Big Take

The US Senate failed to advance a government spending package on Thursday, setting up for a partial government shutdown.
At the center of the debate is funding for the Department of Homeland Security. In the wake of federal agents killing two US citizens in Minnesota, the spending package has become the latest flashpoint in the fight over ICE’s deployment in American cities.
On today’s Big Take podcast, host Sarah Holder and Bloomberg reporters Steven Dennis and Alicia Diaz track the fight playing out in Washington as tensions continue to flare in Minnesota.
Read more:
Trump, Democrats Make Some Progress in Talks to Avert Shutdown
Trump, Democrats Hurtle Toward Shutdown After Minnesota Killing
Republicans Divided After Latest Shooting by Federal Agents
Key Democrat Visits Minneapolis, Applauds ‘Courageous Movement’
Further listening:
Minnesota v. ICE
Inside ICE’s Plan to Build Detention ‘Mega Centers’
Hosted by Sarah Holder; Produced by Julia Press; Reported by Steven Dennis and Alicia Diaz; Edited by Aaron Edwards; Fact-checking by Rachael Lewis-Krisky and Eleanor Harrison-Dengate; Engineering by Alex Sugiura; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
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Not long ago, markets would have lurched if a president threatened to impose tariffs, attack a foreign nation or compromise Federal Reserve independence. Since Donald Trump’s return to office, though, traders have been buying on these threats and cashing in when they don’t come to pass.

On today’s episode of the Big Take, Bloomberg Opinion’s John Authers and columnist Robert Armstrong of the Financial Times – who coined ‘Trump Always Chickens Out’ – join host David Gura to discuss the latest TACO trading statistics and what happens when financial markets have muted reactions to White House headlines.
Hosted by David Gura; Produced by David Fox; Reported by John Authers and Robert Armstrong; Edited by Jeffrey Grocott.
Fact-checking by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Engineering by Katie McMurran.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
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From sinking Treasuries to global selloffs, the turmoil in Japan’s bond market is being felt far beyond its borders.
On today’s Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Ruth Carson to unpack what’s rattled international investors and why markets are still on tenterhooks.
Read more: Japan Bond Crash Unleashes a $7 Trillion Risk for Global Markets
Further listening: The Dollar’s Dominance Is Unwinding in Asia
Carry Trades, Explained
Hosted by K. Oanh Ha; Produced by: Naomi Ng, Yang Yang; Reported by Ruth Carson; Edited by Paddy Hirsch, Julia Weaver;
Fact-checking by Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa;
Senior Producer Naomi Shavin; Deputy Executive Producer Julia Weaver; Executive Producer Nicole Beemsterboer
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From his ambitions to acquire Greenland to his retracted (for now) threats of tariffs on European countries that oppose him, President Donald Trump continues to alienate the EU’s member states. But they’re aligned on one thing: The continent needs to be ready to stand on its own, and fast.
On today’s Big Take podcast, host David Gura and Bloomberg Brussels bureau chief Suzanne Lynch recap the outcomes of an emergency summit of EU leaders last Thursday, the toolkit at their disposal to push back and the routes ahead for Europe in a shifting world order.
Read more: Shellshocked EU Rethinks US Relationship After Trump Threat
Further listening: Trump Takes Europe to the Brink on Greenland
Hosted by David Gura; Produced by David Fox; Reported by Suzanne Lynch; Edited by Aaron Edwards.
Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
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Japan is home to the world’s oldest population and a growing share of the country’s financial assets – about $2 trillion – are controlled by seniors who are showing signs of cognitive decline.
On today’s Big Take Asia podcast, host K. Oanh Ha talks with Bloomberg’s Alice French about the staggering “dementia money” at risk, the toll of frozen accounts and the haphazard solutions that serve as a stark warning to the rest of the world.
Read more: Japan's 'Dementia Money' Problem Puts Trillions at Risk - Bloomberg
Further listening:
The Rise of Japan’s ‘Iron Lady’ and Its Political Shift to the Right
Hosted by Produced by Naomi Ng, Eleanor Harrison-Dengate; Reported by Alice French, Kentaro Tsutsumi; Edited by Patrich Hirsch, Emma O’Brien; Fact-checking by Yang Yang, Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa Senior Producer: Naomi Shavin Deputy Executive Producer: Julia Weaver Executive Producer: Nicole Beemsterboer
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