President Donald Trump said he was tapping longtime aide Stephen Miller as his new chief of staff and that Susie Wiles will move to his political operation, shaking up his White House team days after a devastating midterm result. We get analysis from Jeff Mason, Bloomberg Washington Correspondent & ‘Balance of Power’ co-host Kailey Leinz. Meantime, US stocks pared earlier gains as investors questioned whether the worst of a historic tech selloff is over and dissect the artificial intelligence trade. Bloomberg’s Seth Fiegerman takes a closer look, while AIB Data Centers CFO Jolienne Halisky joins for our CFO Briefing. Plus – Grindr CEO George Arison discusses the company’s latest earnings report. All on the latest edition of Bloomberg Businessweek Daily.

Chapters:
00:00:00 Bloomberg Businessweek Daily
00:04:09 Markets: Semiconductors Plunge
00:05:56 Chipmakers, AI & the Blue Wave
00:08:14 Can Chip Demand Keep Up With the AI Boom?
00:12:08 Markets React to Data Center Backlash
00:15:18 AI Trade, Nvidia & Safe Havens
00:17:44 Data Center Loans & Financing Risks
00:19:03 Markets: Tech Selloff Continues
00:20:53 Microsoft Pulls Back From Risky Data Centers
00:22:39 Data Center Regulation & Political Risk
00:25:26 AI Growth vs. Community Concerns
00:28:08 Neo-Clouds Face New Regulatory Hurdles
00:30:12 Software Stocks & the AI Trade
00:32:10 AI Spending & Overseas Data Centers
00:34:25 Steel, Tariffs & the Midterm Impact
00:38:00 Data Centers, Metals & Industrial Demand
00:40:00 Iran War, Oil & Interest Rates
00:42:35 Markets Come Off Their Lows
00:45:59 Stock Movers: Sandisk, CoreWeave & AI
——–
More on Bloomberg Television and Markets

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Patrick McHenry, former House Financial Services Committee Chair, says tonight’s midterm election results have been a “bloodbath” for Republicans. He says higher inflation has hurt the GOP.
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The fight for control of the US Senate has expanded to the deeply conservative farm state of Nebraska. An independent candidate, who says he wants nothing to do with either party, is closing in on the republican favorite. Caitlin Reilly explains
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Rep. Subramanyam (D-VA) says Democrats want to prevent the data-center industry from steamrolling communities by building near homes and schools or making residents bear higher power costs. Rep. Subramanyam supports building data centers but believes a federal approach is needed instead of addressing development community by community and state by state. Rep. Subramanyam thinks there is a bipartisan path forward for data-center rules and that part of his plan has already advanced through committee. He speaks with Joe Mathieu and Kailey Leinz on Bloomberg’s “Balance of Power.”
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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than “Bloomberg Surveillance.”

Chapters:
00:00 Tech Rout, AI Reckoning and Jobs Day
06:03 There Was No Big Trigger for the Selloff — Sebastien Page, T. Rowe Price
18:41 Data Center Backlash Won’t Halt US Buildout — Clayton Allen, Eurasia Group
30:13 Data Centers Will Get Built — Matt Bryson, Wedbush Securities
41:55 Fed Should Keep Hiking Despite Market Selloff — Aditya Bhave, BofA Global Research
52:52 Treasuries Are Working as a Hedge Again — Priya Misra, JPMorgan Asset Management
1:07:02 Data Center Backlash Is a Bipartisan Movement — Adam Hodge, Bully Pulpit International
1:18:03 Goldman Raises Brent Forecast to $105 — Samantha Dart, Goldman Sachs
1:28:22 Fed Policy Isn’t Restrictive Yet — Esther George, Fmr. Kansas City Fed President
1:41:14 More Selling Pressure Could Be Ahead — Nadia Lovell, UBS Wealth Management
1:52:45 Nvidia Selloff Is Overdone — Jay Goldberg, Seaport
2:01:02 US Adds 165,000 Jobs in October, Topping All Estimates
2:05:00 Strong Jobs Report Keeps December Fed Hike in Play — Stephanie Roth, Wolfe Research
2:15:08 Markets Focused More on AI Than Jobs — Jeffrey Rosenberg, BlackRock
——–
Watch it live every week day from 6-9 ET on Bloomberg Television, YouTube, Roku, Apple TV, Samsung TV, Android TV, Rakuten TV.

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