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Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20191026 18:50:00

The business profited during the inauguration, after that, it appears the hotel s business did trail off. remember, many companies that host conferences in d.c. or have their executive visit the city may not want to book there to avoid controversy. also, the trump organization may be losing out to competitors on that specific front. and the company has to be more careful about marketing to foreigners. so the trump organization may have decided to explore how much could it make by unloading the property. the wall street journal is reporting the trump organization wants $500 million for the lease rights to the building. that s a lot of money. in fact the paper says a deal of that size would make the transaction one of the biggest hotel deals in the city s history. back to you. thank you so much. it s a rare reprimand for a cabinet secretary. a federal judge held betsy devos, the secretary of education and her department in contempt of court for violating ....

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Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20191026 15:48:00

Lease the hotel because of all of the controversy surrounding it but there is more to the story based on my reporting. eric trump the president s son who runs the company on a day-to-day basis tells us, quote-unquote, people are objecting to us making so much money on the hotel and therefore we may be willing to sell. well, first off, officials have a problem with any amount of profit the president makes from this hotel because they believe it is a conduit for corruption. two, there are open legal questions as to whether the president s company is legally allowed to accept payments from foreign and domestic governments at this property. that issue is the subject of at least three lawsuits. now, as for the claim that the hotel is making a ton of money, well, it s unclear. i ve reported on this property for years and while it s true that the business profited during the inauguration, after that it appears that the hotel s business did trail off. remember, many companies that host confere ....

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