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
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