"Washington Terrified", Stocks Spooked By Report Navarro Wants Cohn's Job After All

It was just 24 hours ago, when a headline hit announcing that Peter Navarro, the recently reincarnated architect of Trump's tariff tactics presently roiling Washington, was not in the running for the director of the National Economic Council post being vacated by "globalist" Gary Cohn helped reassure shaky markets, sending stocks higher.

It turns out that he is after all, and a report from Axios claiming that Navarro is running a stealthy campaign to fill Cohn's old job had the opposite effect, helping spook stocks.

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According to Axios, "publicly, Navarro has been coy, telling Bloomberg TV he's not in the running for the job. But privately, the hardcore trade adviser is all in for the job" which in turn has "terrified" D.C.  As reported yesterday, stocks spiked in the middle of the day when BBG first reported that Navarro had no "Cohn" career intentions.

"Sources familiar with Navarro's thinking" told Axios there are too many people inside the White House who oppose the president's agenda - especially on trade, and the president would like to remedy this.

Cohn reportedly tried to undercut Navarro at every turn, telling colleagues that Navarro "had no idea what he was doing, no grasp of economics, and constantly "lied to the president."

Navarro

Navarro, meanwhile, has always been a favorite of Trump for his willingness to reflect the president's "hard-wired" view on trade - something that only Navarro, US trade rep Robert Lighthizer and Commerce Secretary Wilbur Ross share. Trump would sometimes reportedly ask "Where's Peter?" when Cohn and other White House staff had "forgotten" to tell him about a meeting.

To be sure, Trump is considering up to a dozen possible replacements for Cohn, who has been advocating for Shahira Knight, a senior figure on the NEC, is well-regarded on the Hill and played a crucial role in passing tax reform, to succeed him. Trump has only said that a replacement will be chosen "soon."

But until a choice is made, it remains foolish to rule Navarro out.

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Comments

cheka Thu, 03/08/2018 - 13:07 Permalink

just like andrew jackson said they would (when he was battling the nyc banksters)

chump needs to do same -- tell the public what the parasites are going to do

Stan522 Bes Thu, 03/08/2018 - 13:33 Permalink

Who Trump hires for this position is less of a concern than who he last listens to and moves forward with a decision. So far, he is moving on things that I mostly approve of....

How many past presidents can you say that about?

In reply to by Bes

Betrayed Bes Thu, 03/08/2018 - 14:00 Permalink

Ending the Fed is the only way to fix the systemic rot that infests DC and Wall street. Trumpenstein does not have the guts and besides He works for (((Them))).

John Kennedy found out on Nov 22 1963 what the Tribe will do to you if you threaten their usury scam.

For anyone who supports the Fed explain why a 2018 Federal Reserve note is worth 4 cents when compared to a 1913 Dollar is a good thing.

In reply to by Bes

abgary1 lester1 Thu, 03/08/2018 - 16:57 Permalink

Automation has more to do with the unemployment level than globalism.

 

Automate the public sector, slash government spending and taxes.

Ban automation in the private sector, put people back to work and let them keep their money.

 

Governments have a spending problem not a revenue problem and government spending does not drive the economy.

In reply to by lester1

VAL THOR Thu, 03/08/2018 - 13:12 Permalink

Who cares?

Build the wall, lock up Clintons, wipe FBI, CIA, NSA off the map, deport every illegal and their supporters and MMDA!

MMDA= Make My Day Again!

JoseyWalesTheOutlaw Thu, 03/08/2018 - 13:23 Permalink

So the story is the Jews ain't happy on WS? Anybody, Bueller

 

The Priest and the Rabbi walking past the Boyz Club...

The Priest..."lets go in their and fuk them all"

The Rabbi..."out of what?"

 

Md4 Thu, 03/08/2018 - 13:33 Permalink

"Sources familiar with Navarro's thinking" told Axios there are too many people inside the White House who oppose the president's agenda - especially on trade, and the president would like to remedy this."

 

No wonder so little is getting done.

 

What are these people doing there, Mr. President?

JDFX Thu, 03/08/2018 - 13:38 Permalink

Riggggghhhht ! So all the big traders think the same , ergo, this is what simultaneously , alters stock price direction, ACROSS THE GLOBE ...

 

OK then... 

 

😂😂😂