A Japanese company’s bid to buy US Steel has sparked a fight with the United Steelworkers union — and put the company at the center of the 2024 presidential contest. 

Today on the Big Take DC, reporters Joe Deaux and Josh Wingrove trace why the deal came to a halt, how the company fits into Joe Biden and Donald Trump’s brands of political nostalgia, and why the fate of this deal could have an outsized impact on the election.

A Japanese company’s bid to buy US Steel has sparked a fight with the United Steelworkers union — and put the company at the center of the 2024 presidential contest. Today on the Big Take DC, reporters Joe Deaux and Josh Wingrove trace why the deal came to a halt, how the company fits into Joe Biden and Donald Trump’s brands of political nostalgia, and why the fate of this deal could have an outsized impact on the election.

We’re taking The Big Take to DC. Every Thursday, Bloomberg’s Saleha Mohsin digs into how money, politics, and power shapes Washington - and the consequences for voters across America.

We’re taking The Big Take to DC. Every Thursday, Bloomberg’s Saleha Mohsin digs into how money, politics, and power shapes Washington - and the consequences for voters across America.

Big Take DC

How a Deal to Buy US Steel Became About the 2024 Election

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c572b889-cfb9-49fb-8997-b14f011ca3c7/transcript

From inflation data to unemployment rates, the US government releases numbers every month that move markets and shape policies. But the agencies responsible for gathering that data are struggling — and President-elect Donald Trump’s promise to find cuts across agencies could further strain their resources.

On today’s Big Take DC podcast, Bloomberg economics editor Molly Smith joins host Saleha Mohsin to dig into what’s at stake if the federal government scales back on its investment in economic data.

Read more: 


Market-Moving Data Under Threat as Trump Returns to Washington
BLS Needs Culture Revamp After Botched US Releases, Review Finds

From inflation data to unemployment rates, the US government releases numbers every month that move markets and shape policies. But the agencies responsible for gathering that data are struggling &mdash; and President-elect Donald Trump&rsquo;s promise to find cuts across agencies could further strain their resources.
On today&rsquo;s Big Take DC podcast, Bloomberg economics editor Molly Smith joins host Saleha Mohsin to dig into what&rsquo;s at stake if the federal government scales back on its investment in economic data.
Read more:&nbsp;
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<a href="https://www.bloomberg.com/news/articles/2024-12-11/market-moving-us-data-under-threat-as-trump-returns?srnd=undefined">Market-Moving Data Under Threat as Trump Returns to Washington</a>
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<li dir="ltr" aria-level="1"><a href="https://www.bloomberg.com/news/articles/2024-12-10/bls-needs-culture-revamp-after-botched-us-releases-review-finds?sref=SFtCN2M4">BLS Needs Culture Revamp After Botched US Releases, Review Finds</a></li>
</ul>

Market-Moving US Economic Data Is Under Threat

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ad84211a-5da1-46c2-ae98-b24401264c08/transcript

Talk of de-dollarization has been gaining momentum among China, India, Brazil, Russia and South Africa in the wake of significant US led sanctions on Russia. Former US President and candidate Donald Trump has said the currency is under attack — and that any country that shuns it would face new tariffs on imports if he is elected.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Saleha Mohsin about the unique role the dollar plays in the world economy — and what, if anything, could replace it.


Read more: The Dollar’s Dominance, Explained

Further listening: Odd Lots Podcast – How the US Dollar Became an International Weapon of War

Talk of de-dollarization has been gaining momentum among China, India, Brazil, Russia and South Africa in the wake of significant US led sanctions on Russia. Former US President and candidate Donald Trump has said the currency is under attack — and that any country that shuns it would face new tariffs on imports if he is elected.
On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Saleha Mohsin about the unique role the dollar plays in the world economy — and what, if anything, could replace it.
 Read more: <a href="https://www.bloomberg.com/features/usd-strong-dollar-dominance/">The Dollar’s Dominance, Explained </a>Further listening: <a href="https://www.bloomberg.com/news/articles/2024-03-18/saleha-mohsin-on-how-the-us-dollar-usd-became-a-weapon-of-war">Odd Lots Podcast – How the US Dollar Became an International Weapon of War</a>

Could the Chinese Yuan Ever Replace the US Dollar?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e0a2ae19-ab5a-4a64-b655-b1f501627d07/transcript

Last weekend, Donald Trump became the first American president to address a crypto conference, telling an audience in Nashville that “if Bitcoin is going to the moon, I want America to be the nation that leads the way.” It’s a stark contrast from five years ago, when Trump said Bitcoin’s value was based on “thin air.” Is his conversion from crypto skeptic to crypto cheerleader real – or just a canny attempt to get donations?

On today’s Big Take DC podcast, host David Gura speaks to Bloomberg investigative reporter Zeke Faux about the surprising opinions he heard on-the-ground at the world’s biggest Bitcoin conference – and what that could mean for the future of the 2024 presidential election.


Read more: Trump Became Crypto Believer After Falling in Love With NFTs of Himself

Last weekend, Donald Trump became the first American president to address a crypto conference, telling an audience in Nashville that “if Bitcoin is going to the moon, I want America to be the nation that leads the way.” It’s a stark contrast from five years ago, when Trump said Bitcoin’s value was based on “thin air.” Is his conversion from crypto skeptic to crypto cheerleader real – or just a canny attempt to get donations?
On today’s Big Take DC podcast, host David Gura speaks to Bloomberg investigative reporter Zeke Faux about the surprising opinions he heard on-the-ground at the world’s biggest Bitcoin conference – and what that could mean for the future of the 2024 presidential election.
 Read more: <a href="https://www.bloomberg.com/news/features/2024-07-28/trump-bitcoin-2024-how-nfts-made-him-a-crypto-cheerleader?srnd=homepage-americas">Trump Became Crypto Believer After Falling in Love With NFTs of Himself</a>

Donald Trump’s Journey From Crypto Skeptic to Bitcoin Booster

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cdf34666-ae7f-4b5f-9228-b1bf010c76b6/transcript

How a Deal to Buy US Steel Became About the 2024 Election

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