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breaking news just in. "the wall street journal" is reporting that federal prosecutors in manhattan are investigating the trump inaugural committee and whether top donors gave money for access to the trump administration or more, anything that could violate federal corruption laws, according to "the journal." our cnn legal analyst joins me on the phone. how locally significant could this story be? >> reporter: it could be big, jake. it looks like a lot of evidence came out of the search warrant that the southern district of new york did on michael cohen's office and hotel back in april, and -- and we know that the southern district got tens of thousands of documents, and it looks like this could be based on that. there could be various different potential federal crimes implicated here. first of all, if money was given

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