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Take $10 million off of the nikey's market cap. avenatti said he wanted the motivation behind the charges looked into. his bond was set at $300,000. was ordered to have no contact with stormy daniels. if he is found guilty on all the charges he faces in new york, he could see a prison time sentence of 69 years. don't forget he is also facing charges in california where he is accused of fax fraud and also stealing from other clients including a paraplegic man. so he has a combined possible sentence of 404 years in prison. martha? >> martha: that is quite a list. jack qui, thank you very much. h...

And that is just the beginning of the trouble that he faces. correspondent jacqui heinrich is live outside the federal courthouse tonight. jack qui. >> michael avenatti was calm and smiling in court. he was wearing no hand cuffs. when the judge asked him how he would plead he said, quote, 100 percent not guilty. after court he took a different tone and seemed to blame his troubles on the president. >> for over 20 years i have represented davids vs. goliaths across this nation in many courthouses just like this. i am now facing the fight of my life against the ultimate goliath, the trump admini...