The Big Take

Graduation is here — but the jobs aren’t. On today’s Big Take podcast, we check in with recent graduates facing a brutal hiring landscape where 42% are underemployed. We look at what’s driving today’s low-hire, low-quit market, how the AI boom could hamper the job search and what happens when top-tier students finish school without a clear path forward. Read more: A Dozen Young Job Hunters on What It Takes to Get Hired Why More College Graduates Are Stuck in Jobs That Don’t Require Degrees Hosted by Sarah Holder; Produced by Julia Press; Reported by Marin Cogan; Edited by Jeffrey Grocott. Fact-checking by Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

For months, Democrats and Republicans have been locked in a fierce battle over the way districts are drawn across the US. As both parties try to gain an edge ahead of midterms in November, efforts to redistrict could reshape Congress in the final two years of Trump’s second term — and regional economies for decades to come. On today’s Big Take podcast, guest host Stacey Vanek Smith hears from Virginia Democratic Representative Don Beyer, economist Julianne Malveaux and Bloomberg’s Greg Giroux about how the race to redistrict America could affect everything from representation to economics. Read more: What the Virginia Court Ruling Means for Democrats We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Stacey Vanek Smith; Produced by David Fox with help from Rachael Lewis-Krisky; Reported by Greg Giroux; Edited by Aaron Edwards and Tracey Samuelson. Fact-checking by Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

SoftBank founder Masayoshi Son has made a $60 billion bet on OpenAI and its CEO Sam Altman – a commitment that has some insiders worried. On today’s Big Take Asia Podcast, host K. Oanh Ha speaks with Bloomberg’s Min-Jeong Lee about how Son became captivated by Altman and what’s at stake for his reputation – and the company – as the AI race intensifies. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Read more: SoftBank Founder’s Starstruck Bet on OpenAI Raises Concern Watch, from Originals: The Troubled Saga of Masa Son's $100 Billion FundSee omnystudio.com/listener for privacy information.

Trade was one of the most contentious issues heading into the Beijing summit between Presidents Trump and Xi. But while the summit generated “good vibes” between the two, it ended with few clear directives, especially regarding trade and tariffs. On today’s Big Take podcast, Brendan Murray, who leads Bloomberg’s trade coverage, sits down with host Sarah Holder to discuss the trade takeaways from last week’s Beijing summit. Can China’s constructive strategic stability plan, or a proposed US-China trade council, calm the waters? And where does the relationship stand with the prospect of more deals—and new tariffs—on the horizon? Read more: Trump-Xi ‘Placeholder’ Summit Leaves Room for Tensions to Reignite Hosted by Sarah Holder; Produced by Julia Press; Reported by Brendan Murray; Edited by Jeffrey Grocott. Fact-checking by Rachael Lewis-Krisky and Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Amazon is everywhere, from your doorstep to outer space. So, what is the current state of the Everything Store? This week on Everybody's Business, hosts Max Chafkin and Stacey Vanek Smith look at the company that is more utility than retailer with Bloomberg Businessweek editor-in-chief Brad Stone. Plus, have you wondered why the stock market has been doing so well even though lots of things don't seem to be going great at home or abroad? Author and economic commentator Kyla Scanlon explains why the record highs keep coming even as oil prices double and the job market is at a standstill. And: a special guest gives us an underrated story that makes the case for booing.See omnystudio.com/listener for privacy information.

Tensions between the US and China have deepened since the last time a US president traveled to Beijing for a summit, in 2017. President Trump’s return to China, in a swirl of dinners and festivities, generated positive optics for host and guest alike, but brought less apparent progress on some of the biggest bilateral sticking points, from tariffs and trade to US arms sales to Taiwan. On today’s Big Take podcast, Big Take Asia host K. Oanh Ha talks to China Executive Editor John Liu and White House Correspondent Jeff Mason, who were both on the ground in Beijing, about the summit’s deals, sticking points and unfinished business. Read more: Bloomberg’s Trump-Xi Summit Page Winners and Losers From Trump and Xi’s Beijing Summit Talks We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by K. Oanh Ha; Produced by Yang Yang and Rachael Lewis-Krisky; Reported by Jeff Mason and John Liu; Edited by Jeffrey Grocott. Fact-checking by Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

The oldest Gen Alphas are still in high school, but some of the early reviews have been scathing. Unruly. Nihilistic. Bad at reading. Yet when Bloomberg Businessweek’s Stacey Vanek Smith dug into the research, she emerged with a more optimistic view on the most online generation yet. Tech savvy. Globally minded. Also, preternaturally good at skincare. On today’s Big Take podcast, Smith tells host David Gura about the cohort that accounts for $100 billion a year in direct spending power in the US alone – and what it might look like when it begins to enter the workforce. Read more: Gen Alpha Can’t Be Ignored We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by David Fox; Reported by Stacey Vanek Smith; Edited by Jeffrey Grocott. Fact-checking by Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

This year has seen an uptick in falsified videos and other online disinformation with a common theme: advancing Kremlin interests. On today’s Big Take podcast, Bloomberg investigative reporter Stephanie Baker tells Sarah Holder how she identified nearly 200 social media posts and videos that bear the hallmarks of a Russian influence operation that researchers call Storm-1516. Baker, who has written extensively about Russia and is the author of Punishing Putin, explains why so few of these posts are factchecked in real time — and what that lack of oversight means for the US as it prepares for this year’s midterms. Read more: The Most Potent Weapon in Russia’s Disinformation War We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by David Fox; Reported by Stephanie Baker and Priyanjana Bengani ; Edited by Jeffrey Grocott. Fact-checking by Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Despite India facing economic headwinds, Prime Minister Narendra Modi’s party defied expectations with a stunning state election sweep — capped by a historic win in opposition stronghold West Bengal. On today’s Big Take Asia Podcast, host K. Oanh Ha speaks to Bloomberg’s Menaka Doshi about how the BJP secured a shock victory and what an emboldened Modi might mean for India and the world. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Read more: Resurgent Modi Paves Way to Keep Power in India Well Beyond 2030 Hosted by K. Oanh Ha; Produced by Naomi Ng, Yang Yang; Reported by Menaka Doshi; Edited by Paddy Hirsch. Fact-checking by Rachael Lewis-Krisky, Yang Yang; Engineering by Taka Yasuzawa. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

After eight years as chair of the Federal Reserve, Jerome Powell’s term concludes this week. On today’s Big Take podcast, host David Gura sits down with Bloomberg Fed correspondents Catarina Saraiva and Amara Omeokwe to look back at Powell’s successes, missteps and legacy — and what shape the central bank could take in the future. Hosted by David Gura; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Amara Omeokwe and Catarina Saraiva; Edited by Paddy Hirsch. Fact-checking by Rachael Lewis-Krisky; Engineering by Alex Suguira. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

As a high-stakes Trump–Xi summit looms, tensions over the Iran war and defiance of US sanctions threaten to derail what could be one of the year’s most consequential meetings. On Trumponomics, Bloomberg's Stephanie Flanders is joined by Jennifer Welch, chief geoeconomics analyst for Bloomberg Economics and Bloomberg News executive editor Dan Ten Kate to unpack whether the talks will happen—and what’s really at stake for the global economy if they do.See omnystudio.com/listener for privacy information.

Supporters of the Make America Healthy Again movement helped put President Trump in office for a second term. But just months ahead of the US midterm elections, key voices in the coalition say they feel betrayed. On today’s Big Take podcast, guest host Tim Stenovec and Bloomberg Businessweek’s Deena Shanker track MAHA’s growing frustrations with the White House, from the fallout over Trump’s decision to pull Casey Means as nominee for surgeon general to a contentious battle over weed killer — and what it could mean for Trump’s record-low approval ratings. Read more: Outrage Over Pesticides Is Alienating Some Trump Voters Further listening: Welch’s Fruit Snacks Get a MAHA-Friendly Makeover We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Tim Stenovec; Produced by David Fox; Reported by Deena Shanker; Edited by Aaron Edwards and Nicole Beemsterboer. Fact-checking by Naomi Ng and Yang Yang; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

The Federal Reserve in the United States has struggled to return inflation to its 2% target while navigating criticism from President Trump and scrutiny from the Department of Justice. On today’s Big Take podcast, host David Gura and Bloomberg’s Maria Eloisa Capurro discuss her interview with Boston Fed President Susan Collins. They explore inflation, the economic fallout of the conflict in Iran, and how the US central bank might evolve under Kevin Warsh’s leadership. Read more: Fed’s Collins Agreed With FOMC Dissenters Over Statement We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Maria Eloisa Capurro; Edited by Julia Weaver. Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.See omnystudio.com/listener for privacy information.

Can NASA put astronauts on the moon in 2028? Why does the US need a lunar base? NASA Administrator Jared Isaacman joins guest host Tim Stenovec on today’s Big Take podcast episode to discuss the new space race with China, how NASA can compete for talent with SpaceX and Blue Origin – and why he doesn’t think we’re alone in the universe. Read more: www.bloomberg.com/space We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Tim Stenovec; Produced by Julia Press; Edited by Jeffrey Grocott. Fact-checking by Rachael Lewis-Krisky Lewis-Krisky and Eleanor Harrison-Dengate; Engineering by Alex Sugiura Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

China’s decision to block Meta’s $2 billion acquisition of AI startup Manus stunned the global AI industry. On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg’s Newley Purnell and Lulu Chen about how the deal crumbled and what it signals for Chinese startups trying to go global. Read more: China’s Meta Backlash Renders Manus Model ‘Officially Dead’ Hosted by K. Oanh Ha; Produced by Yang Yang and Naomi Ng; Reported by Newley Purnell and Lulu Chen; Edited by Paddy Hirsch. Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

For global airlines, this year was supposed to be a big one. The industry projected record profits — backed by more than 5 billion passengers — and a busy summer travel season ahead. But then came the war in Iran, the closure of the Strait of Hormuz and major disruptions to global jet fuel supplies. On today’s Big Take podcast, Bloomberg’s Global Aviation Editorial Leader Benedikt Kammel joins Sarah Holder to discuss the growing jet fuel crunch: how airlines are scrambling to absorb billions in unexpected expenses, which markets and routes are most affected by the squeeze and how disruptions stemming from the war could reshape the industry (and your summer travel plans). We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Julia Press; Reported by Benedikt Kammel; Edited by Tracey Samuelson. Fact-checking by Editorial team; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

For more than 30 years, the Indian-born writer Amitav Ghosh has built a global following with novels that draw on deep historical research. But his latest offering, Ghost-Eye, is more esoteric. The plot moves back and forth between India and the US, using past lives to explore the ties between the personal and the political. The plot centers on a psychiatrist treating a 3-year-old who shocks her family by insisting she remembers a past life in a fishing community. In this conversation with Mishal Husain, Ghosh explains why he’s finding it harder to write nowadays, how the memories of his childhood came flooding back during the Covid pandemic, why he sees capitalism as an obstacle to protecting the environment and thinks India has lost its way diplomatically. Read this interview with Mishal’s notes on Bloomberg Weekend: www.bloomberg.com/latest/weekend-interviewWe have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.See omnystudio.com/listener for privacy information.

Game apps like High 5 Casino and Monopoly GO! are wildly popular. Players pay up for perks and the mobile game industry makes money – a lot of money. But scrutiny on these kinds of games and what some players call addictive, gambling-like qualities could challenge the way they do business. On today’s Big Take podcast, host Sarah Holder and Bloomberg reporter Vernon Silver go inside the world of so-called “social casinos.” Who’s profiting the most from them? And could a slate of ongoing lawsuits change their business model? Read more: The $11 Billion Casino-Style Economy Built on Players Who Can Never Cash Out We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by David Fox; Reported by Vernon Silver and Peter Robison; Edited by Aaron Edwards. Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

The US government is required to pay back $166 billion in revenue it collected as part of sweeping global tariffs struck down by the Supreme Court earlier this year. On today’s Big Take podcast, host David Gura talks with Bloomberg economics reporter Laura Curtis and a trade expert in the field about the logistics of that payout, whether any of that money will reach consumers and how political pressure might push some companies to skip a refund altogether. Read more: Oaktree Capital Accuses BJ’s of Breaching Tariff Refund Deal In Tariff Refund Process, First Payment Set to Go Out May 11 We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Laura Curtis; Edited by Jeffrey Grocott and Tracey Samuelson. Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Amid the nervousness about whether AI will replace human workers, one company has been aggressively seeking professionals. The San Francisco startup, Mercor, isn’t hiring experts to perform their jobs; it’s paying them an hourly rate to teach their daily routines to AI agents. On today’s Big Take podcast, reporter Tom Foster takes host Sarah Holder into the world of Mercor — why professionals are signing up to train the AI that could take over parts of their jobs and how the company’s founders want to remake white-collar work. Read more: The $10 Billion Startup Training AI to Replace the White-Collar Workforce Amazon to Sell OpenAI Tech After Microsoft Cedes Exclusivity We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Julia Press; Reported by Tom Foster; Edited by Jeffrey Grocott. Fact-checking by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

As global attention is focused on war in the Middle East, North Korea has been accelerating its nuclear and missile program — testing new weapons and producing more warheads. On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg’s Jon Herskovitz on Kim Jong Un’s aggressive nuclear buildup and the strain that puts on US defenses. Read more: North Korea’s Nuclear Arsenal is Outgrowing the US Missile Defenses We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by K. Oanh Ha; Produced by Naomi Ng; Reported by Jon Herskovitz, Soo-Hyang Choi; Edited by Paddy Hirsch. Fact-checking by Yang Yang; Engineering by Taka Yasuzawa. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Global markets have been remarkably resilient amid major geopolitical and economic disruptions, from the Iran war to US tariffs, as investors find cause for optimism in strong earnings and AI. On today’s Big Take podcast, Sarah Holder talks with Asia equities reporter Winnie Hsu, and Ruth Carson, chief FX/Rates correspondent in Asia, about what has kept markets strong — and what could shake them. Read more: Five Reasons Global Markets Are Holding Up Despite War in Iran We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by David Fox; Reported by Winnie Hsu and Ruth Carson; Edited by Tracey Samuelson and Jeffrey Grocott. Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

On today’s Big Take podcast, Bloomberg’s Apple guru Mark Gurman joins David Gura to reflect on Tim Cook’s wins and losses as CEO of Apple and what it will take for John Ternus to successfully usher in a new era for the tech behemoth. Read more: Apple CEO John Ternus Confronts Test of Retaining Top Talent Tim Cook Regrets Maps Flub, Sees Apple Watch as His Proudest Work We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Mark Gurman; Edited by Tracey Samuelson. Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Building powerful AI tools is the goal of companies like Anthropic. But after realizing how powerful its latest update was, Anthropic moved to keep it from the public and turn it into a cybersecurity stress test. On today’s Big Take podcast, Bloomberg cybersecurity reporter Margi Murphy walks host Sarah Holder through the story of how Anthropic discovered the risks of its Mythos tech and what they could mean for banks, businesses and the government. Read more: How Anthropic Learned Mythos Was Too Dangerous for the Wild Anthropic’s Mythos Model Is Being Accessed by Unauthorized Users We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Julia Press; Reported by Margi Murphy; Edited by Jeffrey Grocott. Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

In a nomination hearing before the Senate Banking Committee, Fed Chair nominee Kevin Warsh fielded an array of questions about his personal finances and economic policy views. There was even a reference to Seinfeld. But one topic loomed largest: the independence of the Fed. On today’s Big Take podcast, host David Gura and Bloomberg’s Michael McKee go inside Tuesday’s hearing, where Warsh vowed he wouldn’t be a “sock puppet” for President Trump and laid out some of his vision for the Fed’s future if confirmed. Read more: Warsh Pledges Independence But Dodges Questions on Rates Further listening: How Kevin Warsh Could Shape the Fed We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by David Fox; Reported by Michael McKee; Edited by Aaron Edwards. Fact-checking by Eleanor Harrison-Dengate, Julia Press; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

India wants to become a manufacturing powerhouse to rival China — but its reliance on the Chinese supply chain for things like batteries and semiconductors makes for a complex and exceedingly difficult puzzle to untangle. On today's Big Take Asia Podcast, host Oanh Ha and Bloomberg’s Alisha Sachdev on how corporate India is struggling to navigate this unique geopolitical landscape. Read more: China’s Control Over Tech Is Threatening India’s Manufacturing Dreams Further listening: Asia Is Bearing the Brunt of the Iran War Energy Crisis We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Oanh Ha; Produced by Yang Yang; Reported by Alisha Sachdev; Edited by Patrick Hirsch; Fact-checking by Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa and Alex Sugiura Deputy Executive Producer: Julia Weaver Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

President Trump said Monday the US will not be rushed into a “bad deal" with Iran. But he also said he was unlikely to extend the ceasefire that expires Wednesday. Meanwhile, the two sides seemed to disagree on whether they’d resume negotiations to end the conflict this week. On today’s Big Take, host Stacey Vanek Smith and Bloomberg White House Correspondent Kate Sullivan break down what we know about a potential second round of negotiations between the US and Iran, the sticking points driving the latest escalation and where the White House could go from here. Read more: Trump Aims to Seal Iran Deal, Says Truce Extension Unlikely We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Stacey Vanek Smith; Produced by Rachael Lewis-Krisky and David Fox; Reported by Kate Sullivan; Edited by Tracey Samuelson. Fact-checking by Julia Press and David Fox; Engineering by Katie McMurran. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Three years ago, Bob Lee, a tech executive famous for creating Cash App, was found stabbed in San Francisco. His killing set off a wave of online fury. Reporter Shawn Wen takes us back to the turbulent days before his killer was arrested, when misinformation and rumors ran rampant. Several tech industry leaders decried violent crime in San Francisco, including David Sacks, who “bet dollars to dimes” that Lee was stabbed by “a psychotic homeless person,” and Elon Musk, who called the city “horrific.”See omnystudio.com/listener for privacy information.

The Strait of Hormuz is now open. In a social media post Friday morning, Iran’s Foreign Minister wrote that Iran will be letting ships through the vital waterway for the duration of a 10-day ceasefire in Lebanon. Oil prices fell, and President Trump celebrated. But Iran’s announcement came with a big caveat: Travel must use a “coordinated route,” specified by Iran. On today’s Big Take, host David Gura and Bloomberg’s Middle East breaking news editor, Patrick Sykes, talk through Iran’s dramatic reversal, how open the Strait of Hormuz really is — and how long the latest ceasefire might hold. This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by Rachael Lewis-Krisky and David Fox; Reported by Patrick Sykes; Edited by Tracey Samuelson. Fact-checking by Eleanor Harrison-Dengate and Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

The atmosphere was grim at this week’s IMF and World Bank spring meetings, as global central bankers grappled with economic shocks from the war in Iran, AI and mounting debt. On today’s Big Take podcast, host David Gura sits down with Stephanie Flanders — Bloomberg’s head of Economics and Politics and host of Trumponomics — and senior economic writer Shawn Donnan to discuss the IMF’s revised global growth forecast and whether governments are equipped to contain the next economic crisis. Read more: The World’s Anti-Recession Guardrails Are Weaker Than Ever We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by David Fox; Reported by Stephanie Flanders and Shawn Donnan; Edited by Jeffrey Grocott. Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

President Trump’s One Big Beautiful Bill Act brought about a host of changes to US tax policy, from tax breaks on tips and overtime to an increased cap on state and local tax deductions, also known as SALT. But are Americans feeling the shifts on tax day? On today’s Big Take podcast, host David Gura and Bloomberg reporter Ben Steverman dig into how the president’s second-term tax provisions are playing out, and what a lower-than-expected increase on the average return could mean for the Republican Party heading into midterms later this year. Read more: The Salary Penalty: Why Trump’s Tax Bill Hits a Banker Harder Than a Plumber Tax Refunds Are Up, But Many Americans Aren’t Feeling It People Are Using Claude to Do Their Taxes (But Maybe They Shouldn’t) Further listening: Taxes Are Due Soon. Should the Rich Pay More? We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Ben Steverman; Edited by Aaron Edwards. Fact-checking by Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

The ceasefire between the US and Iran is set to expire next week and the US is trying a different tactic to pressure Iran into a deal: a naval blockade. On today’s Big Take podcast, Bloomberg Economics defense lead Becca Wasser and Bloomberg Middle East Breaking News editor Patrick Sykes join Sarah Holder to break down how the US’s naval blockade of the Strait of Hormuz works, what could happen if it’s tested and how this latest pressure move could influence another round of Iran-US peace talks. Hosted by Sarah Holder; Produced by David Fox; Reported by Becca Wasser and Patrick Sykes; Edited by Paddy Hirsch. Fact-checking by Rachael Lewis-Krisky and Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Hungarians handed Prime Minister Viktor Orbán a resounding defeat in Sunday’s parliamentary elections. Peter Magyar and his upstart Tisza won the election by a landslide on the promise of ending years of corruption and the ‘illiberal democracy’ that became synonymous with Orbán’s tenure. On today’s Big Take podcast, former US Ambassador David Pressman sits down with Sarah Holder to discuss what Orbán’s loss means for Hungary’s economy and political institutions, how a new leader could reshape its relationships with the EU and Russia and why President Trump and the MAGA movement are paying close attention. Read more: Hungarian Stocks and Forint Jump as Orban Loss Starts New Era We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Reported by Andras Gergely; Edited by Jeffrey Grocott. Fact-checking by David Fox and Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

A core US demand heading into peace talks with Iran this weekend will be reopening the Strait of Hormuz, where a near-total shipping shutdown has led to rising global oil prices and threatened supplies of food, plastics, packaging and semiconductors. On today’s Big Take podcast, Sarah Holder speaks with Tracy Alloway and Joe Weisenthal, hosts of Bloomberg’s Odd Lots podcast, about how the Hormuz shutdown is reverberating around commodities markets — and the lasting mark it could leave on the global supply chain even after ships start moving again. For more Odd Lots episodes on Iran and commodities, check out: How War in Iran Will Squeeze America's Farmers Even Further - Odd Lots The Petrochemicals Shock That's Already Rippling Through Plastics - Odd Lots Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky. Edited by Jeffrey Grocott. Fact-checking by Eleanor Harrison-Dengate and Julia Press; Engineering by Katie McMurran. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Need a little ‘moon joy’? Over the past eight days, four astronauts on NASA's Artemis II mission have been flying through the cosmos, breaking records for human spaceflight and sharing never-before-seen images from the dark side of the moon. On today’s Big Take podcast, guest host Stacey Vanek Smith and Bloomberg global space reporter Loren Grush talk about what the mission means for the future of galactic exploration and the burgeoning “lunar economy.” Read more: NASA’s Breathtaking Photos From Far Side of the Moon Evoke Wonder and Awe NASA Crew Heads Back to Earth After Record Trip Around Moon If you're interested in reading more but aren't yet a Bloomberg subscriber, we have a subscription offer for listeners at Bloomberg.com/podcastoffer. Hosted by Stacey Vanek Smith; Produced by David Fox; Reported by Loren Grush; Edited by Aaron Edwards. Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

In just over a decade, Tether has grown from an idea into a global crypto juggernaut, poised to become one of the world’s most highly valued private companies. But where did its dollar-linked stablecoin come from and where is it headed? On today’s Big Take podcast, Bloomberg reporter Todd Gillespie and guest host Stacey Vanek Smith unpack one of the most powerful companies you’ve (maybe) never heard of. Read more: With Billions to Spend, Tether Finds New Allies in Washington As Lutnick Sold Cantor to His Children, Tether Gave Them a Loan Hosted by Stacey Vanek Smith; Produced by David Fox; Reported by Todd Gillespie, Ryan Weeks, Annie Massa; Edited by Aaron Edwards, Janet Paskin. Fact-checking by Rachael Lewis-Krisky, Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

From London to California, calls to “tax the rich” are growing. But what are they calling for in practice, and how are governments responding? On today’s Big Take podcast, host Sarah Holder talks to Bloomberg reporters Charlie Wells and Laura Nahmias about the fight over taxes for the world’s wealthiest, and what a political tussle between New York City Mayor Zohran Mamdani and New York Governor Kathy Hochul reveals about the hurdles some measures are facing. Read more: ‘Soak the Rich’ Battle Cry Is Rising From London to California We’re also closely watching US President Donald Trump’s threats to Iran today, after he posted on Truth Social that “a whole civilization will die tonight, never to be brought back again.” Trump’s deadline for a deal with Iran, including reopening the Strait of Hormuz, is 8 p.m. ET.This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. You can also listen to the latest at Bloomberg News Now. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by Sarah Holder; Produced by Julia Press; Reported by Charlie Wells, Laura Nahmias; Edited by Aaron Edwards. Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

President Trump intensified his threats on Iran Tuesday morning posting on Truth Social, "A whole civilization will die tonight, never to be brought back again."This escalation follows a post on Monday saying the US would attack its bridges and power facilities if it failed to reopen the Strait of Hormuz to shipping traffic by 8pm ET Tuesday night. On today’s Big Take podcast, host Sarah Holder sits down with White House correspondent Courtney Subramanian to unpack the state of negotiations between the US and Iran, Tehran’s rejection of a temporary ceasefire and the mounting pressure from voters and international leaders.This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. You can also listen at Bloomberg News Now.We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.See omnystudio.com/listener for privacy information.

After a month of fighting, President Trump took his case for war with Iran to the American people Wednesday night. In a prime-time address that sent energy markets surging, he promised both an imminent end to the conflict and two to three weeks of further intense military strikes. On today’s Big Take podcast, host Sarah Holder and Bloomberg Washington Correspondent Jeff Mason unpack the president’s brief, often contradictory speech. They discuss how it put investors and key allies on the back foot, what it could mean for the president’s agenda heading into the midterms and where the conflict goes from here.We are live blogging our coverage of the war with Iran at Bloomberg.com with the latest from across the globe. Here’s what else we’re watching today: Trump Ousts Bondi After Chaotic Tenure at Justice Department Blue Owl Limits Redemptions on Private Credit Funds After Massive Exit RequestsSee omnystudio.com/listener for privacy information.

US President Donald Trump spoke for nearly 20 minutes from the White House, saying the US would hit Iran “extremely hard” in the next two to three weeks, and that he’d strike key infrastructure like electric plants if no deal is reached.Stocks fell and oil jumped on his comments, with Brent rising 5% as Trump talked about possible escalation and reiterated his call for other nations to step in to fully reopen the Strait of Hormuz. This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. You can also listen at Bloomberg Daybreak or Bloomberg News Now.We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.See omnystudio.com/listener for privacy information.

Fueled by a powerful mix of FOMO and a government drive to accelerate AI adoption, OpenClaw has exploded in popularity across China. But as these agentic systems gain sweeping access to personal data, reports of them “going rogue” are beginning to surface. On today’s Big Take Asia podcast, host K. Oanh Ha sits down with Bloomberg’s Luz Ding and Bloomberg Opinion’s Catherine Thorbecke to dig into the rapid rise of agentic AI in China, why it has taken hold so quickly and the mounting security concerns pushing users and regulators to reassess the risks. Read more: There’s Method to China’s OpenClaw Madness China’s OpenClaw Obsession Is a Risky Gamble on Experimental AI Hosted by K. Oanh Ha Produced by Naomi Ng, Yang Yang Edited by Paddy Hirsch Fact-checking by Eleanor Harrison-Dengate Engineering by Taka Yasuzawa Deputy Executive Producer: Julia Weaver Executive Producer: Nicole BeemsterboerSee omnystudio.com/listener for privacy information.

A month into the Iran War, the Trump administration continues to send mixed messages about when and how it will end. In addition to threats on electricity plants and oil wells if a deal isn’t reached, the president said he would consider destroying another piece of critical infrastructure: Iran’s water desalination plants. On today’s Big Take podcast, host Sarah Holder talks to Bloomberg defense policy and intelligence reporter Peter Martin about the Middle East’s reliance on desalination, the potential humanitarian crisis that targeting the plants could spark and how that action could fly in the face of international law. Read more: How the Iran War Is Exposing the Risks to Gulf Water Supply US Expands Threats to Iran Energy, Water as It Hails Talks Hosted by Sarah Holder; Produced by David Fox; Reported by Peter Martin; Edited by Paddy Hirsch. Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.