Global Tech Selloff Deepens as US Midterms Trigger AI Fears
Watch this video on YouTube ↗Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
The global stock selloff worsened in Asia, with a regional benchmark dropping the most in more than a year, on concern the US will tighten regulations on the AI industry after Democrats’ decisive election win. European futures also headed lower.
Secretary of State Marco Rubio is weighing whether to leave the Trump administration, people familiar with the matter said, as he considers his next moves following Republicans’ midterm elections wipeout this week. Rubio dismissed the report, telling the New York Times in an interview Thursday that he didn’t know where the information was coming from.
And Bank of England Governor Andrew Bailey said another interest-rate hike is more likely than not if the high energy costs seen in recent weeks return.
Today's guests: Stéphane Boujnah, Euronext, CEO; Ellie Henderson, Investec, Economist.
Chapters:
00:00:00 - Daybreak Europe
00:01:20 - Worst Rout Since 2020 Leaves Virtually Nowhere to Hide in Stocks
00:03:26 - Korea’s $1.7 Trillion Rout Burns Day Traders, Challenges Lee
00:08:05 - Crowded Hedge Fund Trades Are Unwinding Fast After Ugly October
00:12:48 - Rubio Weighs Leaving Administration After GOP’s Midterm Loss
00:16:33 - What the Democrats’ Sweep of Congress Means for Trump
00:18:59 - Strikes Disrupt French Trains, Metro and Schools
00:23:11 - Stock Slump Heads for Europe After Asia Tumbles
00:28:51 - Stéphane Boujnah, Euronext, CEO
00:39:07 - Ellie Henderson, Investec, Economist
00:43:07 - Bailey: Bigger Risk Premium Not a Surprise
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
The global stock selloff worsened in Asia, with a regional benchmark dropping the most in more than a year, on concern the US will tighten regulations on the AI industry after Democrats’ decisive election win. European futures also headed lower.
Secretary of State Marco Rubio is weighing whether to leave the Trump administration, people familiar with the matter said, as he considers his next moves following Republicans’ midterm elections wipeout this week. Rubio dismissed the report, telling the New York Times in an interview Thursday that he didn’t know where the information was coming from.
And Bank of England Governor Andrew Bailey said another interest-rate hike is more likely than not if the high energy costs seen in recent weeks return.
Today's guests: Stéphane Boujnah, Euronext, CEO; Ellie Henderson, Investec, Economist.
Chapters:
00:00:00 - Daybreak Europe
00:01:20 - Worst Rout Since 2020 Leaves Virtually Nowhere to Hide in Stocks
00:03:26 - Korea’s $1.7 Trillion Rout Burns Day Traders, Challenges Lee
00:08:05 - Crowded Hedge Fund Trades Are Unwinding Fast After Ugly October
00:12:48 - Rubio Weighs Leaving Administration After GOP’s Midterm Loss
00:16:33 - What the Democrats’ Sweep of Congress Means for Trump
00:18:59 - Strikes Disrupt French Trains, Metro and Schools
00:23:11 - Stock Slump Heads for Europe After Asia Tumbles
00:28:51 - Stéphane Boujnah, Euronext, CEO
00:39:07 - Ellie Henderson, Investec, Economist
00:43:07 - Bailey: Bigger Risk Premium Not a Surprise
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
