Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Following Tuesday's dominant electoral showing, Democrats are likely to press regulators and companies about the prediction market industry, which has rocked the sports betting world and spurred a legal fight with states that could end up at the US Supreme Court. However, the industry itself had a strong showing of its own on Election Night, with its real-time betting odds providing an accurate read on the political landscape. For more, we speak with Nicole Kagan, Researcher at Kalshi.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Riding a tide of voter angst, Democrats swept into power in Congress, with outrage over the cost of living and the war in Iran leading to a thundering rebuke of President Donald Trump and his party just two years after his dominant White House comeback. In a seismic political shift, Democrats’ strength suggested a breakdown of the coalition that delivered Trump a second term. The election results threaten to slow the pace of the AI infrastructure buildout, with policymakers potentially turning up the heat on increasingly unpopular data center projects.

On today's episode:
Joe Mathieu, Bloomberg 'Balance of Power' Co-Host
Brody Ford, Bloomberg News Tech Reporter
Nathan Dean, Bloomberg Intelligence Senior US Policy Analyst
Joe Lovinger, Bloomberg News Texas Reporter
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Many voters are giving President Donald Trump poor marks for his handling of the cost of living, and inflation is still high, which is the number that ultimately is more important to them. On affordability and the pricing behaviors of some businesses, Bloomberg’s Max Chafkin recently reported on the left-leaning nonprofit. Groundwork Collaborative, that’s focused on what it calls “surveillance pricing” -- the idea that retailers might charge customers different prices for items in stores and online based on all the data the companies have collected about them. Chafkin and Groundwork Collaborative CEO Lindsay Owens join to discuss.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
The midterm elections have already set a record as the most expensive in US history, exceeding even the 2024 presidential race. Total spending on campaign ads this year is projected to surpass $12 billion, while more than 57 million Americans cast their ballots early. Voters say they are frustrated by the high cost of living, fuel prices that spiked after the launch of the Iran war, and uncertainty over where their jobs and the world’s largest economy are headed in the age of AI.
On today's episode:
Rick Davis, Partner at Stonecourt Capital & Bloomberg Politics Contributor
Bill Allison, Bloomberg News Campaign Finance Reporter
Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst
Wayne Sanders, Bloomberg Intelligence Senior Defense Analyst
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Robinhood is competing with other retail brokerages over access to Anthropic's mega-IPO and others as they come to market. CFO Shiv Verma says the company continues to see demand for IPO access, adding, "We're making sure the companies know retail is here." He also discusses the use of AI agents in trading accounts, saying customers continue asking for more agentic tools. Verma also says Robinhood is seeing an increase in non-sports related trades on its prediction market platform.
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