Here's Why

Here's Why Golden Visas Are Being Polished Jul 3, 2026 526 Countries from New Zealand to Portugal have revamped their golden visa offerings, in an effort to continue to attract wealthy investors to move there. While securing these visas is getting more difficult in some places, governments continue to use them as a tool to boost their economies. Our reporter Charlie Wells joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information

Here's Why Heatwaves Spell Trouble for Power Networks Jun 26, 2026 417 Record temperatures in Europe have pushed demand for electricity higher, but heatwaves also threaten the generation and distribution of power. Despite rising production from renewable sources, there are risks to the stability of Europe's networks. Our power and renewables reporter Eamon Farhat joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why Cheap AI Won't Last Jun 18, 2026 540 Silicon Valley spent much of the past few years feverishly pushing consumers and businesses to inject artificial intelligence into every corner of their lives. Now AI developers want their customers to pay more for the technology they actually use. Bloomberg's Markets Reporter Anthony Stephens joins Stephen Carroll to discuss what AI tokens are and how the price of them is reshaping the thinking a

Here's Why Trump's Policies Have Hurt Pandemic Prep Jun 11, 2026 538 Recent outbreaks of Ebola and Hantavirus are reminders that when such rare diseases flare up, they have the potential, in our interconnected world, to spread beyond their points of origin. Bloomberg's Health Reporter Jessica Nix joins Caroline Hepker to explain why while neither of these deadly menaces is thought likely to provoke a global epidemic they’ve stoked anxiety about the ability to

Here's Why This World Cup Is a Political Minefield Jun 5, 2026 548 The 2026 World Cup is just days away, but the tournament is already being overshadowed by political tensions, security concerns and questions about whether the US can deliver a smooth global event. Bloomberg's Randall Williams joins Caroline Hepker to explain how geopolitics are becoming one of the biggest storylines heading into kickoff.See omnystudio.com/listener for privacy information.

Here’s Why a Debt Doom Loop Is Brewing May 29, 2026 494 A prolonged period of elevated long-term bond yields is ramping up borrowing costs around the world. That in turn affects the cost of mortgages, credit card debt, car loans and other borrowing, squeezing households and companies and weakening economic activity. Bloomberg's Head of Economics and Government Stephanie Flanders joins Caroline Hepker to discuss what's behind the rise, how it changes th

Here's Why Alcohol Companies Face A Sobering Reality May 22, 2026 538 For years, the world’s biggest alcohol companies were raising a glass to steady growth. But now, consumers are pulling back. What does this mean for the industry and are habits changing forever? Bloomberg's Global Business Reporter Jennifer Creery joins Caroline Hepker to discuss.See omnystudio.com/listener for privacy information.

Here’s Why AI Stocks Are Outpacing Economic Reality May 15, 2026 557 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.See omnystudio.com/lis

Here’s Why The US And China Struggle To Play Nice May 8, 2026 637 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 relat

Here’s Why the US Might Expand Its Dollar Safety Net May 1, 2026 468 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.See omnystudio.com/listener for privacy information.

Here's Why Untangling Global Shipping Will Take Months Apr 24, 2026 505 Hundreds of ships have been trapped in the Persian Gulf by the Iran war, with transit through the Strait of Hormuz reduced to a trickle. Even when the war ends, recovering from the disruption will take some time. Our oil and shipping reporter Weilun Soon joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here’s Why Some AI Might Be Too Dangerous To Release Apr 17, 2026 561 A new AI model from Anthropic has sparked cyber security fears from Washington to Wall Street. The company has limited the release of Mythos because of concerns that in the wrong hands, it could provide hackers with new tools. Is this a new phase of AI development? Bloomberg Opinion columnist Parmy Olson joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why Retail Investors Are Fleeing Private Credit Apr 10, 2026 530 Investors tried to pull around $13 billion out of private credit funds in the first three months of 2026, forcing many big firms to enforce limits on withdrawals. Private credit firms have spent years courting retail investors, as the industry has grown into a $1.8 trillion market. So what's changed? Our Managing Editor for private companies' coverage Neil Callanan joins Stephen Carroll to discuss

Here's Why Buying Silver Is a Tricky Trade Apr 2, 2026 514 After a blistering rally in 2025, the price of silver has seen major volatility so far in 2026. While investors are questioning the value of buying gold as a haven trade, silver's strengths and weaknesses are more complex. Our reporter Charlie Wells joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why the Iran War Resets the Energy Transition Mar 27, 2026 557 The war in the Middle East has roiled oil and gas markets. The unrest and price spikes are another argument for why renewable energy like solar and wind — produced at home and insulated from external tensions — is a more secure bet. But experts warn that the picture is more complicated. Our senior climate reporter and host of the 'Zero' podcast, Akshat Rathi, j

Here's Why the Iran War Is Prompting a Safe Haven Rethink Mar 20, 2026 731 In times of geopolitical turmoil, investors look for somewhere safe to put their money. US President Donald Trump's trade war helped to fuel a record rally for gold in 2025, but the Iran war is pushing investors to shelter in different places. Joe Weisenthal from Bloomberg's Odd Lots podcast joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why the Iran War Could Hinge on Missile Math Mar 13, 2026 553 After an initial shock, the Iran war is now moving into a more sustained campaign by the US, Israel and the Islamic Republic. The pace of strikes has raised questions about the firepower needed to continue the attacks, and maintain defenses across the Middle East. Becca Wasser, Defense Lead at Bloomberg Economics joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here’s Why Dubai’s Global Reputation Is Under Threat Mar 6, 2026 554 The United Arab Emirates’ twin hubs of Dubai and Abu Dhabi have transformed themselves into global financial centres built on a bedrock of safety, stability and proximity to deep pools of capital. Bloomberg's Abeer Abu Omar joins Stephen to explain why Iran’s attacks, which saw missiles fired at the emirates, have come as a jarring reminder of their geography.See omnystudio.com/li

Here’s Why the Supreme Court Didn’t Settle the Tariff Debate Feb 27, 2026 515 The US Supreme Court's decision to strike down much of President Trump's tariff agenda has left many questioning what happens next. Issues such as refunds, and the legal basis for the President's new tariffs will still need to be resolved. Our Supreme Court reporter Greg Stohr joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why AI Is Fueling a Borrowing Boom Feb 20, 2026 651 The world's biggest technology companies are expected to spend $4 trillion on artificial intelligence by 2030. To pay for it, they're borrowing hundreds of billion of dollars a year. What does that mean for these companies, and for markets? Bloomberg's Markets Live Strategist Skylar Montgomery Koning joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why Canada is Pushing an Alternative to Trump's World Feb 13, 2026 551 Since returning to the White House, Donald Trump has directed some of his harshest criticism at America’s closest neighbor: Canada. Tariff threats, talk of making it the 51st state and pointed barbs have prompted the country’s Prime Minister, Mark Carney, to argue for a new approach to global trade and diplomacy. David Gura, host of Bloomberg’s Big Take podcast, joins Stephen Car

Here's Why Nuclear Brinkmanship is Back Feb 6, 2026 473 The New START treaty served as a barrier against a renewed nuclear arms race between the US and Russia, who together possess almost 90% of the world’s atomic warheads. The accord was the only remaining arms control agreement between the two countries and expired on February 5. US President Donald Trump says he wants to negotiate a new treaty, but in the meantime, controls on t

Here's Why A Weaker Dollar is Ringing Alarm Bells Jan 30, 2026 670 The US currency has come under pressure on multiple fronts, recently falling to its weakest level in four years. Unpredictable Washington policy making, fears over Federal Reserve independence, as well as fiscal concerns have driven investors away from the dollar. Our Markets Live Executive Editor Mark Cudmore joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why Europe's Far Right Is Rethinking Trump Ties Jan 23, 2026 639 Europe's far-right parties are reassessing their ties with US President Donald Trump following his threats to annex Greenland and use of military force against Venezuela. From the UK to Italy, politicians who have previously talked up their relationship with Trump are moderating their language. Our Managing Editor for European economy and government Ben Sills joins host Stephen Carroll to discuss.

Here's Why Outer Space Is the Next Frontier For Data Centers Jan 16, 2026 369 Data centers are a key part of the global artificial intelligence boom, but their rapid expansion requires land and energy. Rocket companies, from Elon Musk's SpaceX to Jeff Bezos's Blue Origin, have been looking at some new locations for these centers: putting them in space. Our space editor Bruce Einhorn joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why Europe Is Taking Trump's Greenland Claim Seriously Jan 9, 2026 467 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 t

Here's Why US Stocks Underperformed The World in 2025 Dec 19, 2025 511 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.See omnystudio.com/listener for privacy information.

Here's Why Prediction Markets Are The World's Casino Dec 12, 2025 465 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 di

Here's Why Taiwan's Future Might Be Tied to Ukraine Dec 5, 2025 527 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 Prep

Here's Why Lower Oil Prices Create Winners and Losers Nov 28, 2025 572 Oil prices have been falling as this year looks set to end with the first supply glut since 2020. While lower prices benefit some, they're not good news for everyone. Bloomberg's Oil Strategist Julian Lee joins Caroline Hepker to explain.See omnystudio.com/listener for privacy information.

Here's Why AI Costs Still Worry Investors Nov 21, 2025 595 The world's biggest tech firms are pouring hundreds of billions of dollars into artificial intelligence. Those building AI technology are predicting massive growth. Despite all the bullish sentiment, some investors are still worried about future costs. Bloomberg Tech Europe anchor Tom Mackenzie joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here’s Why Affordability Is The Biggest Issue In US Politics Nov 14, 2025 475 The US economy is growing, but Americans are feeling gloomy about it. Democratic candidates who campaigned on pocketbook issues won by big margins in Virginia and New Jersey governors’ races — so how will the parties play this issue ahead of the midterms? Our Managing Editor for US Economy and Government Mario Parker joins Stephen Carroll to discuss.See omnystudio.com/listener for priv

Here's Why Trump's Tone on Military Action is Shifting Nov 7, 2025 616 US President Donald Trump began his second term in office by promising to be a peacemaker and keep the United States out of foreign conflicts. Since then, he has ramped up threats of military intervention abroad, from the Middle East to Venezuela. Our head of economics and government coverage across Europe, the Middle East, Africa and Latin America, Flavia Krause-Jackson, joins Stephen Carroll to

Here’s Why Trump Was Able to Demolish the White House's East Wing Oct 31, 2025 414 The Trump administration demolished the East Wing of the White House in order to make space for a new 90,000-square-foot ballroom. The demolition surprised historians and architects who didn't realize the most prominent civic building in the US could be altered so dramatically without public discussion. Kriston Capps from Bloomberg CityLab joins Stephen Carroll to discuss.See omnystudio.

Here’s Why Europe Is Taking Years To Phase Out Russian Gas Oct 24, 2025 597 The European Union has agreed plans to ban all gas supplies from Russia by the end of 2027. Weaning European countries off Russian supplies has been a complex, and sometimes painfully slow, process. Our EU energy reporter John Ainger joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why China's Five-Year Plan Matters Oct 17, 2025 490 China's top policymakers are finalizing their next five-year plan for the country, for the period from 2026-2030. It's a blueprint for economic and social development at a time when Beijing is facing a myriad of challenges at home and abroad. Jenni Marsh, who leads Bloomberg's team covering China's economics and government, joins host Stephen Carroll to discuss.See omnystudio.com/listener for priv

Here's Why Debt Is a Driving Political Force Oct 10, 2025 614 Some of the world's wealthiest countries are struggling with debts higher than their own GDP, and it's upending their politics. Governments in France, the UK, the US and elsewhere are having to balance rising interest payments with demands for more investment, welfare or security. Bloomberg's Head of Economics and Government Stephanie Flanders joins host Stephen Carroll to discuss.See omnystudio.c

Here's Why the Stock Rally is Starting to Crack Oct 3, 2025 463 It's been a great six months for US stock markets, despite turbulence from tariffs and geopolitical tensions. Economic data continues to surprise to the upside. The Federal Reserve has extended a fresh lifeline to Wall Street. But beneath that surface, there are some signs of a shift in investor sentiment. Our Markets Live Managing Editor Kristine Aquino joins host Stephen Carroll to discuss.See o

Here's Why Labubus May Not Last Sep 26, 2025 494 A small toy monster with a toothy grin, known as a Labubu doll, has taken the world by storm, adorning the bags of millions of consumers — including popstar Rihanna and tennis champion Naomi Osaka. Some editions fetch thousands of dollars on resale, and Pop Mart, the Chinese maker of the toys, saw revenue jump over 200% in the first half of the year. But our Asia Global Busine

Here's Why NATO Needs Better Drone Defenses Sep 19, 2025 411 Recent incursions by Russian drones into NATO airspace had caused alarm across Europe, and triggered a military response from Poland. EU Commission President Ursula von der Leyen has promised a 'drone wall' along its eastern border - but what would it take to build more effective defenses? Our Global Defense Editor Gerry Doyle joins host Stephen Carroll to discuss.See omnystudio.com/listener for p

Here's Why Trump's War on Wind Farms Isn't Just Hot Air Sep 12, 2025 533 President Trump has never failed to hide his dislike for wind farms. He says they massacre birds, cause cancer, and drive whales crazy. But now his attack on renewable power is reshaping the US energy landscape, jeopardizing thousands of jobs, and billions in investment. His administration is stopping wind farms and solar projects, revoking permits, and making every effort to reverse President Bid

Here’s Why Trump’s Fed Pressure Campaign May Deliver Sep 5, 2025 466 Donald Trump has never hidden his frustration with the Federal Reserve — and now, back in the White House, his attacks have only intensified. From insults directed at Chair Jerome Powell to threats against Fed Governor Lisa Cook, the president is waging an extraordinary campaign to push the central bank into cutting interest rates.It’s a striking challenge to central bank independence

Here's Why A Big Tariff Problem Comes In Small Packages Aug 29, 2025 510 The loophole that has allowed packages worth less than $800 to enter the United States tariff-free has ended after nearly 90 years. It's a major change for small businesses, shippers and consumers, and several European postal services have suspended deliveries of parcels to the US as a result. Our Trade Tsar Brendan Murray joins host Stephen Carroll to discuss the ramifications.See omnystudio.com/

Here's Why China Can’t Sort Out Its Property Market Mess Aug 22, 2025 470 China’s property market has been in a downward spiral for five years, with little sign of the crisis abating. Even after the collapse of real estate giant Evergrande, values are continuing to plummet. Households in financial distress are being forced to sell properties, and apartment developers that racked up enormous debt on speculative projects are on the brink of collapse. Lulu Chen, who

Here's Why AI Isn't Taking Your Job, Yet Aug 15, 2025 642 A growing body of research is pointing to the drastic changes artificial intelligence will bring to the workforce, with predictions of millions of jobs being created and lost. According to analysis of recent US labor market data, AI does not appear to be causing a slowdown in hiring. Many companies are racing to implement the new tech into their businesses, but are they employing fewer people as a

Here's Why Big Tech's Soaring Valuations Have Some Worried Aug 8, 2025 594 The world's biggest technology companies have reported another period of strong earnings, adding to the recent rally in their share prices. Microsoft became only the second company to reach a $4 trillion valuation. Some market watchers are concerned that the valuations of the so-called Magnificent Seven companies are looking stretched. Gina Martin Adams, Chief Equity Strategist at Bloomberg Intell

Here's Why Tariffs May Deliver for Trump Aug 1, 2025 642 US President Donald Trump’s tariff strategy is reshaping trade, diplomacy, and the American economy. The levies have sparked turmoil in financial markets, but are already bringing in billions of dollars in revenue for the US Treasury. So far, the global economy has held up better than many economists expected, but how long will that last? Bloomberg’s Trade Tsar Brendan Murray joins hos

Here's Why There Isn't More Fear in the Fear Index Jul 25, 2025 465 Just days from US President Donald Trump's next tariff deadline, stock markets have hit record highs. Market volatility - as measured by the VIX Index - is at its lowest level in months. Are investors feeling zen, or do we need to rethink how we measure fear in the markets? Our markets reporter Valerie Tytel joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here’s Why It’s Not Easy to Fire Jerome Powell Jul 16, 2025 584 US President Donald Trump is stepping up pressure on Federal Reserve Chair Jerome Powell, with a White House official saying he discussed firing the central bank chief in a meeting with congressional Republicans on Tuesday night. Speaking on Wednesday, Trump said he’s “not planning” to remove the Fed chief, but he has repeatedly criticised Powell’s actions on interest

Here's Why Summer Hot Spots Are Turning Against Tourists Jul 11, 2025 593 A surge in visitor numbers to top European destinations has sparked protests from residents, many of whom feel they've reached a tipping point into overtourism. How can towns and cities strike a balance between the economic benefits of tourism, and the drawbacks? Feargus O'Sullivan from Bloomberg CityLab joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why Trump's Trade Deals Are So Different This Time Jul 4, 2025 481 As the US President's July 9 tariff pause deadline approaches, more countries are announcing agreements with the United States to avoid higher levies. But the content of the accords are very different from traditional trade deals. Our EMEA News Director Rosalind Mathieson joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here’s Why Iran’s Unaccounted for Uranium Worries Experts Jun 27, 2025 560 Iran’s highly enriched uranium was last seen by UN nuclear monitors a few days before the start of Israel’s bombing campaign on June 13. Its whereabouts are unknown for now, a major cause of concern for experts at the International Atomic Energy Agency. How dangerous is this uranium, and how does nuclear diplomacy proceed from here? Our reporter Jonathan Tirone joins host Stephen Carro

Here’s Why China Is A Quiet Force in the Israel-Iran Conflict Jun 20, 2025 453 China has condemned Israel's attack on Iran, while offering to play a positive role in facilitating dialogue between the two countries. China's economic ties to the region add to its geopolitical heft - and it's the latest example of Beijing’s growing role as a global power-broker and diplomatic force. Bloomberg News's Senior Executive Editor for the Greater China Region joins host Stephen C

Here's Why 2025 Has Seen Popular Investment Strategies Fall Apart Jun 13, 2025 482 Is US exceptionalism over? Tech stocks were in, then out, then in again. Have rumours of the dollar's demise as a safe haven been greatly exaggerated? 2025's market turmoil has forced investors to rethink strategies which have long yielded results, but are these shifts lasting? Our Markets Live Managing Editor Kristine Aquino joins host Stephen Carroll to discuss.See omnystudio.com/listener for pr

Here's Why AI is Changing How We Predict The Weather Jun 6, 2025 454 Technology has helped to improve the accuracy of weather forecasts for decades. Artificial intelligence-driven models are becoming more common, allowing forecasting using far less computation power than previous methods. But how accurate are AI's forecasts, and how is the industry adapting? Our weather reporter Mary Hui joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy

Here's Why Some Economic Data Matters More Than Others (Anniversary) May 30, 2025 554 It's been a year since we launched Here's Why. In that time we've brought you stories from the around the world about the global economy and how it's changing. To mark the occasion, we wanted to look back at one of our favourite episodes.CPI, PCE, GDP, PMIs and JOLTS are all data points closely monitored by markets. They help us understand where the economy is, can give us hints on where it's goin

Here's Why Obesity Drugs Are Changing the Food We Buy May 23, 2025 528 Hundreds of thousands of people around the world are now on weight loss drugs like Wegovy, known as GLP-1s. The food industry is taking notice too, with big companies leaning into more nutritional products to complement the effects of the drug. Deirdre Hipwell, who leads Bloomberg's team covering healthcare and consumer companies in Europe, joins Stephen Carroll to discuss.See omnystudio.com/liste

Here's Why China's Trade War Strategy Is Working May 16, 2025 555 The US and China have agreed to slash import tariffs for 90 days to allow for further negotiations. The deal is a major pullback of America's trade offensive, and comes after Chinese President Xi Jinping has taken a defiant stance against Donald Trump. Bloomberg Opinion columnist Karishma Vaswani joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why Oil Producers Are Driving Prices Lower May 9, 2025 659 Crude oil prices have fallen sharply since the start of the year, caught up in the market turmoil of Donald Trump's trade war. The OPEC+ group of oil-producing countries has responded by increasing production, which has pushed prices down further. Why are these nations intentionally hurting their own revenues? Bloomberg Opinion columnist Javier Blas joins host Stephen Carroll to explain.See omnyst

Here's Why a Weaker Dollar Matters May 2, 2025 477 The dollar is a key part of the American economy's strength, underpinning global finance and trade. But since President Donald Trump unleashed his global trade war, there are cracks in the greenback's image, which will have global consequences. Bloomberg's Senior Washington Correspondent Saleha Mohsin, who wrote the book: Paper Soldiers: How the Weaponization of the Dollar Changed the World Order,

Here’s Why Investors Can't Get Enough of Gold Apr 25, 2025 599 The price of gold has seen a blistering rally since Donald Trump's inauguration, as investors seek a safe haven from the policy and market turbulence. The precious metal has always been a draw during uncertain times, but this rush is driving prices to repeated record highs. Our metals reporter Jack Ryan joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why Uncertainty Is An Economic Killer Apr 17, 2025 573 The near-daily shifts in US trade policy have plunged markets into turmoil, and made businesses and consumers nervous about spending. What sort of damage does uncertainty do to the economy? And will we eventually get used to it? Co-host of Bloomberg's Odd Lots podcast, Joe Weisenthal, joins Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why America's Debt is a Trade War Victim Apr 11, 2025 544 US Treasury bonds have long served as a refuge for investors during times of panic. But as President Donald Trump unleashes an assault on global trade, their status as the world’s safe haven is increasingly coming into question. Yields, especially on longer-term debt, have surged on the tariff announcements, raising fears that key foreign buyers could take their money elsewhere, in a form of

Here's Why Trump's Tariffs Could Make America Less Exceptional Apr 3, 2025 546 The American economy is richer, more innovative, and has expanded at a faster rate than most of the developed world for many years. How will Donald Trump's tariffs affect that trajectory? Bloomberg's head of economics and government Stephanie Flanders joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

Here's Why There's a Shortage of Air Traffic Controllers Mar 28, 2025 395 A spate of plane accidents, botched landings and near-misses in the US and elsewhere has raised widespread concerns about air safety. While the likelihood of a plane crash remains incredibly low, experts are concerned that a global shortage of air traffic controllers could make flying more dangerous. Our transport reporter Danny Lee joins host Stephen Carroll to discuss.See omnystudio.com/listener

Here's Why AI Is Creating The Biggest Monopolies in History Mar 21, 2025 540 The rush into artificial intelligence - spurred by the success of ChatGPT - has propelled a handful of technology companies into market superstardom. Nvidia, SK Hynix, ASML and TSMC have seen their share prices soar as their products lead the market in the chips that power AI. Our tech reporter Mark Bergen joins host Stephen Carroll to discuss the scale of their success, and what could disrupt it.

Here's Why Crypto Fans Are Underwhelmed By Trump's Plan Mar 14, 2025 573 Donald Trump's election sparked a frenzy of optimism in the crypto world, but his much-heralded announcement of a strategic Bitcoin reserve left investors disappointed. The biggest digital token slumped further from its record highs. Bloomberg's Executive Editor for Crypto, stacy-marie ishmael joins host Stephen Carroll to explain why.See omnystudio.com/listener for privacy information.

Here's Why a New Trump World Changes Everything Mar 7, 2025 775 World leaders have been left reeling by the flurry of announcements from Donald Trump since he returned to the White House. The US President has penalised America's allies, made overtures to autocrats, and thrown out international conventions. Markets, too, are increasingly uncertain about what the future holds. Bloomberg's Editor-in-Chief John Micklethwait joins host Stephen Carroll to discuss Do

Here's Why 'Mar-a-Lago Accord' Chatter Has Everyone's Attention Feb 28, 2025 577 President Trump's unconventional policies and high-stakes manoeuvres have shaken up global trade and security, now Wall Street is wondering if the global financial system may be next. The concept has been called the "Mar-a-Lago Accord" and its aim would be to weaken the US dollar to help American exporters. But the idea faces hurdles and pitfalls, so what would be involved in a "Mar-a-Lago Accord"

Here's Why Trump Says He Can Get a Deal with Putin Feb 21, 2025 460 Talks over ending the Russian invasion of Ukraine have begun with a meeting between US and Russian officials in Saudi Arabia. Efforts to secure a ceasefire have accelerated since Donald Trump returned to the White House, and re-established contact with Vladimir Putin. How will Trump negotiate with the Russian President? Our senior writer Stephanie Baker, author of 'Punishing Putin', joins host Ste

Here's Why ESG Isn't Dead Yet Feb 14, 2025 460 Environmental, social and governance rules have come under additional pressure since the election of Donald Trump as US President. American businesses have also called for the European Union to roll back its ESG regulations, and France and Germany have indicated they want changes too. But how far will these efforts go? Our Managing Editor for ESG Investing, Tasneem Brogger, joins host Stephen Carr

Here's Why Trade Wars Are Easier To Start Than Finish Feb 7, 2025 457 It took just two weeks for Donald Trump to impose the first trade tariffs since returning to the White House. His move to impose levies on China, and threats to Canada and Mexico, have political and business leaders scrambling to rethink complex supply chains and assess the economic impact. But if relations improve, how easy are these measures to unwind? Bloomberg's Trade Tsar Brendan Murray joins

Here's Why DeepSeek is a Wake-Up Call for AI Titans Jan 31, 2025 498 Chinese AI startup DeepSeek shot to global fame after the launch of its R1 chatbot, seen as a rival to the likes of ChatGPT. But how disruptive will its apparently cheaper business model be to the global tech industry? Bloomberg's Tom Mackenzie joins us to explain.See omnystudio.com/listener for privacy information.

Here's Why Trump's Executive Orders Have Limits Jan 24, 2025 387 Donald Trump has started his Presidency by signing dozens of executive orders, taking action in areas from energy, to immigration, to withdrawing the United States from the World Health Organization and the Paris climate accord. How powerful are these instruments, and how can they be challenged? Bloomberg White House reporter Hadriana Lowenkron joins host Stephen Carroll to explain.See omnystudio.

Here's Why Immigration Policy Matters So Much For The US Economy Jan 17, 2025 541 Immigrants have long been part of the economic success story of the United States. Many economists and business leaders credit immigration for filling vacancies across the economy, but Donald Trump and many of his allies accuse immigrants of lowering wages and taking jobs from native-born Americans. He's pledged to crack down on illegal immigration and carry out the biggest deportation plan in US

Here's Why You Need to Understand Quantum Computing Jan 10, 2025 389 Move over artificial intelligence, a new technological game-changer is coming. Developers of quantum computers say they will deliver huge advancements in fields from drug development to financial modelling. Some of the world's biggest tech companies, investors and governments are pouring billions into making them a reality. Our reporter Isabella Ward tells us what to expect. Hosted by Stephen Carr

Here's Why Companies Are Staying Private For Longer Dec 20, 2024 488 SpaceX recently cemented its status as the world's most valuable private startup, with a share sale that valued it at about $350 billion. Meanwhile, OpenAI's last fundraising round valued it at $157 billion. Despite huge interest from investors, these names are among many fast-growing companies which are opting not to list their shares on public markets. Bloomberg's Bailey Lipschultz, who covers h

Here's Why Iran Is Losing Its Influence Dec 13, 2024 436 Iran has lost a key regional ally with the toppling of Bashar al-Assad's regime in Syria. Tehran's other proxies, Hamas and Hezbollah, are also weakened after over a year of fighting with Israel. What influence does Iran have left in the Middle East? Bloomberg's Head of Iran coverage Golnar Motevalli joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

The Big Take: What’s Next After French Government Falls Dec 6, 2024 925 Here's Why host Stephen Carroll is in France this week covering the deepening political crisis that has gripped the country. We wanted to bring you a special episode of Bloomberg's Big Take podcast that he's been contributing to while there. We'll be back next week with a normal episode of the show.The Big Take: After No-Confidence Vote, France Faces Tumult and Uncertainty The government of French

Here's Why Inflation Could Be A Bigger Problem in 2025 Nov 29, 2024 502 Central banks in the US and Europe have been cutting interest rates as inflation slows close to their 2% target. But while the price surge of 2022 is behind us, the outlook for the next year looks less certain. How will trade tariffs, a strong dollar or other shocks affect the outlook for prices? Bloomberg Opinion columnist Daniel Moss joins host Stephen Carroll to discuss.See omnystudio.com/liste

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