US Election Day: Trump Risks Losing Control of Congress

Posted on 11/03/2026
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, 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.

Asian stocks fell and US equity index futures edged lower after the Nasdaq-100 Index entered a correction. Downbeat results from Palantir and Apple added to negativity in the tech trade.

US voters head to the polls in the US midterm elections, as President Trump faces the biggest political test of his second term as the Democratic Party targets control of Congress.

Plus, Iran President Masoud Pezeshkian said his government has been granted more authority by the country’s supreme leader to pursue peace talks, as President Donald Trump hinted at progress in negotiations.

Today's guest: George Pollack, Signum Global Advisors, Partner & Senior Analyst, US & Canada Policy.



Chapters:

00:00:00 - Daybreak Europe

00:00:15 - Tech Under Pressure

00:03:09 - Asian Stocks Drop on US Tech Jitters, Yuan Weakens

00:06:14 - US Tech Stocks Enter Correction on AI and Midterm Election Risks

00:10:33 - Palantir’s Outlook Signals a Slowdown in AI-Fueled Sales Growth

00:17:03 - Khamenei Empowers Talks as Trump Says Iran Deal Could Happen

00:19:10 - .S. Strikes Iran's Qeshm Island as Trump Talks Down War Risks

00:22:35 - Bravo: Ton of Value to be Unlocked With OpenAI

00:27:36 - Democrats Expected to Make Gains in US Midterms

00:30:46 - George Pollack, Signum Global Advisors, Partner & Senior Analyst, US & Canada Policy

00:36:56 - Impact for Companies With US Revenue Exposure

00:41:11 - Solomon: Very Robust Demand for AI Deals

00:45:07 - Gold Hovers Near One-Year Low

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