White House staffers on edge as Trump eyes another shake-up
WASHINGTON — President Donald Trump is tired of being told “no.”
Six weeks of staff churn and pronouncement shocks reflect a president who has grown increasingly confident on the job and more trusting of his instincts. After 14 months in the Oval Office, Trump is more comfortable bucking the advice of White House staffers and congressional Republicans, and that is increasingly putting even his allies on edge.
Trump may have an even more dramatic shake-up in mind for his administration.
The president has floated to outside advisers a plan to do away with the traditional West Wing power structure, including the formal chief of staff role, to create the more free-wheeling atmosphere he relished while running his business and later his presidential campaign at Trump Tower.
The sense of apprehension is palpable in the West Wing, where tempers are running short and uneasy aides discuss their future employment prospects behind closed doors, according to six White House officials and several outside advisers. They all spoke on the condition of anonymity to describe the internal dynamics.
Stocks tumble on trade fears; S&P has worst week in 2 years
NEW YORK — Stocks around the world plunged Friday as investors feared that a trade conflict between the U.S. and China, the biggest economies in the world, would escalate. A second day of big losses pushed U.S. stocks to their worst week in two years.
Investors fear that if China responds in kind to sanctions on $60 billion worth of Chinese imports the White House announced on Thursday, it will be a first step toward a full-blown trade war that could damage the global economy and slash profits at big U.S. exporters like Apple and Boeing.
The market’s two biggest sectors slumped the most. Technology stocks have made enormous gains over the past year, but since they do so much business outside the U.S., investors see them as particularly vulnerable in a trade dispute. The sector dropped 7.9 percent this week.
Banks also fell sharply. Amid the trade-war rumblings, investors fled to the safety of bonds and drove down yields, a potential negative for bank profits. That marked a reversal from earlier in the week, when banks rose as the Federal Reserve raised interest rates.
It wound up being the worst week for U.S. indexes since January 2016. The S&P 500 index sank 6 percent. Among notable decliners was Facebook, which lost 13.9 percent, or $68 billion in value, as outrage mounted over its handling of user data. That’s about as much as the company was worth in in 2012, the year of its initial public offering.
Extremist slain, 3 dead after rampage in southern France
TREBES, France — A gun-wielding extremist went on a rampage Friday in a quiet corner of southern France, killing three people as he hijacked a car, opened fire on police and took hostages in a supermarket, where panicked shoppers hid in a meat locker or ran through the aisles.
After an hours-long standoff, the 25-year-old attacker was slain as elite police forces stormed the market. They were aided by a heroic police officer who had offered himself up in a hostage swap and suffered life-threatening wounds as a result — one of 16 people injured in the day’s violence.
The Islamic State group claimed responsibility for the attack near Carcassonne, a medieval city beloved by tourists, and the town of Trebes. It was the deadliest attack in France since Emmanuel Macron became president last May.
By wire sources
