Bloomberg Audio Studios, podcasts, radio news. Emmanuel Macron promised revolution when he was running to be France's president for the first time in twenty seventeen. Revolution was also the title of Macron's memoir, and in that book and on the campaign trail, Macron made the case for big structural reforms for France. Since then, he's cut red tape, trimmed taxes, and made it easier for French companies to fire workers. Last year, Macron successfully pushed through Parliament a controversial increase to the retirement age in France from sixty two to sixty four. While making changes like that has not been easy, but despite domestic pushback, Macron has not stopped there. He's now set his sites beyond France's borders. He's talking about the need to reform Europe as a whole. Leonel Laurent is a Paris based columnist for Bloomberg Opinion. He says, as ever, the devil is in the details.

Bloomberg Audio Studios, podcasts, radio news. Emmanuel Macron promised revolution when he was running to be France's president for the first time in twenty seventeen. Revolution was also the title of Macron's memoir, and in that book and on the campaign trail, Macron made the case for big structural reforms for France. Since then, he's cut red tape, trimmed taxes, and made it easier for French companies to fire workers. Last year, Macron successfully pushed through Parliament a controversial increase to the retirement age in France from sixty two to sixty four. While making changes like that has not been easy, but despite domestic pushback, Macron has not stopped there. He's now set his sites beyond France's borders. He's talking about the need to reform Europe as a whole. Leonel Laurent is a Paris based columnist for Bloomberg Opinion. He says, as ever, the devil is in the details.

France has all of the assets, I would say, to really shine in this new cheo political world as a European leader. The problem is always just the actual reality, the final step it takes to actually deliver.

France has all of the assets, I would say, to really shine in this new cheo political world as a European leader. The problem is always just the actual reality, the final step it takes to actually deliver.

One step Macro is taking is to encourage foreign investment through an annual event he holds called Choose France.

One step Macro is taking is to encourage foreign investment through an annual event he holds called Choose France.

So this has been going on since he really took over as president, and his pitch has always been a kind of investment bankers pitch. It's basically saying that France is a country that's opened business and that's doing the work of reforming.

So this has been going on since he really took over as president, and his pitch has always been a kind of investment bankers pitch. It's basically saying that France is a country that's opened business and that's doing the work of reforming.

Itself, and a lot of companies have been choosing France. The country has become one of the top destinations for foreign investment in Europe. On Monday, against the backdrop of Versailles, Macro made his case to a group of executives and to Bloomberg's editor in chief John Micklethwade that his plan will make Europe into a financial powerhouse that could rival China and the United States.

Itself, and a lot of companies have been choosing France. The country has become one of the top destinations for foreign investment in Europe. On Monday, against the backdrop of Versailles, Macro made his case to a group of executives and to Bloomberg's editor in chief John Micklethwade that his plan will make Europe into a financial powerhouse that could rival China and the United States.

My point is just to say we delivered, we do deliver, and we will deliver.

My point is just to say we delivered, we do deliver, and we will deliver.

Today on the show, President Emmanuel Macron's revolution, his bold vision to transform Europe's economy, and his urgent warning about what could happen if world leaders don't heed his call. I'm David Ura, and this is the big take from Bloomberg News. Bloomberg's editor in chief John Micklethwaite first met Emmanuel Macron years ago, long before he became France's youngest president.

Today on the show, President Emmanuel Macron's revolution, his bold vision to transform Europe's economy, and his urgent warning about what could happen if world leaders don't heed his call. I'm David Ura, and this is the big take from Bloomberg News. Bloomberg's editor in chief John Micklethwaite first met Emmanuel Macron years ago, long before he became France's youngest president.

I've known him for a long time, for about twenty years, I think, and he has always been someone who has wanted to change the way that global business community feels about France, but also changed the way that France feels about global business.

I've known him for a long time, for about twenty years, I think, and he has always been someone who has wanted to change the way that global business community feels about France, but also changed the way that France feels about global business.

I caught up with John by phone right after his interview with Macron on Monday, and he told me give it their long history. He's fascinated by the evolution of Macron's goals.

I caught up with John by phone right after his interview with Macron on Monday, and he told me give it their long history. He's fascinated by the evolution of Macron's goals.

He feels as if his real mission now is to try and change Europe as much as change France.

He feels as if his real mission now is to try and change Europe as much as change France.

John sat down with Macron on the sidelines of that summit with business leaders, and this year Macron announced pledges of a record fifteen billion euros of new investment from some heavy hitters, including Microsoft. John told me that setting was designed to send a message.

John sat down with Macron on the sidelines of that summit with business leaders, and this year Macron announced pledges of a record fifteen billion euros of new investment from some heavy hitters, including Microsoft. John told me that setting was designed to send a message.

I remember telling French friends that I was seeing at versaill and they say, come on, really, The truth is, Versai tends to be an image for other obvious reasons. He doesn't broadcast at home very much, but Versai works a treat when you're bringing in foreign Mancas and things like that, so that tends to be the sort of reason why it was there. Yes, he was standing in the footsteps of Napoleon Bonaparte.

I remember telling French friends that I was seeing at versaill and they say, come on, really, The truth is, Versai tends to be an image for other obvious reasons. He doesn't broadcast at home very much, but Versai works a treat when you're bringing in foreign Mancas and things like that, so that tends to be the sort of reason why it was there. Yes, he was standing in the footsteps of Napoleon Bonaparte.

To some extent, but foreign investment in France was not the only thing Mickael Thwaite asked Macron about. As you'll here, they went much deeper, covering everything from the World's richest man and it's not Elon Musk to the future of Europe.

To some extent, but foreign investment in France was not the only thing Mickael Thwaite asked Macron about. As you'll here, they went much deeper, covering everything from the World's richest man and it's not Elon Musk to the future of Europe.

President Macrol, thank you for talking to Bloomberg. We're here at your annual Choose France conference for foreign investors. And as long as I've known you, you have always wanted to prepare France to like business more, but also business to like France more. And you look and you see what is happening here. You have had many successes. You are about to trumpet fifteen billion euros of investment in France, but you also know France has problems. The economy is not growing that much. The economy since you came in has grown roughly half as fast as America. You still have a state that takes up fifty seven percent of GDP, and you have all that red tape, which your government says it wants to get rid of that is around three percent of GDP. So how do you persuade people to choose France against that?

President Macrol, thank you for talking to Bloomberg. We're here at your annual Choose France conference for foreign investors. And as long as I've known you, you have always wanted to prepare France to like business more, but also business to like France more. And you look and you see what is happening here. You have had many successes. You are about to trumpet fifteen billion euros of investment in France, but you also know France has problems. The economy is not growing that much. The economy since you came in has grown roughly half as fast as America. You still have a state that takes up fifty seven percent of GDP, and you have all that red tape, which your government says it wants to get rid of that is around three percent of GDP. So how do you persuade people to choose France against that?

We delivered a lot of reform since the very beginning twenty seventeen. Tax cuts, flat tax on capital gains, we decreased from thirty three points three to twenty five percent, corporate taxes, We made a lot of reforms on label law and after COVID. During this the past two years, we delivered, We do deliver, and we will deliver. So it's a permanent work. But I see where we come from and where we want to go. France, who was lagging behind clearly in Europe because of too much BUREAUCRACYE a strong system, a lot of strengths, but lack of competitiveness. I think we bridge I don't think. I see that we clearly bridge the gap with the others and now we are in Europe.

We delivered a lot of reform since the very beginning twenty seventeen. Tax cuts, flat tax on capital gains, we decreased from thirty three points three to twenty five percent, corporate taxes, We made a lot of reforms on label law and after COVID. During this the past two years, we delivered, We do deliver, and we will deliver. So it's a permanent work. But I see where we come from and where we want to go. France, who was lagging behind clearly in Europe because of too much BUREAUCRACYE a strong system, a lot of strengths, but lack of competitiveness. I think we bridge I don't think. I see that we clearly bridge the gap with the others and now we are in Europe.

President Macron's planned reforms don't stop at the labor and taxes. He also sees investments as key to supporting innovation and business growth in France. That would likely involve banking reform, But there too, Macro is facing a slew of regulations, not just in his own country, but in the EU as well, something he and John also discussed.

President Macron's planned reforms don't stop at the labor and taxes. He also sees investments as key to supporting innovation and business growth in France. That would likely involve banking reform, But there too, Macro is facing a slew of regulations, not just in his own country, but in the EU as well, something he and John also discussed.

I mean, based on public reports and figures, we need one trillion more in terms of budget, in terms of spending, and in parallel, we have to make the Capitan market union a reality, which can.

I mean, based on public reports and figures, we need one trillion more in terms of budget, in terms of spending, and in parallel, we have to make the Capitan market union a reality, which can.

I come on to the cattle market union, because you have here an example. You have BNP. Yeah, now probably Europe's definitely the Eurozone's most successful bank, worth eighty billion dollars. But you know you are entertaining these people like JP Morgan and so on. JP Morgan is worth five hundred and fifty billions. It's nine times this weak Bank of America four times as weak. And the reason why is BMP Parry Bar cannot expand through the European Union and take over other banks.

I come on to the cattle market union, because you have here an example. You have BNP. Yeah, now probably Europe's definitely the Eurozone's most successful bank, worth eighty billion dollars. But you know you are entertaining these people like JP Morgan and so on. JP Morgan is worth five hundred and fifty billions. It's nine times this weak Bank of America four times as weak. And the reason why is BMP Parry Bar cannot expand through the European Union and take over other banks.

This is very cool.

This is very cool.

You would like to see BMP take over one of these, take over German Bank or an Italian one.

You would like to see BMP take over one of these, take over German Bank or an Italian one.

I want.

I want.

I mean, we do need a consolidation, but we do need as well an actual domestic market as Europeans, which is not the case. We have to deal with twenty seven regulations.

I mean, we do need a consolidation, but we do need as well an actual domestic market as Europeans, which is not the case. We have to deal with twenty seven regulations.

You know.

You know.

So our view is that now we want to have a single system of resolution, a single supervision and a much more integrated capital market union.

So our view is that now we want to have a single system of resolution, a single supervision and a much more integrated capital market union.

But would you be happy with say Spain, Santandre coming and buying society general.

But would you be happy with say Spain, Santandre coming and buying society general.

I mean part of that, it's part of the market. But dealing as Europeans means that you need consolidation. As Europeans, you're.

I mean part of that, it's part of the market. But dealing as Europeans means that you need consolidation. As Europeans, you're.

Not, so it could be cross the border mergers for.

Not, so it could be cross the border mergers for.

Directions, mergers in both directions. Unlike in the US, where the banking industry has been steadily consolidating for years and where banks are now some of the biggest companies in the world, in Europe there are steep barriers that make it difficult for banks from one country to acquire banks from another. That's meant real limits on how much European banks can grow. Macro has spoken out against this. Macron told John bigger banks, a more efficient system of lending and increased comfort around taking financial risks are key to economic growth in France and in all of Europe if they want to start competing with countries like the US and China.

Directions, mergers in both directions. Unlike in the US, where the banking industry has been steadily consolidating for years and where banks are now some of the biggest companies in the world, in Europe there are steep barriers that make it difficult for banks from one country to acquire banks from another. That's meant real limits on how much European banks can grow. Macro has spoken out against this. Macron told John bigger banks, a more efficient system of lending and increased comfort around taking financial risks are key to economic growth in France and in all of Europe if they want to start competing with countries like the US and China.

In Talel, with this capital market union and the simplification having an equal single market, we clearly need the same level being filled as the US. Otherwise this is a killer for his taking because these regulations just to prevent you, I mean, our banks from investing in equity, which is exactly what we need. And if you take the key driver of this difference between the US and Europe, the key driver is the fact that the US economy innovated and invested much more in niqu innovation than the European economy. And we do need this new business model for the Europeans, more innovation, more investment, single market and gep it than market union.

In Talel, with this capital market union and the simplification having an equal single market, we clearly need the same level being filled as the US. Otherwise this is a killer for his taking because these regulations just to prevent you, I mean, our banks from investing in equity, which is exactly what we need. And if you take the key driver of this difference between the US and Europe, the key driver is the fact that the US economy innovated and invested much more in niqu innovation than the European economy. And we do need this new business model for the Europeans, more innovation, more investment, single market and gep it than market union.

But as much as Macron has pushed for reform and innovation, it's the more traditional French companies that have thrived under his presidency, which is something else John brought up with Macron.

But as much as Macron has pushed for reform and innovation, it's the more traditional French companies that have thrived under his presidency, which is something else John brought up with Macron.

I looked, and nobody has done better under the Macron presidency than bana U. He's now his wealth has increased by one hundred and seventy billion euros and he is now the richest man in the world, probably the first Frenchman to have that honor since Napoleon, and I think we can both say brave to mister Arno. He's done it in a more peaceful way. But it's interesting you look at the people who've right at the very top of the wealthiest people in France mostly either airs or in fashion or both. And I wonder whether that is the kind of France you talked about creating. You always talk about technology, but the people who've done really well are these old style businesses.

I looked, and nobody has done better under the Macron presidency than bana U. He's now his wealth has increased by one hundred and seventy billion euros and he is now the richest man in the world, probably the first Frenchman to have that honor since Napoleon, and I think we can both say brave to mister Arno. He's done it in a more peaceful way. But it's interesting you look at the people who've right at the very top of the wealthiest people in France mostly either airs or in fashion or both. And I wonder whether that is the kind of France you talked about creating. You always talk about technology, but the people who've done really well are these old style businesses.

You're right, I don't see think it's all style of business, but it's it's a business where we have competitive advantage luxury fashion and so on, because France is one of a great places, and Bernardault consolidated this market very early. It was one of the front unders in this industry, and I think it is very good and this is a chance for us because first we speak about a lot of jobs which are located in France, because a lot of these jobs are impossible to be relocated elsewhere. When you speak about alcohol, when you speak about cogniac, maniac, champagne, fashion and making a lot of this stuff, it's added value. It's low qualified and very qualified jobs. And thanks to the fact that is listed in France, we consolidate a lot of value and value creation as well. And this is why thanks to total lvmh BNP and so on. But we are he's the second largest place of the world to least your company.

You're right, I don't see think it's all style of business, but it's it's a business where we have competitive advantage luxury fashion and so on, because France is one of a great places, and Bernardault consolidated this market very early. It was one of the front unders in this industry, and I think it is very good and this is a chance for us because first we speak about a lot of jobs which are located in France, because a lot of these jobs are impossible to be relocated elsewhere. When you speak about alcohol, when you speak about cogniac, maniac, champagne, fashion and making a lot of this stuff, it's added value. It's low qualified and very qualified jobs. And thanks to the fact that is listed in France, we consolidate a lot of value and value creation as well. And this is why thanks to total lvmh BNP and so on. But we are he's the second largest place of the world to least your company.

So that's President Macron's pitch to global businesses. After the break, I asked John if that will be enough to convince more foreign investors to pour their money into the country, what that could mean for the future of Macron's presidency and the future of Europe. We just turned Emmanuel Macron's pitch to chief executives. Fewer regulations for businesses and for banks, letting companies grow bigger, take more risks. I asked Bloomberg Editor in chief John Micklethwaite to put it in a broader context. As a candidate, John, he called for a revolution. What was that revolution then and how much has it evolved or changed to now? So you talk about the vision that he has for Europe, how much is that part and parcel of what he set out on the campaign trail in twenty seventeen.

So that's President Macron's pitch to global businesses. After the break, I asked John if that will be enough to convince more foreign investors to pour their money into the country, what that could mean for the future of Macron's presidency and the future of Europe. We just turned Emmanuel Macron's pitch to chief executives. Fewer regulations for businesses and for banks, letting companies grow bigger, take more risks. I asked Bloomberg Editor in chief John Micklethwaite to put it in a broader context. As a candidate, John, he called for a revolution. What was that revolution then and how much has it evolved or changed to now? So you talk about the vision that he has for Europe, how much is that part and parcel of what he set out on the campaign trail in twenty seventeen.

I think the vision when he first came in was much more about France. It was about that he wanted to invent a kind of new kind of France, one which felt more comfortable with capitalism. He wanted to merge that with social democracy in a way, a little bit like Tony Blair. If you said Thatcher he would run a mile. But there was a little bit of that as well, And yeah, he will point in he reduced taxes, he did all these things. He has made. You know, we now have a French members the world's richest person in Bamor. We have many other things of Paris doing quite well. Paris is gained a bit against London, although I think that's probably shouldn't exaggerate that too much. But it's done pretty well. But increasingly I think Macron is driven by a realization that not much is going to happen in France without changing Europe as well.

I think the vision when he first came in was much more about France. It was about that he wanted to invent a kind of new kind of France, one which felt more comfortable with capitalism. He wanted to merge that with social democracy in a way, a little bit like Tony Blair. If you said Thatcher he would run a mile. But there was a little bit of that as well, And yeah, he will point in he reduced taxes, he did all these things. He has made. You know, we now have a French members the world's richest person in Bamor. We have many other things of Paris doing quite well. Paris is gained a bit against London, although I think that's probably shouldn't exaggerate that too much. But it's done pretty well. But increasingly I think Macron is driven by a realization that not much is going to happen in France without changing Europe as well.

That's on the economic playing field, but the sort of geopolitical one as well, And we've certainly seen him talking more about and playing the role of a diplomat in the context of the Russia's invasion of Ukraine. How does he see himself as both an economic and political statesman today?

That's on the economic playing field, but the sort of geopolitical one as well, And we've certainly seen him talking more about and playing the role of a diplomat in the context of the Russia's invasion of Ukraine. How does he see himself as both an economic and political statesman today?

He sees it very much as into twined. At one time I asked him whether Europe's sclerotic economy was a bigger danger and putin and he ducks that one. But I think he does see it together. He thinks his vision of Europe is a place that it has tried to play by the rules and is now being left behind by China and by America, neither of whom he thinks played by the rules, and so Europe has to kind of come together, and that means being much tougher when it's doing kind of trading deals with both, especially China, but also America. And the same token, it needs to reform itself within the wall that he wants to create around Europe, so he wants to see more competition. He also wants to see kind of more champions cut emerging, and the particular one we talked about here was banking, although we also talked about energy and luxury goods as well.

He sees it very much as into twined. At one time I asked him whether Europe's sclerotic economy was a bigger danger and putin and he ducks that one. But I think he does see it together. He thinks his vision of Europe is a place that it has tried to play by the rules and is now being left behind by China and by America, neither of whom he thinks played by the rules, and so Europe has to kind of come together, and that means being much tougher when it's doing kind of trading deals with both, especially China, but also America. And the same token, it needs to reform itself within the wall that he wants to create around Europe, so he wants to see more competition. He also wants to see kind of more champions cut emerging, and the particular one we talked about here was banking, although we also talked about energy and luxury goods as well.

As we mentioned one of the big headlines from John's interview with maccrone was the President's willingness to entertain the idea that a French bank in this instance Associutationeral, could be taken over by a non French owner. The example John used with the Spanish bank Santander. That will certainly raise eyebrows, but it's emblematic of what Macrol sees as necessary to reform Europe's whole economy. After the interview, I asked John how he thought that was landing. Could you get a sense of how resonant that message is with the executives who he's brought to France for this conference.

As we mentioned one of the big headlines from John's interview with maccrone was the President's willingness to entertain the idea that a French bank in this instance Associutationeral, could be taken over by a non French owner. The example John used with the Spanish bank Santander. That will certainly raise eyebrows, but it's emblematic of what Macrol sees as necessary to reform Europe's whole economy. After the interview, I asked John how he thought that was landing. Could you get a sense of how resonant that message is with the executives who he's brought to France for this conference.

I think it's I think it does resonate a little. You know, some business people were like some part of it, some people weren't like others. You next have all the allies. People, especially in Germany would say, well, yeah, that's fairly typical of Emanuel Macrol. He'll go make big speeches about the need for competition in Europe and the need for national champions but on the whole he wants to have French ones rather than other ones when the practice. You know, his government vetoed the merger of supermarkets on the grounds of national security, so you know he's got a little form in that. You know, on his side, you can say that saying fine, somebody could take over sociaa general is a sign that he's moved on on that.

I think it's I think it does resonate a little. You know, some business people were like some part of it, some people weren't like others. You next have all the allies. People, especially in Germany would say, well, yeah, that's fairly typical of Emanuel Macrol. He'll go make big speeches about the need for competition in Europe and the need for national champions but on the whole he wants to have French ones rather than other ones when the practice. You know, his government vetoed the merger of supermarkets on the grounds of national security, so you know he's got a little form in that. You know, on his side, you can say that saying fine, somebody could take over sociaa general is a sign that he's moved on on that.

But John told me that something raising alarm bells were the president's proposals to put up more trade barriers in order to combat what he sees as unfair practices implemented by the US and China.

But John told me that something raising alarm bells were the president's proposals to put up more trade barriers in order to combat what he sees as unfair practices implemented by the US and China.

I mean, just to use the example of France's richest man and the biggest company of France with LVMH. That is just like Carrying, just like Loreal, just like all these different hemes, all these other big French fashion and luxury goods houses. You know, they do very well out of globalization. And what I think they are worried about is if Europe puts up a barrier saying we don't want China's electric cars, or maybe China says, well, we don't want your hamdbags or your cognac either, or at least we want to apply tariffs to them. And so there are some parts of the French economy, indeed the European economy, who would feel sort of threatened by this, I think.

I mean, just to use the example of France's richest man and the biggest company of France with LVMH. That is just like Carrying, just like Loreal, just like all these different hemes, all these other big French fashion and luxury goods houses. You know, they do very well out of globalization. And what I think they are worried about is if Europe puts up a barrier saying we don't want China's electric cars, or maybe China says, well, we don't want your hamdbags or your cognac either, or at least we want to apply tariffs to them. And so there are some parts of the French economy, indeed the European economy, who would feel sort of threatened by this, I think.

But Macroll's revolutionary spirit has been met with frequent protests, political reality and a deep slide in his approval ratings. How is this message playing with French people? Beyond the gates at at Versailles we see President Macron's poll ratings, we see sort of the political terrain shifting in France. How much is he banking on this potential success getting more for an investment as boosting his party in his political prospect.

But Macroll's revolutionary spirit has been met with frequent protests, political reality and a deep slide in his approval ratings. How is this message playing with French people? Beyond the gates at at Versailles we see President Macron's poll ratings, we see sort of the political terrain shifting in France. How much is he banking on this potential success getting more for an investment as boosting his party in his political prospect.

That's a very good question, as you point out, is the kind of French public at the moment. If we believe the polls, the person most likely to follow Mackerel, well, there will be others, no doubt, but you know, Marine Lapen is sitting there at the moment is the most likely or bit just by plurality, and the Pens have always been beaten before in the last round. But I think that shows a considerable amount of discontent in the wider sort of French universe, and that poses I think a couple of problems for Mackerel in terms of his legacy. The first is what happens if he becomes more famous for what he was in being elected and perhaps in the same way Parack Obama and after him everything comes to pieces because to some Parack Obama is followed by Donald Trump, then he might be followed by Japan.

That's a very good question, as you point out, is the kind of French public at the moment. If we believe the polls, the person most likely to follow Mackerel, well, there will be others, no doubt, but you know, Marine Lapen is sitting there at the moment is the most likely or bit just by plurality, and the Pens have always been beaten before in the last round. But I think that shows a considerable amount of discontent in the wider sort of French universe, and that poses I think a couple of problems for Mackerel in terms of his legacy. The first is what happens if he becomes more famous for what he was in being elected and perhaps in the same way Parack Obama and after him everything comes to pieces because to some Parack Obama is followed by Donald Trump, then he might be followed by Japan.

For more of our interview with Emmanuel Macromo, read The Big Take on the Bloomberg Terminal and at Bloomberg dot Com. Now, before we go, I have some exciting news. We at The Big Take have a new show launching tomorrow, Big Take Asia. My co host Sarah Holder is here with me in the studio. Hey Sarah, Hey David.

For more of our interview with Emmanuel Macromo, read The Big Take on the Bloomberg Terminal and at Bloomberg dot Com. Now, before we go, I have some exciting news. We at The Big Take have a new show launching tomorrow, Big Take Asia. My co host Sarah Holder is here with me in the studio. Hey Sarah, Hey David.

This is a big moment for our whole team. One of my favorite things about working at Bloomberg is that we have journalists all around the world in.

This is a big moment for our whole team. One of my favorite things about working at Bloomberg is that we have journalists all around the world in.

I think more than one hundred bureaus last time I.

I think more than one hundred bureaus last time I.

Checked, and they're all working to bring you coverage with a truly global perspective. We've heard illuminating episodes from countries across Asia here on The Big Take in the past few months.

Checked, and they're all working to bring you coverage with a truly global perspective. We've heard illuminating episodes from countries across Asia here on The Big Take in the past few months.

And now we're going to have them every week. Janha will join us as hosts. She's based in Hong Kong and has been covering the region for nearly fifteen years. Every Tuesday, she's going to take listers on a deep dive into some of the world's most dynamic economies.

And now we're going to have them every week. Janha will join us as hosts. She's based in Hong Kong and has been covering the region for nearly fifteen years. Every Tuesday, she's going to take listers on a deep dive into some of the world's most dynamic economies.

And the markets, tycoons, and businesses that drive the ever shifting region.

And the markets, tycoons, and businesses that drive the ever shifting region.

The first episode is out tomorrow. You can find Big Take Asia wherever you listen to podcasts. This is The Big Take from Bloomberg News. I'm David Gura. This episode was produced and mixed by Alex Segura. It was edited by Stacy Vannox Smith and Ben Sills. It was fact checked by Adriana Tapia. Our senior producers are Naomi Shaven and Kim Gittelson. Our senior editor is Elizabeth Ponso. Nicole Beamster Boar is our executive producer. Sage Bawman is our Head of podcasts. Thanks for listening. Please follow and review The Big Take wherever you get your podcasts. It helps new listeners find the show. We'll be back tomorrow.

The first episode is out tomorrow. You can find Big Take Asia wherever you listen to podcasts. This is The Big Take from Bloomberg News. I'm David Gura. This episode was produced and mixed by Alex Segura. It was edited by Stacy Vannox Smith and Ben Sills. It was fact checked by Adriana Tapia. Our senior producers are Naomi Shaven and Kim Gittelson. Our senior editor is Elizabeth Ponso. Nicole Beamster Boar is our executive producer. Sage Bawman is our Head of podcasts. Thanks for listening. Please follow and review The Big Take wherever you get your podcasts. It helps new listeners find the show. We'll be back tomorrow.