Big Tech Rallies as Election Results Reshape AI Spending Outlook | Closing Bell
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Read a transcript preview of “Big Tech Rallies as Election Results Reshape AI Spending Outlook | Closing Bell” from Bloomberg Television, uploaded on 2026-11-04.
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Language: English (original, creator captions)
[0:00] And right now we are two minutes away from the end of the trading day.
[0:03] Romaine Bostick alongside Vonnie Quinn taking you through to that closing bell.
[0:07] It's a global simulcast. We're joined now by Carol Massar and Tim
[0:10] Stenbeck. Welcome to our audiences across all of
[0:12] our Bloomberg platforms. Television, radio.
[0:14] Our partnership with YouTube here on this Wednesday, November 4th, the day
[0:19] after the U.S. midterm elections and a lot of green on
[0:22] the screen in financial markets desire relief.
[0:25] Not necessarily for who was elected into office, but the idea that we're not
[0:30] today talking about a contested election.
[0:32] Yeah. Exactly right.
[0:33] You think about the wall of worry, the list of worries for investors, right.
[0:36] You can cross off the midterms and the elections, at least for this moment.
[0:40] We know how it all played out. Now companies and maybe investors can
[0:44] start to make decisions based on how they think that will impact things.
[0:49] You know that that one area where we're we're not actually seeing green today is
[0:53] the energy trade. Vonnie.
[0:54] And this is something that I've been, you know, so focused on for the last few
[0:57] months as the price of oil has gone up. We've all been focused on this.
[1:01] Uh, I think it's fair to say voters we're focused on this going into to
[1:05] yesterday's midterms. But the decline that we're seeing today,
[1:08] 8% on Brent, 7.75% on WTI. Uh, maybe a sign that there's optimism
[1:17] about some sort of resolution in the Middle East with this, with this
[1:21] incoming, uh, Democratic wave. I don't know that