On Tuesday night, while Gary Cohn was fuming about President Trump's latest comments, Steve Bannon was excitedly telling friends and associates that the "globalists" were in mass freakout mode.
- Today, Bannon reveled in the disbanding of the president's business council, seeing this as yet more evidence that the Trump administration is at odds with the "Davos crowd," as Bannon often calls these corporate elites, in a voice dripping with contempt.
- Bannon saw Trump's now-infamous Tuesday afternoon press conference not as the lowest point in his presidency, but as a "defining moment," where Trump decided to fully abandon the "globalists" and side with "his people."
- Per a source with knowledge: "Steve was proud of how [Trump] stood up to the braying mob of reporters" in the Tuesday press conference.
This account of Bannon's thinking has come from conversations with his friends and associates who've been in touch with him since the racist carnage in Charlottesville.