the president is clearly aware that david packer, the head of "national enquirer" had paid off karencdougall and they are talking about reimbursing him for that payment. >> rudy: there's a big difference here. that was a conversation he was asked the middle of the campaign. i was with him back then in the middle of the campaign. he's working 18 hours a day. i'm not able to remember a lot of things that happen in 2016. he was asked at one time. when he sat down with his lawyer we immediately corrected it. nobody pushed us, nobody found it, we found it and we corrected it. i got criticized like crazy for doing it. >> chris: according both to cohen and to david packer, again, the head -- was the head of the "national enquirer." they say they were in a meeting with donald trump in the summer of 2016 in which they discussed the payment to karen mcdougall. >> rudy: it doesn't matter. whether it happened or it didn't happen, it's not illegal. around on either happened or didn't happen. >> rudy: that's what lawyers do all the time. you argue in the alternative. i want the truth too in the tr

we have a third person in the room, david packer, who offered so cooperation with the mueller probe. as to where the money came from for the payoffs, we knew it would be a campaign finance violation. >> harris: to that point -- let me a cut in really quickly pray this is coming into fox news through john roberts. the president's attorney, rudy giuliani, said he never says a campaign finance issue is not a big crime. he is following back, i guess come on dershowitz and others saying that giuliani described the campaign finance violation as "not a big crime." if it turns out that's a problem, it would be a big deal. even giuliani -- he says that. >> lisa: he didn't kill anyone. i think everyone in the country can agree that michael cohen is a terrible attorney. clearly, he's the one who -- if he's breaking the law or not, that's the point of having an attorney. and why president trump was relying on him to follow the law. in regard to the legal aspect of this, it's up for disputes if president trump broke the law or not. you also have people like former fec commissioner bradley smith,

david packer's counsel, i just reviewed the documents to protect them.ty to someone who truthfully does not deserve loyalty. >> he was trying to hide what you are doing, correct? >> correct. >> neil: that was michael: with george stephanopoulos on "good morning america." the president saying he never told michael cohen to do anything wrong or certainly do any of this. where does all this go with this, these ongoing investigations with general flynn and his ultimate sentencing? house chairman devin nunes joined me on the phone. essentially what was going on here was something directed, approved, endorsed by donald trump? >> neil, as you know, it's impossible to know what the actual truth is because you are dealing with two individuals who have two very different points of view. the way i look at this is if all that happened, even if what cohen said happened, people do this all the time. they do settlements out of court. it happens. i don't know what the big deal is. you have people trying to turn this into some sort of chance for campaign finance violatio

david packer explains why and what's next. >> reporter: the dow jones saw its biggest one-day point gain ever, rising 1,086 points. wednesday's big comeback coming after the dow posted its worst ever christmas eve decline. >> it has been a brutal month for stocks. december, the worst month on record since the great depression in 1931. >> reporter: a partial government shutdown, treasury secretary steve mnuchin's questions about bank's health and signs the president could be about to fire federal chair jerome powell upset markets, sending the dow down 653 points on monday, but assurances from the white house that the fed chair's job is safe, sent stocks up higher wednesday. the dow's 1,000-point plus rebound, not the only bright spot. the s&p 500 and the nasdaq also seeing gains for the day rising 113 and 352 points respectively. the energy sector helped join those gains. chairs of exxon and chevron both increased. investors received good news from the retail sector. sales improved 5% this year, marking the best holiday shopping season in six years. amazon stock jumped 7% after the compan

prosecutors in new york revealed the tabloid publisher america media which is run by longtime trump ally david packerdmitted that it have paid off karen mcdougall ahead of the 2016 presidential election in concert with the trumpet campaign. they reacted to the sentencing. those are the charges that should not had been on there. they put that on to embarrass me. i never directed him to do anything wrong. he is a lawyer. a lawyer who represents a client is supposed to do the right thing. that's why you pay them a lot of money et cetera. the former justice department also served as an assistant u.s. attorney. welcome mister trustee. appreciate you being here. let me ask you i guess the bottom line is what kind of legal jeopardy are they and over the campaign finance violations. >> it's not totally clear at this point but it was not a great day for the president to see the language in the plea agreement and the language that is being used to describe his activities. every time a criminal defendant pleads guilty they are pleading for themselves they're not biting anyone else. it doesn't mean the ahaz dism

including the one with mcdougall which was really between him and david packer and then david pecker‘yalty to someone who truthfully does ijust reviewed the documents in order to protect him. i gave loyalty to someone who truthfully does not deserve loyalty. ijust reviewed the documents in order to protect him. i gave loyalty to someone who truthfully does not deserve loyalty. ijust reviewed the documents in order to protect him. i gave loyalty to someone who truthfully does not deserve loyalty. he was trying to hide what you are doing, correct? correct. and he knew it was wrong? of course. looking back did you know what you were doing? i am angry with myself because i knew what i was doing was wrong, i stood up before the world yesterday and i accepted the responsibility for my actions. so he is still lying? yes. we can speak to our washington correspondent gary 0'donoghue he was saying that he was a bob of all this that he was taking. —— yes he was. but twice. what we have here isa he was. but twice. what we have here is a situation where this man who work for donald trump for ten y

the inquirer buried the story, a practice known as catch and kill, the deal was orchestrated by david packer, a good friend of the president and been cooperating with us attorney as part of a nonprosecution agreement and made the payment suppressing a potentially harmful story and keep it from influencing the election agreeing to improve its practices to prevent future violations. :who showed up with his wife, son and daughter had three rose of family and friends in the courtroom, during a 10 minute statement that blind loyalty to this man, donald trump led me to choose a path of darkness over light and time and again i felt it necessary to cover up for his dirty deeds rather than listen to my own moral compass. 's voice broke when he apologized to his family and their work. after the sentence was handed down, 36 months in federal prison, 3 years supervised probation, restitution to the irs of $1.3 million, $500,000 loan and $100,000 in fines. he can spend the holidays with his family, doesn't have to voluntarily surrender until march 6th of next year and he could get out early if you cooper

i just him and david packer and then david packer‘s council. ijust reviewed the documents.t, when you look back do you know what you're doing ?|j about it, when you look back do you know what you're doing? i am angry at myself because i knew what i was doing was wrong, i stood up the world yesterday and i accepted the responsibility for my actions. the actions that i gave to a man who as i also said i was loyal to. i should not be the only one taking responsibility for his actions. so he is still lying? yes. a 16—year—old boy who carried out a horrific attack on a lithuanian schoolgirl before dumping her body on a park bench has been found guilty of rape and murder. the body of 14—year—old viktorija sokolova was found in a park in wolverhampton in april. it‘s believed the boy used a hammer to batter her to death, and had originally persuaded her over facebook to meet him. a five week old baby who was attacked by two dogs near peterborough last month, has died. reuben mcnulty was seriously injured after the incident in yaxley, cambridgeshire. the family‘s two staffordshire b

this is a serious violation of federal law and we now have not just michael cohen one, but david packerhoir who is directly implicating the president. >> bret: other people pointed the john edwards case, what the ftc said about that with the court case said, saying it was not a campaign finance violation. >> that is right and they couldn't convict him in the end. here's the question, for almost 50 years, the justice department guidance that a sitting president cannot be indicted. when you look at all these filings and documents from the attorney office, from the attorney office in new york, you see them laying the groundwork for a potential indictment of a sitting president. one has to wonder, are they actually going to defy president and do that and indict a sitting president? if they do, they will certainly cause, they will precipitate the crisis that we've been worrying about for two years. if they don't, this is another mild irritant i think to trump. >> bret: it is also a decision for house democrats will be handed something eventually, they will have to decide whether to go forwar

-i run by friends of the president's name david packer and they say in order to avoid prosecution they are agreeing also to cooperate with federal prosecutors and they say specifically that a payment made to karen mcdougal a playboy model was made specifically for the purpose of suppressing the woman's story so as to prevent it from influencing the election in both of those cases that suggests that if that's a violation of campaign finance laws as michael cohen has been found guilty of doing then donald trump ordering him to do both of those payoffs means that donald trump implicitly broke the law is well vet could cause him some legal problems right now the justice department it has guidance that says you can't be sitting president because the process for that is just you know we're going to go straight to downing street now and hear from the u.k. prime minister to resign maybe. this has been a long and challenging day but whilst i'm grateful for that support a significant number of colleagues did cost of those against me and i've listened to what they said following this but we now n

present at a meeting with his personal lawyer, michael cohen, and national enquirer publisher, david packers plot illegal. in russia comedy central bank has raised interest rates for the second time this year. the key rate was boosted to 7.75 percent, concerned about a spike in inflation from a tax hike and possible u.s. sanctions. global news 24 hours a day and at tic toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is "bloomberg." thank you. bonds,ook at equities, markets moving today with s&p futures south, dow futures up. and the newsown 23 is the dollar strength, we see that in the index. euro under 113. level, off the 22 falling on support. a vix of 21.88. i would notice of the bitcoin down on those december 7 lows. we want to go to our conversation on the markets and linking it in, kate moore is on our desk in new york. she is with blackrock. , carstenin westminster nicholas is with us. take, let me go to you all of this international relations, and the stories distractions in china and washington, how has that amended the view for 2

to george osborne david cameron's chancellor no editor of a london local newspaper to coin the term northern powerhouse to investigate going on the grounds deputy editor sebastian packer spoke to sheffield's poet laureate following his appointment by lord mayor of sheffield much of budget so this is the first sheffield how do you plan to represent you're going to be you'll be doing courses and things like that as well one bringing poetry to us or different audience so it came about. simply from getting contact with me he had seen my performance at glastonbury i performed a song of mine called creeping craw and he said to me that you know he felt like i was doing something different in the city within music and i essentially intend on doing what i've been doing as an artist before the role which is. i'm trying to write music and share our. challenges the barriers the been put in place there's always been a sense of that in hip hop and i think that it's so important that we we know that hip hop has always been a jumper and a culture that dares to talk out against the establishment and talk out against. you know question the norms of what should and shouldn't be said and