FIRST AIRED: September 8, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>> That infrastructure's really important->> A newly fraying relationship between US president, Donald Trump and top White House economic advisor Gary Cohn, raising questions about how long Cohn will stay in his job. Sources telling Reuters Cohn planned to remain director of the National Economic Council for at least a year.
00:00:18
But concern is said to be growing among his allies that he may be pressured to leave. The sentiment stemming from a recent report in the Wall Street Journal confirmed by Reuters, that said Cohn was unlikely to be nominated by Trump as a potential successor to Federal Reserve chair, Janet Yellen.
00:00:35
But a source telling Reuters the calculus has shifted for Gary, he's gone from untouchable to possibly being bounced out. Cohn criticized Trump last month in a financial times interview for saying both sides were to blame for violence at a white nationalist rally in Charlottesville Virginia, where one woman was killed.
00:00:55
Cohn told the newspaper the administration quote, must do better in condemning Neo-Nazi and white supremacists. The Wall Street veteran is seen by many as a key driver of the president's ability to deliver on his economic agenda, particularly tax reform. One Yale University management expert going so far to say Cohn's departure could crash the markets.
00:01:16
Still a White House official told Reuters Cohn is focused on his job, with Cohn himself saying last week, he and the President are working well together.