Disappointing Big Tech earnings are intensifying investor concerns about whether massive AI spending will generate sufficient returns, as Alphabet and Intel come under particular pressure. This comes after a Federal Reserve meeting on Wednesday, and the record $6.3 billion Binance hack with the possibility that North Korean hackers were responsible.

House Foreign Affairs Committee Ranking Member Gregory Meeks says affordability would be Democrats’ top priority if they take control of the House, alongside restoring health-care benefits and conducting oversight of the Trump administration. Meeks also says companies involved in importing Russian diesel could face congressional scrutiny and predicts Hakeem Jeffries would become Speaker if Democrats win the majority.

On today's show, Bloomberg This Weekend hosts David Gura and Lisa Mateo speak with:
Michael Ball, Bloomberg News, Macro Strategist, on yesterday's market selloff, and the AI trade
Representative Gregory Meeks (D-New York), on the midterm elections and how he feels about the Democratic Party's prospects
Journalist and Bioethicist Elizabeth Yuko, on how haunted-house operators can become unlikely partners in urban revitalization by investing in infrastructure, attracting businesses and finding new uses for neglected properties
Plus, David, Lisa, and Nathan Hager play Pointed: The News Quiz for Risk Takers.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

Disappointing Big Tech earnings are intensifying investor concerns about whether massive AI spending will generate sufficient returns, as Alphabet and Intel come under particular pressure. This comes after a Federal Reserve meeting on Wednesday, and the record $6.3 billion Binance hack with the possibility that North Korean hackers were responsible.
House Foreign Affairs Committee Ranking Member Gregory Meeks says affordability would be Democrats&rsquo; top priority if they take control of the House, alongside restoring health-care benefits and conducting oversight of the Trump administration. Meeks also says companies involved in importing Russian diesel could face congressional scrutiny and predicts Hakeem Jeffries would become Speaker if Democrats win the majority.
On today's show, Bloomberg This Weekend hosts David Gura and Lisa Mateo speak with:
<ul>
<li>Michael Ball, Bloomberg News, Macro Strategist, on yesterday's market selloff, and the AI trade</li>
<li>Representative Gregory Meeks (D-New York), on the midterm elections and how he feels about the Democratic Party's prospects</li>
<li>Journalist and Bioethicist Elizabeth Yuko, on how haunted-house operators can become unlikely partners in urban revitalization by investing in infrastructure, attracting businesses and finding new uses for neglected properties</li>
<li>Plus, David, Lisa, and Nathan Hager play Pointed: The News Quiz for Risk Takers.</li>
</ul>
For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

Catch up. Look ahead. Enjoy your weekend.  
Listen to Bloomberg This Weekend for unique conversations spanning news, politics, lifestyle and culture.  
David Gura, Christina Ruffini and Lisa Mateo bring you unique discussions and in-depth conversations with lawmakers, business leaders and cultural icons.  
Bloomberg This Weekend gives you insight to make sense of the world.

Catch up. Look ahead. Enjoy your weekend.&nbsp; Listen to Bloomberg This Weekend for unique conversations spanning news, politics, lifestyle and culture.&nbsp; David Gura, Christina Ruffini and Lisa Mateo bring you unique discussions and in-depth conversations with lawmakers, business leaders and cultural icons.&nbsp; Bloomberg This Weekend gives you insight to make sense of the world.

Catch up. Look ahead. Enjoy your weekend.  Listen for unique conversations spanning news, politics, lifestyle and culture. 

Bloomberg This Weekend

Catch up. Look ahead. Enjoy your weekend.   
Listen to Bloomberg This Weekend for unique conversations spanning news, politics, lifestyle and culture.   
David Gura, Christina Ruffini and Lisa Mateo bring you unique discussions and in-depth conversations with lawmakers, business leaders and cultural icons.   
Bloomberg This Weekend gives you insight to make sense of the world.

Catch up. Look ahead. Enjoy your weekend.&nbsp; &nbsp; Listen to Bloomberg This Weekend for unique conversations spanning news, politics, lifestyle and culture.&nbsp; &nbsp; David Gura, Christina Ruffini and Lisa Mateo bring you unique discussions and in-depth conversations with lawmakers, business leaders and cultural icons.&nbsp; &nbsp; Bloomberg This Weekend gives you insight to make sense of the world.

AI Spending Fuels Market Selloff; Democrats Eye House Majority

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/523b11cb-ead6-4183-b06f-b4f40106a0c8/transcript