Democratic Sweep, Markets Rally & AI Stocks Slide
Channel: Bloomberg Television
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Read a transcript preview of “Democratic Sweep, Markets Rally & AI Stocks Slide” from Bloomberg Television, uploaded on 2026-11-04.
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Language: English (original, creator captions)
[0:01] >> THIS IS THE CLOSE. >> A BLUE WAVE AND THE SEA OF
[0:09] GREEN LIGHTS ON VONNIE QUINN AND WE ARE KICKING YOU OFF TO THE
[0:15] CLOSING BELL. HOURS PASSED MOST OF THE RESULTS
[0:19] COMING IN, DEMOCRATS ON PACE FOR A 30 SEAT CUSHION IN THE HOUSE
[0:27] AND AN EIGHT SEAT PICKUP IN THE SENATE.
[0:32] THE S&P IS SHOWING HIGHER 1.7 PERCENT AND IT IS NOT THE ONLY
[0:34] INDEX THAT IS HIGHER OR THE NASDAQ UP.
[0:43] THE STOCKS DOWN 3.7%, ONE OF THE INDICES THAT ARE SUFFERING
[0:50] BECAUSE OF A GLOOMY OUTLOOK ON SEMICONDUCTOR STOCKS.
[0:53] THE DOW UP 3%. EVEN WITH MASSIVE MOVES, FOR THE
[1:04] S&P 500 IT IS THE MOST MUTED ELECTION REACTION IN A DECADE.
[1:07] TYPICALLY WE SEE MASSIVE MOVES. WE WILL SEE A HUGE MOVE IN OIL,
[1:13] POTENTIAL FOR NOT AN IMMEDIATE STRIKE JAN IRAN IF EVER AGAIN.
[1:18] BRENT CRUDE IS DOWN. YIELDS LOWER, THE 10 YEAR DOWN
[1:29] TO 4.89 AND CHANGE, AND BITCOIN AND GOLD HIGHER ALTHOUGH BITCOIN
[1:32] IS A LITTLE OFF ITS HIGHS, TRADING JUST BELOW $80,000.
[1:39] INDIVIDUAL EQUITIES, YOU COULD PUT A PIN ON THE BOARD BECAUSE
[1:41] EVERY TRADE IS INTERESTING. IF YOU LOOK AT WHAT WE HAVE, CVS
[1:47] IS DOWN 11%. PICKED TODAY TO LET EVERYBODY
[1:52] KNOW IT IS BREAKING UP. WE WILL LOOK AT THAT.
[2:01] NVIDIA AS PART OF THE AI TRADE IS DOWN.
[2:03] SKEPTICISM ABOUT WHAT IS NEXT FOR AI ALTHOUGH IT IS NOT ALL
[2:04] BAD. HOMEBUILDERS HIGHER, DEFENSE
[2:09] COMPANIES SELLING OFF. THE AIRLINES ARE HIGHER.
[2:19] LOVE, SOUTHWEST, UP ON THE IDEA THAT CRUDE PRICES ARE LOWER.
[2:23] BILL PULTE IS GOING TO STICK AROUND ALTHOUGH WE MAY HAVE
[2:27] OTHER CABINET RESHUFFLES. MONICA IS HEAD OF POLICY AND
[2:32] GEOPOLITICAL STRATEGY AT MORGAN'S FAMILY.
[2:36] WHAT W