10AM ET 07/29/2025 Newscast

Summary

Fox News Hourly Update - 10AM ET, July 29, 2025

The latest episode of the "Fox News Hourly Update" delivered a comprehensive roundup of national tragedies, political developments, international conflicts, economic news, and local initiatives. Hosted by Dave Anthony, the episode provided in-depth coverage with insights from various experts and officials. Below is a detailed summary of the key topics discussed:

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1. Tragedy Strikes New York City

The episode opened with heartbreaking news from New York City, where a tragic shooting resulted in the death of a police officer and three others.

• Incident Overview:

  • Dave Anthony reported, “He had two children and his wife is pregnant” (00:02), referring to the slain off-duty police officer.
  • The shooter, Shane Tamura, traveled across the country to execute his attack in an office building on Park Avenue.

• Official Response:

  • Mayor Eric Adams assured residents, stating, “And the city is going to be here to ensure they get the support that they deserve at this very difficult time” (00:14).

• Community Reaction:

  • Jonathan Savage highlighted the shock among local residents, noting, “It's a shock to find out that all this is going on. It's not something you really expect to see” (00:36).

• Shooter’s Background:

  • Authorities revealed that Tamura suffered from mental health issues and held a concealed carry permit (00:42).
  • Dave Anthony further disclosed, “He left a suicide note claiming he had CTE from football brain injuries. He never played in the NFL, but the league has offices in the building that got shot up” (00:48).
  • An NFL executive was among the wounded during the attack.

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2. National Leadership and Ongoing Conflicts

The update transitioned to national leadership and the current geopolitical climate.

• President Trump’s Activities:

  • Dave Anthony mentioned, “President Trump is finishing up a round of golf in his new [location] in Scotland and then he'll head home, ending a five-day trip going back to Washington” (00:48).
  • Highlighting the President’s priorities, Eric Adams was quoted saying, “That's much more important than playing golf. As much as I like it, it's much more important” (01:10).

• Russia-Ukraine Conflict:

  • Dave Anthony reported, “The day after he shortened the deadline for Russia to stop the war in Ukraine or face new sanctions. Russian attacks killed at least 22 Ukrainians” (01:15).

• Israeli-Gaza Tensions:

  • The situation in Gaza remains tense with Israeli strikes targeting Hamas, resulting in at least 70 deaths, including those seeking food aid.
  • An unnamed analyst provided a cautiously optimistic outlook, stating, “Worst case scenario of famine is currently out, says the Integrated Food Security Phase Classification, or IPC” (01:32).
  • Efforts to alleviate the crisis include Israel’s announcement of new measures to increase food supply, with “260 trucks carrying aid able to get in yesterday” (01:32).

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3. Economic News and Major Business Deals

The episode delved into significant economic developments, including stock market movements and major corporate mergers.

• Stock Market Update:

  • Dave Anthony provided a snapshot of Wall Street’s performance, noting, “The Nasdaq is adding 49 points, going to a new all-time high today. The S&P 500 is a 10-point rise to its record close yesterday. But the Dow is down 14 points” (02:29).
  • The fluctuations come amidst a two-day Federal Reserve meeting assessing the economy and inflation, with considerations of a possible interest rate cut.

• Union Pacific's Landmark Merger:

  • Ginny Coselda detailed the monumental $85 billion acquisition of Norfolk Southern by Union Pacific (02:54).
  • If approved by regulators, this merger will create America's first transcontinental railroad, seamlessly connecting over 50,000 route miles across 43 states from coast to coast.
  • The combined network will link approximately 100 ports, enhancing connectivity across North America.
  • A joint statement emphasized the commitment to supporting union employees, ensuring that every union member who desires employment in the merged company will be accommodated.

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4. Local Initiatives: Pittsburgh’s Medical Debt Forgiveness

Highlighting a positive local development, the episode covered Pittsburgh’s initiative to alleviate medical debt for its residents.

• Medical Debt Relief Program:
  • Chris Foster reported, “More than 43,000 people in Pittsburgh will be getting notices that past medical debt is forgiven, more than $58 million worth total” (03:44).
  • This initiative is a partnership between the city and the nonprofit Undue Medical Debt.
  • The program targets Pittsburgh residents with a household income between 0% and 400% of the federal poverty level or those with medical debt constituting 5% or more of their annual income.
  • Notably, there is no need for residents to apply; qualifying individuals will automatically receive letters starting the week of the broadcast.

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5. Energy Market Updates

Concluding with updates on energy markets, the episode provided insights into oil and gas prices.

• Oil Prices Surge:

  • Dave Anthony noted, “Price of oil is up more than a half dollar back over 67 bucks a barrel” (04:19).

• Gas Prices:

  • Conversely, gas prices saw a slight dip, with Dave Anthony stating, “Gas, though, down a penny, triple A national average for regular now 3.13 a gallon” (04:19).

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The "Fox News Hourly Update" thus presented a well-rounded analysis of current events, blending local tragedies with global issues, economic news, and positive community initiatives. For listeners seeking a concise yet comprehensive overview of the day's most pressing topics, this episode delivered valuable insights and updates.

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Timestamps Reference:

• 00:02 - Dave Anthony introduces the NYC shooting
• 00:14 - Eric Adams on support for victims
• 00:19 - Details on shooter Shane Tamura
• 00:28 - Jonathan Savage on community reaction
• 00:36 - Shock expressed by Jonathan Savage
• 00:42 - Mental health background of shooter
• 00:48 - Suicide note and NFL connection
• 01:10 - Eric Adams on President Trump's priorities
• 01:15 - Russia-Ukraine conflict updates
• 01:32 - Analyst on Gaza famine situation
• 02:29 - Wall Street performance
• 02:54 - Union Pacific’s merger with Norfolk Southern
• 03:44 - Pittsburgh’s medical debt forgiveness program
• 04:19 - Oil and gas price changes

Transcript

[Dave Anthony]

He had two children and his wife is pregnant. I'm Dave Anthony, FOX News. The New York City police officer killed in last night's shooting spree in an office building where he was off duty working security.

[Eric Adams]

And the city is going to be here to ensure they get the support that they deserve at this very difficult time.

[Dave Anthony]

That's Mayor Eric Adams. Three others were murdered by the gunman who then killed himself, Shane Tamura, who drove across the country to carry out his attack. Police in Las Vegas now at his.

[Jonathan Savage]

House investigating residents living near the home who heard about the deadly Manhattan incident reacted to the sudden police presence in their neighborhood.

[Dave Anthony]

It's a shock to find out that all this is going on. It's not something you really expect to see.

[Jonathan Savage]

New York authorities say Tamura suffered from mental issues but did have a concealed carry permit.

[Dave Anthony]

In Nevada, fox's Grand All Scott tomorrow did leave a suicide note claiming he had CTE from football brain injuries. He never played in the NFL, but the league has offices in the building that got shot up on Park Avenue in Manhattan. An NFL executive was wounded. President Trump is finishing up a round of golf in his new in Scotland and then he'll head home, ending a five day trip going back to Washington. The president says he has to deal with world conflicts.

[Eric Adams]

That's much more important than playing golf. As much as I like it, it's much more important.

[Dave Anthony]

The day after he shortened the deadline for Russia to stop the war in Ukraine or face new sanctions. Russian attacks killed at least 22 Ukrainians while in Gaza. Israeli strikes targeting Hamas have killed at least 70 people. Some of them were attempting to get food aid that's being shipped in the.

[Unnamed Analyst]

Worst case scenario of famine is currently out, says the Integrated Food Security Phase classification, or ipc. It's issued an alert warning that things have dramatically worsened in Gaza. Israel's announced new measures aimed at getting more food into the territory, saying that yesterday 260 trucks carrying aid were able to get in.

[Dave Anthony]

That's Fox's Jonathan Savage. America's listening to Fox News.

[Ryan Reynolds]

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[Ryan Reynolds]

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[Unnamed Advertiser]

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[Dave Anthony]

Com. Well, it's another record morning on Wall Street. The Nasdaq is adding 49 points, going to a new all time high today. The S&P 500 is a 10 point rise to its record close yesterday. But the dow is down 14 points as a two day Federal Reserve meeting takes place to assess the economy and inflation. Considering a possible interest rate cut. A big merger is coming down the tracks.

[Ginny Coselda]

Union Pacific is buying Norfolk Southern in an $85 billion deal. If the deal is approved by regulators, It America's first transcontinental railroad, combining Union Pacific's dominance of the Western U.S. with Norfolk's network of 22 Eastern states. A joint statement says the legendary companies will seamlessly connect more than 50,000 route miles across 43 states from the east coast to the west coast, linking approximately 100 ports and nearly every corner of North America. The deal also requires support from labor unions. It says both railroads envision every union employee who wants a job in the combined company will have one. Ginny Coselda, FOX news.

[Dave Anthony]

Now to another deal that'll make a lot of people happy in Pennsylvania.

[Chris Foster]

More than 43,000 people in Pittsburgh will be getting notices that past medical debt is forgiven, more than $58 million worth total. It's through a partnership between the city and the nonprofit Undue Medical Debt. Legislation passed in 2023 authorized the contract. The debt forgiveness is for Pittsburgh residents who have a household income between 0% and 400% of the federal poverty level or have medical debt that equals 5% or more of their annual income. There's no application or request for relief. Everyone who qualifies should automatically get letters from Undue medical debt starting this week. Chris Foster, FOX news.

[Dave Anthony]

Price of oil is up more than a half dollar back over 67 bucks a barrel. Gas, though, down a penny, triple a national average for regular now 313A gallon. I'm Dave Anthony and this is Fox News.

[Ryan Reynolds]

This is Jason Chaffetz from the Jason in the House podcast. Join me to dive deeper into the latest political headlines and chat with remarkable guests. Listen and follow [e-mail] or wherever you download podcasts.