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Donald trump, jr., is executive two. again, the reason donald trump is not indicted is he's the president of the united states. that's his defense. >> listen, paul butler, i know you are all up in arms about executive number two, but right after michael cohen testified there were reports, i believe in "the washington post" where someone is saying executive two is actually a person known as jeff mcconney and not donald trump, jr. if donald trump, jr., is identified as executive number two then we are closer to donald trump, jr., being indicted. but that's not certain yet. >> let's go to really ...

About stormy daniels. do you have any idea who those executives may be? >> executive number two is the person who had to get the okay for weisselberg to make those payments. >> weisselberg and michael cohen, are they the two people that you don't want testifying? >> yes. >> i mean there are questions. we know trump org. is controlled by a small circle. this is one of the big mysteries that we'll have a clear answer tomorrow. >> go on, did you want to say something? >> i mean, yes, but not about that. >> its got to be someone who's over the cfo or it is going to be one of the higher level execu...

Facade that the trump organization or the trump campaign could be these big sprawling things where there are lots of moving parts that mr. trump doesn't understand at the middle. but as elie and jennifer were talking about last hour, you know, when you start talking about executive number 1, executive number 2, there just aren't that many people involved in these organizations whose name isn't trump. so the idea that you have this campaign meeting taking place that involves paul manafort, jared, and don jr. and all three of these people are working on the campaign, working in the same building...

Justice, one that is even more clear cut than the president's prior attempts to thwart the federal investigation into russia's 2016 election interference. cynthia, which investigation poses a more existential threat to president trump at this time? the robert mueller or the southern district of new york? >> it's hard to know that because robert mueller's investigation is like a big black box. and we just -- it's dark. we don't know what's in it. the southern district of new york definitely poses a huge threat. not only to him but to members of his family. remember in the cohen plea agreements ...

Agreements and allocution, it says that executive number two approved those payments. in the campaign finance case. well, and the question is who is executive number two. most people speculate executive number two is don junior. so that means that don junior is approaching target status. the president has loyalty to almost no one in the united states with exception of his family. if his family is implicated, he is likely to blow up and all kinds of things are about to happen. so i do think something in 2019, regarding don junior and the southern district of new york, is going to turn out to be...