This past 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 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

This past 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 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>

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.

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.

Big Take

Behind Trump's Pledge to Make America the "Crypto Capital"

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bdc79cec-413b-4bc8-b451-b1bc01660606/transcript

Each year in April, the US conducts a lottery that shapes the lives of hundreds of thousands of people. And each year, only around 85,000 are granted an H-1B visa for highly-skilled workers. With skyrocketing application numbers, the odds of winning have only gotten slimmer. But new data obtained by Bloomberg News has revealed how certain companies have manipulated the system, gaining an advantage over people who play it fair. In other words, the game was rigged.

On today’s Big Take podcast, host Sarah Holder speaks to investigative journalists Eric Fan and Zachary Mider who explain how outsourcing companies and staffing firms exploited loopholes in the H-1B system to get extra shots at the lottery. 

Read more: How Thousands of Middlemen Are Gaming the H-1B Program

Each year in April, the US conducts a lottery that shapes the lives of hundreds of thousands of people. And each year, only around 85,000 are granted an H-1B visa for highly-skilled workers. With skyrocketing application numbers, the odds of winning have only gotten slimmer. But new data obtained by Bloomberg News has revealed how certain companies have manipulated the system, gaining an advantage over people who play it fair. In other words, the game was rigged.
On today’s Big Take podcast, host Sarah Holder speaks to investigative journalists Eric Fan and Zachary Mider who explain how outsourcing companies and staffing firms exploited loopholes in the H-1B system to get extra shots at the lottery. 
Read more: <a href="https://www.bloomberg.com/graphics/2024-staffing-firms-game-h1b-visa-lottery-system/">How Thousands of Middlemen Are Gaming the H-1B Program</a>

How Companies Gamed the H-1B Visa Lottery

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/dfa142b9-d880-49db-9707-b1be015ec81b/transcript

Costs are rising in Japan and small businesses risk being squeezed into oblivion if they don’t figure out how to raise their prices. After decades of deflation, many small Japanese companies are out of practice on exactly how to do it.

Today on The Big Take Asia, host Rebecca Choong Wilkins talks to Bloomberg senior editor Reed Stevenson about a class he visited where people are relearning the long-lost skill of negotiation, and what a failure to raise prices at these small businesses – which make up 90% of the economy – could mean for Japan’s future.

Read more: BOJ to Cut Bond Buying as Fate of Rate Policy Stirs Jitters 

Costs are rising in Japan and small businesses risk being squeezed into oblivion if they don’t figure out how to raise their prices. After decades of deflation, many small Japanese companies are out of practice on exactly how to do it.
Today on The Big Take Asia, host Rebecca Choong Wilkins talks to Bloomberg senior editor Reed Stevenson about a class he visited where people are relearning the long-lost skill of negotiation, and what a failure to raise prices at these small businesses – which make up 90% of the economy – could mean for Japan’s future. Read more: <a href="https://www.bloomberg.com/news/articles/2024-07-28/boj-set-to-cut-bond-buying-as-fate-of-rate-policy-stirs-jitters?sref=bgfDoBLq">BOJ to Cut Bond Buying as Fate of Rate Policy Stirs Jitters </a>

Japan’s Small Businesses Have a Problem. They Don’t Know How to Raise Prices

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4d4241be-0f50-431b-ad69-b1bd015a5200/transcript

For most of this year, US markets were hitting fresh highs and investors were giddy about the potential of AI to make the world’s biggest tech companies even more profitable. Then, the picture changed. Welcome to the Great Rotation.

On today’s Big Take podcast, host Sarah Holder speaks to Bloomberg cross-asset reporter Isabelle Lee about what’s behind the investor move from the Magnificent Seven tech firms into smaller companies — and what role, if any, recent US political turmoil is playing in investors’ expectations about the rest of the year. 

Read more: Markets Tear Up Popular Trades That Reached ‘Stupid Levels’ and Stocks Caught in Tug of War Between Tech and Rest: Markets Wrap

For most of this year, US markets were hitting fresh highs and investors were giddy about the potential of AI to make the world’s biggest tech companies even more profitable. Then, the picture changed. Welcome to the Great Rotation.
On today’s Big Take podcast, host Sarah Holder speaks to Bloomberg cross-asset reporter Isabelle Lee about what’s behind the investor move from the Magnificent Seven tech firms into smaller companies — and what role, if any, recent US political turmoil is playing in investors’ expectations about the rest of the year. 
Read more: <a href="https://www.bloomberg.com/news/articles/2024-07-25/everything-you-thought-you-knew-about-2024-markets-has-changed">Markets Tear Up Popular Trades That Reached ‘Stupid Levels’</a> and <a href="https://www.bloomberg.com/news/articles/2024-07-24/stock-market-today-dow-s-p-live-updates?srnd=undefined&amp;sref=ndQeXqOs">Stocks Caught in Tug of War Between Tech and Rest: Markets Wrap</a>

Wall Street’s Great Rotation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/57f9debb-1a46-4dd7-afd0-b1b901563022/transcript

Behind Trump's Pledge to Make America the "Crypto Capital"

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