In a stunning political comeback, Donald Trump has been elected the 47th president of the United States. Just before 2:30 on Wednesday morning, he took the stage at his campaign headquarters in Mar-a-Lago, heralding the “greatest political movement of all time” after Vice President Kamala Harris’ path to the Oval Office had all but evaporated.

On today’s Big Take podcast, Bloomberg’s Wendy Benjaminson joins host Sarah Holder to break down how Election Day played out, the surge of the so-called Trump Trade, and what we can expect from a second Trump term.

In a stunning political comeback, Donald Trump has been elected the 47th president of the United States. Just before 2:30 on Wednesday morning, he took the stage at his campaign headquarters in Mar-a-Lago, heralding the “greatest political movement of all time” after Vice President Kamala Harris’ path to the Oval Office had all but evaporated.
On today’s Big Take podcast, Bloomberg’s Wendy Benjaminson joins host Sarah Holder to break down how Election Day played out, the surge of the so-called Trump Trade, and what we can expect from a second Trump term.

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 Wins, Trump Trade Surges

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d3fd04b8-4a41-4488-b25e-b22000c3b1e6/transcript

The US Supreme Court on Friday handed President Donald Trump one of the biggest losses of his second term, striking down his signature tariff plan. On today’s Big Take podcast, Sarah Holder talks to one of the people at the heart of the drama: Rick Woldenberg, the CEO of Learning Resources, a toy company that was a lead plaintiff in the case. And she unpacks the decision and its implications with Supreme Court reporter Greg Stohr and global trade editor Brendan Murray.

The Big Take Asia followed Learning Resources throughout 2025 as it formulated its legal response to the new US tariffs and grappled with the challenges of shifting its supply chain from China to some lower-tariff neighbors. 

To hear more, listen to these Big Take Asia episodes:
Tariffed: The Toymaker That Took on Trump Part One 
Tariffed: The Toymaker That Took on Trump Part Two 
Tariffed: The Toymaker That Took on Trump Part Three
The American Toymaker Suing Trump Over Destructive Tariffs

Hosted by Sarah Holder; Produced by Julia Press and David Fox; Reported by Greg Stohr and Brendan Murray; Edited by Tracey Samuelson.

Fact-checking by Rachael Lewis-Krisky; Engineering by Alex Sugiura.

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

The US Supreme Court on Friday handed President Donald Trump one of the biggest losses of his second term, striking down his signature tariff plan. On today&rsquo;s Big Take podcast, Sarah Holder talks to one of the people at the heart of the drama: Rick Woldenberg, the CEO of Learning Resources, a toy company that was a lead plaintiff in the case. And she unpacks the decision and its implications with Supreme Court reporter Greg Stohr and global trade editor Brendan Murray.
The Big Take Asia followed Learning Resources throughout 2025 as it formulated its legal response to the new US tariffs and grappled with the challenges of shifting its supply chain from China to some lower-tariff neighbors.&nbsp;
To hear more, listen to these Big Take Asia episodes:
<ul>
<li aria-level="1"><a href="https://link.podtrac.com/ixz2auas">Tariffed: The Toymaker That Took on Trump Part One</a>&nbsp;</li>
<li aria-level="1"><a href="https://link.podtrac.com/5gpg2cwb">Tariffed: The Toymaker That Took on Trump Part Two</a>&nbsp;</li>
<li aria-level="1"><a href="https://link.podtrac.com/94txii2w">Tariffed: The Toymaker That Took on Trump Part Three</a></li>
<li aria-level="1"><a href="https://link.podtrac.com/uqdsc0mp">The American Toymaker Suing Trump Over Destructive Tariffs</a></li>
</ul>
Hosted by Sarah Holder; Produced by Julia Press and David Fox; Reported by Greg Stohr and Brendan Murray; Edited by Tracey Samuelson.
Fact-checking by Rachael Lewis-Krisky; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

SCOTUS Strikes Down Trump’s Tariffs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/81e459ae-7da7-4d0b-8703-b3f7016c0323/transcript

In Episode 3 of The Sixth Bureau, a series from The Big Take, we follow a spy from China’s Ministry of State Security to the Paris Air Show, and then watch him develop a valuable source, despite his bosses constantly getting in his way.

The Sixth Bureau from Bloomberg Newsfollows an MSS intelligence officer whose mission was to acquire the crown jewels of American aerospace companies. With aliases, blackmail and the occasional break-in, he targeted corporate giants. That is, until his sloppiness — and a cunning FBI sting — led to a stunning reversal: Xu Yanj un became the first Chinese intelligence officer ever convicted on American soil.

The Sixth Bureau is the story of superpowers, their secrets and how one Chinese spy got caught. Listen to Episode 1 and 2 here. 

In Episode 3 of The Sixth Bureau, a series from The Big Take, we follow a spy from China&rsquo;s Ministry of State Security to the Paris Air Show, and then watch him develop a valuable source, despite his bosses constantly getting in his way.
The Sixth Bureau from Bloomberg News follows an MSS intelligence officer whose mission was to acquire the crown jewels of American aerospace companies. With aliases, blackmail and the occasional break-in, he targeted corporate giants. That is, until his sloppiness &mdash; and a cunning FBI sting &mdash; led to a stunning reversal: Xu Yanj un became the first Chinese intelligence officer ever convicted on American soil.
The Sixth Bureau&nbsp;is the story of superpowers, their secrets and how one Chinese spy got caught. Listen to Episode 1 and 2 <a href="https://www.bloomberg.com/features/the-sixth-bureau/">here</a>.&nbsp;

The Sixth Bureau Episode 3: Suck, Squeeze, Burn, Blow

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/06a4a26c-437b-4b7e-b351-b3f700f6cfed/transcript

The Department of Education has been a target of critics for decades. Republicans in the Oval Office have repeatedly tried to shrink the agency, and in his second term, President Trump has vowed to eliminate it altogether.

On today’s Big Take podcast, Bloomberg education reporter Liam Knox and host David Gura talk through what it takes to gut a congressionally approved federal agency: what’s behind the Trump administration’s ‘creative’ efforts to scale back or move some of the Education Department’s trademark programs and what the shift could mean for students, lawmakers and other federal agencies in the administration’s crosshairs. 

Read more: How to Shred a Federal Agency

Hosted by David Gura; Produced by Julia Press; Reported by Liam Knox; Edited by Tracey Samuelson.

Fact-checking by Editorial team; Engineering by Alex Sugiura.

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

The Department of Education has been a target of critics for decades. Republicans in the Oval Office have repeatedly tried to shrink the agency, and in his second term, President Trump has vowed to eliminate it altogether.
On today&rsquo;s Big Take podcast, Bloomberg education reporter Liam Knox and host David Gura talk through what it takes to gut a congressionally approved federal agency: what&rsquo;s behind the Trump administration&rsquo;s &lsquo;creative&rsquo; efforts to scale back or move some of the Education Department&rsquo;s trademark programs and what the shift could mean for students, lawmakers and other federal agencies in the administration&rsquo;s crosshairs.&nbsp;
Read more:&nbsp;<a href="https://www.bloomberg.com/graphics/2026-how-to-dismantle-education-department/?srnd=undefined">How to Shred a Federal Agency</a>
Hosted by David Gura; Produced by Julia Press; Reported by Liam Knox; Edited by Tracey Samuelson.
Fact-checking by Editorial team; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Trump’s Plan to Dismantle the Department of Education

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ea1308f9-4e17-483b-af58-b3f60129b6b3/transcript

Trump Wins, Trump Trade Surges

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