Oct 30, 2017

Paul Manafort charged with conspiracy against the U.S.

AP Photo / Carolyn Kaster

Paul Manafort, Trump's former campaign manager, and his business partner Rick Gates, have been indicted by a federal grand jury as a result of Special Counsel Bob Mueller's Russia probe.

It involves 12 counts, per Peter Carr, a spokesman for the special counsel's office: conspiracy against the United States, conspiracy to launder money, unregistered agent of a foreign principal, false and misleading Foreign Agent Registration Act statements, false statements, and seven counts of failure to file reports of foreign bank and financial accounts.

Why it matters: This is the first indictment of Mueller's probe, and although it doesn't explicitly link a former Trump campaign associate directly to pro-Trump Russian collusion, it shifted the probe even closer to Trump and those close to him — and it negates Trump's claims that Mueller's work is simply a "witch hunt" with no basis.

Go deeper: Why Paul Manafort registered as a foreign agent, how Mueller's probe closed in on Manafort, and a look back at Manafort's Russia intrigue.

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Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

Go deeperArrowUpdated 10 mins ago - Economy & Business

India gives Trump warm welcome as brutal protests rip New Delhi apart

People supporting India's new citizenship law beat a Muslim man in New Delhi, India. Photo: Danish Siddiqui/TPX/Reuters

While President Trump enjoys a hero's welcome in India, that nation's capital is being torn apart by violent protests between Hindus and Muslims.

The state of play: At least 186 people — 56 police officers and 130 protesters — have been injured and 10 killed in recent clashes, a New Delhi police spokesperson told the AP.

Go deeperArrow1 hour ago - World

Wall Street sees 2nd day of brutal sell-off

Photo: Johannes Eisele/AF via Getty Images

The stock market fell another 3% on Tuesday, following Monday’s sell-off. Bond yields touched record lows.

The big picture: Stocks continued to fall as the CDC said it expects the coronavirus to spread in the U.S. The Dow and S&P are more than 7% below the record highs seen earlier this month.

Go deeperArrowUpdated 2 hours ago - Economy & Business