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The Daily

The U.A.E. Got A.I. Chips. Trump’s Inner Circle Got Crypto Riches.

The Daily

The New York Times

Daily News, News

4.4102.8K Ratings

🗓️ 24 September 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

President Trump and his inner circle are making millions of dollars from agreements that intersect with America’s national security interests, a New York Times investigation found. Eric Lipton, who wrote the article, explains why these conflicts of interest are unlike anything we’ve seen before.

Transcript

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0:00.0

From the New York Times, I'm Rachel Abrams, and this is The Daily.

0:10.1

A New York Times investigation into a series of major deals between the Trump administration,

0:15.5

the United Arab Emirates, and the Trump family has revealed that the president and his

0:20.4

inner circle are making millions of dollars from agreements that intersect with America's national security interests.

0:27.7

Today, my colleague Eric Lipton explains why these conflicts of interests are unlike anything we've seen before.

0:37.1

It's Wednesday, September 24th.

0:43.6

Eric, welcome to the show.

0:45.5

Hello, Rachel.

0:46.9

Eric, I feel like every time we've talked on the show,

0:49.9

we've had you on to talk about some kind of conflict of interest

0:52.7

that has to do with either the Trump family or the Trump administration.

0:56.2

And you explain each time that what we are discussing is more significant or problematic than the last time we had you on the show or than another administration.

1:06.1

And here we are. I think it's been about four months since we had you on last time.

1:10.2

And I think that once again, this is what you're going to tell me. Am I right?

1:15.8

That's right. We're not talking about martinis at the Trump Hotel in D.C.

1:21.1

are staying a couple of nights at the Trump D.R.L. are people gathering at Mar-a-Lago.

1:27.1

These were things that were considered scandals during the first Trump administration by his critics.

1:31.3

Right. This is an entirely different scale. What we're seeing here in these series

1:37.3

of transactions is at a scale, unlike anything I think I've seen as a reporter in actually

1:42.3

four decades of doing my job.

1:44.4

Wow.

1:50.8

In terms of the national security implications and just the scale of dollars in play that are potentially enriching the president's family and the family of some of his advisors.

...

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