Jan 7, 2018

Exclusive: Bannon apologizes

Bannon. Photo: Joe Raedle/Getty Images

Battered by the backlash from Michael Wolff's book, Steve Bannon is trying to make amends with the Trump family, providing a statement to Axios that expresses "regret" to President Trump and praises his son, Donald Trump Jr.

  • "Donald Trump, Jr. is both a patriot and a good man. He has been relentless in his advocacy for his father and the agenda that has helped turn our country around."
  • "My support is also unwavering for the president and his agenda — as I have shown daily in my national radio broadcasts, on the pages of Breitbart News and in speeches and appearances from Tokyo and Hong Kong to Arizona and Alabama."
  • "President Trump was the only candidate that could have taken on and defeated the Clinton apparatus. I am the only person to date to conduct a global effort to preach the message of Trump and Trumpism; and remain ready to stand in the breach for this president's efforts to make America great again."
  • "My comments about the meeting with Russian nationals came from my life experiences as a Naval officer stationed aboard a destroyer whose main mission was to hunt Soviet submarines to my time at the Pentagon during the Reagan years when our focus was the defeat of 'the evil empire' and to making films about Reagan's war against the Soviets and Hillary Clinton's involvement in selling uranium to them."
  • "My comments were aimed at Paul Manafort, a seasoned campaign professional with experience and knowledge of how the Russians operate. He should have known they are duplicitous, cunning and not our friends. To reiterate, those comments were not aimed at Don Jr."
  • "Everything I have to say about the ridiculous nature of the Russian 'collusion' investigation I said on my 60 Minutes interview. There was no collusion and the investigation is a witch hunt."
  • "I regret that my delay in responding to the inaccurate reporting regarding Don Jr has diverted attention from the president's historical accomplishments in the first year of his presidency."

The backstory ... In Wolff's book, Bannon is quoted as saying of Mueller's prosecutors: "They’re going to crack Don Junior like an egg on national TV.'"

Be smart: While Bannon's statement may seem like a baby step, he's as stubborn as Trump when it comes to apologizing and admitting he has made a mistake. He views any concession as a sign of humiliating weakness.

What's next: Look for Don Jr. to accept the statement graciously. But Bannon has further to go with President Trump: Axios has learned that POTUS has said that he wants surrogates who appear for him on TV to "bury Steve."

  • Axios' Jonathan Swan reported last night: Trump has been working the phones over the past several days, telling allies they need to choose between him and Bannon.

P.S. "Fake book" ... Trump tweets as he leaves Camp David: "I’ve had to put up with the Fake News from the first day I announced that I would be running for President. Now I have to put up with a Fake Book, written by a totally discredited author."

  • "Ronald Reagan had the same problem and handled it well. So will I!"

Get more stories like this by signing up for our daily morning newsletter, Axios AM.

Go deeper

The race to catch Nike's Vaporfly shoe before the 2020 Olympics

Illustration: Aïda Amer/Axios

Four months ago, on the very same weekend, Eliud Kipchoge became the first human to run a marathon in under two hours, and fellow Kenyan Brigid Kosgei shattered the women's marathon record.

Why it matters: Kipchoge and Kosgei were both wearing Nike's controversial Vaporfly sneakers, which many believed would be banned because of the performance boost provided by a carbon-fiber plate in the midsole that acted as a spring and saved the runner energy.

Go deeperArrow41 mins ago - Sports

Reassessing the global impact of the coronavirus

Illustration: Aïda Amer/Axios

Economists are rethinking projections about the broader economic consequences of the coronavirus outbreak after a surge of diagnoses and deaths outside Asia and an announcement from a top CDC official that Americans should be prepared for the virus to spread here.

What's happening: The coronavirus quickly went from an also-ran concern to the most talked-about issue at the National Association for Business Economics policy conference in Washington, D.C.

Tech can't remember what to do in a down market

Illustration: Rebecca Zisser/Axios

Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.

The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.