Headline News from The Associated Press
AP Headline News - Jul 01 2024 11:00 (EDT)
AP News. Good morning. I'm Ed Donohue. The Supreme Court ruled former presidents have absolute immunity from prosecution for their official acts and no immunity for unofficial acts. What does this mean for former President Donald Trump? Here's the AP's Sagar McGonney. The High Court has sent the case about whether Trump has immunity from criminal prosecution back to lower courts. That all but ends the chances. The likely GOP presidential nominee could be tried before November's election. This is a stand mentioned during arguments in April by Justice Brett Kavanaugh. The president is subject to prosecution for all personal acts just like every other American for personal acts. The question is, acts taken in official capacity. Former President Trump spoke in April about the need for immunity. The presidential immunity, a very powerful presidential immunity, is imperative or you practically won't have a country anymore. The Supreme Court is opening the door to new broad challenges to regulations long after they take effect, ruling in favor of a truck stop in North Dakota that wants to sue over a regulation on debit card swipe fees that the federal appeals court in Washington upheld 10 years ago. The justices are also keeping on hold laws in Florida and Texas that seek to limit how social media platforms regulate user content. The military is boosting security at European bases because of a combination of threats. More again from the AP, soccer, McGony, US European command is raising its security alert to force protection, Charlie, the second highest level for troops. That's done when there is a security incident or intelligence indicating some form of action against personnel or facilities is likely to officials say the threat level was boosted due to a combination of threats and events in the region. Hurricane barrel is about to hit the windward islands in the Caribbean as a strong category for hurricane. This is AP news. I'm Damian Troyisi and this is markets in a minute. Stocks are drifting mostly higher on Wall Street Monday and following the French market as elections continue to drive swings in financial markets worldwide. The S&P 500 rose 0.1% in morning trading as it kicked off a short four day week that includes the 4th of July holiday. The Dow Jones industrial average rose 286 points and the NASDAQ composite slipped 0.2%. Treasury yields rose in the US bond market. Some of the world's strongest action was in Paris where stocks jumped nearly 2%. Results from France suggested a far right political party may not win a decisive majority in the country's legislative elections. Damian Troyisi, New York. Repeating our top story, the Supreme Court extended the delay in the Washington criminal case against former President Donald Trump. On charges he plotted to overturn the presidential election loss in 2020, all but ending prospects he could be tried before the November election. I'm Ed Donahue, AP News.