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.
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With Tax Bill, Trump Ushers in New Era of Executive Power
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.
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The Great Car Buying Bonanza Is (Probably) Over
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.
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Cruises Are So Back — And Straining Port Cities
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.
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Zohran Mamdani, the Socialist Who Could Be NYC's New Mayor
This week, Zohran Mamdani won the first round of the Democratic primary for mayor of New York City, making him the presumptive party nominee and the early favorite to win November's general election. Endorsed by the Democratic Socialists of America, he's proposing rent freezes, universal childcare, higher taxes on corporations and the wealthy, free buses, and city-run grocery stores.On today’s Big Take podcast, we’re featuring an interview Mamdani did with Joe Weisenthal and Tracy Alloway for the Odd Lots podcast a few weeks ago.See omnystudio.com/listener for privacy information.
The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.
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