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WATCH: New York Stock Exchange traders erupt in cheers over news that Bannon is out

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Traders on the floor of the New York Stock Exchange (NYSE) erupted into cheers when they heard the news that President Donald Trump’s White House has parted ways with chief White House political strategist Stephen K. Bannon.

CNBC broke the news live and microphones captured the sound of elated cheers.

On Thursday, news that senior White House adviser Gary Cohn might resign over Trump’s mishandling of the administration’s response to the violence in Charlottesville, VA sent shockwaves through the market. Cohn and Bannon were known to be at odds over economic policy.

The nationalist faction in Trump’s White House holds a much more isolationist economic policy than the so-called “globalist” group, headed by Cohn.

Watch the video, embedded below:

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She ‘has some legal exposure’: Here is why Hope Hicks ‘may want to invoke the 5th Amendment’ in talks with Congress

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The Trump White House is claiming that former White House Communications Director Hope Hicks is under no obligation to cooperate with House Democrats in their probe of former Special Counsel Robert Mueller’s Russia investigation and that she enjoys “absolute immunity.” But attorney Julian Epstein, former Democratic chief counsel for the House Judiciary Committee, stressed during an appearance on CNN on Wednesday that there is no such thing as “absolute immunity” where Hicks is concerned — and that Hicks, having likely waved executive privilege, might want to invoke the U.S. Constitution’s 5th Amendment to protect herself.

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Fox News host’s insane anti-LGBT screed: Activists are trying to make kids transgender by ‘eliminating gays’

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Fox News host Greg Gutfeld went on a lengthy deep-dive into what he claims are the motivations of LGBT activists, falsely accusing them of trying to increase the number of transgender children by "eliminating gays."

There is exactly zero truth to Gutfeld's claims, which he made on Fox News' "The Five" on Monday, as Media Maters reports.

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Hope Hicks denied under oath knowing about Trump’s hush-money payments to Stormy Daniels

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Former White House communications director Hope Hicks on Wednesday denied under oath knowing anything about the hush-money scheme set up by former Trump "fixer" Michael Cohen to pay off President Donald Trump's former mistresses.

"Hicks told lawmakers today that she did not have knowledge during 2016 campaign of hush-money payments made in run-up to election," reports CNN's Manu Raju. "Also she wouldn’t discuss what she learned about those payments during her time at White House because of immunity claims."

Hicks told lawmakers today that she did not have knowledge during 2016 campaign of hush-money payments made in run-up to election, per sources. Also she wouldn’t discuss what she learned about those payments during her time at WH bc of immunity claims https://t.co/GZWqzCzpGX

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