Big Take

In this discussion, Gregory Korte, a White House reporter for Bloomberg, and Megan Scully, Congress editor at Bloomberg, explore the ramifications of the longest government shutdown in U.S. history. Korte highlights the impact on federal services and the financial strain on furloughed workers, while Scully delves into the political dynamics that led to the impasse. They analyze polling influences, potential compromises in Congress, and the long-term economic consequences, offering intriguing insights into how the political landscape may shift amid rising public frustration.

Emily Flitter, a Bloomberg reporter specializing in economic inequalities, and Kathryn Wylde, CEO of the Partnership for New York City, delve into the implications of Zohran Mamdani's recent mayoral victory. They explore his affordability-focused platform and the challenge he faces in engaging NYC's wealthy elite. Topics include outreach from Wall Street leaders and the necessity of collaboration to address pressing issues. Flitter highlights the rising wealth disparity, while Wylde discusses the business community's concerns over potential tax hikes and the importance of practical compromise.

In this discussion, Adam Farrar, a senior geoeconomics analyst for Asia-Pacific at Bloomberg, delves into the balancing act Asian nations face between the U.S. and China. He examines why APEC has lost its policy clout yet remains significant for smaller economies, like Taiwan. Farrar highlights the lasting impacts of U.S. trade policies, Trump's selective engagement in Asia, and Xi Jinping's efforts to position China as a reliable trade partner. The conversation wraps up with insights on the complex dynamics shaping regional trade and security.

Julia Fanzeres, a Bloomberg U.S. economy reporter specializing in labor markets, dives into the alarming layoff wave of 2025. She highlights how current layoffs rival those during the pandemic, driven by economic slowdowns, rising costs, and AI adoption. Julia explains the troubling shift towards lower job security and persistent hiring challenges for those displaced. Consumer confidence is faltering, impacting younger workers’ wage growth. This discussion sheds light on the economic landscape and its implications for labor.

ESPN's Sarah Spain, Bloomberg's Jennah Haque, and Seattle Storm's Lexie Brown dive into the WNBA's demand for better revenue sharing amidst its rising popularity. They discuss players seeking a piece of the financial pie in light of soaring ticket sales and viewership. Lexie shares the players' struggles with low pay and their skepticism about league offers. Jennah reveals insights on the league's opaque finances, while Sarah highlights the lack of investor pressure for player pay. The conversation brings to light the ongoing tensions and negotiations shaping the league's future.

Brendan Murray, Global Trade Editor at Bloomberg, and John Liu, Executive China Editor based in Beijing, dive into the recent US-China trade truce. They discuss the surprising chemistry between Trump and Xi during their meeting and the implications of the new agreements on tariffs. Key topics include the absence of discussions on Taiwan and technology, the temporary nature of the truce, and how China’s rare-earth dominance impacts global trade. Additionally, they analyze China's long-term strategies to reduce reliance on foreign trade.

Amara Omeokwe, a Bloomberg reporter focused on the Federal Reserve, and Enda Curran, a macroeconomic specialist at Bloomberg, dive into the recent interest rate cuts and the implications of a government shutdown. They discuss how furloughs are affecting key economic data and the Fed's reliance on private-sector indicators. The duo also explores the potential contenders to succeed Jerome Powell, highlighting their backgrounds and impacts on future policy. Unearthing how these changes could influence Fed independence, this conversation is packed with critical insights.

Alana Woldenberg-Ruffman, Vice President of Marketing and Product Development at Learning Resources, dives into the complexities of relocating toy production from China to Vietnam. She discusses the legal battle against US tariffs that prompted this shift and the challenges of scaling operations in a new environment. The impact on local communities, rising production costs, and reliance on Chinese components add to the intricate landscape. Alana also highlights the role of vocational schools in preparing a skilled workforce amid the factory boom in Vietnam.

Janno Lieber, CEO and Chair of New York's Metropolitan Transportation Authority, leads America’s largest transit network. He shares insights on upcoming projects like the Second Avenue Subway expansion and the challenges of federal funding threats. Lieber discusses the positive impacts of congestion pricing on commute times and air quality, and the urgent need for upgrades to the MTA’s outdated signaling system. He also emphasizes financial strategies to stabilize the MTA, highlighting the importance of political coalitions to enhance public transit support.

Hakeem Jeffries, House Minority Leader and Democratic congressman from New York, dives into the pressing issues of the ongoing government shutdown. He describes the repetitive nature of daily life during the crisis and outlines Democrats' demands to prioritize bipartisan negotiations and healthcare protections. Jeffries expresses concerns about potential cuts to Medicare and Medicaid, warns about missed paychecks for federal workers, and emphasizes the importance of affordability in politics. He also touches on the NYC mayoral race and the implications for local governance.