In a stunning turn of events, the US and China announced a dramatic reduction in tariffs, which President Trump portrayed as a “total reset” with China. Stocks rose following the news, but what lies ahead once the 90-day reprieve expires remains uncertain.

On today’s Big Take podcast, Bloomberg Treasury reporter Dan Flatley joins host David Gura to discuss the major takeaways from these latest negotiations and what they could mean for the world’s two largest economies.

Read more:
‘Buy America’ Sweeps Across Global Markets After Trade Talks
China Tariff Relief Spurs Shipping Rush, U-Turn on Price Hikes
Nasdaq 100 Enters Bull Market After US-China Truce: Markets Wrap

In a stunning turn of events, the US and China announced a dramatic reduction in tariffs, which President Trump portrayed as a &ldquo;total reset&rdquo; with China. Stocks rose following the news, but what lies ahead once the 90-day reprieve expires remains uncertain.
On today&rsquo;s Big Take podcast, Bloomberg Treasury reporter Dan Flatley joins host David Gura to discuss the major takeaways from these latest negotiations and what they could mean for the world&rsquo;s two largest economies.
Read more:
<ul>
<li><a href="https://www.bloomberg.com/news/articles/2025-05-12/-buy-america-sweeps-across-global-markets-after-china-us-talks?srnd=homepage-americas">&lsquo;Buy America&rsquo; Sweeps Across Global Markets After Trade Talks</a></li>
<li><a href="https://www.bloomberg.com/news/articles/2025-05-12/us-china-trade-deal-has-american-businesses-restarting-operations">China Tariff Relief Spurs Shipping Rush, U-Turn on Price Hikes</a></li>
<li><a href="https://www.bloomberg.com/news/articles/2025-05-11/us-futures-dollar-climb-on-geneva-trade-talks-markets-wrap">Nasdaq 100 Enters Bull Market After US-China Truce: Markets Wrap</a></li>
</ul>

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

Is the US-China Trade War Over?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/392fed8c-eb0d-415d-b0a0-b2db016ee5fe/transcript

Some of the world’s top tennis players will face off at the Wimbledon finals this weekend. The players who make it to Centre Court have already achieved a bigger feat: a career as a tennis player.

On today’s Big Take podcast, Bloomberg’s Hannah Miller and The Athletic’s Matt Futterman break down what sets tennis apart from other sports and the challenges the tournaments and players face to stay profitable.

Further Listening : Rafael Nadal's Retirement Is So Great He Doesn't Miss Tennis

Read more: 


Grand Slam prize money is enormous. The economics of tennis tournaments is complicated


Wimbledon Investors Cash In With VIP Seats Costing Over $500,000


Matt Futterman’s book, The Cruelest Game, is available for pre-order

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Julia Press; Reported by Matt Futterman, Hannah Miller; Edited by Aaron Edwards.

Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Some of the world&rsquo;s top tennis players will face off at the Wimbledon finals this weekend. The players who make it to Centre Court have already achieved a bigger feat: a career as a tennis player.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Hannah Miller and The Athletic&rsquo;s Matt Futterman break down what sets tennis apart from other sports and the challenges the tournaments and players face to stay profitable.
Further Listening : <a href="bbg://news/stories/THQMJ7RKV2TD" data-web-url="https://www.bloomberg.com/news/videos/2026-07-06/the-mental-battle-behind-rafael-nadal-s-22-grand-slams-video" data-cke-saved-href="bbg://news/stories/THQMJ7RKV2TD">Rafael Nadal's Retirement Is So Great He Doesn't Miss Tennis</a>
Read more:&nbsp;
<ul>
<li>
<a href="https://www.nytimes.com/athletic/6043299/2026/01/06/tennis-prize-money-grand-slams-revenue/" data-cke-saved-href="https://www.nytimes.com/athletic/6043299/2026/01/06/tennis-prize-money-grand-slams-revenue/">Grand Slam prize money is enormous. The economics of tennis tournaments is complicated</a>
</li>
<li>
<a href="bbg://news/stories/TGSA94T9NJLV" data-web-url="https://www.bloomberg.com/news/articles/2026-06-23/wimbledon-investors-cash-in-with-vip-seats-costing-over-500-000?srnd=undefined" data-cke-saved-href="bbg://news/stories/TGSA94T9NJLV">Wimbledon Investors Cash In With VIP Seats Costing Over $500,000</a>
</li>
<li>
Matt Futterman&rsquo;s book, <a href="https://www.penguinrandomhouse.com/books/746451/the-cruelest-game-by-matthew-futterman/" data-cke-saved-href="https://www.penguinrandomhouse.com/books/746451/the-cruelest-game-by-matthew-futterman/">The Cruelest Game</a>, is available for pre-order
</li>
</ul>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by David Gura; Produced by Julia Press; Reported by Matt Futterman, Hannah Miller; Edited by Aaron Edwards.
Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Grueling Economics of Tennis

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c79b12db-9065-4f2b-a7b8-b483012a670d/transcript

Maine Democrat Graham Platner’s withdrawal from his US Senate race is ratcheting up an already intense run-up to the US midterm elections. And yet, across the political spectrum, lawmakers in Washington agree that they need to deliver — quickly — on promises of affordability. With broad bipartisan support, they passed the 21st Century ROAD to Housing Act, billed as allowing more Americans to achieve the dream of home ownership.

But the bill’s fate has been thrown into doubt by President Trump, who surprised lawmakers by declining to sign it.

On today’s Big Take podcast, Bloomberg housing policy reporter Katy O’Donnell and Megan Scully, who leads Bloomberg’s Congressional coverage, join Sarah Holder to discuss what’s in the housing bill, how Trump could still steer its fate and what his intervention could mean for Republicans in the midterms.

Read more: 
Would Congress’ New Housing Bill Lower Home Prices?
Trump, GOP Clash After President Scraps Housing Bill Signing

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katy O’Donnell and Megan Scully; Edited by Jeffrey Grocott.

Fact-checking by David Fox and Victor Swezy; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Maine Democrat Graham Platner&rsquo;s withdrawal from his US Senate race is ratcheting up an already intense run-up to the US midterm elections. And yet, across the political spectrum, lawmakers in Washington agree that they need to deliver &mdash; quickly &mdash; on promises of affordability. With broad bipartisan support, they passed the 21st Century ROAD to Housing Act, billed as allowing more Americans to achieve the dream of home ownership.
But the bill&rsquo;s fate has been thrown into doubt by President Trump, who surprised lawmakers by declining to sign it.
On today&rsquo;s Big Take podcast, Bloomberg housing policy reporter Katy O&rsquo;Donnell and Megan Scully, who leads Bloomberg&rsquo;s Congressional coverage, join Sarah Holder to discuss what&rsquo;s in the housing bill, how Trump could still steer its fate and what his intervention could mean for Republicans in the midterms.
Read more:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-06-25/congress-housing-bill-would-it-lower-home-prices?srnd=undefined">Would Congress&rsquo; New Housing Bill Lower Home Prices?</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-06-24/trump-scraps-housing-bill-signing-after-deriding-measure?srnd=undefined">Trump, GOP Clash After President Scraps Housing Bill Signing</a></li>
</ul>
We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katy O&rsquo;Donnell and Megan Scully; Edited by Jeffrey Grocott.
Fact-checking by David Fox and Victor Swezy; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Trump is Protesting His Own Party 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c802470a-1ef2-4afc-820d-b482015e357c/transcript

For two decades, American universities have doubled down on master’s programs, relying on graduate degrees as their financial backbones. Now, the Trump administration’s policies are posing existential threats to that business model.

On today’s Big Take podcast, education reporter Liam Knox joins host Sarah Holder to break down the administration’s three-pronged attack on graduate school and the impact it could have on students, universities and America’s place on the global stage.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Liam Knox; Edited by Tracey Samuelson.

Fact-checking by Victor Swezey; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

For two decades, American universities have doubled down on master&rsquo;s programs, relying on graduate degrees as their financial backbones. Now, the Trump administration&rsquo;s policies are posing existential threats to that business model.
On today&rsquo;s Big Take podcast, education reporter Liam Knox joins host Sarah Holder to break down the administration&rsquo;s three-pronged attack on graduate school and the impact it could have on students, universities and America&rsquo;s place on the global stage.
We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Sarah Holder; Produced by Julia Press; Reported by Liam Knox; Edited by Tracey Samuelson.
Fact-checking by Victor Swezey; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

How Trump Is Bursting the $100 Billion Grad School Bubble

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/edbe0813-e2ce-44ba-bff8-b481010d1152/transcript

Is the US-China Trade War Over?

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