Despite hitting repeated record highs, US stock indexes have actually underperformed markets elsewhere in 2025. Our Senior Equity Strategist Michael Msika joins Stephen Carroll to discuss what drove this trend, and the expectations for 2026.

Despite hitting repeated record highs, US stock indexes have actually underperformed markets elsewhere in 2025. Our Senior Equity Strategist Michael Msika joins Stephen Carroll to discuss what drove this trend, and the expectations for 2026.

Here's Why: Where we explain one news story in just a few minutes with help from our experts at Bloomberg. 

Here's Why: Where we explain one news story in just a few minutes with help from our experts at Bloomberg.&nbsp;

Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide company and industry research.

Here's Why

Here's Why US Stocks Underperformed The World in 2025

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7d70732f-383d-47e2-b260-b3b800b429aa/transcript

President Trump says the United States 'needs' Greenland. After American forces captured Venezuela's President, European leaders are now more worried about Trump's ambitions for the Arctic island, which is part of the Kingdom of Denmark. Danish Prime Minister Mette Frederiksen has said US action would threaten the NATO alliance. Our Copenhagen reporter Sanne Wass joins Stephen Carroll to discuss the state of play.

President Trump says the United States 'needs' Greenland. After American forces captured Venezuela's President, European leaders are now more worried about Trump's ambitions for the Arctic island, which is part of the Kingdom of Denmark. Danish Prime Minister Mette Frederiksen has said US action would threaten the NATO alliance. Our Copenhagen reporter Sanne Wass joins Stephen Carroll to discuss the state of play.

Here's Why Europe Is Taking Trump's Greenland Claim Seriously

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fea21e98-3ad5-4d00-ab93-b3cd00c7bda5/transcript

Prediction markets, platforms where people bet against one another on the outcomes of real-world events, are growing rapidly. The likes of Polymarket and Kalshi now collectively handle billions of dollars in bets every week. These markets have blurred the lines between gambling and trading, and their growth has been helped by a relaxed regulatory environment under US President Donald Trump. Our digital finance reporter Emily Nicolle joins Stephen Carroll to discuss.

Prediction markets, platforms where people bet against one another on the outcomes of real-world events, are growing rapidly. The likes of Polymarket and Kalshi now collectively handle billions of dollars in bets every week. These markets have blurred the lines between gambling and trading, and their growth has been helped by a relaxed regulatory environment under US President Donald Trump. Our digital finance reporter Emily Nicolle joins Stephen Carroll to discuss.

Here's Why Prediction Markets Are The World's Casino

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/30ccd4a6-1b76-4407-8bc8-b3b000d825b3/transcript

China is drawing lessons from the Trump administration’s still unfinished “peace plan” for Russia and Ukraine. President Xi Jinping is using the opportunity to sharpen the lines around his long-declared objective of unification with Taiwan. Bloomberg Opinion columnist Karishma Vaswani joins Stephen Carroll to discuss. You can read her latest piece on the topic here: Is China Preparing an Ukraine-Style Plan for Taiwan?

China is drawing lessons from the Trump administration&rsquo;s still unfinished &ldquo;peace plan&rdquo; for Russia and Ukraine. President Xi Jinping is using the opportunity to sharpen the lines around his long-declared objective of unification with Taiwan. Bloomberg Opinion columnist Karishma Vaswani joins Stephen Carroll to discuss. You can read her latest piece on the topic here: <a href="https://www.bloomberg.com/opinion/articles/2025-11-30/is-china-preparing-a-ukraine-style-plan-for-taiwan?srnd=undefined" data-destination="https://www.bloomberg.com/opinion/articles/2025-11-30/is-china-preparing-a-ukraine-style-plan-for-taiwan?srnd=undefined">Is China Preparing an Ukraine-Style Plan for Taiwan?</a>

Here's Why Taiwan's Future Might Be Tied to Ukraine

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cadecf04-4e98-41ac-b670-b3aa00c606be/transcript

Here's Why US Stocks Underperformed The World in 2025

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