Big Take

Big Take

By Bloomberg and iHeartPodcasts

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Episodes

How an Infamous Vietnamese Businesswoman Engineered a $12 Billion Fraud

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.
15/10/2414m 55s

Insurers Are Struggling to Keep Up With Disasters Like Helene and Milton

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.
14/10/2413m 23s

How Uber and Lyft Used ‘Lockouts’ to Deny NYC Drivers Millions

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.
11/10/2416m 36s

When Will We Know Who the Next President Is?

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.
10/10/2414m 34s

Could Contaminated Water Dull Perrier’s Sparkle?

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.
09/10/2413m 0s

Inside the Succession Drama at a Hong Kong Property Dynasty

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.
08/10/2413m 56s

One Year Later, a Region in Conflict

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.
07/10/2413m 59s

Inside the Deal That Held Off the Dock Workers Strike

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.
05/10/2416m 28s

US Tech Is Helping Guide Russian Missiles Into Ukraine

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.
03/10/2418m 13s

Vance and Walz’s New Debate Tactic: Civility

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.
02/10/2414m 45s

The Escalating Conflict in the Middle East

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.
01/10/2414m 56s

The Investment Strategy Behind Harvard’s Record Endowment — and How It Fell Apart

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.
30/09/2411m 44s

China’s Economic Crackdowns Are Crushing the Dreams of a Generation

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: China’s CICC Demotes Senior Bankers, Cuts Pay to Slash Costs 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.
27/09/2417m 15s

Harris Gains Edge Over Trump on Economy in New Swing State Poll

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.
26/09/2414m 17s

Private Equity, But for Dying Universities

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.
25/09/2413m 45s

Could the Chinese Yuan Ever Replace the US Dollar?

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.
24/09/2415m 12s

The Pager Attack Was a Deadly Warning About Supply Chains

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.
23/09/2414m 39s

The Genius Minds Behind the World’s Best Poker Bots

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.
20/09/2414m 4s

Understanding Kamala Harris’ Plan for the Economy

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.
19/09/2414m 21s

The Fed Cut Interest Rates. Now What?

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.
18/09/2416m 13s

Carry Trades, Explained

They caused global markets to seize up – and raised serious questions about just how much money was at stake. No, we’re not talking about the last Fed meeting, or the US jobs report. We’re talking about carry trades – an obscure part of international markets that this summer suddenly became less obscure. On today’s Big Take podcast, our Bloomberg Explains series continues with Bloomberg Opinion columnist Shuli Ren. She tells hosts K. Oanh Ha and David Gura when the yen carry trade began and what went wrong, and we look at  what this week's expected interest rate cut in the US could mean for the practice. Read more: How Big Is the Yen Carry Trade, Really? Further listening: Odd Lots Podcast - BloombergSee omnystudio.com/listener for privacy information.
17/09/2416m 36s

The Fed Finally Seems Ready to Pivot

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.
16/09/2414m 37s

California’s Controversial AI Bill Could Upend the Industry

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.
13/09/2416m 32s

Buttigieg on Fixing America’s Travel Woes

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.
13/09/2416m 53s

Harris Trolled Trump. He Took the Bait.

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.
11/09/2415m 1s

Apple’s Strategy to Rule the World

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.
10/09/2413m 51s

Janet Yellen’s Predictions for the US Economy

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.
09/09/2415m 39s

Everything Is Content Now. Even Your Layoff

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.
06/09/2415m 15s

Trump Is Behind Harris on Fundraising. Will it Matter?

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.
05/09/2415m 21s

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

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.
04/09/2412m 25s

Seeking Asylum in the US? Good Luck.

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.
03/09/2418m 31s

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

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.
02/09/2430m 0s

A Flying Taxi Ride Into the Future of Transportation

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.
30/08/2416m 59s

What NASA’s Reliance on SpaceX Means for Boeing

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.
29/08/2416m 41s

The Latest Mpox Emergency Was Entirely Avoidable

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.
28/08/2413m 27s

Humans and AI Bots Blur in the World's Call Center Capital

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.
27/08/2416m 8s

Powell Says Rates Are Coming Down: How Low Will They Go?

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.
26/08/2416m 9s

Harris and Trump Make Their Case to Black Voters

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.
24/08/2418m 22s

Inside Southeast Asia’s Most Notorious Crime Hub

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.
22/08/2418m 45s

Has Burning Man Burned Out?

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.
21/08/2415m 22s

80% of What We Buy Goes Through Ports. They’re Changing, Fast

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.
20/08/2415m 48s

What Would It Take to Rebuild Gaza?

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.
19/08/2415m 11s

ETFs, Explained

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.
16/08/2416m 24s

The US Election Could Hinge on Seven State Economies

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.
15/08/2416m 14s

Goodbye Sicily, Hello Sarasota. The Post-Pandemic Travel Boom Is Over

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.
14/08/2412m 5s

After a Deadly Student Uprising, Bangladesh Starts Over, Again

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.
13/08/2416m 3s

Want Money From the Middle East? There Are New Strings Attached

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.
12/08/2410m 11s

Why Is Everybody Still Getting Sick All The Time?

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.
09/08/2416m 16s

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

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.
08/08/2415m 59s

Welcome to Ozempictown, USA (No, It’s Not Hollywood)

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.
07/08/2414m 48s

$200 Billion, Four Heirs And One Mighty Empire

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.
06/08/2416m 40s

What’s Behind the Global Market Meltdown

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.
05/08/2416m 34s

The Threat of AI-Made Bioweapons

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.
02/08/2413m 38s

Ghost Jobs Are Haunting the Labor Market

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.
01/08/2416m 41s

How Companies Gamed the H-1B Visa Lottery

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.
31/07/2417m 3s

Japan’s Small Businesses Have a Problem. They Don’t Know How to Raise Prices

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.
30/07/2417m 5s

Behind Trump's Pledge to Make America the "Crypto Capital"

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.
29/07/2417m 48s

Wall Street’s Great Rotation

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.
26/07/2416m 9s

On US Trip, Netanyahu Covers His Bases

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.
25/07/2416m 40s

Why You’ll Want to Know How Your Nurse Practitioner Was Trained

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.
24/07/2417m 10s

Are Cheaper Ozempic Knockoffs Safe?

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.
23/07/2416m 58s

Roblox: The Gaming Platform With a Predator Problem

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.
22/07/2418m 30s

Biden Stepped Down. Will Democratic Donors Step Up?

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.
22/07/2418m 46s

K-Pop’s Plan for Global Dominance? Remove the K

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.
19/07/2414m 29s

Silicon Valley’s Shift to the Right

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.
18/07/2417m 58s

Why This Nobel Winner Faces Life In Prison In Bangladesh

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.
17/07/2415m 16s

Donald Trump Sits Down With Bloomberg Businessweek

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.
16/07/2417m 38s

The Trump Shooting Changes Everything About 2024

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.
15/07/2413m 8s

Pulling Off a Rare Olympic Feat in Paris: Turning a Profit

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.
12/07/2414m 54s

Biden’s Fight to Get Back in the Game

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.
11/07/2415m 59s

Scrappy Drone Startups Are Transforming Ukraine’s Frontlines

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.
10/07/2415m 5s

The Chinese Coffee Chain Beating Starbucks

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.
09/07/2415m 46s

The Lesson From French and British Elections: Incumbents Beware

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.
08/07/2417m 50s

A Conversation With Zelenskiy: Trump, Biden and What’s at Stake for Ukraine

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.
05/07/2416m 0s

Will Kamala Harris Replace President Biden?

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.
04/07/2414m 42s

How Hackers Held the Car Industry Hostage

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.
03/07/2416m 41s

Why China’s Investment Bankers Are Breaking Up With Capitalism

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.See omnystudio.com/listener for privacy information.
02/07/2415m 12s

Forget Sleep. Who’s Ready to Trade All Night?

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.
01/07/2416m 37s

Democratic Panic Follows the First 2024 Presidential Debate

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.
28/06/2419m 12s

The ‘Upflation’ Formula: Halve the Ingredients, Double the Price

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.
27/06/2414m 56s

Hong Kong: Five Years After Anti-China Protests

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.
26/06/2418m 47s

Inside Billionaire Bernard Arnault’s Business Playbook

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.
25/06/2413m 18s

AI’s Insatiable Needs Wreak Havoc on Power Systems

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.
24/06/2414m 44s

Wall Street by Day, Waterdog by Night: The Double Life of a Professional Lacrosse Player

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.
21/06/2414m 43s

The US Housing Affordability Crisis, Explained

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.
20/06/2415m 46s

Inside the Hedge Fund Boot Camps Creating Star Traders

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.
19/06/2417m 0s

The Big Takeaways From Europe’s Far-Right Shift

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.
18/06/2417m 17s

The Dirty, Deadly Price We Pay for Clean Cars

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.
17/06/2417m 41s

Why Is Everybody Getting Sick All The Time?

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.
14/06/2415m 48s

Gold Bars, a Secret Recording and a Senate Seat Up for Grabs

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.
13/06/2416m 38s

Is the Fed Thinking About Inflation All Wrong?

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.
12/06/2417m 3s

A New Breed of Scammer Is Targeting Asia's Ultra-Rich

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.
11/06/2417m 24s

Dirty, Moldy Factories Tied to Recalled CVS-Brand Drugs

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.
10/06/2414m 14s

Low-Tech US Explosives Are Now Crucial to Ukraine’s Defense

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.
07/06/2417m 3s

Biden Took a Stand on Israel. What’s at Stake If It Fails?

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.
06/06/2415m 11s

New Details About Sam Altman’s Past and What They Mean for OpenAI

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.
05/06/2443m 12s

A Stunning Election Result in India as Modi and BJP Fall Short

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.
05/06/2416m 32s

The GameStop Squeeze and the Demise of the Short Seller

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.
03/06/2415m 54s

The Little-Known Green Rule That Could Increase Prices on Everything From Lipstick to Coffee

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.
31/05/2416m 28s

Trump’s Historic Guilty Verdict and What It Means for 2024

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.
31/05/2420m 5s

Just How Powerful Is the US President?

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.
30/05/2416m 31s

What OpenAI’s Scarlett Johansson Dustup Reveals About AI

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.
29/05/2415m 47s

Will the World’s Biggest Nuclear Power Plant Get a Restart?

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.
28/05/2416m 18s

Google’s Moonshot Factory Falls Back to Earth

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.
27/05/2416m 7s

Apartheid’s Long Shadow Hangs Over South Africa’s Election

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.
24/05/2416m 55s

Who Wins the White House Could Reshape Your Taxes

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.
23/05/2416m 12s

The Man Who Ended Password Sharing at Netflix

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.
22/05/2413m 53s

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

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.
21/05/2420m 5s

What the Death of Iran’s President Means for Global Relationships

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.
20/05/2418m 14s

The Stock Market After GameStop (Again)

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.
17/05/2416m 23s

Trump’s 2024 Campaign: Smaller, Nimbler, Faster… And at a Courthouse

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.
16/05/2417m 48s

The Restaurants That Don’t Want to Break Up With Gas Stoves

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.
15/05/2417m 43s

The Rise of Modi, Part 2: How India’s Leader Came Back From the Brink

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.
14/05/2420m 1s

The Rise of Modi, Part 1: Why India’s Leader Is So Popular – and Polarizing

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.
14/05/2417m 41s

Emmanuel Macron’s Plan to Transform Europe

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.
13/05/2418m 44s

The Startups Trying to Save Us From Space Junk

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.
10/05/2413m 38s

It’s About to Get Hot. Small Businesses Will Pay the Price

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.
09/05/2414m 24s

Tim Cook Won’t Be Apple CEO Forever. Who’s Next?

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.
08/05/2415m 32s

Americans Are Spending Billions With ‘Buy Now, Pay Later’

“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.
07/05/2416m 8s

The Man Who Lost $36 Billion in a Week

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.
06/05/2417m 8s

A Billionaire’s Quest to Save a Trillion Trees Is Falling Short

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.
03/05/2415m 38s

Warren Buffett’s Hometown Could Decide the US Election

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.
02/05/2416m 20s

Immigration Is Up. Housing Supply Isn’t.

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.
01/05/2414m 48s

All the Eyes, Ears and Algorithms Focused On the Fed

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.
01/05/2414m 56s

The ‘Silver Tsunami’ Will Test Australia’s Famed Retirement Program

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.
29/04/2414m 10s

Endowment Funds Are Complicated. Here’s What That Means for Student Protesters.

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.
27/04/2413m 57s

This Episode is [Redacted]

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.
25/04/2414m 19s

What Went Wrong at the House of Gucci

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.
24/04/2414m 54s

What Makes Resource-Rich Qatar Such a Powerful Mediator

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.
23/04/2418m 23s

Tensions Are Growing in the South China Sea

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.
22/04/2415m 7s

India Offers A Glimpse Into the Rise of Campaign Deep Fakes

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.
19/04/2416m 37s

Boeing’s Rise, Fall and Painful Public Reckoning

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.
18/04/2419m 45s

The Cocoa Shortage Rocking the Chocolate World

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.
17/04/2416m 49s

The Disturbing Extortion Scheme Targeting Teen Boys

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.
16/04/2419m 52s

Iran’s Attack on Israel and What Comes Next

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.
15/04/2417m 51s

‘Bluey’: A Blue Heeler Worth $2 Billion With an Uncertain Future

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.
12/04/2416m 58s

The Cost of Keeping US Steel US-Owned

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.
11/04/2416m 3s

Why Pricey Private Colleges Don’t Always Pay Off

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.
10/04/2416m 58s

How India Could Overtake China As the Fastest Growing Economy

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.
10/04/2417m 0s

On the Ground With Yellen in China

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.
08/04/2412m 46s

Argentina’s President Who Promised Radical Change Confronts Reality

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.
06/04/2415m 46s

Filing Your Taxes Could Get Easier (If This Program Works)

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.
04/04/2416m 36s

Why Hertz’s Big Bet on Teslas Didn’t Work

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.
03/04/2419m 48s

Traders Ready for Market Turbulence As S&P Hits Highs

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.
02/04/2411m 41s

Big Banks are “Quiet Quitting” Their Climate Promises

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.
01/04/2413m 25s

Jerry Seinfeld: The Last TV Billionaire?

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.
29/03/2412m 57s

The Texas Border Town at the Center of the Immigration Debate

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.
28/03/2417m 50s

The Sentencing of Sam Bankman-Fried

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.
27/03/2419m 31s

Elon Musk’s Starlink Terminals Have a Black Market Problem

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.
26/03/2416m 12s

Employees Describe Pattern of Harassment and Drug Use in Citigroup Unit

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.
25/03/2417m 3s

What TikTok Tells Us About China’s Soft Power

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.
21/03/2419m 24s

Japan Has a New Interest Rate: Zero.

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.
20/03/2415m 33s

The MLB Wants to Make It Big in Asia. Shohei Ohtani Can Help

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.
19/03/2415m 4s

Crypto Is Back. Bubble or Blastoff?

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.
18/03/2417m 33s

The Plumber Shortage Clogging Up the US Economy

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.
15/03/2412m 16s

The Federal Reserve's Tricky Economic and Political Terrain, Explained

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.
14/03/2420m 35s

The Vicuñas and the $9,000 Sweater

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.
13/03/2415m 17s

The Big Business of Catastrophe-Betting

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.
12/03/2412m 40s

What a Cease-Fire in Gaza Would Look Like

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.
11/03/2419m 10s

How Much Does it Cost to Buy an Oscar?

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.
08/03/2411m 42s

91 Felony Counts and a Campaign to Run

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.
07/03/2415m 44s

Inside Microsoft’s Censorship of Bing in China

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.
06/03/2418m 27s

The Biden-Trump Race is On

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.
06/03/2416m 49s

A New Housing Crisis Is Brewing In Places Prone to Climate Disasters

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.
05/03/2414m 9s

Where Does Inflation Go From Here?

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.
04/03/2413m 5s

Introducing: The Deal with Alex Rodriguez and Jason Kelly

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.
03/03/241m 37s

Chinese Emigrants Are Choosing New Destinations - and Transforming Them

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.
01/03/2412m 40s

The Royal Nephews at the Center of Monaco’s Latest Financial Scandal

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.
29/02/2414m 59s

Inside Project Maven, the US Military’s Mysterious AI Project

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.
28/02/2421m 0s

Private Credit Is Attracting Attention. Not All of It Is Good

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.
28/02/2416m 30s

Have US Sanctions on Russia Worked?

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.
26/02/2416m 34s

Russia’s Hunt for Arms Meets North Korea’s Need for Cash

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.
23/02/2414m 28s

The Other MH370 Mystery: Why a Key Safety Measure Keeps Stalling

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.
22/02/2412m 52s

How One Business Decision Set Back the Fight Against Malaria

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.
21/02/2413m 58s

Inside Top Hedge Fund Earners for 2023

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.
20/02/2410m 7s

The Little Sanctions Office That Could

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.
19/02/2415m 7s

Commercial Real Estate Can’t Ignore Its Empty-Office Problem Anymore

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.
16/02/2410m 55s

Third Party Candidates May Cause Trouble for Biden or Trump

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.
15/02/2416m 29s

Unexpected Power Surges Are Putting US Homes At Risk

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.
14/02/2412m 17s

Why Driving A Few Miles Can Save You Thousands on Health Care

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.
13/02/2413m 14s

What the 2024 US Election Could Mean for China

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.
12/02/2441m 52s

The Last Great American (Football) Dynasty

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.
08/02/2411m 51s

How Crypto Is (Finally, Actually) Winning Over Wall Street

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.
07/02/2410m 27s

Libya’s $5 Billion Fuel-Smuggling Trade Has a Russia Problem

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.
06/02/2413m 12s

Investors Have Sky-High Hopes for AI. Can the Tech Deliver?

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.
05/02/2416m 15s

America’s ‘Debt Spiral’ Is Nearing a Critical Threshold

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.
02/02/2413m 56s

The Brutal Crime Crackdown Taking Hold Across Latin America

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.
02/02/2415m 7s

Why Wind Farms Are Paid Millions to Turn Off

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.
31/01/2416m 16s

A New Era for Microsoft, Activision — And for Gaming

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.
30/01/2410m 46s

Shawn Fain Takes On the EV Industry and the Election

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.
29/01/2419m 22s

Economists May Be Using Bad Data to Make Big Decisions

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.
26/01/2416m 19s

The Pharmaceutical Rivalry Behind the Weight-Loss Drug Boom

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.
25/01/2413m 48s

The Stock Market’s Historic Rally, Explained

The S&P 500 closed at a record high on Jan. 19, for the first time in two years. It was the start of a winning streak. In today’s Big Take episode, Bloomberg markets editor Chris Nagi joins the show to discuss why Wall Street’s somewhat pessimistic expectations for this year’s stock market were blown out of the water.See omnystudio.com/listener for privacy information.
24/01/249m 38s

Houthi Attacks in the Red Sea Hit the Global Supply Chain

For two months, Houthi militants have been launching surprise attacks on civilian ships in the Red Sea. Repeated rounds of retaliatory strikes by the US and its allies haven't stopped the assaults. Now, these tensions are threatening not only trade routes, but the broader global supply chain.The Big Take spoke with Bloomberg News reporters Enda Curran in Washington, DC and Mohammed Hatem, who reports on economics and politics in Yemen, about what brought us to this point and how companies are trying to strengthen their supply chains in the face of uncertainty.See omnystudio.com/listener for privacy information.
23/01/2411m 36s

How Israel’s War in Gaza Is Hurting Its Own Economy

Over the last few decades, Israel has transformed itself from a relatively poor agrarian economy to a global startup haven. Its per capita GDP now exceeds that of France, the UK and Japan. But with Hamas’ attack on Israel – which killed 1,200 people and claimed more than 200 hostages – and Israel’s subsequent invasion of Gaza, that economic trajectory could be at risk.   Some 360,000 Israeli reservists were called to serve in the military in the days that followed October 7th, destabilizing Israel’s workforce, while economic growth is forecast to have plummeted in the last quarter of 2023. And as Israel continues its invasion of Gaza – a war that has already claimed the lives of more than 25,000 Palestinians, according to Hamas officials –  Israel’s military spending is expected to balloon. The country’s just-released 2024 budget calls for $19 billion in war-related expenditures.  On today’s Big Take podcast, Israelis involved in building the country’s vibrant start-up ecosystem share their stories of how the aftermath of October 7th has impacted their employees and the community’s operations – and Bloomberg’s Galit Altstein walks us through what it could all mean for Israel’s economic future.  Read more: An Isolated Israel Doubles Down on War in Gaza — At All Costs This episode was produced by: David FoxSenior Producers: Naomi Shavin and Gilda Di CarliEditors: Caitlin Kenney and Jordan FabianExecutive Producer: Sage BaumanSound Design/Engineer: Blake Maples and Alex SugiuraFact-checker: Adriana TapiaSpecial thanks to Galit Altstein and Israel bureau chief Ethan Bronner for the reporting that inspired this episode. Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
23/01/2416m 44s

Big Take DC: Wall Street Is Running Out of Time to Influence the GOP Nomination

Today, we’re sharing the newest episode from our collaborators over at the Big Take DC. They look at why Wall Street donors are waiting to weigh in on the GOP primary. Make sure you subscribe to the Big Take DC feed so you can get episodes like these every Thursday. Just look up Big Take DC, available wherever you listen to podcasts — And while you’re there, check out their reporting from the Iowa caucuses earlier this week.  ----------------------------------------------------------------------------------------------------------------- The biggest individual donors have been notably absent in the GOP primaries: Wall Street investors.  So far, big investors haven’t opened their wallets for Republican frontrunner and former President Donald Trump. But they haven’t rallied around any of his challengers, either. In fact, they’re just as fatigued by the options as everyday American voters, many of whom grimace at the thought of a rematch between Trump and President Joe Biden.  Bloomberg’s Saleha Mohsin talks with Kyle Bass, who is plugged into the world of political money and is close with major donors, and Bloomberg politics editor Laura Davison about what investors want out of the 2024 election, the impact of their donations and what their hesitancy means for this consequential election.Corrects to remove reference to billionaire in podcast and third paragraph.See omnystudio.com/listener for privacy information.
19/01/2420m 13s

Odd Lots: US Oil Is Booming and It's Upending Global Markets

We here at The Big Take are big fans of our colleagues and friends over at the Odd Lots podcast, hosted by Joe Weisenthal and Tracy Alloway. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear! ---- In the early 2010s, US shale players were producing oil like crazy, with no concerns about profitability. Then the legs were kicked out from the industry, causing a massive bust and massive oversupply. In 2021 and 2022, it looked like a very different story. Oil prices were surging and it seemed as though US players had found religion, learning how to maintain production discipline and improve profitability. But now we're in a new era that nobody saw coming: US oil production is booming. In in fact, it's at a record high. What's more, industry participants are actually making money at the same time. So how did they do it? And how did the prognosticators get things wrong? On this episode of the podcast, we speak with Bloomberg Opinion columnist and commodity specialist Javier Blas. We discuss the state of US supply and what it means for OPEC. We also talk about the rising tension in the Red Sea, as well as his reporting on the rise of electronic electricity trading in the European market.See omnystudio.com/listener for privacy information.
18/01/2440m 43s

TikTok Made Me Buy It: Inside TikTok Shop

Last year, TikTok Shop officially launched in the US. It’s the latest commercial venture from ByteDance Ltd., the parent company that owns the social media app. By creating its own marketplace — where users can find and buy products without leaving the app — TikTok hopes to compete with giants like Amazon. And TikTok is not being shy about its ambitions: according to Bloomberg’s reporting, it aims to grow the size of its US e-commerce business to $17.5 billion this year. Small vendors like Scott McIntosh have been invited to TikTok Shop and encouraged to start live streaming their products, a tactic that has proven wildly popular in Southeast Asian TikTok Shop markets. Although skeptical of TikTok as a sales platform at first, McIntosh is now a believer. Will TikTok be able to win over the rest of the American e-commerce market?See omnystudio.com/listener for privacy information.
17/01/2412m 15s

How Victor Wembanyama Could Become a Billionaire by Age 33

At over seven feet tall with an eight-foot wingspan, 20-year-old Victor Wembanyama is not your average NBA rookie. As a center on the San Antonio Spurs, Wembanyama’s fluidity and defensive prowess are already on full display. But his game isn’t the only thing that sets Wemby, as his fans call him, apart. Bloomberg’s sports business reporter Randall Williams crunched the numbers, and found that Wembanyama is on track to earn $1 billion from basketball contracts by the time he’s 33. It would make him the first professional basketball player to reach billionaire status just from playing the game. As Wembanyama considers new brand partnerships and the NBA negotiates new media deals, he could make his billion even sooner – unless an injury sets him back. With rare skills and this rare opportunity, Wemby just might make basketball history.See omnystudio.com/listener for privacy information.
16/01/249m 48s

In Taiwan, Flight Plans for China Conflict

Taiwan’s politics have long been defined by tensions with China, which claims the island as its own. Over the past several years, China has stepped up military exercises and Taiwanese leaders have responded by asserting the island’s self-rule — a tension that shows little sign of easing with the weekend’s election of current vice president Lai Ching-te to the presidency. Across Taiwan, individuals are formulating their own responses to the specter of conflict. Our previous Big Take episode showed one young military veteran’s determination to defend Taiwan set him on a tragic course to Ukraine. In this episode, Bloomberg reporters Wan Chien-Hua and Yang Yang explore those who are plotting flights to safety. Some attend civil defense fairs, which teach where to shelter and drill kids on five ways to protect from missile strikes (plug ears; open mouth). Others accumulate passports to foreign countries that may promise more peaceful lives.See omnystudio.com/listener for privacy information.
15/01/2419m 6s

The World Faces a $270 Billion Traffic Jam in Panama

The Panama Canal moves roughly $270 billion dollars worth of cargo annually – it’s the trade route taken by 40% of all US container traffic alone. But the crucial waterway is contending with a crippling drought, worsened by climate change and infrastructure constraints. Water levels are so low that the Panama Canal Authority is restricting the number of ships that can pass through each day. As the line gets longer, shippers are paying to jump the line, or resorting to workarounds. Bloomberg reporter Peter Millard traveled to Panama to understand how the drought is snarling global shipping and impacting locals. Millard joined the Big Take podcast to share what could solve the canal’s water level issues: from the experimental ideas, to the politically fraught choice to build a new reservoir and flood neighboring lands. There are no easy fixes. But with a traffic jam this big, getting the canal flowing again is becoming more urgent. See omnystudio.com/listener for privacy information.
12/01/2410m 8s

Introducing Big Take DC: Iowa Governor Says DeSantis Can Still Pull Off Caucus Win

Iowa Governor Kim Reynolds gives an exclusive interview to Big Take DC just days before her state kicks off the 2024 presidential cycle. After months of debates and polling, the Iowa caucuses will be the nation's first state-level contest for the next Republican presidential nominee.Bloomberg’s Saleha Mohsin talks with Reynolds about why Ron DeSantis has her vote, and what she’ll do if Donald Trump becomes the party’s nominee.This interview has been condensed for clarity.See omnystudio.com/listener for privacy information.
11/01/2413m 40s

The Taiwanese Soldier Who Lost His Life to Defend Ukraine

Watching footage of Russian attacks on Ukraine, Jonathan Tseng thought: That could happen here, too. So from his home in Taiwan, Jonathan — Tseng Sheng-Guang in Chinese — resolved to take up arms against Russia. He left his wife, son and his beseeching mother in June 2022 to join the ranks of foreign fighters in Ukraine. His decision mirrored his own fears about unwelcome aggression on Taiwan, should China move beyond decades of warnings and threats, and into open conflict, against the island it claims as its own. Bloomberg reporter Yang Yang spent several months looking for and talking to Jonathan’s family, friends and fellow soldiers in Ukraine, in order to understand more about what drove a young Taiwanese man to battle a neighboring aggressor, and what happened to him there. See omnystudio.com/listener for privacy information.
11/01/2434m 5s

The 2024 Elections That Will Shape the Global Economy

Elections this year will determine the leadership of 40% of the world’s population, spanning the United States, to Taiwan, to Mexico, to Senegal. On today’s Big Take podcast: What democracy’s big test means for the economy.See omnystudio.com/listener for privacy information.
10/01/249m 47s

Elon, Inc: Elon's Bad Trip

We here at Big Take are big fans of our colleagues and friends over at the Elon, Inc podcast from Businessweek, hosted by David Papadopoulos. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear!---- Were we talking about almost any other executive, the report by the Wall Street Journal over the weekend about Elon Musk’s alleged drug use would have qualified as a bombshell. The article contends the chief executive of SpaceX and Tesla has used a collection of substances. This, according to the Journal’s unidentified sources, has caused consternation within Musk’s companies, with Tesla board members and SpaceX executives privately expressing concerns that the alleged drug use may be making Musk unreliable and erratic. But it’s not clear that many people, either inside or outside Musk’s companies, are genuinely worried. Musk mostly laughed off the report, offering a jokey response suggesting that  any drugs he was taking should be seen as performance enhancers and noting that he’d passed government-mandated drug tests “after that one puff on Rogan”—a reference to a 2018 interview with Joe Rogan during which he smoked marijuana. Investors have been largely unmoved by all of this, partly because during the period that Musk is alleged to have indulged in illicit substances, he also made them a great deal of money. And Musk has mostly gone back to his regular schedule of boosting conspiracy theories proffered by election deniers, white nationalists and other assorted right wing influencers. On this episode, we are joined by Loren Grush, a Bloomberg aerospace reporter and author of the NASA history, The Six, to discuss why these drug allegations haven’t hurt Musk and why a labor dispute involving SpaceX employees might be a bigger threat in the long run.See omnystudio.com/listener for privacy information.
09/01/2428m 33s

What the World's Top Financial Minds Are Predicting for 2024

At the end of every year, Wall Street’s best and brightest release their predictions about where the economy is heading next. Markets reporter Sam Potter has pored through this year’s financial tea leaves – thousands of pages of them – and joined the show to share the most significant takeaways. Overall, there’s optimism about a “soft-ish” landing, disinflation, and continued consumer strength.  But the consensus view has missed the mark before, and 2024 will bring new unknowns, from interest rate changes to technological advances to global elections. We walk through the possibilities, and the stakes: What can we expect if Wall Street is right? And what happens if they’re wrong?   Read more: Here’s (Almost) Everything Wall Street Expects in 2024   Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://www.bloomberg.com/bigtakeSee omnystudio.com/listener for privacy information.
08/01/2415m 50s

Team Favorite: Taylor Swift Is A Pop Icon. And A Billionaire

We're taking a break this week, here's an episode you might have missed. Taylor Swift’s monumental success is due to her talent as a performer — as well as her business acumen. Bloomberg’s Devon Pendleton and Claire Ballentine join this episode to talk about how the pop star has taken ownership of her music, built a fiercely loyal fan base–and become a billionaire in the process. Read more: Taylor Swift Vaults to Billionaire Ranks With Blockbuster Eras Tour Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Michael Falero and Mo Barrow. Sound Design/Engineer: Gilda Garcia.  See omnystudio.com/listener for privacy information.
05/01/2428m 17s

Team Favorite: You Never Think About Your Car’s Catalytic Converter—Until Thieves Saw It Off

We're taking a break this week, here's an episode you might have missed. Catalytic converters are a vital part of emissions reduction in gas-powered vehicles. But that’s not why they’ve been making headlines. Thieves across the US have been sawing them off cars because they contain precious metals like platinum, palladium and rhodium. Bloomberg Businessweek contributor Evan Ratliff is here to tell the tale of a $500 million catalytic converter theft ring—and how local police departments and federal law enforcement brought it down. Read more: How Cops Cracked a $500 Million Catalytic Converter Crime Ring Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers Michael Falero and Mo Barrow. Sound Design/Engineer: Raphael Amsili.See omnystudio.com/listener for privacy information.
04/01/2432m 43s

Team Favorite: The K-Pop Mogul Behind BTS Brings His Winning Formula To The US

We're taking a break this week, here's an episode you might have missed. Bloomberg’s Lucas Shaw and Sohee Kim join this episode to talk about Bang Si-Hyuk, South Korea’s enormously successful music mogul. The billionaire has built a K-pop empire with bands like BTS and New Jeans, and he’s now looking to expand on that model with a new, global act based in the US. Read more: The K-Pop Mogul Behind BTS Is Building the Next BTS Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineer: Raphael Amsili.See omnystudio.com/listener for privacy information.
03/01/2423m 37s

Team Favorite: Avoiding War With China Is The Top Issue In Taiwan's Election

We're taking a break this week, here's an episode you might have missed. Taiwan’s current Vice President, ​​Lai Ching-te, leads the polls in the upcoming January presidential election. The winner will have a lot to contend with–and at the top of the list is how to keep the peace with China amid rising tensions. Bloomberg Businessweek editor Joel Weber sat down with Vice President Lai for several wide-ranging interviews in Taiwan.  Joel and Taipei deputy bureau chief Cindy Wang join this episode to talk about the challenges the next president will face in preserving a democratic Taiwan, and public concerns about the possibility of military conflict with China.  Read more: Taiwan’s Election Is All About War Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Michael Falero and Mo Barrow Sound Design/Engineer: Gilda Garcia.See omnystudio.com/listener for privacy information.
02/01/2435m 38s

Team Favorite : The Junk Food Industry Finds Its Next Sweet Spot: India

We're taking a break this week, here's an episode you might have missed. Bloomberg’s Pratik Parija and Kai Schultz join this episode to discuss why the packaged food and beverage industry has its sights set on India—and what that means for the health and wellbeing of the 1.4 billion people who live there. Read more: Junk Food's $30 Billion Opening Is India's Next Health Crisis  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.  This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineer: Gilda Garcia.See omnystudio.com/listener for privacy information.
01/01/2420m 15s

Team Favorite: Mattel Bets Big On Barbie's Pink Carpet Debut

We're taking a break for the holidays, so here's an episode you might have missed. She’s been an astronaut, a scientist and the president of the United States. Now Barbie is a movie star. Bloomberg’s Kelly Gilblom joins this episode to talk about Mattel’s bet that the $100 million Barbie movie debuting July 21 — and the launch of the company’s entertainment division — will revive its biggest brand, reel in new fans and help it reclaim the No. 1 spot of global toymaker. Read more: Mattel's Risky Bet on a Feminist Barbie Movie Just Might Work Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero Sound Design/Engineer: Raphael Amsili.See omnystudio.com/listener for privacy information.
29/12/2332m 6s

Team Favorite: The Not So Easy Trick To Getting Rid of Rats (In Big Cities)

We're taking a break for the holidays, so here's an episode you might have missed. The number of rat-related complaints in American cities has spiked in recent years. In the most overrun cities – Chicago, Washington, DC and New York – officials are stepping up efforts to find and kill them. New York is going so far as to hire a rat czar in charge of stamping them out. Good luck with that. Cities have tried and failed for decades to control rats. So what can be done to contain the population of these rapidly reproducing rodents? To answer that question, Big Take podcast producers Kathryn Fink, Rebecca Chaisson and Sam Gebauer hit the streets with a rat control squad in Washington and rodentologist Dr. Bobby Corrigan in New York. We also speak with New York Sanitation Commissioner Jessica Tisch. The good news: we can bring rats under control. The bad news: human nature means we probably won’t. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Rebecca Chaisson, Associate Producer: Sam Gebauer. Sound Design/Engineer: Raphael Amsili.See omnystudio.com/listener for privacy information.
28/12/2331m 10s

Team Favorite: Why Is The US Dependent On Russian Uranium?

We're taking a break for the holidays, so here's an episode you might have missed. About half of the enriched uranium that nations around the world use for nuclear power comes from Russia. It supplies almost a quarter of America’s 92 nuclear reactors and dozens of other plants across Europe and Asia. The US is now trying to change that with a big push to build up its own capabilities. Bloomberg’s Jonathan Tirone and Will Wade join this episode to talk about what it will take for the US and its allies to free themselves from Russian uranium. Read more: The Manhattan Project to Wean the World Off Russian Uranium Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineer: Gilda Garcia.See omnystudio.com/listener for privacy information.
27/12/2324m 25s

Team Favorite: Police Are Tracking Down Suspects With Google User Data

We're taking a break for the holidays, so here's an episode you might have missed. Google is able to collect a lot of information about the people who use its products on their phones, including where they are at any given time. A growing number of police departments across the US are seeking to obtain this data from Google to help solve crimes. Bloomberg’s Davey Alba and Julia Love join this episode to weigh the pros and cons of using location data in law enforcement, and the privacy concerns it raises. And Travis Staab, a police detective in Arizona, shares how he and his colleagues have used the information to track down suspects. Read more: Google User Data Has Become a Favorite Police Shortcut Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Sam Gebauer, Christine Driscoll, Sound Design/Engineer: Raphael Amsili.See omnystudio.com/listener for privacy information.
26/12/2330m 13s

Team Favorite: Women's Pro Tackle Football Takes The Field

We're taking a break for the holidays, so here's an episode you might have missed. Bloomberg Businessweek contributor Mary Pilon joins this episode to talk about the promise–and challenges–of building a fanbase for the Women’s Football Alliance, an all-female, full-contact league that has 60 teams in four divisions across 32 states. And we head to a nighttime practice of the DC Divas, to hear from the players and coaches about why they love the game and what it means for women to play tackle football. Read more: Women Tackle Football With a Full-Contact League of Their Own. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero Sound Design/Engineer: Gilda Garcia.See omnystudio.com/listener for privacy information.
25/12/2332m 29s

Team Favorite: Your Pet Is Costing You A Fortune and You Don’t Care

We're taking a break for the holidays, so here's an episode you might have missed. The global pet economy is expected to reach nearly half a trillion dollars by 2030. After a pandemic surge in pet adoptions, more people are buying ever more expensive food and toys for their furry friends. But beyond these routine costs, a growing number of owners are also shelling out thousands for veterinary care to treat complex illnesses and keep their pets alive for longer.  Bloomberg reporters Brendan Case and Nacha Cattan join this episode to give an expansive view of the industry, including how new diagnostic tools and medications are extending pet lifespans—and wearing down owners’ wallets. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Rebecca Chaisson, Associate Producer: Sam Gebauer. Sound Design/Engineer: Gilda Garcia.See omnystudio.com/listener for privacy information.
22/12/2326m 2s

The Five Countries Acting as Economic ‘Connectors’ in a Fragmented World

Tensions continue to grow between China and the big economic powers in Europe and the United States. Russia’s invasion of Ukraine and the war between Israel and Hamas are adding global uncertainty. As new geopolitical fault lines form, some nations are emerging as winners, according to an analysis of trade and investment data by Bloomberg Economics and Bloomberg Businessweek. Bloomberg’s Maeva Cousin and Shawn Donnan join Scarlet Fu to walk through the findings, discussing the five winners and what’s happening there. Read more: These Five Countries Are Key Economic ‘Connectors’ in a Fragmenting World  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.This episode was produced by: Federica Romaniello and Sam Gebauer. Sound Design/Engineer: Raphael Amsili.See omnystudio.com/listener for privacy information.
21/12/2329m 5s

Public Transit in the US Is About to Get Worse

If you’ve suffered the slights of US public transportation in recent years, brace yourself for more grief. Transit agencies across the country have been grappling with reduced ridership and revenues since the pandemic. By next year, billions of dollars in emergency aid is slated to dry up, making matters that much worse. Budget shortfalls are likely to affect millions of Americans who rely on public transportation every day.  Bloomberg reporter Skylar Woodhouse joins host Scarlet Fu to discuss overburdened and underfunded public transportation agencies—including some of the country’s largest—and the financial squeeze pushing them even closer to collapse. Read More: America’s Subways and Buses Face Deep Service Cuts as Federal Money Ends Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
20/12/2320m 56s

Elon, Inc: Grok Is Good, Actually, and a Tesla Recall

We here at The Big Take are big fans of our colleagues and friends over at the Elon, Inc podcast from Businessweek, hosted by David Papadopoulos. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear!---- When Elon Musk announced his new AI chatbot “Grok” last month, almost everything about it looked like a publicity stunt or a vanity project or both. The product was seemingly built over a matter of months, it was only available to a small group of X users and its chief selling point was Musk’s promise it wouldn’t be constrained by the “woke mind virus.” He boasted that Grok’s chatbot was “based”—a slang term meaning unapologetically right wing—and posted fratty memes meant to emphasize Grok’s dominance over market-leading competitor ChatGPT. None of this inspired confidence. But with Grok now available to paying users of Musk’s social media platform, the reviews are coming in. And they’re surprisingly positive. This week we are joined by Bloomberg reporter Shirin Ghaffary, who has been testing out the new chatbot and comparing it ChatGPT and Google’s Bard chatbot.  See omnystudio.com/listener for privacy information.
19/12/2330m 50s

The Big Equality Stories of 2023 – and What’s Next

The past year has been relentless for news, with indictments of a former US president, wars in Europe and the Middle East, and Earth’s hottest year on record. It was a big year, too, for equality news in the US — including headlines that corporations made good on their 2020 vows to hire more people of color. But 2023 also saw challenges to affirmative action and access to abortion medication, and there are more questions for the year ahead. Will a diverse pool of workers hired in 2021, largely to entry-level jobs, be retained and promoted? How will working parents and especially mothers, who benefited from pandemic-era flexible work, weather shrinking childcare options? Bloomberg Equality reporter Kelsey Butler and Businessweek senior writer Claire Suddath join Nancy Cook to discuss these and other stories they’re watching. Read more: The Fight for Equality in 2023 Is a Very Long Game Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
18/12/2331m 41s

Introducing: Bloomberg News Now

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.      on Apple: trib.al/Mx9TCh1     on Spotify: trib.al/T4BG8s4     Anywhere: trib.al/O4EX6BASee omnystudio.com/listener for privacy information.
17/12/2351s

The Supreme Court Is About to Have a Very Big Year

During its last two terms, the US Supreme Court and its six-member Republican-appointed supermajority showed its power to shape important policy issues that affect all Americans, bringing down significant and highly controversial rulings on abortion, student loan forgiveness and affirmative action. So what’s next? Bloomberg Supreme Court reporter Greg Stohr looks ahead at which cases are likely to be of greatest consequence this term—spanning gun rights, reproductive rights, speech on social media and how much power federal agencies should have. And later, we look at Donald Trump’s federal prosecutions, one of which is already before the court thanks to an extraordinary request from Special Counsel Jack Smith. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
15/12/2327m 9s

‘Union Joe’ Falls Behind Trump in Michigan Among Autoworkers

Michigan is a key swing state for next year’s presidential election – and despite Democrats controlling the state’s legislature and holding the governor’s seat, former President Donald Trump is ahead in polls. The latest Bloomberg News/Morning Consult poll revealed that 46% of voters in the state said they would vote for Trump, and 42% backed President Joe Biden. The Big Take podcast sits down with Bloomberg’s Wendy Benjaminson and Jeff Green to dig into the data and understand what’s happening on the ground in this key swing state.See omnystudio.com/listener for privacy information.
14/12/2313m 39s

Who’s Ready for a Trump-Biden Rematch? Anyone?

Most American voters are dissatisfied with both President Joe Biden and his predecessor, Donald Trump. Barring any health surprises (Biden is 81 and Trump is 77) or other major twists (Trump is a defendant in four felony prosecutions), one of them is almost certainly going to win when voters go to the polls on Nov. 5, 2024. How are these two, currently unpopular candidates poised to become their parties’ presidential nominees without so much as a serious challenge? Bloomberg Businessweek national correspondent Joshua Green talks with Nancy Cook about how voters and donors are feeling about another Trump-Biden matchup. Read more: Who’s Ready for a Trump-Biden Rematch? Anyone? Hello? Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
13/12/2327m 9s

Why China's Richest Gen-Zs Are Flocking Home

China is facing the world's biggest exodus of millionaires and growing capital outflows. Yet at least one group is bucking the trend -- the growing number of ultrawealthy Chinese youth who are returning to the mainland.Rising geopolitical tensions, and the perception of increasing hostility abroad toward Chinese nationals, have led children of some of China's richest people to eschew what used to be coveted overseas jobs and foreign citizenship, and recalibrate to a life at home where the mantra is “stay humble, stay quiet." Bloomberg's K. Oanh Ha and Selina Xu explain how we got here, and how it will affect US-China relations.Read more: China’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseListen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
12/12/2311m 56s

From Food to Mortgages, Being American Is Very Expensive

The cost of living in America has increased significantly since 2020, when the Covid-19 pandemic triggered a sudden deceleration of the world’s largest economy. Three years later, the spike in inflation that followed is finally easing as the US Federal Reserve aims optimistically for a soft landing. But that doesn’t mean the price of goods and services is falling back to Earth—at least not right away. Bloomberg reporters Reade Pickert and Jennah Haque crunched the numbers to see just how much more Americans are shouldering in their everyday expenses compared with pre-pandemic levels. Read more: Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
11/12/2326m 20s

Bonus Episode: Hate Crimes Surge in Wake of Gaza War

Reports of crimes targeting Jews, Muslims and Arabs have risen around the world in since the Oct. 7 Hamas attack on Israel, and the Israeli military’s retaliatory operation in Gaza. While previous conflicts in the Middle East also sparked a backlash outside the region, this time it is more intense and the wave of hate may be far from cresting, according to advocacy groups, former law enforcement officials and analysts. In this special edition of The Big Take, Stephen Carroll examines how these communities are confronting a global surge in hate speech and hate crimes. Read more: A Wave of Hate Crime Unleashed by Israel-Hamas War Is Testing the World Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK See omnystudio.com/listener for privacy information.
10/12/2324m 6s

Ukraine Struggles for Weapons as Winter Nears

With winter falling in Ukraine and Russia’s war there poised to enter its third year, supporters of Ukrainian President Volodymyr Zelenskiy are nervous about whether they will have enough arms and military aid to support their defense. The conflict between Israel and Hamas has captured world attention. In the US, Senate Republicans have blocked $66 million in emergency Ukraine aid. And further out, Kyiv is closely watching the 2024 presidential prospects of Republican frontrunner Donald Trump, who has praised Russia’s Vladimir Putin and threatened to pull the US out of NATO. To discuss the prospects for Kyiv, Bloomberg’s Kyiv Bureau Chief Daryna Krasnolutska and Alberto Nardelli, Correspondent-at-large for Europe, join Rosalind Mathieson. Read more: Ukraine’s Struggle for Arms and Attention Gives Putin an Opening  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
08/12/2328m 44s

The US Has a Defense Supply Chain Problem

The US is selling, lending and donating weapons to its allies all over the world, but its supply chain can't keep up. Increased demand from America's allies, along with a three-decade trend of consolidation in the defense sector, has strained the stockpile of bullets, artillery shells and other weaponry that the country itself might need in the event of a war. The Big Take podcast sits down with Retired Army Major General John Ferrari and Bloomberg News reporter Courtney McBride to understand how the country got here and what it would take to boost production now.See omnystudio.com/listener for privacy information.
07/12/2313m 12s

It Is Not A Good Time to Be A New Homebuyer. Anywhere

Across the globe, the housing boom is ending. In the US, a freeze is approaching, creating a barrier to entry for new homebuyers. In countries like New Zealand, Canada, Germany and France, a shortage of homes is colliding with a slowdown of new construction due to higher borrowing rates. And in the UK, landlords are bracing for pain as floating rate mortgages reset and the cost of living hits the highest level in a generation. Bloomberg’s Kara Wetzel and Ari Altstedter join this episode for a look at how the housing market is adjusting to higher interest rates, leaving homeowners trying to keep pace and buyers struggling to enter the market.  Read more: Higher Interest Rates Are Shattering Housing Dreams Around the World Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
06/12/2326m 34s

Introducing: Elon, Inc.: Deciphering Elon Musk's Politics

We here at The Big Take wanted to introduce you to our colleagues and friends over at the Elon, Inc podcast from Businessweek, hosted by David Papadopoulos. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear!----This time we assess the aftermath of an especially gonzo week in the life of Elon Musk—one in which the billionaire CEO delivered the first production units of his company’s latest vehicle (the Cybertruck), weighed in on his preferred candidates for the 2024 election (neither Donald Trump nor Joe Biden) and offered a message to the chief executive of one of America’s most beloved brands (“Go f— yourself”). Such trash talk and worse has left Musk somewhat isolated, with advertisers like Disney still avoiding his social media platform over his endorsement of an antisemitic conspiracy theory.See omnystudio.com/listener for privacy information.
05/12/2332m 7s

How These Victims of Deepfake Pornography Found Their Harasser

This episode includes some disturbing descriptions of sexual acts and assault. If you have kids around, you might want to use headphones. And please take care when listening. Artificial intelligence and “generative AI” tools – think ChatGPT or Stable Diffusion – have become ingrained in our daily lives as a way to make aspects of work and life easier when used for its intended purpose. But many of them are open-source and widely available, giving users free rein to alter publicly available photos of people – including images taken from social media – to depict events that never happened in real life. These images are called “deepfakes” and increasingly, they’re being altered in sexually explicit ways and posted online without consent. While the photos are fake, the harm inflicted is real.  Bloomberg’s Olivia Carville and Margi Murphy join this episode to describe the fallout when deepfake creators use AI to alter images and videos. Despite the harm to victims, there is little legal recourse under US law. Read more: No Laws Protect People From Deepfake Porn. These Victims Fought Back Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
04/12/2334m 7s

While The World Watches Gaza and Ukraine, The Pentagon Eyes China

The world's attention has been on the pause in fighting between Israel and Hamas, as well as the ongoing war in Ukraine. But US military planners and strategists are laser focused on China’s military capability and the possibility of a Taiwan invasion.Bloomberg’s Peter Martin joins this episode to talk about what Pentagon officials are watching for and whether China’s warfighting capabilities can match its substantial buildup of military hardware. Read more: Can China Fight? The Russia-Ukraine War Offers Warnings Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
01/12/2328m 42s

How HOA Fees and Fines Add to the US Housing Affordability Crisis

Nearly 80% of new homes built for sale in the US are in homeowners’ associations, or HOAs, or similar communities, which are governed by a board charged with keeping up shared spaces. HOAs maintain an often strict code to create an idyllic landscape across a neighborhood intended to protect property values. And for that, they charge monthly dues ranging from hundreds to more than $1,000. On top of that, seemingly small violations can draw big fines. About 20 states allow HOAs to claim the property, even over the bank, if an owner is behind on fees or fines. The Big Take podcast shares the story of a family that bought a new home in an idyllic HOA community, only to face foreclosure after falling behind on HOA fines and fees.See omnystudio.com/listener for privacy information.
30/11/2317m 9s

A Pause Holds In the Israel-Hamas War

Bloomberg’s Israel Bureau Chief Ethan Bronner and contributor Fadwa Hodali join host Rosalind Matheison for the latest on the truce between Israel and Hamas as negotiations continue over the release of hostages in Gaza and Palestinian prisoners in Israel. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
29/11/2327m 18s

What Comes Next in China's Property Crisis

China's real estate market was once valued at more than $50 trillion. It made up a full quarter of the country's entire economy and made millions of people really rich. Now, it's in tatters, and upending hundreds of thousands of lives.In this episode, Bloomberg's Lulu Chen and Janet Paskin zoom in on the story of Huailan - a 35-year-old mother of two in North East China - and how her life took a sharp turn when Country Garden, China's biggest developer, defaulted.  Read more:China Drafts List of 50 Property Firms Eligible for FundingChina’s Property Crisis Is Upending Tens of Thousands of LivesListen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK See omnystudio.com/listener for privacy information.
28/11/2317m 1s

The Economy Is Up But The Middle Class Is Down

Bloomberg reporters Shawn Donnan and Claire Ballentine join this episode to discuss the results of a new Harris Poll for Bloomberg News, which found that the US Federal Reserve’s rapid increase in interest rates—aimed at fighting inflation—have more middle-class Americans worried about the economy than a year ago, even amid near-record employment.  Read more: Middle-Class Americans Are Rattled by Fed’s Fight Against Inflation  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
27/11/2322m 51s

Team Favorite: Massive Wind Turbines Are Rising From The Atlantic Ocean

We’re taking a break today for the Thanksgiving holiday. Here’s a favorite episode from August that you might have missed. We’ll be back on Monday with a new episode. Have a great weekend. And thanks for listening! America’s first major offshore wind farm in the Atlantic Ocean is now under construction 15 miles south of Nantucket, off the coast of Massachusetts. Once complete, the 800-megawatt project is expected to generate enough electricity to power 400,000 homes. But with inflation and rising interest rates stifling progress on some other wind projects, will the Biden administration reach its 2030 goal of generating 30 gigawatts of power from offshore turbines? Bloomberg’s Will Wade went out to see the Massachusetts project, and he joins this episode to explain the promise–and the problems–of erecting wind power on such a large scale. And Nick Schulz, a commercial diver working on the project, describes what it's like to build a massive turbine installation in deep water. Read more: Atlantic’s Biggest Offshore Wind Turbine to Rise Next Week in US Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
24/11/2327m 19s

Team Favorite: The K-Pop Mogul Behind BTS Brings His Winning Formula To The US

We’re taking a break today for the Thanksgiving holiday. Here’s a favorite episode from October that you might have missed. We’ll be back on Monday. Thanks for listening! Bloomberg’s Lucas Shaw and Sohee Kim join this episode to talk about Bang Si-Hyuk, South Korea’s enormously successful music mogul. The billionaire has built a K-pop empire with bands like BTS and New Jeans, and he’s now looking to expand on that model with a new, global act based in the US. Read more: The K-Pop Mogul Behind BTS Is Building the Next BTS Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
23/11/2323m 39s

Team Favorite: There’s A Lot You Don’t Know About The US Space Force

We're taking a break this week for the Thanksgiving holiday, so here's an episode you might have missed. We'll be back on Monday with a new episode. The US Space Force, established in 2019, is the first new branch of the military to be created since 1947, and its mission is vast: defend US interests in space. But what exactly is the Space Force? And what does defending US interests in space mean or look like practically? As the nearly $900 billion defense spending bill winds its way through Congress, Wes went to the Pentagon to sit down with General David Thompson, the Vice Chief of Space Operations to learn what US interests in space are, and how the branch is developing. Bloomberg cybersecurity reporter Katrina Manson joins later to describe her visit to Space Command in Colorado and the importance of the US keeping a watch on its adversaries in zero gravity. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net. This episode originally aired on 7/26/23.See omnystudio.com/listener for privacy information.
22/11/2338m 41s

Team Favorite: NYC Tries Supervised Release Instead Of Jail. Other Cities Are Watching

We're taking a break this week for the Thanksgiving holiday, so here's an episode you might have missed. We'll be back on Monday with a new episode. Hundreds of thousands of people charged with crimes in the US each year are incarcerated while they await trial. Often it’s because they can’t afford to pay bail. New York City’s pretrial supervised release program aims to change that. A judge can opt to release some defendants under the supervision of a caseworker, who monitors their progress as they await their day in court. Bloomberg’s Fola Akinnibi and Sarah Holder join this episode to talk about how the program works, the fraught politics around it–and why it may become a blueprint for other cities and states. Read more: America Is the World Leader in Locking People Up. One City Found a Fix Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net. This episode originally aired 9/25/23.See omnystudio.com/listener for privacy information.
21/11/2321m 16s

Team Favorite: Despite Recession Fears, Small Businesses Keep Opening. Can They Survive?

We're taking a break this week for the Thanksgiving holiday, so here's an episode you might have missed. We'll be back on Monday with a new episode. Even with a looming recession, high interest rates and a tight labor market, small businesses have been opening at record rates over the last few years, surpassing pre-pandemic levels. They’ve also been the primary driver of job creation in the US. Bloomberg reporter Enda Curran dug into why small businesses are having a moment—and the challenges owners are facing in this uncertain economy. Plus, meet the owners of a bakery and a microbrewery who discuss how they’ve been keeping their businesses afloat. Read more: The Pandemic Small-Business Boom Is Fueling the US Economy Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net. This episode originally aired on 10/2/23.See omnystudio.com/listener for privacy information.
20/11/2323m 28s

Big Take News Wrap: Shutdown Averted. Trump Legal Battles. 2024 Race

Catch up on some of the week’s biggest US stories. Bloomberg’s Mario Parker, Megan Scully and Zoe Tillman join this episode to talk about the Congressional stopgap bill that has temporarily averted a government shutdown; the latest on Donald Trump’s legal battles; and the narrowing Republican presidential field. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
17/11/2333m 13s

How Two-Party Politics Drives Out Moderates

Congress averted a government shutdown with days to spare. The way lawmakers did it — by leaving out deep spending cuts and relying on a bipartisan coalition to pass the bill — has already put House Speaker Mike Johnson on thin ice with some hardliners in his party.
 That disdain for compromise among members of the right flank of the GOP is one of the factors that cost the previous speaker his job. None of the infighting came as a surprise to former Representative Denver Riggleman, who served one term in Congress as a Republican for Virginia’s fifth congressional district before losing a primary challenge from a more conservative candidate. 
 Like many in his party, Riggleman supported small government, the Second Amendment, and border security — but he also supported legalizing marijuana and providing some exceptions for abortion.
 “I was told I was a new type of Republican,” Riggleman said on the Big Take podcast.
 On this episode, Riggleman shares the story of his brief and explosive tenure in congress. See omnystudio.com/listener for privacy information.
16/11/2317m 49s

The EV Era Is Here. And China Is In The Lead

The transition from combustion engines to electric vehicles is well under way. It's a critical part of a historic transformation that will soon affect all consumers and businesses alike. In the race to dominate the market for EVs, China has been the standout as US companies struggle to become competitive.  Bloomberg’s Colin McKerracher and Malcolm Scott join host Rosalind Mathieson to dig into how the EV revolution is shaking up the global economy. Read more: EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
15/11/2327m 6s

Why Wall Street Sells So Many Car Loans That Buyers Can’t Pay Off

Bloomberg’s Paige Smith and Scott Carpenter join this episode to talk about why the subprime auto loan market is thriving—and what that means for lower-income car owners who face high interest rates and the possibility of losing their vehicles. Read more: How Wall Street Makes Millions Selling Car Loans Customers Can’t Repay  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
14/11/2331m 42s

Elon Musk’s Neuralink Wants To Get Inside Your Head

Bloomberg’s Ashlee Vance joins this episode to talk about his exclusive reporting on Neuralink, Elon Musk’s brain implant startup that’s gearing up for its first human clinical trial.  Read more: Elon Musk’s Brain Implant Startup Is Ready to Start Surgery  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
13/11/2326m 59s

Introducing: Elon, Inc.

At Bloomberg, we’re always talking about the biggest business stories, and no one is bigger than Elon Musk. In this new chat weekly show, host David Papadopoulos and a panel of guests including Businessweek’s Max Chafkin, Tesla reporter Dana Hull, Big Tech editor Sarah Frier, and more, will break down the most important stories on Musk and his empire. Listen wherever you get your podcasts.See omnystudio.com/listener for privacy information.
12/11/2343s

Consumer Brands Keep Getting Pulled Into Politics

What do Nike, Bud Light, Target and Disney have in common? They’re all brands that have been caught up in America’s political and culture wars. Corporations once tried to stay out of politics. Now they often find themselves under pressure from customers to take a stand on issues including racial discrimination, police violence and LGBTQ rights. And that’s sometimes led to protests and calls for boycotts. Bloomberg Businessweek’s national correspondent Joshua Green reports that many CEOs must now weigh which poses a bigger risk to their brands—speaking up or staying quiet. Read more: No One Understands Corporate Boycotts Like This Former Trump Researcher Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
10/11/2322m 40s

US Veterans Are Losing Their Homes As Covid Mortgage Relief Ends

During the pandemic, the US government granted millions of homeowners a temporary pause in their mortgage payments. Hundreds of thousands of military veterans were among those who participated in the program. After the pause lifted, they thought they would pick up their payments where they’d left off. For many of them, that wasn’t the case. Bloomberg's Caleb Melby and Polly Mosendz join this episode to explain why veterans across the country have found themselves battling lenders that are threatening to foreclose on their homes—and what if anything is being done to help them. Read more: Veterans Got a Mortgage Break. Now They're Losing Their Homes Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
09/11/2326m 30s

Previewing the Republican Primary Debate With Governor Chris Sununu

New Hampshire Governor Chris Sununu is still playing the Republican presidential primary field. With a little more than two months until the first caucus, the four-term Republican governor still hasn't made a pick. And he’s a major voice in his party — someone who some Republicans and independents wish had run for president himself. He instead chose to advise other candidates in the race. “Republicans could be in real trouble in ’24,” Sununu told Senior Washington Correspondent Saleha Mohsin. “We lost in ’22.” Mohsin spoke with Sununu over Zoom about the third Republican presidential primary debate and what the 2024 election means for the future of the party.See omnystudio.com/listener for privacy information.
08/11/2315m 18s

The Junk Food Industry Finds Its Next Sweet Spot: India

Bloomberg’s Pratik Parija and Kai Schultz join this episode to discuss why the packaged food and beverage industry has its sights set on India—and what that means for the health and wellbeing of the 1.4 billion people who live there. Read more: Junk Food's $30 Billion Opening Is India's Next Health Crisis  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
07/11/2320m 2s

The Company That Made Your Phone Wants To Make Your EV, Too

The Taiwan-based company Foxconn builds roughly two out of every three iPhones, along with the Google Pixel, Amazon Kindle, Nintendo Switch and a slew of other popular products. Bloomberg’s Reed Stevenson joins this episode to talk about Foxconn’s ambitious new goal: to become a major manufacturer of electric vehicles.  Read more: Foxconn Makes Your iPhone. Now It Wants to Make Your Electric Car Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
06/11/2327m 30s

Growing Pressure On Israel Over The Humanitarian Crisis In Gaza

Bloomberg’s Henry Meyer and Galit Altstein join this episode with an update on the Israel-Hamas war, including the growing humanitarian crisis in Gaza; calls from the US and other nations for a pause in the fighting; and the latest on negotiations to free the hundreds of hostages Hamas is holding in Gaza. Read more: Israel’s Step-by-Step Gaza Offensive Risks Longer Deadly War Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
03/11/2325m 42s

The Man With $1.2 Trillion to Spend and an Infrastructure Plan to Sell

In November 2021, President Joe Biden signed the $1.2 trillion Bipartisan Infrastructure Act into law. That hasn’t translated into a clear political win for a president seeking reelection, though.  According to a recent Bloomberg/Morning Consult poll, only 38% of voters in seven swing states say they trust President Joe Biden to handle infrastructure, compared to 42% who trust former President Donald Trump. That’s not just bad news for Biden, it’s bad news for White House Senior Advisor Mitch Landrieu, the president’s “infrastructure coordinator.” Senior Washington Correspondent Saleha Mohsin sat down with Landrieu for The Big Take. Landrieu discussed the challenges facing an administration that wants credit for uniting Congress on this historic investment, and how his experience in local and state government rebuilding New Orleans after Hurricane Katrina informs his approach.See omnystudio.com/listener for privacy information.
01/11/2316m 36s

Three Guilty Pleas. Two Gag Orders. One Former President’s Legal Troubles

Bloomberg’s Zoe Tillman and Sara Forden join this episode for an update on former president Donald Trump’s ongoing legal troubles—including gag orders that restrict what he can say about cases in DC and New York, plea deals in the Georgia case by some of his former lawyers, and attempts to invoke the Constitution to remove Trump from the 2024 ballot in at least two states. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
01/11/2329m 20s

From Poland To India, Food Security Is A Key Election Issue

Bloomberg’s Agnieszka de Sousa joins this episode to discuss why concerns about food security have become a top issue in elections around the world—including in Argentina, Poland, New Zealand and India. And food security expert Tim Benton of Chatham House talks about what can be done to relieve growing global tensions over food. Read more: Food Is Hot Campaign Issue in Elections From Argentina to Poland  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
31/10/2324m 59s

How Washington Plays Matchmaker For The US Gun Industry

Bloomberg’s Jessica Brice and Michael Smith join this episode to talk about how and why the US Commerce Department is helping the firearms industry find overseas buyers for American-made guns. Read more: How Hundreds of US Government Employees Became Gun Industry Sales Reps  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
30/10/2322m 12s

Taylor Swift Is A Pop Icon. And A Billionaire

Taylor Swift’s monumental success is due to her talent as a performer — as well as her business acumen. Bloomberg’s Devon Pendleton and Claire Ballentine join this episode to talk about how the pop star has taken ownership of her music, built a fiercely loyal fan base–and become a billionaire in the process. Read more: Taylor Swift Vaults to Billionaire Ranks With Blockbuster Eras Tour Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
27/10/2328m 4s

House Republicans Finally Pick A Speaker. Who Is Mike Johnson?

On Wednesday, after a three-week battle in the US House of Representatives, Republicans voted in a new House speaker to replace ousted speaker Kevin McCarthy. Bloomberg congressional editor Megan Scully joins this episode to answer the question people inside Washington and around the US are now asking: Who is Mike Johnson? Read more: What to Know About Trump-Backed Speaker Mike Johnson Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
26/10/2322m 57s

How Bogus Jet Engine Parts Were Sold To Airlines Around The World

Julie Johnsson and Siddharth Vikram Philip join this episode to discuss Bloomberg’s investigation into sales of airplane components with falsified documentation. Read more: Ghost in the Machine: How Fake Parts Infiltrated Airline Fleets  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
25/10/2325m 36s

Israel Debates When—And How—To Invade Gaza

Bloomberg’s Israel Bureau Chief Ethan Bronner joins this episode to talk about the latest developments in the Israel-Hamas war.Read more: Hostages and Hezbollah Force Israel to Rethink Gaza Ground War Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
24/10/2323m 28s

18 Wheelers. Big Open Highways. And No Driver

Bloomberg’s Thomas Black joins this episode to talk about the progress being made in developing autonomous trucks—including the 18-wheelers that deliver goods across the US. Three companies are now testing them in Texas, and trucks without drivers could be rolling down US highways as early as next year. Plus, Chris Urmson, CEO of Aurora, one of the companies  testing in Texas, discusses the road to developing driverless truck technology. Read more: Goodbye, California. Driverless Trucks Are Headed to Texas Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
23/10/2328m 21s

Putin And Xi Find The Limits Of Their ‘No Limits’ Friendship

Bloomberg’s Rebecca Choong Wilkins joins this episode to talk about this week’s meeting of Xi Jinping and Vladimir Putin in Beijing, and what it says about the complicated relationship between the two men and the nations they lead. Read more: Will Xi Jinping’s Gamble on Vladimir Putin Pay Off? Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
20/10/2324m 31s

A Fertility Startup Is Having Some Growing Pains

Bloomberg's Jackie Davalos joins this episode to talk about Kindbody, a startup that operates fertility clinics around the US—and the challenges the company has faced as it expands. Read more: Embryo Errors, Flooded Clinics: Kindbody and IVF's Risky Business Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
19/10/2329m 6s

The K-Pop Mogul Behind BTS Brings His Winning Formula To The US

Bloomberg’s Lucas Shaw and Sohee Kim join this episode to talk about Bang Si-Hyuk, South Korea’s enormously successful music mogul. The billionaire has built a K-pop empire with bands like BTS and New Jeans, and he’s now looking to expand on that model with a new, global act based in the US. Read more: The K-Pop Mogul Behind BTS Is Building the Next BTS Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
18/10/2323m 23s

Israel Braces For A High Risk, High Cost Fight In Gaza

Bloomberg’s Israel bureau chief Ethan Bronner joins this episode from Tel Aviv to talk about Israel’s expected ground invasion of Gaza, and the intense diplomatic efforts by the US and other nations to avert a broader conflict in the Middle East. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
17/10/2324m 51s

That Pink Medicine Your Kid Loves Is In Short Supply

Bloomberg’s Ike Swetlitz and Riley Griffin join this episode to discuss what’s driving the shortage of generic drugs in the US, including amoxicillin, and what can be done to restore supplies. Read more: A Key American Plant Making Antibiotics for Kids Risks Shutting Down Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
13/10/2326m 43s

Poland’s Divisive Election Has Europe’s Full Attention

Bloomberg’s Piotr Skolimowski and Andrea Dudik join this episode to discuss why Poland’s parliamentary elections will determine the nation’s social and political standing in Western Europe. Read more: Europe at War Can’t Ignore Poland’s Bitter Election Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
12/10/2320m 15s

Can Bob Iger Save Disney, Again?

Bob Iger, The Walt Disney Company’s hugely successful CEO, came out of retirement last November and once again took the helm of the entertainment giant. But the company, and the industry, are facing tough new challenges. Bloomberg’s Thomas Buckley joins this episode to talk about Iger’s efforts to put Disney on solid footing for the future. Read more: Has Bob Iger Lost the Magic? Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
11/10/2326m 12s

The US Government vs. Google and Amazon

The US Justice Department’s case against Google and the case against Amazon brought by the Federal Trade Commission are considered two of the most consequential antitrust actions of the modern online era. What’s at stake for the companies–and consumers–when it comes to how we search online and what we buy? Bloomberg’s Leah Nylen is covering these cases. She joins this episode to explain the government’s argument that the companies are stifling competition–and what Google and Amazon have to say about it. Read more: Microsoft Considered Investing Billions in Apple Deal to Compete With Google Search Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
10/10/2324m 3s

The Devastating Hamas Attack Unites A Divided Israel

Bloomberg’s Rosalind Mathieson joins this episode to discuss the attack on Israel by Hamas, Israel’s swift military response—and concerns about the possibility of an escalating conflict across the region. Read more: A Fractured Israel Unites Around a Singular Goal: Crush the Enemy Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
09/10/2320m 2s

Public Schools Brace For The End Of Pandemic Aid

Public schools across the US are getting ready for a financial blow next year, when $190 billion in federal pandemic aid runs out. Bloomberg’s Shruti Singh and Nic Querolo join this episode to discuss the challenges facing school districts, including teacher burnout. And Charles Ebea, a school counselor in the Bronx, New York, shares his perspective. Read more: Pandemic Aid for Public Schools Is Running Out. That’s Leaving Districts Under Pressure Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
06/10/2325m 54s

Everyone's Hoping For A Soft Landing. A Recession Is More Likely

Bloomberg’s Chief U.S. Economist Anna Wong joins this episode to make the case for why a recession is still more likely than not.  Read more: Why a US Recession Is Still Likely — and Coming Soon Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
05/10/2320m 17s

Can AI Beat The Market? Do We Want It To?

Today on The Big Take, Bloomberg’s Justina Lee and Sam Potter take us inside how artificial intelligence is changing the way financial firms and other market players make decisions about what to buy and sell. Can AI beat the market? Do we want it to? We also hear from Renee Yao, the founder of an investment firm that’s all in on AI.  Read more: Can AI Beat the Market? Wall Street Is Desperate to Try Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
04/10/2327m 21s

One Reason Buying A House Can Be So Hard

The US established Federal Home Loan Banks almost a century ago to make it easier for people to buy a home. Although these institutions have billions of dollars to lend, many people are still struggling to get approved for a mortgage. Bloomberg’s Heather Perlberg and Noah Buhayar join this episode to talk about why that is—and what’s being done to fix it.  Read more: Flawed US Home-Loan System Neglects the Buyers Who Need It Most Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
04/10/2324m 32s

A New Smartphone From China Has Washington On Edge

Bloomberg’s Peter Elstrom and Mackenzie Hawkins join this episode to explain why the microchip inside Huawei’s new Mate 60 Pro phone is alarming the US government.  Read more: Huawei Takes Revenge as China Catches Up on Semiconductors Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
03/10/2322m 3s

Despite Recession Fears, Small Businesses Keep Opening. Can They Survive?

Even with a looming recession, high interest rates and a tight labor market, small businesses have been opening at record rates over the last few years, surpassing pre-pandemic levels. They’ve also been the primary driver of job creation in the US. Bloomberg reporter Enda Curran dug into why small businesses are having a moment—and the challenges owners are facing in this uncertain economy. Plus, meet the owners of a bakery and a microbrewery who discuss how they’ve been keeping their businesses afloat. Read more: The Pandemic Small-Business Boom Is Fueling the US Economy Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
02/10/2323m 14s

Shutdown Averted, McCarthy In The Hot Seat

The US narrowly averted a disruptive and costly shutdown of federal agencies as Congress passed compromise legislation to keep the government running until November 17th. House Speaker Kevin McCarthy’s embrace of the bipartisan deal has triggered a mutiny by far-right Republicans to depose him from his role. Bloomberg Washington Correspondent Joe Mathieu is joined by Bloomberg's Jack Fitzpatrick and Laura Davison to discuss the road ahead. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
01/10/2319m 45s

Police Are Tracking Down Suspects With Google User Data

Google is able to collect a lot of information about the people who use its products on their phones, including where they are at any given time. A growing number of police departments across the US are seeking to obtain this data from Google to help solve crimes. Bloomberg’s Davey Alba and Julia Love join this episode to weigh the pros and cons of using location data in law enforcement, and the privacy concerns it raises. And Travis Staab, a police detective in Arizona, shares how he and his colleagues have used the information to track down suspects. Read more: Google User Data Has Become a Favorite Police Shortcut Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
29/09/2330m 4s

Megapaca Is Making Millions Off The Clothes You Toss Away

Guatemala-based Megapaca is the number one importer of used clothing from the United States. The company has seen massive success in secondhand retail in Latin America, and now they have their sights set on expanding to the US.Bloomberg’s Adam Minter walks us through this complex, data-driven operation. And Megapaca's back-office manager Jose Rivera talks about the company’s ethos and its goal to become the leading seller of used clothing in the world. Read more: The Massive Guatemalan Operation That Wants to Sell Americans Their Old Clothes Back Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
28/09/2320m 50s

This Cryptocurrency Wants To Scan Your Eyeball

Bloomberg’s Hannah Miller is back today to explain why Sam Altman’s Worldcoin is collecting iris scans in exchange for crypto tokens. Read more: Worldcoin’s Eyeball-Scanning Crypto Dream Is Under Threat Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
27/09/2320m 4s

US Companies Pledged To Improve Workplace Diversity. And They Have

After the murder of George Floyd and subsequent protests in 2020, corporate America made bold promises to address racial disparities in the workplace. And they delivered. Bloomberg’s Jeff Green and Rebecca Greenfield join this episode to dig into the data about US companies’ DEI efforts. Read more: Corporate America Promised to Hire a Lot More People of Color.It Actually Did. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
25/09/2325m 27s

NYC Tries Supervised Release Instead Of Jail. Other Cities Are Watching

Hundreds of thousands of people charged with crimes in the US each year are incarcerated while they await trial. Often it’s because they can’t afford to pay bail. New York City’s pretrial supervised release program aims to change that. A judge can opt to release some defendants under the supervision of a caseworker, who monitors their progress as they await their day in court. Bloomberg’s Fola Akinnibi and Sarah Holder join this episode to talk about how the program works, the fraught politics around it–and why it may become a blueprint for other cities and states. Read more: America Is the World Leader in Locking People Up. One City Found a Fix Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
25/09/2320m 57s

Big Take News Wrap: UN General Assembly. US-Iran Prisoner Swap. UAW Strike

Catch up on some of the week’s biggest stories from the US and across the globe. Bloomberg’s Rosalind Mathieson, Mario Parker and Ben Sills join this episode to talk about the major issues on the table at the United Nations meeting in New York; the Biden administration’s push for a deal between Israel and Saudi Arabia; and the ongoing US auto workers strike.  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
22/09/2322m 44s

Geopolitics Is Shaking Up Economic Alliances

Bloomberg’s Shawn Donnan and Maeva Cousin join this episode to explain how rising political tensions around the world are leading to a re-ordering of trade and commerce into rival economic blocs. Read more: The Global Economy Enters an Era of Upheaval Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
21/09/2329m 43s

Here's How Workers Describe Dollar General. Brace Yourself

The Dollar General retail chain has 19,000-plus locations, more than Walmart and Wendy’s combined. Its business model is to open in towns too small to support bigger retailers, sell necessities at low prices and keep staff to a minimum, sometimes as few as one or two people per shift. This bare bones approach has led to profits but also numerous OSHA citations and millions of dollars in proposed fines against the company since 2017.  Bloomberg reporters Josh Eidelson and Brendan Case join this episode to talk about their reporting on Dollar General, what current and former employees say about what it’s like to work there–and how the company has responded.  Read more: Why Dollar General Might Just Be the Worst Retail Job in America Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
20/09/2324m 31s

It’s Tough Being A Blue City In A Red State

Bloomberg Businessweek national political correspondent Joshua Green joins this episode to describe a political phenomenon that’s emerging in parts of the US: red states encroaching on blue cities. In Nashville, Austin and elsewhere, Republican legislatures have successfully used supermajorities to block liberal reforms and enact conservative policies. Read more: The Hostile Takeover of Blue Cities by Red States Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
19/09/2325m 4s

What Do Striking US Auto Workers Want?

On Friday, US auto workers started an unprecedented strike against all three of the legacy Detroit carmakers. If the standoff isn’t resolved quickly, it could ripple through the US economy.  Bloomberg’s Detroit Bureau Chief David Welch joins this episode to talk about what the union is demanding–and whether the companies will give them what they want.Read more: How Auto Executives Misread the UAW and Ignited a Historic Strike Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
18/09/2320m 21s

India Flexes Its Growing Global Power

There were many global issues on the table at the G-20 summit in New Delhi. But arguably the real center of attention at the India meeting was India itself–and the ambitious agenda of Prime Minister Narendra Modi. Bloomberg’s Sudhi Ranjan Sen and Daniel Ten Kate join this episode to discuss what came out of the gathering of leaders—and how India is asserting itself on the world stage. Read more: India’s Moment Has Arrived, and Modi Wants a New Global Order Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
15/09/2320m 54s

Low Pay, Long Hours, Rude Customers. Retail Workers Have Had It

Retail work has always been hard – long hours and weekend shifts on your feet, a lower pay scale and dealing with disgruntled customers. But in our post-pandemic economy, those issues have only been amplified with shoppers behaving badly and wages not keeping up with inflation, while employees take on ever-expanding roles. As a result, many workers are deciding the job just isn’t worth it. Bloomberg’s Devin Leonard and Rebecca Greenfield explain the decline of retail workers’ sense of value and respect that is leading them to quit in droves. And retail reporter Olivia Rockeman talks about the broader challenges facing brick and mortar stores as they try to compete with growing online sales. Read more: US Retail Workers Are Fed Up and Quitting at Record Rates Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
14/09/2325m 10s

Carbon Capture’s Make Or Break Moment

Since the 1970s, carbon capture and storage (CSS) has been held up as one potential tool to help combat global warming. The idea is to capture carbon dioxide released in the production of fossil fuels like coal, oil and natural gas, and store it deep underground–instead of letting it escape into the atmosphere. But despite billions of dollars spent, the technology hasn’t quite lived up to expectations. Bloomberg’s Stephen Stapczynski and David Stringer report that now is the make or break time for carbon capture to prove its worth, and they join this episode to talk about whether it’s up to the challenge of slowing climate change. Read more: Big Oil’s Climate Fix Is Running Out of Time to Prove Itself Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
13/09/2326m 24s

‘Made In Mexico’ Is The New ‘Made In China’

For decades, companies looking to lower costs have resorted to offshoring—moving their manufacturing to China and other nations in Asia. But US-China tensions and a desire to simplify long, complex supply chains are now leading a growing number of businesses that serve US customers to do the reverse—“nearshoring.”  They’re relocating some or all of their operations to Mexico. Bloomberg’s Maya Averbuch and Leda Alvim join this episode to talk about Mexico’s manufacturing boom in everything from electric vehicles to baked goods—and why it’s a critical moment for the country’s economy. Read more: Mexico’s Moment: The Biggest US Trading Partner Is No Longer China Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
12/09/2327m 25s

Companies Are Pressing Return-To-Office. Workers Want To Stay Remote.

By now, most people across the globe have returned to pre-pandemic routines like traveling and going to the movies. But when it comes to where they work, many remote employees want to leave their offices in the past. Bloomberg’s Matthew Boyle joins this episode to discuss companies’ ongoing battle to lure employees back to in-person work, and where the return-to-office movement has gained the most traction around the world. Read more: Return-to-Office Is a $1.3 Trillion Problem Few Have Figured Out Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
11/09/2322m 47s

A Street Drug From Syria Is Alarming The US And Europe

A cheap, illegal amphetamine called captagon is raising alarm around the globe after circulating for years in the Middle East. The US and its allies say much of the world’s supply of captagon is made in Syria–and that the government of President Bashar Al-Assad is using captagon sales abroad to cushion the financial blow of Western sanctions on Syria. Bloomberg’s Sam Dagher and Samy Adghirni join this episode to describe captagon’s rise from 1960s German pharmaceutical to pervasive street drug, and why European officials are so concerned about a possible influx within their borders. Caroline Rose, Director of the Captagon Trade Project at the New Lines Institute explains how the US is responding to the spread of captagon. Read more: ‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to Proliferate Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
08/09/2328m 28s

Abandoned Electric Cars ‘As Far As The Eye Can See’

Growing sales of electric vehicles around the world have also come with growing pains. In China, outdated models no one wants pile up in vast EV graveyards. In Norway, tax breaks for electric car buyers have been so successful that the government faces a revenue shortfall. Bloomberg’s Linda Lew and Businessweek contributor Willem Marx join this episode to talk about the upsides—and downsides—of the EV boom. And Oslo city councilman Eivind Trædal explains why electric cars can sometimes make the problem of traffic-clogged streets even worse. Read more: China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
07/09/2326m 50s

Want To Leave Apple For Android? Good Luck

The Apple “ecosystem” has tremendous appeal – sleek design, genius marketing and a myriad of products and services that are seamlessly compatible. This makes users feel at ease within its closed circuit. Unless they want to try something else.Bloomberg reporter Austin Carr decided to scale Apple’s walled garden to see if the grass was greener in the Android and Windows world. But his attempts to transfer his photos, messages and contacts to his new devices turned into a maddening, months-long saga. In this episode Austin details his experience– and explains why Apple put up those walls in the first place. Read more: iQuit: My Hellish Attempt to Leave Apple’s Walled Garden Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
06/09/2327m 15s

The Women Astronauts Who Shattered The Highest Glass Ceiling

In 1978, NASA opened its astronaut training program to women. Bloomberg space reporter Loren Grush recounts their challenges and achievements in her new book The Six: The Untold Story of America’s First Women Astronauts. She joins this episode to talk about the extraordinary careers of Sally Ride, Judy Resnik, Anna Fisher, Kathy Sullivan, Shannon Lucid and Rhea Seddon—and the mark each astronaut left on the history and future of space exploration. Read more: How NASA Chose Its First Woman In Space Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
05/09/2327m 55s

TEAM FAVORITE: Dust Off Your Dice–Dungeons & Dragons Is Back

We're taking a break for the Labor Day Holiday in the US, so here's a favorite you might have missed. We'll be back at it tomorrow with a new episode.The tabletop roleplaying game Dungeons & Dragons is approaching its 50th anniversary and it has never been more popular, attracting players of all ages to its analog charms. Now Hasbro, the toy company that owns it, is betting D&D can be brought into the digital age and become a big moneymaker. Bloomberg correspondent Felix Gillette joins this episode to talk about why Dungeons & Dragons is having a cultural — and economic — moment, and why it might not be so easy to persuade diehard fans to pay for a digital experience. Also, gaming retail store owner Lauren Bilanko shares what it’s like to run a business that caters to the D&D crowd. Read more here: Dungeons & Dragons’ Epic Quest to Finally Make Money Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode originally aired in April 2023.See omnystudio.com/listener for privacy information.
04/09/2330m 19s

TEAM FAVORITE: India Weighs An Historic Expansion of Marriage Rights

We're taking a pause this week to recharge our batteries. Here's one we love that you might have missed. We'll be back with fresh episodes next week.Earlier this year, India’s Supreme Court heard arguments on whether to legalize same-sex marriage. A verdict is expected in the fall. Bloomberg reporters Muneeza Naqvi and Kai Schultz join this episode from New Delhi to explain India’s rapid march toward affirming rights for LGBTQ people, and how a ruling in favor of same-sex marriage would be felt not just within the country but across Asia and beyond.  Then, Gurchaten Sandhu, program director at the International Lesbian, Gay, Bisexual, Trans and Intersex Association in Geneva takes a step back to talk about which countries have advanced marriage equality and where it is still outlawed. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode originally aired in March 2023.See omnystudio.com/listener for privacy information.
01/09/2325m 27s

TEAM FAVORITE: A Gun That Knows Who’s Pulling The Trigger

We're taking a pause this week, so here's a favorite episode you might have missed. We'll be back next week with some fresh episodes. For decades, inventors have tried and failed to make a smart gun. A company called Biofire now appears to have pulled it off. It uses both fingerprint scans and facial recognition so that only a registered user can fire it.But will anyone buy it? Will this technology become yet another point of contention between pro and anti-gun groups? Firearms advocates have long been skeptical of biometric weapons but they’ve also never run across one that actually worked. Bloomberg reporter Ashlee Vance joins this episode to talk about Biofire’s new smart gun, how it works, and what it’s like to use. We also hear from Biofire’s 26-year-old CEO Kai Kloepfer, who started working on the gun after the mass shooting in his home state of Colorado, when he was 15-years-old. Read the story: https://bloom.bg/43DMVBH  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net. This episode originally aired in April 2023.See omnystudio.com/listener for privacy information.
31/08/2328m 40s

TEAM FAVORITE: Summer Heat Is Straining The US Power Grid. Winter Cold Could Be Worse.

We're taking a break this week, so here's a favorite you might have missed. We'll be back with fresh episodes next week. Record temperatures in Texas and across the southern US this summer put immense strain on the electric grid, as residents battled the heat by cranking up the AC. But experts say grid pressure could get even worse this winter. Bloomberg’s Naureen Malik joins this episode to discuss whether America’s infrastructure can support an increasingly electrified economy—and what can be done to avoid mass blackouts in the coming months. Read more: America’s Biggest Power Source Wasn’t Built for Extreme Weather Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode originally aired in June 2023.See omnystudio.com/listener for privacy information.
30/08/2328m 42s

TEAM FAVORITE: Chatbots And Deepfakes Are Coming For Your Election Cycle

We're taking a pause this week, so here's a favorite episode you might have missed. Thanks for listening. We'll be back with new episodes next week. As the saying goes: a lie gets halfway around the world before the truth has a chance to put its pants on. As AI is increasing productivity across industries, it’s also raising concern about how to regulate its output and keep it from putting many of us out of work. And as the next campaign season approaches, another question comes into focus: What about its potential to quickly create and spread misinformation about political rivals? Bloomberg’s Laura Davison and Emily Birnbaum raise the curtain on the little regulated and largely vexing ability to disseminate political hay and deepfakes via a chatbot. Read more: AI Is Making Politics Easier, Cheaper and More Dangerous Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode originally aired in July 2023.See omnystudio.com/listener for privacy information.
29/08/2323m 30s

TEAM FAVORITE: How A Satellite Hack Became a Cybersecurity Wakeup Call

We're taking a break this week, so here's a favorite episode you might have missed. Thanks so much for listening. We'll be back with new episodes next week. People around the world rely on satellites for their internet connections, credit card transactions–and even to keep track of time. Last year, a suspected Russian-led satellite hack exposed how vulnerable they are to security breaches, from individual hackers seeking to pilfer information for profit and governments looking to weaken their adversaries. Bloomberg reporter Katrina Manson joins this episode to discuss the fallout of the hack, and what companies and governments are doing to harden their systems against future attacks. Plus, James Pavur, a hacker and Pentagon cybersecurity expert, walks us through how satellites are compromised, and what we can do to keep our own data from being stolen.  Read more here: The Satellite Hack Everyone Is Finally Talking About. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net. This episode originally aired in March 2023.See omnystudio.com/listener for privacy information.
28/08/2332m 35s

Xi Jinping’s Economic Plan: Let China Struggle

China’s economic slowdown is catching the attention of countries around the world as they brace for a possible hit to their own economies. Bloomberg’s Rebecca Choong Wilkins and Tom Hancock discuss why President Xi Jinping is avoiding a big stimulus package and instead allowing China’s economy to run “cold”—and how long it may take to turn things around. Read more: Run It Cold: Why Xi Jinping Is Letting China’s Economy Flail Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
25/08/2328m 27s

Why Is The US Dependent On Russian Uranium?

About half of the enriched uranium that nations around the world use for nuclear power comes from Russia. It supplies almost a quarter of America’s 92 nuclear reactors and dozens of other plants across Europe and Asia. The US is now trying to change that with a big push to build up its own capabilities. Bloomberg’s Jonathan Tirone and Will Wade join this episode to talk about what it will take for the US and its allies to free themselves from Russian uranium. Read more: The Manhattan Project to Wean the World Off Russian Uranium Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineer: Gilda Garcia.See omnystudio.com/listener for privacy information.
24/08/2324m 13s

Chris Christie's Anti-Trump Strategy: Act Like Trump

Donald Trump says he’ll be a no-show tonight at the first Republican debate of the 2024 US presidential campaign. Still, at least one of his rivals for the party nomination is expected to take square aim at the former president: Chris Christie. The former New Jersey governor who once supported Trump is now his loudest Republican critic. So far, his low ranking in the polls suggests that attacking the most popular man in the party is not the way to win over Republican voters. But does Christie really have his eye on the White House, or does he just hope to stop Trump from moving back in?Bloomberg Businessweek national correspondent Joshua Green has been following Christie on the campaign trail, and he joins this episode to answer the question on the minds of Republicans across the country: What does Chris Christie really want?  Read more: Chris Christie Is Absolutely, Totally 100% Anti-Trump. For Now Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero. Sound Design/Engineer: Gilda Garcia.See omnystudio.com/listener for privacy information.
23/08/2326m 23s

The Latest AI Scams Look And Sound Just Like You

By now we’re familiar with the many ways hackers and scammers try to fool us into handing over our personal data–and our money. But the thieves keep getting more sophisticated. And now they have a powerful new tool at their disposal: artificial intelligence, which can mimic websites, financial documents and even our faces and voices. In this episode, Bloomberg’s Nabila Ahmed and Adam Haigh talk about the new wave of financial fraud that’s taking shape–and how banks and governments are racing to keep up. Read more: Deepfake Imposter Scams Are Driving a New Wave of Fraud Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
22/08/2321m 24s

Massive Wind Turbines Are Rising From The Atlantic Ocean

America’s first major offshore wind farm in the Atlantic Ocean is now under construction 15 miles south of Nantucket, off the coast of Massachusetts. Once complete, the 800-megawatt project is expected to generate enough electricity to power 400,000 homes. But with inflation and rising interest rates stifling progress on some other wind projects, will the Biden administration reach its 2030 goal of generating 30 gigawatts of power from offshore turbines? Bloomberg’s Will Wade went out to see the Massachusetts project, and he joins this episode to explain the promise–and the problems–of erecting wind power on such a large scale. And Nick Schulz, a commercial diver working on the project, describes what it's like to build a massive turbine installation in deep water. Read more: Atlantic’s Biggest Offshore Wind Turbine to Rise Next Week in US Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
21/08/2326m 28s

Are Tensions Easing Between The US And Iran?

The US and Iran recently announced a surprise agreement: Both nations will release prisoners, and the US will unfreeze billions of dollars in Iranian oil revenue. Bloomberg’s Courtney McBride joins this episode to discuss what we know about the terms of the deal, and what it suggests about the possibility of renewed negotiations over Iran’s nuclear program. Plus, Ali Vaez, Iran Project Director at the International Crisis Group, weighs in on what’s ahead for the Iran-US relationship. Read more: Iran Transfers US Citizens From Prison in Step Toward Deal Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
18/08/2324m 51s

What’s Behind Washington’s Sudden Fascination With UAPs?

The recent congressional hearing on unidentified aerial phenomenon–also known as UAPs– gave a high-profile platform to what we used to call UFOs. But why now–and was this a substantive government inquiry or a summertime Washington diversion?  Bloomberg’s Roxana Tiron and Megan Scully join this episode to make sense of the hearing and claims that UAPs may pose a threat to national security. And astronomer Seth Shostak gives his view of theories that some UAPs may be alien spacecraft. Read more: Close Encounters With UFOs Described to Congressional Committee  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
17/08/2328m 41s

Trump Faces A Powerful Anti-Corruption Law In Georgia

Donald Trump was indicted on Monday for the fourth time since he left office. But this sweeping case, which zeroes in on Trump’s efforts to overturn the 2020 election in Georgia, is different from the other criminal cases brought against him in New York, Florida and Washington, DC. Most notably: the former president has been charged under racketeering laws often associated with efforts to prosecute mobsters. And some of Trump’s closest aides are also charged in the 41-count indictment, including his former lawyer Rudy Giuliani and former White House chief of staff Mark Meadows, along with 16 other people.Bloomberg’s Zoe Tillman and Erik Larson join this episode to talk about how the case will unfold from here–and why Trump will have a harder time securing a pardon–or avoiding prison–if he’s convicted. Read more: Trump’s Fourth Indictment: Five Ways Georgia Is Different Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
16/08/2327m 55s

Avoiding War With China Is The Top Issue In Taiwan's Election

Taiwan’s current Vice President, ​​Lai Ching-te, leads the polls in the upcoming January presidential election. The winner will have a lot to contend with–and at the top of the list is how to keep the peace with China amid rising tensions. Bloomberg Businessweek editor Joel Weber sat down with Vice President Lai for several wide-ranging interviews in Taiwan.  Joel and Taipei deputy bureau chief Cindy Wang join this episode to talk about the challenges the next president will face in preserving a democratic Taiwan, and public concerns about the possibility of military conflict with China.  Read more: Taiwan’s Election Is All About War Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
14/08/2335m 24s

Worrying About Money Is A Great Equalizer In America

You might think America’s top 10 percent would consider themselves rich – but a new Bloomberg survey finds that many of them don’t feel that way. Bloomberg’s Craig Giammona and Claire Ballentine join this episode to share what they learned when they asked people across the country a simple but not-so-simple question: How rich or poor do you feel today?  Plus, Yale social psychologist Michael Kraus discusses how perceptions of wealth shape our well-being, sense of self and relationship to others. Read more: Miami to Austin, Where Your Paycheck Would Go Further Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
14/08/2325m 6s

Big Take News Wrap: 2024. Drones In The Black Sea. A Bumpy Global Economy

Catch up on some of the week’s biggest stories from the US and across the globe. Bloomberg’s Marc Champion, Courtney McBride and Jordan Fabian join this episode to discuss the latest on the US presidential race and the coming Republican debates; rising tensions in the Black Sea; and the uneven global economic recovery. Plus, the stories they’ll be keeping a close eye on in the weeks ahead. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
11/08/2328m 6s

A New Housing Development With A Firm Rule: No Cars Allowed

Real estate planners often think about how to reduce a project’s carbon footprint. A new apartment complex under construction in Arizona is taking that idea one step further. Culdesac Tempe is designed to be entirely car-free. And not just for the good of the climate but as a lifestyle choice for people who want to get rid of the hassle and expense of a car-centric existence. But will large numbers of people really choose to ditch their cars altogether? Bloomberg’s Ira Boudway went to Arizona to find out. Read more: This Development Wants Residents to Ditch Their Cars. In Phoenix. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
10/08/2326m 23s

Tesla Owners Love Their Cars. They're Not That Into Elon Musk

When Tesla built the Model 3 — the first electric car for the masses — it was a breakthrough for the company and the start of a new chapter for the auto industry. A lot has changed since then, so Bloomberg rebooted a survey of 5,000 owners to ask how things held up. This time, their answers had a lot to do with the man behind the cars. Bloomberg’s Tom Randall shares some key takeaways from this new survey. Read more: Tesla Owners Have Soured on Elon Musk, But Still Love Their Model 3s Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
09/08/2327m 37s

The US Lures Top Companies From Allies With 'Made In The USA' Push

The Inflation Reduction Act has given the US an edge in future manufacturing, with billions of dollars in incentives to lure battery plants and chip makers to the US. But it’s also led to tension with close allies that can’t match the amounts the US is offering companies. Bloomberg’s Brian Platt, Gabrielle Coppola and Enda Curran join this episode to talk about how this competition—and the race to keep up with China—is reshaping the global green economy. Read more: Subsidy Wars Heat Up With US Allies Forced to Pay Up or Lose Out Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
08/08/2324m 38s

In Hollywood, Fears of AI Scripts Performed By AI Actors

Three months into the writers’ and actors’ strike, the role of artificial intelligence in Hollywood has emerged as a central issue in the dispute between studios and creatives. Bloomberg’s Lucas Shaw joins this episode to discuss how studios are already using AI—and why writers and actors are so concerned about what it means for their livelihoods. Read more: AI in Hollywood Has Gone From Contract Sticking Point to Existential Crisis Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
07/08/2327m 29s

New Technology Is Here To Fight Climate Change. Will We Use It?

Despite global efforts to slow the effects of climate change, July was the hottest month on record in over 125,000 years. The good news is, powerful new technology not available just a few years ago can help turn things around, if we get serious about taking action. Bloomberg’s Eric Roston, Zahra Hirji and John Ainger join this episode to discuss what it will take—and how much it will cost—to stop the warming of the world. Read more: An Overheating Planet Requires Extreme Climate Solutions Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
04/08/2327m 4s

Trump’s Back In Court On New Criminal Charges. Now What?

Donald Trump is expected to appear today in federal court in Washington, DC, where he faces criminal conspiracy charges that allege he interfered with the 2020 presidential election. It’s the third criminal case against the former president. Bloomberg’s Sara Forden and Zoe Tillman discuss what they’ll be watching for in the courtroom, as well as how Trump’s legal peril will shape his campaign in the weeks and months ahead. Read more: Trump Prepares for First Court Date in DC on New Federal Charges Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
03/08/2330m 8s

Kevin McCarthy Gave Right Wing Members More Power. They're Using It

In early January, after a grueling 15 rounds of voting, House Speaker Kevin McCarthy negotiated some concessions with members of the far-right Freedom Caucus – more congressional power in exchange for their votes – to secure his speakership. McCarthy is now feeling the squeeze of their influence in several battles consuming the House. Bloomberg’s Megan Scully and Billy House join guest host Craig Gordon for a play-by-play of how the Freedom Caucus is exerting their brawn.Read more: McCarthy Ramps Up Talk of Potential Biden Impeachment Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
02/08/2325m 7s

A ‘Great Reset’ Is Shifting How The World Trades

In what’s being hailed as a ‘Great Reset,' how the world does business looks very different now than it did before Covid. Bloomberg Markets magazine sent reporters all around the globe to see what the new order of global trade looks like on the ground. Bloomberg’s Brendan Murray, Malcolm Scott and Jenny Leonard join guest host Rosalind Mathieson to discuss what they found. Read more: War, AI and Climate Change Shake Up $32 Trillion in Global Trade Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
01/08/2328m 57s

The EU Is Leading The Charge On AI Regulation

The European Union became one of the first in the world to take wide-reaching action to regulate artificial intelligence when it passed a draft law in June. The proposal would put new guardrails around the use and development of artificial intelligence, including curbing the use of facial recognition software and increasing ChatGPT’s transparency. Bloomberg’s Jillian Deutsch joins guest host Rosalind Mathieson to talk about how the EU pulled ahead in the race to regulate AI, and why concerns are growing about AI being overregulated. Columbia Law School Professor Anu Bradford discusses what the global effect will be if this far-reaching regulatory framework is enacted into law. Read more: Big Tech Wants AI Regulation — So Long as Users Bear the Brunt Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
31/07/2327m 13s

Biden Still Wants To Tackle Student Debt After The Supreme Court's Ruling

The Biden administration is preparing a new plan to cancel debt for some student loan borrowers, after the Supreme Court struck down its original attempt last month. Guest host Nancy Cook sits down with Democratic Senator Elizabeth Warren to ask how she’s advocating for the Biden administration’s plan B for student loan debt and why the issue has become such a hot button topic in Washington. Bloomberg’s Akayla Gardner forecasts what’s next as the political fight over student debt rages on. Read more: Biden Administration to Forgive $39 Billion in Student Debt Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero. Sound Design/Engineer: Raphael Amsili.See omnystudio.com/listener for privacy information.
28/07/2322m 44s

Giorgia Meloni Faces Big Tests On China, Russia And The EU Economy

Italian Prime Minister Giorgia Meloni came to power with a string of superlatives. She’s the country’s first female prime minister, and she’s brought in the most right-wing government in decades. Now, nine months into her term, she faces a series of tests: on China, the war in Ukraine and a looming EU recession. Bloomberg’s Chiara Albanese and Alessandra Migliaccio join guest host Rosalind Mathieson to talk about Meloni’s rise to power and where she plans to take Italy next. Read more: Giorgia Meloni Seeks to Cement Power by Remaking Corporate Italy Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
27/07/2327m 25s

There’s A Lot You Don’t Know About The US Space Force

The US Space Force, established in 2019, is the first new branch of the military to be created since 1947, and its mission is vast: defend US interests in space. But what exactly is the Space Force? And what does defending US interests in space mean or look like practically? As the nearly $900 billion defense spending bill winds its way through Congress, Wes went to the Pentagon to sit down with General David Thompson, the Vice Chief of Space Operations to learn what US interests in space are, and how the branch is developing. Bloomberg cybersecurity reporter Katrina Manson joins later to describe her visit to Space Command in Colorado and the importance of the US keeping a watch on its adversaries in zero gravity. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
26/07/2338m 19s

US-Made Guns Are Fueling Global Shootings

American-made guns are pouring into countries all over the globe, even more so after the US made it easier to export guns in 2020. Even as America’s mass shootings horrify the world and gun-crime rates rise in many of the importing countries, the US government is playing a key role as the firearm industry’s booster and concierge. Bloomberg’s Michael Riley, David Kocieniewski and Patpicha Tanakasempipat join this episode to talk about one gunmaker, Sig Sauer. It has benefited the most from the push for more gun exports and has found a large customer base in Thailand. Read more: How the US Drives Gun Exports and Fuels Violence Around the World  Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net. Everytown for Gun Safety, which advocates gun-safety measures, is backed by Michael Bloomberg, founder and majority owner of Bloomberg News parent Bloomberg LP.See omnystudio.com/listener for privacy information.
25/07/2333m 56s

Rhino Horn Poachers Are Forcing Rangers To Innovate

For years, park rangers in South Africa have tried to stop poachers who kill rhinos for their valuable horns. But it’s impossible to keep up–and rhinoceros populations have continued to fall. Bloomberg Businessweek contributor Jonathan Franklin reports that now, the rangers are taking a creative new approach to outmaneuver the poachers—and protect the animals. Read more: A Rhino Is Worth More Dead Than Alive Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
24/07/2323m 25s

Big Take News Wrap: Biden. Trump. Ukraine. China

We’re trying something new today. Instead of bringing you just one important story, we’re rounding up some of the week’s biggest news from the US and across the globe. Bloomberg’s Nancy Cook, Craig Gordon and Rosalind Mathieson join this episode to discuss the latest from the 2024 campaign trail, the war in Ukraine and the high stakes talks between the US and China. Plus, they tell us what stories they’ll be keeping a close eye on in the weeks ahead. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
21/07/2329m 59s

Have We Hit Peak Social Media?

Meta’s new Twitter-like social media platform called Threads is signing up users at a record pace. But will it last–and will it be a “Twitter killer”? Bloomberg Businessweek writer Max Chafkin is…skeptical. He says that after years of explosive growth, social media platforms like Twitter, Facebook and Instagram are facing big challenges. Many longtime users are spending less time each day scrolling through their feeds. Max joins this episode to talk about why people are putting down their phones and choosing to spend more time IRL. Read more: Threads, Twitter and the No-Attention Economy Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
20/07/2332m 17s

Millions Of Americans Still Don’t Have Broadband. That’s About To Change

Seven percent of US households and businesses lack basic broadband internet. The Biden administration plans to remedy that with $42 billion in federal broadband infrastructure grants that will be split up among the fifty states and US territories. Bloomberg telecommunications reporter Todd Shields joins this episode to discuss how local governments will spend this money, and what it will take to bridge the so-called digital divide. And Christine Hallquist, executive director of the Vermont Community Broadband Board, describes the challenges of bringing broadband to rural America. Read more: Biden Touts Billions for Broadband in Economic Pitch to Voters Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK See omnystudio.com/listener for privacy information.
19/07/2328m 5s

‘Battery Belt’ Factories Promise A Bright Future. Workers Need Convincing

The US Battery Belt, which stretches from Michigan to Georgia, has emerged as a regional hub for building electric vehicle batteries and other components critical to emerging technologies. But the push to bolster US manufacturing—soon to be flush with billions of dollars from Washington—is rubbing up against a shortage of skilled workers. Bloomberg reporters Mackenzie Hawkins and Reade Pickert join this episode to talk about Tennessee, a key Battery Belt state, where an education-focused plan is underway to recruit and train tomorrow’s workforce.  Read more: The US is Building Factories Again, But Who Will Work There? Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
18/07/2330m 6s

You Never Think About Your Car’s Catalytic Converter—Until Thieves Saw It Off

Catalytic converters are a vital part of emissions reduction in gas-powered vehicles. But that’s not why they’ve been making headlines. Thieves across the US have been sawing them off cars because they contain precious metals like platinum, palladium and rhodium. Bloomberg Businessweek contributor Evan Ratliff is here to tell the tale of a $500 million catalytic converter theft ring—and how local police departments and federal law enforcement brought it down. Read more: How Cops Cracked a $500 Million Catalytic Converter Crime Ring Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
17/07/2332m 30s

Everyone’s Making Money On The Women’s World Cup—Except The Women

The world can’t wait for the 2023 Women’s World Cup, which starts later this month. Ticket sales are on track to smash records, and viewership has grown significantly since its 1991 inception. But when it comes to equity between the men’s and women’s tournaments,  there’s still a long way to go. Bloomberg’s Jennah Haque joins this episode to talk about why the Women’s World Cup still lags behind the men’s tournament in pay, prize money and all-important  media rights–and what’s being done to close the gap. Read more: World Cup Turns Up the Pressure for TV to Embrace Women's Soccer Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
14/07/2321m 7s

Washington Is Knocking On Crypto’s Door

The epic crash and burn of Sam Bankman-Fried’s FTX crypto empire in November was huge global news. Eight months later, the crypto world is still feeling the after-shocks—with embarrassed celebrity endorsers, a scrubbed stadium logo and billions of dollars drained from the accounts of ordinary people. Bloomberg’s Hannah Miller and Allyson Versprille join this episode to talk about the next big challenge for crypto exchanges: Washington. Federal agencies are taking a hard look at new regulations to police cryptocurrencies and protect investors–and taking legal action against some of the industry’s biggest players. Read more: Crypto Gets Its Moment of Clarity, But Not the One It Wanted Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Rebecca Chaisson, Michael Falero and Federica Romaniello, Associate Producers: Sam Gebauer and Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili and Gilda Garcia.See omnystudio.com/listener for privacy information.
13/07/2329m 20s

Chatbots And Deepfakes Are Coming For Your Election Cycle

As the saying goes: a lie gets halfway around the world before the truth has a chance to put its pants on. As AI is increasing productivity across industries, it’s also raising concern about how to regulate its output and keep it from putting many of us out of work. And as the next campaign season approaches, another question comes into focus: what about its potential to quickly create and spread misinformation about political rivals? Bloomberg’s Laura Davison and Emily Birnbaum raise the curtain on the little regulated and largely vexing ability to disseminate political hay and deepfakes via a chatbot. Read more: AI Is Making Politics Easier, Cheaper and More Dangerous Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
12/07/2323m 16s

Kids Were Given Cough Syrup From India. Dozens Of Them Died

For decades, India has been a top player in global pharmaceuticals. But its drug regulatory system came under scrutiny after toxic chemicals were found in Indian-produced medicine that led to the deaths of scores of children in Gambia. Bloomberg reporter Zachary Mider and contributor Swati Gupta discuss their investigation into a pharmaceutical company and the ripple effects of its supply chain across the globe. Read more: Poisoned Cough Syrup Killed Kids. Authorities Cut the Investigation Short Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
11/07/2329m 18s

The Bumpy Road From Reagan-Thatcher To Johnson-Trump

What it means to be a conservative has changed dramatically in the decades since Ronald Reagan and Margaret Thatcher. Bloomberg Opinion’s Global Business Columnist Adrian Wooldridge argues not all of that change has been for the better. He joins this episode to talk about why he believes conservatism in the US and UK has lost sight of its roots—and what conservatives can do to find their way back. Read more: Conservatism Is In Crisis — But Can Be Rescued Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
10/07/2327m 13s

Mattel Bets Big On Barbie's Pink Carpet Debut

She’s been an astronaut, a scientist and the president of the United States. Now Barbie is a movie star. Bloomberg’s Kelly Gilblom joins this episode to talk about Mattel’s bet that the $100 million Barbie movie debuting July 21 — and the launch of the company’s entertainment division — will revive its biggest brand, reel in new fans and help it reclaim the No. 1 spot of global toymaker. Read more: Mattel's Risky Bet on a Feminist Barbie Movie Just Might Work Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK See omnystudio.com/listener for privacy information.
07/07/2331m 54s

An Expanding NATO Reinforces Itself Against Russia

This year’s NATO summit begins next week in Vilnius, Lithuania—and once again, the alliance’s response to the war in Ukraine is top of mind. Bloomberg’s Natalia Drozdiak and Niclas Rolander discuss this year’s agenda, including the implications of expanding NATO as Sweden’s membership bid hangs in the balance. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
06/07/2325m 16s

A Frustrated Middle Class Wants More Than Promises In 2024

The American middle class is feeling the squeeze: inflation, wages that haven’t kept up, higher interest rates and fluctuating markets are all adding up to a loss of collective wealth. Bloomberg’s Shawn Donnan and a team of journalists are following the economic lives of two dozen middle class families across the country as we head into the 2024 election. In this first installment we hear from four of them. What does it mean to be middle class in America today–and how will their shifting fortunes influence the way they vote? Read more: The US Middle Class's Economic Anxiety Will Decide the 2024 Election Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
05/07/2330m 42s

TEAM FAVORITE: Women's Pro Tackle Football Takes The Field

The Big Take team is taking a break for the Fourth of July holiday in the US, so we wanted to share this episode you might have missed. Back tomorrow!---Bloomberg Businessweek contributor Mary Pilon joins this episode to talk about the promise–and challenges–of building a fanbase for the Women’s Football Alliance, an all-female, full-contact league that has 60 teams in four divisions across 32 states. And we head to a nighttime practice of the DC Divas, to hear from the players and coaches about why they love the game and what it means for women to play tackle football. Read more: Women Tackle Football With a Full-Contact League of Their Own. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net. This episode was originally released May 15, 2023, and was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero Sound Design/Engineer: Gilda Garcia.See omnystudio.com/listener for privacy information.
04/07/2332m 42s

Summer Heat Is Straining The US Power Grid. Winter Cold Could Be Worse

Record temperatures in Texas and across the southern US are putting immense strain on the electric grid, as residents battle the heat by cranking up the AC. But experts say grid pressure could get even worse this winter. Bloomberg’s Naureen Malik joins this episode to discuss whether America’s infrastructure can support an increasingly electrified economy—and what can be done to avoid mass blackouts in the coming months. Read more: America’s Biggest Power Source Wasn’t Built for Extreme Weather Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
03/07/2328m 5s

The Supreme Court’s Power Is Growing. The Public’s Confidence Is Shrinking

The US Supreme Court is wrapping up yet another eventful term, with decisions in major cases that will have a lasting impact on Americans’ lives. Bloomberg’s Greg Stohr and Zoe Tillman join this episode to talk about how in recent years, the high court has become more willing to assert its power and enhance its role among the three branches of government. At the same time, ethics controversies and rising public perception that the justices are sometimes overtly political have lowered confidence in the court.   Read more: An Aggressive Supreme Court Reshapes the US as Its Standing Erodes Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.* This episode introduction was updated on Friday, 6/30 to reflect the two Supreme Court rulings out Friday morning.See omnystudio.com/listener for privacy information.
30/06/2325m 33s

It Started As A Huawei 5G Bid. It Became A Mole Hunt

In 2019, telecommunications companies were vying for a lucrative contract to upgrade Denmark’s cellular network to 5G. The competition came down to two finalists: The Swedish telecom Ericsson, and the Chinese technology giant Huawei. Then things got weird. Bloomberg Businessweek writers Jordan Robertson and Drake Bennett are back again with another captivating investigation–this one featuring eavesdropping, a drone and the frantic hunt for a suspected leaker. Read more: When a Huawei Bid Turned Into a Hunt for a Corporate Mole Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
29/06/2328m 36s

Germany Is Europe’s Economic Engine. It’s Starting To Sputter

For decades, Germany has been the driving force of Europe’s economy. But now, as it emerges from a winter recession, the nation’s resilience is showing signs of breaking down–and that could mean trouble for the rest of the continent. Bloomberg’s William Wilkes and Jana Randow join from Frankfurt to talk about why Germany has lost its economic edge–and what it will take to get it back. Read more: Europe’s Economic Engine Is Breaking Down Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili.See omnystudio.com/listener for privacy information.
28/06/2324m 29s

Bringing Government Services Into The 21st Century. One Text At A Time

Millions of Americans depend on public assistance programs to help pay for food and make ends meet. But it’s not always easy for them to manage the red tape required to keep those benefits coming. Bloomberg Businessweek contributor Bryce Covert joins this episode with the story of a nonprofit called Code For America. It works with states to make navigating government bureaucracies less of a hassle. And we also hear from Code For America’s Genevieve Miller. Read more: How Many People Does It Take for the Government to Send a Text? Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK See omnystudio.com/listener for privacy information.
27/06/2325m 10s

An Armed Uprising Punctures Putin’s Aura of Invincibility

Moscow is quiet again after an armed insurrection in Russia over the weekend ended as quickly as it began. But the uprising has left President Vladimir Putin weakened in the eyes of many Kremlin watchers, including US and European officials. Bloomberg’s Flavia Krause-Jackson joins this episode to talk about what this unprecedented threat to Putin’s authority means for his hold on power. And how turmoil inside the Kremlin and at the top of the military could further complicate Russia’s war in Ukraine. Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
26/06/2321m 26s