Stock traders cheer on Bannon exit

From BBC - August 18, 2017

US stocks regained ground on Friday, after it was confirmed President Donald Trump's polarising adviser Steve Bannon would depart the White House.

Three major indexes turned higher in mid-morning trading and were modestly up by early afternoon.

Mr Bannon, a right-wing nationalist, helped shape the "America First" message of Mr Trump's election campaign.

He also supported some of Mr Trump's more radical economic positions.

In a recent interview with the left-leaning American Prospect magazine, Mr Bannon said the US was in an "economic war" with China, and called for aggressive protectionist moves.

Cheering broke out on the floor of the New York Stock Exchange as news of Mr Bannon's exit spread.


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