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Morgan Stanley's Wilson: We're In New Economic, Earnings Cycle

Mike Wilson, Chief US Equity Strategist and Chief Investment Officer for Morgan Stanley, joins Bloomberg Businessweek Daily to discuss his 2026 market outlook, saying that market broadening is happening now as the US economy and market begins a new cycle. "There have been many parts of the economy that have been sort of mired in a recession for the last three years or so, and they're just now starting to emerge," Wilson says. "That broadening out is the real story." Wilson also reiterates his 7,800 S&P 500 year-end target. Wilson speaks with Carol Massar, Tim Stenovec, and Bloomberg News Equities Reporter Alexandra Semenova.

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Bloomberg

Zuckerberg Says 'Difficult' to Enforce Instagram Age Limits

Mark Zuckerberg testified that it's "very difficult" to enforce Instagram's age limits as he sought to defend the platform during a landmark trial over social media addiction. The chief executive officer of Meta Platforms was sharply questioned on the witness stand Wednesday about the company's efforts to attract and engage teenage users, and whether it adequately policed accounts belonging to children under 13, despite rules barring them from using the app. Zuckerberg said Meta has introduced some "proactive tools" to try to identify and remove accounts used by children under 13, but called it a "challenging" problem. Bloomberg News Senior Technology Reporter Kurt Wagner joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

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Bloomberg

FCC's Carr Calls Colbert-Talarico Controversy a 'Hoax'

Federal Communications Commission Chairman Brendan Carr defended the agency's rules regarding equal air time for political candidates and said the controversy over an interview between CBS late-night host Stephen Colbert and Texas state Representative James Talarico  that never aired on the network wasn't the result of government censorship. Talarico, who is seeking a US Senate seat, used the incident to grab attention and campaign donations as he faces off against Congresswoman Jasmine Crockett in a closely watched primary race, according to Carr. Talarico's interview with Colbert was ultimately posted to the show's YouTube channel as an "online exclusive." Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, and Bloomberg News Media Reporter Hannah Miller join Bloomberg Businessweek Daily to discuss. They speak with Carol Massar and Tim Stenovec.

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