Trump Pleads Not Guilty

Donald Trump pleaded not guilty in federal court Tuesday to 37 counts of mishandling classified documents while hundreds of his supporters cheered, chanted, and waved flags outside.

After his court appearance, Trump stopped at Versailles, an iconic Cuban eatery in Miami’s Little Havana neighborhood, where people sang “Happy Birthday.” Trump turns 77 today.

Prosecutors vowed the case would move swiftly, but experts say it’ll take at least a year because classified documents are involved—well into the 2024 presidential election season. 

Burisma Exec Allegedly Recorded Biden

Sen. Chuck Grassley told the Senate Monday that the Burisma executive who allegedly paid Joe Biden and his son Hunter for access kept 17 tape recordings of their conversations as an “insurance policy.”

The allegation of the tapes’ existence came from a redacted version of an FBI whistle-blower document that the FBI refused to turn over to Congress. Instead, the agency agreed only to let House members review the document.

At the heart of the charges are allegations that Burisma discussed an alleged bribe of $5 million to Joe Biden, and another $5 million to Hunter Biden, according to the whistle-blower.

Business Exodus from San Francisco Accelerates

Westfield, a major national mall operator, is giving up its San Francisco Centre mall after 20 years, citing crime and safety issues. The company will turn the mall over to its lenders.

The company joins a growing list of businesses leaving the downtown area, including the operator of two major hotels and retailers such as Anthropologie, Gap, and Marshalls. Whole Foods temporarily closed a flagship store as well.

While other cities have recovered from the pandemic, San Francisco, long a beacon for progressive politics, continues struggling with crime and homelessness.

➤ Kevin McCarthy appears to have ended his impasse, for now, with a dozen angry GOP conservatives who froze House business last week. After meeting with McCarthy, the group agreed to allow votes on GOP priorities to move forward. (More)

➤ The White House condemned trans activist Rose Montoya for going topless at President Biden’s Pride Month event this weekend. The President’s office labeled the behavior “inappropriate and disrespectful” and banned Montoya from future events. (More)  

➤Nearly 100% of political contributions from media “fact-checkers” go to Democrats, according to a review of campaign finance disclosures. Though fact-checkers say they’re neutral, a minuscule 0.5% of their donations go to Republicans. (More)

➤ Karine Jean-Pierre, the White House press secretary, violated the Hatch Act by referring to “MAGA Republicans” ahead of the midterms, said a federal watchdog agency. The Hatch Act bars government officials from interfering in elections.  (More)

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➤Ten people were wounded in a downtown Denver shooting during the Denver Nuggets NBA Championship celebration.  Police arrested a suspect, one of the ten wounded, in what they suspect was a drug deal gone wrong.  (More)

➤Toronto billionaire Michael Andlauer agree to pay nearly $1 billion, a record price, to purchase 90 percent of the Ottawa Senators hockey team. The Senators are one of seven NHL franchises based in Canada. (More)

➤The US Open begins tomorrow, just a week after the PGA Tour agreed to merge with rival LIV, but the drama will continue on the course. The PGA’s most vocal supporter, Rory McIlroy, will be paired in the opening round with LIV star Brooks Koepka. (More) 

Market Report   6/13/23

➤Big Stock Move:  Lumen Technologies stock shot up 16.4 percent today due to a new partnership it announced with Microsoft and Google to provide a new network interconnection system called ExaSwitch. (More)

➤Inflation rose at a 4% annual rate in May, the lowest in two years, and the Consumer Price Index increased just 0.1% for the month. The news makes it likely the Fed won’t increase interest rates in its meeting this week. (More)

➤ Chrysler is recalling over 331,000 Jeep Grand Cherokee SUVs because the rear coil springs can detach while driving, increasing the chances of a crash. Notification letters will go to owners by July 28, officials said.  (More)

➤ US spy agencies are buying vast amounts of commercially available information on Americans, including data pulled from smartphones, web browsing, and connected vehicles.  The data is available for purchase by anyone, including hostile nations. (More)

➤ Paul McCartney says he’s using AI technology to help produce what he calls “the final Beatles record.”  McCartney is using AI to pull John Lennon’s voice from a 1978 tape in order to complete the song, believed to be titled “Now and Then.” (More)

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➤A California family cleaning out a 100-year-old house found more than 1 million old pennies — at least $10,000 worth — stored in dozens of bank bags in the attic.  Because the pennies are valuable copper, the family is seeking a buyer at $25,000. (More) 

➤ Mourners at an Ecuadorean woman’s funeral were shocked to find her alive when they opened her coffin to change her clothes.  The woman, believed dead from a stroke, was gasping for air after being in the closed coffin for five hours. (More)

➤ Nigerian chef Hilda Baci has set a Guinness World Record for the longest cooking marathon by an individual. Baci cooked 100 pots of food during a four-day marathon watched by millions of viewers on Instagram.  (See Video)

Today’s Trivia

What U.S. pro sports franchise holds the record for the highest sales price?