Massive tech sell-off rattles stock market

It's already shaping up to be another tumultuous day on Wall Street after a massive sell-off yesterday. This is all in response to the midterm election results. Douglas Zader reporting from Washington this morning, where the volatility could extend to the Trump administration. Of course, we're waiting to see what happens today, but Douglas Zader breaking it down for us this morning. Hey, Doug. Good morning. The markets and the political climate here in Washington are in for some big changes as the impacts from Tuesday really begin to sink in. Wall Street wasn't saved by the bell yesterday, a huge sell-off led by uncertainty over tech stocks, fueled by a number of winning candidates from Tuesday's elections that had railed against AI data centers. If the rhetoric becomes reality to the extreme, it won't just be read on the screen. We will be talking about economic recession early next year. The issue is finding a balance on the government's approach to AI. Just one of many thorny issues for the White House now. Democratic leaders will start to call for heads following the elections. And first up may be Pentagon Chief Pete Hegseth, long a target for Democrats. And Republican Thomas Massie, a Trump critic, introduced a measure to remove him. Everyone will make their own interpretation of what it meant in terms of Hegseth. Didn't work against President Trump. And it won't work with me. Hegseth is defiant and his boss still publicly backs him. But changes across the board could be coming for the president. In this new era of Washington, he's going to have to lean on compromise and I think really adjust to some limits to his authority. And the president said he is open to working with Democrats, but in the Oval Office yesterday, a red veto hat was sitting on his desk. Back to you guys. Okay, yeah, all eyes on the market when they open up here, 8:30 our time in Minnesota. Thank you, Doug. Thank you, Doug. We're at 5:34 now and new this morning, a federal judge is ordering a 14-day pause on construction of President Trump's arch in Washington, D.C. So that pause came just shortly after the National Capital Planning Commission approved the arch's design yesterday. The 250-foot tall structure that you see right there, a rendering of it, that would sit in Memorial Circle between the Lincoln Memorial and the entrance to Arlington National Cemetery. Meantime, President Trump has Proclamation to preserve the Oval Office and Cabinet Room as national monuments. He said he's signing the proclamation in case, quote, anybody ever decides to come and start knocking down walls. The proclamation says future presidents will still be allowed to redecorate, but the president says any major changes will need approval from Congress. President Trump has overseen several design changes to various rooms in the White House, including the Oval Office, which is filled with new portraits and gold flourishes. And of course, that major renovation and construction the construction project on the White House's ballroom.