US President Trump says he intends to keep Secretary of War Hegseth, ABC's Karl reports

Newsquawk Staff · 5 Nov 2026, 12:56 UTC

US President Trump says he intends to keep Secretary of War Hegseth, ABC's Karl reports.

What our morning note said

US Market Open, 5 Nov, 10:57 UTC · what it led with

US President Trump said it was "largely true" that Republicans lost the midterms because of the Iran war, while he said he is not replacing War Secretary Hegseth.
European bourses build on recent advances; AI/memory sell off continues, with NQ -0.5% underperforming.

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Iranian President Pezeshkian says the Supreme Leader has granted the government some authority on dialogue, ISNA reports.
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ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
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