Big Take

Exploring the bid by a Japanese company to buy US Steel, the fight with United Steelworkers union, and the impact on the 2024 presidential contest. Delving into the historical significance and challenges faced by US Steel, President Biden's role in the deal, and the importance of US ownership in the steel industry.

Discover why prestigious private colleges may not always be the best investment for your future. Learn about the financial ROI of different colleges and universities in the US. Explore the impact of student loans on post-graduate decisions and the value of considering alternative paths like vocational training. Understand the long-term benefits of education and the financial implications of college choices on ROI.

Bloomberg's economics reporter Dan Strumpf discusses how India could become the new global economic powerhouse, surpassing China. They explore India's rapid economic growth, challenges in infrastructure and labor force, urbanization strategies, global implications, and environmental concerns.

Treasury Secretary Janet Yellen discusses US-China relations, highlighting China's manufacturing strategy and alleged support for Russia. The podcast explores the shift from strained relations to increased collaboration under Yellen's diplomacy, challenges faced by US business leaders in China, and the importance of foresight in managing future uncertainties.

Argentina's President, Javier Milei, shakes things up by proposing radical economic changes for the country, including abolishing the central bank and using the US dollar. The podcast discusses the challenges of high inflation, historical economic struggles in Argentina, and Milei's confrontational approach to traditional policies.

Explore how the IRS is piloting an online tool to make tax season easier and free, challenging private tax-filing companies. Discuss the experiences of users, criticisms from politicians like Elizabeth Warren, and the skepticism surrounding the new tax filing pilot program.

Wall Street investors aimed to revolutionize the car rental business by adding 100,000 Teslas to Hertz's fleet, but faced challenges with EVs in the rental market. The podcast explores Hertz's bold but ultimately unsuccessful Tesla bet, highlighting the hurdles of range anxiety, repair costs, and depreciation. It delves into the uncertainties of EV adoption and discusses the future of electric vehicles.

Discover what's fueling the stock market surge to all-time highs, with insights into the options market and increasing call volume on the VIX. Explore the debate on market direction, fear of a potential downturn, and the implications for investors amidst record-breaking performance.

Bloomberg reporter Alastair Marsh discusses big banks quietly backtracking on climate commitments, raising doubts about their intentions. The podcast explores the dilemma major banks face in aligning with the Paris Agreement while financing climate-harming activities. It also delves into the profit-driven nature of banks and the crucial role they play in financing the energy transition towards sustainable projects.

Iconic comedian Jerry Seinfeld discusses how his sitcom Seinfeld made him a billionaire, exploring syndication deals, streaming rights, and the show's cultural impact. The podcast dives into Seinfeld's innovative wealth-building strategies and the challenges facing the entertainment industry.