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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.
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What Happens When Your School Thinks AI Helped You Cheat 18.10.2024 14:05
The education system has an AI problem. As students have started using tools like ChatGPT to do their homework, educators have deployed their own AI tools to determine if students are using AI to cheat. But the detection tools, which are largely effective, do flag false positives roughly 2% of the time. For students who are falsely accused, the consequences can be devastating. On today’s Big Take...
Bloomberg’s Trump Interview: Inside His Economic Vision for a Second Term 16.10.2024 26:23
With the US presidential election less than a month away, and the economy top of mind for many voters, former President Donald Trump sat down for an interview with Bloomberg Editor-in-Chief John Micklethwait at the Economic Club of Chicago on Tuesday. On today’s Big Take podcast, host David Gura highlights the key takeaways from the interview. From Trump’s defense of tariffs, to his plans for the...
How an Infamous Vietnamese Businesswoman Engineered a $12 Billion Fraud 15.10.2024 14:55
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 mo...
Insurers Are Struggling to Keep Up With Disasters Like Helene and Milton 14.10.2024 13:23
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...
How Uber and Lyft Used ‘Lockouts’ to Deny NYC Drivers Millions 11.10.2024 16:36
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...
Could Contaminated Water Dull Perrier’s Sparkle? 09.10.2024 13:00
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 q...
Inside the Succession Drama at a Hong Kong Property Dynasty 08.10.2024 13:56
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 oth...
One Year Later, a Region in Conflict 07.10.2024 13:59
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. Fu...
Inside the Deal That Held Off the Dock Workers Strike 05.10.2024 16:28
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 t...
US Tech Is Helping Guide Russian Missiles Into Ukraine 03.10.2024 18:13
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 tha...
The Escalating Conflict in the Middle East 01.10.2024 14:56
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. S...
The Investment Strategy Behind Harvard’s Record Endowment — and How It Fell Apart 30.09.2024 11:44
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 changin...
China’s Economic Crackdowns Are Crushing the Dreams of a Generation 27.09.2024 17:15
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 to...
Private Equity, But for Dying Universities 25.09.2024 13:45
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 me...
Could the Chinese Yuan Ever Replace the US Dollar? 24.09.2024 15:12
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...
The Pager Attack Was a Deadly Warning About Supply Chains 23.09.2024 14:39
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 dow...
The Genius Minds Behind the World’s Best Poker Bots 20.09.2024 14:04
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 fi...
California’s Controversial AI Bill Could Upend the Industry 13.09.2024 16:32
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 n...
Apple’s Strategy to Rule the World 10.09.2024 13:51
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 regu...
Janet Yellen’s Predictions for the US Economy 09.09.2024 15:39
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 info...
Everything Is Content Now. Even Your Layoff 06.09.2024 15:15
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...
The Billionaire Brothers Capitalizing on the NFL, Soccer, and Taylor Swift 04.09.2024 12:25
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 re...
Seeking Asylum in the US? Good Luck. 03.09.2024 18:31
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 fl...
Elon, Inc.: Grok-Generated Chaos, Cybertruck In Strange Places 02.09.2024 30:00
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...
A Flying Taxi Ride Into the Future of Transportation 30.08.2024 16:59
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...
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