Stocks Jump On Rumors That Bannon Firing Is Imminent

Tyler Durden's picture

A decision is reportedly imminent from White House chief of staff John Kelly on whether Steve Bannon will keep his job, according to administration officials with knowledge of the situation. Axios reports that man West Wing officials are now asking "when," not "if," Bannon goes.

Axios points out that Bannon, who has run afoul of Trump in the past, is now suspected by the president of leaking about his West Wing colleagues.

Trump resents the publicity Bannon has been getting as mastermind of the campaign.

 

Many West Wing officials are now asking "when," not "if," Bannon goes.

 

Chief of Staff General John Kelly has been reviewing Bannon's position.

 

A recent deluge of media coverage of Bannon - including Bannon's explosive conversation with the American Prospect - have not escaped either the president's or Kelly's attention.

One White House source twists the knife:

"His departure may seem turbulent in the media, but inside it will be very smooth. He has no projects or responsibilities to hand off."

Interestingly, the market is bouncing on these headlines (presumably this would be a win for Cohn).

Which is odd because the actual report contains absolutely no additional information at all that Bannon may or many not fired.

However, Axios does note that there are a number of reasons why Bannon may survive...

Trump often sends mixed signals about his personnel plans, and makes decisions — both to keep and dismiss people — on whim.

 

Bannon, with his close connection to the president's base, is the one West Wing official who could do authentic damage to Trump on the outside.

 

We're told that Bannon's friendship with the billionaire Mercer family, who has been an important Trump ally, is a factor in the president's decision and could be part of the strategist's survival package.

One Bannon friend warned: "Get ready for Bannon the barbarian."

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ParkAveFlasher's picture

smart move.  bannon got him in the WH.  Trump tends to hire for missions.  he doesn't buy when he could rent.

 

BullyBearish's picture

the POS ice cream cohn should go first...

BaBaBouy's picture

If true then Thump Dump Is around the Corner...

(Goooo Coal)

froze25's picture

Well you might as well short the overall market because Bannon isn't going anywhere.

ne-tiger's picture

He is full of shit and should be fired long ago. Another thing good: just to piss off fucking racist rednecks here who will feel so sad!

evoila's picture

Flynn was a moron but that said his leaving was the beginning of the end for trump. Unfortunately for snowflakes, if Trump goes there is a good chance civil war breaks out. And I'm pretty sure the police aren't going to do shit since they've been crapped on by the left.

ne-tiger's picture

who gives a fuck, if dumb rednecks think their stupid revolvers will be powerful, they are full of shit in their brains.

Philo Beddoe's picture

Average american voter chimming in with his two cents.

Ghost of PartysOver's picture

And the scary thought is that 50% of the American Electorate is more pathetic than he is.

ArgentDawn's picture

It's ok thy live in easily siegeable cities.

JSBach1's picture

It is apparent that there is a on-going campaign to dirty up Bannon before the inevitable firing, now coming from Trump's own agents like Roger Stone (see link), as it wasn't enough incoming turd to pile on from others. Yet ones that should be fired seem secure in their positions, but go ahead Trump and amputate your hand. Think long and hard there before you pull the trigger...there are ALWAYS unintended consequences! Besides there are bigger fish to fry.

http://dailycaller.com/2017/08/17/bannons-time-is-up/

Libtard's picture

You win the interwebz for the dumbest post of the day! 

ne-tiger's picture

not as dumb as your imaginary powerful feeling of a down vote on internet here!

dark pools of soros's picture

starve in your urban hell when shit hits the fan monkeybrain

Bay Area Guy's picture

Cops are going to support the side that pays their salary and pensions.

Bill Brasky's picture

Exactly. We have already seen them consistently put their local government authorities' will over that of the constitution. Fracturing will occur within departments, let's just hope that there are enough good cops out there.

Gaius Frakkin' Baltar's picture

Which will be nobody when it goes hot.

Cognitive Dissonance's picture

One hopes Bannon's stock options have vested.

Oh....wait....

/humor

/sarc

AllTimeWhys's picture

"Bannon is going to be fired!" Chapter 5986739847

 

jesus, how many times have we heard this?

overbet's picture

If you dump Bannon I dump you Trump. That means no more monthly dontations or defending you. Youre on your own. 

Cognitive Dissonance's picture

"That means no more monthly dontations or defending you."

Monthly donations to what?

overbet's picture

I do monthly auto debit to this. 

https://secure.donaldjtrump.com/we-made-history?amount=150&utm_campaign=...

 

When you earn my money you can tell me how to spend it. 

HoyeruNew's picture

"youre"? No wonder you voted for the Orange Buffoon.

The Cooler King's picture

"Stocks Jump On Rumors That Bannon Firing Is Imminent"

 

So who the fuck is writing these algos anyway?

Iskiab's picture

Weird thing is the rally is low volume

pot_and_kettle's picture

"They" want to get ahead of the rally back to 22,300

FoggyWorld's picture

Trump has responded to that by saying Bannon only came on board in August.   What Trump doesn't remember is that white board where Bannon kept track of all the promises made and helped shaped a program.    He still has that board up in his office and that will be put in the burn bag.  

Trump expects people who work for him to be cheerleaders or outright devious and that leaves no room for straight shooters.

GUS100CORRINA's picture

Stocks Jump On Rumors That Bannon Firing Is Imminent

My response: The DEEP STATE's attacks of the last 8 months have really taken a toll on TRUMP's original team.

America is full of SWAMP CREATURES who are everywhere in the shadowy mist. We saw some of that this past weekend.

Untill this past weeking, I had NO IDEA that the Mayor of Baltimore had been removing historical statues on her own authority at night because she did not want anyone to know about it. THIS LADY SHOULD BE IN JAIL!!

HRClinton's picture

"LADY"?  Why do you call her that?

At BEST, she's a "woman". At worst...

yogibear's picture

Now for sure the deep state will get Trump impeached. Not wise.

froze25's picture

You actually have to do something to be impeached, you can't just impeach a president because you don't like the way they addressed a situation (I thought he addressed this weekends violence fine). What crime has Trump committed? What will the impeachment charges be? ..... exactly there isn't any so he will not be impeached. Obama ran Fast and Furious a clear crime, not a utterance of impeachment from the RINOS.

Cognitive Dissonance's picture

"....you can't just impeach a president because you don't like the way they addressed a situation...

Well, no, not technically at least. But they can make some shit up.

Remember that ultimately impeachment is a political act, not a legal act. They just like to make it seem like it is legal.

Plenty of presidents have done illegal acts worthy of impeachment....but were not.

Yukon Cornholius's picture

Trump will be impeached a la Kennedy if there is any impeachment at all.

11223344's picture

The attack on Syria should be an impeachable offense.

Give us Stirling Engines's picture

Liberals would disagree with your first sentense, that is the problem.

natxlaw's picture

If he fires him, it will be in a General Flynn kind of way. Where he's just working from the outside.

tmosley's picture

>Insult white nationalists

>Get fired

I love out president.

Eyes Opened's picture

If Bannon goes it's over.....

Battleaxe's picture

If we remove Bannon and all of the Civil War monuments the economic situation gets immediately better!

SgtShaftoe's picture

If Bannon gets the boot, they'll have plenty of room to put up statues and monuments for the NEW civil war that would likely imminently consume the country.

What a fucking shitshow.

CJgipper's picture

If/when Bannon goes, you'll know that the swamp has consumed even Trump.

Matthew John's picture

"Get ready for Bannon the barbarian."

Bam_Man's picture

And this is the nonsense that moves these "markets"?

"Efficient allocation of scarce capital..."

lol.

Offthebeach's picture

Deep State very sad that their Versailles on the Potomac has been disturbed.  Still 3-4 counties left in NoVa not in top ten wealthiest.   And of course Banksters, Corpse Corporations upset that  s mooth destruction of Americans has hit a molehill on the road.

Tulak's picture

if 45 fake president will Fart witch way stock will go?

poland spring's picture

My puts on UVXY are then paying off, thanks for the headlines!!!!!

equity_momo's picture

How would that be bullish?

Bannon is the gatekeeper. He goes , Trump goes. Matter of time then.  The market pricing in positive earnings for civil war? Interesting....