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One World with Zain Asher

Iran President: $6 Billion in Frozen Assets will be Returned; Families Desperately Search for Loved Ones Amid Destruction; USA Set to Face Bosnia and Herzegovina in Round of 32; Trump Made Billions in his First Year Back in Office; Source: 1,000 People to Attend Couple's Big Day; Nike's Mind-Altering Shoes are Flying Off Shelves. Aired 11a-12p ET

Aired July 01, 2026 - 11:00   ET

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

[11:00:00]

(COMMERCIAL BREAK)

BIANNA GOLODRYGA, CNN HOST, ONE WORLD: Hello, everyone. Live from New York. I'm Bianna Golodryga. Zain is off today. You are watching "One World". The

U.S. war with Iran has brought quote divine blessing, that is the word from Iran's chief negotiator. He made the comments to Iranian state media while

adding that further talks depend on the U.S. meeting some key conditions in the memorandum of understanding, among them releasing frozen assets.

However, sources say low-level indirect talks are underway in Qatar. One major sticking point has been the Strait of Hormuz, with two sources

telling CNN that Oman is proposing shipping companies pay fees to use the vital waterway. We begin our coverage with CNN's Jeremy Diamond in

Jerusalem.

And Jeremy, I believe U.S. officials are dismissing that claim that fees will be demanded for any ships crossing through the Strait of Hormuz. But

it was interesting to hear President Trump asked about this this morning in talks, and his focus was on Iran's nuclear program, which was not even part

of this 14-point MOU?

JEREMY DIAMOND, CNN JERUSALEM CORRESPONDENT: Yeah, that's right. And if anything, it is a reminder of just how much still needs to be done, not

only to shore up the current memorandum of understanding between the United States and Iran. After it was on shaky ground over this weekend, we saw a

series of kind of back and forth strikes around the Strait of Hormuz.

And but beyond shoring up the current MOU is also about getting to a final agreement, something that's supposed to take place over the course of the

next 60 days, but which pretty much everyone assumes and expects is going to take a lot longer. That being said, what we've seen in Qatar over the

last 48 hours has been described by both sides of the negotiating table as progress in these negotiations.

Progress that has certainly brought about de-escalating some of the tensions that had arisen over the weekend surrounding this agreement. But

there weren't direct negotiations at the high level, at least as far as we understand it. Jared Kushner and Steve Witkoff, President Trump's Special

Envoys on this issue, met with the Qatari Emir both yesterday and today.

And in between those meetings, the Emir met with senior Iranian officials as well, and that's how the negotiations were being conducted in Doha right

now. In addition to the fact that there have been working groups that have been established to negotiate a final agreement here.

Beyond that, though, we do know that there are continued discussions around what's happening in Lebanon. And right now, what's been happening in

Lebanon in recent days is continued Israeli strikes in Southern Lebanon, just yesterday, we saw the Israeli military said that they targeted a

Hezbollah operative who was near that security area that the Israeli military is staying in right now, occupying in Southern Lebanon.

The Israeli Prime Minister has maintained that Israeli troops should have the freedom to operate as they see fit against any potential threats in

Lebanon. In fact, just yesterday he visited Israeli troops in Southern Lebanon and told them that if you identify any threat to your safety,

quote, act, do not wait, act.

We are watching as Iran has continued to maintain that a ceasefire and the withdrawal of Israeli troops in Lebanon is absolutely necessary to

maintaining the current U.S.-Iran ceasefire, and also to advancing a final deal, but there are now kind of conflicting mechanisms it seems.

On the one hand, the agreement between the Israeli and Lebanese governments, which gives Israel a lot more freedom to act in Lebanon as it

sees fit. And on the other hand, this kind of broader language that's included in the Memorandum of Understanding, which Iran has interpreted to

mean a total ceasefire and the withdrawal of Israeli troops, which is not happening as of yet.

GOLODRYGA: All right, Jeremy Diamond reporting live from Jerusalem, thank you. As we mentioned, Iran is pushing for the U.S. to release its frozen

assets. The Iranian President tells Iran's news agency that, based on the plans made, $6 billion will be returned to the country. U.S. officials say

no frozen Iranian assets have been released yet.

In a statement Monday, U.S. officials said Iranian assets that are released would be used to purchase American agricultural products to feed the

Iranian people. Let's take a closer look at this with Miad Maleki. He is a Former Senior Official at the U.S. Treasury.

[11:05:00]

He is now a Senior Fellow at the Foundation for Defense of Democracies. Miad, it's good to see you.

So, Qatar said, alongside with what we heard from a U.S. official, that the $6 billion only moves quote according to the advancement of negotiations,

and so far, no transfer has been made. So, do you interpret that as if the talks failing or stalling past this deadline, that no money is moved at

all?

MIAD MALEKI, FORMER SENIOR U.S. TREASURY OFFICIAL: Thanks for having me on. And great to be back here with you. You know, yes, I think that what we're

seeing here, and let me just give you a little bit of background on the $6 billion in Qatar that the Iranians are domestically messaging as Iran

receiving.

I think Masoud Pezeshkian the President, tries to manage its internal domestic market. There is a shortage of foreign currency in Iran's market.

There's an inflation rate that is skyrocketing. So, he's trying to manage that domestic pressure while externally they're engaging in these talks,

not to resolve disputes, but to manage pressure.

Now, the $6 billion this is not the fund, this is not a type of money that would just flow to the Iranian regime or to Iran. The way it works is that

they release those funds incrementally to purchase non-sanctionable goods. Remember, there are non-U.S., non-governmental organizations that are

involved in these funds.

These are not funds that governments are holding, so the private sector is just going to make their own decisions, the risk-based type of approach to

these issues. And they're not going to just move these funds in a direction that two or three years from now there is a different administration,

different policy, or there is another round of escalations with Iran, and these banks going to find themselves being penalized for having moved those

funds.

The funds will be released incrementally, as I've seen being the case, or Qataris can give Iranians a line of credit, and that's what we're hearing

from Ghalibaf and others in Iran. That would probably give Iranians better leverage if Qataris move forward with something like that, but it would be

very unlikely that the U.S. administration is going to agree to a line of credit.

GOLODRYGA: So, how do you monitor that and make sure that if the money that is frozen now and ultimately released, it does go to buy, as the U.S. said,

U.S. agricultural products that would go feed the Iranian people. There's a lot of skepticism about this current regime prioritizing their own people,

as opposed to maintaining their own coffers to support their proxies and continue to fund terrorism around the world.

MALEKI: That's a really good point, and that's a great question. I got to tell you; I've seen little evidence that the Iranian regime is actually

interested in using these funds for humanitarian agricultural commodities. They constantly ask for cash or funds that they can then use however they

want.

And we know, as you said, they're not going to be investing these funds in their economic prosperity of Iranians, they don't put national interest as

a priority. It's really the revolutionary ideology that they would invest in first. Now, the way you monitor this is really the private sector

compliance programs.

Again, these are banks, these are financial institutions that there is a very small portion of their business that is Iran related, and they don't

want to risk their 90, 80, 70 percent of their non-Iran related business over this Iranian fund. So, and then historically they do come to the U.S.

government.

You've heard from U.S. officials that for these transactions they do run them by the U.S. government before they release them. But as you said, the

reality is when these funds are released to the non-Iranian companies to send agricultural commodities to Iran. Don't be fooled by that.

They're not going to be taking those agricultural commodities and throwing in the market. They're going to sell them domestically at higher price, at

very high price domestically. I mean, it transit into funds for that, for the regime to spend in other.

How -- I mean, I don't think I wouldn't oppose to using those funds for agricultural food commodities. There -- those are exempt from sanctions,

not presidential authorities, but legislations that authorize these types of transactions and exempt them from sanctions.

But the reality is, Iranian regime is going to receive these shipments and sell them in the domestic market, and not -- it wouldn't be just kind of a

type of commodities that would really help the Iranians right away.

GOLODRYGA: So, even if they can siphon off some additional funds for their own coffers, you say that --

MALEKI: Oh, absolutely.

GOLODRYGA: Yeah. Well, you have that dilemma, and on top of that, Iran could pull, according to some analysts, up to $10 billion worth of assets

from oil sales over the next two months, because part of this deal the United States does allow them to collect revenue now on selling their oil.

So, if you combine that with whatever proceeds they get from these frozen assets. Is that enough to prop up a government, which, as you noted, at the

same time is facing 70 percent inflation, has a real economic challenge on its hands at home with unemployment. Could this fill that void?

[11:10:00]

Can you hear me, Miad?

MALEKI: I can hear you now. Sorry, I lost you for a second. I can hear you now. So, I mean, you're making a good point. I'm more worried about, I'm

less worried about the frozen funds, because I know how to release. They take time, the transactions go very slow. I'm more worried about what you

mentioned, the waivers, the authorization for Iranians to sell oil and get paid in U.S. dollars.

That is -- that's very news since 2012 this is the first time that U.S. government is authorizing Iranians to get paid in U.S. dollars. So that's

very important. Yes, they're probably having about $8 billion worth of oil in international water that they can now sell to, I would say, mostly, if

not all, to the Chinese buyers.

That's their main market, 90 percent, 100 (ph) percent of their oil go to China. I don't think you're going to have new buyers like Indians and

others come to this Iranian oil market, because it's only a 60-day waiver and might not get renewed. But they have a lot of funds, they're going to

get released to them, in not just oil, but petrochemicals, and now they're allowed to sell under this authorization.

GOLODRYGA: Yeah. And it's as you noted, something that hasn't been happening since 2012 that they've been allowed to do, even under the JCPOA,

which President Trump, as you know, has been highly critical of, at least for the next 60 days. This allows them to do something that JCPOA did not

at the time. Miad Maleki, thank you so much. Really appreciate the time.

Well, it's now been one week since back-to-back earthquake struck Venezuela. The official death toll is more than 1900 people. And though a

sobering estimate from the Geological Survey says it's likely that tens of thousands, tens of thousands just imagine that are dead. We may never

actually learn the true count.

In 1999 when a similar tragedy struck Northern Venezuela authorities never released an official death toll. CNN teams have seen people using pickaxes,

shovels, and their bare hands to shift tons of rubble, all while equipment that could be helping them sits nearby unused. Our Isa Soares is there.

(BEGIN VIDEOTAPE)

ISA SOARES, CNN ANCHOR & CORRESPONDENT (voice-over): With nothing more than borrowed tools, Delvis Ramos digs through the rubble. The twin mattresses

of his two little girls are within sight, and he anchors his strength in knowing that soon he will hold them close, even if it's a final goodbye.

DELVIS RAMOS, FAMILY MISSING AFTER EARTHQUAKE: (FOREIGN LANGUAGE)

SOARES (voice-over): While we hear rescue team from North Carolina arrive looking for signs of life or death.

JACK THORPE, U.S. VOLUNTEER, RESOURCE RESCUE INTERNATIONAL: I know that we have still been finding people alive in these buildings, so I'm not ready

to give up yet.

SOARES (voice-over): Almost a week since those fateful back-to-back earthquakes, hope of finding survivors is fading fast. But in the midst of

unimaginable grief, a moment of compassion and humanity between an American rescuer and a grieving Venezuelan father.

The scene here in La Guaira is apocalyptic, with countless buildings pancaked by the ferocity of the quakes, and while families wait for

answers, heavy machinery sits idle.

SOARES: (FOREIGN LANGUAGE). He doesn't have petrol. He doesn't have fuel. I mean, tell that to the families.

SOARES (voice-over): A sorry sight for one of the world's largest oil reserves. Hassell Mendoza has seen this first hand. She traveled from

Tampa, Florida, to search for her loved ones.

HASSELL MENDOZA, FAMILY MISSING AFTER EARTHQUAKE: This guy, you know, work with the nails.

SOARES: The hands.

MENDOZA: They try -- the hands. They try to do everything without nothing. They don't have, you know, shoes. They don't have machine-like drills, big

drills that you need. They don't have sensors; they don't have anything.

SOARES (voice-over): We walk from building to building, the scale of destruction stretches for blocks around every corner a house of horrors

still, Venezuelans dig with rickety tours, shovels and bucket.

[11:15:00]

As we depart La Guaira an arresting scene of casket to casket, and of overwhelming loss. Isa Soares, CNN, La Guaira, Venezuela.

(END VIDEOTAPE)

GOLODRYGA: Thanks to Isa for that really moving report. For more information about how you can help Venezuela earthquake victims go to

cnn.com/impact. Well, back here in the U.S., millions are preparing for the Fourth of July holiday, but a dangerous heat dome is fueling record-

breaking temperatures across the country. The latest forecast up next.

Plus, Norway, France, and Mexico all booking places in the next round. Details of Tuesday's action at the World Cup, and a look at what's in store

today.

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GOLODRYGA: A dangerous heat wave is tightening its grip across Europe and after two weeks of scorching temperatures, with heat records shattered in

multiple countries. Now, a third wave is on its way next week. Experts say back-to-back heat domes are being fueled by record high ocean temperatures

and a strengthening El Nino.

And in parts of the U.S., millions are bracing for what could be the highest temperatures in more than a decade. CNN Meteorologist Derek Van Dam

has the forecast. So, Derek, we've been focused so much on this heat wave in Europe.

And here we're going to have a massive impact of a heat wave ourselves in the United States, setting record temperatures, and just look at what large

portion of the country will be impacted in that map behind you?

DEREK VAN DAM, CNN METEOROLOGIST: Yeah, and here we go again, right? It feels like we've got a broken record talking about how oppressive these

heat waves can get. This one is going to be different for the Eastern U.S. It is going to linger, it's going to stick around, just like the heat waves

that have been impacting Europe lately, and it's all because of the heat dome.

This is basically a high-pressure system that lingers, kind of parks itself over a certain part of a continent, and the way that the air rotates around

it, and kind of the heating between the surface and the upper levels of the atmosphere, it just traps it right near the surface of the earth, bringing

the hottest weather where you and I happen to live.

OK, so when we talk about triple digit heat indices, this is what it feels like on your body as you step outside. It factors in the actual air

temperature and the humidity values. It is going to be well above 100 degrees in the nation's capital that's not uncomfortable, that is dangerous

OK. So, this is something we need to take seriously, and I mentioned that it is going to linger around.

[11:20:00]

Well, I want to show you something first. This is the 80 million Americans that are under some sort of heat alert warning right now for today. But

that's going to balloon into about 150 million Americans under heat alerts through this Independence Day holiday weekend, remember, so many of us have

outdoor plans, outdoor activities to celebrate the nation's birthday, the 250th birthday of the United States.

And yeah, this is what we're going to have to contend with, and this could be the hottest Fourth of July celebration ever recorded in Washington, DC.

But that's the air temperature, so what about that humidity value, right? Well, this is what it'll feel like on your skin. And why do we bring up

these numbers?

They seem exaggerated, but they're actually not. This is a lot of science that goes behind the heat index or the feels like temperature. It has to do

with the air temperature and the humidity values, but it also has to do with your body's ability to cool itself. Remember, sweating is our natural

body's response to helping cool off from excessive heat, but when there's so much humidity in the air, your body has to work that much harder.

So, this is what it will feel like on your exposed skin: triple digit hit, 110 degrees plus, that is dangerous. So, even the overnight low

temperatures are going to be uncomfortable, making it difficult for our bodies to cool themselves off when we expect to do so.

Bianna and with this graphic, this is the extreme heat that will settle in on the Mid-Atlantic, and this is what you need to do: stay hydrated, wear

lightweight, light-colored clothes, avoid outdoor activities if at all possible, and check on your loved ones, right?

GOLODRYGA: Yeah, heed local warnings for sure. Check on your loved ones, most vulnerable, and listen having grown up in Texas, it's all about the

humidity. Those are the numbers that we look at, though that's the data point right there, because it can be brutal. Derek Van Dam, thank you so

much. I know you'll be very busy the next few days.

Well, it is official Mexico have booked their ticket to the men's World Cup round of 16. The tournament co-host defeated Ecuador 2-0. CNN's Valeria

Leon was with fans outside the stadium.

Just a little enthusiastic following that game. It was not snowing. I don't know if that was shaving cream or whatever, that they were spraying around,

but there was a lot of excitement following that game, which was delayed. We should note by rain prior.

Also, in yesterday's other games, I watched this one: France breezed through the round of 16 with a 3-0 victory over Sweden. And in Dallas, a

late goal from Erling Haaland was enough to see Norway through to the next round, they won a thriller against Ivory Coast, 2-1.

Well, one lesson is clear in the knockout stage: there is zero room for mistakes. Let's take a look at today's stacked lineup. In about 45 minutes,

England's three lions take on the leopards of the Democratic Republic of Congo. Belgium will face off against Senegal, and the U.S. men will look to

get past Bosnia and Herzegovina in a prime-time showdown.

Let's bring in Coy Wire live from outside the stadium where the U.S. team will play in Santa Clara, California. Coy, we're all making plans to watch

this game tonight and root for Team USA. And there's a bit of a pressure because the other two hosts of this World Cup have made it through to the

next round. Now it's up to the U.S. to do the same, and they're the favorite team at this point.

COY WIRE, CNN WORLD SPORT: Yeah. Yes, a big time favorite. Bianna, good to see you. Something is in the air today. It's not just this Bay Area fog out

here, it's not just us winner go home game. It is belief. It feels like America's footy story is turning a page.

32 years ago, America hosted the World Cup, hoping to grow the game. Today, that game is all grown up. The little kid who used to yell goal in their

backyard, pretending it was a World Cup stadium, are now wearing the crest on their chest instead of a cape.

And the fans, they've gone from trying to learn the offside rule to creating these atmospheres loud enough to shake the cross bars. They're

hosting a World Cup knockout match here at home, but standing between the 15th ranked Americans, and the next chapter is 61st ranked Bosnian

Herzegovina. Have a chance to pull up the biggest upset of this World Cup.

[11:25:00]

They are talented. They are fearless. They have nothing to lose, and teams like that can be trickier than a bicycle kick in a phone booth. Here is how

the U.S. are preparing mentally for this moment.

(BEGIN VIDEO CLIP)

SERGINO DEST, USA WINGER: It's a knockout round. And if you want to win this, this throw for the World Cup, you got to beat everyone you know and

be able to beat everyone. So, if it's from Europe or Africa, doesn't matter. We just want to win.

FOLARIN BALOGUN, USA FORWARD: We know we're going to need to be creative. We know we're going to need to be intense, like we have been, you know, so

far. And you know, there's no doubts we can go out there and win.

GIO REYNA, USA MIDFIELDER: You have very high expectation for ourselves for the rest of this tournament, and yeah, we don't want this to be over.

(END VIDEO CLIP)

WIRE: All right, this is a huge moment for Coach Mauricio Pochettino. When he took over, he inherited talent. What he has built is belief. The Former

Champions League finalist has the Americans playing fast, fearless, and for each other. The tactics matter, but his greatest contribution has been

convincing this team it belongs under the brightest lights. The players described what makes their coach tick listen.

(BEGIN VIDEO CLIP)

TIM REAM, USA CAPTAIN: Intense, focused, but at the same time very personable.

BALOGUN: Be passionate, I think that's the word that comes to mind.

MAX ARFSTEN, TEAM USA: Fierce, you know, he's intense, you know, and he wants -- he wants that to show in the way we play.

REYNA: He brings a very, very sort of fun and positive vibe every single day.

MILES ROBINSON, USA DEFENDER: He brings that intensity and that like courage with him in every step of the way, and I think, yeah, he's great

for this group.

(END VIDEO CLIP)

WIRE: Now the best coaches, Bianna, they don't just draw up place and fill out lineups. They unlock potential and fill players with belief. Pochettino

has given this team an identity, a swagger, and the confidence to dream big.

Now, the U.S. has not beaten a European opponent since 2021 and when you know it, it was Bosnia and Herzegovina who they beat. The butterflies are

almost done stretching, almost time to spread those wings and fly. I don't know if you heard a second ago that Dan drove by yelling, go Bosnia. We're

about nine hours from kickoff, and this place is going to be rocking tonight.

GOLODRYGA: Listen, we're all for upsets, but when it comes to this particular game, I am all for Team USA. No disrespect to Bosnia and

Herzegovina. I know that they're going to play their heart out as well. But I'm predicting a win for Team USA.

I'm also predicting that Russell Crowe will be playing the coach in the movie version of this whole story, at some point, too, Pochettino, they are

doppelgangers, the two of them. Coy Wire, no doppelganger for you, you are one of a kind. Thank you. Have so much fun tonight.

WIRE: Thank you.

GOLODRYGA: All right, coming up for us, we're getting the most extensive look yet at the growing fortune President Trump has amassed since returning

to office, and it is staggering. Plus, President Trump takes his inaugural flight on the new Air Force One donated by Qatar, but it is the American

taxpayer who could end up paying millions for the ticket.

(COMMERCIAL BREAK)

[11:30:00]

GOLODRYGA: Welcome back to "One World". I'm Bianna Golodryga. Here are some headlines we are watching today. Iran's Chief Negotiator wants key

conditions outlined in the memorandum of understanding to be met before further talks proceed, that includes releasing Iran's frozen assets.

However, sources say low-level talks are underway between the U.S. and Iran right now.

Rescue efforts are still underway one week after two major earthquakes struck Venezuela. The official death toll is more than 1900 people, though

the U.S. Geological Survey says it's likely that tens of thousands are dead. A fire at an oil refinery in southern Russia has been extinguished.

That's the word from local officials. Over the last few weeks, Ukraine has ramped up drone attacks on Russian oil refineries.

At least a dozen people are dead, and hundreds had to be rescued after torrential rain led to dangerous flooding in parts of Ghana. The president

says it was the highest recorded rainfall in years in the capital, with nearly 140 millimeters, or 5.5 inches, in a single day.

Well, the first year of Donald Trump's second term has been extraordinarily lucrative for the president personally. According to his latest mandatory

financial disclosure, he banked billions of dollars in 2025 mainly through crypto earnings powered largely by meme coins. Trump also raked in tens of

millions from property investments, royalties, and settlements tied to various lawsuits.

CNN's Alayna Treene joins me now live at the White House. The president, a little while ago, Alayna was asked about this disclosure form, and he

basically summed it up by saying that he does not control his investments, that is controlled by his sons, who were standing just a few feet behind

him. And also, that everyone is getting rich from this stock market boom that he takes credit for. I would imagine still so many questions remain.

ALAYNA TREENE, CNN WHITE HOUSE CORRESPONDENT: Oh, absolutely. I mean, as you mentioned, Bianna, the president, eager to try to shove off the notion

that he is profiting from the presidency. But I think if you just pour through this 2025 disclosure report, it's nearly 1000 pages long.

You can see that being president has been very good for Donald Trump's bottom line. I do want to start with some of the cryptocurrency news in

here. I think that was one of the biggest takeaways from this 927-page report showing one that the president -- that's where the vast majority of

his money came from, even though, of course, he's insisting that he's not making any of these decisions.

But if you look into it, Trump netted more than $526 million Bianna, from sales of cryptocurrency tokens tied to World Liberty Financial, that is a

firm run in part by his sons, Eric and Donald Trump Jr. The president also holds several other cryptocurrency investments that added to that massive

nearly again $1 billion that he was able to rake in.

Some other things I will get through in a minute of what we've seen in this report, but I do want you to listen to what he said, because he was asked

specifically by reporters about this notion that he is profiting off the presidency. Here's his answer.

(BEGIN VIDEO CLIP)

DONALD TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA: I purposely, I never speak to any of the people that run the money, but they're big

institutions and they invest in whatever they invest.

UNIDENTIFIED FEMALE: But to critics who say -- to critics who say you're profiting off the presidency?

TRUMP: Well, you know why I'm profiting, because the stock market's going up, everybody's profiting. If you have a 401K, how's your 401K done? Got up

85 percent, thank you, President Trump.

(END VIDEO CLIP)

TREENE: OK, so a couple things I want to point out there. One, of course, is what we touched on, which is this idea. He's saying, you know, other

people manage my money, I don't manage it at all.

[11:35:00]

Again, the firm that is responsible for a lot of that, more than $500 million in cryptocurrency money that he raked in, was in part managed by

his sons, who were standing just behind him in that clip where he was talking to reporters.

But then also there's a lot of other things that we know from this report, where he's made money, not just the stock market, of course. We know that

from his Mar-a-Lago club, he made $77 million in resort-related fees. Some people arguing that's because a lot of people want to go to his resort

because he is President Donald Trump and get that access to him.

There's other things about Trump watches, where he's made money, Trump sneakers and fragrances, so a lot to dig in here Bianna, in this hefty

report.

GOLODRYGA: All things considered, he's become quite a wealthy man. And it is notable that his response is well, everyone has become wealthy now after

the stock market boom, and therefore 401K returns. Alayna Treene, lot more questions to be asked. You'll be doing it all for us. Thank you.

Well, another significant revenue stream reported in that disclosure includes a $400 million luxury jet gifted by the Qatari government.

President Trump is currently on board for its inaugural flight for the opening of Theodore Roosevelt's Presidential Library. The president is

expected to use the jet until a new U.S.-built plane is finished in about two years' time.

CNN's Jeff Zeleny joins me now, live from Medora, North Dakota. Jeff, again, so many questions from the first time this headline came across our

attention that the Qataris would be gifting this plane. Now here it is.

We don't know the figure, the exact figure for how much the retrofitting to secure this plane has been? But there have been reports it could be close

to a billion dollars. The president is shrugging this off politically. Does this potentially cause any damage for him?

JEFF ZELENY, CNN CHIEF U.S. NATIONAL AFFAIRS CORRESPONDENT: Look, it is hard to know going forward if this could be the thing that actually causes

concern among his supporters, that is unlikely. But it adds just to the level of things that we've seen in an unprecedented way.

How foreign investors and companies and individuals and governments have gifted things to this administration, to this president. A year has passed

since he first started talking about wanting this plane. We've heard him talk so often about how Air Force One was aged, and he did not believe it

was suitable for an American President.

Well, he is flying right here now from Washington to North of Dakota aboard that plane, and we are told it is quite lavish. Not surprisingly, we are

seeing some of the first images from there, and this is what he had to say specifically about the plane.

(BEGIN VIDEO CLIP)

TRUMP: You know, to be honest with you, I'm excited about the first flight. It's something nobody has ever seen anything like it. We're very proud of

this. The country is very proud of it. And you can do two things: you can low key it or you can show it. And I think the country should be very proud

of it.

(END VIDEO CLIP)

ZELENY: Well, there's no doubt that the president is very proud of it and happy about it. It's unclear if the country is, of course. Another question

is, what happens after he leaves office. It has widely been believed that he is going to effectively get this plane by maybe a gift to his library,

so unclear if he will have use of it or not.

He has kind of downplayed that. But the reason he's coming here to North Dakota, he'll be riding on a train here to Medora in Western North Dakota

is for the opening of the Theodore Roosevelt Library. It's part of the America 250 celebrations. He'll be speaking behind me on stage here in just

a few hours.

And it is again part of Trump and the president injecting and inserting himself directly into the middle of these America 250 celebrations. But

there's no doubt flying for the first time on that big plane here to North Dakota.

GOLODRYGA: Yeah, it seems like quite a contradiction running on America first, flying on a plane that was gifted from the Qatari government, Air

Force One. Jeff Zeleny, thank you. Let's get some perspective on the president's new ride and his giant payday.

We're joined by "The Wall Street Journal's" National Politics Reporter Sabrina Siddiqui. Sabrina, it's so good to see you. It's been quite a

while. So, let's start with the financial disclosures showing $1.4 billion from crypto last year, including nearly $800 million from a firm nearly

half owned by a UAE-linked fund.

How do you -- what answers are you getting from the White House about this idea of a president profiting from an industry, no less, that he is

regulating himself?

SABRINA SIDDIQUI, NATIONAL POLITICS REPORTER, WALL STREET JOURNAL: Well, I think that the White House has often tried to make this claim that you know

the president is separating his role as Commander-in-Chief from his business interests and financial ties to various industries.

[11:40:00]

But we know that there are certainly a lot of ethics questions that have been raised by these disclosures. And you know it's not just about the fact

that he earned more than a billion dollars from cryptocurrency, it's that crypto has become central to both the president's personal finances and his

administration's economic agenda.

So, it raises these inevitable questions about potential conflicts of interest that critics say are unprecedented, even if the White House says

that the president is simply pursuing policies that benefit an emerging industry. I think that there are going to be these questions about how much

the president's policy actions are influenced by what a very clear vested interest in this industry?

GOLODRYGA: And this is an industry worth noting that the president, at one time, not so long ago, was highly critical of, and saying that it was

something that the drug dealers and gang members were involved in. Now we're seeing he's being rewarded quite prosperously from it.

He's saying that this, his sons are running it, he has nothing to do with it. But he's the trust beneficiary. Does that distinguishment hold there

between his sons running it and actually him being the beneficiary?

SIDDIQUI: Well, I think him being the beneficiary is what raises a lot of concerns among ethics experts. And the lines are always blurred if it's his

own sons who are running the business. And we saw that trend in the first administration as well, right.

I mean, we were always talking at that time about how his real estate interests and business investments overseas posed a conflict of interest in

his first term, even if he said that that was something that was being run by his sons and not him personally.

And so, I think that you know there's also this question about how the markets react, and so there's a lot here that I think is concerning, and

certainly, like I said, unprecedented. Now lawmakers are actively considering legislation governing digital assets.

So, I think Trump's personal financial interest will inevitably become part of that conversation, but certainly this is something that is raising a lot

of conflicts of interest questions today.

GOLODRYGA: And just that distinction alone, that argument just doesn't seem to be holding much water either. So, I'm sure he's going to continue to be

pressed, and the White House will be continued to be pressed about this.

Your reaction to this refurbished plane that we saw the president touting. He's saying you could low key it or you could show it. He is definitely

showing it. We don't know how much money this is actually cost the taxpayer here in the U.S.

As I said with Jeff, there are reports that it's close to $1 billion to refurbish this plane and to make it secure enough to carry the President of

the United States. There are some reports that that money has been actually pulled from missile programs from the DOD. How much of a liability could

this be for the president?

SIDDIQUI: Well, it's funny, we were just talking about conflicts of interest, right? And that seems to be the theme of the day. I think that

there are a lot of questions around the president using such a valuable gift from a foreign government.

I mean, these concerns are also amplified because this is coming at a time when we were just talking about the president's -- his family's business

interests. His family has extensive international business interests, including in the Gulf region.

So, what I've heard from ethics experts is that even if there's no evidence of a quid pro quo, the appearance is what matters here. And they would

argue that foreign governments could see providing lavish benefits or gifts as a way to build goodwill with a president whose family continues to do

business overseas.

And frankly, with the president who often looks at foreign relationships through this prism of what have you done for me lately.

GOLODRYGA: Sabrina Siddiqui, thank you so much for taking the time to join us. Good to see you. And still to come for us, America is gearing up for

one of the biggest weddings of the year. I didn't get an invite. It's expected to go down in just a few days as well. We'll have details ahead.

(COMMERCIAL BREAK)

[11:45:00]

GOLODRYGA: The nuptials of America's sweetheart and a football star could be just days away. Sources say Taylor Swift and Travis Kelce will kick off

wedding festivities at Madison Square Garden this week. The couple is expected to hold a rehearsal event Thursday in New York, with the main

event to follow on Friday.

Insiders expect 1000 people will attend the big event. Very high on that guest list is CNN's own Brynn Gingras, perhaps the maid of honor. Even

Brynn, if you were smart, that's exactly what you would be. You are outside of Madison Square Garden, I guess it's going to be hot outside this

weekend, and hotter inside there.

BRYNN GINGRAS, CNN U.S. NATIONAL CORRESPONDENT: I mean, it sounds like it's going to be a party, Bianna. And I know you should be a guest as well. We

should both be guests, but I can tell you this is the closest that it will get to the inside of Madison Square Garden for the next couple of days.

In fact, I'm probably going to be pushed back quite far, because security is going to begin getting ramped up in this area of Madison Square Garden.

What we're learning now from NYPD sources is this won't become like a frozen zone, like we saw during the NBA Finals. However, there is going to

be a bigger presence of security.

But look Bianna quite a flurry of activity happening right behind me. You can see some forklifts right now. We're starting to empty some equipment.

Obviously, we don't know directly if this is related to what's going to be set up inside the arena of Madison Square Garden, where this wedding

celebration is going to take place?

But we are keeping an eye on literally everything to get all those little Easter eggs that we always hope to get when it comes to Taylor Swift. As

you said, Bianna, the rehearsal, as it's being described by a source, is going to start tomorrow at 06:00 o'clock what "The New York Times" is

reporting is that's going to be in a smaller theater inside Madison Square Garden, attended by about 100 guests.

And then the big celebration takes place on Friday, beginning at about 06:00 p.m. and going into the July 4th at about 04:00 a.m. so like we said,

quite a celebration. We're hearing now also, on top of the security, they'll be setting up a tent out of the other side of Madison Square

Garden, from where we are on 31st street, again in the center of Manhattan, to make sure guests cannot be seen.

So, if you were wondering why? The person who can literally get married anywhere on this earth, why she would choose Madison Square Garden? It is

because it can be the most top-secret place to hold this kind of celebration. We are being blocked, really seeing anything, and it's only

getting little tidbits of information as we go.

But yeah, quite a celebration expected the next couple of days during a heat wave that you described, so people have to take precautions. We are

still in the midst of the World Cup, and of course, we are about to celebrate the country's 250th birthday. So, it's a party in New York City.

What can I say, Bianna?

GOLODRYGA: Yeah, I just happen to think if you want privacy, there are lots of other places you could choose from. And perhaps tell the world after the

fact, as opposed to gearing up before, but you know that's just me.

[11:50:00]

You are going to be there, covering it all for us, Brynn Gingras. I'm still waiting to see you next to Taylor there inside Madison Square Garden. That

is something I want to happen.

GINGRAS: Fingers crossed.

GOLODRYGA: Thank you so much. All right, still to come for us, from helping you run faster to jump higher. Nike's latest promise has nothing to do with

your feet, instead it's targeting your mind. Tell you the story ahead.

(COMMERCIAL BREAK)

GOLODRYGA: Nike is looking to regain its footing in what's been a disappointing year. This as it's recorded another sales decline in the

latest quarter. The athletic giant is banking on its most ambitious idea yet, mind-altering shoes, and it's working. The neuroscience-based footwear

is already sold out. CNN's Anna Stewart tries them on.

(BEGIN VIDEOTAPE)

ANNA STEWART, CNN CORRESPONDENT: Don't mind me, I'm just trying to stimulate my brain's sensory motor network with my feet.

STEWART (voice-over): Nike used to be all about making you run faster, jump higher, just do it. Now it's entered the neuro wearable segment. These

shoes, the Nike Mind, are designed to improve mental focus and reduce stress. Nike says they tune down the part of the brain responsible for mind

wandering.

These foam nodes, 22 in total per shoe, are supposed to stimulate sensory nerves on the feet. They also stimulate conversation.

STEWART: Would you wear them?

UNIDENTIFIED MALE: No.

UNIDENTIFIED FEMALE: What are they?

STEWART: They are mind altering shoes.

UNIDENTIFIED FEMALE: It looks like an indoor slipper, or like maybe something you'd wear to the beach.

UNIDENTIFIED MALE: It's just weird, weird looking, but I will say that because it's you, you pull it off.

STEWART: That's why we're friends.

UNIDENTIFIED MALE: Nike is the first company to create a team like the Mind Science Department.

STEWART (voice-over): Nike is struggling in the competitive space of sportswear and athleisure. Shares are down 74 percent over the last five

years. It may be losing its footing on our feet, but now it's trying to get inside our heads with wearable tech, or should that be wearable wellness?

ISHARA DHARMASENA, PROFESSOR OF SMART TEXTILES, LOUGHBOROUGH UNIVERSITY: The wearable technologies at present, most of them, what they're trying to

do is that they're trying to use more batteries, more electronics inside the wearables.

[11:55:00]

But this technology is different in a sense that this is a passive neuro wearable technology in my view.

STEWART: Well, I can tell you that these shoes are comfortable, little bit hot, but are they mind altering? I don't even know how you could quantify

that? But I can tell you that my mind has been almost 100 percent focused on the fact that I am wearing these.

UNIDENTIFIED FEMALE: Oh, those are really ugly shoes.

STEWART: Oh, wow, straight out there.

UNIDENTIFIED FEMALE: Sorry, Nike won't be wearing them anytime soon.

STEWART (voice-over): Well, today they've been attention stealers rather than attention focuses, and so far, I feel no change in stress levels. You

know I think feet up rather than shoes on probably works best for me. Anna Stewart, CNN, London.

(END VIDEOTAPE)

GOLODRYGA: Look, there she seems happier having worn them, and Anna Stewart can pull anything off. What a fun story. All right, stay with CNN. I'll

have more "One World" after the break.

(COMMERCIAL BREAK)

END