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Jim Kessler, executive vice president for Policy at Third Way, said that the organization's polling shows that voters are moving away from Donald Trump and toward Democrats and that the upcoming midterm elections feel like not only a blue wave, but a 'blue tidal wave.' Kessler said that he sees a path for Democrats to take the Senate and pick up as many as 54 seats if they win longshot races in Iowa and Kansas.
Erin Covey, House of Representatives editor at the Cook Political Report, said that the acceleration of voters towards Democrat candidates is less to do with a shifting landscape and more that people are beginning to pay attention as election day draws nearer and said that while she expects a blue wave, it won't hit all areas evenly. Covey also discussed the role of redistricting in the midterms and said that Democrats are poised to pick up House seats in North Carolina despite the fact that Republicans redrew the map in their favor.
Erin Covey, House of Representatives editor at the Cook Political Report, said that the acceleration of voters towards Democrat candidates is less to do with a shifting landscape and more that people are beginning to pay attention as election day draws nearer and said that while she expects a blue wave, it won't hit all areas evenly. Covey also discussed the role of redistricting in the midterms and said that Democrats are poised to pick up House seats in North Carolina despite the fact that Republicans redrew the map in their favor.
Menlo Ventures' investment in Anthropic will deliver the firm's largest return ever when the AI company goes public, says partner Matt Murphy. Murphy explains why Menlo backed Anthropic in every round since 2023 and how the conversation around AI is moving beyond models to delivering compute efficiently. He discusses Anthropic's S-1 with Ed Ludlow on "Bloomberg Tech."
The average price Americans are paying for a gallon of gasoline under President Donald Trump has surpassed the average during the Biden administration ahead of the midterm election. Nearly two years into Trump's presidency the fuel's retail cost has averaged $3.472 a gallon, according to the American Automobile Association. Tyler Kendall reports on Bloomberg Television.
Forge Nano's CEO Paul Lichty joins Bloomberg Open Interest to discuss the company's atomic-precision technology for semiconductors and lithium-ion batteries, its plans to expand US production and why he sees continued opportunity in AI-driven chip demand and domestic manufacturing.
Meta Platforms Inc. is seeking to raise as much as $95 billion from selling common and preferred stock to support its development in artificial intelligence. Bloomberg's Sarah Frier reports.
Verizon Communications Inc. reported its strongest third-quarter performance in wireless customer additions in five years, adding a net 406,000 monthly phone lines. The company's shares were down 2.8% due to concerns about increased competition from SpaceX's forthcoming Starlink Mobile service. Bloomberg's John Butler joins to discuss.
Bruce Richards, managing partner and head of CVC Marathon, says Anthropic PBC is going to do "just fine" as a public company. He talks about the demand for AI and opposition to some data centers. He speaks on "Bloomberg Open Interest."
Former Fed economist Claudia Sahm joins Bloomberg Open Interest to argue the central bank may be taking a bigger risk by waiting to raise rates. She warns persistent inflation could force much larger hikes later, questions the Fed's mixed messaging to markets and explains why massive AI spending is becoming an increasingly important force for the economy and inflation.
Regency-era novelist Maria Edgeworth was famous for including economic concepts into her novels, including the idea of productive labor. Her works were ahead of her time and enormously influential, yet her name is hardly ever mentioned in the history of economics. On this episode of the Odd Lots podcast, Jeanna Smialek, Brussels bureau chief at The New York Times, tells Joe Weisenthal and Tracy Alloway why she thinks Edgeworth's name needs to be placed back in the pantheon of economic history.
As metals earnings roll in, Wells Fargo Equity Research analyst Timna Tanners sees support for steel prices but urges caution on the copper-AI story. She says AI may account for only a small share of demand, while weakness in China's property sector remains significant. Aluminum could face new supply, and building materials remain under pressure.
