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Trump hush money sentencing delayed indefinitely
  + stars: | 2024-11-22 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +1 min
Former US President Donald Trump attends the second day of his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City on April 16, 2024. A New York judge Friday indefinitely postponed President-elect Donald Trump's sentencing in his criminal hush money case. Trump's attorneys — including Todd Blanche, whom Trump recently tapped to be the No. 2 official at the Department of Justice — argued Tuesday that the hush money case must be thrown out "immediately." "Just as a sitting President is completely immune from any criminal process, so too is President Trump as President-elect," Blanche and lawyer Emil Bove wrote in a letter to Merchan.
Persons: Donald Trump, Donald Trump's, Judge Juan Merchan, Trump, Todd Blanche, Department of Justice —, Blanche, Emil Bove Organizations: Manhattan Criminal, Prosecutors, Manhattan, Attorney's, Department of Justice Locations: New York City, York
Rep. Marjorie Taylor Greene, R-Ga., attends a roundtable discussion with members of the House Freedom Caucus on the COVID-19 pandemic at The Heritage Foundation on Thursday, November 10, 2022. Rep. Marjorie Taylor Greene, R-Ga., has been tapped to lead a new House subcommittee that will work with the so-called Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy. Greene and House Oversight Chairman James Comer, R-Ky., have met with Ramaswamy and his team and are "already working together," a source familiar with the matter told CNBC on Thursday. "I'm excited to chair this new subcommittee designed to work hand in hand with President Trump, Elon Musk, Vivek Ramaswamy, and the entire DOGE team," Greene said in a statement to CNBC. It aims to investigate government waste, and seek out ways to reorganize federal agencies and cut red tape, the source said.
Persons: Marjorie Taylor Greene, Elon Musk, Vivek Ramaswamy, Greene, James Comer, Ramaswamy, Comer, Donald Trump, Trump Organizations: Caucus, Heritage Foundation, Government, CNBC, President, DOGE, Fox News Locations: Ky
Trump AG pick Matt Gaetz says he's withdrawing
  + stars: | 2024-11-21 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +2 min
Matt Gaetz said Thursday he is withdrawing his name from consideration as President-elect Donald Trump's pick for U.S. attorney general, ending the controversial bid that put prior allegations of sexual misconduct in the spotlight. I appreciate their thoughtful feedback - and the incredible support of so many," Gaetz said in a statement posted on his X account. "There is no time to waste on a needlessly protracted Washington scuffle, thus I'll be withdrawing my name from consideration to serve as Attorney General," he said. The Department of Justice's investigation into whether Gatez sex-trafficked a minor girl ended last year without charges being filed. The House committee, which is evenly divided between Republicans and Democrats, on Wednesday deadlocked on a vote to release a report on its probe of Gaetz.
Persons: Matt Gaetz, Kevin McCarthy, Donald Trump's, Gaetz, Vance, CNN's Paula Reid, Susan Wild of, reconvene, Trump, Karoline Leavitt, Leavitt Organizations: U.S, Trump, Republican, The, Republicans, Democrats, Gaetz, Truth, Administration, Department of Justice, CNBC, Yildirim Locations: Washington ,, Florida, Washington, Susan Wild of Pennsylvania
Rep. Matt Gaetz, R-Fla., is seen outside a meeting of the House Republican Conference in the U.S. Capitol on Tuesday, January 3, 2023. The Senate Judiciary Committee asked the FBI on Wednesday for its "complete evidentiary file" of a prior investigation into the alleged sex trafficking of an underage girl by Matt Gaetz, who has been tapped as the next U.S. attorney general by President-elect Donald Trump. The Judiciary panel's request says that "the grave public allegations against Mr. Gaetz speak directly to his fitness to serve as the chief law enforcement officer for the federal government." The committee's Democratic majority, in a letter to FBI Director Chris Wray, noted that Gaetz's associate Joel Greenberg pleaded guilty in 2021 "to the sex trafficking charge for which Mr. Gaetz was also investigated." The 42-year-old Republican, who until last week represented a Florida district in the House of Representatives, has denied all wrongdoing.
Persons: Matt Gaetz, Donald Trump, Gaetz, Chris Wray, Joel Greenberg, Gaetz's Organizations: House Republican Conference, U.S, Capitol, FBI, Democratic, of Justice, Republican, DOJ Locations: Florida
The bipartisan House Ethics Committee deadlocked Wednesday on whether to release a report on its investigation into allegations of sexual misconduct and other wrongdoing by former Republican Rep. Matt Gaetz. Ethics Chair Michael Guest, R-Miss., told reporters after the closed-door meeting on Capitol Hill, "There has been no agreement to release the report." She stressed that the vote in the 10-member committee, which is evenly divided between Republicans and Democrats, fell along partisan lines. In September he said he would no longer voluntarily participate in the ethics probe, while revealing that the committee had asked him whether he ever "engaged in sexual activity with any individual under 18." Democrats on the Senate Judiciary Committee urged the FBI earlier Wednesday to turn over all the evidence it had gathered from its investigation into Gaetz.
Persons: Sen, JD Vance, Matt Gaetz, Donald Trump's, Michael Guest, Susan Wild of, Wild, Guest's, Gaetz, Trump, Guest, Gaetz's, Dick Durbin Organizations: U.S, Capitol, Republican, Republicans, Democrats, Department of Justice, DOJ, Senate Locations: Washington ,, Susan Wild of Pennsylvania
President-elect Donald Trump on Tuesday pushed his fellow Republicans in the Senate to stop Democrats from confirming any more of President Joe Biden's judicial nominees. The Senate has confirmed 216 of Biden's nominees to the federal judiciary. Biden has put forward 261 total judicial nominees, the White House said in a Nov. 8 press release announcing his 56th round of hopefuls. Incoming Senate Majority Leader John Thune, R-S.D., told ABC News he would continue to bog down the nomination process. "I was on the Senate floor until almost midnight last night voting to confirm President Biden's judicial nominees," Sen. Patty Murray, D-Wash., wrote on X.
Persons: Donald Trump, Joe Biden's, Trump, Judge Embry Kidd, Biden, Chuck Schumer, Schumer, John Thune, Sen, Thune, Patty Murray, We'll, Murray, Kamala Harris, Susan Collins of, Lisa Murkowski Organizations: America, Policy, Tuesday, Senate, Radical, Republican, U.S ., Appeals, ABC News, Democrat, ABC, Republicans, GOP Locations: Palm Beach , Florida, U.S, Susan Collins of Maine, Alaska
Trump Media is reportedly in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks. Trump Media, which is majority-owned by President-elect Donald Trump, shot up by double digits minutes after the FT report was published. Trump Media has seen its market value rise and fall by billions of dollars in the run-up to the 2024 presidential election, as retail investors bet on the Republican’s momentum and political prospects. While Trump Media has reported a $363 million net loss on revenues of just $2.6 million so far this year, it boasts a market cap above $7 billion. A Trump Media spokeswoman did not immediately respond to CNBC’s request for comment.
Persons: , , Donald Trump, Kelly Loeffler, Loeffler, Jeffrey Sprecher, Brian Kemp, Sen, Johnny Isakson, Democratic Sen, Raphael Warnock Organizations: Trump Media, Financial Times, President, Nasdaq, Intercontinental Exchange, New York Stock Exchange, Georgia Gov, U.S, Senate, Democratic
Caroline Kennedy, US ambassador to Australia, speaks during the AFR Business Summit in Sydney, Australia, on Tuesday, March 7, 2023. Robert F. Kennedy Jr.'s views on vaccines are "dangerous" and rejected by his family, U.S. Ambassador to Australia Caroline Kennedy said of her cousin, whom President-elect Donald Trump has picked to lead the Department of Health and Human Services. Caroline Kennedy offered the remarks as she prepared to leave her post, making way for the incoming Trump administration. Caroline Kennedy, 66, is the only surviving child of former Democratic President John F. Kennedy and first lady Jacqueline Kennedy Onassis.
Persons: Caroline Kennedy, Robert F, Kennedy Jr, Australia Caroline Kennedy, Donald Trump, I'm, Bobby Kennedy's, Trump, John F, Kennedy, Jacqueline Kennedy Onassis Organizations: Summit, Ambassador, Department of Health, Human Services, National Press Club of Australia, RFK Jr, Democratic Locations: US, Australia, Sydney, U.S
House Speaker Mike Johnson said Sunday that House Ethics Committee's probe into Matt Gaetz, President-elect Donald Trump's pick for U.S. attorney general, is a "Pandora's box" and said the report from it should not be released. The House Ethics Committee was investigating allegations that Gaetz engaged in sexual misconduct, illicit drug use and other wrongdoing. I don't think we want the House Ethics Committee using all of its vast resources and powers to go after private citizens, and that's what Matt Gaetz is now," Johnson said. Gaetz's resignation effectively ends the Ethics Committee probe because the panel's reach is limited to members of the House. On Friday, a lawyer for a woman told the Ethics committee she saw Gaetz have sex with a minor, NBC News reported.
Persons: Mike Johnson, Matt Gaetz, Donald Trump's, Gaetz, Johnson, Gaetz's, Gaetz didn't, Department of Justice —, Joel Leppard, , Kevin Breuninger Organizations: Republican, U.S . Capitol House, U.S, Louisiana Republican, Punchbowl News, Department of Justice, NBC News Locations: Washington , U.S, Louisiana, Florida, Orlando
The Thursday night disclosure to the U.S. Securities and Exchange Commission showed that financial firm ARC Global Investments II and its manager, Patrick Orlando, no longer own more than 5% of Trump Media stock. Trump Media reported in early September that ARC owned over 11 million shares, equating to 5.4% of the company's outstanding stock. In mid-September, a Delaware judge found that Trump Media breached an agreement with ARC and must grant it additional shares. Trump Media, which operates the Truth Social app, suffered a major selloff in late summer and by the end of September was trading near its post-merger lows. But it saw a major stock rally in October that recovered most of those losses.
Persons: Donald Trump's, Patrick Orlando, ARC's, Steven Fineman, Kamala Harris Organizations: U.S . Securities, Exchange Commission, ARC Global Investments, Trump Media, ARC, SEC, Orlando, United Atlantic Ventures, Trump, Republican Locations: Orlando, Delaware
The surprise announcement Wednesday, and Gaetz's swift resignation from Congress, also drew attention to a House Ethics Committee probe into allegations that Gaetz engaged in sexual misconduct, illicit drug use and other wrongdoing. "I think there should not be any limitation on the Senate Judiciary committee's investigation, including whatever the House Ethics Committee is generated," Cornyn told reporters on Capitol Hill. We would support the House Ethics Committee immediately releasing their report," John Clune, a partner at Hutchinson Black and Cook, wrote on X. Gaetz's resignation effectively ends the Ethics Committee probe, because the panel's reach is limited to members of the House. The Ethics panel was slated to meet Thursday behind closed doors, a source familiar with the situation told NBC.
Persons: Donald Trump's, Matt Gaetz, Gaetz, Sen, John Cornyn of, Cornyn, Department of Justice —, Gaetz's, John Clune, Cook, Michael Guest Organizations: Senate, Republican, Capitol, Department of Justice, Hutchinson, Punchbowl News, Committee, NBC Locations: Florida, John Cornyn of Texas
Elon Musk listens as President-elect Donald Trump addresses a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill in Washington, D.C., on Nov. 13, 2024. Elon Musk on Wednesday joined President-elect Donald Trump for his first postelection meeting with the House Republican conference in Washington, D.C., an advisor to Trump told NBC News. Trump and Musk flew to the nation's capital together from Florida aboard Trump's plane. Musk has been alongside Trump in nearly every meeting, The New York Times reported. On Tuesday evening, Trump announced that "the Great Elon Musk" and entrepreneur Vivek Ramaswamy would lead an outside commission called the "Department of Government Efficiency," which aims to "dismantle government bureaucracy" and cut regulations.
Persons: Elon Musk, Donald Trump, Musk, Trump's, Trump, Elon, Vivek Ramaswamy Organizations: Republicans, Hyatt, Washington , D.C, Wednesday, House Republican, Trump, NBC News, SpaceX, The New York Times, " Department of Government Locations: Washington ,, Florida, Palm Beach
In this courtroom sketch, former U.S. president Donald Trump appears by video conferencing before Judge Juan Merchan during a hearing before his trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in Manhattan state court in New York City, May 23, 2023. A New York judge on Tuesday delayed by one week ruling on whether to toss guilty verdicts against President-elect Donald Trump in his criminal hush money case, or to move toward sentencing in late November. The postponement was announced two days after the Manhattan District Attorney's Office asked the judge for time to consider how Trump's electoral win affects the case. Manhattan Supreme Court Judge Juan Merchan, who was set to issue his ruling Tuesday, is now scheduled to determine if the case should be dismissed on Nov. 19. Trump is currently set to be sentenced Nov. 26 on 34 counts of falsifying business records related to a hush money payment made by his former lawyer Michael Cohen to porn star Stormy Daniels shortly before the 2016 presidential election.
Persons: Donald Trump, Juan Merchan, Stormy Daniels, Trump, Michael Cohen Organizations: Manhattan, Attorney's Locations: Manhattan, New York City, York
President-elect Donald Trump's pick to carry out his sweeping deportation plans may be able to operate with more power, and less oversight from Congress, than some of his own Cabinet members. Homan will instead be the Trump administration's "Border Czar," a title that could grant him significant influence over immigration and border policy without the formal authority — and guardrails — that come with being a Cabinet secretary. Homan will also "be in charge of all Deportation of Illegal Aliens back to their Country of Origin," Trump wrote in the post. "White House appointees are subject to less oversight than Cabinet and sub-Cabinet officials," said Katherine Hawkins, senior legal analyst for the Project on Government Oversight. "It is much harder for Congress to enforce subpoenas against White House officials, and they are more likely to cite executive privilege and refuse to testify and have that refusal upheld by courts," Hawkins said.
Persons: Donald Trump, Trump, Jeff Sessions, Kirstjen Nielsen, Thomas Homan, Donald Trump's, Tom Homan, Homan, " Homan, — Homan, Katherine Hawkins, Hawkins Organizations: White, Washington , D.C, Homeland, Customs, . Immigration, Department of Homeland Security, Trump, CNBC, Cabinet, Project, White House Locations: Washington ,
This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Trump Media shares soared Friday after President-elect Donald Trump reaffirmed he has no plans to sell off his stake in the Truth Social operator, and called on authorities to investigate whoever suggested otherwise. Trump's announcement, posted on Truth Social, was his first personally written statement since his stunning victory against Democratic Vice President Kamala Harris in Tuesday's presidential election. DJT shares shot up more than 10% immediately following Trump's post, triggering a temporary trading halt due to volatility. Shares plunged more than 22% on Thursday, undoing some of the company's gains from a surging rally in the lead-up to the election.
Persons: Donald Trump, Kamala Harris, Trump Organizations: Trump Media, Democratic, Republican Locations: Washington ,, Tuesday's
Republican presidential nominee, former U.S. President Donald Trump arrives to speak with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Yet after achieving what is arguably the greatest political feat of his career, the new president-elect has so far been silent on the social media platforms where he is normally a ubiquitous presence. As of Thursday afternoon, Trump had not posted on Truth Social, the platform operated by his social media company Trump Media , since before all polls closed on Election Day. Nor has he trumpeted his victory on X, the social media site owned by his top campaign backer Elon Musk. Asked for clarity, Trump campaign spokesman Steven Cheung said only, "President Trump won a historic election and will now become the 47th President of the United States."
Persons: Donald Trump, Melania Trump, Trump, Elon Musk, Steven Cheung Organizations: Trump Media, Facebook, Republican Locations: Palm Beach, West Palm Beach , Florida, United States
With his comeback victory over Vice President Kamala Harris in the books, Trump can rest easy. But he has not yet escaped from liability in a handful of high-profile civil cases, where he has been ordered to pay combined penalties of over $570 million. "In theory, there should be no effect" from Trump's election on those civil matters, former federal prosecutor Neama Rahmani told CNBC. "It's well established that while a sitting president can't be prosecuted, he can face civil cases," Rahmani said. A state-level criminal case in Georgia, alleging Trump illegally meddled in that state's 2020 election, is also on ice.
Persons: Donald Trump, Donald Trump's, Kamala Harris, Trump, Neama Rahmani, Rahmani, Jack Smith, Smith's, Smith, Aileen Cannon, Fani Willis, Willis, Stormy Daniels Organizations: Convention Center, CNBC, of Justice, D.C, Trump, DOJ, Fulton Locations: Palm Beach, West Palm Beach , Florida, U.S, Smith's Washington, Florida, Georgia, Fulton County, York
watch nowRepublican presidential nominee Donald Trump will defeat his Democratic rival, Kamala Harris, and return to the White House for another four years, NBC News projects. At 78, he is the oldest person ever to win a U.S. presidential election. Trump's win denies Harris, the vice president, what would have been her own historic milestone: becoming the first woman president of the United States. Democratic presidential candidate Vice President Kamala Harris speaks at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on Oct. 14, 2024. It remains to be seen to what extent Trump's presidential agenda will resemble the sum of his many claims as a candidate.
Persons: Donald Trump, Kamala Harris, Joe Biden, Grover Cleveland —, Trump's, Harris, Dustin Franz, Sen, JD Vance, Ohio, Vance, Trump, Robert F, Kennedy Jr, Elon Musk, Evan Vucci, Thomas Matthew Crooks, Crooks, Organizations: Democratic, White House, NBC, Trump, U.S, Erie Insurance, Afp, Getty, Capitol, Biden, Kyiv, Republican, Secret Service, Secret Locations: United States, Erie , Pennsylvania, Ukraine, Butler, Pa, Pennsylvania
Election Day is here, and over the next few hours more than 70 million Americans are expected to cast ballots in person. Voting has already begun along the East Coast. Former President Donald Trump is spending his day at his Mar-a-Lago resort in Palm Beach, Florida. For more state-by-state poll hours and voting information, click here. CNBC reporters are covering Election Day and night live from the floor of the New York Stock Exchange, our headquarters in Englewood Cliffs, New Jersey and bureaus around the world.
Persons: Donald Trump, Kamala Harris, NBC's Organizations: East Coast, Howard University, CNBC, New York Stock Exchange Locations: East, Lago, Palm Beach , Florida, Washington ,, Kentucky, Indiana, Englewood Cliffs , New Jersey
Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign town hall meeting in Lancaster, Pennsylvania, on Oct. 20, 2024. The filing was not telegraphed to investors beforehand and came as a surprise to traders not expecting it on Election Day, the very day the former president and Trump Media majority owner squares off against Vice President Kamala Harris. Trump Media, which trades under the ticker DJT, has seen volatile trading lately. Trump Media also reported about $2.6 million in revenue and a net loss of $363 million for the first nine months of 2024. Trump Media is continuing to "explore additional possibilities for growth."
Persons: Donald Trump, Donald Trump's, Kamala Harris, Devin Nunes, CNBC's Kevin Breuninger Organizations: Trump Media, Revenue, Company Locations: Lancaster , Pennsylvania
Republican presidential nominee and former U.S. President Donald Trump reacts at a rally in Las Vegas, Nevada, U.S. September 13, 2024. Shares of Trump Media & Technology rose on Election Day Tuesday, with traders betting a second Trump presidency would give the business prospects of the Truth Social operator a boost. Year to date, Trump Media, which is majority-owned by Trump, has nearly doubled. However, it has struggled recently, as Vice President Kamala Harris appeared to gain momentum heading into Election Day. Trump Media shares have seen huge retail trader inflows in the week's leading up to the election and has been the most-discussed stock on Reddit page WallStreetBets, which gained popularity during the GameStop fueled stock meme fad of 2021.
Persons: Donald Trump, Donald Trump's, Trump, Kamala Harris, Jay Woods, Woods, Harris, Kevin Breuninger, Alex Harring Organizations: Republican, Wall, Trump Media & Technology, Trump Media, Trump, Gamestop, Freedom Capital, CNBC, GameStop, NBC Locations: Las Vegas , Nevada, U.S
The closing day of the 2024 presidential campaign is underway, and CNBC is covering the final hours of the race live. Former President Donald Trump begins his day in Raleigh, North Carolina, before attending rallies in Reading, Pennsylvania and Pittsburgh, and finishing out the night in Grand Rapids, Michigan. Vice President Kamala Harris will also hold rallies in Reading and Pittsburgh, part of a four-stop barnstorm of Pennsylvania that will culminate in a massive rally and concert on the steps of the Philadelphia Art Museum. More than 75 million people have already voted in person early or by mail, according to NBC's early vote tracker. For more state by state poll hours and voting information, click here.
Persons: Donald Trump, Kamala Harris, NBC's Organizations: CNBC, Philadelphia Art Museum Locations: Raleigh , North Carolina, Reading , Pennsylvania, Pittsburgh, Grand Rapids , Michigan, Reading, Pennsylvania, Kentucky, Indiana
The Washington Post office in Washington, DC, US, on Thursday, June 27, 2024. The Republican's campaign on Thursday filed a Federal Election Commission complaint accusing The Washington Post of making "Illegal Corporate In-Kind Contributions" to Harris. "There is no evidence in the allegations of any coordination between the Post and the Harris campaign," said Briffault, who specializes in campaign finance regulation and political law. A spokesperson for the newspaper told CNBC, in a statement Friday, "As part of The Washington Post's regular social media marketing strategy, promoted posts across social media platforms reflect high-performing content across all verticals and subjects." Trump has repeatedly claimed on social media and at campaign rallies that the editorial move constitutes the "biggest media scandal in broadcast history."
Persons: Donald Trump, Kamala Harris, Harris, Donald J, Richard Briffault, Briffault, Trump Organizations: Washington Post, Washington, Trump, Democratic, Columbia Law, CNBC, United, FEC, The Washington, CBS Broadcasting, CBS Locations: Washington , DC, The
Trump Media was halted twice Thursday morning as shares rapidly dropped at the start of another volatile trading session. DJT stock was down nearly 14% when it was halted due to volatility for the second time at 10:04 a.m. The company, which is majority-owned by former President Donald Trump, had fallen more than 22% on Wednesday. The latest stock slide came after the Truth Social operator recovered from a major sell off in the weeks leading up to the 2024 presidential election.
Persons: Donald Trump Organizations: Trump Media
Shares of Trump Media dropped more than 22% Wednesday, pouring cold water on a remarkable rally that added billions of dollars to former President Donald Trump's on-paper net worth in the runup to the 2024 election. DJT stock, which closed at $51.51 per share on Tuesday, was trading under $40 around noon ET Wednesday. Trump, the Republican presidential nominee, owns nearly 57% of the company, according to recent regulatory filings. His stake as of midday Wednesday was worth around $4.5 billion, nearly $1.4 billion lower than where it stood Tuesday afternoon. Trump has vowed not to sell his shares.
Persons: Donald Trump's, Trump Organizations: Trump Media, Trump, Republican
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