 Sean Spicer has resigned from his position as White House press secretary according to a report from the New York Times on Friday. The Times also reports that former hedge fund manager Anthony Scaramucci is expected to be tapped as White House communications director. The White House has not made an official announcement yet and has not responded to the street's request for comment. Meanwhile, Axios is reporting that White House chief strategist Steve Bannon was not in favor of the Scaramucci decision. Scaramucci spoke at an event held by the street back in March where he praised Bannon. Take a listen. Steve Bannon is one of the smartest people that I know. He's read every book in the Barnes and Noble twice. I think some of the president's best speeches, I can hear Bannon in the speeches. He has almost a clairvoyant understanding of the divide. And I think he also has a lot of common sense about his personality where he wants to come up with the right policies to narrow that divide. All right, stay with The Street for more breaking news.