Speaker 1: Hey, it's West Kosova. We're taking a break to spend
Speaker 1: Memorial Day here in the US with friends and family,
Speaker 1: so we wanted to share a team favorite episode you
Speaker 1: might have missed about the other members of our family.
Speaker 1: Thanks so much for listening. We'll be back tomorrow. Hey Vicky,
Speaker 1: you have two sons and two dogs, so here's a
Speaker 1: question which of them is more expensive?
Speaker 2: The dog's food is crazy expensive, but the boys are growing,
Speaker 2: so I feed them sometimes too.
Speaker 1: From Bloomberg News and iHeartRadio, it's the Big Take. I'm
Speaker 1: West Kosova today. How much are you spending on your pet?
Speaker 1: When the conversation turns to pets, and at some point
Speaker 1: it just always does. After the phones come out and
Speaker 1: the photos are passed around my.
Speaker 3: Animals and send them to you all.
Speaker 4: Oh my god, how cute.
Speaker 1: It's only a matter of time before it's all about
Speaker 1: how much the care and upkeep of dogs and cats costs.
Speaker 1: That's exactly what happened when the Big Take crew was
Speaker 1: putting together this episode.
Speaker 5: My cat's son, Sylvie costs a lot when it comes
Speaker 5: to diet. He's on a prescription diet because he is
Speaker 5: allergic to everything, and that food went up fourteen dollars
Speaker 5: over the last ten months or so, so it used
Speaker 5: to be seventy seven. Now it's ninety one dollars.
Speaker 1: Ninety one dollars Catherine for food.
Speaker 5: Yep, and that might sound bad already, but something to
Speaker 5: know about Sylvie is that he of course hates his
Speaker 5: prescription food. So I spend about dollars a month extra
Speaker 5: buying things to sort of doctor up the bowl, like treats,
Speaker 5: beef toppings. We're trying a new beef broth this week.
Speaker 6: Funnily enough, Catherine, my cat too has a broth obsession.
Speaker 6: So Wednesday is my cat. She's a Persian cat. She
Speaker 6: has the classic grumpy flat face. Basically, I have to
Speaker 6: give her this thing called lysine. It's like an immune support.
Speaker 6: So what I do is I take a little scoop
Speaker 6: of lyceing and I mix it into the broth. And
Speaker 6: the broths are not cheap. It's a liquid and it
Speaker 6: has solids. She doesn't eat the solids, and I know
Speaker 6: that's what keeps the cost up.
Speaker 1: Wow, I lucked out.
Speaker 7: I have a three legged rescue dog named Igy. She's
Speaker 7: a little angel. She's not picky at all food wise.
Speaker 7: She'll eat whatever you put in front of her. But
Speaker 7: that has also gotten us into trouble because somehow, three
Speaker 7: legged or not, she managed to get up on the
Speaker 7: counter while we were gone one day and I had
Speaker 7: just bought a bag of currents to try on my oatmeal.
Speaker 7: I was excited. I was like, dried food on the oatmeal. Loo,
Speaker 7: let me go. And we come back home from dinner,
Speaker 7: my partner and I and lo and behold there are
Speaker 7: currents spread across the couch. She ate the whole bag.
Speaker 7: It's roughly a cup. First we're like, oh haha, how quirky.
Speaker 1: Then we call.
Speaker 7: There's apparently a pet poison hotline, so right there, seventy
Speaker 7: five right off the bat. So we get on the
Speaker 7: phone and the person goes, okay, there are two options here.
Speaker 7: One totally harmless, totally fine, option two. Three of them
Speaker 7: will poison her. So then we had to go to
Speaker 7: the emergency vet, which up front, I think I had
Speaker 7: to put something like twenty five hundred dollars on my
Speaker 7: card for them to even do anything. Luckily ended up
Speaker 7: only being thirteen hundred, so a bargain.
Speaker 2: Yeah, I will say I've also had my poor pop
Speaker 2: astro who ate something. We still don't know what it was,
Speaker 2: but yeah, trip to the emergency vet and you know,
Speaker 2: stomach X rays and everything out the gate. It was
Speaker 2: a good fifteen hundred at least, and I did have
Speaker 2: pet insurance so that covered some of it, but that
Speaker 2: pet insurance does not cover the three hundred dollars a
Speaker 2: year bill just to get a wellness check. When I
Speaker 2: adopted my dog Astro, it was required by the adoption
Speaker 2: agency that I get pet insurance for him. So it
Speaker 2: started off thirty five bucks a month, but then he
Speaker 2: had that whole issue where he.
Speaker 3: Ate something we weren't sure what it was.
Speaker 2: After that, the monthly premium went way up and it's
Speaker 2: almost double.
Speaker 3: So it's great if you don't need it.
Speaker 1: Okay, what's the strangest pet expense you've come across.
Speaker 6: My best friend has an exotic short hair cat named
Speaker 6: Pistachio Muffin, and he, much like my beloved persian Wednesday,
Speaker 6: has a flat face. One vet said that he had
Speaker 6: never seen nostrils on a cat so small, and those
Speaker 6: small nostrils led to breathing issues, respiratory issues, and it
Speaker 6: was just a bad time for a little Pistachio. So
Speaker 6: the vet suggested you can get the nostrils widened. There
Speaker 6: are surgeons that will do this, a cat nose job,
Speaker 6: a cat knows job. Of course, the only surgeon was
Speaker 6: on the upper east side, and for this nostril widening
Speaker 6: surgery it was twelve hundred dollars.
Speaker 1: So, given how much all of your dogs and cats
Speaker 1: are draining your bank accounts, do you have any regrets?
Speaker 1: Would you give them up? Would you not get them
Speaker 1: if you knew what you were in for? Never?
Speaker 3: They bring me so much joy it's worth every cent.
Speaker 6: I used to think that the amount of money people
Speaker 6: spent on their pets was absurd until I adopted Wednesday,
Speaker 6: and now I will gladly go into massive debt to
Speaker 6: keep her happy and healthy.
Speaker 7: Before adopting I Gi, my partner and I sat down
Speaker 7: and had a budgeting conversation and we kind of thought
Speaker 7: we had an idea of what it would be and
Speaker 7: what our backup plan was should the worst happen. And
Speaker 7: then the current happened and we were like, oh, now
Speaker 7: we get it, but no, wouldn't give her a would
Speaker 7: keep her in a heartbeat. I will just never buy
Speaker 7: Currents again.
Speaker 5: I die for Sylvie.
Speaker 1: Hands down reporters Knaka Katan and Brendan Case wondered, if
Speaker 1: each of us is spending so much on our pet
Speaker 1: how much are we all spending? They set out to
Speaker 1: put a number on what they call the global pet economy.
Speaker 8: So the worldwide pet economy right now is well north
Speaker 8: of three hundred billion dollars, and the next seven years
Speaker 8: are going to be a big story about growth. Bloomberg
Speaker 8: Intelligence is predicting that number is going to get up
Speaker 8: to about half a trillion dollars, very close to five
Speaker 8: hundred billion dollars. And you've got the US that is
Speaker 8: accounting for not quite half, but almost half of the total.
Speaker 8: But you've also got growth in Europe, and you've got
Speaker 8: the fastest growth in the rest of the world, particularly
Speaker 8: emerging markets. And so you've got a global trend and
Speaker 8: with certainly more pets because of the pandemic, and especially
Speaker 8: in the US, there was an uptick in the population.
Speaker 8: And for each pet, you've got rising average spending because
Speaker 8: of this new collection of services, healthcare and premium products
Speaker 8: that pet owners can buy.
Speaker 4: Now.
Speaker 1: I remember when I was a kid. Of course people
Speaker 1: had pets, but they weren't taking them to the doctor
Speaker 1: for MRIs and doing a lot of these really intensive
Speaker 1: medical treatments, buying them fancy gourmet food. When did all
Speaker 1: this start to become a really big thing.
Speaker 9: It's been growing rapidly for a long time. It was
Speaker 9: recession proof during two thousand and seven, eight and nine.
Speaker 9: It was continuing to grow through that. But then I
Speaker 9: think maybe in the last ten or thirteen years is
Speaker 9: when the drug companies that we interviewed started to notice
Speaker 9: this is huge. We have this great anecdote from Zoetis,
Speaker 9: which is the largest pet healthcare company, saying that their
Speaker 9: animal livestock portion of their pet business used to be
Speaker 9: sixty four percent and the rest was pets and the
Speaker 9: past ten years that has completely flipped to the exact opposite.
Speaker 1: And why is that? Why are people now just spending
Speaker 1: more on their pets than they did before.
Speaker 9: You just see pets becoming part of the household. They're
Speaker 9: treated as one of the family more and more. Then
Speaker 9: you have the pandemic where there was just a huge
Speaker 9: uptick in pet adoptions, and then add sort of the
Speaker 9: lifestyle of the youngest generations gen Z and millennials that
Speaker 9: are also kind of contributing to more spending. And they
Speaker 9: admit they're spending more on their pets than ever before,
Speaker 9: just you know, before maybe starting families.
Speaker 4: That's a really big part of the story.
Speaker 8: You know, you get gen z, you get millennials, and
Speaker 8: statistically they're starting families a little later. And if you
Speaker 8: look at the surveys, they're the ones who are out
Speaker 8: there saying much more than other generations that you know, yes,
Speaker 8: pets are very much part of the family. They buy
Speaker 8: into the whole sort of trend towards humanization, and they
Speaker 8: are willing to spend pretty heavily on their cats and
Speaker 8: dogs and other pets.
Speaker 1: Brandon, you mentioned earlier that in the US especially, there
Speaker 1: was this uptick in people getting pets during the pandemic.
Speaker 1: How big an increase was it.
Speaker 8: The increase in pet ownership was one of the big
Speaker 8: stories in the early stages of the pandemic, And what
Speaker 8: you end up with three years down the line is
Speaker 8: that Morgan Stanley estimates that there are about five million
Speaker 8: more pets in the US as of the middle of
Speaker 8: last year compared with twenty nineteen. That's an increase of
Speaker 8: about four percent. So you've got a rising population of
Speaker 8: companion animals. But it's not just that it's also rising
Speaker 8: spending on each pet. So to give you an idea
Speaker 8: of a members, the Labor Department calculates that household pet
Speaker 8: spending went up about thirteen percent as of twenty twenty
Speaker 8: one from twenty nineteen. That thirteen percent increase is not
Speaker 8: quite twice the average rate of inflation during that.
Speaker 4: Period, but it's close.
Speaker 8: And so if you drill down into dollar terms, what
Speaker 8: you see is that, according to Bloomberg Intelligence, it costs
Speaker 8: about fifteen hundred dollars to own a dog that's per
Speaker 8: year in the US, and it costs close to one
Speaker 8: thousand dollars to own a cat.
Speaker 9: So those numbers, maybe, on average they're right, But everyone
Speaker 9: we spoke with for this article, and everyone I know,
Speaker 9: spends more than that. So, for example, we spoke with
Speaker 9: one woman, Susan Genteel. She's a public school teacher who
Speaker 9: spent about eight thousand dollars or more on her dog, Elvis,
Speaker 9: because sadly, he had a heart condition. She was spending
Speaker 9: on echo cardiograms, she was spending on hyperbaric chain you know,
Speaker 9: she's spending a lot of money to keep her dog healthy.
Speaker 9: This is another part of what's really taking pet ownership
Speaker 9: into the next level, you know, the next big boom,
Speaker 9: which is the cost of health care, the cost of
Speaker 9: vet services, the fact that a lot of the medicine
Speaker 9: innovation that you're seeing in the human health sector are
Speaker 9: transferring into the animal health sector.
Speaker 1: More with Brendan and Naka when we come back. Knaka,
Speaker 1: before the break, you were talking about how more and
Speaker 1: more expensive medical procedures for pets are becoming the norm. Now,
Speaker 1: what are some of these procedures that people are having
Speaker 1: done on their animals that they just didn't do in
Speaker 1: past years.
Speaker 9: I mentioned echo cardiograms. There are also a ton of
Speaker 9: innovative medicines that have just been approved for these sort
Speaker 9: of big farms companies. They sort of have their roots
Speaker 9: in big pharma, and then some of them spun off
Speaker 9: and became just focused on pets. So you could be
Speaker 9: treated for osteoarthritis using monoclonal antibodies, which was used for example,
Speaker 9: to fight COVID. And then there are top line diabetes
Speaker 9: drugs that you can find now used for pets. And
Speaker 9: in the case that we spoke with the woman whose
Speaker 9: dog had a heart condition, she was telling us that
Speaker 9: she used the same medication for her dog, Elvis, that
Speaker 9: her father took, so she would give half a pill
Speaker 9: to Elvis and her dad would take a full pill.
Speaker 4: It's not just medicine.
Speaker 8: It's also a lot more scans like the electrocardiogram I
Speaker 8: was talking about. Another example is an MRI. One of
Speaker 8: the people we talked to said that, you know, time
Speaker 8: was maybe ten, fifteen, twenty years ago. If you lived
Speaker 8: near a sort of a teaching hospital veterinary medicine, then yeah,
Speaker 8: you could probably get an MRI, but not many people did.
Speaker 8: Now that's a service that you can essentially walk in
Speaker 8: and get. The downside is that it's going to set
Speaker 8: you back, you know, two thousand dollars or more.
Speaker 1: What would it happened to a dog like Elvis five
Speaker 1: years ago, ten years ago? Was there any kind of
Speaker 1: treatment like this, let alone the kind of diagnostics that
Speaker 1: are very common for pets these days, you know.
Speaker 8: For a dog like Elvis and for a lot of
Speaker 8: pets out there, the sad answer is probably they would
Speaker 8: have died earlier. And I think that you have elements
Speaker 8: of some people being more willing to spend a lot
Speaker 8: on advanced treatments. You also have a situation where these
Speaker 8: advanced treatments are out there, and yes, the providers do
Speaker 8: want to you know, use the expensive equipment to provide
Speaker 8: the best service they can't. If you talk with some vets,
Speaker 8: I think that one lesson you come away with is
Speaker 8: that they, you know, they do have the issue of
Speaker 8: affordability in mind.
Speaker 4: It's something that they struggle with as well.
Speaker 8: But the fact remains that there certainly are people out there,
Speaker 8: you know, pet owners who are demanding those services. And
Speaker 8: so you've got the veterinary medicine industry that is, you know,
Speaker 8: adjusting to provide them and take advantage of a lot
Speaker 8: of the technology that they can bring to bear.
Speaker 9: And there are lots of surveys about just how close
Speaker 9: families feel to their pets. Above ninety percent feel that
Speaker 9: their pets are part of their family or one of
Speaker 9: their children. Almost above eighty percent, eighty five percent or
Speaker 9: so say they would spend any amount of money to
Speaker 9: care for their pets no matter what. And I think
Speaker 9: that was one of the most surprising things you mentioned, Wes,
Speaker 9: is just how much people are willing to spend and
Speaker 9: with the available services and diagnostics and drugs out there,
Speaker 9: they can do that now.
Speaker 3: And it's interesting.
Speaker 9: What I also found a lot of times people almost
Speaker 9: underestimate how much they've spent, and when you ask them
Speaker 9: to itemize it, it's a lot higher than they expected.
Speaker 8: Yeah, well, you know, Elvis himself had a nine hundred
Speaker 8: dollars or electrocardiogram an MRI goes for two thousand dollars
Speaker 8: or more. And that's according to a group called the
Speaker 8: Pet Fund that exists to try to help people pay
Speaker 8: for care that they can't afford on their own. And
Speaker 8: if you talk with them, they say that it used
Speaker 8: to be once in a blue mood, you would see
Speaker 8: a ten thousand dollars price tag for total care of
Speaker 8: an animal having a serious health problem that we're told
Speaker 8: is becoming increasingly common. And in fact, the people running
Speaker 8: the Pet Fund have seen bills that range as high
Speaker 8: as twenty thousand or thirty thousand.
Speaker 9: Right we have in our story the largest insurance claim
Speaker 9: was it fifty thousand dollars for a dog that was
Speaker 9: run over in Brooklyn.
Speaker 1: And you mentioned insurance, which is another big component in
Speaker 1: this is that a lot of people, in order to
Speaker 1: pay for this, or in anticipation of having an illness
Speaker 1: that could cost a lot money, are buying insurance. How
Speaker 1: does that work? How does pet insurance work?
Speaker 9: So there's you know, an annual premium and then the
Speaker 9: deductibles and then the out of pocket and we actually
Speaker 9: have Bloomberg Intelligence doing some of the math coming up
Speaker 9: with an average number. So if a cancer treatment can
Speaker 9: cost eight thousand or ten thousand dollars at the end
Speaker 9: of the year, the total expenses under insurance can be
Speaker 9: maybe twenty seven hundred. But there are a lot of
Speaker 9: people who do say that the premiums are very high.
Speaker 9: In Susan Gentiel's case, she said that her dog was
Speaker 9: too old at the point where she wanted to get insurance,
Speaker 9: so it was too expensive. And in general, I think,
Speaker 9: you know, the entire market is about three percent of
Speaker 9: pets are insured, so that actually opens things up for
Speaker 9: huge growth in that sector.
Speaker 8: So the thing about pet insurance is that you do
Speaker 8: want to go in with your eyes open. This is
Speaker 8: an industry that's bringing in about two point six billion
Speaker 8: dollars in annual premiums right now. That's up from a
Speaker 8: billion dollars in twenty seven. But if you look at
Speaker 8: the numbers, you know, it really depends on the individual
Speaker 8: case whether it's worth it. You know, the average for
Speaker 8: a dog if you want accident and illness coverage is
Speaker 8: almost six hundred dollars. And there are some people out
Speaker 8: there who say, you know, better to take that money,
Speaker 8: set it aside for future care for the animal, and
Speaker 8: just pay with cash. Others obviously are deciding that they
Speaker 8: do want the coverage, but it'll come with a pretty
Speaker 8: high deductible and so they'll still have to pay out
Speaker 8: of pocket a fairly significant amount.
Speaker 1: Are we already starting to see elective procedures for pets?
Speaker 1: You know, cosmetic surgery, things that aren't purely medical but
Speaker 1: are just done to, I don't know, make your dog
Speaker 1: look better.
Speaker 8: Certainly, there's a lot of gray area, first of all.
Speaker 8: And then there is the world of what you might
Speaker 8: call plastic surgery for animals. It's kind of a famous example,
Speaker 8: which are called neuticles. These are testicular implants for dogs
Speaker 8: that you can buy if you have your dog neutered,
Speaker 8: but you kind of want to have them keep the preoperation. Look,
Speaker 8: there's a market for this, okay, and a pretty good
Speaker 8: one apparently. You know, this is a company that seems
Speaker 8: to be doing okay for itself. There's a famous example
Speaker 8: the actor Jake Jillenhall. He was on the Tonight Show
Speaker 8: and he said that he got a pair of nudicles
Speaker 8: for his German shepherd.
Speaker 1: You should get nuticles. Do you know what those are?
Speaker 4: I must know.
Speaker 3: I could guess maybe, but they're prosthetic testicles. Anyway, long
Speaker 3: story short, he has nuticles.
Speaker 9: This is not elective surgery, but it's in the realm
Speaker 9: of psychological costs. We found a lot of owners I
Speaker 9: spoke with put their pets on doggy Prozact because they
Speaker 9: had behavioral issues, anxiety, a lot of anxiety, and neighbors
Speaker 9: filed complaints. You know, some pretty difficult experiences that pet
Speaker 9: owners say is not talked about a lot, and so
Speaker 9: they had to put their dogs on prozac or put
Speaker 9: them into daycare training, and so those costs can rise
Speaker 9: to almost as much as you know, a heart condition.
Speaker 1: We'll be right back, Ben. We've been talking about how
Speaker 1: pet ownership and the amount of money people spend on
Speaker 1: their pets are going up. But there's also the opposite happening,
Speaker 1: which is a lot more people, especially who got a
Speaker 1: pet during the pandemic, are trying to return them or
Speaker 1: finding new homes because they just can't keep up.
Speaker 4: Yeah, you are starting to see that.
Speaker 8: And what you see in the data such as it is,
Speaker 8: because again, you know, the data here is not quite
Speaker 8: as clean as with human activity. But if you look
Speaker 8: at numbers compiled by a group called Shelter Animals Count,
Speaker 8: you're certainly seeing an uptick in most states in what
Speaker 8: are called pet surrenders compared with the early days of
Speaker 8: the pandemic. There's an important caveat there, though, which is
Speaker 8: that by and large those numbers are lower than they
Speaker 8: were in twenty nineteen, and so it's not quite right yet,
Speaker 8: at least to say that there's a bunch of people
Speaker 8: who ran out and got pets during the pandemic and
Speaker 8: now they just can't deal with them. Certainly, that description
Speaker 8: fits the case of some people. For many others, you know,
Speaker 8: I think that they're, you know, at least compared with
Speaker 8: pre pandemic levels, seem able to keep their pets at
Speaker 8: home and seem happy.
Speaker 9: And I think actually that's a really clear sign that
Speaker 9: pet owners are willing to go very far to keep
Speaker 9: their pets, even if, for whatever reason it was, they
Speaker 9: might want to rehome their pets. You might have the
Speaker 9: numbers taking up from the start of the pandemic, but
Speaker 9: we're still not at twenty nineteen levels. You know, that
Speaker 9: trend toward humanization and doing whatever you can to make
Speaker 9: sure your pet is healthy and happy and stays with you,
Speaker 9: that I think will continue, and that's perhaps where this
Speaker 9: market will continue to head towards the half trillion target.
Speaker 4: That's right.
Speaker 8: In the short term, there is a bit of a
Speaker 8: question mark just from the economy. There's obviously a lot
Speaker 8: of economic uncertainty out there, and it is the case
Speaker 8: that when the economy worsens, there are more people who
Speaker 8: look to rehome their pets. Whether the economy will worsen
Speaker 8: to that extent, whether people will react with the same
Speaker 8: historical pattern, all that remains to be seen.
Speaker 4: But it's a big question mark. As we go through
Speaker 4: the rest of this year.
Speaker 9: We hear from the drug company saying that costs spent
Speaker 9: on healthcare are sticky, right, They're very recession resilient, and
Speaker 9: so people would decide to lower their costs in some
Speaker 9: other area a cheaper car or fewer clothes sooner than
Speaker 9: actually taking away bending on a pet.
Speaker 1: As you're reporting on this booming industry that, as you describe,
Speaker 1: is only going to get bigger and bigger. What are
Speaker 1: you looking for? What are the trends down the road
Speaker 1: that you're keeping your eye on.
Speaker 9: I'm interested in how human health is trickling down into
Speaker 9: pet health, especially because it takes a lot shorter to
Speaker 9: go through the approval process FDA approval process to get
Speaker 9: a new drug for a pet, and so eventually we
Speaker 9: might see innovation first hitting the pet market before the
Speaker 9: human market.
Speaker 8: Yeah, there's a lot of research out there on dog
Speaker 8: aging for a number of reasons, one of which is
Speaker 8: that dogs have shorter lifespans, and so a human researcher
Speaker 8: can track multiple generations of dogs over the course of
Speaker 8: a career. There's something called the Dog Aging Project, which
Speaker 8: is based out of the University of Washington and Texas
Speaker 8: A and M University. It's got forty four thousand dogs enrolled,
Speaker 8: where you know, the dog owners fill out questionnaires keep
Speaker 8: track of their pets health and behavior. The hope is
Speaker 8: that over time they start to generate insights into how
Speaker 8: dogs age, which genes age the best. It's even conceivable
Speaker 8: that there could be some insights from that project coming
Speaker 8: into human health. And you know, there's startups out there
Speaker 8: with plans to do something similar. You could see a
Speaker 8: number of so called anti aging drugs on the market
Speaker 8: within three four years potentially, So that's definitely one thing
Speaker 8: to watch. Another thing that I keep my eye on
Speaker 8: is whether the assumption that people will keep accepting higher
Speaker 8: prices in fact turns out to be right. There's a
Speaker 8: lot of money behind these industries, right Like Mars Incorporated,
Speaker 8: the candy bar Company is one of the big investors
Speaker 8: in veterinary services. And the bet there is that umanization
Speaker 8: trend rising incomes greater supply of pricier options for pet care,
Speaker 8: you know. The bet is that those will all combine
Speaker 8: and give this very robust annual average growth over the
Speaker 8: next five, seven, ten years. But there's a lot that
Speaker 8: could go wrong too, you know. It could be that
Speaker 8: people you know, just can't hack it, particularly in the
Speaker 8: middle or lower income levels. Could be that demand isn't
Speaker 8: quite where they're expecting it to be. But right now,
Speaker 8: the people putting money at risk here definitely expecting these
Speaker 8: numbers to keep rising pretty quickly in terms of spending.
Speaker 1: Brendan and I think it's important for our listeners to
Speaker 1: know your bias dog or cat, cat.
Speaker 8: My wife and my kids know that more of a
Speaker 8: cat person, but we do have two cats and two dogs.
Speaker 8: Our house is a bit of a zoo and we
Speaker 8: love them all.
Speaker 1: And Nakha I.
Speaker 9: Grew up with a dog, and it would have to
Speaker 9: be again.
Speaker 1: Now, hook Tan, Brendan Case, thanks so much for coming
Speaker 1: on the show.
Speaker 3: Thank you so much for having us, Thanks for having us.
Speaker 1: Thanks to Rebecca Shasson, Katherine Fink, Sam Goebauer, and Vicky
Speaker 1: Bergolina for sharing their cat and dog stories. And thanks
Speaker 1: to you for listening to us. Here The Big Take.
Speaker 1: It's a daily podcast from Bloomberg and iHeartRadio. For more
Speaker 1: shows from iHeartRadio, visit the iHeartRadio app, Apple Podcasts, or
Speaker 1: wherever you listen, and we'd love to hear from you.
Speaker 1: Email us questions or comments to Big Take at Bloomberg
Speaker 1: dot net. The supervising producer of The Big Take is
Speaker 1: Vicky Bergalina. Our senior producer is Katherine Fink. Our producer
Speaker 1: is Rebecca Shasson. Our associate producer is Sam Gobauer. Philde
Speaker 1: Garcia is our engineer. Our original music was composed by
Speaker 1: Leo Sidrin. I'm Wes Kasova. We'll be back on MYE
Speaker 1: day with another big take. Have a great weekend, MHM.