winter. talk us through the headlines this morning, particularly with david pecker, this immunity deal and what prosecutors think he knows. >> hallie, it is a great question. this is specific to count 7 that michael cohen pled guilty to on tuesday. basically, the american media company was involved. according to the court filings, and what michael cohen said in court, they were involved in a payment to karen mcdougal, who says she had an affair with the president of the united states. the president has denied that affair. however, what was set up here was to pay her for her story. then kill the story, in other words, not publish the story. this is all part of count 7. basically, if you're federal prosecutors moving toward an indictment, our reporting is that they were going to indict michael cohen yesterday. instead, late last week, he decided, and over last weekend, he decided he wanted to come in and perhaps put together a plea. basically, if you're going to set up and have a trial, you