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Daily Markets Update: Nasdaq Hits Record as Yields Top 5.3%, TSX Flat, Loonie Near 70¢

  S&P/TSX 35,518.55 +0.04% S&P 500 7,773.99 +0.66% Nasdaq 27,477.31 +1.05% Brent US$100.42 -1.8% USD/CAD 1.4250 Flat US 10-yr 5.315% +3.8 bp Monday, October 5 close, with Asia’s Tuesday session. Wall Street’s tech rally pushed the Nasdaq to a fresh record on Monday even as long-term bond yields kept climbing: the U.S. 10-year Treasury yield settled at 5.315%, a new 52-week high. Canada’s TSX barely moved, with tech gains offsetting a slide in energy and financials, and Cenovus fell after unveiling a C$5.7-billion takeover of Athabasca Oil. Oil dropped nearly 2% as G7 emergency stock releases and rising Middle East exports eased supply fears, and the loonie hovered near 70 U.S. cents, close to its weakest level in about 18 months. Canada: TSX Flat as Tech Offsets Energy Index / Stock Close Change S&P/TSX Composite 35,518.55 +0.04% Shopify (SHOP) — +5.7% Athabasca Oil (ATH) — +13.5% Cenovus Energy (CVE) C$44.86 -3.0% Suncor Energy (SU) — -1.2% The TSX added 15.90 points ...

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Ex-Prosecutor Identifies Game-Changing Testimony in Trump’s Hush Money Trial


In a dramatic turn of events during the trial related to hush money payments, former U.S. Army prosecutor Glenn Kirschner highlighted a piece of testimony that could haunt Donald Trump. The trial centers around allegations that Trump falsified business documents to conceal payments made to porn actor Stormy Daniels before the 2016 election.

On election night in 2016, attorney Keith Davidson, who represented Stormy Daniels at the time, texted then-National Enquirer editor Dylan Howard with a revealing question: “What have we done?” This message came as it became increasingly apparent that Trump would win the election. The Enquirer had also engaged in a “catch and kill” initiative to bury potentially damaging stories about Trump.

Kirschner described this testimony as “breathtaking” and emphasized that it directly undermines one of Trump’s key defense assertions. Davidson’s acknowledgment of his actions potentially impacting the election result suggests that they recognized the damage caused by their conduct. Moreover, it’s clear that the hush money payments were intended to influence the election, not merely to conceal information from Melania or Trump’s family.

This revelation could have far-reaching consequences for Trump’s criminal responsibility. It challenges the defense’s attempts to distance Trump from any wrongdoing. As the trial unfolds, the impact of this admission remains to be seen.


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