Trump Indictment: What to Expect Next
Donald Trump will drop another bombshell on the 2024 presidential election by surrendering himself to authorities for the second time in two months with legal charges. Within minutes, he started a fundraiser in the wake of the news.
The indictment won’t be released until next week, but some details have come to light. Former president and leading Republican nominee faces seven criminal charges He claimed that he mishandled classified documents during his time in the White House and thwarted government efforts to retrieve them. He is scheduled to appear before authorities on Tuesday.
Trump himself announced the news last nighta sign that his entourage was doing preparing for prosecution several weeks.
On his platform Truth Social, Trump called the charges “election interference at the highest level”, adding: “I’m innocent.”
Trump’s legal troubles continue to pile up. But the indictment carries with it greater “legal gravity and political danger.” The Times’ Peter Baker wrote:. Not only is this a first in American history for the former president, but it also involves national secrets.
Here’s a rundown of other legal issues he faces:
Last month a federal grand jury ordered Trump sued journalist E. Gene Carroll for $5 million in a civil lawsuit for sexually abusing and defaming her. Carroll’s lawyers have again filed charges against Trump over what he said about her later.
In April, New York authorities indicted Trump for falsifying business documents related to hush money payments to porn star Stormy Daniels ahead of the 2016 presidential election.
Trump is also under investigation for alleged election fraud in Georgia.the decision is expected later this summer.
Trump’s Republican challengers defended him. Florida’s closest rival in the polls, Ron DeSantis, has accused the Biden administration of weaponizing the Justice Department to counter political opponents. And anti-awakening investor Vivek Ramaswamy said: If elected president, please forgive Trump..
The last time he was indicted, Mr. Trump garnered support in the polls. It is unclear whether the public will be so supportive this time.a Yahoo-YouGov poll Nearly two-thirds of Americans revealed that they view stealing classified documents and obstructing investigations as serious criminal problems. A similar percentage feel they shouldn’t be president if convicted.
So far conservative big money donors have kept quiet about the latest allegations.many abandoned After endorsing Trump in the last election cycle.
what is going on here
A wildfire haze is advancing from the northeast. In cities such as New York and Philadelphia, air condition is improvedHowever, noxious smoke spreads to the south and west. The FAA has lifted ground stops at LaGuardia and Newark airports. But scientists el nino weather phenomenon has started, and I have a feeling that it will be even hotter next year.
China has suffered Not enough of inflation. New monthly data shows that Producer prices fell 4.6% Although May’s year-on-year rate fell sharply for the first time in seven years, consumer prices rose just 0.2%.In contrast to the West, which has suffered from rapid inflation, the trend suggests that a slowdown in China’s economy could be imminent. suffer from deflation.
The White House is reportedly preparing to end the student loan forgiveness program. Biden administration officials privately fear that the Supreme Court will: withdraw the proposal, According to The Wall Street Journal, this would eliminate up to $20,000 per capita education debt for millions of Americans. The White House is preparing a less legally risky alternative to help borrowers.
GM’s electric vehicles will be able to access Tesla’s charging network. The move follows a similar announcement by Ford. Greatly expands charger accessibility But some in the industry are concerned that increased adoption of Tesla’s plugs, which are now likely to become the industry standard, will give Elon Musk’s company even greater power in the EV market. there is
The bull market rally has already been tested
Investors ignored dismal labor market data and new inflation warnings, pushing the S&P 500 into bull market territory on Thursday. But even that enthusiasm seemed to be waning on Thursday morning as stock futures signaled the market was starting lower.
The bear market lasted 248 trading days, Longest implementation since 1948. The S&P 500 is up 20.04% since its October low, just enough to jump into a bull market. The benchmark index is still about 10 percent off its all-time high. Therefore, some market insiders say: It’s too early to call this a true bull market.
Investor enthusiasm for artificial intelligence underpins the rise. Deutsche Bank analysts say the FANG+ index — a collection of large-cap tech stocks, many of which have ventured into the AI space — is up nearly 80% since ChatGPT debuted in November. .
Now for the bad news… More economists believe next week’s consumer price index report will show higher core inflation. That could force the Fed to raise rates further in July, if not next week.
And there are signs of an economic downturn. The Labor Department on Thursday reported 261,000 initial unemployment claims. Best numbers since October 2021.
Economic uncertainty is expected to persist. That is message Former Italian Prime Minister and ECB President Mario Draghi said in a speech at MIT on Thursday.
The famous economist, who once vowed to “do whatever it takes” to save the euro, is bearish about the future. As central banks grapple with the climate crisis, supply chain reshoring and the impact of Russia’s war with Ukraine, he said advanced economies are facing persistent inflation, high budget deficits, high interest rates and low potential growth. He warned that he was facing a “precarious cocktail”.
Cryptocurrency Protagonists Explain the Case
Regulators and cryptocurrency executives made their case in public opinion court this week after the SEC sued two of the biggest exchanges in the industry, Binance and Coinbase, for accusing it of stepping up its crackdown on the industry. is deployed.
“I’ve seen this story before.” SEC Chairman Gary Gensler Speaking at a fintech conference on Thursday, he likened the prevalence of non-compliance in cryptocurrencies to the era of “crooks” and scams a century ago. He denied allegations that digital asset businesses are unable to comply with existing regulations or are unaware that they apply. “When cryptocurrency market participants say on Twitter or on TV that they lacked ‘fair notice’ that their actions may be illegal, they shouldn’t,” he said. please. ”
Coinbase bosses say new regulation is needed. The company’s CEO Brian Armstrong, speaking at an event on Wednesday, said the rules were unclear and needed updating. SEC lawsuit certainly weighs on his firm: rating agency Moody’s, coinbase downgraded Stable to negative on Thursday due to prices.
Binance is undergoing a restructuring. The company’s Americas division announced Thursday: Customers are no longer allowed to trade in USD, after the bank stopped trading with it. At the same time, the SEC said it was trying to find “alternatives” to file legal documents with Binance. Zhao ChangpengThe company’s CEO told a federal court it was difficult to pinpoint where he was.
who’s judging? The SEC case against Coinbase of New York was presided over by District Judge Jennifer Rearden.she Last year’s nomination enraged some Democrats. Because she represented Chevron as an attorney at Gibson Dunn & Crutcher. She also handles government appeals. Bankrupt Crypto Broker Voyager Sells It signed a deal with the U.S. arm of Binance, putting the deal on hold in March.
Washington, D.C. U.S. District Court Judge Amy Berman Jackson is the presiding judge in the Binance case and is best known for overseeing the criminal cases against two of Trump’s advisers, Paul Manafort and Roger Stone. Are known. He plans to hold a hearing next week on the SEC’s request to freeze Binance’s assets.
“I didn’t know ChatGPT could fabricate an incident.”
— Stephen Schwartz, A lawyer who has been active in New York for 30 years. He said he used a chatbot to prepare legal briefs for federal judges, which he found to be disappointing, including false judicial opinions and legal citations. Stated.
Buzzword of the Week: “Spatial Computing”
Apple announced its first augmented/virtual/mixed reality headset this week, but none of those words appear in the nine-minute video about the $3,500 Vision Pro goggles on the company’s website. . Instead, the company preferred the more ambiguous term “spatial computing.”
Apple is about to put its own stamp on this category. As for spatial computing, “no one knows what it is, and that gives Apple an opportunity to define it,” says For the Culture: The Power Behind What We Buy, What We says Marcus Collins, author of Do and Who We. I want to be,” he told DealBook.
Apple has done this successfully in the past. Before the App Store, people didn’t talk about apps. They talked about “software programs”.
And while the iPhone and AirPods were neither the first mobile phones nor the first earbuds, they were explosive hits (despite being priced higher than their competitors).
Communications consultant Jim Posner, who has led teams at Twitter and Google, said the target audience might be investors and media, not consumers. “They’re selling products to people,” he says. “They are pitching the concept to the tech press, industry analysts and investors.”
Mark Zuckerberg shared his thoughts on Apple’s Vision Pro goggles elsewhere. “We were very curious to see what they would ship,” said Mehta CEO. told employees on thursday“And their lack of magical solutions to the laws of physics that we have not yet studied bodes well for our own development.”
Information of sale
The state of Louisiana passed legislation that: block online services — including Instagram, TikTok, and Fortnite — for children under 18 without parental permission. (New York Times)
The Supreme Court unanimously ruled the dog toy maker that its products were closely related. Similar to a bottle of Jack Daniel’s whiskey. (New York Times)
best of the rest
We appreciate your feedback.Please email your comments and suggestions to [email protected].