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Judge denies bid for a stay of subpoena in Trump tax case

A judge has denied Trump's bid for a stay of subpoena in the Manhattan DA's tax record case. Yahoo Finance's Adam Shapiro discusses.

Video Transcript

ADAM SHAPIRO: If I look a little distracted, we have breaking news right now that everybody's going to want to pay attention to.

A federal judge has denied President Trump's bid for a stay of the subpoena in the Manhattan prosecuting attorney's efforts to obtain the tax records of President Trump. Now remember that yesterday a judge rejected President Trump's latest attempt to stop the Manhattan DA from getting those tax records. Well, today a federal judge has denied the president's bid to temporarily block the ruling that allowed the subpoena for his tax returns and other financial records to eventually be turned over in the grand-jury process.

We're going to have much more on this and, of course, the economic news when we come back.