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President Trump took a shot at his former lawyer and self-proclaimed "fixer" Michael Cohen this morning, hours after Cohen pleaded guilty to eight felony charges — including a campaign finance charge he says came at the President's request."If anyone is looking for a good lawyer, I would strongly suggest that you don’t retain the services of Michael Cohen!" Trump tweeted.RELATED:?Michael Cohen pleads guilty, implicates TrumpTrump also falsely claimed in a later tweet that Cohen's campaign finance violations were "not a crime" — despite the fact that Cohen had agreed to plead guilty to the charges. The eight charges to which Cohen agreed to plead guilty included campaign finance violation charges relating to hush money payments to two women who had affairs with Trump.Wednesday's tweets were the first times Trump had directly addressed Cohen by name since the attorney pleaded guilty to eight charges on Tuesday afternoon. He chose not to address the issue at a campaign rally in West Virginia last night.   1045

President Donald Trump's lawyer Rudy Giuliani said Sunday that the June 2016 Trump Tower meeting between senior Trump campaign officials and Russians "was originally for the purpose of getting information about (Hillary) Clinton," but denied any collusion between Russia and the Trump campaign.The description of the meeting, which was held between the President's son Donald Trump Jr., son-in-law Jared Kushner, then-campaign chairman Paul Manafort and Russian lawyer Natalia Veselnitskaya, among others, starkly contrasts initial explanations that the meeting was about a Russian adoption policy."Well, because the meeting was originally for the purpose of getting information about, about Clinton," Giuliani said on NBC's "Meet the Press," later adding, "That was the original intention of the meeting. It turned out to be a meeting about another subject and it was not pursued at all. And, of course, any meeting with regards to getting information on your opponent is something any candidate's staff would take. If someone said, 'I have information about your opponent,' you would take that meeting." 1113

Rescuers are searching for crew members aboard two US Marine planes that collided mid-air off the coast of Japan in the early hours of Thursday morning, according to Japan's Ministry of Defense and the US Marine Corps.At least one Marine was killed in the crash and the body has been recovered, the Marine Corps said in a statement. A second Marine was rescued and is described to be in fair condition. Five other Marines remain missing.The KC-130 and F/A-18 collided at 1:42 a.m. local time, according to a Japanese Defense Ministry statement.According to a statement from the US Marine Corps, the crash happened during an aerial refueling that was part of a routine training. The primary mission of a KC-130 is airborne refueling.It is believed five crew were on board the KC-130 and two on the F/A-18 at the time of the crash, two US defense officials told CNN.First Lt. Josh Hayes, a public affairs officer with the 3rd Marines Expeditionary Forces based out of Okinawa, told CNN the rescued Marine was in "fair condition."The killed Marine was found by a Japanese military ship at 12:13 p.m. local time and was being transferred to a mainland medical facility, according to Japanese defense spokesperson Norio Harada.Japan has dispatched 10 aircraft and three ships from its Self Defense Force and Coast Guard to help with the search for five people still believed to be missing.The US 7th Fleet said in a statement that it was supporting ongoing search and rescue efforts with a Navy P-8A Maritime Patrol and Reconnaissance Aircraft flying out of Kadena Air Force Base.Rescue teams are battling bad weather which has passed through the area in the last 24 hours or so, bringing showers, storms and sustained winds of 30 to 40 mph."The weather is definitely going to play a factor," said Hayes. "It's a full team effort between us and the Japanese defense force. And we're hoping to get our Marines back."The crash happened approximately 200 miles (321 kilometers) off the coast of Iwakuni, Japan, a US Marine Corps official told CNN.The planes "had launched from Marine Corps Air Station Iwakuni and were conducting regularly scheduled training when the mishap occurred," according to a statement from the US Marine Corps.Wednesday's incident comes on the same day that the Marines released a report on a crash in July 2017, also involving a KC-130 variant that killed 15 Marines and one sailor.That KC-130T crash took place in Leflore County, Mississippi, and the "investigation determined that the aircraft's propeller did not receive proper depot-level maintenance during its last overhaul ... in September 2011, which missed corrosion that may have contributed to the propeller blade" coming loose during the flight and going into the aircraft's fuselage, according to a Marine Corps statement on the investigation.The-CNN-Wire 2845

President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519

President Trump's trade war threat drove the Dow lower for the second straight day.The Dow fell as much as 391 points on Friday, but it recovered most of those losses and finished down 71. The Nasdaq and the S&P 500 both ended with modest gains after falling 1% earlier in the day.The sell-off began Thursday after Trump announced that his administration would impose a 25% tariff on steel imports and a 10% tariff on aluminum. Trump has not said whether some countries would be excluded from the tariffs.For the market, "this really could be something new and worse than we have seen so far," said Brad McMillan, chief investment officer at Commonwealth Financial Network.  691