Fani Willis Hangs Onto Trump Case, but More Turbulence Lies Ahead

After revelations of Fani T. Willis’s romance with a subordinate sent the Georgia criminal case against Donald J. Trump down a two-month detour worthy of a soap opera, a judge’s ruling on Friday resolved a major cliffhanger. Ms. Willis could continue prosecuting the case, so long as her ex-boyfriend withdrew from it.

But the resignation hours later of the former boyfriend, Nathan J. Wade, whom Ms. Willis hired as a special prosector, only settled so much. A fresh and complicated array of problems lies ahead for Ms. Willis, and for one of the most significant state criminal cases in American history.

“Her troubles are far from over,” Clark D. Cunningham, a law professor and ethics specialist at Georgia State University, said in an email on Friday.

The defense effort to disqualify Ms. Willis began in early January, upending the case and making it unlikely to reach trial before the November rematch between Mr. Trump and President Biden. Any attempts to appeal Friday’s ruling by Judge Scott McAfee of Fulton County Superior Court could delay matters even further.

Republicans have smelled blood. The G.O.P. lawmakers who dominate Georgia politics have created new ways to investigate Ms. Willis, which could potentially lead to her removal from office. And last week, a young lawyer named Courtney Kramer, a former intern in the Trump White House, announced that she would run against Ms. Willis in this year’s race for district attorney.

Ms. Kramer’s campaign, while unlikely to succeed in heavily Democratic Fulton County, could amplify criticism of Ms. Willis and the case, which charges Mr. Trump and some of his allies with conspiring to overturn his 2020 election loss in Georgia.

Mr. Trump has made Ms. Willis’s troubles a recurring talking point at rallies. One of his staunchest allies in Congress, Representative Jim Jordan, is chair of the House Judiciary committee, which has been investigating Ms. Willis and her prosecution of the former president. On Thursday, Mr. Jordan sent a letter to Ms. Willis threatening to invoke contempt of Congress proceedings against her if she did not turn over certain documents related to her office’s use of federal funds.

All of these attacks could help to sow doubts about the district attorney and her case in the minds of future jurors.

As the pressure has mounted, Ms. Willis has responded with fierce defiance. Soon after news of the relationship broke, she gave a speech at a Black church in Atlanta, calling herself “flawed, hardheaded and imperfect” but also suggesting that her critics were motivated by racism.

Just last week, at an International Women’s Day event, she lashed out against “idiots” who criticized her and mispronounced her name as “Fanny” — it’s FAH-nee — and recounted how a friend had recently asked if she regretted becoming district attorney.

“Are you kidding?” Ms. Willis recalled responding. “I’m the best D.A. this county’s ever had.”

Mr. Cunningham said that even after Friday’s ruling, Ms. Willis and her entire office could still be removed from the case if an appeal were to succeed, which would send it skidding into new realms of uncertainty and potential chaos. The judge, he noted, pointed to lingering questions about whether Ms. Willis and Mr. Wade “testified untruthfully,” even saying in his ruling that “an odor of mendacity remains.”

“Trump and his co-defendants will surely appeal,” Mr. Cunningham said in his email, “and Judge McAfee’s order gives plenty of basis for them to argue to the court of appeals that just removing Wade is an inadequate remedy.”

It is not clear how much Mr. Wade’s resignation sets back the case. Ms. Willis has described him as a longtime trusted ally. And as the manager of the Trump prosecution team since November 2021, he possesses a wealth of institutional knowledge that would have been particularly helpful if the case stretches out for months, or even years.

At the same time, there is no evidence that Mr. Wade, a lawyer and former municipal court judge from the Atlanta suburbs, ever handled a major political corruption case before Ms. Willis hired him. Indeed, his scant experience was a key argument in the original motion to disqualify Ms. Willis.

Ashleigh Merchant, the defense lawyer who filed the motion, claimed that Ms. Willis had hired an underqualified boyfriend, paid him handsomely from public coffers, and then benefited from vacations that she and Mr. Wade took together.

A more serious problem for Ms. Willis and the case may lie in the new state commission that has the power to investigate and remove elected prosecutors.

The commission, made up of Republican appointees, was created last year but was stymied by legal problems that the legislature addressed in a recent measure. It is likely to face a court challenge before it can begin its work.

A second group made up of mostly Republican state senators and dedicated to investigating Ms. Willis has already begun holding hearings. Its leader, Senator Bill Cowsert, has said that the group does not want to conduct a “witch hunt.” But it has the power to subpoena documents and witnesses, and it called Ms. Merchant as its first witness last week.

Before Ms. Merchant’s motion to disqualify Ms. Willis, the prosecution had secured pleas from four of the original 19 defendants in the sprawling racketeering case. Presumably, any talk of additional deals shut down as defendants waited to see whether Ms. Willis and her office would be thrown off the case. It is unclear whether the events of the last two months will make further plea talks less likely.

The best news for Ms. Willis on Friday was that Judge McAfee declined to force her off the Trump case. But she also scored smaller victories, as the judge declined to punish her for other actions. Among them was the speech she gave at the church.

Steven H. Sadow, the main lawyer for Mr. Trump in Georgia, had described the speech as “provocative and inflammatory extrajudicial racial comments” meant to “publicly denounce and rebuke the defendants.” He argued that they were troubling enough to disqualify Ms. Willis and her office and dismiss the indictment.

Judge McAfee declined to go that far, although he did call Ms. Willis’s statements “legally improper.” And he suggested that he was open to issuing a gag order that would block Ms. Willis from mentioning the case in public from now on.

But does keeping Ms. Willis quiet help or hurt the case as it drags on? Much like Mr. Trump, she does not shy away from the spotlight. And like Mr. Trump, her talkative, combative nature has won her enthusiastic fans.

In December, a few weeks before the relationship was brought to light, Ms. Willis drew applause and cheers as she spoke at an event in New York honoring her.

“A lot of folks mad,” she said, “But I’m still here.”

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彭博社報道,Nationwide首席策略師Mark Hackett表示,「隨著貿易緊張局勢緩和,投資者正重新聚焦基本面,但他們可能不會喜歡他們所看到的」,「市場在極短時間內從超賣迅速轉向超買。這將限制短期內上漲空間,除非我們看到經濟成長明顯加速」。 恒指今早高開3點,高位升70點,低位跌144點,高低波幅214點。上升股份比例為20.49%,下跌為33.48%,無升跌為46.01%。 恒指半日跌59點或0.25%,報23581點,大市成交金額1101億元;國指跌22點或0.26%,報8570點。恒生科技指數收報5348點,跌0.62%。 藍籌股成交金額478.57億元,佔大市成交43.46%;科指成份股成交金額299.47億元,佔大市成交27.19%;國指成份股成交金額427.1億元,佔大市成交38.79%。 24隻雙櫃台股,總成交0.47億元人民幣,相當於約0.51億港元,佔大市成交的0.05%。 窩輪及牛熊證成交金額減少28.33%,至130.74億元,佔大市成交11.86%。牛熊證成交金額52.37億元,減少46.23%;窩輪成交金額78.36億元,減少7.82%。 藍籌25隻升,56隻下跌,2隻無升跌。比亞迪(1211)升3.52%,收報429.2元,是升幅最大的藍籌,平保(2318)跌4.85%,收報47.1元,是跌幅最大的藍籌。 恒生科技指數成份股11隻升,18隻下跌,1隻無升跌。升幅最大的是騰訊音樂-SW(1698)創上市新高,見67.65元,收報66.95元,升8.86%;跌幅最大的是京東(9618)收報136.5元,跌3.6%。 恒指10天線(22950.2點)升穿50天線(22790.35點)。科指跌穿50天線(5367.75點)。 北水南下合計淨流入13.36億元,較上日減少80.08%,連續第3日流入,累計流入103.04億元,對上一次連續3日淨流入是4月15日。北水本月累計流出9.55億元。北水交易成交額(包括買入及賣出交易)432.96億元,較上日減57.14%,佔香港市場成交額由上日的22.66%減至19.65%。 大摩上調泡泡瑪特(9992)目標價 曾升逾3%創上市新高。創上市新高,見200.8元,收報199元,升2.74%。 匯控(0005)計劃裁減法國約10%員工。收報90.15元,跌0.72%。 花旗上調騰訊(0700)目標價 維持「買入」評級。騰訊首季多賺22%勝預期,指AI已對廣告及遊戲業務有實質貢獻。收報518.5元,跌0.48%。 中國4月新增貸款規模重挫逾六成。內銀股 建行(0939)收報6.94元,升0.58%。 農行(1288)創上市新高,見5.14元,收報5.09元,升0.59%。 工行(1398)收報5.64元,升0.18%。 郵儲行(1658)收報5.06元,無升跌。 交行(3328)創52周高,見7.27元,收報7.18元,跌0.28%。 招行(3968)收報49.35元,升0.1%。 中行(3988)收報4.68元,跌0.64%。 多間公司最快今日公布業績,績前表現如下,吉利(0175)創52周高,見19.66元,收報19.6元,升2.4%。 貝殼-W(2423)收報50.95元,跌4.14%。 中國黃金國際(2099)收報51.05元,跌1.73%。 正大企業國際(3839)收報1.62元,無升跌。 吉星新能源(3395)收報0.068元,無升跌。 LHN(1730)收報2.7元,無升跌。 敏華控股(1999)收報4.51元,升0.89%。 俄鋁(0486)收報4.15元,跌1.19%。 首程控股(0697)收報1.66元,跌3.49%。 南戈壁(1878)收報2.35元,跌1.67%。 中石化(0386)母公司出資12.32億港元增持3.02億股H股。收報4.09元,跌0.49%。 惠譽降萬科(2202)信貸評級一級至CCC+。萬科據報已償還年內唯一到期美元債,另獲大股東深鐵貸款最多15.5億人幣。收報5.51元,跌0.18%。 偉易達(0303):關稅下正加快中國以外生產,正與美國零售商討論分擔關稅成本。偉易達全年純利跌近6%末期息0.44美元, 擬分散生產地減關稅戰影響。收報52.3元,跌8.17%。 力寶(0226)系公司申報4844萬元增持金地商置至29.07%股權。收報0.46元,跌1.08%。 獅騰(2562)與江蘇蘇豪雲商達成策略合作。收報17.98元,跌1.96%。 時代中國(1233)清盤呈請聆訊延期至8月11日。收報0.225元,跌0.88%。 中國新消費(8275)擬在今年第三季在港開兩間「茶大椰」門店。收報0.185元,升0.54%。 破頂股表現 破頂股包括,騰訊音樂-SW(1698)創上市新高,見67.65元,收報66.95元,升8.86%;比亞迪(1211)創上市新高,見431.2元,收報429.2元,升3.52%;中國財險(2328)創上市新高,見15.44元,收報15.2元,跌0.65%;農行(1288)創上市新高,見5.14元,收報5.09元,升0.59%;比亞迪股份(1211)創上市新高,見431.2元,收報429.2元,升3.52%;農業銀行(1288)創上市新高,見5.14元,收報5.09元,升0.59%;晉景新能(1783)創上市新高,見9元,收報8.95元,升2.05%;巨子生物(2367)創上市新高,見85.35元,收報84.6元,升4%;聲通科技(2495)創上市新高,見525元,收報505元,升21.39%;卓越教育集團(3978)創上市新高,見5.94元,收報5.82元,升0.17%;中煙香港(6055)創上市新高,見35.75元,收報34.9元,升7.72%;榮利營造(9639)創上市新高,見1.25元,收報1.15元,跌4.96%;零跑汽車(9863)創上市新高,見67.45元,收報66.4元,升0.91%;泡泡瑪特(9992)創上市新高,見200.8元,收報199元,升2.74%;比亞迪股份-R(81211)創上市新高,見397.6元,收報396元,升3.77%;A中金港元(3071)創上市新高,見1120.45元,收報1120.45元,升0.09%;A南方美元(3096)創上市新高,見921.15元,收報921.05元,升0.1%;A博時港元(3152)創上市新高,見1097.05元,收報1097元,升0.01%;富邦滬深港高股息(3190)創上市新高,見14.2元,收報14.12元,跌0.21%;吉利(0175)創52周高,見19.66元,收報19.6元,升2.4%;中移動(0941)創52周高,見85.6元,收報85.4元,升0.47%;交行(3328)創52周高,見7.27元,收報7.18元,跌0.28%;四川成渝高速公路(0107)創52周高,見4.41元,收報4.36元,無升跌;吉利汽車(0175)創52周高,見19.66元,收報19.6元,升2.4%;利基控股(0240)創52周高,見1.16元,收報1.16元,升0.87%;北京控股(0392)創52周高,見32.7元,收報32.4元,跌0.31%;中國食品(0506)創52周高,見3.35元,收報3.24元,跌0.61%。 破頂指數成份股包括,騰訊音樂-SW(1698)創上市新高,見67.65元,收報66.95元,升8.86%;比亞迪(1211)創上市新高,見431.2元,收報429.2元,升3.52%;中國財險(2328)創上市新高,見15.44元,收報15.2元,跌0.65%;農行(1288)創上市新高,見5.14元,收報5.09元,升0.59%;吉利(0175)創52周高,見19.66元,收報19.6元,升2.4%;中移動(0941)創52周高,見85.6元,收報85.4元,升0.47%;交行(3328)創52周高,見7.27元,收報7.18元,跌0.28%。 破底股方面 8隻股份創上市新低,包括暢由聯盟(1039)低見0.045元,收報0.045元,跌10%;聯洋智能控股(1561)低見0.041元,收報0.041元,跌2.38%;中國金屬利用(1636)低見0.25元,收報0.26元,跌7.14%;譽燊豐控股(2132)低見0.084元,收報0.085元,跌1.16%;遠洋集團(3377)低見0.131元,收報0.133元,跌1.48%;易緯集團(3893)低見0.092元,收報0.105元,升5%;FI二華夏納一百(7522)低見0.688元,收報0.69元,跌0.58%;FI二南方納指(7568)低見4.514元,收報4.526元,跌0.75%。 18隻股份創52周低,其中十隻包括,天大藥業(0455)低見0.13元,收報0.138元,跌18.82%;港灣數字(0913)低見0.17元,收報0.17元,跌2.3%;MAYER HOLDINGS(1116)低見0.26元,收報0.265元,跌8.62%;中國創新投資(1217)低見0.01元,收報0.01元,無升跌;智中國際(6063)低見0.141元,收報0.155元,跌3.13%;財華社集團(8317)低見0.061元,收報0.062元,跌10.14%;利駿集團香港(8360)低見0.48元,收報0.49元,無升跌。 異動股 上升異動股,包括,優矩控股(1948)收報2.5元,升30.89%;萬星控股(8093)收報0.073元,升30.36%;中國碳中和(1372)創52周高,見1.04元,收報1元,升29.87%;建德國際控股(0865)創52周高,見0.04元,收報0.036元,升28.57%;樂華娛樂(2306)創52周高,見1.96元,收報1.9元,升25.83%;大中華控股(0021)收報0.159元,升25.2%;新都酒店(8315)收報0.179元,升22.6%;華和控股(9938)收報0.105元,升22.09%;大人國際(1957)收報0.305元,升22%;聲通科技(2495)創上市新高,見525元,收報505元,升21.39%;微盟集團(2013)收報2.06元,升20.47%。 下跌異動股,包括,海王英特龍(8329)收報0.19元,跌45.71%;時富投資(1049)收報0.73元,跌36.52%;中國置業(0736)收報0.1元,跌33.33%;麥迪森控股(8057)收報0.103元,跌23.7%;天大藥業(0455)見52周低0.13元,收報0.138元,跌18.82%;高雅光學(0907)收報0.2元,跌17.01%;慕詩國際(0130)收報0.13元,跌16.67%;精技集團(3302)收報0.105元,跌16%;傲迪瑪汽車(8418)收報0.46元,跌14.81%;中國唐商(0674)收報0.112元,跌13.85%。   其他報道 滬深三大指數半日向下 滬指失守3400點

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