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Raman defeats Bass in LA mayor race

· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.

On Thursday, November 5, 2026, a tech-led sell-off hit markets. CNBC reported that the Magnificent 7 mega-cap tech stocks collectively lost about $1 trillion in value. Related CNBC reporting said IREN, a neocloud/data-center company, disclosed that about $4 billion in annualized revenue was being delayed from 2026 to early next year because a customer requested the delay; IREN's stock had already plunged.

CNBC's coverage frames the drop as an AI-driven sell-off, with AI fears and tech valuation pressure at the center. IREN's delayed datacenter/neocloud revenue added to concerns about AI-related demand timing.

A British doctor who tested positive for Ebola in the Democratic Republic of Congo has been evacuated to the UK and is being treated in a high-level isolation unit at the Royal Free Hospital in London. UK health authorities say the public risk remains low.

Nithya Raman defeated incumbent Karen Bass for Los Angeles mayor. The Associated Press called the race with Raman leading about 52% to Bass's 48%, and Bass conceded.

The true-crime anniversary checks out: Michelle Young, 29 and about five months pregnant, was found beaten to death in her Raleigh, North Carolina, home on November 3, 2006.

CNBC reports that Democrat Scott Colom narrowly leads Republican Cindy Hyde-Smith in the Mississippi Senate race, with post-Election Day mail-in ballots still relevant after the Supreme Court upheld their legality.

CNBC reports that the Magnificent 7 group of mega-cap tech stocks lost about $1 trillion during Thursday's major tech-stock sell-off.

IREN said about $4 billion in annualized revenue is being delayed from 2026 into early next year because of a customer request, following a sharp drop in its stock. Jim Cramer's comment that the AI sell-off isn't over but is not another dot-com crash is an opinion, not a factual claim.

Fact-check

VERIFIED TRUE

A British doctor who tested positive for Ebola in the Democratic Republic of Congo has been evacuated to the UK and is being treated in a high-level isolation unit at the Royal Free Hospital in London. UK health authorities say the public risk remains low.

UK doctor with Ebola returns from Congo to London for treatment https://t.co/YVJB8QKa0l

Original post · @Reuters

[gov.uk](https://www.gov.uk/government/news/uk-citizen-returned-from-drc-for-specialist-ebola-care), [bbc.com](https://www.bbc.com/news/articles/cqj34d3l0zlmo)

VERIFIED TRUE

Nithya Raman defeated incumbent Karen Bass for Los Angeles mayor. The Associated Press called the race with Raman leading about 52% to Bass's 48%, and Bass conceded.

Democratic socialist-backed candidate Nithya Raman defeated incumbent Karen Bass in a closely fought race for Los Angeles mayor https://t.co/Vrq0XY5aM6

Original post · @Reuters

[theguardian.com](https://www.theguardian.com/us-news/2026/nov/05/los-angeles-mayor-nithya-raman-karen-bass), [bbc.co.uk](https://www.bbc.co.uk/news/articles/c6

VERIFIED TRUE

The true-crime anniversary checks out: Michelle Young, 29 and about five months pregnant, was found beaten to death in her Raleigh, North Carolina, home on November 3, 2006.

This Day in True Crime — November 3, 2006 Michelle Young Found Murdered in Her Raleigh Home A Discovery That Changed a Family On November 3, 2006, Michelle Young, 29, was found beaten to death inside her home in Raleigh, North Carolina. She was about five months pregnant. Her htt

Original post · True Crime Story Magazine (@tcstorymag)

True Crime Story Magazine — retrospective.

VERIFIED TRUE

CNBC reports that Democrat Scott Colom narrowly leads Republican Cindy Hyde-Smith in the Mississippi Senate race, with post-Election Day mail-in ballots still relevant after the Supreme Court upheld their legality.

Mississippi Senate election: Democrat Scott Colom narrowly leads Republican Cindy Hyde-Smith - The Mississippi Senate election could be determined by the mail-in ballots received after Election Day, whose legality was upheld by the Supreme Court.

Original post · CNBC

[cnbc.com](https://www.cnbc.com/2026/11/05/mississippi-senate-election-scott-colom-hyde-smith.html)

VERIFIED TRUE

CNBC reports that the Magnificent 7 group of mega-cap tech stocks lost about $1 trillion during Thursday's major tech-stock sell-off.

Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday's tech stock plunge - Here are the most breathtaking statistics from the major stock sell-off on Thursday.

Original post · CNBC

[cnbc.com](https://www.cnbc.com/2026/11/05/stock-market-selloff-ai-fears.html) NAMES: Magnificent 7 = mega-cap tech companies, typically Apple, Microsoft, Nvidi

VERIFIED TRUE

IREN said about $4 billion in annualized revenue is being delayed from 2026 into early next year because of a customer request, following a sharp drop in its stock. Jim Cramer's comment that the AI sell-off isn't over but is not another dot-com crash is an opinion, not a factual claim.

Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request - Following a dramatic plunge in its stock price, IREN said some revenue is being delayed from 2026 until early next year.

Original post · CNBC

[cnbc.com](https://www.cnbc.com/2026/11/05/iren-earnings-report-q1-2027-.html) NAMES: IREN = Iris Energy, a neocloud/data center operator building AI and high-p

Sources

What the hosts said

BLos Angeles just tossed its mayor. Karen Bass is out.
BNot just out — beaten by Nithya Raman, a city council member backed by Democratic Socialists.
BReuters just posted on X that the AP called it fifty-two to forty-eight, and Bass conceded.
BSo LA's answer to homelessness and crime was to go further left. I'm skeptical.
BCome on, Brian. Bass had four years and voters said she failed. Raman offered urgency.
BUrgency to do what? Her own council district kept seeing encampments spread while she voted for policies that made cleanup harder.
BThat's a fair hit, but voters weren't comparing her to a policy seminar. They compared her to Bass, who lost their trust.
BAlright, Bass lost trust. But a democratic socialist housing agenda — more rent control, more public housing — doesn't fix supply.
BRaman ran on cutting permit delays and making city departments actually issue approvals. You're boxing with a caricature.
BCan she beat the city unions that fight every reform? Because if not, the same delays just get rebranded.
BThat's the real test. But voters wanted someone who treats the crisis like an emergency. That's not radical; that's just competence.
BFine. If she cuts permitting time and actually gets housing built, I'll give her credit.
BI'll hold you to that.
BLA is the second-biggest city in the country. An incumbent Democrat losing there is a five-alarm fire for the party.
BOr a lesson: voters want results, not loyalty.
BBass was supposed to be safe. Former congresswoman, huge name recognition.
BSafe incumbents lose when voters believe the city is stuck. LA has been the poster child for tents on sidewalks.
BAnd Raman's answer is to make it even harder to move people? You can't solve tents by letting them stay.
BShe never said let them stay. She said build housing first, then enforce. Bass did the opposite: sweeps, then no housing.
BThat's a fair construction, but "housing first" still needs units. Where do they go?
BShe wants to speed up affordable projects and use city land. That's a plan, not a slogan.
BCity land in LA means lawsuits, environmental review, neighborhood councils. Good luck.
BAnd that's exactly the trap. If every reform is declared impossible, the incumbent deserves to lose.
BMaybe. But I'd rather see LA elect someone who can actually manage the city, not just promise to fight the system.
BYou keep saying she can't. Voters just bet she can. We'll know soon enough.
BDifferent kind of alarm tonight: Reuters is reporting a British doctor with Ebola has been flown from Congo to London.
BThe doctor is in a high-level isolation unit at the Royal Free Hospital. UK health officials say the public risk is low.
BThat's the key: low risk. Ebola is frightening, but this is what containment is built for.
BThe doctor tested positive in the Democratic Republic of Congo, where outbreaks happen. Getting them home fast is the protocol.
BLondon has one of the few facilities designed for exactly this.
BOne patient, contained, health authorities on it. We'll update if the UK Health Security Agency says anything different.
BNo panic, just practice. That's the difference.
BAnd in Serbia, an anniversary has put the country back on edge.
BValue Media News posted on X that thousands stood in the rain in Novi Sad for sixteen minutes of silence.
BThe station roof collapse killed sixteen people two years ago. That's the kind of tragedy that stays raw.
BThe post says a fourteen-year government was toppled last week, but that part I can't nail down. The grief, though, is real and public.
BSerbia has been in political crisis since the collapse, and the anniversary shows the anger hasn't gone away.
BAnd it's a reminder that infrastructure failures aren't just accidents — they become political earthquakes.
BWe'll watch whether this anniversary spills into bigger demonstrations.
BAnd from Gaza, a story about survival with almost nothing. Al Jazeera English posted on X about aid groups turning damaged cooking pots into makeshift seawalls.
BThe idea is to protect shelters and schools from winter flooding, with the sea getting closer to where families are sleeping.
BI haven't seen independent confirmation of the effort, so treat this as Al Jazeera's correspondent report for now.
BIf it's accurate, it's both ingenious and heartbreaking — kitchen pots as coastal defenses.
BWinter in Gaza with damaged shelter is already dangerous. Add water and it gets lethal fast.
BThis is the kind of story that gets lost behind the bigger headlines, but it's exactly what people on the ground face tonight.
BWe'll keep watching whether that seawall effort holds, because lives depend on it.

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