Update 6:

According to media reports, the Senate Foreign Relations Committee is expected to begin confirmation proceedings for Mike Pompeo in April, according to a statement from committee chairman Bob Corker. Pompeo is currently the Director of the CIA. He was confirmed to that position in January 2017 with a vote of 66 to 32.

Meanwhile, Bob Corker, the chairman of the Senate Foreign Relations Committee, said he hasn't had a chance to talk to Rex Tillerson today. He said he last spoke to the former Secretary of State last week, when the two discussed North Korea.

"We've tried to reach Tillerson," Corker said. "I haven't had a chance to talk with him."

Corker added that he has enjoyed working with Tillerson and has heard "good things" about Mike Pompeo, Trump's pick to replace Tillerson.

* * *

Update 5:

In an amusing interlude, President Trump was asked if he fired Rex Tillerson because the former Secretary of State called him a "moron" last summer. Trump refused to answer, as the following exchange reveals:

Reporter: Did you fire him because he called you a moron?

Trump: What?

Reporter: Did you fire him because he called you a moron?

Trump: Say it again.

At that point Trump pivoted to Mike Pompeo.

Trump was asked if he fired Rex Tillerson because he called him a "moron." He didn't answer. https://t.co/8NCf07VVwy — Meg Wagner (@megwagner) March 13, 2018

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Update 4:

Some more details on how Tillerson learned he was fired: A senior White House official has told CNN that President Trump asked Chief of Staff John Kelley to call Rex Tillerson on Friday night.

The official said Kelly told Tillerson that he will be replaced but did not specify the timing. It was Trump’s decision to pull the trigger Tuesday morning, which underscored their fraught relations. "This is how the President wanted to do it," the official said — a reflection of how the man who became famous saying "you’re fired" actually rarely does it in person.

Steve Goldstein, State Department undersecretary of public affairs, confirmed that Tillerson got a call on Friday night from Kelly with a heads up, but Goldstein did not elaborate. Goldstein insists that Tillerson was notified of the official termination in the tweet this morning.

* * *

Update 3:

President Trump tells reporters that he and Tillerson disagreed on Iran, that he made the North Korea decision himself and thinks Tillerson will be "much happier now." Trump said "I wish Rex Tillerson well… I very much appreciate his commitment and his service and I wish him well. He’s a good man… We got along actually quite well but we disagreed on things.

President Trump: “I wish Rex Tillerson well… I very much appreciate his commitment and his service and I wish him well. He’s a good man… We got along actually quite well but we disagreed on things.” https://t.co/TYsY77tQUx pic.twitter.com/S1AH8OhWBy — CNN (@CNN) March 13, 2018

* * *

Trump also said he and the man he's nominating to replace Rex Tillerson think the same way.

CIA Director Mike Pompeo has "tremendous energy, tremendous intellect," Trump said. "We're always on the same wavelength."

"I am really at a point where we are getting close to having the cabinet and other things that I want," Trump said.

Trump told reporters moments ago that he and Tillerson "got along," but they disagreed on key issues, like the Iran nuclear deal.

President Trump commends Mike Pompeo, his choice to succeed Rex Tillerson as secretary of state: "Tremendous energy, tremendous intellect, we're always on the same wavelength" https://t.co/KYhHiS6C7A pic.twitter.com/8yL2LDVQ3H — CNN (@CNN) March 13, 2018

* * *

Meanwhile, according to Steve Goldstein, undersecretary for public diplomacy, said Rex Tillerson wanted to stay. "The Secretary had every intention of staying, because of critical progress made in national security," Goldstein said. "He will miss his colleagues at the Department of State and the foreign ministers that he’s worked with throughout the world."

The official added that Tillerson didn't get to speak with President Trump and doesn't know why. "The Secretary did not speak to the President and is unaware of the reason," he said. "He is grateful for the opportunity to serve and believes public service is a noble calling. He wishes secretary-designate Pompeo well."

* * *

Update 2:

Confirming the WaPo's reporting, a senior administration official told CNN that President Trump asked Tillerson to step aside on Friday. “POTUS thought it was the right time for the transition with the upcoming North Korea talks and various trade negotiations. POTUS asked Tillerson to step aside on Friday."

CNN also notes that president Trump has wanted Mike Pompeo as his secretary of state for months now, and the White House began planning for him to take this job last fall.

Trump’s anger at Tillerson after it leaked that he called him “a moron” never subsided, and many in the White House saw their differences as irreconcilable.

Tillerson had few, if any, allies left in the West Wing. Though Chief of Staff John Kelly was initially on his side when he took over, he eventually grew weary of defending him — especially after the “moron” remark, which Kelly saw as insubordination on Tillerson’s part.

Ultimately, according to sources close to the President "it was clear Tillerson didn’t support Trump." They say Tillerson wanted to handle foreign policy his own way, without the President. Trump didn’t feel that Tillerson backed him, source says.

* * *

Update 1:

Mike Pompeo has issued the following brief statement sent to the press, saying he was "grateful" to have worked for the CIA.

"I am deeply grateful to President Trump for permitting me to serve as Director of the Central Intelligence Agency and for this opportunity to serve as Secretary of State. His leadership has made America safer and I look forward to representing him and the American people to the rest of the world to further America’s prosperity. Serving alongside the great men and women of the CIA, the most dedicated and talented public servants I have encountered, has been one of the great honors of my life. I am proud of the work we have done on behalf of America and know that the Agency will continue to thrive under the leadership of Gina Haspel. If confirmed, I look forward to guiding the world’s finest diplomatic corps in formulating and executing the President’s foreign policy. In my time as Director of the Central Intelligence Agency, I have worked alongside many remarkable Foreign Service officers and Department of State leaders serving here in the United States and on the very edge of freedom. I know I will learn from them and, as President Trump set out in his State of the Union Address, work hard to ensure that 'our nation will forever be safe and strong and proud and mighty and free.'"

* * *

Earlier:

Back in December we asked "Will CIA Director Mike Pompeo Replace Rex Tillerson As Secretary Of State?" The answer, as of moments ago, is yes. Moments ago, the WaPo first reported, and then President Trump tweeted, that he has ousted Secretary of State Rex Tillerson and replaced him with CIA Director Mike Pompeo, launching a major change to his national security team amid delicate negotiations with North Korea.

Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a fantastic job! Thank you to Rex Tillerson for his service! Gina Haspel will become the new Director of the CIA, and the first woman so chosen. Congratulations to all! — Donald J. Trump (@realDonaldTrump) March 13, 2018

Tillerson had learned his fate last Friday, according to the Washington Post, when Trump asked Tillerson to step aside, causing the embattled top diplomat cut short his trip to Africa on Monday to return to Washington, using illness as an alibi.

Mike Pompeo will replace the former Exxon CEO at the State Department, while Gina Hapsel — the deputy director at the CIA — will Pompeo at the CIA, becoming the first woman to run the spy agency, if confirmed.

According to WaPo, the president — who has long clashed will Tillerson, who he believes is “too establishment” in his thinking — felt it was important to make the change now, as he prepares for talks with North Korean leader Kim Jong Un, as well as upcoming trade negotiations, three White House officials said.

Furthermore, it is worth noting that the Tillerson's announcement comes just hours after the now former Secretary of State said that Russia is "clearly" behind the Skripal poisoning which "will trigger a response", something he said when he already knew he was on the way out, prompting some to ask if this was an outburst meant to provoke Trump: after all Tillerson had nothing to lose at this point.

In a statement issued to The Washington Post, Trump praised both Pompeo and Haspel.

“I am proud to nominate the Director of the Central Intelligence Agency, Mike Pompeo, to be our new Secretary of State,” Trump said. “Mike graduated first in his class at West Point, served with distinction in the U.S. Army, and graduated with Honors from Harvard Law School. He went on to serve in the U.S. House of Representatives with a proven record of working across the aisle.”

The president continued, “Gina Haspel, the Deputy Director of the CIA, will be nominated to replace Director Pompeo and she will be the CIA’s first-ever female director, a historic milestone. Mike and Gina have worked together for more than a year, and have developed a great mutual respect.”

Trump also had words of praise for Tillerson: “Finally, I want to thank Rex Tillerson for his service. A great deal has been accomplished over the last fourteen months, and I wish him and his family well.”

“I am deeply grateful to President Trump for permitting me to serve as Director of the Central Intelligence Agency and for this opportunity to serve as Secretary of State,” Pompeo said in a statement. “His leadership has made America safer and I look forward to representing him and the American people to the rest of the world to further America’s prosperity. Serving alongside the great men and women of the CIA, the most dedicated and talented public servants I have encountered, has been one of the great honors of my life.”

Haspel in a statement also said she was excited for her promotion.

“After 30 years as an officer of the Central Intelligence Agency, it has been my honor to serve as its Deputy Director alongside Mike Pompeo for the past year,” she said. “I am grateful to President Trump for the opportunity, and humbled by his confidence in me, to be nominated to be the next Director of the Central Intelligence Agency.”

Finally, if it is Trump's intention to keep crushing the dollar with every incremental announcement, he is succeeding.