GOP Blame Game Erupts, Oil Tumbles as War Fears Ease | Bloomberg Daybreak: US Edition

Bloomberg Audio Studios podcasts radio news. Good morning. I'm Karen Moscow and I'm Alexis Christopherus. Here are the stories we're following today. — Well, Alexis, we begin with the aftermath of the elections. The Republican party's defeat in the midterm elections has led to fingerpointing. And beneath it is a bigger fight after a decade of Trump. Who gets to define what comes next? Vice President JD Vance, a leading 2028 contender, blamed the Iran war, living costs, and USIsrael ties for the Republican losses. President Trump reacted to Vance's statement.

I think it's largely true because it drove the gasoline up a little bit short-term and probably that's uh probably it's true, but at the same time, if I had it to do again, I'd have to do it again because long term uh it's the only answer. You can't let Iran have a nuclear weapon. Florida Governor Ronda Santis, a possible 2028 Republican presidential candidate, says the result was enormous.

Last night, we witnessed, to call it a wave, I don't think would be fully accurate. It's the political equivalent of a meteor strike that went all around the United States, blue states, red states, everything in between. And the one state that was able to hold the line and withstand that is right here in the free state of Florida.

After polls showed voters rank government corruption near the top of their list of concerns, Governor DeSantis demanded that Congress outlaw stock market trading by lawmakers and extended the prohibition to the executive branch. And Karen oil tumbled almost 9% as investors bet that a Democratic sweep in the midterms could accelerate efforts to end the war in the Middle East. Livia Pagy, JSH held senior director for strategy and risk advisory says the prospects of renewed US strikes on Iran still remain high.