EVENT, THE SPILLOVER EFFECT EVEN

AT COST IS VERY GOOD FOR

WHATEVER EVENT LOCALE YOU

CHOOSE.

AGAIN, THEY ARE ARGUING THIS IS

NOT A VIOLATION OF THE

EMOLUMENTS CLAUSE.

I BELIEVE THE JUDGE HAS A

DIFFERENT NOTION OF THAT.

>> IT'S NOT MY NOTION.

IT'S THE CONSTITUTION'S NOTION.

THE CONSTITUTION DOES NOT

ADDRESS PROFITS, IT ADDRESSES

ANY PRESENT, AS IN A GIFT, ANY

EMOLUMENT AS IN CASH OF ANY KIND

WHATEVER.

I'M QUOTING THE CLAUSE, FROM ANY

KING, PRINCE OR FOREIGN STATE.

SO IF THIS WERE A MEETING OF THE

GOVERNORS OF THE UNITED STATES,

THERE WOULD BE NO PROBLEM.

THE PURPOSE OF THE EMOLUMENTS

CLAUSE IS TO KEEP THE PRESIDENT

OF THE UNITED STATES OF AMERICA

FROM PROFITING OFF OF FOREIGN

MONEY, HERE WE GO AGAIN, NOT IN

THE CAMPAIGN BUT IN SOME EVENT

OR ENTITY THAT HE CONTROLS OR IS

RUNNING.

HE HAS BOUGHT HIMSELF AN

ENORMOUS HEADACHE NOW WITH THE

CHOICE OF THIS.

THIS IS ABOUT AS DIRECT AND

PROFOUND A VIOLATION OF THE

EMOLUMENTS CLAUSE AS ONE COULD

CREATE.

NEIL: DOING A LITTLE RESEARCH

HERE, FOR THE TRUMP BUSINESS,

I'M NOT SAYING THIS IS THE

PRESIDENT HIMSELF BUT EXTENDED

TO HIS FAMILY, THIS PARTICULAR

LOCALE IS THE BIGGEST MONEY

MAKER FOR THE TRUMP FAMILY.

I KNOW A LITTLE BIT HAVING

COVERED NUMEROUS G-7 EVENTS ALL

OVER THE WORLD OVER MY CAREER,

WHATEVER YOU MIGHT LOSE BECAUSE

THEY PROBABLY DO LOSE A LITTLE

BIT GIVEN THE FACT THAT NO ONE

ELSE CAN GO TO THESE VENUES WHEN

THE WORLD LEADERS ARE THERE, SO

IT'S IN LOCKDOWN, BUT AGAIN, THE

CARRYOVER, THE SPILLOVER OF

THAT, IF YOU GO TO SEA ISLAND

TODAY, THEY STILL HAVE THE FLAGS

OF THE COUNTRIES AND TREES THAT

WERE PLANTED.

IT'S A GREAT, YOU KNOW, DRAW TO

PEOPLE WHO VISIT, WOW, THIS IS

WHERE THE FOREIGN LEADERS, SO IT

HAS A SPILLOVER EFFECT.

>> MOST RESPECTFULLY, MR.

MULVANEY'S FOCUS ON PROFIT,

WHILE IT MAY MAKE SENSE IN THE

ECONOMIC WORLD, IS NOT WHAT THE

FRAMERS WERE CONCERNED ABOUT.

THEY WERE CONCERNED ABOUT A GIFT

OR CASH COMING DIRECTLY OR

INDIRECTLY TO THE PRESIDENT OF

THE UNITED STATES, EVEN IF IT'S

DONE AT A LOSS.

NOW, THE PRESIDENT OWNS SHARES

OF STOCK IN A CORPORATION THAT

IS ONE OF THE OWNERS OF THIS,

ALONG WITH MANY OTHER INVESTORS.

HE ALSO OWNS SHARES OF STOCK IN

THE CORPORATION THAT MANAGES IT.

SO THOSE CORPORATIONS WILL

RECEIVE A GREAT DEAL OF MONEY

FROM FOREIGN HEADS OF STATE

BECAUSE THIS IS THERE.

THAT'S EXACTLY, EXACTLY WHAT THE

EMOLUMENTS CLAUSE WAS WRITTEN TO

PROHIBIT.

NEIL: IT DOES LIFT THE STATUS OF

THE RESORT IN QUESTION.

MULVANEY WAS SAYING WE LOOKED AT

ALL FIVE, THIS IS THE ONLY ONE

WE COULD FIND.

I'M NOT A GOLFER.

I PLAY MINIATURE GOLF.

BUT THERE ARE TONS OF THEM

AROUND, EVERYWHERE.

NOW, I UNDERSTAND WITH THIS

PARTICULAR FACILITY, IT IS LARGE

ENOUGH TO ACCOMMODATE EVERYBODY,

THEY CAN ALL BE ON SITE, I THINK

THAT WAS THE SAME AT SEA ISLAND,

IT WAS CERTAINLY THAT WAY AT

CAMP DAVID IF ALL THE LEADERS

WANTED TO STAY IN THE

NEIGHBORHOOD, SO THERE'S AN

APPEAL FROM A SECURITY

PERSPECTIVE, BUT IF IT HAS THE

NAME TRUMP ON IT, I THINK YOU

WOULD BEND OVER BACKWARDS TO

AVOID THAT.

>> ONE WOULD THINK SO.

BUT YOU KNOW THE PRESIDENT.

HE LIKES A FIGHT AND HE JUST

PICKED ANOTHER ONE.

NEIL: WHERE DOES THIS GO?

>> I WOULD IMAGINE SOMEONE WILL

FILE ANOTHER LAWSUIT.

THERE'S TWO EMOLUMENTS CLAUSE

SALUTES GOING ON NOW, ONE IN

BALTIMORE, ONE IN WASHINGTON,

D.C.

THOSE ARE ACTIVE LIVE CASES.

EXPECT A THIRD ONE PROBABLY IN

THE FEDERAL DISTRICT COURT IN

SOUTHERN PART OF FLORIDA.

NEIL: ALL RIGHT.

JUST TO ADD A LITTLE BIT AS THE

JUDGE IS TALKING, A LITTLE FROM

THIS WEEKLY MIAMI AREA PAPER,

LOOKS AT BUSINESS IN THE MIAMI

AREA, AND IT HAS SAID REVENUE

HAD BEEN PLUMMETING AT THE

PROPERTY SINCE 2015.

NOW, A CONSULTANT FOR THE TRUMP

ORGANIZATION AND TAX OFFICIALS

COMMENTING ON THIS, IN LATE 2018

THE RESORT WAS QUOTE UNQUOTE,

SEVERELY UNDERPERFORMING WHEN

COMPARED TO COMPARABLE HOTEL

PROPERTIES IN SOUTH FLORIDA.

IT COULD BE THE NAME OR THE

BRAND TRUMP, THE CONTROVERSY

GENERATED WHEN HE FIRST

ANNOUNCED HE WAS RUNNING FOR

PRESIDENT.

IT'S NOT A REFLECTION TO

PRESIDENT HERE OR HIS BUSINESS

ACUMEN, JUST THE CONTROVERSY THE

NAME GENERATES.

AGAIN, TO AVOID ANY APPEARANCE

OF FAVORING ONE PROPERTY OVER

THE OTHER, THE ADMINISTRATION

HAS GONE HEAD-FIRST INTO WHAT

COULD BE A VERY CONTROVERSIAL

BACK-AND-FORTH AS TO WHETHER

THAT WOULD BE THE BEST LOCATION.