{"id":"1793758741061-money-segment","slug":"house-flips-trump-says-mr-veto","title":"House flips, Trump says 'Mr. Veto'","summary":"President Trump told CBS News he is prepared to veto Democratic legislation and welcomes the nickname \"Mr. Veto.\"","publishedAt":"2026-11-04T02:19:01.061Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Tonight","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: President Trump told CBS News he is prepared to veto Democratic legislation and welcomes the nickname \"Mr. Veto.\"\nSource: cbsnews.com NAMES: (none) (https://x.com/unusual_whales/status/2117801912284348424)","claims":[{"verdict":"TRUE","summary":"President Trump told CBS News he is prepared to veto Democratic legislation and welcomes the nickname \"Mr. Veto.\"","sourceName":"cbsnews.com NAMES: (none)","sourceUrl":"https://x.com/unusual_whales/status/2117801912284348424","claim":"BREAKING: Trump says he is ready to veto Democratic legislation, per CBS","author":"@unusual_whales"}]},"sources":[{"url":"https://x.com/unusual_whales/status/2117801912284348424","name":"cbsnews.com NAMES: (none)","kind":"x","verdict":"TRUE","author":"@unusual_whales"}],"url":"https://oncast.fm/story/1793758741061-money-segment-house-flips-trump-says-mr-veto","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793758741061-money-segment-house-flips-trump-says-mr-veto","cite":"Cite https://oncast.fm/story/1793758741061-money-segment-house-flips-trump-says-mr-veto and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"So the House just flipped, if the projections hold. Decision Desk HQ says Democrats win control."},{"host":"Adam","text":"And that's a projection, not a final call. No official result yet."},{"host":"Bill","text":"Right. But the market's already pricing it. CNBC says a Democratic sweep could jolt stocks, Treasury yields, AI, energy, banks, defense, healthcare."},{"host":"Adam","text":"The question is whether it's a jolt down or a jolt up."},{"host":"Bill","text":"That's the thing. Wall Street hates uncertainty, but it loves gridlock. A split Congress means nothing radical gets through."},{"host":"Adam","text":"Unless the president vetoes everything. Trump just told CBS he's ready to veto Democratic legislation. He said he welcomes the nickname 'Mr. Veto.'"},{"host":"Bill","text":"Mr. Veto. That's a campaign slogan waiting to happen."},{"host":"Adam","text":"It's a real shift. If Democrats control the House, every bill they pass has to survive a veto threat."},{"host":"Bill","text":"And the market has to figure out what that means for AI spending, energy policy, bank regulation. That's the story tonight."},{"host":"Adam","text":"Speaking of AI spending, there's a post going around claiming one point eight trillion dollars got wiped from the US stock market today."},{"host":"Bill","text":"One point eight trillion? That's a big number. I haven't seen that confirmed anywhere."},{"host":"Adam","text":"It's not. The account says tech stocks got crushed because AI spending isn't paying off fast enough. But the actual closing numbers aren't out yet."},{"host":"Bill","text":"The chip selloff is real though. Another post says the chip index fell another three point four percent and is down eleven point six percent in three days."},{"host":"Adam","text":"Also unverified. But the direction is right. Alphabet and Caterpillar slipped after earnings, if the midday check is accurate."},{"host":"Bill","text":"Alphabet down eleven point seven percent? That's a beating. The market's saying AI capex is a problem, not a promise."},{"host":"Adam","text":"My take: the market's been looking for a reason to sell tech. AI spending is the excuse, not the cause."},{"host":"Bill","text":"No, come on. When Google's own earnings show AI costs eating margins, that's not an excuse. That's a fundamental problem."},{"host":"Adam","text":"But the revenue is still growing. The market's just impatient. It wants AI to print money tomorrow."},{"host":"Bill","text":"It's been two years of 'AI will change everything.' At some point, you have to show the receipts."},{"host":"Adam","text":"And if Democrats take the House, maybe there's more scrutiny on Big Tech. That's the double whammy."},{"host":"Bill","text":"Oil's also getting interesting. One post says WTI crashed seven point four percent to ninety-six dollars on hopes for US-Iran peace talks through Qatar."},{"host":"Adam","text":"That's unverified too, and the Qatar talks angle is still just a claim."},{"host":"Bill","text":"Cheaper oil is good for consumers, bad for energy stocks. The market can't decide if it's happy or scared."},{"host":"Adam","text":"That's the whole night. Election uncertainty, AI anxiety, oil whiplash. Pick your poison."},{"host":"Bill","text":"And one more thing. Polymarket projects Keisha Lance Bottoms won Georgia's governor seat. First Democratic governor in twenty-four years."},{"host":"Adam","text":"Again, that's a prediction market, not an official result. No independent source confirms it yet."},{"host":"Bill","text":"But if it holds, that's a big shift. Georgia's been red for a long time."},{"host":"Adam","text":"And it fits the pattern. Democrats are having a good night, if the projections are right."},{"host":"Bill","text":"The market's going to wake up tomorrow and try to make sense of all this. Tonight, it's just noise."},{"host":"Adam","text":"Noise with a lot of money behind it. That's the show."}]}