[This Week's Macroeconomic Highlights Recap: Democrats Sweep Through House and Senate, AI Supply Chain Suffers Epic Sell-Off, Strong Non-Farm Payrolls Revitalize Rate Hike Expectations] BlockBeats reports that on November 7th, changes in the US political landscape are reshaping expectations for AI data center regulation, coupled with concerns about the return on AI capital expenditures, triggering a revaluation of tech stocks. Meanwhile, strong non-farm payrolls and energy price risks have reignited inflation and rate hike expectations. This week's macroeconomic highlights are as follows: 1. Democrats sweep Congress in US midterm elections, Trump enters a period of political lame-duckness: Democrats won control of both the House and Senate, while Republicans suffered a major defeat. The Iran war, inflation, and the cost of living became key election issues. Trump acknowledged the impact of the Iran war on his election campaign but insisted that military action was necessary. Democrats plan to strengthen investigations and oversight of the Trump administration and re-examine tariffs, healthcare, and war policies. 2. US non-farm payrolls increased by 165,000 in October, raising expectations for a December rate hike to approximately 80%: US non-farm payrolls increased by 165,000 in October, far exceeding market expectations of 65,000; the unemployment rate fell to 4.1%, and the combined upward revision of employment data for the previous two months totaled 84,000. Strong employment data prompted the market to reprice the Fed's policy, significantly increasing expectations for a December rate hike. 3. New progress in US-Iran negotiations, Iran proposes seven conditions for a ceasefire: Iran submitted a nuclear proposal to the US through Qatar, demanding that the US first meet seven conditions, including lifting port blockades, easing sanctions, and releasing frozen assets, before agreeing to further discussions. Trump stated that a US-Iran agreement is possible, but US military action against Iran continues, and security risks in the Strait of Hormuz remain. 4. Global AI stocks suffered an epic sell-off, with tech giants losing trillions of dollars in market value in a single day: Stricter regulations on data centers and uncertainty surrounding the return on AI capital expenditures triggered market panic. On Thursday, the Nasdaq plunged 5.52%, the Philadelphia Semiconductor Index plummeted 12.2%, AMD fell over 17%, and Nvidia dropped over 9%. Elon Musk, Jensen Huang, and Larry Ellison's combined wealth shrank by approximately $105 billion in a single day. On Friday, Trump publicly stated his full support for superintelligence (SI), leading to a rebound in AI-related stocks. 5. Meta, Alphabet, Apple, and Oracle sparked a wave of bond issuances among tech giants: Meta issued approximately $25.1 billion in bonds over two days, Alphabet issued €6 billion in bonds, Apple plans to raise approximately $7 billion, and Oracle plans to raise $20 billion through equity and debt financing. Continued investment in AI infrastructure is driving up funding demand, and the market is beginning to focus on the financing costs and investment return pressures faced by tech giants. 6. The trilateral peace talks between Russia and Ukraine have resumed, but European concerns have been excluded from the negotiations: The United States plans to host trilateral talks with Russia and Ukraine in Abu Dhabi, UAE, from November 10th to 11th, with Russia confirming its participation. Ending the war, a ceasefire on energy facilities, and post-war security guarantees are potential topics, but the military conflict between Russia and Ukraine continues. AI investment, US monetary policy, and the situation in the Middle East will be the three core themes for future markets.