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Here's Why

Bloomberg
Donald Trump
China
Tariffs
Inflation
Artificial Intelligence
Federal Reserve
Nvidia
US Economy
United States
European Union
Russia
Iran
Ukraine
Trade War
Microsoft
Amazon
Economic Policy
Interest Rates
US Dollar
NATO

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 exp... more

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Latest Episodes

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 ... more

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 acces... more

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 ... more

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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 ... more

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Recent Guests

Alister Bull
Bloomberg Senior Editor
Bloomberg
Episode: Here’s Why the US Might Expand Its Dollar Safety Net
Weilun Soon
Oil and shipping reporter
Bloomberg
Episode: Here's Why Untangling Global Shipping Will Take Months
Parmy Olson
Bloomberg Opinion columnist
Bloomberg
Episode: Here’s Why Some AI Might Be Too Dangerous To Release
Neil Callanan
Managing Editor for Private Companies coverage
Bloomberg
Episode: Here's Why Retail Investors Are Fleeing Private Credit
Charlie Wells
Bloomberg reporter
Bloomberg
Episode: Here's Why Buying Silver Is a Tricky Trade
Akshat Rathi
Senior climate reporter, host of the Zero podcast
Bloomberg
Episode: Here's Why the Iran War Resets the Energy Transition
Joe Weisenthal
Host of Bloomberg's Odd Lots podcast
Bloomberg
Episode: Here's Why the Iran War Is Prompting a Safe Haven Rethink
Becca Wasser
Becca Wasser leads Defense Research at Bloomberg Economics
Bloomberg Economics
Episode: Here's Why the Iran War Could Hinge on Missile Math
Abeer Abu Omar
Middle East economics reporter
Bloomberg
Episode: Here’s Why Dubai’s Global Reputation Is Under Threat

Hosts

Stephen Carroll
Host of Here's Why
David Gura
Host of Bloomberg This Weekend
Christina Ruffini
Co-host of Bloomberg This Weekend
Lisa Mateo
Co-host of Bloomberg This Weekend
Caroline Hepker
Host of Here's Why

Reviews

4.4 out of 5 stars from 174 ratings
  • Disappointed Again

    Mario Parker provided broad opinion on the affordability question without any information. So affordability is made up of costs, wages, and direction and rates of change. The rates of change of costs have decreased. This is seen in lower rents, lower commodities. The rate of change in wages have evened. The issue is interest rates impacts on mortgages and on higher unemployment rates. Those are federal reserve issues which we expect to lower at some point when the fed catches up. Please do bette... more

    Apple Podcasts
    1
    Future-is-bright
    United States6 months ago
  • Here’s why wind energy

    Ok tell me why wind can’t be sustained by the market price of energy? If it can then it will be built, I assume they only exist because of the government subsidies.

    It was said when they get up and running the “can give you free power” - I think that is likely an uninformed opinion. Do some homework Rachael, come with numbers. Learn about the maintenance and cradle to grave co2 for coal, oil, gas, wind, solar - then you’ll be ready for an interview.

    One star today based on poor choice of subj... more

    Apple Podcasts
    1
    Future-is-bright
    United States8 months ago
  • Well Done

    Proud of this intelligent podcast

    Apple Podcasts
    5
    Future-is-bright
    United States9 months ago
  • Sponsor ad comment

    Really enjoy listening to your podcast over the last several years thank you. Some feedback about the PG&E ads where it claims PG&E is listening to its customers and has some guy saying “it’s fair” is a a bit galling and maybe reflect on your show or shows that you’re using it in. Just thought I would chime in and never comment on things but I imagine I’m not alone and thinking it’s sort of important taste. And like I said galling is the best word I could think to describe it.

    Apple Podcasts
    5
    front dour
    United Statesa year ago
  • 2 mins of ads for 6 mins of mid content

    Just another money-making scheme to cram more ads into an already redundant podcast that’s covered by other Bloomberg shows.

    Apple Podcasts
    3
    John John Smith Smith
    United Statesa year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

MORE GINA MARTIN ADAMS!!!: Strong demand for more frequent appearances by a specific guest.
Way too much ads, content is ok: Similar sentiment about ad load versus content value.
Fantastic: Broadly positive reception of the show and its caliber.
Here's Why wind energy: A listener argues for more numbers and lifecycle analysis when discussing energy sources.
Interesting podcast: High praise for overall quality and guest variety.
Informative: Appreciation for Gina Martin Adams as a frequent insightful guest.
Great Podcast for Tech Economists: Positive note on depth for tech economists.
Sponsor ad comment: Some listeners feel sponsorship messaging and ad pacing affect the listening experience.
The sound is not so clear: Some technical feedback on audio quality.
Bloomberg's most thoughtful market podcast: High praise for the host-guest dynamic and analysis.
Disappointed Again: The reviewer critiques a host's framing of affordability and policy details, suggesting better data and context would help.
Well Done: Positive reception praising intelligent discussion and guests.
2 mins of ads for 6 mins of mid content: Feedback that ads overwhelm content.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Here’s Why the US Might Expand Its Dollar Safety Net
Q: What signals should we watch as the idea of expanding swap lines develops?
Key signals include who the US Treasury negotiates with (e.g., UAE versus ECB), whether expansions involve the Fed directly or through other funds like the Exchange Stabilization Fund, and how these moves balance credibility, political incentives, and actual liquidity needs.
Here’s Why the US Might Expand Its Dollar Safety Net
Q: Alister, can you explain what currency swap lines are and who provides them?
They are liquidity tools where a central bank swaps currencies with the Fed, exchanging dollars for another currency at an agreed rate and time, reducing currency and credit risk since it's between sovereigns, with the Fed earning a small return.
Here's Why the Iran War Resets the Energy Transition
Q: Akshat, before the Iran war began, how would you characterize the conversation around the energy transition?
The discussion was led by countries following the US, with many countries leaning away from heavy renewables investment, but there was also movement in fossil-fuel‑dependent regions toward cleaner energy as a hedge against price shocks.
Here's Why the Iran War Could Hinge on Missile Math
Q: What do we know about Iran's stockpile of missiles and how many they may have left?
We don't know the exact numbers, but the key is whether Iran can actually use those missiles; the US goal is to degrade the missile program by targeting launchers and preventing firing, while Iran has also rerouted production and replenishment efforts.
Here’s Why the Supreme Court Didn’t Settle the Tariff Debate
Q: What did we learn from the judgments about how the court might view future cases about actions taken by President Trump?
The court's majority suggested they would apply the major questions doctrine, requiring clear authority from Congress for significant presidential actions like tariffs.

Audience Metrics

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Frequently Asked Questions About Here's Why

What is Here's Why about and what kind of topics does it cover?

This program delivers concise, expert-driven explanations of major financial, political, and economic stories. Across recent episodes, listeners are treated to sharp takes on topics like AI-driven borrowing and corporate debt, the geopolitical implications of tariffs and sanctions, shifts in currency dynamics, energy markets, and strategic geopolitics. Each episode typically features Bloomberg reporters and editors breaking down a single news item with context, data, and implications for markets, policy, and business strategy, often pairing fast-paced analysis with a spotlight on how headlines affect investors and decision-makers. A standout trait is the integration of high-level macro topics with practical implications for professionals, m... more

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1. Bloomberg Surveillance
2. Wall Street Week
3. Bloomberg Intelligence
4. Bloomberg Businessweek
5. Bloomberg Daybreak: US Edition

How many episodes of Here's Why are there?

Here's Why launched 7 years ago and published 258 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Here's Why?

Recent guests on Here's Why include:

1. Alister Bull
2. Weilun Soon
3. Parmy Olson
4. Neil Callanan
5. Charlie Wells
6. Akshat Rathi
7. Joe Weisenthal
8. Becca Wasser

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