Big Take

This week, top European Union leaders are traveling to Beijing for a high-level summit which could set the tone for the relationship between the EU and China for years to come. On today’s Big Take Asia Podcast, host K. Oanh Ha and Bloomberg’s Alan Crawford examine the shifting ties between Brussels and Beijing and the effect Trump is having on the relationship. Read more: US Tariffs Are Changing Europe’s Approach to Chinese Investment Further listening: The American Toymaker Suing Trump Over Destructive TariffsSee omnystudio.com/listener for privacy information.

Over many decades of public service, Robert Gates has served as secretary of defense for two presidents and the director of the CIA.On today’s Big Take podcast, Gates sits down with host David Gura and shares his perspective on what makes this moment one of “the most perilous” in history.It’s the first of several interviews David did with some of the biggest names in foreign policy and national security at the Aspen Security Forum. We’ll publish those conversations on The Big Take over the next couple of weeks.See omnystudio.com/listener for privacy information.

Incumbent NYC Mayor Eric Adams didn't run in the Democratic primary. But he'll be on the ballot in November, running as an independent against Zohran Mamdani and probably a couple of other candidates as well. So what is his vision for addressing affordability? What can the Mayor do about crime, trash, and other quality of life issues? On this episode of Bloomberg's Odd Lots, we're joined by Eric Adams to talk about the city's future and his plan for securing re-election. Read more: Ex-NYPD Commissioner Sues Adams Over ‘Systemic Corruption’ Adams’ Fundraising Doubles Mamdani’s Since Shock NYC Primary See omnystudio.com/listener for privacy information.

If you’ve been to a store like CVS, Walgreens or Target in the last few years, you may have noticed a trend: more and more essentials are locked up behind plexiglass walls. The strategy started as an anti-theft measure. But there’s little evidence that it’s worked. On today’s Big Take podcast, Bloomberg’s Amanda Mull takes host Sarah Holder through the causes and consequences of the retail lock-up era — and how it’s changed the way we shop. Read more: Retailers Locked Up Their Products—and Broke Shopping in AmericaSee omnystudio.com/listener for privacy information.

Jane Street is one of Wall Street’s most profitable and secretive firms. And when Indian regulators accused it of market manipulation earlier this month, it rocked the finance world.  On today’s Big Take podcast, Bloomberg finance reporter Katherine Doherty joins host Sarah Holder to go inside Jane Street’s unique trading strategy, and what new regulatory scrutiny could mean for the high frequency trading industry. Read more: Jane Street’s Trading Secrets Spill Into Open and Face Rivals’ ScrutinySee omnystudio.com/listener for privacy information.

At over 16,000 feet, Peru’s Rainbow Mountain is hard to reach — and its bright colors are hard to miss on social media. After a community effort to build an access road and usher in tourists succeeded, fame has proven to be a blessing and a curse for the Indigenous community that sits beneath it. On today’s Big Take podcast, Bloomberg’s Marcelo Rochabrun and Sarah Holder trace how the community turned Rainbow Mountain into a global tourism destination — and the money, violence and tragedy that followed.See omnystudio.com/listener for privacy information.

A leaked phone call between Thailand's Prime Minister Paetongtarn Shinawatra and Cambodia's Hun Sen has ignited a significant political crisis in Thailand, leading to large-scale protests and her suspension from office. On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Patpicha Tanakasempipat about the political fallout and its impact on the powerful Shinawatra clan, which has dominated Thai politics for almost three decades. Read more: Humbled Thai Billionaire Is a Warning to Trump-Era PopulistsFurther listening: What Thailand's Same-Sex Marriage Victory Means for the EconomySee omnystudio.com/listener for privacy information.

Last week, President Trump sent markets into a tizzy, when he proposed tariffs on one of the world’s most valuable commodities: Copper.  On today’s Big Take podcast, Bloomberg’s economic statecraft reporter Joe Deaux joins host David Gura to discuss the president’s ongoing push to bring copper manufacturing back to the US. Why 50% levies on copper could affect everything from your car and iPhone to the nation’s electrical grid, and what the copper industry is doing to get ahead.  Read more:  Trump’s 50% Copper Import Tariff Said to Include Refined Metal   Once-in-a-Generation Copper Trade Upends a $250 Billion MarketSee omnystudio.com/listener for privacy information.

On today’s Big Take podcast, we examine what the disaster in Kerr County, Texas reveals about the growing risk of flooding across the country as the climate changes — and the difficult economic choices facing communities grappling with these new risks.  Read more: No Alerts Heard in Deadly Texas Flash Flood as 161 Still MissingSee omnystudio.com/listener for privacy information.

Japan’s hottest banking talent is in high demand as Wall Street goes all out to woo new hires with fancy dinners, strong-arm tactics and higher salaries. On today’s Big Take Asia Podcast, Bloomberg’s Lisa Du talks to host K. Oanh Ha about why firms are resorting to extreme measures and the problems they face in hiring top talent. Further listening:Can’t Get Enough of Matcha? Too Bad – Japan Is Running LowSouth Korea Has Plenty of Botox But Not Enough Doctors Why China’s Investment Bankers Are Breaking Up With CapitalismSee omnystudio.com/listener for privacy information.

OPEC+, a coalition of some of the world’s top oil producers, surprised markets over the weekend with plans to boost production by more than half a million barrels a day. The increase comes at a time when investors are worried about oversupply. So what was behind the decision? Bloomberg’s Joumanna Bercetche breaks it all down with Big Take host David Gura from Vienna, where members of the oil cartel and executives from around the world are gathered for the Ninth OPEC International Seminar.See omnystudio.com/listener for privacy information.

In a remote part of China's northwestern Xinjiang region, dozens of data centers rise from the desert. A Bloomberg analysis of investor and tax documents and company filings found Chinese companies plan to buy more than 115,000 high-tech Nvidia chips — chips the US has banned from being exported to China – to power these centers, which could then be used for training AI models. On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Andy Lin and James Mayger about the story, and what it means for China’s AI master plan.See omnystudio.com/listener for privacy information.

In late April, shortly after President Trump’s announcement of sweeping reciprocal tariffs sent markets reeling, the White House announced a 90-day pause on when those tariffs would go into effect.That pause is about to end and while the Trump administration has announced a few tentative trade agreements — including one with the UK and another with Vietnam — they’re nowhere near 90. On today’s Big Take podcast, Bloomberg’s Brendan Murray and host David Gura discuss what the White House has accomplished, what it hasn’t and where the trade war goes from here.See omnystudio.com/listener for privacy information.

For decades, the penny has cost more to produce than it’s worth. Now, the US government is finally stopping production of the one-cent coin for good. So, how did we get here? And what does it mean for those little Abraham Lincolns stuck behind your couch cushions? On today’s Big Take podcast, Bloomberg’s Steven Dennis takes us through the life and death of the penny, and explores what it reveals about the way the US government works.See omnystudio.com/listener for privacy information.

After weeks of legislative wrangling, the House passed President Trump’s signature tax bill, sending it to his desk just before his July 4 deadline. It's the latest in a sweep of major victories on legislative, military and legal fronts, all of which could impact how Trump enacts his agenda going forward. On today’s Big Take podcast, Bloomberg’s White House and government editor Mario Parker joins Sarah Holder to discuss what the events of the last two weeks could mean for the rest of Trump’s term — and for the future of executive power.See omnystudio.com/listener for privacy information.

The auto sector saw buyers race to dealerships after President Trump announced 25% tariffs on car imports and parts from outside the US. And according to new data this week, sales from major automakers appear to be losing steam ahead of Trump’s July 9 tariff deadline.    Today on the Big Take, host David Gura sits down with Bloomberg’s Detroit bureau chief David Welch to break down how Trump’s trade war could impact car companies including Tesla, GM and Ford, and what that means for car buyers heading into the summer shopping season. Read more:  US Auto Sales Lose Steam After Tariff-Induced Shopping SpreeSee omnystudio.com/listener for privacy information.

Trump’s trade war has thrown American businesses, which source everything from aircraft parts to baby strollers from China, into chaos. Now some companies are challenging the president’s tariff rulings in the courts. On today’s Big Take Asia Podcast, host K. Oanh Ha is joined by Rick Woldenberg, CEO of the toy company Learning Resources, and Bloomberg’s Lucille Liu, to talk about the impact of the trade war on US importers and Chinese manufacturers and what it ultimately means for American consumers. Read more: Chinese Toymaker Takes Drastic Action to Survive Trump’s TariffsFurther listening: Live from Hong Kong: Why China Can Afford to Wait for a Deal, and the US Can’tThe US and China’s High-Stakes DiplomacySee omnystudio.com/listener for privacy information.

The cruise industry is an outlier right now. Even as US summer travel is down, cruise companies are setting sail with record numbers of passengers this year. But as the industry tries to keep up with this demand, it’s facing growing pains in the port cities it relies on most. On today’s Big Take podcast, Bloomberg reporter Redd Brown travels to Galveston, Texas — a port city that’s at the center of the industry’s ambitious expansion plans, and that is wrestling with the challenges that opportunity brings. Read more: Why Two Million Tourists Are Boarding Cruise Ships on a Texas IslandSee omnystudio.com/listener for privacy information.

Late last week, the Buss family, longtime owners of the Los Angeles Lakers, announced that they would sell the franchise for a record-breaking $10 billion valuation. On today’s Big Take podcast, host David Gura and Bloomberg’s sports business reporter Randall Williams break down what we know about the deal so far and discuss why America’s wealthiest families seem to be getting out of the game. Read more: Los Angeles Lakers Confirms Majority Stake Sale to Mark Walter See omnystudio.com/listener for privacy information.

At the start of 2025, Gap was cool again. The legacy American brand had started to turn around sales and rebuild its image. It was in the middle of a splashy ad campaign with the actress Parker Posey. Influencers were posting its clothes online.  But then President Trump announced his “Liberation Day” tariffs. On today’s Big Take podcast, Bloomberg reporters Amanda Mull and Lily Meier walk host Sarah Holder through Gap’s history, its recent re-invention and the challenges it faces now. Plus, we hear from Richard Dickson himself. Read more: Inside Gap’s Last-Ditch, Tariff-Addled Turnaround PushSee omnystudio.com/listener for privacy information.

China is Iran’s biggest trading partner, and sources about 14% of its oil from the country. Between China’s economic relationship with Iran and its ongoing trade negotiations with the US, the conflict between Israel and Iran, and especially US involvement, has put China in a difficult position. Today on Big Take Asia, host Oanh Ha is joined by John Liu, who oversees Bloomberg’s China coverage from Beijing, to discuss what’s at stake for China in Iran and how the conflict could change China’s game plan – not just in the Middle East, but on the global stage.See omnystudio.com/listener for privacy information.

President Trump lashed out at Iran and Israel today over concerns that a ceasefire between the two was already breaking down. But going from a fragile truce to lasting peace is complicated, particularly as Iran tries to advance its nuclear ambitions. On today’s Big Take podcast, host David Gura sits down with former US Energy Secretary Ernest Moniz, who helped negotiate an Iran deal reached in 2015, and with Bloomberg’s Nick Wadhams. They discuss the current state of Iran’s nuclear program, what’s succeeded at the negotiating table in the past and President Trump’s objectives as he tries to broker a deal.See omnystudio.com/listener for privacy information.

The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.On today’s Big Take podcast, Bloomberg Opinion’s Javier Blas and host Sarah Holder talk about the emergence of the US as the world’s largest oil producer — and how that new power dynamic is playing out in the war in Iran.See omnystudio.com/listener for privacy information.

The United States conducted airstrikes on three of Iran’s nuclear sites over the weekend, marking a dramatic escalation of the US’s involvement in Israel’s deepening war with Tehran.On today’s Big Take Podcast, Bloomberg national security and intelligence reporter Natalia Drozdiak and Israel Bureau Chief Ethan Bronner join host Sarah Holder to talk through what led to President Trump’s decision to strike, how the surprise attack happened and what comes next. Read more: A Weakened Iran Can Still Inflict Pain on the US — and the WorldSee omnystudio.com/listener for privacy information.

Global tariff wars, multi-country travel bans, detentions and phone-seizures at the border. President Trump’s “America first” policies create a grim picture for one group in particular: international tourists.  Foreign visitors to the US have been on the rise since the pandemic, with analysts previously expecting 2025 to be a bumper year for tourism. That is, until President Trump’s second term began. This drop in tourism is forecasted to cost the American economy $12.5 billion this year. On Today’s episode of the Big Take, host David Gura sits down with Bloomberg reporter and Big Take Asia host K. Oanh Ha to look at the state of the tourism industry in the US, and where in the world tourists are going instead. Read more: Trump’s $12 Billion Tourism Wipeout The US Is on Track to Lose $12 Billion in Travel Revenue in 2025 See omnystudio.com/listener for privacy information.

Teams from China used to dominate international hacking competitions, until Beijing ordered them to stop attending and take part only in domestic tournaments. On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Jamie Tarabay about how tournaments are helping boost China’s cyber-espionage capabilities and what that means for the world. Read more: Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions - BloombergSee omnystudio.com/listener for privacy information.

President Trump was in Canada this week for the Group of Seven summit. But after dinner on Monday night, Trump left early, citing the conflict in the Middle East. On today’s Big Take podcast, host David Gura speaks with Bloomberg’s Nick Wadhams in Calgary to unpack what Trump’s move could mean for Ukraine, the Middle East, trade — and for G-7 summits going forward.See omnystudio.com/listener for privacy information.

Conflict between Iran and Israel has been simmering for decades — but escalated rapidly in the last few days after Israel bombed key nuclear facilities in Iran.  As world leaders convene for the G-7 in Canada this week — many are concerned about the prospect of continued fighting and a broader regional conflict. Today on the Big Take podcast, Golnar Motevalli, who covers Iran for Bloomberg, joins host Sarah Holder to discuss the on-the-ground reality in both countries, the choices facing their heads of state and what other world leaders might do to encourage a deescalation.See omnystudio.com/listener for privacy information.

Today on the Big Take, we bring you a new episode of Trumponomics, straight from the live stage at Bloomberg’s Hong Kong Invest conference. Stephanie Flanders leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go.  She's joined by Robin Xing, Chief China Economist at Morgan Stanley, Lotus Asset Management Chief Investment Officer Hao Hong, and Bloomberg reporter Rebecca Choong Wilkins.  Further reading: Why China Can Afford to Wait for a Deal, and the US Can’tSee omnystudio.com/listener for privacy information.

Ahead of next week’s G-7 Summit in Calgary, Canada, Bloomberg Weekend Editor-at-Large Mishal Husain sat down for an exclusive interview with British Prime Minister Keir Starmer. The wide-ranging conversation touched on Israel’s ongoing strikes on Iran’s nuclear facilities, the US-UK trade agreement, defense spending and more.  Read more: Starmer Says UK Has ‘Grave Concerns’ on Iran Nuclear Program Starmer Signals Support for 3.5% NATO Aim With Talks on Date Update on June 16: Corrects spelling of Keir Starmer in episode descriptionSee omnystudio.com/listener for privacy information.

Moments after taking off, an Air India flight bound for London from an airport in Western India crashed with over 200 passengers on board. Hundreds have died and a search for survivors is ongoing. On today’s Big Take podcast, Bloomberg’s Benedikt Kammel joins host Sarah Holder on what the crash of Boeing’s marquee 787 Dreamliner means for the company and the commercial aviation industry at large.See omnystudio.com/listener for privacy information.

President Trump says his decision on who will succeed Fed Chair Jerome Powell “is coming out very soon.” And according to new reporting from Bloomberg’s Nancy Cook and Saleha Mohsin, Treasury Secretary Scott Bessent is a contender for the job. On today’s Big Take podcast, Nancy and Saleha join host David Gura to discuss the president’s Apprentice-style approach to selecting a Fed Chair, what he wants in Powell’s replacement and how that might impact Fed independence. Read more: Bessent Emerging as a Contender to Succeed Fed’s PowellSee omnystudio.com/listener for privacy information.

Representatives for the US and China are in London this week trying to hammer out a potential trade deal. But with US access to China’s rare-earth minerals and China’s access to US semiconductor chips on the table, common ground has been hard to come by. On today’s episode, Big Take host Sarah Holder speaks to Bloomberg’s Brendan Murray, who’s on the ground in London. And Big Take Asia host K Oanh Ha talks to Bloomberg’s John Liu about China’s thinking and what a deal could mean for both countries. Read more: China, US Haggle Over Details as Trade Talks Stretch OnSee omnystudio.com/listener for privacy information.

Broadway has always been a high-risk, high-reward kind of business — but with costs to mount a production higher than ever, producers are leaning into new strategies to try to recoup investments. Now, as Broadway wraps its highest-grossing season on record, the hottest tickets to celebrity-studded shows are going for upwards of $800. On today’s Big Take podcast, we speak with two Tony Award-winning producers, Daryl Roth and Lucas Katler, about what it takes to succeed these days in show business, and we hear from Bloomberg Pursuits’ Chris Rovzar about what Broadway’s new economic reality means for tourism, for art and for what audiences pay at the box office.See omnystudio.com/listener for privacy information.

There's a vital puzzle piece missing as rich nations aim to transform their electricity grids for the AI age: millions of skilled engineers.On today’s Big Take podcast, Bloomberg’s Akshat Rathi joins host Sarah Holder to break down how labor shortages in the electrification industry are slowing down the green energy transition and what it would take to turn things around. Plus, the one country bucking the trend.Read more: The Missing EngineersListen more: A skilled worker shortage is becoming an ‘existential’ problem for the energy transition: Bottleneck SeriesSee omnystudio.com/listener for privacy information.

Poland’s election of a Trump-backed conservative nationalist president early this week is part of a larger shift to the right across the European continent: Much like in the US, conservative, nationalist and right-wing parties are gaining traction. On today’s Big Take podcast, Bloomberg’s Rodney Jefferson and David Gura discuss the growing cultural divide behind Europe’s rising conservative movements and what their growth could mean for migration, climate policy and the future of the EU.See omnystudio.com/listener for privacy information.

The Nintendo Switch has generated some $100 billion in sales for the Japanese gaming giant since its launch in 2017, propelling the company’s shares to record highs. Now the game-maker is under pressure to do even better with the new Switch 2, out this week. On today’s Big Take Asia Podcast, Bloomberg Opinion’s Gearoid Reidy joins host K. Oanh Ha to talk about why the Switch 2 is so important to Nintendo’s business and whether it can live up to the hype. Read more: If the Switch 2 Stumbles, Nintendo Has No Plan BWatch, from Originals: Nintendo’s High-Stakes Bet on the Switch 2Further listening: A Turning Point in Trump’s Trade WarSee omnystudio.com/listener for privacy information.

We’re more than halfway through the 90-day pause on President Trump’s sweeping reciprocal tariffs. That three-month delay was supposed to give the US time to negotiate trade deals with countries around the world. And while talks are ongoing, many deals still seem out of reach. Now, legal challenges to Trump’s tariff strategy have thrown another wrench in the administration’s plans. On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg’s Brendan Murray to hear a status report on the latest steel tariff hikes and trade negotiations, and with legal reporter Erik Larson to explore how the courts could upend Trump’s agenda.See omnystudio.com/listener for privacy information.

As Donald Trump tries to remake global trade, the dollar’s historic dominance in Asia is under pressure. After Taiwan’s currency saw the biggest surge against the dollar in almost 40 years in early May, some money managers are saying the spike signals the acceleration of a bigger trend of moving investments back home. On today’s Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg’s Ruth Carson about what’s driving Asia’s shift away from the greenback and what a rewiring of global financial ties means for the region’s biggest economies. Further listening: Carry Trades, ExplainedCould the Chinese Yuan Ever Replace the US Dollar? Watch, from Originals: Why the US Is Getting DowngradedSee omnystudio.com/listener for privacy information.

For decades, General Electric — the conglomerate known for making everything from trains to microwaves — was also known for churning out executives. Time spent at the company’s Crotonville campus was seen as the gold standard for leadership training in Corporate America. But as GE has lost its luster, a new CEO pipeline has emerged.On today’s Big Take podcast, Bloomberg work and management reporter Matt Boyle joins host David Gura to share what he’s discovered about where tomorrow's CEOs are learning to lead — and what it means for global business.See omnystudio.com/listener for privacy information.

The Trump administration has ramped up its attacks on Harvard University — threatening its tax-exempt status, federal funding and its ability to enroll international students.  On today’s Big Take podcast, Bloomberg’s Brooke Sutherland and Francesca Maglione join host David Gura to unpack the latest developments and how they could ripple beyond the bounds of Harvard’s campus. Read more: Here Are the Many Ways Trump Is Attacking HarvardSee omnystudio.com/listener for privacy information.

Meta CEO Mark Zuckerberg has been going through a bit of a MAGA rebrand, complete with a new look — gold chains, grown-out hair, custom boxy, black T-shirts — and appearances on so-called manosphere podcasts hosted by MAGA-friendly comedians like Theo Von and Joe Rogan.Those changes have translated to his company, too. Since January, Meta has rolled back diversity efforts, weakened hate speech policies, disbanded its civil-rights team, eliminated its outside fact-checking system and added a prominent Trump ally to its board of directors. On today’s Big Take podcast, Bloomberg’s Riley Griffin joins host Sarah Holder to discuss the political evolution of Mark Zuckerberg: What he hopes to gain from getting closer to Trump and what he has to show for it. Read more: Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back?See omnystudio.com/listener for privacy information.

Tulum, Mexico has exploded in popularity since the early years of the pandemic. The area’s few Covid restrictions, picturesque beaches and laidback vibes attracted lockdown-weary travelers and helped trigger a real estate boom. On today’s Big Take podcast, Bloomberg reporters Andrea Navarro and Tanaz Meghjani join host Sarah Holder to discuss the dark side of a pandemic-era development spree in Tulum that has left a trail of ripped off investors, millions of dollars in missing cash and even two bodies in its wake.See omnystudio.com/listener for privacy information.

In 2001, it was lipstick. After the 2008 financial crisis, it was DIY haircuts. In times of economic turmoil, consumers tend to change the way they spend on makeup and beauty. So what is the beauty industry telling us now about the state of the US economy?  On today’s Big Take podcast, Bloomberg’s Ben Steverman visits a beauty convention and talks to masseuses and hair stylists about the trends they’re seeing in their salons, and cosmetics reporter Jeannette Neumann crunches the numbers on how these consumer behaviors are hitting companies’ bottom lines. Read more: The Beauty Salon Recession Indicator Estée Lauder Forecasts Return to Sales Growth in 2026 See omnystudio.com/listener for privacy information.

Despite the global hype around China’s DeepSeek, very little is known about the man behind it – Liang Wenfeng. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Saritha Rai about the tech founder who led DeepSeek to the frontline of AI advances and what the company’s rise tells us about the battle for AI dominance. Further listening: Why DeepSeek Sent Nvidia, Other Tech Stocks Tumbling Watch, from Originals: How China’s DeepSeek Came for Big AISee omnystudio.com/listener for privacy information.

After decades in the public eye, 83-year-old media mogul and Fox co-founder Barry Diller is finally ready to tell his story.  On today’s Big Take podcast, Diller joins host David Gura to talk about his new memoir, Who Knew, his storied career as an entertainment executive and his  decision to speak publicly about his sexuality for the first time. Plus, how he’s navigating President Trump’s shifting trade and regulatory policies.See omnystudio.com/listener for privacy information.

On stage at the Qatar Economic Forum on Tuesday, editor at large for Bloomberg Weekend Mishal Husain conducted a nearly 40-minute, wide-ranging interview with billionaire Elon Musk. Husain asked Musk about his future at Tesla, his ongoing feud with OpenAI CEO Sam Altman, the possibility of Starlink going public and more. At times, the conversation grew heated, particularly when Mishal asked about reports of his communication with Russian President Vladimir Putin.See omnystudio.com/listener for privacy information.

Over the past year, Apple has pulled out all the stops to tout shiny new AI tools: from big presentations at its Worldwide Developers Conference to ads featuring The Last of Us star Bella Ramsey. Now, the company is facing questions about what it’s promised versus what it’s delivered. On today’s Big Take podcast, Bloomberg’s Mark Gurman takes host Sarah Holder inside the company’s efforts to keep up on AI and what it needs to do next to stay in the game. Read more: Why Apple Still Hasn’t Cracked AISee omnystudio.com/listener for privacy information.

As of this week, the trade war between the US and China is on pause, with both sides hoping to agree on a new trade deal by early August. But questions remain about how realistic that timetable could be, given the challenges facing the world’s two largest economies, who both collaborate and compete with one another.  On today’s Big Take podcast, Former US Ambassador to China Nicholas Burns joins host David Gura to discuss the trade war, the challenges facing his successor and what he’s telling foreign policy students who are worried about the future of diplomacy. “We’ve gotta steel ourselves for the next decade or two to a historic competition with China. And China right now is stronger.”See omnystudio.com/listener for privacy information.

Like a growing number of US communities, Torrance County, New Mexico, is convinced its financial survival depends on locking immigrants up. A lucrative ICE contract keeps a private detention facility open that local politicians say the area needs. On today’s Big Take podcast, Bloomberg reporters Rachel Adams-Heard and Fola Akinnibi examine how these private facilities are becoming key to the US government’s immigration crackdown – and the financial incentives making it harder for small communities to quit them.  Read more: Addicted to ICESee omnystudio.com/listener for privacy information.