Big Take

Rick Woldenberg, CEO of Learning Resources, shares his fight against tariffs that have disrupted his toy company and others in America. Joined by Lucille Liu, Bloomberg's correspondent in Beijing, they discuss the chaos caused by Trump's trade war. Woldenberg reveals the emotional and financial toll on businesses and how companies are considering shifts to countries like Vietnam and India. They explore the resilience of Chinese manufacturers responding to these challenges and the broader impact on consumers and the economy.

Bloomberg reporter Redd Brown, an expert on the cruise industry, dives into the booming world of cruise tourism and its surprising rebound. He explores the bustling port city of Galveston, Texas, revealing how it's become a central hub for vacationers amidst rising passenger numbers. Redd discusses the economic benefits local businesses are experiencing but also highlights the growing tensions among residents regarding overcrowding and environmental concerns. The cruise industry’s ambitious expansion plans pose both opportunities and challenges for communities like Galveston.

In this episode, Randall Williams, a Bloomberg sports business reporter, delves into the Buss family's stunning decision to sell the Los Angeles Lakers for a record $10 billion. He highlights Jerry Buss's groundbreaking ownership legacy and the cultural impact of the 'Showtime' era. The conversation also touches on the shifting dynamics of sports ownership, the role of private equity in team valuations, and how these changes may affect fan experiences. Williams provides insights into the future landscape of sports entrepreneurship and community engagement.

In this discussion, Amanda Mull, a Bloomberg reporter who closely tracks the highs and lows of Gap, shares insights into the brand's rollercoaster journey. She dives into Gap's attempts to reclaim its cool status in 2025, boosted by a campaign featuring Parker Posey. However, the excitement is overshadowed by President Trump's new tariffs, posing significant challenges. Mull also highlights the emotional ties consumers have with the brand and the strategic shifts necessary to navigate the changing retail landscape.

Join John Liu, the Beijing-based overseer of Bloomberg's China coverage, as he delves into the intricate relationship between China and Iran. He reveals how China is navigating its position as Iran's largest trading partner amidst U.S. foreign policy challenges and Middle Eastern conflicts. Liu discusses China’s strategic interests in Iranian oil and its potential role as a stabilizing force in the region. With global power dynamics shifting, he reflects on how this alliance could reshape international relations and the geopolitical landscape.

Ernest Moniz, former US Energy Secretary and nuclear physicist, shares his insights on the intricate dynamics of U.S.-Iran negotiations. Alongside Nick Wadhams from Bloomberg, they discuss Iran's nuclear ambitions in the wake of recent conflicts and the delicate balance required for lasting peace. Moniz reflects on past successes of the 2015 deal while analyzing the potential risks of military actions. The discussion also emphasizes the importance of rebuilding trust and verification in future diplomacy with Iran.

Javier Blas, a seasoned Bloomberg Opinion columnist with 25 years in oil markets, discusses the surprising trend of declining oil prices amid Middle Eastern conflicts. He reveals how the U.S. has emerged as the world's largest oil producer, reshaping market dynamics. The conversation dives into Iran's influence on global prices and challenges assumptions about the Strait of Hormuz's strategic importance. Blas analyzes the complex interplay between geopolitical tensions and oil supply, shedding light on new economic realities.

Ethan Bronner, Bloomberg's Israel bureau chief, shares his insights on the U.S. airstrikes targeting Iran's nuclear facilities. He discusses the strategic decisions behind the military operation 'Midnight Hammer' and its implications for U.S.-Israel relations. The conversation explores concerns over Iranian retaliation and the complexities of U.S.-Iran diplomacy. Bronner emphasizes the ongoing regional tensions and their potential impact on global markets, particularly oil. Tune in for a gripping analysis of a pivotal moment in international politics.

K. Oanh Ha, a Bloomberg reporter and host of Big Take Asia, dives into the dire impacts of Trump's policies on U.S. tourism. She discusses how tariffs and travel bans have drastically reduced international visitors, costing the economy a staggering $12.5 billion this year. The conversation also explores California's efforts to attract Canadian tourists amid declining visits and highlights the rising popularity of Asia as a travel destination. Together, these insights paint a complex picture of tourism's turbulent future.

Jamie Tarabay, a Bloomberg reporter specializing in national security, discusses China's strategic shift in cybersecurity. She reveals how the country stopped participating in international hacking competitions to cultivate domestic talent. The conversation delves into the implications for global cybersecurity, particularly concerning state-sponsored hacking activities and U.S.-China relations. Tarabay also highlights the rising threats posed by Chinese cyber capabilities targeting critical infrastructure, emphasizing the challenges of accountability in prosecuting hackers from these nations.