Bloomberg News Now Bloomberg News Now

Stephen Miller New Chief of Staff, Axios: Vance Leads Iran Push, More

Nov 7, 2026 · 5m

Summary

President Trump taps Stephen Miller as White House chief of staff following a Democratic midterm victory, signaling a hardline stance on immigration. Meanwhile, Vice President Vance engages in indirect talks with Iran regarding nuclear negotiations, and OpenAI closes an initial $11 billion funding round at a $1.25 trillion valuation. The episode also covers a turbulent week for U.S. stocks, strong job growth data, and Microsoft's reassessment of its cloud computing partnerships with Oracle.

Topics discussed

Sponsor: ChachiPT for business expansion planning Trump taps Stephen Miller as new White House chief of staff Vance involved in indirect talks with Iran on nuclear deal OpenAI closes $11B funding round at $1.25T valuation Stock market recap: S&P 500 drops for fourth straight week Strong job creation data cited as sign of healthy labor market Microsoft winds down AI computing rental deal with Oracle Voters push for data center slowdown and AI regulation Friday market numbers: Dow, NASDAQ, oil, and Treasury yields Sponsor: ChatGPT for business research and strategy Sponsor: Empower Personal Dashboard for financial planning Sponsor: Underdog Fantasy sports betting
Listen ad-free on Castria