
The World Faces a $270 Billion Traffic Jam in Panama
The Panama Canal moves roughly $270 billion dollars worth of cargo annually – it’s the trade route taken by 40% of all US container traffic alone. But the crucial waterway is contending with a crippling drought, worsened by climate change and infrastructure constraints. Water levels are so low that the Panama Canal Authority is restricting the number of ships that can pass through each day. As the line gets longer, shippers are paying to jump the line, or resorting to workarounds. Bloomberg reporter Peter Millard traveled to Panama to understand how the drought is snarling global shipping and impacting locals. Millard joined the Big Take podcast to share what could solve the canal’s water level issues: from the experimental ideas, to the politically fraught choice to build a new reservoir and flood neighboring lands. There are no easy fixes. But with a traffic jam this big, getting the canal flowing again is becoming more urgent. See omnystudio.com/listener for privacy information.
12 Jan 202410min

Introducing Big Take DC: Iowa Governor Says DeSantis Can Still Pull Off Caucus Win
Iowa Governor Kim Reynolds gives an exclusive interview to Big Take DC just days before her state kicks off the 2024 presidential cycle. After months of debates and polling, the Iowa caucuses will be the nation's first state-level contest for the next Republican presidential nominee.Bloomberg’s Saleha Mohsin talks with Reynolds about why Ron DeSantis has her vote, and what she’ll do if Donald Trump becomes the party’s nominee.This interview has been condensed for clarity.See omnystudio.com/listener for privacy information.
11 Jan 202413min

The Taiwanese Soldier Who Lost His Life to Defend Ukraine
Watching footage of Russian attacks on Ukraine, Jonathan Tseng thought: That could happen here, too. So from his home in Taiwan, Jonathan — Tseng Sheng-Guang in Chinese — resolved to take up arms against Russia. He left his wife, son and his beseeching mother in June 2022 to join the ranks of foreign fighters in Ukraine. His decision mirrored his own fears about unwelcome aggression on Taiwan, should China move beyond decades of warnings and threats, and into open conflict, against the island it claims as its own. Bloomberg reporter Yang Yang spent several months looking for and talking to Jonathan’s family, friends and fellow soldiers in Ukraine, in order to understand more about what drove a young Taiwanese man to battle a neighboring aggressor, and what happened to him there. See omnystudio.com/listener for privacy information.
11 Jan 202434min

The 2024 Elections That Will Shape the Global Economy
Elections this year will determine the leadership of 40% of the world’s population, spanning the United States, to Taiwan, to Mexico, to Senegal. On today’s Big Take podcast: What democracy’s big test means for the economy.See omnystudio.com/listener for privacy information.
10 Jan 20249min

Elon, Inc: Elon's Bad Trip
We here at Big Take are big fans of our colleagues and friends over at the Elon, Inc podcast from Businessweek, hosted by David Papadopoulos. Please enjoy this episode, and hop on over to subscribe to their feed if you like what you hear!---- Were we talking about almost any other executive, the report by the Wall Street Journal over the weekend about Elon Musk’s alleged drug use would have qualified as a bombshell. The article contends the chief executive of SpaceX and Tesla has used a collection of substances. This, according to the Journal’s unidentified sources, has caused consternation within Musk’s companies, with Tesla board members and SpaceX executives privately expressing concerns that the alleged drug use may be making Musk unreliable and erratic. But it’s not clear that many people, either inside or outside Musk’s companies, are genuinely worried. Musk mostly laughed off the report, offering a jokey response suggesting that any drugs he was taking should be seen as performance enhancers and noting that he’d passed government-mandated drug tests “after that one puff on Rogan”—a reference to a 2018 interview with Joe Rogan during which he smoked marijuana. Investors have been largely unmoved by all of this, partly because during the period that Musk is alleged to have indulged in illicit substances, he also made them a great deal of money. And Musk has mostly gone back to his regular schedule of boosting conspiracy theories proffered by election deniers, white nationalists and other assorted right wing influencers. On this episode, we are joined by Loren Grush, a Bloomberg aerospace reporter and author of the NASA history, The Six, to discuss why these drug allegations haven’t hurt Musk and why a labor dispute involving SpaceX employees might be a bigger threat in the long run.See omnystudio.com/listener for privacy information.
9 Jan 202428min

What the World's Top Financial Minds Are Predicting for 2024
At the end of every year, Wall Street’s best and brightest release their predictions about where the economy is heading next. Markets reporter Sam Potter has pored through this year’s financial tea leaves – thousands of pages of them – and joined the show to share the most significant takeaways. Overall, there’s optimism about a “soft-ish” landing, disinflation, and continued consumer strength. But the consensus view has missed the mark before, and 2024 will bring new unknowns, from interest rate changes to technological advances to global elections. We walk through the possibilities, and the stakes: What can we expect if Wall Street is right? And what happens if they’re wrong? Read more: Here’s (Almost) Everything Wall Street Expects in 2024 Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://www.bloomberg.com/bigtakeSee omnystudio.com/listener for privacy information.
8 Jan 202415min

Team Favorite: Taylor Swift Is A Pop Icon. And A Billionaire
We're taking a break this week, here's an episode you might have missed. Taylor Swift’s monumental success is due to her talent as a performer — as well as her business acumen. Bloomberg’s Devon Pendleton and Claire Ballentine join this episode to talk about how the pop star has taken ownership of her music, built a fiercely loyal fan base–and become a billionaire in the process. Read more: Taylor Swift Vaults to Billionaire Ranks With Blockbuster Eras Tour Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Michael Falero and Mo Barrow. Sound Design/Engineer: Gilda Garcia. See omnystudio.com/listener for privacy information.
5 Jan 202428min

Team Favorite: You Never Think About Your Car’s Catalytic Converter—Until Thieves Saw It Off
We're taking a break this week, here's an episode you might have missed. Catalytic converters are a vital part of emissions reduction in gas-powered vehicles. But that’s not why they’ve been making headlines. Thieves across the US have been sawing them off cars because they contain precious metals like platinum, palladium and rhodium. Bloomberg Businessweek contributor Evan Ratliff is here to tell the tale of a $500 million catalytic converter theft ring—and how local police departments and federal law enforcement brought it down. Read more: How Cops Cracked a $500 Million Catalytic Converter Crime Ring Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for the team? Reach us at bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers Michael Falero and Mo Barrow. Sound Design/Engineer: Raphael Amsili.See omnystudio.com/listener for privacy information.
4 Jan 202432min






















