News Wrap: Judge orders Ivanka Trump to testify in father’s civil fraud trial

Amna Nawaz:

In the day's other headlines: A state judge in New York ordered Ivanka Trump to testify in her father's civil fraud trial.

Judge Arthur Engoron ruled she has relevant information whether former President Trump overstated his wealth to secure loans and deals. The judge also set November 6 for Mr. Trump to begin giving his own testimony.

FTX founder Sam Bankman-Fried denied today that he defrauded anyone with his cryptocurrency exchange. He began testifying in federal court in New York and acknowledged key mistakes before the company's collapse. Under oath, Bankman-Fried said — quote — "We thought we might be able to build the best product on the market. It turned out basically the opposite of that."

The devastated resort city of Acapulco, Mexico, was still largely cut off today in the aftermath of a powerful hurricane. People trudged through flooded streets today to find food and water. Stranded tourists were increasingly desperate and blamed a sluggish government response.

Paolo Ruiz Velasco, Mexico Tourist (through interpreter):

I went to the naval base because they said there was a shelter there, but the soldiers just stared at me like I was crazy. They gave us nothing. They told us to go steal from a store so we could have something.

Amna Nawaz:

The official death toll remained at 27, but hundreds of people were still looking for missing friends and relatives.

The fatigue of war was felt across Ukraine today, as hundreds of families demanded a cap on mandatory military service. Mothers, wives and children protested in Kyiv and other cities, pleading for soldiers to be sent home. They said service should be limited to 18 months, which was Ukraine's policy before the war.

Valeriia Koliada, Ukrainian Protester (through interpreter):

I'm here because my husband has been a volunteer since the beginning of the full-scale invasion, and I don't know when I could see him back at home. I live in constant fear for his life. It's nerve-racking for me.

Amna Nawaz:

In a related development, the new speaker of the U.S. House, Mike Johnson, said last night that the U.S. is — quote — "not going to abandon Ukraine." But he said House Republicans want aid for Israel to come first.

In other congressional news, Republican Representative George Santos pleaded not guilty to new fraud charges in New York. He left a federal courthouse on Long Island after a brief hearing this morning. Prosecutors say he used campaign donors' credit card numbers to make purchases without their approval.

President Biden has a new challenger for the Democratic presidential nomination. A three-term Minnesota congressman, Dean Phillips, announced his bid today in New Hampshire. He spoke at the Statehouse in Concord, and he said he's got good reasons for running.

Rep. Dean Phillips (D-MN), Presidential Candidate: I do so not in opposition to President Biden, who has my affection and my gratitude, rather, with two core convictions, that I am the Democratic candidate who can win.

(Applause)

Rep. Dean Phillips:

And, second, it is time for the torch to be passed to a new generation of American leaders right here all around the country and all around the world!

(Cheering and applause)

Amna Nawaz:

One other Democrat, author Marianne Williamson, is also in the race.

In economic news, a closely watched inflation gauge shows price hikes are still going strong. The Commerce Department reported today that prices rose four-tenths of a percent in September, the same as in August. That was fueled by consumer spending, which also increased four-tenths of a percent.

And on Wall Street, stocks finished out a rough week. The Dow Jones industrial average lost 366 points to close at 32417. The Nasdaq rose 47 points. The S&P 500 was down 20. For the week, all three indices were down 2 to 2.5 percent.