"It's a paper case," defense attorney Todd Blanche says. "This case is not about an encounter with Stormy Daniels 18 years ago. An encounter that President Trump has unequivocally and repeatedly denied ever occurred. It's not even about a settlement in 2016," Blanche said.

"The bookings were accurate. And there was absolutely no intent to defraud," he said. "And beyond that, there was no conspiracy to influence the 2016 election."

Starting a PowerPoint showing the evidence, Blanche quickly seeks to made the case a referendum on the credibility of Michael Cohen, telling jurors he lied on the witness stand.

"You cannot convict President Trump of any crime beyond a reasonable doubt on the words of Michael Cohen," Blanche said.

"He told you a number of things on that witness stand that were lies, pure and simple," Blanche continued.

"The words that Michael Cohen said to you on that stand -- they matter. He took an oath, he swore to tell the truth, and he told you a number of things on that witness stand that were lies, pure and simple," Blanche said.

"I'm going to start with something I can say i think with confidence … which is just to thank you. To thank you for your jury service," defense attorney Todd Blanche told jurors to begin his closing argument.

"Each of you will decide ... whether President Trump is guilty or not guilty," he said.

All eyes in this courtroom are on Blanche. Every member of Trump's family is looking at him. The jurors are staring at him, many with pens in their hands ready to take notes.

"President Trump is innocent," Blanche said. "He did not commit any crimes, and the district attorney has not met their burden of proof. Period."

Defense counsel Todd Blanche says he has a 2.5-hour closing, "maybe a little longer."

Prosecutors say they estimate they have a 4 or 4.5-hour closing.

“Defense counsel must come up first, and the prosecutor must follow,” Judge Merchan said.

Merchan says he will ask the jury if they will work later than 4:30 p.m. to do all the closings in one day.

Judge Juan Merchan has taken his seat at the bench.

"Good morning, counsel. Good morning, Mr. Trump," Merchan said in his normal greeting to start the proceedings.

Turning to Michael Cohen's testimony, the jury reheard his testimony, under questioning from prosecutors, that Pecker -- during the 2015 Trump Tower meeting -- vowed to keep an eye out for "anything negative about Mr. Trump" and flag them to Cohen.

Q: Could you tell the jury, please, what was discussed and what was agreed to at that meeting?

A: What was discussed was the power of the National Enquirer in terms of being located at the cash register of so many supermarkets and bodegas; that if we can place positive stories about Mr. Trump, that would be beneficial; that if we could place negative stories about some of the other candidates, that would also be beneficial.

Q: Was there anything else that Mr. Pecker said he could also do for Mr. Trump's candidacy?

A: Yeah.

Q: What, in substance, did he say?

A: What he said was that he could keep an eye out for anything negative about Mr. Trump, and that he would be able to help us to know in advance what was coming out and try to stop it from coming out.

Q: And who did he say he would get in touch with if his -- he was able to identify those types of stories?

A: The answer was: Me. Mr. Trump also. Knowing my relationship with David, "The two of you should work together. And anything negative that comes , you let Michael know, and we'll handle it."