3 Things To Know Today

Vintage movie countdown, illustration

Photo: Science Photo Library RF

1 Trump Expects To Be Arrested Tomorrow

Former President Donald Trump claims he will be arrested tomorrow. In a post on his Truth Social platform early Saturday morning, he said “THE FAR & AWAY LEADING REPUBLICAN CANDIDATE & FORMER PRESIDENT OF THE UNITED STATES OF AMERICA, WILL BE ARRESTED ON TUESDAY OF NEXT WEEK. PROTEST, TAKE OUR NATION BACK!” Trump is being investigated for his alleged role in a hush money payment to adult film star Stormy Daniels ahead of the 2016 election. Meanwhile, Trump is accusing President Biden of trying to influence the Manhattan District Attorney's office. The former president made the claim yesterday Truth Social saying, "Biden wants to pretend he has nothing to do with the Manhattan D.A.'s assault on democracy when, in fact, he has stuffed the D.A.'s office with Department of Injustice people." He also accused Manhattan District Attorney Alvin Bragg of "taking his orders from D.C." Prosecutors have signaled a possible indictment, but the DA's office has not confirmed Trump's claim that he would be arrested in connection with the case on Tuesday.

2 LAUSD Files Legal Challenge To Stop Teachers, School Employees From Striking

Los Angeles Unified School District officials are making a last-ditch attempt to head off a three-day strike that would shut down campuses in the nation's second-largest school district. The LAUSD asked California state labor regulators Friday to issue an injunction to block the strike, which district leaders say is illegal. Sources told the "Los Angeles Times" they don't know if the state Public Employment Relations Board will act on the filing in time to keep thousands of support staff and teachers from going on strike tomorrow. The district's challenge cites what it calls the unusual legal basis and timing of the walkout that would happen before the typical step-by-step bargaining process has played out. If the strike goes through, United Teachers Los Angeles, which represents about 35,000 employees, and the Service Employees International Local 99 union, which represents nearly 30,000 cafeteria workers, bus drivers, custodians, and special education assistants will strike tomorrow through Thursday to protest what they call unfair practices by the school district.

3 UBS Buying Credit Suisse To Avoid Banking Meltdown

Swiss banking giant UBS is buying its troubled rival Credit Suisse for more than $3 billion, which is reportedly about 60% less than the bank is worth. A statement from the Swiss National Bank says the takeover will "secure financial stability" and protect the country's economy. Credit Suisse shareholders will receive the equivalent of 0.76 Swiss francs in UBS shares for stock that was worth 1.86 Swiss francs on Friday. UBS Chairman Colm Kelleher explained the move is "attractive" for its shareholders but stressed "this is an emergency rescue" of Credit Suisse. This comes after the bank was dealing with a series of losses in the last two weeks. Confidence collapsed in Credit Suisse last week after it acknowledged “material weakness” in its bookkeeping during the downfall of Silicon Valley Bank and Signature Bank in the United States.


Sponsored Content

Sponsored Content