Update, 8/18/17, 2:30PM: The White House has released a statement confirming that today is Bannon’s last day in the White House:

WH statement on Bannon pic.twitter.com/B4MkozbS2Y — Ben Jacobs (@Bencjacobs) August 18, 2017

The New York Times is reporting that President Trump has decided to fire Steve Bannon:

President Trump has told senior aides that he has decided to remove Stephen K. Bannon, the embattled White House chief strategist who helped Mr. Trump win the 2016 election, according to two administration officials briefed on the discussion. The president and senior White House officials were debating when and how to dismiss Mr. Bannon. The two administration officials cautioned that Mr. Trump is known to be averse to confrontation within his inner circle, and could decide to keep on Mr. Bannon for some time. As of Friday morning, the two men were still discussing Mr. Bannon’s future, the officials said. A person close to Mr. Bannon insisted the parting of ways was his idea, and that he had submitted his resignation to the president on Aug. 7, to be announced at the start of this week, but it was delayed in the wake of the racial unrest in Charlottesville, Va.

Still no official word on this from the White House but Drudge Report is also saying he’s out: