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 col...
Jun 12, 2024•17 min
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 d...
Jun 11, 2024•17 min
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 nation...
Jun 10, 2024•14 min
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 Serge...
Jun 07, 2024•17 min
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 omny...
Jun 06, 2024•15 min
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...
Jun 05, 2024•43 min
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 Internation...
Jun 05, 2024•17 min
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 i...
Jun 03, 2024•16 min
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 tire...
May 31, 2024•16 min
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....
May 31, 2024•20 min
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 o...
May 30, 2024•17 min
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...
May 29, 2024•16 min
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....
May 28, 2024•16 min
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 m...
May 27, 2024•16 min
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 u...
May 24, 2024•17 min
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-S...
May 23, 2024•16 min
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 Gur...
May 22, 2024•14 min
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 B...
May 21, 2024•20 min
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 secur...
May 20, 2024•18 min
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 th...
May 17, 2024•16 min
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....
May 16, 2024•18 min
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...
May 15, 2024•18 min
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 t...
May 14, 2024•20 min
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 B...
May 14, 2024•18 min
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...
May 13, 2024•19 min
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 ...
May 10, 2024•14 min
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 ...
May 09, 2024•14 min
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/listen...
May 08, 2024•16 min
“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 priva...
May 07, 2024•16 min
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 ...
May 06, 2024•17 min
