All year, the jobs market, consumer sentiment, AI and inflation flashed warning signs about the economy — but 2025 managed to avoid a recession.

On today’s Big Take podcast, host Sarah Holder talks with Bloomberg’s Stacey Vanek Smith and Moody’s Analytics Mark Zandi to understand what this year’s wonky economy can tell us as we head into 2026 and what to watch for in the new year.

Read more: US Recession Risk Is Receding as We Move Into 2026

All year, the jobs market, consumer sentiment, AI and inflation flashed warning signs about the economy &mdash; but 2025 managed to avoid a recession.
On today&rsquo;s Big Take podcast, host Sarah Holder talks with Bloomberg&rsquo;s Stacey Vanek Smith and Moody&rsquo;s Analytics Mark Zandi to understand what this year&rsquo;s wonky economy can tell us as we head into 2026 and what to watch for in the new year.
Read more: <a href="https://www.bloomberg.com/features/2025-us-recession-risk/?srnd=undefined">US Recession Risk Is Receding as We Move Into 2026</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

Wait, Weren’t We Supposed to Have a Recession in 2025?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/647dce89-8e16-49f3-ab9c-b3b4016ad18d/transcript

Weeks of student-led protests forced the resignation of India’s education minister, in a rare public setback for Prime Minister Narendra Modi.

On today’s Big Take Asia podcast, guest host Rebecca Choong Wilkins and Bloomberg reporter Atul Dev discuss how India’s cockroach movement grew from a satirical online joke into a powerful anti-Modi protest and why its economic grievances resonate so deeply among young Indians at this moment.

Read more: Awakened Indian Students Hand Modi One of His Biggest Setbacks
India Youth Protests End as Modi Bows to Group’s Demands

Hosted by Rebecca Choong Wilkins; Produced by Naomi Ng; Reported by Atul Dev; Edited by Jeffrey Grocott, Paddy Hirsch and Julia Weaver. 

Fact-checking by Rachael Lewis-Krisky and Julia Press; Engineering by Taka Yasuzawa, Alex Sugiura, Emma Munger

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

Weeks of student-led protests forced the resignation of India&rsquo;s education minister, in a rare public setback for Prime Minister Narendra Modi.
On today&rsquo;s Big Take Asia podcast, guest host Rebecca Choong Wilkins and Bloomberg reporter Atul Dev discuss how India&rsquo;s cockroach movement grew from a satirical online joke into a powerful anti-Modi protest and why its economic grievances resonate so deeply among young Indians at this moment.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-07-26/modi-punctured-as-awakened-india-students-force-swift-retreat">Awakened Indian Students Hand Modi One of His Biggest Setbacks </a><a href="https://www.bloomberg.com/news/articles/2026-07-25/india-education-minister-pradhan-resigns-after-student-protests">India Youth Protests End as Modi Bows to Group&rsquo;s Demands</a>
Hosted by Rebecca Choong Wilkins; Produced by Naomi Ng; Reported by Atul Dev; Edited by Jeffrey Grocott, Paddy Hirsch and Julia Weaver.&nbsp;
Fact-checking by Rachael Lewis-Krisky and Julia Press; Engineering by Taka Yasuzawa, Alex Sugiura, Emma Munger
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

How India’s Cockroach Party Became a Political Force

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ad718afe-2ca5-4bd2-84cf-b495013bcf62/transcript

As President Trump paused strikes on Iran over the weekend, he ratcheted up pressure on another front: his renewed trade war.

On Friday, the US president imposed levies of 10 or 12.5% on 60 economies, the first in many steps to rebuild the tariff wall destroyed when the Supreme Court overturned Trump’s IEEPA tariffs in February.

On today’s Big Take podcast, Bloomberg’s global trade editor Brendan Murray sits down with host David Gura to break down the latest tariffs, what they reveal about the administration’s new strategy and whether they’ll hold up in court.

Read more:
Trump Rebuilds Tariffs With New Levies on 60 Economies
How Trump’s Section 301 Tariffs Are Being Challenged in Court

Watch more:

US Trade Rep. Greer on China Relations and Section 301 Tariffs

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

Hosted by David Gura; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Brendan Murray; Edited by Nicole Beemsterboer. Fact-checking by Rachael Lewis-Krisky; Engineering by Emma Munger.

As President Trump paused strikes on Iran over the weekend, he ratcheted up pressure on another front: his renewed trade war.
On Friday, the US president imposed levies of 10 or 12.5% on 60 economies, the first in many steps to rebuild the tariff wall destroyed when the Supreme Court overturned Trump&rsquo;s IEEPA tariffs in February.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s global trade editor Brendan Murray sits down with host David Gura to break down the latest tariffs, what they reveal about the administration&rsquo;s new strategy and whether they&rsquo;ll hold up in court.
Read more:
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-07-23/us-sets-new-forced-labor-duties-as-trump-resurrects-tariff-wall?srnd=homepage-uk">Trump Rebuilds Tariffs With New Levies on 60 Economies</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-07-26/trump-s-section-301-tariffs-how-they-re-being-challenged-in-court">How Trump&rsquo;s Section 301 Tariffs Are Being Challenged in Court</a></li>
</ul>
Watch more:
<a href="https://www.bloomberg.com/news/videos/2026-07-16/us-trade-rep-greer-on-global-trade-section-301-tariffs-video">US Trade Rep. Greer on China Relations and Section 301 Tariffs</a>
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 and Rachael Lewis-Krisky; Reported by Brendan Murray; Edited by Nicole Beemsterboer. Fact-checking by Rachael Lewis-Krisky; Engineering by Emma Munger.

Trump Rebuilds His Tariff Wall, Brick by Brick

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/35bf4e75-7261-4b59-8028-b494012c7ea6/transcript

As wealth becomes increasingly concentrated — and artificial intelligence threatens to shift even more income from workers to investors — has the US tax system become outdated? On this Weekend Listen, Trumponomics' Stephanie Flanders speaks with Harvard professor Jason Furman, a former economic adviser to President Barack Obama, and Bloomberg reporter Caitlin Reilly about wealth taxes, capital gains, inheritance and whether taxing America's richest is politically or constitutionally possible.

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

As wealth becomes increasingly concentrated &mdash; and artificial intelligence threatens to shift even more income from workers to investors &mdash; has the US tax system become outdated? On this Weekend Listen, Trumponomics' Stephanie Flanders speaks with Harvard professor Jason Furman, a former economic adviser to President Barack Obama, and Bloomberg reporter Caitlin Reilly about wealth taxes, capital gains, inheritance and whether taxing America's richest is politically or constitutionally possible.
We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>

Weekend Listen: Can the US Actually Tax Billionaires?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/82b681f4-1674-4266-ba0d-b49101122889/transcript

Wait, Weren’t We Supposed to Have a Recession in 2025?

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