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Gary Cohn’s potential replacements

Cohn and Trump
News broke of Cohn's resignation on Tuesday evening. Photo: T.J. Kirkpatrick / Bloomberg via Getty Images 

The White House hasn't done any succession planning, but here's who we're hearing as possible replacements for Gary Cohn as President Trump's chief economic adviser.

Four rumored contenders for the position are: Kevin Warsh, former Fed governor and economic official for President George W. Bush; Shahira Knight, Deputy Assistant to the President for Economic Policy, Cohn's top tax official; Peter Navarro, White House trade adviser, who argued for tariffs; and Larry Kudlow, CNBC senior contributor and conservative commentator, who shares Cohn's views on trade.

P.S. Trump at a press conference yesterday, before the Cohn announcement, on finding new talent:

  • "Many, many people want every single job. You know, I read where, 'Oh, gee, maybe people don’t want to work for Trump.' And believe me, everybody wants to work in the White House. They all want a piece of that Oval Office; they want a piece of the West Wing. And not only in terms of it looks great on their résumé; it’s just a great place to work."
  • "So many people want to come in. I have a choice of anybody. I could take any position in the White House, and I’ll have a choice of the 10 top people having to do with that position. Everybody wants to be there."
Haley Britzky 3 hours ago
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DOJ eyeing tool to allow access to encrypted data on smartphones

Deputy Attorney General Rod Rosenstein.
Deputy Attorney General Rod Rosenstein. Photo: Win McNamee / Getty Images

The Justice Department is in "a preliminary stage" of discussions about requiring tech companies building "tools into smartphones and other devices" that would allow law enforcement investigators to access encrypted data, the New York Times reports.

Why it matters: This has been on the FBI's mind since 2010, and last month the White House "circulated a memo...outlining ways to think about solving the problem," officials told the Times. Both FBI Director Christopher Wray, and Deputy Attorney General Rod Rosenstein, support finding ways for law enforcement to access data without compromising devices security.

Haley Britzky 3 hours ago
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Media tycoon Barry Diller talks #MeToo

 IAC & Expedia, Inc. Chairman & Senior Executive Barry Diller
IAC & Expedia, Inc. Chairman & Senior Executive Barry Diller. Photo: Cindy Ord / Getty Images for Yahoo

Barry Diller, chairman of mega-media and Internet company IAC, told the New York Times he thinks "all men are guilty," when it comes to "the spectrum" of the #MeToo movement.

"I hope in the future for some form of reconciliation. Because I think all men are guilty. I’m not talking about rape and pillage. I’m not talking about Harveyesque. I’m talking about all of the spectrum. From an aggressive flirt. Or even just a flirty-flirt that has one sour note in it. Or what I think every man was guilty of, some form of omission in attitude, in his views."

Why it matters: The #MeToo movement has rocked Hollywood and the media industry. Diller told the Times he sees the effects of this "in our companies, where the relationships between people are changing."