House, Senate at Stake as US Midterms Kick Off

America’s referendum on President Donald Trump’s second term has begun. With tens of millions of early ballots already cast, voters say they are frustrated by the high cost of living, fuel prices that spiked after the launch of the Iran war and uncertainty over where their jobs and the world’s largest economy are headed in the age of AI. We speak with our team of Bloomberg reporters across the country for a read on voter turnout and sentiment. Balance of Power host Joe Mathieu breaks down the major races to watch. Groundwork Collaborative CEO Lindsay Owens examines cost of living concerns, while Bloomberg's Bill Allison discusses why this is the most expensive election in US history. All on the latest episode of Bloomberg Businessweek Daily. Chapters: 00:00:00 Bloomberg Businessweek Daily 00:02:48 Markets: Tech & Chip Stocks Rally 00:04:31 Battlegrounds: Michigan, Maine & Texas 00:05:05 Michigan Senate Race & Record Turnout 00:07:05 Susan Collins Fights for a Sixth Term 00:08:37 Can Democrats Flip Texas? 00:10:26 Early Voting, Polls & the Midterm Map 00:13:42 Kansas Emerges as a Battleground 00:14:41 Blue Wave, AI Regulation & the 2028 Election 00:15:11 Democrats, the DSA & a Potential House Majority 00:16:10 Election Security & Federal Monitors 00:17:01 Democratic Control & Corporate Oversight 00:20:46 Affordability & the U.S. Economy 00:23:02 Surveillance Pricing & Consumer Costs 00:25:34 AI, Algorithms & Personalized Pricing 00:29:19 Elon Musk, Money & the Texas Senate Race 00:30:44 What Democrats Could Do on Affordability 00:34:24 Record Campaign Spending & Political Ads 00:36:49 Elon Musk's Election Spending 00:38:10 Crypto, AI & Political Money 00:43:08 Markets: Semiconductors Lead the Rally 00:44:10 Stock Movers: Meta, Palantir & Disney -------- 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