Record Loss for Merz's CDU, SocGen's New Targets, More
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What is the main topic discussed in this episode?
AI is entering its most consequential phase where scale, safety, and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining trade-offs shaping the future of AI. Thank you to our presenting sponsor Salesforce and supporting sponsors IDA Island and Schneider Electric. Learn more at BloombergLive.com slash. Slash Tech London. Yeah.
When you want it. With Bloomberg News Now, I'm Lizzie Burden and I'm Caroline Hepkeck.
What’s the latest on Germany’s CDU election loss and Chancellor Merz’s response?
Pressure is mounting on Germany's Chancellor Friedrich Merz after a historic election defeat. For the first time since World War II, his Christian Democratic Union failed to win a single seat in a state election.
In another election in Berlin, the governing CDU was defeated by the anti-capitalist left party. Merz insists he'll stay on as Chancellor, but offered this frank assessment of the defeat. His words spoken by a translator.
How did Russia’s United Russia party secure a landslide victory in the recent election?
Heute haben wir today we saw two elections with very different results. We can't sugarcoat the result in Mecklenburg Western Pomerania. It's a disaster. The CDU fought hard, but in the end, it was crushed in the escalating confrontation between the SPD and the AFD.
Mertz will hold crisis talks with party leaders today as some in the CDU question how long he can remain in power, with the next forty eight hours seen as crucial. The AFD now has won two German state elections in two weeks, with attacks on the political establishment and calls to deport migrants.
Well, with practically no genuine opposition on the ballot, Vladimir Putin's ruling party is heading for a landslide parliamentary election victory. Russia's Central Election Commission has reportedly said that United Russia got nearly fifty-nine percent support, with ninety percent of the vote counted. It's expected also to have more than two thirds of the seats in the lower house of parliament, the Duma.
What new AI dialogue are the United States and China launching ahead of the Trump‑Xi summit?
The vote was tightly controlled by Kremlin with Every party on the ballot supporting Putin's war in Ukraine, Sam Green is a professor of Russian politics at King's College London.
What the Kremlin needs is for ordinary Russians to look around and see not just that it gets the right result, but that result has to feel credible, which means they have to feel that the vast majority of people that they know participated in this election and voted the way that the Kremlin is showing that they voted. The task for the Kremlin is really to get out the vote as much as it is to make sure that United Russia, the Kremlin's favorite party, does win these elections. It's leaning on employers, it's leaning on local governments, it's leaning on universities, and some cases, particularly in the occupied territories of Ukraine, it's leaning on the security forces.
Sam Green spoke as the final day of voting saw Ukraine's biggest drone attack against Russia this year. Russia's defence ministry says that more than one thousand one hundred drones were intercepted across nineteen regions. Several still hit a major oil refinery near Moscow, which can process almost two hundred and fifty thousand barrels of crude a day.
How is Societe Générale planning to boost profitability and return €21 bn to shareholders by 2029?
The US and China have agreed to open a new dialogue on AI ahead of this week's summit between Donald Trump and Xi Jinping. The talks come amid an intensifying AI rivalry between the two nations, which are already at odds over trade, security and geopolitics. Speaking to reporters following the discussions, US Treasury Secretary Scott Bessent described talks as very successful.
We think that uh just just like with any cross border activity that moving from opaque uh to more transparency between the the number one and the number two AI powers in the world very important.
Why are CEOs warning that powerful AI models like Anthropic’s Mythos are creating fresh cyber‑risk challenges?
That was Treasury Secretary Scott Bessend. China's Xinhua News Agency described the talks as, quote, candid, in depth, and constructive. Presidents Trump and Xi will now have to decide whether that progress can translate into a broader easing of tensions between the world's two largest economies.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:00–0:35
2
What’s the latest on Germany’s CDU election loss and Chancellor Merz’s response?
0:35–1:09
3
How did Russia’s United Russia party secure a landslide victory in the recent election?
1:09–2:10
4
What new AI dialogue are the United States and China launching ahead of the Trump‑Xi summit?
2:10–3:12
5
How is Societe Générale planning to boost profitability and return €21 bn to shareholders by 2029?
3:12–3:49
6
Why are CEOs warning that powerful AI models like Anthropic’s Mythos are creating fresh cyber‑risk challenges?
3:49–4:30
7
What are today’s market highlights – European stocks, energy prices and bond yields?
4:30–8:03
Speakers
3 identifiedMore from Bloomberg News Now
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September 19, 2026: Trump to Name AI Czar, Bessent & He to Meet in NYC, More
September 18, 2026: Google Discloses AI Hacks, Trump Says US Has Security Deal on Greenland, More