Manu raju begins right now breaking News Welcome to inside politics. Im Manu Raju in for Dana Bash were following major Breaking News on multiple fronts. First moments ago, new York Citys mayor indicted prosecutors, just announced five pub, Federal Public Corruption charges against eric adams, being Bribery And Wire fraud and moments from now, new York Appeals court will hear arguments in Donald Trumps push to overturn a civil Fraud Judgment that could unravel his Business Empire and cost him happen 1 1 Billion and then theres hurricane helene, 86 Million people are on alert as it rapidly intensifies and officials warn of lifethreatening Storm Surges will bring you updates from our team on the ground its better. To hear later this hour from the Fema Director at the White House but i want to start with a High Stakes appeal setting for Donald Trump former president , Fighting A 454 Million fine after Judge Arthur engoron ruled that he carried out a yearslong scheme of inflating assets tr
place for 24 counties in the storm s path, and is urging people across the state to start getting ready. we have team coverage tracking tropical storm ian. cnn s carlos suarez is covering storm preparations and meteorologist allison chinchar is in the weather center. you have a new update from the national weather center? we did. a good look now, sunlight for several hours, what this storm looks like on visible satellite. it s starting to come together. you see signs that the storm is beginning to strengthen even though the winds haven t jumped all that much. sustained winds 45 miles per hour, gusting up to 60 miles per hour. we have tropical storm watches in effect for jamaica, but hurricane watches for the cayman islands and the reason for that is we anticipate this storm is expected to strengthen to at least a category 1, possibly even a category 2 hurricane by the time it crosses over the cayman islands. then it will strengthen even more as it is making its way towards
Be nauseated by the companies that have already reported with the sole exception of tech, which is once between getting a pass. We could have more days like today where the dow lost 174 points, s p tumbled. 62 , nasdaq shed. 63 . It was much uglier at one point during the day. What makes me so sure earnings season could actually be so difficult . I think its because were rooting for lower inflation and less wage growth. But so far we just arent getting that scenario. Oh, yeah, we had a onetwo punch today of a hotter than expected Consumer Price index coupled with a Government Bond auction of 30year treasuries that fell flat. Causing the bond market to get crushed while the yields soared. What the heck is the government even doing offering a 30year treasury right now . They know nothing its the birkenstock of bonds. To reference an ipo that smelled like dirty feet. Pricing 46 bucks just before falling to 37 and change after the first two days of trading. Another day like today and it wi
criminal indictment. all right. and now a third legal matter involving the former president. this week the new york attorney general filed a $250 million civil lawsuit against donald trump and members of his family. the suit accuse of them of inflating or deflating assets for their gain in a massive fraud scheme that spans years before he ever entered the oval office. do you believe the new york a.g. has a strong case here? well, she has filed a complaint. we have to always remember in all litigation that the complaint or the indictment is just one side of the story. this is letitia james story. she says that he inflated improperly values and that constituted fraud. we have yet to hear from the former president or wakefield, the appraisal firm that is tied up in this thing, or deutsche bank, which is the bank that did the lending. so we really have to wait and