let's talk about deutsche bank 's work all over germany. let's talk about how jared kushner was trying to get money in a lot of different countries from a lot of different sovereign some south. it's just unfortunately as steve said if we were reporters who were in that room and able to ask the questions, we will try to figure out a lot more than even laetitia james was trying to learn, or the donald trump's defense lawyers were trying to bring out. we want to know so what did you get for that, and whose special access money was funding some of the deals in some of the towers? how did donald trump, with almost no real assets, not being a billionaire, how is he able to pull off some of this work with your health? this is a tiny window, unsatisfying. unfortunately i think even to your question, it's unsatisfying because we don't really have a great grasp of the interconnection of jarred, his family, his finances, and all the trump money as well. >> okay then my last question on this topic, david, because they want you to explain to our audienc

deutsche bank also wouldn't. deutsche bank on the institutional side, the part of the bank that does business with corporations, told trump to take a hike. ivanka was asked about this on the stand. they said, why did you not do business with the institutional side? why was it that you went to private wealth, the roseberry for alec. and deutsche bank has never been well known for having a strong private banking team. and again, she said, well, i don't know. there would be no scenario on earth where you would go to the private wealth management side if you could do business with the institutional side. tell our audience who this rosemary woman's. her relationship with the trump's, the commissioners, and how she weaves into this. we might see her on the stand. >> boy, i hope we do. that would be -- i would be so fascinated to see. rosemary has been this mysterious woman inside the bank, at least four of me for many years now. deutsche bank, for a long time, had been lending trump, as you said, on the institutional s

deutsche bank didn't have a presence in the u.s.anted a big presence here, how about the big circus business guy, donald trump? he's a name. so the institutional -- >> and they thought he would bring in other names. >> not in the beginning. but he's a anymore, people know him. the institutional side starts to do business with him, right? he then starts to really insulate his net worth and he says to them, after he's done "the apprentice" and he's getting successful again, here's my worth. they laughed him out of the building. they are like get the h-e-double hockey stick out of this building and never come back. he basically walks in the side door to the private wealth management side of the bank because jared kushner knows rosemary, and she says, yes, let's do business together. it's absolute nonsense about today, rosemary saying, listen, i was whale hunting, which is possible because in private wealth management, deutsche bank wasn't especially good, people didn't know them as a household name, and donald trump could be a name. th

bank and deutsche bank, the information that may have been provided to deutsche bank is certainly going to be interesting to the a.g. to some degree, you may see similar testimony as you saw from don jr. and eric, but the a.g.'s going to want to know what, if a s did know about the information contained in the statements of financial condition. look for her to not be nearly as combative as her father and probably not even as combative as don jr., but at the same time, you saw from letitia james' statement there, they look at her as somebody with information and likely is not, the implication is clear, they would have named her as a defendant had they still been able to. >> could what she testifies today impact the penalty in this case because we know, obviously, fraud has already been determined. >> that's right. so this portion of the trial is all about penalties. there are six remaining causes of action, however, in those causes of action, they do have to show tish james and her prosecutors will have to show intent, materiality, and inducement, so i think as danny said in terms of tha

most people ask for a second beat and think about deutsche bank. what did they say today?bout the process that they went through in deciding to loan to donald trump. there was a process, and they did do some degree of due diligence, but on cross-examination, they were also forced to admit that their due diligence was by necessity limited. if the client isn't presenting to you accurate information in the first place, then your efforts to confirm that information are going to be lacking in some respects. they also talked about their willingness to grant trump more favorable terms because of their perception of his net worth. they thought and one of the witnesses today testified that he had $100 million in liquidity. that's something that i think experts on trump might question. and then, of course, there's the issue of when the bank terminated its relationship with donald trump and today's witnesses weren't really able to testify to why that happened, but tomorrow we're expecting to see rosemary, the senior banker with whom the trump family dealt initially introduced by jare

they're trying to say deutsche bank was happy to work with them. motion to get four defense witnesses dismissed, essentially saying at this point their testimony would not be relevant. >> really interesting. thank you, and again they are back from lunch break. my bad, she is on cross-examination right now, ivanka trump. can we start with what she ended with, that they're trying to get four defense witnesses? i have to introduce charles first, former prosecutor and msnbc legal analyst, charles coleman. everybody knows you. my bad, my friend, i'm sorry. let me ask you about what lindsey said. the prosecutors trying to get four defense witnesses removed. what is going on there? >> well, what those witnesses are intended to do is to rebut essential testimony from the prosecution, so basically they have these experts, and they have proffered the experts as being able to explain or refute what the prosecutors are putting on the in the case. the argument that letitia james is making, you're refuting witnesses we didn't put on. you give the judge a list of

the other is deutsche bank.r growth continues, that the fed can hold through most of the year because growth is going to be pretty good. deutsche bank, the economics team to saying recession and 175 basis points of cuts, and the equity strategist at the bull is currently on the street for next year. make sense of that for me. you can make the call radically different. lisa: no thanks, i'm not going to try to make sense of that. jonathan: just leave that up and go through the numbers. what we are hearing again, love this, is that bad news is good news. and what you are hearing from goldman, and all this could change, we got a range of use. you are going to see things change. last week alone you start to build this trend in jobless claims, then all the sudden, blow it up again. tom: the bottom line is the huge misguess on the american consumer. it has been under estimation of consumer power. i would suggest that is still there. bloomberg intelligence was brilliant on wednesday or tuesday last week about the oomph

bank and deutsche bank's private wealth management unit in particular, as a lender, starting in 2011ial real estate lenders, whether they be banks or private equity firms, wouldn't do business with him on terms that were satisfactory to him. rather, because of the risk that they assumed he posed, they wanted to change him fairly high interest rates, and it wasn't until ivanka and jared met rosemary robig they got the deal they were seeking. in exchange for very low interest rates, comparable to what others in the market were offering, deutsche bank asked for two things. they wanted donald trump to sign a personal guarantee he could cover all of the principle and income on the loan and the operating income, the doral golf course, and they also wanted him to attest that he had a minimum net worth of $2.5 billion, which as ivanka and trump organization lawyer named jason greenblatt acknowledged to each other in an email exchange was going to be a problem. nonetheless, donald trump told deutsche bank not only did he have $2.5 billion in his network exclusive of his brand, he had over $4

it's to really demonstrate how happy deutsche bank was.ination is starting, we're going to see more and more of that one-line of argument that the loans were performative. the banks got paid back. the other side of that is the banks potentially should have gotten more money back. >> right. >> but we're going see more of that. this is the first time we've really seen that argument come out on cross with a member of the family. >> what happens next? >> so tomorrow there will probably be some procedural things. but then the court is dark friday, because it's veterans day. and then monday we're going to pick up with the -- the defense is going to be calling their witnesses. and we're going have people come in who are going to, and we know this because it's been alluded to in the court, there are witnesses list out that are going to say the properties were worth more, that the relationships were good, and probably have people come in saying that the banks shouldn't have relied on these financial statements. we've had somebody from deutsche bank

from a nonlegal terms a number about of deutsche bank employees, this is the story, they told the nework judge they made millions of dollars from mr. trump's businesses and saw no fraud in the loans they approved. they told the judge that trump repaid his loans with interest. there was never any concern that trump defrauded the bank and they unveiled a parade of emails going back years where the bankers heaped compliments and praise for the trumps and their businesses. the bankers story goes all the way back to 2011, that is 12 years ago, regarding the renovation of the doral golf club near miami, florida. that turned out to be a tremendous success story. bankers also testified mr. trump paid off his loans, frequently paid off his loans ahead of schedule! indeed the co-ceo of deutsche bank testified that the bank in 2013, in a meeting at trump tower, he suggested the bank could lend mr. trump even more money because mr. trump's credit worthiness was so strong. now, this goofy justice engeron with all his ties to the new york democratic machine, barely listened to the crucial testimony

in that because it gets to the heart of the case and specifically loans that were received from deutsched she's loans had quite favorable terms. they were granted those kinds of loans, based on trump's purported net worth and that gets to the heart of this case. the allegation that he did not accurately represent the value of his assets to get more favorable terms on loans and the insurance companies. so it was a part of the questioning and it has been selfized and technical and that's pretty much when we expecteded from this witness. ivanka is no longer a co-defendant in this case, but the attorney general's office has been seeking to secure her testimonial though she's tried several different times to get out of this appearance before today's proceedings got under way and the attorney general addressed cameras to talk about why they wanted to hear from ivanka. let's take a listen. >> we uncovered the scheme and she benefited from it personally, and miss trump will do all that she can to try to separate herself from this corporation and she's ine trickably tied to the trump organization

trump organization, deutsche bank originally requested $3 million, that donald trump maintained hissonal wealth at $3 billion, they negotiated it down to $2.5 billion. big deal. borrowers always try to negotiate down the amount of guarantee they put up. i didn't think see anything there. i don't think you're going to hear reference to ivanka trump in the ag's closing argument. >> her testimony may not have been that valuable. but can i present the other side of it, how could you not bring her to testify when she's the one that brought deutsche bank to the table, when she was involved in the deal for the post office. wouldn't it be a misstep by not bringing her. talk about how you think the ag has handled the case. >> i don't think she backfired on the ag. sometimes you have a witness who provides a few details, a few facts, that's fine. i think the drama the ag tried to bring to this in making a dramatic statement was out of line with the importance of ivanka trump's testimony. you're right. you bring witnesses sometimes who have marginal information. i think ivanka trump had margin

niemals ermüden und niemals verzagen und niemals verzweifeln, es lebe unsere bewegung, es lebe unser deutsches. 1939, adolf hitler ignored the threats by france and britain and invaded. poland, the polish army couldn't withstand the invasion and fell apart in just two weeks. warsaw, the capital. city of poland was among a few cities that was resisting during the two weeks, the national radio constantly blared out the country's national anthem. the vast soviet union also invaded poland from the east. in no time, poland's national ant could no longer be heard. poland was divided between germany and the soviet union. hitler went to poland and celebrated the victory. people in poland were distressed and upset, but among them 3 million jews who were living in poland were more worried than the others. he had heard on the news how miserably the nazis had treated the jews in germany. the nazis had forced the jews to arm bands with the star of david on them. the shops for the jews were. so no one was there, the jews holy books were burned by the ss forces. joseph's hitler's propaganda arm talked of the

in fact, ivanka trump served as a primary contact for deutsche bank, the trump organization's largest lender, organization at the heart of this. attorney general letitia james took note of ivanka trump's responses. >> ivanka trump was cordial. she was disciplined. she was controlled. and she was very courteous. but her testimony raises some questions with regards to its credibility. >> ivanka trump was key in the loop, a central player, something that her father loved to brag about. >> ivanka is really in charge of that one. and she's done an amazing job. and it's going to be one of the most beautiful -- >> one of the reasons i think ivanka can tell you this is that we had a better concept because that was a highly sought-after project. ivanka, don, eric, they are very, very ensconced in the company. >> ensconced. in a 2013 interview with "forbes," trump went on to say of ivanka, quote, she was always a natural-born dealmaker, but she's become a very good builder and manager. ivanka trump's role, in fact, did expand, in part, because she built a brand on knowing small but important de

bank, and what she might have said to deutsche bank, and i think that's why she's being called tomorrowday on the stand? >> it looks like it. it's interesting. none of the witnesses have gone so far, the main witnesses from the trump family, they only had a direct examination from the attorney general. trump's lawyers are waiting to call them back to cross examine them, but in the case of ivanka, they are going to cross examine her. she doesn't want to come back up to new york again, so they will do both tomorrow. i expect it to go for the day, and they could hold it so there's potentially overflow on thursday. after that we are heading right into donald trump's case. we will start bringing witnesses, and he referred yesterday a few times about how witnesses will show his assets are priceless, and he has a long witness list and it will run into december. >> appreciate it. >> thank you. >>> we will go up to ohio as voters make a critical decision on abortion rights that could have a ripple effect across the country. plus, the third republican presidential debate kicks off tomorrow night.

katie, donald trump in a civil fraud trial here in new york, you've got deutsche bank executives nowg the stand. tomorrow, it's going to be trump's own banker, rosemary vrablic, who has sort of had her fingerprints all over lending to trump over the last ten years. trump's team wants to make the argument that it was normal for banks like deutsche bank to do business with guys, even guys who inflated the net worth. but if the business was so good with trump, why on earth would deutsche bank stop doing business with them? how are they going to argue this? >> you know, it is going to be a shows the necess in rela trump organizationof course, kea civil trial, there is already better ruling that certainly fraud happened and -- fighting about the penalty. but she is going to be an never met he heardkatie you all tonig what hcould another extension b if she is not ready to campaign night. tremely important wis. tram is making this kind of hl mary at is because understthat she is qortant i worked at de bank long time, never heaher, never met her, no on i the organiza had ever hear er untilhi

today of we had multiple deutsche bank witnesses, testify that it didn't matter his value was so high, he still would have been fine, and touch deutsche bank would have gotten same terms, there is no need to waste taxpayers dollars on this witch-hunt, we have proven the case, there was no fraud, the banks money, the president is more than his statements of financial condition. david: has any bank suggested they lost money because of their dealings with donald trump. >> every bank has made money, there has never been a default, when there were holidays trump organization played early. david: attorney general letitia james brought the case claims that there was probable loss because of the fact that the banks could have made more money on interest, to which you say? >> i say, they all go the paid early -- got paid with interest and early ahead of the loans, assets were worth more than the financial condition. it doesn't make sense, new yorkers should be afraid, letitia james is puts her nose to private contracts where there were no victims, people -- everyone on both sides of the contra

joining us now is deutsch bank cio of the americas. it's good to have you. what do you think gets the fed cutting rates next year? >> yeah, it seems like the recent fed speak has given some credence to what we have been saying and what our outlook is for next year, sarah. you know, i think it's a bit premature to think it's a first quarter phenomenon. most likely, it's somewhere in the middle of the year. we're thinking june is the most likely time when the fed comes up with the actual rate cut, the most blunt instrument they have. you have to look at labor market dynamics here, and the labor markets are still very tight. so it's very difficult to assume that just because you have this disinflation traction, pretty much well entrenched, but the fed is going to start cutting. i think the good thing here is that the fed's conversation has pivoted. they are no longer talking about how high to go or how many rate hikes to make, but how long do they stay on the sidelines and how long the pause is going to be. i think that's positive for the markets and actually,

. >>> we'll get to wynn results ond why deutsche says buy their worst day. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. c'mon, we're right there. c'mon baby. whose resumes on indeed match your job criteria. it's the only we need. go, go, go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. they're noise cancelling earmuffs. i stole them from an airport. it's always something with you, man. great! solid! -greek salad? exactly! don't delay the game with verizon or t-mobile 5g home internet. catch it on the xfinity 10g network. ugly chart for trade desks third quarter results did beat on the top line and bottom line. weak refuse new guidance and soft spending outlook weighing down that stock today. shares down about 17.8% right now.

and jared kushner introduced ivanka trump to a banker in the private wealth management group at deutschek. the narrative that the attorney general wants the judge to see is that again and again and again, ivanka trump was involved in deals where they couldn't obtain financing from other sources on favorable terms, so they went to deutsche bank whose private management group was willing to lend to them on two conditions. the conditions were this, we'll give you a lower interest rate and one that you like, but you've got to give us a personal guarantee that you can cover the principal and the interest on the loan as well as the operating income of this asset you're about to operate, and on top of that, you've got to meet a minimum net worth requirement of at least 2 to $3 billion. and ivanka trump had an email with a gentleman named jason green blat who was a lawyer at the trump organization she was showed. in it she basically says this is as good as it gets, and greenblatt responds what about the net worth requirement, that's going to be an issue for us. and ivanka says, absolutely, but w

>> i'm looking for ivanka to talk about, again, she also certified loans to deutsche bank.ely involved in establishing the relationship on behalf of the trump family with deutsche bank. even though she's no longer a defendant in this case, she was an officer of the trump organization during time periods that are at issue for the organization itself. she will likely try to one over away from that, claiming that she has built a new life. alicia, you and i both know she tried to get out of testifying that -- impediment to her coming to new york. the attorney general is gonna try to show that ivanka, for all the ways in which he's built a very new life separate and apart from the trump organization, was very much in the mix in the same way both of her brothers where joining time periods that are at issue for the corporate entities themselves. >> lisa, they're giving me more time, because i want to make sure that we get to this. there was a development last week with the second e. jean carroll child coming up -- trump will face an anonymous jury. what more do we know about that?

yes i was the one that brought deutsche bank in.se with a trump, but a trump who is poised and respectful to the court and you can argue was credible. maybe not for the i don't recalls, but credible with the facts they already knew. >> david, and catherine, you're going to be back later this hour. >>> a texas town is being told to shelter in place after explosion triggered a massive fire at a chemical plant. take a look. these are the first pictures we're getting from there. huge plumes of black smoke pouring out of that plant in shepherd, texas, which makes solvents for glue and paint thinner. residents were told to shelter inside as officials warned of the effects of the chemicals in the air. that has now been reduced to one mile. people in nearby livingston are being told to stay inside as the plume of smoke heads toward that part of texas. officials say one plant employee was injured in the fire. >>> still ahead, secretary of state antony blinken sending a very pointed message to israel about what the u.s. will and won't support

with us today, deutsche bank's chief u.s. equity and global strategist on baa to expect from the fed this afternoon. plus, implications from the treasury's refunding announcement today. >> it's been a tough few months for the solar business, as you know. but first solar was higher after results. ceo will join us in an exclusive later this hour. >> and finally, the $1.8 billion settlement shaking up the real estate sector. the big changes that could be coming when buying a home. >>> first, though, a check on the markets. some suspicions of a squeeze the last couple of days, that remains in place apparently at the moment. dow is up almost 200. ten-year circling back close to 4.75. the two-year flirting with 5. we'll watch all of that going into tonight. >> big drop in bond yields, below the 4.8 level in the ten-year. the move higher in stocks, but for the last few days, more than an oversold bounce. let's bring in senior markets commentator, mike santoli. how are you reading into this move higher? >> still to be proven, but thi

the trump family would have no relationship with deutsche bank but for jared and ivanka.in small ways separate herself from her dad, from the family before, most notably when she said she believed to bill barr when he said very forcefully 2020 was not election fraud riddled. what are you looking for? >> right, chris. it's interesting that we don't know what the attorney general, what testimony she hopes to elicit from ivanka. ivanka trump wasn't deposed in this case. no one is very clear on what she might say. lawyers do not like to ask questions. laetitia james has been meticulous in her conduct of this case. it seems very likely that there is an important piece of evidence or perhaps more evidence along the lines lisa has been discussing that they believe they can elicit from her testimony. it is worth a risk of whatever unknowns she might come up with. something important to keep in mind is that the judge has already entered judgment in favor of the attorney general on the fraud claims. what form of discouragement will they have to engage in for their ill gotten profit

there is a story this week in deutsche welle about al telling me what sort of health problems i havethat? this is fascinating technology- _ does it do that? this is fascinating technology. using _ does it do that? this is fascinating technology. using a _ does it do that? this is fascinating technology. using a voice - does it do that? this is fascinating technology. using a voice samplel does it do that? this is fascinating i technology. using a voice sample of anywhere between 6—10 seconds, they can run it through an algorithm that can run it through an algorithm that can identify, along with other things like our age and height... inaudible. stephanie, are you there? wejust lost you are there, just tell me that last 20 seconds of what you were saying. that last 20 seconds of what you were saying-— that last 20 seconds of what you weresa inc. , ., ., were saying. most people who have -e two were saying. most people who have type two diabetes — were saying. most people who have type two diabetes down _ were saying. most people who have type two diabetes down now, - were saying. most

buyer getting called to cut by deutsche bank. -- bayer getting called to cut by deutsche bank. market close comes up in just a few moments time. ♪ like a nightmare. but for one in four americans with disabilities real nightmares happen every day no accessible bathrooms on most flights. 31 wheelchairs damaged daily by airlines. disrupting lives, sometimes for months. so many other barriers to safe travel. change isn't easy, but we can build the world's most accessible travel system. help us make sure airplanes connect everyone. to family and friends. to opportunity. to possibilities. we're easterseals. thanks stoxx -- >> what a day it has been. it is time to find anything that is not manly today. it might really be a function of sterling that has taken on, the dollar pledging the most since january. we are going to have a conversation about germany. this is equity market that is rallying off of one thing, the american consumer price report. i can show you that based on the trading session so far today. we had a few earnings, nothing too bad, but this is when we got that cpi repo

dani: deutsche bank was joining in on the bulls giving us a new price target for 5100. that is equities. what about bonds? we have more folks saying 2024 is the year of the bond. is that consensus at this point? >> i would say so but 2023 was also the year of the bond. i am personally skeptical. going back to etf flows, we are seeing people pile into fixed income. i think everyone is looking for a reason to buy. anytime we see yields pullback, people pile in. we will have to see if it continues. alix: if the consumer and investor have been resilient, it seems the investor can be more resilient. is the consumer going to buy stuff tomorrow? if it is 80% off, i will buy it, otherwise forget it? >> they will probably take a pause unless they need it. i think the deals will dictate how much they spend between tomorrow and christmas. do the deals get better and flow into christmas? there is an extra shopping day this year between now and christmas. christmas falls on a monday so that gives you a weekend to shop for gifts under the tree. dani: that is dangerous. that is when i

she was copied on a submission to deutsche bank of her father's statement of financial conditions, which portrayed his net worth as $3 billion higher than it actually was. that resulted in a deal with much better loan rates than had been previously offered. she then wrote to her fellow executives, "it doesn't get better than this." ivanka said she didn't remember sending the email, but state lawyer lewis solomon said it was clear she was negotiating the deal from top to bottom. the 2011 lease of the old post office building in washington, which donald trump turned into the trump hotel, and then sold in 2022 for 139 million. ivanka and brothers eric and don jr. each reaped $4 million. new york attorney general letitia james said ivanka will not be age to hide from the truth. >> at the end of the day, this case is about fraudulent statements of financial condition that she benefitted from. she was enriched. and clearly, you cannot distance yourself from that fact. >> reporter: sitting in the courtroom, the tone and tenor was so different than when donald trump testified and had flashes of

but if the business was so good with trump, why on earth would deutsche bank stop doing business with how are they going to argue this? >> you know, it is going to be different -- difficult to see how they argue this. but keep in mind, we've had a lot of different events happening outside of trump that shows the necessity of having accurate estimates when you're making loans, because loans are based on bonds, we had a whole financial crisis about. this >> mm-hmm. >> obviously, we find it very difficult to make that argument in general outside of whatever relationship deutsche bank might had with donald trump. second, they're worried about her because talk about somebody who knows everything that happened in that business. your bankers really do knew a lot. so to have somebody like that testify is really bad for the trump organization. of course, keep in mind, in a civil trial, there is already better ruling that certainly fraud happened and -- fighting about the penalty. but she is going to be an extremely important witness. and again, the reason why the trump team is making this kind

and in order to get it, the regular deutsche bank commercial real estate order will not deal with them, they have to go to the private wealth management group for super rich people. ivanka is the one that put that together. that's how they get a much better interest deal, but it requires trump to sign on and attest year over year that he has this net worth that is almost certainly going to turn out to be a lie. so even though there's no dramatic moment where she betrays daddy, nevertheless, she fills in why he needed to say that and why, in fact, the counts in the complaint thabz that he lied are -- it strengthens exactly those counts. >> so, harry, let's sort of clarify that point, because it was significant when she testified to confirming what was in that email, that said that she suggested that he should lower his minimum net worth in that deutsche bank deal to $2 to $2.5 billion. how does that play into what prosecutions are looking for here? is it an admission that he was inflating his net worth previously? >> not exactly, but it shows that she knows it's an issue, and even more

the deals that got loans from deutsche bank and they include the doral golf course in florida and the post office office in d.c. she was asked about this apartment that she has in manhattan. a penthouse apartment that s of $8.5 million. on her father's financial statements, it was listed at 2 and half times that and she said she didn't know what went into the calculation and what didn't. but as it relates to the loans at center of this, we saw documents of her involvement in the emails involving her and she acknowledge the that she was involved in that. but she also said it was at a very high level. she wasn't involved at the granule nitty-gritty details of it. so again trying to distance herself just as her brothers donald trump jr. and eric trump did when they testified last week in this case. cross-examination got underway and they were having her talk about the relationships with deutsche bank and under cross she was having more leeway to explain that the bank was excited to do business with them, that the co-chair of the bank came and met with her and her father at trump tower to

, when he is now demanding a comprehensive review from the supplier, a spokesperson for bmw, told deutsch develop that the company is investigating those allegations of environmental and labor standards. for labor violations, i should say, and would require immediate remedies. should the misconduct be proven? let's go out to some of the other global business stories making headlines. major australian ports reopen monday, following a cyber attack last week. operator d p. world tickets systems offline friday. after detecting the security breach that disrupted operations at its ports, which handle some 40 percent of australia's freight train. if you would expect further disruptions in the coming days as an investigates the breach and shows up in the system since the middle east. biggest airline everett's announce the $52000000000.00 order for $95.00. boeing aircraft on monday. the biggest sale so far as did you buy air show. the order comes just as ever. it's group announced record half your profits of $2700000000.00. german automotive supplier, continental is planning mass of job cuts and i

bank. >> okay, i worked at deutsche bank during this period of time. trump has absolutely no choice but to say it was him. it was donald trump himself that said to the bankers, this is what my brand is where. if on what planet can you say that i may have seen the documents? he said that -- here is what i'm worth. >> listen i agree with you. my only counter to that is that this is donald trump. is he capable of saying something which is black as white? yes there's so many things where he just denied things which they could provide documents. but here clearly not playing for this audience when you turn to the judge and basically say, you called me a fraud? your fraud. this is the trier, a fact. you don't usually try to antagonize the person who is going to decide the case so he is playing, as you said, to a political audience, not to this judge. >> and the judge taking the bait. we all know, a, donald trump presents narcissistic tendencies he wants to have a fight, he wants to make it about him. and we know he's good to move because you punch me, i'm gon

s role in these statements of financial condition in terms of using them to give to banks like deutsche bank and verifying their accuracy as he was handing them over under the terms of their loans for hundreds and millions of dollars. and, on top of that, there is at least one example of don jr. and some of the others at trump org being alerted to the fact that one of the main assets, trump's three-story penthouse at trump tower, the size of it and value was exaggerated by about three times to over $300 million, and "forbes" magazine looked into it in 2015 or so and told them about it, and they sort of just said, eh, oh well, and apparently just went ahead and submitted it to deutsche bank anyway. >> which, by the way, there's overstating and there's sort of -- there's poetic license in real estate. $300 million for a penthouse, that's not in that realm. >> it's an order of magnitude. so they're in deep trouble. >> thank you both very much. i appreciate it. >>> and, next, new reporting tonight from cnn's k-file on house speaker mike johnson's past. his work with the group that vowed to

bmo and deutsche have 2023 price targets while wells far get says the index could go just up from here. bmo says it's enthusiastic heading into 2024 while deutsche's base case incorporates a mild, short recession. kind of saying the stock market can probably power through that. it's interesting in the setup, i think, because the market has kind of passed by the sell side strategists on a year-end 2023 basis. if you look at where the aggregate target is relative to where the index is, the index is actually a little bit ahead of it. so, i think there's a catch-up move by strategists. 5100, that's about 12% up from here. it certainly would be a new high. 4800 is the old high. it would only be up 6% over three years from the prior peak at the beginning of 2022. >> the mild side. >> somewhat, yeah. >> i keep thinking back to this time last year, the 2023 outlooks, everyone was negative. they thought the market can't possibly go up. we've had all these rate hikes. record timing of rate hikes. some were quadruple rate hikes. we'll feel it in terms of an earnings recession. we've got a little

so let's see -- >> wharton, i think she brought deutsche bank to the president. >> exactly.ught deutsche bank, she was instrumental in negotiating those loans, in negotiating leases for the old post office, for example, in washington. i mean, she was very involved in the business. she was hands on, she is a businessperson, she's smart and so let's see what she testifies about and how much she either distances herself from her family's business or if she talks about what her involvement specifically was. but it could be -- this could be very problematic for the family and for the finances because right now in addition to talking about the six remaining counts and trying to prove them, they're also trying to determine the number -- the monetary amount that will be disgorged from ill-gotten gains. she will be instrumental in helping the attorney general prove those facts as well. >> i know we don't have a great specific answer to why this would be the case, our reporting is that she will be cross-examined by the dwechbs, t defense. what's the value to it for the defense and why

prosecutors wanted to nail her down on specific conversations she had with deutsche bank to secure favorableand conversation she had with the trump organization on concerns if her father had the network needed to act as a guarantee for those loans. she said she could not recall. or did not have the necessary details to offer. what we are seeing is she has repeated a lot of the defense that we have seen from her brothers in the past. some of these claims are too old. it was too long ago for her to give specifics. >> how that compared to what we heard from her brothers and her father? >> her demeanor was very different. donald trump was very combative and his style. she appeared to be a cooperating witness. she was courteous to the judge. she answered and even tos. but she really echoed a lot of what her brothers said. she really stressed that she did not work on the fine details of valuing assets. she was not aware of her father's annual financial statements. she really distanced herself from that work. she tried to position her role in the company to more high-level. leaving those details to