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President Trump Announces Memorandum of Understand to End Military Conflict to be Signed by U.S. and Iran; President Trump's Name Removed from Kennedy Center Pursuant to Federal Judge's Orders; Team USA Beats Paraguay in Their First World Cup Game; New York Knicks to Play San Antonio Spurs for Game Five of NBA Finals; White House to Host UFC Event on President Trump's Birthday; Elon Musk Becomes World's First Trillionaire after His Company SpaceX's Initial Public Offering. Aired 2-3p ET

Aired June 13, 2026 - 14:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

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[14:00:39]

ERICA HILL, CNN ANCHOR: President Trump saying just moments ago a peace agreement with Iran is scheduled to be signed tomorrow. How Tehran is reacting.

Plus, off the wall. Just six months after adding his name to the Kennedy Center, the words, the name "Donald J. Trump" being scraped off the side of that building. We'll explain.

And with bated breath, Knicks fans hoping for glory here in game five of the NBA finals tonight. Will the Spurs spoil it, though, on their home turf?

UNIDENTIFIED MALE: This is CNN breaking news.

HILL: And hello from New York. Good to have you with us this hour. I'm Erica Hill in for Fredricka Whitfield.

We do begin with the breaking news. President Trump saying just a short time ago an agreement with Iran is scheduled to be signed tomorrow. In a social media post writing, quote, "Immediately after it is signed, the Hormuz Strait is open to all." Trump went on to say no money would exchange hands for this agreement, and also warned that if the agreement falls through, the U.S. has, quote, "the ultimate alternative."

Now, a diplomatic source had previously told CNN a memorandum of understanding here begins with a 60-day ceasefire and also with Iran lifting, opening the Strait of Hormuz and with the U.S. lifting its blockade of Iranian ports. Iran's powerful Revolutionary Guard, however, is now denying that Tehran will sign any agreement tomorrow, going on to criticize what they called Trump's, quote, "unusual insistence on signing a document on that specific day."

We have full coverage of these developments. CNNs Oren Liebermann is in Jerusalem. CNN's Julia Benbrook is at the White House. Julia, let's start with you here, because we just heard there from the president in that post, also offering some more specifics than we have heard from him up until this point. Walk us through what we know about what is in this memorandum of understanding, essentially an agreement to work towards a deal.

JULIA BENBROOK, CNN CORRESPONDENT: Right. And as you mentioned, President Donald Trump says that he believes that this agreement will be signed tomorrow. I do want to pull up that post for you again. This came just about an hour ago. And in it, Trump said in part, the deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is open to all. He also said that no money will change hands, adding, quote, "at the appropriate time when all is calm, we will go in and get the nuclear dust buried deep under the powerful sunken granite mountains thanks to our beautiful B-2 bombers and their brilliant pilots, and down blend and destroy it, whether in Iran or in the United States."

Now, that came just a few hours after Pakistan, a key mediator in all of this, had said that they believe that a deal was close and that they expected something could be signed within 24 hours. It is important to note that throughout this whole process, both Pakistan and the United States have at several times presented a very optimistic look about these next steps. And as you pointed out, Iran has not confirmed that this will be signed on Sunday. They have not, though, ruled out that it could be signed in the coming days.

Now, according to a Trump administration official, this memorandum of understanding that is being negotiated, if signed, it would allow for 60 more days to work through some of the key details, including the dismantling of Iran's nuclear capabilities, which would include the highly enriched uranium, the nuclear dust that he mentioned there, but that it would outline that those things would be taken care of. Then that next part of the negotiations would be to discuss exactly how those things would be carried out.

Now, Trump is expected to leave on Monday for the G7 summit. That will be after the UFC fights taking place on the South Lawn. You may be able to hear some of that music now, that celebration, which will be happening on his 80th birthday, is already kind of getting started ahead of tomorrow's festivities. But then he'll turn around Monday morning, he'll head to the G7 summit. And a senior administration official tells us that there will be some time with Middle Eastern leaders during those talks.

HILL: All right, Julia, appreciate it.

I want to bring in Oren now. So, Oren, when it comes to what we're hearing from the president, he's obviously displaying a lot of optimism in this moment as there are questions about when and where this could happen.

[14:05:03]

There's also questions about where Israel figures into this. You know, President Trump famously saying Israel will have to agree to any deal that the U.S. makes with Iran. OREN LIEBERMANN, CNN PENTAGON CORRESPONDENT: It's not just President

Donald Trump who is expressing that optimism. Pakistan as well, indicating that the deal itself, the memorandum of understanding that will trigger 60 days of negotiations towards a final deal, will also be signed tomorrow.

But that's very different than what we're hearing from Iran. Iran's Islamic Revolutionary Guard Corps put out a statement saying it will definitely not happen tomorrow and that there are still negotiations ongoing on the memorandum of understanding. They also decried what they called an unusual insistence from Trump on signing it tomorrow.

Meanwhile, Iran's foreign ministry spokesperson also said it won't be signed tomorrow, although acknowledged it could be in the coming days. There's also been conflicting reports on where it will be signed, some suggesting it could be in Geneva or with Trump in Europe for the G7, whereas it looks far more likely that this will in fact be signed virtually. And that's how these negotiations towards a final agreement will be signed.

And then, of course, there's the disagreements over what exactly is in it. At least both sides agree it triggers 60 days of negotiations and relates to the Strait of Hormuz. But Trump has also said it includes limitations on ballistic missiles and support for Iran's proxies, as well as the removal of highly enriched uranium. Meanwhile, Iran has given a very different message, saying it doesn't touch missiles or proxies. It relates strictly and specifically to the Strait of Hormuz.

Iran also said, according to a senior advisor to the supreme leader there in Iranian semiofficial state media, that the agreement triggers the release of Iranian frozen assets and that Trump won't admit this because of his own politics and because effectively it's embarrassing to him. Iran has reportedly demanded the release of $24 billion in frozen assets, half of which would be released, they say, according to state media, at the beginning, or right upon the signing of this agreement, and half of which would come later.

So we have different narratives over what's included here, over when it could be signed, and over how this plays out. And all of that just makes this much more difficult. Of course, either side, especially Trump here, could release the memorandum of understanding so we see the actual text, but that simply hasn't happened at this point, Erica.

HILL: Yes, that it hasn't, although we all keep hoping that it might. Oren, Julia, appreciate the reporting from you both. Thank you.

Also with us this hour, CNN national security analyst Alex Plitsas, who, of course, is also the director of the Counterterrorism Project at the Atlantic Council. So, Alex, I mean, really picking up where Oren left off there, the reality is they haven't released the text. So we don't know exactly what is in it. But I know you have a lot of people who you talk to all the time, and so you have a good sense of what is happening, not only in terms of what's in that MOU, but also what the discussions are behind the scenes. Put this in perspective for us. What would this change if this gets signed? How does that effectively start to move forward toward a deal? ALEX PLITSAS, CNN NATIONAL SECURITY ANALYST: So from what I've been

hearing over the last couple of weeks, most of the substance of the agreement has largely been agreed to by both parties in terms of the U.S. and Iran at a high level at least. And the issue was really over the sequencing of the events, with the Iranians demanding money up front, as Oren had just, you know, correctly characterized.

But there was a substantive breakthrough in the last iteration that came back through the Qataris the other day. The Qataris were actually there on the ground in Tehran helping to mediate. And as I spoke to one of the regional mediators who said, look, you know, we put diplomats on the ground who literally put their lives on the line. We wouldn't have done that if we didn't think we were close.

So speaking to regional media, speaking to the Pakistanis, U.S. officials at the State Department, the White House, the Pentagon, and also speaking the Iranian backchannel, it all seems that we are headed towards a signature. But as has been playing out, there's different semiofficial news agencies in Iran, and the one that's affiliated with the Republican Guard Corps, or the Islamic Republican Guard Corps, the IRGC, is the one that's been pushing back against this. And we know for a fact for months that the IRGC has been looking to scuttle these negotiations and undermine the civilian government in Iran. That's the 10 percent of the military that reports to the supreme leader that's really hardcore and hardline that U.S. intelligence was worried would take over after the war if the entire government was really deposed. So they still remain partially opposed to the deal. There's still some finalization in the background.

And I'll just quickly try to finish on this point, because you asked specifically, it seems as though that the deep buried nuclear material that we couldn't destroy with the bunker busting bombs, the deep penetrators, is going to come back and it's going to be destroyed. There'll be some sort of moratorium on the enrichment. I think it was a 10 to 20 year original negotiation. U.S. wanted a complete ban, maybe landing somewhere around 15. And then I was told by a Pentagon, a senior Pentagon official yesterday, it is going to be much wider in scope than the JCPOA, the original nuclear deal, and the condition that it is absolutely performance based is what he kept emphasizing while speaking to me, that the Iranians are going to have to demonstrate commitment to actually giving things up before they get anything.

And the White House has not negotiated publicly because they've been worried about undermining the deal. They've learned over the last few months that that's been proven to be a bad tactic. That's why we haven't seen a release of the document.

HILL: So I think that is fascinating, that point that the White House is acknowledging that negotiating in public, specifically when it comes to this nuclear issue, is not serving them well.

[14:10:04]

What's fascinating, though, is if this is, in fact, going to be stronger than the JCPOA, the people who have not really been involved in the negotiations from the U.S. side are those who are well versed and experienced when it comes to these nuclear negotiations. And that, of course, was a sticking point for Iran early on, complaining about the lack of experience on the U.S. side. If we, in fact, move into this 60-day period of negotiations, is that enough time to get that technical experience in there and actually get a deal done that is better than JCPOA?

PLITSAS: Well, that's certainly the question, because the first agreement that you just referenced was 175 pages and took like 18 months to negotiate, or something along those lines. And in the region right before the war broke out, speaking to some of the mediators, that was the complaint I got from the Iranians. They're used to the Rob Malley, very technical discussions in Geneva over the nuclear program, and they were politely told by the mediators in the region, the president in this case, it's a different administration. He values trust and loyalty. The people around him, including Steve Witkoff, are not as detailed in depth on the technical side, but they have his trust.

And this is very similar to Gaza, where we saw a phase one deal and then a lot of the details and difficult stuff sort of pushed to a phase two, which we still haven't seen completed in Gaza. So at a high level, there seems to be an understanding that they're going to get rid of the nuclear material that's highly enriched, the moratorium on enrichment. But the specifics behind that is what would be negotiated after the 60-day -- during that 60-day period.

But I think the president was wary of, you know, the Iranian request. They want money up front. Well, if we just give you $12 billion in unfrozen funds to return the Strait of Hormuz to pre-war conditions, that effectively looks like a bribe at a political level, which doesn't work. So we need more substantive give. And that's really what the negotiation has been going on behind closed doors over the last couple of weeks to get this across the line.

HILL: This 60-day initial cease fire is said to include all sides, which then, of course, would include Israels fight with Hezbollah in Lebanon. Is it clear at this point where Israel stands in all of this and the impact that that could have on getting this across the finish line?

PLITSAS: So if left to the political establishment in Israel, there would be a push for regime change in Iran, but there's no appetite for that politically or the military side in the U.S. And the IDF, from those that I've spoken to as well, think that there's been substantive damage done to Iran to the extent that that we're OK from a security perspective. But it would take hundreds of thousands of troops and ground troops inside of Iran to do that. It's just not realistic. You can't do regime change from the air.

So short of that, the other major concern for the Israelis is their own security. And quite frankly, they've got a designated terrorist group on their border that continues to launch rockets and missiles, et cetera, into Israel and poses a threat. And one percent of the Israeli population has been displaced in northern Israel as a result of that since October 7th. And Hezbollah has refused to disarm. They've refused efforts by the Lebanese government. They said they wouldn't abide by an agreement between the Lebanese government and the Israeli government being brokered by the U.S. And so it put Israel in a difficult position.

So originally, they sought to have Lebanon excluded from this agreement. It said that it is likely to be included overall for a cessation of hostilities, but with the distinct understanding that if Hezbollah violates this and they attack Israel, that they will have the right to strike back and defend themselves. So I think this is actually one of the greatest risk points in here, is we have a non- state actor that effectively, it's a designated terrorist group. And what -- Iran has said that we don't have proxies in the region, yet they're seeking to have them included in this deal, because the war in Lebanon that's going on now, Israel isn't attacking the Lebanese government or the Lebanese armed forces. They're going after Hezbollah. So Iran is basically giving a tacit admission that is a part of their security apparatus and part of their projection of power. So that's a risk point going forward.

HILL: Yes. Alex, always appreciate the insight. Thank you.

PLITSAS: Thank you.

HILL: Still ahead here, fans already gathering for fight night at the White House. We'll take you inside that arena where major events are about to kick off.

Plus, we're keeping a close watch on the severe storms just ripping across the central part of the country. We'll take a look at where the threat is headed next.

And the world's first trillionaire, Elon Musk's wealth hitting the stratosphere following the largest IPO in history.

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[14:18:43]

HILL: Team USA off to a dazzling start for the 2026 World Cup. The U.S. men's soccer team dominating it's World Cup debut on Friday night in Los Angeles, a decisive four-one win over Paraguay on home soil. The Americans getting on the scoreboard first with an early goal in just the seventh minute, thanks to a little help, actually, from Paraguay. And then, really, they just never looked back.

From there, the U.S. team continued to pour it on, building that three goal lead going into half time. By the time the clock ran out, the U.S. had that historic four-one victory. The four goals the most ever scored by a U.S. team in a World Cup match, and already more goals than the U.S. team scored in the entire tournament four years ago.

Team USA plays its next match against Australia, that is Friday in Seattle. Still ahead here this hour, we've got a live report from CNN's Coy Wire on the U.S. teams big win in Los Angeles and much more World Cup to come for you. But it's not just about the World Cup, of course, this weekend.

There's a little basketball game that's kind of important for a lot of people. Knicks in five. The New York Knicks are just one win away from their first NBA title in 53 years. They, of course, are taking on the San Antonio spurs, game five of the Finals, and it's at home for San Antonio. The Knicks riding high still after that stunning, historic 29-point comeback to win game four. But as I noted, tonight's game is in Texas, which means the watch parties are what's going to be happening here for folks in the city.

[14:20:06]

CNN correspondent Gloria Pazmino is live from outside Madison Square Garden. I have to say, I was talking to somebody earlier. We were talking about, you can already feel the energy just amping up ahead of the game here in New York city.

GLORIA PAZMINO, CNN CORRESPONDENT: Absolutely correct, Erica. It is electric here. It is chaotic. It is very hot. And I'm telling you, you know, this is easily one of the most congested intersections in New York City on any given day. Right now, it is pandemonium. I've never seen it like this. I grew up here. And now that we have this convergence of events, we are seeing so many people flood into this area.

And of course, you know, we're all looking forward to the Knicks game today. They're playing in San Antonio. But there are several watch parties that are happening across the city and here at MSG.

But also today, the first game of the World Cup taking place in New Jersey. We're standing right on top of Penn Station. If you have a ticket to the World Cup, this is where you need to come.

And also tonight, a sold-out concert happening inside Madison Square Garden scheduled for 8:00 tonight. Those fans are already lining up to try to get into the Garden.

Now, in the next few hours, the NYPD is going to roll out a very expansive security protocol here in the area. Several streets are going to shut down to traffic, and you're not going to be able to get into this area unless you're going to the concert, unless you have a ticket to the watch party, or unless you have tickets to the World Cup.

I want to show you just a little bit. If we take a walk here, this is the area where World Cup ticket holders are having to come into to get into Penn Station. So you could see the fans of Brazil and Morocco who have tickets to this game have to go through this area and then they can get into Penn Station. You can see that there's a lot of people who are trying to get around. There's some confusion about where to go, but a lot of excitement.

And of course, a big pressure on the local police department. We have seen that some of the watch parties in the past few weeks have gotten out of control in the last few days, and they're trying to make sure that they can deal with the crowds. Now, I also want to get to just a bit of controversy that we are

seeing ahead of tonight's game. And that is, of course, the fact that the Knicks are playing in San Antonio and Ticketmaster is showing fans this disclaimer on their website if they're trying to get to San Antonio and buy tickets to see tonight's game. Ticketmaster has put in place a policy that only allows local residents to purchase tickets. That's creating a lot of controversy. And you could just, you know, it's a part of how competitive and how much emotion is behind this game. The Knicks have a chance to clinch it tonight and bring home a championship for the first time in 53 years.

So the energy here is already electric. But Erica, I think it's going to get even more exciting, more electric in the next few hours.

HILL: Yes. I feel pretty confident in that, in that feeling that you have, Gloria. Absolutely. Good luck. Hopefully nobody else tries to hijack your live shot as we just saw there. Way to roll with it, my friend. We will continue to check in with you, Gloria. Thanks.

So you've got all the sporting events, right, happening there. We were talking about we're not done though, when it comes to sports this weekend. Of course, in Washington, D.C., you've got fight night at the White House for also President Trump's 80th birthday. That's on Sunday. But a lot is already happening in the nation's capital today ahead of that, events today. President Trump, of course, hosting this unprecedented UFC show on the South Lawn tomorrow evening.

As for what is on deck today, a lot more there in terms of those activities. And there are also some legal fights as well. A federal judge now rejecting a request that would have blocked Trump from using the White House grounds for the fight, allowing that to continue as planned.

CNN's Brian Todd covering all of these developments for us. He joins us from near the White House, where the UFC fans, Brian, are already gathering. There are some events today. What's everybody talking about? I mean, what is their level of excitement that they are -- you're seeing ahead of ahead of the activities there?

BRIAN TODD, CNN CORRESPONDENT: Well, Erica, just so much buzz around these events. You mentioned, it's a great sports weekend with the World Cup, with the Knicks-Spurs tonight, and these events today.

This is the venue where the UFC event is going to be taking place tomorrow. The fight is going to be on the South Lawn just over here to my left, to your right. And the fan experience, the 125,000 or so fans who are going to be on the Ellipse, they're going to be right over there. They have to get past these checkpoints first, but once they do, they're going to be gathering on the Ellipse right over there.

[14:25:05]

We're going to be able to go live from there a little bit later today during the fan fest, which starts about an hour and 15 minutes from now. Fans have been already flocking to the fan fest. They're coming down here on Pennsylvania Avenue, but it is a tight security perimeter. Once you come down Pennsylvania Avenue, people are being steered over here down, down 15th Street here, then down Pennsylvania Avenue about three more blocks. And then they've got to go three more blocks around just to get in over here on Constitution Avenue for the UFC fan fest event. That's how tight security is here.

Again, I mentioned about 125,000 people expected to be on the Ellipse tomorrow for the fights, in addition to about 4,000 people in the octagon in the arena itself. That's according to court documents related to a lawsuit attached to this event. But today, thousands of people are just going to come for the fan fest where they're going to have exhibitions, meet-and-greets, live performances, and other events. Thousands of people already showing up for that. Those are the people I just showed you again, going down here and being steered blocks around to get into the event.

We talked to two people who came along from a long way away, Tyler Wood and Jacob Lyon. Tyler came from Toronto, Ontario. Jacob drove about eight hours from upstate New York. Here's what they had to say about the drive and about the excitement of being here.

(BEGIN VIDEO CLIP)

TYLER WOOD, TRAVELED FROM TORONTO: I've been a UFC fan for about 10, 12 years. I've never been to an event. So to be able to come watch it at the White House is, like I said, a dream come true.

JACOB LYON, TRAVELED FROM UTICA, NEW YORK: I think that it's going to be probably the best UFC watch party of all time. I mean, obviously, I would die to be on that lawn. I mean, I do just about anything to actually be in the arena.

But I think that 100,000 people I'm hoping to get up front. I mean, we're headed there right now actually, trying to go get in line. It doesn't open for a couple more hours. But the meet-and-greet, the concert tonight, there's going to be like, Alexander Volkanovski is doing some live cooking or something I've heard. So I think it's going to be awesome. I think it's going to be truly a once in a lifetime experience.

(END VIDEO CLIP)

TODD: Now for Jacob and his high school buddy, not only is it their first UFC fight that they're seeing in person, it's their first time in any major American city. So they said it was a real eye-opener, walking around the streets here in D.C., and again, dealing with the security apparatus here.

Erica, I've covered a lot of events like this. This is kind of like no other event. You've got really widening layers of security. Secret Service and the park police are handling security inside the Ellipse. The Secret Service is screening all the thousands of people coming in here. But then the D.C. metropolitan police handling everything outside the Ellipse. But again, the pedestrian experience in just walking around these streets and being herded into a specific place just to get in, very challenging for the people who have tickets. HILL: Yes, given the extent of the events you have covered in D.C.

over the course of your career, Brian, that is really saying something when you put it in that perspective in terms of just how different it is for what we're seeing this weekend. Appreciate it. Thank you.

Still to come here, we are going to check in with you a live look at the Kennedy Center where President Trump's name, of course, was ordered to be removed from the building. New details on the court order leading to that reversal next.

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[14:32:33]

HILL: The Kennedy Center says it has now fully removed President Trump's name from its building following a court order. A judge had given the center until noon today to remove the president's name after the organization missed that Friday night deadline of midnight. A panel of judges had ruled against the last-minute efforts to stop the removal. So then overnight, tarps went up on the scaffolding in front of the building that blocked the view of the workers who were removing the president's name.

CNN's Camila DeChalus joining us now from the Kennedy Center. And there were some weather issues, as I understand it, as well last night. But at this point, the name is gone?

CAMILA DECHALUS, CNN WHITE HOUSE REPORTER: That's right, Erica. It's now two hours after the deadline that a federal judge gave the Trump administration to remove President Trump's name from the Kennedy Center building. Now, at this time, we are told through court documents that the Trump administration sent in to the court that they have officially removed his name. But at this time, there's still a tarp in front of the building, so you can't really see the removal of his name.

Now, I've spoken to several bystanders and visitors that have come to the Kennedy Center waiting for this tarp to come down. Some have came here as early as 6:00 a.m. Others have stayed here since 10:00 p.m. last night, just trying to see the tarp going down. And for some, they say that this really represents hope, while others say this also represents a federal judge trying to restore checks and balances to the U.S. government. But they said that it was really significant for them to come out today and see this tarp come down and really see his name being removed from this Kennedy Center, because for them, they say that the Trump administration was not supposed to do this because they did not seek congressional approval first. But at this point in time, it's really unclear when this tarp is going to come down from this building.

HILL: And, Camila, I apologize for putting you on the spot, but the tarp was put up just so that people could not see the removal in process?

DECHALUS: I mean, at this point, it's very unclear, but we do know we've been out here for hours now. We have not seen any construction workers come. And so there's really no clear timing on when this tarp is going to come down. But what we do know is that there's a lot of people standing here in anticipation, waiting for that moment to come.

HILL: Yes. All right, Camila, really appreciate it. Thank you.

Still ahead here for us, Team USA entering the World Cup with a pitch perfect start to the tournament, and we've got a little reaction to that fantastic win.

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[14:39:38]

HILL: Team USA kicking off its World Cup run on home soil last night in Los Angeles. And it really could not have gone any better. The U.S. winning four-one over Paraguay. CNN Sports anchor Coy Wire joining us now from California with all those highlights and a look at the team's next match. I mean, talk about a debut, way to remind people who you are.

[14:40:00]

COY WIRE, CNN SPORTS ANCHOR AND CORRESPONDENT: Absolutely, Erica. The atmosphere was electric. The energy felt like a super bowl after three espressos, maybe other cold beverages. Sell-out crowd, more than 70,000 fans, and they knew the assignment. They were all the way loud.

Now the celebrity spotting almost as entertaining as the match. Tom cruise is there. David Beckham, Katy Perry, Halle Berry, Kareem Abdul- Jabbar. I could go on and on. All to see Christian Pulisic take center stage, Captain America, as he's called, forced an own goal early, then threaded a ridiculous nutmeg like assist to Folarin Balogun. And Balogun, the man came in firing, a laser off the left foot at one point, a brace before halftime to make it three-nil, and a statement from the U.S.

Now Paraguay, they did score once, tried to make it ugly. The Americans, they just made it look beautiful. Scoring again through Gio Reyna. So four goals most ever by Americans in a World Cup game. Folarin Balogun says that this is something he has visualized. Listen.

(BEGIN VIDEO CLIP)

FOLARIN BALOGUN, SCORE TWICE IN OPENING WIN: I visualized my debut in the World Cup scoring. But yes, you know, the reality did surpass that with scoring two goals. And, you know, the second goal was a fantastic goal as well. So, you know, as I said, a very dreamy, dreamy night.

CHRISTIAN PULISIC, UNITED STATES FORWARD: Being in America, having this crowd around us, seeing the red, white, and blue, all the, all our red and white striped shirts in the crowd, it's awesome. I mean, hearing the "USA" chants, it's really pushing us forward. And so we just hope it continues like that. And I'm sure it will. We're just thankful for it.

(END VIDEO CLIP) WIRE: The U.S. played with swagger, Erice. Already more goals in this World Cup in one game than all four of their games in the last one combined. I'd say that's a pretty sweet start.

HILL: Yes, I think it is, a fine start indeed. It's so significant too. I mean, as you mentioned, that was the total goals that they had in the last World Cup. But for this team, for Team USA, it's critical winning this. But also, I mean, it's significant for the tournament itself, right, and helping to really build momentum here.

WIRE: It is. Yes, being the host nation, right. Americans have been showing up at World Cups for nearly a century. Best run was the quarterfinals 24 years ago. Fans have been wondering when this talented generation would truly arrive on the world's biggest stage.

Now, one game doesn't win a World Cup, but it can announce an arrival. And after the final whistle, fans weren't just celebrating the win, Erica. They were celebrating the way the Americans won. Confident, aggressive, entertaining. My team caught up with some of the fans as they poured out of the stadium after the game. Listen.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Amazing. In my 40 years of life, I've never seen the USA play this tactical, this amazing. It was spectacular.

UNIDENTIFIED MALE: Definitely puts a lot of belief in your heart that you think that we can do well. And just got to keep it going on to the next match. Get another dub, keep it going.

UNIDENTIFIED MALE: The world better not underestimate them.

UNIDENTIFIED MALE: Top of the group, top, top 16 for sure. Let's go for top eight.

UNIDENTIFIED MALE: I mean, the way they played just keeping the pressure on, I think we got this. Lets go USA.

(END VIDEO CLIP)

WIRE: All right, if the opening match was any indication, this team looks locked in, loaded with belief, and ready for whatever comes next. That just happens to be Australia in Seattle on Friday.

HILL: All right, so as we count down to that, there are so many matches. We have we have several weeks of excitement here. And Coy, I know you're on a mission to help perhaps those of us who still call the sport soccer to really lean in here, right? If you don't follow it regularly, walk us through what we need to know to sound like an expert. And I have a feeling as a big "Ted Lasso" fan, you're going to give me a little offsides help here, right?

WIRE: Oh, yes. Yes, we can cover that one too, Erica.

So if you're struggling with the soccer ball terminology, learning the language of the world's most popular sport, here's your crash course in soccer speak so we don't sound as silly. First up, it's not a field. OK? It's not a field. It's a pitch. Why? Well, just chalk it up, because soccer likes to make things sound fancier.

Now offside, as Erica mentioned, that's the rule that leaves millions of fans yelling at referees and millions more pretending they understand it. Think of it as soccer's version of cherry picking. No head starts towards the goal.

All right, a red card. That's the referee's way of saying congratulations, you are done for the day. You've committed egregious, unacceptable penalties and crimes against the game, and you don't deserve to play anymore. You're out of here.

Next up, nil. If you hear someone say the score is one-nil, don't panic. Nil is just soccer's fancy way of saying zero.

And finally, the nutmeg. That's when a player sends the ball through an opponent's legs. It's equal parts skill, embarrassment, and public humiliation for the defender. Pull off one in a World Cup, you'll probably be on the highlight reels. Have it happen to you, Erica, and your friends may never let you hear the end of it, so look out. Congratulations, everyone. You're now at least 37 percent more prepared for World Cup conversations through the 37 remaining days of the beautiful game.

HILL: Perfect. I am still firmly in the camp of people. I don't even pretend to know what offsides means. I'm just going to admit that I don't know it and move on.

[14:45:04]

Coy, appreciate you, my friend. Thank you.

WIRE: You got it.

HILL: All right, so it turns out you can now own a piece of SpaceX, although, perhaps not shockingly, that piece that you get certainly not going to make you as rich as it's CEO, whose net worth now has an unprecedented 13 digits. We have more details on the biggest market debut ever coming up.

(COMMERCIAL BREAK)

[14:50:37]

HILL: It is a Wall Street debut that is -- debut, rather, that is truly out of this world. SpaceX launching it's IPO Friday, the largest ever initial public offering. CNNs David Goldman has more now, breaking down this IPO for us in fascinating terms.

DAVID GOLDMAN, CNN BUSINESS SENIOR REPORTER: SpaceX had its IPO. It's a big deal. How do you know it's a big deal? Look at the size font that I'm using for this segment. It is enormous. It is almost as big as SpaceX. And it was a really significantly large IPO. It traded for a $135 a share. Now, at the end of the day, that went way up, and it raised $75 billion in its IPO. That is the largest ever by a factor of three. It valued the company at $1.7 trillion with a "t". That's one and seven, followed by 11 zeros. And it was the largest IPO ever. This is now a much larger number after it traded on the stock market.

And this is not some kind of new company that you usually see from an IPO. This is a mature company. Look at this. It's already making $18.7 billion in one year alone. That's last year. But look at this. It's up 33 percent over the past year. Unbelievable. You usually don't see this kind of growth from a mature company like this.

But -- there's always a but -- you have some big losses here. And the reason why you have $4.9 billion in losses in 2025 and $4.3 in the first quarter of 2026 is because of A.I. This is not just a space company. This is also Elon Musk's ambition to make an A.I. company. And that is a very, very expensive venture. Look, it's $12.7 billion in 2025 alone in A.I. spending, $7.7 billion in the first quarter.

What's going on here? Well, SpaceX really wants to put data centers into space. Imagine the expense of that. That's why it's raising all of this money in its IPO. Now, it's a good idea. You get free cooling. You get free electricity from the sun, and you've got the Starlink network to beam all that signal back down to earth.

But that is not where SpaceX's ambition ends. No, it wants to put colonies on Mars. It wants to put colonies on the moon. And if it does both of those things, then Elon Musk will make $1 trillion. Yes, I said another $1 trillion, because he has become the world's first trillionaire. Congratulations to Elon Musk. He is the first person to ever accomplish this feat.

And just from the IPO alone, he is now worth over $1 trillion. That is one, two, three, four, five, six, seven, eight, nine, ten -- I'm running out of room -- 11, 12 zeros after that. And he is worth much more at the end of the day. And he could be worth much, much, much more if SpaceX does all the things that he wants it to do.

Big IPO, big numbers. We'll see what happens to this company over the course of time. Back to you.

HILL: All right, David, thanks.

Just ahead here in the next hour on the CNN Newsroom, key U.S. surveillance powers have now lapsed after Congress missed the deadline to extend FISA. The new fears over intelligence blind spots.

Plus, Donald Trump's name now removed from the outside of the Kennedy Center. But will that change the level of interest the president has in terms of what happens inside the Kennedy Center?

Plus, the war with Iran may be coming to an end just as some of America's oil tanks are about to hit empty. We'll take a closer look at the impact on your summer gas prices.

(COMMERCIAL BREAK)

HILL: Television's hottest actors are on CNN. We have a new season of "Variety's Actors on Actors" for you, new episodes dropping daily, and a preview for you this hour of today's episode, Claire Danes and Richard Gadd.

ELIZABETH WAGMEISTER, CNN ENTERTAINMENT CORRESPONDENT: Hey, Erica, so good to see you.

So for the latest episode of "Actors on Actors," we have Claire Danes sitting down with Richard Gadd. Now, this may seem like an unlikely duo, and these two actors actually didn't know each other before "Actors on Actors," but they are both fans of each other's work, and that's why they wanted to sit down with one another.

In fact, Richard Gadd told Claire Danes that he grew up watching "Romeo and Juliet." We all remember that incredible film, and he told her about a time that he actually wrote an essay about her performance in school in "Romeo and Juliet." Take a look.

(BEGIN VIDEO CLIP)

RICHARD GADD, ACTOR: To get us to learn Shakespeare, we watched "Romeo and Juliet." And I remember writing an essay on "Romeo and Juliet." And particularly I always remember so clearly an amazing, amazing bit you do in that where you wake up and Romeo's dead, right. At that point, you do this amazing guttural sob. And I remember writing paragraphs about that sob --