Trump trial: 1st week of testimony ends with testimony from Michael Cohen's former banker

Banker Gary Farro testified in Donald Trump's hush money trial in New York.

Former President Donald Trump is on trial in New York City, where he is facing felony charges related to a 2016 hush money payment to adult film actress Stormy Daniels. It marks the first time in history that a former U.S. president has been tried on criminal charges.

Trump last April pleaded not guilty to a 34-count indictment charging him with falsifying business records to hide the reimbursement of a hush money payment his then-attorney Michael Cohen made to Daniels in order to boost his electoral prospects in the 2016 presidential election.


What to know about the hush money case

READ MORE: Here's what you need to know about the historic case.


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Jury selection almost ready to begin

After several hours of arguments over various evidentiary and procedural matters, jury selection is nearly ready to get underway.

"This is what we're going to do -- sit down and relax," Judge Merchan told attorneys for both sides. "We have 500 jurors waiting for us. And to be honest with you, I'm not interested in getting into this minutiae with you."

"There's more important work to be done," he said.

Before moving on, Merchan assured attorneys for both parties that his pretrial rulings are subject to change over the course of the trial.

"This is a roadmap," Merchan said, referring to his rulings. "I can reverse myself, I can change my mind."

Merchan then began reading instructions to the attorneys about how to conduct themselves before prospective jurors.


Judge rules on Trump's attacks being admitted as evidence

After a break, Judge Merchan ruled that prosecutors can submit evidence related to Trump's attacks on his former attorney Michael Cohen if the defense first chooses to question Cohen's credibility as a witness.

Merchan said, "I imagine" the defense will seek "to discredit" Cohen -- and when they do, he said, "the door is open" for prosecutors to introduce those tweets of Trump's.

Trump has been leaning forward with his hands clasped beneath his chin as his attorney, Todd Blanche, argues about what other evidentiary guardrails should be in place.


Prosecutors say they may seek to have Trump held in contempt

Following the arguments over alleged witness intimidation, prosecutors signaled they may seek to have Trump held in contempt.

A limited gag order Judge Merchan imposed in recent weeks prohibits Trump from attacking witnesses and others associated with the case.

"Shortly, we will be seeking order to show cause as to why defendant should not be held in contempt," prosecutor Josh Steinglass said, suggesting Trump violated Merchan's order.


DA wants Trump's 'pressure campaign' admitted as evidence

Prosecutor Joshua Steinglass argued that several pieces of evidence related to Trump's alleged "pressure campaign" meant to "keep witnesses off this stand, at this trial" should be introduced at trial.

Steinglass said Trump's public commentary amounted to a "thinly veiled effort to intimidate" two of the government's star witnesses, Michael Cohen and Stormy Daniels.

"The defendant himself has publicly embraced the public strategy of going after his perceived enemies," Steinglass said.

"These tweets, phone calls and emails" should be permitted, Steinglass said. "It's a clear effort to raise the cost of cooperation."

Trump's public postings, Steinglass argued, demonstrate Trump's attempts to silence potential fact witnesses and "relate to his consciousness of guilt."

Trump attorney Todd Blanche pushed back, saying that Trump has been "facing criticism from all sides … the media and others ... and he's defending himself" to his "millions and millions of followers."


Pecker describes $150,000 negotiations for McDougal's story

With Donald Trump following along from the defense table, head cocked slightly to the side, David Pecker described the negotiations conducted with Karen McDougal to purchase the exclusive rights to her story about an alleged year-long relationship with Trump.

Pecker said that Trump's attorney Michael Cohen authorized negotiations to begin, then during those negotiations, "Michael was very agitated," constantly asking "Why is this taking so long?"

"To purchase the lifetime rights to Karen McDougal was going to cost $150,000. Plus Karen wanted to restart her career. She wanted to write for the celebrity magazines. She wanted to be on the cover of the life and fitness titles. She had a major problem when her breast implants were removed and she wanted to write about that," Pecker testified.

Pecker said he asked Cohen, "Who is going to reimburse me for this?" He said Cohen responded "Don't worry about it, I'm your friend the boss will take care of it.'"

When prosecutor Josh Steinglass asked Pecker who "the boss" was, Pecker answered "The boss would have been Donald Trump"

Prosecutors then displayed for the jury the contract with McDougal, dated August 5, 2016. It awarded AMI, the Enquirer's parent company, the rights to her story of a relationship she had "with any then-married man." Pecker said "she was referring to Donald Trump."

Pecker testified he needed to "validate" the amount of money AMI was going to pay, so the contract included other provisions, like having McDougal write monthly columns on aging and fitness.

"With respect to campaign laws, I wanted to have the contract be a record that stipulates the services she was going to perform for American Media had a basis for it, the $150,000," Pecker said.

"Was it your primary purpose to buy the life rights?" Steinglass asked. "Yes it was," Pecker responded.

"Were the other provisions to disguise the true nature of this contract?" Steinglass asked. "Yes," Pecker replied, letting out a sigh.