In 2001, it was lipstick. After the 2008 financial crisis, it was DIY haircuts. In times of economic turmoil, consumers tend to change the way they spend on makeup and beauty. So what is the beauty industry telling us now about the state of the US economy?

On today’s Big Take podcast, Bloomberg’s Ben Steverman visits a beauty convention and talks to masseuses and hair stylists about the trends they’re seeing in their salons, and cosmetics reporter Jeannette Neumann crunches the numbers on how these consumer behaviors are hitting companies’ bottom lines.

Read more:

• The Beauty Salon Recession Indicator
• Estée Lauder Forecasts Return to Sales Growth in 2026

See omnystudio.com/listener for privacy information.

Despite the global hype around China’s DeepSeek, very little is known about the man behind it – Liang Wenfeng.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Saritha Rai about the tech founder who led DeepSeek to the frontline of AI advances and what the company’s rise tells us about the battle for AI dominance.

Further listening: Why DeepSeek Sent Nvidia, Other Tech Stocks Tumbling

Watch, from Originals: How China’s DeepSeek Came for Big AI

See omnystudio.com/listener for privacy information.

After decades in the public eye, 83-year-old media mogul and Fox co-founder Barry Diller is finally ready to tell his story.

On today’s Big Take podcast, Diller joins host David Gura to talk about his new memoir, Who Knew, his storied career as an entertainment executive and his decision to speak publicly about his sexuality for the first time. Plus, how he’s navigating President Trump’s shifting trade and regulatory policies.

See omnystudio.com/listener for privacy information.