Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Riding a tide of voter angst, Democrats swept into power in Congress, 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. In a seismic political shift, Democrats’ strength suggested a breakdown of the coalition that delivered Trump a second term. The election results threaten to slow the pace of the AI infrastructure buildout, with policymakers potentially turning up the heat on increasingly unpopular data center projects.

On today's episode:

• Joe Mathieu, Bloomberg 'Balance of Power' Co-Host
• Brody Ford, Bloomberg News Tech Reporter
• Nathan Dean, Bloomberg Intelligence Senior US Policy Analyst
• Joe Lovinger, Bloomberg News Texas Reporter

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Many voters are giving President Donald Trump poor marks for his handling of the cost of living, and inflation is still high, which is the number that ultimately is more important to them. On affordability and the pricing behaviors of some businesses, Bloomberg’s Max Chafkin recently reported on the left-leaning nonprofit. Groundwork Collaborative, that’s focused on what it calls “surveillance pricing” -- the idea that retailers might charge customers different prices for items in stores and online based on all the data the companies have collected about them. Chafkin and Groundwork Collaborative CEO Lindsay Owens join to discuss.

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Democrats won control of both chambers of the US Congress in a midterm election landslide that amounted to a rejection of President Donald Trump following widespread voter discontent with the economy and the war in Iran. 

Across the country, Democrats scored victories in GOP strongholds, flipping at least seven Senate seats and winning House races in districts Republicans easily carried in 2024. Several news organizations projected that Democrats would win the House, while Decision Desk HQ projected they took the Senate.

For reaction and analysis, hosts David Gura and Kailey Leinz speak with Adam Hodge, Managing Director at Bully Pulpit International and Bloomberg Contributor, Patrick McHenry, Former Republican Congressman from North Carolina, former House Financial Services Committee Chairman, Bloomberg Contributor and Ron Brownstein, Bloomberg Opinion columnist covering politics and policy.

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
The midterm elections have already set a record as the most expensive in US history, exceeding even the 2024 presidential race. Total spending on campaign ads this year is projected to surpass $12 billion, while more than 57 million Americans cast their ballots early. 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.
On today's episode:

• Rick Davis, Partner at Stonecourt Capital & Bloomberg Politics Contributor
• Bill Allison, Bloomberg News Campaign Finance Reporter
• Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst
• Wayne Sanders, Bloomberg Intelligence Senior Defense Analyst

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Robinhood is competing with other retail brokerages over access to Anthropic's mega-IPO and others as they come to market. CFO Shiv Verma says the company continues to see demand for IPO access, adding, "We're making sure the companies know retail is here." He also discusses the use of AI agents in trading accounts, saying customers continue asking for more agentic tools. Verma also says Robinhood is seeing an increase in non-sports related trades on its prediction market platform.

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Apple posted decelerating sales growth in its September quarter, with China revenue missing estimates, in its first earnings report since John Ternus took over as CEO. The growth marks a slowdown from a 16% increase in the June quarter. Elswhere, Anthropic disclosed a twelve-fold increase in quarterly revenue while also revealing it intends to spend over $895 billion in the coming years, and Marvell agreed to buy Lumentum in an historic $115 billion deal.

On today's episode:

• Anurag Rana, Bloomberg Intelligence Senior Tech Analyst *POST APPLE EARNINGS.
• Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech *POST APPLE EARNINGS.
• Seth Fiegerman, Bloomberg News AI Editor .
• Ryan Gould, Bloomberg News Deals Reporter .

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Former CFTC Chair J. Christopher Giancarlo says the $6 billion Binance hack highlights ongoing US cybersecurity vulnerability. He also weighs in on prediction markets, saying new rules are needed for regulations at the federal level. He also says he thinks there's a "social benefit in prediction markets," with users looking to platforms for predictability.

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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 briefly crossing the threshold of a technical correction. The index sank 3.5% Friday.

On today's episode:

• Kristine Aquino, Bloomberg News Markets Live Blog Managing Editor
• Jeff Sprecher, Intercontinental Exchange CEO
• Muyao Shen, Bloomberg News Crypto Reporter
• Dan Sheridan, Brooks Running CEO

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Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Intel Corp. slid the most in over four decades as its outlook missed estimates. Amazon.com Inc. slipped 1.4% on greater capital spending. The S&P 500 dropped 1.8%, breaching its key 100-day moving average.

For a quick recap of a bruising trade for big tech and equities broadly, hosts Tim Stenovec and Jess Menton speak with Bloomberg Markets Live blog managing editor Kristine Aquino.

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