10AM ET 07/16/2025 Newscast

Summary

Fox News Hourly Update: Detailed Summary Episode: 10AM ET 07/16/2025 Newscast Release Date: July 16, 2025 Host: Dave Anthony, Fox News Radio

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Senate Approves $9 Billion Rescissions Package

At the onset of the newscast, the Senate faced a pivotal vote on an advanced rescissions package aimed at reclaiming over $9 billion in previously allocated federal funds. The vote resulted in a perfect 50-50 split, with Vice President Vance casting the decisive affirmative vote, thereby securing the motion [00:02 - 00:12].

Dave Anthony reported, “This is the first time Congress has voted to approve doge. This trims money from foreign aid programs and the Corporation for Public Broadcasting” [00:28].

However, the package faced opposition from Senator Lisa Murkowski, who stated, “If you don't like what's going on within NPR, you think that there's too much bias there. We can address that, but you don't need to gut the entire Corporation for Public Broadcasting” [00:40]. Her dissent, along with two other Republicans’ "no" votes, led to Vice President Vance's critical tiebreaker [00:53]. Democrats criticized the move as an example of “the Trump administration seizing too much power” [00:56 - 00:58].

Cryptocurrency Legislation Faces Mixed Reactions

The House is actively considering new legislation targeting cryptocurrency, specifically focusing on regulations for stablecoins tied to the US Dollar. President Trump has expressed support for the legislation and engaged with conservatives who were initially opposed [01:00].

GOP Congressman Ralph Norman commented, “Business he worked through the why of it and now I think the 12 that were against it will vote for it and we'll pass it this morning” [01:13]. Despite Republican optimism, some Democrats voiced concerns that the legislation might pave the way for increased crypto scams [01:20 - 01:23].

Economic Indicators Show Mixed Results

An inflation update revealed no increase at the wholesale level last month. Contrary to consumer prices, which saw a rise, the Producer Price Index (PPI) indicated that the annual wholesale inflation rate declined to 2.3% [01:23]. Additionally, the number of illegal border crossings reached a new record low last month, attributed to stricter enforcement measures leading to more individuals being removed illegally [01:37 - 01:38].

Dave Anthony highlighted, “Again last month to a new record” [01:37], followed by reports of deportations to Eswatini (formerly Swaziland), where five immigrant detainees from various countries were sent [01:41].

Market and Energy Updates

The stock market presented a mixed picture this morning. The Dow Jones Industrial Average was up by 49 points, while the Nasdaq dipped 30 points from yesterday’s record high, and the S&P 500 declined by approximately 1 point [02:16 - 02:28]. In the energy sector, the price of oil decreased by nearly $1, falling below $66 per barrel, although gas prices experienced a slight uptick [02:28 - 02:33]. The AAA’s national average for regular gasoline remained steady at $3.16, unchanged from the previous week [02:33 - 02:38].

Top Economic Hubs Identified

A new report from LendingTree highlighted the best places to live economically in the United States. Jessica Rosenthal detailed that eight of the ten largest boom towns are situated in the South, with Texas and Florida taking the lead [02:38 - 03:23]. The top-ranking city is Austin, Texas, followed by Orlando and North Port in Florida, Nashville, Tennessee, and Cape Coral, Florida. The western entries include Colorado Springs and Denver in Colorado, along with Lakeland and Deltona, Florida, and Charleston, South Carolina. Furthermore, the CNBC annual list of best states to do business placed North Carolina first, followed by Texas and Florida [03:23].

President Trump Addresses Jeffrey Epstein Investigation

In a direct message to conservatives seeking more transparency on the Jeffrey Epstein investigation, President Trump took to Truth Social to dismiss the inquiries as a “hoax,” asserting, “their weaklings being conned by Democrats buying into a hoax, hook, line and sinker” [03:27 - 03:35]. Dave Anthony echoed this sentiment, noting Trump’s refusal for continued support and labeling the investigation as another fraud. The President demanded that the Justice Department release the Epstein files, challenging the DOJ’s stance that Epstein’s death was a suicide and referencing doubts about Epstein’s lack of a client list despite DOJ claims [03:39 - 03:53].

Sports Highlight: All-Star Baseball Game

The Baseball All-Star Game in Atlanta concluded with a historic tie after six and nine innings respectively, leading to the introduction of the Home Run Derby for the first time in the game's swing phase [03:53 - 03:58]. Kyle Schwarber made a significant impact by hitting three home runs, enabling the National League to secure a victory over the American League [03:58].

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Closing Remarks The episode concluded with promotional segments for other Fox News programming, including Will Kane's show and Unsolved with James Patterson, inviting listeners to engage with exclusive content across various platforms [04:11 - 04:13].

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This comprehensive summary encapsulates the key discussions and insights presented in the Fox News Hourly Update on July 16, 2025, providing listeners with a detailed overview of the day's significant political, economic, and social topics.

Transcript

[Unknown Anchor]

Vice President Vance may be needed at the Senate again tonight.

[Dave Anthony]

I'm Dave Anthony, FOX News, to do.

[Unknown Anchor]

The same thing he did last night on this vote.

[Senate Clerk]

The A's are 50 and the nays are 50, the Senate being equally divided. The vice president votes in the affirmative and the motion is agreed to.

[Dave Anthony]

Now that advanced what's called a rescissions package to claw back more than $9 billion in already appropriated federal funding. A final vote could come later today.

[Political Analyst]

This is the first time Congress has voted to approve doge. This trims money from foreign aid programs and the Corporation for Public Broadcasting. But Lisa Murkowski opposes the cuts.

[Lisa Murkowski]

If you don't like what's going on within npr, you think that there's too much bias there. We can address that. We can address that, but you don't need to gut the entire Corporation for Public Broadcasting.

[Dave Anthony]

She and two other Republicans voted no, leading to Vice President Vance's tiebreaker.

[Unknown Anchor]

Democrats say this is another example of.

[Dave Anthony]

The Trump administration seizing too much power.

[Unknown Anchor]

The House is considering cryptocurrency legislation, including regulations on what are called stablecoins tied to the value of the US Dollar. President Trump supports it and talked to a group of conservatives who were opposed. But GOP Congressman Ralph Norman tells FOX.

[Ralph Norman]

Business he worked through the why of it and now I think the 12 that were against it will vote for it and we'll pass it this morning.

[Dave Anthony]

Some Democrats worry the legislation could lead to more crypto scams.

[Unknown Anchor]

We have a new inflation update showing no increase at the wholesale level last month. And unlike consumer prices, which rose last month, the producer price index showed an annual wholesale inflation inflation rate declined down to 2.3%. The number of illegal border crossings dropped.

[Dave Anthony]

Again last month to a new record.

[Unknown Anchor]

Low as more here illegally are kicked out.

[Lillian Wu]

Five immigrant detainees from Vietnam, Laos, Jamaica, Cuba and Yemen have been sent to the southern African kingdom of Eswatini, formerly named Swaziland. The Trump administration describing the deportees as criminal illegal aliens.

[Dave Anthony]

That's Lillian Wu. America's listening to FOX news.

[Will Kane]

It's the Will Kane Show. Watch it live at noon Eastern Monday through Thursday on foxnews.com or on the Fox News YouTube channel. And don't miss a show. Get the podcast five days a week at foxnewspodcasts.com or wherever you download your favorite podcasts.

[Unknown Anchor]

Stocks are mixed this morning. The dow is up 49 points, but.

[Dave Anthony]

The Nasdaq is down 30 from yesterday's record high close the S&P 500 losing about 1 point.

[Unknown Anchor]

Price of oil is down almost a dollar. It's back under 66 bucks a barrel. But gas is up a penny.

[Dave Anthony]

AAA's national average for regular $3.16. That's the same price as a week ago.

[Unknown Anchor]

There's a new report on the best places to live economically.

[Jessica Rosenthal]

Eight of America's ten biggest boom towns are in the south, with Texas and Florida leading the LendingTree list. The company took things like median earnings, population, active workforce and gross domestic product changes from 2021 through 2023 into account. They found the top spot goes to Austin, Texas, followed by Orlando, Florida, North Port, Florida, Nashville, Tennessee, then Cape Coral, Florida. But part of the rest of the list heads west with Colorado Springs and Denver in the top 10, along with Lakeland and Deltona, Florida and Charleston, South Carolina. The CNBC annual list of best states to do business in just ranked Florida as third, Texas as second, North Carolina as first. Jessica Rosenthal, FOX News President Trump has.

[Unknown Anchor]

A new message to conservatives who keep.

[Dave Anthony]

Demanding more information on the Jeffrey Epstein investigation.

[Unknown Anchor]

The president just posted on Truth social media their weaklings being conned by Democrats buying into a hoax, hook, line and sinker, adding he doesn't want their support.

[Dave Anthony]

Anymore, calling it another hoax as many.

[Unknown Anchor]

Republicans want the Justice Department to release.

[Dave Anthony]

The Epstein files, not believing a DOJ.

[Unknown Anchor]

Conclusion there was no foul play in.

[Dave Anthony]

Epstein's death, that it was a suicide in jail as he awaited trial on charges of sex trafficking teenage girls. They also doubt Epstein did not have a client list, which the DOJ says of high profile people.

[Unknown Anchor]

Baseball's all star game in Atlanta, historic. Tied after 6, 9 innings. 6.

[Unknown Sports Commentator]

6.

[Unknown Anchor]

And went to a home run derby for the first time ever in the swing. And Kyle Schwarber's three home runs powered the National League to a win over the AL on fox.

[Dave Anthony]

I'm Dave Anthony.

[Unknown Anchor]

This is FOX News.

[Will Kane]

FOX News Audio presents Unsolved with James Patterson. Every crime tells a story, but some stories are left unfinished. Somebody knows real cases, real people listen and follow. Now@FoxTrueCrime.