Bloomberg Daybreak: Europe Edition

On today's podcast:

(1) 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.

(2) President Donald Trump congratulated Democrats for doing “a good job” after the party inflicted devastating defeats on his Republican allies, winning back both houses of Congress and picking up several governors’ mansions. But the president, in an interview with Fox News early Wednesday morning, didn’t take responsibility for a long night of GOP defeats, including many in what had been considered reliably conservatives states.

(3) Some of the night’s most stunning GOP losses were notched by candidates Trump had personally anointed. In the Texas Senate race, Democrat James Talarico beat Republican Attorney General Ken Paxton to score the party’s first statewide win in more than 30 years. And in South Carolina, Senator Darline Graham, who was appointed to a US Senate seat after her brother Lindsey Graham’s death, came up short in her quest for a full six-year term against Democrat Annie Andrews.

(4) In Michigan, Democrat Abdul El-Sayed became the first Muslim elected to the US Senate in the face of repeated attacks from Trump, who labeled him a “jihadist.” Even Republican Senator Susan Collins in Maine, who’d previously held her seat in a blue state, was unable to hang on and conceded to Democrat Troy Jackson.

(5) A Democratic sweep of both houses of Congress rippled across global markets, sending stocks and the dollar lower while boosting Treasuries on speculation that the result will put the brakes on President Donald Trump’s agenda.
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Voters across the US go to the polls today, passing judgment on the first half of Donald Trump's second term. All 435 House seats and 35 Senate seats are being contested as well as 36 State governor races. Republicans currently control both chambers of congress -- but polls point to significant Democratic gains that could flip those majorities.

(2) Supermarkets across Europe were hit by suspected cyberattacks that resulted in sudden changes in the temperatures of their fridges and freezers on Monday, echoing a more widespread problem in France last month.

(3) Iran President Masoud Pezeshkian said his government has been granted more authority by the country’s supreme leader to pursue peace talks, as President Donald Trump hinted at progress in negotiations.

(4) Gold is trading slightly lower today, after its biggest jump in two months yesterday as hopes of progress in US-Iran peace talks eased inflation anxiety. Despite the pressure from oil and interest rates, demand from a key group of buyers has remained strong.

(5) Walt Disney is moving toward thousands of job cuts with the entertainment giant asking some managers to target 20% in annual cost savings, according to people familiar with the matter.

(6) Apple delivered a mixed outlook to investors in its first quarterly report under Chief Executive Officer John Ternus, with narrower profit margins overshadowing an upbeat sales forecast.

(7) Six months after his resounding defeat of Orbán’s Fidesz party, Magyar is moving as fast as he can. That includes combing through mountains of files seeking evidence of corruption or theft of public money on Orbán’s watch.

Podcast Conversation: Where to invest $1,000,000
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Recent artificial intelligence related market stumbles have somewhat burst the bubble of infallibility around the sector, said Howard Marks, co-chair of Oaktree Capital Management.

(2) Russia's emergencies ministry said on Monday that a "massive cyberattack" hit its application, designed to warn people of incoming drone attacks and other threats.

(3) US officials are promoting a plan for Russia to resume sales of natural gas to Europe via pipelines running through Ukraine, the Wall Street Journal reported.

(4) Mass demonstrations in Germany that passed largely peacefully on Saturday erupted in violence as night fell and rioters faced off against police in Frankfurt, Cologne, Hamburg and Berlin.

(5) Representative Haley Stevens, who lost the Democratic primary for Michigan’s US Senate seat, backed Republican candidate Mike Rogers, breaking with Democratic nominee Abdul El-Sayed and exacerbating a split between progressives and moderate party members.

(6) After crossing the finish line of the Mexico City Grand Prix behind race winner Max Verstappen and Lewis Hamilton, F1 history-maker Kimi Antonelli placed his hands on the steering wheel and his voice cracked as he said, “We did it, we did it.”

Podcast Conversation: Trying Not To Sound Like AI Is Changing How We Write
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From the worlds of art and creativity to international business and strategy, this episode explores how cultural fluency can become a competitive edge. Hear from Phyllis Kao, Vice President of Luxury and Auctioneer at Sotheby's; Alan Gilpin, CEO of World Rugby; Judy Liu, co-founder of Trinity Asia; and Maggie Ng, CEO of HSBC Hong Kong on how to feel at home across different cultural and geographical contexts.
This episode is sponsored by HSBC.
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to the October jobs report, along with a focus on 3 stocks for the week ahead. They include: Apple, Palantir and Airbnb.
In the UK – a look ahead to the next Bank of England monetary policy decision.
In Asia – a look ahead to the next Reserve Bank of Australia rate decision.
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