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Updated at 9:37 a.m. EDT

President Trump acknowledged on Thursday that his longtime attorney Michael Cohen had "represented" him in what he called the "crazy" deal in which Cohen paid $130,000 to buy the silence of a pornographic actress just before the 2016 election.

The presidents of North Korea and South Korea are scheduled to meet this Friday, in a prelude to a summit in the works between North Korea's Kim Jong Un and President Trump to talk about North Korea's nuclear program.

The summit between Kim and South Korean President Moon Jae-in will be the third time the countries' top leaders have met since the Korean War. Trump's meeting with Kim is expected to occur next month.

Ford Motor Co. reported a $1.7 billion profit for the first quarter of 2018, but the company says it's planning big changes — such as phasing out all cars except for the Mustang and a crossover vehicle in the North American market, so it can focus on SUVs and trucks.

"Given declining consumer demand and product profitability, the company will not invest in next generations of traditional Ford sedans for North America," Ford said.

Updated at 9:05 a.m. ET

Rear Adm. Ronny Jackson, President Trump's embattled nominee to lead the Department of Veterans Affairs, has withdrawn from consideration for the post amid allegations he had fostered a hostile work environment and behaved improperly while serving as the top doctor leading the White House medical unit.

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