From OPEC powerhouses and US shale producers to countries like Guyana, global producers are drilling more oil and driving down prices. And with the potential for a ceasefire in Russia and pressure on Maduro in Venezuela, even more oil could flood the market in 2026. On today’s Big Take podcast, host David Gura sits down with Bloomberg oil trading reporter Alex Longley and Opinion columnist Javier Blas to discuss the forces driving the oil market right now, how they’re impacting different countries and why even lower prices could be on the way. Read more: The World Is Awash With Oil and Prices Are Poised to Keep Falling Hosted by: David Gura Produced by: Julia Press Reported by: Alex Longley and Javier Blas Edited by: Jeff Grocott Fact-checking by: Rachael Lewis-Krisky and David Fox Engineering by: Katie McMurran Senior Producer: Naomi Shavin Deputy Executive Producer: Julia Weaver Executive Producer: Nicole BeemsterboerSee omnystudio.com/listener for privacy information.

Lynsey Addario’s life work means  taking great risks to tell other people’s stories. She is a Pulitzer Prize winning war photographer who has been abducted twice while documenting conflicts from Afghanistan to Ukraine and Sudan.There aren’t many women in her field. In a new National Geographic documentary called “Love+War,” currently streaming on Disney+, she lets us into that world, one she’s made her profession for three decades. Addario shows how she adjusts from a work environment of grave danger and high-adrenaline to being a mother making the school run and spending time with her sons.In this conversation, she tells Mishal Husain, why she believes her job is to “bear witness” and how she came to it. She remembers the first time she used a camera and shares how her childhood prepared her to walk into any situation and connect with anyone, from soldiers to refugees and civilians living through extreme times.This interview contains descriptions of abduction, violence and sexual assault which some listeners/viewers may find distressing. 02:27 - Love+War03:34 - The turning point 06:00 - Learning about the risks07:00 “I don’t want to do this for a living”09:19 - Being held in Fallujah11:20 - On embed in Afghanistan 14:31 - Operation Rock Avalanche15:43 - Dealing with the emotion16:50 - The daughter of hairdressers in Connecticut17:44 - Getting her first camera19:30 - Planning a “shoot-list” 21:51 - Russian strike on Ukraine17:30 - Being held hostage in Libya31:02 - Survivor’s guilt33:30 Life at home36:30 - Social media and fake images 40:18 - Switching offWatch 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-interviewSee omnystudio.com/listener for privacy information.

As AI-generated images ping pong around the internet, the Walt Disney Company has been mostly playing defense, using litigation to protect its intellectual property. But last week, Disney announced a $1 billion deal with OpenAI, licensing more than 200 of its iconic Disney characters for use on OpenAI’s video platform, Sora. On today’s Big Take podcast, host Sarah Holder talks with Bloomberg tech reporter Shirin Ghaffary and entertainment reporter Thomas Buckley about the terms of the deal, the opportunities and risks for each side and whether it might spur other similar partnerships.  Read more: OpenAI Deal to License Disney Characters Is Entirely in Stock Hosted by: Sarah Holder; Produced by: Rachael Lewis-Krisky; Reported by: Shirin Ghaffary and Thomas Buckley; Edited by: Tracey Samuelson; Fact-checking by: Naomi Ng and Eleanor Harrison-Dengate. Engineering by: Katie McMurran. Senior Producer: Naomi Shavin. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

The trucking industry has long been dominated by older white men. But as those truckers steer toward retirement, who will replace them?  On today’s Big Take podcast, host Sarah Holder hits the road with Bloomberg’s Jaewon Kang, who’s been exploring how one company is trying to transform its trucking workforce. And we hear from MIT’s Chris Caplice, DAT Freight and Analytics’ Dean Croke and two Walmart truckers about what’s working for the industry and the challenges it faces on the road ahead. Read more: Walmart’s $115,000 Starting Pay and Better Rigs Draw Women to Trucking Hosted by Sarah Holder Produced by Julia Press Reported by Jaewon Kang Edited by Tracey Samuelson Fact-checking by Rachael Lewis-Krisky Engineering by Katie McMurran Senior Producer: Naomi Shavin Deputy Executive Producer: Julia Weaver Executive Producer: Nicole BeemsterboerSee omnystudio.com/listener for privacy information.

Treating cancer is a massive business. In 2024 alone, cancer treatments generated at least $200 billion in worldwide sales for the pharmaceutical industry, more than the obesity drug rush. But a Bloomberg News analysis showed that fewer than half of treatments reviewed — some of which have painful side effects — have been shown to extend patients’ lives. On today’s Big Take podcast, Bloomberg senior healthcare reporter Robert Langreth takes host David Gura inside what some doctors call the “cancer-industrial complex” — from the regulatory landscape that ushered in a wave of lucrative new drugs to the damaging financial and health impacts some treatments can have on patients. Read more: Cancer Drugs Cost More Than Ever. They Often Don’t Extend Lives. The Implants Were Supposed to Dissolve. They Didn’t. Pharma Is Pushing $200,000 Cancer Drugs When Cheaper Doses May Work Cancer Doctors Are Making a Fortune Off Drug-Trial Participants One Generic Cancer Drug Costs $35. Or $134. Or $13,000.See omnystudio.com/listener for privacy information.

The Philippines is no stranger to typhoons, but this year’s storms exposed something far uglier: a vast corruption scandal. On today’s Big Take Asia Podcast, host K. Oanh Ha speaks to Bloomberg’s Andreo Calonzo and Rosalind Mathieson about how billions of dollars earmarked for flood control vanished and what the crisis means for the country’s political and economic stability.See omnystudio.com/listener for privacy information.

All year, the jobs market, consumer sentiment, AI and inflation flashed warning signs about the economy — but 2025 managed to avoid a recession. On today’s Big Take podcast, host Sarah Holder talks with Bloomberg’s Stacey Vanek Smith and Moody’s Analytics Mark Zandi to understand what this year’s wonky economy can tell us as we head into 2026 and what to watch for in the new year. Read more: US Recession Risk Is Receding as We Move Into 2026See omnystudio.com/listener for privacy information.

Mustafa Suleyman co-founded AI lab DeepMind when he was just 26 years old. Four years later, it was acquired by Google for a reported $400 million. He is now head of Microsoft’s AI unit, where he just unveiled a new superintelligence team tasked with creating an AI that can outperform humans at all tasks.In this conversation with Mishal Husain, Suleyman talks about the decisions society has to make about AI, the white-hot war over tech talent and the competition with other tech bros.  00:00 - Introduction from Mishal Husain02:20 - Suleyman’s daily use of AI04:52 - Stoicism and the magic of AI05:50 - Defining superintelligence07:35 - The AI Wild West09:20 - Humans misusing technology11:43 - Promise of abundance, universal basic income14:30 - Suleyman’s family and decision to drop out of Oxford19:37 - "Decisions we make may have very lasting consequences”21:04 - Exploring the ‘broligarchy’22:28 - His view of Sam Altman and Open AI24:11 - Conversations with Demis Hassabis about Gemini 326:15 - “I’m sort of a centrist these days”28:09 - AI containment and the role of government 29:58 - Microsoft’s revised deal with OpenAI: “It is a shift for us”31:42 -The talent war and ‘Zuck’s’ pay packages34:12 - Circular deals in AI: “Watching it carefully”36:22 - “I really want to nail medical superintelligence”37:36 - Suleyman on using AI for emotional support40:21 - The UK lacks the “hustle culture” of Silicon Valley42:13 - AI news reporters: “We’re exploring everything” 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.See omnystudio.com/listener for privacy information.

Depending on who you talk to, AI is the key to remaking industries and jobs – or a bubble ripe to pop. And if you’re an investor, you’re already exposed. So what’s the best strategy for investing in AI now? On today’s Big Take podcast, host Sarah Holder and Bloomberg personal finance reporter Suzanne Woolley talk to experts – ARK Invest’s Cathie Wood, Fidelity International’s Taosha Wang, Allspring Global Investments’ Michael Smith and Janus Henderson Investors’ Denny Fish – about coming AI investment waves and potential warning signs. See omnystudio.com/listener for privacy information.

From rising costs to shifting markets, American farmers are struggling to make ends meet. Now, the White House is stepping in. On today’s Big Take podcast, David Gura sits down with Bloomberg agriculture Reporter Erin Ailworth and a fifth-generation farmer to discuss President Trump’s $12 billion farm aid plan. What prompted the move, which sectors will be eligible and how ongoing tensions between the US and China have upended the market for certain crops and shifted how the US exerts its influence overseas. Read more: https://www.bloomberg.com/news/articles/2025-12-08/us-farmers-say-12-billion-bailout-won-t-end-industry-slump See omnystudio.com/listener for privacy information.

On Wednesday, the Federal Open Market Committee cut rates by 25-basis points. It was the scenario a lot of close watchers of the Federal Reserve expected — but what comes after this Fed Meeting is an open question. With President Trump poised to name Chair Jerome Powell’s replacement by early 2026, both markets and the Federal Reserve itself could start to look to Trump’s nominee for guidance. Kevin Hassett has emerged as the front-runner for the role, who currently serves as director on Trump’s Council of Economic Advisers. On Today’s Big Take podcast, Bloomberg Economics’ Chief US Economist Anna Wong joins host Sarah Holder to break down the economic impact of the latest rate cut and what the Federal Reserve could look like next year if Hassett is nominated to succeed Powell. Read more: Fed Cuts Rates With Three Dissents, Projects One Cut in 2026See omnystudio.com/listener for privacy information.

The US tariff war with China sent American companies scrambling to find alternative manufacturing hubs. India looked promising until the White House upended everything.  On today’s Big Take Asia podcast, K. Oanh Ha heads to India, where she goes inside two toy factories scrambling to adapt to Washington’s shifting trade policies. How sky-high tariffs are undercutting India’s ambitions to take China’s crown as the world’s factory floor and forcing American manufacturers to make a tough choice.  Read more: Cutting Ties With China Is Harder Than Companies Expected Further listening: An American Toymaker Struggles to Break Up With ChinaThe American Toymaker Suing Trump Over Destructive TariffsSee omnystudio.com/listener for privacy information.

After last month’s passage of the Epstein Files Transparency Act, the US Department of Justice is on the clock to release an enormous cache of documents related to convicted sex trafficker Jeffrey Epstein. So what could be in the files? And what might the government hold back?  On today’s Big Take, host David Gura is joined by Bloomberg investigative reporter Jason Leopold, who specializes in making government documents public and co-hosts Bloomberg’s Disclosure podcast. They talk through how the release could play out and how to parse the files once they’re available. Subscribe to Jason’s FOIA Files newsletter and Disclosure podcastSee omnystudio.com/listener for privacy information.

Salman Rushdie was nearly killed when he was stabbed 15 times on stage in upstate New York in 2022. His injuries were so severe that he lost an eye. It was an attack that came decades after he was first subjected to death threats over his novel, The Satanic Verses.Once he had recovered, he found he was unable to write fiction. However, after publishing an account of what happened to him, the stories returned, with five brought together in his latest book, The Eleventh Hour.In this conversation with Mishal Husain, Rushdie talks about free speech, the family connection they both share and the places he’s called home, from India to Britain and the US. 02:30 - “Don’t waste your time”04:40 - Writing as a form of optimism05:00 - Starting out as a writer 08:00 - Meeting E.M. Forster as a teenager10:00 - “You write the story to find out what story you’re writing”11:15 - Writing Midnight’s Children 12:46 - The family connection between Salman Rushdie and Mishal Husain14:35 - The women in the family16:00 - Getting together as a family17:55 - Returning to India to write about childhood20:30 - Reclaiming India 22:55 - India today and Prime Minister Modi24:24 - “If you’re paying attention you see things coming”24:50 - The family reacts to Midnight’s Children26:44 - A farewell to India? 28:45 - Before and after the fatwa31:30 - Defending free speech 32:25 - Banning books in the US34:30 - Zohran Mamdani’s campaign38:50 - The next novel 40:25 - “I’m a bit clumsier”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.See omnystudio.com/listener for privacy information.

News broke overnight that Netflix is acquiring Warner Bros. Discovery in a cash-and-stock deal valued at $82.7 billion.  It’s a deal raising eyebrows in the entertainment industry, from Netflix competitors including Paramount — and reportedly even the White House.  On today’s Big Take, host David Gura sits down with Screentime writer and entertainment reporter Lucas Shaw to discuss the ins and outs of the deal, what we know about how it would impact viewers at home, and the regulatory challenges moving forward.See omnystudio.com/listener for privacy information.

Excel. If you 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.See omnystudio.com/listener for privacy information.

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.” Read more:  Bitcoin Jumps Back Above $90,000 After Bruising Selloff What Does Bitcoin’s Drop Mean? Depends on Who You Ask The 26-Minute, 51% Wipeout That Deepened Trumps’ Crypto Woes See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.  Read more: US Says Ukraine Talks Productive as Witkoff Heads to Russia Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump Witkoff Discusses Ukraine Plans With Key Putin Aide: Transcript See omnystudio.com/listener for privacy information.

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.  See omnystudio.com/listener for privacy information.

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. Read more: How Doodles Became A Billion-Dollar BusinessSee omnystudio.com/listener for privacy information.

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. Read more: Hassett Emerges as Frontrunner in Trump Fed Chair AuditionSee omnystudio.com/listener for privacy information.

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. Read more: China Asks Airlines to Extend Japan Flight Cuts Until March 2026 - Bloomberg Further listening: How APEC Become a Battleground for US-China InfluenceSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more:  Trump’s $2,000 Tariff ‘Dividend’ Marks Throwback to Covid Checks Trump’s $2,000 Tariff Check Idea Draws Republican Resistance See omnystudio.com/listener for privacy information.

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 academic06:45 - Falling in love with physics08:00 - What is intelligence?08:40 - Finding my first North Star 09:45 - Fei-Fei Li’s two key breakthroughs14:52 - Moving from China to the US at 1515:48 - Running the family shop taught me resilience17:30 - “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 AI27:20 - AI and the jobs market28:40 - Are humans going to be replaced? 31:00 - “The machine overlord”32:45 - What should parents tell their children? 34:40 - The AI bubble36:00 - Powering the big data centres AI needs37:20 - “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 values42:00 - “My favourite book these days is Harry Potter”Watch this podcast here: 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-interviewSee omnystudio.com/listener for privacy information.

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. Read more: Oxford University Has Failed Women Over Harassment Concerns, Staff SaySee omnystudio.com/listener for privacy information.

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. Read more: Nvidia’s Huang Says Company Has Plenty of New Chips to Sell It's OK, Nvidia Says There's No AI Bubble See omnystudio.com/listener for privacy information.

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. Read more: The Job Market Is Heating Up — for Jobs That People Usually Don't WantSee omnystudio.com/listener for privacy information.

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. Read more: China Pushes Boundaries With Animal Testing to Win Global Biotech RaceSee omnystudio.com/listener for privacy information.

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.  Read more:  The Offshoring of America’s Retirement Savings When Wall Street’s Insurance Playbook Goes Wrong See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 EconomySee omnystudio.com/listener for privacy information.

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?See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 DreamsSee omnystudio.com/listener for privacy information.

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. Read more: ‘Jenga Tower’ US Economy Teeters as Middle Class Pulls Back SpendingSee omnystudio.com/listener for privacy information.

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 Revolution06:55 - Reluctancy to write about Russian women12:55 - What a “horrible boyfriend” Vladimir Putin was16:50 - 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 Putin34:30 - American authoritarianism, risk of “one party state”Watch this podcast: 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-interviewContact The Mishal Husain Show mishalshow@bloomberg.netSee omnystudio.com/listener for privacy information.

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 VenezuelaSee omnystudio.com/listener for privacy information.

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. Read more: The US Government Shutdown Is the Longest Ever. Why Does This Keep Happening?See omnystudio.com/listener for privacy information.

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. Read more: Wall Street Drops Fear of ‘Hot Commie Summer’ in Overture to Mamdani Allow Zohran Mamdani to Reintroduce Himself New York’s Golden Handcuffs: Why the City Has a Special Hold on the Rich See omnystudio.com/listener for privacy information.

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. Read more: Xi Calls for Stable Supply Chains After Sealing Trump Truce  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 podcastsSee omnystudio.com/listener for privacy information.

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. Read more: Wave of US Layoffs Flash Early Warning Sign for Job MarketSee omnystudio.com/listener for privacy information.

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 Prize05:38 - US Military build up10:21 - Prospect of US ground strikes13:10 - Is Machado speaking to the Trump Administration?16:00 - Prospect of regime change18:50 - Venezuela after Maduro23:04 - Machado's economic vision26:04 - 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  See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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. Read more: Trump and Xi Put Limits on Their Trade War in a ‘12 Out of 10’ SummitSee omnystudio.com/listener for privacy information.

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. Read more: Powell Says December Rate Cut ‘Far From’ Forgone Conclusion Here Are the Five Contenders to Replace Powell as Fed Chair The Economic Data Lost in a ShutdownSee omnystudio.com/listener for privacy information.

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 TariffsXi’s Top Bargaining Chip Is a Trade War Game ChangerSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 1980s11:46 Alignment with the European Union13:33 “Everything in life’s about risk”16:24 “Make Britain Great Again”21:00 The Bank of England25:19 “Putin is a very bad dude”30:15 Immigration and ICE raids35:12 Economic plans46:14 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.netSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Distant ICE Detention Centers Bring Money—and Anger—to an Alaska Native CommunityWhy Small Towns Are Hooked on ICE DetentionSee omnystudio.com/listener for privacy information.

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. Read more: Xi Is Never Giving Up His Newfound Leverage Over TrumpFurther listening: Xi’s Bromance Diplomacy Is Challenging Trump’s World OrderThe Rebel Army Behind One of the World’s Major Rare-Earth SuppliesSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: A 7-Minute Louvre Heist Leaves Behind DNA and Dropped CrownSee omnystudio.com/listener for privacy information.

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.netSee omnystudio.com/listener for privacy information.

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? Read more: Inside the Credit Card Battle to Win America’s Richest Shoppers Take Bloomberg’s Quiz: Which Premium Credit Card Is Right For You? See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Gold (XAUUSD) Trades Near Record on Fed Rate-Cut Sign, US-China Tensions - BloombergSee omnystudio.com/listener for privacy information.

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. Read more: Korean Companies Pay Employees Huge Sums to Have More KidsSee omnystudio.com/listener for privacy information.

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. Read more: Kentucky Governor Grapples With Tariffs, Says 2028 Call Can Wait - BloombergSee omnystudio.com/listener for privacy information.

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.  Read more: A Rebel Army Is Building a Rare-Earth Empire on China’s BorderSee omnystudio.com/listener for privacy information.

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 DealSee omnystudio.com/listener for privacy information.

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. Read more: OpenAI, Nvidia Fuel $1 Trillion AI Market With Web of Circular DealsSee omnystudio.com/listener for privacy information.

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. Read more: Japan Braces for Shift to Right Under ‘Iron Lady’ Fan Takaichi - BloombergSee omnystudio.com/listener for privacy information.

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. Read more: How Debt Collectors Spin Riches from Zombie LoansSee omnystudio.com/listener for privacy information.

Today on the Big Take, we hear from our colleagues over at Everybody'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.See omnystudio.com/listener for privacy information.

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. Read more: Baby Boomers Now Live Next to 18-Year-Olds at Colleges Across USSee omnystudio.com/listener for privacy information.

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. Read more: Even New York City’s Wealth Renters Can’t Avoid the Housing Crisis Listen more: Odd Lots - Zohran Mamdani, the Socialist Who Could Be NYC's New MayorSee omnystudio.com/listener for privacy information.

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. Read more: How the US Government Shutdown Will Affect Key Agencies Republicans Weigh Big Cuts as Senators Grasp for Shutdown Deal US Firms Shed 32,000 Jobs in ADP Report After Data Adjustment See omnystudio.com/listener for privacy information.

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. Read more: AI Data Centers Are Sending Power Bills SoaringSee omnystudio.com/listener for privacy information.

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. Read more: US Economy Will Only Get Murkier If Key Data Is Delayed in ShutdownSee omnystudio.com/listener for privacy information.

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. Read more: IVF Disrupted: The Kindbody StorySee omnystudio.com/listener for privacy information.

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. Read more: IVF Disrupted: The Kindbody StorySee omnystudio.com/listener for privacy information.

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. Read more: US Readies $20 Billion Rescue to Help Milei Win In ArgentinaSee omnystudio.com/listener for privacy information.

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?See omnystudio.com/listener for privacy information.

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. Read more: TikTok’s Algorithm to Be Secured by Oracle Under Trump Deal 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?See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: IVF Disrupted: The Kindbody StorySee omnystudio.com/listener for privacy information.

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. Read more: IVF Disrupted: The Kindbody StorySee omnystudio.com/listener for privacy information.

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. Read more: IVF Disrupted: The Kindbody StorySee omnystudio.com/listener for privacy information.

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. Read more: Rich Americans Are Driving a $200 Billion Boom in Complex BetsSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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: After Rate Cut Powell Says Jobs Market No Longer Very Solid Bessent, Like Fed Governor, Made Contradictory Mortgage Pledges Further listening: Why Trump Is Trying to Fire Lisa Cook See omnystudio.com/listener for privacy information.

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. Read more: Gen Z Protesters Are Challenging Asia’s Old Guard Further listening: After a Deadly Student Uprising, Bangladesh Starts Over, AgainSee omnystudio.com/listener for privacy information.

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. Read more: Musk’s $1 Billion Tesla Stock Buy Sends Shares Up for 2025See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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. Read more: Epstein’s Inbox: A Trove of Emails Reveals Ghislaine Maxwell’s SecretsSee omnystudio.com/listener for privacy information.

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 SiriusSee omnystudio.com/listener for privacy information.

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. Read more: Xi Unites a World That Doesn’t Want to Be Pushed Around by Trump 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 MaoSee omnystudio.com/listener for privacy information.

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. Read more: How Trump’s War on Climate Science Impacts All AmericansSee omnystudio.com/listener for privacy information.

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.  Read more: Google Dodges Chrome Sale In Antitrust Ruling; Shares Soar Google Saved From Breakup in Antitrust Case by AI ThreatSee omnystudio.com/listener for privacy information.

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? Read more: Trump’s Housing Chief Wants to Build, But With What?See omnystudio.com/listener for privacy information.

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.  Read more: Global Bond Selloff Deepens With Longer Debt Leading Losses See omnystudio.com/listener for privacy information.

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. Read more: Xi Unleashes China’s Biggest Purge of Military Leaders Since Mao Further listening: The Shadowy Fleet of Tankers Moving Iranian Oil to China Tensions Are Growing in the South China SeaSee omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. Read more: Scientist Shuts Himself in 104F Chamber in Quest to Study Heat StressSee omnystudio.com/listener for privacy information.

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. Read more:  Taylor Swift Engagement Ignites Bets on Super Bowl and a Baby The Taylor Swift Wedding Trade See omnystudio.com/listener for privacy information.

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. Read more: South Korea’s $150 Billion Bet on Trump’s Shipbuilding DreamSee omnystudio.com/listener for privacy information.

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. Read more: Trump Moves to Fire Fed’s Cook, Setting Up Historic FightSee omnystudio.com/listener for privacy information.

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.  Read More: Mail Carriers Pause US Deliveries as Tariff Shift Sows ConfusionSee omnystudio.com/listener for privacy information.

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)See omnystudio.com/listener for privacy information.

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. Read more: Making Fruit Snacks Without Synthetic DyeSee omnystudio.com/listener for privacy information.

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. Read more: The True Cost of Firing a CEOSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more:  How Gaza Descended Into a Hunger Crisis, Explained  Israel Intends to Fully Take Over Gaza Despite Global IsolationSee omnystudio.com/listener for privacy information.

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.  Read more: How Hims Became the King of Knockoff Weight-Loss Drugs Cheap Ozempic Knockoffs Are Suddenly Everywhere. Are They Safe? The Weight-Loss Drug Boom’s Prescription Problem Listen and follow The Big Take on Apple Podcasts, Spotify or wherever you get your podcasts.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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? Read more: It’s Only a Matter of Time Until Americans Pay for Trump’s TariffsSee omnystudio.com/listener for privacy information.

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. Read more: Greenland’s Rare-Earth Dreams Are Luring Trump AlliesSee omnystudio.com/listener for privacy information.

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. Read more: Trump Signs Order Easing Path for Private Assets in 401(k)sSee omnystudio.com/listener for privacy information.

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. Read more: The Trump Family’s Money-Making MachineSee omnystudio.com/listener for privacy information.

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.  Read more: Trump Vows to Ramp Up India Tariffs in Escalation of Russia Spat Further listening: Is Trump’s Trade War Strategy Working?See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 HammerSee omnystudio.com/listener for privacy information.

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. Read more: US Housing Market Posts Worst Spring Selling Season in 13 YearsSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 UtilitySee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Oil-Rich University of Texas Wants to Cash In on AI, Crypto and PowerSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: US Tariffs Are Changing Europe’s Approach to Chinese Investment Further listening: The American Toymaker Suing Trump Over Destructive TariffsSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Ex-NYPD Commissioner Sues Adams Over ‘Systemic Corruption’ Adams’ Fundraising Doubles Mamdani’s Since Shock NYC Primary See omnystudio.com/listener for privacy information.

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. Read more: Retailers Locked Up Their Products—and Broke Shopping in AmericaSee omnystudio.com/listener for privacy information.

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. Read more: Jane Street’s Trading Secrets Spill Into Open and Face Rivals’ ScrutinySee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Humbled Thai Billionaire Is a Warning to Trump-Era PopulistsFurther listening: What Thailand's Same-Sex Marriage Victory Means for the EconomySee omnystudio.com/listener for privacy information.

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.  Read more:  Trump’s 50% Copper Import Tariff Said to Include Refined Metal   Once-in-a-Generation Copper Trade Upends a $250 Billion MarketSee omnystudio.com/listener for privacy information.

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.  Read more: No Alerts Heard in Deadly Texas Flash Flood as 161 Still MissingSee omnystudio.com/listener for privacy information.

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 LowSouth Korea Has Plenty of Botox But Not Enough Doctors Why China’s Investment Bankers Are Breaking Up With CapitalismSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more:  US Auto Sales Lose Steam After Tariff-Induced Shopping SpreeSee omnystudio.com/listener for privacy information.

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. Read more: Chinese Toymaker Takes Drastic Action to Survive Trump’s TariffsFurther listening: Live from Hong Kong: Why China Can Afford to Wait for a Deal, and the US Can’tThe US and China’s High-Stakes DiplomacySee omnystudio.com/listener for privacy information.

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. Read more: Why Two Million Tourists Are Boarding Cruise Ships on a Texas IslandSee omnystudio.com/listener for privacy information.

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. Read more: Los Angeles Lakers Confirms Majority Stake Sale to Mark Walter See omnystudio.com/listener for privacy information.

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. Read more: Inside Gap’s Last-Ditch, Tariff-Addled Turnaround PushSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 WorldSee omnystudio.com/listener for privacy information.

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: Trump’s $12 Billion Tourism Wipeout The US Is on Track to Lose $12 Billion in Travel Revenue in 2025 See omnystudio.com/listener for privacy information.

As the debate about President Trump’s tax bill — known as the “One Big Beautiful Bill” — plays out among lawmakers in Washington, there’s been increasingly heated criticism of the non-partisan Congressional Budget Office. It calculates the costs and savings from the bill — including from the White House. On today’s episode of the Big Take, host Saleha Mohsin sits down with CBO director Phillip Swagel to hear how his agency churns out economic forecasts from inside the center of a political storm. Further listening: Stephen Miran Explains Why There’s No Secret Dollar PactSee omnystudio.com/listener for privacy information.

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. Read more: Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions - BloombergSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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’tSee omnystudio.com/listener for privacy information.

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.  Read more: Starmer Says UK Has ‘Grave Concerns’ on Iran Nuclear Program Starmer Signals Support for 3.5% NATO Aim With Talks on Date Update on June 16: Corrects spelling of Keir Starmer in episode descriptionSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Bessent Emerging as a Contender to Succeed Fed’s PowellSee omnystudio.com/listener for privacy information.

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. Read more: China, US Haggle Over Details as Trade Talks Stretch OnSee omnystudio.com/listener for privacy information.

Today on the Big Take, Bloomberg national immigration reporter Alicia Caldwell joins host David Gura from Los Angeles to discuss the protests over ICE immigration raids, the clash between California and the federal government and how this fight could play out in other cities and in the courts.See omnystudio.com/listener for privacy information.

Broadway has always been a high-risk, high-reward kind of business — but with costs to mount a production higher 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.See omnystudio.com/listener for privacy information.

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 EngineersListen more: A skilled worker shortage is becoming an ‘existential’ problem for the energy transition: Bottleneck SeriesSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 BWatch, from Originals: Nintendo’s High-Stakes Bet on the Switch 2Further listening: A Turning Point in Trump’s Trade WarSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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, ExplainedCould the Chinese Yuan Ever Replace the US Dollar? Watch, from Originals: Why the US Is Getting DowngradedSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Here Are the Many Ways Trump Is Attacking HarvardSee omnystudio.com/listener for privacy information.

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. Read more: Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back?See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: The Beauty Salon Recession Indicator Estée Lauder Forecasts Return to Sales Growth in 2026 See omnystudio.com/listener for privacy information.

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 AISee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Why Apple Still Hasn’t Cracked AISee omnystudio.com/listener for privacy information.

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.”See omnystudio.com/listener for privacy information.

President Trump is wrapping a whirlwind trip to the Middle East — complete with a flurry of proposed investment deals , controversial gifts and a major shift in US-Syria policy. On today’s Big Take podcast, Bloomberg’s Joumanna Bercetche joins host David Gura to unpack the biggest headlines from the president’s tour of the Persian Gulf and discuss what they tell us about his larger plans for the region. See omnystudio.com/listener for privacy information.

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.  Read more: Addicted to ICESee omnystudio.com/listener for privacy information.

Last week, India and Pakistan saw the worst fighting in half a century — and came close to an all-out war. But the conflict came to an uneasy and sudden halt after Donald Trump declared the two countries reached a ceasefire.  On today’s Big Take Asia Podcast, Rebecca Choong Wilkins talks to Bloomberg’s Dan Strumpf about how the deadly clashes and ceasefire unfolded and the implications of US mediation in the decades-old conflict.   Read more: Trump Truce Leaves India Furious, Pakistan Elated as Risks LoomFurther listening: The Rise of Modi, Part 1: Why India’s Leader Is So Popular – and Polarizing The Rise of Modi, Part 2: How India’s Leader Came Back From the BrinkSee omnystudio.com/listener for privacy information.

In a stunning turn of events, the US and China announced a dramatic reduction in tariffs, which President Trump portrayed as a “total reset” with China. Stocks rose following the news, but what lies ahead once the 90-day reprieve expires remains uncertain. On today’s Big Take podcast, Bloomberg Treasury reporter Dan Flatley joins host David Gura to discuss the major takeaways from these latest negotiations and what they could mean for the world’s two largest economies. Read more: ‘Buy America’ Sweeps Across Global Markets After Trade Talks China Tariff Relief Spurs Shipping Rush, U-Turn on Price Hikes Nasdaq 100 Enters Bull Market After US-China Truce: Markets Wrap See omnystudio.com/listener for privacy information.

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. Read more: The Global Matcha Boom Is Driving a Shortage in JapanFurther listening: Japan’s Small Businesses Have a Problem. They Don’t Know How to Raise PricesSee omnystudio.com/listener for privacy information.

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? Read more: Apple Eyes Move to AI Search, Ending Era Defined by GoogleSee omnystudio.com/listener for privacy information.

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. Read more: A Former TV Writer Found a Health-Care Loophole That Threatens to Blow Up ObamacareSee omnystudio.com/listener for privacy information.

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.  Read more: CEO Explains How He Faked Results in $300 Million MeltdownSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: A $6 Billion Shortfall Has US Mass Transit Facing a Death Spiral  See omnystudio.com/listener for privacy information.

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? Read more of Shelly Banjo’s work.See omnystudio.com/listener for privacy information.

The uncertainty caused by Trump’s tariff policies has been spooking business leaders and roiling the markets. And according to Goldman Sachs CEO David Solomon, there could be more economic pain ahead — at least in the short term.  Today on the Big Take, Bloomberg editor-at-large Francine Lacqua sits down with Solomon at the Norwegian sovereign wealth fund’s annual investment conference in Oslo. He shares his thoughts on the fate of the US dollar as a reserve currency, opportunities for new investment in European markets and his predictions for global growth in the coming year.  Read more: Goldman’s Solomon Says Markets to ‘Settle Down’ After ChaosSee omnystudio.com/listener for privacy information.

In electing Mark Carney as prime minister, Canadians have given him and the Liberal Party a mandate. But it was a narrow victory — one that will require Carney to work with another party to achieve his priorities. His most urgent: trade talks with US President Donald Trump. On today’s Big Take podcast, David Gura sits down with Canadian government reporter Brian Platt in Ottawa to discuss the results of the election, what a fourth consecutive Liberal term means for the country’s future and how Carney might try to position Canada in trade negotiations.See omnystudio.com/listener for privacy information.

President Trump will celebrate 100 days back in office this week. The milestone comes amid a US-China trade war, ongoing conflict overseas and high-stakes battles over the future of higher education.On today’s Big Take podcast, Bloomberg’s Josh Wingrove joins host David Gura to take stock of how Trump has used the last three months to reshape everything from global trade and immigration to the American presidency — and what they reveal about the road ahead.See omnystudio.com/listener for privacy information.

Tuition at US colleges and universities is higher than ever. But an exclusive new Bloomberg analysis reveals that the cost of a four-year degree is particularly burdensome for middle class students and their families. On today’s Big Take podcast, Bloomberg’s Francesca Maglione and Paulina Cachero join David Gura to break down the real cost of attending the most selective colleges and universities in the US — and how that cost changes depending on how much a family makes.Read more: Top Colleges Are Too Costly Even for Parents Making $300,000See omnystudio.com/listener for privacy information.

For decades, workers, disability advocates and employers have debated a program called 14(c), a section of employment law that lets companies pay certain employees with disabilities less than the federal minimum wage. Proponents say the program provides opportunities for people who might not find them elsewhere. Critics say it’s exploitative and stigmatizing.  On today’s Big Take podcast, Bloomberg senior reporter Josh Eidelson joins host Sarah Holder to dig into the debate over subminimum wage and the future of the program under President Trump. Read more: It’s Legal to Pay US Workers With Disabilities as Little as 25¢ an HourSee omnystudio.com/listener for privacy information.

The International Monetary Fund released a forecast this week projecting that global GDP will grow just 2.8% — down half a percentage point since US President Donald Trump unleashed a raft of tariffs on April 2. Their projection for US GDP growth was particularly grim: Down nearly an entire percentage point from expectations earlier this year.  And they’re not alone. As economists try to measure the potential outcome from the current trade war and the whiplash of on-again-off-again tariffs, Bloomberg Economics landed on similar GDP projections On today’s episode of the Big Take, host Sarah Holder is joined by Bloomberg’s Enda Curran and Bloomberg Economics Chief Economist Tom Orlik to discuss what these projections can — and can’t — tell us about where the trade war could lead.See omnystudio.com/listener for privacy information.

Chinese toy company Pop Mart is one of the hottest stocks this year thanks to the wild popularity of its Labubu dolls and other blind box toys. On today’s Big Take Asia podcast, host K. Oanh Ha talks to Bloomberg Opinion’s Shuli Ren about how the company’s business model could help it ride out the trade-war storm. Read more: China’s ‘Blind Box’ Magic Breeds Millions of Peter PansFurther listening: How China’s BYD Became King of the Affordable EVSee omnystudio.com/listener for privacy information.

President Trump’s attacks on Federal Reserve Chair Jerome Powell just keep coming. Today on the Big Take, Bloomberg’s Michael McKee and Saleha Mohsin join Sarah Holder and David Gura to ask: Can the president actually fire Powell? And what impact could his ongoing threats have on the US dollar and global financial markets? Read more: Markets Are Discovering the Real Trump Trade Is ‘Sell America’See omnystudio.com/listener for privacy information.

Amid tariff whiplash, renewed inflation concerns and turbulence in financial markets, Americans are left wondering: Do the economic vibes match our economic reality? And are we headed for a recession?Today on the show, Bloomberg senior markets editor and columnist John Authers joins host David Gura to discuss official and unofficial recession indicators and what the state of the economy tells us about what could be ahead.See omnystudio.com/listener for privacy information.

As the trade war between Donald Trump and Xi Jinping continues to escalate, economists around the world are asking who will blink first. On today’s Big Take podcast, Bloomberg’s John Liu and Jennifer Welch join host David Gura to discuss what it will take for both presidents to come to the negotiating table, how the current state of China’s economy impacts its positioning in the trade war and why hardball tactics are unlikely to work this time around.See omnystudio.com/listener for privacy information.

For years, a rubber and palm oil company that supplies some of the world’s top tiremakers has been dogged by allegations of sexual coercion at its plantations. Socfin — short for Société Financière des Caoutchoucs — says it has taken steps to improve matters, but an exclusive Bloomberg report shows those claims remain widespread. On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg’s Sheridan Prasso to discuss her investigation into why the abuse has been so hard to stop — and a new EU law that could give corporations like Socfin a big incentive to reform.Read more: Sex-for-Work Allegations Hang Over Tycoons' Rubber PlantationsSee omnystudio.com/listener for privacy information.

For decades, Singapore’s Kwek family, owners of one of the city’s biggest developers, looked to be the model of a successful family-run business. But that image was shattered when the family patriarch filed a lawsuit against his son. On today's Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Sheryl Lee and Dexter Low to examine what happened behind the boardroom doors of City Developments and how investors are navigating its fallout.  Further listening: A New Breed of Scammer Is Targeting Asia's Ultra-Rich See omnystudio.com/listener for privacy information.

It’s been a tough year for electric vehicles: Since President Trump took office for a second term, the US has started a complete 180 on its investment in EVs. And as Trump’s trade war continues, the industry is bracing for additional tariffs and disruption to supply chains. But one company is pushing forward: General Motors. On today’s Big Take podcast, Bloomberg Detroit Bureau Chief David Welch and host David Gura examine the road ahead for GM’s big bet on electric, and what it means for future EV buyers.Read more: GM’s Mary Barra Has to Make a $35 Billion EV Bet Work in Trump’s AmericaSee omnystudio.com/listener for privacy information.

When it comes to measuring economic pain, the cost of a humble breakfast sandwich might not be top of mind. But Bloomberg has an index that tracks the rising cost of a bacon, egg and cheese sandwich, plus a cup of coffee. And this year, it’s reached record highs.  On today’s Big Take podcast, we hear from people up and down the BEC supply chain — from a wheat farmer to a coffee roaster to a guy who turned his life-long love of eggs into a career. What does the most important meal of the day tell us about inflation, supply and demand, and the complexities of financial markets? More importantly: how did this sandwich get so expensive? Follow the BEC Index on the Bloomberg Terminal: {ECAN US BEC} Read more: A Classic New York Cheap Breakfast Hits $8 on Steep Eggs Prices Further listening: Why Eggs Are So Expensive Right NowSee omnystudio.com/listener for privacy information.

It’s been a bewildering time for retail investors trying to make sense of global markets. In the week since President Trump unveiled sweeping tariffs, markets have plunged, rebounded — and now, they’re sliding again. Meanwhile, the trade war between the US and China continues. Both announced severe new tariffs this week. On today’s Big Take podcast, Bloomberg’s Charlie Wells and host Sarah Holder try to make sense of what all this uncertainty means for your money and dig into what experts recommend doing to protect yourself right now and in the weeks and months ahead.See omnystudio.com/listener for privacy information.

It’s been a rollercoaster of a week for global markets. As President Trump goes back and forth about the size and scope of his tariffs, Bloomberg is watching one market especially closely: bonds. US Treasuries are widely seen as one of the world’s safest assets, especially in periods of financial volatility. But will they hold? On today’s episode of the Big Take DC, hosts Sarah Holder and Saleha Mohsin sit down with Bloomberg chief correspondent Liz Capo McCormick to unpack a week of sharp selloffs in the bond market, and how the swings could impact mortgage rates and student loans.See omnystudio.com/listener for privacy information.

US President Donald Trump shocked the world -- and global markets -- with tariffs that exceeded expectations last week. But there was one region that was hit harder than most: Asia. Exporting powerhouses like China and Vietnam were slapped with some of the highest levies of any country, with China now facing an additional 50% tariff, bringing the total rate of its levies to more than 100%.   On today's Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg's John Liu in Beijing and John Boudreau in Ho Chi Minh City to discuss the reactions from Asian economies and how the tariff onslaught may upend the trading world order. Read more: Trump’s Tariffs and China Collide to Shock the $115 Trillion Global Economy  Tariffs Rip Through Southeast Asia Stocks, Sink Vietnam’s MarketFurther listening:  The Trump Trade War’s First Casualty? The Bull Market Trump Announces Sweeping New Tariffs. What’s NextSee omnystudio.com/listener for privacy information.

It's been a volatile few days across global markets.  As the equity sell-off has deepened, a growing number of market strategists have revised down their targets for where the S&P 500 will be at the end of the year, and economists at several big banks have updated their forecasts. Today on the Big Take podcast, unpacking the seismic effect US President Trump’s tariffs announcement is having on markets. Bloomberg Opinion’s John Authers joins host David Gura to contextualize the market moves — and explain what’s likely to happen next.  Read more from John Authers here.See omnystudio.com/listener for privacy information.

The genetic testing company 23andMe filed for bankruptcy in March, after years of slowing sales, legal trouble, and a declining stock price. And now, the valuable trove of genetic data the company owns is for sale, sparking privacy concerns.  On today’s Big Take, Bloomberg biotech reporter Gerry Smith traces the rise and fall of 23andMe, and bankruptcy reporter Jonathan Randles outlines what a possible sale could mean for millions of users’ genetic data. Read more: Bankrupt 23andMe’s DNA Data Gets Sale Nod as Concerns LingerSee omnystudio.com/listener for privacy information.

Trump announced the steepest American tariffs in more than a century, with a 10% tariff on all exporters to the US and even higher duties on some 60 nations. China now faces a tariff well above 50% on many goods. On today’s Big Take, Bloomberg reporter Josh Wingrove joins host David Gura to discuss Trump’s “huge” announcement, and how it will reshape global trade. Read more: Trump Tariffs Everyone, With Rate on China Set to Soar Above 50%Further listening: The World Is Paying for Trump’s China Tariffs  See omnystudio.com/listener for privacy information.

India’s historic stock market surge sparked a retail-investing frenzy that minted millionaires. But the boom also became a breeding ground for financial scams.  On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Alex Gabriel Simon about the retail investors that have been cheated out of their life savings, and how this influx of scams could undermine Prime Minister Narendra Modi’s efforts to promote his nation’s stock market to global money managers. Read more: Scamsters Trick India's Retail Investors Out of Millions in Life SavingsFurther listening: Inside Southeast Asia’s Most Notorious Crime Hub Watch, from Originals: Is India's Stock Market a Bubble About to Burst?See omnystudio.com/listener for privacy information.

The Trump administration is targeting higher education. Colleges and universities across the United States are faced with the threat of funding freezes over their handling of free speech, anti-semitism and transgender issues, among other topics, on campus.    Princeton University President Christopher Eisgruber joins host David Gura to discuss the newly announced freeze on some federal grants, the role of academic research, Princeton’s commitment to free speech and more.See omnystudio.com/listener for privacy information.

President Donald Trump is calling April 2nd “Liberation Day” — that’s when the president says the world can expect the biggest salvo in his widening trade war. While the specifics are not yet clear, the symbolism is: Trump wants to usher in an era of American protectionist policy that could re-order global trade. Today on the show, Bloomberg’s Shawn Donnan joins host David Gura to discuss what we know about these new tariffs and the lessons from similarly broad tariffs in 1930. Plus, a new Bloomberg analysis of the economic impact the tariffs could have on the US economy. Read more: Trump's Tariffs Set to Make History and Break a System MAGA LoathesSee omnystudio.com/listener for privacy information.

In the series finale, our reporters try to crack the secretive companies behind nudify apps that let users create deepfakes in minutes. And a new case rocks another small town high school.   Levittown is a real-life horror story for the AI generation. In this six-part series from Bloomberg, Kaleidoscope and iHeart Podcasts, reporters Olivia Carville and Margi Murphy take listeners from quiet suburbs of New York to as far as New Zealand and into the darkest corners of the Internet. Where tech moves faster than the law, and it’s up to everyday people to hold back a rising tide of explicit deepfakes.For official transcripts and additional information on this series, go to bloomberg.com/levittownSee omnystudio.com/listener for privacy information.

Kayla faces down her harasser in court. In New Zealand, an investigator summons a global army of hackers.   Levittown is a real-life horror story for the AI generation. In this six-part series from Bloomberg, Kaleidoscope and iHeart Podcasts, reporters Olivia Carville and Margi Murphy take listeners from quiet suburbs of New York to as far as New Zealand and into the darkest corners of the Internet. Where tech moves faster than the law, and it’s up to everyday people to hold back a rising tide of explicit deepfakes.For official transcripts and additional information on this series, go to bloomberg.com/levittownSee omnystudio.com/listener for privacy information.

An arrest in Levittown kicks off the next phase of an investigation. The central question for the prosecutors is: Is any of this a crime? And they’re on the clock.   Levittown is a real-life horror story for the AI generation. In this six-part series from Bloomberg, Kaleidoscope and iHeart Podcasts, reporters Olivia Carville and Margi Murphy take listeners from quiet suburbs of New York to as far as New Zealand and into the darkest corners of the Internet. Where tech moves faster than the law, and it’s up to everyday people to hold back a rising tide of explicit deepfakes.For official transcripts and additional information on this series, go to bloomberg.com/levittownSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

Senator Elizabeth Warren has been shaping US policy for years. She helped create the Consumer Financial Protection Bureau after the 2008 financial crisis, has been a senator since 2013 and ran for president in 2020. Today, she’s a key voice in the Democratic Party’s opposition to President Trump's agenda and the priorities of a Republican-controlled Congress. Ahead of Thursday’s confirmation hearing of Trump’s Securities and Exchange Commission Chair nominee, Paul Atkins, Big Take host David Gura sat down with Warren for a wide-ranging interview on regulatory independence, the future of the Democratic Party and the Signal group chat leak. Read more: Elizabeth Warren Warns Fed Chair Powell Could Be Fired by TrumpSee omnystudio.com/listener for privacy information.

Private equity is looking for new ways to raise capital. The industry has its eye on a  $12 trillion piece of America’s retirement market. On today’s Big Take podcast, private equity reporter Allison McNeely joins host Sarah Holder to explain why PE firms are targeting 401(k)s now and what this could mean for the average American’s retirement savings. Read more: Private Equity Is Coming for America’s $12 Trillion in Retirement SavingsSee omnystudio.com/listener for privacy information.

Search is the most lucrative part of Google’s business. So when ChatGPT launched in 2022 and offered to answer users’ every question, it posed an existential threat to the company, forcing Google to respond. Google had to figure out how to compete. But integrating generative AI into Google search would fundamentally change the company’s core product, and it introduced big risks. Bloomberg reporters Davey Alba and Julia Love spoke to Google executives and former employees to get a look inside Google's plans to transform search with AI. Read more: Google Is Searching for an Answer to ChatGPTSee omnystudio.com/listener for privacy information.

It’s not just Levittown. The website hosting the doctored photos is the nexus of campaigns to harass women across the world. A victim in New Zealand helps to spark a global battle against the site and its elusive owner.   Levittown is a real-life horror story for the AI generation. In this six-part series from Bloomberg, Kaleidoscope and iHeart Podcasts, reporters Olivia Carville and Margi Murphy take listeners from quiet suburbs of New York to as far as New Zealand and into the darkest corners of the Internet. Where tech moves faster than the law, and it’s up to everyday people to hold back a rising tide of explicit deepfakes.For official transcripts and additional information on this series, go to bloomberg.com/levittownSee omnystudio.com/listener for privacy information.

Months after Kayla’s discovery, dozens of women in Levittown, a New York suburb on Long Island, learn they, too, are subjects of faked porn. Most are recent graduates of the local high school, and they zero in on a culprit. One of them sets out to prove it.   Levittown is a real-life horror story for the AI generation. In this six-part series from Bloomberg, Kaleidoscope and iHeart Podcasts, reporters Olivia Carville and Margi Murphy take listeners from quiet suburbs of New York to as far as New Zealand and into the darkest corners of the Internet. Where tech moves faster than the law, and it’s up to everyday people to hold back a rising tide of explicit deepfakes.For official transcripts and additional information on this series, go to bloomberg.com/levittownSee omnystudio.com/listener for privacy information.

SHOW DESCRIPTION New Year’s Eve. Levittown, New York. Word travels swiftly as one young woman tells the next: “You’re on the website.” Dozens of recent high-school graduates are finding out that their photos have been scraped from their social media accounts, manipulated and posted to a porn website. Who would have done this? And can the women get the images taken down? Told there isn’t much the police or anyone else can do, they set out to catch whoever did this.  Along the way, they get some help from a global band of investigators and hackers who could take risks that police and prosecutors sometimes couldn't. Levittown is a real-life horror story for the AI generation. In this six-part series from Bloomberg, Kaleidoscope and iHeart Podcasts, reporters Olivia Carville and Margi Murphy take listeners from quiet suburbs of New York to as far as New Zealand and into the darkest corners of the Internet. Where tech moves faster than the law, and it’s up to everyday people to hold back a rising tide of explicit deepfakes. EPISODE 1:  Me… But Not Me Stuck in her childhood home during the pandemic, Kayla is shocked to learn that photos of her, altered to make her look naked, are posted to a website where men swap violent fantasies about women. A conversation with police leaves Kayla discouraged.See omnystudio.com/listener for privacy information.

The International Space Station’s time in the stars will soon come to an end. NASA has said that the ISS is scheduled to be decommissioned in 2030 and replaced with a new station made by a private company. Now, the race is on to win the contract.  On today’s Big Take podcast, Bloomberg’s Kiel Porter and Loren Grush tell host Sarah Holder why a former crypto tycoon has made a billion-dollar bet that his startup, Vast, will build the next international space station — and what this space race tells us about the future of the commercial space industry. Read More: One Man’s Crypto Windfall Is Funding a $1 Billion Space Station DreamListen More: What NASA’s Reliance on SpaceX Means for BoeingSee omnystudio.com/listener for privacy information.

Trump's tariffs on China are causing a lot of pain around the world. Products that would've gone to the US are now pouring into other countries, leading to factory closures and layoffs. And this is likely to increase after April 2, when President Trump has promised to put in place a new set of tariffs. On today’s episode of the Big Take, Katia Dmitrieva joins host David Gura to talk about the collateral damage from Trump’s trade war with China. Read more: A New ‘China Shock’ Is Destroying Jobs Around the WorldSee omnystudio.com/listener for privacy information.

It’s a busy week for the Federal Reserve, between Trump’s nomination of a new vice chair for supervision on Monday and an anticipated rate decision on Wednesday.    To unpack all the news, host Saleha Mohsin sits down with former Fed and Treasury official Randy Quarles to talk about regulation, DOGE and Trump’s approach to the Fed.See omnystudio.com/listener for privacy information.

Crypto optimism soared after President Trump’s re-election and Bitcoin hit an all-time high the day of his inauguration. But it's been on something of a roller coaster since then. And the broader finance industry is watching all of this very closely.  Bloomberg’s Katherine Doherty hit the road for a conference in South Florida, where members of the financial old guard are embracing digital assets anew, and are considering giving their core products a crypto update. She joins host David Gura to share a vibe check on all things crypto. Read more: Wall Street Goes All In on Great Crypto Comeback Fueled by TrumpSee omnystudio.com/listener for privacy information.

CEO Jensen Huang has always said Nvidia is “thirty days from going out of business.” Even though Nvidia is now worth trillions, Huang is focused on future-proofing the business to outlast the current AI boom — and possibly even create the next one.  Businessweek tech editor Joshua Brustein joins host David Gura to discuss the innovations the company is pursuing, its constant search for new markets and the threats to its dominance.Read more: Nvidia Looks Past DeepSeek and Tariffs for AI’s Next ChapterSee omnystudio.com/listener for privacy information.

After weeks of uncertainty that ricocheted through markets, President Trump’s 25% tariffs on steel and aluminum imports from every country in the world went into effect on Wednesday morning.  Immediately after, Canada and the EU retaliated. Now, investors, automakers and American consumers are wondering how it will hit the economy. On today’s Big Take DC podcast, host Saleha Mohsin is joined by Bloomberg’s Josh Wingrove to explore what Trump’s metals tariffs could mean for domestic manufacturing and for America’s relationships with some of its closest allies.See omnystudio.com/listener for privacy information.

As Trump signals a warmer relationship with Putin and a peace deal between Russia and Ukraine comes into focus, optimistic investors and businesses are eyeing potential opportunities in a re-opened Russian economy. But investing in Russia is still a risky bet. On today’s episode of the Big Take, host Sarah Holder talks to Bloomberg’s Anthony Halpin about why some investors are enthusiastic about Russia’s possible return to global financial markets.See omnystudio.com/listener for privacy information.

Mauritius and neighboring islands in the Indian Ocean are at the center of a great-power chess match involving the US, China and India. All want to use them as bases to protect shipping lanes and project military might in the region. On today’s Big Take Asia Podcast, host K. Oanh Ha is joined by Bloomberg correspondent Peter Martin to discuss the power struggle, and the implications of China’s growing clout in the region. Further listening: The Shadowy Fleet of Tankers Moving Iranian Oil to China  Watch, from Originals: China’s Power Play In the Indian OceanSee omnystudio.com/listener for privacy information.

It has been a wild few weeks in markets.By last week, the S&P 500 had wiped out all its gains since Election Day – $3.4 trillion in value. When Trump was asked about the possibility of a recession over the weekend, he said the US was in a “period of transition.”Then on Monday, the Nasdaq 100 saw its worst day since 2022, tumbling 3.8% and extending a selloff that has put it into correction territory.  On today’s Big Take podcast, Bloomberg’s Charlie Wells and host Sarah Holder discuss whether the Trump bump has become the Trump slump — and what this moment of market volatility means for your money.See omnystudio.com/listener for privacy information.

A crippling property crisis, mounting debt, weak consumer spending… and now a trade war. Despite the headwinds, China has set an ambitious economic growth goal of about 5% this year. On today’s Big Take Asia podcast, host K. Oanh Ha speaks to Bloomberg’s John Liu about how Xi Jinping intends to meet the target, and how Trump’s tariff war might sabotage his plans.     Read more: Trump’s Tariffs Push Xi to Overhaul China’s Ailing Growth Model Further listening:  China’s New Game Plan For Dealing With Trump TariffsXi Has Embraced China’s Tech Titans Once Again. Will It Last? Watch, from Originals: Can China Avoid Japan’s Lost Decades?See omnystudio.com/listener for privacy information.

Since taking office in January, President Trump has set in motion a series of sweeping rollbacks on US climate policy. This comes at a time when governments around the world have lagged behind their stated environmental goals. On today’s episode of the Big Take, host Sarah Holder is joined by Akshat Rathi, host of the Zero podcast, to talk through the Trump administration’s key climate actions, how they could impact investment in green energy, and what it all means for the global fight to stop the warming of the planet. Read more: Trump's Climate Pullback Endangers Crucial Funds for Poor NationsFurther listening: Global Leaders Wrestle With Costs of Climate Change in the Wake of the US ElectionSee omnystudio.com/listener for privacy information.

On Tuesday night, President Donald Trump appeared before a joint session of Congress for the first time since the start of his second term. It was his fifth such appearance, and he celebrated what he saw as early wins in his first 43 days back in office — and spoke about what’s next on his agenda. Bloomberg Businessweek national correspondent Josh Green and Big Take DC host Saleha Mohsin explore what the speech reveals about Trump’s vision for trade, the US economy and America’s role in geopolitics.See omnystudio.com/listener for privacy information.

The data is in: The number of Black first-year students at Harvard Law fell dramatically after the Supreme Court’s decision to ban the consideration of race in admissions. On today’s Big Take podcast, Bloomberg higher education reporter Janet Lorin shares what she’s learned about how Harvard has changed its application process and what the institution has historically meant for generations of Black leaders. Plus, we hear from a Harvard Law student who’s involved in efforts to recruit more Black students. Read more: Harvard Law’s Fast Track to the American Elite Is Losing Black StudentsSee omnystudio.com/listener for privacy information.

In January 2024, the US Embassy issued a warning to all American travelers: Be careful using dating apps in Colombia. Eight men had been killed in two months — several of them after traveling to Medellin and using apps to connect with women online.  Bloomberg’s Natalie Lung and Antonia Mufarech investigated and found an even darker situation. On today’s Big Take podcast, they join host Sarah Holder to explain how apps from US-based tech companies are being used for sex trafficking and child exploitation in Colombia — and why it’s so hard for the companies to keep criminals off their platforms.See omnystudio.com/listener for privacy information.

Over the last few months, a spate of high-profile air travel incidents in North America have captured public attention. And it’s raised concerns about whether air travel is as safe as it used to be. On today’s Big Take podcast, Bloomberg’s global aviation editor Benedikt Kammel joins host David Gura to discuss how recent accidents — especially the fatal collision between American Airlines Flight 5342 and a military helicopter and, weeks later, the crash landing of Delta Flight 4819 — have undermined public trust in flying. And they examine what’s going on inside the FAA in the midst of mass government lay-offs. See omnystudio.com/listener for privacy information.

The Hopeful Primitive Baptist Church in Fayetteville, Georgia, has been standing for two hundred years. Now, with a huge, private equity-backed data center coming to town, it will soon be surrounded by towering power poles — and power lines will run through the yards of more than a hundred homes and private properties. Today on the show, energy reporter Josh Saul reports on the AI boom, the demand it’s creating for data centers, and what it looks like on the ground in the communities where those are being built. Plus, the pastor from Hopeful Primitive Baptist talks about the community’s response. Read more: Blackstone’s Data-Center Ambitions School a City on AI Power StrainsSee omnystudio.com/listener for privacy information.

Four years after launching a regulatory crackdown that plunged the tech sector into turmoil, China’s President Xi Jinping sat down publicly with Alibaba Group’s co-founder Jack Ma, whose firm bore the brunt of that campaign, and a number of other tech titans. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Lucille Liu and Opinion columnist Catherine Thorbecke about Xi’s shifting stance and where the tech industry goes from here. Read more: Xi’s Embrace of China Tech CEOs Spurs Hope of Big Economic Shift - Bloomberg Further listening: China’s New Game Plan For Dealing with Trump Tariffs See omnystudio.com/listener for privacy information.

More than half of Americans enrolled in Medicare receive their coverage from a private insurer through a program called Medicare Advantage. But according to whistleblowers, some of those companies may be overcharging the government and getting billions of taxpayer dollars in the process. Several Justice Department investigations have followed those claims. On today’s Big Take podcast, we hear from one of those whistleblowers and Bloomberg health-care reporter John Tozzi about how Medicare Advantage took off and the questions these fraud allegations raise about how taxpayer dollars are spent. Read more:  Major Insurers Are Scamming Billions from Medicare, Whistle-Blowers Say Medicare Advantage Fraud Case Settled for Up to $100 Million UnitedHealth Falls on DOJ Probe Into Medicare Billing See omnystudio.com/listener for privacy information.

Doug McMillon has been running Walmart since 2014. He’s credited with pushing the company into the digital age and successfully steering it through the COVID-19 pandemic. Now, he’s turning his attention to the company's next chapter and new challenges ahead. On today’s Big Take podcast, Bloomberg reporters Jaewon Kang and Devin Leonard travel to Bentonville, Arkansas, to interview McMillon about navigating a second Trump presidency, appealing to higher-end shoppers and the company’s ambition to go after Amazon’s e-commerce crown. Read more:  Walmart Wants to Be Something for Everyone in a Divided America Inside Walmart’s Corporate Culture Clash Over E-Commerce How Walmart Keeps an Eye on Its Massive Workforce See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

Monday marks the three year anniversary of Russia’s full-scale invasion of Ukraine. And over the last few days, Trump has revealed his approach to ending the conflict. It would reverse years of US foreign policy in the region and has, so far, left Ukraine out of direct conversations with Russia. On today’s Big Take DC podcast, Bloomberg reporter Iain Marlow takes us inside the historic US-Russia talks in Saudi Arabia and explains what Trump’s pivot in policy and alliances could mean for America’s role on the global stage.See omnystudio.com/listener for privacy information.

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.  Read more: The Undocumented Workers Who Helped Build Elon Musk’s Texas GigafactorySee omnystudio.com/listener for privacy information.

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 MessySee omnystudio.com/listener for privacy information.

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. Read more: A Libertarian Island Dream in Honduras Is Now an $11 Billion NightmareSee omnystudio.com/listener for privacy information.

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. Read more: The Covid Pandemic Left an Extra 13 Million Americans SingleSee omnystudio.com/listener for privacy information.

President Trump’s attacks on a key international aid agency, USAID, has left its work frozen and kicked off a fierce legal battle between his administration and US courts over its future.  On today’s Big Take DC podcast, we hear from Bloomberg’s Simon Marks and health care workers on the ground in Nairobi about how the fight playing out more than 7,000 miles away is affecting HIV treatment there. And national security editor Nick Wadhams explains why Trump has taken aim at USAID and what a gutting of the agency could mean for US soft power. Read more:  USAID Cuts in Kenya Reveal Risks to Lives and American Influence Worldwide After DOGE's Chaotic USAID Shutdown: Wasted Supplies, Layoffs and Lawsuits See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: China’s Mr. Big Won’t Cave In to Trump for NothingFurther listening: The Tariff Wars Are Here — And They’re MessySee omnystudio.com/listener for privacy information.

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 PressureSee omnystudio.com/listener for privacy information.

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. Read more: How Much Your Wall Street Bonus Is Really WorthSee omnystudio.com/listener for privacy information.

Nine days after his swearing in, Scott Bessent sat down with Big Take DC host Saleha Mohsin at the US Treasury Department. They discussed topics in his purview dominating the headlines — Elon Musk’s DOGE efforts, tariffs — and his plans for taxes, trade, the Fed and more.See omnystudio.com/listener for privacy information.

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?See omnystudio.com/listener for privacy information.

Trump says the president should be able to decide how to spend taxpayer money – not Congress. Part of his plan? Impoundment: A controversial maneuver that could wrest control of trillions of dollars in federal spending away from Congress. Bloomberg politics reporter Gregory Korte joins Big Take DC host Saleha Mohsin to explain what impoundment is, the pushback against Trump’s efforts and how the battle over its legality could play out. Is there an idea in the news that you want explained? Email us at bigtake@bloomberg.net. Read more: Trump Vows to ‘Impound’ Money Congress Appropriates. Can He Do It?See omnystudio.com/listener for privacy information.

Is it a trade war or is it whiplash?  On Saturday, President Trump announced new 25% tariffs on imports from Canada and Mexico, and an additional 10% tariff on Chinese goods. On Sunday, he said tariffs were coming for the European Union, too.The tariffs were initially supposed to take effect at 12:01 am Tuesday morning eastern time, but since that weekend announcement, the tariffs on Mexican and Canadian goods have been delayed for one month. Meanwhile, the tariffs on Chinese goods are proceeding as scheduled. On today’s Big Take podcast, Bloomberg’s global economy reporter Enda Curran and host Sarah Holder make sense of the news — and discuss how this could disrupt the US economy and reshape global commerce.See omnystudio.com/listener for privacy information.

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. Read more: The Epicenter of China’s Gold Craze Is a Former Fishing VillageWatch, from Bloomberg Originals: What Gold’s Crazy Run Says About ChinaSee omnystudio.com/listener for privacy information.

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.” Read more: Uranium Fever Collides With Industry's Dark Past in Navajo CountrySee omnystudio.com/listener for privacy information.

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. Read More: Elon Musk’s Air Force One Scrutiny Tests Boeing’s Path to RecoverySee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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? Read more: Zyn’s Online Hype Risks Leading to the Nicotine Pouches’ DownfallSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

With Donald Trump back in the White House, global business leaders attending the World Economic Forum’s annual meeting in Davos, Switzerland this week seem to be falling into line with the US president’s “America First” agenda. Today on the show, host David Gura talks to Bloomberg’s Ted Mann about Trump’s influence over Davos, and the CEOs who missed the opening of the conference — including Elon Musk, Jeff Bezos and Mark Zuckerberg — but had front-row seats at his inauguration. Read more: ‘Which Time Were You Lying?’: The Great CEO Flip-Flop Over Trump Hits Davos Further listening: Davos Is Learning the ‘Art of the Deal’ With TrumpSee omnystudio.com/listener for privacy information.

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. Read more: TikTok Refugees in US Test Xi’s Firewall While Embracing ChineseFurther listening: Inside Microsoft’s Censorship of Bing in ChinaSee omnystudio.com/listener for privacy information.

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. Read more: Trump Inaugural Speech Vows ‘Golden Age’ to Reverse US DeclineSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

Scott Bessent is President-Elect Trump’s pick to be the treasury secretary, a role that spans oversight of the $28 trillion market for US government debt to economic sanctions. Today on the show, Big Take DC’s Saleha Mohsin joins host David Gura to discuss the tightrope act that landed Bessent the nomination: winning over both MAGA and Wall Street.   Read more: How Scott Bessent Won Over MAGA and Wall Street  See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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’See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.  Read more: Los Angeles Fires Become Existential Test for California’s Stopgap Insurer  See omnystudio.com/listener for privacy information.

US intelligence officials say that a hacking campaign known as “Volt Typhoon” has the potential to disrupt critical infrastructure systems in Guam — a significant hub for the US military that holds particular importance in US-China relations.  On today’s Big Take DC podcast, Bloomberg national security reporter Katrina Manson shares what she’s learned about the threat and how it could limit America’s ability to push back if China were to invade Taiwan. Read more: The US’s Worst Fears of Chinese Hacking Are on Display in GuamSee omnystudio.com/listener for privacy information.

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.  Read more: Canada Tilts Right: Inflation Claims Trudeau as Its Latest Victim  See omnystudio.com/listener for privacy information.

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. Read more: Sam Altman on ChatGPT’s First Two Years, Elon Musk and AI Under Trump  See omnystudio.com/listener for privacy information.

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: The EggSee omnystudio.com/listener for privacy information.

Every year, senior markets editor Sam Potter reads predictions for the year ahead from leading financial institutions around the world. The theme of this year’s predictions: uncertainty.One event on the horizon has contributed to both their predictions for 2025 and the uncertainty in a unique way: Donald Trump’s return to the White House. Potter joins host David Gura to unpack what financial institutions are expecting for this year, given what they know and what they don’t.   Read more: Here’s (Almost) Everything Wall Street Expects in 2025  See omnystudio.com/listener for privacy information.

2024 was the year AI broke into the music industry. Record labels that had fought AI-generated songs at every turn started to consider how they might want to use AI tools. But as the technology creeps into more parts of the music production process, not everyone agrees on where to draw ethical and legal lines. On today’s Big Take podcast, Grammy Award-winning producer Timbaland, Universal Music Group executive Michael Nash, Bloomberg audio reporter Ashley Carman and host Sarah Holder examine who stands to benefit from the AI-music boom — and who has the most to lose. Read more: Ashley Carman’s Soundbite newsletterSee omnystudio.com/listener for privacy information.

Indonesia has embarked on an ambitious project to build a new capital city from scratch because Jakarta is overcrowded, polluted and sinking, fast. But the multibillion dollar new city, Nusantara, was plagued with problems from the very start. On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Faris Mokhtar about what went wrong, and what’s at stake for Southeast Asia’s largest economy if it fails.See omnystudio.com/listener for privacy information.

Frequent flyer programs began as a way for airlines to build loyalty and fill empty seats. They’ve since morphed into a complex financial ecosystem that’s drawn the ire of even the most savvy consumers and the scrutiny of the US Department of Transportation.   Bloomberg’s global aviation editor Benedikt Kammel joins David Gura to talk about points, miles, qualifying trips — and how we got here in the first place. Read more: The Airline Rewards Game Is Getting Tougher to Win  See omnystudio.com/listener for privacy information.

From inflation data to unemployment rates, the US government releases numbers every month that move markets and shape policies. But the agencies responsible for gathering that data are struggling — and President-elect Donald Trump’s promise to find cuts across agencies could further strain their resources. On today’s Big Take DC podcast, Bloomberg economics editor Molly Smith joins host Saleha Mohsin to dig into what’s at stake if the federal government scales back on its investment in economic data. Read more:  Market-Moving Data Under Threat as Trump Returns to Washington BLS Needs Culture Revamp After Botched US Releases, Review Finds See omnystudio.com/listener for privacy information.

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.  Read more: ‘Squid Game’ Returns in Test of Netflix Global Marketing MuscleFurther listening: K-Pop’s Big Bet on Becoming Less Korean  See omnystudio.com/listener for privacy information.

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. Read more: The Weight-Loss Drug Gold Rush Has a Dangerous Prescription ProblemSee omnystudio.com/listener for privacy information.

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  See omnystudio.com/listener for privacy information.

In his final month as the United States’ chief diplomat, Secretary of State Antony Blinken is racing 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. Read more: Syria: Blinken Says US Weighs Sending Officials for Talks - Bloomberg  See omnystudio.com/listener for privacy information.

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.  Read more: Stranded in Mexico: Trump’s Looming Crackdown Scares MigrantsSee omnystudio.com/listener for privacy information.

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.  Read more: China’s Housing Rescue Falls Short in City That Signaled the Crisis Further listening: What Comes Next in China’s Property CrisisSee omnystudio.com/listener for privacy information.

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.  Read more: Germany Is Unraveling Just When Europe Needs It Most  See omnystudio.com/listener for privacy information.

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 EggPlus, watch the documentary from Bloomberg Originals: Inside India's Fertility UnderworldSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 RevoltFurther listening: The Six Hours of Martial Law That Stunned South KoreaSee omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

Surveys have shown that business leaders around the US are excited about Donald Trump’s return to the White House. But not all of the policies he’s promising appeal to every CEO. On today’s Big Take DC podcast, Business Roundtable CEO Josh Bolten joins host Saleha Mohsin to share what the business leaders he represents want from tax and trade policy — and Bloomberg’s Nancy Cook describes how Trump relishes one-on-one negotiations with fellow executives. Read more: US Executives Turn More Optimistic After Trump Win, Surveys ShowSee omnystudio.com/listener for privacy information.

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.  See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

Power brokers, administration nominees and even the prime minister of Canada have travelled to Mar-a-Lago in recent weeks to meet with President-elect Donald Trump at his resort, making it a new center of political power. On today’s Big Take podcast, Bloomberg wealth reporter Amanda Gordon joins host David Gura to discuss Trump’s use of Mar-a-Lago in the lead-up to his inauguration, the impact he’s had on the surrounding area and South Florida’s growing influence on national politics.See omnystudio.com/listener for privacy information.

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. Read more: Why the Flying Experience Feels So Much Worse  See omnystudio.com/listener for privacy information.

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  See omnystudio.com/listener for privacy information.

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  See omnystudio.com/listener for privacy information.

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. Read more: Gautam Adani Bribery Charges Impact His Net Worth, Markets Beyond IndiaFurther listening: $200 Billion, Four Heirs And One Mighty EmpireSee omnystudio.com/listener for privacy information.

After a messy, public competition between hopefuls, President-elect Donald Trump nominated hedge fund manager Scott Bessent to be the next Treasury secretary. On today’s Big Take DC podcast, hosts Saleha Mohsin and David Gura discuss why Trump chose Bessent, and how Bessent might approach the job. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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. Read more: Pakistan’s Top Talent Is Leaving the Country in Record Numbers  See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: The Clandestine Oil Shipping Hub Funneling Iranian Crude to ChinaSee omnystudio.com/listener for privacy information.

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. Read more: Shoppers Are Ditching Classic Brands They Once Loved Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

Over the last week, President-elect Donald Trump has announced his nominees for the top jobs in his administration. But one key position that hasn’t been filled yet is Treasury secretary, and the person Trump picks will play a crucial role in shaping US economic policy. Senior Washington correspondent and host Saleha Mohsin joins David Gura to tick through the top candidates under consideration and how each might shape the Treasury’s priorities if chosen and confirmed.  Read more: Bessent Hails Trump Agenda as Candidates Vie for Treasury Post Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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 RiftFurther listening: The Economic Impact of Trump’s PromisesSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Your Guide to Trump’s Day-One Agenda — From Taxes to Tariffs Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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. Read more: Donald Trump’s Billion-Dollar Windfall After Election Is Just the StartSee omnystudio.com/listener for privacy information.

Less than two days after Donald Trump won a second term, the Federal Reserve announced a rate cut. But speaking to reporters, Fed’s Powell faced difficult questions about the path forward for interest rates — and for him — under Trump. Bloomberg economic policy editor Kate Davidson joins host Saleha Mohsin to discuss how Powell’s answers today set up for a rematch between him and Trump over the Fed’s mission and independence.  Read more: Trump’s Victory Casts a Shadow Over the Federal Reserve Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

As America heads to the polls for Election Day, thousands of poll workers and local officials are taking extreme measures to keep things running smoothly and to convince the public that they can trust the results. On today’s Big Take podcast, we hear from election officials and from Bloomberg national security reporter Chris Strohm on efforts to ensure the safety and integrity of the 2024 US election. Read more: ‘What Worries Me? Everything’: Officials Brace for US Election Day Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 PoliticalSee omnystudio.com/listener for privacy information.

The world is watching for instability after the US election next week. If there’s a repeat of the chaos that followed the 2020 results, it could damage not just American democracy, but something else: the global financial system that America dominates. Today on the show, host Saleha Mohsin is joined by former Senator Pat Toomey to unpack what’s at stake for a world that runs on US dollars if a peaceful transfer of power is no longer a given in the world’s oldest democracy. Read more: Election-Violence Risk Threatens US Dollar Dominance Further listening: Bloomberg’s Trump Interview: Inside His Economic Vision for a Second Term Bloomberg wants to hear from you! Help make shows like ours even better by taking the Bloomberg audience survey and have a coffee on Bloomberg for doing so. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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 SunBloomberg wants to hear from you! Help make shows like ours even better by taking the Bloomberg audience survey and have a coffee on Bloomberg for doing so. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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.   Read more: US Efforts to Contain Xi’s Push for Tech Supremacy Are Faltering 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. See omnystudio.com/listener for privacy information.

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. Read more: Prediction Markets Reflect That the Clock Favors TrumpSee omnystudio.com/listener for privacy information.

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:  How Online Influencers Got Addicted to Swedish Candy Amanda Mull’s “Buying Power” column Bloomberg wants to hear from you! Help make shows like ours even better by taking the Bloomberg audience survey and have a coffee on Bloomberg for doing so. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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. Read more: The Amazon’s Relentless Poverty CycleSee omnystudio.com/listener for privacy information.

Bloomberg News and Morning Consult have spent the past year polling voters in the seven key swing states that could decide the election: Arizona, Georgia, Pennsylvania, Michigan, Nevada, North Carolina, and Wisconsin. The results are in for the last poll before Election Day — and the race between Donald Trump and Kamala Harris could hardly be closer. Senior editor Wendy Benjaminson leads Bloomberg’s polling coverage. She joins Big Take DC host Saleha Mohsin to unpack the state of the race and the economic concerns motivating these voters as November 5 approaches. Read more: Two Weeks Out, Trump and Harris Are Locked in a Dead Heat Bloomberg wants to hear from you! Help make shows like ours even better by taking the Bloomberg audience survey and have a coffee on Bloomberg for doing so. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

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. Read more: BYD Is Winning the Global Race to Make Cheaper EVsSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: AI Detectors Falsely Accuse Students of Cheating—With Big ConsequencesSee omnystudio.com/listener for privacy information.

Since 2023, more than 165 lawsuits have been filed challenging nearly every dimension of this year's presidential election. Across 37 states, including all seven swing states, these court cases could determine who can vote, how they vote, and how those votes will be counted. Bloomberg’s Zoe Tillman is tracking these cases as Election Day nears, and joins host Saleha Mohsin to discuss the role courts will play in the outcome of the presidential race — and what this all means for public trust in the voting process. Read more: More Than 165 Lawsuits Are Already Shaping the 2024 US Presidential ElectionSee omnystudio.com/listener for privacy information.

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 AgendaSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.  Read more: Federal Flood Maps Are No Match for Florida’s Double HurricaneSee omnystudio.com/listener for privacy information.

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 PaySee omnystudio.com/listener for privacy information.

Will we know the result of the 2024 US Presidential election on election night? Or will the new normal look like 2020, when Americans had to wait days for the final call? Bloomberg politics reporter Gregory Korte joins Big Take DC host Saleha Mohsin to break down what’s changed since former President Donald Trump began contesting the results of his 2020 loss, and what could happen if a drawn-out election call stokes uncertainty in the electoral process.See omnystudio.com/listener for privacy information.

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. Read more: Perrier Well Contamination Sparks Scrutiny for Luxe Water BrandSee omnystudio.com/listener for privacy information.

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. Read more: New World Scion’s Fall Upends Succession at $23 Billion DynastyFurther listening: $200 Billion, Four Heirs and One Might Indian EmpireSee omnystudio.com/listener for privacy information.

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 EastSee omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

In the first and only vice presidential debate of the 2024 US election cycle, Tim Walz and JD Vance had two objectives: Keep the momentum going for Kamala Harris or Donald Trump, and do no harm. But one of the most surprising takeaways of the policy-forward debate was just how respectful the conversation was.  Bloomberg senior editor Wendy Benjaminson joins host Sarah Holder to break down key moments – from the cordial to the confrontational – and what Vance and Walz’s performances mean for their tickets.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 PayFurther Listening: Facing Huge Challenges, One College Tries to Be Too Big to Fail If College Is an Investment, These Offer the Best ROI See omnystudio.com/listener for privacy information.

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. Read more: Xi Unleashes a Crisis for Millions of China's Best-Paid Workers 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?See omnystudio.com/listener for privacy information.

For the past year, Bloomberg News and Morning Consult have been polling voters in swing states. Former President Donald Trump has had a consistent lead when it comes to the question of who voters trust on the economy. But a new poll of likely voters shows Vice President Kamala Harris closing that gap in key states. Today, senior editor Wendy Benjaminson joins the Big Take DC to dig into how this polling works and what we can learn from the results. Read more:  Kamala Harris Holds Razor-Thin Lead Across Swing States in Tight 2024 RaceSee omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. Read more: The Dollar’s Dominance, ExplainedFurther listening: Odd Lots Podcast – How the US Dollar Became an International Weapon of WarSee omnystudio.com/listener for privacy information.

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.  Read more: Exploding Pagers Raise Global Supply-Chain Security ConcernSee omnystudio.com/listener for privacy information.

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. Read more: The Russian Bot Army That Conquered Online PokerSee omnystudio.com/listener for privacy information.

Since Vice President Kamala Harris took over the Democratic presidential ticket, she’s faced criticism from voters who say they don’t know what she stands for. But we know two Bloomberg reporters who do: California bureau chief Karen Breslau, who’s been following Harris’ career for two decades, and Josh Wingrove, who covers her campaign.  Today on the show, they join host Sarah Holder to discuss what we know about Harris’ economic message and what a Harris presidency could mean for everything from domestic taxes to global trade. Read more: Understanding Kamala Harris Further listening: Donald Trump Sits Down With Bloomberg BusinessweekSee omnystudio.com/listener for privacy information.

The Federal Reserve announced a highly anticipated rate cut of half a percentage point today — larger than many watchers anticipated. Which industries and companies will feel this interest rate cut the most, and what will it mean for everyday consumers? Bloomberg’s Enda Curran joins host Sarah Holder to talk about what effects we can expect to see as the rate cut ripples through the US economy and the world — and hits our wallets.Read more: Rent Is the Stubborn Part of the Inflation StorySee omnystudio.com/listener for privacy information.

This week, the Federal Reserve is expected to cut interest rates for the first time in over four years. And there’s debate over how big the cut will be and how soon it will impact the economy. Bloomberg’s Kate Davidson joins host David Gura to discuss this turning point for the economy, and what else Fed policymakers have in store for the future.   Read more: Fed Ready to Unshackle US Economy With Soft Landing at Stake Further listening: What a September Cut Could Mean for the Economy and the ElectionSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

The year started with the door of an airplane falling off mid-flight. Frustrations with air travel have mounted since then. It’s up to Pete Buttigieg, the Transportation Secretary, to address those problems — which include everything from Boeing’s woes to the shrinking value of airline loyalty points. Buttigieg joined the Big Take DC podcast in an exclusive interview to talk about the future of air travel, and his political future after his tenure in the Biden administration ends.See omnystudio.com/listener for privacy information.

In a wide-ranging debate on Tuesday night, Vice President Kamala Harris repeatedly put former President Donald Trump on the defensive. Harris leaned into her past as a prosecutor, needling Trump on issues ranging from immigration to the economy and abortion. He attempted to criticize her record and define her as a radical unfit for the presidency. Bloomberg senior editor Wendy Benjaminson and host David Gura unpack the viral moments from the night, analyze the candidates’ performance, and discuss what comes next. Read more: How Kamala Harris Baited Trump Into a Debate on Her TermsSee omnystudio.com/listener for privacy information.

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 WorldSee omnystudio.com/listener for privacy information.

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’See omnystudio.com/listener for privacy information.

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. Read more: Losing Your Job Used to Be Shameful. Now It’s a Whole Identity Further listening:  The Sahm Rule, Explained (By Claudia Sahm) Workers Are Getting Ghosted. Here’s Why See omnystudio.com/listener for privacy information.

With two months until election day, Kamala Harris’ campaign is outpacing Donald Trump's on fundraising. But this late into the race, how much does money matter? Big Take DC host Saleha Mohsin sits down with Bloomberg money and politics editor Laura Davison to break down both campaigns’ finances, how they might spend their money, and how much impact cash could actually have in the race.See omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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 CourtsSee omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

In June, two NASA astronauts flew to the International Space Station on a Boeing spacecraft for a week-long test mission. But problems with the machinery mean they’ll be stuck there for 8 months… and when they come back in February, they won’t be flying Boeing. Instead, they’re hitching a ride with the company’s biggest rival in commercial space travel: Elon Musk’s SpaceX. Today on the show: space reporter Loren Grush and Boeing reporter Julie Johnsson on the challenges facing Boeing’s space program, the rise of SpaceX, and the future of NASA’s ambitions beyond our planet. Further listening: Boeing Faces Washington and Wall Street ReckoningsSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: The World's Call Center Capital Is Gripped by AI Fever — and FearSee omnystudio.com/listener for privacy information.

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 CutsListen more: The Federal Reserve's Tricky Economic and Political TerrainSee omnystudio.com/listener for privacy information.

For decades, the Democratic Party has counted on support from Black voters. But former President Donald Trump has tried to leverage voter dissatisfaction with Democrats to bite into the party’s edge with that key demographic. And for a while, it seemed to be working – until the first Black woman to lead a major presidential ticket shook up the race. On today’s Big Take DC podcast, host Saleha Mohsin hears from voters and speaks to Bloomberg reporters Akayla Gardner and Hadriana Lowenkron about how Vice President Kamala Harris’ campaign has flipped the script for Trump, and for Democrats attempting to reverse President Joe Biden’s losses with Black Americans who were key to his win in 2020.See omnystudio.com/listener for privacy information.

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. Read more: Dodge CitySee omnystudio.com/listener for privacy information.

For the first time in more than a decade, Burning Man has not sold out.  The gathering prides itself on its counter-cultural roots, and draws tens of thousands of people to the Nevada desert every year for a week of art, music and adventure. But it’s also gradually moved further into the mainstream, becoming a rite of passage for a certain set of Silicon Valley elites. Whether it’s because of last year’s rain, economic strains, or something deeper, one thing is clear: this year, demand for Burning Man tickets is down. On today’s Big Take podcast, Bloomberg technology reporter Ellen Huet joins host Sarah Holder to grapple with a burning question: has Burning Man peaked? Read more: Has Burning Man Peaked?See omnystudio.com/listener for privacy information.

Ports often make the news when they break: like the bridge collapse that shut down Baltimore's port earlier this year. But every day, ports in cities around the world keep supply chains humming and feed local economies; every year, they help move 80% of the things we buy. As conflicts between world powers intensify, ports are also the latest battlefields where geopolitical power is won and lost. On today’s episode, Bloomberg’s Brendan Murray tells host Sarah Holder how ports, from Belgium to Peru, are becoming strategic sites for countries to defend their interests. And why trillions of dollars are on the line in order to make these ambitions happen on time.See omnystudio.com/listener for privacy information.

After ten months of fighting in the Gaza Strip, Israel and Hamas could be close to a cease-fire deal. As of Monday afternoon, US Secretary of State Antony Blinken said that Israel had agreed to a cease-fire proposal. Hamas had yet to officially respond. If an eventual deal is achieved… the question becomes: How could the Gaza Strip rebuild? On today’s Big Take podcast, Bloomberg reporters Fares Alghoul, Fadwa Hodali, and Dan Williams take stock of the international cooperation — and money — it would take to reconstruct Gaza and how the future leadership of the Strip could complicate this already monumental task. Read more: Gaza Reduced to 42 Million Tonnes of Rubble. What Will It Take to Rebuild?See omnystudio.com/listener for privacy information.

There is nearly $13 trillion invested in exchange-traded funds, or ETFs. ETFs that mirror the S&P 500. ETFs for gold. ETFs for bitcoin. There’s even a Vegan ETF. How did this market get so big and varied? And just what goes into one? On today’s podcast, our Bloomberg Explains series continues with Bloomberg Intelligence senior ETF analyst and co-host of the Trillions podcast Eric Balchunas. He tells host David Gura about the unlikely duo who created the first-ever ETF in a last-ditch bid to save a struggling exchange. And Bloomberg ETF IQ and Money Stuff co-host Katie Greifeld breaks down the current booming market, and outlines which ETFs are safe investments – and which are better left alone.  Further listening: Trillions Podcast - Bloomberg,  Money Stuff - BloombergSee omnystudio.com/listener for privacy information.

Seven key states will play an outsized role in determining the outcome of the 2024 US election. A new analysis from Bloomberg found that as a group those states’ economies pose a challenge for Kamala Harris and an opening for Donald Trump. On today’s Big Take DC podcast, host Saleha Mohsin goes inside this “battleground economy” with Bloomberg senior writer Shawn Donnan and hears directly from voters on how this economic reality is influencing the communities that will choose between Trump and Harris. Read more: The Swing-State Economic Realities Shaping the US ElectionSee omnystudio.com/listener for privacy information.

That White Lotus-inspired trip to Sicily. The Instagram-perfect Joshua Tree glamping holiday. A party weekend in Miami. Ever since the first lockdown restrictions were lifted in 2021, Americans have been spending big on travel. But a recent slew of weak earnings from companies like Delta and Expedia suggest that the post-pandemic travel boom is finally over. In today’s episode, Bloomberg tech reporter Natalie Lung tells host Sarah Holder that from airlines to Airbnb, companies are reporting weaker-than-expected demand for summer travel. So does that mean now is the perfect time to book a last-minute vacation? Depends on where you’re game to go.Read more: Flights, Hotels and Parks Are All Flashing Travel Warning SignsSee omnystudio.com/listener for privacy information.

After weeks of protests and a brutal crackdown that led to several hundred deaths, Bangladesh’s Prime Minister Sheikh Hasina was forced to step down and flee the country, putting an abrupt end to her more than 15 years in power. Stepping into the leadership vacuum is Nobel Prize-winning economist Muhammad Yunus, who we spoke to last month -- when he was facing charges that his supporters said were trumped up by Hasina.  Today on The Big Take Asia, host K. Oanh Ha speaks to Bloomberg’s Kai Schultz about what drove the student-led uprising and Hasina’s downfall, Yunus’s surprising turn to politics, and what’s at stake for one of Asia’s most promising economies. Read more:  Yunus Cleared in Graft Case After Becoming Bangladesh Leader Further listening:  Why This Nobel Prize Winner Faces Life Imprisonment in BangladeshSee omnystudio.com/listener for privacy information.

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 StreetSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: What Happens When Ozempic Takes Over Your Town Listen more: Are Cheaper Ozempic Knockoffs Safe?See omnystudio.com/listener for privacy information.

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. Read more: Adani Unveils $213 Billion Succession Plan as Scrutiny PersistsFurther listening: The Rise of Modi: Why India’s Leader Is So Popular – and Polarizing  See omnystudio.com/listener for privacy information.

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. Read more:  $6.4 Trillion Stock Wipeout Has Traders Fearing ‘Great Unwind’ Is Just StartingFurther listening: Why the Market’s Big Tailwinds Are Coming to an EndSee omnystudio.com/listener for privacy information.

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.  Read more: AI-Made Bioweapons Are Washington’s Latest Security Obsession Further listening:  We Can’t Opt Out of AI (But We Can Try) AI Wreaks Havoc on Global Power Systems See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.  Read more: How Thousands of Middlemen Are Gaming the H-1B ProgramSee omnystudio.com/listener for privacy information.

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 See omnystudio.com/listener for privacy information.

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 HimselfSee omnystudio.com/listener for privacy information.

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.  Read more: Markets Tear Up Popular Trades That Reached ‘Stupid Levels’ and Stocks Caught in Tug of War Between Tech and Rest: Markets WrapSee omnystudio.com/listener for privacy information.

Israeli Prime Minister Benjamin Netanyahu’s trip to DC was set to be high-stakes, as he arranged to meet with President Biden and former President Trump. But Vice President Kamala Harris’s candidacy complicated an already delicate balancing act. On today’s Big Take DC podcast, host David Gura speaks with Israel bureau chief Ethan Bronner and national security reporter Nick Wadhams about what’s at stake for each of these leaders, the latest prospects for a cease-fire deal between Israel and Hamas, and how November’s election could reshape the US-Israel relationship.See omnystudio.com/listener for privacy information.

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. Read more: The Miseducation of America’s Nurse PractitionersSee omnystudio.com/listener for privacy information.

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. Read more: Unsafe Ozempic Knockoffs Are Flooding the MarketSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

Joe Biden’s decision not to run for reelection leaves the Democratic nominee that replaces him with an unprecedented challenge: running a successful presidential campaign in under four months. That will take a lot of money.  On today’s Big Take podcast: How much could that campaign cost? Gregory Korte and Laura Davison, who cover money and politics for Bloomberg, dig into that question, Kamala Harris’s fundraising edge and how Democratic donors are reacting to the news. Read more: Joe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Bangladesh Sentences Nobel Peace Prize Winner to 6 Months in Prison Big Money Backs Tiny Loans That Lead to Debt, Despair and Even SuicideSee omnystudio.com/listener for privacy information.

Former President Donald Trump accepted the Republican nomination at the party’s convention this week, just two days after an attempted assassination at a campaign rally over the weekend. Prior to that attack, and shortly before his first debate with President Joe Biden, Trump laid out his vision for a second term in a wide-ranging, 90-minute interview with journalists from Bloomberg Businessweek.  Reporter Nancy Cook and editor Brad Stone take host David Gura inside that conversation, where they dig into “Trumponomics,” how Trump plans to appeal to voters and business leaders who have turned their backs on him. Read more:  Trump on Taxes, Tariffs, Jerome Powell and More The Donald Trump Interview Transcript Corrects length of Powell’s term as chair of the Federal Reserve.See omnystudio.com/listener for privacy information.

On Saturday evening, former President Donald Trump was injured in an assassination attempt during a campaign rally in Pennsylvania. Even in a country with a history of assassinations and attempts, it is unprecedented.  Bloomberg national politics reporter Gregory Korte and senior editor Wendy Benjaminson join hosts Saleha Mohsin and Sarah Holder to discuss how the assassination attempt changes everything in the 2024 election - and how political violence has previously shaped America.See omnystudio.com/listener for privacy information.

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. Read more: Faster, Higher — Cheaper? Paris's Budget Effort to Reboot the OlympicsSee omnystudio.com/listener for privacy information.

The fallout from President Joe Biden’s debate performance is continuing to ripple through Washington, as prominent Democrats, donors, and world leaders are questioning his ability to win… and to lead. As US allies converge on Washington for the NATO summit and Congressional Democrats scramble for unity, all eyes are on Biden. Big Take DC host Saleha Mohsin talks with Bloomberg White House and politics reporter Jordan Fabian about what’s at stake for Biden in yet another make-or-break week.See omnystudio.com/listener for privacy information.

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. Read more: Ukraine Is Fighting Russia With Toy Drones and Duct-Taped Bombs Further listening:  Zelenskiy Talks Trump, Biden and US Election Ukraine’s Frontline Fight Is Changing How the US Prepares for War See omnystudio.com/listener for privacy information.

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. Read more: China’s Luckin Coffee Is Back From the Brink and Beating Starbucks Further listening: What Does China’s Economic Slowdown Mean For the Communist Party? See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 ElectionSee omnystudio.com/listener for privacy information.

In the fallout from Biden’s performance in the first presidential debate, a leading name has emerged as the president’s natural replacement: Vice President Kamala Harris. White House and politics reporters Akayla Gardner and Gregory Korte join Big Take host Sarah Holder to unpack why the calls for a Harris candidacy are surfacing now, her access to Biden’s war chest and who else could be a contender.  Read more: Kamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsSee omnystudio.com/listener for privacy information.

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.   Read more: BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car DealersSee omnystudio.com/listener for privacy information.

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) ShrinkFurther listening: What Does China’s Economic Slowdown Mean For the Communist Party?See omnystudio.com/listener for privacy information.

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 RattledSee omnystudio.com/listener for privacy information.

From big questions about Biden’s performance that have sent Democrats into panic over whether he should be on the ticket to Trump’s misleading statements on January 6th, the first 2024 US presidential debate may have been billed as a rematch, but it was full of surprises. Inside the spin room in Atlanta, Big Take host David Gura talks to Bloomberg senior politics editor Wendy Benjaminson and politics reporter Stephanie Lai to dig into those moments, discuss what the candidates said about inflation, taxes and immigration, and what it all means for the rest of the campaign cycle. Read more: Panicked Emails, Gallows Humor: The Aftermath of Biden's Debate Disaster See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 ArnaultSee omnystudio.com/listener for privacy information.

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. Read more: AI is Already Wrecking Havoc on Global Power Systems See omnystudio.com/listener for privacy information.

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.  Read more: Wall Street Bankers Skip Hamptons Summer for Pro Lacrosse LeagueSee omnystudio.com/listener for privacy information.

The long tail of the Great Recession and the aftermath of the pandemic have resulted in a major housing affordability crisis in the US — and it’s hitting everyone from homeowners to renters. Today, Big Take DC host Saleha Mohsin digs into how we got here and whose problem it is to fix. She’s joined by Shaun Donovan, the secretary of Housing and Urban Development during the fallout of the 2008 financial crisis, and by Daryl Fairweather, a chief economist at Redfin. Read more: Mortgages Stuck Around 7% Force Rapid Rethink of American DreamSee omnystudio.com/listener for privacy information.

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 TraderSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Yes, Everyone Really Is Sick a Lot More Often After CovidSee omnystudio.com/listener for privacy information.

US politicians just can’t seem to stay out of court. New Jersey Senator Bob Menendez is standing trial for charges that sound like a TV crime drama: alleged bribery, hidden gold bars and a secret FBI recording at a Washington steakhouse. But these allegations don’t just impact Menendez’s career–they could hurt Democrats as they fight an uphill battle to hold onto the Senate. Big Take DC host Saleha Mohsin talks with Bloomberg legal reporter Patricia Hurtado and Congress editor Megan Scully about the trial’s intrigue and how it could harm the Democratic party’s image.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

While President Biden meets with Europe's leaders this week, he is continuing to push for Israel and Hamas to support a cease-fire proposal. But violence is continuing to escalate on the ground in Gaza, raising questions about what it would take to end the conflict. Today on the Big Take DC, host Saleha Mohsin speaks with Bloomberg White House correspondent Justin Sink and Israel bureau chief Ethan Bronner about the hurdles facing the proposal and what Biden and Netanyahu might do next.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 ResultsTo 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. See omnystudio.com/listener for privacy information.

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 GainsSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

A New York jury found Donald Trump guilty on all 34 counts of falsifying business records, making him the first former US president to be convicted of a felony. Bloomberg legal reporter David Voreacos, who has been following the case from inside the courthouse, and Washington Bureau senior editor Wendy Benjaminson join host David Gura to discuss the trial, its historic outcome and how this could shape the rest of the 2024 election cycle.See omnystudio.com/listener for privacy information.

The US government was built on a system of checks and balances. But there’s always been a tug of war over just how much power the president has — on paper and in practice. Law professor and author Dan Farber joins Big Take DC host Saleha Mohsin on the powers and limits of the US president, how they’ve evolved since the country’s founding, and what’s at stake if a Commander-in-Chief ignores the office’s unwritten rules and precedents. Read more: A Hidden Variable in the Presidential Race: Fears of ‘Trump Forever’See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Google’s Moonshot Factory Falls Back Down to EarthSee omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

Trump’s 2017 tax cuts were 30 years in the making. Some expire next year, and a nasty battle is brewing over whether to renew them. On today’s Big Take podcast, Bloomberg politics editor Laura Davison and Bipartisan Policy Center senior vice president Bill Hoagland join DC host Saleha Mohsin to break down the 2017 tax cuts, what they’ve meant for taxpayers and the US economy, and how a Biden or Trump win could affect their future. Read more: Ultra-Rich Should Pay to Save Social Security, Swing-State Voter Poll ShowsSee omnystudio.com/listener for privacy information.

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. Read more: Netflix Had a Password-Sharing Problem. Greg Peters Fixed It Listen to the Big Take podcast every week day and subscribe to our daily newsletterSee omnystudio.com/listener for privacy information.

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 ChinaSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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!?See omnystudio.com/listener for privacy information.

Team Trump is up against historic criminal trials and a failed reelection bid in 2020. Despite this, his 2024 campaign is organized, frugal – and getting results. On today’s Big Take podcast, DC host Saleha Mohsin takes stock of the 2024 Trump campaign through the lens of his past two runs, speaking with former White House communications director Anthony Scaramucci and Bloomberg politics reporter Nancy Cook.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.  See omnystudio.com/listener for privacy information.

The National Weather Service is predicting that vast swaths of the US will see above-average temperatures this summer. That’s weighing on the wallets of small businesses across the country, who already operate on thin profit margins. On today’s Big Take podcast, DC host Saleha Mohsin does the math on this economic hit, hears from business owners trying to weather it, and unpacks what the government could do about it with Bloomberg economics reporter Catarina Saraiva.See omnystudio.com/listener for privacy information.

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.  Read more: Tim Cook Can't Run Apple Forever. Who's Next?See omnystudio.com/listener for privacy information.

“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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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, ExplainedSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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-filesSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 suicideSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 FutureSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. Read more: Harassment and Drugs Plagued a Citigroup Division for YearsSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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?See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.  See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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 Biden victory in 2024 could mean for China’s economy, and beyond. Subscribe to Odd Lots to get all of their episodes.See omnystudio.com/listener for privacy information.

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 model is 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?See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.Get this episode and Big Take DC episodes a day earlier by subscribing to Big Take DC.See omnystudio.com/listener for privacy information.

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)See omnystudio.com/listener for privacy information.