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CNN —The dramatic dismissal of the involuntary manslaughter case against actor Alec Baldwin over withheld evidence could mean the release of convicted “Rust” movie armorer Hannah Gutierrez Reed from a New Mexico state prison, legal experts say. But the Baldwin case imploded on Friday – just two days after the trial began – with the sudden and shocking twists and turns of a nail-biting legal thriller. “I fully expect Hannah Gutierrez Reed to make the same argument for her conviction to be overturned,” Neama Rahmani, a former federal prosecutor, told CNN. Her ruling regarding the failure to disclose the ammunition should carry significant weight in the Gutierrez Reed case, CNN legal analyst Joey Jackson said. Hannah Gutierrez Reed will go free as well.
Persons: Alec Baldwin, “ Rust, armorer Hannah Gutierrez Reed, Hannah Gutierrez Reed, Halyna Hutchins, Baldwin, Alec Baldwin’s, Hannah Gutierrez, , Duncan Levin, Gutierrez Reed’s, , Neama, wasn’t, exonerates Gutierrez Reed, Troy Teske, Marissa Poppell, Poppell, Brady, Mary Marlowe Sommer, ” Marlowe Sommer, “ Hunt, , Hilaria, Hutchins, Joel Souza, Jason Bowles, Hannah’s, ” Bowles, Sommer, Gutierrez Reed, Joey Jackson, ” Jackson, don’t, It’s, Alec Baldwin who’s, ” CNN’s John Campbell, Cheri Mossberg, Julia Vargas Jones, Jack Hannah, Eric Levenson Organizations: CNN, Cornell Law School Locations: New Mexico, York, Santa Fe, . Maryland
How Janet Yellen Became an Unlikely Culinary Diplomat
  + stars: | 2024-07-13 | by ( Alan Rappeport | ) www.nytimes.com   time to read: +1 min
There was mayonnaise mixed with ants at a gastronomic taqueria in Mexico City. The garlic at a Persian restaurant in Frankfurt was aged 25 years. And, yes, the magic mushrooms in Beijing were hallucinogenic. “It’s not like it’s a scheme to conduct some sort of diplomacy,” Ms. Yellen, 77, said during an interview in June over scrambled eggs with onions and home fries at Sarge’s Delicatessen and Diner in New York City. The intrigue has been a surprising twist in the tenure of Ms. Yellen, an economist and former Federal Reserve chair, who unlike most previous Treasury secretaries prizes mixing in cultural experiences with the grind of government travel.
Persons: Anthony Bourdain, Janet L, It’s, Ms, Yellen Organizations: Federal Reserve Locations: Mexico City, Frankfurt, Beijing, Russian, New York City
The June CPI report will show a continued drop in inflation, according to Fundstrat's Tom Lee. Lee expects a soft June CPI report will push the Fed to cut rates more than two times this year. "It's going to be a week of reckoning, and I mean a reckoning of how people view inflation and the state of the economy." Lee is also bullish on small-cap stocks, which have badly lagged the broader stock market rally so far this year. AdvertisementJPMorgan's trading desk also expects a light June CPI report will boost stock prices.
Persons: Tom Lee, Lee, , it's, What's, JPMorgan's Andrew Tyler Organizations: Service, Federal Reserve, CPI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoger Ferguson on June jobs report: Not the 'all-clear' number for a Fed rate cut in SeptemberFormer Federal Reserve Vice Chairman Roger Ferguson joins 'Squawk Box' to break down the June jobs report, impact on the Fed's rate path outlook, and more.
Persons: Roger Ferguson Organizations: Federal
AI-generated so-called deepfakes are only exacerbating the problem and making it easier than ever to spread disinformation and misinformation via social media. Social media companies are protected from civil liability under a US lawSocial media has largely gone unregulated since its birth nearly three decades ago. So what's been the struggle for the government to address the issue of disinformation and misinformation on social media head-on? Related storiesMcQuade proposed amending Section 230 in order to hold social media companies accountable under certain circumstances. Major social media companies have their own misinformation policiesMany major social media companies, including Meta, TikTok and X, have their own policies when it comes to tackling misinformation and disinformation.
Persons: , Barbara McQuade, McQuade, we've, what's, Gautaum Hans, Hans, there's, Donald Trump, Joe Biden, Biden, We've, abetted, Meta, Taylor Swift, Elon Musk Organizations: Service, United, Business, University of Michigan, US Department of Homeland Security, ABC News, Social, Communications, Big Tech, Cornell University, Republican, Democratic, US, Twitter, Google, Meta, Elon
However, we have a growing problem: Our unsung American heroes are worn out — and some are even leaving the disaster response workforce. Estimates of the depression rate among disaster response and rescue workers are as high as 53%, according to the National Center for PTSD. As citizens, we have a duty to conserve our vital and limited public safety resources, such as emergency management personnel. By minimizing non-essential requests, we enable our disaster responders to more swiftly and effectively act during ongoing crises. On our worst days, we need disaster responders at their best.
Persons: Pete Gaynor, I’ve, Pete Gaynor Pete Gaynor, We’ve, ” Pete Gaynor, Hurricane Florence, Andrew Caballero Organizations: Federal Emergency Management Agency, FEMA, Department of Homeland Security, Hill International, CNN, Government, Office, GAO, National Center, Emergency Management, Missouri, Reynoolds, Getty, National Centers for Environmental, Twitter, Facebook Locations: Paradise , California, Hurricane, Lealand , North Carolina, AFP
Read previewRudy Giuliani, the man once heralded as "America's Mayor" and a former federal prosecutor who made his name going after the mob, has been disbarred in his home state of New York. A New York appeals court ruled Tuesday that Giuliani, who served as a personal lawyer to former President Donald Trump, be disbarred "effective immediately" over his efforts to boost Trump's baseless 2020 election-fraud claims. Ted Goodman, a spokesperson for Giuliani, criticized the disbarment ruling in a statement to Politico and said Giuliani would appeal. AdvertisementGiuliani is facing criminal charges in Arizona and Georgia related to efforts to overturn the 2020 election results. Giuliani filed for Chapter 11 bankruptcy last year in New York days after he was ordered by a federal jury to pay $148 million to two Georgia election workers he defamed.
Persons: , Rudy Giuliani, Giuliani, Donald Trump, Donald J, Trump, Trump's, flagrantly, baselessly, Ted Goodman, Goodman Organizations: Service, Business, United, Politico Locations: New York, York, State, New York City, Arizona, Georgia
Read previewIn her dissenting opinion to the Supreme Court's ruling on presidential immunity, Justice Sonia Sotomayor said that the conservative majority had enabled presidents to assassinate political rivals without fear of criminal prosecution. Related stories"When he uses his official powers in any way, under the majority's reasoning, he now will be insulated from criminal prosecution," Sotomayor wrote. Immune, immune, immune." Trump's lawyers had argued that he was immune from criminal prosecution over those efforts because they fell within the scope of his official duties. AdvertisementFormer federal prosecutor Neama Rahmani disagreed with Sotomayer, saying that there would be no presidential immunity for extreme circumstances like ordering the assassination of a political rival.
Persons: , Sonia Sotomayor, Sotomayor, Elena Kagan, Ketanji Brown Jackson, Donald Trump, Neama Rahmani, Sotomayer Organizations: Service, Business, Trump, Justice Department, Trump electors
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Most, if not all, of that conduct would fall on the 'presumptively-official' side of the line," said Michel Paradis, an attorney who teaches national security and constitutional law at Columbia Law School. AdvertisementUnder Monday's decision, "courts may not inquire into the President's motives" in deciding if a presidential act is official or unofficial. "And this opinion, more than any other in the Supreme Court's history, gives the president king-like powers," Sloan added. "Everybody was horrified" when Trump's lawyer first raised immunity in that circumstance as a possible consequence, Sloan said.
Persons: , Richard Nixon, — Nixon, Michel Paradis, Paradis, Trump, Trump's, Rudy Giuliani, Neama Rahmani, Rahmani, Cliff Sloan, Sloan, Sonya Sotomayor Organizations: Service, FBI, CIA, Business, Columbia Law School, Department of Education, Environmental Protection Agency, Biden, Trump, West, Georgetown Law, Supreme Locations: Independence
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFerguson: A positive PCE report could be meaningful for the FOMC this time aroundRoger Ferguson, former Fed vice chairman and past president & CEO of TIAA, discusses what to expect from today's PCE data, and what slowing inflation could mean for potential rate cuts this year and next.
Persons: Ferguson, Roger Ferguson Organizations: PCE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed seems very much stuck in a backward-looking data-dependent mode, says former Fed economistClaudia Sahm, New Century Advisors chief economist and former Federal Reserve economist, joins 'Squawk on the Street' to discuss economic data, outlook on the Fed, and more.
Persons: Claudia Sahm Organizations: Claudia Sahm , New Century Advisors, Federal Reserve Locations: Claudia Sahm ,
Spears’ father, Jamie Spears, served as the singer’s conservator for most of its 13-year duration, overseeing his adult daughter’s finances and medical decisions. Within two months of working with Rosengart, the court suspended Spears’ father as her conservator, and then ultimately terminated the conservatorship less than two months later. When Rosengart was hired in July 2021, Spears posted to her Instagram: “Now with real representation today … I feel GRATITUDE and BLESSED ! Throughout Spears’ legal battle, many accusations were made against her father in legal filings pertaining to financial misuse and abusing his role as conservator. “As she desired, her freedom now includes that she will no longer need to attend or be involved with court in this matter,” Rosengart told CNN, in April.
Persons: CNN — Mathew Rosengart, Britney Spears, Spears, Rosengart, Greenberg Traurig, , ” Rosengart, Rosengart –, , Jamie Spears, Mathew Rosengart, Chelsea Guglielmino, ” “, It’s, ” Spears, Sean Penn, Steven Spielberg, , Elton John, Sam Asghari, Alex Weingarten, Jamie, father’s Organizations: CNN, Spears, Chelsea, Rosengart, Hollywood, , will.i.am, Locations: Los Angeles
Read previewThe Federal Reserve's reluctance to lower interest rates in the near term is a risky gamble that could drive the US towards a recession, Claudia Sahm told CNBC. "But it's a real risk, and I do not understand why the Fed is pushing that risk. At current readings, that likely means just one rate cut in 2024, the Fed said. For this reason, Sahm told CNBC that the Fed should start a gradual cutting cycle now, and take the economy off a path that could require more severe action if not addressed. Markets, meanwhile, remain convinced that the Fed will follow with more than just one cut.
Persons: , Claudia Sahm, I'm, Sahm, Mohamed El Organizations: Service, CNBC, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Fed Governor Tarullo: Fed Chair Powell did his best to preserve some optionality for the FOMCDaniel Tarullo, Harvard Law School professor and former Federal Reserve Governor, joins 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, rate path outlook, and more.
Persons: Tarullo, Powell, Daniel Tarullo Organizations: Former, Harvard Law School, Federal Reserve
Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the rest of the economy. In a CNBC interview, Yellen also noted that high interest rates are adding to the burden as the U.S. manages its massive $34.7 trillion debt load. "The way I look at it is that we should be looking at the real interest cost of the debt. The public share of the national debt as a share of GDP is running at about 97% but is expected to soon top 100% at current spending rates. "Americans are clearly very concerned about the cost of living, and dressing the high cost of living remains a top economic priority for the president," Yellen said at a luncheon with the Economic Club of New York.
Persons: Janet Yellen, Yellen, CNBC's Andrew Ross Sorkin, That's, Joe Biden's Organizations: CNBC, Congressional, Federal Reserve, Economic, of New Locations: U.S, of New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed still has a bias to cut rates, and they'll cut twice this year: Former Fed VC Alan BlinderAlan Blinder, former Federal Reserve vice chairman and Princeton University professor, joins 'Squawk on the Street' to discuss if the Federal Reserve has a bias to cut rates, how soon they'll cut rates and how many times.
Persons: they'll, Alan Blinder Alan Blinder Organizations: Federal Reserve, Princeton University
“They’re both promising not to tackle the debt,” Ryan said, coming back to the issue that has animated his political career. Trump wants to extend all of the tax cuts, which could further explode the debt without corresponding spending cuts. When Trump and Republicans enacted the current tax structure, they made individual tax cuts temporary and most of the corporate tax cuts permanent. Biden has proposed additional taxes on those making more than $400,000 to address Medicare’s solvency, among other ideas, but does not have a detailed Social Security plan. The dirty little secret in all of this is, Medicare and Social Security are going insolvent on their own.
Persons: Donald Trump, Paul Ryan, he’ll, Trump, , Ryan, Republican –, , ” Ryan, Sen, Mitt Romney, “ They’re, Joe Biden, Biden, Barack Obama, CNN’s Tami Luhby, What’s, won’t, Alan Greenspan, Obama, Republican Sen, Alan Simpson, Erskine Bowles Organizations: CNN, Trump, Republican, Fox News, Social Security, Democrats, Affordable, Biden, Republicans, Democratic, American, Treasury, Medicare, Fox, Federal, White House, National Commission Locations: Wisconsin, Trump, Luhby
Hunter Biden was charged in September with three counts related to his purchase and possession of a firearm while using illegal drugs. Of course, Hunter Biden had the right to go to trial; it was his liberty at risk. Hallie Biden is the widow of Beau Biden, Hunter’s deceased brother. Testifying about intimate family matters must have been an enormous emotional trauma for her, as well as for Hunter Biden and his family. President Biden told ABC News before the verdict that he would accept the jurors’ decision, whatever it was.
Persons: Dennis Aftergut, Hunter Biden’s, Hunter‘s, Joe Biden, Hunter Biden, Hunter, Abbe Lowell, , ” Lowell, Maryellen Noreika, David Weiss, indicting, Weiss, General Merrick Garland, Weiss upping, Noreika, Kathleen Buhle, Hallie Biden, Beau Biden, Hunter’s, he’s, Biden, MAGA narrative’s, , Donald Trump’s, Stormy Daniels, MAGA Organizations: Defending American Democracy, CNN, of Justice, Colt, Alcohol, Tobacco, Firearms, Explosives, US, MAGA, Republicans, Department of Justice, Twitter, Facebook, ABC News Locations: Delaware
Related VideoIn his opening statement at the trial, Biden's lawyer Abbe Lowell urged jurors in the Wilmington, Delaware, federal court to acquit his client. "They know how to put on a tight gun case." Biden's trial was not necessarily a lost cause. Hunter Biden's lawyers have argued this arrangement has perversely allowed Weiss to politicize the proceedings unchecked. This story was updated following the jury verdict in Hunter Biden's gun trial.
Persons: , Hunter Biden, Biden, Abbe Lowell, Prosecutors, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sen, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter Biden's, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Trump, Justice, Republicans, Biden's, US, BI, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
Holmes was sentenced to 11 years in prison for defrauding investors in her failed blood-testing company, Theranos. She is seeking a new trial, arguing that the judge in her case erred in several decisions during the 2022 proceedings. Since her conviction, her projected release date from prison has been moved up, shaving about two years off her sentence. Theranos’ unraveling, and Holmes herself, became the subject of a bestselling book, a Hulu scripted series and an award-winning documentary. Holmes knowingly concealed the technology’s problems, and still pushed to get the company’s Edison devices into pharmacies, prosecutors argued.
Persons: Elizabeth Holmes, Holmes, Stanford, Steve Jobs, Larry Ellison, Rupert Murdoch, Ramesh “ Sunny ”, “ Holmes, Balwani, Holmes ’, Theranos, , Edward Davila, Balwani “, laywers, , Agustin Orozco, Crowell, Orozco Organizations: New, New York CNN, California’s, Circuit, Wall Street, Prosecutors, Moring Locations: New York, California, Texas
That’s why it is crucial for central bankers to insist on 2%. “By communicating an explicit inflation target — and then delivering inflation consistent with that target — central banks earn credibility with the public,” New York Fed President John Williams said in a recent speech. Stripping away highly volatile categories such as food and energy — a measure referred to as “core” inflation — won’t quell central bankers’ concerns. The Fed can’t ignore CPIAlthough CPI isn’t the inflation gauge the Fed targets, central bankers don’t write it off. It was, however, welcome news to Fed officials that Consumer Price Index-measured inflation fell to 3.4% in April from 3.5% in March.
Persons: Frank Robinson, , they’re, Jerome Powell, ” Powell, Ben Bernanke, they’ll, John Williams, hasn’t, , Tom Barkin, don’t, Christopher Waller Organizations: New, New York CNN —, Federal, Fed, New York Fed, ” New York Fed, ” Richmond Fed, CPI Locations: New York
Related storiesBusiness Insider located the Facebook comment, which was timestamped 4:39 p.m. on May 29, a day before the jury verdict. Advertisement"Now we are married ❤️ 😁," he posted in response to another Facebook comment, which criticized his purported cousin. FacebookOn his Facebook page, Anderson describes himself as "Transabled & a professional shit poster." Michael Anderson's Facebook page describes him as a "professional shitposter." While it remains unclear how significant the Facebook post will become during the proceedings leading up to Trump's sentencing, it could complicate things.
Persons: , Donald Trump, Michael Anderson, MAGA Organizations: Service, New York, Unified, Business Locations: Manhattan
New Jersey’s former attorney general, Gurbir S. Grewal, took the stand on Thursday afternoon in Senator Robert Menendez’s bribery trial, becoming the most prominent official to testify against the senator, a fellow Democrat. Mr. Grewal was expected to offer details about telephone calls from Mr. Menendez and a brief meeting the two had in September 2019 in the senator’s office in Newark. Being called as a witness in a criminal trial was an unusual role for Mr. Grewal, a former federal prosecutor who now leads the U.S. Securities and Exchange Commission’s enforcement division. Mr. Menendez turned to look directly at Mr. Grewal as he walked slowly to the stand. Mr. Uribe, who was charged last year in the alleged bribery conspiracy, pleaded guilty in March and is now cooperating with prosecutors.
Persons: Gurbir S, Grewal, Robert Menendez’s, Menendez, Mr, Jose Uribe, Uribe’s, Uribe Organizations: U.S . Securities, Exchange, Prosecutors Locations: Newark
"They know how to put on a tight gun case." Biden's trial is not necessarily a lost cause. This arrangement has perversely allowed Weiss to politicize the proceedings unchecked, Hunter Biden's lawyers argued. There's no evidence that Biden even loaded or used the gun before his brother's widow, Hallie Biden, threw it out. "Obviously, the conduct that the government ought to be addressing is whether somebody is on drugs and high while they're shooting a gun," Levin said.
Persons: , Hunter Biden, Abbe Lowell, Prosecutors, Biden, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sens, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Hunter Biden's, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani, there's Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Republicans, US Justice Department, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
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