Discussion on Trump's Chief of Staff and Market Response (Part 3)

Darth Vader of the country. So if Donald Trump was hoping that he might be able to do deals with Democrats who now control Congress in terms of legislation and things like that, that may have got a bit harder with Stephen Miller as chief of staff. So, Gary, not so much a matter of President Trump being chastened more the gloves are off. I think that's right. I think Stephen Miller posted on Twitter that it was time to use all of our soul, as he put it, to support the president and to fight for this magnificent republic, as he described it. So there's certainly a pugilistic sound coming out of him and out of the president after those midterm results and the president not seemingly prepared to change course. We know that the morning after the midterms, bear in mind, he was talking about the ballroom yesterday, he was signing an executive order to preserve the Oval Office with all its gold leaf, etc. I will say this, he had four chiefs of staff during his first term. This is his second. Chiefs of staff do change in administrations. And if you're going to do it, this is as logical time to do it as any. Gary o' Donohue in Washington Shares in tech firms have recovered slightly in the United States after sharp falls on Thursday, which saw companies including Nvidia, SpaceX and Tesla lose trillions of dollars in value. The losses were triggered by concerns that the electoral success of the Democrats would slow the development of artificial intelligence. More details from our business correspondent. The after a frenzied 24 hours, global stock markets appear to be pausing for breath. The main European markets spent the day in negative territory, but their losses were relatively small. Yet the impact of the recent sell off is still being felt. Nervousness among investors about the AI boom and whether some tech companies will ever be able to justify their huge valuations by making enough money have been growing for some time. The Democratic Party's victory in the US Midterm elections this week raised the specter of increased regulation of data centers, which could curb the industry's growth. Some experts believe the AI gold rush has created an unsustainable market bubble which is now at risk of bursting and leaving investors nursing big losses. But according to Tudor Brown, who co founded the British based tech firm ARM holdings, those concerns are being overplayed. These stocks have run up massively on the pretext of infinite AI growth and data centers and whatever. And so when we get this Democratic set of.