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Trump, Biden and a Split Screen Made for This Moment
  + stars: | 2024-05-07 | by ( Peter Baker | ) www.nytimes.com   time to read: +1 min
It was perhaps a twisted cosmic coincidence that President Biden’s nationally televised speech on Holocaust remembrance would take place at the exact moment that former President Donald J. Trump was in a courtroom confronted by Stormy Daniels’s testimony about a sexual tryst gonewrong. But the surreal synchronism of the disparate events 182 days before the election captured the sometimes unreal reality of a presidential race like none before it, at once profound and tawdry, a contest with momentous consequences and a circuslike surround sound. A nation grappling with two wars overseas and campus unrest at home is also being asked to parse through the unseemly details of a married man’s purported dalliance with a woman who had sex on camera professionally. This may not have been what the founders had in mind when they established the presidency, watching Mr. Biden’s speech at the Capitol condemning “a ferocious surge of antisemitism” while internet feeds provided the latest from Ms. Daniels’s account about the particular coital position she and Mr. Trump assumed. Yet so goes 2024, a year of twists and turns that defy history and the imagination.
Persons: Biden’s, Donald J, Trump, Stormy, Organizations: Capitol Locations: Dachau
Circuit, argues that the bill, the Protecting Americans from Foreign Adversary Controlled Applications Act, violates constitutional protections of free speech. Now, legal proceedings will pause that timeline, meaning it could be years before a ban goes into effect. Tuesday's lawsuit is the latest development in what has become a multi-year effort by the U.S. government to effectively ban TikTok. Efforts to rein in the popular video-sharing app have persisted since 2020 under both the Trump and Biden administrations. The federal government and dozens of states have already banned the use of TikTok on government-owned devices.
Persons: TikTok, Joe Biden Organizations: United, U.S ., Appeals, Foreign, The, Justice, Justice Department, U.S, Trump, Biden Locations: United States, U.S
Before Meta stepped away from nearly all its dealings with the news industry, Mark Zuckerberg considered getting more entangled with it than ever. Between 2017 and 2018, the founder and CEO of Facebook, as it was still known, seriously considered acquiring a news outlet. His focus eventually turned to The Associated Press, the storied news agency service, according to three people familiar with internal Facebook talks surrounding the idea. Around this time, Zuckerberg weighed another option for Facebook to start a news organization, the three people said. This idea was also ultimately abandoned, mostly due to concerns about public blowback and trust in Facebook at the time.
Persons: Meta, Mark Zuckerberg, Zuckerberg, Jeff Bezos, Chan Zuckerberg, Donald Trump, Facebook's Organizations: Facebook, Associated Press, Washington Post, Chan Zuckerberg Initiative, AP, Meta
Donald Trump's Mar-a-Lago documents trial has been delayed indefinitely. AdvertisementThe judge overseeing Donald Trump's criminal case over his holding onto secret government documents following his presidency delayed the trial indefinitely — giving him the chance to get rid of the charges if he wins the 2024 election. Another criminal case overseen by Smith, in a federal court in Washington, DC, was previously scheduled for March 4. In that case, Smith alleged Trump broke criminal laws through his efforts to overturn the results of the 2020 election. Trump's attorneys have also made immunity arguments in the classified documents case.
Persons: Donald Trump's Mar, It's, , Donald Trump's, Aileen Cannon, Cannon —, Trump, Carlos de Oliveira, Waltine Nauta —, Jack Smith, de Oliveira, Trump's, Stormy Daniels, — Trump, Smith, MANDEL NGAN, Fani Willis, Juan Merchan, Todd Blanche, Blanche, Merchan, reconvene, Cannon Organizations: Trump, Service, Nauta, Republican, Justice Department, US, Getty Images Locations: Lago, Manhattan, Washington ,, AFP, Getty Images Fulton County, Georgia, York, Florida, New York
download the appSign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. President Joe Biden has sought to use his pro-environment policies to boost his support among young voters, but most of them have little to no knowledge of his administration's actions to tackle climate change, according to a recent survey. And many of the administration's climate policies are seemingly popular with the American public. The most polarizing Biden policy in the survey was the allowance of tax credits for electric vehicles, but even it had a plurality of support (43 percent) among respondents. Meanwhile, 35 percent of respondents opposed such credits, and 21 percent of respondents indicated they hadn't heard about it.
Persons: Joe Biden, Biden, Donald Trump's Organizations: Service, CBS, Business Locations: White House, Paris, United States
There is probably no one, other than Donald Trump, more central to his New York trial — the first criminal trial of an American president — than Stormy Daniels. Today, in a courtroom in Lower Manhattan, Daniels took the stand for several hours. She spoke quickly, unspooling so many salacious details that the judge overseeing the case balked at some of the testimony, implying that it was gratuitously vulgar, and the defense unsuccessfully sought a mistrial. Daniels has told her story widely, but never to jurors, and not with Trump in the room. During cross-examination, which is expected to continue on Thursday, Trump’s lawyers sought to paint Daniels as a liar driven by greed.
Persons: Donald Trump, , Stormy Daniels, Trump, Daniels, unnerve Trump, Trump’s Organizations: Trump Locations: New York, Lower Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC Chair Gensler on crypto regulation: Right now investors aren't getting the required disclosuresSEC Chair Gary Gensler joins 'Squawk Box' to discuss the agency's oversight of the crypto market, the SEC's Wells notice to Robinhood Crypto, Consensys lawsuit against the SEC, why the agency charged Trump Media auditor with 'massive fraud', and more.
Persons: Gensler, aren't, Gary Gensler, Wells, Robinhood Crypto Organizations: SEC, Trump Media
Stormy Daniels’s testimony on Tuesday against Donald J. Trump at his criminal trial in Manhattan was not the first time that the porn star and the former president have clashed in court. Six years ago, Ms. Daniels — then known by her off-camera name, Stephanie Clifford — filed a defamation lawsuit against Mr. Trump that ultimately failed, leading to damaging consequences for both her and her lawyer. The lawsuit, first filed in Manhattan federal court in April 2018 and then transferred to California, accused Mr. Trump of posting a social media message that called into question Ms. Daniels’s credibility. It came in response to one of her own posts, in which she included a sketch of a man who, she said, had threatened her in a Las Vegas parking lot in 2011, telling her to keep silent when she was first considering revealing her account of having had sex with Mr. Trump.
Persons: Donald J, Trump, Daniels —, Stephanie Clifford —, Mr Organizations: Mr Locations: Manhattan, California, Las Vegas
How US presidential election years affect the market
  + stars: | 2024-05-07 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +5 min
But if the past century is any guide, the long-term consequences of US presidential election years on investor portfolios, including 401(k)s, is minimal at best. Unsurprisingly, those four presidential election years occurred at times of seismic events: The Great Depression. The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to presidential election years in which the incumbent president is running for reelection, the average jumps to 12.2%. “If you’re not going to make a change in a nonelection year, you shouldn’t do so in a presidential election year,” Mukherjee said.
Persons: TIAA, , Niladri Mukherjee, Jeff Buchbinder, Joe Biden, Donald Trump, ” Mukherjee, Mukherjee, What’s, — Mukherjee, you’re, Daniel Crosby, Crosby Organizations: New, New York CNN, US Bank, , Senate Locations: New York, United States
Stormy Daniels took the stand at Trump's hush-money trial Tuesday. "My name is Stormy Daniels," the porn star at the center of the historic trial said as she swore to tell the truth while at the witness stand of a Manhattan courtroom, just 20 feet from Trump. Daniels told the jury she directed her first adult film at age 23. Advertisement"They marked it down in the books, the check was signed," Trump told reporters before he headed into the courtroom. Prosecutor Susan Hoffinger explained that there will be details in Daniels' testimony about how the porn star "ended up having a sexual encounter" with Trump.
Persons: Stormy Daniels, Trump, Daniels, , Donald Trump's, Stephanie Clifford, Susan Hoffinger, Daniels —, Attorney Alvin Bragg, Michael Cohen, fumed, Cohen, We're, Susan Necheles, Juan Merchan, It's, Necheles, Merchan, Hoffinger Organizations: Service, Trump, Prosecutors, Attorney, Trump Organization, New Locations: Trump, Manhattan, Trump's, Lake Tahoe, Israel
Donald Trump posted — and then quickly deleted — a statement Tuesday raging over the witness schedule and the judge in his criminal hush money trial. Trump fumed that prosecutors are not telling defense attorneys which witnesses they plan to call until the day before the witness testifies. "I have just recently been told who the witness is today. This is unprecedented, no time for lawyers to prepare," Trump wrote in the post. Prosecutor Joshua Steinglass told Merchan on Monday the Manhattan District Attorney's office is keeping its witness schedule hidden, in order to stop Trump from targeting people right before they take the stand.
Persons: Donald Trump, Stormy Daniels, Judge Juan Merchan, Trump, Joshua Steinglass, Merchan Organizations: Manhattan District, Trump Locations: Manhattan, New York City, U.S
Testimony in the criminal trial of Donald J. Trump has pivoted from weeks of salacious stories of sex and scandal to focus on the financial transactions at the center of the case. A current and a former employee in the Trump Organization’s accounting department on Monday walked jurors through the dry but crucial financial records that tie Mr. Trump to reimbursements made to his longtime fixer, Michael D. Cohen, for a $130,000 hush-money payoff to a porn star days before the 2016 election. The porn star, Stormy Daniels, who said she had sex with Mr. Trump in 2006, wanted to go public about her encounter in 2016, but Mr. Cohen made a deal to bury her story before Election Day. The former president is accused of falsifying business records to cover up reimbursements to Mr. Cohen, who made the hush-money payment himself.
Persons: Donald J, Trump, reimbursements, Michael D, Cohen, Stormy Daniels Organizations: Trump
Washington CNN —President Joe Biden on Tuesday aims to issue a clarion call to fight a swiftly rising tide of antisemitism amid a precarious moment in Israel’s war against Hamas and as protests have swept American college campuses, laying bare Biden’s trouble with some young voters. Biden’s longtime and stalwart support for Israel has come under intense pressure as the humanitarian crisis in Gaza grows. The president plans to address the long history of antisemitism and issue what one senior administration official familiar with the remarks described as a “call to action” on combatting antisemitism. The protests are not expected to be a major part of the speech, the official added. However, Biden does not intend to use his speech on Tuesday to delve into Middle East policy or the current situation in Israel or Gaza.
Persons: Joe Biden, Biden’s, Israel, Biden, White, “ recommit, ” Biden, Karine Jean, Pierre, ” Jonathan Greenblatt, John Kirby, Biden “, Benjamin Netanyahu, it’s, Jean, , , Miguel Cardona, Doug Emhoff, Yom HaShoah, Donald Trump’s, Trump, Adolf Hitler “, CNN’s Dana Bash Organizations: Washington CNN, US, White, CNN, Defamation League, ADL, Hamas, National Security, Qatari, White House, Education’s, Civil, Department of Homeland Security, DHS, Department’s Office, Institute of Politics, Harvard University’s Kennedy Locations: Israel, Gaza, Cairo, Doha, Qatar, Gazan, Rafah, America, Poland
Merchan told Blanche they were speaking at the bench because the judge did not want to embarrass Trump. “One time I noticed when Ms. Daniels was testifying about rolling up the magazine, and presumably smacking your client, and after that point [Trump] shook his head and he looked down. Blanche said he would talk to Trump during the break. Daniels then told jurors that she “spanked” a “rude, arrogant and pompous” Trump “right on the butt” with a copy of one of his magazines. After which, she said, the former president “was much more polite.”CNN’s Jeremy Herb, Lauren del Valle and Kara Scannell contributed to this report.
Persons: Donald Trump’s, Stormy Daniels, audibly, , Juan Merchan, Todd Blanche, Daniels, Trump, Michael Cohen, Merchan, Blanche, ” Merchan, ” Trump, , Jeremy Herb, Lauren del Valle, Kara Scannell Organizations: CNN, Trump Locations: Lake
To be clear, Stormy Daniels has never accused Donald Trump of anything but a payoff. Daniels took the stand on Tuesday and spoke confidently. She gestured with her hands, at times joking, and at other times she spoke so quickly that the judge had to ask her to slow down. Trump was not threatening during the sexual encounter, she testified, though he was standing between her and the door. She did not say no to sex with him, but she also didn’t consent to him not using a condom.
Persons: , , Stormy Daniels, Donald Trump, Trump, Daniels, , Locations: Lake
Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.
Persons: Blackstone, , BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, ​ ​ McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres
Ms. Daniels could take the stand to testify against Mr. Trump as early as this week. Her presence would let Mr. Trump’s defense lawyers attack Ms. Daniels as an extortionist and question her credibility. Nor can she testify about the plan for Mr. Trump to hide his reimbursements to Mr. Cohen by characterizing them as legal fees. Mr. Trump’s lawyers contend that he did not know that the checks he signed for Mr. Cohen were not for legal fees, and that Mr. Cohen and Mr. Trump’s employees were responsible for any false records. “He has never thought that the little man, or especially women, and even more, women like me, matter,” Ms. Daniels said.
Persons: Donald J, Trump, Stormy Daniels, Daniels, Alvin L, Bragg, Trump’s, Michael Bachner, Bachner, Dave Sanders, Stephanie Clifford, Barrett, “ I’m, Donald Trump, ” Ms, Norm, , Peacock, J., r. “ Organizations: Mr, The New York Times Locations: Manhattan, New York City, Baton Rouge, La, Texas, Florida, New York
In a private sidebar conversation, Donald Trump's hush-money judge said he acted out while Stormy Daniels testified. Trump was "cursing audibly" and "uttered a vulgarity" while Daniels answered questions for jurors, the judge said. "I understand that your client is upset at this point, but he is cursing audibly, and he is shaking his head visually and that's contemptuous," Merchan told Trump's lawyer Todd Blanche. AdvertisementDonald Trump was "cursing audibly" during testimony from Stormy Daniels, according to New York Supreme Court Justice Juan Merchan. The judge also said Trump "uttered a vulgarity" when Daniels testified about "The Apprentice."
Persons: Donald Trump's, Stormy Daniels, Trump, audibly, Daniels, , Juan Merchan, Merchan, Todd Blanche, Donald Trump, Susan Hoffinger, Hoffinger, Blanche, Jean Carroll's, Lewis Kaplan, Carroll, Kaplan Organizations: Service, New, Trump, New York, NBC Locations: Lake Tahoe , California, New, Manhattan, Trump's
CNN —Adult film actress Stormy Daniels, who is expected to testify Tuesday in former President Donald Trump’s criminal trial in New York, is a key figure in the controversy over a 2016 “hush money” payment allegedly made to Daniels on Trump’s behalf. Target of repeated threatsDaniels has been vocal about threats she’s received since her alleged affair with Trump came to light. In her book, Daniels said Cohen threatened to sue shortly after an interview she did with the parent company of Life & Style and In Touch magazine in 2011. Trump dismissed a composite sketch of the man she alleged threatened her, calling it “a total con job” in a 2018 tweet. Longtime adult film actressDaniels started out as a dancer in Louisiana before moving to Los Angeles to make porn films.
Persons: Stormy Daniels, Donald Trump’s, Daniels, Trump, Michael Cohen, Stephanie Clifford, Peacock, Donald Trump, , ” Daniels, Trump “, Cohen, Judge Juan Merchan, she’s, Piers Morgan, , Anderson Cooper, Cooper, , It’d, Horseface, , ” Trump, Michael Avenatti —, , Avenatti, Prosecutors, “ I’m, that’s Organizations: CNN, Trump, Wall Street, Prosecutors, Life, Hall of Fame Locations: New York, York, Las Vegas, Louisiana, Los Angeles, Pompano Beach , Florida
TikTok sues to block prospective US app ban
  + stars: | 2024-05-07 | by ( Brian Fung | ) edition.cnn.com   time to read: +9 min
If it loses, TikTok could be banned from US app stores unless its Chinese parent company, ByteDance, sells the app to a non-Chinese entity by mid-January 2025. But Virginia Democratic Sen. Mark Warner, an advocate for the TikTok legislation, said in remarks on the Senate floor in April that the briefings provided critical insight into the risk TikTok poses. US policymakers have described the law at issue as a forced divestiture of TikTok, not an outright app ban. Some US officials have been trying to ban TikTok from the United States since 2020, when former President Donald Trump moved to block the app by executive order. (Trump has since reversed his position, saying a TikTok ban would only help Meta, a company Trump blames for his 2020 election defeat.)
Persons: Washington CNN — TikTok, Joe Biden, TikTok, Bytedance, , didn’t, Virginia Democratic Sen, Mark Warner, Warner, they’ve, They’ve, , Tuesday’s, ByteDance, TikTok’s, Berman, Evelyn Douek, Biden, Gautam Hans, Hans said, Jennifer Huddleston, Donald Trump, Trump, Douek, ” Douek Organizations: Washington CNN, Appeals, District of Columbia Circuit, Justice Department, Oracle, Foreign Investment, Republican, Democrat, Virginia Democratic, Senate, Stanford University, Cornell University . Still, Apple, Google, Cato Institute, European Commission, Trump Locations: China, United States, TikTok, Israel, Ukraine, Montana, Canada, United Kingdom, India
When Donald J. Trump met Stormy Daniels, their flirtation seemed fleeting: He was a 60-year-old married mogul at the peak of reality television fame, and she was 27, not half his age, a Louisiana native raised in poverty and headed to porn-film stardom. But that chance encounter in Lake Tahoe, Nev., some two decades ago set off a chain of events that has brought the nation the first criminal trial of an American president. And on Tuesday, Ms. Daniels took the stand at that trial, bringing the former president face to face with the porn star at the case’s center.
Persons: Donald J, Trump, Stormy Daniels, Daniels Locations: Louisiana, Lake Tahoe, Nev
Republican presidential candidate and former U.S. President Donald Trump gestures while he walks with his attorney Todd Blanche, as his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016 continues, at Manhattan state court in New York City, U.S., May 6, 2024. A federal judge Tuesday indefinitely postponed the criminal classified documents trial of former President Donald Trump, a court filing shows. The trial, on charges that Trump willfully retained classified national security records after leaving the White House and then hid them from federal authorities, was scheduled to start May 20. This is breaking news. Please check back for updates.
Persons: Donald Trump, Todd Blanche, Stormy Daniels, Trump Organizations: White House Locations: Manhattan, New York City, U.S
Prosecutors cannot force Donald J. Trump to testify at his criminal trial in Manhattan, but that does not mean they can’t use his words against him. On Tuesday, the prosecutors unearthed a series of damaging excerpts from books that the former president wrote, plucking out passages to help make their case against Mr. Trump. In essence, they called a past version of Mr. Trump to testify against his future self. In his own words, Mr. Trump described how he kept a focus on minute details and watched every penny that left his accounts, corroborating a core component of the prosecution’s case as they argue that he knew that his company falsified business records to cover up a hush-money payment to Stormy Daniels, a porn star. On cross-examination, Mr. Trump’s lawyer, Todd Blanche, suggested that a ghost writer had been responsible for these words.
Persons: Donald J, Trump, Stormy Daniels, Trump’s, Todd Blanche Locations: Manhattan
New York CNN —Prosecutors in Donald Trump’s hush money trial dove into the paper trail at the heart of their case on Monday, revealing to jurors exactly how Michael Cohen was repaid by Trump’s trust and personal accounts in 2017 after he paid hush money to Stormy Daniels. Here are the takeaways from day 12 of the Trump hush money trial:Judge threatens to jail TrumpMerchan began Monday’s session by announcing he found Trump in contempt for violating his gag order a 10th time, after fining him last week for nine violations cited by prosecutors. Both of the witnesses worked for Trump for decades – Tarasoff still works for the Trump Org. Trump fully turned in his chair to watch Tarasoff’s testimony when his attorney, Blanche, began his cross-examination of the Trump Org. was like a “family-run business.”Eric Trump, who is still in charge of the Trump Org., and attorney Alina Habba, who represented Trump Org.
Persons: Donald Trump’s, Michael Cohen, Stormy Daniels, Cohen, Juan Merchan, Trump Merchan, Trump, fining, fining Trump, Mr, ” Merchan, , ” Trump, Merchan, Daniels, Jeffrey McConney, McConney, Deborah Tarasoff, ” McConney, CNN Tarasoff, Donald J, , David Pecker, Keith Davidson –, Allen Weisselberg, Daniels ’, Davidson, Cohen –, who’ve, Emil Bove, Weisselberg, ” Tarasoff, Todd Blanche, – Tarasoff, “ You’re, , Blanche, ” Eric Trump, Alina Habba, Tarasoff, Eric Trump Organizations: New, New York CNN — Prosecutors, Trump Organization, Trump, Trump Org, Trust, CNN, White, Trump Revocable Trust, Consultants Locations: New York, Washington, McConney, Sharpie
MAGA2024!”This is the sort of thing Mr. Trump is known for, even with people who came around and bent the knee. Politics is a dominance competition, and Mr. Trump is an avid and ruthless practitioner of it. What these Democrats seem to have forgotten is that they have their own liberal tradition of dominance politics — and if they embrace it, they would improve their chances of defeating Trumpism. But unlike Mr. Trump, whose lies and conduct after the 2020 election were damaging to democracy, leaders like Franklin Roosevelt, John F. Kennedy, Lyndon Johnson and the Rev. Dr. Martin Luther King Jr. exerted dominance in liberal ways and to prodemocratic ends.
Persons: Donald Trump, Bill Barr, , Barr, Trump, MAGA2024, , Franklin Roosevelt, John F, Kennedy, Lyndon Johnson, Martin Luther King Jr Organizations: Democratic, Trumpism
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