UPDATE: Bloomberg TV Will Be Broadcasting ABC News Coverage Of Election Night
UPDATE 7:00 EST: ABC News executives tells us that while Bloomberg is a client of ABC News and will undoubtedly use some of their material on election night, there will be no greater collaboration between the two news organizations that evening.
According to industry insiders, Bloomberg TV intends to broadcast ABC News' coverage of the mid-term elections on election night. In other words, when turning to Bloomberg TV, viewers will see the same coverage that they would on ABC. We are the first site to report this news, which is based on reliable sources.
The mid-term elections are expected to be critical for the country as confidence about the economic outlook has been deteriorating for some time now. Expect investors and the markets to watch the outcome very closely.
According to Intrade.com, which allows speculators to bet on the outcome of the mid-terms, there is a 70% chance that the Republicans will gain control of the House of Representatives and a 22% chance that they will wrest away control of the Senate. Some observers feel that a Republican rout may provide the stock market with a boost.
