10AM ET 07/01/2026 Newscast

Summary

Fox News Hourly Update – 10AM ET, July 1, 2026

Episode Overview

This episode delivers a brisk roundup of national and international news. The newscast highlights the debut of a new Air Force One, President Trump’s financial and foreign policy headlines, a notable Congressional primary in Colorado, the latest economic and market indicators, and updates from soccer’s World Cup. The tone is fast-paced, prioritizing key facts and rapid updates.

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Key Discussion Points & Insights

1. New Air Force One Takes Flight

[00:03–00:31]

• Main Story: President Trump is now traveling in a newly presented Air Force One—a Boeing 747 gifted by Qatar and modified for presidential use.
• Backdrop: The aircraft will serve as an interim Air Force One until two new, specially built planes are ready (delivery delayed to mid-2028).
• Design Change: The jet sports a dark blue underbelly, white top, and red/gold stripes—departing from the historic Kennedy-era color scheme.

Notable Quotes:

• President Trump:
  "We're very proud of this. The country is very proud of it." [00:09]
• Chris Foster:
  "It's painted with a dark blue underbelly and a white top separated by a red and a gold stripe, replacing the light blue, silver and white..." [00:31]

2. President Trump’s Finances and Iran Policy

[00:48–01:21]

• Financial Disclosure: Reporters query Trump on a filing showing nearly $1.2B in cryptocurrency earnings in 2025.
• Trump's Response: He attributes gains to pre-presidency wealth management, insisting he does not direct the investments.
• Foreign Policy – Iran: Trump touts falling oil prices, attributing it to his “attack on Iran” (presumably a major diplomatic or military move) aimed at preventing Iranian nuclear capability.
• Diplomatic Efforts: U.S. envoys are in Qatar for more talks, with safe shipping in the Strait of Hormuz a focus.

Notable Quotes:

• President Trump on crypto:
  "I've made a lot of money before I became president and they invest my money and I don't talk to them. I don't even speak to them. So I have many people, I don't know what they call closed accounts or something." [00:57]
• President Trump on oil & Iran:
  "Again today lower than when I started the, I guess you could call it an attack on Iran so that they never have a nuclear weapon." [01:12]

3. Political Shifts in Colorado

[01:21–01:36]

• Election News: Another self-identified socialist, Maillard Kyros, defeats longtime Congresswoman Diana DeGette in a Denver Democratic primary—mirroring recent similar primary wins in New York.
• Historical Context: Kyros was born after DeGette was first elected, highlighting generational change.

Notable Quotes:

• Jenny Coselda (Kyros victory):
  "We won tonight so much bigger than this moment." [01:33]
• Dave Anthony (context):
  "Kyros defeated Diana DeGette who's been in Congress longer than she's been alive." [01:33]

4. U.S. History 250th Anniversary – Promo

[02:00–02:31]

• Series Announcement: Bill Hemmer promotes a FOX News podcast series marking 250 years of American history, focusing on the most pivotal events shaping the nation.

Notable Quotes:

• Bill Hemmer:
  "History isn't just in textbooks. It's the story of us, the United States. 2026 marks 250 years of America." [02:00]

5. Market & Economic Updates

[02:31–03:45]

• Stock Market: The Dow starts July down slightly after its best first half since 2021. Nasdaq and S&P 500 are also down.
• Oil & Gas: Oil drops to $69/barrel; national gas prices stable at $3.84/gallon—down from May peaks but up from pre-Iran conflict levels.
• Jobs Reports:
  • ADP: June job growth of 98,000—slightly under expectations, signs of a tight labor market in some sectors.
  • Challenger Gray & Christmas: June job cuts lowest since December 2025.
• Upcoming Data: Government June jobs/unemployment report due tomorrow.

Notable Quotes:

• Jenny Coselda (jobs):
  "Payroll processing company ADP says job growth...98,000 in June, slightly less than expected, but still in the range of a healthy job market." [03:07] "Announced job cuts were down 53% in the month to under 46,000, the lowest monthly total since December of 2025." [03:20]

6. World Cup Soccer Updates

[03:45–04:28]

• Match Results: France, Norway, and Mexico advance to round of 16.
• U.S. Match Preview: U.S. to face Bosnia and Herzegovina in Santa Clara; Christian Pulisic expected back from injury.

Notable Quotes:

• Tony Ginnualdo:
  "I think it’s going to be a good battle. We have to put on a really good performance if we want to win." [04:13]

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Memorable Moments & Notable Quotes (with Timestamps)

• President Trump on Air Force One:
  "We're very proud of this. The country is very proud of it." [00:09]
• Chris Foster on color scheme change:
  "It's painted with a dark blue underbelly and a white top separated by a red and a gold stripe..." [00:31]
• President Trump dismissing involvement in his own investments:
  "I don't even speak to them. So I have many people, I don't know what they call closed accounts or something." [00:57]
• Kyros victory acceptance:
  "We won tonight so much bigger than this moment." [01:33]
• Bill Hemmer celebrating America’s 250th:
  "History isn't just in textbooks. It's the story of us, the United States..." [02:00]
• Tony Ginnualdo on World Cup match:
  "We have to put on a really good performance if we want to win." [04:13]

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Timestamps for Important Segments

• [00:03] New Air Force One, gift from Qatar
• [00:48] President Trump’s crypto investments & Iran policy
• [01:21] Socialist primary win in Colorado
• [02:00] U.S. 250th anniversary special podcast promo
• [02:31] Market and economy updates
• [03:45] Soccer World Cup results & U.S. preview

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This FOX News Hourly Update offers a succinct look at some of the day’s most significant stories, touching on politics, economy, global affairs, and sports—all in just a few minutes.

Transcript

[Dave Anthony]

What he got as a gift just got off the ground. I'm Dave Anthony, FOX News. The new Air Force One.

[President Donald Trump]

We're very proud of this. The country is very proud of it.

[Dave Anthony]

President Trump's now flying in that plane on his way to North Dakota for the dedication of Teddy Roosevelt's presidential library.

[Chris Foster]

The new Air Force One is a gift from the Qatari government. A Boeing 747 modified by the Air Force. After delivery last year, they made it

[President Donald Trump]

appropriate for a president. That means the security and all of the different bells and whistles joins the

[Chris Foster]

FL as an interim aircraft for use before the completion of two new Boeing 747s built for Air Force One use. Running behind schedule pushed back to mid-2028. It's painted with a dark blue underbelly and a white top separated by a red and a gold stripe replacing the light blue, silver and white color scheme used since the Kennedy administration.

[Dave Anthony]

Fox's Chris Foster. Before taking off, reporters also asked the president about a financial filing showing he made nearly $1.2 billion from his cryptocurrency investments last year.

[President Donald Trump]

Well, I've made a lot of money before I became president and they invest my money and I don't talk to him. I don't even speak to him. So I have many people, I don't know what they call closed accounts or something. You put your money in and that's it.

[Dave Anthony]

The president also touted oil prices falling

[President Donald Trump]

again today lower than when I started the, I guess you could call it an attack on Iran so that they never have a nuclear weapon.

[Dave Anthony]

His special envoys are in Qatar for another round of talks today through mediators with keeping shipping flowing in the street of Hormuz still a big issue. Now to Colorado where another socialist has primaried out a Democrat in Congress.

[Jenny Coselda]

We won tonight

[Dave Anthony]

so much bigger than this moment. Maillard Kyros defeated Diana DeGette who's been in Congress longer than she's been alive. Kyros was born a year after DeGette was first elected. It's a very democratic Denver district. So Kyros is a strong favorite to win that House seat in November. Just like the two socialists who defeated Democratic congressman last week in New York City. America's listening to FOX News.

[Bill Hemmer]

History isn't just in textbooks. It's the story of us, the United States. 2026 marks 250 of America. And throughout the year, Bill Hemmer takes listeners on a journey through the 250 most impactful moments in American history. From the spark of revolution to the battles for freedom the ideas, inventions and decisions that change the world. The 250 most impactful moments in American history. Podcast, Listen and follow now@fox newspodcasts.com

[Dave Anthony]

There is selling on Wall street to start a new month after the Dow finished its best first half of a year since 2021, up nearly 9%. Morning. The Dow is down 49 points from yesterday's record high close. The Nasdaq is dropping 144. The S&P 500 losing about 20 points. You mentioned oil WTI down to about 69 bucks a barrel. Gas is unchanged today. AAA's national average for regular remains $3.84 per gallon, 72 cents less than May's peak, but still 86 cents more than before the Iran conflict started. We got this news on the economy this morning.

[Jenny Coselda]

Payroll processing company ADP says job growth employers increased by 98,000 in June, slightly less than expected, but still in the range of a healthy job market. ADP chief economist Neela Richardson says it's taking people longer to find work, but there are signs that some industries, including construction, are finding it more difficult to find employees. Outplacement firm Challenger Gray and Christmas as fewer people were laid off in June announced job cuts were down 53% in the month to under 46,000, the lowest monthly total since December of 2025. Jenny Coselda, Fox News.

[Dave Anthony]

We'll get the government's June report on hiring and the unemployment rate tomorrow ahead of the long Fourth of July holiday weekend at soccer's World Cup. France and Norway and Mexico all one to advance to the round of 16. There are three more matches today, England and Congo, Belgium and Senegal, and then the big one tonight. The United States is set to face Bosnia and Herzegovina tonight in the round of 32. But the U.S. of course, has home field advantage as this game will be played in Santa Clara. The team also expects to get back a fully healthy Christian Pulisic as he had been dealing with a calf injury. I think it's going to be a good battle. We have to put on a really good performance if we want to win. Kickoff is scheduled for 8:00pm Eastern on Fox. That's Tony Ginnualdo. I'm Dave Anthony and this is FOX News.

[Bill Hemmer]

Cheers to America's 250th birthday. Get 20% off your first purchase at Fox newswineshop.com with code FN RADIO 2020% discount excludes wine club offers and cannot be combined with any other promotion. Expires July 31, 2026. Must be 21 order to order. Please drink respons.