After a rare double downgrade warning from MSCI, Indonesia suffered its worst stock rout in nearly 30 years. On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg Indonesia bureau chief Ben Otto about what dropping Southeast Asia’s largest economy from key global benchmarks would mean for investors and what Jakarta can do to avert the crisis. Read more: What Happens If Indonesia Is Removed From MSCI’s Global Indexes?Further listening: Indonesia’s $15 Billion Free Lunch Experiment Host: K. Oanh Ha; Guest: Ben Otto; Produced by Naomi Ng; Edited by Crispina Robert and Nicole Beemsterboer; Engineering by Greg Tock.See omnystudio.com/listener for privacy information.

Grand Theft Auto VI is expected to set new records for the video game industry. But will potential billion-dollar sales of the title buoy an entire industry facing years of layoffs and lower returns on investment?On today’s Big Take podcast, Bloomberg’s Jason Schreier takes us inside the making of GTA VI and breaks down the financial stakes of one of the biggest entertainment releases of all time. Read more: The Making of Grand Theft Auto VI We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guest: Jason Schreier; Produced by Julia Press; Edited by Aaron Edwards; Engineering by Sean Carter.See omnystudio.com/listener for privacy information.

Ahead of the Federal Reserve’s decision to hold rates steady this week, host Sarah Holder sat down with author and economic commentator Kyla Scanlon to talk about who’s continuing to spend and borrow, who isn’t and what happens when consumer spending doesn’t equal consumer confidence.  Read more:  Voters’ Inflation Frustrations Take Shine Off Strong Economic Growth Kyla’s Newsletter: The Shrugflation Triangle: How AI, Oil, and Treasuries are Impacting the Economy  We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guest: Kyla Scanlon; Produced by David Fox; Edited by Tracey Samuelson and Patrick Hirsch; Engineering by Emma Munger.See omnystudio.com/listener for privacy information.

Republicans in Texas, hoping to lock in more seats in Congress, kicked off a redistricting frenzy that saw several other states redraw their congressional maps. Today on the show, host David Gura sits down with Bloomberg Texas Bureau Chief Julie Fine and Senior White House reporter Josh Wingrove to talk through why that gamble may not pay off. Read more: Trump Calls for Peltola to Be Banned From Alaska Senate Race Joe Rogan’s Microphone Goes Quieter on Trump Ahead of Midterms Economic Pain Turns Nebraska Into Unexpected Senate Battleground We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: David Gura; Guests: Julie Fine and Josh Wingrove; Produced by David Fox; Edited by Nicole Beemsterboer and Naomi Shavin; Engineering by Sean Carter.See omnystudio.com/listener for privacy information.

Anthropic’s initial public offering, set for November, will be the first by a company whose primary focus is developing frontier AI models. It could surpass SpaceX’s recent IPO as the biggest on record. And it’s risky. In 94 pages, the company laid out how its plans could be knocked off course by regulation, energy costs, climate change — or catastrophic risks to humanity caused by its own models. In today’s episode, host Sarah Holder, Bloomberg Opinion columnist Dave Lee and Michael Regan, managing editor for US equities, talk about why the company is leaning into its risk prospectus, what a successful IPO would mean for competitors and markets and how much is riding on next week’s US midterm elections. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guests: Dave Lee, Michael Regan; Produced by David Fox; Edited by Jeffrey Grocott; Engineering by Sean Carter.See omnystudio.com/listener for privacy information.

France is caught between two powerful forces: protesters demanding that the government protect public services and social benefits and a bond market that can’t stomach the idea of France’s deficit getting any larger. But the fight over France’s budget is also reviving a longstanding debate at the heart of the euro zone: How much control does a country really have over its economic future when it shares a currency with its neighbors? On today’s Big Take podcast, Bloomberg’s John Stepek joins host Sarah Holder to discuss the competing forces shaping France’s financial future — and what’s at stake for the rest of Europe. Read more: A Turning Point for France Looks a Long Way Off A French Accident Waiting to Happen French Bond Risk Falls Most Since 2020 as Downgrade Avoided Further Listening:  French Bond Markets and AI Neoclouds Feel The Pressure We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guest: John Stepek; Produced by Julia Press and Naomi Shavin; Edited by Tracey Samuelson; Engineering by Emma Munger.See omnystudio.com/listener for privacy information.

India’s “Cockroach” protests have returned to the streets of Delhi, and just as the country faces intensifying challenges from abroad, including fallout from the Iran war and tensions with the US, China and Pakistan. In a conversation on the sidelines of Bloomberg’s New Economy Forum in New Delhi last week, Suhasini Haidar, diplomatic editor for The Hindu, sat down with The Mishal Husain Show to unpack India’s shifting place in the world and Gen Z discontent at home.See omnystudio.com/listener for privacy information.

For the first time since the Oct. 7 attacks, Israelis are headed to the polls. The race is seen as a referendum on Prime Minister Benjamin Netanyahu, who is neck-and-neck with opponent Gadi Eisenkot in the latest polls.  On today’s Big Take podcast, Bloomberg’s Dan Williams examines the existential questions this election has raised: Will Israelis choose a post-Netanyahu future? And if they do, what would it mean for Israel and for the Palestinian territories? Read more: Win or Lose, Netanyahu Has Reshaped Israeli Politics in His Image Trump’s Endorsement of Netanyahu Falls Flat With Israeli Voters We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.See omnystudio.com/listener for privacy information.

Tesla disclosed this week that it had fallen short of its targets for AI infrastructure spending. Investors didn’t like that. Meta revealed its plans to lay out more than $800 billion on AI infrastructure over the next decade. Investors didn’t like that, either. On today’s Big Take podcast, why all eyes are on AI spending plans — and which US tech giants’ earnings to watch. Host Sarah Holder is joined by Michael Regan, managing editor for US equities, and Sarah Frier, managing editor for big tech, AI and startups. Read more:  Meta Credit Risk Gauge Surges to Record on AI Spending Plans Meta Falls After Boosting Spending Plans for AI Bet Tesla’s Lowered Capex Plan Fuels Doubt on AI, Robotics Goals We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: Sarah Holder; Guests: Sarah Frier and Michael Regan; Produced by David Fox; Edited by Jeffrey Grocott; Engineering by Emma Munger.See omnystudio.com/listener for privacy information.

Amid the news that Elon Musk wants to merge Tesla and SpaceX, he has given $445 million to political races in the US midterms. That makes him one of the biggest-ever contributors in US history.  On today’s Big Take podcast, host David Gura talks to Dana Hull, who covers Musk, and campaign finance reporter Bill Allison, about the impact that money could have on some of the closest races, like the Texas Senate race. Read more: Musk Giving Tops $445 Million in Midterm Election Push for GOP Musk Pours $158 Million Into GOP Super PAC for Texas Senate RaceSpaceX, Tesla Boards Study Possible $3.5 Trillion Merger We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Host: David Gura; Guests: Dana Hull, Bill Allison; Produced by Julia Press, David Fox, Julia Weaver; Edited by Naomi Shavin; Engineering by Sean Carter.See omnystudio.com/listener for privacy information.