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 answers the questions behind today’s biggest news stories in just a few minutes.

Each episode starts with a simple question and gets straight to the point. Why do nuclear arms treaties still matter. What is behind the recent weakness in the US dollar. How are artificial intelligence and global politics reshaping power and markets. Using expert reporting and clear analysis, Here’s Why explains what is happening, why it matters and what to watch next.

Episodes unpack nuclear security, shifts in global markets, the race to build AI infrastructure, political change in Europe and China’s thinking on Ukraine and Taiwan. The focus is always on clarity, not complexity. Insight without overload.
If you want to understand the world without getting lost in it, this podcast is for you. 

If you want to understand the world without getting lost in it, this podcast is for you. You have questions. We have answers.

Here&rsquo;s Why answers the questions behind today&rsquo;s biggest news stories in just a few minutes. Each episode starts with a simple question and gets straight to the point. Why do nuclear arms treaties still matter. What is behind the recent weakness in the US dollar. How are artificial intelligence and global politics reshaping power and markets. Using expert reporting and clear analysis, Here&rsquo;s Why explains what is happening, why it matters and what to watch next. Episodes unpack nuclear security, shifts in global markets, the race to build AI infrastructure, political change in Europe and China&rsquo;s thinking on Ukraine and Taiwan. The focus is always on clarity, not complexity. Insight without overload. If you want to understand the world without getting lost in it, this podcast is for you. If you want to understand the world without getting lost in it, this podcast is for you. You have questions. We have answers.

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

Here's Why

Here&rsquo;s Why answers the questions behind today&rsquo;s biggest news stories in just a few minutes. Each episode starts with a simple question and gets straight to the point. Why do nuclear arms treaties still matter. What is behind the recent weakness in the US dollar. How are artificial intelligence and global politics reshaping power and markets. Using expert reporting and clear analysis, Here&rsquo;s Why explains what is happening, why it matters and what to watch next. Episodes unpack nuclear security, shifts in global markets, the race to build AI infrastructure, political change in Europe and China&rsquo;s thinking on Ukraine and Taiwan. The focus is always on clarity, not complexity. Insight without overload. If you want to understand the world without getting lost in it, this podcast is for you. If you want to understand the world without getting lost in it, this podcast is for you. You have questions. We have answers.

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

The Iran war is causing unprecedented disruption to global energy supplies, but continuing enthusiasm for artificial intelligence has helped to propel stock markets to repeated record highs. Are investors ignoring the risks from the conflict in the Middle East, or are tech stocks insulated from them? Bloomberg Tech Europe Anchor Tom Mackenzie joins Stephen Carroll to discuss.

The Iran war is causing unprecedented disruption to global energy supplies, but continuing enthusiasm for artificial intelligence has helped to propel stock markets to repeated record highs. Are investors ignoring the risks from the conflict in the Middle East, or are tech stocks insulated from them? Bloomberg Tech Europe Anchor Tom Mackenzie joins Stephen Carroll to discuss.

Here’s Why AI Stocks Are Outpacing Economic Reality

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2c5d450d-edf5-4414-ad5e-b44b00aa3a93/transcript

The US and China's relationship has been characterized for years by rivalry and deep economic ties. They compete on trade, on technology, and for global influence, and still they need each other. Now the war in Iran is pulling Beijing and Washington into a new standoff. As Donald Trump prepares to meet Xi Jinping, the question is whether the world’s two largest economies can steady the relationship, or see tensions deepen further. Our co-head for Asia John Liu joins Caroline Hepker to discuss.

The US and China's relationship has been characterized for years by rivalry and deep economic ties. They compete on trade, on technology, and for global influence, and still they need each other. Now the war in Iran is pulling Beijing and Washington into a new standoff. As Donald Trump prepares to meet Xi Jinping, the question is whether the world&rsquo;s two largest economies can steady the relationship, or see tensions deepen further. Our co-head for Asia John Liu joins Caroline Hepker to discuss.

Here’s Why The US And China Struggle To Play Nice

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/530071c7-6648-44ba-b129-b44400b537cd/transcript

Currency swap lines have long been a key tool for moving dollars around the global financial system in times of stress. Now US officials are considering expanding their use beyond crises, as more countries in regions like the Gulf and Asia seek access. Our Senior Editor Alister Bull joins Caroline Hepker to discuss.

Currency swap lines have long been a key tool for moving dollars around the global financial system in times of stress. Now US officials are considering expanding their use beyond crises, as more countries in regions like the Gulf and Asia seek access. Our Senior Editor Alister Bull joins Caroline Hepker to discuss.

Here’s Why the US Might Expand Its Dollar Safety Net

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/44e891f0-cf22-4baa-880c-b43d00bc42f0/transcript

Here's Why US Stocks Underperformed The World in 2025

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