Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Protestors outside the Virginia courtroom where Paul Manafort's trial is taking place. Photo: ark Wilson/Getty Images

Jurors in Paul Manafort's trial were dismissed on Friday by Judge T.S. Ellis until Monday — he told them, per the Washington Post, not to "look it up on Google or anywhere else. Put it completely out of your mind until Monday; that's what I plan to do."

The big picture: Prosecutors say they'll be resting their case on Monday, the Post reports. Their last witness is expected to be Jim Brennan, a Federal Savings Bank employee who has immunity.

What happened on Friday

Two Federal Savings Bank executives testified on Friday — the ninth day of the trial — accusing Manafort of "defrauding the bank of $16 million," CNN reports.

  • Senior Vice President of the bank, Dennis Raico, told the court he helped enable two loans for Manafort, CBS reports: one for $9.5 million, used to fund construction on property in the Hamptons, and another for $6.5 million, used on construction on property in Brooklyn.
  • Raico also spoke about the "unusual involvement" in the loan process from the bank's CEO Steve Calk, who wanted a job in the Trump administration.
  • COO Andrew Chojnowski told the court on Friday Manafort signed documentation "saying he had disclosed all outstanding debts and that he understood it was illegal to make false statements during the application process," the Post reports.

Senior director of the New York Yankees, Irfan Kirimca, testified about Manafort's history as a season ticket holder.

  • Why it matters: Per the Post, this "links to the $16 million in loans Manafort received."
  • During the application process, Federal Savings Bank employees flagged "hundreds in thousands of dollars in debt on Manafort's American Express credit card." This would have made it difficult for Manafort to get the loans he was applying for.
  • Manafort told bank employees that his associate, Rick Gates, had purchased the season tickets after Manafort loaned him the card.
  • The prosecution revealed an email between Manafort and a Yankees employee which disproved Manafort's argument as he was confirming the renewal of his tickets, priced at $226,800.

The judge was asked to correct a statement he made on Thursday, that attorneys "might want to spend time on a loan that was granted," according to CNN.

  • Prosecutors say that the comment "misrepresents the law regarding bank fraud conspiracy, improperly conveys the court's opinion of the facts, and is likely to confuse and mislead the jury." There was not a response to the request by the end of the day, per CNN.

Go deeper: The prosecution in Manafort's trial has left no stone unturned

Go deeper

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
2 hours ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Wanted: New media bosses, everywhere

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.