Former lawyer and prosecutor Guy Lewis criticized Judge Juan Marchan on “The Big Money Show” for running a “shaky” trial.
Shares of Trump Media and Technology Group closed higher on Wednesday as jurors began deliberations in the former president’s hush-money criminal trial.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| David | Trump Media & Technology Group, Inc. | 51.12 | +1.19 | +2.38% |
The stock rose 2.38% despite the broader stock market closing lower. The Dow Jones Industrial Average fell 1%, the S&P 500 fell 0.7% and the Nasdaq Composite fell 0.6%.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones Average | 38441.54 | -411.32 | -1.06% |
| SP500 | S&P 500 | 5266.95 | -39.09 | -0.74% |
| I:Comp | Nasdaq Composite Index | 16920.580419 | -99.30 | -0.58% |
The jury was dismissed Wednesday and will reconvene at 9:30 a.m. ET Thursday to continue deliberations, Judge Juan Marchan instructed.
Trump considers Elon Musk’s role if he wins the 2024 presidential election
On the first day of deliberations, jurors asked to hear again testimony from David Pecker, the former CEO of American Media Inc., and Michael Cohen. Marchant said the court is still digging around for the requested testimony and estimated it will take about 30 minutes to read it over. According to Fox News.
Manhattan District Attorney Alvin Bragg charged Trump with 34 counts of first-degree falsification of business records. Trump has pleaded not guilty to all charges.
Former President Donald Trump, the Republican presidential nominee, accompanied by his lawyer Todd Blanche, spoke to reporters after the 12 jurors in his criminal trial began deliberations at Manhattan Criminal Court in New York City on May 29, 2024. (Curtis Mean/Pool/AFP via Getty Images/Getty Images)
Outside of the jury deliberations, the only news about the company, which runs social media platform Truth Social, was disclosed in a filing with the Securities and Exchange Commission.
Former President Trump returned from a recess in his criminal trial at Manhattan Criminal Court in New York City on May 29, 2024. (Curtis Means/Pool/Getty Images/Getty Images)
CEO Deven Nunes wrote a letter to Louisiana Department of Financial Institutions Commissioner Scott Jolly, stressing what he believes to be manipulation of the company’s stock price. Nunes has asked Jolly to open an investigation.
“We respectfully request that an investigation be initiated immediately to determine the nature and extent of the illegal conduct, and in particular whether DJT’s transactions violate Louisiana securities laws,” he wrote.
FOX Business reached out to the company but did not immediately receive a response.
Trump Media Warns of Possible Nasdaq Market Manipulation
This is not the first time Nunes has alleged market manipulation of DJT shares: In April, Nunes asked Nasdaq CEO Adena Friedman to investigate a similar pattern of allegations.
Trump Media & Technology shares are up 192% this year despite the losses.
Trump Media and Technology Group
The company said earlier this month that it had a first-quarter operating loss of more than $12 million on revenue of $770,500.The company also revealed that the number of its retail public shareholders had reached 621,000.
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The former president is the largest single shareholder with a 65% stake, valued at just under $6 billion, according to ThomsonOne research.
