Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning, I'm Nathan Hager and.
Speaker 1: I'm Karen Moscow. Here are the stories we're following today.
Speaker 3: Karen, we begin with the unprecedented, historic moment in American politics.
Speaker 3: Donald Trump has been found guilty in the first criminal
Speaker 3: trial of a former US president in the nation's history.
Speaker 3: Five months before this year's presidential election, twelve New York
Speaker 3: jurors found Trump guilty on all thirty four counts of
Speaker 3: falsifying business records to conceal a hush money payment to
Speaker 3: adult film actress Stormy Daniels ahead of the twenty sixteen election.
Speaker 3: Prosecutors argued it was a conspiracy that deprived voters of
Speaker 3: vital information before they cast their votes. In twenty sixteen,
Speaker 3: Trump spoke after the verdict came down, this was a.
Speaker 4: Rigged, disgraceful trial that the real verdict is going to
Speaker 4: be November fifth.
Speaker 5: By the people.
Speaker 3: And Donald Trump criticized Manhattan District Attorney Alvin Bragg, who
Speaker 3: led the charges.
Speaker 6: You have a so.
Speaker 7: Respect DA and the whole thing. We didn't do any
Speaker 7: thing wrong.
Speaker 4: I'm a very innocent man.
Speaker 3: And now former President Donald Trump is due for sentencing
Speaker 3: on July eleventh, after which he plans to appeal.
Speaker 1: Well Nathan Manhattan dished Attorney Alvin Bragg also spoke after
Speaker 1: the verdict, saying his office handled in this case like
Speaker 1: any other.
Speaker 8: Well, this defendant may be unlike any other in American history.
Speaker 8: We arrived at this trial and ultimately today at this
Speaker 8: verdict in the same manner as every other case that
Speaker 8: comes to the courtroom doors.
Speaker 1: Manhattan DA Alvin Bragg called the case a white collar
Speaker 1: prosecution core to the mission of his office. Bragg thanked
Speaker 1: the jury for their deliberations after the five week trial.
Speaker 2: Well Karen.
Speaker 3: One of the key questions following the verdict is whether
Speaker 3: or not Donald Trump will become the first US president
Speaker 3: sentenced to prison. Ramifications are unclear at the moment, but
Speaker 3: Bloomberg Law host June Grosso explains the likely next steps.
Speaker 9: Donald Trump will be sentenced on July eleventh. Each of
Speaker 9: the thirty four counts is a Class E felony, which
Speaker 9: can carry a prison term of up to four years.
Speaker 9: A typical defendant convicted of a felony charged is sentenced
Speaker 9: to serve some prison time, but there's nothing in the
Speaker 9: law that requires it. Judge Wanmershan could instead sentence Trump
Speaker 9: to probation, especially if he decides that leniency is warranted
Speaker 9: because the former president is seventy seven years old and
Speaker 9: a first time offender with no criminal record. In New York,
Speaker 9: June Grosso Bloomberg Radio, all right.
Speaker 1: June, thank you. So, how will the conviction impact Donald
Speaker 1: Trump's presidential run? Republican strategist Man Gorman tells Bloomberg's Balance
Speaker 1: of Power things will stay status quo.
Speaker 10: It's gonna be a typical Trump news cycle in this
Speaker 10: respect that there's gonna be a lot of noise. I
Speaker 10: don't think at the end it changes anything back dramatic.
Speaker 10: This is going to be competitive presidential election at today,
Speaker 10: it'll be tomorrow it.
Speaker 1: Was yesterday, Republican strategist Matt Gorman. And on the other
Speaker 1: side of the aisle, Democratic strategist Kristin Hahn says President
Speaker 1: Biden needs to capitalize on the convictions.
Speaker 11: Still going to be a tight race, but President Trump
Speaker 11: has laid the groundwork here. I think it's going to
Speaker 11: be up to the Biden campaign to figure out where
Speaker 11: and when they need to push back on this now
Speaker 11: that he's finally been convicted.
Speaker 2: Because it really is a huge deal.
Speaker 1: Democratic strategist Kristin Hahn added that Democrats need to focus
Speaker 1: on fundraising between now and the conventions.
Speaker 3: Well, Karen, President Biden's twenty twenty four campaign has already
Speaker 3: put out fundraising appeals following the verdict. Then it released
Speaker 3: a statement in response saying it showed no one is
Speaker 3: above the law, adding that quote, there is still only
Speaker 3: one way to keep Donald Trump out of the Oval
Speaker 3: office at the ballot box, Nathan.
Speaker 1: We also heard from Trump and Biden's political rival, Independent
Speaker 1: presidential candidate Robert F.
Speaker 2: Kennedy Junior.
Speaker 1: He told it crowdon Austin last night, the outcome will
Speaker 1: actually benefit the former president.
Speaker 12: My belief that it will end up helping President Trump
Speaker 12: among America a large part of American public.
Speaker 2: Who believes that.
Speaker 12: The judicial system and the enforcement system have been weaponized.
Speaker 1: Independent Robert F. Kennedy Junior also called the verdict amos
Speaker 1: steak that will politically backfire on Democrats and Karen.
Speaker 3: We continue to watch the political fallout in the nation's capital.
Speaker 3: We get that part of the story from Bloomberg's Amy Morris.
Speaker 2: In Washington.
Speaker 13: The Biden Harris campaign released a statement saying, quote, we
Speaker 13: saw that no one is above the law. House Speaker
Speaker 13: Mike Johnson posted on x that quote. Today is a
Speaker 13: shameful day in American history. Bloomberg's Megan Scully says, lawmakers
Speaker 13: on Capitol Hill are all in campaign mode, and this
Speaker 13: guilty verdict is a factor.
Speaker 14: We have tons of legislation coming to the floor that
Speaker 14: are messaging votes, things that are never going.
Speaker 2: To become law, but that are good.
Speaker 14: For their candidates to vote on. And I think that
Speaker 14: there will certainly be some messaging legislation targeted at supporting
Speaker 14: Donald Trump.
Speaker 13: Bloomberg's Megan's Gully on Bloomberg's balance of power in Washington.
Speaker 13: Amy Morris, Bloomberg Radio.
Speaker 1: All right, Amy, thank you well. We do also have
Speaker 1: some important news in the markets today. All eyes are
Speaker 1: on a key data point. It's at an eight thirty
Speaker 1: am Wall Street time. The PCE deflator, the Fed's preferred
Speaker 1: inflation gauge, and Bloomberg's Michael McKee has a preview for
Speaker 1: the Fed.
Speaker 15: PCE inflation is the number. They're two percent inflation target
Speaker 15: is based on the PCE. The good news is this
Speaker 15: measure of inflation is expected to tick down at least
Speaker 15: on a year over year basis, suggesting the central Bank
Speaker 15: is still making progress on its goal. Some analysts think
Speaker 15: the core rate could even come in lower month over month,
Speaker 15: which might lead to a strong market reaction. What it
Speaker 15: won't do up or down is change forecasts. For the
Speaker 15: fed's next meeting on June twelfth, Policymakers have made it
Speaker 15: clear they'll need more than one good report to start
Speaker 15: considering any change in rates. Michael McKee, Bloomberg Radio.
Speaker 2: Mike, thank you.
Speaker 3: We are all so following more Fed speak, this time
Speaker 3: from New York President John Williams. He says inflation is
Speaker 3: headed in the right direction. More in this report from
Speaker 3: Bloomberg's John Tucker, John and.
Speaker 16: Nate Williams telling the Economic Club of New York Hey
Speaker 16: expects inflation to continue falling in the second half of
Speaker 16: this year and that higher borrowing costs are restraining the
Speaker 16: economy just the way they want.
Speaker 17: The behavior of the economy of the past year provides
Speaker 17: ample evidence that MANTE policy is restrictive in a way
Speaker 17: that helps achieve our goals. We're seeing clear and consistent
Speaker 17: signs of the imbalances between supply and demand in the
Speaker 17: economy are receiving and we've seen a broad based declient
Speaker 17: in inflation.
Speaker 16: Williams can't say winning support a rate cut and that
Speaker 16: any rate increases unlikely. He sees inflation as measured by
Speaker 16: the PCEE Price Index, falling to about two and a
Speaker 16: half percent by year and before moving closer to their
Speaker 16: two percent target next year. I'm John Tucker, Bloomberg Radio.
Speaker 3: All right, John, thank you, and again repeating our top
Speaker 3: story of the morning. Donald Trump is the first US
Speaker 3: president to be found guilty in a criminal trial. We
Speaker 3: will have coverage for you of this historic moment in
Speaker 3: American politics. All morning, long.
Speaker 1: Time now for look at some of the other stories
Speaker 1: making news in New York and around the world. And
Speaker 1: for that we're joined by Bloomberg. So Michael Barr, Michael,
Speaker 1: good morning.
Speaker 5: Good morning, Karen. Local reaction continues to come in after
Speaker 5: former President Donald Trump was found guilty on all thirty
Speaker 5: four counts in his hush money trial. People outside the
Speaker 5: Manhattan court House had mixed views.
Speaker 4: It just seems to me like the fix was in,
Speaker 4: that they were out to get Trump. But I think
Speaker 4: he's going to get more popular with the American people.
Speaker 18: I am feeling emotional because I have six grandchildren and
Speaker 18: I want the United States to be for them what
Speaker 18: it was for me, which you know is a baby boomer,
Speaker 18: which is growing up with presidents that you can admire
Speaker 18: and feel safe with and look up to.
Speaker 5: Democratic Governor Kathy Okles said in a statement, Today's verdict
Speaker 5: reaffirms that no one is above the law. Republican Representative
Speaker 5: Nicole Meliatakis, who represents New York's eleventh congressional districts, at
Speaker 5: in a statement, Today's verdict is a complete but sadly
Speaker 5: unsurprising miscarriage of justice. In Connecticut, flags are being flown
Speaker 5: at half staff after a state trooper was killed by
Speaker 5: a hit and run driver on Interstate eighty four yesterday afternoon.
Speaker 5: Trooper Aaron Pellieteer was performing a traffic stop when police
Speaker 5: say another vehicle crossed into the right shoulder, striking and
Speaker 5: killing Pellioteer. That driver later taken into custody after their
Speaker 5: vehicle became disabled. Connecticut State Police Colonel Daniel Lackman, he.
Speaker 19: Was a role model to younger troopers, and he set
Speaker 19: a high standard for them to follow, but he was
Speaker 19: much more than that.
Speaker 15: Aaron was a loving husband and a father of two
Speaker 15: young children.
Speaker 5: Lieutenant Governor Susan Biswitz.
Speaker 1: He was trying to reduce highway crashes and fatalities when
Speaker 1: he died.
Speaker 5: So far, charges against the driver who hit Trooper Pelletier
Speaker 5: have not been revealed. A Minnesota police officer was killed
Speaker 5: when he responded to a shooting call and was providing
Speaker 5: medical attention to a man who shot him in what
Speaker 5: authorities are calling an ambush. Minneapolis Assistant Police Chief Katie Blackwell, this.
Speaker 1: Has been a terrible day for our agency and in
Speaker 1: law enforcement, and it's happening all too.
Speaker 9: Frequently, and it affects so many.
Speaker 5: The suspected gunmen and another person were also killed in
Speaker 5: the shooting. Truckers have joined in the fight against congestion
Speaker 5: pricing in Manhattan. The Trucking Association of New York file
Speaker 5: to federal lawsuit against the MTA. They argue the toll
Speaker 5: plan unconstitutionally targets the trucking industry. Under the MTA plan,
Speaker 5: set to start in late June, trucks will be charged
Speaker 5: between twenty four to thirty six dollars per trip. Drivers
Speaker 5: or passenger cars will pay about fifteen dollars. Global News
Speaker 5: twenty four hours a day, and when you want it
Speaker 5: with the Bloomberg News Now, Michael Barn, This is Bloomberg Karen.
Speaker 1: All right, Michael Barr, thank you time now for the
Speaker 1: Bloomberg Sports Update with John stash Hour.
Speaker 2: John, Good morning, A right, Good morning Karen.
Speaker 4: Now they're close one between the Rangers and Panthers after
Speaker 4: three straight overtime games, scoreless first period in Game five
Speaker 4: of the Garden, Chris Crider got his first goal of
Speaker 4: the series, I short handed breakaway two minutes into the second.
Speaker 4: Panthers tied it, took the lead midway through the third.
Speaker 4: They added an empty netter. Alexis La Frontier scored in
Speaker 4: the final minute, but Florida won three to two and
Speaker 4: now leading the series three to two.
Speaker 2: The Rangers coach is Peter Lobolette.
Speaker 20: Wasn't going to be wide open and we were going
Speaker 20: to have forty chances a night, so we need to
Speaker 20: capitalize on some of the ones that we did generate,
Speaker 20: and you know, we were unable to do that tonight.
Speaker 20: It was like I said, it was, it was tight.
Speaker 20: The game was tight. I thought we had looks. I
Speaker 20: thought we had chances. They didn't go in. It came
Speaker 20: down to.
Speaker 4: One goal Game six tomorrow and South order. The NBA
Speaker 4: Finals are set Boston against Dallas. The Celtics top seeds
Speaker 4: in the East, the MAVs with a five seed in
Speaker 4: the West. They dismantled Minnesota in Game five one twenty
Speaker 4: four to one oh three. Wasn't that close. Maps shot
Speaker 4: sixty one percent, led by twenty nine had halftime. Both
Speaker 4: Luca Donson's and Kyrie Irving scored thirty six points. It's
Speaker 4: the MAVs first trip of the Finals since winning the
Speaker 4: championship in twenty eleven. Yankees moved twenty games over five hundred.
Speaker 4: At the Angels in Anaheim eight to three, Aaron Judge
Speaker 4: homerd Yanks broke it open with a five run seventh
Speaker 4: thitting that included a three run triple by Juan Soto.
Speaker 4: Much needed win for the Mets after losing fifteen of nineteen.
Speaker 4: They rallied the top Arizona City Field three to two.
Speaker 4: Francisco Lindora had four hits, including.
Speaker 2: The home run.
Speaker 1: J D.
Speaker 4: Martinez's homer in the eighth put the Mets ahead. Red
Speaker 4: Sox held the two hits, lost to Detroit five nothing.
Speaker 4: Nationals won three to one. In Atlanta, the French Opendovak
Speaker 4: Djokovic advanced sod the Americans Taylor Fritz and Tommy Paul
Speaker 4: At the US Women's Open Golf Lancaster. Pia Nelly cord
Speaker 4: of the big favorites. She's won six of her last
Speaker 4: seven tournaments, but in opening round eighty because Corda had
Speaker 4: on the par three third holes, you put it in
Speaker 4: the water three times.
Speaker 2: John staff Shell or Bloomberg Sports.
Speaker 7: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 7: and around the world on Bloomberg dot Com and the
Speaker 7: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 2: Good Morning.
Speaker 3: I'm Nathan Hager on a morning after a former president
Speaker 3: and a major party candidate in the next president audential
Speaker 3: election became a convicted felon for the first time in
Speaker 3: American history. The guilty verdicts for Donald Trump come with
Speaker 3: legal and political implications, so let's get right to it.
Speaker 3: Joining us now, Bloomberg News legal reporter Eric Larson, who
Speaker 3: was in the Manhattan courthouse as those verdicts came down.
Speaker 3: Eric Good Morning, paid a picture for us because listening
Speaker 3: from the outside, we heard the verdicts come down like
Speaker 3: Domino's one after the other.
Speaker 2: Guilty on count one, two, three, etc.
Speaker 3: What was it like inside the courtroom as the jury
Speaker 3: foreman read out those verdicts.
Speaker 6: It was a very solemn moment. There was quite a
Speaker 6: bit of tension, you know. The former president was there
Speaker 6: with his entire legal team and many supporters, including his son.
Speaker 6: The district attorney was there with many of his prosecutors,
Speaker 6: and of course there was a lot of press passed
Speaker 6: into that courtroom. The jury filed out, and the jury
Speaker 6: foreman was asked to stand up and read out the
Speaker 6: finding for each of the thirty four counts, and he
Speaker 6: just read out guilty thirty four times in a row.
Speaker 6: It was pretty unexpected. Actually, everyone in the court courtroom
Speaker 6: believed that they were about to be excused for the
Speaker 6: day around four point thirty in the afternoon, because that's
Speaker 6: when the jury was supposed to wrap up, and there
Speaker 6: was no indication they were going to stay late. The
Speaker 6: judge had everyone gather, said he was about to dismiss
Speaker 6: the jury, left the courtroom for a few minutes and
Speaker 6: came back and said, well, actually they have a verdict.
Speaker 6: So it was quite a surprise. Trump had a very solemn,
Speaker 6: you could say, potentially angry look, on his face more
Speaker 6: so than during most of the trial, and walked out
Speaker 6: of the courtroom without glancing at anyone anyone, any members
Speaker 6: of the press, as he had done many times throughout
Speaker 6: the trial. He just had a stoic look on his
Speaker 6: face and walked out.
Speaker 3: Oh he certainly saw and heard that anger and frustration
Speaker 3: following the verdict as he came out to address reporters
Speaker 3: last evening, and he's promising to fight on all the way.
Speaker 2: What could that fight look like?
Speaker 3: What could the appeals process look like for the former president?
Speaker 6: You know, it's an appealed process that can't technically start
Speaker 6: until he is sentenced. That's on July eleventh, So it's
Speaker 6: not until he finds out how much time he'll spend
Speaker 6: in prison, if any not until then will he actually
Speaker 6: be able to start his appeal. That could drag on
Speaker 6: for a while.
Speaker 21: I've been told by legal experts though, that in many cases,
Speaker 21: individuals who are convicted for crimes like this are sent
Speaker 21: to jail if there is a prison term while they appeal.
Speaker 6: You know, because the idea being that just because someone
Speaker 6: is appealing, they shouldn't be able to drag out the
Speaker 6: consequences of a jury's verdict by simply appealing and dragging
Speaker 6: that out as long as possible. So it remains to
Speaker 6: be seen whether or not he would be allowed to
Speaker 6: remain free during the appeal. It also remains to be
Speaker 6: seen if the judge will even sentence him to any
Speaker 6: time behind bars. Of course, probation is an option. There's
Speaker 6: no mandatory sentence, and for prison here, the maximum, of
Speaker 6: course is four years, But experts have said that even
Speaker 6: if he is sentenced to an incarceory period, that have
Speaker 6: been nothing near that. Trump is a first time offender here.
Speaker 6: This isn't a kind of crime that involved traditional types
Speaker 6: of victims, so the judge has some leeway if he
Speaker 6: wants to give him a sentence that does not involve
Speaker 6: time behind bars.
Speaker 2: Are we expecting to hear from the jury.
Speaker 6: Yeah, that's a million dollar question here. Obviously, the jury
Speaker 6: was an anonymous jury, very rare, usually reserved for cases
Speaker 6: involving you know, the mafia, or terrorism cases, something where
Speaker 6: the jury is in real danger. And the prosecutors argued,
Speaker 6: and the judge agreed that this jury should be anonymous
Speaker 6: for their own safety. Given Trump's track record of attacking
Speaker 6: people involved in the cases against him, and as he
Speaker 6: did throughout the case. Of course, Trump was threatened with
Speaker 6: jail during the trial for violating a gag order multiple
Speaker 6: times that was intended to protect the safety of the
Speaker 6: jury and the witnesses. On the judge made it very
Speaker 6: clear to Trump that if he violated that gag order
Speaker 6: again he would put him in jail, even if it
Speaker 6: meant having his Secret Service, you know, in there with him.
Speaker 6: He said, I will do this, uh, and that that
Speaker 6: that blocked, that stops Trump from doing that. So you
Speaker 6: can see that how serious it was. But on the
Speaker 6: after the verdict was handed down, the judge told the
Speaker 6: jury everything all the rules that I've told you about
Speaker 6: not talking to anyone, you know, including the press or
Speaker 6: your family, that's all lifted. Now you can do what
Speaker 6: you want. But you can imagine some of the jurors
Speaker 6: might be torn here. Some would want to protect their safety,
Speaker 6: the safety of their families. It's no uh, it's no surprise.
Speaker 1: You know.
Speaker 6: Trump has a lot of supporters and some of them
Speaker 6: have resorted in violence in the past, and they're very
Speaker 6: going to be very upset about this conviction. But there
Speaker 6: might be other jurors who are willing to take that
Speaker 6: risk and want to, you know, tell America what they
Speaker 6: were thinking and when they came to this verdict. Why.
Speaker 3: One more thing to watch is we continue to follow
Speaker 3: the ramifications of these guilty verdicts for the former president. Eric,
Speaker 3: thank you for this. Eric Larson, legal reporter for Bloomberg News,
Speaker 3: who was in the courtroom as those verdicts came down.
Speaker 3: We want to look at the political impact now with
Speaker 3: Greg Valier joining US now chief US policy strategist at
Speaker 3: AGF Investments, Greg, good morning. When I heard those verdicts
Speaker 3: came down last evening, the image that came to my
Speaker 3: mind was from actually several years ago when former President
Speaker 3: Trump was in the White House and he held up
Speaker 3: the newspaper after he was acquitted an impeachment. Obviously, he's
Speaker 3: not holding up any newspapers this morning. What are the
Speaker 3: political impacts of a criminal conviction, a felony conviction for
Speaker 3: a former president?
Speaker 22: Well, good morning, Nathan. We're really in uncharted waters right now.
Speaker 22: Obviously nothing like this has ever happened in the US,
Speaker 22: so it may be a few weeks before public opinion shells.
Speaker 22: Will the public say this is just a witch hunt
Speaker 22: against Trump, or will the public say we got Trump fatigue.
Speaker 22: We need to get rid of this guy. So I
Speaker 22: don't think that the public has really solidified its opinion
Speaker 22: just yet.
Speaker 3: Well, we did get some snap polls from you gov
Speaker 3: moments after the verdicts came down. Whether Trump got a
Speaker 3: fair trial yes by ten points. Whether they agree that
Speaker 3: he's guilty yes by twenty points. Obviously get very different
Speaker 3: margins when you break it down by party. Could that
Speaker 3: translate into how Americans vote in November?
Speaker 22: It could? And I've been making the point for the
Speaker 22: last few days that the biggest, next biggest story is
Speaker 22: on June twenty seventh. That's the first debate between Biden
Speaker 22: and Trump. I think that's going to be pivotal. If
Speaker 22: Trump looks rusty and stumbles at all, that could hurt him.
Speaker 22: If Biden has a gaff which he's been known to do,
Speaker 22: that could hurt him. I think the rest of the
Speaker 22: election the tone will be set on June twenty seventh.
Speaker 3: I'm so glad you mentioned the debate. It's coming up
Speaker 3: in less than four weeks, and you have to think
Speaker 3: that even several weeks after the verdict, this is going
Speaker 3: to overshadow everything, isn't it.
Speaker 22: Yeah, the first debate four years ago got thirteen million people.
Speaker 22: I think they could get twenty million. This is going
Speaker 22: to be such a highly anticipated debate, so with twenty
Speaker 22: million people, there's an opportunity for either candidate to gain
Speaker 22: a point or two and that could sort of set
Speaker 22: the tone for the rest of the fault.
Speaker 3: How does the political punditry handle something like this when
Speaker 3: the major party candidate on one side of the aisle
Speaker 3: is a convicted felon.
Speaker 22: Yeah, I know it's awkward for people, but it's worth
Speaker 22: noting that the Republicans are, in my opinion, extraordinarily well unified.
Speaker 22: Maybe twenty percent of the Republicans have some doubts, but
Speaker 22: I think Trump has really strong support in his own party,
Speaker 22: and I think the overwhelming view is that he hasn't
Speaker 22: been treated failure.
Speaker 3: Core support from core voters obviously, and we've seen Republican
Speaker 3: elected officials pretty much all in all lineup behind not
Speaker 3: just supporting the president, but adopting a lot of his
Speaker 3: rhetoric about the rigged nature as the former president puts it.
Speaker 3: Of this case, is there a risk for Republicans if
Speaker 3: they continue to criticize the system that it could backfire
Speaker 3: on them.
Speaker 22: Absolutely, great point, Nathan. I think there are other issues too,
Speaker 22: like abortions. So I think it's still way premature to
Speaker 22: write off Joe Biden. I realize he has many flaws
Speaker 22: and a lot of the issues are broken against him,
Speaker 22: but I think that Biden still has a shot if
Speaker 22: the Republicans are playing this incorrectly and just quickly.
Speaker 3: How do you see the Biden campaign handling this. We've
Speaker 3: seen a kind of a tepid statement up to this point.
Speaker 3: But do you see whether the Biden campaign can sort
Speaker 3: of shift the advantage that former President Trump has managed
Speaker 3: to make from pretty much all the legal issues he's had.
Speaker 22: Yeah, they can, But my lord, you look at Biden
Speaker 22: only ahead modestly in New York State. You look at
Speaker 22: Biden groveling for support among black voters. These are things
Speaker 22: that a Democrat shouldn't even have to worry about. So
Speaker 22: Biden still has a lot of ground to make up.
Speaker 22: But I do think there's a chance that the Republicans
Speaker 22: could overplay their hand with Donald Trump.
Speaker 3: Thanks Greg, as always, Greg VALUERCHIFS Policy Strategist, AGF Investments.
Speaker 7: Now a look at the front pages. What's making news
Speaker 7: around the world, Your daily roundup of today's headlines from
Speaker 7: major publications.
Speaker 3: Sen Bloomberg's Lisa Mateo is here with the front page
Speaker 3: round up. Obviously, every front page around the world is
Speaker 3: focused on the Trump verdicts, but we had a big
Speaker 3: take story from Bloomberg News as well that says, despite
Speaker 3: the guilty verdicts, Lisa wall Street, billionaires are rushing to
Speaker 3: back the former president.
Speaker 2: Good morning, Yeah they are.
Speaker 23: Good morning. Nathan's so Amid Malik. He's president of seventeen
Speaker 23: eighty nine Capital. He co hosted a fundraiser for Trump
Speaker 23: at the Pierre Hotel on Fifth Avenue before the verdict,
Speaker 23: and he said that the outcome would have less than
Speaker 23: zero impact on his support.
Speaker 4: Now.
Speaker 23: The fundraiser also hosted by billionaire Howard Lutnick. Hours before
Speaker 23: the verdict, hedge fund investor Bill Ackman was said to
Speaker 23: be leaning toward backing the former president. Then you have
Speaker 23: private equity Mogel. Longtime Republican donor Steven Schwarzman said he
Speaker 23: was getting behind Trump again. I mean a big reason
Speaker 23: for the support that you'll see through this article. It
Speaker 23: says that it's money. Trump has promised to cut taxes
Speaker 23: for the wealthy, eliminate regulations. President Joe Biden wants the opposite.
Speaker 1: Yeah. Also an article here in the New York Post
Speaker 1: Lisa about Trump's campaign donation page which crashed after the verdict.
Speaker 23: Yeah, it did less than an hour after he was convicted.
Speaker 23: His campaign wrote on x that the wind red pages
Speaker 23: it went down trumpetviter Chris Lasavida. He said the outage
Speaker 23: was due to quote millions of American patriots wanting to
Speaker 23: donate to Donald Trump's campaign. Then you had Lee Zelden,
Speaker 23: a Trump campaign sarrogate. He's also a former Long Island congressman.
Speaker 23: He posted on X that one of Trump's campaign committees
Speaker 23: reportedly secured an eight hundred thousand dollars donation shortly after
Speaker 23: the verdict. What might have overwhelmed the site? Well, the
Speaker 23: juries after the jury's decision, there was a post on
Speaker 23: Truth social from the Trump National Committee. It said that
Speaker 23: it called him a political prisoner. It said that your
Speaker 23: support is the only thing sitting between us and the
Speaker 23: total tyranny. But that website, it was back online about
Speaker 23: a half hour after it went down.
Speaker 3: And speaking of true socially, so the post is also
Speaker 3: pointing out that shares of that social media apps parent
Speaker 3: company tumbled after the verdict.
Speaker 23: Yeah, so this morning, shares of Trump Median Technology Group
Speaker 23: that's the owner of Yes Truth Social still lower before
Speaker 23: the bell. They're down about seven percent right now. The
Speaker 23: stock was down about nine percent after hours trading after
Speaker 23: the news of the verdict. Trades undertaker DJT And it's
Speaker 23: been really extremely volatile since it's debut in late March.
Speaker 23: It peaked at nearly eighty dollars in inter day trading
Speaker 23: on March twenty six, and then early this month, Trump
Speaker 23: Media reported that had lost more more than three hundred
Speaker 23: million last quarter.
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