Bloomberg Businessweek

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

For months, investors have been worrying about a long list of risks to the gravy train of artificial intelligence spending. This week, they hit the panic button.

Fears of the worst-case scenario for the AI trade kicked in after the US midterm elections on Tuesday, in which Democrats secured majorities in the Senate and House of Representatives and won control of state houses and governor’s mansions across the country. Many of the winning candidates ran on anti-AI platforms, raising the possibility that the development of data centers could grind to a halt in many places. For more, we speak with Sarah Frier, Bloomberg News Big Tech Team Leader.
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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

A rebound in chipmakers propped up the stock market as dip buyers emerged despite economic data that reinforced speculation the Federal Reserve will boost rates in December. Technology stocks staged a sharp recovery, but whether that holds is another matter. Meantime, President Trump said he was tapping longtime aide Stephen Miller as his new chief of staff and that Susie Wiles will move to his political operation, shaking up his White House team days after a devastating midterm result.

On today's episode:
Jeff Mason, Bloomberg Washington Correspondent & Kailey Leinz, 'Balance of Power' Co-Host
Seth Fiegerman, Bloomberg News AI Editor
Max Chafkin, Bloomberg Businessweek Senior Reporter
Brad Loftus, Senior Partner at BCG
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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

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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

Michael Stivala, President & CEO at Suburban Propane, discusses growing demand from data centers looking for reliable alternative power sources. He explains why propane can support smaller data-center projects in the one-to-10-megawatt range and how distributed energy could help address growing pressure on the electric grid. Stivala speaks to hosts Carol Massar & Tim Stenovec.
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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
A post-election slide in chipmakers snowballed as investors bailed from technology shares on speculation that congressional Democrats will clamp down on the artificial-intelligence industry. What started as a rotation out of semiconductor stocks morphed into a broad rout, with all 11 sectors in the S&P 500 Index in the red. Traders caution against interpreting the broader market moves as a fundamental shift in investor preferences.
On today's episode:
Eric Weiner, Bloomberg News Senior Editor
Ira Jersey, Bloomberg Intelligence Chief US Rates Strategist
Timna Tanners, Wells Fargo Metals & Mining Analyst
Tim O'Brien, Bloomberg Opinion Senior Executive Editor
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