Democrats Sweep in Midterm GOP Implosion

Bloomberg Television3 hours ago53:54

Democrats swept into power in Congress on Tuesday, with outrage over the cost of living and the war in Iran leading to a thundering rebuke of President Donald Trump and his party just two years after his dominant White House comeback. Bloomberg's Josh Wingrove reports from Washington. Data center developers in Texas are facing their worst-case scenario under a newly elected Democratic governor. Bloomberg News Tech Reporter Brody Ford explains. Wall Street strategists are warning that the return of divided government could disrupt the bond market next year by setting the stage for a bruising fight over the debt ceiling. We hear from Maya MacGuineas of the Committee for a Responsible Federal Budget. Plus - the prediction market industry had a strong election night performance of its own. We speak with Nicole Kagan, Researcher at Kalshi. All on the latest edition of Bloomberg Businessweek Daily. Chapters: 00:00:00 Bloomberg Businessweek Daily 00:03:00 Markets: Stocks Surge as Oil Plunges 00:04:09 Democrats Sweep Congress 00:06:03 Trump Reacts to the Blue Wave 00:08:40 Texas, Mississippi & Democratic Upsets 00:10:31 What's Next for the Republican Party? 00:12:42 Trump, Democrats & Divided Government 00:14:42 Data Centers Face a Political Backlash 00:19:03 Markets: Big Tech Rallies, Semiconductors Slide 00:21:05 U.S. Debt, Deficits & Affordability 00:25:04 What Went Wrong With DOGE? 00:29:10 Taxes, Spending & the National Debt 00:33:05 Prediction Markets & the Midterm Results 00:35:48 How Accurate Were Prediction Markets? 00:40:59 What Kalshi Learned From Election Night 00:47:44 Prediction Markets After the Election 00:50:13 Stock Movers: CVS, Tech & McDonald's -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

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