How Private Equity Got Its Hands on Billions in Americans’ Retirement Money
Big Take17 Nov

How Private Equity Got Its Hands on Billions in Americans’ Retirement Money

Apollo Global Management reinvented how pensions could be managed and paid out — by taking them over and moving the risks offshore. Other firms have followed suit and ushered hundreds of billions of dollars in American retirement savings into accounts that retirees and economists say are exposed to higher risk.

On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg reporters Alex Rajbhandari and Tom Schoenberg, who investigated this phenomenon and explain what it means for the people whose nest eggs ended up on private equity’s opaque balance sheets.

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How the Longest Government Shutdown Is Impacting the Economy

How the Longest Government Shutdown Is Impacting the Economy

The ongoing US government shutdown has broken historic records — and its economic consequences could prove even longer-lasting. Today on the Big Take, host Sarah Holder is joined by Bloomberg’s Gregory Korte and Megan Scully, who cover the White House and Congress, to talk about the shutdown’s impacts across sectors — and what it could take to break the logjam. Read more: The US Government Shutdown Is the Longest Ever. Why Does This Keep Happening?See omnystudio.com/listener for privacy information.

6 Nov 17min

Mamdani Won on Affordability. Can He Win Over NYC’s 1 Percent?

Mamdani Won on Affordability. Can He Win Over NYC’s 1 Percent?

Zohran Mamdani clinched New York City’s mayoral race by campaigning against wealth inequality and promoting affordability. Now, he faces the challenge of delivering on the promises that got him elected while coming to the table with the city’s wealthiest residents, who have an outsized influence on the city’s politics, economy and revenue. On today’s Big Take podcast, host Sarah Holder is joined by Bloomberg reporters Emily Flitter and Fola Akinnibi and speaks with Kathryn Wylde, the CEO of the Partnership for New York City, which represents the interests of the city’s business community. They discuss what Mamdani’s victory means for Wall Street and how he plans to win over the 1 percent. Read more: Wall Street Drops Fear of ‘Hot Commie Summer’ in Overture to Mamdani Allow Zohran Mamdani to Reintroduce Himself New York’s Golden Handcuffs: Why the City Has a Special Hold on the Rich See omnystudio.com/listener for privacy information.

5 Nov 19min

How APEC Become a Battleground for US-China Influence

How APEC Become a Battleground for US-China Influence

Asian nations are walking a tightrope between Washington and Beijing – juggling trade, tech and security pressures as the heavyweights vie for influence. On today’s Big Take Asia Podcast, host K. Oanh Ha speaks with Adam Farrar, Bloomberg’s senior geoeconomics analyst for Asia Pacific, to unpack what may have been overlooked at the APEC summit as the Xi-Trump show came to town. Read more: Xi Calls for Stable Supply Chains After Sealing Trump Truce Further listening: Trump Got an ‘Amazing’ Meeting. China Got Much-Needed Time Listen and follow The Big Take Asia on Apple Podcasts, Spotify or wherever you get your podcastsSee omnystudio.com/listener for privacy information.

4 Nov 19min

It’s Not Just You. There Are a Lot of Layoffs Happening

It’s Not Just You. There Are a Lot of Layoffs Happening

The last time the United States saw layoff numbers this high was during the Covid-19 pandemic. On today’s Big Take podcast, Bloomberg US Economy reporter Julia Fanzeres and host David Gura tackle the layoff wave of 2025: what it reveals about the state of the US economy — and what it means for the workers swept up in it. Read more: Wave of US Layoffs Flash Early Warning Sign for Job MarketSee omnystudio.com/listener for privacy information.

3 Nov 10min

Weekend Listen: Nobel Laureate Believes US Pressure on Maduro Is the Only Way

Weekend Listen: Nobel Laureate Believes US Pressure on Maduro Is the Only Way

Three weeks after being awarded the Nobel Peace Prize, Venezuelan opposition leader María Corina Machado finds herself supporting US intervention in her native country. Mishal speaks to Maria Corina on recent US boat strikes, Nicolas Maduro’s fate and the need for strength to secure peace. 03:24 - "I had to go into hiding"03:51 - Impact of the Nobel Peace Prize05:38 - US Military build up10:21 - Prospect of US ground strikes13:10 - Is Machado speaking to the Trump Administration?16:00 - Prospect of regime change18:50 - Venezuela after Maduro23:04 - Machado's economic vision26:04 - What is the Venezuelan opposition planning next?28:23 - "We are ready to take our government"34:22 - Why Machado thinks this time is different Watch this podcast https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYS You can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interview Contact The Mishal Husain Show mishalshow@bloomberg.net See omnystudio.com/listener for privacy information.

2 Nov 37min

WNBA Players Want More of the League’s Revenue. Can They Get It?

WNBA Players Want More of the League’s Revenue. Can They Get It?

The WNBA is bigger than ever. From soaring ticket sales and to record TV viewership, the W is one of the fastest-growing sports leagues in the world. But since last year, the WNBA and its players’ union have been in tense negotiations over the cut that players get from that success. A deadline to reach a deal has been extended another 30 days, but the sticking points remain. On today’s Big Take Podcast, Bloomberg reporter Jennah Haque, Good Game host Sarah Spain and Seattle Storm Guard Lexie Brown break down the state of play, from proposals on the table for revenue sharing to questions about the league’s financial picture. Read more: As Billions of Dollars Pour Into Women’s Sports, Players Seek a Bigger Cut Further listening: Good Game with Sarah Spain Full Circle with Lexie Brown & Mariah Rose—Power to the Players See omnystudio.com/listener for privacy information.

31 Okt 20min

Trump Got an ‘Amazing’ Meeting. China Got Much-Needed Time

Trump Got an ‘Amazing’ Meeting. China Got Much-Needed Time

On Thursday, President Donald Trump and President Xi Jinping of China announced a one-year truce in their trade war, capping six contentious months of negotiations and retaliatory tariffs between the world’s two largest economies. On today’s Big Take podcast, Bloomberg’s Global Trade Editor Brendan Murray and Executive China Editor John Liu join host David Gura to parse the details of the new US-China trade agreement — and why both countries are moving forward without a permanent deal. Read more: Trump and Xi Put Limits on Their Trade War in a ‘12 Out of 10’ SummitSee omnystudio.com/listener for privacy information.

30 Okt 14min

Is the Fed Flying Blind?

Is the Fed Flying Blind?

On Wednesday, the US Federal Reserve cut interest rates by 25 basis points, following its 25-basis-point cut in September. But amid a government shutdown limiting key data and questions about who will succeed Chair Jerome Powell, what comes next is anyone’s guess. On today’s Big Take podcast, Bloomberg reporters Amara Omeokwe and Enda Curran join host David Gura to break down the path forward for the central bank: from the shutdown’s impact on its decision-making to the leading contenders for Powell’s position when his term ends in May. Read more: Powell Says December Rate Cut ‘Far From’ Forgone Conclusion Here Are the Five Contenders to Replace Powell as Fed Chair The Economic Data Lost in a ShutdownSee omnystudio.com/listener for privacy information.

29 Okt 18min

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