UPDATE 1: Trump has "great respect for freedom of the press and all of that." He expresses admiration for the news outlets that refrained from reporting on the salacious dossier.
2: "We're going to have a very elegant day" on the inauguration, with lots of military bands.
3: "It's an asset if Putin likes Trump," because we need Russia's help fighting ISIS.
4. "Does anyone really believe that story? I'm also very much of a germaphobe, by the way."
5. He could run his company and serve as President at the same time and do great, but he doesn't want to do that.
6. Trump's lawyer explains the structure set up to separate Trump from his business "empire" ("hundreds of entities"). She stresses that this isn't legally required, but voluntarily. Trump is giving up all management authorities "for the duration" of his administration. The sons — Don and Eric — are given all power. Ivanka will have no further involvement with the organization. Trump's assets will be held in a trust. Many details about what will be in that Trust. Many liquid assets have been sold. Many deals canceled, losing millions. No foreign deals will be made during the administration. There will be an ethics adviser scrutinizing any domestic deals (from which Trump will be walled off).
7. Why not sell everything? Selling the brand "Trump" would create more dangers of exploiting the presidency. Ending the brand would be throwing away immense wealth. Other options are also dismissed as unrealistic.
8. The lawyer (Sheri Dillion) addresses the Emoluments Clause. First, the clause "has never been held to apply to fair value exchanges that have absolutely nothing to do with an officeholder." Paying for a hotel room isn't a gift, but an exchange of money for hotel accommodations. That's not an emolument. It doesn't require Trump to do something in his role as President. But Trump will go beyond what the Constitution requires and voluntarily donate all profit from foreign governments to the U.S. Treasury.
9. The lawyer ends by reminding us that the people elected Trump knowing of his business interests and perhaps favoring him because of them.
10. Trump is back at the lectern. Asked about Obamacare, he says the "easiest thing" would be to sit back and watch it implode, but that wouldn't be fair to the American people.
11. Mexico is going to pay for the wall. And it's going to be a wall, not a fence. The wall will go forward immediately, then the deal will be made, with Mexico reimbursing us.
12. I think he said he'd announce the Supreme Court pick on Monday. Soon anyway. He said he believes the Supreme Court was one of the reasons he was elected: People did not like what was going on with the Supreme Court.
13. Buzzfeed is "a failing pile of garbage." On the next question, the
14. There will be no "reset button." A "piece of plastic... guy looked at her like what is she doing?"
15. His last line, obviously planned, was that after 8 years he'll look at what Don and Eric have done with his companies and if they haven't done a good job he'll say: "You're fired."
16. Funny, I just blogged first thing this morning that "I'm not much of a live-blogger anymore" and then I live-blogged this.