Evening Wire: ‘Blue Tsunami’ Causes Meltdowns & The Next Big Talking Point For Democrats | 11.4.26
8m 2s
The 2024 midterms resulted in a sweeping Democratic victory, marking a "blue tsunami" with significant shifts in both the House and Senate. Key wins include Mike El-Sayed becoming the first Muslim U.S. Senator, Dan Sullivan’s defeat in Alaska likely due to a ballot scheme, and Il-An Omar’s landslide win in Minnesota despite ongoing investigations. The Republican Party faces internal leadership turmoil, with Mike Johnson stepping down as House Republican leader and a leadership race now underway. Democrats have pivoted to target big tech, framing AI-driven policies as politically biased and a threat to jobs and freedom. President Trump acknowledged Republican vulnerabilities and expressed willingness to collaborate, while emphasizing his veto authority. Meanwhile, CVS Health announced a major split to reduce healthcare monopolies, though it triggered market volatility. Financial markets reacted with cautious optimism due to expected policy gridlock, but tensions over the Iran war and Elon Musk’s proposal to build space-based AI data centers add uncertainty. Musk’s vision of orbital data centers could reshape AI infrastructure, signaling a potential technological pivot in the post-election landscape.
The midterms were swept by what's already being called a blue tsunami. Mike Johnson says he will not lead the House Republicans in the next Congress, and Democrat messaging suggests a major push against big tech following the landslide shift of power. I'm Georgia Howe with Daily Wire Executive Editor John Bickley. It's Wednesday, November 4, and this is Evening Wire. And maybe the closest watch race of the midterms Democrat Abdul El-Sayed has defeated Mike Rogers to become the next Senator from Michigan. The final count may not come out for a few days, but with 97% reporting, El-Sayed took the election by a full seven points. Exit polls and election day interviews displayed a surprising coalition among his supporters. For example, one Muslim couple interviewed by the Daily Wire was shocked when told about the candidate's views on LGBT issues. With the win, El-Sayed will now become the first Muslim Senator in U.S. history. And Republican Senator Dan Sullivan is narrowly losing his re-election bid to Democrat and Mary Peltola in Alaska. Contributor Tim Pierce has the latest. Sullivan falls. It could be entirely due to a scheme to confuse voters with another Dan Sullivan who is recruited to add his name to the ballot. Currently the votes that the decoy Dan has gained would more than make up the difference between Senator Sullivan and Peltola. The Department of Justice is pursuing legal action against the alleged schemers, reported by the New York Times to be top aides in Peltola's campaign and other Democratic operatives. The DOJ has sent out more than 20 target and preservation letters since the Times published a bombshell report on the scheme last week. Il-An Omar is taking aim at President Trump after winning another landslide re-election in her Minnesota district, reporter's actual as more. The far left to Democrat took more than 76% of the vote on Tuesday, despite two pending federal criminal investigations into her citizenship and financial disclosures that became public about three weeks before Election Day. In her victory speech Omar called Trump "the bigot in the White House and cast the probes as an attempt to intimidate her and her supporters." She also echoed the sentiment of other House Democrats, one of whom told the Trump family to quote "lawyer up." Omar warned the President that Democrats had gone easy on him so far and to quote "wait until you meet these kinds of new Democrats." House Speaker Mike Johnson will not lead House Republicans in the next Congress. The Speaker made the announcement on a staff call this morning after Republicans suffered a cascade of defeats across the country. Johnson acknowledged the losses at his election night party last night. Now look, I just want to tell you what we faced, some real odds here, okay? From the first day of this election, we knew that to keep the House and sustain our majority, we would have to defy more than a century of midterm history, okay? So it only happened twice in 90 years that a sitting President has picked up or held seats for his party in that first two-year cycle. There's a lot of reasons for it. It's very, very difficult to overcome. And it looks like history will be caps tonight. The race for minority leader is now on. Congressman Jim Jordan, the chair of the Judiciary Committee, has announced his candidacy. Johnson's number two in the House, Congressman Steve Scalice, will also vie for the job. Vice President JD Vance issued a lengthy statement following the midterms, largely blaming the historic loss to the war in Iran. Vance did note other factors writing our economic messaging wasn't sharp enough down the stretch. But in the end, he concluded, quote, "The reason we lost is the war." Vance closed by urging the Republican base to be realistic about the causes contributing to the election results, but to also remain hopeful. He said while people should be angry about the results, quote, "Let's take that anger and get back to the work of saving our country." Groceries gas rent the everyday expenses add up fast enough without your bank charging you just to manage your money. That's where chime comes in. No monthly fees, no minimum balance fees, no overdraft fees. Plus, with ChimeCard, you can get 5% cash back in a category of your choice like gas or groceries. Join the millions who are already banking fee-free with America's number one choice for banking. Head to chime.com/wire. That is chime.com/wire. Sign up now. It only takes a few minutes. Chime is a fintech, not a bank, banking services and ChimeCard provided by Chime's bank partners, qualifying direct deposits required, terms and limits apply. Go to chime.com/disclosures for details. In the wake of the historic gains in the House and Senate, some Democrats have turned their eyes on big tech. Associate producer Garrett Van Teem has more. Democrat representative Greg Kazar, immediately after a House majority was secured, stated that Democrats, quote, "must make it a top priority to protect Americans' jobs, freedom and lives from AI billionaires." Kazar further speculated that Republican losses could be credited to Americans' rejection of AI. Massachusetts Senator Ed Markey for his part posted that tech executives are, quote, "going to need to plant new forests for all of the subpoenas we'll be printing." A recent Politico poll showed that most Americans assume AI companies and executives favor Republicans. However, is contradicted by real-world data showing a fairly even split of campaign contributions to both sides of the political aisle. After the midterm blowout, President Trump said he will happily work across the aisle to quote, "make sure things go well for our country." That's what the President said in interviews with Politico and the New York Times today. He was also quick to point out that he has veto power and will use it if he needs to. But he said if Democrats, quote, "have some good ideas," he's certainly open to working with them. Now as the election results, the President said that some of the Republican candidates had trouble connecting to voters. He stopped short of calling out specific people, but he noted that it was a very interesting period of time and that he, quote, "learn from it." In a bit of good news, CVS Health plans to split into two separate companies by 2028, ending nearly two decades of expansion that combined drugstores, insurance, and prescription benefits under one corporate umbrella. Lifestyle reporter Lauren Baer has more. The new CVS pharmacy will operate roughly 9,000 retail locations, in-store clinics and mail order prescriptions, while CVS Health will retain insurer Etna and pharmacy benefits manager, Care Mark. The breakout comes amid growing bipartisan scrutiny of healthcare conglomerates, accused of using their control over insurance and pharmacies to limit competition and drive-up costs. CVS says the separation will let both businesses move faster, though the company has long worn that splitting them could raise costs for consumers. Investors reacted negatively, sending CVS shares down about 12 percent Wednesday. Stocks rallied today reversing early losses as investors adjusted to the new political landscape. The S&P rose 1.6 percent with major tech companies like Alphabet and Meta, gaining despite initial concerns that Democrats could slow the AI boom through regulation. Analysts say the election could bring gridlock in Washington, which could be welcome news to the markets, because it limits major policy changes. Investors are also watching the war in Iran, which could become a bigger focus for Trump now. Oil prices and treasury yields fell, though analysts warned that renewed Middle East tensions and high government borrowing could still threaten the rally. And Elon Musk is floating the idea of moving AI data centers into space after Democrats swept the midterm elections, posting on X that quote, "data centers in space are looking pretty appealing right now." Musk's SpaceX has already asked the FCC for permission to launch up to 1 million solar-powered satellites that could serve as orbital data centers. Musk predicts space could become the cheapest place to run AI within the next 30 to 36 months. Meanwhile, his XAI is expanding its U.S. footprint with two supercomputers already operating in Memphis and a planned Mississippi site that could bring its computing capacity to 2 gigawatts.
Podcast Summary
Key Points:
Democrats achieved a historic sweep in the midterms, including Mike El-Sayed's victory as the first Muslim U.S. Senator and Dan Sullivan’s narrow defeat in Alaska, potentially due to a ballot confusion scheme.
House Republican leadership is in flux after Mike Johnson declines to lead the party, with Jim Jordan and Steve Scalice now competing for minority leader.
Democrats are intensifying pressure on big tech, citing public skepticism toward AI and alleging that tech executives favor Republicans, despite balanced campaign contributions.
Il-An Omar won a landslide in Minnesota despite federal investigations into her citizenship and finances, accusing Trump of targeting her and calling for Democratic unity.
President Trump acknowledged Republican campaign shortcomings and expressed openness to bipartisan cooperation, though he emphasized his veto power and urged learning from the election.
CVS Health plans to split into two entities by 2028, responding to bipartisan scrutiny over healthcare monopolies and pricing, though the move caused initial market backlash.
Markets reacted cautiously to the political shift, with mixed signals as investors anticipated policy gridlock and rising concerns over the Iran war and AI regulation.
Elon Musk proposed launching space-based AI data centers, suggesting orbital computing could become cheaper and more scalable within the next few years.
Summary:
The 2024 midterms resulted in a sweeping Democratic victory, marking a "blue tsunami" with significant shifts in both the House and Senate. S. Senator, Dan Sullivan’s defeat in Alaska likely due to a ballot scheme, and Il-An Omar’s landslide win in Minnesota despite ongoing investigations.
The Republican Party faces internal leadership turmoil, with Mike Johnson stepping down as House Republican leader and a leadership race now underway. Democrats have pivoted to target big tech, framing AI-driven policies as politically biased and a threat to jobs and freedom. President Trump acknowledged Republican vulnerabilities and expressed willingness to collaborate, while emphasizing his veto authority.
Meanwhile, CVS Health announced a major split to reduce healthcare monopolies, though it triggered market volatility. Financial markets reacted with cautious optimism due to expected policy gridlock, but tensions over the Iran war and Elon Musk’s proposal to build space-based AI data centers add uncertainty. Musk’s vision of orbital data centers could reshape AI infrastructure, signaling a potential technological pivot in the post-election landscape.
FAQs
House Speaker Mike Johnson has announced he will not lead the House Republicans in the next Congress following a significant loss of seats in the midterms.
Democrat Abdul El-Sayed defeated Republican Mike Rogers to become the next Senator from Michigan, making him the first Muslim Senator in U.S. history.
Senator Dan Sullivan is narrowly losing to Democrat Mary Peltola, with allegations of a voter confusion scheme involving a decoy candidate named Dan Sullivan, which is now being investigated by the Department of Justice.
Il-An Omar won a landslide re-election in Minnesota despite pending investigations into her citizenship and financial disclosures, and she criticized President Trump, calling him a 'bigot' and accusing the probes of being an intimidation tactic.
Yes, Democrats have declared protecting Americans from AI and big tech as a top priority, with leaders like Greg Kazar and Ed Markey suggesting that public rejection of AI may have contributed to Republican losses.
CVS Health plans to split into two companies by 2028: one focused on retail pharmacies and clinics, and another retaining its insurance and pharmacy benefit operations.
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