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.
Cross-examination of David Pecker set to continue
Defense attorney Emil Bove is scheduled to continue his cross-examination of former National Enquirer publisher David Pecker this morning, on Day 8 of former President Donald Trump's hush money trial.
On Thursday, under direct examination, Pecker detailed his publication's "catch-and-kill" deal with Trump, explaining how his publication paid Playboy model Karen McDougal $150,000 for the exclusive rights to her story about an alleged year-long relationship she had with Trump, then kept it under wraps so it wouldn't "embarrass Mr. Trump or embarrass or hurt the campaign."
Under cross-examination from Bove, Pecker testified that there was "nothing wrong" with those kind of arrangements, and that they were "standard operating procedure" for publications like his, listing several politicians -- including Rep. Rahm Emanuel and Arnold Schwarzenegger -- for whom he had caught and killed stories.
Trump calls day's court proceedings 'breathtaking'
Former President Trump, exiting the courtroom at the end of Day 7 of his trial, called the day's court proceedings "breathtaking."
He specifically remarked on the Supreme Court's hearing this morning on his bid for presidential immunity in his federal election interference case, which Trump was forced to miss due to his criminal trial.
"I heard the meeting was quite amazing. The justices were on their game," Trump said.
-ABC News' Kelsey Walsh and Mike Pappano
Prosecutor objects to defense questions before court is adjourned
Prosecutor Joshua Steinglass alleged that defense attorney Emil Bove used a "totally improper line of questioning" during Bove's cross-examination of former National Enquirer publisher David Pecker.
Judge Juan Mechan, addressing Bove, at one point raised his voice slightly, saying, "Are you missing my point? Because I don't think you are responding to what I am saying."
Merchan said that the jurors will be corrected about the alleged misimpression at the start of court tomorrow.
The judge then adjourned the day's proceedings, with court scheduled to resume at 9:30 a.m. ET Friday.
Pecker says AMI paid to kill stories for Schwarzenegger
In his cross-examination of David Pecker, the former National Enquirer publisher who ran the publication's parent company, AMI, defense lawyer Emil Bove sought to draw a contrast between AMI's conduct with Donald Trump and its work with another celebrity-turned-politician: Arnold Schwarzenegger.
Earlier today, Pecker testified about an agreement with Schwarzenegger ahead of the actor's run for California governor. According to Pecker, Schwarzenegger agreed to serve as an editor-at-large for some of AMI's fitness magazines in exchange for help quashing negative stories about Schwarzenegger's past interactions with women.
"A number of women called up the National Enquirer about stories that they have to sell on different relationships or contacts and sexual harassment they felt that Arnold Schwarzenegger did," Pecker said. "The agreement I had with Arnold was I would call him and advise him of any stories that were out there."
Pecker described that his arrangement with Schwarzenegger -- which he said resulted in an "embarrassing" investigation into AMI's conduct -- provided him with some foundational experience when he began identifying and killing stories for Trump.
"That's how I became sensitive on this topic," Pecker.
Pressed on cross-examination about the arrangement with Schwarzenegger, Pecker acknowledged that AMI spent its own money to kill stories about the former California governor.
"It was hundreds of thousands of dollars," Pecker said.
"And Mr. Schwarzenegger never paid you back for that?" Bove asked.
"No, he didn't," Pecker said.
Pecker also testified about an effort to compel Tiger Woods to do an interview with AMI's fitness magazines by purchasing a negative story about him as leverage.
'Thank you for handling' McDougal, Pecker says Trump told him
Former National Enquirer publisher David Pecker testified that he was twice summoned to Trump Tower in the period following the 2016 election: the first time for a meeting with Michael Cohen, and the second with Donald Trump.
The first meeting began in Cohen's office, where Cohen divulged for the first time to Pecker that he personally covered the $130,000 payment to Stormy Daniels, and that he was concerned that he would not receive a bonus from the Trump Organization, Pecker testified.
"He (Cohen) asked me to talk to the boss on his behalf to try to help him get his bonus," Pecker said, referring to Trump.
When Trump himself came into the room, Pecker asked to walk him back to his office -- and at that time, Pecker told Trump that "Michael Cohen is very concerned about his bonus for this year, and I want you to know that he's very loyal."
Trump replied that Cohen had several apartments and taxi medallions, and added, "Don't worry about it, I'll take care of it," Pecker said.
On Jan. 6, 2017, Pecker arrived at Trump Tower for a meeting with Trump and was escorted to his residence by Jared Kushner, he testified.
Pecker said he was ushered into the room, where Trump was surrounded by administration officials James Comey, Sean Spicer, Reince Priebus, and Mike Pompeo -- they were "updating Mr. Trump on the Ft. Lauderdale shooting" that had occurred at the airport there.
Pecker testified that when Trump introduced him to Trump's inner circle of advisers, Trump said of the National Enquirer publisher, "He knows more than anyone else in this room."
"It was a joke. Unfortunately, they didn't laugh," Pecker testified, which brought some laughs from reporters in the gallery. A few jurors smiled at the moment.
Pecker testified that after Trump's advisers left the room, Trump turned to him.
"He (Trump) asked me how Karen [McDougal] was doing -- how's 'our girl' doing. I said, she's writing her articles, she's quiet, things are going fine."
Trump then said, "I want to thank you for handling the McDougal situation." And then he said, "I want to thank you for the doorman situation," Pecker testified.
Pecker testified that he took this to mean that Trump was thanking him "for not publishing any of the stories and helping the way I did."