Money & Midterms 10/6/26

If you look at prediction markets, you know, the, the Senate odds right now are 60/40 in favor of the Democrats.

The numbers were 55/45 in favor of the GOP less than a month ago.

Hmm.

So clearly, the higher oil prices, higher diesel prices, the affordability narrative is really getting into politics ahead of the midterms.

That's Citi's Stuart Kaiser on CNBC.

And the American Enterprise Institute's James Pethokoukis tells CNBC that AI, while it's making people wealthy, it's an election issue.

My sort of longer term call is that when we get to the midterm election, they're gonna be talking a lot about inflation.

But right now, like, the hot issue obviously is AI.

Despite the blizzard of, like, negativity about safety, every politician ha- is, is trying to think of ways to limit this technology, stop data centers from being built.

But the fact that the President of the United States is saying we shouldn't pause, we shouldn't stop, we need to accelerate.

As long as Donald Trump is president, we're not getting any sort of AI ban.

And here's SoFi's Liz Thomas on CNBC saying midterms mean volatility for your investments if you're in the stock market.

Voters are angry.

We're leading up to the midterms, and that's gonna cause some jumpiness in the market and make investors a little jumpy.

You can keep up on money markets and the midterms at CNBC, CNBC.com, and the CNBC app on your phone.

I'm Jessica Ettinger, CNBC.

If you look at prediction markets, you know, the, the Senate odds right now are 60/40 in favor of the Democrats.

The numbers were 55/45 in favor of the GOP less than a month ago.

Hmm.

So clearly, the higher oil prices, higher diesel prices, the affordability narrative is really getting into politics ahead of the midterms.

That's Citi's Stuart Kaiser on CNBC.

And the American Enterprise Institute's James Pethokoukis tells CNBC that AI, while it's making people wealthy, it's an election issue.

My sort of longer term call is that when we get to the midterm election, they're gonna be talking a lot about inflation.

But right now, like, the hot issue obviously is AI.

Despite the blizzard of, like, negativity about safety, every politician ha- is, is trying to think of ways to limit this technology, stop data centers from being built.

But the fact that the President of the United States is saying we shouldn't pause, we shouldn't stop, we need to accelerate.

As long as Donald Trump is president, we're not getting any sort of AI ban.

And here's SoFi's Liz Thomas on CNBC saying midterms mean volatility for your investments if you're in the stock market.

Voters are angry.

We're leading up to the midterms, and that's gonna cause some jumpiness in the market and make investors a little jumpy.

You can keep up on money markets and the midterms at CNBC, CNBC.com, and the CNBC app on your phone.

I'm Jessica Ettinger, CNBC.