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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

On Monday, Trump envoy Steve Witkoff flew to Moscow, while Ukrainian President Volodymyr Zelenskiy visited France. 

Witkoff is expected to meet with Russian President Vladimir Putin to try and sell him on the latest version of a peace deal, which has Ukrainian input. But after a phone call between Witkoff and a Russian counterpart, Zelenskiy is trying to shore up support among European allies — both to increase pressure on Trump to align with Ukraine and to garner more military support.
 
On today’s Big Take podcast, national security team leader Nick Wadhams unpacks the state of play between Russia and Ukraine, the developments of the last few days and whether an end to the war could be in sight. 
 
Read more:
 
 US Says Ukraine Talks Productive as Witkoff Heads to Russia Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump Witkoff Discusses Ukraine Plans With Key Putin Aide: Transcript 
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Where US-Russia Talks Leave Ukraine

Ken Burns has been telling stories about America for almost 50 years. The lauded documentary filmmaker has a new series on PBS, The American Revolution, which charts the period before and after 1776. It will air internationally ahead of the 250th anniversary of the US Declaration of Independence. 
 
Mishal Husain asked Burns to join the show to mark Thanksgiving, looking at today’s America through the lens of its past and the characters who made history.
 
02:15 - The complexity of the American Revolution
 
04:00 - The underdog story 
 
07:15 - The global significance of the American Revolution
 
13:43 - Mishal Husain’s connection to Lexington Green 
 
16:15 - Why Ken Burns became a filmmaker
 
17:55 - “My mother’s gift in a funny way was dying”
 
19:20 - The Ken Burns Effect 
 
20:15 - Hollywood actors as first person narrators 
 
21:25 - Directing Josh Brolin as George Washington
 
22:00 - Why Tom Hanks didn’t want to be the voice of George Washington
 
23:00 - Filming reenactments
 
24:50 - The American Revolution is not over
 
29:10 Working for PBS, American Public Broadcasting 
 
32:20 What is Ken Burns grateful for on Thanksgiving?
 
Watch this podcast here: https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYS
 
You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview
 
Contact The Mishal Husain Show mishalshow@bloomberg.net
 
Subscribe today on Apple Podcasts and Spotify.
 
 

See omnystudio.com/listener for privacy information.

Weekend Listen: Ken Burns Says Gratitude Is the Missing Ingredient in Our Politics

Goldendoodles, bernedoodles, labradoodles, cockapoos, everywhere you look, it seems like doodles — those fluffy, adorable poodle mixes — are taking over sidewalks, cafes and TikTok feeds. But the ubiquity of the muppet-like canines has also come with some doggy drama.
 
On today’s Big Take podcast, host Sarah Holder and producer David Fox head to New Jersey to meet a breeder who’s been navigating the doodle’s rise to fame. And writer Allie Conti examines the discourse around the industry: from its loudest critics to its devoted diehards.
 
Read more: How Doodles Became A Billion-Dollar Business

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The Big Business of the Doodle Boom

Weeks before the Trump administration is expected to name its pick for the next US Federal Reserve chair, current White House economic adviser Kevin Hassett leads a group of five finalists. Whoever prevails will have the significant job of guiding the US through challenging economic times, while balancing the Fed’s long-standing independence against a hands-on president.
 
On today’s Big Take podcast, Bloomberg Fed reporters Amara Omeokwe and Enda Curran join David Gura to discuss what the leading candidates bring to the job.
 
Read more: Hassett Emerges as Frontrunner in Trump Fed Chair Audition

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Wanted: Fed Chair. Must Run World’s Largest Economy, Manage Up

After a rare public comment on Taiwan from Japan’s new prime minister, Sanae Takaichi, relations between the two nations are at a historic low — and Beijing is ramping up its economic retaliation.
 
On today’s Big Take Asia podcast, host Oanh Ha talks with Bloomberg’s James Mayger and Isabel Reynolds about the political calculation behind Takaichi’s move, the historical grievances fueling the dispute and the real economic risks facing Tokyo.
 
Read more: China Asks Airlines to Extend Japan Flight Cuts Until March 2026 - Bloomberg
 
Further listening: How APEC Become a Battleground for US-China Influence

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All Eyes on Japan and China Tensions After Taiwan Remark

On Monday, a federal judge threw out the criminal cases filed by the Department of Justice against former FBI director James Comey and New York Attorney General Letitia James.
 
When President Trump took office in January, he made it clear that retribution against his perceived political enemies was a key part of his second-term agenda. The cases against Comey and James were a high profile part of that strategy, and the White House does not seem inclined to accept this outcome.
 
On today’s Big Take podcast, host Sarah Holder is joined by Bloomberg senior national political reporter Nancy Cook and Department of Justice reporter Chris Strohm to discuss the stakes of the Comey and James cases, the role the DOJ has played in carrying out Trump’s second-term agenda — and what to expect next.

See omnystudio.com/listener for privacy information.

Inside Trump’s Retribution Campaign

Under new pressures over inflation and affordability, President Donald Trump has been talking up a plan to share tariff revenues with Americans, in the form of $2,000 checks. But there are several major problems with this plan — and he’s lacking support among some of his most ardent allies.
 
On today’s Big Take episode, host Sarah Holder is joined by Bloomberg senior national political reporter Nancy Cook and US Treasury reporter Dan Flatley to discuss how Trump’s latest proposal fits into the economic debate that could define midterm elections – and how the Supreme Court, the Republican party and Trump’s own cabinet could throw a wrench in his plans.
 
Read more: 
 
 Trump’s $2,000 Tariff ‘Dividend’ Marks Throwback to Covid Checks Trump’s $2,000 Tariff Check Idea Draws Republican Resistance 
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Checking the Math on Trump’s $2,000 Checks

Stanford University Professor Fei-Fei Li has been at the forefront of artificial intelligence research for 25 years, which is why she’s been called the “godmother of AI.” 
 
In this conversation she tells Mishal Husain how she arrived in the US as a teenager after her parents decided to emigrate from China. She also talks about the high school teacher who inspired her and a deep love of physics, leading her to ask what she calls “audacious” questions.
 
These days, amid her excitement about AI and its potential, she also is focused on what humans must do to build safeguards, and has a message for parents, too. 
 
02:50 - AI is a “civilizational technology”
04:15 - “Technology is a double-edged sword”
05:45 - Being a tech CEO and an academic
06:45 - Falling in love with physics
08:00 - What is intelligence?
08:40 - Finding my first North Star 
09:45 - Fei-Fei Li’s two key breakthroughs
14:52 - Moving from China to the US at 15
15:48 - Running the family shop taught me resilience
17:30 - “I wasn’t curious about nightclubs”
18:20 - My inspirational teacher 
22:20 - “China is a powerhouse in AI”
23:00 - Creating 3D worlds with AI
27:20 - AI and the jobs market
28:40 - Are humans going to be replaced? 
31:00 - “The machine overlord”
32:45 - What should parents tell their children? 
34:40 - The AI bubble
36:00 - Powering the big data centres AI needs
37:20 - “I’m not a tech utopian or a dystopian”
38:00 - “My one worry is our teachers”
39:20 - “I’m conscious of my responsibility”
41:28 - Fei-Fei Li believes in timeless human values
42:00 - “My favourite book these days is Harry Potter”

Watch this podcast here: https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYS

You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview

See omnystudio.com/listener for privacy information.

Weekend Listen: The Godmother of AI, Fei-Fei Li

Oxford University has repeatedly been slow to act when confronted with allegations of harassment, assault and inappropriate behavior by male academics, a new Bloomberg investigation has found.
 
Katherine Griffiths, the city editor of Bloomberg’s London bureau, spoke to dozens of academics, staffers and women who have studied at Oxford to understand how the storied institution has handled misconduct concerns — and why it lags behind its peers. On this episode of the Big Take podcast, she shares her findings about the barriers to addressing misconduct at Oxford, and the lasting consequences for women.
 
Read more: Oxford University Has Failed Women Over Harassment Concerns, Staff Say

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Harassment Concerns at Oxford Went Unaddressed for Years

Nvidia released its third quarter earnings Wednesday, crushing estimates and easing Wall Street’s concerns about an AI bubble.
 
On today’s Big Take podcast, Bloomberg Tech’s Ed Ludlow sits down with David Gura to discuss his post-earnings interview with Jensen Huang – what the Nvidia CEO had to say about the company’s breakneck growth, so-called circular deals, and potential expansion into China.
 
Read more:
 
 Nvidia’s Huang Says Company Has Plenty of New Chips to Sell It's OK, Nvidia Says There's No AI Bubble 
See omnystudio.com/listener for privacy information.

Checking the Math on Trump’s $2,000 Checks

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