00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump's Republican Party suffered sweeping defeats in Tuesday's midterm elections,
00:08according to Axios. Democrats seized control of both chambers of Congress and could gain
00:13as many as 40 House seats and at least seven Senate seats. Democrats also won races across
00:19traditionally Republican states, including Texas, where Gina Hinojosa defeated three-term
00:24governor Greg Abbott. Democrats flipped Senate seats in Kansas, Ohio, Iowa, North Carolina,
00:31South Carolina, and Maine. An Associated Press voter survey found nearly 70% of voters under 30
00:38and 60% of Hispanic voters supported Democratic House candidates. The results marked a collapse
00:44of the coalition that powered Trump's 2024 comeback and raised questions about the future
00:50of his MAGA movement. For all things money, visit Benzinga.com.
