the world today? These are the questions Russian-American journalist Julia Ioffe has set out to answer in her new book, Motherland: A Feminist History of Modern Russia, from Revolution to Autocracy.
Having reported from, and on, Russia for publications including The New Yorker and Foreign Policy for more than a decade, Ioffe says she has repeatedly been asked to explain the actions and motivations of one man: Vladimir Putin.
Motherland is, she says, partly a response to Putin, through her desire to show that Russia is much more than one person, let alone one man.In this conversation Ioffe talks to Mishal about reclaiming Russia’s women, about Donald Trump’s hollowing out of American institutions and why Putinism will endure. (Note: This podcast contains a discussion of sexual violence that some listeners may find distressing.)
02:30 - “I was born in a country that no longer exists”
03:55 - The anti-feminist at Lenin’s side during the Revolution
06:55 - Reluctancy to write about Russian women
12:55 - What a “horrible boyfriend” Vladimir Putin was
16:50 - Return to Russia, oligarch hunters and ‘trad wives’
22:13 - Alexei Navalny, “the last shred of hope”
29:20 - Can Russia sustain the war in Ukraine?
32:32 - Trump’s assault on US institutions, faster than Putin
34:30 - American authoritarianism, risk of “one party state”
Watch this podcast: https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYS
You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview
Contact The Mishal Husain Show mishalshow@bloomberg.net

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What’s Trump’s Venezuela Endgame? Nov 07, 2025

The United States has struck more than a dozen boats off the coast of Venezuela over the last two months, killing more than 60 people.
The Trump administration says it’s targeting narco-traffickers. But critics at home and abroad have decried the attacks and challenged their legal basis. Meanwhile, President Trump has overseen a buildup of force in the region.
On today’s Big Take podcast, Bloomberg National Security Reporter Nick Wadhams, Bloomberg Economics Defense Lead Becca Wasser and host David Gura take stock of the concentration of American military force in the Caribbean. They break down why President Trump is taking aim at Venezuela right now — and discuss what could happen next.
Read more: Nobel Peace Prize Winner: US Escalation Is ‘Only Way’ to Free Venezuela

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How the Longest Government Shutdown Is Impacting the Economy Nov 06, 2025

The ongoing US government shutdown has broken historic records — and its economic consequences could prove even longer-lasting.

Today on the Big Take, host Sarah Holder is joined by Bloomberg’s Gregory Korte and Megan Scully, who cover the White House and Congress, to talk about the shutdown’s impacts across sectors — and what it could take to break the logjam.

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Mamdani Won on Affordability. Can He Win Over NYC’s 1 Percent? Nov 05, 2025

Zohran Mamdani clinched New York City’s mayoral race by campaigning against wealth inequality and promoting affordability. Now, he faces the challenge of delivering on the promises that got him elected while coming to the table with the city’s wealthiest residents, who have an outsized influence on the city’s politics, economy and revenue.

On today’s Big Take podcast, host Sarah Holder is joined by Bloomberg reporters Emily Flitter and Fola Akinnibi and speaks with Kathryn Wylde, the CEO of the Partnership for New York City, which represents the interests of the city’s business community. They discuss what Mamdani’s victory means for Wall Street and how he plans to win over the 1 percent.

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How APEC Become a Battleground for US-China Influence Nov 04, 2025

Asian nations are walking a tightrope between Washington and Beijing – juggling trade, tech and security pressures as the heavyweights vie for influence.

On today’s Big Take Asia Podcast, host K. Oanh Ha speaks with Adam Farrar, Bloomberg’s senior geoeconomics analyst for Asia Pacific, to unpack what may have been overlooked at the APEC summit as the Xi-Trump show came to town.

Further listening: Trump Got an ‘Amazing’ Meeting. China Got Much-Needed Time

Listen and follow The Big Take Asia on Apple Podcasts, Spotify or wherever you get your podcasts

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It’s Not Just You. There Are a Lot of Layoffs Happening Nov 03, 2025

The last time the United States saw layoff numbers this high was during the Covid-19 pandemic.

On today’s Big Take podcast, Bloomberg US Economy reporter Julia Fanzeres and host David Gura tackle the layoff wave of 2025: what it reveals about the state of the US economy — and what it means for the workers swept up in it.

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Weekend Listen: Nobel Laureate Believes US Pressure on Maduro Is the Only Way Nov 02, 2025

Three weeks after being awarded the Nobel Peace Prize, Venezuelan opposition leader María Corina Machado finds herself supporting US intervention in her native country. Mishal speaks to Maria Corina on recent US boat strikes, Nicolas Maduro’s fate and the need for strength to secure peace.

03:24 - "I had to go into hiding"
03:51 - Impact of the Nobel Peace Prize
05:38 - US Military build up
10:21 - Prospect of US ground strikes
13:10 - Is Machado speaking to the Trump Administration?
16:00 - Prospect of regime change
18:50 - Venezuela after Maduro
23:04 - Machado's economic vision
26:04 - What is the Venezuelan opposition planning next?
28:23 - "We are ready to take our government"
34:22 - Why Machado thinks this time is different

Watch this podcast https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYS

You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview

Contact The Mishal Husain Show mishalshow@bloomberg.net

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WNBA Players Want More of the League’s Revenue. Can They Get It? Oct 31, 2025

The WNBA is bigger than ever. From soaring ticket sales and to record TV viewership, the W is one of the fastest-growing sports leagues in the world. But since last year, the WNBA and its players’ union have been in tense negotiations over the cut that players get from that success. A deadline to reach a deal has been extended another 30 days, but the sticking points remain.

On today’s Big Take Podcast, Bloomberg reporter Jennah Haque, Good Game host Sarah Spain and Seattle Storm Guard Lexie Brown break down the state of play, from proposals on the table for revenue sharing to questions about the league’s financial picture.

Read more:

As Billions of Dollars Pour Into Women’s Sports, Players Seek a Bigger Cut

Further listening:

Good Game with Sarah Spain
Full Circle with Lexie Brown & Mariah Rose—Power to the Players

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Trump Got an ‘Amazing’ Meeting. China Got Much-Needed Time Oct 30, 2025

On Thursday, President Donald Trump and President Xi Jinping of China announced a one-year truce in their trade war, capping six contentious months of negotiations and retaliatory tariffs between the world’s two largest economies.

On today’s Big Take podcast, Bloomberg’s Global Trade Editor Brendan Murray and Executive China Editor John Liu join host David Gura to parse the details of the new US-China trade agreement — and why both countries are moving forward without a permanent deal.

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Is the Fed Flying Blind? Oct 29, 2025

On Wednesday, the US Federal Reserve cut interest rates by 25 basis points, following its 25-basis-point cut in September. But amid a government shutdown limiting key data and questions about who will succeed Chair Jerome Powell, what comes next is anyone’s guess.

On today’s Big Take podcast, Bloomberg reporters Amara Omeokwe and Enda Curran join host David Gura to break down the path forward for the central bank: from the shutdown’s impact on its decision-making to the leading contenders for Powell’s position when his term ends in May.

Here Are the Five Contenders to Replace Powell as Fed Chair

The Economic Data Lost in a Shutdown

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An American Toymaker Struggles to Break Up With China Oct 28, 2025

The US-China tariff war has upended global manufacturing, forcing companies like Chicago-based Learning Resources to fundamentally change how and where its products are made.

On today’s Big Take Asia podcast, K. Oanh Ha heads to Vietnam, where the toymaker has begun shifting the production of its popular children’s toys. We examine how the company is managing its complex shift from China – where its toys have been made for decades – what the factory boom means for communities on the ground in Vietnam and how all of this will impact consumers.

Further listening: The American Toymaker Suing Trump Over Destructive Tariffs
Xi’s Top Bargaining Chip Is a Trade War Game Changer

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New York’s MTA Chief on Trump’s Funding Threats Oct 27, 2025

Running North America’s largest transportation network is no easy task. Janno Lieber, the CEO and Chair of New York’s Metropolitan Transportation Authority is in charge of everything from upgrading ancient train infrastructure to advancing long-delayed expansion plans. He’s now also dealing with potential federal funding cuts for two of his agency’s signature projects – expanding the Second Avenue Subway into East Harlem and building a new commuter rail tunnel to connect New York and New Jersey.

Today on the show, Lieber sits down with host Sarah Holder to discuss his approach to running the agency in the face of these threats, his thoughts on NYC mayoral candidate Zohran Mamdani’s free bus proposal, and his advice for other cities who want to up their public transit ambitions.

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Weekend Listen: Nigel Farage Thinks Britain Has Had Too Many Unifiers Oct 26, 2025

After successfully pushing for Brexit, political disruptor Nigel Farage announced his retirement. Last year, he returned to frontline politics as the leader of Reform UK, an insurgent party that’s never held national power but is now polling ahead of Labour and the Conservatives. Mishal speaks with Farage about dismantling consensus politics, Britain’s future relationship with the European Union and what he thinks Donald Trump is getting right.

4:02 - “We’ve not had enough change”
7:10 - Working in the City of London in the 1980s
11:46 Alignment with the European Union
13:33 “Everything in life’s about risk”
16:24 “Make Britain Great Again”
21:00 The Bank of England
25:19 “Putin is a very bad dude”
30:15 Immigration and ICE raids
35:12 Economic plans
46:14 Reading to prepare for government

Watch this episode on YouTube: https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYSYou can find the written version of this interview with

Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview

Contact The Mishal Husain Show mishalshow@bloomberg.net

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House Minority Leader Hakeem Jeffries on Shutdown Day 23 Oct 24, 2025

On day 23 of the second-longest government shutdown in American history, House Minority Leader Hakeem Jeffries sits down with Big Take Host David Gura to talk about the shutdown, the NYC mayoral race and cuts to Medicare and Medicaid.

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How Did an Alaska Native Corporation Become an ICE Detention Giant? Oct 23, 2025

Over the last decade, Nana Regional Corp. — an Alaska Native corporation based in a small community roughly 30 miles north of the Arctic Circle — has won contracts worth more than $1 billion to run and support ICE detention facilities around the US.

On today’s Big Take podcast, Bloomberg investigative reporter Polly Mosendz and KOTZ news director Desiree Hagen look into how a company that once focused on local Alaskan industries, like mining and hospitality, became an ICE detention giant — and why some shareholders are starting to push back.

This story was reported in collaboration with KOTZ and Alaska Public Media. KOTZ, a partner station of Alaska Public Media, has received donations from local businesses, including Nana, in the past.

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Xi’s Rare Earths Bargaining Chip Is a Trade War Game Changer Oct 22, 2025

China’s dominance of rare earths has given Xi Jinping powerful leverage over Donald Trump ahead of their expected meeting next week.

On today’s Big Take Asia podcast, host K. Oanh Ha and Bloomberg’s Daniel Ten Kate dig into how China is weaponizing rare earths and what the economic standoff means for a trade deal and the future of US-China relations.

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The Race to Buy Warner Bros. Discovery Oct 21, 2025

Some of the biggest names in tech and Hollywood are training their sights on Warner Bros. Discovery, the media and entertainment conglomerate that owns HBO Max, CNN and TNT.

The first party to make an offer was Paramount Skydance, the newly-merged company helmed by David Ellison.

On today’s Big Take podcast, Bloomberg’s Lucas Shaw joins host David Gura to share his reporting on why Ellison wants to buy Warner Bros. Discovery — and what more consolidation would mean for Hollywood, the news business and consumers.

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A Brazen, 7-Minute Jewelry Heist at the Louvre Oct 20, 2025

In just seven minutes, thieves in France made off with a cache of royal necklaces, tiaras and earrings in a robbery at Paris’s famous Louvre — shutting down the world’s busiest museum and setting off an international manhunt.

On today’s Big Take podcast, host David Gura and Bloomberg’s Paris Bureau Chief Alan Katz on the brazen theft that evokes a Hollywood caper, the latest in the investigation and what might happen to the priceless jewels.

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Weekend Listen: Mishal Husain Interviews Canadian PM Mark Carney Oct 19, 2025

Canadian Prime Minister Mark Carney talks to Mishal Husain about trade battles, Vladimir Putin's miscalculations and what he's learned from Donald Trump.

You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview

Contact The Mishal Husain Show mishalshow@bloomberg.net

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Amex v. Chase: Who Will Win the Battle for America’s Top Shoppers? Oct 17, 2025

The competition for America’s wealthiest shoppers is heating up, with credit card companies like American Express and Chase using every perk in the book to enroll new cardholders.
On today’s Big Take podcast, Bloomberg’s Amanda Mull tracks how the leading credit card companies are using perks, promotions and points to win the business of the 10 percent of Americans responsible for nearly 50 percent of the country’s discretionary spending. Who will win this high-stakes game – and what’s the cost to the rest of us?

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Why Global Economic Leaders Are Predicting a Slowdown Oct 16, 2025

This week, the World Bank and the International Monetary Fund are holding their annual meetings in Washington, DC and so is the Institute of International Finance. It’s brought a who’s who of central bankers and finance ministers to the US capital — in the midst of a government shutdown — to discuss the most pressing issues facing the global economy.

Bloomberg reporters and editors from all over the world have also made the pilgrimage to Washington, including Brendan Murray, who oversees global trade coverage, along with Joe Weisenthal and Tracy Alloway, the hosts of Odd Lots.

On today’s Big Take podcast, they join host David Gura to share what they’re hearing at official events and on the sidelines of these meetings and what it reveals about the health of the economy and global markets.

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What’s Driving The Rush to Invest in Gold Oct 15, 2025

Gold always shines during uncertain times, but escalating tensions between the US and China and signals from the Federal Reserve that we could see at least one more rate cut this year have propelled gold – and silver – to record highs.

Today on the Big Take, Bloomberg precious metals reporter Jack Ryan and host Sarah Holder talk about what’s pushing up gold’s value — and what history can teach us about how this gold rush could end.

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Having a Baby? This Company Will Give You $72,000 Oct 14, 2025

South Korean companies are offering workers tens of thousands of dollars (tax free) to have babies. But are cash incentives enough to address the country’s record-low fertility rates? K. Oanh Ha and Bloomberg’s Hyonhee Shin explore on today’s Big Take Asia podcast.

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The Front Lines of Trump's Trade War? Look at Kentucky Oct 13, 2025

There’s an unexpected place starting to feel the impact of US President Donald Trump’s trade war: Kentucky.

Bloomberg’s Josh Wingrove visited Governor Andy Beshear, the Democrat leading the red state, to understand the economic consequences tariffs have had on Kentucky’s manufacturing industry – and its iconic bourbon. Wingrove sits down with host Sarah Holder to talk about their conversation and his time in the bluegrass state.

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The Rebel Army Behind One of the World’s Major Rare-Earth Supplies Oct 10, 2025

Myanmar is the world’s third-largest producer of rare earths and a critical supplier for neighboring China. But rebels have recently taken control of most of the country’s mines — creating a complicated situation for Beijing and for global supply chains.

On today’s Big Take Asia Podcast, host K. Oanh Ha and reporter Timothy McLaughlin discuss the Kachin Independence Organization’s control of a majority of Myanmar’s rare-earth mines, how the change is shifting Myanmar's political dynamics and what the group’s growing influence could mean for the future of rare earths.

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The International Pressure That Led to the Israel-Hamas Ceasefire Oct 09, 2025

Escalating international and economic pressure led to a new peace deal in Gaza. On today’s Big Take podcast, host Sarah Holder is joined by Bloomberg’s Joumanna Bercetche, Fares Alghoul and Galit Altstein to discuss the factors that brought Israel and Hamas to the negotiating table, what they’ve agreed to so far and the outlook for the region after more than two years of war.

Read more: Israel Says Gaza Ceasefire Now in Effect After Hostage Deal

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The AI Deals Raising Fears of a New Tech Bubble Oct 08, 2025

OpenAI and AMD. OpenAI and Nvidia. Oracle and OpenAI. Nvidia and Oracle. There is so much AI-on-AI dealmaking happening in the industry right now, it can be hard to keep track of who has a deal with who — and increasingly, it seems everyone has a deal with everyone else.

Today on the Big Take, host Sarah Holder speaks with technology reporter Emily Forgash about the AI giants making circular deals — and why some analysts and experts are concerned about the trend.

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The Rise of Japan’s ‘Iron Lady’ and Its Political Shift to the Right Oct 07, 2025

For the first time in history, Japan’s ruling party has elected a woman as its leader. Sanae Takaichi, 64, is an unconventional figure — and now she’s on track to become Japan’s first female prime minister.

On today’s Big Take Asia Podcast, host K. Oanh Ha speaks with Bloomberg’s Paul Jackson about Takaichi’s path to power, why her politics aren’t resonating with some Japanese women and what her leadership could mean for Japan’s economy and its relationship with the United States.

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Pay Up Or Move Out: The Americans Losing Their Homes to ‘Zombie’ Mortgages Oct 06, 2025

They’re called “zombie” mortgages: old second loans from the subprime era that many homeowners had good reason to believe were canceled or forgotten. Now, years later, debt collectors are coming after the money. And they’re ready to foreclose if people can’t pay. It sounds like a horror story, but a new Bloomberg investigation has found that it’s a terrifying reality — and hundreds of thousands of homeowners could be at risk.

On today’s Big Take podcast host Sarah Holder and Bloomberg data journalist Noah Buhayar look at what a trove of records from one debt collection company tells us about how the industry operates as a whole and why cashing in on dormant mortgages has become big business.

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Will the Shutdown Lead to DOGE 2.0? Oct 05, 2025

Today on theBig Take, we hear from our colleagues over atEverybody's Business, Stacey Vanek Smith and Max Chafkin. This week’s topics include a possible return of DOGE-like cuts due to the shutdown, the wild ride of crypto entrepreneur Justin Sun and a very surprising economic indicator.

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Welcome to Undergrad. Meet Your 81-Year-Old Classmate Oct 03, 2025

A growing number of colleges and universities across the US are trying to address dwindling student enrollment and tight finances by opening their doors to an unusual source of revenue: contracts with retirement communities, on or near campus.

On today’s Big Take podcast, Bloomberg’s Elizabeth Rembert heads back to school to learn what happens when baby boomers and Gen Z students share quads and classrooms: from intergenerational friendships to growing pains.

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Even Six Figures Can’t Save You From NYC’s Rent Crisis Oct 02, 2025

The rent is too high…even for high-earning New Yorkers. In the wake of unprecedented rent hikes, residents across America's largest city are finding that not even a six-figure salary can protect them from the squeeze.

On today’s Big Take podcast, host Sarah Holder talks to Bloomberg Real Estate Reporter Paulina Cachero and Fiscal Policy Institute Chief Economist Emily Eisner about New York City’s stressed rental market, the domino effect it has on everyone and the proposals on the table to fix it.

Listen more: Odd Lots - Zohran Mamdani, the Socialist Who Could Be NYC's New Mayor

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The Shutdown Will Make the Fed’s Decisions Harder Oct 01, 2025

The US government shutdown will have serious implications for the collection and distribution of federal economic data used to gauge the health of the US economy — including the Bureau of Labor Statistics’ monthly jobs reports and Consumer Price Index.

On today’s Big Take podcast, Bloomberg White House reporter Gregory Korte and economics editor Molly Smith join host David Gura to talk about what the government shutdown means for economic data and how it could impact policymakers, investors and everyday Americans.

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AI Data Centers Use a Lot of Energy. You May Be Paying for It Sep 30, 2025

AI needs a lot of energy — and a new Bloomberg investigation has found that those soaring costs are being passed on to consumers who live near data centers.

On today’s Big Take podcast, host David Gura talks to Bloomberg reporters Josh Saul and Leonardo Nicoletti about the AI boom’s impact on power bills, how utility companies are handling surging demand and the implications for communities with centers in their backyards.

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What a Looming Shutdown Means for Markets Sep 29, 2025

The US government is facing its first potential shutdown in nearly seven years, and the clock is ticking.

On today’s Big Take podcast, Bloomberg Congress editor Megan Scully and host David Gura break down the political incentives for President Trump, the Republican Party and for Democrats — and discuss what’s at stake for the economy if a shutdown comes to pass.

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The Kindbody Story: E5, The Baby Project Sep 27, 2025

A Kindbody employee discovers the company is helping an imprisoned billionaire father multiple children through surrogates and egg donors. In this episode, reporter Jackie Davalos investigates Greg Lindberg's "baby project" and what it illustrates about America's unregulated fertility industry.

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The Kindbody Story: E4, Fertility Care, Meet Sales Targets Sep 26, 2025

Kindbody implements quotas requiring doctors to perform more lucrative procedures, internal company documents show. In Episode 4 of IVF Disrupted: The Kindbody Story, patients report being pushed toward expensive IVF cycles and questionable add-ons.

Bloomberg’s Jackie Davalos investigates how financial pressure drove medical decisions at the struggling fertility chain—including one woman's painful and seemingly unnecessary procedure that would leave her questioning everything.

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Argentina’s Economy Is Struggling. Why Is the White House Stepping In? Sep 25, 2025

This week, President Donald Trump and Treasury Secretary Scott Bessent surprised markets when they signaled broad economic support — including a potential $20 billion swap line — for Argentinian President Javier Milei amid deep financial and political uncertainty in South America’s second-largest economy.

So, what’s behind this gesture and how would it work? On today’s episode, Bloomberg’s Patrick Gillespie joins Big Take host David Gura from Buenos Aires to unpack what US support could mean for Milei as he faces a referendum on his economic agenda.

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Trump vs. the UN Sep 24, 2025

The United States is responsible for about 20% of the UN’s annual budget. But it hasn’t paid its dues in months. And the UN Secretary-General Antonio Guterres says the international body is now facing hard choices.

On today’s Big Take podcast, host David Gura sits down with Guterres and Bloomberg’s Magdalena Del Valle to discuss whether the institution can survive funding cuts and prove its relevancy in a time of rising global tensions. Without the full backing of the US, how much can the UN do to promote peace and security around the world — and what will that mean for the people they support?

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Breaking Down the Proposed US-China TikTok Deal Sep 23, 2025

After months of negotiation, the US and China have reached a tentative agreement to secure TikTok’s future in the US.

On today’s Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Josh Wingrove and Mark Anderson to unpack TikTok’s “America-First” era. They discuss what you need to know about potential changes to the platform, how a majority American-controlled board could impact the app’s future and what the deal tells us about China-US negotiations moving forward.

What We Do and Don’t Know About US TikTok Deal With China

Further listening:
Americans Flocked to RedNote as the TikTok Ban Loomed. Will the Party Last?

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How Private Equity Lost Its Mojo Sep 22, 2025

Fewer deals. Long wait times for returns on investments. Struggles with fundraising. Even with an interest rate cut, private equity, which thrives on flipping and selling companies for a profit, is in a slump. What would it take for the industry to bounce back?

On today’s Big Take podcast, private equity reporter Allison McNeely on what’s contributing to an existential slowdown that has private equity firms scrambling to find a path forward.

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The Kindbody Story: E3, Rocketship to Nowhere Sep 21, 2025

Kindbody doubles its size overnight through a major acquisition, with executives telling employees they'll be rich enough to buy private jets. In Episode 3 of IVF Disrupted: The Kindbody Story, Bloomberg reporter Jackie Davalos reports on internal documents revealing that the company is hemorrhaging cash. As layoffs reduce the number of patient-facing employees, one clinic's staffing crunch sets the stage for an error that led one woman to give up on her dream of motherhood.

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The Kindbody Story: E2, The Embryo Mixup Sep 20, 2025

Dina and B arrive at Kindbody for the embryo transfer they've dreamed about for years. But their doctor delivers news that will make them question whether coming to Kindbody was a mistake. In Episode 2 of IVF Disrupted: The Kindbody Story, Bloomberg reporter Jackie Davalos investigates what went wrong and discovers that this error wasn't an isolated incident.

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The Kindbody Story: E1, The Fertility Spa Sep 19, 2025

In 2018 a startup emerged, aiming to revolutionize fertility care with spa-like clinics and Silicon Valley swagger. Kindbody attracted millions from investors eager to disrupt a booming industry. But former employees describe a company that at times cut too many corners as it raced to expand.

In Episode 1 of IVF Disrupted: The Kindbody Story, reporter Jackie Davalos investigates what can happen when startup culture collides with the delicate science of creating life.

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Structured Products Are Back. Why the Boom and What’s the Catch? Sep 18, 2025

When he announced the Fed’s decision to lower interest rates by 25 basis points, Fed Chair Jerome Powell made clear there’s still a bumpy road ahead for the US economy. Inflation is elevated and the labor market is showing signs of weakness. No wonder investors remain on edge.

All this market uncertainty has helped fuel the rise of a particular type of investment offering: structured products. They’re supposed to lower investors’ downside risks. But they’re not risk-free. On today’s Big Take podcast, Bloomberg equities reporter Yiqin Shen and markets editor Sam Potter break down how these complex investment vehicles work — and what their resurgence reveals about the US economy.

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Introducing IVF Disrupted: The Kindbody Story Sep 18, 2025

Kindbody, one of the largest fertility companies in the US, sought to disrupt egg freezing and IVF by combining spa vibes with Silicon Valley efficiency. The startup raised millions, opened dozens of clinics, and became a billion-dollar unicorn. But its ambition came with consequences. In IVF Disrupted: The Kindbody Story, reporter Jackie Davalos takes listeners beyond Kindbody’s millennial-friendly waiting rooms and into the clinics themselves, showing the sometimes-heartbreaking consequences of bringing the “move fast and break things” mentality to the business of creating life.

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With Inflation Still Sticky, Fed Shifts Focus to the Jobs Market Sep 17, 2025

On Wednesday, the US Federal Reserve cut interest rates by 25 basis points, a move intended to address concerns about cracks in the labor market. It was a highly anticipated, modest decision from an agency that has been under increasing political pressure from President Trump to do a bigger rate cut.

On today’s Big Take podcast, Fed and US economy reporter Amara Omeokwe and host David Gura discuss what the rate cut says about the state of the US job market, the broader economy and the central bank’s independence.

Read more:

Further listening: Why Trump Is Trying to Fire Lisa Cook

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The Gen Z Protestors Challenging Asia’s Ruling Elite Sep 16, 2025

Across South Asia, Gen Z protestors are flooding the streets, demanding change. These protests have resulted in some of the worst violence Nepal and Indonesia have seen in years, presenting a challenge to the ruling elites.

On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg Opinion’s Karishma Vaswani about what’s driving this wave of youth-led uprisings and what it would take for lasting political change.

Further listening: After a Deadly Student Uprising, Bangladesh Starts Over, Again

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Tesla’s $1 Trillion Bet on Elon Musk’s Leadership Sep 15, 2025

On Monday, news broke that Tesla CEO Elon Musk recently bought about $1 billion worth of Tesla stock causing the company’s share price to jump. It was the latest headline to stoke investor optimism, following the news earlier this month that the Tesla board awarded Musk a $1 trillion pay package, to secure his focus on the car company for the next several years.

On today’s Big Take podcast, global autos editor Craig Trudell joins host David Gura to discuss why Tesla investors are, once again, all in on Musk — and why even Musk’s renewed focus may not be enough to turn the company’s fortunes around this time.

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What We Know About the Man Arrested for Charlie Kirk’s Death Sep 12, 2025

The FBI has identified 22-year-old Tyler Robinson as the suspect in the killing of conservative activist Charlie Kirk. Robinson was arrested on suspicion of capital murder, weapons and obstruction offenses.

On today’s Big Take podcast, Bloomberg national security reporter Myles Miller and host Sarah Holder discuss the latest from the investigation into the shooting.

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Trump Ally and Political Strategist Charlie Kirk Killed at 31 Sep 11, 2025

Turning Point USA co-founder and close ally of President Donald Trump, Charlie Kirk, was shot and killed Wednesday afternoon while speaking at an event at Utah Valley University. The FBI has released images of a person-of-interest in the killing, but the suspect remains at large.

On today’s Big Take podcast, Bloomberg’s White House reporter Josh Wingrove joins host Sarah Holder to discuss Kirk’s death, the political legacy he leaves behind and how the political world is reacting to his death.

Read more: Charlie Kirk Energized Conservative Youth, Paving Way for Trump’s Rise

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We Got 18,000 of Jeffrey Epstein’s Emails Sep 11, 2025

Bloomberg News has obtained 18,000 emails from Jeffrey Epstein’s personal email account. The emails cover two decades and a wide range of topics, from the chilling to the mundane: Details of his Amazon purchases, his reaction to photos of young women, how he considered different potential plea deals.

Today on the show, Bloomberg’s Jason Leopold and Ava Benny-Morrison with host David Gura on the massive trove of emails — and what they tell us about Epstein, his powerful network, and his former girlfriend and associate Ghislaine Maxwell.

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John Malone Laid the Groundwork for Cable TV. Then Streaming Arrived Sep 10, 2025

Billionaire John Malone earned the nickname “Cable Cowboy” for revolutionizing television and laying the groundwork for the modern internet.

On today’s Big Take podcast, he joins host David Gura to reflect on his career and discuss his approach to investing in the digital age, why he believes cable companies lost their way in the streaming era, what he’s learned from his years in the media business and what’s ahead.

Watch, from Bloomberg Television: John Malone on Warner Bros. Spinoff, Streaming, Dealmaking, Future of Sirius

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Xi’s Bromance Diplomacy Is Challenging Trump’s World Order Sep 09, 2025

The leaders of China, Russia and India shared smiles and handshakes, putting on a surprising show of unity in a striking moment that went viral earlier this month.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Daniel Ten Kate about what’s driving their alignment and what the shift means for Trump and the US-led world order.

Further listening: India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.
What Xi Jinping’s Military Purge Means for China and the World

Watch, from Originals: How Xi Unleashed China’s Biggest Military Purge Since Mao

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Trump Is Unwinding Climate Science at a Dangerous Pace Sep 08, 2025

By slashing budgets, cutting staff and revoking funding for grants and permits, the Trump administration has effectively gutted key U.S. climate policies in a matter of months. The administration says the moves are intended to save money and spur investment.

But Bloomberg reporting found that these actions could have negative consequences for the US economy, for GDP growth in disaster-prone areas, and for US competitiveness on the world stage.

On today’s Big Take podcast, host Sarah Holder is joined by reporters Zahra Hirji and Eric Roston to calculate the economic toll of rolling back US climate science.

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A Judge Ruled Google Monopolized Search. Then Came AI Sep 05, 2025

On Tuesday, a federal judge reached a decision in a landmark antitrust case against Google and its monopoly over online search. But the company avoided the most severe outcomes after the judge decided that its business was already facing a growing threat: AI.

On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg big tech editor Sarah Frier to discuss why Google’s business wasn’t forced to break up–and how the ruling could impact Big Tech moving forward.

Google Saved From Breakup in Antitrust Case by AI Threat

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Can a Smaller HUD Fix the Housing Crisis? Sep 04, 2025

America is in the midst of a historic housing crisis, with record homelessness levels and a nationwide shortage of affordable housing. Addressing this crisis is the purview of the Department of Housing and Urban Development, the federal agency tasked with making sure Americans have a safe, affordable place to live.

Today on the show, The Big Take’s Sarah Holder on her recent trip to meet with HUD Secretary Scott Turner, a former NFL cornerback and Texas state representative. Turner came into office pledging to help America build millions of new homes. But he's also supported other changes at HUD that critics say threaten that mission, like unprecedented staffing reductions and proposed cuts to rental aid. What will this new age for HUD mean for America's housing goals?

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Why Long-Term Bond Yields Are Up in the US, UK and Japan Sep 03, 2025

A global selloff in long-dated bonds — including 30-year UK gilts, US Treasuries and Japanese government bonds — has deepened.

On today’s Big Take podcast, host David Gura, Bloomberg Economics’ Jamie Rush and FX reporter Mia Glass in Japan discuss what happened this week in UK and Japan bond auctions — and what it all means for the global economy.

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What Xi Jinping’s Military Purge Means for China and the World Sep 02, 2025

Beijing is holding its first military parade since 2019, showcasing the strength of China’s armed forces. Underneath the show of power, a Bloomberg investigation has found President Xi Jinping is orchestrating the biggest purge of military leadership since Mao Zedong.

On today's Big Take Asia Podcast, host K. Oanh Ha speaks with Bloomberg's John Liu about the dramatic restructuring of China’s military and what this sweeping shakeup could mean for the rest of the world.

Further listening:

The Shadowy Fleet of Tankers Moving Iranian Oil to China
Tensions Are Growing in the South China Sea

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The Crises Vying for Dwindling Foreign Aid Sep 01, 2025

The dismantling of USAID is contributing to a 17% drop in foreign aid this year. That’s put some of the world’s worst conflicts in competition with each other for attention and resources.

On today’s episode of the Big Take, Crisis Group CEO Comfort Ero joins host David Gura to discuss what this drop-off in funding has meant on the ground in the places that need it most — and why it’s so hard to sell developed countries on increasing their foreign aid budgets right now.

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The Latest Science on Extreme Heat: How Hot Is Too Hot? Aug 29, 2025

Nearly half a million people die every year as a result of extreme heat. That’s more than the total from hurricanes, earthquakes and floods combined. And as the planet warms the risk of deadly heat is only increasing.

On today’s Big Take podcast, Bloomberg’s Zahra Hirji brings Sarah Holder a dispatch from a lab at the forefront of understanding how heat affects the human body. They break down the latest science on deadly heat, why everyone is at more risk than they realize — and what actually works to mitigate those risks.

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Taylor Swift Wedding Predictions Are the Hottest New Trade Aug 28, 2025

Gamblers on prediction sites like Polymarket and Kalshi are already trying to cash in on Taylor Swift and Travis Kelce’s engagement — betting on everything from their wedding timeline to her next single.

On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg personal finance reporter Francesca Maglione and wealth reporter Annie Massa to dig into what a high-profile engagement can teach us about the rapidly growing predictions industry, the challenges with regulating it and who’s investing in its future.
An earlier version of this episode included an incorrect reference to an investor in prediction markets.

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Trump Has a Shipbuilding Dream. Can South Korea Make It a Reality? Aug 27, 2025

South Korean shipyards are busier than they’ve been in years. Seoul and Washington are working to finalize a new trade deal that will include a $150 billion commitment to help stimulate the US shipbuilding industry.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Weilun Soon about whether the US-South Korea shipbuilding alliance could help President Trump achieve his US shipbuilding dreams, what South Korea stands to gain from the investment – and if it will be enough to disrupt China’s maritime dominance.

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Why Trump Is Trying to Fire Lisa Cook Aug 26, 2025

President Donald Trump shared a letter on social media Monday night, addressed to Federal Reserve Board Governor Lisa Cook stating he had made the decision to remove her from her position.

It immediately launched a legal fight over the validity of Trump’s move and raised concerns about the future of Fed independence.

On today’s Big Take podcast, Bloomberg international economics and policy correspondent Michael McKee joins host Sarah Holder to discuss the immediate fallout — and the potential long term ramifications.

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What the End of the De Minimus Trade Loophole Means for Your Shopping Aug 25, 2025

This Friday, a big change is coming for the more than 4 million inexpensive packages that enter the US daily from abroad: President Donald Trump is ending the de minimis exemption, a loophole that has allowed cheap goods to pass through customs tariff-free for nearly 90 years.

It’s a blow to millions of online shoppers, small businesses on platforms like Etsy and postal services worldwide — many of which have already paused small-package shipments to the US.

On today’s Big Take podcast, Bloomberg’s Laura Curtis joins host Sarah Holder to break down the demise of de minimis: Why ending the carve-out for goods deemed too small to matter is actually a big deal for consumers — and what happens next.

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What Powell Said About the Possibility of a September Rate Cut Aug 22, 2025

In a speech at the annual Jackson Hole Economic Policy Symposium, Fed Chair Jerome Powell left the door open for a possible interest rate cut in September, sending a positive signal to Wall Street that pushed markets higher.

This comes at a unique moment for the US Central Bank, which is under fire for how its handled rate decisions, threats to fire a sitting governor and a public inquiry into its building renovations.

On today’s Big Take podcast, Bloomberg’s Amara Omeokwe joins host Saleha Mohsin from Jackson Hole to discuss how central bankers and economic policy leaders are navigating the tensions between the White House and the Federal Reserve — and what we learned from Jay Powell’s last speech at Jackson Hole as chairman.

Listen more: Odd Lots: Lots More on What Just Happened With the Fed at Jackson Hole (Podcast)

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Welch’s Fruit Snacks Get a MAHA-Friendly Makeover Aug 21, 2025

The Trump Administration wants to “make America healthy again” and one of its top priorities is removing artificial dyes from food. The company behind Welch’s Fruit Snacks has spent the past ten years doing just that.

On today’s Big Take podcast, Bloomberg’s Will Kubzansky takes us inside the Welch’s Fruit Snacks factory and explores the challenges America’s other food and drink companies could face as they try to meet the MAHA moment and make a similar change under a much faster timeline.

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What Does It Cost to Replace a CEO? Aug 20, 2025

From Starbucks and Intel to Petco and Astronomer: top CEOs are getting replaced at record rates. And the costs of these ousters can spiral quickly, dinging a company’s stock price and costing us all in surprising ways in the process.

On today’s Big Take podcast, Bloomberg’s management and work reporter Matthew Boyle joins host Sarah Holder to dig into the often murky, always steep cost of a CEO ouster.

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What Could Happen Next in the Russia-Ukraine Peace Process Aug 19, 2025

After meeting with President Trump separately, Presidents Putin and Zelenskiy could be headed toward a pivotal face-to-face meeting to begin peace talks. But what each side is willing to give up to end the Russia-Ukraine war remains to be seen.

On today’s Big Take podcast, David Gura sits down with Bloomberg’s White House correspondent Justin Sink and Europe government editor Piotr Skolimowski to discuss Russia and Ukraine’s red lines and the role the US and Europe could play in guaranteeing a ceasefire.

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How The Hunger Crisis in Gaza Unfolded Despite Months of Warnings Aug 18, 2025

At this point in the war between Israel and Hamas, it’s difficult to get more than anecdotal evidence out of Gaza. Almost every organization that once provided aid and monitored civilian welfare is no longer allowed in — or has ceased operations. Very few journalists are left there.
But reports of a civilian population facing a hunger crisis are widespread.

To understand the reality on the ground, host David Gura talked to Bloomberg’s Israel bureau chief Ethan Bronner, UN reporter Magdalena Del Valle and Gaza reporter Fares Alghoul to understand how a hunger crisis unfolded there despite months of warnings.

Israel Intends to Fully Take Over Gaza Despite Global Isolation

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Hims Wants to Keep Mailing You Copycat GLP-1s. It’s Getting Trickier. Aug 15, 2025

When a shortage of brand-name weight-loss drugs like Ozempic and Wegovy cleared the way for companies like Hims to fill the gap with cheaper, compounded versions, customers came flocking. But in February, the US Food and Drug Administration announced the shortage was over, leaving the company's strategy in flux and some investors worried.

On today’s Big Take podcast, host David Gura and Bloomberg healthcare reporter Madison Muller track how Hims became the king of copycat weight-loss drugs and what’s next for the company as it fights to hold onto the crown.

Cheap Ozempic Knockoffs Are Suddenly Everywhere. Are They Safe?

The Weight-Loss Drug Boom’s Prescription Problem

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Why Trump Is Letting Nvidia Sell (Some) AI Chips to China Aug 14, 2025

In an unusual deal, Nvidia and Advanced Micro Devices have agreed to pay the US government 15% of their revenue from AI chips they sell to China. The US has blocked the sale of other, more powerful chips to China on the basis of national security, but the exception underscores the Trump administration’s openness to make exceptions… if the price is right.

On today’s Big Take podcast, Bloomberg economic statecraft reporter Joe Deaux joins host Sarah Holder to explain the unprecedented nature of the deal, concerns about its legality and how it fits into Trump’s approach to trade with global competitors.

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What’s at Stake Ahead of Trump-Putin Meeting Aug 13, 2025

President Donald Trump is heading to Alaska to host a face-to-face meeting with his Russian counterpart, Vladimir Putin to talk about finally, maybe, putting an end to Russia’s war with Ukraine.
Notably not invited? Ukraine — or any other European leaders.

Today on the show, Bloomberg editor Flavia Krause-Jackson joins host David Gura to talk about why Russia has finally agreed to talk, what’s likely to be on the table in Anchorage and how significant this summit might be.

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How China Is Bringing Hong Kong’s IPO Market Back to Life Aug 12, 2025

After a years-long slump, Hong Kong’s IPO market is roaring back to life, thanks to a growing number of Chinese companies that are raising billions of dollars in the city.

On today’s Big Take Asia Podcast, host K. Oanh Ha and Bloomberg’s Dave Sebastian explore how China is transforming the financial hub into a key funding engine for mainland firms— and the risks this poses for banks on Wall Street and beyond.

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Who’s Really Paying for Tariffs? Hint: It’s Not Foreign Companies Aug 11, 2025

President Trump’s so-called reciprocal tariffs have pushed the average US tariff rate to 15%, up from just over 2% last year. But who’s actually footing the bill so far?

On today’s Big Take podcast, Bloomberg Businessweek’s “Everybody’s Business” host Stacey Vanek Smith takes Sarah Holder through Tariff 101: How is that money being collected and where is it going?

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Who Will Win the Race for Greenland’s Rare Earths? Aug 08, 2025

For years, President Donald Trump has voiced his ambitions to expand the US presence in Greenland. But making that happen is easier said than done.

Bloomberg’s Joe Deaux traveled to the remote island this spring, alongside a former Trump administration official who’s hoping to build a rare-earths mine there — with the federal government’s investment.

On today’s Big Take podcast, Joe walks host David Gura through what he saw on the ground, what Greenlanders have to say about Trump’s rhetoric and what it would really take to establish a mines-to-magnets pipeline in Greenland.

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Private Equity Is Coming for Your 401(k) Aug 07, 2025

US President Donald Trump just signed an executive order that aims to allow private equity into a $12 trillion piece of America’s retirement market — 401(k)s.

On today’s Big Take podcast, private equity reporter Allison McNeely joins host Sarah Holder to explain what this could mean for the average American’s retirement savings.

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Inside the Trump Family’s Money-Making Machine Aug 06, 2025

Since President Trump kicked off his reelection campaign in November 2022, his net worth has more than doubled — to roughly $6.4 billion. No modern American president has positioned his family to make so much money while in the White House.

Today on the show, Bloomberg reporters Max Abelson and Annie Massa join host David Gura to discuss the sources of the Trump family’s wealth — from cryptocurrencies and sneakers to Trump-branded towers in the Middle East.

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India Won’t Stop Buying Russian Oil. Now It’s Paying the Price. Aug 05, 2025

President Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on the country, a higher rate than many other major economies in Asia. But he didn’t stop there. This week, he’s threatened to raise the levy even higher. His message to India is clear: Stop buying Russian oil.

On today’s Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins K. Oanh Ha to unpack the historical and economic ties that have kept Russia and India close and discuss why that relationship is now being tested on the world stage.

Further listening: Is Trump’s Trade War Strategy Working?

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The World Trusts US Economic Data. Trump’s BLS Firing Could Change That. Aug 04, 2025

For decades, the data collected by the apolitical Bureau of Labor Statistics was seen as a gold standard — informing decisions made by the Federal Reserve, global business leaders and even presidents.

But now, after President Trump’s firing of BLS Commissioner Erika McEntarfer following a disappointing July jobs report — that could change.

On today’s Big Take podcast, Bloomberg’s Molly Smith joins host Sarah Holder to discuss the potentially sweeping policy ramifications of a shake-up at the Bureau of Labor Statistics.

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Is Trump’s Trade War Strategy Working? Aug 01, 2025

As President Donald Trump’s goalposts for his trade war continue to shift, Big Take host Sarah Holder sits down with Bloomberg’s global trade editor Brendan Murray to discuss where things stand and how Trump has dramatically shifted America’s approach to international trade deals.
Read more: How Trump Let $1 Trillion Worth of Imports Escape His Tariff Hammer

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Why It’s So Hard to Buy or Sell a House Right Now Jul 31, 2025

The US housing market just posted its slowest spring season in more than a dozen years. Experts are pointing to a combination of factors: high prices, elevated mortgage rates and economic uncertainty in America.

So what would it take to turn things around? Big Take host Sarah Holder spoke with Bloomberg housing reporter Prashant Gopal and real estate agents in major markets about the challenges for buyers and sellers.

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The Promise of Stablecoin: A Cryptocurrency Meant to Be Boring Jul 30, 2025

President Trump signed the Genius Act, the US’s first major federal cryptocurrency legislation, earlier this month. The law focuses on one type of cryptocurrency: stablecoins. So, what exactly is a stablecoin?

On today’s Big Take podcast, Bloomberg’s Emily Mason joins host Sarah Holder to break down what stablecoins are, how they work and what their wider adoption could mean for the crypto industry, banks and consumers.

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China Bets Big on a $167 Billion Tibetan Dam Jul 29, 2025

China is building the largest power plant the world has ever seen, in a very remote corner of Tibet. But the $167 billion hydropower dam has environmentalists and neighboring countries concerned.

On today’s Big Take Asia Podcast, host Menaka Doshi speaks to Bloomberg’s Dan Murtaugh about the engineering and geopolitical challenges, and the impact construction will have on the country’s economy.
Read more: Xi Ties His Legacy and China’s Economy to $167 Billion Dam

Further listening: China's Plans to Make AI a Utility

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Crunching the Numbers on President Trump’s Trade War Jul 27, 2025

For months, the impact of President Trump’s aggressive trade policy has largely felt theoretical. But with an Aug. 1 tariff extension on the horizon and a consequential week ahead for the president’s broader economic agenda, the cracks are beginning to show.

On today’s Big Take podcast, Bloomberg senior economic writer Shawn Donnan joins David Gura to break down the tariff fallout hiding in plain sight, and which sectors and countries are being hit the hardest.

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What Keeps Former National Security Advisor Jake Sullivan Up at Night Jul 25, 2025

On today’s Big Take podcast, host David Gura sits down with former National Security Advisor Jake Sullivan. In a wide-ranging conversation, they discuss Sullivan’s tenure in the Biden White House, the consequences of President Trump’s cuts to foreign assistance and government staff, and what Sullivan sees as the most pressing foreign policy challenges facing the current administration.

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Oil and Gas Made the University of Texas Rich. Can Green Energy Make It Richer? Jul 24, 2025

With more than $50 billion under management, Harvard has the largest college endowment in the United States. But the University of Texas is not far behind.

On today’s Big Take podcast, Bloomberg’s Janet Lorin joins host David Gura to discuss how the University of Texas harnessed land and oil to build the second-largest endowment in higher education and why it’s now adding new kinds of energy — and new ventures — to its portfolio.

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After US-Japan Trade Deal, What’s Next in Trump’s Trade War Jul 23, 2025

Bob Zoellick and Mike Froman spent years crisscrossing the globe as US Trade Representatives for George W. Bush and Barack Obama, respectively. They hammered out deals that accelerated an era of free trade.
As President Donald Trump’s August 1 tariff deadline approaches and Japan strikes a major deal with his trade team, David Gura brings the two former trade officials together to get their take on the president’s efforts to reshape the global economy.

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Trump’s Tariffs Force Europe to Rethink Ties With China Jul 22, 2025

This week, top European Union leaders are traveling to Beijing for a high-level summit which could set the tone for the relationship between the EU and China for years to come.

On today’s Big Take Asia Podcast, host K. Oanh Ha and Bloomberg’s Alan Crawford examine the shifting ties between Brussels and Beijing and the effect Trump is having on the relationship.

Further listening: The American Toymaker Suing Trump Over Destructive Tariffs

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What Worries Former Pentagon Chief Robert Gates Jul 21, 2025

Over many decades of public service, Robert Gates has served as secretary of defense for two presidents and the director of the CIA.
On today’s Big Take podcast, Gates sits down with host David Gura and shares his perspective on what makes this moment one of “the most perilous” in history.
It’s the first of several interviews David did with some of the biggest names in foreign policy and national security at the Aspen Security Forum. We’ll publish those conversations on The Big Take over the next couple of weeks.

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Mayor Eric Adams on the Future of New York City Jul 20, 2025

Incumbent NYC Mayor Eric Adams didn't run in the Democratic primary. But he'll be on the ballot in November, running as an independent against Zohran Mamdani and probably a couple of other candidates as well. So what is his vision for addressing affordability? What can the Mayor do about crime, trash, and other quality of life issues? On this episode of Bloomberg's Odd Lots, we're joined by Eric Adams to talk about the city's future and his plan for securing re-election.

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How Locked Shelves Broke Shopping Jul 18, 2025

If you’ve been to a store like CVS, Walgreens or Target in the last few years, you may have noticed a trend: more and more essentials are locked up behind plexiglass walls. The strategy started as an anti-theft measure. But there’s little evidence that it’s worked.

On today’s Big Take podcast, Bloomberg’s Amanda Mull takes host Sarah Holder through the causes and consequences of the retail lock-up era — and how it’s changed the way we shop.

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What Is Jane Street? And Why Are Regulators Watching It? Jul 17, 2025

Jane Street is one of Wall Street’s most profitable and secretive firms. And when Indian regulators accused it of market manipulation earlier this month, it rocked the finance world.

On today’s Big Take podcast, Bloomberg finance reporter Katherine Doherty joins host Sarah Holder to go inside Jane Street’s unique trading strategy, and what new regulatory scrutiny could mean for the high frequency trading industry.

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Murder on Rainbow Mountain Jul 16, 2025

At over 16,000 feet, Peru’s Rainbow Mountain is hard to reach — and its bright colors are hard to miss on social media.
After a community effort to build an access road and usher in tourists succeeded, fame has proven to be a blessing and a curse for the Indigenous community that sits beneath it.

On today’s Big Take podcast, Bloomberg’s Marcelo Rochabrun and Sarah Holder trace how the community turned Rainbow Mountain into a global tourism destination — and the money, violence and tragedy that followed.

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The Leaked Phone Call that Plunged Thailand Into Crisis Jul 15, 2025

A leaked phone call between Thailand's Prime Minister Paetongtarn Shinawatra and Cambodia's Hun Sen has ignited a significant political crisis in Thailand, leading to large-scale protests and her suspension from office.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Patpicha Tanakasempipat about the political fallout and its impact on the powerful Shinawatra clan, which has dominated Thai politics for almost three decades.

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How Copper Tariffs Affect Everything You Touch Jul 14, 2025

Last week, President Trump sent markets into a tizzy, when he proposed tariffs on one of the world’s most valuable commodities: Copper.

On today’s Big Take podcast, Bloomberg’s economic statecraft reporter Joe Deaux joins host David Gura to discuss the president’s ongoing push to bring copper manufacturing back to the US. Why 50% levies on copper could affect everything from your car and iPhone to the nation’s electrical grid, and what the copper industry is doing to get ahead.

Once-in-a-Generation Copper Trade Upends a $250 Billion Market

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America’s Flood Mitigation Math Problem Jul 11, 2025

On today’s Big Take podcast, we examine what the disaster in Kerr County, Texas reveals about the growing risk of flooding across the country as the climate changes — and the difficult economic choices facing communities grappling with these new risks.

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Wall Street Banks Are Battling for Japan’s Top Young Talent Jul 10, 2025

Japan’s hottest banking talent is in high demand as Wall Street goes all out to woo new hires with fancy dinners, strong-arm tactics and higher salaries.

On today’s Big Take Asia Podcast, Bloomberg’s Lisa Du talks to host K. Oanh Ha about why firms are resorting to extreme measures and the problems they face in hiring top talent.

Further listening:
Can’t Get Enough of Matcha? Too Bad – Japan Is Running Low
South Korea Has Plenty of Botox But Not Enough Doctors

Why China’s Investment Bankers Are Breaking Up With Capitalism

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OPEC+ Makes a Big Bet on Oil Demand Jul 09, 2025

OPEC+, a coalition of some of the world’s top oil producers, surprised markets over the weekend with plans to boost production by more than half a million barrels a day. The increase comes at a time when investors are worried about oversupply.

So what was behind the decision? Bloomberg’s Joumanna Bercetche breaks it all down with Big Take host David Gura from Vienna, where members of the oil cartel and executives from around the world are gathered for the Ninth OPEC International Seminar.

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China's Plans to Make AI a Utility Jul 08, 2025

In a remote part of China's northwestern Xinjiang region, dozens of data centers rise from the desert. A Bloomberg analysis of investor and tax documents and company filings found Chinese companies plan to buy more than 115,000 high-tech Nvidia chips — chips the US has banned from being exported to China – to power these centers, which could then be used for training AI models.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Andy Lin and James Mayger about the story, and what it means for China’s AI master plan.

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The White House Wanted ‘90 Deals in 90 Days.’ There’s One Day Left Jul 07, 2025

In late April, shortly after President Trump’s announcement of sweeping reciprocal tariffs sent markets reeling, the White House announced a 90-day pause on when those tariffs would go into effect.
That pause is about to end and while the Trump administration has announced a few tentative trade agreements — including one with the UK and another with Vietnam — they’re nowhere near 90.

On today’s Big Take podcast, Bloomberg’s Brendan Murray and host David Gura discuss what the White House has accomplished, what it hasn’t and where the trade war goes from here.

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A Farewell to an American Icon: The Penny Jul 04, 2025

For decades, the penny has cost more to produce than it’s worth. Now, the US government is finally stopping production of the one-cent coin for good.

So, how did we get here? And what does it mean for those little Abraham Lincolns stuck behind your couch cushions? On today’s Big Take podcast, Bloomberg’s Steven Dennis takes us through the life and death of the penny, and explores what it reveals about the way the US government works.

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With Tax Bill, Trump Ushers in New Era of Executive Power Jul 03, 2025

After weeks of legislative wrangling, the House passed President Trump’s signature tax bill, sending it to his desk just before his July 4 deadline. It's the latest in a sweep of major victories on legislative, military and legal fronts, all of which could impact how Trump enacts his agenda going forward.

On today’s Big Take podcast, Bloomberg’s White House and government editor Mario Parker joins Sarah Holder to discuss what the events of the last two weeks could mean for the rest of Trump’s term — and for the future of executive power.

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The Great Car Buying Bonanza Is (Probably) Over Jul 02, 2025

The auto sector saw buyers race to dealerships after President Trump announced 25% tariffs on car imports and parts from outside the US. And according to new data this week, sales from major automakers appear to be losing steam ahead of Trump’s July 9 tariff deadline.

Today on the Big Take, host David Gura sits down with Bloomberg’s Detroit bureau chief David Welch to break down how Trump’s trade war could impact car companies including Tesla, GM and Ford, and what that means for car buyers heading into the summer shopping season.

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The American Toymaker Suing Trump Over Destructive Tariffs Jul 01, 2025

Trump’s trade war has thrown American businesses, which source everything from aircraft parts to baby strollers from China, into chaos. Now some companies are challenging the president’s tariff rulings in the courts.

On today’s Big Take Asia Podcast, host K. Oanh Ha is joined by Rick Woldenberg, CEO of the toy company Learning Resources, and Bloomberg’s Lucille Liu, to talk about the impact of the trade war on US importers and Chinese manufacturers and what it ultimately means for American consumers.

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Cruises Are So Back — And Straining Port Cities Jun 30, 2025

The cruise industry is an outlier right now. Even as US summer travel is down, cruise companies are setting sail with record numbers of passengers this year. But as the industry tries to keep up with this demand, it’s facing growing pains in the port cities it relies on most.

On today’s Big Take podcast, Bloomberg reporter Redd Brown travels to Galveston, Texas — a port city that’s at the center of the industry’s ambitious expansion plans, and that is wrestling with the challenges that opportunity brings.

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For $10 Billion Dollars, the Lakers' Buss Family Steps Off the Court Jun 27, 2025

Late last week, the Buss family, longtime owners of the Los Angeles Lakers, announced that they would sell the franchise for a record-breaking $10 billion valuation.

On today’s Big Take podcast, host David Gura and Bloomberg’s sports business reporter Randall Williams break down what we know about the deal so far and discuss why America’s wealthiest families seem to be getting out of the game.

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Gap's Quest to Stay Cool Just Hit Its Latest Roadblock: Tariffs Jun 26, 2025

At the start of 2025, Gap was cool again. The legacy American brand had started to turn around sales and rebuild its image. It was in the middle of a splashy ad campaign with the actress Parker Posey. Influencers were posting its clothes online.

But then President Trump announced his “Liberation Day” tariffs.

On today’s Big Take podcast, Bloomberg reporters Amanda Mull and Lily Meier walk host Sarah Holder through Gap’s history, its recent re-invention and the challenges it faces now. Plus, we hear from Richard Dickson himself.

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Where the China-Iran Relationship Goes From Here Jun 25, 2025

China is Iran’s biggest trading partner, and sources about 14% of its oil from the country. Between China’s economic relationship with Iran and its ongoing trade negotiations with the US, the conflict between Israel and Iran, and especially US involvement, has put China in a difficult position.

Today on Big Take Asia, host Oanh Ha is joined by John Liu, who oversees Bloomberg’s China coverage from Beijing, to discuss what’s at stake for China in Iran and how the conflict could change China’s game plan – not just in the Middle East, but on the global stage.

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Lead Negotiator of Previous Iran Deal on the Odds of Another Jun 24, 2025

President Trump lashed out at Iran and Israel today over concerns that a ceasefire between the two was already breaking down. But going from a fragile truce to lasting peace is complicated, particularly as Iran tries to advance its nuclear ambitions.

On today’s Big Take podcast, host David Gura sits down with former US Energy Secretary Ernest Moniz, who helped negotiate an Iran deal reached in 2015, and with Bloomberg’s Nick Wadhams. They discuss the current state of Iran’s nuclear program, what’s succeeded at the negotiating table in the past and President Trump’s objectives as he tries to broker a deal.

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There’s War in the Middle East. Why Are Oil Prices Falling? Jun 23, 2025

The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.
On today’s Big Take podcast, Bloomberg Opinion’s Javier Blas and host Sarah Holder talk about the emergence of the US as the world’s largest oil producer — and how that new power dynamic is playing out in the war in Iran.

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What’s Next for Iran, Israel and the US Jun 23, 2025

The United States conducted airstrikes on three of Iran’s nuclear sites over the weekend, marking a dramatic escalation of the US’s involvement in Israel’s deepening war with Tehran.
On today’s Big Take Podcast, Bloomberg national security and intelligence reporter Natalia Drozdiak and Israel Bureau Chief Ethan Bronner join host Sarah Holder to talk through what led to President Trump’s decision to strike, how the surprise attack happened and what comes next.
Read more: A Weakened Iran Can Still Inflict Pain on the US — and the World

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President Trump’s 12 Billion Dollar Tourism Wipeout Jun 20, 2025

Global tariff wars, multi-country travel bans, detentions and phone-seizures at the border. President Trump’s “America first” policies create a grim picture for one group in particular: international tourists.

Foreign visitors to the US have been on the rise since the pandemic, with analysts previously expecting 2025 to be a bumper year for tourism. That is, until President Trump’s second term began. This drop in tourism is forecasted to cost the American economy $12.5 billion this year.

On Today’s episode of the Big Take, host David Gura sits down with Bloomberg reporter and Big Take Asia host K. Oanh Ha to look at the state of the tourism industry in the US, and where in the world tourists are going instead.

Read more:

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How China Is Building a Powerful Army of Hackers Jun 18, 2025

Teams from China used to dominate international hacking competitions, until Beijing ordered them to stop attending and take part only in domestic tournaments.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Jamie Tarabay about how tournaments are helping boost China’s cyber-espionage capabilities and what that means for the world.

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Why Trump Ditched the G-7 Summit Jun 17, 2025

President Trump was in Canada this week for the Group of Seven summit. But after dinner on Monday night, Trump left early, citing the conflict in the Middle East.

On today’s Big Take podcast, host David Gura speaks with Bloomberg’s Nick Wadhams in Calgary to unpack what Trump’s move could mean for Ukraine, the Middle East, trade — and for G-7 summits going forward.

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Where Does the Israel-Iran Conflict Go From Here? Jun 16, 2025

Conflict between Iran and Israel has been simmering for decades — but escalated rapidly in the last few days after Israel bombed key nuclear facilities in Iran.

As world leaders convene for the G-7 in Canada this week — many are concerned about the prospect of continued fighting and a broader regional conflict.

Today on the Big Take podcast, Golnar Motevalli, who covers Iran for Bloomberg, joins host Sarah Holder to discuss the on-the-ground reality in both countries, the choices facing their heads of state and what other world leaders might do to encourage a deescalation.

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Live from Hong Kong: Why China Can Afford to Wait for a Deal, and the US Can’t Jun 15, 2025

Today on the Big Take, we bring you a new episode of Trumponomics, straight from the live stage at Bloomberg’s Hong Kong Invest conference.

Stephanie Flanders leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go.

She's joined by Robin Xing, Chief China Economist at Morgan Stanley, Lotus Asset Management Chief Investment Officer Hao Hong, and Bloomberg reporter Rebecca Choong Wilkins.

Further reading: Why China Can Afford to Wait for a Deal, and the US Can’t

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Bloomberg’s Interview With UK Prime Minister Keir Starmer Jun 13, 2025

Ahead of next week’s G-7 Summit in Calgary, Canada, Bloomberg Weekend Editor-at-Large Mishal Husain sat down for an exclusive interview with British Prime Minister Keir Starmer.

The wide-ranging conversation touched on Israel’s ongoing strikes on Iran’s nuclear facilities, the US-UK trade agreement, defense spending and more.

Starmer Signals Support for 3.5% NATO Aim With Talks on Date

Update on June 16: Corrects spelling of Keir Starmer in episode description

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Everything We Know About the Air India Crash Jun 12, 2025

Moments after taking off, an Air India flight bound for London from an airport in Western India crashed with over 200 passengers on board. Hundreds have died and a search for survivors is ongoing.

On today’s Big Take podcast, Bloomberg’s Benedikt Kammel joins host Sarah Holder on what the crash of Boeing’s marquee 787 Dreamliner means for the company and the commercial aviation industry at large.

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Fed Chair Scott Bessent? The Race to Replace Jay Powell Jun 11, 2025

President Trump says his decision on who will succeed Fed Chair Jerome Powell “is coming out very soon.” And according to new reporting from Bloomberg’s Nancy Cook and Saleha Mohsin, Treasury Secretary Scott Bessent is a contender for the job.

On today’s Big Take podcast, Nancy and Saleha join host David Gura to discuss the president’s Apprentice-style approach to selecting a Fed Chair, what he wants in Powell’s replacement and how that might impact Fed independence.

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The US and China’s High-Stakes Diplomacy Jun 10, 2025

Representatives for the US and China are in London this week trying to hammer out a potential trade deal. But with US access to China’s rare-earth minerals and China’s access to US semiconductor chips on the table, common ground has been hard to come by.

On today’s episode, Big Take host Sarah Holder speaks to Bloomberg’s Brendan Murray, who’s on the ground in London. And Big Take Asia host K Oanh Ha talks to Bloomberg’s John Liu about China’s thinking and what a deal could mean for both countries.

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The New Economics of Broadway Jun 06, 2025

Broadway has always been a high-risk, high-reward kind of business — but with costs to mount a productionhigher than ever, producers are leaning into new strategies to try to recoup investments. Now, as Broadway wraps its highest-grossing season on record, the hottest tickets to celebrity-studded shows are going for upwards of $800.

On today’s Big Take podcast, we speak with two Tony Award-winning producers, Daryl Roth and Lucas Katler, about what it takes to succeed these days in show business, and we hear from Bloomberg Pursuits’ Chris Rovzar about what Broadway’s new economic reality means for tourism, for art and for what audiences pay at the box office.

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Looking for a Job? The World Desperately Needs Engineers Jun 05, 2025

There's a vital puzzle piece missing as rich nations aim to transform their electricity grids for the AI age: millions of skilled engineers.
On today’s Big Take podcast, Bloomberg’s Akshat Rathi joins host Sarah Holder to break down how labor shortages in the electrification industry are slowing down the green energy transition and what it would take to turn things around. Plus, the one country bucking the trend.
Read more: The Missing Engineers
Listen more: A skilled worker shortage is becoming an ‘existential’ problem for the energy transition: Bottleneck Series

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What’s Driving Europe’s Political Shift to the Right? Jun 04, 2025

Poland’s election of a Trump-backed conservative nationalist president early this week is part of a larger shift to the right across the European continent: Much like in the US, conservative, nationalist and right-wing parties are gaining traction.
On today’s Big Take podcast, Bloomberg’s Rodney Jefferson and David Gura discuss the growing cultural divide behind Europe’s rising conservative movements and what their growth could mean for migration, climate policy and the future of the EU.

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Nintendo's Big Bet on Switch 2 Jun 03, 2025

The Nintendo Switch has generated some $100 billion in sales for the Japanese gaming giant since its launch in 2017, propelling the company’s shares to record highs.

Now the game-maker is under pressure to do even better with the new Switch 2, out this week. On today’s Big Take Asia Podcast, Bloomberg Opinion’s Gearoid Reidy joins host K. Oanh Ha to talk about why the Switch 2 is so important to Nintendo’s business and whether it can live up to the hype.

Read more: If the Switch 2 Stumbles, Nintendo Has No Plan B

Watch, from Originals: Nintendo’s High-Stakes Bet on the Switch 2
Further listening: A Turning Point in Trump’s Trade War

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A Turning Point in Trump’s Trade War Jun 02, 2025

We’re more than halfway through the 90-day pause on President Trump’s sweeping reciprocal tariffs. That three-month delay was supposed to give the US time to negotiate trade deals with countries around the world. And while talks are ongoing, many deals still seem out of reach. Now, legal challenges to Trump’s tariff strategy have thrown another wrench in the administration’s plans.

On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg’s Brendan Murray to hear a status report on the latest steel tariff hikes and trade negotiations, and with legal reporter Erik Larson to explore how the courts could upend Trump’s agenda.

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The Dollar’s Dominance is Unwinding in Asia May 30, 2025

As Donald Trump tries to remake global trade, the dollar’s historic dominance in Asia is under pressure. After Taiwan’s currency saw the biggest surge against the dollar in almost 40 years in early May, some money managers are saying the spike signals the acceleration of a bigger trend of moving investments back home.

On today’s Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg’s Ruth Carson about what’s driving Asia’s shift away from the greenback and what a rewiring of global financial ties means for the region’s biggest economies.
Further listening: Carry Trades, Explained
Could the Chinese Yuan Ever Replace the US Dollar?

Watch, from Originals: Why the US Is Getting Downgraded

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Where to Go If You Need a CEO May 29, 2025

For decades, General Electric — the conglomerate known for making everything from trains to microwaves — was also known for churning out executives. Time spent at the company’s Crotonville campus was seen as the gold standard for leadership training in Corporate America. But as GE has lost its luster, a new CEO pipeline has emerged.
On today’s Big Take podcast, Bloomberg work and management reporter Matt Boyle joins host David Gura to share what he’s discovered about where tomorrow's CEOs are learning to lead — and what it means for global business.

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The Financial Stakes of Trump’s Attacks on Harvard May 28, 2025

The Trump administration has ramped up its attacks on Harvard University — threatening its tax-exempt status, federal funding and its ability to enroll international students.

On today’s Big Take podcast, Bloomberg’s Brooke Sutherland and Francesca Maglione join host David Gura to unpack the latest developments and how they could ripple beyond the bounds of Harvard’s campus.

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The MAGA-ification of Mark Zuckerberg May 27, 2025

Meta CEO Mark Zuckerberg has been going through a bit of a MAGA rebrand, complete with a new look — gold chains, grown-out hair, custom boxy, black T-shirts — and appearances on so-called manosphere podcasts hosted by MAGA-friendly comedians like Theo Von and Joe Rogan.
Those changes have translated to his company, too. Since January, Meta has rolled back diversity efforts, weakened hate speech policies, disbanded its civil-rights team, eliminated its outside fact-checking system and added a prominent Trump ally to its board of directors.

On today’s Big Take podcast, Bloomberg’s Riley Griffin joins host Sarah Holder to discuss the political evolution of Mark Zuckerberg: What he hopes to gain from getting closer to Trump and what he has to show for it.

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They Bought Dream Homes in Tulum. Then Came the Nightmare May 26, 2025

Tulum, Mexico has exploded in popularity since the early years of the pandemic. The area’s few Covid restrictions, picturesque beaches and laidback vibes attracted lockdown-weary travelers and helped trigger a real estate boom.

On today’s Big Take podcast, Bloomberg reporters Andrea Navarro and Tanaz Meghjani join host Sarah Holder to discuss the dark side of a pandemic-era development spree in Tulum that has left a trail of ripped off investors, millions of dollars in missing cash and even two bodies in its wake.

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Are Current Beauty Trends Recession Indicators? It’s Complicated. May 23, 2025

In 2001, it was lipstick. After the 2008 financial crisis, it was DIY haircuts. In times of economic turmoil, consumers tend to change the way they spend on makeup and beauty. So what is the beauty industry telling us now about the state of the US economy?

On today’s Big Take podcast, Bloomberg’s Ben Steverman visits a beauty convention and talks to masseuses and hair stylists about the trends they’re seeing in their salons, and cosmetics reporter Jeannette Neumann crunches the numbers on how these consumer behaviors are hitting companies’ bottom lines.

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Who Is the Mysterious Founder of China’s DeepSeek? May 22, 2025

Despite the global hype around China’s DeepSeek, very little is known about the man behind it – Liang Wenfeng.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Saritha Rai about the tech founder who led DeepSeek to the frontline of AI advances and what the company’s rise tells us about the battle for AI dominance.

Further listening: Why DeepSeek Sent Nvidia, Other Tech Stocks Tumbling

Watch, from Originals: How China’s DeepSeek Came for Big AI

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At 83, Media Mogul Barry Diller Is Ready to Tell His Story May 21, 2025

After decades in the public eye, 83-year-old media mogul and Fox co-founder Barry Diller is finally ready to tell his story.

On today’s Big Take podcast, Diller joins host David Gura to talk about his new memoir, Who Knew, his storied career as an entertainment executive and his decision to speak publicly about his sexuality for the first time. Plus, how he’s navigating President Trump’s shifting trade and regulatory policies.

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Bloomberg’s Elon Musk Interview May 20, 2025

On stage at the Qatar Economic Forum on Tuesday, editor at large for Bloomberg Weekend Mishal Husain conducted a nearly 40-minute, wide-ranging interview with billionaire Elon Musk.

Husain asked Musk about his future at Tesla, his ongoing feud with OpenAI CEO Sam Altman, the possibility of Starlink going public and more. At times, the conversation grew heated, particularly when Mishal asked about reports of his communication with Russian President Vladimir Putin.

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Did Apple Sleep Through the AI Revolution? May 18, 2025

Over the past year, Apple has pulled out all the stops to tout shiny new AI tools: from big presentations at its Worldwide Developers Conference to ads featuring The Last of Us star Bella Ramsey. Now, the company is facing questions about what it’s promised versus what it’s delivered.

On today’s Big Take podcast, Bloomberg’s Mark Gurman takes host Sarah Holder inside the company’s efforts to keep up on AI and what it needs to do next to stay in the game.

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What It Takes to Negotiate With China May 16, 2025

As of this week, the trade war between the US and China is on pause, with both sides hoping to agree on a new trade deal by early August. But questions remain about how realistic that timetable could be, given the challenges facing the world’s two largest economies, who both collaborate and compete with one another.

On today’s Big Take podcast, Former US Ambassador to China Nicholas Burns joins host David Gura to discuss the trade war, the challenges facing his successor and what he’s telling foreign policy students who are worried about the future of diplomacy. “We’ve gotta steel ourselves for the next decade or two to a historic competition with China. And China right now is stronger.”

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Small Towns Are Getting Hooked on ICE Detention May 14, 2025

Like a growing number of US communities, Torrance County, New Mexico, is convinced its financial survival depends on locking immigrants up. A lucrative ICE contract keeps a private detention facility open that local politicians say the area needs.

On today’s Big Take podcast, Bloomberg reporters Rachel Adams-Heard and Fola Akinnibi examine how these private facilities are becoming key to the US government’s immigration crackdown – and the financial incentives making it harder for small communities to quit them.

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What's Behind the World's Matcha Shortage May 09, 2025

Japan has a matcha shortage despite record levels of production. Shops are selling out of the green tea powder as soon as they hit the shelves.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Mia Glass about the world’s obsession with matcha – and why producers can’t keep up with the rising demand.

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Big Tech Is on Trial. What That Means for the Future of the Internet May 08, 2025

Google has lost two antitrust cases in the past year; Meta is currently in court over alleged anti-competitive behavior. Big Tech is in a moment of reckoning that could reshape the industry – and your internet use – for decades to come.

Today on the Big Take podcast, Bloomberg’s Sarah Frier and Sara Forden join host Sarah Holder to unpack the trials seeking to rein in Silicon Valley. Will the antitrust cases against Google and Meta help innovation flourish, or kill America’s chances at AI dominance?

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Telemarketers’ New Trick to Sell Bare-Bones Health Plans May 07, 2025

A few years ago, a former sitcom writer came up with a weird way to sell Americans cheap health plans, using a loophole in the Affordable Care Act. More than 100,000 households have signed up, but many say the coverage isn’t what they were promised.

On today’s Big Take podcast, Bloomberg reporter Zach Mider shares what he learned while investigating the plans and what it could mean for the American health-care system if more people turn to them.

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How a CEO’s Faked Results Led to a $300 Million Wipeout May 06, 2025

In late 2018, five years after launching fish-feeding company eFishery, Gibran Huzaifah found himself all out of cash. To save his business, the CEO started plugging fake numbers into financial reports. The brighter picture drew hundreds of millions of investor dollars. But his house of cards was doomed to collapse.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's David Ramli about the fall of eFishery and what it says about the risks of venture capital investing.

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Warren Buffett Passes the Baton May 05, 2025

Warren Buffett shocked shareholders when he announced he’d be stepping down as CEO of Berkshire Hathaway. The 94-year-old business giant had been running the behemoth company for more than 50 years, and his investment decisions have earned him the nickname the “Oracle of Omaha.”

On today’s Big Take podcast, Bloomberg senior markets editor and Opinion columnist John Authers unpacks how Warren Buffett changed investing, what it would take for successors to fill his shoes and whether Berkshire Hathaway is headed for a break-up.

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Your Morning Commute Could Get Way Worse May 02, 2025

At the height of the Covid-19 pandemic, the US government stepped in with aid to keep mass transit agencies afloat. But that money is running out and ridership hasn’t rebounded.
On today’s Big Take podcast, Bloomberg’s Sri Taylor and Aaron Gordon join host David Gura to discuss why advocates now fear many transit systems are on the verge of a so-called “death spiral” — a vicious cycle of less funding, low ridership and cuts to services that could impact everyone’s commute.

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Earnings Are In. Companies Can’t Hide From Tariffs Anymore May 01, 2025

One month after Trump’s “Liberation Day” tariffs, Q1 earnings reports for a range of US companies are in.

On today’s episode, Bloomberg’s Shelly Banjo joins host Sarah Holder to talk through what those reports are revealing about companies’ reactions to Trump’s trade war. Are they pausing, pivoting or panicking?

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Why Eggs Are So Expensive Right Now Feb 21, 2025

The price of eggs was up 15% in January, driving overall inflation higher. The cause? Bird flu.
We’re joined by farmer Jim Hayes, as well as the hosts of Bloomberg’s Odd Lots podcast, Joe Weisenthal and Tracy Alloway, to talk about how bird flu threatens the chicken supply chain and public health — and what, if anything, can be done to lower egg prices.

Listen to Beak Capitalism from Odd Lots.

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Undocumented Workers Helped Build Elon Musk’s Tesla Gigafactory Feb 19, 2025

Over the last four-and-a-half years, the footprint of Elon Musk’s Texas business empire has undergone rapid expansion. It now includes SpaceX facilities and a sprawling Tesla gigafactory outside the state capital.
New Bloomberg reporting shows that undocumented workers helped to build some facilities — even as Musk ratcheted up his anti-immigration rhetoric and advocated for a border crackdown.
On today’s Big Take podcast, Bloomberg’s Julia Love investigated how undocumented workers ended up at these sites — and the conditions they encountered — and joined host Sarah Holder to share what she found.

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How Amazon Rival Temu Got Sucked Into Trump’s Trade War Feb 18, 2025

Since its US launch in 2022, Chinese marketplace Temu has rapidly risen to become America’s biggest e-commerce platform after Amazon, thanks to ultra-low prices on almost every product imaginable.

On today’s Big Take Asia Podcast, host K. Oanh Ha speaks to Bloomberg’s Spencer Soper and Rachel Chang about Donald Trump’s order to close a tariff loophole and what it means for American shoppers and the giants supplying them with goods direct from China.

Further listening: The Tariff Wars Are Here — And They’re Messy

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How a Libertarian Island Experiment Became an $11 Billion Nightmare Feb 17, 2025

Prospera is a city-state operated by a private company on the Honduran island of Roatan. It offers businesses single-digit tax rates and the ability to choose their own regulations. Its proponents have touted it as a poverty relief initiative for the country and as the most ambitious experiment in self-governance ever undertaken.
But that dream is now facing an existential crisis. A little more than a decade after Honduras changed its constitution to allow for places like Prospera, a new political party is in charge — and they’re looking to shut the whole thing down.
On today’s Big Take podcast, Bloomberg Industry Group’s Umar Farooq and Bloomberg’s Michael McDonald join host Sarah Holder to break down the $11 billion battle over the fate of a special economic zone in the Caribbean.

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It’s Not You. There’s a Dating Recession Happening Right Now Feb 14, 2025

This Valentine’s Day, as many as 13 million more Americans are single than before the pandemic.

On today’s Big Take podcast, Bloomberg reporter Ben Steverman shares what he’s learned about the cause of this love slump and how it’s taking a toll on Americans’ hearts and on the US economy. And host Sarah Holder meets a group of singles taking matters into their own hands.

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How Intel Lost Its Edge Feb 12, 2025

Intel invented computer processors and was a dominant supplier of chips for decades. Now AI is fuelling record demand for next-generation chips. But Bloomberg’s Ian King says Intel is no longer the go-to partner for the global tech industry, and the company is at risk of disappearing. What went wrong?

Today on the show: The rise and fall of Intel, and where it could go from here.

Read Ian King’s coverage of Intel.

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China’s New Game Plan for Dealing With Trump Tariffs Feb 11, 2025

As US President Donald Trump imposes new tariffs on China, Xi Jinping's government has had a far more muted response than it did during the trade war in Trump’s first term.

On today’s Big Take Asia Podcast, host K. Oanh Ha is joined by Bloomberg editor Jenni Marsh and Bloomberg Opinion columnist Shuli Ren to unpack China’s response to Trump’s barrage of tariffs and discuss what’s at risk for both countries if they find themselves in another trade war.

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For European Start-Ups, Valuation Depends On Location, Location, Location Feb 10, 2025

Financial markets in Europe have long been fragmented and constrained, driving home-grown startups to list and raise capital in the US. Now, Europe is trying to reverse the trend. Can it hold onto innovative firms — and talent?

Today on the show, host Sarah Holder talks to Bloomberg’s Sagarika Jaisinghani about why location matters so much for startups and what Europe’s challenges mean for the region’s economic outlook.
Read more: Broken Markets Hold Back Europe as Trump Amps Up the Pressure

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How Much Is a Wall Street Bonus Really Worth? Feb 07, 2025

It’s bonus season on Wall Street. But if you work for a bank, you know that the number you’re quoted is almost never the number you get when it comes time for that bonus to pay out.

On today’s Big Take podcast, global finance reporter Laura Noonan shares what she learned by crunching the numbers on which banks deliver more or less than they promised.

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What Economists Talk About When They Talk About AI Feb 05, 2025

Silicon Valley tech leaders have been brimming with optimism in recent years about the future of artificial intelligence — and investors have bet big on the transformational power of the technology.

Then last week, China’s DeepSeek emerged as a disruptive force and the value of Nvidia Corp. fell by half a trillion dollars. More than ever, investors are wondering about whether big bets on AI will pay off in the long run.
Bloomberg Economics Chief Economist Tom Orlik sees three cases for how AI could reshape the global economy, ranging from the rosy to the dystopian. On today’s Big Take podcast, he and host David Gura break them down and explore what that future may hold not just for companies and investors — but for us all.
Read more: AI Has Rocked the Stock Market, But What Will It Do for the Economy?

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What's Behind Gold's Record Rally Jan 31, 2025

Shuibei, in southern China, is home to one of the world's biggest retail markets for gold. Over the past year, it's seen a boom in demand for the jewelry, sold by thousands of stallholders, as the Chinese property crisis and slowing economy spurred a flight into gold. So much so that Chinese consumers helped propel the global gold price to record highs in 2024.

On today's Big Take Asia podcast, K. Oanh Ha talks to Bloomberg's Chongjing Li about the enduring appeal of the precious metal in China, and what lies ahead.

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A Uranium Mine, the Navajo Nation and a Six-Month Standoff Jan 30, 2025

On Wednesday, the Navajo Nation and the mining company, Energy Fuels Inc., announced a new agreement detailing how uranium could be transported through tribal lands.

The agreement ends a stalemate between the two parties. And it comes at a time when interest in nuclear energy — and the cost of the uranium that fuels it — is surging.

On today’s Big Take podcast, Bloomberg’s Jacob Lorinc joins host Sarah Holder to break down the painful history of uranium mining in the Navajo Nation and what the dispute reveals about the human costs of “clean power.”

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How Trump and Musk Are Testing Boeing’s Path to Recovery Jan 29, 2025

It’s been a tough stretch for Boeing. Its new CEO Kelly Ortberg is trying to rebuild public trust and turn the company’s finances around, all while navigating pressure from President Trump to deliver new Air Force One jets and working with the founder of one of Boeing’s chief rivals, Elon Musk.

On today’s Big Take podcast, Bloomberg senior aerospace reporter Julie Johnsson joins host David Gura to explain the turbulent road ahead for the US planemaker.

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Tariffs Could Hit Canada Soon. Its Ex-Finance Minister Wants to Hit Back Jan 28, 2025

Chrystia Freeland sent shockwaves through Canada when she resigned as Prime Minister Justin Trudeau’s Finance Minister in December. Her public resignation letter blasted Trudeau for not doing enough to prepare for the second Trump administration. Now, she’s running to replace him.
Freeland sat down with Big Take host David Gura in Toronto on Tuesday to discuss her views on US-Canada trade, and how she says she would negotiate with Trump if she becomes Canada’s next leader.

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The DeepSeek Freak Out Jan 27, 2025

The AI chatbot from DeepSeek, a Chinese company, rocketed to the top of US app stores over the weekend — and sent US tech shares plummeting Monday morning. The US has been trying to choke off China’s access to cutting-edge AI chips, but DeepSeek claims it’s still managed to develop tech that rivals ChatGPT and its competitors at a fraction of the cost.

Today on the show, Bloomberg’s Jackie Davalos on what DeepSeek’s models can do, why they’ve sent tech stocks tumbling — and what kind of pressure they could put on the US AI industry.

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Influencers Fueled Zyn’s Rise. Could the Attention Backfire? Jan 24, 2025

Zyn nicotine pouches hit the market as a run-of-the-mill tobacco-replacement product, but over the past few years, they’ve gone viral thanks to so-called “Zynfluencers”: content creators who post about Zyn. They’re not paid by Zyn’s parent company Philip Morris, and while the online hype has likely helped sales, it also presents risks for the tobacco giant.

Today on the show, Bloomberg Businessweek writer Ellen Huet joins host Sarah Holder to discuss what could become an existential question: Can the company ride the Zynfluencer wave without getting in trouble if kids get hooked?

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Is Work From Home Officially Over? Jan 23, 2025

As President Trump and JPMorgan CEO Jamie Dimon require workers to come back to the office full-time, the costs and benefits of remote versus in-office work are still up for debate. Bloomberg’s work and management editor Heather Landy says many CEOs are at odds with their employees and what they want.

On today’s Big Take podcast, Landy joins host David Gura to explain what’s behind the return-to-office trend and how US workers feel about it.

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Americans Flocked to RedNote as the TikTok Ban Loomed. Will the Party Last? Jan 21, 2025

The US ban on TikTok saw millions of users – predominantly Americans – flock to another Chinese social media platform: Xiaohongshu, also known as RedNote. So far, the vibe between Chinese and American users has been convivial.

But can the good times last? On today’s Big Take Asia Podcast, host K. Oanh Ha is joined by a TikTok user from Mississippi who recently joined RedNote and by Bloomberg reporter Gao Yuan to discuss what this sudden influx means for the app, its users and China’s censorship machine.

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The Second Trump Era Begins Jan 21, 2025

On Monday at the US Capitol, Donald Trump was sworn in as the 47th American President. He then took to the podium to make his inaugural address and, shortly after, gave a rally-style speech for his supporters.

Today on the show, Washington, DC bureau chief Peggy Collins joins host Sarah Holder to discuss what Trump’s first remarks say about his priorities for the next four years.

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Antony Blinken: The Exit Interview Jan 18, 2025

In his final month as the United States’ chief diplomat, Secretary of State Antony Blinken raced around the globe, responding to conflicts in the Middle East and the latest developments in the war in Ukraine.

During a stop in New York, he sat down with host David Gura to talk about how he is preparing to hand over the country’s sprawling foreign policy portfolio to the incoming Trump administration.

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Janet Yellen: The Exit Interview Jan 18, 2025

Treasury Secretary Janet Yellen has been a fixture in the economic policy world for decades. She was President Clinton’s chief economic adviser, a Federal Reserve governor and served as Fed Chair under President Obama.

As her tenure at Treasury comes to an end, Yellen sits down with host David Gura to discuss the possibility of additional sanctions on Russian oil and communication between the US and China, and she reflects on her long career as a pioneering economic policymaker.

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Gary Gensler: The Exit Interview Jan 18, 2025

Gary Gensler’s tenure as Wall Street’s top regulator is coming to an end, and the US Securities and Exchange Commission chair is reflecting on his time at the agency.

In an interview with host David Gura, Gensler responds to his critics, discusses his concerns about AI, China and crypto — and shares the advice he gave President-elect Trump’s pick to replace him.

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What Higher Bond Yields Mean for Markets and Everyday Borrowers Jan 17, 2025

The relentless rise in government bond yields has Wall Street worried. Higher treasury yields can impact borrowing costs on everything from mortgage rates to auto loans.

Today on the show, host David Gura talks to Bloomberg’s Liz McCormick about why bond yields have been climbing, and what the consequences could be for consumers, markets and the economy.

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The Israel-Hamas Ceasefire Deal and What Comes Next Jan 16, 2025

After 15 months of a grueling war that has claimed tens of thousands of lives, Israel and Hamas agreed to phase one of a ceasefire deal on Wednesday. The agreement will create a pause in fighting that will allow critical aid to reach Gaza, and begin an exchange of hostages held in Gaza and Palestinian prisoners held by Israel.

But the next phases of negotiations are expected to be more complicated — and it’s unclear if this pause in fighting will hold.

On today’s Big Take podcast, Israel bureau chief Ethan Bronner and Fares Alghoul, who covers Gaza, join host Sarah Holder to discuss the details of the ceasefire deal, how it finally came together, and what lies ahead for Israel, Gaza and the region.

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South Korea Has Plenty of Botox But Not Enough Doctors Jan 14, 2025

A record 600,000 people traveled to South Korea for medical procedures in 2023, with roughly half of those visiting dermatology and plastic surgery clinics.

On today's Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg's Oanh Ha about the rise of the medical tourism industry, and how it’s colliding with a shrinking supply of doctors and a struggling medical system.

Further listening: Netflix’s Big Bet On ‘Squid Game’

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Time Runs Short on TikTok in the US Jan 13, 2025

The US Supreme Court is set to rule on TikTok’s fate this week.

The social media platform is in court challenging a law that would force its Chinese parent company ByteDance into a sale or face a US TikTok ban. After hearing oral arguments for and against the ban, the Supreme Court appears poised to uphold it. It would go into effect on Sunday.
But incoming President Donald Trump will be sworn in the following day, and could scramble whatever decision is reached this week.

Legal editor Sara Forden joins Big Take host Sarah Holder to discuss the case and what a ban would mean for TikTok users, competitor tech platforms and US-China relations.

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Gary Gensler: The Exit Interview Jan 10, 2025

Gary Gensler’s tenure as Wall Street’s top regulator is coming to an end, and the US Securities and Exchange Commission chair is reflecting on his time at the agency.

In an interview with host David Gura, Gensler responds to his critics, discusses his concerns about AI, China and crypto — and shares the advice he gave President-elect Trump’s pick to replace him.

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A Wildfire Disaster and an Insurance Crisis Collide in Los Angeles Jan 09, 2025

Deadly wildfires in the Los Angeles area have forced nearly 180,000 residents to evacuate their homes. As they wait to learn the extent of the damage, another crisis is on the horizon: whether private and state-funded insurance can handle a disaster on track to be one the worst in the region’s history.

Today on the show, Bloomberg Green reporter Leslie Kaufman discusses why this fire has been so destructive and the state of wildfire insurance in California.

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Inflation Claims Another Incumbent, This Time in Canada Jan 07, 2025

On Monday, Canada’s Prime Minister Justin Trudeau announced he was resigning — the latest in a series of incumbents around the world who’ve been ousted or stepped aside as their countries grapple with the effects of inflation.

Today on the show, Bloomberg reporter Brian Platt joins host Sarah Holder to track Trudeau’s rise and fall. Platt explains how housing costs, a surge in immigration and the loss of a key party ally pushed Trudeau to step down — and where Canada goes from here.

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OpenAI’s Sam Altman Sits Down With Bloomberg Businessweek Jan 06, 2025

After CEO Sam Altman was dramatically fired and rehired in November 2023, he got right back to work building up OpenAI, best known for ChatGPT.

Now, about a year after that leadership upheaval, and two years after the seismic launch of that chat bot, Altman sat down with Josh Tyrangiel for a wide-ranging interview. Josh joined David Gura to talk about Altman’s evolution from Silicon Valley venture capitalist to a leader of the AI revolution, and how Altman is approaching the future of OpenAI — and planning to navigate the next four years under the Trump administration.

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The Human Egg Trade: Episode 3 - The Journey Jan 04, 2025

A new series from the Big Take podcast investigates the booming market for human eggs.

In this episode, host Sarah Holder and Bloomberg’s Jessica Brice focus on the Kemptons, an Australian couple who needed donor eggs to get pregnant. They wanted access to a market they felt offered transparency. They especially wanted information about potential donors. What followed was an around-the-world quest to create a family — filled with promise, gutting losses and extreme cost.

Read more:

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Netflix’s Big Bet On ‘Squid Game’ Dec 24, 2024

The gory, dystopian South Korean thriller Squid Game is the most popular series Netflix has ever released. This week, it drops season two — in the midst of the company’s efforts to grow the show beyond the screen.

On today’s Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg’s Sohee Kim and Lucas Shaw about the new season, the story of how the show was nearly never made and all the ways Netflix is trying to expand Squid Game into a global franchise — from reality TV and video games to in-person fan experiences.

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The Weight-Loss Drug Boom’s Prescription Problem Dec 23, 2024

Drugs like Ozempic and Wegovy have skyrocketed in popularity over the past few years. To capitalize on that demand, telehealth companies started offering compounded versions of those drugs. That’s made them easier to access, but it’s also introduced new potential risks for people recovering from eating disorders like anorexia.

On today’s Big Take podcast, Bloomberg reporter Madison Muller joins host Sarah Holder to share what she’s learned about the ways telehealth can make it easier for people to get prescriptions that could harm them.

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The Human Egg Trade: Episode 2 - The Theft Dec 20, 2024

A new series from the Big Take podcast investigates the booming market for human eggs. It’s a global and opaque market where demand is so great, that even where regulations are in place, there are powerful incentives to evade them.

In this episode, host Sarah Holder and Bloomberg’s Vernon Silver focus on one fertility clinic in Greece that police say stole the eggs of as many as 75 women. It’s a story that shows how the actions of one clinic can have ripple effects around the world and reveals the unique ways that the fertility industry runs not only on capital, but on trust.

Read more from Bloomberg Businessweek: The Egg

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The Race for Asylum Before Trump Takes Office Dec 18, 2024

Tens of thousands of migrants in Mexico are currently in limbo after new policies put in place there and in the US changed the process for how people seek asylum. Now, with President-elect Trump promising an immigration crackdown as soon as he takes office, some asylum-seekers are anxious to make it into the US before Inauguration Day.

On today’s Big Take podcast, Bloomberg reporter Alex Vasquez joins host Sarah Holder to explain the complex intersection of these policies and to share the story of one family navigating that system.

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China Had a Plan to Rescue Its Housing Market. It’s Not Working Dec 17, 2024

China’s property crisis has become a massive headache for the world’s second-largest economy. Tens of millions of newly built apartments lie vacant, home prices have tumbled and cash-strapped developers are struggling to finish construction.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Lulu Chen about what China is doing to try and solve its housing crisis. We go to Zhengzhou, home to the world’s biggest iPhone factory and the city where the housing market first imploded. It's now become a testing ground for government efforts to revive the ailing property sector. We look at whether they’re working, and what it will mean for China’s economy if the big push fails.

Further listening: What Comes Next in China’s Property Crisis

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Germany’s Economy Is Facing a Slow-Moving Disaster Dec 16, 2024

Germany’s economy is stagnating; households have less disposable income, and businesses report having less faith in the future. Once the growth engine of Europe, the country has gradually been losing its competitive edge. Now, economic anxieties have fuelled a political crisis that led to Monday’s no confidence vote in the German government.

On today’s Big Take podcast, Bloomberg’s Chris Reiter talks to host Sarah Holder about the consequences of Germany’s economic troubles — for the country and for Europe — and what it could take to turn things around.

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The Human Egg Trade: Episode 1 - The Lie Dec 13, 2024

A new series from the Big Take podcast investigates the booming market for human eggs. It’s a global and opaque market where demand is so great, that even where regulations are in place, there are powerful incentives to evade them.
In this episode, host Sarah Holder is joined by Bloomberg’s Natalie Obiko Pearson to unpack an investigation in India that revealed how far some people will go to get a cut of this trade, even if it means exploiting a child.
Read more from Bloomberg Businessweek: The Egg
Plus, watch the documentary from Bloomberg Originals: Inside India's Fertility Underworld

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Janet Yellen: The Exit Interview Dec 12, 2024

Treasury Secretary Janet Yellen has been a fixture in the economic policy world for decades. She was President Clinton’s chief economic adviser, a Federal Reserve governor and served as Fed Chair under President Obama.

As her tenure at Treasury comes to an end, Yellen sits down with host David Gura to discuss the possibility of additional sanctions on Russian oil and communication between the US and China, and she reflects on her long career as a pioneering economic policymaker.

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The Most Powerful Families in South Korea Brace for the Next Revolt Dec 11, 2024

South Korea’s family-run conglomerates – or chaebols – have been big drivers of economic growth, and because of that they’ve largely been seen as untouchable. Until now. The chaebols are being challenged, at a time when the stakes have potentially never been higher, with the country mired in political turmoil.
On today’s Big Take Asia Podcast, Rebecca Choong Wilkins talks to Bloomberg reporter Youkyung Lee about how a surprise takeover bid for one of the world’s biggest refined metal producers, Korea Zinc, is sending a chill through the chaebol world.
Read more: Powerful Families Who Dominate South Korea Face an Investor Revolt
Further listening: The Six Hours of Martial Law That Stunned South Korea

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Inside UnitedHealthcare in the Days After CEO Shooting Dec 10, 2024

Since UnitedHealthcare CEO Brian Thompson was killed last week, there’s been a deluge of posts on social media expressing rage at the insurance industry and solidarity with the shooter.

Bloomberg reporter Riley Griffin joins Big Take host David Gura to discuss what the shooting revealed about public sentiment toward American health care, and how United and its peers are responding to the attack and its aftermath.

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The Middle East After Assad Dec 09, 2024

After rebels took Syria’s capital, President Bashar Al-Assad fled Damascus for Russia, ending his brutal 24-year reign. His ouster marks the beginning of a new, uncertain phase for a country that’s been ravaged by 13 years of civil war.

On today’s Big Take podcast, Bloomberg’s Paul Wallace joins host Sarah Holder to discuss how Assad’s toppling has opened up a power vacuum in Syria — and what it means for the Middle East, the Syrian people and the world.

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The Six Hours of Martial Law That Stunned South Korea Dec 05, 2024

In an address broadcast live on Tuesday night, South Korean President Yoon Suk Yeol declared martial law in a move that shocked the nation – and the world. But within hours, after lawmakers unanimously rejected the move and protesters converged on parliament, Yoon went on live television again and backed down, promising to lift the emergency measure.

On today's Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Sam Kim in Seoul to break down the stunning turn of events. They talk about what happened on the ground during the brief period of martial law, and what the political chaos means for an emerging democracy that remains a key military ally and trading partner of the US.

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After No-Confidence Vote, France Faces Tumult and Uncertainty Dec 05, 2024

The government of French President Emmanuel Macron collapsed Wednesday after losing a no-confidence vote. The outcome brings the country one step closer to a far-right government — the one thing President Macron has sought to avoid at all costs.

Bloomberg’s Stephen Carroll and Big Take co-host David Gura break down the current pressures on France’s government, what led to the vote and what we know about what comes next.

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A Holiday Splurge for Companies? Their Own Shares Dec 03, 2024

For companies with extra cash, it's a popular season for buying back their own shares. In the past few years alone, publicly traded companies in the US executed hundreds of billions worth of stock buybacks. And 2024 is on track to be the biggest year in buybacks ever.

So how do they work? And what’s behind their rise in popularity? Bloomberg reporter Lu Wang joins Big Take co-hosts David Gura and Sarah Holder to explain the logic behind buybacks, and unpack who wins and who loses when companies turn to them.

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Airlines Are Cashing in on ‘Premiumization’ Nov 29, 2024

If you’ve bought an airplane ticket recently, you may have noticed that there are a lot more options to choose from — and a lot more line items to pay for. It’s all part of airlines’ strategy of “premiumization.” And it’s why the front of the plane is getting cushier, while coach can feel like a low-cost shakedown.

On today’s Big Take podcast, Bloomberg Businessweek senior reporter Amanda Mull joins host Sarah Holder to discuss how airlines are rethinking their pricing — and what it means for airline revenue and your flight experience.

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Beak Capitalism: What Chicken Tells Us About Inflation Nov 28, 2024

What can the humble chicken reveal about the economic conditions shaping our lives? Turns out, a lot.

Understanding the chicken industry can help explain some of the thorniest issues facing the US economy. In “Beak Capitalism,” a new three-part series, Odd Lots hosts Joe Weisenthal and Tracy Alloway trace chicken from the farm to the factory to the table.

In the first episode, they examine the consumer side of the industry – including the chicken sandwiches war back in 2019 and the rising cost of eggs.

Further listening: Beak Capitalism, Part 2: The Chickenization of Everything

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How Sports Betting Is Changing the NFL for Fans and Players Nov 27, 2024

Gambling on sports is now legal in almost 40 states in the US, and pro-football is at the center of the rapidly growing, multibillion dollar industry that’s cropped up since the Supreme Court paved the way for it in 2018.

Big Take host David Gura joins Bloomberg’s Jason Kelly, who co-hosts The Deal podcast with Alex Rodriguez, to discuss the ways that the normalization of betting culture is impacting the NFL, its athletes and its fans.
Read more: ‘I’m So Scared’: NFL Players on How Betting Changes the Sport

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The $250 Million Bribery Charges Rocking the Adani Empire – and India Nov 26, 2024

India’s Gautam Adani, one of the world’s richest men, was charged last week by US prosecutors over his alleged involvement in a $250 million bribery scheme. The indictment sent the stocks and bonds of Adani’s vast conglomerate tumbling and is the second governance crisis to hit the group in two years.

On today’s Big Take Asia Podcast, host K. Oanh Ha and Bloomberg’s Menaka Doshi discuss what the charges mean for Adani’s empire and corporate India, and the implications for US-India relations.

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New York City’s Big Battle Over Broker Fees Nov 22, 2024

New York City has some of the highest housing costs in the US. In addition to sky-high rents, tenants often have to pay a fee to a real estate broker when they sign a new lease — whether they hire them or not. But that’s about to change.

Today on the show, host Sarah Holder speaks with City Councilmember Chi Ossé about the passage of his bill that will eliminate upfront broker fees for most renters, and hears from supporters and opponents of the legislation. And Bloomberg reporter Paulina Cachero unpacks what the effort could mean for New York’s renters.

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Pakistan Is Getting Too Expensive For Its Middle Class – So They’re Leaving Nov 21, 2024

A record number of Pakistanis are leaving at a rapid speed. Among them are some of the country’s top talent including doctors, engineers, accountants and managers. Over the last three years, one million skilled workers like them have left Pakistan.
On today’s Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg’s Pakistan Bureau Chief Faseeh Mangi about what’s behind the severe brain drain in one of the world’s most populous nations, where the immigrants are going, and what it means for the country’s already fragile economy that depends on loans from the International Monetary Fund.

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As the US Turns Inward, the World Order Realigns Nov 20, 2024

This year’s G-20 summit in Brazil revealed a new reality: The world order is shifting as President Joe Biden wraps up his final months in office and President-elect Donald Trump returns to power.

On today’s Big Take podcast, Bloomberg’s Flavia Krause-Jackson and host David Gura join the show from Rio de Janeiro to talk through the gathering of the world’s largest economies and how they’re preparing for a new geopolitical era.

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The Shadowy Fleet of Tankers Moving Iranian Oil to China Nov 19, 2024

Every year, billions of dollars of sanctioned Iranian oil finds its way to China, even though on paper the country hasn’t imported a single drop in more than two years. How? On today’s Big Take Asia podcast, host K. Oanh Ha speaks to Bloomberg’s Serene Cheong on her team’s investigation into a clandestine shipping hub off the coast of Malaysia that funnels Iranian crude to China.

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Inflation’s Latest Victim: Brand Loyalty Nov 18, 2024

Bloomberg reporter Leslie Patton has noticed a pattern looking at the earnings of mid-priced, brand name companies like Kraft and Luvs. Their sales are down, while the sales of similar products on either end of the price spectrum — cheaper generics and high-end premium goods — are up.

On today’s Big Take podcast, Leslie joins host Sarah Holder to discuss how this “middle brand squeeze” is playing out on grocery store shelves.

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COP29 Confronts Tensions Over Funding Clean Energy Transition Nov 15, 2024

Climate leaders from around the world have convened in Baku, Azerbaijan for the UN’s biggest annual climate conference, COP29. And this year, it’s all about money.

Member nations are negotiating over how much responsibility rich countries have to finance the energy transitions of smaller economies. But larger global tensions loom over the proceedings — including the reelection of Donald Trump.

In today’s episode, Bloomberg’s senior climate reporter and host of Zero Akshat Rathi calls in from COP29 to update host Sarah Holder on the unfolding negotiations and how America’s new president-elect changes the conversation.

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Another Trump Term Is Coming. Is Asia Ready? Nov 13, 2024

Higher tariffs. Geopolitical flare-ups. Inflammatory comments. All across Asia, countries are bracing for the return of Donald Trump.

On today’s Big Take Asia Podcast, we unpack what a second Trump term means for China, India and other Asian economies – who are the potential winners and losers and what’s ahead. Host K. Oanh Ha is joined by Daniel Ten Kate, Bloomberg’s executive editor for Asia economy and government, Chan Heng Chee, the ambassador-at-large with the Singapore Foreign Ministry, and Erin Murphy, deputy director of Chair on India and Emerging Asia Economics at the Center for Strategic and International Studies.
Read more: Trump Is Set to Elevate China Hawks, Deepening Beijing Rift
Further listening: The Economic Impact of Trump’s Promises

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Why Bitcoin Is Surging to All-Time Highs Nov 12, 2024

Since Donald Trump’s reelection, Bitcoin has surged to its highest value ever, surpassing $89k per coin on Tuesday. It’s a trend playing out across cryptocurrency, an industry that could benefit from deregulation under President Trump.

On today’s Big Take podcast, Bloomberg’s stacy-marie ishmael and David Gura break down whether the recent “melt up” in crypto prices is part another of boom-bust cycle or if the US’s first crypto-friendly president is likely to usher in a new era in digital assets.

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The Economic Impact of Trump’s Promises Nov 11, 2024

President-elect Trump ran on a promise to help American consumers. As he prepares to take office, the question becomes whether his policies will play out the way he sold them — and how they could evolve as he tries to put them into practice.

Bloomberg Economics has done the math on Trump’s plans, and chief economist Tom Orlik joined host Sarah Holder to look at what Trump’s agenda could mean for inflation, GDP and US taxpayers.

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A Big Winner From Trump’s Election Victory? His Businesses Nov 08, 2024

President-elect Donald Trump’s business ventures, from Truth Social to crypto, stand to benefit from his return to power. But just how much?
Today on the Big Take podcast, Bloomberg’s Tom Maloney joins host David Gura to break down Trump’s business interests and assets, and explore how he could cash in on his second term in office.

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Trump Wins, Trump Trade Surges Nov 06, 2024

In a stunning political comeback, Donald Trump has been elected the 47th president of the United States. Just before 2:30 on Wednesday morning, he took the stage at his campaign headquarters in Mar-a-Lago, heralding the “greatest political movement of all time” after Vice President Kamala Harris’ path to the Oval Office had all but evaporated.

On today’s Big Take podcast, Bloomberg’s Wendy Benjaminson joins host Sarah Holder to break down how Election Day played out, the surge of the so-called Trump Trade, and what we can expect from a second Trump term.

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Listen Now: US Election Coverage on Bloomberg Podcasts Nov 04, 2024

Be in the know this election with Bloomberg Podcasts. Follow Bloomberg News Now for up-to-the minute election results, all night long. And go deeper with The Big Take podcast, featuring in-depth global analysis of the US election every day this week.

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How the World Is Bracing for a Trump or Harris Win Nov 04, 2024

From conflicts in Europe and the Middle East, to global issues like trade and migration, whoever becomes the next president of the United States will have a huge impact on the rest of the world.

Bloomberg’s Flavia Krause-Jackson and a team of reporters around the world asked government officials one question: How are you preparing for what happens next? Today on the Big Take podcast, she joins host David Gura to share what they found.

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Why Elon Musk Is Opening His Wallet for Donald Trump Nov 01, 2024

Elon Musk has become one of Donald Trump’s most formidable — and vocal — allies. He’s spoken at Trump rallies, formed a pro-Trump PAC, and funneled more than $100 million into Trump and his allies’ campaigns. This political pivot stunned people who long thought of Musk as a hero of the green energy transition. So how did this happen?

In the first episode of Citizen Elon, host Max Chafkin explains the grievances, grudges and online influences that have shaped Elon Musk’s political ideology — and the ways his money and megaphone are shaping the race.
Read More: When Elon Musk Got Political

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Silicon Valley Elites Want to Block the Sun. Not Everyone’s On Board Oct 30, 2024

It sounds like science fiction, but it’s real: Venture capitalists, startup founders, and Silicon Valley elites are pouring money into a controversial technology called solar radiation modification that could cool the planet by blocking the sun.
Today on the show, host Sarah Holder talks to Bloomberg reporter Sophie Alexander about the international coordination needed for something like this to work, and why funding for it is ramping up even as researchers express concerns about the possible consequences.

Read more: Silicon Valley’s Elite Pour Money Into Blotting Out the Sun
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The US Pledged to Contain China’s Tech Ambitions. It’s Not Working Oct 29, 2024

China is making steady progress in its quest to dominate key industries of the future, despite years of US tariffs, export controls and sanctions.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Rebecca Choong Wilkins about how the US is struggling to curb Beijing’s technological advances, and whether the upcoming election could change the dynamic.

Further listening:

How China’s BYD Became King of the Affordable EV
On Thursday, Odd Lots will dig into Bloomberg’s research on the Made in China plan, and why it largely succeeded in spite of US efforts. Subscribe here.

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Wall Street Is Betting Big on a Trump Win Oct 28, 2024

With the US presidential election just over a week away, most major polls, including the latest Bloomberg/Morning Consult poll, show Vice President Harris and former President Trump in a dead heat. But Wall Street seems increasingly convinced Trump is going to win. And that is manifesting in what's come to be called “The Trump Trade.”
Today on the Big Take podcast, Bloomberg Opinion’s John Authers sits down with host David Gura to break down what the trade is, and what it reveals about how Wall Street sees this election and the future of the economy.

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So Your Business Went Viral. Now What? Oct 25, 2024

For a small business, going viral might sound like a good thing. But when a TikTok video turns a shop into an overnight success, that attention can come with major challenges.

On today’s Big Take podcast, host Sarah Holder visits small business owners riding the wave of overnight success, and explores the economics of virality with Amanda Mull.

Read more:

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To Save the Amazon, Brazil Is Betting You Can’t Just Save the Trees Oct 24, 2024

Decades-long efforts to save Brazil’s Amazon have hit a brutal reality. Impoverished local communities often turn to agribusiness and other industries that drive deforestation.

On today’s Big Take podcast, Bloomberg’s Brazil bureau chief Vanessa Dezem joins host Sarah Holder to talk through the link between poverty and deforestation and the country’s new efforts to save its rainforest by building up local economies.

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How China’s BYD Became King of the Affordable EV Oct 22, 2024

Started as a battery company in the 1990s in Shenzhen, BYD is now one of the best-selling EV brands in the world. Once mocked by Elon Musk, the company’s startling growth made it a global player and has sparked tariffs in the US and EU.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Gabrielle Coppola and Danny Lee about the company’s aggressive expansion and what it means for the global auto market.

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The Big (Climate) Short Oct 21, 2024

In recent years, investors of all kinds bet big on the future of the so-called Green Economy. But now, some hedge funds are shorting green stocks — a sign that investor enthusiasm may be waning.

A new Bloomberg analysis examines the positions that more than 500 hedge funds have taken on the green economy. On today’s Big Take podcast, Bloomberg ESG reporter Sheryl Lee joins host David Gura to discuss the findings, and why some investors who had bet on a sustainable future are now betting against it.

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What Happens When Your School Thinks AI Helped You Cheat Oct 18, 2024

The education system has an AI problem. As students have started using tools like ChatGPT to do their homework, educators have deployed their own AI tools to determine if students are using AI to cheat.

But the detection tools, which are largely effective, do flag false positives roughly 2% of the time. For students who are falsely accused, the consequences can be devastating.

On today’s Big Take podcast, host Sarah Holder speaks to Bloomberg’s tech reporter Jackie Davalos about how students and educators are responding to the emergence of generative AI and what happens when efforts to crack down on its use backfire.

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Bloomberg’s Trump Interview: Inside His Economic Vision for a Second Term Oct 16, 2024

With the US presidential election less than a month away, and the economy top of mind for many voters, former President Donald Trump sat down for an interview with Bloomberg Editor-in-Chief John Micklethwait at the Economic Club of Chicago on Tuesday.

On today’s Big Take podcast, host David Gura highlights the key takeaways from the interview. From Trump’s defense of tariffs, to his plans for the Federal Reserve and immigration, the interview offers a view of what a second Trump term could mean for the global economy.
Read more: Trump Says Growth to Outpace Feared Debt, Inflation From Agenda

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How an Infamous Vietnamese Businesswoman Engineered a $12 Billion Fraud Oct 15, 2024

Vietnamese real estate tycoon Truong My Lan was convicted in April of orchestrating a $12.3 billion fraud. She was sentenced to death by lethal injection, which she is appealing. And this week, the court is expected to hand down another verdict on additional charges.

On today’s Big Take Asia podcast, host K. Oanh Ha speaks to Bloomberg’s John Boudreau about how Lan was able to embezzle so much money for so long, how she went from riches to death row and what her multibillion fraud case means for one of the fastest growing economies in Asia.

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Insurers Are Struggling to Keep Up With Disasters Like Helene and Milton Oct 14, 2024

In recent weeks, two monster storms have pummeled the US. Hurricanes Helene and Milton left more than 200 dead — and early estimates suggest the recovery could cost more than $100 billion. It’s a huge strain on affected homeowners and the insurance industry that’s meant to shoulder some of that burden.

On today’s Big Take podcast, Bloomberg’s Leslie Kaufman joins host David Gura to talk about the increasing severity and frequency of extreme weather events, and how the new normal is changing the calculus for insurers.

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How Uber and Lyft Used ‘Lockouts’ to Deny NYC Drivers Millions Oct 11, 2024

Uber and Lyft promised to give drivers independence and the flexibility to work whenever they wanted. But this summer in New York City, these ride share companies started restricting when their drivers could go online. A new Bloomberg investigation found that driver lockouts were designed to save the companies millions in minimum wage payments — and ultimately cost drivers in the process.
On today’s Big Take podcast, Bloomberg tech reporter Natalie Lung joins host Sarah Holder to talk about the strategy behind the lockouts, and how she and her team crowd-sourced stories from hundreds of drivers to understand the impact.
Read more: How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay

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Could Contaminated Water Dull Perrier’s Sparkle? Oct 09, 2024

Perrier, the popular French bottled water brand, has long been a symbol of luxury. But it’s now under scrutiny after regulators found trace amounts of fecal matter and pesticides where its water is sourced.

On today’s Big Take podcast, Bloomberg consumer goods reporter Dasha Afanasieva joins host David Gura to talk about how Perrier and its parent company, Nestlé, have responded — and ask bigger questions about sustainability in the global water business.

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Inside the Succession Drama at a Hong Kong Property Dynasty Oct 08, 2024

Adrian Cheng, the third-generation scion of property dynasty New World Development, seemed poised to take over his family’s $20 billion empire. But last month, in a surprising twist, he was replaced as CEO by someone outside of his family.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Shawna Kwan about the succession drama at New World, the possible ripple effects on other family dynasties in the region, and what it all could mean for the future of one of Hong Kong’s major property developers.

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One Year Later, a Region in Conflict Oct 07, 2024

On October 7, 2023, Hamas attacked Israel and Israel responded by declaring war. One year later, that war rages on, conflict has spread through the region, and activists around the world are calling for peace.

Today on the Big Take podcast, Bloomberg’s Israel bureau chief Ethan Bronner joins host David Gura to reflect on how the October 7 attacks have transformed the region and what comes next.

Further listening: The Escalating Conflict in the Middle East

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Inside the Deal That Held Off the Dock Workers Strike Oct 05, 2024

Shipping ports all along the East Coast and Gulf Coast shut down earlier this week, as the 47,000 members of the International Longshoremen’s Association went on strike. Their demands: A pay raise of nearly 80% over 6 years and strict limits on the use of automation in the nation’s ports. Shipping companies refused and worries mounted that the strike could drag on for weeks, creating gridlock at the ports, and recreating some of the pandemic-era supply chain snarls.

But dockworkers and shipping companies struck a temporary deal late Thursday. Today on the Big Take, Sarah Holder and reporter Laura Curtis talk through the details of the deal, why the White House got involved and who the winners and losers are.

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US Tech Is Helping Guide Russian Missiles Into Ukraine Oct 03, 2024

After a Russian missile hit the Ukrainian city of Chernihiv, Ukrainian investigators found the navigation system had components made by four Western companies, including two in the US.

Today on the Big Take, Bloomberg reporter Stephanie Baker talks to host David Gura about how these components are making their way to the battlefield and what steps the US government is taking to try to prevent that from happening.

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The Escalating Conflict in the Middle East Oct 01, 2024

Iran attacked Israel for the second time in five months Tuesday, with a volley of missiles coming hours after Israel launched a ground incursion into Lebanon.

Today on the Big Take, Bloomberg’s Dan Williams, a reporter in Bloomberg’s Jerusalem bureau, and Joumanna Bercetche in Dubai join host David Gura to talk about the latest on the Middle East and what that means for the region – and the US.

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The Investment Strategy Behind Harvard’s Record Endowment — and How It Fell Apart Sep 30, 2024

Harvard University’s endowment fund is larger than the endowment of any other university on the planet. That’s, in part, because of a pioneering investment strategy. But in recent years, the returns haven’t measured up to rival universities like Yale or Brown.
Bloomberg’s Janet Lorin joins host David Gura to talk about how Harvard University’s early edge seems to have waned in the midst of changing leadership and strategies.
Read more: Harvard’s Not-So-Smart Money: Two Decades of Poor Returns and Rich Pay
Further Listening:

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China’s Economic Crackdowns Are Crushing the Dreams of a Generation Sep 27, 2024

This week, China’s central bank announced a stimulus package designed to revive the economy, cutting an interest rate and reducing the amount of money banks need to hold in reserve.
But the country’s ongoing drive to upgrade its struggling economy has left millions of people facing job losses or pay cuts, fueling an existential crisis among some of its best and brightest workers.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Lulu Chen about the impact Xi Jinping’s push is having on professionals, from banking to tech, and what this anxiety could mean for the outlook of the world’s second-largest economy.

China Unleashes Stimulus Package to Revive Economy, Markets
Further listening:

Why China’s Investment Bankers Are Breaking Up With Capitalism

What Does China’s Economic Slowdown Mean For the Communist Party?

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Private Equity, But for Dying Universities Sep 25, 2024

Skyrocketing tuition costs, COVID and fewer high school graduates have been straining the survival of smaller American colleges, leading many to shut down. Now, some are joining a surprising new path: mergers and acquisitions.
Bloomberg reporter Francesca Maglione sits down with Big Take host David Gura to discuss why some colleges are eager to merge with others, and what this new dynamic might mean for the future of higher education.

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Could the Chinese Yuan Ever Replace the US Dollar? Sep 24, 2024

Talk of de-dollarization has been gaining momentum among China, India, Brazil, Russia and South Africa in the wake of significant US led sanctions on Russia. Former US President and candidate Donald Trump has said the currency is under attack — and that any country that shuns it would face new tariffs on imports if he is elected.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Saleha Mohsin about the unique role the dollar plays in the world economy — and what, if anything, could replace it.

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The Pager Attack Was a Deadly Warning About Supply Chains Sep 23, 2024

Fighting has escalated in the Middle East after thousands of pagers and walkie talkies held by Hezbollah operatives exploded across Lebanon last week. That attack is the most recent example of supply chain interference — a global problem that national security officials say is now “rampant.”

Bloomberg cybersecurity reporter Katrina Manson and defense and intelligence reporter Peter Martin sit down with Big Take host Sarah Holder to break down what we know about how and when the Hezbollah pagers were turned into bombs — and what countries like the US and China are doing to protect their supply chains from foreign infiltration.

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The Genius Minds Behind the World’s Best Poker Bots Sep 20, 2024

Computers have outplayed humans in chess and Go for decades. But poker was long considered unhackable. The game requires not just crunching numbers, but creativity and complex strategy. That only started to change about 10 years ago, when a new generation of unbeatable poker bots began to appear online.
The makers of the technology remained in the shadows, so Bloomberg’s Kit Chellel set out to find them. On today’s Big Take podcast, he joins David Gura to share the story of how a group of Russian students invented the world’s best online poker bots and what that means for the multi-billion-dollar industry.

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California’s Controversial AI Bill Could Upend the Industry Sep 13, 2024

A controversial AI safety bill was just passed by California’s legislature. It’s been spurned by OpenAI and Nancy Pelosi, championed by Elon Musk – and could radically reshape the future of the technology’s development not just in the state, but globally.
On today’s podcast, host Sarah Holder speaks with California State Senator Scott Wiener, the author of SB 1047, about why he thinks California needs to take a lead in regulating AI. And Bloomberg tech reporter Shirin Ghaffary explains why even if the bill is vetoed by Governor Gavin Newsom, the questions it has raised about AI regulation could be long-lasting.

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Apple’s Strategy to Rule the World Sep 10, 2024

Apple is at a turning point. It ascended from a scrappy tech underdog to the most valuable company in the world through selling devices like iPhones, Macs and Apple watches. But now, a significant portion of its revenue comes from digital services.
On today’s Big Take podcast, Bloomberg’s Austin Carr tells host Janet Paskin what this shift means for Apple’s appetite for risk, its battles with regulators in the US and Europe, and what that means for all of us.
Read more: How Apple Rules the World

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Janet Yellen’s Predictions for the US Economy Sep 09, 2024

On today’s podcast, host David Gura speaks to US Treasury Secretary Janet Yellen about everything from the health of the economy to negotiating with China. He also accompanies her on a trip to an IRS processing facility in Texas to talk about tax cheats and what to do about them.
Read more: Yellen Says Jobs Report Confirms Labor Market ‘Quite Healthy’

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Everything Is Content Now. Even Your Layoff Sep 06, 2024

Eleven million people have been let go in the US so far this year. And the job market they’re entering isn’t easy: the latest jobs report showed the economy added just 142,000 jobs in August. But ever since the pandemic, the way we experience — and process — getting laid off has fundamentally changed. It’s no longer just a source of shame. It’s become social media content.

Today on the show, host Sarah Holder speaks with a tech worker who’s at the forefront of the hottest new job market trend: posting publicly about your layoff. And Bloomberg reporter Jo Constantz explains what the shift in how we approach layoffs means for employees and employers everywhere.

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The Billionaire Brothers Capitalizing on the NFL, Soccer, and Taylor Swift Sep 04, 2024

Billionaire brothers Clark and Dan Hunt, co-owners of the Kansas City Chiefs, aren’t resting on their laurels after back-to-back Super Bowl victories. They’re hoping for another title, and they’re growing their family’s sports portfolio.

The Hunts want to boost the NFL’s popularity overseas, and as co-owners of FC Dallas, they’re also trying to capitalize on the 2026 FIFA World Cup.

Bloomberg reporter Randall Williams shares highlights from a recent conversation he had with the Hunt brothers about their latest deals and their hopes for the future.

Further Listening:Big Take: The Last Great American (Football) Dynasty - Bloomberg

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Seeking Asylum in the US? Good Luck. Sep 03, 2024

The US asylum process is meant to offer a fair shot at safe haven. But new reporting from Bloomberg uncovers how the difference between those who are granted asylum and those who are denied often boils down to chance.
On today’s Big Take podcast, Bloomberg investigative reporter Monte Reel joins host David Gura to trace the arc of one man’s journey and discuss new data analysis that reveals the flaws at the core of the US asylum system.
Read more: Justice Is Beside the Point in America’s Immigration Courts

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Elon, Inc.: Grok-Generated Chaos, Cybertruck In Strange Places Sep 02, 2024

X users might have noticed a new kind of artificial intelligence-generated image proliferating: strange visions of Elon Musk next to Disney characters carrying guns, or Donald Trump in all kinds of, well, weird situations. This was what followed a new release of Musk’s Grok AI tool, which can now make images—unsurprisingly with fewer guardrails than other image-creating machines out there.
On this episode we’ll talk about Grok’s new skillset and also get into the semiotics of the Cybertruck. Initially conceived of as a mass-market truck, it’s slid into another category: marker of a certain kind of right-wing flex, the kind Musk himself has engaged in on his struggling social network. Joining David to discuss is Davey Alba, a Bloomberg technology reporter, along with Max Chafkin and Dana Hull.

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A Flying Taxi Ride Into the Future of Transportation Aug 30, 2024

The taxis of the future are already here. And they’re airborne. After years of research and development and billions in investment, autonomous flying taxis are finally poised to take off. Companies working on these pilotless vehicles have been quietly working on prototypes — and recently, Bloomberg reporter Colum Murphy took a test flight in one of the first models operating in China.
But once the technology is proven, new challenges begin: the industry will have to navigate regulatory hurdles, which can vary country to country, and find a customer base that will trust this new form of air-travel. On today’s episode, Murphy takes the Big Take on his flying taxi ride, and his colleague Angus Whitley explains why it’s a make or break moment for the industry.

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The Latest Mpox Emergency Was Entirely Avoidable Aug 28, 2024

The World Health Organization declared the last mpox global emergency over in May 2023. And just over a year later, here we are again.

Since the start of 2024, a deadlier, more transmissible strain of the virus has killed about 575 people in the Democratic Republic of Congo and infected 30 times more. New cases have recently appeared in Europe and Asia. In August, the WHO declared a new mpox global health emergency.

Bloomberg’s Ashleigh Furlong joins host Sarah Holder to explain why the latest outbreak could have been avoided — and what it will cost to beat it.

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Humans and AI Bots Blur in the World's Call Center Capital Aug 27, 2024

Call centers in the Philippines, the world’s second-biggest outsourcing center after India, are embracing artificial intelligence - and it’s radically changing what it looks and sounds like to work there.

On today's Big Take Asia Podcast, host Rebecca Choong Wilkins demos the Sanas AI app and talks to Bloomberg's Saritha Rai about the industry's rapid transition and what it might mean for workers around the world.

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Powell Says Rates Are Coming Down: How Low Will They Go? Aug 26, 2024

The time has finally come for a rate cut. That was the takeaway of Fed Chair Jerome Powell's remarks in Jackson Hole on Friday when he let the world know to expect a cut at the next Fed meeting in September.
Bloomberg’s Mike McKee joins host Sarah Holder from Jackson Hole to discuss what that cut could look like — and what it would mean for the economy, the US election and the American consumer.Read more: Powell’s Pivot Leaves Traders Debating Size, Path of Rate Cuts
Listen more: The Federal Reserve's Tricky Economic and Political Terrain

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Inside Southeast Asia’s Most Notorious Crime Hub Aug 22, 2024

A Chinese businessman persuaded officials to establish a special economic zone in a remote part of Laos. The gamblers arrived first. Then came the drug runners, human traffickers and scammers.
On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg Businessweek editor Matt Campbell about his investigation into the Golden Triangle Special Economic Zone and how it became a criminal’s paradise.

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Why This Nobel Prize Winner Faces Life Imprisonment in Bangladesh

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Want Money From the Middle East? There Are New Strings Attached Aug 12, 2024

The sovereign wealth funds of the Persian Gulf used to be relatively easy places for US firms like Blackstone and Goldman Sachs to raise money. But recently, the power dynamics between Wall Street and Middle Eastern wealth fund managers have been shifting.

On today’s Big Take podcast, Bloomberg’s Heather Perlberg breaks down for host David Gura why Middle Eastern sovereign wealth funds are asking for more in return for access to their trillions — and what that means not only for investors but also the future of the region.
Read more: Middle East Trillions Force New Concessions From Wall Street

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Why Is Everybody Still Getting Sick All The Time? Aug 09, 2024

Have you had the flu recently? Or RSV? Or just... some bug that you can’t quite shake? If so, you’re not alone. Bloomberg’s data team recently decided to investigate whether or not the perception that we’re all getting sick all the time is actually backed up by numbers. And what they found was truly surprising: in countries around the world, people are getting much sicker, much more often in the wake of the pandemic.

We’re re-upping this episode, which originally aired on June 14, because – surprise – everyone’s still getting sick. Listen as host Sarah Holder and Bloomberg data reporter Jinshan Hong try to solve the global health mystery – including the potential culprits behind the surge in sickness and what we can do to avoid getting ill so often.

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Are We in a Recession? The Sahm Rule Says Yes. Its Creator Says Not So Fast Aug 08, 2024

On today’s Big Take podcast, economist Claudia Sahm explains the Sahm rule: how she came up with the idea, whether or not we’re in a recession, and why she wishes it was called something else.

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Welcome to Ozempictown, USA (No, It’s Not Hollywood) Aug 07, 2024

What happens when new weight-loss drugs like Ozempic transform a community? Bloomberg healthcare reporter Madison Muller went to Bowling Green, Kentucky to find out. That area has one of the highest concentrations of weight-loss drug prescriptions in the US.

On today’s Big Take podcast, we explore what that means for people who live there, how these drugs are reshaping the local economy, and what it could look like in other places when Ozempic comes to town.

Listen more: Are Cheaper Ozempic Knockoffs Safe?

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$200 Billion, Four Heirs And One Mighty Empire Aug 06, 2024

Gautam Adani, the controversial Indian billionaire, gathered his two sons and two nephews for a family lunch one day and asked them a bombshell question: Did they want to carve up the Adani Group’s sprawling businesses between themselves or stick together? He gave them three months to decide.

Today on The Big Take, host K. Oanh Ha talks to Bloomberg editor Anto Antony about the Adanis’ ambitious succession plan, in the wake of regulatory probes and a daring short-seller attack. We also hear from the Adanis themselves on their vision of an Adani Group without Gautam at the helm, how they’ll make decisions to manage an empire – which spans everything from airports to solar farms – and what's at stake for India’s $3.5 trillion economy.

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What’s Behind the Global Market Meltdown Aug 05, 2024

On Wall Street, the S&P 500 had its worst day in nearly two years and the Dow Jones Industrial Average shed over 1,000 points. Shares on Japan’s Nikkei Index fell by over 12% — their worst showing since Black Monday in 1987. Cryptocurrencies dropped, bond yields rose and the VIX, known as the fear index, saw its biggest one-day spike in more than 30 years. Is the Fed to blame? AI over-exuberance? Warren Buffett?

On today’s episode, Bloomberg columnist John Authers walks host David Gura through the global market meltdown: what triggered it, how long it could last, and when to panic.

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The Threat of AI-Made Bioweapons Aug 02, 2024

In April of 2023, a man carrying a small, black box walked into one of the nation’s most secure buildings, right next to the White House. In the box were ingredients that could be used to create a bioweapon. What the man revealed about how he got his hands on these ingredients was even scarier: an AI chatbot had given him the recipe.

On today’s Big Take, host David Gura speaks to Bloomberg healthcare reporter Riley Griffin about why that stunt alarmed White House officials and woke them up to the potential dangers of AI-made bioweapons.

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Ghost Jobs Are Haunting the Labor Market Aug 01, 2024

If you’ve applied to a job and never heard back, you may have fallen prey to a ghost job — an online listing for a role that never actually existed.

Ghost jobs aren’t just leaving job seekers frustrated. They’re also muddying the waters of the labor market when it comes to assessing the strength of the economy.

On today’s Big Take podcast, Sarah Holder digs into the ghost job phenomenon with Molly Smith, an editor on Bloomberg’s US economy team.

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How Companies Gamed the H-1B Visa Lottery Jul 31, 2024

Each year in April, the US conducts a lottery that shapes the lives of hundreds of thousands of people. And each year, only around 85,000 are granted an H-1B visa for highly-skilled workers. With skyrocketing application numbers, the odds of winning have only gotten slimmer. But new data obtained by Bloomberg News has revealed how certain companies have manipulated the system, gaining an advantage over people who play it fair. In other words, the game was rigged.

On today’s Big Take podcast, host Sarah Holder speaks to investigative journalists Eric Fan and Zachary Mider who explain how outsourcing companies and staffing firms exploited loopholes in the H-1B system to get extra shots at the lottery.

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Japan’s Small Businesses Have a Problem. They Don’t Know How to Raise Prices Jul 30, 2024

Costs are rising in Japan and small businesses risk being squeezed into oblivion if they don’t figure out how to raise their prices. After decades of deflation, many small Japanese companies are out of practice on exactly how to do it.

Today on The Big Take Asia, host Rebecca Choong Wilkins talks to Bloomberg senior editor Reed Stevenson about a class he visited where people are relearning the long-lost skill of negotiation, and what a failure to raise prices at these small businesses – which make up 90% of the economy – could mean for Japan’s future.
Read more: BOJ to Cut Bond Buying as Fate of Rate Policy Stirs Jitters

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Behind Trump's Pledge to Make America the "Crypto Capital" Jul 29, 2024

This past weekend, Donald Trump became the first American president to address a crypto conference, telling an audience in Nashville that “if Bitcoin is going to the moon, I want America to be the nation that leads the way.” It’s a stark contrast from five years ago, when Trump said Bitcoin’s value was based on “thin air.” Is his conversion from crypto skeptic to crypto cheerleader real – or just a canny attempt to get donations?

On today’s podcast, host David Gura speaks to Bloomberg investigative reporter Zeke Faux about the surprising opinions he heard on-the-ground at the world’s biggest Bitcoin conference – and what that could mean for the future of the 2024 presidential election.
Read more: Trump Became Crypto Believer After Falling in Love With NFTs of Himself

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Wall Street’s Great Rotation Jul 26, 2024

For most of this year, US markets were hitting fresh highs and investors were giddy about the potential of AI to make the world’s biggest tech companies even more profitable. Then, the picture changed. Welcome to the Great Rotation.

On today’s Big Take podcast, host Sarah Holder speaks to Bloomberg cross-asset reporter Isabelle Lee about what’s behind the investor move from the Magnificent Seven tech firms into smaller companies — and what role, if any, recent US political turmoil is playing in investors’ expectations about the rest of the year.

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Why You’ll Want to Know How Your Nurse Practitioner Was Trained Jul 24, 2024

Americans are more and more likely to get health care not from doctors, but from nurse practitioners. It’s one of the fastest-growing professions in the US — and the number of nurse practitioners in the country is expected to climb 45% by 2032. But training for the booming profession has never been standardized, and some students worry they’re not being set up for success.
On today’s Big Take podcast, host Sarah Holder talks to investigative reporters Caleb Melby and Polly Mosendz about what the rapid rise of nurse practitioners has meant for their education — and their patients.

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Are Cheaper Ozempic Knockoffs Safe? Jul 23, 2024

Cheaper, knockoff versions of Ozempic, Wegovy and Zepbound are flooding the market, often promoted by telehealth companies in online ads and by influencers on TikTok and Instagram. These versions of the drugs are made by so-called compounding pharmacies, an obscure corner of America’s pharmaceutical market which makes drugs that aren’t approved by the Food and Drug Administration.

On today’s Big Take podcast, Bloomberg reporters Ike Swetlitz and Madison Muller tell host Sarah Holder about their investigation into a $1 billion shadow industry that could be putting Americans’ health in danger.

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Roblox: The Gaming Platform With a Predator Problem Jul 22, 2024

With tens of millions of users under the age of 13, Roblox has become the biggest online gaming playground for kids. The company says its combination of AI chat filters and human moderators makes the platform safe for users of all ages. But a Bloomberg Businessweek investigation suggests that Roblox may have striking vulnerabilities.

On today’s Big Take podcast, host David Gura speaks with reporters Olivia Carville and Cecilia D’Anastasio about the way predators have used the platform to groom children — and what Roblox is doing to keep young users safe.

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K-Pop’s Plan for Global Dominance? Remove the K Jul 19, 2024

Is K-pop even K-pop without the K? A Bloomberg analysis of song lyrics shows that for the first time, almost half of K-pop songs released this year have English lyrics.

On today’s podcast, host Sarah Holder speaks with Bloomberg reporter Sohee Kim about the genre’s identity shift and why industry efforts to grow its global audience might mean fewer Korean band members.

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Silicon Valley’s Shift to the Right Jul 18, 2024

Republican presidential nominee Donald Trump’s pick of Senator JD Vance as his running mate has many in Silicon Valley rejoicing — they see the former venture capitalist as one of their own. With Elon Musk’s commitment of $45 million a month to a super-PAC supporting the Trump campaign, it's the latest sign of Silicon Valley elites embracing the MAGA movement.

But the tech world hasn’t always embraced Trump. On today’s Big Take podcast, Bloomberg Businessweek columnist Max Chafkin joins host David Gura to talk about how we got here and what their support could mean for another Trump term.

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Why This Nobel Winner Faces Life In Prison In Bangladesh Jul 17, 2024

Nobel Peace Prize-winning economist Muhammad Yunus pioneered micro loans as a tool to fight poverty. Now prosecutors in Bangladesh have linked him and his colleagues to a dizzying number of crimes, including embezzlement and laundering millions of dollars.

Today on The Big Take, host K. Oanh Ha speaks to Bloomberg’s Kai Schultz about the complicated saga and what implications Yunus’s case has for Bangladesh, one of the fastest growing economies. We also hear from Yunus himself, who talks about the rift between him and Prime Minister Sheikh Hasina, and the personal impact of the legal drama.

Big Money Backs Tiny Loans That Lead to Debt, Despair and Even Suicide

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Pulling Off a Rare Olympic Feat in Paris: Turning a Profit Jul 12, 2024

Ever since the first Olympics were held over a century ago, the Games have been known for dazzling sporting feats…and dazzlingly expensive opening ceremonies. Recently, the ballooning cost of hosting the Games has led residents in Boston, Rome, and Oslo to reject efforts to bring the Olympics to their cities. As a result, the International Olympic Committee is hoping to rein in costs – starting with Paris.

On today’s podcast, host Sarah Holder speaks with Bloomberg reporter Hugo Miller about the lessons Paris 2024 is trying to take from the first and only profitable Olympics held in Los Angeles in 1984 – and why no less than the future of the Games is at stake.

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Scrappy Drone Startups Are Transforming Ukraine’s Frontlines Jul 10, 2024

A growing number of Ukrainian entrepreneurs, engineers and tech workers are joining the war effort against Russia, making and delivering a key tool: drones. They’re low-cost, high-impact and can do everything from transporting supplies to dropping bombs across enemy lines.

On today’s Big Take podcast, Bloomberg Technology editor Jake Rudnitsky talks with host Sarah Holder about the burgeoning cottage industry that’s transforming the battlefield in the Russia-Ukraine war – and what the shift to drone warfare could mean for conflicts around the world.

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The Chinese Coffee Chain Beating Starbucks Jul 09, 2024

China’s Luckin Coffee is the nation’s top coffee retailer, overtaking even Starbucks. That would be notable itself, but less than 4 years ago the company filed for bankruptcy, making its comeback even more unlikely. The turnaround is in part thanks to the chain’s automated stores, cut-price deals and innovative drinks that appeal to local tastes.

Today on The Big Take Asia, host K. Oanh Ha speaks with Bloomberg’s Rachel Chang on how Luckin managed to turn around its failing business to overtake Starbucks, and asks whether it can hold on to its success as coffee takes off in China, and more rivals emerge.

Further listening: What Does China’s Economic Slowdown Mean For the Communist Party?

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The Lesson From French and British Elections: Incumbents Beware Jul 08, 2024

French voters shocked the world on Sunday by rejecting Marine Le Pen’s efforts to see her far-right National Rally party take control of France’s legislature. And across the channel in Britain, a new government is set to enter parliament on Tuesday after voters last week gave the country’s left-leaning Labour Party a majority.

On today’s Big Take podcast, host David Gura discusses the reaction to the surprise result in France with Bloomberg Opinion columnist Lionel Laurent, and Bloomberg’s Head of Economics and Government Stephanie Flanders breaks down why the landslide victory for Keir Starmer and Britain’s Labour Party isn’t necessarily as clear-cut as it might seem.

For more, listen to Bloomberg’s “Voternomics” podcast.

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A Conversation With Zelenskiy: Trump, Biden and What’s at Stake for Ukraine Jul 05, 2024

With the US presidential election on the horizon and no end in sight to the Russia-Ukraine war, Bloomberg’s Annmarie Hordern sits down with Ukraine President Volodymyr Zelenskiy for an exclusive interview. They discuss where the conflict stands now, what it would take to secure a peace deal and a possible end to the war – and Zelenskiy’s thoughts after watching the US presidential debate.

On today’s Big Take podcast, Bloomberg’s lead on national security coverage Nick Wadhams sits down with host Sarah Holder to analyze the most important moments from the Zelenskiy interview and game out what the outcome of the US election could mean for the future of Ukraine.

Watch the full interview: Zelenskiy on Putin, Russia Cease-Fire Prospects, Trump and US Election

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How Hackers Held the Car Industry Hostage Jul 03, 2024

The car sales industry in North America ground to a halt in mid-June after sophisticated cybercriminals took down CDK Global, the software provider with a near-monopoly on the industry. It caused chaos in the middle of one of the biggest seasons for car-buying. Dealers couldn’t access their inventory. Buyers couldn’t get cars off the lot. And customers feared for their personal data.

On today’s Big Take podcast, Bloomberg senior technology editor Dana Wollman and host Sarah Holder discuss what getting back to normal for dealerships might look like, how the group of hackers behind the shutdown operate, and why industries that rely on centralized software systems — from education to healthcare — are vulnerable.

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Why China’s Investment Bankers Are Breaking Up With Capitalism Jul 02, 2024

One after another, bankers at China International Capital Corporation — China’s premier investment bank – are pledging loyalty to the Communist Party, underscoring a new reality for Wall Street-style capitalists in the era of Xi Jinping.
Today on the Big Take Asia, host David Gura speaks with Bloomberg’s Cathy Chan about the tug-of-war between communism and capitalism at the “Morgan Stanley of China,” and how politics are redefining Chinese finance.
Read More: China’s Investment Bankers Join the Communist Party as Morale (and Paychecks) Shrink
Further listening: What Does China’s Economic Slowdown Mean For the Communist Party?

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Forget Sleep. Who’s Ready to Trade All Night? Jul 01, 2024

There is a growing push from retail traders, international investors, and a few big hedge funds to do something once unthinkable: keep stock markets open for 24 hours a day, 7 days a week. But when do traders sleep if Wall Street never shuts?

On today’s Big Take podcast, Bloomberg finance reporter Katherine Doherty joins host Sarah Holder to break down what’s behind the growing demand for after-hours trading on platforms like Robinhood, whether regulators will ever approve such a move, and what happens to the opening bell if the New York Stock Exchange never closes.
Read more: 24-Hour Stock Trading Is Booming – and Wall Street Is Rattled

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The ‘Upflation’ Formula: Halve the Ingredients, Double the Price Jun 27, 2024

You’ve probably felt the pain of inflation. And you’ve also probably heard about shrinkflation — when companies respond to inflation by keeping their prices steady and making their products smaller. But have you heard of ‘upflation’?

It’s a new tactic consumer goods brands are using to get people shopping again. From whole-body deodorant to more genres of razor, companies are tweaking everyday essentials and jacking up the price. On today’s Big Take podcast, Bloomberg consumer goods reporter Leslie Patton tells host Sarah Holder where to spot upflation in the wild – and how to avoid paying extra for everyday products.

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Hong Kong: Five Years After Anti-China Protests Jun 26, 2024

Four years after Beijing imposed a national security law on the city, Hong Kong continues to serve as an important financial hub connecting mainland China with the rest of the world. But beneath the surface, the consequences of the crackdown are far-reaching.
Today on the Big Take Asia, ahead of the 27th anniversary of Hong Kong’s handover to China, host K. Oanh Ha speaks with Bloomberg’s China editor Alan Wong about how Beijing is reshaping Hong Kong, its impact on the city’s residents and what that means for Hong Kong’s future.

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Inside Billionaire Bernard Arnault’s Business Playbook Jun 25, 2024

LVMH has a sprawling portfolio of brands synonymous with luxury: Christian Dior, Louis Vuitton, Fendi, Bulgari, Celine, Tiffany & Co., Hennessy and Veuve Clicquot. Its CEO, Bernard Arnault, almost never speaks to journalists and doesn’t have the name recognition of the likes of Jeff Bezos or Elon Musk, but regularly vies with them for the title of richest person in the world and has an almost impossible-to-measure influence over the business world.

Bloomberg Businessweek’s Brad Stone and reporter Angelina Rascouët recently landed a rare interview with Arnault, where they learned how he built his empire from the ground up. And they consider a burning question: At 75 years old with five grown children in the business, what are his plans for succession?

Read more: The House of Arnault

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AI’s Insatiable Needs Wreak Havoc on Power Systems Jun 24, 2024

AI data centers are huge energy black holes, consuming as much energy as 30,000 homes – and their rapid growth is straining global grids. The numbers are astonishing: Sweden could see power demand from data centers roughly double over the course of this decade. In the UK, AI is expected to suck up 500% more energy over the next decade. And in the US, data centers are projected to use 8% of total power by 2030, up from 3% in 2022.

On today’s podcast, host David Gura and Bloomberg reporter Josh Saul discuss just what these insatiable AI data center power needs mean for local communities, energy prices, and efforts to switch to renewables to combat climate change.

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Wall Street by Day, Waterdog by Night: The Double Life of a Professional Lacrosse Player Jun 21, 2024

What do Robert Kraft, Kevin Durant and Joe Tsai – owner of the Brooklyn Nets – all have in common? They’ve decided to go big on a new professional sport: lacrosse. Historically popular in East Coast colleges and prep schools – with a strong Canadian presence – these days, the Premier Lacrosse League is hoping to broaden its appeal to anyone looking for something other than baseball to watch during the summer.

On today’s episode, Philadelphia Waterdogs players Jake Carraway and Ryan Conrad on what it's like to juggle working on Wall Street during the week and playing lacrosse on the weekends and PLL founder Paul Rabil on his ambitious plans to emulate the success of the UFC. And host David Gura and Bloomberg reporter Bailey Lipschultz discuss what PLL’s story can tell us about other efforts to turn sports like cornhole and pickleball into big-money professional leagues.

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Inside the Hedge Fund Boot Camps Creating Star Traders Jun 19, 2024

As the $4.3 trillion hedge fund industry has boomed and competition for talent has intensified, firms are turning to a new strategy to get ahead: in-house boot camps. The goal is to mold promising new hires into future superstar traders.
Today on the show, Bloomberg’s Nishant Kumar joins host Sarah Holder to discuss what goes on inside these training programs — and what their rise means for the future of the industry.
Read more: Hedge Fund Talent Schools Are Looking for the Perfect Trader

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The Big Takeaways From Europe’s Far-Right Shift Jun 18, 2024

France’s President Emmanuel Macron shocked the world and sent tremors through global stock markets last week with his decision to call a snap election. The move was prompted by a stronger-than-expected showing by Marine Le Pen’s far-right National Rally party in European Union elections. Now, EU politicians are worried about the potential of another Brexit-style crisis that could plunge the continent’s second-largest economy into gridlock.

On today’s podcast, host David Gura speaks to Bloomberg Opinion columnist Lionel Laurent about what’s behind the strength of the far-right not just in France, but across the EU – and what this rightward shift means for relations between Europe and the US in a pivotal election year.

Further Listening: To find out what the rise of the far-right means for the left in Europe, check out the latest episode of the Bloomberg series Voternomics, “How the Left Lost Its Way in Europe” on Apple Podcasts, Spotify or wherever you get your podcasts.

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The Dirty, Deadly Price We Pay for Clean Cars Jun 17, 2024

Indonesia’s nickel business is booming. The metal is a key component in electric car batteries, but its success has a dark side: the country’s nickel mines and processing plants have a history of fatal accidents, with workers being run over by forklifts and burnt to death in smelter fires.

Today on The Big Take Asia, host Janet Paskin speaks with Bloomberg Businessweek editor Matt Campbell about his investigation into the mines. He found that nickel sourced from these plants are present in the supply chain that feeds virtually every major seller of EVs, and is an indispensable part of the car industry’s green revolution.

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Why Is Everybody Getting Sick All The Time? Jun 14, 2024

Have you had the flu recently? Or RSV? Or just … some bug that you can’t quite shake? If so – you’re not alone. Bloomberg’s data team recently decided to investigate whether or not the perception that we’re all getting sick all the time is actually backed up by numbers. And what they found was truly surprising: in countries around the world, people are getting much sicker, much more often in the wake of the pandemic.

On today’s episode, host Sarah Holder and Bloomberg data reporter Jinshan Hong try to solve this global health mystery – including the potential culprits behind the surge in sickness and what we can do to avoid getting ill so often.

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Is the Fed Thinking About Inflation All Wrong? Jun 12, 2024

For over a decade, America’s central bank has had an inflation target of 2%. On Wednesday, the Federal Reserve announced that it would keep its main interest rate unchanged in order to try and get inflation to that magic number. But what if the Fed is thinking about inflation all wrong?

On today’s episode, host David Gura talks to Bloomberg’s Managing Editor for US economic policy Kate Davidson about the reasons the Fed introduced an inflation target in the first place, and Bloomberg Opinion columnist Mohamed El-Erian about the risks if the Fed is wrong about this – and who could be hurt the most.

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A New Breed of Scammer Is Targeting Asia's Ultra-Rich Jun 11, 2024

Reports of alleged imposters are cropping up more and more in the family office frenzy in Singapore and Hong Kong. The ultra wealthy use family offices to manage their finances and affairs.

Today on The Big Take Asia, host K. Oanh Ha speaks with Bloomberg investing reporter David Ramli about the secretive nature of the family office industry and why scammers are so hard to spot. Plus, she hears from Medway Investment board director Eric SayWei Neo about how people like him are becoming amateur detectives to try to weed out suspected imposters.

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Dirty, Moldy Factories Tied to Recalled CVS-Brand Drugs Jun 10, 2024

One factory making pain and fever medications for children used contaminated water. Another made drugs for kids that were too potent. A third made nasal sprays for babies on the same machines it used to produce pesticides. A new Bloomberg investigation reveals that big pharmacy chains have used cheaper, independent factories with a history of manufacturing violations to make store-brand drugs that compete with the likes of Motrin and Tums.

Today on the podcast, host David Gura speaks with national health care reporter Anna Edney about her new research into the factories making tainted drugs. She reveals that one pharmacy chain has had nearly double the recalls of its closest competitor – and the loophole that shielded all of these pharmacy chains from liability.

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Low-Tech US Explosives Are Now Crucial to Ukraine’s Defense Jun 07, 2024

As Ukraine’s war against Russia drags on, the country has found itself engaged in the kind of trench warfare that once seemed unthinkable in the modern age. This kind of warfare requires very old battlefield technology — and its tearing through the US’s stockpile.

Today on the show, host David Gura speaks with Bloomberg reporters Billy House and Roxana Tiron about the World War II-era factories in America ramping up production to meet Ukraine’s ammunition needs. And he hears from Ukrainian Sergeant Andrii Shadrin about how this shortage is playing out on the frontlines.

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New Details About Sam Altman’s Past and What They Mean for OpenAI Jun 05, 2024

The CEO of OpenAI, Sam Altman, has become one of the most prominent leaders in the development of artificial intelligence. But some people – including current and former OpenAI employees – have questioned how trustworthy Altman is, and whether he is doing enough to inform the public about the technology.

On today’s show, Host David Gura is joined by Ellen Huet, host of Bloomberg Technology’s podcast Foundering: The OpenAI Story. Huet spent months talking to people who know Altman, including some of the world’s biggest investors, his mentors and even his sister.

Bloomberg.com subscribers can listen to the entire series of Foundering right now. Connect your subscription to Apple Podcasts for early access.

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A Stunning Election Result in India as Modi and BJP Fall Short Jun 05, 2024

Narendra Modi’s Bharatiya Janata Party lost its majority in India’s parliament. The stunning blow is forcing Modi to rely on allies to form a government for the first time since he stormed to power a decade ago.

On today’s episode of The Big Take Asia, host K. Oanh Ha digs into India’s 2024 general election results with Bloomberg reporter Sudhi Ranjan Sen on the ground in New Delhi. And Milan Vaishnav, senior fellow and director of the South Asia Program at the Carnegie Endowment for International Peace, delves into what the results mean for both India and the world.
Read more: India Election Results
To hear more from Milan Vaishnav listen to his podcast, Grand Tamasha.
To hear more about our coverage of Narendra Modi, listen to our series, The Rise of Modi.

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The GameStop Squeeze and the Demise of the Short Seller Jun 03, 2024

People go to Miami for a lot of reasons including winter sun, Cuban food, retirement. But Bloomberg’s Denitsa Tsekova recently traveled to South Florida for something a little different: Hedge Fund Week. There, she discovered something truly shocking: some of the biggest, boldest short-sellers are abandoning their strategy.
On today’s Big Take podcast, host David Gura speaks to Denitsa about why the rise of meme stocks, a bull market, and increasing regulatory scrutiny are leading some leading investors like Jim Chanos to abandon the strategy that made them famous. And she explains why the demise of these often-reviled investors isn’t necessarily a good thing.
Read more: Short Sellers in Danger of Extinction After Crushing Stock Gains

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The Little-Known Green Rule That Could Increase Prices on Everything From Lipstick to Coffee May 31, 2024

A race is on to map millions of farms around the globe – all in the hopes of saving the world’s forests. A new EU deforestation regulation requires companies to prove their goods don’t contain products grown on deforested land. But that’s no easy task. And billions of dollars in global trade are at stake.

On today’s Big Take podcast: Bloomberg Global Food Tsar Agnieszka de Sousa breaks down just what’s in these new rules – and why the price of everything from cocoa to coffee and lipstick to tires could rise.

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What OpenAI’s Scarlett Johansson Dustup Reveals About AI May 29, 2024

Generative AI is back in the news – and not for a good reason. First, OpenAI made headlines after the voice it introduced as part of its latest GPT update sounded eerily like Scarlett Johansson. Then, Google’s newly-introduced “AI Overview” feature started returning some questionable results – like that eating rocks might be good for you, or that cheese can help prevent cavities.

On today’s Big Take, host David Gura speaks to Bloomberg AI reporter Rachel Metz and Bloomberg Opinion columnist Dave Lee to get to the bottom of just what’s been happening in the world of generative AI – and what these latest headlines mean for the way we’re all getting our information now and in the future.

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Will the World’s Biggest Nuclear Power Plant Get a Restart? May 28, 2024

All of Japan's 54 nuclear reactors were shut down after the 2011 earthquake and tsunami. As the country's energy needs soar, debate is heating up over whether to bring the world’s largest nuclear plant back online.

On today’s episode of The Big Take Asia, host K. Oanh Ha speaks to Bloomberg reporter Shoko Oda about her visit to the Kashiwazaki Kariwa plant and the challenges to rebooting it.

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Google’s Moonshot Factory Falls Back to Earth May 27, 2024

Google’s “moonshot” factory, dubbed “X,” encouraged researchers, engineers and developers to dream big for years – no project was too ambitious or too expensive. But recently there’s been a shift. With the tech boom in the rearview mirror, tightening budgets and the rising popularity of ChatGPT, Google has turned its focus away from chasing longshot inventions to expanding its search engine business and AI operations.

In today’s episode, Bloomberg’s Julia Love tells host Sarah Holder what this means for Google and tech innovation at large.

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Apartheid’s Long Shadow Hangs Over South Africa’s Election May 24, 2024

South Africa is at a turning point. Thirty years after Nelson Mandela rose to power on a platform of equality, peace, and prosperity, the party he headed is facing serious challengers.
In the country’s May 29th election, the African National Congress Party, or ANC, looks poised to lose its outright majority. In today’s episode, host Sarah Holder is joined by Johannesburg-based economic and government affairs reporter Ntando Thukwana to discuss why voters are souring on the ANC – something once unthinkable for the party that lifted the country out of apartheid.

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The Man Who Ended Password Sharing at Netflix May 22, 2024

Netflix is the biggest paid subscription streaming service in the world. But two years ago, its dominance was in question after it reported its first subscriber decline in over a decade. So the company did something radical: it cracked down on password sharing. The man behind the move? Well, he’s now one of the most powerful people in Hollywood.

Meet Greg Peters, the co-CEO of Netflix. Bloomberg’s Lucas Shaw recently sat down with Peters for his first major print profile. He tells host David Gura about Peters’ bold plan to transform Netflix and the way all of us watch everything from TV shows to sports.

Listen to the Big Take podcast every week day and subscribe to our daily newsletter

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What Does China’s Economic Slowdown Mean For the Communist Party? May 21, 2024

After four decades of unparalleled gains in income and wealth, China’s 1.4 billion have been hit by a series of blows: a real estate collapse, a trade war with the US, and a crackdown on entrepreneurs have stalled the country’s prosperity engine.

On today’s episode of The Big Take Asia, host K. Oanh Ha dives into how China’s slowing economy is affecting people on the ground, and how Beijing is responding to that shift. Ha talks to Bloomberg correspondent Rebecca Choong Wilkins in Hong Kong and Bloomberg’s Chief Economist Tom Orlik.
Read more: ‘Are You Better Off?’ Asking Reagan’s Question in Xi’s China

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What the Death of Iran’s President Means for Global Relationships May 20, 2024

The deaths of Iran’s president and foreign minister in a helicopter crash were followed by a declaration of an official mourning period ahead of a new election.
It also has led to new speculation about who is poised to succeed Iran’s supreme leader, which could have regional and global ramifications.
On today’s episode, hosts David Gura and Sarah Holder discuss the fallout of the president’s death with Bloomberg’s Middle East, Europe and Africa news director Rosalind Mathieson and national security editor Nick Wadhams.

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The Stock Market After GameStop (Again) May 17, 2024

The meme stock era, led by Keith Gill, aka “Roaring Kitty,” seemed to have come and gone — until this week, when he reemerged on social media. It was enough to send shares in GameStop and AMC on a wild ride again, conjuring memories of 2021’s meme stock mania.
So what’s really going on? On today’s episode, Bloomberg’s Money Stuff columnist Matt Levine schools us in Meme Financial Markets — and breaks down for host David Gura what these wild moves mean for anyone interested in putting money in the stock market.
Read more: GameStop Is Back!?

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The Restaurants That Don’t Want to Break Up With Gas Stoves May 15, 2024

After Berkeley, California, became the first city in the US to ban natural gas in new buildings in 2019, it gained an unlikely opponent: the California Restaurant Association. The industry group sued the city, and kicked off a four-year-plus legal battle that ended with the city backing down. But when Bloomberg’s Ben Elgin started following the money, he found evidence that raised questions about where the association got its support.

In today’s episode, host Sarah Holder speaks with Elgin about the fight against California gas bans and how gas companies are planning to leverage that victory nationally.

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The Rise of Modi, Part 2: How India’s Leader Came Back From the Brink May 14, 2024

In 2002, Narendra Modi was facing the biggest political crisis of his career. But in the aftermath of riots that left more than 1,000 people dead – most of them Muslims – he saw an opportunity to turn his fortunes around. He would go on to become one of the most powerful leaders India has seen in decades.

Host K. Oanh Ha, Bloomberg’s Sudhi Ranjan Sen and author Nilanjan Mukhophadyay trace how Modi and his government have been able to transform India into one of the fastest-growing economies in the world.

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The Rise of Modi, Part 1: Why India’s Leader Is So Popular – and Polarizing May 14, 2024

Narendra Modi is arguably the world’s most popular politician. With nearly 1 billion Indians eligible to vote in a six-week election that concludes on June 4, Modi and his party are expected to win a majority for the third time in a row and extend their decade in power.

But there are also concerns over human rights and religious and press freedoms that many political leaders, CEOs and bankers in the West appear willing to overlook. On our first episode of The Big Take Asia, host K. Oanh Ha and Bloomberg’s Sudhi Ranjan Sen chart how Modi built up so much power over the last several decades – and why he is both a beloved and divisive figure.

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Emmanuel Macron’s Plan to Transform Europe May 13, 2024

When he was first elected to lead France in 2017, President Emmanuel Macron promised nothing less than a revolution. Since then, he’s pushed through controversial pension reforms, slashed taxes, and made it easier for French companies to fire employees. Now, he’s setting his sights beyond France.

On the sidelines of the Choose France summit in Versailles, Macron speaks to Bloomberg editor-in-chief John Micklethwait about his bold plan to transform Europe. And he issues a stark warning about what could happen if Europe’s economic growth fails to keep up – not just for the continent, but for global security.

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The Startups Trying to Save Us From Space Junk May 10, 2024

There are more than 100 million pieces of space trash — defunct satellites, rocket parts, dead batteries — all floating around in Earth’s orbit.
That can pose a problem in space, of course, but it’s an even bigger one when these objects re-enter the atmosphere and crash down to Earth.
On today’s episode, host David Gura speaks with Bloomberg’s space reporter Bruce Einhorn about the startups racing to clean up space, and with a Florida homeowner who found out the hard way that this problem isn’t as far away as it seems.

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Tim Cook Won’t Be Apple CEO Forever. Who’s Next? May 08, 2024

Tim Cook picked up the mantle from Steve Jobs as CEO of Apple over a decade ago and grew it into a multi-trillion dollar company. Now, as Cook nears traditional retirement age, speculation abounds about who will succeed him.

Bloomberg’s Mark Gurman joins host David Gura to discuss the challenges of replacing Cook, his potential successors and how that decision will impact one of the best-known brands in the world.

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Americans Are Spending Billions With ‘Buy Now, Pay Later’ May 07, 2024

“Buy Now, Pay Later” options have exploded in popularity and availability, and in the midst of stubborn inflation, Americans are even using them to buy essentials like groceries.

But not all of the BNPL providers report data like credit card companies — and no one knows exactly how much debt consumers owe.

On today’s episode, host Sarah Holder talks to reporters Paulina Cachero and Paige Smith, who tried to find out more about the size and scope of the debt.

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The Man Who Lost $36 Billion in a Week May 06, 2024

Bill Hwang amassed a fortune of $36 billion on Wall Street through his family office, Archegos Capital Management. But over the course of one week in 2021, the firm imploded. Federal prosecutors have since charged Hwang with 11 criminal counts, including securities fraud, wire fraud and racketeering.

Today, Bloomberg’s Sridhar Natarajan and Kathy Burton join host David Gura to discuss Hwang’s rise and fall and why his trial promises to be one of the biggest, and most interesting, in the history of Wall Street.

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A Billionaire’s Quest to Save a Trillion Trees Is Falling Short May 03, 2024

Since 2020, Salesforce CEO and co-founder Marc Benioff has been on a mission to plant and preserve one trillion trees. The idea behind his initiative, 1t.org, is simple: A tree is good at taking carbon dioxide out of the environment. And more trees mean more greenhouse gas removal.

Four years, millions of dollars, and dozens of pledges from non-profits, NGOs, national governments, and private companies later – how close is Benioff to one trillion trees? Today, host Sarah Holder talks to Bloomberg wealth reporter Sophie Alexander about why a billionaire decided to go all in on reforestation, why the private sector followed, and why the initiative is lagging behind.
Read more: A Billionaire Wanted to Save 1 Trillion Trees by 2030. It’s Not Going Great.

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Warren Buffett’s Hometown Could Decide the US Election May 02, 2024

Omaha, Nebraska, is billionaire Warren Buffett’s hometown. A quirk in the state’s election law also means it could wind up deciding the 2024 presidential election.

On this episode, Big Take DC host Saleha Mohsin talks to Nebraska Democratic Party Chair Jane Kleeb and Bloomberg White House reporter Josh Wingrove, who traveled to Nebraska, to understand the fight to secure Omaha’s vote and the possibility of Warren Buffett entering the fray.

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Immigration Is Up. Housing Supply Isn’t. May 01, 2024

Canada has seen rapid immigration-fueled population growth in recent years. That’s boosted its economy, but housing production hasn’t kept up. The limited supply and growing demand has exacerbated an existing affordable housing crisis and inspired calls not only to build more, but to impose stricter limits on immigration. A similar dynamic is playing out across advanced economies like Australia and the UK.

On today’s Big Take podcast, host Sarah Holder speaks with Bloomberg’s Randy Thanthong-Knight about the relationship between housing and immigration – and how governments are trying to manage it.

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All the Eyes, Ears and Algorithms Focused On the Fed May 01, 2024

At the end of last year, the Chair of the US Federal Reserve hinted at cutting interest rates – staving off an expected recession. It was a welcome surprise for many people watching the markets. Five months into 2024, he’s poised to pivot again.

On today’s Big Take, host David Gura talks with Fed editor Kate Davidson and Bloomberg Economics’ Anna Wong about the Fed’s latest moves and what to expect from this week’s Federal Open Market Committee Meeting.

Further Listening: The Federal Reserve's Tricky Economic and Political Terrain, Explained

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The ‘Silver Tsunami’ Will Test Australia’s Famed Retirement Program Apr 29, 2024

Experts have long held up Australia’s 32-year-old “superannuation” system as the retirement model to follow. But as countries all around the world are bracing for a “silver tsunami” of aging baby boomers, even Australians worry they don’t have enough saved.
Today, host Sarah Holder and Bloomberg’s Amy Bainbridge discuss what makes this system so super — and why it’s still falling short.

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Endowment Funds Are Complicated. Here’s What That Means for Student Protesters. Apr 27, 2024

Protestors at universities across the country have been demanding that their institutions divest from companies that are tied to Israel or the war in Gaza, a demand universities have long rejected as antisemitic.
On today’s Big Take podcast, Sarah Holder talks to Bloomberg higher education reporter Janet Lorin and California reporter Eliyahu Kamisher about what’s really inside endowment funds and why universities are unlikely to yield to the calls of disclose and divest.

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This Episode is [Redacted] Apr 25, 2024

The US public’s trust in the media, and the government, is markedly low. A recent Gallup poll found only about 30 percent of Americans trust the media — and Pew Research found only 16 percent trust their government.

Bloomberg’s Jason Leopold is using records to try to change that. He’s filed over 9,000 requests through the Freedom of Information Act, or FOIA — a Cold War era law meant to ensure the right to transparency from the US government.

On today’s episode, Big Take DC host Saleha Mohsin and Jason dissect the FOIA process, the challenges of sifting through redacted documents from secretive government entities and the stories FOIA records have brought to light.

Subscribe to the FOIA Files newsletter: https://www.bloomberg.com/account/newsletters/foia-files

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What Went Wrong at the House of Gucci Apr 24, 2024

Gucci was once a symbol of red-carpet luxury, but its brand, along with its sales numbers, is faltering. This Tuesday, Gucci’s parent company Kering reported its latest earnings: Gucci’s comparable revenue dropped by 18% in the first quarter this year. Kering also warned that recurring operating income will continue to plummet in the first six months of this year.
On today’s Big Take podcast, Bloomberg’s Angelina Rascouet and Sara Forden talk about what went wrong at the house of Gucci, and how its billionaire owner family, the Pinaults, plan to rescue it.

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What Makes Resource-Rich Qatar Such a Powerful Mediator Apr 23, 2024

The discovery of natural gas in Qatar back in the 1970s was a transformative economic windfall for the country and its long-time rulers, the Al Thani royal family. Since then, the Al Thanis have been spending that money to build Qatar’s global brand – while strengthening diplomatic ties with powerful, and sometimes unlikely, allies.
On today’s Big Take podcast, Bloomberg wealth reporter Devon Pendleton joins host Sarah Holder to trace the meteoric rise of Qatar and its royal family, and discuss how the war in Gaza and escalating conflict in the Middle East has made the country’s mediator role as critical as ever.

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Tensions Are Growing in the South China Sea Apr 22, 2024

The US and the Philippines kicked off one of the largest military exercises in waters near the South China Sea on Monday. These joint military drills take place annually but this year’s come amid rising tensions between China and the Philippines. The countries are sparring over control of the waterway, which is rich in energy reserves.

On today’s Big Take, host Oanh Ha and Bloomberg Senior Editor Bill Faries break down why who controls this vast body of water matters for South East Asia and the rest of the world.

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India Offers A Glimpse Into the Rise of Campaign Deep Fakes Apr 19, 2024

Divyendra Jadoun, known as “The Indian Deepfaker,” is having a pretty busy year. The 31-year-old has built a business around making deep fakes for politicians in India — campaign-style videos where candidates appear to address voters by name.

On today’s Big Take podcast, Bloomberg’s Bangalore-based AI reporter Saritha Rai and EU policy reporter Jillian Deutsch join host David Gura to explore the growing demand for these campaign deep fakes, concerns about disinformation, and the challenges of regulating the technology as India goes to the polls in the world’s biggest election.

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Boeing’s Rise, Fall and Painful Public Reckoning Apr 18, 2024

Tires and doors falling off mid-flight. A top US official stranded because of a 737 jet maintenance issue. Boeing is facing the ire of US lawmakers, scrutiny from its key regulator, and pressure from Wall Street ahead of an earnings report — all as it struggles to rebuild trust with passengers after a string of crises.
On today’s episode, Big Take DC host Saleha Mohsin digs into Boeing’s rise and fall with reporter Julie Johnsson, global aviation editor Benedikt Kammel, and long-time pilot and accident investigator Captain John Cox.

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The Cocoa Shortage Rocking the Chocolate World Apr 17, 2024

Cocoa has never been so expensive. That’s bad news for players all along the chocolate supply chain: from farmers, to chocolatiers, to chocolate lovers.

In today’s episode, we travel from a farm in Ghana to Jacques Torres’ chocolate factory in Brooklyn, on a journey to understand the origins of a cocoa crisis – and what it means for the future of chocolate.

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The Disturbing Extortion Scheme Targeting Teen Boys Apr 16, 2024

In a frightening trend, scammers are catfishing teen boys and trying to extort them — and there have been tragic outcomes. The FBI says this type of crime, which it calls “sextortion,” is one of the fastest growing crimes targeting children in the US.

Today, host David Gura talks to Bloomberg investigative reporter Olivia Carville about how teen boys are targeted online — and how these crimes impact the victims and their families.
This episode discusses sensitive topics, including suicide. If you or someone you know needs help with thoughts of suicide or self-harm, a global list of help lines is available here.
Read More: Scammers are targeting teenage boys on social media—and driving some to suicide

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Iran’s Attack on Israel and What Comes Next Apr 15, 2024

Over the weekend, Iran deployed hundreds of drones and missiles in an attack on Israel. Now, Israel weighs its response as US officials and their allies try to prevent further escalation.

On today’s Big Take podcast, Israel bureau chief Ethan Bronner and national security editor Nick Wadhams join host David Gura to discuss what happened over the weekend, and where this conflict could go from here.

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‘Bluey’: A Blue Heeler Worth $2 Billion With an Uncertain Future Apr 12, 2024

Bluey, the Australian animated TV show about a family of Blue Heeler dogs, is worth $2 billion. But is Bluey worth that without the show’s auteur Joe Brumm in the picture? The release of a special extended episode coming this weekend is sparking rumors about the smash-hit sensation.
On today’s Big Take podcast, Bloomberg’s Devin Leonard and Reyhan Harmanci join host David Gura to talk about the beloved program, the secret to its broad appeal, and the challenge of managing Bluey’s commercial success. Featuring some of our youngest listeners.
Further reading:How Bluey Became a $2 Billion Smash Hit—With an Uncertain Future

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The Cost of Keeping US Steel US-Owned Apr 11, 2024

A Japanese company’s bid to buy US Steel has sparked a fight with the United Steelworkers union — and put the company at the center of the 2024 presidential contest.
Today on the Big Take, Bloomberg reporters Joe Deaux and Josh Wingrove join host David Gura to trace why the deal came to a halt, how the company fits into Joe Biden and Donald Trump’s brands of political nostalgia, and why the fate of this deal could have an outsized impact on the election.

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Why Pricey Private Colleges Don’t Always Pay Off Apr 10, 2024

It’s college acceptance season and many students are facing a decision: prestigious private universities versus cheaper public options. But if they’re looking at college as an investment in their future, there are some metrics worth considering.
Today on the Big Take podcast, personal finance reporters Paulina Cachero and Francesca Maglione join host Sarah Holder to dig into data on the return on investment at colleges and universities in the US. And given the ballooning price of higher education, they found that, based on financial ROI, prestige doesn’t always pay off.

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How India Could Overtake China As the Fastest Growing Economy Apr 10, 2024

India is posting some of the most robust economic growth rates right now in the world. And with China slowing, India could become the new engine of global economic growth.

But it will take strategic investments, increased labor participation and more for India to achieve its economic ambitions. Today on the show, Bloomberg’s New Delhi-based economics and politics reporter Dan Strumpf joins host Sarah Holder to discuss India’s roadmap, and what its success could mean for the rest of the world.

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On the Ground With Yellen in China Apr 08, 2024

The US-China relationship saw several years of instability — including a trade war, China’s Covid-Zero policy and the discovery of a Chinese spy balloon above the United States.
And now, with both sides keen to resume cooperation, Treasury Secretary Janet Yellen is wrapping up a trip to China with strong words about the country’s manufacturing strategy and its alleged support of Russia’s war effort.

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Argentina’s President Who Promised Radical Change Confronts Reality Apr 06, 2024

Argentina’s president Javier Milei has made waves since taking office in December. From his plans to abolish his country’s central bank and replace its peso with the dollar, to his efforts to reverse previous administrations’ moves to build closer ties with China, Milei is charting a perilous – and untested – new course for a country long-rankled by inflation and economic instability.
Today on the Big Take podcast, Bloomberg Editor-in-Chief John Micklethwait sits down with host David Gura to discuss his exclusive interview with the Argentine leader.

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Filing Your Taxes Could Get Easier (If This Program Works) Apr 04, 2024

After years of letting the private tax e-filing industry run the show, the IRS is finally piloting an online tool that’s supposed to make tax season easier – and free – for thousands of taxpayers in a dozen states.

On this episode of The Big Take podcast, we explore how the idea got off the ground, who can use it, and whether the program could ever compete with the powerful private tax-filing industry.
Corrects date the Free File Alliance was launched in podcast published April 4.

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Why Hertz’s Big Bet on Teslas Didn’t Work Apr 03, 2024

When Wall Street investors Tom Wagner and Greg O’Hara took over Hertz, they had ambitious plans. They aimed to revolutionize the car rental business by bringing a record number of electric vehicles into Hertz’s fleet, including 100,000 Teslas. And when Hertz’s IPO launched in 2021, it seemed Wagner and O’Hara had just made a visionary deal.

EVs were hot when Hertz started buying them. But as Bloomberg reporters Erik Schatzker and David Welch tell host Sarah Holder, the company would soon discover that making them work in the rental market was another challenge entirely.

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Traders Ready for Market Turbulence As S&P Hits Highs Apr 02, 2024

With the stock market hitting record highs, many are wondering if it will continue to soar or come crashing down. One way to tell what’s on the mind of investors is to look at the options market. Bloomberg’s Carly Wanna tells host David Gura that average daily call volume on the VIX, often called the “fear gauge,” was up in the first quarter.

So, should we be worried that traders are preparing for the possibility of a big downturn? Today on the show, what's driving markets to all-time highs, and what the VIX tells us about what investors think will come next.

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Big Banks are “Quiet Quitting” Their Climate Promises Apr 01, 2024

Big banks made big promises to help fight climate change. But as the world warms, those institutions are quietly cooling on their plans.

On today’s Big Take podcast, Bloomberg reporter Alastair Marsh joins host Sarah Holder to break down why banks are rethinking their commitments, and what that could mean for the climate crisis.

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Jerry Seinfeld: The Last TV Billionaire? Mar 29, 2024

Jerry Seinfeld is a billionaire, thanks in part to earnings from his iconic 1990s sitcom, Seinfeld. After co-creating and starring in the TV show, Seinfeld parlayed his comedy into big money – but changes to the entertainment industry could make it a challenge for others to follow suit.

On today’s Big Take podcast, Bloomberg wealth reporter Annie Massa talks to host Sarah Holder about how the Bloomberg Billionaires Index valued Seinfeld’s net worth for the first time, and what made his eponymous show such an enduring – and lucrative – classic.

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The Texas Border Town at the Center of the Immigration Debate Mar 28, 2024

Immigration has become a top issue for voters in the 2024 election cycle, but people on the border want action now — not after November.

On the Big Take podcast, Bloomberg's Washington Bureau Chief Peggy Collins visits Eagle Pass, Texas, to explore why the US-Mexico border is shaping up to be a dominant campaign issue and what the needs on the ground really are.

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The Sentencing of Sam Bankman-Fried Mar 27, 2024

In the nearly five months since a jury found Sam Bankman-Fried guilty, a narrative has started to take shape in crypto circles that the business model behind FTX was sound and that SBF would have been successful had he not dipped into customer funds.
But on the eve of his sentencing, Bloomberg’s Max Chafkin and Zeke Faux join The Big Take Podcast to discuss how they found — after interviewing insiders and carefully examining trial testimony and thousands of pages of documents — that fraud was at the very core of FTX’s meteoric rise.

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Elon Musk’s Starlink Terminals Have a Black Market Problem Mar 26, 2024

SpaceX’s Starlink satellite program touts itself as a source of reliable internet in hard-to-reach places. But there are some countries where Starlink’s services aren’t licensed, or where the company can’t do business because of US sanctions. And a Bloomberg investigation has found that Starlink kits are appearing in many of those markets anyway – with geopolitical consequences.

On today’s Big Take podcast, Bloomberg senior editor Alan Crawford traces the burgeoning black market for Starlink terminals, from Sudan to Venezuela. And national security reporter Dan Flatley breaks down why US government officials are taking notice – and the hurdles to shutting the black market down.

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Employees Describe Pattern of Harassment and Drug Use in Citigroup Unit Mar 25, 2024

Citigroup was the first major Wall Street bank with a female CEO. But interviews with 22 people who worked in or closely with the bank’s equities division suggest a pattern of harassment and discrimination.

Bloomberg’s Paige Smith and Max Abelson join The Big Take podcast to share what their reporting uncovered, and what it says about the rest of Wall Street’s overdue #MeToo reckoning.

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What TikTok Tells Us About China’s Soft Power Mar 21, 2024

The US House of Representatives has passed a bill with an ultimatum for TikTok’s parent company, ByteDance: sell the app, or be banned in the US.

Today on The Big Take podcast, Bloomberg’s Dan Flatley and Alex Barinka cover the national security concerns behind this bill and the potential geopolitical and tech industry consequences.

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Japan Has a New Interest Rate: Zero. Mar 20, 2024

For the first time in almost two decades, Japan has raised interest rates out of negative territory. The reason? Inflation has finally arrived in the country’s economy.

Today on The Big Take podcast, Bloomberg’s Paul Jackson and host Sarah Holder tackle what the change means for banks, business, and Japan’s economy.

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The MLB Wants to Make It Big in Asia. Shohei Ohtani Can Help Mar 19, 2024

Major League Baseball has a big problem: it’s tapped out on new fans in the US. So it's looking abroad to Asia to bring in new ones. Japanese baseball prodigy Shohei Ohtani is crucial to that plan.

On today’s Big Take podcast, Bloomberg’s Janet Paskin discusses Ohtani’s meteoric rise, his $700 million contract with the Los Angeles Dodgers, and his pivotal role in the league’s global ambitions.

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Crypto Is Back. Bubble or Blastoff? Mar 18, 2024

Cryptocurrencies have been on a tear. Over the past few weeks, Bitcoin has been hitting all-time highs. And many say this is just the beginning.

On today’s Big Take podcast, Bloomberg’s Stacy-Marie Ishmael joins us to discuss crypto’s latest record-setting run: is it going to the moon or are we on the brink of another bubble?

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The Plumber Shortage Clogging Up the US Economy Mar 15, 2024

The US has a plumber shortage. And as more and more baby boomer plumbers reach retirement, there aren’t enough young people coming in to fill the gap.

On today’s Big Take podcast, we talk to Bloomberg’s US Economy reporter Enda Curran about why there’s a shortage and what it means for America’s infrastructure and economy. Plus – we hear from Chris Biondi, a plumber struggling to clear the way for future generations in the industry.

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The Federal Reserve's Tricky Economic and Political Terrain, Explained Mar 14, 2024

Federal Reserve Chair Jerome Powell is trying to navigate a tricky economy – stubborn inflation and persistent fears of a recession. Now, two men hoping for a second term in the White House are drawing the central bank into the political fray.
“We can expect that things are going to get a little spicy,” Bloomberg’s Kate Davidson, who covers the Fed, joins the Big Take DC podcast to talk about the battle to maintain the central bank’s independence in the glare of 2024.

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The Vicuñas and the $9,000 Sweater Mar 13, 2024

On today’s Big Take podcast, we trace the origin of Loro Piana’s $9,000 vicuña sweaters to the Andes mountains. Bloomberg’s Marcelo Rochabrun joins host Sarah Holder to unspool what it all means for the Indigenous communities that harvest the wool.

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The Big Business of Catastrophe-Betting Mar 12, 2024

Today on the Big Take podcast, we visit the hedge fund with one of the world’s largest collections of catastrophe bonds, Fermat Capital Management, to see how they place their bets to get record returns. And we hear how the growing industry is helping fill a need in the global insurance market.

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What a Cease-Fire in Gaza Would Look Like Mar 11, 2024

Israeli and Hamas officials failed to come to a cease-fire agreement before the start of Ramadan this past weekend. That’s adding to the difficulty of getting aid into war-torn Gaza and the dire situation on the ground.
Today on The Big Take podcast, Bloomberg’s Fares Alghoul and Ethan Bronner report on what a cease-fire would mean and why reaching an agreement has been so challenging.

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How Much Does it Cost to Buy an Oscar? Mar 08, 2024

When the 96th Academy Awards airs this Sunday, the year’s biggest films will face off to compete for the highest honor in the movie industry.

For a movie studio, winning an Oscar is a big deal — and it’s become big business. Studios spend millions on marketing, screeners and advertising in the lead-up to the Academy’s votes for a race not unlike a political campaign. It wasn’t always this way. On today’s Big Take podcast, author Michael Schulman and Bloomberg entertainment industry reporter Chris Palmeri take us to the sweet, Shakespearean rom-com that started it all and map how it led to the overheated, multimillion dollar ad blitzes we see today.

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91 Felony Counts and a Campaign to Run Mar 07, 2024

Donald Trump faces four criminal trials amounting to 91 felony counts, and three civil cases. None of this has fazed his base as he runs for election. “If he was in jail, I sure would vote for him,” said Ralph Hunter, a South Carolina resident. He told the Big Take DC podcast that while he doesn’t like Trump “as a person,” he was impressed with his presidency.
Trump’s electability is intact – but his finances are another story. Today on the Big Take DC: How Trump’s legal woes are hitting his wallet and his re-election bid.

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Inside Microsoft’s Censorship of Bing in China Mar 06, 2024

Microsoft’s Bing is the second most popular search engine in China, a market that Google exited years ago. Today, Bing remains as the only Western search engine accessible there. But success has meant having to make significant compromises on issues such as censorship.

On today’s Big Take podcast, Bloomberg’s Ryan Gallagher gives us one of the first comprehensive, inside accounts of Bing’s sophisticated censorship system in China, and how it’s centered on an expanding blacklist of websites, words and phrases.

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The Biden-Trump Race is On Mar 06, 2024

Fifteen states voted in the presidential primary contest on Super Tuesday, marking a decisive point in the election cycle. Former President Donald Trump’s campaign notched a clear victory as he marches down the path to clinching the Republican nomination. For President Joe Biden, between Super Tuesday and his State of the Union on Thursday, it’s officially the beginning of campaign season.
Is Trump’s grip on the GOP’s future solidified? Will Biden be able to rekindle Trump angst to compete with Trump nostalgia?
Host Saleha Mohsin and Bloomberg politics editor Mario Parker talk about the vulnerabilities each candidate faces, and what lies ahead in 2024.

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A New Housing Crisis Is Brewing In Places Prone to Climate Disasters Mar 05, 2024

As climate risks grow, some private home insurance providers are retreating from US regions most vulnerable to catastrophe. And homeowners who can’t get coverage through the private market are increasingly turning to insurance “plans of last resort,” created by states.

The amount of liability taken on by these types of insurance plans is staggering, and growing: by some estimates, they’re holding more than $1 trillion of risk.

On today’s Big Take podcast, climate reporter Leslie Kaufman and California reporter Nadia Lopez share an investigation into how skyrocketing enrollment in state-created plans could create the conditions for a financial crisis.

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Where Does Inflation Go From Here? Mar 04, 2024

The core personal consumption expenditures price index came in hot last week. After months of evidence that inflation was decelerating, the PCE — the Fed’s preferred measure of inflation — rose at its fastest pace in nearly a year.

On today’s Big Take podcast, we sort through the numbers with Matthew Boesler, who covers the US economy for Bloomberg, to understand whether the latest PCE report is a one-off aberration, or if it signals a true resurgence of inflation.

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Introducing: The Deal with Alex Rodriguez and Jason Kelly Mar 03, 2024

The Deal, hosted by Alex Rodriguez and Jason Kelly, features intimate conversations with business titans, sports champions and game-changing entrepreneurs who reveal their investment philosophies, pivotal career moves and the ones that got away. From Bloomberg Podcasts and Bloomberg Originals, The Deal is available on Apple Podcasts, Spotify, iHeart, Bloomberg Carplay, or wherever you get your podcasts. You can also watch The Deal on Bloomberg Television, and Bloomberg Originals on YouTube.

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Chinese Emigrants Are Choosing New Destinations - and Transforming Them Mar 01, 2024

A new wave of Chinese people are leaving China after the Covid-19 pandemic and they’re headed to places that aren’t the typical destinations for Chinese immigrants in the past.
Bloomberg’s Lulu Chen tells us how China’s slowing economy, fears over new policies to redistribute wealth and Beijing’s handling of the pandemic created the perfect storm for this exodus. In today’s Big Take podcast, we look at the impact Chinese immigrants who move into these communities in far-flung places have, and what a rising outflow means for China’s future.

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The Royal Nephews at the Center of Monaco’s Latest Financial Scandal Feb 29, 2024

On today’s Big Take podcast, an investigation by Bloomberg Businessweek reveals how Prince Albert II’s government regularly favored his nephews in business deals. Members of the royal family deny any wrongdoing, but Monaco finds itself in the midst of a political crisis.
Bloomberg reporters Gaspard Sebag and Anthony Cormier detail why two of the Prince’s nephews are now facing allegations of using state contracts to line their own pockets at a time when the country’s government is already under scrutiny for failing to curb financial crime.

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Inside Project Maven, the US Military’s Mysterious AI Project Feb 28, 2024

On today’s episode, the US military’s mysterious project to bring modern artificial intelligence to the battlefield — told by the defense official behind it, whose job was so secretive he couldn’t even tell his wife about it. Bloomberg’s Katrina Manson takes host Saleha Mohsin behind the scenes for an unclassified look at Project Maven.

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Private Credit Is Attracting Attention. Not All of It Is Good Feb 28, 2024

Private credit funds are having a moment. Once under-the-radar lenders that did deals with riskier clients, the firms have gotten a lot more popular as interest rates have climbed. But private credit funds are also under a lot less oversight than traditional lenders, allowing little transparency into the way they value their loans. And all this new-found attention is starting to come with heightened scrutiny.

On today’s Big Take podcast, reporter Silas Brown shares what we know – and what we don’t – about how the world of private credit operates, and what new regulatory interest could mean for the $1.7 trillion dollars of assets these funds are managing.

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Have US Sanctions on Russia Worked? Feb 26, 2024

Two years after Russia invaded Ukraine, US-led sanctions have incalculably changed its economy – but haven’t ended the war. Treasury’s chief sanctions economist says US efforts are working.
But one analyst, who was at Russia’s central bank until he fled in 2022, says Russia’s economy is very much alive. In this episode of the Big Take DC, we find out about Russia’s “brain drain,” how its economy went from shrinking to a projection that it will beat expectations in 2024, and whether it will ever regain its prestige as part of the global community.

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Russia’s Hunt for Arms Meets North Korea’s Need for Cash Feb 23, 2024

The US and other countries say a deeper connection has been forged over a new arms trade between Russia and North Korea. They accuse North Korea of providing Russia with ballistic missiles and hundreds of thousands of rounds of ammunition – supplies Russia desperately needs to continue its war in Ukraine.

Both North Korea and Russia deny that an arms trade is underway. But as Bloomberg’s Jon Herskovitz tells us, it’s clear that an isolated economy like North Korea could stand to gain a lot from this arrangement. Jon takes us inside the evidence that an arms deal is happening and tells us why this could be one of the most lucrative moves North Korea has ever made.

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The Other MH370 Mystery: Why a Key Safety Measure Keeps Stalling Feb 22, 2024

Malaysia Airlines Flight 370 took off from Kuala Lumpur just after midnight on March 8, 2014. Aviation officials lost contact with the flight less than an hour later. MH370 never made it to its destination, and the 239 people on board were never found. Ten years later, what happened to the plane is still aviation’s biggest mystery.

In the wake of the accident, regulators proposed a key safety change that could prevent a plane from disappearing again. But after a decade, most planes are still not outfitted with the proposed tracking tools. On today’s Big Take podcast, Bloomberg reporter Angus Whitley shares why the airline industry has been slow to learn from the lessons of MH370 — and what that means for the odds of another disaster like it happening again.

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How One Business Decision Set Back the Fight Against Malaria Feb 21, 2024

For years, it seemed like Papua New Guinea was on a course to stamp out malaria. In 2010, the total number of suspected malaria cases in Papua New Guinea was 1.7 million. By 2015, the number had been cut nearly in half. Experts believed the country could see a malaria-free future as soon as 2030. But then, something changed—and cases started climbing again, as quickly as they had fallen.

In today’s episode of the Big Take podcast, Bloomberg health care reporters Anna Edney and Michelle Fay Cortez unpack how a single business decision made by the world’s biggest manufacturer of bed nets reversed years of work to eradicate malaria in a country that—at least for a while—was on track to beat it.

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Inside Top Hedge Fund Earners for 2023 Feb 20, 2024

Bill Ackman has had a big year. His constant posting and vocal condemnation of antisemitism on college campuses has won him over a million followers on X (and more than a few critics). Meanwhile, his hedge fund, Pershing Square Capital Management, has netted him $610 million in earnings.

Where Ackman’s online strategy is loud, Bloomberg wealth reporter Tom Maloney says the hedge fund manager’s financial strategy is more hands-off. And it’s working.

On today’s Big Take podcast, Maloney reveals the paydays of last year’s top hedge fund managers, and why the same big players keep appearing on the list despite the economy's ups and downs.

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The Little Sanctions Office That Could Feb 19, 2024

America’s use of sanctions has grown by almost 1,000% since 9/11. So why isn’t Congress giving the office in charge of them more resources?
Today on the Big Take DC podcast, host Saleha Mohsin talks to John Smith, a former director of the US Office of Foreign Assets Control, and Bloomberg National Security editor Nick Wadhams about OFAC’s scrappy operation and why lawmakers aren’t giving it more to work with.
Get this episode and Big Take DC episodes a day earlier by subscribing to Big Take DC.

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Commercial Real Estate Can’t Ignore Its Empty-Office Problem Anymore Feb 16, 2024

The commercial real estate market has been upended by changing office habits and rising interest rates. For years, lenders and global investors did not have to confront these plunging building values. But with deals picking up again, the reality can no longer be ignored.

On today's Big Take podcast, Bloomberg real estate reporters Natalie Wong and Patrick Clark share how these losses may ripple across the global financial system.

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Third Party Candidates May Cause Trouble for Biden or Trump Feb 15, 2024

American voters are so disillusioned by their options in the presidential election that pollsters have come up with a term for it: “Double-hater.” These are people who don’t like President Joe Biden or former President Donald Trump, who leads the race for the GOP nomination. And yet, when asked by the Big Take DC podcast if an outsider candidate could break through in 2024, Ralph Nader, who ran for president outside the two major parties four times, gave a simple, “No.” Still, there are some indications that third-party candidates could cause trouble for the frontrunners.

In this episode of Big Take DC, we examine the impact an outsider candidate could have on the general election and efforts from groups like No Labels to offer a viable alternative.

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Unexpected Power Surges Are Putting US Homes At Risk Feb 14, 2024

The US power grid has long been under pressure. But now, aging infrastructure is facing more extreme weather, more electricity usage and more renewable energy coming online.
These strains on the grid mean dangerous power surges could potentially flow directly into people's homes. In today's episode, Bloomberg's Naureen Malik takes us inside the realities of electrification.

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Why Driving A Few Miles Can Save You Thousands on Health Care Feb 13, 2024

For years, the true price of health care in the US has been the result of negotiations between providers, insurance companies and government agencies. But for the patients, companies and taxpayers who pick up the tab, it's often been a mystery. That's led to hospital pricing that’s all over the map.
In today’s episode of the Big Take podcast, Bloomberg reporter John Tozzi explains how patients at almost half of US hospitals can find significantly less expensive competitors within 30 miles. And we hear from Jen Villa, a special education teacher from Salinas, California, who has felt the impact of those pricing disparities firsthand.

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What the 2024 US Election Could Mean for China Feb 12, 2024

China’s economy has been in rough shape, and the government is trying to address it. But there’s another threat on the horizon: the US election.
During their presidencies, both Joe Biden and Donald Trump backed policies that drove the US and China further apart.Now, they're both campaigning for re-election on continuing on that trajectory.
In this episode, Joe Weisenthal and Tracy Alloway from the Odd Lots podcast speak with Tom Orlik, chief economist at Bloomberg Economics, and Mackenzie Hawkins, US industrial policy reporter for Bloomberg News. They’ve measured what a Trump or Bidenvictory in 2024 could mean for China’s economy, and beyond. Subscribe to Odd Lots to get all of their episodes.

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The Last Great American (Football) Dynasty Feb 08, 2024

This Sunday in Nevada, the Kansas City Chiefs will face off against the San Francisco 49ers in Super Bowl LVIII.

Both teams, like lots of others in the league, have been owned by the same family for decades. But with soaring valuations for NFL franchises, and owners getting older, the NFL's long standing family ownership modelis facing new threats.

As the football league debates potential rule changes that would allow private equity investors to buy into teams, Bloomberg sports business reporter Randall Williams joins today’s Big Take podcast to answer our pressing question: Could this be the end of the last great American dynasty?

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How Crypto Is (Finally, Actually) Winning Over Wall Street Feb 07, 2024

The meltdown at FTX scared a lot of retail investors away from crypto. But many big banks have doubled down, and are pushing cryptocurrency more into the mainstream.
In today’s episode of the Big Take podcast, Bloomberg senior crypto reporter Olga Kharif explains how traditional financial institutions have gotten behind the technology underpinning crypto and what it means for the rest of the industry.

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Libya’s $5 Billion Fuel-Smuggling Trade Has a Russia Problem Feb 06, 2024

In September 2022, a tanker called the Queen Majeda was stopped by authorities in Albanian waters, stuffed to the gills with $2 million worth of marine gas oil. The ship was coming from Libya’s port of Benghazi. And according to the Albanian authorities, the oil they were carrying was being smuggled out of the country illegally.
The Queen Majeda was just the tip of the iceberg of Libya’s $5 billion fuel-smuggling problem, Bloomberg’s senior global business reporter K. Oanh Ha discovered. She learned from the head of Libya's audit bureau that as much as 40% of the fuel imported to Libya under a subsidy program in 2022 was smuggled out. And by tracking shipping data, Ha found that a lot of the fuel exiting through illicit trade originally came from Russia. The fuel then made its way from Libya into European countries that have banned Russian fuel imports.
In today’s episode, Ha unravels the mystery of the Queen Majeda – and reveals how Russian fuel flows through Libya to dodge European sanctions.

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Investors Have Sky-High Hopes for AI. Can the Tech Deliver? Feb 05, 2024

The seemingly vast profit potential of artificial intelligence has helped buoy the stock prices of tech behemoths like Alphabet, Apple and the rest of the Magnificent Seven. But last week’s earnings showed that for many of these companies going all-in on AI, lofty investor expectations are hard to meet. As advanced as AI applications like ChatGPT and GitHub Copilot may seem, it’s an open question as to whether tech companies can monetize them.

In today’s episode of The Big Take podcast, Bloomberg Businessweek technology reporter Max Chafkin explains the gap between investors' AI expectations and reality, and what it would take for these technologies to live up to their promise.

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America’s ‘Debt Spiral’ Is Nearing a Critical Threshold Feb 02, 2024

When the US borrows money, just like any borrower, it needs to pay its loans back with interest.
The national debt right now is $34 trillion and rising. Soon, America will need to spend more each year paying interest on the debt than it spends on national defense.
Today on Bloomberg’s Big Take DC, host Saleha Mosin talks to Bloomberg reporter Liz McCormick and Phillip Swagel, director of the Congressional Budget Office, on what it would take to rein in the US's government's debt spiral.
Get this episode and Big Take DC episodes a day earlier by subscribing to Big Take DC.

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The Brutal Crime Crackdown Taking Hold Across Latin America Feb 02, 2024

Nayib Bukele has brought violent criminal gangs to a heel in El Salvador, transforming the country into one of the safest in Latin America. That’s made him extremely popular, even as human rights groups have condemned mass arrests and what they say are other abuses of civil liberties.

Marcelo Rochabrun, one of Bloomberg's bureau chiefs in Latin America, tells us how Bukele’s success in fighting crime has come at the expense of civil rights. And now, other leaders in the region are starting to follow suit.

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Why Wind Farms Are Paid Millions to Turn Off Jan 31, 2024

The UK is in the midst of a green energy transformation, with more than 40% of its electricity coming from wind power as of December. But wind can be unpredictable and the grid can’t always handle the power wind turbines generate on blustery days — and so to protect the grid, operators sometimes pay wind farms to power off.

After Bloomberg’s investigations team received a tip about troubling inaccuracies in the data used to calculate these payments, our reporters went looking for answers. And they found a big problem lurking in the UK’s renewable energy market: some wind farm operators were routinely overestimating their production forecasts, and traders and market experts say that, in effect, they’re getting paid to stop producing power that they wouldn’t have produced anyway.

According to Gavin Finch and Todd Gillespie, the reporters who led this investigation, the price tag for consumers is in the millions of pounds. And with the UK aiming to triple the number of wind turbines in the country by the end of the decade, those costs could increase.

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A New Era for Microsoft, Activision — And for Gaming Jan 30, 2024

Microsoft recently cut 1,900 jobs from its gaming division and among the layoffs were many at the recently acquired video game developer Activision Blizzard. Blizzard Entertainment’s President Mike Ybarra and co-founder Allen Adham are both departing. The tech giant also announced the cancellation of a Blizzard game, called “Odyssey,” that was already six years in development. Today, Microsoft reported its quarterly earnings. Revenue is up.

Jason Schreier, the creator of Bloomberg’s Game On newsletter, joins the Big Take to give us the latest on Microsoft’s moves and makes some predictions about larger trends for the gaming industry to watch for in 2024.

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Shawn Fain Takes On the EV Industry and the Election Jan 29, 2024

United Auto Workers President Shawn Fain has been in the news almost nonstop for successfully negotiating a new contract for union members and, most recently, endorsing President Joe Biden for re-election.
But that endorsement is at odds with many rank-and-file union members who support Donald Trump. And Fain's next industry battle could be much harder.
In setting his sights on electric vehicle makers like Tesla and rallying his union members (many in swing states) around Biden, Fain is trying to propel the UAW back to its former industry might and political sway.

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Economists May Be Using Bad Data to Make Big Decisions Jan 26, 2024

Bloomberg’s Big Take DC podcast looks into how the US managed to avoid a recession — and whether the Federal Reserve’s decisions were based on reliable data.
Bloomberg’s Saleha Mohsin talked with Claudia Sahm, an ex-Fed economist, and with Odd Lots podcast hosts Joe Weisenthal and Tracy Alloway.
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The Pharmaceutical Rivalry Behind the Weight-Loss Drug Boom Jan 25, 2024

The multi-billion dollar weight-loss drug market has ballooned in the past few years. And the two pharmaceutical companies currently duking it out for market dominance, Novo Nordisk and Eli Lilly, have a century-long rivalry.

Bloomberg News health reporter Madison Muller breaks down how Eli Lilly developed Zepbound, a new drug that can help patients cut more than 20% of their body weight — and why some investors and analysts think it will turn Eli Lilly into the first ever trillion-dollar drug company.
(Corrects characterization of the current size of the weight-loss drug market)

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The Stock Market’s Historic Rally, Explained Jan 24, 2024

The S&P 500 closed at a record high on Jan. 19, for the first time in two years. It was the start of a winning streak. In today’s Big Take episode, Bloomberg markets editor Chris Nagi joins the show to discuss why Wall Street’s somewhat pessimistic expectations for this year’s stock market were blown out of the water.

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Houthi Attacks in the Red Sea Hit the Global Supply Chain Jan 23, 2024

For two months, Houthi militants have been launching surprise attacks on civilian ships in the Red Sea. Repeated rounds of retaliatory strikes by the US and its allies haven't stopped the assaults. Now, these tensions are threatening not only trade routes, but the broader global supply chain.
The Big Take spoke with Bloomberg News reporters Enda Curran in Washington, DC and Mohammed Hatem, who reports on economics and politics in Yemen, about what brought us to this point and how companies are trying to strengthen their supply chains in the face of uncertainty.

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How Israel’s War in Gaza Is Hurting Its Own Economy Jan 23, 2024

Over the last few decades, Israel has transformed itself from a relatively poor agrarian economy to a global startup haven. Its per capita GDP now exceeds that of France, the UK and Japan. But with Hamas’ attack on Israel – which killed 1,200 people and claimed more than 200 hostages – and Israel’s subsequent invasion of Gaza, that economic trajectory could be at risk.

Some 360,000 Israeli reservists were called to serve in the military in the days that followed October 7th, destabilizing Israel’s workforce, while economic growth is forecast to have plummeted in the last quarter of 2023. And as Israel continues its invasion of Gaza – a war that has already claimed the lives of more than 25,000 Palestinians, according to Hamas officials – Israel’s military spending is expected to balloon. The country’s just-released 2024 budget calls for $19 billion in war-related expenditures.

On today’s Big Take podcast, Israelis involved in building the country’s vibrant start-up ecosystem share their stories of how the aftermath of October 7th has impacted their employees and the community’s operations – and Bloomberg’s Galit Altstein walks us through what it could all mean for Israel’s economic future.

This episode was produced by: David Fox
Senior Producers: Naomi Shavin and Gilda Di Carli
Editors: Caitlin Kenney and Jordan Fabian
Executive Producer: Sage Bauman
Sound Design/Engineer: Blake Maples and Alex Sugiura
Fact-checker: Adriana Tapia
Special thanks to Galit Altstein and Israel bureau chief Ethan Bronner for the reporting that inspired this episode.

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

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Big Take DC: Wall Street Is Running Out of Time to Influence the GOP Nomination Jan 19, 2024

Today, we’re sharing the newest episode from our collaborators over at the Big Take DC. They look at why Wall Street donors are waiting to weigh in on the GOP primary. Make sure you subscribe to the Big Take DC feed so you can get episodes like these every Thursday. Just look up Big Take DC, available wherever you listen to podcasts — And while you’re there, check out their reporting from the Iowa caucuses earlier this week.

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The biggest individual donors have been notably absent in the GOP primaries: Wall Street investors.

So far, big investors haven’t opened their wallets for Republican frontrunner and former President Donald Trump. But they haven’t rallied around any of his challengers, either. In fact, they’re just as fatigued by the options as everyday American voters, many of whom grimace at the thought of a rematch between Trump and President Joe Biden.

Bloomberg’s Saleha Mohsin talks with Kyle Bass, who is plugged into the world of political money and is close with major donors, and Bloomberg politics editor Laura Davison about what investors want out of the 2024 election, the impact of their donations and what their hesitancy means for this consequential election.
Corrects to remove reference to billionaire in podcast and third paragraph.

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Odd Lots: US Oil Is Booming and It's Upending Global Markets Jan 18, 2024

We here at The Big Take are big fans of our colleagues and friends over at the Odd Lots podcast, hosted by Joe Weisenthal and Tracy Alloway. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear!

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In the early 2010s, US shale players were producing oil like crazy, with no concerns about profitability. Then the legs were kicked out from the industry, causing a massive bust and massive oversupply. In 2021 and 2022, it looked like a very different story. Oil prices were surging and it seemed as though US players had found religion, learning how to maintain production discipline and improve profitability. But now we're in a new era that nobody saw coming: US oil production is booming. In in fact, it's at a record high. What's more, industry participants are actually making money at the same time. So how did they do it? And how did the prognosticators get things wrong? On this episode of the podcast, we speak with Bloomberg Opinion columnist and commodity specialist Javier Blas. We discuss the state of US supply and what it means for OPEC. We also talk about the rising tension in the Red Sea, as well as his reporting on the rise of electronic electricity trading in the European market.

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TikTok Made Me Buy It: Inside TikTok Shop Jan 17, 2024

Last year, TikTok Shop officially launched in the US. It’s the latest commercial venture from ByteDance Ltd., the parent company that owns the social media app. By creating its own marketplace — where users can find and buy products without leaving the app — TikTok hopes to compete with giants like Amazon. And TikTok is not being shy about its ambitions: according to Bloomberg’s reporting, it aims to grow the size of its US e-commerce business to $17.5 billion this year.

Small vendors like Scott McIntosh have been invited to TikTok Shop and encouraged to start live streaming their products, a tactic that has proven wildly popular in Southeast Asian TikTok Shop markets. Although skeptical of TikTok as a sales platform at first, McIntosh is now a believer. Will TikTok be able to win over the rest of the American e-commerce market?

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How Victor Wembanyama Could Become a Billionaire by Age 33 Jan 16, 2024

At over seven feet tall with an eight-foot wingspan, 20-year-old Victor Wembanyama is not your average NBA rookie. As a center on the San Antonio Spurs, Wembanyama’s fluidity and defensive prowess are already on full display. But his game isn’t the only thing that sets Wemby, as his fans call him, apart. Bloomberg’s sports business reporter Randall Williams crunched the numbers, and found that Wembanyama is on track to earn $1 billion from basketball contracts by the time he’s 33. It would make him the first professional basketball player to reach billionaire status just from playing the game.

As Wembanyama considers new brand partnerships and the NBA negotiates new media deals, he could make his billion even sooner – unless an injury sets him back. With rare skills and this rare opportunity, Wemby just might make basketball history.

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In Taiwan, Flight Plans for China Conflict Jan 15, 2024

Taiwan’s politics have long been defined by tensions with China, which claims the island as its own. Over the past several years, China has stepped up military exercises and Taiwanese leaders have responded by asserting the island’s self-rule — a tension that shows little sign of easing with the weekend’s election of current vice president Lai Ching-te to the presidency.

Across Taiwan, individuals are formulating their own responses to the specter of conflict. Our previous Big Take episode showed one young military veteran’s determination to defend Taiwan set him on a tragic course to Ukraine. In this episode, Bloomberg reporters Wan Chien-Hua and Yang Yang explore those who are plotting flights to safety. Some attend civil defense fairs, which teach where to shelter and drill kids on five ways to protect from missile strikes (plug ears; open mouth). Others accumulate passports to foreign countries that may promise more peaceful lives.

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The World Faces a $270 Billion Traffic Jam in Panama Jan 12, 2024

The Panama Canal moves roughly $270 billion dollars worth of cargo annually – it’s the trade route taken by 40% of all US container traffic alone. But the crucial waterway is contending with a crippling drought, worsened by climate change and infrastructure constraints. Water levels are so low that the Panama Canal Authority is restricting the number of ships that can pass through each day. As the line gets longer, shippers are paying to jump the line, or resorting to workarounds.

Bloomberg reporter Peter Millard traveled to Panama to understand how the drought is snarling global shipping and impacting locals. Millard joined the Big Take podcast to share what could solve the canal’s water level issues: from the experimental ideas, to the politically fraught choice to build a new reservoir and flood neighboring lands. There are no easy fixes. But with a traffic jam this big, getting the canal flowing again is becoming more urgent.

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Introducing Big Take DC: Iowa Governor Says DeSantis Can Still Pull Off Caucus Win Jan 11, 2024

Iowa Governor Kim Reynolds gives an exclusive interview to Big Take DC just days before her state kicks off the 2024 presidential cycle. After months of debates and polling, the Iowa caucuses will be the nation's first state-level contest for the next Republican presidential nominee.
Bloomberg’s Saleha Mohsin talks with Reynolds about why Ron DeSantis has her vote, and what she’ll do if Donald Trump becomes the party’s nominee.
This interview has been condensed for clarity.

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The Taiwanese Soldier Who Lost His Life to Defend Ukraine Jan 11, 2024

Watching footage of Russian attacks on Ukraine, Jonathan Tseng thought: That could happen here, too.

So from his home in Taiwan, Jonathan — Tseng Sheng-Guang in Chinese — resolved to take up arms against Russia. He left his wife, son and his beseeching mother in June 2022 to join the ranks of foreign fighters in Ukraine. His decision mirrored his own fears about unwelcome aggression on Taiwan, should China move beyond decades of warnings and threats, and into open conflict, against the island it claims as its own.

Bloomberg reporter Yang Yang spent several months looking for and talking to Jonathan’s family, friends and fellow soldiers in Ukraine, in order to understand more about what drove a young Taiwanese man to battle a neighboring aggressor, and what happened to him there.

See omnystudio.com/listener for privacy information.

The 2024 Elections That Will Shape the Global Economy Jan 10, 2024

Elections this year will determine the leadership of 40% of the world’s population, spanning the United States, to Taiwan, to Mexico, to Senegal. On today’s Big Take podcast: What democracy’s big test means for the economy.

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Elon, Inc: Elon's Bad Trip Jan 09, 2024

We here at Big Take are big fans of our colleagues and friends over at the Elon, Inc podcast from Businessweek, hosted by David Papadopoulos. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear!
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Were we talking about almost any other executive, the report by the Wall Street Journal over the weekend about Elon Musk’s alleged drug use would have qualified as a bombshell. The article contends the chief executive of SpaceX and Tesla has used a collection of substances. This, according to the Journal’s unidentified sources, has caused consternation within Musk’s companies, with Tesla board members and SpaceX executives privately expressing concerns that the alleged drug use may be making Musk unreliable and erratic.

But it’s not clear that many people, either inside or outside Musk’s companies, are genuinely worried. Musk mostly laughed off the report, offering a jokey response suggesting that any drugs he was taking should be seen as performance enhancers and noting that he’d passed government-mandated drug tests “after that one puff on Rogan”—a reference to a 2018 interview with Joe Rogan during which he smoked marijuana. Investors have been largely unmoved by all of this, partly because during the period that Musk is alleged to have indulged in illicit substances, he also made them a great deal of money. And Musk has mostly gone back to his regular schedule of boosting conspiracy theories proffered by election deniers, white nationalists and other assorted right wing influencers.

On this episode, we are joined by Loren Grush, a Bloomberg aerospace reporter and author of the NASA history, The Six, to discuss why these drug allegations haven’t hurt Musk and why a labor dispute involving SpaceX employees might be a bigger threat in the long run.

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What the World's Top Financial Minds Are Predicting for 2024 Jan 08, 2024

At the end of every year, Wall Street’s best and brightest release their predictions about where the economy is heading next. Markets reporter Sam Potter has pored through this year’s financial tea leaves – thousands of pages of them – and joined the show to share the most significant takeaways. Overall, there’s optimism about a “soft-ish” landing, disinflation, and continued consumer strength.

But the consensus view has missed the markbefore, and 2024 will bring new unknowns, from interest rate changes to technological advances to global elections. We walk through the possibilities, and the stakes: What can we expect if Wall Street is right? And what happens if they’re wrong?

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://www.bloomberg.com/bigtake

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Team Favorite: Taylor Swift Is A Pop Icon. And A Billionaire Jan 05, 2024

We're taking a break this week, here's an episode you might have missed.

Taylor Swift’s monumental success is due to her talent as a performer — as well as her business acumen. Bloomberg’s Devon Pendleton and Claire Ballentine join this episode to talk about how the pop star has taken ownership of her music, built a fiercely loyal fan base–and become a billionaire in the process.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Michael Falero and Mo Barrow. Sound Design/Engineer: Gilda Garcia.

See omnystudio.com/listener for privacy information.

Team Favorite: You Never Think About Your Car’s Catalytic Converter—Until Thieves Saw It Off Jan 04, 2024

We're taking a break this week, here's an episode you might have missed.

Catalytic converters are a vital part of emissions reduction in gas-powered vehicles. But that’s not why they’ve been making headlines. Thieves across the US have been sawing them off cars because they contain precious metals like platinum, palladium and rhodium. Bloomberg Businessweek contributor Evan Ratliff is here to tell the tale of a $500 million catalytic converter theft ring—and how local police departments and federal law enforcement brought it down.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers Michael Falero and Mo Barrow. Sound Design/Engineer: Raphael Amsili.

See omnystudio.com/listener for privacy information.

Team Favorite: The K-Pop Mogul Behind BTS Brings His Winning Formula To The US Jan 03, 2024

We're taking a break this week, here's an episode you might have missed.

Bloomberg’s Lucas Shaw and Sohee Kim join this episode to talk about Bang Si-Hyuk, South Korea’s enormously successful music mogul. The billionaire has built a K-pop empire with bands like BTS and New Jeans, and he’s now looking to expand on that model with a new, global act based in the US.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineer: Raphael Amsili.

See omnystudio.com/listener for privacy information.

Team Favorite: Avoiding War With China Is The Top Issue In Taiwan's Election Jan 02, 2024

We're taking a break this week, here's an episode you might have missed.

Taiwan’s current Vice President, Lai Ching-te, leads the polls in the upcoming January presidential election. The winner will have a lot to contend with–and at the top of the list is how to keep the peace with China amid rising tensions. Bloomberg Businessweek editor Joel Weber sat down with Vice President Lai for several wide-ranging interviews in Taiwan.

Joel and Taipei deputy bureau chief Cindy Wang join this episode to talk about the challenges the next president will face in preserving a democratic Taiwan, and public concerns about the possibility of military conflict with China.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK
Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Michael Falero and Mo Barrow Sound Design/Engineer: Gilda Garcia.

See omnystudio.com/listener for privacy information.

Team Favorite : The Junk Food Industry Finds Its Next Sweet Spot: India Jan 01, 2024

We're taking a break this week, here's an episode you might have missed.

Bloomberg’s Pratik Parija and Kai Schultz join this episode to discuss why the packaged food and beverage industry has its sights set on India—and what that means for the health and wellbeing of the 1.4 billion people who live there.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineer: Gilda Garcia.

See omnystudio.com/listener for privacy information.

Team Favorite: Mattel Bets Big On Barbie's Pink Carpet Debut Dec 29, 2023

We're taking a break for the holidays, so here's an episode you might have missed.

She’s been an astronaut, a scientist and the president of the United States. Now Barbie is a movie star. Bloomberg’s Kelly Gilblom joins this episode to talk about Mattel’s bet that the $100 million Barbie movie debuting July 21 — and the launch of the company’s entertainment division — will revive its biggest brand, reel in new fans and help it reclaim the No. 1 spot of global toymaker.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero Sound Design/Engineer: Raphael Amsili.

See omnystudio.com/listener for privacy information.

Team Favorite: The Not So Easy Trick To Getting Rid of Rats (In Big Cities) Dec 28, 2023

We're taking a break for the holidays, so here's an episode you might have missed.

The number of rat-related complaints in American cities has spiked in recent years. In the most overrun cities – Chicago, Washington, DC and New York – officials are stepping up efforts to find and kill them. New York is going so far as to hire a rat czar in charge of stamping them out.

Good luck with that. Cities have tried and failed for decades to control rats. So what can be done to contain the population of these rapidly reproducing rodents?

To answer that question, Big Take podcast producers Kathryn Fink, Rebecca Chaisson and Sam Gebauer hit the streets with a rat control squad in Washington and rodentologist Dr. Bobby Corrigan in New York. We also speak with New York Sanitation Commissioner Jessica Tisch. The good news: we can bring rats under control. The bad news: human nature means we probably won’t.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Rebecca Chaisson, Associate Producer: Sam Gebauer. Sound Design/Engineer: Raphael Amsili.

See omnystudio.com/listener for privacy information.

Team Favorite: Why Is The US Dependent On Russian Uranium? Dec 27, 2023

We're taking a break for the holidays, so here's an episode you might have missed.

About half of the enriched uranium that nations around the world use for nuclear power comes from Russia. It supplies almost a quarter of America’s 92 nuclear reactors and dozens of other plants across Europe and Asia. The US is now trying to change that with a big push to build up its own capabilities. Bloomberg’s Jonathan Tirone and Will Wade join this episode to talk about what it will take for the US and its allies to free themselves from Russian uranium.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.
This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineer: Gilda Garcia.

See omnystudio.com/listener for privacy information.

Team Favorite: Police Are Tracking Down Suspects With Google User Data Dec 26, 2023

We're taking a break for the holidays, so here's an episode you might have missed.

Google is able to collect a lot of information about the people who use its products on their phones, including where they are at any given time. A growing number of police departments across the US are seeking to obtain this data from Google to help solve crimes. Bloomberg’s Davey Alba and Julia Love join this episode to weigh the pros and cons of using location data in law enforcement, and the privacy concerns it raises. And Travis Staab, a police detective in Arizona, shares how he and his colleagues have used the information to track down suspects.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Sam Gebauer, Christine Driscoll, Sound Design/Engineer: Raphael Amsili.

See omnystudio.com/listener for privacy information.

Team Favorite: Women's Pro Tackle Football Takes The Field Dec 25, 2023

We're taking a break for the holidays, so here's an episode you might have missed.

Bloomberg Businessweek contributor Mary Pilon joins this episode to talk about the promise–and challenges–of building a fanbase for the Women’s Football Alliance, an all-female, full-contact league that has 60 teams in four divisions across 32 states.

And we head to a nighttime practice of the DC Divas, to hear from the players and coaches about why they love the game and what it means for women to play tackle football.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero Sound Design/Engineer: Gilda Garcia.

See omnystudio.com/listener for privacy information.

Team Favorite: Your Pet Is Costing You A Fortune and You Don’t Care Dec 22, 2023

We're taking a break for the holidays, so here's an episode you might have missed.

The global pet economy is expected to reach nearly half a trillion dollars by 2030. After a pandemic surge in pet adoptions, more people are buying ever more expensive food and toys for their furry friends. But beyond these routine costs, a growing number of owners are also shelling out thousands for veterinary care to treat complex illnesses and keep their pets alive for longer.

Bloomberg reporters Brendan Case and Nacha Cattan join this episode to give an expansive view of the industry, including how new diagnostic tools and medications are extending pet lifespans—and wearing down owners’ wallets.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Rebecca Chaisson, Associate Producer: Sam Gebauer. Sound Design/Engineer: Gilda Garcia.

See omnystudio.com/listener for privacy information.

The Five Countries Acting as Economic ‘Connectors’ in a Fragmented World Dec 21, 2023

Tensions continue to grow between China and the big economic powers in Europe and the United States. Russia’s invasion of Ukraine and the war between Israel and Hamas are adding global uncertainty. As new geopolitical fault lines form, some nations are emerging as winners, according to an analysis of trade and investment data by Bloomberg Economics and Bloomberg Businessweek.

Bloomberg’s Maeva Cousin and Shawn Donnan join Scarlet Fu to walk through the findings, discussing the five winners and what’s happening there.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.
This episode was produced by: Federica Romaniello and Sam Gebauer. Sound Design/Engineer: Raphael Amsili.

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Public Transit in the US Is About to Get Worse Dec 20, 2023

If you’ve suffered the slights of US public transportation in recent years, brace yourself for more grief. Transit agencies across the country have been grappling with reduced ridership and revenues since the pandemic. By next year, billions of dollars in emergency aid is slated to dry up, making matters that much worse. Budget shortfalls are likely to affect millions of Americans who rely on public transportation every day.

Bloomberg reporter Skylar Woodhouse joins host Scarlet Fu to discuss overburdened and underfunded public transportation agencies—including some of the country’s largest—and the financial squeeze pushing them even closer to collapse.

Read More: America’s Subways and Buses Face Deep Service Cuts as Federal Money Ends

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Elon, Inc: Grok Is Good, Actually, and a Tesla Recall Dec 19, 2023

We here at The Big Take are big fans of our colleagues and friends over at the Elon, Inc podcast from Businessweek, hosted by David Papadopoulos. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear!
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When Elon Musk announced his new AI chatbot “Grok” last month, almost everything about it looked like a publicity stunt or a vanity project or both. The product was seemingly built over a matter of months, it was only available to a small group of X users and its chief selling point was Musk’s promise it wouldn’t be constrained by the “woke mind virus.” He boasted that Grok’s chatbot was “based”—a slang term meaning unapologetically right wing—and posted fratty memes meant to emphasize Grok’s dominance over market-leading competitor ChatGPT.

None of this inspired confidence. But with Grok now available to paying users of Musk’s social media platform, the reviews are coming in. And they’re surprisingly positive. This week we are joined by Bloomberg reporter Shirin Ghaffary, who has been testing out the new chatbot and comparing it ChatGPT and Google’s Bard chatbot.

See omnystudio.com/listener for privacy information.

The Big Equality Stories of 2023 – and What’s Next Dec 18, 2023

The past year has been relentless for news, with indictments of a former US president, wars in Europe and the Middle East, and Earth’s hottest year on record. It was a big year, too, for equality news in the US — including headlines that corporations made good on their 2020 vows to hire more people of color.

But 2023 also saw challenges to affirmative action and access to abortion medication, and there are more questions for the year ahead. Will a diverse pool of workers hired in 2021, largely to entry-level jobs, be retained and promoted? How will working parents and especially mothers, who benefited from pandemic-era flexible work, weather shrinking childcare options? Bloomberg Equality reporter Kelsey Butler and Businessweek senior writer Claire Suddath join Nancy Cook to discuss these and other stories they’re watching.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

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Introducing: Bloomberg News Now Dec 17, 2023

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.

on Apple: trib.al/Mx9TCh1
on Spotify: trib.al/T4BG8s4
Anywhere: trib.al/O4EX6BA

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The Supreme Court Is About to Have a Very Big Year Dec 15, 2023

During its last two terms, the US Supreme Court and its six-member Republican-appointed supermajority showed its power to shape important policy issues that affect all Americans, bringing down significant and highly controversial rulings on abortion, student loan forgiveness and affirmative action. So what’s next?

Bloomberg Supreme Court reporter Greg Stohr looks ahead at which cases are likely to be of greatest consequence this term—spanning gun rights, reproductive rights, speech on social media and how much power federal agencies should have. And later, we look at Donald Trump’s federal prosecutions, one of which is already before the court thanks to an extraordinary request from Special Counsel Jack Smith.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

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‘Union Joe’ Falls Behind Trump in Michigan Among Autoworkers Dec 14, 2023

Michigan is a key swing state for next year’s presidential election – and despite Democrats controlling the state’s legislature and holding the governor’s seat, former President Donald Trump is ahead in polls.

The latest Bloomberg News/Morning Consult poll revealed that 46% of voters in the state said they would vote for Trump, and 42% backed President Joe Biden.

The Big Take podcast sits down with Bloomberg’s Wendy Benjaminson and Jeff Green to dig into the data and understand what’s happening on the ground in this key swing state.

See omnystudio.com/listener for privacy information.

Who’s Ready for a Trump-Biden Rematch? Anyone? Dec 13, 2023

Most American voters are dissatisfied with both President Joe Biden and his predecessor, Donald Trump. Barring any health surprises (Biden is 81 and Trump is 77) or other major twists (Trump is a defendant in four felony prosecutions), one of them is almost certainly going to win when voters go to the polls on Nov. 5, 2024. How are these two, currently unpopular candidates poised to become their parties’ presidential nominees without so much as a serious challenge?

Bloomberg Businessweek national correspondent Joshua Green talks with Nancy Cook about how voters and donors are feeling about another Trump-Biden matchup.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

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Why China's Richest Gen-Zs Are Flocking Home Dec 12, 2023

China is facing the world's biggest exodus of millionaires and growing capital outflows. Yet at least one group is bucking the trend -- the growing number of ultrawealthy Chinese youth who are returning to the mainland.
Rising geopolitical tensions, and the perception of increasing hostility abroad toward Chinese nationals, have led children of some of China's richest people to eschew what used to be coveted overseas jobs and foreign citizenship, and recalibrate to a life at home where the mantra is “stay humble, stay quiet." Bloomberg's K. Oanh Ha and Selina Xu explain how we got here, and how it will affect US-China relations.
Read more: China’s Ultra-Rich Gen Zs Flock Home as Global Tensions Rise
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK
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From Food to Mortgages, Being American Is Very Expensive Dec 11, 2023

The cost of living in America has increased significantly since 2020, when the Covid-19 pandemic triggered a sudden deceleration of the world’s largest economy. Three years later, the spike in inflation that followed is finally easing as the US Federal Reserve aims optimistically for a soft landing.

But that doesn’t mean the price of goods and services is falling back to Earth—at least not right away. Bloomberg reporters Reade Pickert and Jennah Haque crunched the numbers to see just how much more Americans are shouldering in their everyday expenses compared with pre-pandemic levels.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

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Bonus Episode: Hate Crimes Surge in Wake of Gaza War Dec 10, 2023

Reports of crimes targeting Jews, Muslims and Arabs have risen around the world in since the Oct. 7 Hamas attack on Israel, and the Israeli military’s retaliatory operation in Gaza. While previous conflicts in the Middle East also sparked a backlash outside the region, this time it is more intense and the wave of hate may be far from cresting, according to advocacy groups, former law enforcement officials and analysts. In this special edition of The Big Take, Stephen Carroll examines how these communities are confronting a global surge in hate speech and hate crimes.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

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Ukraine Struggles for Weapons as Winter Nears Dec 08, 2023

With winter falling in Ukraine and Russia’s war there poised to enter its third year, supporters of Ukrainian President Volodymyr Zelenskiy are nervous about whether they will have enough arms and military aid to support their defense. The conflict between Israel and Hamas has captured world attention. In the US, Senate Republicans have blocked $66 million in emergency Ukraine aid. And further out, Kyiv is closely watching the 2024 presidential prospects of Republican frontrunner Donald Trump, who has praised Russia’s Vladimir Putin and threatened to pull the US out of NATO.

To discuss the prospects for Kyiv, Bloomberg’s Kyiv Bureau Chief Daryna Krasnolutska and Alberto Nardelli, Correspondent-at-large for Europe, join Rosalind Mathieson.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

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The US Has a Defense Supply Chain Problem Dec 07, 2023

The US is selling, lending and donating weapons to its allies all over the world, but its supply chain can't keep up.

Increased demand from America's allies, along with a three-decade trend of consolidation in the defense sector, has strained the stockpile of bullets, artillery shells and other weaponry that the country itself might need in the event of a war.

The Big Take podcast sits down with Retired Army Major General John Ferrari and Bloomberg News reporter Courtney McBride to understand how the country got here and what it would take to boost production now.

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It Is Not A Good Time to Be A New Homebuyer. Anywhere Dec 06, 2023

Across the globe, the housing boom is ending. In the US, a freeze is approaching, creating a barrier to entry for new homebuyers. In countries like New Zealand, Canada, Germany and France, a shortage of homes is colliding with a slowdown of new construction due to higher borrowing rates. And in the UK, landlords are bracing for pain as floating rate mortgages reset and the cost of living hits the highest level in a generation.

Bloomberg’s Kara Wetzel and Ari Altstedter join this episode for a look at how the housing market is adjusting to higher interest rates, leaving homeowners trying to keep pace and buyers struggling to enter the market.

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Introducing: Elon, Inc.: Deciphering Elon Musk's Politics Dec 05, 2023

We here at The Big Take wanted to introduce you to our colleagues and friends over at the Elon, Inc podcast from Businessweek, hosted by David Papadopoulos. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear!
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This time we assess the aftermath of an especially gonzo week in the life of Elon Musk—one in which the billionaire CEO delivered the first production units of his company’s latest vehicle (the Cybertruck), weighed in on his preferred candidates for the 2024 election (neither Donald Trump nor Joe Biden) and offered a message to the chief executive of one of America’s most beloved brands (“Go f— yourself”).

Such trash talk and worse has left Musk somewhat isolated, with advertisers like Disney still avoiding his social media platform over his endorsement of an antisemitic conspiracy theory.

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How These Victims of Deepfake Pornography Found Their Harasser Dec 04, 2023

This episode includes some disturbing descriptions of sexual acts and assault. If you have kids around, you might want to use headphones. And please take care when listening.

Artificial intelligence and “generative AI” tools – think ChatGPT or Stable Diffusion – have become ingrained in our daily lives as a way to make aspects of work and life easier when used for its intended purpose. But many of them are open-source and widely available, giving users free rein to alter publicly available photos of people – including images taken from social media – to depict events that never happened in real life.

These images are called “deepfakes” and increasingly, they’re being altered in sexually explicit ways and posted online without consent. While the photos are fake, the harm inflicted is real.

Bloomberg’s Olivia Carville and Margi Murphy join this episode to describe the fallout when deepfake creators use AI to alter images and videos. Despite the harm to victims, there is little legal recourse under US law.

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While The World Watches Gaza and Ukraine, The Pentagon Eyes China Dec 01, 2023

The world's attention has been on the pause in fighting between Israel and Hamas, as well as the ongoing war in Ukraine. But US military planners and strategists are laser focused on China’s military capability and the possibility of a Taiwan invasion.
Bloomberg’s Peter Martin joins this episode to talk about what Pentagon officials are watching for and whether China’s warfighting capabilities can match its substantial buildup of military hardware.

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How HOA Fees and Fines Add to the US Housing Affordability Crisis Nov 30, 2023

Nearly 80% of new homes built for sale in the US are in homeowners’ associations, or HOAs, or similar communities, which are governed by a board charged with keeping up shared spaces.

HOAs maintain an often strict code to create an idyllic landscape across a neighborhood intended to protect property values. And for that, they charge monthly dues ranging from hundreds to more than $1,000. On top of that, seemingly small violations can draw big fines. About 20 states allow HOAs to claim the property, even over the bank, if an owner is behind on fees or fines.

The Big Take podcast shares the story of a family that bought a new home in an idyllic HOA community, only to face foreclosure after falling behind on HOA fines and fees.

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A Pause Holds In the Israel-Hamas War Nov 29, 2023

Bloomberg’s Israel Bureau Chief Ethan Bronner and contributor Fadwa Hodali join host Rosalind Matheison for the latest on the truce between Israel and Hamas as negotiations continue over the release of hostages in Gaza and Palestinian prisoners in Israel.

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What Comes Next in China's Property Crisis Nov 28, 2023

China's real estate market was once valued at more than $50 trillion. It made up a full quarter of the country's entire economy and made millions of people really rich. Now, it's in tatters, and upending hundreds of thousands of lives.
In this episode, Bloomberg's Lulu Chen and Janet Paskin zoom in on the story of Huailan - a 35-year-old mother of two in North East China - and how her life took a sharp turn when Country Garden, China's biggest developer, defaulted.
Read more:
China Drafts List of 50 Property Firms Eligible for Funding
China’s Property Crisis Is Upending Tens of Thousands of Lives
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The Economy Is Up But The Middle Class Is Down Nov 27, 2023

Bloomberg reporters Shawn Donnan and Claire Ballentine join this episode to discuss the results of a new Harris Poll for Bloomberg News, which found that the US Federal Reserve’s rapid increase in interest rates—aimed at fighting inflation—have more middle-class Americans worried about the economy than a year ago, even amid near-record employment.

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Team Favorite: Massive Wind Turbines Are Rising From The Atlantic Ocean Nov 24, 2023

We’re taking a break today for the Thanksgiving holiday. Here’s a favorite episode from August that you might have missed. We’ll be back on Monday with a new episode. Have a great weekend. And thanks for listening!

America’s first major offshore wind farm in the Atlantic Ocean is now under construction 15 miles south of Nantucket, off the coast of Massachusetts. Once complete, the 800-megawatt project is expected to generate enough electricity to power 400,000 homes. But with inflation and rising interest rates stifling progress on some other wind projects, will the Biden administration reach its 2030 goal of generating 30 gigawatts of power from offshore turbines?

Bloomberg’s Will Wade went out to see the Massachusetts project, and he joins this episode to explain the promise–and the problems–of erecting wind power on such a large scale. And Nick Schulz, a commercial diver working on the project, describes what it's like to build a massive turbine installation in deep water.

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Team Favorite: The K-Pop Mogul Behind BTS Brings His Winning Formula To The US Nov 23, 2023

We’re taking a break today for the Thanksgiving holiday. Here’s a favorite episode from October that you might have missed. We’ll be back on Monday. Thanks for listening!

Bloomberg’s Lucas Shaw and Sohee Kim join this episode to talk about Bang Si-Hyuk, South Korea’s enormously successful music mogul. The billionaire has built a K-pop empire with bands like BTS and New Jeans, and he’s now looking to expand on that model with a new, global act based in the US.

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Team Favorite: There’s A Lot You Don’t Know About The US Space Force Nov 22, 2023

We're taking a break this week for the Thanksgiving holiday, so here's an episode you might have missed. We'll be back on Monday with a new episode.

The US Space Force, established in 2019, is the first new branch of the military to be created since 1947, and its mission is vast: defend US interests in space. But what exactly is the Space Force? And what does defending US interests in space mean or look like practically?

As the nearly $900 billion defense spending bill winds its way through Congress, Wes went to the Pentagon to sit down with General David Thompson, the Vice Chief of Space Operations to learn what US interests in space are, and how the branch is developing.
Bloomberg cybersecurity reporter Katrina Manson joins later to describe her visit to Space Command in Colorado and the importance of the US keeping a watch on its adversaries in zero gravity.

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This episode originally aired on 7/26/23.

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Team Favorite: NYC Tries Supervised Release Instead Of Jail. Other Cities Are Watching Nov 21, 2023

We're taking a break this week for the Thanksgiving holiday, so here's an episode you might have missed. We'll be back on Monday with a new episode.

Hundreds of thousands of people charged with crimes in the US each year are incarcerated while they await trial. Often it’s because they can’t afford to pay bail. New York City’s pretrial supervised release program aims to change that. A judge can opt to release some defendants under the supervision of a caseworker, who monitors their progress as they await their day in court. Bloomberg’s Fola Akinnibi and Sarah Holder join this episode to talk about how the program works, the fraught politics around it–and why it may become a blueprint for other cities and states.

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This episode originally aired 9/25/23.

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Team Favorite: Despite Recession Fears, Small Businesses Keep Opening. Can They Survive? Nov 20, 2023

We're taking a break this week for the Thanksgiving holiday, so here's an episode you might have missed. We'll be back on Monday with a new episode.

Even with a looming recession, high interest rates and a tight labor market, small businesses have been opening at record rates over the last few years, surpassing pre-pandemic levels. They’ve also been the primary driver of job creation in the US. Bloomberg reporter Enda Curran dug into why small businesses are having a moment—and the challenges owners are facing in this uncertain economy. Plus, meet the owners of a bakery and a microbrewery who discuss how they’ve been keeping their businesses afloat.

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This episode originally aired on 10/2/23.

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Big Take News Wrap: Shutdown Averted. Trump Legal Battles. 2024 Race Nov 17, 2023

Catch up on some of the week’s biggest US stories. Bloomberg’s Mario Parker, Megan Scully and Zoe Tillman join this episode to talk about the Congressional stopgap bill that has temporarily averted a government shutdown; the latest on Donald Trump’s legal battles; and the narrowing Republican presidential field.

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How Two-Party Politics Drives Out Moderates Nov 16, 2023

Congress averted a government shutdown with days to spare. The way lawmakers did it — by leaving out deep spending cuts and relying on a bipartisan coalition to pass the bill — has already put House Speaker Mike Johnson on thin ice with some hardliners in his party. 

That disdain for compromise among members of the right flank of the GOP is one of the factors that cost the previous speaker his job.

None of the infighting came as a surprise to former Representative Denver Riggleman, who served one term in Congress as a Republican for Virginia’s fifth congressional district before losing a primary challenge from a more conservative candidate.  

Like many in his party, Riggleman supported small government, the Second Amendment, and border security — but he also supported legalizing marijuana and providing some exceptions for abortion. 

“I was told I was a new type of Republican,” Riggleman said on the Big Take podcast. 

On this episode, Riggleman shares the story of his brief and explosive tenure in congress.

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The EV Era Is Here. And China Is In The Lead Nov 15, 2023

The transition from combustion engines to electric vehicles is well under way. It's a critical part of a historic transformation that will soon affect all consumers and businesses alike. In the race to dominate the market for EVs, China has been the standout as US companies struggle to become competitive.

Bloomberg’s Colin McKerracher and Malcolm Scott join host Rosalind Mathieson to dig into how the EV revolution is shaking up the global economy.

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Why Wall Street Sells So Many Car Loans That Buyers Can’t Pay Off Nov 14, 2023

Bloomberg’s Paige Smith and Scott Carpenter join this episode to talk about why the subprime auto loan market is thriving—and what that means for lower-income car owners who face high interest rates and the possibility of losing their vehicles.

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Elon Musk’s Neuralink Wants To Get Inside Your Head Nov 13, 2023

Bloomberg’s Ashlee Vance joins this episode to talk about his exclusive reporting on Neuralink, Elon Musk’s brain implant startup that’s gearing up for its first human clinical trial.

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Introducing: Elon, Inc. Nov 12, 2023

At Bloomberg, we’re always talking about the biggest business stories, and no one is bigger than Elon Musk.

In this new chat weekly show, host David Papadopoulos and a panel of guests including Businessweek’s Max Chafkin, Tesla reporter Dana Hull, Big Tech editor Sarah Frier, and more, will break down the most important stories on Musk and his empire. Listen wherever you get your podcasts.

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Consumer Brands Keep Getting Pulled Into Politics Nov 10, 2023

What do Nike, Bud Light, Target and Disney have in common? They’re all brands that have been caught up in America’s political and culture wars. Corporations once tried to stay out of politics. Now they often find themselves under pressure from customers to take a stand on issues including racial discrimination, police violence and LGBTQ rights. And that’s sometimes led to protests and calls for boycotts.

Bloomberg Businessweek’s national correspondent Joshua Green reports that many CEOs must now weigh which poses a bigger risk to their brands—speaking up or staying quiet.

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US Veterans Are Losing Their Homes As Covid Mortgage Relief Ends Nov 09, 2023

During the pandemic, the US government granted millions of homeowners a temporary pause in their mortgage payments. Hundreds of thousands of military veterans were among those who participated in the program. After the pause lifted, they thought they would pick up their payments where they’d left off. For many of them, that wasn’t the case.

Bloomberg's Caleb Melby and Polly Mosendz join this episode to explain why veterans across the country have found themselves battling lenders that are threatening to foreclose on their homes—and what if anything is being done to help them.

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Previewing the Republican Primary Debate With Governor Chris Sununu Nov 08, 2023

New Hampshire Governor Chris Sununu is still playing the Republican presidential primary field. With a little more than two months until the first caucus, the four-term Republican governor still hasn't made a pick. And he’s a major voice in his party — someone who some Republicans and independents wish had run for president himself. He instead chose to advise other candidates in the race.

“Republicans could be in real trouble in ’24,” Sununu told Senior Washington Correspondent Saleha Mohsin. “We lost in ’22.”

Mohsin spoke with Sununu over Zoom about the third Republican presidential primary debate and what the 2024 election means for the future of the party.

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The Junk Food Industry Finds Its Next Sweet Spot: India Nov 07, 2023

Bloomberg’s Pratik Parija and Kai Schultz join this episode to discuss why the packaged food and beverage industry has its sights set on India—and what that means for the health and wellbeing of the 1.4 billion people who live there.

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The Company That Made Your Phone Wants To Make Your EV, Too Nov 06, 2023

The Taiwan-based company Foxconn builds roughly two out of every three iPhones, along with the Google Pixel, Amazon Kindle, Nintendo Switch and a slew of other popular products. Bloomberg’s Reed Stevenson joins this episode to talk about Foxconn’s ambitious new goal: to become a major manufacturer of electric vehicles.

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Growing Pressure On Israel Over The Humanitarian Crisis In Gaza Nov 03, 2023

Bloomberg’s Henry Meyer and Galit Altstein join this episode with an update on the Israel-Hamas war, including the growing humanitarian crisis in Gaza; calls from the US and other nations for a pause in the fighting; and the latest on negotiations to free the hundreds of hostages Hamas is holding in Gaza.

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The Man With $1.2 Trillion to Spend and an Infrastructure Plan to Sell Nov 01, 2023

In November 2021, President Joe Biden signed the $1.2 trillion Bipartisan Infrastructure Act into law. That hasn’t translated into a clear political win for a president seeking reelection, though.

According to a recent Bloomberg/Morning Consult poll, only 38% of voters in seven swing states say they trust President Joe Biden to handle infrastructure, compared to 42% who trust former President Donald Trump. That’s not just bad news for Biden, it’s bad news for White House Senior Advisor Mitch Landrieu, the president’s “infrastructure coordinator.”

Senior Washington Correspondent Saleha Mohsin sat down with Landrieu for The Big Take. Landrieu discussed the challenges facing an administration that wants credit for uniting Congress on this historic investment, and how his experience in local and state government rebuilding New Orleans after Hurricane Katrina informs his approach.

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Three Guilty Pleas. Two Gag Orders. One Former President’s Legal Troubles Nov 01, 2023

Bloomberg’s Zoe Tillman and Sara Forden join this episode for an update on former president Donald Trump’s ongoing legal troubles—including gag orders that restrict what he can say about cases in DC and New York, plea deals in the Georgia case by some of his former lawyers, and attempts to invoke the Constitution to remove Trump from the 2024 ballot in at least two states.

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From Poland To India, Food Security Is A Key Election Issue Oct 31, 2023

Bloomberg’s Agnieszka de Sousa joins this episode to discuss why concerns about food security have become a top issue in elections around the world—including in Argentina, Poland, New Zealand and India. And food security expert Tim Benton of Chatham House talks about what can be done to relieve growing global tensions over food.

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How Washington Plays Matchmaker For The US Gun Industry Oct 30, 2023

Bloomberg’s Jessica Brice and Michael Smith join this episode to talk about how and why the US Commerce Department is helping the firearms industry find overseas buyers for American-made guns.

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Taylor Swift Is A Pop Icon. And A Billionaire Oct 27, 2023

Taylor Swift’s monumental success is due to her talent as a performer — as well as her business acumen. Bloomberg’s Devon Pendleton and Claire Ballentine join this episode to talk about how the pop star has taken ownership of her music, built a fiercely loyal fan base–and become a billionaire in the process.

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House Republicans Finally Pick A Speaker. Who Is Mike Johnson? Oct 26, 2023

On Wednesday, after a three-week battle in the US House of Representatives, Republicans voted in a new House speaker to replace ousted speaker Kevin McCarthy. Bloomberg congressional editor Megan Scully joins this episode to answer the question people inside Washington and around the US are now asking: Who is Mike Johnson?

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How Bogus Jet Engine Parts Were Sold To Airlines Around The World Oct 25, 2023

Julie Johnsson and Siddharth Vikram Philip join this episode to discuss Bloomberg’s investigation into sales of airplane components with falsified documentation.

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Israel Debates When—And How—To Invade Gaza Oct 24, 2023

Bloomberg’s Israel Bureau Chief Ethan Bronner joins this episode to talk about the latest developments in the Israel-Hamas war.
Read more: Hostages and Hezbollah Force Israel to Rethink Gaza Ground War

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18 Wheelers. Big Open Highways. And No Driver Oct 23, 2023

Bloomberg’s Thomas Black joins this episode to talk about the progress being made in developing autonomous trucks—including the 18-wheelers that deliver goods across the US. Three companies are now testing them in Texas, and trucks without drivers could be rolling down US highways as early as next year. Plus, Chris Urmson, CEO of Aurora, one of the companies testing in Texas, discusses the road to developing driverless truck technology.

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Putin And Xi Find The Limits Of Their ‘No Limits’ Friendship Oct 20, 2023

Bloomberg’s Rebecca Choong Wilkins joins this episode to talk about this week’s meeting of Xi Jinping and Vladimir Putin in Beijing, and what it says about the complicated relationship between the two men and the nations they lead.

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A Fertility Startup Is Having Some Growing Pains Oct 19, 2023

Bloomberg's Jackie Davalos joins this episode to talk about Kindbody, a startup that operates fertility clinics around the US—and the challenges the company has faced as it expands.

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The K-Pop Mogul Behind BTS Brings His Winning Formula To The US Oct 18, 2023

Bloomberg’s Lucas Shaw and Sohee Kim join this episode to talk about Bang Si-Hyuk, South Korea’s enormously successful music mogul. The billionaire has built a K-pop empire with bands like BTS and New Jeans, and he’s now looking to expand on that model with a new, global act based in the US.

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Israel Braces For A High Risk, High Cost Fight In Gaza Oct 17, 2023

Bloomberg’s Israel bureau chief Ethan Bronner joins this episode from Tel Aviv to talk about Israel’s expected ground invasion of Gaza, and the intense diplomatic efforts by the US and other nations to avert a broader conflict in the Middle East.

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That Pink Medicine Your Kid Loves Is In Short Supply Oct 13, 2023

Bloomberg’s Ike Swetlitz and Riley Griffin join this episode to discuss what’s driving the shortage of generic drugs in the US, including amoxicillin, and what can be done to restore supplies.

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Poland’s Divisive Election Has Europe’s Full Attention Oct 12, 2023

Bloomberg’s Piotr Skolimowski and Andrea Dudik join this episode to discuss why Poland’s parliamentary elections will determine the nation’s social and political standing in Western Europe.

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Can Bob Iger Save Disney, Again? Oct 11, 2023

Bob Iger, The Walt Disney Company’s hugely successful CEO, came out of retirement last November and once again took the helm of the entertainment giant. But the company, and the industry, are facing tough new challenges. Bloomberg’s Thomas Buckley joins this episode to talk about Iger’s efforts to put Disney on solid footing for the future.

Read more:

https://bloom.bg/3E48mQY

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This podcast is produced by the Big Take Podcast team: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Rebecca Chaisson, Michael Falero and Federica Romaniello, Associate Producers: Sam Gebauer and Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili and Gilda Garcia.

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The Real Price of Work From Home Feb 13, 2023

New York and other cities have struggled to fully bounce back from the pandemic, in part because many people who can work from home either part or full time are choosing to do so. That means a lot less money is being spent in shops and restaurants. Expensive office buildings are standing partially empty and fewer passengers are paying subway and bus fares.

Reporters Emma Court and Donna Borak join this episode to talk about how work from home is transforming city life and costing downtowns billions. Tracy Hadden Loh, a fellow at Brookings Metro, explains how, as she puts it, cities can reinvent themselves to be go-to places not just between the hours of 9-5, but 5-9.

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