Here's Why

Notoriously volatile, cryptocurrency has long been seen as a niche investment on the verge of going mainstream. But increasingly digital tokens are being integrated into traditional finance. The US approved the sale of exchange traded funds linked to Bitcoin in January. The industry also seems to have moved on from the collapse of FTX, the digital currency exchange, in 2022. Bitcoin, up some 50% in 2024, is even in focus in the US Presidential race. Our cross asset reporter Emily Graffeo joins Caroline Hepker to explain why it's getting easier to invest in cryptocurrencies and who is buying them. See omnystudio.com/listener for privacy information.

China's economy has been having a tough time. The latest growth figures show the slowest pace of expansion in more than a year. Consumer spending is weak and the property slump is ongoing. The official target of growing the economy by 5% a year is still within reach - thanks to a boom in exports. But there are risks there too. Our Executive Editor for Greater China John Liu joins Stephen Carroll to help explain why China's outlook keeps getting worse. See omnystudio.com/listener for privacy information.

The June 27th debate between Donald Trump and Joe Biden has become a watershed moment in the US Presidential race. Joe Biden's stumbles have raised concerns among donors and Democrats, but in the two weeks after the event, the President's poll ratings haven't shifted dramatically. Our US Money and Politics Czar Laura Davison joins Stephen Carroll to help explain why. See omnystudio.com/listener for privacy information.

The European Union this week moved ahead with plans to impose provisional tariffs on electric vehicles imported from China that would raise rates to as high as 48%, a step likely to escalate trade tensions with Beijing. The EU move follows a US decision to impose a 100% duty on EVs from China, though shipments are currently close to zero. Canada last month said it’s weighing tariffs as well. While China has threatened to retaliate, the EU’s comparatively well-off consumers represent an important outlet for domestic EV makers battling overcapacity. So why are so many countries taking aggressive action to protect their electric vehicle industries? Craig Trudell, Bloomberg’s Global Automotive Editor joins Stephen Carroll to explain. See omnystudio.com/listener for privacy information.

Nvidia's growth has stunned the market - even when compared to its artificial intelligence peers - riding high on this year's wave. The company took the title of the world's most valuable company earlier this month, but just days after reaching this milestone, Nvidia's stock price took a plunge losing £430 billion dollars from its market cap over just three days. So what was behind the decline of one of Wall Street's darlings and will it bounce back? Matt Turner, who leads Bloomberg's US equities coverage tells Stephen Carroll why the tech giant's worth is proving so elusive. See omnystudio.com/listener for privacy information.

Donald Trump picked Jerome Powell to lead the Federal Reserve, but their relationship soured soon afterwards, with the former President frequently criticising the Fed Chair. Ahead of November's election, some informal Trump advisers have floated ideas about possible changes to the Fed that would give him more power over the central bank. Our Federal Reserve reporter Amara Omeokwe tells Stephen Carroll what a re-elected Trump could and couldn't do to influence monetary policy. See omnystudio.com/listener for privacy information.

French bonds have continued to tumble as Marine Le Pen’s far right National Rally party leads polls ahead legislative elections later this month. The moves come after Finance Minister Bruno Le Maire warned that France would be plunged into a debt crisis similar to one sparked in the UK two years ago if far-right leader Marine Le Pen were to win and implement her economic program. But is he right? Our Managing Editor for FX and Rates, Rachel Evans joins Caroline Hepker to discuss if the warning is more than just political positioning. See omnystudio.com/listener for privacy information.

Three sets of recent elections have made waves on the markets. In South Africa, India and Mexico - we saw stocks sell off and currencies weaken as the results rolled in - even if they weren't a total surprise. Is there a common theme behind the market moves? Bloomberg's Markets Live Executive Editor Mark Cudmore joins Stephen Carroll to explain. See omnystudio.com/listener for privacy information.

The European Central Bank is set to cut interest rates for the first time since 2016, but Federal Reserve policymakers are still saying rates may need to stay higher for longer. Central bank divergence has caused market volatility in the past, but how big a deal is it this time? Bloomberg Opinion columnist Daniel Moss joins Stephen Carroll to explain. See omnystudio.com/listener for privacy information.

The US has dodged a recession and inflation is on track to normalise, so why don't people feel happier? Judging only by economic data, Joe Biden should be a shoo-in at November's election. But the polls don't seem to reflect that. Bloomberg's senior editor Wendy Benjaminson joins us from Washington to help explain. See omnystudio.com/listener for privacy information.

There was a time in the not-too-distant past where more free trade was widely considered to be a good thing. Donald Trump, as US President, had a major hand in reviving the use of tools like trade tariffs, but they've continued to be used under Joe Biden too. Bloomberg's Trade Tsar Brendan Murray joins Stephen Carroll to discuss the past, present and future of this key instrument of international trade. See omnystudio.com/listener for privacy information.

China's President Xi Jinping came to Europe with promises of investment and greater cooperation, but also an eye on rising trade tensions with the EU. What was Xi's goal on this trip? In this episode of Here's Why, we examine why China needs Europe right now with our Asia Government and Politics Correspondent Rebecca Choong Wilkins. Hosted by Stephen Carroll, produced by Christopher Pitt and James Woolcock. See omnystudio.com/listener for privacy information.

On the first ever episode of Here's Why, host Stephen Carroll speaks to Bloomberg Opinion Columnist Daniel Moss about the recent dramatic moves in the Yen and why there could be more to come. You can read Daniel Moss's full opinion piece on the Bloomberg website here: https://www.bloomberg.com/opinion/articles/2024-04-30/japan-should-leave-the-yen-bazooka-at-home?srnd=undefined See omnystudio.com/listener for privacy information.

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Bloomberg Intelligence has a NEW, daily podcast. The episodes in this feed are going away, so subscribe to our new podcast to get your Bloomberg Intelligence fix DAILY: on Apple: http://bit.ly/3YrBfOi on Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r See omnystudio.com/listener for privacy information.

Bloomberg Intelligence has a NEW, daily podcast. The episodes in this feed are going away, so subscribe to our new podcast to get your Bloomberg Intelligence fix DAILY: on Apple: http://bit.ly/3YrBfOi on Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r See omnystudio.com/listener for privacy information.

Bloomberg Intelligence has a NEW, daily podcast. The episodes in this feed are going away, so subscribe to our new podcast to get your Bloomberg Intelligence fix DAILY: on Apple: http://bit.ly/3YrBfOi on Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r See omnystudio.com/listener for privacy information.

Bloomberg Intelligence has a NEW, daily podcast. The episodes in this feed are going away, so subscribe to our new podcast to get your Bloomberg Intelligence fix DAILY: on Apple: http://bit.ly/3YrBfOi on Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r See omnystudio.com/listener for privacy information.

In this week’s edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss their research and outlooks for 2024. Bloomberg Intelligence's Top-10 Predictions for Europe in 2024 -- Will Hares break down three macroeconomic themes -- Energy Transition, Monetary Policy Easing and Technology Impact for Europe in 2024. 2024 Outlook: Global Solar Energy -- Rob Barnett on why demand for solar could soar in 2024. Disney Eludes Media M&A Fracas With FCF, Resurgent Streaming -- Geetha Ranganathan on how Disney can its get mojo back this year $126 Billion Risk for Big Bank Capital in Endgame -- Nathan Dean explains the major policy risks for large US investment banks. The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 121 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps. Boomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscriber See omnystudio.com/listener for privacy information.

In this week’s edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss their research and outlooks for 2024. OPEC+ Cuts Poised to Extend, Deepen on Bleak Near-Term Outlook -- Salih Yilmaz explains the dynamics of output cuts through 2024 to support oil prices above $70 a barrel. 2024 Outlook: Global Asset Managers -- Alison Williams and Neil Sipes evaluate why the revenue outlook is aided by a recent asset revaluation. 2024 Outlook: Value Teed Up for Strong Long Drive, History Says -- Chris Cain gives his thoughts on the outlook and performance of factor investing strategies. AI Infrastructure Outlays Seen Widening Throughout IT: BI Survey -- Anurag Rana lays out the multiple findings on a survey of chief investment officers. 2024 Outlook: North America Health-Care Tech, Distribution -- Jonathan Palmer explains how this could be a year of inflection for the industries. The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 121 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps. Boomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. See omnystudio.com/listener for privacy information.