Glenn Kirschner, a former federal prosecutor and current MSNBC analyst, said Thursday that President Donald Trump’s immediate reaction to Michael Cohen’s guilty plea Thursday indicates “the President knows that Michael Cohen just told the truth.”

Cohen Thursday morning pleaded guilty to lying to Congress about efforts to pursue a Trump property in Moscow in 2016, during Trump’s bid for the presidency.

Trump’s immediate reaction was to assert: “When I’m running for President, that doesn’t mean I’m not allowed to do business.”

“That is an important and very damaging statement to the President,” Kirschner said.

“The President told the American people all along I was doing no business with Russia,” he continued, adding later: “The President knows that Michael Cohen just told the truth about what the President was up to, so the President had to shift gears, again expose himself as having lied to the American people previously when he said he did no business with Russia.”