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Axios Re:Cap

Cohen & Manafort: The Fallout For President Trump

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 22 August 2018

⏱️ 10 minutes

🧾️ Download transcript

Summary

Dan examines the latest regarding Michael Cohen & Paul Manfort and its effect beyond the White House with Axios CEO Jim VandeHei. Plus, in the "Final Two", Facebook finds more fake news & what wildfires have to do with net neutrality.

Transcript

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0:00.0

Welcome to Axis Pro Radha, a podcast that gets you smarter, faster, on the collision of tech,

0:09.6

business, and politics. I'm Dan Pramak. On today's show, Facebook's new fake news revelations

0:14.8

and why net neutrality opponents are talking about the California wildfires. But first,

0:23.9

All the president's guilty men. That was the Axios headline yesterday afternoon, after President Trump's longtime personal attorney and his

0:28.7

former campaign chair, both became felons within moments of each other. Now, if you've somehow

0:33.1

managed to ignore the news so far, here are the basics. Michael Cohen, who used to handle both

0:37.3

legal and even some PR matters for private citizen Trump, accepted a plea deal in New York for to ignore the news so far, here are the basics. Michael Cohen, who used to handle both legal

0:37.6

and even some PR matters for private citizen Trump, accepted a plea deal in New York for tax

0:42.0

fraud, bank fraud, and campaign finance violations. And it's that last one that's probably

0:46.2

most important, because Cohen said he did so at the direction of, quote, a candidate for federal

0:50.6

office, and we're all kind of guessing that wasn't Bernie or Hillary. And then there was Paul Manafort, who helped Trump seal the GOP nomination. He was found guilty

0:58.1

by a Virginia jury on eight counts of fraud. No direct tie to Trump there, except that the charges

1:03.0

were brought by Bob Mueller, so the White House can't be pleased by it. So why does this all

1:07.2

matter beyond the palace intrigue? One big reason is that it could, and I emphasize could, be the straw that kind of breaks

1:13.8

Trump's hold over what's mostly been a pretty sycophantic Republican caucus in the U.S. Congress.

1:18.9

And if so, that means his broader agenda could be in trouble, things like deregulation, tariffs,

1:23.7

and his growing rhetoric against what he calls censorship by big tech companies.

1:27.5

Remember, today we're entering the longest bull market in stock history, and a big part of

1:32.4

that has been driven by this faith that Trump will ultimately do what's best for big American

1:36.6

business. But what happened yesterday has got to make folks question that faith at least a little

1:41.2

bit. In 15 seconds, we'll go deeper on this with Axio's CEO Jim Vhi. But first, this. Axios chief technology correspondent, Enah Freed, shares breaking news

1:49.9

and analysis on the most consequential companies and players in tech from the Valley to D.C.

...

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