Big Take

Jenni Marsh, Bloomberg China economy editor in Hong Kong, and Brendan Murray, Bloomberg trade editor in London, discuss the global fallout from Trump’s tariff reversal. They cover which countries stand to gain, who faces negotiation headaches, shifting supply chains, and the geopolitical stakes ahead. Multiple short, punchy takes on trade leverage, market reactions, and looming diplomatic consequences.

Brendan Murray, Bloomberg global trade editor, explains market and policy fallout of the Supreme Court ruling. Greg Stohr, Bloomberg Supreme Court reporter, breaks down the legal reasoning that curbed presidential tariff powers. Rick Woldenberg, CEO of Learning Resources and lead plaintiff, recounts his company’s legal fight and supply-chain shifts. They discuss refunds, alternative authorities, and political and economic consequences.

A spy infiltrates the Paris Air Show to target cutting-edge jet engine secrets. The story follows covert surveillance, lavish gifts and recruitment tactics using LinkedIn and academic covers. Tension builds as a source is developed and an FBI sting prepares for a dramatic showdown.

Liam Knox, Bloomberg education reporter who covers U.S. education policy, offers on-the-ground reporting and analysis. He outlines a three-step plan to shrink the Education Department. He walks through program transfers, staffing shakeups, legal and operational risks. He connects the playbook to broader efforts that could reshape other federal agencies.

Zainab Fattah, a Bloomberg business and economics reporter on Middle East markets, explains Mecca’s sudden construction boom. She covers new rules letting Muslims buy property, skyrocketing prices near the Grand Mosque, and worries about affordability for pilgrims. She also discusses Saudi infrastructure, Vision 2030’s economic pivot, and how foreign states and funds are snapping up real estate.

Casey Schurler, a fifth-generation Oklahoma cattle rancher running ReFarm, reflects on family ranching under high costs and a shrinking herd. Enda Curran, a Bloomberg commodities reporter, breaks down rising beef prices and supply-chain pressures. They discuss herd declines, drought and disease, production and processing strains, and policy moves like imports and antitrust probes.

Bradley Hall, the FBI lead investigator on the Xu Yanjun case, walks through how a spy’s intimate online diary exposed clandestine operations. He describes diary entries mixing personal life, gambling, and meticulous work logs. The conversation covers recorded recruitment tactics, a four-level source taxonomy, targeted industrial espionage, and methods used to recruit and exploit Western experts.

A covert FBI sting unravels a Chinese intelligence operation aimed at stealing aerospace secrets. Undercover meetings, secure phones and a chilling 'friend from Nanjing' code reveal tradecraft. Terabytes of seized material offer a rare peek into how an intelligence agency targets jet engine technology and global rivals.

Darrick Hamilton, economist who proposed federal baby bonds, and Ben Steverman, Bloomberg reporter on economic policy, unpack the new Trump Accounts. They explain how the accounts are seeded, who can enroll, investment options and tax rules. Conversation covers origins versus baby bonds, who stands to benefit, philanthropy and employer roles, and political messaging around the program.

Molly Smith, Bloomberg U.S. economy editor who analyzes labor-market data, breaks down January’s surprisingly strong jobs print and why annual revisions rewrote 2025 hiring. She explains sector winners like health care, reconciles big tech layoffs with aggregate data, and teases how payrolls, GDP, wages and Fed policy all interact.