Slowing economic growth and firm inflation spells trouble for Wall Street. Gross domestic product expanded at a 1.6% seasonally- and inflation-adjusted annual rate in the first quarter the Commerce Department said. The pullback from last year’s quick pace lagged behind the 2.4% projected by WSJ-polled economists. The data also suggested inflation, using the Fed’s preferred gauge, was likely firmer than expected in March. That gives investors another reason to stop expecting the central bank to cut interest rates in the coming months.
NY Post 4/26/24 |
In a stunning reversal, Harvey Weinstein’s rape conviction in New York has been overturned by the state’s highest court, citing "egregious errors." The case galvanized the #MeToo movement, which targeted celebrities' sexual misconduct. @EvaPilgrim reports. pic.twitter.com/K8aqIalN6R
— World News Tonight (@ABCWorldNews) April 26, 2024
➤SCOTUS SEEMS OPEN TO TRUMP IMMUNITY DEFENSE: The Supreme Court appeared open to some of Donald Trump’s immunity claims. The justices considered whether former presidents should be granted immunity from being prosecuted for alleged crimes committed while in office, and specifically whether Trump could be prosecuted on charges that he conspired to steal the 2020 presidential election. He denies any wrongdoing, but has argued that if he broke the law, the Constitution’s framers preferred to let a president get away with crimes than worry about the potential of future prosecution.
U.S. Supreme Court justices appeared to focus on a potential middle ground regarding presidential immunity as they heard arguments on whether former President Donald Trump should be granted immunity from prosecution on criminal charges of interfering in the 2020 presidential… pic.twitter.com/Ji7CPEqZst
— CBS Evening News (@CBSEveningNews) April 25, 2024
The Supreme Court, which spent little time discussing the specifics of Trump’s case, signaled an interest in broadly protecting the presidency for the future. Any high court decision embracing that position could further delay or end Trump’s trial.
WATCH: @TulsiGabbard calls out MSNBC: "You look at the kind of stuff that Morning Joe says, they’ve never known a greater president, 'Joe Biden’s at the top of his game'. It’s become comical at this point, because the truth is staring us all in the face.”
— TV News Now (@TVNewsNow) April 25, 2024
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➤PECKER TALKS: David Pecker testified about deals to bury stories that could be damaging to Trump. Here's what he said. Longtime tabloid publisher David Pecker was questioned by the prosecution and cross-examined by Donald Trump's attorney in the former president’s criminal hush-money trial.
Former National Enquirer publisher David Pecker testified again in court today, detailing the alleged scheme to quash negative stories about Trump and make up negative stories about his opponents during the 2016 presidential campaign.
— NBC Nightly News with Lester Holt (@NBCNightlyNews) April 25, 2024
@VaughnHillyard reports. pic.twitter.com/ipWyAtYDwu
During the prosecution’s questioning on Thursday, the longtime tabloid publisher told jurors about the practice of buying stories that could be damaging to Trump and refusing to publish them. His testimony included references to adult film actress Stormy Daniels and former Playboy model Karen McDougal.