First Republic Bank is the latest financial institution to fail amid turmoil across the industry. Meanwhile, inflation is still high. Layoffs are rocking some industries. And labor shortages are throttling others. So… are we about to face the recession that economists have been predicting for months now? Today, Bloomberg reporter Reade Pickert and senior executive editor Chris Nagi read the tea leaves on where the economy is headed.

Read more: First Republic Becomes Second-Largest Ever US Bank Failure.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

First Republic Bank is the latest financial institution to fail amid turmoil across the industry. Meanwhile, inflation is still high. Layoffs are rocking some industries. And labor shortages are throttling others. So… are we about to face the recession that economists have been predicting for months now? Today, Bloomberg reporter <a href="https://www.bloomberg.com/authors/ATR8A0XQZX8/reade-pickert">Reade Pickert</a> and senior executive editor <a href="https://www.bloomberg.com/authors/AFkTJ1toC4E/chris-nagi">Chris Nagi</a> read the tea leaves on where the economy is headed.
Read more: <a href="https://www.bloomberg.com/news/articles/2023-05-01/first-republic-ranks-as-second-largest-ever-us-bank-failure">First Republic Becomes Second-Largest Ever US Bank Failure</a>.
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</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

No, Really. Are We Finally Heading Toward a Recession?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7a7312b6-e9c5-4583-b11d-aff701500dfe/transcript

BIG TAKE DAILY

This week, China’s central bank announced a stimulus package designed to revive the economy, cutting an interest rate and reducing the amount of money banks need to hold in reserve.

But the country’s ongoing drive to upgrade its struggling economy has left millions of people facing job losses or pay cuts, fueling an existential crisis among some of its best and brightest workers. 



On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Lulu Chen about the impact Xi Jinping’s push is having on professionals, from banking to tech, and what this anxiety could mean for the outlook of the world’s second-largest economy. 



Read more: Web Hed for original article + Link
China’s CICC Demotes Senior Bankers, Cuts Pay to Slash Costs

China Unleashes Stimulus Package to Revive Economy, Markets

Further listening:

Why China’s Investment Bankers Are Breaking Up With Capitalism

What Does China’s Economic Slowdown Mean For the Communist Party?

This week, China’s central bank announced a stimulus package designed to revive the economy, cutting an interest rate and reducing the amount of money banks need to hold in reserve. But the country’s ongoing drive to upgrade its struggling economy has left millions of people facing job losses or pay cuts, fueling an existential crisis among some of its best and brightest workers. 
On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Lulu Chen about the impact Xi Jinping’s push is having on professionals, from banking to tech, and what this anxiety could mean for the outlook of the world’s second-largest economy. 
Read more: Web Hed for original article + Link <a href="https://www.bloomberg.com/news/articles/2024-05-06/china-s-cicc-demotes-senior-bankers-cuts-pay-to-slash-costs">China’s CICC Demotes Senior Bankers, Cuts Pay to Slash Costs</a>
<a href="https://www.bloomberg.com/news/articles/2024-09-24/china-frees-banks-to-lend-more-cuts-key-interest-rate">China Unleashes Stimulus Package to Revive Economy, Markets</a> Further listening:
<a href="https://podcasts.apple.com/us/podcast/why-chinas-investment-bankers-are-breaking-up-with/id1746141911?i=1000660955069">Why China’s Investment Bankers Are Breaking Up With Capitalism</a>
<a href="https://podcasts.apple.com/us/podcast/what-does-chinas-economic-slowdown-mean-for-the/id1746141911?i=1000656325543">What Does China’s Economic Slowdown Mean For the Communist Party?</a>

China’s Economic Crackdowns Are Crushing the Dreams of a Generation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/adb8f6d7-1ea6-42dd-9234-b1f80125bd3a/transcript

For the past year, Bloomberg News and Morning Consult have been polling voters in swing states. Former President Donald Trump has had a consistent lead when it comes to the question of who voters trust on the economy. But a new poll of likely voters shows Vice President Kamala Harris closing that gap in key states.

Today, senior editor Wendy Benjaminson joins the Big Take DC to dig into how this polling works and what we can learn from the results.

Read more:  Kamala Harris Holds Razor-Thin Lead Across Swing States in Tight 2024 Race

For the past year, Bloomberg News and Morning Consult have been polling voters in swing states. Former President Donald Trump has had a consistent lead when it comes to the question of who voters trust on the economy. But a new poll of likely voters shows Vice President Kamala Harris closing that gap in key states.
Today, senior editor Wendy Benjaminson joins the Big Take DC to dig into how this polling works and what we can learn from the results.
Read more: <a href="bbg://news/stories/SKG12FDWRGG0" data-web-url="https://www.bloomberg.com/news/features/2024-09-26/harris-holds-thin-lead-over-trump-in-swing-state-poll-election-2024?srnd=bigtake" data-cke-saved-href="bbg://news/stories/SKG12FDWRGG0"> Kamala Harris Holds Razor-Thin Lead Across Swing States in Tight 2024 Race</a>

Harris Gains Edge Over Trump on Economy in New Swing State Poll

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2503d79e-8112-4885-8418-b1f7016a4c67/transcript

Skyrocketing tuition costs, COVID and fewer high school graduates have been straining the survival of smaller American colleges, leading many to shut down. Now, some are joining a surprising new path: mergers and acquisitions. 

Bloomberg reporter Francesca Maglione sits down with Big Take host David Gura to discuss why some colleges are eager to merge with others, and what this new dynamic might mean for the future of higher education. 

Skyrocketing tuition costs, COVID and fewer high school graduates have been straining the survival of smaller American colleges, leading many to shut down. Now, some are joining a surprising new path: mergers and acquisitions. Bloomberg reporter Francesca Maglione sits down with Big Take host David Gura to discuss why some colleges are eager to merge with others, and what this new dynamic might mean for the future of higher education.

Private Equity, But for Dying Universities

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/29567492-fba9-4569-b253-b1f601205fb3/transcript

No, Really. Are We Finally Heading Toward a Recession?

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