Trump’s Midterm Election Test Begins

Posted on 11/03/2026
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America’s referendum on President Donald Trump’s second term is underway. Democrats are expected by many to take control of the House of Representatives, with opinion polls signaling for months that the party has a wide enough advantage with voters to overcome headwinds from Republican-led redistricting efforts.

US stock futures slipped as investors held back from adding risk after voting got underway. The election is adding another layer of risk for traders already navigating geopolitical crosswinds.

Oil rose, paring some of a plunge in the previous session, as the US launched strikes on Iran and the two sides appeared far from a breakthrough to fully reopen the world’s most important energy chokepoint.

Today's guests: Katharine Neiss, PGIM Credit Deputy Head of Global Economics; Anthony Gardner, Former US Ambassador to the EU; Conrad Keijzer, Clariant CEO


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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.



Chapters:

00:00:00 - The Pulse with Francine Lacqua

00:00:25 - Trump Midterm closing argument DC Reflecting Pool

00:02:56 - Democrats expected to make gains in midterm elections

00:08:21 - Katharine Neiss, PGIM Credit Deputy Head of Economics

00:18:11 - Apple slides after earnings

00:19:35 - US, Iran signal willingness to keep talking

00:21:36 - Leaders discuss future of AI at Bloomberg Tech London event

00:23:35 - Tuesday headlines

00:24:19 - Anthony Gardner, Former US Ambassador to EU

00:32:32 - European sectors to watch ahead of midterm results

00:36:19 - PIMCO's CEO: Sovereign debt markets well anchored

00:39:25 - Conrad Keijzer, Clariant CEO

00:45:21 - AI in spotlight at Bloomberg Tech London event

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