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Speaker 1: Good morning.

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Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 2: stories we're following today.

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Speaker 3: We begin this morning with the latest round of criminal

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Speaker 3: charges against former President Donald Trump. For the third time

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Speaker 3: since he left office, an indictment has been unsealed against

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Speaker 3: the former president. This one is tied to the attack

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Speaker 3: on the US Capitol on January sixth, the efforts to

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Speaker 3: overturn the twenty twenty election. Special Council Jack Smith called

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Speaker 3: it an unprecedented assault on American democracy.

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Speaker 4: It's described in the indictment it was fueled by lies,

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Speaker 4: lies by the defendant targeted at obstructing a bedrock function

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Speaker 4: of the US government, the nation's process of collecting, counting,

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Speaker 4: and certifying the results of the presidential election.

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Speaker 3: Special Council Jack Smith is charging Trump with four counts,

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Speaker 3: including conspiracy to defraud the US and conspiracy against the

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Speaker 3: right to vote.

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Speaker 2: Well Nathan, reaction is pouring into the indictment. Bloomberg Legal

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Speaker 2: analyst June Garosso has more the government's case against the

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Speaker 2: former president.

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Speaker 5: There are six other co conspirators that are not named. However,

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Speaker 5: you can also tell who some of them are. It's

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Speaker 5: pretty obvious that Rudy Giuliani is one of them and

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Speaker 5: some of the other attorneys that were involved in the

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Speaker 5: efforts to change the results of the election.

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Speaker 2: Bloomberg s Jean Grosso says Trump is accused of using

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Speaker 2: the Justice Department to make knowingly false claims about the

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Speaker 2: election by having the acting Attorney General sign a formal

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Speaker 2: letter backing the claims.

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Speaker 3: Well, this and other indictments against Donald Trump are looming

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Speaker 3: large in the next presidential election, and these charges in

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Speaker 3: particular present a historic moment in presidential politics. We get

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Speaker 3: reaction and analysis from Bloomberg political contributor Jeanie she and Zano.

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Speaker 6: This is the first former president to be charged with

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Speaker 6: trying to steal an election and to impact and disrupt

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Speaker 6: the peaceful transfer of power which we have had in

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Speaker 6: this country since eighteen hundred when John Adams handed it

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Speaker 6: over to Thomas Jefferson, somebody he detested from another party.

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Speaker 6: So it is quite an indictment.

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Speaker 3: Genie she and Zano notes the former president now faces

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Speaker 3: indictments over classified documents at mar A Lago and charges

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Speaker 3: over hush payments to an adult film star. In addition

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Speaker 3: to this latest indictment, Donald Trump has been instructed to

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Speaker 3: appear in court on these latest charges at four pm

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Speaker 3: tomorrow in Washington, and.

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Speaker 2: Stay with US for more details and analysis on the

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Speaker 2: indictment and the political fallout. Now, we have another major

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Speaker 2: story to tell you about this morning. The US has

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Speaker 2: been stripped of its top tier credit rating by Fitch Ratings,

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Speaker 2: and stocks are falling on the news Bloombergy. John Tucker

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Speaker 2: joins US now with the story, John and Karen.

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Speaker 7: Fitch has downgraded the US one level from triple A

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Speaker 7: to triple A plus. Fish criticizes the debt limit clashes

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Speaker 7: in Congress waiting till the last minute to raise the

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Speaker 7: debt limit, and they take aim at the ballooning deficit

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Speaker 7: they first warned back in May they might do this.

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Speaker 7: What's the practical effect of all this? We put that

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Speaker 7: question New Economic Mickey Levy at Behrenberg.

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Speaker 8: It's significant in the short run because obviously markets are

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Speaker 8: going to respond.

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Speaker 9: In the long run, very very little impact.

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Speaker 7: And Libby Cantrell at Pimkell also weighing in.

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Speaker 2: I mean is a little bit suspect.

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Speaker 6: I don't think we got anything new today that would

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Speaker 6: have sort of resulted or precipitated this.

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Speaker 7: We've been here before. In twenty eleven s and P

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Speaker 7: downgrade at the US credit rating that triggered to sell

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Speaker 7: off in stocks but ironically boosted the value of US debt,

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Speaker 7: and there's similar reaction this time. Treasury's rallying is investors

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Speaker 7: see coount Haven's moody still rates the US sovereign triple A,

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Speaker 7: its top grade. In New York, I'm John Tucker, Bloomberg Daybreak.

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Speaker 3: All right, John, thank you.

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Speaker 9: Well.

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Speaker 3: The White House is lashing out at Fitch over that

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Speaker 3: downgrade to double A plus. We get that part of

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Speaker 3: the story from Bloomberg's Ed Baxter.

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Speaker 10: The administration says stripping the US if its top tier

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Speaker 10: credit rating is not warranted, saying the US fiscal governance

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Speaker 10: practices are strong. It says Fish's decision does not change

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Speaker 10: what Americans, investors, and people all around the world already

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Speaker 10: know that Treasury securities remain the world's pre eminence safe

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Speaker 10: and liquid asset. But this does come two months after

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Speaker 10: the bitter standoff on raising the death limit and ahead

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Speaker 10: of the threat of no agreement on funding the government

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Speaker 10: going forward. In San Francisco, I'm at Baxter, Bloomberg Daybreak.

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Speaker 2: All right, Ed, Thanks well, Wall Street is also reacting

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Speaker 2: to the downgrade from Fitch and Bloomberg. Steve Rappaport joins

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Speaker 2: us with that part of the story.

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Speaker 8: Stee you, good morning, Karen and Nathan. Larry Summers and

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Speaker 8: Mohammadel Arian joined the chorus of prominent economists criticizing the decision. Summers,

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Speaker 8: the former Treasury secretary and the Bloomberg contributor, called the

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Speaker 8: move absurd given signs of a stronger economy. Larian said

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Speaker 8: he was perplexed, but downplayed the significance of the downgrade.

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Speaker 8: In a post on Twitter, now being renamed ex el,

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Speaker 8: Arian predicted Fitch's announcement is much more likely to be

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Speaker 8: dismissed than having a lasting disruptive impact on the US

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Speaker 8: economy and markets in New York. I'm Steve Rappaport, Bloomberg Daybreak.

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Speaker 3: Okay, Steve, thanks some other markets news this morning. Advanced

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Speaker 3: my Grow Devices is out with earnings that beat estimates.

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Speaker 3: The chip makers also touting inroads it's making an artificial

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Speaker 3: intelligence that is spurring optimism the company can gain ground

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Speaker 3: on Nvidio.

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Speaker 2: And Nathan shares a Starbucks are down two percent. The

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Speaker 2: company's quarterly sales fell short of estimates. As traffic growth

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Speaker 2: slowed in the US, analysa Starbucks earnings show that US

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Speaker 2: consumers may be starting to cut back on discretionary services.

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Speaker 8: Hry Nathan, thanks, and.

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Speaker 2: It's time now for a look at some of the

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Speaker 2: other stories making news around the world. For that, we're

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Speaker 2: joined by Bloomberg's Amy Morris, Amy, Good morning, Good.

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Speaker 3: Morning, Karen.

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Speaker 11: Former Vice President Mike Pence says Donald Trump should never

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Speaker 11: be president again and is a distraction to the country.

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Speaker 11: It is his strongest criticism yet of his former boss

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Speaker 11: and current campaign rival. Pence released a statement saying, quote,

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Speaker 11: our country is more important than one man. Our constitution

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Speaker 11: is more important than any one man's career. The former

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Speaker 11: vice president testified before the grand jury and as a

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Speaker 11: central figure, and that forty five page indictment of Trump,

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Speaker 11: his name or the office of the vice president are

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Speaker 11: mentioned more than one hundred times. Meanwhile, Vice President Kamala

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Speaker 11: Harris is turning down an invitation from Florida Governor Ron

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Speaker 11: de Santis to visit Florida to discuss the state's new

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Speaker 11: black history curriculum that suggests enslaved people learned valuable skills.

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Speaker 11: Bloomberg's at Nancy Lyons reports.

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Speaker 12: Vice President Kamala Harris made her response crystal clear to

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Speaker 12: an Orlando gathering of the Women's Missionary Society of the

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Speaker 12: African Methodist Episcopal Church.

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Speaker 13: There is no roundtable, no lecture, no invitation. We will

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Speaker 13: accept to debate an undeniable fact. There were no redeeming

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Speaker 13: qualities of slavery.

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Speaker 12: And Harris says she will not stop calling out and

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Speaker 12: fighting back against those who try to prevent our children

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Speaker 12: from learning our true and full history. Nancy Lyon's Bloomberg Radio.

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Speaker 11: The migrant crisis is spilling out onto the streets of

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Speaker 11: New York. Hundreds of people sleeping and waiting for help

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Speaker 11: on the sidewalks outside the Roosevelt Hotel in Midtown Manhattan.

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Speaker 11: Mayor Eric Adams spokesman Fabian Levy says the administration is

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Speaker 11: trying to figure out a solution.

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Speaker 1: We're just simply out of space.

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Speaker 5: We've been saying this for.

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Speaker 8: Months for you know, almost say furcas point.

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Speaker 14: And so what we really need is help from our

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Speaker 14: state and federal partners.

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Speaker 11: Mayor Adams says they've reached an inflection point a year

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Speaker 11: after Texas began bussing migrants from its border towns to

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Speaker 11: New York. The Mega Millions jackbot surged to an estimated

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Speaker 11: one point two five billion dollars, the fifth largest in

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Speaker 11: US history, after no tickets matched all six numbers drawn

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Speaker 11: last night. If there is a winner in the next draw,

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Speaker 11: they can choose between a one point five one point

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Speaker 11: twenty five billion dollar payout spread over thirty years, or

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Speaker 11: a lump sum amount of six hundred and twenty five

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Speaker 11: million dollars. But after taxes, that'll leave you with about

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Speaker 11: three hundred ninety four four million dollars.

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Speaker 14: Give or take.

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Speaker 11: Global News twenty four hours a day, powered by more

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Speaker 11: than twenty seven hundred journalists and analysts in more than

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Speaker 11: one hundred twenty countries.

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Speaker 3: I'm Amy Morrison. This is Bloomberg.

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Speaker 2: Karen all right, Amy, thank you, and it is five

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Speaker 2: oh nine on Wall Street Time. Now for the Bloomberg

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Speaker 2: Sports Update, Here's John stash Hour, John jarn.

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Speaker 15: The Houston Astros who won the World Series last fall

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Speaker 15: had themselves.

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Speaker 9: Quite a day yesterday.

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Speaker 15: First, they made a trade with the Mets to get

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Speaker 15: back Justin Verlander, the trade coming exactly six years after

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Speaker 15: they acquired him the first time from the Detroit Tigers

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Speaker 15: and during his first stint with the Astros, he won

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Speaker 15: two Cion Award and twice helped the Astros win the

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Speaker 15: World Series. Houston then hosted Cleveland.

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Speaker 16: Here's the O, Tita Gallagher broken bat, soft liner peyedya ketches.

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Speaker 16: It had a no hitter Proper Boutons first one. The

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Speaker 16: creative is Baldonado and the rest of his teammates pile on.

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Speaker 16: Propert Valdez was the sixteenth though hitter at Houston Ashville's history.

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Speaker 15: ABM had the call. He needed only ninety three pitches

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Speaker 15: to go the distance. Red Sox won in Seattle six

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Speaker 15: to four. Giants topped Arizona four to three. The A's

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Speaker 15: loss of the Dodgers seven to three, Baltimore all over

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Speaker 15: Toronto thirteen to three. The Nationals lost in Milwaukee six

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Speaker 15: to four. The Iowa State starting quarterback Hunter Deckers accused

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Speaker 15: of betting on numerous sporting events, including those involving Iowa

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Speaker 15: State and at least one Cyclones football game Ilowit's believed

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Speaker 15: he didn't play in that game. An injury to La

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Speaker 15: Rams All Pro wide receiver Cooper Cup and training Camp

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Speaker 15: left with an injured hamstring.

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Speaker 7: John Stashewer Bloomberg.

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Speaker 17: Scourt from coast to coast, from New York to San Francisco,

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Speaker 17: Boston to Washington, DC, nationwide on Sirius Exam the Bloomberg

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Speaker 17: Business appen Bloomberg dot Com. This is Bloomberg Daybreak.

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Speaker 3: Good morning. I'm Nathan Hager. This morning, the legal pressure

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Speaker 3: continues to build around former President Donald Trump, even as

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Speaker 3: he remains the runaway front runner in the Republican primary

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Speaker 3: race to return to the White House. The latest charges

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Speaker 3: against the former president from the Justice Department or tied

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Speaker 3: to the events of January sixth. Special Council Jack Smith

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Speaker 3: says Trump knowingly spread false claims about the twenty twenty

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Speaker 3: election in a conspiracy to defraud the US and American voters.

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Speaker 4: Since the attack on our capital, the Department of Justice

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Speaker 4: has remained committed to ensuring accountability for those criminally responsible

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Speaker 4: for what happened that day. This case has brought consistent

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Speaker 4: with that commitment.

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Speaker 3: Special Counsel Jacksmith spoke after the indictment was unsealed yesterday

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Speaker 3: in Washington for more on this latest criminal case against

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Speaker 3: the former president and its impact on the twenty twenty

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Speaker 3: four campaign. We are very pleased to be joined this

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Speaker 3: morning for a roundtable discussion by Terry Haynes, founder of

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Speaker 3: Pangaea Policy, and Greg Valier, chief US policy strategist at

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Speaker 3: AGF Investments. Gentlemen, it's good to have both of you

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Speaker 3: with us, and I want to start with you, Terry,

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Speaker 3: because in the past you've called these mounting legal troubles

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Speaker 3: for the former president death by one thousand paper cuts.

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Speaker 3: How big a cut is this for the former president?

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Speaker 9: You know, good morning, Nathan. It's another cut mitigated only

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Speaker 9: because we all had a pretty good idea it was coming.

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Speaker 9: But you know, there's what we've seen in Washington in

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Speaker 9: the past week is a lot of truth stretching all

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Speaker 9: the way around. I don't have to belabor mister Trump's

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Speaker 9: truth stretching because that's been very well covered over the

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Speaker 9: past years. You have a difficult you have a situation

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Speaker 9: where for markets, first and foremost, in the last week,

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Speaker 9: you've got greater uncertainty about the twenty twenty four presidential race,

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Speaker 9: not only because of mister Trump though, but also because

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Speaker 9: of the president and the president's son, because the Hunter

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Speaker 9: Biden scandal. You know, it gets ever closer to the

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Speaker 9: White House, and UH as the White House story changes,

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Speaker 9: UH from a situation of Biden was never in business

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Speaker 9: with the son. Now it was never discussed. And h

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Speaker 9: you know, we've we have a new, a new contribution

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Speaker 9: to the political lexicon in the the illusion of access

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Speaker 9: to the uh from from mister Hunter, Biden's business partner,

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Speaker 9: Devin Archer. So you know, Biden's on some choppy sees

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Speaker 9: here as well. And uh, finally, you know, on the indictment. Uh,

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Speaker 9: you know, one thing I'll point out is everybody's been

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Speaker 9: waiting for a January sixth indictment with dealing with mister Trump.

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Speaker 9: But you know what you've got here is Smith wanting

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Speaker 9: it both ways. The indictment itself says that Trump and

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Speaker 9: quote has a right like every American to speak publicly

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Speaker 9: about the election and even to claim falsely that there

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Speaker 9: had been outcome determinative fraud and that he had won

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Speaker 9: quote from the indictment. So what Smith's hanging has had

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Speaker 9: on is the illusion that he's doing a whole lot

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Speaker 9: more about Trump in January sixth than he had been before.

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Speaker 9: That's going to be very tough to prove. And you know, prosecutors,

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Speaker 9: you know, not being as forthright as possible and not

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Speaker 9: bringing their best evidence for the charge they claim that

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Speaker 9: they're bringing. I think does no credit on the Justice

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Speaker 9: Department or anything else, and it's all going to make

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Speaker 9: things worse.

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Speaker 3: Lot's unpack there. Let's bring you into this conversation, Greg

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Speaker 3: value of AGF investments. What's your reaction to this indictment?

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Speaker 3: Is it truth stretching as Terry Haynes seems to suggest.

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Speaker 14: Here, Well, I have a contrarian view, Nathan Goodmore. I

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Speaker 14: think in the last week or so, Trump has gotten stronger.

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Speaker 14: You look at his poll numbers. He's up by about

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Speaker 14: ten extra points since the first indictment in late March.

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Speaker 14: He leads to Santis by thirty, thirty five, even forty

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Speaker 14: points in a lot of key states, and I don't

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Speaker 14: think that's going to change at all. On the other hand,

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Speaker 14: you've got Joe Biden, I think almost certainly lying when

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Speaker 14: he said he never discussed business with his son. You've

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Speaker 14: got a continued focus on Biden's age, and I think

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Speaker 14: that again, to be contrarian. Trump is clearly the favorite

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Speaker 14: to win the Republican nomination, and it's not out of

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Speaker 14: the question all of a sudden that he could win

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Speaker 14: the presidency. Most polls show a dead heat. Then the

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Speaker 14: issue becomes could Donald Trump's self pardon on inauguration Day?

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Speaker 14: There's all sorts of scenarios. I wrote about some with

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Speaker 14: them this morning. I think it's premature to totally rule

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Speaker 14: out Donald Trump.

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Speaker 3: You both mentioned the timing here coming as the current

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Speaker 3: president is facing some questions about the Hunter Biden case.

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Speaker 3: Greg are you implying that there could be some timing

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Speaker 3: here in bringing out this indictment at a time where

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Speaker 3: there has been focused at least on Capitol Hill from

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Speaker 3: House Republicans on the Hunter Biden case.

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Speaker 14: I don't know. You could argue that there might be

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Speaker 14: some connection, hard to say, and there's going to be

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Speaker 14: another indictment in all likely later this month in Georgia,

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Speaker 14: so the indictments are hard to time. I would just

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Speaker 14: argue that even with these indictments, Trump can run, Even

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Speaker 14: if he's convicted, he can still run.

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Speaker 3: Yeah, that's true. I want to bring you back in here, Terry,

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Speaker 3: to talk about how this could potentially affect the presidential race.

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Speaker 3: We know that in the past the former president has

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Speaker 3: been able to capitalize on these legal issues, saying that

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Speaker 3: it's a witch hunt, that everyone's out to get him,

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Speaker 3: and that it's a political conspiracy. Do you expect that

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Speaker 3: to continue? And how can other candidates, the also rans

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Speaker 3: in this presidential race try to get past this massive

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Speaker 3: lead that the president has right now.

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Speaker 9: Well, Nathan, my view has been for some time and

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Speaker 9: remains today that I think we've seen peak Trump and

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Speaker 9: that I think it's downhill from here for him. I

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Speaker 9: don't think that's going to be precipitous or quick, by

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Speaker 9: the way, but then again, we've got six but basically

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Speaker 9: six months before the first votes are cast in the primaries,

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Speaker 9: and that's a very long time in politics. I think

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Speaker 9: this is death by a thousand paper cuts. And you're

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Speaker 9: already starting to see the things that I've been predicting

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Speaker 9: for the past few months happen with a number of

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Speaker 9: the candidates, Vice President Pence and others talking about how

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Speaker 9: how Trump should know that this is proof that Trump

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Speaker 9: should never serve again in any sort of federal for

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Speaker 9: president or any other sort of federal office. You're going

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Speaker 9: to see a ramp up of attacks by the candidates.

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Speaker 9: So you're going to see an indication by the candidates

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Speaker 9: that they think that the prosecutions are politicized, but the

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Speaker 9: Trump is unfit to serve and frankly that they offer

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Speaker 9: a they offer an alternative that is the kind of

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Speaker 9: policies that were advanced by Trump and by Republicans during

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Speaker 9: the Trump administration without the baggage. And that's going to

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Speaker 9: range from you know, people like Pence to people like

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Speaker 9: Ramaswami all the way to somebody like Senator Scott of

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Speaker 9: South Carolina who brings a very kind of joyful and

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Speaker 9: very different look to the race.

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Speaker 3: We do have three weeks until the first debate in

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Speaker 3: this Republican presidential race, Greg, does this case become all

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Speaker 3: about what these candidates are going to be talking about?

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Speaker 3: And do you think Trump's going to show up for

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Speaker 3: this when he's under three rounds of indictments.

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Speaker 14: My guess is that he can't resist a camera, so

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Speaker 14: he probably will show up at the debate. I mean,

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Speaker 14: I hope this doesn't degenerate just into personal attacks and

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Speaker 14: that we actually talk about issues social security, do we

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Speaker 14: extend the Trump tax cuts? There are a wide range

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Speaker 14: of issues, a funding for Ukraine that hopefully will become

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Speaker 14: part of the narrative, and we don't just talk about indictments.

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Speaker 3: Only have about a minute left here, but I've got

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Speaker 3: to get you both very quickly on the Fitch ratings decision.

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Speaker 3: I mean, if there hadn't been another indictment against the

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Speaker 3: former president, that probably would have been the top story. Greg,

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Speaker 3: what do you see out of this Fitch Ratings decision

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Speaker 3: to downgrade the US credit.

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Speaker 14: Oh, it's a story for today. It might affect stocks

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Speaker 14: a little bit today, but I think think longer term

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Speaker 14: the impact is modest. I would agree with Larry Summers

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Speaker 14: for a change, and I would agree with Muhammad al

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Speaker 14: I would agree with Muhammad al Aria. I think they're

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Speaker 14: correct and that this is a one or two or

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Speaker 14: three day wonder, not a persistent problem for US treasuries.

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Speaker 3: And Terry your thoughts just quickly quickly.

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Speaker 9: Yeah. Firstly, I think it's bad news for Biden politically.

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Speaker 9: It undercuts the Bidenomics charge. Secondly, I think it undercuts Fitch.

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Speaker 9: I think there's a lot of political motivation in this charge.

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Speaker 9: You know, Fitch has been around for however many years,

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Speaker 9: but you know, we've gone one hundred years with the

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Speaker 9: current system we've had in the United States of funding

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Speaker 9: the government, and you know, now they're going to get

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Speaker 9: upset about debt ceiling and annual appropriations and finally on

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Speaker 9: the economists, I would point out that many of the

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Speaker 9: same people that are criticizing Fitch are also people that

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Speaker 9: helped create the situation through endorsing money printing in the

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Speaker 9: kind of fiscal ballooning Fitsch falls out.

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Speaker 3: Good to get your thoughts on both the Fitch ratings

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Speaker 3: downgrade for the US and the indictment of former President

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Speaker 3: Donald Trump. Terry Haynes of Pangaea Policy with us on

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Speaker 3: the phone this morning, and Greg Valier, your chief US

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Speaker 3: policy strategistic AGF Investments, joining us via zoom this morning. Now,

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Speaker 3: this latest indictment against Donald Trump adds to an already

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Speaker 3: packed court schedule. Even more charges could be on the

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Speaker 3: way right in the heart of the campaign season. For

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Speaker 3: more on how this latest case might play out and

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Speaker 3: reaction to the indictment, we're joined now by Bloomberg Law

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Speaker 3: host June Grosso. June, I know you've been able to

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Speaker 3: read this indictment probably a couple of times.

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Speaker 7: Here.

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Speaker 3: What's your reaction to the potential seriousness of these charges

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Speaker 3: and how they compare to the last round of charges

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Speaker 3: from Special Counsel Jack Smith on the classified documents.

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Speaker 18: Well, these charges are very serious and I'd say that

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Speaker 18: this case is more difficult case for the Special Council

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Speaker 18: then the Classified Documents case. Classified Documents case is a

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Speaker 18: little more straightforward and easier to prove. But this case

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Speaker 18: is important, very important, because of course of what it

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Speaker 18: alleges against Donald Trump, and it's laid out really well.

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Speaker 18: It's sort of the both cases. What we see is

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Speaker 18: what's called the talking indictment, whereby reading the indictment you

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Speaker 18: can see exactly what the government is going to have

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Speaker 18: to prove, the kind of evidence they have, and in

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Speaker 18: both cases they have a tremendous amount of evidence, and

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Speaker 18: it's just a question of what Donald Trump can do,

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Speaker 18: what kind of defense he can raise. As far as timing,

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Speaker 18: it's hard to tell what's going to happen and when

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Speaker 18: the cases are going to go forward. Because May twenty

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Speaker 18: if is when the Classified Documents case is supposed to

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Speaker 18: go to trial, but now that there's additional defendant and

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Speaker 18: additional charge, just I don't know that it's actually going

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Speaker 18: to meet that May twentieth, and it's any guess when

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Speaker 18: this case is going to trial. Trial, But the Special

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Speaker 18: Counsel is trying to get a speedy trial, he said,

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Speaker 18: because and One of the reasons I think that we

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Speaker 18: see only Donald Trump charge is that they want to

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Speaker 18: move this very quickly and they want to eliminate any

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Speaker 18: problems they have if there are more defendants in the case.

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Speaker 3: Yeah, we did hear Jack Smith say that he wanted

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Speaker 3: a speedy trial. But we've seen in the past that

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Speaker 3: former President Trump's legal team has tried to delay proceedings

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Speaker 3: many times before in the past cases as well. What

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Speaker 3: potential delays could the former president's team try to mount

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Speaker 3: based on this indictment.

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Speaker 18: Well, first of all, they could you know, little delays,

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Speaker 18: just delays for procedural issues, all kinds of like they

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Speaker 18: can file motion motion, practice, motion after motion, mass motion,

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Speaker 18: trying to get more information, or you know, just the'll file.

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Speaker 18: It's sort of like I remember going to work at

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Speaker 18: a law firm and leaving three years later, and one

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Speaker 18: of the cases I worked on that was there seven

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Speaker 18: years before was still waiting to be tried because there

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Speaker 18: are so many just prosidial motions that you can raise.

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Speaker 18: And also, what's going to happen here is Trump has trials.

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Speaker 18: October second of twenty three is the New York Journey

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Speaker 18: General's Fraud Trual January fifteenth of twenty twenty four is

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Speaker 18: Egene Carrol's second defamation suit. March twenty fifth of twenty

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Speaker 18: twenty four is the Manhattan criminal trial over the alleged

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Speaker 18: hush payments, and then May twentieth, twenty twenty fours is

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Speaker 18: handling up classified documents. So they're going to go into

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Speaker 18: court and say, your honor, we can't possibly handle all

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Speaker 18: these trials. We have to we need the breadth, and

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Speaker 18: we need time, and so that's going to be a

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Speaker 18: think a big delay factor is just when can they

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Speaker 18: actually go to trial? And you know, you have to

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Speaker 18: give the defendant. One thing that's really, you know, easy

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Speaker 18: to do or easy to understand, is the defendant saying,

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Speaker 18: wait a second, your honor, this isn't fair. I can't

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Speaker 18: handle all these things at once. I can't be in

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Speaker 18: all these different places at once. And so those kinds

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Speaker 18: of things.

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Speaker 3: All this is coming in the midst of a presidential

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Speaker 3: campaign as well, that's on top of the schedule. Does

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Speaker 3: that raise the possibility that all this could get pushed

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Speaker 3: back until after the election.

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Speaker 18: Well, that's something that the Special counsel is going to

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Speaker 18: try desperately not to happen. He's going to try everything

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Speaker 18: to try to move one of these cases at least

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Speaker 18: before the election. But you know it is a possibility

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Speaker 18: that is after the election. It's just hard to see

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Speaker 18: at this point how they can move all these cases

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Speaker 18: so quickly.

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