Trump Taps Jay Clayton to Lead Top Intel Office | Balance of Power 06/11/2026
Speakers
Donald Trump
— President of the United States
Romaine Bostick
— Anchor, Bloomberg
Ed Ludlow
— Co-Host, Bloomberg Technology
Skylar Woodhouse
— Reporter, Bloomberg
Summary
President Trump announced a potential Iran deal that could reopen the Strait of Hormuz, sending oil prices lower and stocks higher. SpaceX priced its record $75 billion IPO at $135 per share, boosting space stocks. Political attention focused on FISA expiration and Jay Clayton's nomination as Director of National Intelligence.
- Trump claims a memorandum of understanding with Iran, oil prices drop and equities rally.
- SpaceX IPO priced at $135/share, $75 billion raised, begins trading amid order-matching concerns.
- Space ETF UFO rallies on anticipation of SpaceX's debut.
- House fails to extend surveillance powers as Clayton nomination accelerates.
- Former officials and analysts express skepticism on the Iran deal's details and longevity.
- Musk-Trump relationship now professional, Musk not heavily involved in midterm spending yet.
- Defense spending concerns mount as munitions need replenishment and budget debates loom.
Ideas
Iran deal lowers oil prices.
A deal with Iran will end the naval blockade and reopen the Strait of Hormuz, boosting oil supply and sending crude oil and gasoline prices lower.
SpaceX IPO will lift space stocks.
SpaceX's record IPO will act as a catalyst for the entire space sector, causing a rally in space-related stocks and the UFO ETF as the flywheel effect kicks in when trading begins.
Up Next
This Bloomberg Markets video, published June 12, 2026, features Donald Trump, Romaine Bostick discussing WTI, UFO. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Donald Trump, Romaine Bostick · Tickers: WTI, UFO