Wednesday, November 6, 2024

Donald Trump’s media stock makes comeback ahead of news conference: Live updates

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Trump makes history as first criminally convicted former US president

After a downturn of more than six percent following his guilty verdict on Friday, shares in former President Donald Trump’s social media company rose in pre-market trading.

Shares in Trump Media & Technology, the parent company of the Truth Social platform, were recently up by about two percent.

The stock went public in late March of this year and has since been erratic.

Meanwhile, Trump has insisted “I am a very innocent man” after the jury at his New York hush money trial found him guilty on all of the 34 counts he faced, making him the first American president in history to be convicted of a crime.

The defendant sat emotionless as the jury delivered its unanimous verdict, convicting Mr Trump of falsifying business records to cover up a $130,000 payment made to the porn star Stormy Daniels on his behalf in the run-up to the 2016 presidential election in order to buy her silence over a sexual encounter she claims they had a decade earlier, which Mr Trump denies.

He has since announced he will hold a press conference at Trump Tower at 11am ET on Friday morning.

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Watch live: Trump speaks after criminal conviction in hush money trial

Watch live: Trump speaks after criminal conviction in hush money trial

Warning: This livestream has not been independently fact-checked and may contain misinformation.

The former president was found guilty on all counts he faced, becoming the first criminally convicted US president in history, on Thursday.

He made unfounded claims the trial was “rigged” and “done by the Biden administration in order to wound or hurt a political opponent” in comments shortly after the verdict.

Mr Trump was emotionless as the jury delivered a unanimous verdict, convicting Mr Trump of falsifying business records to cover up a $130,000 payment made to the porn star Stormy Daniels on his behalf in the run-up to the 2016 presidential election in order to buy her silence over a sexual encounter she claims they had a decade earlier, which Mr Trump denies.

He will be sentenced on 11 July at 10am ET (2pm GMT).

Holly Patrick31 May 2024 15:06

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Trump to speak from venue where he announced 2016 campaign

The Trump press conference is taking place where Trump launched his 2016 campaign when he descended his golden escalators in June 2015, and a couple of months later conspired to unlawfully influence the outcome.

He’s now going to proclaim his innocence from the same atrium where he announced he was running.

Alex Woodward31 May 2024 15:55

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PHOTOS: Opponents and supporters of Donald Trump gather outside Trump Tower

An opponent of former President Donald Trump holds signs outside Trump Tower on 31 May
An opponent of former President Donald Trump holds signs outside Trump Tower on 31 May (Ariana Baio / The Independent)
A New Jersey couple described the verdict as ‘rigged’ and a ‘phony'
A New Jersey couple described the verdict as ‘rigged’ and a ‘phony’ (Ariana Baio / The Independent)
Trump supporters gather outside Trump Tower on 31 May
Trump supporters gather outside Trump Tower on 31 May (Alex Woodward / The Independent)

Gustaf Kilander31 May 2024 15:53

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Elon Musk backs Trump and says ‘great damage’ has been done to faith in US justice system

The great genius of our time speaks.

Joe Sommerlad31 May 2024 15:40

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‘I don’t understand what’s happened to the minds of the sane Republicans’

Wendy Sacks walked by the crowd outside Trump Tower at the intersection of 5th Avenue and 57th Street muttering “mother******.”

“I’m just livid that this criminal is being given this honor,” she said, gesturing at the MAGA flags and supporters on the other side of a barricade.

“I don’t understand what’s happened to the minds of the sane Republicans.”

The 30-year Manhattan resident is running an errand and the obstacle course of barricades around the blocks messed up her route.

“I resent on account of this one individual I have to walk one, two, three blocks out of my way to accommodate his blarney and shenanigans.”

After yesterday’s verdict, “I couldn’t be prouder to be a New Yorker.”

Alex Woodward31 May 2024 15:26

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PHOTOS: Trump supporters gather outside Trump Tower ahead of press conference

Trump supporters gather outside Trump Tower ahead of the former president’s press conference on Friday 31 May in New York City
Trump supporters gather outside Trump Tower ahead of the former president’s press conference on Friday 31 May in New York City (Ariana Baio / The Independent)
A Trump supporter holds a sign outside Trump Tower on Friday 31 May
A Trump supporter holds a sign outside Trump Tower on Friday 31 May (Ariana Baio / The Independent)
Trump supporters show to support the former president ahead of his press conference on Friday 31 May
Trump supporters show to support the former president ahead of his press conference on Friday 31 May (Ariana Baio / The Independent)
Reporters and Trump supporters stand outside Trump Tower ahead of Donald Trump’s press conference on Friday 31 May
Reporters and Trump supporters stand outside Trump Tower ahead of Donald Trump’s press conference on Friday 31 May (Ariana Baio / The Independent)

Gustaf Kilander31 May 2024 15:21

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‘Is this the moment Trump’s popularity bubble bursts? Don’t bet on it…’

He has reached the highest echelons of office by defying political gravity – but, after being found guilty on 34 felony charges, will the former president finally come crashing back down to Earth?

Jon Sopel explains why yesterday’s verdict may not end up making a jot of difference come November.

Joe Sommerlad31 May 2024 15:20

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Speaker Johnson says Supreme Court should ‘step in’

House Speaker Mike Johnson has said that he believes the Supreme Court should “step in” following the guilty verdict of former President Donald Trump on 34 counts in his hush money trial.

“I do believe the Supreme Court should step in,” he said on Fox & Friends on Fox News on Friday morning. “I think they’ll set this straight but it’s going to take a while.”

Speaking about the justices, he said: “I know many of them personally, I think they’re deeply concerned about” the faith in the American justice system.

Gustaf Kilander31 May 2024 15:13

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Hillary Clinton releases ‘she was right’ mug immediately after Trump’s conviction

You didn’t think you’d get through the whole day without hearing from Hillary did you?

Here’s Sinead Butler for Indy100.

Joe Sommerlad31 May 2024 15:00

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More reporters and pedestrians than Trump supporters at Trump Tower ahead of press conference

The Independent’s Ariana Baio is at Trump Tower ahead of the former president’s press conference. With just over an hour to go until Trump’s 11am press conference, there are more reporters and pedestrians present than Trump supporters.

One woman spotted wearing a Trump flag was one of few Trump backers in the area.

A Trump supporter wears a flag backing the former president ahead of his Trump Tower press conference
A Trump supporter wears a flag backing the former president ahead of his Trump Tower press conference (Ariana Baio)

Gustaf Kilander31 May 2024 14:54

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