Good morning. Donald Trump is a convicted criminal. A jury in New York unanimously found him guilty on all 34 counts of falsifying business records in an attempt to cover up the alleged sexual encounter with Stormy Daniels that threatened his bid for the presidency in 2016. Trump is the first former president to be convicted of a crime, and he could yet be the first convicted felon to be elected president. This is a historic moment, and its reverberations have barely begun to be felt.
Today’s newsletter explains what it all means: the verdicts, the instant fundraising emails, and the consequences still to come. Here are the headlines.
