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.
Top headlines:
- Banker says he set up LLC, which Cohen used to pay Daniels
- 'Thank you for handling' McDougal, Pecker says Trump told him
- 'This story is true,' Pecker recounts being told of Stormy Daniels
- Pecker describes $150,000 negotiations for McDougal's story
- Secret Service has plans if Trump is confined for contempt: Sources
What to know about the hush money case
READ MORE: Here's what you need to know about the historic case.
Trump arrives at courthouse
Former President Trump has arrived at the courthouse in lower Manhattan.
He stepped out of his motorcade, waved, and walked into the side entrance.
A small group of supporters and protesters both cheered and booed his arrival.
Trump en route to courthouse
Former President Trump is en route to the courthouse in lower Manhattan for this morning's proceedings.
The former president left for the the courthouse from Trump Tower in Midtown Manhattan.
Court may start with hearing on Trump testifying
Court this morning may start with a hearing over what prosecutors can ask Trump during cross-examination should he take the stand later in the trial.
The judge would hear arguments from both the people and the defense. The proceedings would then move into jury selection later in the morning.
Prosecutors have indicated they would want to cross-examine Trump on approximately "thirteen different court determinations," including the recent civil finding that he sexually abused columnist E. Jean Carroll, the criminal conviction of the Trump Organization last year, the finding that he committed a decade of business fraud, and the dissolution of his charity, according to sources familiar with the matter.
The hearing -- known as a Sandoval hearing -- is standard practice before jury selection and typically occurs when a defendant signals a willingness to testify.
In a filing last month, Trump's lawyers requested a Sandoval hearing to limit the scope of Trump's potential cross examination, if he opted to testify.
ABC News' Katherine Faulders contributed to this report.
Jury selection set to begin
Former President Trump will leave his Trump Tower apartment in Midtown Manhattan this morning and travel down to lower Manhattan for the first day of jury selection in his criminal hush money trial.
The proceedings come after Trump unsuccessfully tried three times last week to delay the start of the trial through the filing of appeals.
As a defendant in a criminal case, the former president will be required to be in court for the entire trial, which is expected to take six to eight weeks.
Pecker says McDougal's story could have 'hurt the campaign'
Former National Enquirer publisher David Pecker testified that he believed Donald Trump had knowledge about the $150,000 contract to buy Karen McDougal's silence regarding an alleged year-long affair.
"Do you know if anyone else besides Michael Cohen had any knowledge of this contract?" prosecutor Joshua Steinglass asked.
"Yes, I believe Donald Trump did," Pecker responded.
"Was your principal purpose to suppress the story to prevent it from influencing the election?" Steinglass asked.
"Yes," Pecker said.
"Were you aware that expenditures by corporations made for the purpose of influencing an election made in coordination with or at the request of a candidate or campaign were unlawful?" Steinglass asked.
Pecker said he was aware and confirmed that the Enquirer's parent company, AMI, never reported the payment to the Federal Election Commission.
"We purchased the story so it wouldn't be published by any other organization," Pecker said.
"Why did you not want it to be published by any other organization?" Steinglass asked.
"We didn't want the story to embarrass Mr. Trump or embarrass or hurt the campaign," Pecker said.
"Who is we?" Steinglass followed up.
"Myself and Michael Cohen," Pecker said.
According to Pecker, AMI agreed to the $150,000 payment on the promise that Donald Trump or the Trump Organization would reimburse AMI for the payment. He frequently followed up with Cohen about the reimbursement and got a similar answer from Cohen.
"Why are you worried? I am your friend. The boss will take care of it," Pecker said about Cohen's response.