Gary cohn quits. Major resignation. Chief economist gary cohn leaving the west wing. Crucial voice when pushing back against the president. One source telling cnn trade war has left gary cohn furious. Strongly opposed, almost using way too light of a word, passionately opposed to the president s steel and aluminum tariffs. In fact cohen was planning a meeting with the goal of talking trump off what they see is the legend tariffs. Source close to the president telling me cohn was only good guy left. This will cause the most trauma. Thats how significant the cohn departure is to some around this white house. And of course this is talking about the white house itself. There is trauma tonight even beyond the walls of trumps troubled white house. Wall street not reacting well. Plummeting 300 points on the news. Getting into the realm here of what we saw with the actual tariffs themselves. Keep in mind, this is not the first time gary cohn has co contemplated. When the president said both sides were to blame for the deadly white supremacist in charlottsville. I think there is blame on both sides. You look at both sides, i this i there is blame on both sides. And i have no doubt about it, and you dont have any doubt about it either. Cohn took that on directly. Youll see that. You see him here. His exit comes just less than a week after hope hicks, one of the president s top and trusted advisers also stepping down. And cohns resignation is coming at the same time trump is trying to change the narrative that his white house has descended into chaos. Today he told reporters from around the world that Everyone Wants to work for him. Despite the fact that cohns chair sat empty at the moment he said that during the press conference. See his name there and of course he wasnt in the seat. The president tried to say hes inundated with applications. Said in fact he has ten for every single job in his white house. You know, i read oh gee maybe dont want to work for trump. And believe me, everybody wants to work in the white house. So many people want to come in. I have a choice of anybody. I could take any position in the white house, and ill have a choice of the ten top people having to do with that position. Everybody wants to be this there. The white house has Tremendous Energy. It has tremendous spirit. It is a great place to be working. Its just a great place to work. The white house has a Tremendous Energy and we have tremendous talent. Tremendous was the word of the day. But of course when you are looking at this white house, one thing we can say is that the white house does appear to be spending a tremendous amount of energy on back swiping and dealing with depart tours. More than 1 in 3 Trump Administration staffers left the white house in first year. Twice the rate of george bush first year, 2ri7 el the obama first year in office. Heres a look at the swearing in. January 2, 2017, staff, you see them all. A year later, well, you can see for yourself, a lot of them are gone. Fired. Pushed out. Quit. Our senior White House Correspondent jeff zeleny begins our coverage. Gary cohn last one standing to some supporters of the president. Have you been talking to sources. What happened here . Reporter certainly is significant. Dont move markets. Chief economic advisers can indeed set policy and move markets. Talking to a lot of people here, it has become clear they had a Good Relationship of course for a long time, perhaps surprisingly so to steve bannon and other populous and nationalists inside the white house. But it was the fight over the last week or so over steel, aluminum, these tariffs that caused a divide between the president and top economic adviser. And it was not a pleasant situation im told. Over the past 24 to 48 hours it became untenable. And its one of the things fight described to me as the last straw. Final straw. And of course he lost the fight. Its not the only reason of course things had been building. But as recently as a few weeks ago, gary cohn was still being mentioned as possible can diet for chief of staff. So the president did have good rapport, but policy wise speaking things came to an end here. But it was a very abrupt end. The president saying Everyone Wants to work here. Erin, that is going to be tested like never before. Because republicans here in washington d. C. And beyond are saying we are do not want to go into the white house. So who fills this position will be so important . And the markets of course well be watching. Thank you very. Crucial when you talk about ten people wanting the job, you have to find someone who supports the president on tariffs and economists world of ceos its hard to find ten of those. Jeff, stay with me. I want to bring into the conversation april ryan and gloria borger. Look, another one bites the dust. This is not just anyone. No, someone who garnered a great deal of respect around the economic industry around the world and who really helped the president push through the tax cuts, worked very, very hard on that. And i this think he had hopes at some point that he would function as kind after trade czar in a way. And of course that didnt happen. What he was trying to do before he abruptly quit or the president abruptly told him to quit, we are not sure, what he was trying to do was kind of moderate the president s stand on these tariffs. He was trying to have him meet with people from the Auto Industry and the bottling industry, for example, so they could talk to the president about the ramifications of these tariffs. The president apparently heard about it. And got very upset about it. And that may have been the precipitating factor. Im not quite sure yet. But i dont think the president likes to feel that people were trying to manipulate him out of this position that he had taken. No. And of course you see the market plunging 300 points now. April, well see what happens. Markets go up. Markets go down. But the issue here, april, is that gary cohn was perceived as to some the last moderate standing. He was widely respected. You heard the kind of take of one source saying this is a new trauma. Perhaps the biggest yet for this president. Yes, in definitely is a new trauma. You know, many people are saying this is a white house, this is a president in a white house that really is not the Republican White House is mostly of democrats supporting a deck turned republican president. But when it comes to gary cohn, this president loves to tout the economics of it all and how he has created this great economic atmosphere. But when you have a man with this kind of economic pro es come into the white house from wall street and have a glad yator fight with him over tariffs and sources tell moog me gary cohn feels the u. S. Will lose when it comes to a trade war. And the states that will be hurt will be places like West Virginia and pennsylvania. And if the president is not listening and he understands what happens with free trade, and this president isnt listening, he felt it was time to go. And this is something this president stand on. And this is a president that some have said in the past hes the emperor with the new clothes. Gary cohn was the one who was telling him, look, you are naked. So who is the one to tell him hes naked. Thats the question. Gary cohn last goodman standing by moderates. Hope hicks is gone. Rob porter is gone, who at the least seemed to be some sort of influence in terms of organization and what was happening when at the white house. Now youve got cohn gone. Jared kushner stripped of his top security clearance. Ivanka trump is one of investigation. Who is left to tell the president stop this . Or dont do this . Is there anybody in there with the courage to do it . Well, thats a great question. Of course, the chief of staff john kelly remains in his position. Sometimes its a day by day proposition. So many ups and downs for him. The reality here though, more than moderates, there were republicans in this town, conservatives in this town who thought gary cohn was an adult in the room, for tax reform. I would argue that the tax reform bill, biggest tax reform in three decades would not have happened if not for gary cohn. So he had a lot of republican fans here in washington d. C. In this building on capitol hill as well. So i think it was more the fact that he came from, you know, business experience. He had real world experience. He was top flight talent of any administration. That is the issue here, who will come in and fill the seat. Who will want to come in to the white house here. So the question is for the president , hes going to have to find someone, and, you know, you talk to people someone who wants to come in of this caliber, its difficult i think to find someone. So his words will be a test that ten people want to come in. He doesnt need ten. He needs one and one qualified one might be hard to find. Gloria, that is Crucial Point here. Source close to the president and cohn understanding they are not on the same page for many things. But cohn only good guy left. This is the president today knowing gary cohn wasnt sitting in the chair, said i have ten people for every single job in this white house. Thats not true. Im going to come out and say here, that i think im confident in saying there are not ten excellent a level gary cohn candidates for the gary cohn job period. That is the point. I know for a fact that as the president makes his multiple phone calls and sounded people out, for example, on becoming cheefr chief of staff, there were people who said no who wont go into that. So well see who the president will get to replace gary cohn. Will he take Peter Navarro who is already inside the white house and is derided by the socalled globalists on wall street . What will the president do . Trade. I used to work on cnbc, with Peter Navarro, hes passionate about his view. There was Peter Navarro. He wasnt available. So the other day when we said lets do discussion on trade, Peter Navarro, he works on the white house, no one else to put in there. Gary cohn was arguing. So now its Peter Navarro. And well see who else. And hot president can get or does he promote him. So what you have is is a president effectively home alone here with maybe jared and ivanka for a while and Don Mcgahn WhiteHouse Counsel for a while. But it wont take that long for the president to really see a complete change over there. Which is prettying stunning. April, the president again when hes talking about having ten people for every job, ten best people. Also said the white house has Tremendous Energy. It has tremendous spirit. It is a great place to be working. You are there day in and day out. You talk to the people who work there. April, is that fair . Is that what you see from the staff, Tremendous Energy, and spirit, great place to be working, is that how they feel . Well, the white house, you know, no matter what administration is the white house, and it does have its own energy. But each administration brings another piece of that energy. And there is a lot of concern within the white house. People are trying to help this president. And i think about other administrations and gloria and jeff can sure agree on this, that when you have people who are working on a cause or an issue or a policy, you have different factions. But normally is not a gladiator fight for the entertainment of the president of the United States. Its about working for the good of the people. And so thats one piece right there. Then you have people who are concerned about their credibility when they leave the administration. And also if they counter with the president , will he tweet about them. So the energy, there is an energy, but may not necessarily be the energy that this president is talking about. Right. It may be tremendous, but positive may not be the other adjective. Policy perspective, the reality is the infrastructure that was a discussion, one of the reasons that gary cohn was sticking around, that is not going to happen. Probably wasnt going to anyway. But the reality is no new policy this year, the tax reform bill that he passed last year, thats very much up in the air now in terms of its effect because of the tariffs. This has big policy effects tonight. Well beyond all the drama here. Right. And thats obviously whats so crucial. Thanks very much to all of you. And april talks about a gladiator fight. This is a president who loves that. Next breaking hours, the president himself em boldening Anthony Scaramucci on president and trash president s right hand man, john kelly. 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Breaking news, President Trump em boll dend Anthony Scaramucci to go out and trash his own chief of staff john kelly. This is according to Kaitlan Collins reporting this tonight. Scaramucci of course you may remember criticized kelly in interviews as trump insisted he had faith in his chief of staff. So trump said one thing and then scaramucci was out saying complete opposite. Heres what he said. So its very dishonest to me. Thats about as nasty as you can get. And in interview with Bloomberg Scaramucci said does the president want to lose everybody because of general jackass. You know, i love this newer yeah you are stuck in position chief of staff these. General jackass. That is not the most loving things that you can show your concern. Look, this is terrible. This is terrible. Even if its not true, the idea that someone like scaramucci who is clearly trying to carry water for trump thinks this is okay. If trump thought it was terrible, trump would call him and tell him to stop, trust me. So you are in ha situation where there is worse than romper room stuff. There are middle schools where every one of these kids sent home yet they are running our government. Thats the thing. I suppose i said it somewhat lovingl laughingly. In the white house, forget what kind of horrible example this is for children, issue the president talks about regularly, rob, you know this because you have known him for a long time. L loyalty. Thats all he cares about. Im a loyal person. Im a loyal person. You got to be loyal to people if they do nothing wrong. As the scout laws say, a scout is trustworthy. Loyal. We could use some more loyalty, ill tell you that. I want somebody thats loyal from the beginning, no the somebody thats loyal because they are afraid or because they are this or that. If thats how he really feels, thats not who he is getting now. Well, you know now, the loyalty needs go in one direction. When you go to the the white house, you have to be loyal to the president. So gary cohn resigning today, and i dont know if it was in the works or because he didnt get his hone way, on a policy issue. Remember gosh buseorge bush, i decider in chief, only one chief. But to case gary cohn and leave the white house, that is wrong. I disagree with that. Heres the thing, if you go through the normal process in the white house, set up for a reason, vetted well. So many different ramifications throughout the government, throughout society, throughout the world. If you go through the process and lose, then you should stick it out whchlt the process gets thrown in the garbage can and you are eating your white hes minding your own business and look up on television and the president is announcing a global trade war, it might be time to leave. When would you leave if you dont leave them . You stick through it. With no process . No professional or fair