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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.


Big Take

Each weekday, The Big Take brings you one story—one big, important story that impacts your life. Host Wes Kosova talks to Bloomberg journalists around the world, experts in their fields and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take. And we do it in plain English. 
The Big Take features the best of Bloomberg's in-depth, original reporting from around the globe. Listen each weekday starting on Oct. 27.
 

Learn more about The Big Take www.bloomberg.com/bigtake and subscribe to our daily newsletter https://bloom.bg/3rBmR9g.

See omnystudio.com/listener for privacy information.

Introducing: The Big Take

Hello and welcome to The Big Take Podcast! 

Today: The good news, and not so good news, about the US middle class. With inflation rising, the stock market ping-ponging and housing prices softening, that broad swath of Americans who form the backbone of the US economy are getting hit on all sides. Bloomberg reporters Shawn Donnan, Alex Tanzi, Claire Ballentine and Airielle Lowe teamed up to take a look at how middle-income Americans are doing. The answer: Not so badly, actually–at least on paper.
 
Even so, they’re worried about what’s next for them. And they have good reason to be.
 
Shawn sits down with Wes to share the results from their exclusive polling and what these precarious economic times mean for the fortunes of working Americans.
 
Learn more about this story here: https://bloom.bg/3faCxwM
 
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.

The US Middle Class Is Doing Fine. Why Are They So Worried?

Remember when everyone loved to complain how there were 150 channels on TV and nothing good to watch? It’s pretty hard to say that now. There are so many good shows being made.
 
Our new complaint: how hard it is to watch all those great shows, especially when they’re spread across so many streaming services—and most of them you have to pay for.
 
How did we get here? Bloomberg media reporter Felix Gillette has answers. He’s the co-author of the upcoming book It's Not TV: The Spectacular Rise, Revolution, and Future of HBO.

Felix joins this episode to break down why TV has never been better–and yet has never been more frustrating to watch. Bloomberg’s entertainment reporter Lucas Shaw also stops in to explain how this shift has changed the way Hollywood decides which shows get made--and which ones don't.

Read the Book excerpt here: https://bloom.bg/3SI08CA 

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.

Clash of the Streaming Titans

For decades, colleges and universities across the US have promoted the value of having a diverse student body on campus. 
 
The Supreme Court could soon change that. On Oct. 31, the justices will consider two challenges to affirmative action in college admissions, and if they choose to strike it down, there will be enormous repercussions for who gets into the nation’s top schools — and who doesn’t.
 
So what will college campuses look like in an America without affirmative action? And are there other ways for admissions officers to work around a potential ban on the practice? 
 
Bloomberg Senior Reporter Greg Stohr joins with insights on what we can expect from the Supreme Court, and Equality Reporter Kelsey Butler explains how colleges around the country are bracing for massive disruption. 
 
Learn more about this story here: https://bloom.bg/3SO4b0m
 
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.

What Happens if the Supreme Court Kicks Affirmative Action Off Campus?

The US is just a week away from the midterm elections, which will decide governors’ races in 36 states--and whether Democrats will keep their majority in the House of Representatives and the Senate. Some Republicans up for election, though, are still disputing the results of the last election. Taking their cue from former President Donald Trump, hundreds of GOP candidates falsely claim that Trump was the real winner in 2020 and that Joe Biden stole the election from him.
 
In five key states where Trump tried and failed to overturn the results in 2020, Republican nominees for governor and other roles overseeing elections are pushing changes to election laws. If they succeed, it could be easier to dispute the outcome if Trump or another candidate tried to do that again in 2024, when the White House is next at stake.
 
To measure how sound the US election system is, Bloomberg created an “Election Risk Index” that assesses how vulnerable states are to political election interference not just in 2022, but in the years ahead.
 
Ryan Teague Beckwith, one of the reporters on the project, joins this episode to talk through the potential risk these candidates pose, especially for the 2024 presidential election. And US politics editor Mario Parker gives the latest on key races.

See omnystudio.com/listener for privacy information.

The US Midterms Will Decide If the 2024 Election Can Be Stolen

On November 6, leaders around the world will gather for the annual UN Climate Change conference, known this year as COP27. The aim: finding ways to slow the warming of the planet, before it’s too late. 
 
Take Egypt—it’s getting hotter at twice the pace of some other nations, and also happens to be the host of this year’s conference. If it continues to warm at its current rate, the country's crops will wither and the capital, Cairo, will become unlivable. What’s happening in Egypt right now is a glimpse into the future for the rest of us if governments don’t get serious about the climate.
 
Bloomberg climate reporter Laura Millan Lombraña joins this episode from Madrid to walk us through what’s at stake as COP27 is set to begin–and give us the good and bad news about where the Earth’s climate is heading. And energy reporter Salma El Wardany joins from Cairo with perspective from the ground after talking with Egyptian farmers who fear for their futures.
 
Learn more about this story here: https://bloom.bg/3DvW6YF 
 
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.

Climate Change Is Already Wreaking Havoc On The COP27 Host

Messenger RNA technology made it possible for scientists and drugmakers to quickly develop a Covid-19 vaccine.
 
Now, pharmaceutical companies are racing to use mRNA for other illnesses, including flu, cancer and rare genetic diseases. 
 
Dr. Drew Weissman, one of the researchers who pioneered the mRNA technology that led to the Covid vaccine, joins this episode to talk about his discovery, and the impact it will continue to have on the way patients are treated. Bloomberg’s biosecurity reporter Riley Griffin stops in to discuss Pfizer’s next phase of developing mRNA vaccines. And Bloomberg’s chief medical writer Robert Langreth forecasts how this technology could transform treatment for a variety of illnesses.
 
Learn more about this story here: https://bloom.bg/3fm3Bt8
 
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.

The Covid Vaccine Is Fueling A Race For All Kinds Of Cures

Here’s a random yet important fact: Copper is one of the very best conductors of electricity of all metals. And that matters, because as we move toward a world in which more and more things in our lives plug in or charge up–not just your phone, but electric vehicles, solar panels and wind turbines that will power the future–copper is in increasingly high demand. Worldwide, about 21 million metric tons of it are hauled up from the ground each year. And demand will soon double.

Some of the richest reserves of copper are found in Southern Africa. But getting it from deep underground and trucking it thousands of miles to buyers can be a harrowing journey.
 
Without more production or new mines, the world could be looking at shortages, and soaring prices for copper and the products that use it. Joining this episode are Santiago-based commodities reporter James Attwood, and Yvonne Yue Li, a metals and mining reporter in New York. They’ll explain what a coming copper shortage could mean for us all.
 
Reporter Matthew Hill also stops by to describe his visit to a huge mine in Zambia, where he descended thousands of feet underground to see copper being blasted from the rock–and talked to the truckers who risk their safety bringing it to port. 
 
Learn more about this story here: https://bloom.bg/3fxYXrQ 
 
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.

The Copper You Need Is Stuck In A 30-Mile Traffic Jam

Since Russia invaded Ukraine in February, the US and other Western nations have imposed economic sanctions on scores of Russian billionaires close to President Vladimir Putin. They’ve also gone after their assets–including the enormous yachts prized by billionaires the world over. 

But now comes the question: What will happen to them? Investigative Reporter Stephanie Baker joins this episode from London to share her reporting on big boats in legal limbo.
 
Learn more about this story here: https://bloom.bg/3TbFfzQ 
 
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.

US, EU Seized Russian Billionaires' Yachts. Then Came the Bill

Here's a thought experiment. It's the middle of winter and you can't afford to pay for both heat and electricity. Which do you stop using first? The lights? The stove? The furnace? 

This is the real life choice people in the UK and parts of Europe will have to make this winter, and in the years ahead. Fallout from Russia’s invasion of Ukraine and other economic pressures have driven up the price of fuel for homes and businesses alike. Earlier this year, the UK braced for shortages and planned for possible rolling power outages. Governments across Europe have rolled out fuel price supports to try to keep millions of households from falling into what’s called “fuel poverty.” And the problem won’t stop there. People everywhere, including the US, will face rising prices and uncertainty as nations compete for affordable, reliable energy.
 
To sort out what’s happening, Rachel Morison joins this episode. She leads Bloomberg’s energy coverage in the UK and across Europe. 
 
And Rosalind Mathieson, who oversees Bloomberg’s government coverage, stops in to look at the broader impact across the globe.
 
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.

Choose One: Heat Your Home or Feed Your Family?

Ever wonder what actually happens to all the plastic you dutifully toss in the recycling bin? Kit Chellel, an investigative reporter for Bloomberg, set out to answer that very question. And what he found out is…well we’re not gonna give it away. Then, Wes picks up with reporter Matthew Campbell, who went to see for himself where a lot of that plastic piles (and piles and piles) up.

This episode also features Judith Enck, president of Beyond Plastics, who explains why it’s so hard to recycle this stuff.
 
Learn more about this story here: https://bloom.bg/3tqqP4p
 
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.

Where Does All Your Recycling Really Go?

Where Does All Your Recycling Really Go?

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