The Federal Bureau of Investigation has a tape of President Donald Trump discussing payments to a former Playboy model, according to a report from the New York Times. The article published Friday morning indicates that the president's longtime lawyer, Michael Cohen, recorded a conversation with Trump two months before his 2016 election in which payments to a former Playboy model were discussed, the paper wrote, citing lawyers and others familiar with the matter. That former Playboy model was identified by the Times as Karen McDougal. The FBI seized the tape during a raid on Cohen's office. The report comes as adult-film star Stormy Daniels says she was paid by Trump's attorney to keep quiet about an alleged affair just prior to his election. Daniels legal name is Stephanie Clifford. Trump has publicly denied explicit knowledge of any payment to the film star. Stocks didn't react to the New York Times report. The Dow Jones Industrial Average DJIA, +1.33% and the S&P 500 index SPX, +1.59% retained slight gains. Investors have mostly ignored the White House drama to focus more on upbeat earnings and a strong economic backdrop. The payments have been a focus for some because they could constitute a violation of federal campaign-finance laws.