Good evening, New York City. We're wrapping up the day for you with the most important stories you need to know about for tonight and tomorrow, as well as your weather outlook.

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Today's Big Stories

1. New York City Mayor Eric Adams charged with bribery, fraud; arraignment set for Friday

Mayor Eric Adams was indicted Thursday on federal charges that he took illegal campaign contributions and bribes from foreign nationals, including lavish overseas trips, in exchange for favors that included helping Turkish officials bypass a fire safety inspection for a new diplomatic tower in the city.

Adams, a Democrat and former police captain, faces conspiracy, wire fraud and bribery charges in a five-count indictment outlining a decade-long trail of corruption that began when he served as an elected official in Brooklyn and continued through his mayoral administration.

Adams’ arraignment was scheduled for noon on Friday before Magistrate Judge Katharine Parker.

2. New York officials including Hochul, Jeffries react to Adams indictment

Reaction from lawmakers across the city and state — including Gov. Kathy Hochul, House Democratic leader Hakeem Jeffries and City Council Speaker Adrienne Adams — came swiftly after the charges against the mayor were unveiled.

Speaking to reporters at an unrelated press conference in Syracuse, Hochul described the unsealing of the indictment as "a very serious matter that is unfolding." Jeffries, meanwhile, said it was “a serious and sobering moment for New York City.” 

3. Giuliani disbarred in D.C. after pushing Trump's false 2020 election claims

Former New York City Mayor Rudy Giuliani was disbarred in Washington today, months after he lost his law license in New York for pursuing false claims that then-President Donald Trump made about his 2020 presidential election loss.

The brief ruling from Washington D.C.'s appeals court said Giuliani did not respond to an order to explain why he should not be disbarred in Washington after he lost his law license in New York last summer.

4. Appeals court seems open to altering Trump's civil fraud penalty

Some judges in a New York appeals court appeared receptive Thursday to possibly reversing or reducing a civil fraud judgment that stands to cost Donald Trump nearly $500 million.

One judge called the former president's penalty "troubling" and wondered if the state's policing of private business transactions amounted to "deterrence" or "mission creep."

5. Hoda Kotb says she is leaving NBC's 'Today' show early next year

Hoda Kotb, a fixture at NBC for more than two decades, says she will leave her morning perch on the "Today" early next year, telling staffers "it's time."

In a memo to her team and later on air, Kotb said her 60th birthday this summer helped trigger the departure. "I saw it all so clearly: my broadcast career has been beyond meaningful, a new decade of my life lies ahead, and now my daughters and my mom need and deserve a bigger slice of my time pie."

6. Wall Street climbs toward more records

U.S. stocks are rising toward more records today as financial markets around the world rally again.

The S&P 500 was 0.7% higher in early trading and on track to set an all-time high for the third time this week and the 42nd time this year. The Dow Jones Industrial Average was flirting with its own record and up 253 points, or 0.6%, as of 9:35 a.m. Eastern time. The Nasdaq composite was 1.1% higher.

7. U.S. economy grew at 3% rate last quarter, final estimate says

The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said today, leaving its previous estimate unchanged.

The Commerce Department reported that the nation's gross domestic product — the nation's total output of goods and services — picked up sharply in the second quarter from the tepid 1.6% annual rate in the first three months of the year.