Gas Prices Fall, Vance Pulled from Iran Talks & NVIDIA CEO’s Sudden Exit | 11.13.26

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landscape and will there be political fallout i'm daily wire executive editor john bickley with georgia how it's friday november 13th this is one wire president trump pulls vp vance from the iran talks saying we don't need a deal while gas prices continue to drop and a migrant caravan in southern mexico is heading toward the u.s testing the government's resolve on the border elections don't change laws the same laws we've been enforced in the last two years we're going to force for the next two years and they can't stop that thanks for waking up with morning wire stay tuned we have the news you need to know freedom is given to us by god not government but its ability to endure rests with the people we're seeing our god-given rights tested threatened and violated right now and we must stop it before it's too late our friends at alliance defending freedom are fighting some of the most critical legal battles of our generation upholding biological truth defending free speech preserving religious liberty but they depend on friends like you to keep up this work your gift today powers the very legal battles that are defining freedom's future visit join adf.com slash wire or text wire to 83848 to give today that's join adf.com slash wire or text wire to 83848 the man who helped turn nvidia into an artificial intelligence powerhouse is now officially out sending shockwaves through the tech world daily wire culture reporter megan basham joins us now with the latest and what it means for the cutthroat ai race so megan earlier this week we reported about jensen huang's affair with the possible chinese spy and the situation has since really spiraled what's the latest yeah georgia so this was a really abrupt turn of events for huang who co-founded nvidia 33 years ago and he built it into one of the largest companies in the world and when we talked about this story last just a few days ago the plan was for him to stay on as the board oversaw an independent investigation into whether his relationship with an alleged chinese spy had created national security risks but that plan shifted after evidence of further infidelity emerged so what happened was that on wednesday the new york times the Chinese reported that huang also cheated with his um health care vice president kimberly powell she was one of his direct reports so probably hr wasn't thrilled about that and neither huang nor nvidia confirmed or denied these allegations but the next day uh nvidia announced that huang was going to be stepping down and by the way last night there was reporting that there may actually have been a third affair and now chief financial officer colette kress is going to be taking over on an interim basis but you know regardless this is a major leadership shock for a company whose identity has really been very closely tied to its founder and you do have some voices who are concerned in the tech world that maybe it's not a good idea to push huang out but on the other hand you know we spoke to a vp at patmos kyler schmidt and he said you know he thinks there might be some wisdom here anytime that you take a foundational voice in the industry a founder at a company like nvidia and you remove them there's going to be consequences you have to balance that against the national security concerns as well as just shareholder trust i personally think that the change probably is advisable uh if i if i were on the board of nvidia um but they need to be really intentional with who they put in to replace jensen now there has been some political fallout here as well we're seeing reports that treasury secretary scott besant had a pretty tough meeting with commerce secretary howard lutnik about how he handled this was a ball dropped here that's still a really big open question john because as you say there are reports that besant confronted lutnik in the situation room last week over why megaspeed which is that nvidia customer that huang's mistress worked for and is linked to um chinese espionage hadn't been placed on a federal restriction list even though the administration had been briefed months ago about the suspected intelligence connection so according to axios lutnik stammered in this meeting i don't know i'll look into it now attorney general todd blanch said in a press conference thursday that the doj will now be looking into it could potentially be a violation of our export laws and that could be civil regulatory it could also be criminal depending on the case but you know again president trump is pretty much sticking by jensen huang this is what he said on monday i just know jensen very well i just think he's a very honorable man he said he had absolutely no idea that the person in question was a spy now a lot of people have stocks at nvidia how has that stock performance been this past week it's been very volatile and i think we can say that it's been having a domino effect across the industry and across the market and in fact that was something that schmidt's addressed with us as well nvidia is kind of a household name a staple american company i'm this type of of cycle and and facing these types of allegations via you know the actions of jensen i don't think it'll help the industry as a whole in terms of the consumer optics in terms of the trust so you know first on thursday nvidia plunged 14 at the start of the trading day by the end it had rebounded a little bit but it also seemed to have an impact on core weave which is another company that buys nvidia chips and rents computing capacity it fell right along with nvidia and then on the other side of this question nvidia's competitors uh actually gained as well in the market so you can kind of see the ripple effect here yeah and obviously with a company this size there are a lot of retirement accounts that are bound up in nvidia so its losses are going to affect a lot of people's balances oh yeah i've spoken to some people i know just this week megan thanks for 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that's balanceofnature.com promo code wire for 35 off your first subscription in a major shift president trump is saying that we no longer need a deal with iran those days have long since passed joining us now to discuss is cabot phillips host of wired in so cabot president trump pulled jd vance off these iran talks let's start there what can we make of that yeah a significant shake-up that no doubt was influenced by the midterm results last tuesday uh the wall street journal reported that jd vance had actually been elevated to lead negotiator with iran within the administration and was preparing to do another round of face-to-face meetings with top iranian security officials to hopefully try and put an end to the war but by thursday morning the president posted that viral truth social post that he had pulled vance from iran negotiations altogether he wrote that he is instead having vance quote focus his complete and total attention on the massive corruption and crime taking place in democrat-run cities and states he went on to add that quote we don't need a deal with iran those days have long since passed and this whole situation is pretty similar to the immigration discussion we had yesterday since midterms republicans have done a lot of self-reflection on why the outcome was so bad trump told reporters last week that vance quote was right when he said the reason for the blue wave was the iran war and then this week he added this other caveat that the war was still worth it though regardless i should say didn't add that he reiterated it he's been saying that for some time now and now we see jd vance pulled off the iran beat and trump saying who needs a deal anyway meanwhile iran certainly still presents a threat to the u.s in fact we have the situation with secretary scott besant fill us in on what's going on there yeah wild and it really scary story here so the report came out tuesday that treasury secretary besant had been forced to move out of his dc residence and onto a military base after running threats against his life that were deemed ultimately credible enough to necessitate him moving. Remember, Besant has led the economic pressure campaign against Iran since August. And according to this specific report, U.S. intel officials believe that Iranian plotting against American officials had reached a more advanced stage. And those concerns grew in January of 2025 after the Wall Street Journal reportedly failed to remove the location data from an aerial photo of Besant's home that they had included in one of their articles. And that potentially opened the door for danger. It's not entirely clear how severe these threats are. But again, it's important to note that Besant is not the only one living on a military base. Secretary of State Marco Rubio and Secretary of War Pete Hegsteth are also living on bases for their protection. New White House Chief of Staff Stephen Miller and his wife and kids as well. So it tells you something has to be at least somewhat significant for them to uproot their entire lives to live on a base. Now, meanwhile, the U.N. has given Iran some very interesting responsibilities. Can you tell us about that recent vote? Yeah, we've seen a lot of examples over the years of the U.N. offering. Committee appointments to human rights violators and all sorts of bad actors on the global stage. Yet another example now. The U.N. General Assembly on Wednesday just voted to reconfirm Iran's seat on a committee that's responsible for, get this, reviewing its policies on women's rights and international terrorism. The vote was also not particularly close. 144 out of 193 members seemingly totally fine with renewing the seat for Iran, the world's biggest exporter of terrorism. They will maintain power on this committee that, again, is responsible for the protection of women's rights and international terrorism. for establishing global priorities on disarmament, counterterrorism, and, again, women's rights. The leader of the watchdog group U.N. Watch called the move a, quote, travesty of justice that emboldens the Iranian regime. But a lot of people not too surprised because the U.N. has a track record of this. Now, the vote is not public yet, so we don't know exactly how each country voted. But so far, the only countries that have publicly denounced this are the U.S., Canada, and Australia. Now, another development related to all this, of course, is gas prices. At home, we've seen them go down in the last couple of weeks. What is going on there? A lot's going on, as always. A lot at play when it comes to gas prices. So, as far as the cause is, part of it, it's a normal seasonal shift that happens in the fall. People travel a lot more during the summer, so prices go up. But an analyst at Rystad Energy said the biggest factor is just cheaper crude oil prices, driven in part by optimism surrounding the U.S.-Iran diplomacy. The analyst did warn that if hostilities were to resume and shipping lanes were to be further restricted, prices would likely go up. But, as far as the cause is, it's a normal seasonal shift. But, oil suppliers are adapting now to the status quo and to all of the disruptions we've seen in the Middle East. More oil is coming out of places like Saudi Arabia via pipelines instead of tankers that are vulnerable to the potential threats from the Houthis and the Iranians themselves. And U.S. companies are sourcing oil from more reliable areas. But again, one more but. A lot of buts here. The conflict would need to end completely for gas to go below pre-war prices. That is what we're hearing from most of the experts. Well, that may be part of why President Trump says we don't have enough gas. But, again, one more but. A lot of buts here. The don't need a deal, at least right now. Midterms are over, too. Less political pressure as well. Cabot, thanks for reporting. Absolutely. Wire to 83848 to give today. A massive migrant caravan is winding its way through southern Mexico en route to the U.S., presenting President Trump with the first major challenge to his strict border enforcement of his second term. Daily Wire contributor Tim Pierce is here to give us the latest on the caravan and whether or not we're about to see the return of the migrant crisis. So, Tim, where is this caravan now and when could it be at the U.S. border? Well, caravans are slow and it's about a thousand miles from the border. So, it's a lot of work to do. And it's a lot of work to do. Mexico and Guatemala to the southern tip of Texas. The caravan just set off from Tapachula on Tuesday, which is about as far south in Mexico as you can get. Depending on where along the U.S. border they want to cross, that could add an extra six to 700 miles onto their journey. The caravan has around 1,500 to 2,000 people, and almost all of them are traveling on foot. So, it still has a couple months at least to go before they reach the U.S. So, we have a little time, it sounds like. Now, these caravans mostly disappeared when Trump took office in 2024. Is there a sense on the ground that the border might be opening up again since we've had these elections? Yeah, actually, many of these migrants told CNN openly that they're hoping that with Democrats gaining majorities in Congress, they may soften on Trump's strict border enforcement. That seems unlikely at the moment, but optics can be different than reality. Many people south of the border see the blue tsunami as bringing back the much more lax border policies of the Biden administration. But the Trump administration says it's been expecting something like this since before midterms if they went Democrats' way. Borders are Tom Homan was on Fox News recently to reassure people that the border will remain secured for at least the next two years while Trump is in office. We call it the Biden effect. The caravan started, they all started in this. I knew if the Democrats could control the Congress, this would happen. However, President Trump's in the Oval Office, he will secure that border and continue to secure that border. They're not going to be released. The Democrats can't change the fact the executive branch will continue to secure that border. The Democrats can't continue to enforce law. Look, elections don't change laws. The same laws we've been enforced in the last two years, we're going to enforce for the next two years, and they can't stop that. Now, President Trump has addressed this new caravan. What has he said and what's the plan for dealing with it? Yeah, he's definitely on it. He wants the Mexican government to resolve the issue before it even gets to the U.S. Here's in part what he posted on True Social yesterday morning. They, the immigrants, will not be accepted. Mexico must stop them now. And if they do not do so, the tariffs on Mexico will be immediately doubled. Homan had more to say about that as well. But again, Mexico needs to step up like they did in Trump 45. They need to put troops on their southern border, northern border. It's against the law in Mexico to transit that country if you're from another country without a transit visa. So they're breaking Mexico's law, too, so Mexico needs to step up. Mexico's President Claudia Scheinbaum responded to Trump while talking to reporters yesterday. She said that a migrant caravan hasn't been seen at the U.S. border since January 2025. And she said that Mexico is already making efforts to relocate migrants back to their home countries or, in certain cases, keeping them in Mexico. That seems like a much softer approach than what the White House is looking for. And Mexican law enforcement doesn't seem to be turning people back. Breitbart reports that at least one caravan in southern Mexico has actually received a police escort and that that caravan is being allowed to stay overnight in Mexico as it continues its journey north. Well, Scheinbaum says Mexico can handle these new caravans. I guess we'll find out soon enough. Tim, thank you so much for joining us. Thanks for having me on. Confession is out now on Daily Wire. This, of course, is a big win for all of us here at The Daily Wire, but it was also built on all of your contributions to this movement. So enjoy it. Check it out today. Thanks for waking up with us and to enjoy the show ad-free and join our mission, become a member at dailywire.com. We'll be back this evening with more news you need to know. Father, I used to feel Christ. I cannot feel anything here. They take me out of my bed and they brought me here and they tell me nothing. What have I done? Article 58. Counter-revolutionary activity. That is all I know. 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