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‘All nine justices’ rejected Trump’s claim of absolute immunity: CNN’s Toobin

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On Thursday, following the Supreme Court’s 7-2 ruling that President Donald Trump’s taxes are not immune from the Manhattan criminal investigation, CNN chief legal analyst Jeffrey Toobin broke down the implications of the decision.

“All nine justices reject the position put forth by the president’s lawyers in this case,” said Toobin. “All nine justices say that the president does not have absolute immunity from a subpoena, and all nine agree that the case has to go back to district court.”

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“This is a legal defeat for the president, but it may be a practical victory,” added Toobin. “The idea that the president can’t be subpoenaed is completely rejected but the Supreme Court, and that even the two dissenting justices agree on … the practical victory for the president is that the legal proceedings will continue. It seems unlikely, given this opinion, that the president will ultimately be able to stop the disclosure of these events to the grand jury in Manhattan, but it’s going to take time. I mean, this process will begin again. The district court will get briefings. They may hear evidence. That will be appealed to the Second Circuit Court of Appeals, and then losing party will likely go back to the Supreme Court. All of this will take a while.”

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‘This is going to be a nightmare’: WaPo business columnist says Trump’s executive orders will be disasters

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Washington Post economics columnist Catherine Rampell on Monday said that President Donald Trump's executive orders intended to provide economic relief to Americans during the COVID-19 pandemic have the potential to make things much worse.

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WATCH: Damning supercut of Trump’s failed COVID predictions as US passes 5 million infections

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The United States now has more than 5 million novel coronavirus infections -- and President Donald Trump is still insisting, as he has for months, that the situation is totally under control.

CNN on Monday played a damning supercut of Trump's failed predictions about the coronavirus pandemic, starting as far back as January when he told CNBC that "it's one person coming in from China and we have it under control, it's going to be just fine."

"5 million is not just fine," interjected host John Berman. "And it's 5 million more than the close to zero the president promised in March."

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‘The hydroxychloroquine of economic policy’: Krugman warns ‘greater recession’ could come from Trump’s stimulus

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Speaking to CNN on Sunday, Nobel Prize winner Paul Krugman explained that the things President Donald Trump did on Saturday would provide little help to Americans desperate to survive amid a worse recession since the Great Depression.

Amid the coronavirus crisis, the U.S. entered another recession, and jobs were lost so quickly by the shutdown that the unemployment rate soared to 14.7 percent. In the 2007-2008 recession, the rate tapped out at 10 percent. The highest U.S. unemployment rate was 24.9 percent in 1933 during the Great Depression and the Dust Bowl.

"This new thing, what it is, is both limited and it calls for a new program," said Krugman about Trump's proposal. "It calls for complicated actions from the states. More money. And one thing we learned it's that our unemployment insurance system in this country is not designed to do complicated things. The virtue of the last round was that it was very, very simple. Just $600 a month and even so, a lot of people took a long, long time before they got those benefits."

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