a few things fuelling this record run here. a slow but steady economic recovery, soaring profits, unprecedented aid from the federal reserve. they kept interest rates low. a bull market ends with a 20% loss. there have been several close calls. close call in 2011. remember when america s credit was down graded. stocks never actually fell 20%. analysts think the bull still has more room to run. bull market marks don t die of old age. there is not an expiration stamp on there. there are a few threats, trade war, rising inflation. overall the economy here quite strong. global stocks, though, mostly lower today, because u.s. politics are shaking markets here as top aides to president trump were convicted in tral court. guilty plea, guilty verdicts as well, china gearing up for
supporters still revived that all too familiar chant from the campaign trail at the rally. this is draining the swamp off of there president trump is planning 40 days on the road, campaigning before the mid-terms. 76 days away. political and legal implications, let s ask the attorney for the middle district of georgia, michael moore and zach wolf. let s start with the legal. michael what does this mean as far as michael cohen, what does it mean legally for the president of the united states? well, i mean, trump s name was among the cohen plea, details, he is essentially involved. we know that apparently at his direction, this fec violation and this crime was conducted.
two, i say!! like my father before. [telephone ring] like my father before. ahoy-hoy! as long as people talk too loudly on the phone, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. . michael cohen pleads guilty and implicates the president. paul manafort found guilty of financial crimes. what does this all mean for president trump, who a prominent law no fessor is an alleged co-conspirator in the white house. california congressman hunter duncan indicted for using a quarter million in campaign cash to live beyond their means. and murder charges have been filed against a man who police say killed an iowa college student the suspect an
undocumented immigrant. we will talk about a category 5 hurricane bearing down on hawaii. that s ahead. welcome back to early start. i m dave briggs. i m christine romans. stunned, rattled, blindsided, some of what our sources say about the reaction in the white house after a pair of top trump aides become convicted felons, michael cohen, the president s former fixer, pleaded guilty. admitting he acted at the direction of mr. trump to keep two women women quiet during the campaign to sway the election. nearly the same moment a jury returns guilty investigators against paul manafort on eight counts of financial crisis. a republican congressional source tells cnn top party leaders are quote trying to catch their breath. even the president s support, see the significance of the convictions the dredge report calling it trump tell hour. the attorney for michael cohen suggests the long-time fixer could still have damaging