Fox News Hourly Update – July 3, 2025, 10AM ET Newscast

Released on July 3, 2025 by Fox News Radio

1. House Budget Bill Controversy

Speaker: Dave Anthony, Host
Timestamp: [00:02]

The newscast opens with Minority Leader Hakeem Jeffries expressing strong opposition to President Trump's recently proposed budget bill. Jeffries criticized the legislation as a "big ugly bill," highlighting its potential negative impact on millions of Americans.

Speaker: Hakeem Jeffries
Timestamp: [00:16]
Quote: "More than 17 million Americans at risk of losing health care coverage."

Details:

• The budget bill introduces work requirements for Medicaid recipients while implementing significant spending cuts, measures Republicans argue are essential for fiscal responsibility.

• Additionally, the bill aims to make the 2017 tax cuts permanent, with specific exemptions for income earned through tips and overtime.

Speaker: Steve Scalise, Congressman
Timestamp: [00:38]
Quote: "Rebirth and we're going to deliver it. President Trump is at the helm now. It's a new day now."

Congressman Steve Scalise voiced support for the bill, emphasizing President Trump's leadership and optimism for future economic reforms.

2. Economic Updates

Speaker: Dave Anthony
Timestamp: [00:43]

The host reported unexpectedly positive economic indicators released that morning. Contrary to predictions of reduced hiring, the economy saw a substantial increase in job creation.

Details:

• Jobs Report: An addition of 147,000 jobs in June, surpassing the anticipated 110,000.

• Unemployment Rate: Dropped by 0.1% to 4.1%, defying forecasts.

Speaker: Steven Myron, White House Council of Economic Advisers Chairman
Timestamp: [01:11]
Quote: "That means the president is once again proving that the haters and the doomsayers don't know what they're talking about."

Steven Myron credited President Trump for the robust economic performance, dismissing critics and doubters.

3. Wall Street Performance

Speaker: Dave Anthony
Timestamp: [01:27 and 02:31]

The financial markets showed significant gains following the strong jobs report.

Details:

• Dow Jones Industrial Average: Increased by over 100 points, totaling a 290-point rise.

• Nasdaq: Achieved a new record high with a 170-point climb.

• S&P 500: Rose by 43 points, also reaching an all-time high.

• Trading Schedule: Markets will close early at 1:00 PM Eastern in observance of the Independence Day holiday.

4. Supreme Court's Upcoming Cases

Speaker: Dave Anthony
Timestamp: [01:43]

The Supreme Court, having concluded its current term, is set to address a major transgender rights case in the upcoming term starting in the fall.

Details:

• Case Focus: Challenges to state-level restrictions preventing biological men from competing in women's sports.

• Previous Rulings: Last term, the Supreme Court upheld bans on gender-affirming care for transgender youth, indicating a potential trend in judicial decisions affecting transgender rights.

5. Violence in Chicago

Speaker: Dave Anthony
Timestamp: [01:53]

A late-night shooting outside a nightclub in Chicago has resulted in four fatalities and 14 injuries. Authorities continue to search for additional gunmen or possible accomplices.

6. Summer Travel Trends

Speaker: Dave Anthony
Timestamp: [02:31]

As the nation heads into summer, travel plans are booming, with a record number of Americans hitting the roads and skies.

Details:

• Travel Statistics: Over 72 million people are expected to travel, surpassing 2019 figures by 7 million.

• Flight Costs: The average round-trip domestic flight has risen to $810, a 4% increase from the previous year.

• Gas Prices: On a positive note for drivers, gas prices have decreased to their lowest levels since 2021.

Speaker: Dana Marie McNichol, Reporter
Timestamp: [02:57]
Quote: "There are only about 59 flights canceled, but FlightAware does report about 1,300 delays."

Dana Marie McNichol provided on-the-ground insights from Miami Airport, noting minimal flight cancellations despite widespread delays.

Additional Details:

• Gas Prices: The national average for regular gasoline stands at $3.16 per gallon, a decrease of 6 cents from the previous week and 35 cents lower than last year.

7. Vaccine Regulation Controversies

Speaker: Dave Anthony
Timestamp: [03:26]

The newscast delves into ongoing debates surrounding COVID-19 vaccine regulations.

Details:

• FDA Intervention: Internal documents reveal that Dr. Vinay Prasad, the FDA's top vaccine official, intervened to restrict the use of Novavax and Moderna vaccines for individuals aged 12 and up. His decision limited these vaccines to high-risk groups, such as seniors and those with underlying health conditions.

• Conflict: Dr. Prasad opposed his staff's plans to approve broader distribution of these vaccines, reflecting internal disagreements within the FDA.

• Health Secretary's Stance: Robert F. Kennedy Jr., the Health Secretary, has been a vocal skeptic of vaccines, leading to a series of restrictive measures under his administration.

Speaker: Vinay Prasad, Dr.
Timestamp: [03:49]

Quote: N/A (The transcript does not provide a direct quote from Vinay Prasad in this segment.)

Conclusion

The Fox News Hourly Update provided comprehensive coverage of the day's top stories, ranging from political controversies and economic indicators to Supreme Court case previews and public health debates. With interviews and statements from key political figures, the newscast offered viewers a detailed and engaging overview of current events shaping the nation.

For more updates, listen to Fox News Radio or visit their website.