Good morning. Welcome, Naxios today. It's Friday, August 4th. I'm Naila Buder.

Today, checking back on the health of America's downed towns, plus the Hollywood Strikes

Economic Impact by the numbers. But first, Trump's third arrangement and why he's not the

only GOP candidate burning through campaign cash. A weekly politics state of play is today's

one big thing.

This is a very sad day for America. Former President Trump had few words for reporters

from a rainy tarmac at Reagan National Airport just outside Washington DC yesterday. Minutes

earlier, he had pleaded not guilty to four federal charges that he plotted to overturn

the 2020 elections. It's the third time in four months. The Trump has appeared before

a judge for criminal charges, but the first time, it's for something that happened while

he was in office. Trump's next hearing in the case will be on August 28th. And a separate

fourth indictment in Fulton County, Georgia could be on the way in the next few weeks. Of

course, the former president will be spending big on legal fees. And that's one reason he's

burning campaign cash fast. But other candidates have even higher so-called burn rates. And

next to this, Steph Kite is here with the numbers and why they matter for this phase of

the campaign. Steph, can you start by explaining what exactly a burn rate is?

Burn rate is how we measure how quickly candidates are spending the money that they're raising.

And obviously, when it comes to the long campaign cycle, they have to be careful that they're

not spending too fast early on. And you kind of look at a couple things, both the burn

rate and also cash on hand, which indicates how much money they have in the bank ready

to be spent over the long haul. Who's blowing through cash the fastest here?

So some of their Tim Scott, when you look at this point in the cycle, he has the greatest

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