Headline News from The Associated Press
AP Headline News - Apr 26 2024 11:00 (EDT)
AP news. Good morning. I'm Ed Donahue. Today is day four of testimony in New York in former President Donald Trump's hush money trial. I want to start by wishing my wife Melania a very happy birthday. It's nice to be with her, but I'm in a courthouse for a re-trial. It's a re-trial. Terrible. Back for cross-examinationist Fomer National Inquirer, publisher David Pecker. He has described helping very embarrassing stories. Donald Trump feared could hurt his campaign. So we have another day of court and a freezing courthouse. It's very cold in there. For what purpose I've laid. They don't seem to be able to get the temperature up. It shouldn't be that complicated. But we have a freezing courthouse, and that's fine. It's just fine. Pecker so far has painted a taudre portrait of catch-and-kill tabloid schemes, catching a potentially damaging story by buying the rights to it and then killing it. He's likely to get them in the new U.S. military aid package. Ukrainian President Falodimir Zelensky says they need Patriot missiles. You have these systems and they truly can change the situation now. Change it for the better. They can create an air shield against further Russian missile attacks. Defense Secretary Lloyd Austin says message received. Ukraine is in dire need of more air defense systems and it urgently needs more interceptors. That's going to be a huge priority for us all today. The Ukraine defense contact group is meeting today. The Federal Reserve's preferred inflation gauge shows price pressures remain elevated last month. It's reinforcing the Fed's reluctance to cut interest rates anytime soon. A court in Romania's capital has ruled a trial can start. In the case of influencer Andrew Tate, he is charged with human trafficking, rape, and forming a criminal gang to sexually exploit women. Tate denies the allegations. This is AP News. I'm Seth Zetel and this is Markets in a Minute. Alphabet and Microsoft are leading the U.S. stock market toward its first winning week in the last four. The S&P 500 rose 1.1 percent in the first hour of trading Friday. The Dow added 208 points. It's about 6-10 percent. And as that composite gained 1.9 percent. Google's parent company jumped almost 10 percent after breezing past analysts' expectations for profit and announcing its first dividend. Microsoft climbed 2.7 percent after that company also topped forecasts. Adoptoff set a 10 percent slide in Intel. The chip maker gave a profit forecast that fell short of expectations. Treasury yields eased in the bond market after a report on inflation in March came in more or less as expected. The yield on the 10-year Treasury note fell to 4.65 percent. Seth Zetel, New York. A Massachusetts man, Jack Callahan, who told police he was exercising a demon and performing a baptism when he shoved his father's head underwater multiple times, has been convicted of involuntary manslaughter in his death. I'm Ed Donahue, AP News.