Big Take

This year’s G-20 summit in Brazil revealed a new reality: The world order is shifting as President Joe Biden wraps up his final months in office and President-elect Donald Trump returns to power. On today’s Big Take podcast, Bloomberg’s Flavia Krause-Jackson and host David Gura join the show from Rio de Janeiro to talk through the gathering of the world’s largest economies and how they’re preparing for a new geopolitical era.See omnystudio.com/listener for privacy information.

Every year, billions of dollars of sanctioned Iranian oil finds its way to China, even though on paper the country hasn’t imported a single drop in more than two years. How? On today’s Big Take Asia podcast, host K. Oanh Ha speaks to Bloomberg’s Serene Cheong on her team’s investigation into a clandestine shipping hub off the coast of Malaysia that funnels Iranian crude to China. Read more: The Clandestine Oil Shipping Hub Funneling Iranian Crude to ChinaSee omnystudio.com/listener for privacy information.

Bloomberg reporter Leslie Patton has noticed a pattern looking at the earnings of mid-priced, brand name companies like Kraft and Luvs. Their sales are down, while the sales of similar products on either end of the price spectrum — cheaper generics and high-end premium goods — are up. On today’s Big Take podcast, Leslie joins host Sarah Holder to discuss how this “middle brand squeeze” is playing out on grocery store shelves. Read more: Shoppers Are Ditching Classic Brands They Once Loved Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

Climate leaders from around the world have convened in Baku, Azerbaijan for the UN’s biggest annual climate conference, COP29. And this year, it’s all about money.  Member nations are negotiating over how much responsibility rich countries have to finance the energy transitions of smaller economies. But larger global tensions loom over the proceedings — including the reelection of Donald Trump. In today’s episode, Bloomberg’s senior climate reporter and host of Zero Akshat Rathi calls in from COP29 to update host Sarah Holder on the unfolding negotiations and how America’s new president-elect changes the conversation. See omnystudio.com/listener for privacy information.

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

Higher tariffs. Geopolitical flare-ups. Inflammatory comments. All across Asia, countries are bracing for the return of Donald Trump. On today’s Big Take Asia Podcast, we unpack what a second Trump term means for China, India and other Asian economies – who are the potential winners and losers and what’s ahead. Host K. Oanh Ha is joined by Daniel Ten Kate, Bloomberg’s executive editor for Asia economy and government, Chan Heng Chee, the ambassador-at-large with the Singapore Foreign Ministry, and Erin Murphy, deputy director of Chair on India and Emerging Asia Economics at the Center for Strategic and International Studies. Read more: Trump Is Set to Elevate China Hawks, Deepening Beijing RiftFurther listening: The Economic Impact of Trump’s PromisesSee omnystudio.com/listener for privacy information.

Since Donald Trump’s reelection, Bitcoin has surged to its highest value ever, surpassing $89k per coin on Tuesday. It’s a trend playing out across cryptocurrency, an industry that could benefit from deregulation under President Trump.  On today’s Big Take podcast, Bloomberg’s stacy-marie ishmael and David Gura break down whether the recent “melt up” in crypto prices is part another of boom-bust cycle or if the US’s first crypto-friendly president is likely to usher in a new era in digital assets.See omnystudio.com/listener for privacy information.

President-elect Trump ran on a promise to help American consumers. As he prepares to take office, the question becomes whether his policies will play out the way he sold them — and how they could evolve as he tries to put them into practice. Bloomberg Economics has done the math on Trump’s plans, and chief economist Tom Orlik joined host Sarah Holder to look at what Trump’s agenda could mean for inflation, GDP and US taxpayers. Read more: Your Guide to Trump’s Day-One Agenda — From Taxes to Tariffs Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

President-elect Donald Trump’s business ventures, from Truth Social to crypto, stand to benefit from his return to power. But just how much? Today on the Big Take podcast, Bloomberg’s Tom Maloney joins host David Gura to break down Trump’s business interests and assets, and explore how he could cash in on his second term in office. Read more: Donald Trump’s Billion-Dollar Windfall After Election Is Just the StartSee omnystudio.com/listener for privacy information.

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

In a stunning political comeback, Donald Trump has been elected the 47th president of the United States. Just before 2:30 on Wednesday morning, he took the stage at his campaign headquarters in Mar-a-Lago, heralding the “greatest political movement of all time” after Vice President Kamala Harris’ path to the Oval Office had all but evaporated. On today’s Big Take podcast, Bloomberg’s Wendy Benjaminson joins host Sarah Holder to break down how Election Day played out, the surge of the so-called Trump Trade, and what we can expect from a second Trump term.See omnystudio.com/listener for privacy information.

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

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

From conflicts in Europe and the Middle East, to global issues like trade and migration, whoever becomes the next president of the United States will have a huge impact on the rest of the world. Bloomberg’s Flavia Krause-Jackson and a team of reporters around the world asked government officials one question: How are you preparing for what happens next? Today on the Big Take podcast, she joins host David Gura to share what they found.See omnystudio.com/listener for privacy information.

Elon Musk has become one of Donald Trump’s most formidable — and vocal — allies. He’s spoken at Trump rallies, formed a pro-Trump PAC, and funneled more than $100 million into Trump and his allies’ campaigns. This political pivot stunned people who long thought of Musk as a hero of the green energy transition. So how did this happen? In the first episode of Citizen Elon, host Max Chafkin explains the grievances, grudges and online influences that have shaped Elon Musk’s political ideology — and the ways his money and megaphone are shaping the race. Read More: When Elon Musk Got PoliticalSee omnystudio.com/listener for privacy information.

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

It sounds like science fiction, but it’s real: Venture capitalists, startup founders, and Silicon Valley elites are pouring money into a controversial technology called solar radiation modification that could cool the planet by blocking the sun.Today on the show, host Sarah Holder talks to Bloomberg reporter Sophie Alexander about the international coordination needed for something like this to work, and why funding for it is ramping up even as researchers express concerns about the possible consequences.  Read more: Silicon Valley’s Elite Pour Money Into Blotting Out the SunBloomberg wants to hear from you! Help make shows like ours even better by taking the Bloomberg audience survey and have a coffee on Bloomberg for doing so. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

China is making steady progress in its quest to dominate key industries of the future, despite years of US tariffs, export controls and sanctions.  On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Rebecca Choong Wilkins about how the US is struggling to curb Beijing’s technological advances, and whether the upcoming election could change the dynamic.   Read more: US Efforts to Contain Xi’s Push for Tech Supremacy Are Faltering Further listening: How China’s BYD Became King of the Affordable EV On Thursday, Odd Lots will dig into Bloomberg’s research on the Made in China plan, and why it largely succeeded in spite of US efforts. Subscribe here. See omnystudio.com/listener for privacy information.

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

For a small business, going viral might sound like a good thing. But when a TikTok video turns a shop into an overnight success, that attention can come with major challenges.  On today’s Big Take podcast, host Sarah Holder visits small business owners riding the wave of overnight success, and explores the economics of virality with Amanda Mull. Read more:  How Online Influencers Got Addicted to Swedish Candy Amanda Mull’s “Buying Power” column Bloomberg wants to hear from you! Help make shows like ours even better by taking the Bloomberg audience survey and have a coffee on Bloomberg for doing so. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.