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

A UN index of food-commodity prices has hit its highest level in more than three years, as extreme weather, wildfires and conflicts disrupt crop growing and transport. Wheat, corn and sugar are among the key foodstuffs that have seen sharp prices rises. So how significant is the damage to supplies, and how long could a recovery take? Our agriculture reporter Eleanor Thornber joins Stephen Carroll to discuss.

A UN index of food-commodity prices has hit its highest level in more than three years, as extreme weather, wildfires and conflicts disrupt crop growing and transport. Wheat, corn and sugar are among the key foodstuffs that have seen sharp prices rises. So how significant is the damage to supplies, and how long could a recovery take? Our agriculture reporter Eleanor Thornber joins Stephen Carroll to discuss.

Here's Why Global Food Supplies Are Under Threat

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/84da7d49-83b0-46f8-ac9a-b4a600b36935/transcript

Japan and the United States carried out their first joint currency intervention in 15 years to prop up the yen. It's the latest in a series of moves by Tokyo to boost its currency, which recently hit its weakest level in 40 years against the dollar. So why is the US getting involved, and will more action be necessary? Our Executive Editor for Asia Markets Paul Dobson joins Stephen Carroll to discuss.

Japan and the United States carried out their first joint currency intervention in 15 years to prop up the yen. It's the latest in a series of moves by Tokyo to boost its currency, which recently hit its weakest level in 40 years against the dollar. So why is the US getting involved, and will more action be necessary? Our Executive Editor for Asia Markets Paul Dobson joins Stephen Carroll to discuss.

Here's Why a Weak Yen Isn't Just Japan's Problem

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/dbeceec1-f0b3-48ca-a0e9-b49f00b6345c/transcript

China's Coast Guard has become one of the world's largest maritime law-enforcement agencies. Its fleet of more than 600 vessels is a key part of Beijing's maritime strategy, routinely patrolling disputed waters and clashing with ships from neighboring countries. So why is China using the Coast Guard, rather than the navy, for these missions? Our China defense reporter Josh Xiao joins Stephen Carroll to discuss.

China's Coast Guard has become one of the world's largest maritime law-enforcement agencies. Its fleet of more than 600 vessels is a key part of Beijing's maritime strategy, routinely patrolling disputed waters and clashing with ships from neighboring countries. So why is China using the Coast Guard, rather than the navy, for these missions? Our China defense reporter Josh Xiao joins Stephen Carroll to discuss.

Here's Why China Uses Its Coast Guard to Push Territorial Claims

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4b8287f3-4e3c-46d6-acf3-b49800a5f840/transcript

Here's Why US Stocks Underperformed The World in 2025

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