Illustration: Sam Jayne / Axios

Steve Bannon has stepped down as executive chairman of Breitbart News. SiriusXM has now also cancelled his radio show, as "the agreement is with Breitbart."

The big picture: Trump got his scalp. He forced everyone inside and close to the White House to make a binary choice: “it’s me or Steve.” For everyone, including some of Bannon’s close allies, it was an easy choice. Almost everyone abandoned Bannon.

Between the lines:

  • This was the Mercers forcing his hand. It wasn’t just Bannon’s quotes to Wolff but how he mishandled the fallout. He took five days to issue a weak apology, which fell flat.
  • Right up until today Steve was telling associates everything was going to be fine (but he always does that when he’s under the gun.) But his associates knew this was coming. The Mercers had turned against him months ago. 
  • Per source close to the White House: “God, I can’t believe the whole movement just collapsed on this guy. He’s done.”
  • Per a former WH ally of Bannon’s: “I’ve gone from being sympathetic to Steve to believing he’s a genuinely bad guy, totally duplicitous. It’s a shame. He has a lot of talent. But his self-destructive streak is unlike anything I’ve ever seen.”

Go deeper:

From Breitbart's statement:

  • Bannon said, “I’m proud of what the Breitbart team has accomplished in so short a period of time in building out a world-class news platform.”
  • According to Breitbart CEO Larry Solov, “Steve is a valued part of our legacy, and we will always be grateful for his contributions, and what he has helped us to accomplish.”

Go deeper

Dion Rabouin, author of Markets
13 mins ago - Economy & Business

Coronavirus surge is sinking consumer confidence

Data: Hamilton Place Strategies, CivicScience; Chart: Axios Visuals

The rise in coronavirus cases in certain parts of the U.S. is stunting confidence across the country, a crop of new reports show.

Driving the news: After stalling during the previous two-week period, overall economic sentiment declined for the first time in two months, according to the Economic Sentiment Index, a biweekly survey from data firm CivicScience and Hamilton Place Strategies (HPS).

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage."
  2. Health: Mask mandates help control the rise in coronavirus hospitalizations. Hospitals face a crush.
  3. Business: Coronavirus testing is a windfall. Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. World: Putin mandates face masks.

The GOP's monstrous math problem

Illustration: Sarah Grillo/Axios

Republicans, win or lose next week, face a big — and growing — math problem.

The state of play: They're relying almost exclusively on a shrinking demographic (white men), living in shrinking areas (small, rural towns), creating a reliance on people with shrinking incomes (white workers without college degrees) to survive.

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