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