January 16, 2025 • 14 mins
Scott Bessent is President-Elect Trump’s pick to be the treasury secretary, a role that spans oversight of the $28 trillion market for US government debt to economic sanctions.
Today on the show, Big Take DC’s Saleha Mohsin joins host David Gura to discuss the tightrope act that landed Bessent the nomination: winning over both MAGA and Wall Street.
Read more: How Scott Bessent Won Over MAGA and Wall Street
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news. This week, confirmation hearings
began for President elect Donald Trump's cabinet nominees.
Speaker 2 (00:15):
This hearing will come to order, and.
Speaker 1 (00:17):
On Thursday, Wall Street paid close attention to one of them,
in particular, the Senate Finance Committee's hearing with Scott Bessant,
the hedge fund manager who's in line to run the
US Treasury Department.
Speaker 2 (00:28):
It's an honor and a privilege to be considered by
this committee as the President's nominee for the Secretary of
the Treasury.
Speaker 1 (00:35):
In his opening remarks, Besson outlined the vision he has
for his role in Trump's administration.
Speaker 2 (00:41):
We must secure supply chains that are vulnerable to strategic competitors,
and we must carefully deploy sanctions as part of a
whole of government approach to address our national security requirements.
And critically critically, we must ensure that the US dollar
remains the world's reserve currency.
Speaker 1 (01:01):
Besson also spoke about extending Donald Trump's twenty seventeen tax cuts,
and this.
Speaker 2 (01:07):
Is the single most important economic issue of the day.
This is pass fail.
Speaker 1 (01:13):
With Besson's confirmation by a Republican controlled Senate all but
assured the focus now shifts to what he'd do as
Treasury Secretary. It's a job that entails everything from oversight
of the twenty eight trillion dollar market for US government
debt to imposing economic sanctions. From Bloomberg News, this is
(01:37):
the Big Take. I'm David Gurra today on the show.
Seleiah Mosen, a senior Washington correspondent and the host of
The Big Take, DC, joins me to talk about how
Scott Besson went from being a relative unknown to someone
poised to hold one of the most powerful jobs in
global economics. Heyce Leah, good to talk to you.
Speaker 3 (02:00):
Hey, David.
Speaker 1 (02:00):
So, Donald Trump nominated Scott Beson to be his Treasury
sectory back in November. Here we are on the day
of his confirmation hearing on Capitol Hill. What has been
going on behind the scenes, both in Washington and in
South Florida at mar A Lago in advance of this
confirmation hearing today?
Speaker 3 (02:15):
Well, Bessint has been spending his time vetting candidates for
a lot of Senate confirmed positions inside the Treasure Department.
He has a goal, as we've reported in Bloomberg, that
he wants to return the Treasure Department personnel to a
group of people who are very market savvy and no
markets really really well, because every couple of years there's
(02:37):
an unexpected hiccup in markets, and that's when you need
people who have experienced day to day in the plumbing
of the global financial system. And that's a little bit
of a ding at the Yellen Department. Both Republicans and Democrats,
including people inside of Yellen's Treasure Department who have previously
worked there, have said that Yellen's Treasury has been a
(02:58):
lot of PhD economists without enough emphasis on personnel with
market intuition and knowledge.
Speaker 1 (03:05):
I think Scott Besens is becoming more of a household name.
I think it's safe to say he wasn't one before
all of this. How has he gotten to this point
in time? What steps did he have to take from
going from somebody who, yes, might be well known in
some corners of Wall Street to someone who's the all
but confirmed Treasury Secretary.
Speaker 3 (03:22):
This is a great story, actually, David So our colleague
Josh Green and I dug into this for our story
on Bessent this week about how he went from having
hosted a fundraiser for al Gore then in twenty sixteen,
when Trump was running his first presidential bid. He did
not align himself publicly with Trump, but once Trump won,
(03:45):
he did donate a million dollars to Trump's inaugural committee,
so just showing that, okay, he was a little Trump
curious at that time. And what we discovered was that
after Steve Bannon left the White House in the early
part of the first term for Trump, Bannon met Vessont
at a investor conference in Hong Kong, and they met
(04:08):
and they ended up sitting together over lunch and had
this long four hour conversation where according to Bannon, Vessent
wasn't looking for access, which is usually what people are
looking for, but really he just wanted to understand from
an investor perspective, what are Trump's populist economic policies. And
since then they apparently stayed in close touch. And it
(04:30):
wasn't until after COVID, after Biden was in for a
little bit that Besant started to reach out and forge
deeper relationships or new relationships with key advisors close to
Trump and really start building a profile. And he's known
the Trump family for thirty years. He knew Trump's brother
and even went to his funeral years ago, and so
(04:52):
he was a familiar face, and it was through Don Junior,
who he knew a little bit better, that he was
able to get a meeting with Trump at some point.
And then he started to write these notes for his
hedge fund clients about the Trump rally and how stock
markets really think or want Trump to win, and that
got to Trump, and you would hear by the spring
(05:14):
of twenty twenty four, Trump saying things like and how
about that Scott Besson He's so smart? Markets really like him,
and he started name checking him, and that's it was
spring of twenty twenty four that Bloomberg reported that Bessett
was in the mix with a couple of other people
for treasure secretary if Trump wins. And so you just
slowly saw Bessant out in the media writing op eds,
doing TV hits, but also privately helping Trump write his
(05:37):
economic policy speeches, trying to think outside the box and
serve the president's populist agenda.
Speaker 1 (05:45):
Scott Bessett has done something remarkable, and I want you
to explain how he's been able to do it, and
that is he's ingratiated himself to present elect He's become
his pick to lead the Treasury Department. That comes with
all kinds of speculation about how erratic that might be,
what what his life is going to be like if
he's confirmed for this job, as it seems he will be.
And all the while, he has instilled in Wall Street
(06:06):
this sense of confidence that because he's worked at a
hedge fund, because he has the background that he has,
he's going to perhaps cast some stability on this administration.
How has he done that?
Speaker 3 (06:16):
Yeah, it's a tightrope walk that he has done so far,
and he has a long way to go to maintain
all of this. He seems to really understand Trump's economic
agenda and adhere to it. He does not come from
a traditional part of Wall Street that has made most
Treasure secretaries who have landed. You know men who have
landed in that job, if they come from Wall Street,
(06:38):
they come from Goldman and I'm talking about Bob Ruben,
Hank Pulsen, and Stephen Mnush. But Bessett has really deep
knowledge of how markets function. He has traded, he's run
a hedge fund, He worked for George Soros. He was
a participant when George Soros famed Miss Lee broke the
(07:01):
pound in the nineties when he made this huge bet
that government policy was not painting out well and it
was damaging to the pound, and he basically shorted the
pound and Bessett was part of that. And so that
goes to show how well read he is in currency policy,
how the interaction between government economic policy and currencies, where
(07:22):
that meets, and so you can see that he really
has spent a lot of time at that intersection between
government economic policy and markets.
Speaker 1 (07:32):
So, Leah, I know your focus over these last couple
of months has been on what he would do with
the department if he's confirmed. Do we know now well
how he would approach this role and does his vision
for that, his vision for what a teratie secretary should do,
does that match up with what the president elect thinks
a treasury secretary should do?
Speaker 3 (07:50):
You know, I do think that it matches up. But
as usual with Trump and the way that he governs,
it's a very tight needle to thread.
Speaker 2 (07:59):
Usually.
Speaker 3 (07:59):
I think about the example of Stephen Mnushan, who was
Trump's treasure secretary all four years in the first term.
Now he lasted all four years. There was such high turnover,
and Mnusian was able to do that through selective silences.
You know, if policy decisions did not go the way
that he thought they should, he would just kind of
go quiet and not show up on Fox News or
(08:20):
CNBC to talk about the policies. But he would never
publicly break from the president. So Mnushan really understood that
that this is the president's administration. He is my boss,
and that is going to be the key to best
and success. Now the interesting part will be when or
if Trump makes a decision and it doesn't jibe with
(08:40):
what markets want, and markets tank. Anyone market tanks, and
with Trump, he really cares about what stock markets think
of his policies. Now a lot of presidents do. Bill
Clinton famously did in the nineties. I'm actually bond markets
were able to trigger a change in Clinton's economic agenda,
and that could happen with Trump and has happened. He
(09:02):
kind of tests to see what is the market reaction
to one idea or another. But he also does have
a little bit of a steel stomach to weather some
of that storm. So it's going to be really difficult.
I think that's going to be one of Besson's challenges
is how to maintain calm that Trump wants that market
wants that Besnt wants that calm in markets while also
carrying out a sometimes wild policymaking regime.
Speaker 1 (09:29):
Coming up after the break, the headwinds that Bessent could
face during a second Trump administration. That's next. I'm talking
with Seleiah Mosen, host of The Big Take DC, about
Scott Bessant, who spent several hours on Thursday on Capitol
(09:52):
Hill in a confirmation hearing he's President Elect Donald Trump's
pick to be the next Secretary of the Treasury. When
you look at what Scott Besant hopes to accomplish in
this job, what are the challenges that he faces to
implementing those policy priorities implementing the policy priorities of the
president elect.
Speaker 3 (10:08):
The biggest challenge will be Trump and Trump's style of
like sort of shooting from the hip. When he wants
to make policy, he'll just tweet or post something on
truth social and Bessett may or may not know that's coming.
The example that I think of is in twenty seventeen,
I was standing outside of the Treasure Department. All the
Treasury officials are there, and it was we were all
kind of hanging out because the President was going to
(10:29):
walk the one hundred and fifty yards between the two
buildings to come and visit Stephen Mnushan at the building
and Secret Services marching through, the dogs, the guns, everyone's
marching through. And there was a tweet I think that
Trump said, well, there's going to be a report that
Mnusi and his team are going to put out on
what our tax policy plan is going to be, and
(10:51):
they had no idea. I was standing next to a
senior Treasury official and I showed him the story, and
he raises eyebrows and leans over to his colleague and
was like, we have to put a plan together. So
that's the kind of thing that's going to happen.
Speaker 1 (11:04):
He has prioritized getting this country's fiscal house in order.
That's going to run headlong into some of the policy
priorities of the President lact namely extending these tax cuts
that expire soon.
Speaker 3 (11:16):
Yeah, we are seeing a lot of signs that markets
are interested in Washington reigning in budget deficits, and globally,
you know, deficits are really high, and so it's a
global problem. But the US is the world's largest economy
and the owner of the world's all the safe haven
assets like treasuries and the dollar, and so it has
(11:37):
a bit more impact and influence on how things shake out.
And so we are seeing that bond yields are testing limits,
psychological limits, and part of the complex calculus of why
that is happening includes concern about the country's fiscal trajectory.
Now this is an age old thing in Washington. For decades,
(11:58):
people talk about, yes, it's important cut the deficit. In
when Democrats have the White House and all of Congress,
nothing happens, and when Republicans have White House and all
of Congress, nothing happens. The only way that historically that
we've seen Washington pay attention to that problem is when
markets throw a tantrum, and that happened in the nineteen nineties,
and we may be seeing it happen again. And so
(12:20):
Bessant has spoken about that publicly throughout twenty twenty four,
about the importance of addressing the budget deficit problem, and
he is We expect him to actually continue something from
the first Trump term that then the Biden administration adopted,
and that is bringing economic policy and national security, tying
(12:40):
those closely together. And that might be one way into
making sure the deficit problem is solved because it's a
matter of national security to make sure that the global
financial system and US markets function well.
Speaker 1 (12:54):
You mentioned you spoke with other people who know Scott
Besson and how he works. What do they say about
if he's going to succeed here, if he's going to
be able to toe this fine line, walk that tightrope,
as you said, between exuding calm, pleasing Wall Street, and
also pleasing this president.
Speaker 3 (13:09):
The expectation is that Besant will be able to navigate it.
There are always trip ups, and as reporters, we all
love to write about those. There's always a moment where
any treasure secretary, from Bob Rubin to Tim Geitner to
Hank Paulson, you name it, Steven Mnush and Janet Allen,
there's a moment where their words, because they can move markets,
(13:31):
they matter so much, and each nuance and the phrasing
matters so much that they trip up and markets move
when they weren't supposed to, and those little trip ups
will happen. I think the best thing to do is
to look at a secretary or any policymaker's entire tenure
to see how they did, rather than just isolating one
or two cases. So far as signs point to Bessant
(13:54):
being a stable hand the way Steven Mnush was.
Speaker 1 (13:57):
But let's see Kaliah. Thank you absolutely. This is the
Big Take from Bloomberg News. I'm David Gura. This episode
was produced by Alex tie. It was edited by Aaron
Edwards and Chris Ansi. It was fact checked by Adriana Tapia.
(14:17):
Mixed and sound designed by Alex Segura. Our senior producer
is Naomi Shaven. Our senior editor is Elizabeth Ponso. Our
executive producer is Nicole Beamster borg Sage Bauman is Bloomberg's
head of podcasts. If you liked this episode, make sure
to subscribe and review The Big Take wherever you listen
to podcasts. It helps people find the show. Thanks for listening.
We'll be back tomorrow
Bloomberg Audio Studios, podcasts, radio news. This week, confirmation hearings
began for President elect Donald Trump's cabinet nominees.
Speaker 2 (00:15):
This hearing will come to order, and.
Speaker 1 (00:17):
On Thursday, Wall Street paid close attention to one of them,
in particular, the Senate Finance Committee's hearing with Scott Bessant,
the hedge fund manager who's in line to run the
US Treasury Department.
Speaker 2 (00:28):
It's an honor and a privilege to be considered by
this committee as the President's nominee for the Secretary of
the Treasury.
Speaker 1 (00:35):
In his opening remarks, Besson outlined the vision he has
for his role in Trump's administration.
Speaker 2 (00:41):
We must secure supply chains that are vulnerable to strategic competitors,
and we must carefully deploy sanctions as part of a
whole of government approach to address our national security requirements.
And critically critically, we must ensure that the US dollar
remains the world's reserve currency.
Speaker 1 (01:01):
Besson also spoke about extending Donald Trump's twenty seventeen tax cuts,
and this.
Speaker 2 (01:07):
Is the single most important economic issue of the day.
This is pass fail.
Speaker 1 (01:13):
With Besson's confirmation by a Republican controlled Senate all but
assured the focus now shifts to what he'd do as
Treasury Secretary. It's a job that entails everything from oversight
of the twenty eight trillion dollar market for US government
debt to imposing economic sanctions. From Bloomberg News, this is
(01:37):
the Big Take. I'm David Gurra today on the show.
Seleiah Mosen, a senior Washington correspondent and the host of
The Big Take, DC, joins me to talk about how
Scott Besson went from being a relative unknown to someone
poised to hold one of the most powerful jobs in
global economics. Heyce Leah, good to talk to you.
Speaker 3 (02:00):
Hey, David.
Speaker 1 (02:00):
So, Donald Trump nominated Scott Beson to be his Treasury
sectory back in November. Here we are on the day
of his confirmation hearing on Capitol Hill. What has been
going on behind the scenes, both in Washington and in
South Florida at mar A Lago in advance of this
confirmation hearing today?
Speaker 3 (02:15):
Well, Bessint has been spending his time vetting candidates for
a lot of Senate confirmed positions inside the Treasure Department.
He has a goal, as we've reported in Bloomberg, that
he wants to return the Treasure Department personnel to a
group of people who are very market savvy and no
markets really really well, because every couple of years there's
(02:37):
an unexpected hiccup in markets, and that's when you need
people who have experienced day to day in the plumbing
of the global financial system. And that's a little bit
of a ding at the Yellen Department. Both Republicans and Democrats,
including people inside of Yellen's Treasure Department who have previously
worked there, have said that Yellen's Treasury has been a
(02:58):
lot of PhD economists without enough emphasis on personnel with
market intuition and knowledge.
Speaker 1 (03:05):
I think Scott Besens is becoming more of a household name.
I think it's safe to say he wasn't one before
all of this. How has he gotten to this point
in time? What steps did he have to take from
going from somebody who, yes, might be well known in
some corners of Wall Street to someone who's the all
but confirmed Treasury Secretary.
Speaker 3 (03:22):
This is a great story, actually, David So our colleague
Josh Green and I dug into this for our story
on Bessent this week about how he went from having
hosted a fundraiser for al Gore then in twenty sixteen,
when Trump was running his first presidential bid. He did
not align himself publicly with Trump, but once Trump won,
(03:45):
he did donate a million dollars to Trump's inaugural committee,
so just showing that, okay, he was a little Trump
curious at that time. And what we discovered was that
after Steve Bannon left the White House in the early
part of the first term for Trump, Bannon met Vessont
at a investor conference in Hong Kong, and they met
(04:08):
and they ended up sitting together over lunch and had
this long four hour conversation where according to Bannon, Vessent
wasn't looking for access, which is usually what people are
looking for, but really he just wanted to understand from
an investor perspective, what are Trump's populist economic policies. And
since then they apparently stayed in close touch. And it
(04:30):
wasn't until after COVID, after Biden was in for a
little bit that Besant started to reach out and forge
deeper relationships or new relationships with key advisors close to
Trump and really start building a profile. And he's known
the Trump family for thirty years. He knew Trump's brother
and even went to his funeral years ago, and so
(04:52):
he was a familiar face, and it was through Don Junior,
who he knew a little bit better, that he was
able to get a meeting with Trump at some point.
And then he started to write these notes for his
hedge fund clients about the Trump rally and how stock
markets really think or want Trump to win, and that
got to Trump, and you would hear by the spring
(05:14):
of twenty twenty four, Trump saying things like and how
about that Scott Besson He's so smart? Markets really like him,
and he started name checking him, and that's it was
spring of twenty twenty four that Bloomberg reported that Bessett
was in the mix with a couple of other people
for treasure secretary if Trump wins. And so you just
slowly saw Bessant out in the media writing op eds,
doing TV hits, but also privately helping Trump write his
(05:37):
economic policy speeches, trying to think outside the box and
serve the president's populist agenda.
Speaker 1 (05:45):
Scott Bessett has done something remarkable, and I want you
to explain how he's been able to do it, and
that is he's ingratiated himself to present elect He's become
his pick to lead the Treasury Department. That comes with
all kinds of speculation about how erratic that might be,
what what his life is going to be like if
he's confirmed for this job, as it seems he will be.
And all the while, he has instilled in Wall Street
(06:06):
this sense of confidence that because he's worked at a
hedge fund, because he has the background that he has,
he's going to perhaps cast some stability on this administration.
How has he done that?
Speaker 3 (06:16):
Yeah, it's a tightrope walk that he has done so far,
and he has a long way to go to maintain
all of this. He seems to really understand Trump's economic
agenda and adhere to it. He does not come from
a traditional part of Wall Street that has made most
Treasure secretaries who have landed. You know men who have
landed in that job, if they come from Wall Street,
(06:38):
they come from Goldman and I'm talking about Bob Ruben,
Hank Pulsen, and Stephen Mnush. But Bessett has really deep
knowledge of how markets function. He has traded, he's run
a hedge fund, He worked for George Soros. He was
a participant when George Soros famed Miss Lee broke the
(07:01):
pound in the nineties when he made this huge bet
that government policy was not painting out well and it
was damaging to the pound, and he basically shorted the
pound and Bessett was part of that. And so that
goes to show how well read he is in currency policy,
how the interaction between government economic policy and currencies, where
(07:22):
that meets, and so you can see that he really
has spent a lot of time at that intersection between
government economic policy and markets.
Speaker 1 (07:32):
So, Leah, I know your focus over these last couple
of months has been on what he would do with
the department if he's confirmed. Do we know now well
how he would approach this role and does his vision
for that, his vision for what a teratie secretary should do,
does that match up with what the president elect thinks
a treasury secretary should do?
Speaker 3 (07:50):
You know, I do think that it matches up. But
as usual with Trump and the way that he governs,
it's a very tight needle to thread.
Speaker 2 (07:59):
Usually.
Speaker 3 (07:59):
I think about the example of Stephen Mnushan, who was
Trump's treasure secretary all four years in the first term.
Now he lasted all four years. There was such high turnover,
and Mnusian was able to do that through selective silences.
You know, if policy decisions did not go the way
that he thought they should, he would just kind of
go quiet and not show up on Fox News or
(08:20):
CNBC to talk about the policies. But he would never
publicly break from the president. So Mnushan really understood that
that this is the president's administration. He is my boss,
and that is going to be the key to best
and success. Now the interesting part will be when or
if Trump makes a decision and it doesn't jibe with
(08:40):
what markets want, and markets tank. Anyone market tanks, and
with Trump, he really cares about what stock markets think
of his policies. Now a lot of presidents do. Bill
Clinton famously did in the nineties. I'm actually bond markets
were able to trigger a change in Clinton's economic agenda,
and that could happen with Trump and has happened. He
(09:02):
kind of tests to see what is the market reaction
to one idea or another. But he also does have
a little bit of a steel stomach to weather some
of that storm. So it's going to be really difficult.
I think that's going to be one of Besson's challenges
is how to maintain calm that Trump wants that market
wants that Besnt wants that calm in markets while also
carrying out a sometimes wild policymaking regime.
Speaker 1 (09:29):
Coming up after the break, the headwinds that Bessent could
face during a second Trump administration. That's next. I'm talking
with Seleiah Mosen, host of The Big Take DC, about
Scott Bessant, who spent several hours on Thursday on Capitol
(09:52):
Hill in a confirmation hearing he's President Elect Donald Trump's
pick to be the next Secretary of the Treasury. When
you look at what Scott Besant hopes to accomplish in
this job, what are the challenges that he faces to
implementing those policy priorities implementing the policy priorities of the
president elect.
Speaker 3 (10:08):
The biggest challenge will be Trump and Trump's style of
like sort of shooting from the hip. When he wants
to make policy, he'll just tweet or post something on
truth social and Bessett may or may not know that's coming.
The example that I think of is in twenty seventeen,
I was standing outside of the Treasure Department. All the
Treasury officials are there, and it was we were all
kind of hanging out because the President was going to
(10:29):
walk the one hundred and fifty yards between the two
buildings to come and visit Stephen Mnushan at the building
and Secret Services marching through, the dogs, the guns, everyone's
marching through. And there was a tweet I think that
Trump said, well, there's going to be a report that
Mnusi and his team are going to put out on
what our tax policy plan is going to be, and
(10:51):
they had no idea. I was standing next to a
senior Treasury official and I showed him the story, and
he raises eyebrows and leans over to his colleague and
was like, we have to put a plan together. So
that's the kind of thing that's going to happen.
Speaker 1 (11:04):
He has prioritized getting this country's fiscal house in order.
That's going to run headlong into some of the policy
priorities of the President lact namely extending these tax cuts
that expire soon.
Speaker 3 (11:16):
Yeah, we are seeing a lot of signs that markets
are interested in Washington reigning in budget deficits, and globally,
you know, deficits are really high, and so it's a
global problem. But the US is the world's largest economy
and the owner of the world's all the safe haven
assets like treasuries and the dollar, and so it has
(11:37):
a bit more impact and influence on how things shake out.
And so we are seeing that bond yields are testing limits,
psychological limits, and part of the complex calculus of why
that is happening includes concern about the country's fiscal trajectory.
Now this is an age old thing in Washington. For decades,
(11:58):
people talk about, yes, it's important cut the deficit. In
when Democrats have the White House and all of Congress,
nothing happens, and when Republicans have White House and all
of Congress, nothing happens. The only way that historically that
we've seen Washington pay attention to that problem is when
markets throw a tantrum, and that happened in the nineteen nineties,
and we may be seeing it happen again. And so
(12:20):
Bessant has spoken about that publicly throughout twenty twenty four,
about the importance of addressing the budget deficit problem, and
he is We expect him to actually continue something from
the first Trump term that then the Biden administration adopted,
and that is bringing economic policy and national security, tying
(12:40):
those closely together. And that might be one way into
making sure the deficit problem is solved because it's a
matter of national security to make sure that the global
financial system and US markets function well.
Speaker 1 (12:54):
You mentioned you spoke with other people who know Scott
Besson and how he works. What do they say about
if he's going to succeed here, if he's going to
be able to toe this fine line, walk that tightrope,
as you said, between exuding calm, pleasing Wall Street, and
also pleasing this president.
Speaker 3 (13:09):
The expectation is that Besant will be able to navigate it.
There are always trip ups, and as reporters, we all
love to write about those. There's always a moment where
any treasure secretary, from Bob Rubin to Tim Geitner to
Hank Paulson, you name it, Steven Mnush and Janet Allen,
there's a moment where their words, because they can move markets,
(13:31):
they matter so much, and each nuance and the phrasing
matters so much that they trip up and markets move
when they weren't supposed to, and those little trip ups
will happen. I think the best thing to do is
to look at a secretary or any policymaker's entire tenure
to see how they did, rather than just isolating one
or two cases. So far as signs point to Bessant
(13:54):
being a stable hand the way Steven Mnush was.
Speaker 1 (13:57):
But let's see Kaliah. Thank you absolutely. This is the
Big Take from Bloomberg News. I'm David Gura. This episode
was produced by Alex tie. It was edited by Aaron
Edwards and Chris Ansi. It was fact checked by Adriana Tapia.
(14:17):
Mixed and sound designed by Alex Segura. Our senior producer
is Naomi Shaven. Our senior editor is Elizabeth Ponso. Our
executive producer is Nicole Beamster borg Sage Bauman is Bloomberg's
head of podcasts. If you liked this episode, make sure
to subscribe and review The Big Take wherever you listen
to podcasts. It helps people find the show. Thanks for listening.
We'll be back tomorrow
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