President s former attorney yesterday surrendered to the f. B. I. And pleaded guilty to eight charges and he took Donald Trumps name with him cohen told federal prosecutors that trump wanted him to use Campaign Funds in order to affect the outcome of the u. S. President ial election at almost the same time yesterday paul mann a ford trucks former Campaign Manager was convicted on charges including tax and bank fraud now the comparisons with the Watergate Scandal are obvious and abundant never in the Trump Presidency has the word impeachment been used as often as right now yet it is doubtful that President Trump sees himself as another Richard Nixon last night as the news was breaking he took to the stage at a rally in West Virginia as if he had stepped into an alternate reality trump was cheered by the crowd and he clapped while people chanted hillary. Mana ford was convicted on eight cans of financial crimes money for its trial is the first to emerge from Special Counsel robert millers investigation into russian meddling in the twenty sixteen election. Faces a second trial next month on several charges including acting as an agent for a Foreign Government in washington critics of donald trump staged this protest they seem to have no doubt that he colluded with russia but its likely to take some time before a Special Counsel miller reaches any conclusion about. A former federal prosecutor from new jersey in new york mr extensively on the Special Counsels investigation into russian medley. In the u. S. Election and that possible collusion he joins me tonight from new york mr hornik welcome to the date id like to get your opinion maybe an answer to that question that i posed at the beginning of the program how worried should double trump be
consider what we saw yesterday you know we saw these two men who had been in trumps inner circle and now one is convicted one has pleaded guilty to these eight counts and that happened in the same day you see the u. S. President in West Virginia being cheered by a crowd that it seems is almost boosted by the fact that the president is implicated in possible crimes so you cant can you saying it with good conscience and good faith that the system in the United States is going to withstand all of this. Well it looks the same from inside United States as you just laid out and i say the entire political system is going to waste and this i believe so i believe our institutions are resilient what i do know is that our legal system our court system our Department Of Justice that really stood tall throughout all this and i think were seeing that that ultimately there is a legal question about whether the president of the United States and indicted
man a fourth has been convicted of these eight and if the president were to pardon him isnt that in some way standing in the way of justice being served. It certainly would would look like Obstruction Of Justice to me and i think to many people it key is going to be getting to the president s intent what was his reason for giving the pardon is there proof that hes doing it to prevent then a four oclock rating what the president s been doing over the last several weeks is i think laying a foundation to make a different point to say no the reason pardoning him is because i felt like it was an unjust prosecution and thats why we see the President Tweeting and stating oh hes being treated so unfairly and hes a good person because then the president can say no my intent here was simply to pardon somebody for what i believe to be an unjust prosecution maybe disagree with me but thats not an illegal use of the pardon power is what the president i think like he say i want to ask you before we run out of time a lot of people especially in the last twenty four hours theyve been talking about
what has happened and theyve been comparing it to the water gate scandal do you think it is fair to make those comparisons now or do you think more were somewhat premature or do you think its even bigger than watergate ever was you know i think we have to hold off on making that decision i think potentially it could be bigger i dont think i would say that yet one thing to keep in mind is when the public know a very small sliver of whatever Robert Muller knows Robert Muller has run a very disciplined tight ship nobody has leaked nobody has spoken out of line and so all were really getting as the public is those relatively few things that are done in public in court like yesterdays proceedings and some other leaks that were getting from cohen and from the truck people and from Rudy Giuliani whos exceptionally unreliable so i dont think we can quite yet put it in Historical Context against watergate but at some point we will. Federal prosecutor from new
jersey in new york joining us tonight from new york we certainly appreciate your time your insides valuable information trying to understand what is going on right now in washington thank you thank you. With us Midterm Elections coming in Tech Companies are on high alert facebook and twitter have shut Down Hundreds of misleading accounts linked to russia and iran u. S. Politicians are also raising concerns over separate revelations of alleged russian akki social media giants acting this time before its too late. To prevent fake news from influencing the upcoming Midterm Election facebook has removed more than Six Hundred Fifty accounts pages and groups on his personal account facebook c. E. O. Mark zuckerberg wrote that the Company Discovered networks of accounts that were
misleading people about who they were and what they were doing. Over Two Hundred Fifty accounts on the similar claims both Companies Say those uses were tied to russias military Intelligence Services around state owned media. Just a day before the climbdown microsoft reported it ceased control of six fake websites created by kremlin using tac as the Software Company says the activities targeted us conservatives moscow to the allegations that u. S. Senate has convinced youre involved in politics in america at a high level especially if you have views of latin or putin that he doesnt like you should expect to be the target of a campaign to access your emails get into your systems divulge information or even falsify information against russian Cyber Attacks a big worry from the u. S. Especially after more alleged meddling in the Twenty Six Thousand election. Facebook has been criticized for not doing enough to stop fake news. As new elections approach the company has to prove it cannot make the same mistake twice. Will ask any trader on any stock market what a bull looks like and theyll probably answer go to wall street and just watch all thats good advice in fact bulls made History Today on wall street and on main street for that matter today is the Three Thousand Four Hundred Fifty third day of the latest bull run on u. S. Stock markets are translated today marks the one this period of uninterrupted gains on u. S. Stock markets in history why is this Record Setting Market so important one because it has lasted so long in too because Stock Indices some have quadrupled in value since the bull run began and three well because there just arent any signs of
a Bull Slowdown at least in the near future you have to go back to march Two Thousand And Nine to see this bull market take its first steps and thanks to unprecedented help from the u. S. Federal reserve the u. S. And the Global Economy were emerging from the scariest financial crisis since. The Great Depression of the nineteen thirtys now this bull market seemed at times more like a cat with nine lives there was the downgrading of u. S. Credit in Two Thousand And Eleven there was the euro crisis right here in europe there was chinas economic slowdown that spooked the world and then that dramatic crash in oil prices remember when crude was selling for One Hundred Dollars a barrel all of the skaven investors reason to panic but they didnt panic enough to kill The Bull Market in fact Corporate America has flourished consider those Market Darlings that we talk about all the time theres buy there theres apple theres amazon netflix their share prices grew and grew and grew and despite trade
were figures under u. S. President trump The Bull Market remains intact but if you look closely youll see what some analysts label a market and a National Economy on steroids thinks to reason tax cuts and generous Monetary Policy at the fed so if somebody were to say well gee We Dont Bull Markets Die of old age my answer is no they die of fright and what theyre most afraid of is recession we dont see a recession on the horizon with Earnings Growth combined with economic expansion makes us feel confident that while we could experience a decline of anywhere from five to fifteen plus percent we dont think a new bear market is around the corner. With me here the big that was lars halter from our Business Department so you heard that expert right there more of the experts saying that there is no bear market inside is he right i dont think hes
right and there is not a real turnaround right now inside in the next couple of days but brant if you look at the market in the last couple of months were eight months into twenty eighteen and for the year the markets been flat more or less its actually slightly down from its peak in january and it looks to me and it feels a little bit like buyers have lost their conviction theyre looking desperately for reasons to keep going i really think it feels like its running a little out of steam take us back if you could to win this bull run began you were on wall street as i am right i mean what was it like that it was really interesting time because of what had just happened america had just gone through the Housing Crisis and the financial crisis and it was march ninth and Two Thousand And Nine when the Dow Jones Hit just about over Six Thousand Five Hundred points the lowest in twelve years and wall street just had entirely changed over the last couple of weeks that Lehman Brothers had just gone into bankruptcy Merrill Lynch bear stearns
those are some of the biggest Wall Street Names in history they will gone suddenly and with them confidence in the markets will go on and nobody knew what was happening it felt a little bit like the big crash in the Great Depression i was not around at that time in twenty nine but we know the pictures on that time and there was really a desperate mood and then of course the Federal Reserve stepped in and they lowered Interest Rates to zero percent to keep the economy going and with the economy coming back Consumer Confidence came back Investor Confidence came back and just about seven months after this low point the dow jones was back at over ten thousand points so quite a steep rally right there and then of course we have you know the emergence of u. S. President donald trump he says that wall street has reached all of these. Recent record highs thanks to his policies you know he loves to brag about what hes done is he right im actually kind of surprised he just tweeted about less than an hour
ago he said longest bull run in the history of the stock market Congress Relations america im actually surprised he didnt write Congress Relations scenario kidding it because obviously hes been think things like that before this bull market of course is not his its entirely heritage from President Obama the entire first eight years one to his policies however President Trumps policies have given the market another push over the last a year and a half of course weve seen a steep push and there was a tax cut mostly for companies and before it out of time how much longer do you think these these bills will be running if i would have to name a date i would say march ninth next year that would make it ten years to give it another six seven months but really with the trade war said were seeing right now with the Federal Reserve hiking Interest Rates up again this party has to be over but im going to be a right honest with your friend ive said that for last couple do you have and i have been wrong many times as they say lars everything that goes up has to come down at some dimensionally large holes or more because theres this force that you. Well turkish president richard talking up there to why i made a big promise during his Election Campaign earlier this year a vote for me is a vote for prosperity were not really inflation and unemployment are crippling the economy people with lower incomes are suffering the most many are struggling just to keep their home. Zaineb bruce canoe used to have a house here the retiree worked her entire life to become a homeowner but two years ago istanbul city officials came knocking at her door saying she had to move the ruling a. K. P. Party said it was part of its Urban Renewal policy. With these said the City Administration said if you dont want to go then it will simply be confiscated then the building contract it came and promised us an apartment by june
this year in return for our property but nothing has materialized and. Now all that remains here is an abandoned Building Site the Construction Company has reportedly gone bankrupt and the contractor cant be contacted. That it has been without her own home ever since shes been staying with relatives. Now she and others who had to move have set up a protest camp and they say they want justice but the fight seems to be getting harder. All the anger is probably going a bit too far but we all share the same sense of intense disappointment the government has to do something to help us and ultimately their plan was to relocate residents to new homes now they should find us new apartments. For years the Construction Industry was central to turkeys economic success. The government gave out cheap loans to businesses and approved massive contracts for new highways and
bridges. Now times are tough and the Construction Industry is on the brink of collapse many Building Activities have come to a standstill. In parts of the in its former neighborhood the demolition crews havent started work yet quarters like these were built by labor migrants from eastern anatolia region. Soon everyone will have to leave the official reason is the threat posed by earthquakes critics however suspect the government is doing dubious deals with construction companies. Did use their business never look this is what my house used to look like a small bungalow behind my place there was a victory my pick fruit from it it was wonderful. The local hairdresser a member of the ruling a. K. P. Party disagrees he says people like they need a bad mouthing the country he says the government is working hard to make everyone
happy so. Theres no problem here. When the government is finished building everything it will be great. Nice and safe everything has become. Visits one of the former neighbors a woman who has been compensated with an apartment from one of the newly constructed apartment blocks the buildings looked cheap and hastily billed many residents say they had no idea what it would be like to live here. So that all those who goes to those tokyo there is no sense of Community Among the