• The Genius Minds Behind the World’s Best Poker Bots
    Sep 20 2024

    Computers have outplayed humans in chess and Go for decades. But poker was long considered unhackable. The game requires not just crunching numbers, but creativity and complex strategy. That only started to change about 10 years ago, when a new generation of unbeatable poker bots began to appear online.

    The makers of the technology remained in the shadows, so Bloomberg’s Kit Chellel set out to find them. On today’s Big Take podcast, he joins David Gura to share the story of how a group of Russian students invented the world’s best online poker bots and what that means for the multi-billion-dollar industry.

    Read more: The Russian Bot Army That Conquered Online Poker

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    14 mins
  • Understanding Kamala Harris’ Plan for the Economy
    Sep 19 2024

    Since Vice President Kamala Harris took over the Democratic presidential ticket, she’s faced criticism from voters who say they don’t know what she stands for. But we know two Bloomberg reporters who do: California bureau chief Karen Breslau, who’s been following Harris’ career for two decades, and Josh Wingrove, who covers her campaign.

    Today on the show, they join host Sarah Holder to discuss what we know about Harris’ economic message and what a Harris presidency could mean for everything from domestic taxes to global trade.

    Further listening: Donald Trump Sits Down With Bloomberg Businessweek

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    14 mins
  • The Fed Cut Interest Rates. Now What?
    Sep 18 2024

    The Federal Reserve announced a highly anticipated rate cut of half a percentage point today — larger than many watchers anticipated. Which industries and companies will feel this interest rate cut the most, and what will it mean for everyday consumers?

    Bloomerg’s Enda Curran joins host Sarah Holder to talk about what effects we can expect to see as the rate cut ripples through the US economy and the world — and hits our wallets.

    Read more: Rent Is the Stubborn Part of the Inflation Story

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    16 mins
  • Carry Trades, Explained
    Sep 17 2024

    They caused global markets to seize up – and raised serious questions about just how much money was at stake. No, we’re not talking about the last Fed meeting, or the US jobs report. We’re talking about carry trades – an obscure part of international markets that this summer suddenly became less obscure.

    On today’s Big Take podcast, our Bloomberg Explains series continues with Bloomberg Opinion columnist Shuli Ren. She tells hosts K. Oanh Ha and David Gura when the yen carry trade began and what went wrong, and we look at what this week's expected interest rate cut in the US could mean for the practice.

    Read more: How Big Is the Yen Carry Trade, Really?

    Further listening: Odd Lots Podcast - Bloomberg

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    17 mins
  • The Fed Finally Seems Ready to Pivot
    Sep 16 2024

    This week, the Federal Reserve is expected to cut interest rates for the first time in over four years. And there’s debate over how big the cut will be and how soon it will impact the economy.

    Bloomberg’s Kate Davidson joins host David Gura to discuss this turning point for the economy, and what else Fed policymakers have in store for the future.

    Read more: Fed Ready to Unshackle US Economy With Soft Landing at Stake

    Further listening: What a September Cut Could Mean for the Economy and the Election

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    15 mins
  • California’s Controversial AI Bill Could Upend the Industry
    Sep 13 2024

    A controversial AI safety bill was just passed by California’s legislature. It’s been spurned by OpenAI and Nancy Pelosi, championed by Elon Musk – and could radically reshape the future of the technology’s development not just in the state, but globally.

    On today’s podcast, host Sarah Holder speaks with California State Senator Scott Wiener, the author of SB 1047, about why he thinks California needs to take a lead in regulating AI. And Bloomberg tech reporter Shirin Ghaffary explains why even if the bill is vetoed by Governor Gavin Newsom, the questions it has raised about AI regulation could be long-lasting.

    See omnystudio.com/listener for privacy information.

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    17 mins
  • Buttigieg on Fixing America’s Travel Woes
    Sep 13 2024

    The year started with the door of an airplane falling off mid-flight. Frustrations with air travel have mounted since then. It’s up to Pete Buttigieg, the Transportation Secretary, to address those problems — which include everything from Boeing’s woes to the shrinking value of airline loyalty points.

    Buttigieg joined the Big Take DC podcast in an exclusive interview to talk about the future of air travel, and his political future after his tenure in the Biden administration ends.

    See omnystudio.com/listener for privacy information.

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    17 mins
  • Harris Trolled Trump. He Took the Bait.
    Sep 11 2024

    In a wide-ranging debate on Tuesday night, Vice President Kamala Harris repeatedly put former President Donald Trump on the defensive. Harris leaned into her past as a prosecutor, needling Trump on issues ranging from immigration to the economy and abortion. He attempted to criticize her record and define her as a radical unfit for the presidency.

    Bloomberg senior editor Wendy Benjaminson and host David Gura unpack the viral moments from the night, analyze the candidates’ performance, and discuss what comes next.

    Read more: How Kamala Harris Baited Trump Into a Debate on Her Terms

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    15 mins