Bloomberg This Weekend

President Donald Trump said he was tapping longtime aide Stephen Miller as his new chief of staff and that Susie Wiles is moving to his political operation, shaking up his White House team days after a devastating midterm result. The move comes after rival Democrats dominated Tuesday’s midterm elections, handily winning control of both chambers of Congress. Elevating Miller, the architect of the administration’s hard-line immigration agenda and an advocate of aggressive administrative actions, is a signal the president is unlikely to moderate his policies or seek compromises with the new legislature despite an election that offered a sharp rebuke to his second term. Also this weekend, Seattle’s return to the NBA isn’t a slam dunk yet, as some owners have raised concerns about the Emerald City. Owners worry that adding a Seattle team might not yield the desired financial return, with the potential payout from Vegas exceeding expectations. The franchise fee for Vegas is expected to reach $10 billion, while Seattle is expected to fetch owners roughly $6 billion to $6.5 billion. On today's show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Leslie Shedd, Rising Communications President, and John McCarthy, Principal at Causeway Strategy Group, on how both parties are recalibrating after Democrats' sweeping midterm victories. - Ryan Gallagher, Bloomberg News Investigative Reporter, on the everyday apps that are collecting location data and selling it to law enforcement agencies. - Randall Williams, Bloomberg News Senior Sports Reporter, on the latest in the NBA's potential expansion to Seattle and Las Vegas, and the possibility of an MLB strike. Plus, David, Christina, and Lisa discuss the stories you might have missed this week on BTW. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.See omnystudio.com/listener for privacy information.

On Friday, President Donald Trump said he was tapping Stephen Miller as his new chief of staff, shaking up his White House team days after a devastating midterm result. The move comes after rival Democrats dominated Tuesday’s midterm elections, handily winning control of both chambers of Congress, and is a signal the president is unlikely to moderate his policies. Susie Wiles, the first woman to serve as White House chief of staff, is moving to Trump's political operation, and her departure deprives the president of a trusted adviser who quietly wielded considerable control over the West Wing's operations. On today's show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: Joe Mathieu, Co-Host, Bloomberg Balance of Power on the fallout of Tuesday's midterm elections and President Trump's decision to change up his cabinet. Brittany Chang, Travel Journalist, on cruises becoming a more popular vacation for younger people. Missy Mazzoli, Composer & Pianist, on being the first woman to open at the Met with her Opera "Lincoln In The Bardo." Plus, Christina, David, and Lisa play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.See omnystudio.com/listener for privacy information.

Donald Trump is concluding his electoral campaign with a whirlwind sprint across the country to turn out his most fervent supporters and thwart Democratic designs to curtail his power. Most surveys give Democrats strong odds of gaining congressional seats needed to take control of the House, and Democrats are optimistic about their chances in the Senate, with seven seats closely locked in the polls. Republican insiders describe a Senate map that's still largely in toss-up territory or within reach for a win, but it's unclear whether Trump's rallies are a help or a distraction due to his low approval ratings and off-message remarks. Rep. Rosa DeLauro of Connecticut expects a Democratic wave in the midterm elections, arguing that concerns over affordability and the cost of living are driving voters toward her party. DeLauro says that if Democrats win the House and she reclaims the Appropriations Committee gavel, she would focus on affordability, oversight and accountability rather than impeachment. On today's show, Bloomberg This Weekend hosts David Gura and Lisa Mateo speak with: Rutgers University Polling Director Ashley Koning and Bloomberg Opinion Senior Executive Editor Tim O’Brien, on the the reliability of polling Representative Rosa DeLauro (D-Connecticut), on her expectations from the midterm elections Dan Sheridan. Brooks Running CEO, on today's New York City Marathon Plus, David, Lisa, and Nathan Hager discuss the stories you might have missed this week on BTW. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.See omnystudio.com/listener for privacy information.

Disappointing Big Tech earnings are intensifying investor concerns about whether massive AI spending will generate sufficient returns, as Alphabet and Intel come under particular pressure. This comes after a Federal Reserve meeting on Wednesday, and the record $6.3 billion Binance hack with the possibility that North Korean hackers were responsible. House Foreign Affairs Committee Ranking Member Gregory Meeks says affordability would be Democrats’ top priority if they take control of the House, alongside restoring health-care benefits and conducting oversight of the Trump administration. Meeks also says companies involved in importing Russian diesel could face congressional scrutiny and predicts Hakeem Jeffries would become Speaker if Democrats win the majority. On today's show, Bloomberg This Weekend hosts David Gura and Lisa Mateo speak with: Michael Ball, Bloomberg News, Macro Strategist, on yesterday's market selloff, and the AI trade Representative Gregory Meeks (D-New York), on the midterm elections and how he feels about the Democratic Party's prospects Journalist and Bioethicist Elizabeth Yuko, on how haunted-house operators can become unlikely partners in urban revitalization by investing in infrastructure, attracting businesses and finding new uses for neglected properties Plus, David, Lisa, and Nathan Hager play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.See omnystudio.com/listener for privacy information.

Israel’s election campaign has been consumed by Iran, national security and the impact of three years of war, with Israeli Prime Minister Benjamin Netanyahu and his main challenger, Gadi Eisenkot, rarely straying from the theme. The vote will pit Netanyahu’s military hawkishness and religious nationalism against Eisenkot’s plans to fund Israel’s defense buildup through structural reforms that help bring down the government’s debt, which has soared in the past three years. Also this weekend, Halloween candy prices are reflecting cocoa's wild ride. Chocolate remains expensive even after cocoa prices retreated from peaks, pointing to persistent supply pressures in Ivory Coast and Ghana and manufacturers’ efforts to manage costs. On today's show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Rep. Dan Crenshaw, (R) Texas, on calls for expanding Ukraine’s access to Starlink over Russia and increasing pressure on Vladimir Putin to create leverage for peace negotiations. -  Former Prime Minister of Israel Ehud Olmert, on how security, democracy and the war in Iran are shaping Israel’s election and argues that the country needs a change in its approach to settler violence in the West Bank. - Ignacio Canals Polo, Bloomberg Intelligence Consumer Staples & Food Analyst, on why chocolate prices are unlikely to make a quick return to their previous levels. Plus, Christina, David, and Lisa discuss the stories you might have missed this week on BTW. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.See omnystudio.com/listener for privacy information.