BOLDUAN: New, this morning, Rapper A$AP Rocky found guilty of assault by a Swedish court but he will not be facing jail time. CNN's Hadas Gold has the details on this. Hadas, what's the backstory here? What are you hearing about the court's decision?</s>HADAS GOLD, CNN BUSINESS REPORTER: Kate, this all stemmed from a fight June 30th in Stockholm. A$AP Rocky and two co-defendants were found guilty today of assault in a court in Sweden but they will not be facing any more jail time. So they're essentially free. A$AP Rocky already spent a few weeks in jail awaiting the trial. He was allowed to go home earlier this month. He will have to pay some damages to the victim as well as legal expenses. We are all talking about this case because of President Trump's involvement. He tweeted several times after being asked by Kanye West to get involved. He tried to pressure the Sweden prime minister to release A$AP Rocky. But Swedish officials did not seem to be deterred by President Trump's tweets and said that their investigation and their judicial system is completely independent from politics. The judge also told reporters today he did not let the president's tweets affect his judgment. A$AP Rocky's attorneys said they're disappointed in the verdict but there's no word on whether they will appeal. And, so far, we've not heard from President Trump.</s>BOLDUAN: We'll wait and see if that is coming. Hadas, thank you so much. I appreciate it. Coming up, warning signs flashing. The Dow tumbling. Look where it is at this moment. Is the U.S. economy facing a recession? What is setting off fears today? More on our breaking news, straight ahead.
Swedish Court Convicts A$AP Rocky of Assault But No Jail Time.