FULL SHOW: Balance of Power: Early Edition 11/4/2026

On the early edition of Balance of Power, hosts Joe Mathieu and Kailey Leinz discuss Dems sweep into power in Congress. On today's episode, Bloomberg reporters from key states along with Rep. Glenn Ivey (D-MD), member of Appropriations Committee, Fmr. Rep. Charlie Dent (D-PA), Rep. Joe Morelle (D-NY), Ranking Member, Committee on House Administration. Our political panel, Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor also react to the results. Finally, Joe Lavorgna  Chief Economist at SMBC Nikko Securities, and Gautam Mukunda, lecturer at Yale School of Management and Bloomberg Opinion contributor react to the Democratic wins. Chapters: 00:00:00 Radio Balance of Power: Early Edition 00:02:00 Markets Rally After the Blue Wave 00:03:11 Iran War, Oil & Republican Losses 00:04:26 Democrats Flip Deep-Red States 00:06:03 Texas Turns Blue 00:08:14 Alaska & Mississippi Remain Too Close to Call 00:10:29 Democrats' New Majority & Affordability 00:15:34 Iran War & Democratic Priorities 00:18:00 Markets: Stocks Surge as Oil Plunges 00:20:42 Republicans Reckon With Historic Losses 00:21:15 Is This a Turning Point for MAGA? 00:23:33 Pennsylvania, Josh Shapiro & 2028 00:26:19 What's Next for the Republican Party? 00:30:18 Republican Postmortem & the Future of MAGA 00:34:02 JD Vance Blames the Iran War 00:37:27 Markets Rally on Election Results 00:39:41 Democrats Celebrate Senate Victories 00:42:32 Political Panel: How Democrats Pulled Off a Landslide 00:48:01 Trump, Republicans & the Road to 2028 00:56:24 Trump Reacts to the Midterm Results 00:58:07 What Democrats' Texas Wins Mean for the Future 01:00:42 Alaska Senate Race & Affordability 01:02:05 Election Security & Democratic Priorities 01:07:00 Affordability, Tariffs & Government Reform 01:13:21 Markets: Stocks Rally, Oil Sells Off 01:15:34 Trump, JD Vance & the Iran War 01:17:08 Iowa Turns Blue & the 2028 Map 01:19:15 Republicans Begin Their 2028 Rebuild 01:24:10 Latino & Young Voters Shift Toward Democrats 01:30:18 Markets, Iran & the Trump Economic Agenda 01:33:51 AI, Data Centers & Democratic Regulation 01:37:06 Data Center Backlash After the Election 01:40:34 Markets React to the New Political Landscape -------- 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