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Donald Trump faces the first federal indictment of a former US president in history.

What happens next? And the owner of Facebook and Instagram is working on a new

app to compete with Twitter. Plus, signs of distress for people who buy now pay later.

If a consumer's wallet is more stretched now than a year ago,

whether you're spreading the payments out over four weeks or not, it can still present

a risky dynamic for the consumer's budget.

It's Friday, June 9. I'm Keith Collins for the Wall Street Journal,

filling in for Luke Vargas. And here is the AM edition of What's News, the top headlines

in business stories moving your world today.

Donald Trump was indicted yesterday by federal grand jury in the investigation into how he

handled classified documents at his floor to home. It's the first time ever that the federal

government has brought charges against a former US president. And it comes after an earlier

indictment of Trump by Manhattan's District Attorney and connection with its probe into the former

president's role in a hush money payment. Joining us to discuss the federal indictment and what

it could mean for the 2024 presidential race is our Washington reporter Alex Liri. So, Alex,

can you remind us how we got here and what led to this indictment?

Yeah, this dates back to when Trump left the White House in January 2021 after losing the

election to Joe Biden. He relocated to his Florida estate, which is called Mar-a-Lago,

...