Democrats Sweep in Midterm GOP Implosion

0 November 4, 2026 19:07

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

Tags: Bloomberg, Bloomberg Finance, Bloomberg Makets, Bloomberg Media, Bloomberg Stocks Markets, Bloomberg Television, Bloomberg Television News Videos, Bloomberg TV, Bloomberg Videos, Breaking News, Breaking World News, Business News, International News, Latest National News, Latest News and Videos, Latest World News, World News