*TRUMP ANNOUNCES STEPHEN MILLER AS CHIEF OF STAFF FROM MONDAY

A headline reports that Donald Trump has announced Stephen Miller as Chief of Staff, effective Monday, with the source flagged as WB and the affected asset listed as TRUMP. The transmission channel for a White House staffing change is primarily policy expectations rather than direct cash flows, since the appointment alters the perceived direction of executive-branch priorities on trade, immigration, and regulation. Markets typically reprice sectors sensitive to those policy dimensions, such as tariff-exposed importers, domestic manufacturers, and immigration-linked labor-intensive industries, though the headline itself contains no quantified policy change. Assets most directly tied to the headline are politically linked instruments such as TRUMP-branded or politically referenced tokens, which tend to react to sentiment and attention rather than fundamentals. The next concrete catalyst traders will watch is Monday's first public policy directives or executive orders issued under the new chief of staff's office, which would indicate whether the announced shift translates into actionable regulatory or trade measures.

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