Connect with us

The Guardians of Democracy

The Guardians of Democracy

Watch New York Stock Exchange Floor Traders Erupt In Cheers Over News Of Bannon’s White House Exit

NEWS

Watch New York Stock Exchange Floor Traders Erupt In Cheers Over News Of Bannon’s White House Exit





News of Steve Bannon’s ouster from the White House on Friday was greeted with thunderous cheers and applause by floor traders at the New York Stock Exchange.

According to CNBC:

Trading was mixed early on, but at roughly 11:18 a.m. ET word came from Washington news site Axios that the White House was prepared to fire Bannon, the chief strategist.

The S&P, which was down 5 points, promptly rallied 7 points in a matter of minutes and another 5 points over the next hour. When The New York Times confirmed that Bannon was leaving at about 12:40 p.m. ET, the market moved up another 5 points.

Floor traders, who are overwhelmingly Republican, cheered when it was reported that Bannon was out.

A source told CNN that Bannon, the former head of Breitbart News, was given the option to resign but was ultimately forced out.

White House press secretary Sarah Huckabee Sanders confirmed Bannon’s departure but did not say whether he was fired or resigned.




“White House Chief of Staff John Kelly and Steve Bannon have mutually agreed today would be Steve’s last day. We are grateful for his service and wish him the best,” said White House press secretary Sarah Huckabee Sanders in a statement.

Trump this year has fired two other aides who helped him win the White House, Reince Priebus and Michael Flynn.

Sen. Bob Casey (D-Pa.) said Bannon should never have been given his position by President Trump.

Many Democrats questioned whether Bannon’s firing would really change the White House or Trump’s policies.

“It can’t reverse the Muslim Ban. It can’t reverse the President’s inappropriate attacks on a Federal judge of Mexican heritage,” Rep. David Cicilline (D-R.I.) said in a statement. “And it can’t reverse the White House’s reluctance to denounce white supremacists.”

Comments

More in NEWS

To Top