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Read previewThe accounting firm that was first hired to audit former President Donald Trump's social media company quit just months after it was appointed, the Financial Times reported on Monday. WithumSmith+Brown was appointed to vet Trump Media & Technology Group's financials soon after it was founded in early 2021. In January 2022, Trump Media instead turned to a smaller accounting firm to conduct the audit, BF Borgers, which has less than stellar record with regulators. The company's shares initially skyrocketed when it went public in March, only for prices to plunge just a week later. That isn't great for Trump, whose net worth is tied to his holdings in Trump Media.
Persons: , Donald Trump's, WithumSmith, Brown, Trump Media & Technology Group's financials, Trump, Borgers, BF Borgers, Forbes, Jean Carroll, Stormy Daniels Organizations: Service, Financial Times, Trump Media & Technology, Business, Trump Media, Public Company, BF Borgers, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media's, Prosecutors, WithumSmith, Trump Media & Technology Group, Business Insider Locations: freefall, Manhattan
Jury selection continues Tuesday in Donald Trump's Manhattan hush-money trial. Trump gave reporters a preview of his potential defense before he entered the courtroom. Meanwhile, jury selection continued for a second day on Tuesday. AdvertisementNo jurors were selected during four hours of jury selection on Monday, a day that began with a half-day of arguments over pretrial motions. He has appeared to struggle to stay awake during the sometimes tedious jury selection process.
Persons: Donald Trump's Manhattan, Trump, , Stormy Daniels, Defendant, Michael Cohen, Juan Merchan, District Attorney Alvin Bragg, Donald Trump Organizations: Service, Trump Organization, Trump, District Attorney Locations: Donald, Manhattan
At its height, Donald Trump's stake in Trump Media was worth a staggering $5.11 billion. As of Tuesday, the former president's shares have lost roughly $3.33 billion in value. AdvertisementAs Trump Media & Technology's stock has tumbled, so has Donald Trump's wealth. That meant the former president, who owns a roughly 57% stake in the media startup, had shares worth a whopping $5.11 billion. On Tuesday, Trump Media closed with a market capitalization of about $3.12 billion — a 65% drop from its peak.
Persons: Donald Trump's, , Trump, Trump's, Stormy Daniels — Organizations: Trump Media, Trump, Service, Truth
Read previewThe accounting firm that was first hired to audit former President Donald Trump's social media company quit just months after it was appointed, the Financial Times reported on Monday. WithumSmith+Brown was appointed to vet Trump Media & Technology Group's financials soon after it was founded in early 2021. In January 2022, Trump Media instead turned to a smaller accounting firm to conduct the audit, BF Borgers, which has less than stellar record with regulators. The company's shares initially skyrocketed when it went public in March, only for prices to plunge just a week later. That isn't great for Trump, whose net worth is tied to his holdings in Trump Media.
Persons: , Donald Trump's, WithumSmith, Brown, Trump Media & Technology Group's financials, Trump, Borgers, BF Borgers, Forbes, Jean Carroll, Stormy Daniels Organizations: Service, Financial Times, Trump Media & Technology, Business, Trump Media, Public Company, BF Borgers, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media's, Prosecutors, WithumSmith, Trump Media & Technology Group, Business Insider Locations: freefall, Manhattan
Jon Stewart couldn't help roasting Donald Trump over reports of him falling asleep in court. Stewart was referencing The New York Times' Maggie Haberman, who said Trump nodded off "a few times" in court. "He's snoring. Advertisement"The Daily Show" host Jon Stewart says he's amused that former President Donald Trump might have dozed off on the opening day of his first criminal trial. "Imagine committing so many crimes, you get bored at your own trial," Stewart said of Trump on Monday night's episode.
Persons: Jon Stewart couldn't, Donald Trump, Stewart, Maggie Haberman, Trump, He's, , Jon Stewart, he's, Stormy Daniels Organizations: New York Times, Service, Trump, The New
I will not tolerate that," New York Supreme Court Justice Juan Merchan told Trump's lawyer, Todd Blanche, raising his voice. The warning came Tuesday afternoon, shortly after the questioning of a prospective juror over what Blanche called her "hostile" social media posts. AdvertisementBlanche suggested that the prospective juror had earlier Tuesday portrayed herself as able to be impartial. Jurors handed Trump a loss in that case, ordering him to pay Carroll more than $80 million in damages. Merchan has been keenly aware of the courtroom dynamics while interviewing prospective jurors, a process that is expected to last about two weeks.
Persons: , Donald, Juan Merchan, Todd Blanche, Blanche, Joe Biden's, Merchan, Trump, gabbing, Jean Carroll's, Carroll, Lewis Kaplan, Stormy Daniels Organizations: Service, Business, Facebook, Trump Locations: New York City
Trump has griped that his ongoing criminal hush-money trial — for 34 counts of falsifying business documents — is impairing his campaign to recapture the presidency. He has scheduled events across the country on Wednesdays, the one day each week the trial is not scheduled to take place. According to The Washington Post, Trump's legal team has decided not to stipulate to anything and to fight over everything. (Daniels and Trump were photographed together in 2006, and Daniels attended a Trump vodka event the following year.) This can be "frustrating" for the court in a practical sense, Bederow said, but Trump "has a right to do it."
Persons: , Donald Trump, Trump, didn't, Barron's, Mark Bederow, Stormy Daniels, Michael Cohen, Daniels, Cohen, Stephanie Clifford, Bederow, That's Organizations: Service, Business, Trump, Trump's, The Washington Post, Republican, District Locations: Manhattan, Pennsylvania, Florida, North Carolina , Georgia
I will not tolerate that," New York Supreme Court Justice Juan Merchan told Trump's lead lawyer, Todd Blanche, raising his voice. The warning came Tuesday afternoon, shortly after the questioning of a prospective juror over what Blanche called her "hostile" social-media posts. AdvertisementBlanche suggested the prospective juror had earlier on Tuesday portrayed herself as able to be impartial. Jurors handed Trump a loss in that case, ordering him to pay Carroll more than $80 million in damages. AdvertisementMerchan has been keenly aware of the courtroom dynamics while interviewing prospective jurors, a process that's expected to last about two weeks.
Persons: , Donald, Juan Merchan, Trump's, Todd Blanche, Blanche, Joe Biden's, Merchan, Trump, gabbing, Jean Carroll's, Carroll, Lewis Kaplan, Stormy Daniels Organizations: Service, Business, Facebook, day's, Trump Locations: New York City
We should call it an “election interference” trial going forward. Assistant District Attorney Joshua Steinglass skillfully advanced the election interference theory by structuring his evidentiary points in chronological order within that frame. Trump’s alleged 2020 attempt to overthrow our government distorts perceptions of how serious the charges related to the 2016 election are. How can we call this an election interference trial, they ask, if the election was already over when the 34 alleged document falsification crimes occurred? It is an election interference one and we should say so.
Persons: Norman Eisen, , Donald Trump, Juan Merchan, Trump, Stormy Daniels, Joshua Steinglass, Steinglass, Michael Cohen, David Pecker, Daniels, Cohen, Attorney Alvin Bragg, Jack Smith, Fani Willis, Trump’s, Bragg Organizations: CNN, Trump, , American Media, National Enquirer, DA, Attorney, Fulton, Twitter Locations: Georgia, Fulton County, Manhattan
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street's head of investment strategy in EMEA said Tuesday. "The traditional transmission policy mechanism has broken, or doesn't work as well," Kassam told "Squawk Box Europe." As such, the impact of, for example, sustained higher interest rates may not be felt until further down the line when they come to refinance. "For now, consumers and corporates aren't feeling the pinch of higher interest rates," he added.
Persons: Jerome Powell, Altaf Kassam, Kassam Organizations: Federal, Committee, Federal Reserve, CNBC, Fed Locations: Washington , U.S, U.S
First, the conventions of the criminal trial – like those in thousands of courtrooms every day – mean this case will grind on relentlessly. In previous civil trials, Trump challenged the dignity of the rule of the court and feuded with other judges. But potential jurors appeared to take their obligation deeply seriously. But other potential jurors said they’d be able to put any political feelings about Trump to one side and focus on the evidence and the law. And in another revealing trend that hinted at the ex-president’s political appeal, some potential jurors mentioned that they viewed his rhetorical eruptions as those of someone who speaks his mind, unlike conventional politicians.
Persons: Donald Trump, , Biden, Trump, Juan Merchan, — Trump, Attorney Alvin Bragg, Joe Biden, , Alvin, ” Trump, Stormy Daniels, Daniels, Andrzej Duda, don’t, Duda, Mimi Rocah, CNN’s Erin Burnett, “ You’re, Merchan, he’s, won’t, Barron’s, they’d, Robert Hirschhorn, CNN’s Burnett, Christine Cornell, John Gotti, Bernie Madoff Organizations: CNN, White House, , Manhattan, Attorney, New York, Trump, US, Office, Southern, of, Boeing, Republican Locations: Manhattan, bodega, Pennsylvania, Trump, of New York, New York
Now, the Supreme Court will consider whether the prosecutors’ interpretation of the law can be used against the rioters and whether the convictions already secured will stick. The charge at issue in the Supreme Court case stems from a law Congress enacted in response to a series of corporate accounting scandals, including the 2001 Enron debacle. The case before the Supreme Court involves only that last charge. All three defendants appealed to the Supreme Court, but the justices granted only Fischer’s case. In a filing last week at the Supreme Court in Trump’s immunity case, Smith argued the obstruction charge should stick against Trump even if Fischer wins.
Persons: Donald Trump, Jack Smith, Trump, , Claire Finkelstein, ” Trump, Fischer, Stormy Daniels, , Joe Biden’s, Critics, Joseph Fischer, texted, ” Fischer, Nicholas Smith, Smith, Randall Eliason, Clarence Thomas, Ginni Thomas, Thomas, Ruth Bader Ginsburg, Samuel Alito, Eliason, Antonin Scalia, ” Eliason Organizations: CNN, Capitol, ” Prosecutors, Trump, Justice Department, University of Pennsylvania Carey Law School, Enron, Prosecutors, Appeals, DC Circuit, George Washington University, White Locations: Pennsylvania, New York, , Colorado
Merchan didn't hit Blanche as hard as a federal judge in Manhattan has hit Trump lawyer Alina Habba for her lawyering. During the E. Jean Carroll defamation trial in January, Judge Lewis Kaplan bench-slapped Habba 14 times during a single day of testimony. "Please direct me to the portion of the original gag order, or the subsequent gag order, where it makes any exception if Mr. Trump feels he is under attack. The judge told Blanche to file a response, in writing, explaining why Trump should not be held in contempt for violating the gag order. The judge paused, then added, with some sarcasm, "I don't recall inserting that anywhere in either gag order."
Persons: , Juan Merchan, Donald Trump's, — Trump's, Todd Blanche, Merchan didn't, Blanche, Alina Habba, Jean Carroll, Lewis Kaplan, Joshua Steinglass, blanch, I've, Merchan, Blanche's, Trump, Donald Trump, Susan Necheles, Timothy A, Clary, — Michael Cohen, Stormy Daniels, Daniels, Cohen, Chris Conroy, Conroy, Trump's, snarked, — Merchan, meekly, Emil Bove, Jabin, — Blanche, Jack Smith, didn't, Steinglass, incredulously Organizations: Service, Business, Reuters, Former U.S, Manhattan Criminal, Justice Locations: New, Manhattan, Trump's, balking, New York City, New York, New York County
Donald Trump appears to be struggling to stay awake at his criminal trial. For the 2nd day, he's repeatedly closed his eyes for minutes at a time before jolting to attention. In Manhattan's criminal trial court, reporters aren't seated close enough to Donald Trump to hear if he's snoring. On Tuesday morning, Trump closed his eyes for more than a minute at a time on at least a half-dozen occasions. AdvertisementIf Trump finds criminal court proceedings a good time to nap, he will likely have more opportunities to catch some Zs in the near future.
Persons: Donald Trump, he's, , recedes, aren't, Stormy Daniels, Trump, Todd Blanche, Maggie Haberman Organizations: Service, Prosecutors, New York Times, CNN, Trump, Mar Locations: Manhattan, Georgia, Washington, Florida
Donald Trump is in court for his first criminal trial. He stepped into Manhattan criminal court Monday morning, where jury selection will soon begin. It is the location of the first-ever criminal trial of a former US president. AdvertisementIn the hallway before walking into the courtroom, Trump criticized the case, telling journalists it was a "political persecution." Trump has been charged in three other criminal cases, none of which have firm trial dates yet.
Persons: Donald Trump, , Trump, Todd Blanche, Juan Merchan, Stormy Daniels, Daniels, there's, Joe Biden, Merchan, Manhattan DA Alvin Bragg, Jean Carroll, Lewis Kaplan, Jack Smith, Fani Willis Organizations: Service, Manhattan, Republican, Manhattan DA, US, New, Trump Organization, Justice Locations: Manhattan, York County, America, Merchan, New York, Mar, Fulton County, Georgia
CNN —On Monday, jury selection for the first-ever criminal trial of a former US president begins in Manhattan. The process may take longer than the usual jury selection and the pool of persons questioned will be larger. There is something to be said for Trump’s claim that he faces an uphill battle in jury selection. True, another New York jury found Trump liable of defaming and sexually abusing E. Jean Carroll in 2023 and again this year. There is a famous quip of unknown origin that goes: “In England, the trial starts when jury selection is over.
Persons: Jeffrey Abramson, , Donald Trump, Austin Trump, Michael Cohen, Stephanie Clifford, Stormy Daniels, Trump, Trump’s, Juan Merchan, Merchan, , “ Get, Alvin Bragg, Daniels, Jean Carroll, Cohen Organizations: University of Texas, Democracy, CNN, Jeffrey Abramson University of Texas, Austin, Trump, Trump Organization, Biden, , , New York Times Locations: Austin, Manhattan, New York, York, England
CNN —The first criminal trial of former President Donald Trump is here. Trump has complained that he cannot get a fair jury in Manhattan, where the jurors must live. He was fined twice for violating a gag order imposed by New York Judge Arthur Engoron in his civil fraud trial. This payment is not part of the charges against Trump, but prosecutors have said that the testimony would help establish a pattern of payments. Merchan also denied prosecutors’ request to show E. Jean Carroll’s deposition from her defamation case against Trump because it would be “building in a trial into a trial.”
Persons: Donald Trump, Trump, Judge Juan Merchan, Merchan, ” Merchan, , Michael Cohen, they’d, CNN’s Paula Reid, Todd Blanche, Blanche, Chris Conroy, ” Conroy, Daniels, Michael Avenatti, Cohen, , Arthur Engoron, Karen McDougal, McDougal, Prosecutors, Jean Carroll’s Organizations: CNN, Republican, Manhattan, Attorney’s, Judge, New York, Trump . Defense, Monday Trump, Trump, Prosecutors, Social, New, National, American Media Inc Locations: Manhattan, New, New York
CNN —Former President Donald Trump’s first criminal trial begins on Monday, April 15, with jury selection and is expected to take six to eight weeks for the whole process from start to finish. This trial, related to a hush money payment to adult film star Stormy Daniels in 2016, is the first of four ongoing criminal cases that are expected to head to trial for the presumptive 2024 GOP presidential nominee. To better understand what’s going on as the proceedings progress, CNN compiled the steps of a criminal trial:
Persons: Donald Trump’s, Stormy Daniels Organizations: CNN
Of the first group of 96 potential jurors who crammed into the courtroom, more than half were immediately excused for saying they could not be fair and impartial. A Manhattan jury also found Trump’s business, the Trump Organization, guilty of tax evasion, although Trump was not personally named in that case. And here is an excellent visual timeline of the entire hush money scandal. It was Cohen who orchestrated the hush money payments and who pleaded guilty to federal charges of violating campaign finance law, for which he served time in prison. Trump is accused by New York of falsifying business records when he paid Cohen back for the hush money scheme.
Persons: Donald Trump, Trump, CNN’s Kara Scannell, Jeremy Herb, Scannell, , ” Scannell, Jeffrey Abramson, , ” Abramson, Jean Carroll, Abramson, Judge Juan Merchan, Kellyanne Conway, Rudy Giuliani, Stormy Daniels, Karen McDougal, CNN’s Kaanita Iyer, McDougal – She’s, Trump’s, Melania, Barron, Merchan, Carroll –, Carroll, Michael Cohen, Cohen, Maggie Haberman, Jake Tapper Organizations: CNN, America, Democracy, New, Trump, Trump Organization, National Enquirer, Trump . ►, Enquirer, – Prosecutors, New York Times Locations: Manhattan, sidebars, New York, Trump
Read previewThe judge presiding over Donald Trump's historic criminal trial has barred testimony that the former president's wife, Melania Trump, was pregnant at the time a former Playboy model says she had an affair with Donald Trump. Additionally, Steinglass explained that during the trial, he planned to bring into evidence how McDougal claims she had the affair with Trump while Melania Trump was pregnant with their now-18-year-old son Barron. AdvertisementThe McDougal-Trump narrative includes "that Karen McDougal was a former Playboy model," and that the affair began "when his wife, Melania, was pregnant with his child," Steinglass said. AdvertisementDonald Trump's lead attorney, Todd Blanche, argued strenuously against any evidence concerning a "literally just salacious with no value." Merchan ruled that he would allow prosecutors to talk about Trump's alleged affair with McDougal during the trial — but that he would not permit them to mention that Melania Trump was pregnant at the time.
Persons: , Donald Trump's, Melania Trump, Donald Trump, Joshua Steinglass, Juan Merchan, Karen McDougal, McDougal, Steinglass, Trump, Barron, Melania, Trump's, Stormy Daniels, Todd Blanche, Blanche, It's, Merchan, Daniels, Prosecutors, Michael Cohen Organizations: Service, Playboy, New, Business, Trump, American Media Inc, National Enquirer, AMI Locations: Manhattan
Monday is the first day of Donald Trump's criminal hush-money trial. During pretrial arguments, his campaign texted supporters saying he "could be locked up for life." AdvertisementAs the first day of Donald Trump's criminal hush-money trial got underway in a Manhattan courtroom on Monday, the former president's reelection campaign blasted out a text message to supporters saying that he "could be locked up for life." Related storyAt the end of the message, supporters were encouraged to donate money to Trump's reelection campaign. AdvertisementTrump's first criminal trial was to kick off Monday with jury selection after a morning of final pretrial arguments.
Persons: Donald Trump's, Trump, , Trump's, they're, Stormy Daniels, Prosecutors, Michael Cohen, Daniels, Attorney Alvin Bragg, there's, Joe Biden Organizations: Service, Trump, Prosecutors, Attorney, Republican Locations: Manhattan, America
The criminal trial of Donald J. Trump, the nation’s 45th president and the Republican Party’s presumptive nominee, started Monday with potential jurors assembling in a drab courtroom in New York City while Mr. Trump looked on. Mr. Trump denies that encounter happened, and has declared his innocence, calling the charges politically motivated. He has attacked the judge, Juan M. Merchan, and the Manhattan district attorney, Alvin L. Bragg, a Democrat, who also attended the first day of trial on Monday. Mr. Trump faces 34 felony counts and could face probation or up to four years of prison time. The trial, which is expected to last weeks, has a fascinating list of potential witnesses: Michael Cohen, Mr. Trump’s former fixer turned apostate, who made the payment; Karen McDougal, a Playboy model who says she, too, had an affair with Mr. Trump; and Hope Hicks, a former aide to Mr. Trump.
Persons: Donald J, Trump, Stormy Daniels, Juan M, Alvin L, Bragg, Michael Cohen, Trump’s, Karen McDougal, Hope Hicks, Daniels Organizations: Republican, Democratic, Mr, Democrat, fixer Locations: New York City, Manhattan
Donald Trump is in court for his first criminal trial. It is the grimy, hot, and poorly lit location of the first-ever criminal trial of a former US president. Monday marked the start of jury selection, presided over by Manhattan Supreme Court Justice Juan Merchan and expected to last up to two weeks. Just before the lunch break, Christopher Conroy, an assistant district attorney, accused Trump of violating the gag order. AdvertisementFormer President Donald Trump appears with his legal team at the start of jury selection in his criminal trial in New York City.
Persons: Donald Trump, Trump, , Juan Merchan, Stormy Daniels, Daniels, Michael Cohen, Merchan, Attorney Alvin Bragg, Christopher Conroy, Conroy, Cohen, Stephanie Clifford, — Trump, Jabin, Melania Trump, Trump's, there's, Joe Biden, Jean Carroll, Lewis Kaplan, Jack Smith, Fani Willis Organizations: Service, Manhattan Supreme, Trump, Manhattan, Attorney, New, Yorkers, Republican, US, Trump Organization, Justice Locations: New York County, Manhattan, Merchan, New York, America, New York City, Jabin, Mar, Fulton County, Georgia
When former President Donald J. Trump goes on trial on Monday in Manhattan, President Biden and his allies are not likely to say much. The media coverage will be constant, especially if Mr. Trump takes the stand, which he has floated as a possibility. Mr. Biden and his campaign have said nothing publicly about the criminal indictments against Mr. Trump, worried about improperly influencing the cases or stoking Mr. Trump’s repeated allegations — made without evidence — that Mr. Biden has engineered the charges. Many of the deep-pocketed outside Democratic groups supporting the Biden campaign are charting a similar path. When Mr. Trump goes on trial on Monday, he will be the first U.S. president to face criminal prosecution.
Persons: Donald J, Trump, Biden, Trump’s, , Alvin Bragg, , , Steve Schale, ” Mr, Stormy Daniels, Brandon Weathersby, He’ll, Biden won’t, they’re, Donald Trump, Suzan DelBene, ” Lisa Lerer, Ruth Igielnik, Michael Gold Organizations: White, Mr, Democratic, Biden, PAC, New York Times, Siena College, Philadelphia, Republican Party, House Democrats Locations: Manhattan, Michigan , Pennsylvania, Wisconsin, Pennsylvania, Scranton, Pa, Pittsburgh, Washington
Key players in Trump’s hush money trial
  + stars: | 2024-04-15 | by ( Kaanita Iyer | ) edition.cnn.com   time to read: +5 min
CNN —Donald Trump’s criminal New York hush money trial begins Monday, more than a year after the former president was indicted in the case. Stormy DanielsAdult-film star Stephanie Clifford, better known as Stormy Daniels, received a $130,000 payment just days before the 2016 presidential election. Michael CohenThe $130,000 payment to Daniels was made by Cohen, then Trump’s personal attorney, who landed in federal prison over that transaction for breaking campaign finance laws. Cohen, now a critical witness, has said that Trump directed him to make the payment to Daniels. Judge Juan MerchanNew York Supreme Court Judge Juan Merchan, who is known for maintaining control of his courtroom even when his cases draw considerable attention, will preside over this case.
Persons: Donald Trump’s, Donald Trump, Trump, ” Trump, Stephanie Clifford, Stormy Daniels, Daniels, Michael Cohen, Cohen, he’s, David Pecker, Pecker, Karen McDougal, Hope Hicks, Hicks, Attorney Alvin Bragg, Alvin Bragg, Bragg, Juan Merchan, Steve, Trump’s, Allen Weisselberg, Merchan, Sydney Kashiwagi, CNN’s Devan Cole, Kara Scannell, Lauren del Valle, Jeremy Herb, Marshall Cohen, Kaitlan Collins Organizations: CNN, Prosecutors, Trump, American Media Inc, National Inquirer, AMI, Manhattan, Attorney, Juan Merchan New, Trump Organization, Democratic Locations: York, Manhattan
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