Big Take

New Yorkers turned out by the thousands on Thursday to celebrate the Knicks’ first NBA Finals victory in 53 years. But Jalen Brunson and co. weren’t the only big winners.

On today’s Big Take podcast, Jason Kelly – host of Bloomberg’s The Deal With Alex Rodriguez and Jason Kelly – and business of sports reporter Randall Williams tell Sarah Holder about the business side of the most-watched NBA finals since 1998, and how the series bolstered the fortunes of everyone from merch sellers and New York bars to, of course, the NBA itself.

Read more: NY Knicks Fans Pay $950 to Hold Spots at Free Parade

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Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky with assistance from Victor Swezey; Reported by Jason Kelly and Randall Williams; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Emma Munger.

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

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The US Federal Reserve left interest rates unchanged in their first meeting under new Chairman Kevin Warsh today. The policy makers were split on whether they expect to raise rates this year, and Warsh himself declined to submit a forecast.

Warsh also held his first, highly anticipated press conference. Bloomberg’s Enda Curran was there and joins host David Gura to talk through big changes at the US Federal Reserve.

Read more: The Fed’s New Dot Plot After Its June Policy Meeting

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 Enda Curran; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Alex Sugiura.

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

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An interim deal to reopen the Strait of Hormuz offers relief, but Asia’s economic woes are far from over. Beyond the chokepoint, the conflict has forced long-lasting shifts in Asia’s food and energy flows.

On today’s Big Take Asia podcast, Oanh Ha joins Odd Lots co-hosts Tracy Alloway and Joe Weisenthal to discuss why Asia is reeling from the conflict and what the “new normal” looks like for global supply chains.

Hosted by Oanh Ha; Produced by Yang Yang; Reported by Tracy Alloway, Joe Weisenthal; Edited by Patrick Hirsch, Julia Weaver.

Fact-checking by Laura Newcombe; Engineering by Taka Yasuzawa.

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

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After nearly four months of fighting, the US and Iran have declared a memorandum of understanding aimed at halting hostilities between the two sides and reopening the Strait of Hormuz. Oil fell and stocks rose on the announcement that the conflict could soon be over, but a lack of details and ongoing fighting between Israel and Iran’s proxies in Lebanon have left many wondering if this is just a temporary reprieve.

On today’s Big Take podcast, Sarah Holder and Bloomberg National Security Editor Nick Wadhams look at what each side wants in a deal, how Israel fits into the equation and what to watch for ahead of the formal signing on June 19 in Switzerland.

Read more: Netanyahu Pays the Political Price for Iran Gambit With Trump

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Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Nick Wadhams; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe, Julia Press and Victor Swezey; Engineering by Alex Sugiura.

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

See omnystudio.com/listener for privacy information.

Almost a century after the Wall Street crash of 1929, Andrew Ross Sorkin says he believes some of its most dangerous ingredients are reappearing. Joining Stephanie Flanders on Trumponomics, the financial journalist and author of 1929: Inside the Greatest Crash in Wall Street History argues that today’s market is filled with “eerie parallels” to the late 1920s. These include a transformative new technology, a flood of retail investors and a growing willingness to loosen the rules.

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SpaceX went public today, with the largest IPO in history. Following months of buildup, shares opened at $150 and were trading at $161.11 at market close.

On today’s Big Take podcast, host David Gura sits down with Bloomberg Tech’s Ed Ludlow to discuss the record-breaking deal and what it means for Elon Musk, everyday investors and other companies on the brink of going public.

This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe.

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

Hosted by David Gura; Produced by Julia Press; Reported by Ed Ludlow; Edited by Paddy Hirsch and Jeffrey Grocott.

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

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

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The 2026 World Cup kicks off today in Mexico City. It’ll be the largest in FIFA’s history, spanning three host countries and 48 competing teams and is expected to generate between $11 and $13 billion.

But the tournament’s expansion comes at the expense of fans navigating a new dynamic pricing model and cities shouldering overhead costs. On today’s Big Take, host David Gura, Bloomberg’s Vanessa Perdomo and economist Andrew Zimbalist track who stands to profit the most from the people’s game.

Read more: The Hidden Cost of the Most Expensive World Cup Ever

Listen more: The "Americanization" of the World Cup - The Deal with Alex Rodriguez and Jason Kelly

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

Hosted by David Gura; Produced by David Fox with help from Rachael Lewis-Krisky and Victor Swezey; Reported by Vanessa Perdomo; Edited by Aaron Edwards.

Fact-checking by Laura Newcombe and Rachael Lewis-Krisky; Engineering by Emma Munger.

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

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Weddings are famously expensive. But with consumer prices on the rise and inflation accelerating at its fastest pace in three years last month, 2026’s newlyweds face exceptionally high prices.

On today’s Big Take podcast, host Sarah Holder and Bloomberg’s Josyana Joshua and Dina Katgara unpack the $100 billion wedding economy: how much nuptials could set you back, why discretionary spending on weddings has remained stable on either end of the K-shaped economy and why witches—yes, witches—are showing up at the altar.

Read more: Brides Are Turning to Etsy Witches for Wedding Weather Spells

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Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky and Laura Newcombe; Reported by Josyana Joshua and Dina Katgara; Edited by Tracey Samuelson.

Fact-checking by Julia Press and David Fox; Engineering by Alex Seguira.

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

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Offshore trading has long given Chinese investors access to global markets — often through legal gray areas. Now, Beijing is stepping in with its biggest crackdown in decades.

On today’s Big Take Asia Podcast, host K. Oanh Ha speaks with Bloomberg’s Lulu Chen about the sweeping restrictions and why Beijing is tightening controls over money leaving the country. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Read more: China Targets Offshore Billions in Biggest Crackdown in Decades

Hosted by K. Oanh Ha; Produced by Naomi Ng, Yang Yang; Reported by Lulu Chen; Edited by Paddy Hirsch.

Fact-checking by Rachael Lewis-Krisky, Laura Newcombe; Engineering by Taka Yasuzawa.

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

See omnystudio.com/listener for privacy information.

The field for 2026 US midterm elections is coming into focus, with key primaries this week in Maine and South Carolina, as well as bellwether state elections in California.

On today’s Big Take podcast, hosts Sarah Holder and David Gura check in with political correspondent Nancy Cook and California reporter Eliyahu Kamisher about what this week’s results — and the next five months — mean for midterm elections with the potential to profoundly shape US politics.

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

Hosted by Sarah Holder and David Gura; Produced by Julia Press; Reported by Nancy Cook and Eliyahu Kamisher; Edited by Jeffrey Grocott.

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

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

See omnystudio.com/listener for privacy information.