10AM ET 07/03/2026 Newscast

Summary

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Fox News Hourly Update — 10AM ET 07/03/2026

Host: FOX News Podcasts
Date: July 3, 2026

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Episode Overview

This newscast delivers timely updates on Independence Day celebrations across the U.S. and territories, extreme weather conditions, a historic presidential speech, international headlines from Iran, governmental policy changes about AI and children’s investment accounts, and World Cup soccer highlights. The broadcast offers a concise digest of national and international developments, as well as special events marking the Fourth of July weekend.

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Key Discussion Points & Insights

1. Unique Fourth of July Celebrations Begin Across the U.S. and Territories

• Guam and Northern Mariana Islands are the first American territories to greet the Fourth of July (00:03).

• Times Square Ball Drop: To mark the bicentennial (America 250), the New Year’s ball drops at midnight in each U.S. time zone on July 4th—but with no crowds allowed, only broadcast and livestream coverage (00:20).

  "Unlike New Year's Eve, there will not be a massive crowd in Times Square. Each ball drop can only be seen on broadcast TV and live stream."
  — Dave Anthony (00:22)

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2. Weather-Driven Disruptions and Safety Concerns

• Extreme Heat is sweeping the eastern U.S., with temps over 100°F forecast in major cities, including Philadelphia (00:22).

  • Philadelphia’s annual Independence Day parade is canceled due to heat risks to people and equipment (00:22).
  • Heat alerts span from Kansas across the Midwest and into New England (01:01).

  "Heat's gonna, you know, take a toll on the equipment... and big time on people."
  — Tanya J. Powers (00:49)

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3. President Trump’s Bicentennial Events and Mount Rushmore Fireworks

• President Trump is set to give a major "America 250" speech in Washington, D.C. on July 4th, despite the heat (01:01).

  • He’s celebrating July 3rd at Mount Rushmore with a fireworks display—the first over the site since 2020, after fire safety concerns halted the tradition (01:15).
  • Interior Secretary Doug Burgum assures the public a plan is in place to manage fire risks (01:15).

  “Interior Secretary Doug Burgum insists they have a plan in place to identify and put it out quickly if there is one.”
  — Medal Rivera (01:15)

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4. International: Iran’s National Mourning

• Funeral for Supreme Leader Ayatollah Ali Khamenei begins in Iran, lasting several days. Tehran is draped in banners urging support for the Islamic Republic (01:41).

  • Khamenei’s Death: He was killed at the outbreak of war following U.S. airstrikes on February 28th (01:41).

  "The 86 year old cleric was killed in the first moments of the war that started with U.S. airstrikes..."
  — Medal Rivera (01:41)

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5. Federal Holiday Logistics and Wall Street Update

• Independence Day Observed: Since July 4th falls on a Saturday, July 3rd serves as the federal holiday. Post offices open on the 3rd, closed on the 4th. Stock market is closed July 3rd, after a Dow surge (02:23).

• New ‘Trump Accounts’ for Children:

  • Launching July 4, 2026: $1,000 federal contribution to investment accounts for every child born 2025-2028.
  • Additional contributions allowed; funds locked until age 18 for education or home purchase (02:44).

  “The federal government will contribute $1,000. Individuals and corporations can also donate stock shares. Parents can create accounts by completing an IRS Form 4547.”
  — Tom Graham (02:44)

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6. Tech Policy: New York’s Groundbreaking AI Law

• New York Law on AI in Advertising: Starting today, all ads using AI-generated elements must disclose so, or face fines—$1,000 for first offense, $5,000 for each additional (03:25).

  • Governor Kathy Hochul: “In New York we are setting the rules of the road. Instead of letting AI run the show.” (Paraphrased by John Saucier, 03:25)

  “This comes months after Governor Kathy Hochul signed a law requiring the disclosure of synthetic performers in ads, which carries a $1,000 civil fine for first time offenders...”
  — John Saucier (03:25)

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7. World Cup Soccer Update

• Three Teams to Clinch Round of 16 Spots: More nations’ fates decided today. Spain, Portugal, and Switzerland advanced previously; matches coming include Australia v. Egypt, Argentina v. Cabo Verde, and Colombia v. Ghana.
  • Next U.S. match: Monday night vs. Belgium as America eyes a quarterfinals spot (03:55).

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Notable Quotes & Memorable Moments

• “Happy Fourth of July. I'm Dave Anthony, FOX news. They're just now celebrating that in two American territories, Guam and the Northern Mariana Islands, where it's midnight.”
  — Dave Anthony (00:03)

• “Heat's gonna take a toll on the equipment... and big time on people.”
  — Tanya J. Powers (00:49)

• “[T]he funeral of the late Supreme Leader Ayatollah Ali Khamenei is expected to last for several days as banners across Tehran urge the public to rise up in support of the Islamic Republic.”
  — Medal Rivera (01:41)

• “The federal government will contribute $1,000. Individuals and corporations can also donate stock shares.”
  — Tom Graham (02:44)

• “In New York we are setting the rules of the road. Instead of letting AI run the show.”
  — John Saucier, quoting Governor Hochul (03:25)

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Timestamps for Important Segments

• 00:03 — Fourth of July celebrations and Times Square ball drop details
• 00:22 — Heatwave coverage and event cancellations
• 01:01 — President Trump’s Fourth of July plans and Mount Rushmore fireworks
• 01:41 — Iran’s national mourning for Ayatollah Khamenei
• 02:23 — Holiday closures, stock market update
• 02:44 — Introduction of ‘Trump Accounts’ for children
• 03:25 — New York’s new law regulating AI-generated ads
• 03:55 — World Cup soccer update

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Summary prepared for listeners who missed the episode, with emphasis on timely national celebrations, policy shifts, and global updates.

Transcript

[Dave Anthony]

Happy Fourth of July. I'm Dave Anthony, FOX news. They're just now celebrating that in two American territories, Guam and the Northern Mariana Islands, where it's midnight. And in New York's Times Square, the ball that drops New Year's Eve just dropped. And will seven more times the New

[Tanya J. Powers]

York City drop at midnight eastern July

[Dave Anthony]

4, followed by drops for the other continental time zones, Alaska, Hawaii and American Samoa. But unlike New Year's Eve, there will not be a massive crowd in Times Square. Each ball drop can only be seen on broadcast TV and live stream. Fox's Grinnell Scott in New York, where it's scorching hot. The high could top 100 again, could hit 104 in Philadelphia and feel even hotter with the humidity. So they've canceled today's Independence Day parade.

[Tanya J. Powers]

It's really a shame because a lot of work goes into doing this and, and, but I understand the heat, heat's gonna, you know, take a toll on the equipment. It's gonna take a toll on the floats. It's gonna and big time on, on people.

[Dave Anthony]

This triple digit heat searing half the and alerts from Kansas to Illinois to Michigan to Ohio, North Carolina, all the way to Maine. President Trump vows despite that to deliver a long America 250 speech tomorrow in Washington. Today he celebrates at Mount Rushmore.

[Medal Rivera]

Besides the president's remarks, the evening will culminate with a fireworks display lighting up the skies over Keystone and Rapid City, South Dakota. The last time fireworks were seen over the site was in July 2020, and it stopped after concerns about the fireworks causing fires in the Black Hills. Interior Secretary Doug Burgum insists they have a plan in place to identify and put it out quickly if there is one.

[Dave Anthony]

Fox's medal in Rivera. They're planning to mourn for days.

[Medal Rivera]

In Iran, the funeral of the late Supreme Leader Ayatollah Ali Khamenei is expected to last for several days as banners across Tehran urge the public to rise up in support of the Islamic Republic. The 86 year old cleric was killed in the first moments of the war that started with U.S. airstrikes on February 28th.

[Dave Anthony]

Tanya J.

[Tanya J. Powers]

Powers, America's they say that every day your business is late to AI, you fall two days behind. NetSuite Next is where your business meets AI because AI is built into everything you do. If your revenues are at least in the seven figures, try NetSuite next for free. Go to NetSuite AI/Fox.

[Dave Anthony]

Well, even though this is the third of July, it's a federal holiday since the fourth is on a Saturday, though not everything is closed. Post offices remain open. They'll instead be shut on Independence Day itself tomorrow. On Wall street, there's no stock market trading the day after the Dow surged up almost 600 points to a new record high. And speaking of investments, so called Trump

[Tom Graham]

accounts will be available this July 4th for every child born starting in 2025 through 2028. The federal government will contribute $1,000. Individuals and corporations can also donate stock shares. Parents can create accounts by completing an IRS Form 4547. The funding and accrued over the years will not be accessible for children until they turn 18 and can only be withdrawn for expenses like paying for education or buying a home. Tom Graham, FOX News.

[Dave Anthony]

As AI continues to be integrated into just about everything, states keep trying to keep up with the fast growing technology with regulations.

[John Saucier]

New York is making history as a first of its kind law takes effect targeting advertisements that feature elements generated using artificial intelligence. This comes months after Governor Kathy Hochul signed a law requiring the disclosure of synthetic performers in ads, which carries a $1,000 civil fine for first time offenders. The Democratic governor telling the press that in New York we are setting the rules of the road. Instead of letting AI Run the show for repeat offenders, each additional offense will accrue a $5,000 penalty. John Saucier, FOX News.

[Dave Anthony]

Three more teams will clinch spots in the round of 16 at soccer's World cup and three more countries will be sent back home the day after. Spain, Portugal and Switz Australia will play Egypt. Then Lionel Messi and Argentina face Cabo Verde. Tonight, Colombia takes on Ghana. The next US Match is Monday night against Belgium, The American team trying to reach the quarterfinals. I'm Dave Anthony. This is fox.

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