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I'm Brianna Keeler in for Wolf Blitzer in the situation room and at any moment we do expect to hear from the former president Donald Trump himself.

We have our legal and political team standing by as we are covering this breaking story.

First, let's go to CNN's Kara Schenel, who is in New York for us.

Kara, this ruling against Trump and his top deputies could devastate his business empire.

Yeah, I mean this is a significant blow to Donald Trump.

You know, this judge finding that he was liable for fraud that he had falsified

business records that he issued false financial statements and finding that he

should pay 355 million dollars plus interest.

In addition, the judge also found that his sons,

who run the Trump organization on a day-to-day basis,

Eric Trump and Donald Trump Jr.

also finding them

ordering them each to pay four million dollars.

...