Secretary of State Rex Tillerson is out. He'll be replaced by CIA Director and former Congressman Mike Pompeo. This is according to a tweet by President Trump.

Tillerson was CEO of Exxon Mobil before joining the White House and has reportedly disagreed with the President on a host of issues.

At the CIA, Pompeo will be replaced by Deputy Director Gina Haspel - the first woman ever to lead the CIA.

The White House has been a revolving door throughout the Trump's presidency. Just last week National Economic Council Director Gary Cohn, a former Goldman Sachs (GS) executive, stepped down reportedly amid disagreements with the President over trade tariffs.

Now watch former U.S. Labor Secretary Robert Reich discuss the dangers of tariffs: 

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