Headline News from The Associated Press
AP Headline News - May 29 2024 11:00 (EDT)
AP News. Good morning. I'm Ed Donahue. The jury is receiving instructions from Judge Juan Mershan in the Hush Money trial of former President Donald Trump. The AP's Julie Walker is in New York. Arriving at court for jury deliberations in his Hush Money trial, Donald Trump did not stop to speak to reporters as he typically does before court each day. He had family by his side, his son Don Jr. Trump walked into the courtroom wearing a gold tie surveying the crowd as he appeared to purse his lips. Trump faces 34 felony counts of falsifying business records to cover Hush Money payments. Jurors could convict him of all counts, acquit him of all counts, or deliver a mixed verdict, in which he's found guilty of some charges and not others. If they did lock, known as a hung jury, the judge may declare a mistrial. At Criminal Court in Manhattan, I'm Julie Walker. In that same courthouse later today, Harvey Weinstein is expected to appear before a judge. The former movie producer is awaiting a retrial on rape charges after his 2020 conviction was tossed out. French President Emmanuel Macron is joining the head of NATO and pushing for a policy shift that would change the complexion of the war in Ukraine, allowing Kyiv to strike military bases inside Russia with sophisticated long-range weapons provided by Western partners. Widespread power outages remain in Texas because of severe weather. A teenager was killed at a construction site while working on a home that collapsed. A volcano in Iceland erupted for the fifth time since December, spewing red streams of lava, triggering the evacuation of the popular blue lagoon geothermal spa. There will soon be new additions to Washington DC's National Zoo. First Lady Jill Biden was part of the announcement. We can't wait to celebrate this historic moment here in our nation's capital. Join us. It's official. The pandas are coming back to DC. Two giant pandas are coming from China by the end of the year. This is AP News. I'm Seth Toutel, and this is Markets in a Minute. Stocks are pulling back on Wall Street and trimming their gains for May, which had been on track to be the market's best month in the last six. The S&P 500 was down 8/10% Wednesday, sinking further below the record high it set last week. The Dow lost 373 points. That's about 1%, and as that composite fell 7/10% after setting its latest all-time high. American Airlines led a slump in airline stocks after cutting its profit forecast. American descended 13%. Marathon Oil jumped almost 9% after agreeing to be acquired by Conoco Phillips. It was the latest big corporate deal in the oil industry. Another tick higher in long-term treasure yields was also weighing on the stock market. The yield on the 10-year Treasury note rose to 4.60%. Seth Toutel, New York. A fire believed to have been caused by a short circuit has destroyed part of Miniland, a section of the Lego Land theme park in Denmark. I'm at Donahue AP News.