WEBVTT - Bloomberg Daybreak: November 9, 2022 - Hour 2 (Radio) 0:00:02.160 --> 0:00:05.400 Live from the Bloomberg Interactive Workers studios. This is Bloomberg 0:00:05.480 --> 0:00:09.160 Day Break for Wednesday, November nine two. Coming up this hour, 0:00:09.480 --> 0:00:12.600 a mixed mid term verdict from voters. Republicans head towards 0:00:12.600 --> 0:00:15.840 a slimmer House majority than expected. John Fetterman beats men 0:00:15.880 --> 0:00:19.320 A Dallas in the key Pennsylvania Senate race. Georgia maybe 0:00:19.320 --> 0:00:22.680 headed first Senate runoff between Raphael Warnock and Herschel Walker. 0:00:22.840 --> 0:00:25.439 And in New York, Kathy Hukel defeats Lee Zelden in 0:00:25.480 --> 0:00:27.920 the race for governor. A closer look at the local 0:00:27.960 --> 0:00:30.840 election results of the Troy State area. Plus North Korea 0:00:30.880 --> 0:00:34.640 has fired a suspected ballistic missile. I'm Michael Blare more ahead, 0:00:34.760 --> 0:00:37.159 I'm John Staatefower and sports a third period rally for 0:00:37.240 --> 0:00:40.080 the Islanders, debat the Rangers, the Devils one again, the 0:00:40.200 --> 0:00:43.960 Knicks play the Nets tonight. That's all straight ahead. On 0:00:44.159 --> 0:00:47.600 Bloomberg Day, Rake on Bloomberg he Live in Freo, New York, 0:00:47.760 --> 0:00:52.479 Bloomberg one, Washington, d C, Bloomberg one or six one, Boston, 0:00:52.640 --> 0:00:56.920 Bloomberg nine sixty, San Francisco, Sirius x M one nine 0:00:56.920 --> 0:01:00.280 team and around the world on Bloomberg Radio Dot M 0:01:00.360 --> 0:01:08.560 and via the Bloomberg Business. Good morning. I'm Nathan Hager 0:01:08.840 --> 0:01:13.039 and I'm Karen Moscow. Ustock Index futures are lower this morning, 0:01:13.240 --> 0:01:15.040 and we checked the markets after the mid terms of 0:01:15.200 --> 0:01:17.759 SMP Future is down about eight points down, Features down 0:01:17.840 --> 0:01:21.120 ninety two and nasday features down twenty ten year Treasury 0:01:21.120 --> 0:01:25.480 down to thirty seconds. You have four point one three, Nathan. Oh, yes, Karen, 0:01:25.480 --> 0:01:27.319 it is all about the mid term elections this morning. 0:01:27.319 --> 0:01:29.840 While the GOP has made gains in the House, control 0:01:29.840 --> 0:01:32.840 of the Senate still hangs in the balance. Amy Morris 0:01:32.880 --> 0:01:36.600 begins our team coverage from the Bloomberg newsroom in Washington. 0:01:36.920 --> 0:01:39.240 Democrats are keeping the balance of power in the House 0:01:39.280 --> 0:01:42.039 closer than anticipated. As for the Senate, it might be 0:01:42.120 --> 0:01:44.800 a while longer before the results are clear. We do 0:01:44.880 --> 0:01:48.040 know Democrat John Fetterman defeated Trump backed mem At Oz 0:01:48.080 --> 0:01:50.840 for the Senate seat from Pennsylvania with fifty percent of 0:01:50.880 --> 0:01:53.800 the vote. Oz got forty seven point six percent. I 0:01:53.880 --> 0:01:56.120 never expected that we were going to turn these red 0:01:56.200 --> 0:01:59.080 counties blue, but we did what we needed to do. 0:01:59.360 --> 0:02:02.640 Georgia may be headed for a runoff. Democrat Raphael Warnock 0:02:02.720 --> 0:02:05.640 with a slight edge over Trump backed Herssel Walker forty 0:02:05.720 --> 0:02:08.480 nine point four percent to forty eight point six percent, 0:02:08.680 --> 0:02:11.800 and the count was delayed. In Arizona after tabulation machines 0:02:11.840 --> 0:02:14.760 went down. Democrat Mark Kelly currently holds a lead over 0:02:14.800 --> 0:02:19.200 Republican Blake Masters fifty stye percent, and Nevada is expected 0:02:19.240 --> 0:02:21.760 to go uncalled until later in the week because of 0:02:21.800 --> 0:02:25.000 delays from counting mail in ballots. In Washington, I'm Amy 0:02:25.040 --> 0:02:27.680 Morris Bloomberg Daybreak. All right, Amy, thank you all. Taking 0:02:27.680 --> 0:02:30.200 a look at some other key Senate races. Trump back 0:02:30.240 --> 0:02:34.040 Republican j D. Vans defeated Democrat Tim Ryan for Ohio Senate. 0:02:34.040 --> 0:02:36.040 He won with fifty three percent of the vote. New 0:02:36.080 --> 0:02:39.320 Hampshire Democrat Maggie Hasson be Republican Don Bulldock for that 0:02:39.400 --> 0:02:42.080 state's open Senate seat with fifty four percent of the vote. 0:02:42.240 --> 0:02:45.680 Colorado Democrat Michael Bennett got the vote to keep his 0:02:45.760 --> 0:02:49.480 Senate seat over Republican Joe o'della, and North Carolina Republican 0:02:49.560 --> 0:02:52.400 Ted Bud edged out Sherry Beasley with nearly fifty one 0:02:52.400 --> 0:02:55.880 percent of votes. Meantime, in Wisconsin, the race too close 0:02:55.919 --> 0:02:59.440 to call. Republican senator Ron Johnson leads to Democrat Mandela 0:02:59.480 --> 0:03:04.280 Barnesty points six percent to forty nine percent. That's of 0:03:04.280 --> 0:03:06.560 the vote counted, and we have results from a handful 0:03:06.560 --> 0:03:08.560 of races for governor as well. Karen, Let's begin in 0:03:08.600 --> 0:03:12.280 New York, where Democrat Kathy Hokel has defeated Republican Lee Zelden. 0:03:12.480 --> 0:03:15.519 Bloomberg's Michael Barr continues our election team coverage live in 0:03:15.639 --> 0:03:19.480 New York. Michael, thank you very much. Nathan. Democrat Kathy 0:03:19.560 --> 0:03:23.400 Hokel has become the first woman elected New York governor, 0:03:23.440 --> 0:03:27.119 winning the office outright. Hokel took over in one when 0:03:27.120 --> 0:03:30.920 former Governor Andrew Cuomo resigned. Hocle defeated Lee Zelden, who 0:03:31.000 --> 0:03:34.200 ran a campaign focused on fear of violent crime. She 0:03:34.320 --> 0:03:36.920 thanks the porters last night. I want to speak directly 0:03:36.960 --> 0:03:42.640 to New Yorker's tonight. You major voices heard loud and clear. 0:03:45.400 --> 0:03:49.080 Hokel got nearly fifty three percent of the vote. Zelden 0:03:49.160 --> 0:03:53.080 received just overent. However, Zelden is not conceding. And other 0:03:53.200 --> 0:03:56.640 races called by a p for the Senate, Chuck Schumer 0:03:56.880 --> 0:04:02.000 beat Republican challenger Joe Pinion fifty six percent in Connecticut, 0:04:02.000 --> 0:04:08.240 incumbent Democratic Governor Ed Lamont, the Republican challenger Robert Stevanos, 0:04:08.360 --> 0:04:11.680 U S Senator Richard Bloemhal won his re election over 0:04:11.760 --> 0:04:18.200 Republican Leora Levy percent in New York. Michael Barr Bloomberg Radio, 0:04:18.520 --> 0:04:21.119 Karen Nathan, all right, Michael's thank you well the Parry 0:04:21.120 --> 0:04:23.640 governors who have eyes on the White House for victorious 0:04:23.760 --> 0:04:26.719 last night. Republican run de Santis in Florida and Democrat 0:04:26.760 --> 0:04:30.000 Gavin Newsom in California both handily won re election to 0:04:30.080 --> 0:04:34.000 Santa's feat Democratic challenger Charlie christ garnering sixty of the vote. 0:04:34.040 --> 0:04:37.719 In Florida, I believe the survival of the American experiment 0:04:38.160 --> 0:04:44.160 requires a revival of true American principles. Florida has proved 0:04:44.360 --> 0:04:47.080 that it can be done, and that victory speech from 0:04:47.120 --> 0:04:50.120 De Santis did not mention Donald Trump or speculation that 0:04:50.120 --> 0:04:53.320 he'll run for president. In California, Newsom easily defeated his 0:04:53.320 --> 0:04:57.719 Republican challenger, Brian Dolly, with almost sixty of the vote. Overall, Careen, 0:04:57.760 --> 0:05:00.240 there were thirty six races for governor this year. Let's 0:05:00.279 --> 0:05:03.080 get more on those highlights now Live from Bloomberg's John Tucker, 0:05:03.160 --> 0:05:05.760 Good Morning John, and Nathan. Democrats pulled out wins in 0:05:05.800 --> 0:05:09.920 some key states. In Michigan, Democrat Gretchen Whitmer defeating Republican 0:05:09.960 --> 0:05:13.279 Tudor Dixon with fifty three percent of the vote. Democrats 0:05:13.320 --> 0:05:18.360 John Shapiro wanting in Pennsylvania, beating Republican Doug Mastriano withcent 0:05:18.440 --> 0:05:22.120 of the vote. Wisconsin, incumbent democarrent governor Tony Evers got 0:05:22.160 --> 0:05:24.800 fifty one percent of the votes to win over Republican 0:05:24.920 --> 0:05:30.159 Tim Michaels. Colorado's Democratic governor Jared Poulis garnered fifty seven 0:05:30.160 --> 0:05:33.320 percent of the vote to beat the Republican heideganal. In 0:05:33.400 --> 0:05:37.480 New Mexico, Democrat Michelle LeJean Grisham beat Republican Mark and 0:05:37.560 --> 0:05:41.039 Chetty with fifty two percent of the votes. Illinois g JV. 0:05:41.200 --> 0:05:45.360 Prisker defeated Trump back Republican Darren Bailey with fifty fo 0:05:45.480 --> 0:05:49.160 percent of the vote. In Georgia, Republican governor Brian Kent 0:05:49.320 --> 0:05:52.280 got fifty three percent of the vote to beat Democrats 0:05:52.279 --> 0:05:55.279 Stacy Abrams. And finally, a key governor's race yet to 0:05:55.279 --> 0:05:59.479 be decided in Arizona, Democrat Katie Hobbs currently leads Trump 0:05:59.480 --> 0:06:02.480 back repl booking carry Lake fifty one point three percent 0:06:02.800 --> 0:06:06.080 to forty eight point seven percent. Just under sixty one 0:06:06.160 --> 0:06:10.279 percent of votes have been counted so far. Karen, Nathan, Sorry, John, 0:06:10.320 --> 0:06:12.320 thank you all. Overall, it was a historic night at 0:06:12.320 --> 0:06:14.640 the polls. More women than ever ran for governor, more 0:06:14.640 --> 0:06:17.680 Black women ran for Congress, and more LGBTQ people vied 0:06:17.760 --> 0:06:20.039 for a spot in the House or Senate. As you 0:06:20.080 --> 0:06:22.920 mentioned before, Kathy Hoco became the first woman elected governor 0:06:22.960 --> 0:06:25.440 in New York and Massachusetts. Maria Healey will be the 0:06:25.480 --> 0:06:27.919 first woman elected to serve as that stays governor, and 0:06:28.000 --> 0:06:31.600 Democrat Westmore will be Maryland's first black governor. And Republicans 0:06:31.640 --> 0:06:34.440 Sarah Huckabee Sanders has become the first woman elected to 0:06:34.480 --> 0:06:37.719 serve as governor of Arkansas. Abortion rights around the ballot 0:06:37.720 --> 0:06:41.000 in several states as well. Karen, California, Michigan, and Vermont 0:06:41.000 --> 0:06:44.320 all voted to enshrine the right to abortion in their constitutions. 0:06:44.360 --> 0:06:46.640 On the flip side, Kentucky and Montana have measures on 0:06:46.680 --> 0:06:49.640 the ballot to limit abortion access. Votes on those initiatives 0:06:49.680 --> 0:06:52.040 are still too close to call. Currently fifty two and 0:06:52.080 --> 0:06:54.080 a half percent of voters in Kentucky have said not 0:06:54.160 --> 0:06:56.400 to limit abortion access, with eighty six percent of the 0:06:56.480 --> 0:06:59.200 vote counted. The trend is similar in Montana. We're nearly 0:06:59.240 --> 0:07:01.840 fifty three and voted not to live in abortions. Just 0:07:03.040 --> 0:07:05.960 votes are counted there. And in the interrance of transparency, 0:07:06.000 --> 0:07:08.320 we should note that Michael Larr Bloomberg, the majority owner 0:07:08.320 --> 0:07:11.480 of Bloomberg Radio parent Bloomberg LP, was a major donor 0:07:11.520 --> 0:07:15.280 to Democratic candidates and causes this election cycle. Straight ahead 0:07:15.280 --> 0:07:18.080 your latest local headlines plus a check of sports, and 0:07:18.320 --> 0:07:24.640 this is Bloomberg. Thanks gain Karen. It is six oh 0:07:24.640 --> 0:07:27.720 seven on Wall Street where forty degrees in Central Park. 0:07:27.760 --> 0:07:29.600 Michael bars back with what else is going on in 0:07:29.640 --> 0:07:32.200 New York and around the world. Michael, thank you very much. Nathan. 0:07:32.240 --> 0:07:35.840 Taking a look at other local races and results, Republican 0:07:35.920 --> 0:07:39.120 Tom Kane won the house race in New Jersey seventh 0:07:39.120 --> 0:07:44.400 Congressional district, beating Democratic incumbent Tom Melanowski came got fifty 0:07:44.440 --> 0:07:47.280 two percent of the vote. Kane, a former state senator, 0:07:47.440 --> 0:07:52.120 narrowly lost to Malanowski in a house race. Also in 0:07:52.120 --> 0:07:55.160 New Jersey, Democrat Mikey Cheryl won another term in the 0:07:55.240 --> 0:07:58.720 US House, beating the GOP's Tom the Groot. Cheryl received 0:07:58.760 --> 0:08:04.200 fifty eight percent. Democratic Representative Josh Gottheimer beat Republican challenger 0:08:04.280 --> 0:08:07.840 Frank Pallatta. Gotdheimer received more than fifty four percent of 0:08:07.840 --> 0:08:10.920 the vote. Taking a look now at more races in 0:08:10.960 --> 0:08:14.640 New York, Republican Nicole Maliatakas has one re election to 0:08:14.680 --> 0:08:18.040 the House in New York's eleventh Congressional district, after defeating 0:08:18.080 --> 0:08:21.040 Max Rose. She gave a victory speech to her supporters 0:08:21.160 --> 0:08:43.120 last night about to retire. He was a valerie. Perhaps 0:08:43.120 --> 0:08:51.400 you were able to retire. Aliatakas got sixty two percent 0:08:51.440 --> 0:08:56.160 of the vote. Democrat Alexandria Ocassio Cortez has one another 0:08:56.320 --> 0:08:59.839 House term, easily beating her Republican opponent, Tina Forte with 0:09:00.120 --> 0:09:03.160 more than seventy of the vote. Some House races in 0:09:03.200 --> 0:09:06.839 New York are too close to call. Republican Marcus Mullanaro 0:09:07.000 --> 0:09:09.880 and Democrat Josh Riley are in a tight race for 0:09:09.920 --> 0:09:14.480 New York's nineteenth district, separated by just one point two percent. 0:09:14.559 --> 0:09:18.600 Molan is currently in the league. Republican Michael Lawler is 0:09:18.640 --> 0:09:22.880 slightly ahead of Democrats Sean Patrick Maloney in the seventeenth district. 0:09:23.240 --> 0:09:26.679 They are separated by just eight tenths of a percent. 0:09:27.160 --> 0:09:29.520 In Connecticut, it is too close to call for the 0:09:29.559 --> 0:09:34.080 House seat between Democratic incumbent Johannah Hayes and Republican George 0:09:34.120 --> 0:09:39.320 Logan with count it, it's Hayes to Logan at forty. 0:09:40.840 --> 0:09:43.080 There is another story that is important that we have 0:09:43.120 --> 0:09:45.600 to tell you about. North Korea fired a short range 0:09:45.600 --> 0:09:50.160 ballistic missile toward waters off its east coast today. According 0:09:50.200 --> 0:09:53.440 to Japan, the missile flew about two fifty kilometers. It 0:09:53.559 --> 0:09:57.079 apparently landed outside of Japan's Exclusive economic zone, and there 0:09:57.120 --> 0:10:00.120 have been no reports of damage. Global News it was 0:10:00.160 --> 0:10:03.120 twenty four hours a day on air and on Bloomberg 0:10:03.200 --> 0:10:06.959 Quick Take, powered by more than seven under journalists and 0:10:06.960 --> 0:10:10.280 antalists in more than one d twenty countries. I'm Michael 0:10:10.320 --> 0:10:18.040 barn This is Bloomberg. Thanks Michael six cent on Wall 0:10:18.080 --> 0:10:19.880 Street Town for the Bloomberg Sports update, brought to you 0:10:19.920 --> 0:10:22.280 by tri State out He here's John Stesshion. All right, Nathan, 0:10:22.280 --> 0:10:24.840 there are three New York Area hockey teams. Two are 0:10:24.880 --> 0:10:27.480 hop the Rangers are not. Blue Shirts lost their third 0:10:27.559 --> 0:10:30.440 arrow at the Garden. The Islanders rallied for three third 0:10:30.440 --> 0:10:32.439 period goals to win four to three, and they've now 0:10:32.480 --> 0:10:35.400 won seven of their last eight. The Devils have won 0:10:35.480 --> 0:10:37.920 all of their last seven of division, leading ten and 0:10:38.040 --> 0:10:40.960 three three to home went over Calgary, and the Devil's 0:10:41.000 --> 0:10:44.280 doing this without goalie Mackenzie Blackwood. He's gonna miss three 0:10:44.280 --> 0:10:46.920 to six weeks knee injury, and their big off season 0:10:47.000 --> 0:10:50.240 pick up Andre Polot is out eight to ten weeks injured. 0:10:50.320 --> 0:10:54.280 Drawing Nixon nets tonight at Barkley's first meeting of the season, 0:10:54.360 --> 0:10:58.959 the Kyrie Irving suspension continues. Irving met yesterday with NBA 0:10:59.000 --> 0:11:01.320 Commissioner Adams Silver. It was said to have been a 0:11:01.360 --> 0:11:05.280 productive meeting. Just as Jacob gram made his free agency official, 0:11:05.360 --> 0:11:08.280 the Mettrs said to have begun talks with his agent, 0:11:08.320 --> 0:11:11.240 Anthony whoso may stick with the Yankees. They tendered him 0:11:11.240 --> 0:11:14.199 a qualifying offer so he could stay. He'd make about 0:11:14.280 --> 0:11:16.719 nineteen and a half million if he leads as a 0:11:16.760 --> 0:11:20.120 free agent. Yanks would get a draft pick compensation. College 0:11:20.160 --> 0:11:23.520 football play after many stop born this way, Georgia, Ohio State, 0:11:23.760 --> 0:11:27.760 Michigan TCU all Board nine and oh Tennessee lost to 0:11:27.800 --> 0:11:30.760 Georgia fell from first down the fifth. Alabama lost at 0:11:30.840 --> 0:11:33.440 L s U and dropped the ninth, and Clemson lost 0:11:33.440 --> 0:11:36.360 at Notre Dame and went from third down to tenth. 0:11:36.600 --> 0:11:40.000 Indianapolis Colts just made the coaching change and now they 0:11:40.080 --> 0:11:43.760 have said that thirty year old Parks Fraser will call 0:11:43.880 --> 0:11:46.880 the plays Sunday. He was the assistant QB coach. He's 0:11:46.920 --> 0:11:50.440 never before called plays. John Stashar, Bloomberg Sports, Nathan John, 0:11:50.440 --> 0:11:52.560 This red headline just a crossed the Bloomberg terminal. Facebook 0:11:52.559 --> 0:11:56.120 parent Meta Platforms confirms more than eleven thousand job cuts 0:11:56.120 --> 0:11:59.440 and the hiring freeze through the first quarter. Meta shares 0:11:59.640 --> 0:12:03.679 up three point four percent in early trading. This is Bloomberg. 0:12:07.080 --> 0:12:09.560 Bloomberg Sports was brought to you by Audie. Don't let 0:12:09.559 --> 0:12:11.839 someone else drive off in the Audi model. You've always 0:12:11.840 --> 0:12:13.839 wanted to visit your local price State Audie Dealer to 0:12:13.880 --> 0:12:16.120 get behind the wheel of yours today, or visit Audie 0:12:16.120 --> 0:12:24.000 Offers dot Com from more information, markets, headlines and breaking 0:12:24.000 --> 0:12:26.920 news twenty four hours a day at Bloomberg dot Com, 0:12:27.000 --> 0:12:30.640 the Bloomberg Business Atland at Bloomberg Quick Tape, He's a 0:12:30.679 --> 0:12:39.960 Bloomberg Business Flash and I'm Karen Moscow and we are 0:12:39.960 --> 0:12:43.920 watching shares of Facebook parent meta platforms this morning. They 0:12:44.000 --> 0:12:48.280 are currently up about three percent in early trading. Chief 0:12:48.280 --> 0:12:51.160 executive Mark Zuckerberg saying the company will cut more than 0:12:51.200 --> 0:12:53.880 eleven thousand jobs in the first major round of layoffs 0:12:53.880 --> 0:12:57.400 in the social media giants history. The reductions equal about 0:12:57.960 --> 0:13:02.120 pent of the workforce. Meanwhile, futures are now little changed 0:13:02.160 --> 0:13:05.439 following the mid terms. SMP futures again that will change 0:13:05.440 --> 0:13:08.640 now features down sixty five and nasdack future is little changed. 0:13:08.840 --> 0:13:11.679 The decks in Germany is down about half percent. Ten 0:13:11.760 --> 0:13:14.120 year treasury down to thirty seconds. You have four point 0:13:14.120 --> 0:13:16.280 one three percent, may yield them a two year four 0:13:16.320 --> 0:13:19.640 point six six percent. Nimex screwed oil is down half 0:13:19.679 --> 0:13:21.680 per cent or forty five cents and eighty eight dollars 0:13:21.679 --> 0:13:24.360 forty six cents of barrel Comx goal down two tenths 0:13:24.360 --> 0:13:26.920 per centers three dollars at seventeen twelve eighty and ounce. 0:13:27.280 --> 0:13:30.080 The euro one point zero zero five nine against the dollar, 0:13:30.160 --> 0:13:32.640 British bound one point one four six two, the n 0:13:32.720 --> 0:13:35.640 one forty five point six one, and Bitcoin is down 0:13:35.679 --> 0:13:39.040 more than five percent at seventeen thousand seven hundred dollars. 0:13:39.360 --> 0:13:41.840 That's a Bloomberg business flash. Now here's Michael Barr with 0:13:41.840 --> 0:13:44.240 more on what's going on around the world. Michael, thank 0:13:44.280 --> 0:13:46.920 you very much, Karen. Many votes are still being counted 0:13:46.920 --> 0:13:50.400 from Tuesday's mid term elections, but Republicans are still favorites 0:13:50.440 --> 0:13:54.120 to take back the House. Speaking at an election night 0:13:54.240 --> 0:13:57.760 event in Washington, d C. House Minority Leader Kevin McCarthy 0:13:57.800 --> 0:14:01.720 was very confident, thank you to everyone who voted Republican 0:14:01.880 --> 0:14:08.200 for the very first time. Democrat John Federman will be 0:14:08.240 --> 0:14:11.439 the next Senator from Pennsylvania, meeting as a Republican opponent. 0:14:11.559 --> 0:14:16.719 Dr memidaz Federment addressed supporters in Pittsburgh overnight, describing as 0:14:16.800 --> 0:14:20.480 campaign six months after he suffered a stroke. This campaign 0:14:20.520 --> 0:14:23.080 has always been about fighting for everyone who's ever been 0:14:23.120 --> 0:14:27.600 got knockdown, that ever got back up. Democrat Cathy HOCl 0:14:27.640 --> 0:14:31.320 has become the first woman elected New York governor, winning 0:14:31.320 --> 0:14:35.720 the office outright. Hokel took over here one when former 0:14:35.720 --> 0:14:40.200 Governor Andrew Cuomo resigned. Hocal defeated Republican Congressman Lee Zelden, 0:14:40.240 --> 0:14:43.360 who ran a campaign focus on fear of violent crime. 0:14:43.720 --> 0:14:46.360 In Texas, Governor Greg Abbott fended off a challenge from 0:14:46.400 --> 0:14:50.840 Democrat Beto O'Rourke. Governor Abbott addressed supporters pointing to border 0:14:50.840 --> 0:14:53.080 security as one of the main issues driving votes in 0:14:53.120 --> 0:14:56.400 his state. Abbott also says we must never forget our 0:14:56.440 --> 0:15:01.080 schools are for education, not indoctrination. Global News twenty four 0:15:01.120 --> 0:15:04.680 hours a day on air and on Bloomberg Quicktake, powered 0:15:04.680 --> 0:15:08.600 by more than under journalist and analysts more than twenty countries. 0:15:08.800 --> 0:15:11.440 I'm Michael barn This is Bloomberg, Nathan. Thank you, Michael. 0:15:11.440 --> 0:15:13.640 It's six twenty on Wall Street Line from the Bloomberg 0:15:13.640 --> 0:15:16.680 Interactive Broker Studios. This is Bloomberg Daybreak and for more 0:15:16.680 --> 0:15:19.680 post election analysis, We're joined live by Wendy Schiller, director 0:15:19.720 --> 0:15:22.800 of the Topman Center for American Politics and Policy at 0:15:22.800 --> 0:15:25.560 Brown University. Professor, It's always great to speak with you, 0:15:25.640 --> 0:15:28.560 particularly after an election day. And I think we heard 0:15:28.560 --> 0:15:33.160 from Republican Senator Lindsey Graham last night saying this doesn't 0:15:33.200 --> 0:15:35.840 look like a red wave to me. What does this 0:15:35.880 --> 0:15:39.720 election look like to you? Professor? Good morning, Athan, Um, 0:15:39.760 --> 0:15:42.880 it looked people are gonna find a surprising, like a 0:15:42.920 --> 0:15:47.920 pretty normal mid term election, because in midchem elections, people 0:15:48.080 --> 0:15:52.360 take their anger frustration against the Party of the White House, 0:15:52.360 --> 0:15:54.680 where you know, owns the White House, and they go 0:15:54.840 --> 0:15:56.640 and they're mobilized a vote to sort of send a 0:15:56.680 --> 0:15:58.840 signal saying we don't like what you've done and we 0:15:58.920 --> 0:16:02.240 want you to change. What's interesting here is so many 0:16:02.440 --> 0:16:06.160 races dependent on individual candidates and really were state specific. 0:16:06.440 --> 0:16:09.120 So you saw in places where governors did well as 0:16:09.240 --> 0:16:11.560 long as they lifted up the Senate candidate. I think 0:16:11.560 --> 0:16:14.400 you make that argument. In Pennsylvania with Fetterman and josh A. 0:16:14.440 --> 0:16:16.880 Piro ran for governor, you know, he kind of he 0:16:17.360 --> 0:16:19.800 won big, and I think that had to have helped betterment. 0:16:19.840 --> 0:16:21.880 Even in our little state of Rhode Island, we had 0:16:21.880 --> 0:16:23.840 a governor that won by a much bigger margin than 0:16:23.880 --> 0:16:26.720 people expected, and the Democrat eked out of victory in 0:16:26.760 --> 0:16:29.480 the congressional district where he was expected to lose based 0:16:29.480 --> 0:16:33.920 on polling. So some really traditional electoral dynamics at play here, 0:16:34.160 --> 0:16:39.360 party machines, organization, turnout um, and individual candidate quality. Uh So, 0:16:39.480 --> 0:16:42.400 given the inflation numbers and the perception that the economy 0:16:42.520 --> 0:16:44.680 is bad or that it will get bad, you know, 0:16:44.720 --> 0:16:47.040 that's something else we can talk about Um, you would 0:16:47.040 --> 0:16:49.880 have expected that problems do better. And in some cases 0:16:49.960 --> 0:16:53.520 it looks like either the individual candidate or the reputation 0:16:53.600 --> 0:16:56.360 for what the Republicans would do once they captured Congress 0:16:56.560 --> 0:16:58.880 got in their way last night. Now, it's interesting that 0:16:58.960 --> 0:17:02.880 you framed this is a normal mid term election result, 0:17:03.000 --> 0:17:06.240 because I think we've talked before about the last few 0:17:06.240 --> 0:17:10.040 election cycles. You think about former President Donald Trump, former 0:17:10.080 --> 0:17:13.640 President Barack Obama two years into the their terms. Uh. 0:17:13.920 --> 0:17:16.919 Former President Obama at the time called the result against 0:17:16.960 --> 0:17:22.159 the Democrats then a shellacking. We didn't get that this time. No, 0:17:22.600 --> 0:17:24.680 but but think about that. You know, you're mentioning really 0:17:24.880 --> 0:17:27.440 key points in political history for the United States. Plus, 0:17:28.600 --> 0:17:30.560 of course New Kingbridge is a big victory capturing the 0:17:30.600 --> 0:17:33.640 House in the Senate, but those are some those are big, 0:17:33.680 --> 0:17:37.600 big mid term election waves. And so this this, I mean, 0:17:37.840 --> 0:17:41.080 you would think that the Republicans should have done better. Uh. 0:17:41.119 --> 0:17:43.080 And they're probably gonna win the control of the House, 0:17:43.119 --> 0:17:45.840 but not by a lot. And we know that when 0:17:45.920 --> 0:17:49.280 majorities have narrow when parties have now majorities, it's tough 0:17:49.320 --> 0:17:51.720 to govern and tough to get things done. Uh, and 0:17:51.800 --> 0:17:54.640 usually embolden some wing of the party left or right. 0:17:55.040 --> 0:17:57.760 So that's going to be tough roads from McCarthy. Uh. 0:17:57.800 --> 0:17:59.760 And so you look at it. But what I mean 0:17:59.760 --> 0:18:03.159 by normal, I mean the fundamentals of American politics and 0:18:03.240 --> 0:18:05.520 you know, the idea of democracy dying. Some people are 0:18:05.640 --> 0:18:08.280 very concerned about voting rights and turn out. Uh. And 0:18:08.320 --> 0:18:11.320 we saw that for the for the majority of election 0:18:11.359 --> 0:18:14.919 deniers at the highest level. We still to wait for Arizona. 0:18:15.240 --> 0:18:17.520 You know, they were rejected by voters. So I think 0:18:17.520 --> 0:18:20.160 that's a really important thing and big turn out, right, 0:18:20.200 --> 0:18:22.200 and we are still waiting for a concession as well 0:18:22.240 --> 0:18:25.560 from Republican Lees Eldon, who was backed by former President 0:18:25.560 --> 0:18:28.119 Trump in New York. And you mentioned the race in 0:18:28.240 --> 0:18:31.679 Arizona as well. Do you have any lingering concerns that 0:18:31.720 --> 0:18:34.800 we could see a fight over election integrity in some 0:18:34.920 --> 0:18:38.760 of those closely watched races. Sure, I mean I think 0:18:38.760 --> 0:18:41.800 where we won't see that is Georgia. There may be lawsuits, 0:18:41.800 --> 0:18:44.080 but we've seen Kemp and Rapsonsburg as a team before 0:18:44.080 --> 0:18:48.720 in um most certainly defending the system. And so since 0:18:48.800 --> 0:18:51.520 Kemp won by a big margin, I can't see I 0:18:51.560 --> 0:18:55.000 can't see Georgia being nearly as contested. But Arizona, you know, 0:18:55.119 --> 0:18:57.840 looks very dacy, I think in that respect, and well 0:18:57.920 --> 0:18:59.919 and Donald, that's how a bad night. In other ways, 0:19:00.200 --> 0:19:02.160 may it made a lot of games in Nevada over 0:19:02.160 --> 0:19:04.560 the years in terms of their their voting strength. It 0:19:04.600 --> 0:19:07.800 looks like those games have disappeared. It looks like that 0:19:07.840 --> 0:19:09.720 both the Senate and the governor's seat are going to 0:19:09.760 --> 0:19:12.280 go Republican. We don't know quite yet. And Arizona has 0:19:12.280 --> 0:19:14.240 always been sort of a deep red state and sort 0:19:14.240 --> 0:19:16.480 of purple, and now it looks like it's sliding back 0:19:16.720 --> 0:19:19.159 to rhet So I think there are a lot of 0:19:19.280 --> 0:19:22.200 races in those pick up states. I think for Democrats 0:19:22.280 --> 0:19:26.000 recently in presidential elections look much diicier for four On 0:19:26.040 --> 0:19:28.800 the other hand, Michigan held their governorship for the Democrats, 0:19:28.840 --> 0:19:32.320 and Wisconsin and Pennsylvania. Uh, And you know that that 0:19:32.400 --> 0:19:35.959 tells you something about just how contested American politics is. 0:19:36.040 --> 0:19:39.680 And rather than being depressed about polarization, we can also 0:19:39.720 --> 0:19:42.920 look at it saying that we're vibrant, were competitive, and 0:19:43.000 --> 0:19:45.760 for the most part, most of the electoral results will 0:19:45.800 --> 0:19:48.920 be accepted peacefully. And I think that's a very key 0:19:48.920 --> 0:19:52.119 takeaway from this election. Now we're speaking with Wendy Schiller, 0:19:52.200 --> 0:19:54.800 the director of the Topman Center for American Politics and 0:19:54.840 --> 0:19:58.320 Policy at Brown University in Rhode Island. You know, the 0:19:58.359 --> 0:20:01.359 morning after any election, Professor, we think about what the 0:20:01.400 --> 0:20:04.400 mandate is for either party. When we have this kind 0:20:04.400 --> 0:20:08.120 of narrow result for Republicans and a better than expected 0:20:08.160 --> 0:20:12.720 result for Democrats, even if they go into a divided 0:20:12.760 --> 0:20:16.639 government here, what is the mandate for either party? I 0:20:16.680 --> 0:20:19.439 think the mandate comes from looking at independent voters and 0:20:19.560 --> 0:20:23.280 how they visit ibk R dot com slash interest rates 0:20:23.320 --> 0:20:27.159 to learn more. Up first, Republicans made gains in the 0:20:27.200 --> 0:20:30.040 House this mid term election cycle, but control of the 0:20:30.080 --> 0:20:33.639 Senate hangs in the balance. Democrats flipped a key Senate 0:20:33.720 --> 0:20:37.520 race in Pennsylvania, with Democrat John Federman defeating Republican memit 0:20:37.600 --> 0:20:41.360 Oz has always been about fighting for everyone who's ever 0:20:41.400 --> 0:20:47.439 been knocked lockdown, and Democrat John Fetterman, who has been 0:20:47.520 --> 0:20:50.320 recovering from a stroke, one with fifty point one percent 0:20:50.359 --> 0:20:52.560 of the vote. In Ohio, Kare and Republican j d 0:20:52.720 --> 0:20:55.480 Vance defeated Democrat Tim Ryan for a Senate sea garner 0:20:56.200 --> 0:20:59.479 percent of the vote. Democrat Maggie Hassant got fifty when 0:20:59.520 --> 0:21:03.159 you Hampshire Senate seat over Republican Don Bulldock. Meanwhile, Wisconsin, 0:21:03.440 --> 0:21:07.080 Wisconsin's too close to call. Republican Senator Ron Johnson leads 0:21:07.119 --> 0:21:10.359 Democratic challenger Mandela Barnes with fifty point six percent and 0:21:10.359 --> 0:21:12.600 it's still too close to call as well in Georgia, 0:21:12.680 --> 0:21:16.240 with Democratic Senator Raphael Warnock leading Republican Herschel Walker with 0:21:16.400 --> 0:21:19.560 forty percent of the vote. Well, New York, Nathan Democrat 0:21:19.640 --> 0:21:23.119 kathycho Hoco was elected governor, which just under fifty three 0:21:23.160 --> 0:21:27.400 percent of votes. You made me the first woman ever 0:21:27.440 --> 0:21:29.199 elected to is the governor of the state of New 0:21:29.280 --> 0:21:32.440 York and New York and Democrat Cathy Hokel defeated Republican 0:21:32.520 --> 0:21:35.560 Lee Zelden, who has not conceded the race. In Connecticut, 0:21:35.640 --> 0:21:38.600 Karen Democratic Governor Ned Lamont won fifty five percent to 0:21:38.640 --> 0:21:42.960 beat Republican Bob Stefanowski. Democratic Senator Richard Blumenthal beat Republican 0:21:43.040 --> 0:21:46.200 le Or Levy with fifty six percent. And Florida Nathan 0:21:46.240 --> 0:21:50.440 Republican Rhonda Santas defeated Democrats Harley christ I am honored 0:21:50.640 --> 0:21:54.240 by your support and I look forward to the road ahead. 0:21:54.520 --> 0:21:57.720 Florida Governor Rohnde Santa secured close to sixty percent of votes. 0:21:57.800 --> 0:22:01.200 In California, Governor Gavin Knewsom handily be the Republican challenger 0:22:01.240 --> 0:22:04.760 Brian Dolly, garneringty percent of votes, and the Democrats on 0:22:04.880 --> 0:22:08.560 other governors, Racist Karen Michigan's Gretchen Whitmer defeated Republican Tutor 0:22:08.600 --> 0:22:13.240 Dixon with fifty In Pennsylvania, Democrat Josh Shapiro the Republican 0:22:13.280 --> 0:22:17.680 Dogmaster j with of votes. And Wisconsin's Democratic governor Tony 0:22:17.680 --> 0:22:21.800 Evers won over Republican Tim Michael's garnering of the vote. 0:22:22.280 --> 0:22:26.040 And Arizona's governorship is not decided. Nathan and Democrat Katie 0:22:26.040 --> 0:22:29.160 hobbs Ley's Trump back Republican Kerry Lake to tally there. 0:22:31.200 --> 0:22:32.639 And we want to tell you this in the interest 0:22:32.640 --> 0:22:36.480 of transparency. Michael R. Bloomberg, majority owner of Bloomberg Radio 0:22:36.520 --> 0:22:40.240 parent company Bloomberg LP, was a major donor to Democratic 0:22:40.280 --> 0:22:43.280 candidates this election cycle. And that's the fine things you 0:22:43.320 --> 0:22:44.959 need to know to start your day, brought to you 0:22:45.040 --> 0:22:47.320 by Interactive Brokers. But we're also going to add them 0:22:47.359 --> 0:22:50.720 Meta Platforms. That's the parent company of Facebook has confirmed 0:22:50.800 --> 0:22:53.520 job cuts of about percent and let more than eleven 0:22:53.560 --> 0:22:57.680 thousand of employees. Go CEO Mark Bozuckerberg is also saying 0:22:57.680 --> 0:23:01.520