Latest / Bloomberg Intelligence / INSTANT REACTION: Donald Trump Becomes First Former US President Guilty of Crimes
Transcript
- 0:02Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
- 0:07Speaker 2: We just got from our reporters inside the courthouse. This
- 0:10Speaker 2: is on the first count, count one, Donald Trump is
- 0:14Speaker 2: found guilty. This is the former president of the United States,
- 0:17Speaker 2: current presumptive Republican nominee is now a convicted felon, at
- 0:21Speaker 2: least on one count. Count two also guilty. Remember, we
- 0:25Speaker 2: have thirty four counts to get through here. This could
- 0:28Speaker 2: take some time. Count three now Joe is also guilty.
- 0:31Speaker 3: They're going to keep coming in here pretty quickly as
- 0:34Speaker 3: the jury confirms to the judge they have a verdict,
- 0:36Speaker 3: and this is going to start moving one, two, three guilty.
- 0:40Speaker 3: Count four is just coming in right now. From our
- 0:43Speaker 3: reporters inside the courtroom. Will remind you that we do
- 0:46Speaker 3: not have cameras and microphones where the jury is reading
- 0:49Speaker 3: Count one guilty, Count two guilty, same for count three.
- 0:52Speaker 3: And it looks like we have so far all guilty
- 0:56Speaker 3: waiting for number four. If I'm reading this right, it's
- 0:58Speaker 3: now five guilty counts of thirty four. Kaylee will be
- 1:02Speaker 3: watching these stream in for the next couple of moments.
- 1:04Speaker 2: Well, and now it's six, seven, even up to nine
- 1:07Speaker 2: counts guilty. Dane it seems that we are looking fairly
- 1:11Speaker 2: consistent across all of these and it's worth keeping in
- 1:14Speaker 2: mind that now that we have a guilty conviction on
- 1:18Speaker 2: this twelve counts. Now he has been found guilty of
- 1:20Speaker 2: each one of these carries a maximum penalty of four
- 1:24Speaker 2: years in prison. Danna. Obviously he will not be sentenced today.
- 1:27Speaker 2: The judge will schedule that for later. But as we
- 1:29Speaker 2: now have sixteen guilty counts, do you expect he will
- 1:32Speaker 2: spend time behind bars eighteen.
- 1:36Speaker 4: I think that Judgement Shaan, throughout the course of the
- 1:38Speaker 4: trial has emphasized how big of a deal it would
- 1:42Speaker 4: be to put the former president and potential future president
- 1:46Speaker 4: in prison, and so I think he's going to be
- 1:48Speaker 4: weighing all of the options. I do not think Donald
- 1:51Speaker 4: Trump will be remanded today, so I don't think he'll
- 1:53Speaker 4: go in today. And we'll see what Judgementschhaan does down
- 1:56Speaker 4: the road. It'll be interesting to see.
- 1:59Speaker 3: We are now at twenty seven guilty counts. This is
- 2:04Speaker 3: remarkable as we make our way to thirty four. Here
- 2:07Speaker 3: now twenty nine guilty counts coming from the jury in
- 2:11Speaker 3: the courthouse in Lower Manhattan. Kaylee, we should probably let
- 2:15Speaker 3: this breathe. We're now at thirty thirty one on our
- 2:18Speaker 3: way to thirty four. This appears to be across the.
- 2:21Speaker 2: Board thirty two guilty. Now there's only two counts left remaining,
- 2:26Speaker 2: thirty three. We're waiting for the last one.
- 2:29Speaker 3: Remarkable.
- 2:30Speaker 2: Thirty four. Every single count with which Donald Trump was
- 2:34Speaker 2: charged thirty four felony counts of falsifying business records he
- 2:38Speaker 2: has indeed been found guilty of. Donald Trump is now
- 2:42Speaker 2: running for president as a convicted felon, A convicted felon.
- 2:46Speaker 3: Deanna, what is the Trump team planning now for an.
- 2:49Speaker 5: Appeal or an appeal?
- 2:52Speaker 4: They've been laying the groundwork throughout the course of the child,
- 2:55Speaker 4: starting with the testimony from Stormy Daniels and about the
- 3:00Speaker 4: the details of their sexual encounter. I think there's a
- 3:04Speaker 4: number of different things that have come up throughout, but
- 3:05Speaker 4: they've definitely been objecting enough that there are grounds for
- 3:09Speaker 4: them to at least attempt to appeal this.
- 3:14Speaker 2: All right, Dana, Paul, thank you so much for being
- 3:16Speaker 2: with us as we deal with a breaking in real
- 3:19Speaker 2: time story. Former President Donald Trump found guilty on all
- 3:22Speaker 2: accounts in this criminal hush money trial. Joining us now
- 3:26Speaker 2: for more analysis Bloomberg's Mario Parker and Megan Scully. Mario,
- 3:30Speaker 2: obviously you covered the Trump White House, you now lead
- 3:33Speaker 2: our White House and politics coverage. He is a convicted felon,
- 3:38Speaker 2: and yet he is still going to be unless something
- 3:40Speaker 2: changes the Republican nominee for president. What does this change
- 3:44Speaker 2: politically as we are going to await his sentencing on.
- 3:48Speaker 5: This, well, I think Joe used the word remarkable. What
- 3:51Speaker 5: a remarkable time where we're living here right now? Right
- 3:54Speaker 5: I'm looking at some of the polling that's out, It's
- 3:57Speaker 5: hard to tell at this point what will changing the
- 4:00Speaker 5: political landscape. Looking at some of the polling, our swing
- 4:03Speaker 5: state Bloomberg Morning Console poll had about twenty three percent
- 4:06Speaker 5: of swing state voters back in January saying that a
- 4:09Speaker 5: conviction may change their mind. Poll out this week from
- 4:12Speaker 5: PBS News Hour NPR, sixty seven percent of Americans say
- 4:17Speaker 5: that a conviction would make no difference. So we're all
- 4:20Speaker 5: over the place. What we do know is that the
- 4:22Speaker 5: Trump camp had already kind of started working the refs yesterday,
- 4:25Speaker 5: saying that even mother Teresa, who would be found guilty
- 4:29Speaker 5: in a case like this, now here's where the onus
- 4:31Speaker 5: is on a We know that Donald Trump doesn't want
- 4:35Speaker 5: the scarlet letter of a felony right on his record.
- 4:40Speaker 5: We know that the Biden campaign will be attacking him
- 4:43Speaker 5: along those lines. What they have to do is signal
- 4:46Speaker 5: that this isn't a hush money case that he got
- 4:48Speaker 5: convicted for. This is an election interference case, right, So
- 4:52Speaker 5: they have to figure out a way to change the
- 4:53Speaker 5: branding as long as it's a hush money case that
- 4:56Speaker 5: kind of works in Donald Trump's favor. Right, it's salacious,
- 5:00Speaker 5: but Americans are used to kind of the selaciousness with
- 5:03Speaker 5: Donald Trump.
- 5:03Speaker 3: This comes down to connecting the dots to that secondary argument. Essentially, Mario,
- 5:09Speaker 3: the reaction from Congress is going to be interesting here, Megan,
- 5:12Speaker 3: that's your area of specialty.
- 5:14Speaker 1: Here.
- 5:14Speaker 3: We've seen a good chunk of the Republican conference make
- 5:17Speaker 3: their way to this courthouse. What are the optics now
- 5:20Speaker 3: for them?
- 5:21Speaker 6: So they have been going to the courthouse. Speaker Johnson
- 5:24Speaker 6: has as have several potential vice presidential candidates, including JD.
- 5:30Speaker 6: Vance who's called for criminal investigation into Judge Marshan because
- 5:34Speaker 6: of the gag order. So Speaker of the House himself,
- 5:38Speaker 6: so yes, and I believe that we're just going to
- 5:42Speaker 6: see Republicans doubling down and getting behind the president. I
- 5:46Speaker 6: would be stunned if this changed anything for the lawmakers
- 5:51Speaker 6: who have been behind the president. Where it gets a
- 5:54Speaker 6: little harry for Republicans are in those close districts, those
- 5:58Speaker 6: districts that Biden cares and in the Hudson Valley and
- 6:01Speaker 6: in southern California, And it will be very interesting to
- 6:04Speaker 6: see how they respond to this. Yeah.
- 6:07Speaker 2: Absolutely, And of course we're waiting to see how Donald
- 6:10Speaker 2: Trump himself responds. We are expecting we will hear from
- 6:13Speaker 2: him this evening. But Mario Cours, the judge, is now
- 6:16Speaker 2: in the courtroom thanking the jury for what he calls
- 6:19Speaker 2: their hard work, the jury having just confirmed that, indeed
- 6:22Speaker 2: they have found Donald Trump guilty on all of these
- 6:25Speaker 2: counts of these crimes. Donald Trump has spoken outside that
- 6:29Speaker 2: courthouse every single day for the duration of this His
- 6:32Speaker 2: message has been consistent. He thinks that this is President
- 6:34Speaker 2: Biden who has mobilized this weaponized justice system against him,
- 6:39Speaker 2: that this is election interference. That message has been resonating.
- 6:43Speaker 2: Can he not just have more fortification of that message
- 6:47Speaker 2: now they convicted him? Does that actually give him political power?
- 6:52Speaker 5: And yes to that point, that's exactly what you're going
- 6:55Speaker 5: to expect to see.
- 6:56Speaker 4: Right.
- 6:56Speaker 5: I'm looking at my phone right now because I'm expecting
- 6:58Speaker 5: the fundraising appeals to come through.
- 7:00Speaker 7: Right.
- 7:00Speaker 5: We know that Donald Trump hasn't seen a negative a
- 7:04Speaker 5: piece of negative publicity that he hasn't tried to fashion
- 7:07Speaker 5: it towards benefit. I mean, he essentially ran through the
- 7:10Speaker 5: Republican primaries off the strength of some of these court cases. Right.
- 7:16Speaker 5: One of the things that I also want to note
- 7:18Speaker 5: is just the steady flow of public support that he's
- 7:22Speaker 5: got in the leaks as well. Right, We've got a
- 7:25Speaker 5: Miriam Addelson saying today that she's going to essentially back
- 7:28Speaker 5: a super pac form Steven Schwartzman over the last couple
- 7:31Speaker 5: of days, Bill Ackman earlier as well, Nicky Hayley last week. Right,
- 7:37Speaker 5: this isn't coincidental, Right, These are astute people. They know
- 7:40Speaker 5: the political backdrop right now as well. And this is
- 7:43Speaker 5: a signal too as to what their star warts support
- 7:46Speaker 5: for the former president.
- 7:48Speaker 3: If you're just joining us, this is special coverage on
- 7:50Speaker 3: Bloomberg TV and Radio with thirty four guilty counts. Guilty
- 7:53Speaker 3: on all counts for Donald Trump and the criminal hush
- 7:57Speaker 3: money trial in New York. If you're with us on
- 7:58Speaker 3: Bloomberg TV, you see live view outside the courthouse where
- 8:01Speaker 3: security is tight. Bloomberg's David Goura telling us that helicopters
- 8:06Speaker 3: were in the air in advance of the verdict being
- 8:08Speaker 3: read out, and we want to go to him now
- 8:10Speaker 3: with thanks to Megan Scully and Mario Parker. David Goura
- 8:13Speaker 3: in Lower Manhattan. I suspect, David, things have become rather
- 8:16Speaker 3: active outside the courthouse since this verdict was read. Do
- 8:20Speaker 3: we hear next from Donald Trump?
- 8:24Speaker 1: I think that we do, and I will say, as
- 8:26Speaker 1: I heard you're reading those verdicts. I was surprised by
- 8:29Speaker 1: how rapidly they came out, and I think that the
- 8:30Speaker 1: protesters who had gathered here in front of the courthouse
- 8:32Speaker 1: and Lower Manhattan were surprised as well. As you were
- 8:35Speaker 1: reading through those counts, noting that all of them were guilty.
- 8:38Speaker 1: We heard cheers erupt from that group of protesters, which
- 8:41Speaker 1: again had swelled in size. I'd say they're probably fifty
- 8:43Speaker 1: or sixty protesters who are gathered there now and then
- 8:46Speaker 1: there has been a heightened police presence in this area
- 8:48Speaker 1: for the duration of this trial. We saw movement as
- 8:51Speaker 1: that verdict was being read aloud in the courtroom. It's
- 8:53Speaker 1: now impossible to cross Center Street behind me. There's a
- 8:56Speaker 1: line of police officers now kind of standing sentry in
- 8:58Speaker 1: front of the courthouse, down the length of these blocks
- 9:01Speaker 1: of Center Street in front of the courthouse behind me.
- 9:04Speaker 1: So the atmosphere feels, yes, a great deal tenser, and
- 9:07Speaker 1: I think there's this expectation, the sense of wondering what's
- 9:09Speaker 1: going to happen next, and when are we going to
- 9:10Speaker 1: hear from the former president. My understanding is from colleagues
- 9:13Speaker 1: who are in the courtroom he sat rather motionless as
- 9:16Speaker 1: those verdicts were announced. So we wait to see sort
- 9:19Speaker 1: of how that is transposed into comments from the former
- 9:21Speaker 1: president here in the coming minutes.
- 9:24Speaker 2: We understand that happening in the courtroom now included the
- 9:28Speaker 2: defense David essentially asking for a judgment of the acquittal.
- 9:32Speaker 2: That motion was denied by Judge Mrshawan, but Todd Blanche,
- 9:35Speaker 2: Donald Trump's defense attorney, argued that there was no way
- 9:38Speaker 2: the jury could have reached a verdict without relying on
- 9:40Speaker 2: the testimony of Michael Cohen, who Blanche said was a liar,
- 9:44Speaker 2: that there was no reason the court should allow a
- 9:46Speaker 2: verdict for that reason. I guess that just speaks to
- 9:49Speaker 2: David the idea that this isn't necessarily done and dusted. Yes,
- 9:52Speaker 2: Trump is now a convicted felon, has been found guilty
- 9:54Speaker 2: on all thirty four of these counts, but his defense
- 9:57Speaker 2: could still try to appeal this and continue to fight
- 9:59Speaker 2: this battle.
- 10:02Speaker 1: I think that's all but certain. And you hear Todd
- 10:03Speaker 1: Blanche sort of laying the groundwork for that in the
- 10:05Speaker 1: courtroom now in a way that you would expect him
- 10:07Speaker 1: to do. And so we're now in this kind of
- 10:09Speaker 1: vacuum that opens up between this conviction and when Judge
- 10:12Speaker 1: Jan Mrschon will sentence the former president. And having spoken
- 10:16Speaker 1: to a few lawyers in advance of this decision, you
- 10:18Speaker 1: know he's a first time felon. This is a low
- 10:21Speaker 1: grade felony. I think that it is not by any
- 10:24Speaker 1: means likely that he's going to serve prison, but time
- 10:26Speaker 1: in prison, But it is, of course up to the
- 10:27Speaker 1: judges discretion and the expectation here is in the state
- 10:30Speaker 1: of New York, that's going to happen in about a
- 10:32Speaker 1: month from now, So again it'll be a vacuum that
- 10:35Speaker 1: opens up here. Now this conviction is in place, and
- 10:37Speaker 1: we'll see how the president operates in that vacuum. As
- 10:39Speaker 1: as you've been discussing here over these last few minutes,
- 10:42Speaker 1: he is moving full speed ahead toward the election in
- 10:44Speaker 1: early November, and this moves from the cruispool of this
- 10:47Speaker 1: courtroom that he's been so clearly uncomfortable in and eager
- 10:49Speaker 1: to get out of, onto the campaign trail ahead of
- 10:52Speaker 1: the general election in November.
- 10:54Speaker 3: David, thank you so much. Bloomberg's David Gora outside the
- 10:57Speaker 3: courthouse as we wait to hear from the former president
- 11:00Speaker 3: as part of our special coverage on Bloomberg TV and Radio.
- 11:03Speaker 3: Let's bring back Deanna Paul, former New York City assistant
- 11:06Speaker 3: da watching this along with us. We read the counts together,
- 11:09Speaker 3: we learned the verdict together.
- 11:11Speaker 4: Deanna.
- 11:12Speaker 3: How long is it going to be before Americans hear
- 11:14Speaker 3: about a sentence?
- 11:17Speaker 4: I agree with what David was just saying. I would
- 11:19Speaker 4: say probably about a month before Donald Trump has to
- 11:23Speaker 4: come back to court and Judge Mrschan will sentence him.
- 11:25Speaker 4: But given the historic nature of the case and who
- 11:29Speaker 4: who the defendant is, I'm not sure if it'll be
- 11:32Speaker 4: kind of par for the course.
- 11:34Speaker 2: Well as if they could hear us. Judge Marshon has
- 11:37Speaker 2: just answered that question. Todd Blanche requested a day in
- 11:40Speaker 2: mid to late July, and Judge Mrschan says July eleventh
- 11:44Speaker 2: will be the date for the sentencing. Remarkable to consider
- 11:47Speaker 2: that July eleventh is just four days before the beginning
- 11:50Speaker 2: of the Republican National Convention, where Donald Trump is expected
- 11:54Speaker 2: to officially become the Republican nominee for president in twenty
- 11:58Speaker 2: twenty four. So it's interesting to consider the speech that
- 12:02Speaker 2: Donald Trump will be giving that week Diana could be
- 12:04Speaker 2: colored by the fact that he will ultimately know what
- 12:07Speaker 2: punishment he is facing for these crimes that he has
- 12:10Speaker 2: been found guilty of. But the appeals process is we
- 12:13Speaker 2: were just talking about what David Gurrow will likely extend
- 12:16Speaker 2: far beyond July. Correct.
- 12:19Speaker 4: Absolutely, and I imagine when Donald Trump and his attorneys
- 12:23Speaker 4: speak today, that's exactly what they're going to say, is
- 12:25Speaker 4: that they have every intention of filing an appeal immediately.
- 12:31Speaker 3: We've got a statement from the Speaker of the House, Kayley,
- 12:34Speaker 3: can you bring that to us.
- 12:35Speaker 2: Yeah, Speaker Mike Johnson just releasing the following statement. He says,
- 12:39Speaker 2: quote today is this shameful day in American history? Democrats
- 12:43Speaker 2: cheered as they convicted the leader of the opposing party
- 12:45Speaker 2: on ridiculous charges predicated on the testimony of a disbarred,
- 12:48Speaker 2: convicted felon. This was purely political exercise, not a legal one.
- 12:53Speaker 2: The House speaker goes on to say, the weaponization of
- 12:55Speaker 2: our justice system has been a hallmark of the Biden administration,
- 12:58Speaker 2: and the decision today is further evidence that Democrats will
- 13:00Speaker 2: stop at nothing to silence dissent and crush their political opponents,
- 13:06Speaker 2: Echoing what we have heard from the former president here.
- 13:09Speaker 3: Again in a couple of moments, Deana, can you speak
- 13:11Speaker 3: to this. We're going to hear about weaponizing the federal
- 13:14Speaker 3: justice system. We have been for months, will continue to
- 13:16Speaker 3: straight through sentencing or maybe the rest of this campaign,
- 13:19Speaker 3: but we're talking about a state level court here. How
- 13:23Speaker 3: do you square that? Before you answer that, Danna, it
- 13:28Speaker 3: looks like we do have the former president coming out now.
- 13:30Speaker 3: We want everyone to hear what he has to say.
- 13:31Speaker 3: Let's listen live to Donald Trump.
- 13:33Speaker 7: Agreed trial by a conflicted judge who was corrupted. It's
- 13:38Speaker 7: a rig trial and disgrace. It wouldn't give us a
- 13:42Speaker 7: venue change. We were at five percent or six percent
- 13:47Speaker 7: in this district, in this area. This was a rigged,
- 13:51Speaker 7: disgraceful trial that the real verdict is going to be
- 13:56Speaker 7: November fifth by the people. And they know what here,
- 14:00Speaker 7: and everybody knows what happened here. You have a sore
- 14:03Speaker 7: respect DA and a whole thing. We didn't do a
- 14:08Speaker 7: thing wrong. I'm a very innocent man, and it's okay.
- 14:13Speaker 7: I'm fighting for our country. I'm fighting for our constitution.
- 14:17Speaker 7: Our whole country is being rigged right now. This was
- 14:20Speaker 7: done by the Biden administration in order to wound or
- 14:24Speaker 7: hurt an opponent, a political opponent, And I think it's
- 14:29Speaker 7: just a disgrace. And we'll keep fighting. We'll fight till
- 14:32Speaker 7: the end and we'll win because our country's gone to hell.
- 14:36Speaker 7: We don't have the same country anymore. We have a
- 14:38Speaker 7: divided mess. We're nation to decline, serious decline. Millions and
- 14:43Speaker 7: millions of people pouring into our country right now from
- 14:47Speaker 7: prisons and from mental institutions, terrorists, and they're taking over
- 14:53Speaker 7: our country. We have a country that's in big trouble.
- 14:56Speaker 7: But this was a rigged decision right from day one,
- 15:00Speaker 7: with a conflicted judge. You should have never been allowed
- 15:02Speaker 7: to try this case. Never, and we will fight for
- 15:06Speaker 7: our constitution. This is Lord from over, thank you very much.
- 15:09Speaker 2: Fright or felony counts of falsifying. That was former President
- 15:21Speaker 2: Donald Trump speaking outside the courthouse after just being found
- 15:23Speaker 2: guilty on all thirty four felony counts of falsifying business records.
- 15:27Speaker 2: They're maintaining he is innocent, essentially vowing that he will
- 15:30Speaker 2: be appealing this also repeating false claims he has made
- 15:33Speaker 2: consistently over the course of this trial, that the judges corrupt,
- 15:37Speaker 2: that this is rigged, that the Biden administration is to blame.
- 15:40Speaker 2: Those are words he has consistently uses, even if they
- 15:42Speaker 2: are not in fact accurate. We want to turn back
- 15:45Speaker 2: now to Bloomberg's Meghan Scully and Mario Parker for more analysis. So, Meghan,
- 15:49Speaker 2: it was interesting to hear Donald Trump say those words
- 15:53Speaker 2: when we just read from a statement many similar words
- 15:56Speaker 2: in phrasing from the House Speaker Mike Johnson, which goes
- 15:59Speaker 2: to show it is not just Donald Trump that is
- 16:01Speaker 2: singing this tune, but other powerful Republicans in Washington.
- 16:05Speaker 6: Absolutely, we just got a statement in from the Judiciary chairman.
- 16:10Speaker 6: It's calling this a travesty of justice, and they're just
- 16:13Speaker 6: pouring in one after another talking, really taking on Judge Marshawn,
- 16:18Speaker 6: calling this a rig trial, using language that we've grown
- 16:21Speaker 6: accustomed to Donald Trump using, essentially really putting into question
- 16:27Speaker 6: the justice that happened today and the decision that the
- 16:31Speaker 6: jurors came to. That's a rarity or that was a
- 16:34Speaker 6: rarity in American politics. And this is sort of a
- 16:38Speaker 6: continuation of a long trend here, but really coming to
- 16:42Speaker 6: a culmination today with the responses.
- 16:45Speaker 3: So we just heard from the former president. If you're
- 16:47Speaker 3: just joining us on Bloomberg, this is special coverage with
- 16:50Speaker 3: thirty four guilty counts against the former president in Lower Manhattan.
- 16:54Speaker 3: He spoke very briefly, suggested once again that the trial
- 16:59Speaker 3: was rigged and that the real jury would decide in
- 17:03Speaker 3: November on the outcome of this case. Our reporters inside
- 17:06Speaker 3: the room bring some color, remembering there are no cameras
- 17:09Speaker 3: or microphones inside the courthouse on Center Street. Donald Trump
- 17:13Speaker 3: bumping fists with his son Eric, looking grim on his
- 17:17Speaker 3: way out of the court before we heard him speak.
- 17:20Speaker 3: Our reporters tell us when they were looking right at him,
- 17:23Speaker 3: he showed no emotion and did not show any reaction.
- 17:27Speaker 3: When the verdict was announced, he stared straight ahead, Mario
- 17:30Speaker 3: Parker is back with us as well, Mario, your take
- 17:33Speaker 3: on this idea of the trial being rigged, The election
- 17:37Speaker 3: in twenty twenty was rigged, Jack Smith's case rigged, the
- 17:42Speaker 3: documents case in Florida all rigged.
- 17:45Speaker 5: Yeah, there's a trend there, right, so that you point
- 17:47Speaker 5: out anytime that things don't go Donald Trump's way, this
- 17:49Speaker 5: is the card that he usually plays, right. But to
- 17:52Speaker 5: Megan's point, what you're saying is that the party has
- 17:55Speaker 5: essentially adopted that tone and that posture as will, and
- 17:58Speaker 5: they're rallying to his defense. Now again, we would expect
- 18:01Speaker 5: against based off of polling, that Republicans will buy and
- 18:04Speaker 5: large stand with him by and large, maybe about twenty
- 18:07Speaker 5: five percent may waiver. The problem here for Donald Trump
- 18:11Speaker 5: is going to be that Joe Biden is going to
- 18:14Speaker 5: be labeling him presumptive Republican presidential nominee fell in and
- 18:19Speaker 5: convicted felon Donald Trump, and that'll be message to swing
- 18:23Speaker 5: voters over the next five months and including the timeline
- 18:26Speaker 5: that you all laid out from the convention, the debates
- 18:29Speaker 5: in June twenty seventh as well, just a couple of
- 18:31Speaker 5: weeks before the sentencing.
- 18:32Speaker 2: Well, it's worth pointing out as well, it's not just
- 18:35Speaker 2: what voters ultimately decide to do, but what donors decide
- 18:37Speaker 2: to do between now and when people actually go to
- 18:40Speaker 2: the polls in November, because there are millions of dollars
- 18:42Speaker 2: to be raised and spent in a presidential campaign. Mario,
- 18:45Speaker 2: especially considering we got the verdict on the same day
- 18:48Speaker 2: that we had reporting that Bill Ackman maybe getting close
- 18:52Speaker 2: to backing Trump. He has received in recent weeks, the
- 18:54Speaker 2: backing of more billionaires who weren't previously in line with him.
- 18:57Speaker 2: How should we consider the money here and whether or
- 19:01Speaker 2: not it perhaps is even going to get thrown at
- 19:03Speaker 2: him more so as a result of this conviction.
- 19:06Speaker 5: Well, that's what they're banking on, right, That's what the
- 19:07Speaker 5: Trump camp is banking on. They're banking on the fact
- 19:10Speaker 5: that again we've kind of outlined just that through lines
- 19:13Speaker 5: in between the rhetoric that some of his advocates and
- 19:16Speaker 5: surrogates have used the rig for example, So some of
- 19:19Speaker 5: this was baked in, right, the expectation that he very
- 19:22Speaker 5: well could have been convicted of this and yet to
- 19:26Speaker 5: your point, Kayley, I mean, you've had donors who knew,
- 19:29Speaker 5: who are quite aware that today or the verdict could
- 19:32Speaker 5: have come in at any time publicly saying that they're
- 19:34Speaker 5: going to back him with money as well. So that
- 19:36Speaker 5: kind of shows that, I mean, some of this is
- 19:38Speaker 5: baked in, and the Trump campaign is going to continue
- 19:41Speaker 5: to kind of message.
- 19:41Speaker 3: That the congressional reaction I suspect could be pretty loud
- 19:44Speaker 3: beyond the statements that are going to be hitting our
- 19:45Speaker 3: email boxes for the next twenty four hours. Megan, you
- 19:48Speaker 3: mentioned jd Vance a potential investigation into what's motivating Juan Rashon,
- 19:54Speaker 3: But how about beyond that, are we going to be
- 19:56Speaker 3: in for another six months of oversight committee hearings? The
- 20:00Speaker 3: Judiciary Committee get involved here, Jim Jordan has to get
- 20:03Speaker 3: a piece of this, right.
- 20:04Speaker 6: Well, it's going to be interesting to see what happens
- 20:06Speaker 6: because if you recall, the impeachment push for President Biden
- 20:10Speaker 6: has essentially stalled in the House. So do they try
- 20:14Speaker 6: to revive that, do they go back and look at
- 20:17Speaker 6: impeaching another cabinet official like they did with Alejandro Amiorkis,
- 20:21Speaker 6: the Homeland Security Secretary, And what do they do on
- 20:25Speaker 6: the Hill. We are now at a point on the
- 20:26Speaker 6: Hill where they have switched into campaign mode. So we
- 20:29Speaker 6: have tons of legislation coming to the floor that are
- 20:32Speaker 6: messaging votes, things that are never going to become law,
- 20:36Speaker 6: but that are good for their candidates to vote on.
- 20:39Speaker 6: And I think that there will certainly be some messaging
- 20:43Speaker 6: legislation targeted at supporting Donald Trump.
- 20:46Speaker 2: It also raises the question what Congressional Democrats may do,
- 20:49Speaker 2: considering this is one criminal case that Donald Trump was
- 20:52Speaker 2: dealing with. Three others are stalled. This one has now
- 20:55Speaker 2: come to a conclusion, at least for now. The appellate
- 20:57Speaker 2: process is something different. Others are stalled, in part because
- 21:01Speaker 2: we are awaiting a decision from the Supreme Court on
- 21:03Speaker 2: the case here in Washington about whether or not Trump
- 21:06Speaker 2: has presidential immunity, And a lot of Congressional Democrats have
- 21:08Speaker 2: been making a lot of noise about the idea that
- 21:11Speaker 2: Clarence Thomas and Alito should be recusing themselves from the
- 21:15Speaker 2: cases involving Donald Trump in January sixth, does that only
- 21:19Speaker 2: intensify now knowing that the Chief Justice John Roberts today
- 21:22Speaker 2: said he won't be meeting with Congressional Democrats over this
- 21:25Speaker 2: recusal issue.
- 21:26Speaker 6: I think it does, and we're seeing that come from
- 21:29Speaker 6: people like Democrat Jamie Raskin of Maryland, who is a
- 21:33Speaker 6: constitutional scholar and oversaw one of the impeachments of Donald Trump,
- 21:38Speaker 6: talking about ways that they can get Alito and get
- 21:45Speaker 6: Clarence Thomas to recuse themselves from these January sixth related
- 21:49Speaker 6: Trump related decisions. And we're going to see a push.
- 21:53Speaker 6: Whether or not that can that will actually come to
- 21:55Speaker 6: fruition remains to be seen because we are in uncharted territory.
- 22:00Speaker 6: This has never happened in the history of our nation
- 22:02Speaker 6: that a former president be convicted on felony charges, let
- 22:07Speaker 6: alone a former president who is the presumptive party nominee
- 22:11Speaker 6: for the next election. So it's going to be a
- 22:15Speaker 6: bumpy time on Capitol Hill with a lot of mudslinging
- 22:18Speaker 6: and a lot of new paths being charted.
- 22:25Speaker 3: Rat Bloomberg's Megan Scully and Mario Parker with breaking analysis.
- 22:29Speaker 3: Thanks for being with us both in the clutch