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MSNBC Ayman June 4, 2024 00:05:00

But based on what we do know about alvin bragg investigation that has bee reported in the public, what are you expecting one that indictment is unsealed o tuesday? well, ayman, i don t thin it is any secret that this i centering on the hush mone payments to stormy daniels and i think that what th prosecutors office had honed i on was how those payments were reimbursed to michael cohen. now remember that michael cohe took out home equity loan, h paid stormy daniels, this is after she tried to shock tha story to the national enquirer and they passed and they tol michael cohen, you know, you can take care of this as par of a larger agreement, by th way, to bury stories that migh be detrimental to donald trump and it in advance of the election karen mcdougal also had a stor that they buried but when trump paid this back, what he did was he concealed them as legal fees to michae cohen. in multiple installments and that is how they would b ....

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CNN CNN This Morning Weekend June 4, 2024 10:13:00

12 installments, calling them legal fees. so each of those stormont installments is a false record on the business records of the company. so you have in each of those cases. on count two counts three counts. it s really one bundle of activity, but they break it down in these cases by each payment being a separate count, so you can get that. easily 2 30 if you have 10 false statements, and they re all misdemeanors, then you have 10 false statements, which are designed to evade fcc federal election commission reports. that s 10 more charges if they was 10, same 10 or then made to evade tax requirements. that s 30 charges, and it s really just one scheme just you know, sort of broken down into bite sized pieces, and if such a misdemeanor is used to cover up a crime that that could amount to a felony, correct. that s right. so the theory would be that each of these 10 misdemeanors become 10 felonies ....

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CNN Early Start With Christine Romans June 4, 2024 09:41:00

Severe national weather service using wording like intense long tracked and strong tornadoes possible, especially in the southern portions where you see this greatest risk memphis little rock. that is a moderate risk. that s a level four of five and we also have the potential for tornadoes across the central portions of iowa and northwestern illinois as well. here s the time frame you think maybe late evening on friday and into the overnight hours, so the potential for nocturnal tornadoes exist. and the greatest probability of these discrete thunderstorm cells that could produce these long track tornadoes will be across some of those hardest hit areas from last week, christine all right, thank you so much. derek. thanks be careful out there, folks. yeah apple is joining the buy now pay later trend, allowing the customers to pay for purchases and installments through its services. the company is now rolling out this to select users and plans to offer it to all eligible customers over th ....

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CNN Early Start With Christine Romans June 4, 2024 09:42:00

Us how apple s new program is going to work right? so apples, the latest company to jump into this by now pay later trend. the way the program works is that you can buy just about anything paying for installments instead of all at once, over the course of six weeks, the loans that you can take out range from $50 to $1000. and this is the key here. there s no interest on these loans and there are no late fears. i think it s really important to tell people buy now pay later doesn t mean it s free. it means there s no interest. unless unless you don t pay back, it is a loan. what? we ve seen this growing. what is it? what are people using it for? so that it s more retailers have rolled it out. you can buy clothing, electronic furniture. increasingly people are using it to pay for groceries. there s been a 40% jump in buy, now pay later for groceries during the first two months of 2023 compared to a year ago, and that s really a sign of financial distress people looking to spread out the c ....

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CNN Early Start With Christine Romans June 4, 2024 09:43:00

. the typical buy now pay later, user. um has has a low credit score and makes less than $50,000 a year can be an important convenience. for some shoppers. it can be an important bridge for others. but financial distress, i think is a really important way to look at it. if you if you can t pay this back what happens it s late fees and interest right so just because apple doesn t charge late fees, other other of the buy now pay later services do and you get hit with a late fee. if you don t make one of the installments, and we see late fees growing um, the they ve jumped as buy now pay later increases. um and also you know , the service is about 25% of users don t have any retirement savings or emergency funds. so folks are really concerned that it s going to encourage overspending among people who don t have the means to pay it back. and you re gonna that will show up on your debit card, and it s going to impact your finance overspending in a high interest rate environment is so ....

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