After a month of fighting, President Trump took his case for war with Iran to the American people Wednesday night. In a prime-time address that sent energy markets surging, he promised both an imminent end to the conflict and two to three weeks of further intense military strikes.

On today’s Big Take podcast, host Sarah Holder and Bloomberg Washington Correspondent Jeff Mason unpack the president’s brief, often contradictory speech. They discuss how it put investors and key allies on the back foot, what it could mean for the president’s agenda heading into the midterms and where the conflict goes from here.

We are live blogging our coverage of the war with Iran at Bloomberg.com with the latest from across the globe. 

Here’s what else we’re watching today:

Trump Ousts Bondi After Chaotic Tenure at Justice Department

Blue Owl Limits Redemptions on Private Credit Funds After Massive Exit Requests

After a month of fighting, President Trump took his case for war with Iran to the American people Wednesday night. In a prime-time address that sent energy markets surging, he promised both an imminent end to the conflict and two to three weeks of further intense military strikes.
On today&rsquo;s&nbsp;Big Take podcast, host Sarah Holder and Bloomberg Washington Correspondent Jeff Mason unpack the president&rsquo;s brief, often contradictory speech. They discuss how it put investors and key allies on the back foot, what it could mean for the president&rsquo;s agenda heading into the midterms and where the conflict goes from here. We are <a href="https://www.bloomberg.com/news/live-blog/2026-04-02/iran-latest">live blogging</a> our coverage of the war with Iran at Bloomberg.com with the latest from across the globe.&nbsp;
Here&rsquo;s what else we&rsquo;re watching today:
<a href="https://www.bloomberg.com/news/articles/2026-04-02/attorney-general-pam-bondi-was-ousted-trump-tells-fox-news-mnhqbnds?srnd=homepage-americas">Trump Ousts Bondi After Chaotic Tenure at Justice Department</a>
<a href="https://www.bloomberg.com/news/articles/2026-04-02/blue-owl-bdcs-impose-caps-after-facing-41-22-requests-to-exit?srnd=homepage-americas">Blue Owl Limits Redemptions on Private Credit Funds After Massive Exit Requests</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

Trump Made His Case for War With Iran. It Backfired

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/60ccaf28-a6de-425c-ba4b-b420015a4b84/transcript