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WSJ What’s News

New York City Mayor Eric Adams Charged With Bribery and Corruption

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 26 September 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

P.M. Edition for Sept. 26. Federal prosecutors say Adams sought and accepted illegal foreign political contributions. Journal reporter Corinne Ramey discusses the charges. And WSJ lead writer Gunjan Banerji on why American investors are sticking with money market funds. Plus, what counts as a supermarket? WSJ’s Jinjoo Lee explains why this is a big question rocking the grocery industry. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:23.8

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0:29.3

Federal prosecutors revealed the charges against New York City Mayor Eric Adams.

0:38.0

The conduct alleged in the indictment, the foreign money, the corporate money, the

0:42.6

bribery, the years of concealment is a grave breach of the public's trust.

0:46.9

Public office is a privilege.

0:50.4

We alleged that Mayor Adams abused that privilege and broke the law.

0:54.0

And a New York appeals court questions the nearly half a billion dollar civil fraud judgment against Donald Trump.

1:00.0

Plus, investors are keeping their cash in money market funds instead of the stock market.

1:05.6

Doesn't matter?

1:07.2

It's Thursday, September 26.

1:09.2

I'm Tracy Hunt for the Wall Street Journal.

1:11.5

This is the PM edition of What's News, the top headlines and

1:14.7

business stories that move the world today.

1:19.2

Eric Adams is the first sitting New York City Mayor to be indicted in modern history.

1:24.3

Adams is facing five criminal counts including for bribery, fraud, and soliciting a

1:30.5

contribution by a foreign national.

...

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