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☆ Is the U.S. stock market too ‘concentrated’? Here’s what to know
▼ + stars: | 2024-07-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

David Paul Morris/Bloomberg via Getty ImagesThe U.S. stock market has become dominated by about a handful of companies in recent years. Some experts question whether that "concentrated" market puts investors at risk, though others think such fears are likely overblown. The so-called "Magnificent Seven" — Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — make up about 31% of the index, it said. Why stock concentration may not be a concernThe S&P 500 tracks stock prices of the 500 largest publicly traded companies. When there were big market crashes, they generally don't appear to have been associated with stock concentration, he added.

Persons: Jensen Huang, David Paul Morris, Morgan Stanley, Charlie Fitzgerald III, John Rekenthaler, Rekenthaler, Elroy Dimson, Paul Marsh, Mike Staunton, We've, Goldman Sachs, Fitzgerald, Moisand Fitzgerald Tamayo, Charlie Fitzgerald Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Bloomberg, Getty, Microsoft, Tesla, U.S, Finance, Morningstar, Big U.S, Goldman, Goldman Sachs Research Locations: Orlando , Florida, U.S, Switzerland, France, Australia, Germany, South Korea, United Kingdom, Taiwan, Canada

☆ Democrats fear replacement scenarios as much as keeping Biden
▼ + stars: | 2024-06-30 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +16 min

“It would be a Category 5 hurricane,” said one top Democratic official nervous about Biden considering what would happen if the president stepped aside. Biden campaign aides have spent the last couple of days pointing to metrics like some of their best grassroots fundraising days and a surge in job applications since Thursday. Biden is heading to the Camp David presidential retreat where he was expected to spend the rest of the weekend. Democratic operatives always like to mock headlines that describe them as “in disarray.” Now some tell CNN they worry they could end up in more disarray than ever. “President Biden is the nominee and he’s going to remain the nominee,” said Cutter, who is on contract to produce the convention.

Persons: Washington CNN — They’re, They’re, haven’t, Joe Biden’s, Gretchen Whitmer’s, Biden, Kamala Harris, ”, “, we’re, Joe Biden, Jill Biden, Natalie, Finnegan, Camp David, Mandel Ngan, J.B . Pritzker, Andy Beshear, Gavin Newsom, Arizona Sen, Mark Kelly, Georgia Sen, Raphael Warnock, Pete Buttigieg, Josh Shapiro, Wes Moore, Harris, Doug Emhoff, Whitmer, Beshear, Rob Reiner, Jane Fonda, Barack Obama, Hakeem Jeffries, Jeffries, ” Biden, Alexandria Ocasio, Cortez, Gov, Geoff Duncan, CNN “, Donald Trump, Donna Brazile, Stephanie Cutter, Hillary Clinton’s, Cutter, Phil Murphy, Still, ” Murphy, “ That’s, ‘, hadn’t, he’s, ” Harris, Obama, Hillary Clinton, ’, Rob Flaherty, –, president’s “ I’m, I’ve, Minyon Moore, Tina Flournoy, Brazile, Kamala, Scott Olson, it’s, Robert Garcia Organizations: Washington CNN, Michigan Gov, Democratic, Biden, Black, Trump, CBS, Air Force, McGuire Air Force Base, Camp, Getty, Democrat, White, Harris , Illinois Gov, Kentucky Gov, Maryland Gov, Pritzker, House Democrats, GOP, CNN, Democratic National Committee, New, New Jersey Gov, Democratic Party, Convention, United Center, Hamptons Locations: ”, Burlington , New Jersey, AFP, New York City, Harris , Illinois, Whitmer, Kentucky, California, Arizona, Pennsylvania, Los Angeles, America, Alexandria, Georgia, New Jersey, Chicago

☆ Democrats are freaking out after Biden's debate performance
▼ + stars: | 2024-06-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Read previewPresident Joe Biden wanted the earliest major presidential debate in history. Biden turned in a performance so disastrous that prominent Democrats are questioning if the president can even go on. Advertisement"It was a really disappointing debate performance from Joe Biden," Kate Beddingfield, Biden's former White House communications direction, said shortly after Axelrod. I loved Joe Biden, I worked for Joe Biden," Jones said. Related storiesOne former White House aide told Politico that Biden's performance was "terrible."

Persons: —, Joe Biden, Biden, Obama White, David Axelrod, Axelrod, Biden's, Kate Beddingfield, Van Jones, Jones, Kamala Harris, Harris, Anderson Cooper, Donald Trump, Robert Hur, Michael Hardaway, Hakeem Jeffries, — Michael Hardaway, Quentin James, James, Andrew Yang, it's, Eugene Daniels, wasn't, Biden relishes, Hur, Obama didn't, Obama's, David Plouffe Organizations: Service, Fox News, Obama, CNN, Business, White House, Major, Trump, White, Politico, Union, Collective PAC, New York Times, Times, Democratic, Georgia Tech's Locations: Iowa, Georgia

☆ On MSNBC, the mood turns somber following Biden’s debate performance
▼ + stars: | 2024-06-28 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

“It’s kind of a DEFCON 1 moment,” David Plouffe, former President Barack Obama’s campaign manager, told MSNBC star Rachel Maddow following the debate. The people who were texting with me were very concerned about President Biden seeming extremely feeble, seeming extremely weak,” Reid said. And while MSNBC’s hosts pointed to the flood of lies from Trump during Thursday night’s debate, the conversation continually returned to Biden’s performance. “President Biden is a good man who capped a long career in public service with a successful presidential term. “Predictably, Biden’s poor performance led to some chatter about his stepping down and letting someone else be the nominee.

Persons: CNN —, Alex Wagner, ” Wagner, Donald Trump, Joe Biden, Joe Biden’s, Trump, ” David Plouffe, Barack Obama’s, Rachel Maddow, Joy Reid, Biden, “, ” Reid, ”, Nicolle Wallace, ” Wallace, Chris Hayes, Nicholas Kristof, “ Joe Biden, —, ” David Corn, Mother Jones, ” Mehdi Hasan, ” Hasan, Symone Sanders Organizations: CNN, MSNBC, Democratic, Fox News, Republican, Trump, ” New York Times, Biden Locations: Atlanta, America

☆ What to know about the economy ahead of the presidential debate
▼ + stars: | 2024-06-26 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

That’s because the economy has consistently ranked among the top — if not the very top — voter issues in presidential election after presidential election. Unemployment: Low, but with warning signs aheadThe nation’s unemployment rate stayed below 4% for 27 months, its longest such streak and a match for a period in the 1960s. That streak ended last month, when the unemployment rate rose to 4% from 3.9%. That means job seekers might find it harder to get hired. The number of job openings in the US economy recently fell to a three-year low.

Persons: Bill Clinton’s, Joe Biden, Donald Trump, David Paul Morris, Joe Raedle, they’ve, Frederic J . Brown Organizations: New, New York CNN, ABC, CNN, Bloomberg, Getty, of Labor Statistics, Target, Walmart Locations: New York, AFP

☆ McDonald's has a value perception problem, says Evercore's David Palmer
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's has a value perception problem, says Evercore's David PalmerDavid Palmer, Evercore ISI analyst, joins 'Squawk on the Street' to discuss McDonald's as the company rolls out a $5 value meal from today, the state of the fast food industry, and more.

Persons: Evercore's David Palmer David Palmer

☆ Julian Assange ends stalemate with US, exchanging guilty plea to felony charge for his freedom
▼ + stars: | 2024-06-25 | by ( Lauren Said-Moorhouse | Thomas Manglona | ) edition.cnn.com time to read: +15 min

Leon Neal/AFP/Getty Images Assange addresses the Oxford Union Society from the Ecuadorian Embassy in January 2013. David Paul Morris/Bloomberg/Getty Images Assange attends a news conference inside the Ecuadorian Embassy in London in August 2014. FABRICE COFFRINI/AFP/Getty Images Assange, on the balcony of the Ecuadorian Embassy, holds up a United Nations report in February 2016. Carl Court/Getty Images Assange speaks to the media in May 2017, after Swedish prosecutors had dropped their investigation of rape allegations against Assange. Jack Taylor/Getty Images Assange was seen for the first time in months during a hearing via teleconference in Quito, Ecuador, in October 2018.

Persons: Julian Assange, “, ” Assange, Assange, Kim Hong, Ramona Manglona, Chelsea Manning, Jack Taylor, LEON NEAL, BERTIL ERICSON, FABRICE COFFRINI, Carl Court, Geoff Caddick, Oli Scarff, CARL COURT, Leon Neal, Philip Toscano, Ricardo Patino, Frank Augstein, David Paul Morris, John Stillwell, Mike, Pompeo, Maria Sol Borja, Alastair Grant, Daniel Leal, Elizabeth Cook, Anthony Albanese, Joe Biden, ASSANGE, Adrienne Watson, Stella, ”, Gabriel Shipton, he’s, hasn’t, Julian, –, ” Shipton Organizations: Northern Mariana Islands CNN, Northern, Northern Mariana Islands . Justice Department, WikiLeaks, United States, Reuters, Army, Metropolitan Police, US Justice Department, British, Justice Department, Guardian, Getty, Swedish Trade Union Confederation, St, Paul's, Court, Ecuadorian Embassy, Oxford Union Society, Ecuadorian Foreign, Southwest Festival, Bloomberg, United Nations Human Rights, United, United Nations, CIA, CNN, Ecuadorian, Ecuador, Southwark Crown, White, Sweden, National Security, Department of Justice, BBC Radio Locations: Saipan, Northern Mariana, London, United Kingdom, Hawaii, Northern Mariana Islands, Australia, United States, Iraq, Afghanistan, Sweden, Ecuadorian, Ecuador, Westminster, AFP, Stockholm, Geneva, Switzerland, Austin , Texas, United Nations, Quito, Southwark, Baghdad, Guantanamo Bay

☆ Russia and North Korea’s Defense Pact Is a New Headache for China
▼ + stars: | 2024-06-20 | by ( David Pierson | Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

In the contest of global narratives, China has sought to cast itself as a peaceful nation opposed to dividing the world into rival camps. In contrast, it has accused the United States of building alliances that will drive the world toward a new Cold War. Yet Russia and North Korea’s mutual defense treaty, which calls for the two countries to provide immediate military assistance to each other in the event of war, is exactly the kind of bloc-building that China has charged the United States with. China’s closest strategic partner and its only treaty ally — Russia and North Korea — are now the ones heightening the risk of Cold War-style confrontation in northeast Asia. The pact also creates more headaches for Beijing by appearing to deepen the semblance of a trilateral axis between China, Russia and North Korea, which China has sought to avoid.

Persons: —, ”, Yun Sun Organizations: “, Stimson Locations: China, United States, Russia, North, — Russia, North Korea, Asia, Beijing, “ Beijing, Washington

☆ Casual dining has held up pretty well despite fast food's struggles, says Evercore's David Palmer
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCasual dining has held up pretty well despite fast food's struggles, says Evercore's David PalmerDavid Palmer, Evercore ISI senior managing director, joins 'Squawk on the Street' to discuss if the consumer is beginning to fold in some areas, cohorts beginning to show momentum in spending, and if value menus and promotional deals will help McDonald's and Starbucks.

Persons: Evercore's David Palmer David Palmer Organizations: Starbucks

☆ A year after the Titan tragedy, a sub is planning to go back to the Titanic to make a point
▼ + stars: | 2024-06-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

With OceanGate closed for business, the market for Titanic sub tourism appeared to slam shut. One leading sub operator, eager to demonstrate that the Titan sub failed to live up to the industry standards that can make trips to the ocean floor relatively safe, is already planning its own journey to the wreckage of the Titanic, where Titan was headed before it collapsed. But in its pursuit of “increasing access to the deep ocean through innovation,” OceanGate frequently skirted regulations and pushed back against industry standards. 2) OceanGate’s sub designs were so experimental, no other commercial sub operation would ever replicate them. “The deep ocean is no place for compromise,” Triton said in its statement.

Persons: ”, Larry Connor, ” Connor, Stockton Rush, ” Rush, David Pogue, “, don’t, Don’t, OceanGate, Ray Dalio, James Cameron, —, ” Triton, Lukas Furtenbach, Philippe Brown, Brown, ” Brown Organizations: New, New York CNN, Titanic, Triton, Wall Street, WSJ, CNN, Stockton, “, Triton Submarines, American Bureau of Shipping, Furtenbach Locations: New York, Austria, Hudson

☆ Andy Sieg Could Be Citi's Next CEO If He Can Fix a Broken Wealth Business
▼ + stars: | 2024-06-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

Andy Sieg shocked the finance industry last spring when he left Merrill Wealth Management. AdvertisementBank of America analyst Ebrahim Poonawala recently argued that Citi should consider selling the wealth business if it cannot improve its profitability. AdvertisementWhile Sieg has told Citi managing directors to manage up less, a former Merrill executive who worked under him said Sieg was adept at it. Former Citi managing directorAdvertisementVahid's position will be taken by Kris Bitterly, the global head of investment products, in September. Mirroring tactics that supercharged Merrill, Sieg has changed Citi Wealth's compensation scheme to prioritize asset gathering, to the consternation of several employees.

Persons: Andy Sieg, Kevin Crain, Sieg, Crain, Jane Fraser, Fraser, Morgan Stanley, Merrill, Smith Barney, Ebrahim Poonawala, Wells, Mike Mayo, Brian Moynihan, Alex Wong, Moynihan, Fraser isn't, Mayo, anoint, Jamie Dimon, Jennifer Piepszak, Marianne Lake, Viswas Raghavan, Jane, He'd, George H, Bush, Bill Schreyer, Merrill Lynch, Dave Komansky, David Komansky, YOSHIKAZU TSUNO, Phil, Doug, Lord Abbett, David Poole, Citi's, there's, That's, Poole, Glenn Schorr, Jim O'Donnell, O'Donnell, Sieg's, Andy Sieg's, Naz Vahid, David Bailin, Bailin, Naz, Phil Waxelbaum, Vahid, Kris, Don Plaus, Keith Glenfield, Dawn Nordberg, Edward Jones, They're, Ernst & Young, he's Organizations: Merrill Wealth Management, Business, Citi, Bank of America, Morgan, BI, Merrill, Bank, Citigroup, JPMorgan, Harvard, Penn State, JPMorgan Advisors, United Arab, Citi . Citi, Work, Citi lifer, Former Citi, North, Citi Alliance, Citi Wealth, Bloomberg, Ernst &, Citizens Bank Locations: Sieg, Wells Fargo, Merrill, Bellefonte , Pennsylvania, Poole, Singapore, United Arab Emirates, Mexico, London, Aventura , Florida, Asia, Manhattan, North America

☆ Here's why car payments are so high right now
▼ + stars: | 2024-06-17 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

In the first quarter, 23% of customers with trade-ins had negative equity of more than $6,167 on average, according to Edmunds. It is not uncommon for car owners to have a bit of negative equity on a vehicle when they trade it in. About one-third of trade-ins carried negative equity prior to the pandemic. It is the amount of negative equity that is concerning, says Edmunds Senior Director of Insights Ivan Drury. The rate for a trade-in with negative equity was $887, at a rate of 8.1%, for nearly 76 months.

Persons: Edmunds, Ivan Drury ., Drury, You've, David Paul Morris Organizations: Ivan Drury . Trading, Ford, Bloomberg, Getty Locations: Edmunds, Colma , California

☆ Father’s Day: 4 pop culture dads worse than you
▼ + stars: | 2024-06-16 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —Whether you’re a new or seasoned father, the anxieties of raising children can pop up anywhere, anytime. “Also, just every dad I spoke to was like, ‘I’m worried that I’m gonna roughhouse too hard (and) they’ll get hurt,’” Boozan said. And “as a comedy writer, I’m biased, but I’m a big proponent of laughter as medicine. “That’s a great example of a workaholic dad who thinks that amassing a trove of riches in order to pass that along to your child is the way of being a good dad,” Boozan said. “The best thing my dad ever did … is he was a chill dad,” Boozan said.

Persons: I’m, Glenn Boozan, ”, Priscilla Witte, Thanos, Jack Torrance, Stephen King’s “, Boozan, “ I’m, “, ‘ I’m, they’ll, ’ ” Boozan, ’, ” Boozan, Walter ‘ Heisenberg, White Walter White, Bryan Cranston, Walter White Jr, ” Ursula Coyote, Walter White’s, White, Wayne Szalinski Wayne Szalinski, Rick Moranis, Diane, Marcia Strassman, Nick, Wayne Szalinski, Darth Vader Luke Skywalker, Mark Hamill, Darth Vader, David Prowse, James Earl Jones, ” Albert Clarke, ’ ”, Midas, Walter Crane, King Midas ’, Rich, “ Midas, “ That’s Organizations: CNN, Marvel, RJ, Lucasfilm, Century Fox, Star Locations: RJ Mitte, Wayne’s

☆ When I quit my job, the CFO came to my house and kissed me. We've now been married for over 25 years.
▼ + stars: | 2024-06-15 | by ( Pauline Milner | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. When I worked as an insurance agent for a brokerage, David was the CFO. A knock at the door changed everythingI liked my job, but I knew a good deal when I saw it. As he reached the door, David turned around, and his car keys slipped out of his hand.

Persons: —, David, we've, We've Organizations: Service, Business

☆ Here are 9 stocks that can benefit from Fed interest rate cuts
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Housing We see Stanley Black & Decker as a major beneficiary of Fed rate cuts due to its link to the housing market. On the one hand, lower rates mean a bank like Wells Fargo makes less money on the money it lends. Biotech Danaher should also see some benefit as lower rates lead to improved funding dynamics for biotech companies. Like in housing, monthly payments become far more manageable at lower rates, and therefore affordability and demand, stand to increase. Salesforce , which has also highlighted more measured deal activity, might not benefit as much from lower rates.

Persons: Jerome Powell, Stanley Black, Decker, Stanley, That's, Wells, Morgan Stanley, SVB, Ford, We're, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nasdaq, CNBC, Fed, Biotech, Silicon Valley Bank, Ford, Palo, Networks, Microsoft, Jim Cramer's Charitable, Bloomberg, Getty Locations: Wells, Wells Fargo, Silicon Valley, Colma , California

☆ Judge who oversaw Trump hush money trial flags post on the court’s webpage claiming to know the verdict before it came down
▼ + stars: | 2024-06-07 | by ( Elizabeth Hartfield | ) edition.cnn.com time to read: +2 min

“My cousin is a juror and says Trump is getting convicted Thank you folks for all your hard work!!! It is not clear if there is any validity to the post. A search of the poster’s Facebook page showed the poster described themself as “a professional sh*t poster,” among other things. “As appropriate, the Court informed the parties once it learned of this online content,” Al Baker, a spokesperson for the court, said. The requested testimonies and instructions were read back to them the next morning.

Persons: Donald, Trump, “, Juan Merchan, ” Al Baker, Merchan, Elie Honig, ” Honig, Honig, David Pecker, Michael Cohen Organizations: CNN, New York, Unified, Systems, Facebook Locations: New York, Manhattan, York, rehear

☆ Young job seekers are finding it tougher to find employment, despite a bustling labor market: 'It was brutal'
▼ + stars: | 2024-06-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +9 min

Larock's experience comes at a time when, at least on the surface, the jobs market has continued to glide along. But worries are growing that the labor market is beginning to show cracks. Welcome to the good news-bad news labor market, where the collective experience is positive but not as much for individuals in particular groups. "But the bad news is that new entrants to the labor market are faring less well," Peng added. While Peng characterized the jobs market as "strong overall," she said there are "soft soft spots" that are particularly hitting "new entrants to the workforce."

Persons: Samantha McCloud, Victoria Garcia, Jessel Rincon, Irfan Khan, Julianna Larock, Larock, Jacqueline Novogratz, Michael Novogratz, Julianna LaRock, nonfarm, It's, Goldman Sachs, Elsie Peng, Peng, Molly Huang, it's, Huang, David Pakula, Cory Stahle, Joanie Bily, Bily, grads, Ethan Mariano, Mariano Organizations: Temple City High School, Los Angeles Times, Investment Partners, University of Delaware, Fordham, Bureau of Labor Statistics, Goldman, Penn State University, Vanguard, Gettysburg College, American University, State Department Locations: Temple City , CA, Wilmington , Delaware, New York City, New York, Horsham , Pennsylvania, U.S, Washington ,, Hazleton , Pennsylvania

☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
▼ + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +12 min

Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X

Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York

☆ AMD announces new AI chips amid intensifying competition with Nvidia, Intel
▼ + stars: | 2024-06-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products. Photographer: David Paul Morris/Bloomberg via Getty ImagesAMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel . During a keynote address, Su unveiled the Ryzen AI 300 series for next-generation AI laptops. And in partnership with Microsoft , these chips will power laptops equipped with the tech giant's AI chatbot Copilot. This comes less than two months after AMD's April announcement of new processors that can run AI workloads – the Ryzen Pro 8040 for laptops and the Ryzen Pro 8000 for desktops.

Persons: Lisa Su, David Paul Morris, Su, chatbot, workloads Organizations: Devices Inc, AMD, Bloomberg, Getty, Monday, Nvidia, Intel, Qualcomm, Microsoft Locations: San Jose , California, Taipei

☆ Recapping the Trump hush money charges, trial, verdict and questions
▼ + stars: | 2024-06-01 | by ( Dan Berman | ) edition.cnn.com time to read: +7 min

The indictment alleged that Trump was a part of an illegal conspiracy to undermine the integrity of the 2016 election. While hush money payments are not illegal in themselves, each charge was tied to a specific allegedly false entry among the financial records of the Trump Organization. Trump has argued that the payments to Michael Cohen, his former fixer who paid Daniels, were correctly labeled as legal expenses. Trump railed against the gag order every day during the trial and again on May 31 when he spoke at Trump Tower the day after the verdict. And the Georgia election interference case is in legal limbo while Trump and several of his co-defendants try to disqualify the Atlanta-area prosecutor who brought the charges.

Persons: Donald Trump, Stormy Daniels, Trump, what’s, Attorney Alvin Bragg, Michael Cohen, Daniels, Cohen, David Pecker, Karen, Pecker, perjurer, Cohen couldn’t, Juan Merchan, Merchan, Trump’s, CNN’s Zachary B, Wolf, Devan Cole, CNN’s Kara Scannell, Lauren del Valle, Jeremy Herb, Zachary B Organizations: CNN, Trump, White, Manhattan, Attorney, Trump Organization, fixer, Prosecutors, National Enquirer, Trump Tower, Division, Department, New, US Locations: New York, Washington ,, Florida, Georgia, Atlanta

Read previewFormer President Donald Trump's historic conviction on Thursday may have been in part due to mistakes made by his defense team, including not having him take the stand, legal experts told Business Insider. Though the conclusion of the case was significant, three legal experts told BI the verdict wasn't a major shock. AdvertisementHe pointed to opening statements made by Trump's lawyer, Todd Blanche, that Rahmani thought suggested an accountant would testify and serve as a fall guy. AdvertisementNot long before resting their case, the defense told the judge they were still weighing having Trump testify. Some legal experts previous said testifying would not be a good idea for Trump, with concerns that he could end up committing perjury.

Persons: —, Donald Trump's, Trump, Stormy Daniels, Alex Reinert, Eric Anderson, Sullivan Wright Gizer, McRae, Donald Trump, Daniels, Neama, Todd Blanche, Michael Cohen, Trump's, Rahmani, David Pecker, Anderson, Cohen, hadn't, It's, Merchan, Biden Organizations: Service, New, Business, Cardozo School of Law, McRae LLP, West, Trial, National Enquirer, Trump Locations: New York

But in closing arguments, one of Mr. Bragg’s prosecutors said that Mr. Cohen had told his lies for Mr. Trump. After the election, Mr. Pecker testified, Mr. Trump summoned him to Trump Tower. The ShowdownEven that did not prove that Mr. Trump had falsified records to disguise his reimbursement of Mr. Cohen. Mr. Trump washed his hands of Mr. Cohen, who turned on the man he had once idolized. Mr. Blanche also argued that Mr. Cohen had profited from his hatred for Mr. Trump with two books and a lucrative podcast deal.

Persons: Donald J, Trump, Juan M, Merchan, anoints, Alvin L, Bragg, Trump’s, Stormy Daniels, Michael D, Cohen, Eduardo Munoz, Daniels, Mr, Michael Cohen, ”, Joshua Steinglass, Cohen “, ” Mr, glowered, Mike Johnson, Biden, “, Donald Trump, Dave Sanders, Biden’s, Todd Blanche, Blanche, Todd Heisler, David Pecker, Pecker, nonchalantly, Hope Hicks, Hicks, Ms, The New York Times “, Justice Merchan, “ You’re, ” Ms, Allen H, Weisselberg, Susan Hoffinger, Cohen’s, Joe Piscopo, giddily, Hoffinger, Jean Carroll, Bragg’s, Wesley Parnell, Michael Rothfeld Organizations: White, Republican, Convention, Office, Reuters, Mr, Credit, The New York Times, Democratic, New York Times, National Enquirer, Trump, Playboy, Street Journal, New, Hells Angels Locations: American, Manhattan —, Lower Manhattan, —, Florida, Washington, Georgia, New York, Manhattan, Trump’s Midtown Manhattan, Tahoe, Nev, America

☆ Fox News and right-wing media have already decided the Trump trial verdict
▼ + stars: | 2024-05-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —The jury might still be deliberating, but Donald Trump’s media allies have already delivered a verdict to their audiencesThroughout the duration of the Manhattan hush-money trial, Fox News and the rest of MAGA Media have set the stage to absolve Trump in the historic case. Inside this alternate media universe, the actual facts of the case never penetrate the bubble that shields its audiences from detrimental developments for Trump. In the Republican Party, voters absorb their information from outlets like Fox News, which has dishonestly run defense for Trump over the course of the trial. And the study only accounted for Fox News, not the host of other entities that make up the right-wing media universe. It can be tempting to ignore the torrent of attacks Trump’s media allies are launching in their unrelenting efforts to undermine the case.

Persons: Donald Trump’s, Trump, Sean Hannity, Laura Ingraham, Steve Bannon, Joe Biden, nefariously, ”, Biden, Trump’s, it’s, Michael Cohen, David Pecker, “, Judge Juan Merchan, Attorney Alvin Bragg, Jesse Watters, Merchan, — Organizations: New York CNN, Fox News, MAGA Media, Trump, GOP, National Enquirer, Republican Party, Fox, Manhattan, Attorney, Media Matters Locations: New York, Manhattan

☆ Trump Jurors to Review Evidence as They Consider a Verdict in His Trial
▼ + stars: | 2024-05-30 | by ( Jesse Mckinley | ) www.nytimes.com time to read: +1 min

The first day of deliberation in the criminal trial of Donald Trump ended without a verdict, and so the jury will get back to work Thursday morning. The panel — seven men and five women, all from Manhattan, where the trial is set — went behind closed doors just before noon on Wednesday after a more-than-six-week trial, the first criminal prosecution of an American president. In midafternoon, the jurors asked to hear again portions of testimony by David Pecker, the former publisher of The National Enquirer, who prosecutors say was part of a conspiracy to suppress unflattering stories on Mr. Trump’s behalf during the 2016 election. Another jury request related to testimony by Michael D. Cohen, Mr. Trump’s former lawyer and fixer, who became a crucial witness for the prosecution. Through testimony and dozens of exhibits, prosecutors portrayed Mr. Trump as a man — and presidential candidate — desperate to keep the account of an extramarital tryst out of the public eye in 2016.

Persons: Donald Trump, —, David Pecker, Trump’s, Michael D, Cohen, Trump Organizations: National Enquirer Locations: Manhattan

☆ Trump's jury asked to re-hear the judge's 'rain metaphor' instruction — here's what that might mean
▼ + stars: | 2024-05-30 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewThe jury in Donald Trump's criminal hush-money trial had a specific request before starting deliberations on Thursday — they asked to hear again what they described in a note as the judge's "rain metaphor" instruction. It advises a jury that they can infer that it's raining — by seeing someone's wet umbrella, for example — even if they don't see the rain themselves. The "rain metaphor," as the jury note called it, is often used by judges in jury instructions. AdvertisementOn Wednesday afternoon, they asked for the judge to read back roughly a half-hour of testimony. After the judge completed his recitation of the jury instructions, two of the court stenographers re-read portions of the testimony.

Persons: —, Donald Trump's, Juan Merchan, Merchan, scribbled, Trump, Stormy Daniels, Daniels, Donald Trump, MARK PETERSON, Getty Images Trump, Michael Cohen, stenographers, David Pecker Organizations: Service, Business, New, Trump, Getty Images, Election, National Enquirer Locations: raincoats

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