Global Tech Selloff Deepens as US Midterms Trigger AI Fears

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. The global stock selloff worsened in Asia, with a regional benchmark dropping the most in more than a year, on concern the US will tighten regulations on the AI industry after Democrats’ decisive election win. European futures also headed lower. Secretary of State Marco Rubio is weighing whether to leave the Trump administration, people familiar with the matter said, as he considers his next moves following Republicans’ midterm elections wipeout this week. Rubio dismissed the report, telling the New York Times in an interview Thursday that he didn’t know where the information was coming from. And Bank of England Governor Andrew Bailey said another interest-rate hike is more likely than not if the high energy costs seen in recent weeks return. Today's guests: Stéphane Boujnah, Euronext, CEO; Ellie Henderson, Investec, Economist. Chapters: 00:00:00 - Daybreak Europe 00:01:20 - Worst Rout Since 2020 Leaves Virtually Nowhere to Hide in Stocks 00:03:26 - Korea’s $1.7 Trillion Rout Burns Day Traders, Challenges Lee 00:08:05 - Crowded Hedge Fund Trades Are Unwinding Fast After Ugly October 00:12:48 - Rubio Weighs Leaving Administration After GOP’s Midterm Loss 00:16:33 - What the Democrats’ Sweep of Congress Means for Trump 00:18:59 - Strikes Disrupt French Trains, Metro and Schools 00:23:11 - Stock Slump Heads for Europe After Asia Tumbles 00:28:51 - Stéphane Boujnah, Euronext, CEO 00:39:07 - Ellie Henderson, Investec, Economist 00:43:07 - Bailey: Bigger Risk Premium Not a Surprise -------- 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