The auto sector saw buyers race to dealerships after President Trump announced 25% tariffs on car imports and parts from outside the US. And according to new data this week, sales from major automakers appear to be losing steam ahead of Trump’s July 9 tariff deadline. Today on the Big Take, host David Gura sits down with Bloomberg’s Detroit bureau chief David Welch to break down how Trump’s trade war could impact car companies including Tesla, GM and Ford, and what that means for car buyers heading into the summer shopping season. Read more: US Auto Sales Lose Steam After Tariff-Induced Shopping SpreeSee omnystudio.com/listener for privacy information.
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Cruises Are So Back — And Straining Port Cities
The cruise industry is an outlier right now. Even as US summer travel is down, cruise companies are setting sail with record numbers of passengers this year. But as the industry tries to keep up with this demand, it’s facing growing pains in the port cities it relies on most. On today’s Big Take podcast, Bloomberg reporter Redd Brown travels to Galveston, Texas — a port city that’s at the center of the industry’s ambitious expansion plans, and that is wrestling with the challenges that opportunity brings. Read more: Why Two Million Tourists Are Boarding Cruise Ships on a Texas IslandSee omnystudio.com/listener for privacy information.
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Zohran Mamdani, the Socialist Who Could Be NYC's New Mayor
This week, Zohran Mamdani won the first round of the Democratic primary for mayor of New York City, making him the presumptive party nominee and the early favorite to win November's general election. Endorsed by the Democratic Socialists of America, he's proposing rent freezes, universal childcare, higher taxes on corporations and the wealthy, free buses, and city-run grocery stores.On today’s Big Take podcast, we’re featuring an interview Mamdani did with Joe Weisenthal and Tracy Alloway for the Odd Lots podcast a few weeks ago.See omnystudio.com/listener for privacy information.
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For $10 Billion Dollars, the Lakers' Buss Family Steps Off the Court
Late last week, the Buss family, longtime owners of the Los Angeles Lakers, announced that they would sell the franchise for a record-breaking $10 billion valuation. On today’s Big Take podcast, host David Gura and Bloomberg’s sports business reporter Randall Williams break down what we know about the deal so far and discuss why America’s wealthiest families seem to be getting out of the game. Read more: Los Angeles Lakers Confirms Majority Stake Sale to Mark Walter See omnystudio.com/listener for privacy information.
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Gap's Quest to Stay Cool Just Hit Its Latest Roadblock: Tariffs
At the start of 2025, Gap was cool again. The legacy American brand had started to turn around sales and rebuild its image. It was in the middle of a splashy ad campaign with the actress Parker Posey. Influencers were posting its clothes online. But then President Trump announced his “Liberation Day” tariffs. On today’s Big Take podcast, Bloomberg reporters Amanda Mull and Lily Meier walk host Sarah Holder through Gap’s history, its recent re-invention and the challenges it faces now. Plus, we hear from Richard Dickson himself. Read more: Inside Gap’s Last-Ditch, Tariff-Addled Turnaround PushSee omnystudio.com/listener for privacy information.
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.
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