Former White House communications director Anthony Scaramucci told CNBC that President Donald Trump will get 'trounced' in Tuesday's midterm elections and knows it. CNBC's All-America Economic Survey showed Trump's economic approval hit an all-time low last month, with 65% of respondents disapproving of his handling of the economy. Scaramucci said Trump has not delivered on promises of affordability, an end to 'forever wars' and transparency on the Epstein files, which he argued is pushing some within MAGA to break from him. Prediction markets price roughly a three-in-four chance that Democrats win Senate control, and Scaramucci expects a 'civil war' within the Republican Party. On Iran, he was 'bearish' about a diplomatic breakthrough after the vote, citing no alignment between Iran, Israel and the United States.
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midterm electionsDonald Trumpcost of livingDemocratic PartyIran
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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