10AM ET 07/31/2025 Newscast

Summary

Fox News Hourly Update: Detailed Summary of July 31, 2025, 10AM ET Newscast

Released on July 31, 2025

The Fox News Hourly Update on July 31, 2025, delivered a comprehensive overview of the day's most pressing news stories. Hosted by Dave Anthony and featuring reports from journalists Alexis McAdams, Brooke Taylor, Lauren Simon, Jenny Coselda, Tonya J. Powers, and James Patterson, the episode covered a range of topics from tragic events and political developments to economic indicators and educational contracts. Below is a detailed summary of the key discussions, insights, and conclusions presented during the broadcast.

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1. Tragic Events: Officer Islam's Murder and the Gunman

The newscast opened with the heartbreaking news of the murder of an off-duty New York City police officer, Islam, during a shooting spree in Manhattan.

• Dave Anthony reported:
  "Paying their last respects. I'm Dave Anthony. FOX News to Diderot Islam, the off-duty New York City police officer murdered while working security at a high-rise building in Manhattan Monday in a gun and shooting spree that left three others dead." (00:03)

• Alexis McAdams added details about the victim's personal life and the circumstances surrounding the gunman's actions:
  "The 36-year-old leaves behind two young kids and a pregnant wife." (00:16)
  "As for the gunman, Shane Tamuru, who killed himself, he drove from Las Vegas to carry out the attack." (00:20)

Further investigation revealed that the gunman, Shane Tamuru, acquired his weapon from his work supervisor in Nevada:

• Alexis McAdams stated:
  "Police tell us he bought that murder weapon from his work supervisor in Nevada. So he worked out at a casino in the area. This was his manager. He gave this guy $1400 just to get the rifle. We're told that person is being questioned in Las Vegas but is cooperating." (00:31)

2. Arkansas Schoolteacher Arrested for Murder

The program continued with news of a schoolteacher arrested for a double homicide in Arkansas.

• Dave Anthony announced:
  "A schoolteacher is now an accused killer in Arkansas. James McGahn arrested while getting a haircut. Charged with murdering a married couple on a hiking trail in a state park Saturday." (00:46)

• Brooke Taylor provided further context and details about the victims and survivors:
  "The couple who recently moved to Arkansas was with their two daughters, just 7 and 9 years old. Those little girls are thankfully safe. They are with family members. While police have not said how they managed to escape, the family released a statement saying that Clinton and Kristen died heroes protecting their little girl." (00:55)

3. Political and Economic Updates

a. Tariff Authority Challenge Against President Trump

An important legal development was discussed regarding President Trump's authority to impose tariffs.

• Dave Anthony highlighted:
  "An appeals court's about to start a hearing challenging President Trump's authority to impose tariffs filed by some import businesses in 12 Democrat-led states the day before new tariffs go into effect on imports from countries worldwide." (01:14)

Additionally, international trade developments were mentioned:

• Dave Anthony continued:
  "South Korea has just worked out a trade deal with the US, lowering a threatened 25% tariff to 15%." (01:14)

b. Inflation Report: Personal Consumption Expenditures

Economic indicators were addressed, focusing on inflation trends.

• Lauren Simon reported:
  "Personal consumption expenditures rising for the second month, 2.6%. The expectation was 2.5% on an annual basis month over month. It came in as expected, hotter than May, 0.3%." (01:36)
  "Called personal consumption expenditures rising for the second month, 2.6%. The expectation was 2.5% on an annual basis month over month. It came in as expected, hotter than May, 0.3%." (01:36)

c. President Trump's Reaction to Federal Reserve Decisions

The newscast covered President Trump's response to the Federal Reserve's interest rate policies.

• Dave Anthony relayed Trump's reaction:
  "The day after the Fed did not cut interest likes like President Trump wanted, he posted on Truth Social, 'Chairman Jerome Powell is a total loser. America's listening to Fox.'" (01:51)

4. Wall Street: Record Highs Amid Economic Updates

The economic segment continued with an analysis of the stock market's performance.

• Dave Anthony reported:
  "It's another record morning on Wall Street. The Nasdaq is surging up 271 points to an all-time high. The S&P 500 also hitting a record. It's gaining 53 points. The Dow is rising 145 points now." (02:21)

5. Job Market: Steady Claims and Rising Job Cuts

Insights into the labor market were provided, detailing unemployment claims and job cuts.

• Jenny Coselda explained:
  "Jobless claims remained roughly steady in the week ending July 26th. The number of people filing for unemployment benefits rose by 1,000 to 218,000. It's fewer than those remaining on benefits. Continuing claims held at 1.9 million, though the job market appears to be holding up." (02:50)

• Jenny Coselda further discussed job cuts:
  "Outplacement firm Challenger, Gray and Christmas has announced job cuts rose 29% in July, topping 62,000. Challenger says technology is leading in job cuts this year. Federal doge cuts, which impact nonprofits and health care, are contributing. Artificial intelligence was cited in more than 10,000 cuts last month." (02:50)

• Dave Anthony added:
  "Tomorrow we'll get the monthly jobs report expected to show less hiring in July than in June." (03:33)

6. Higher Education and Federal Funding: Brown University's Agreement

The episode covered a significant development in higher education, focusing on Brown University's agreement with the Trump administration.

• Tonya J. Powers reported:
  "Brown University has agreed to pay $50 million to Rhode Island workforce development organizations as part of a deal with the Trump administration that ends investigations into alleged discrimination and restores dozens of suspended research grants and contracts. The deal means Brown will adopt the government's definition of male and female and is banned from using any consideration of race in the admissions process. It ends three federal investigations involving allegations of anti-Semitism and racial bias in Brown admissions with no finding of wrongdoing. The agreement also includes a clause saying that the government cannot dictate curriculum or the content of academic speech at Brown." (03:42)

7. Energy Sector: Oil and Gas Prices Update

The final segment before transitioning to other content focused on energy prices.

• Dave Anthony stated:
  "The price of oil is down a half dollar this morning, but at the gas pump, AAA's national average for regular remains $3.14 a gallon." (04:21)

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Conclusion

The Fox News Hourly Update provided listeners with a thorough overview of significant events and developments across various sectors. From the tragic loss of Officer Islam and the arrest of a schoolteacher in Arkansas to pivotal economic indicators and legal challenges against presidential authority, the broadcast ensured a comprehensive coverage of the day's news. The detailed reports on Wall Street's performance, the state of the job market, higher education agreements, and energy prices further enriched the broadcast, delivering essential information to listeners seeking to stay informed.

Notably, quotes such as Alex McAdams' report on the gunman's acquisition of the weapon (00:31) and President Trump's critical comments on the Federal Reserve's Chairman (01:51) highlighted the personal and political dimensions of the stories covered.

For those who missed the episode, this summary encapsulates the critical discussions and insights presented during the Fox News Hourly Update, ensuring a clear understanding of the key issues shaping the day.

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End of Summary

Transcript

[Dave Anthony]

Paying their last respects. I'm Dave Anthony. FOX News To Diderot Islam, the off duty New York City police officer murdered while working security at a high rise building in Manhattan Monday in a gun and shooting spree that left three others dead.

[Alexis McAdams]

The 36 year old leaves behind two young kids and a pregnant wife.

[Dave Anthony]

Fox's Alexis McAdams outside a mosque in the Bronx where funeral services for Officer Islam are underway. As for the gunman, Shane Tamuru, who killed himself, he drove from Las Vegas to carry out the attack.

[Alexis McAdams]

Police tell us he bought that murder weapon from his work supervisor in Nevada. So he worked out at a casino in the area. This was his manager. He gave this guy $1400 just to get the rifle. We're told that person is being questioned in Las Vegas but is cooperating.

[Dave Anthony]

A schoolteacher is now an accused killer in Arkansas. James McGahn arrested while getting a haircut. Charged with murdering a married couple on a hiking trail in a state park Saturday.

[Brooke Taylor]

The couple who recently moved to Arkansas was with their two daughters, just 7 and 9 old. Those little girls are thankfully safe. They are with family members. While police have not said how they managed to escape, the family released a statement saying that Clinton and Kristen died heroes protecting their little girl.

[Dave Anthony]

That's fox's Brooke Taylor. And appeals court's about to start. A hearing challenging President Trump's authority to impose tariffs filed by some Import Businesses in 12 Democrat led states the day before new tariffs go into effect on imports from countries worldwide. South Korea has just worked out a trade deal with the US lowering a threatened 25% tariff to 15. Another inflation up update just out shows another rise. The gauge the Federal Reserve monitors closest.

[Lauren Simon]

Called personal consumption expenditures rising for the second month, 2.6%. The expectation was 2.5% on an annual basis month over month. It came in as expected, hotter than May, 0.3%.

[Dave Anthony]

Fox Business Network's Lauren Simon. The day after the Fed did not cut interest likes like President Trump wanted, he posted on Truth Social Chairman Jerome Powell is a total loser. America's listening to Fox.

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[Dave Anthony]

It'S another record morning on Wall Street. The Nasdaq is surging up 271 points to an all time high. The S&P 500 also hitting a record. It's gaining 53 points. The Dow is rising 145 now. Inflation isn't the only update to the economy that we got this morning.

[Jenny Coselda]

Jobless claims remained roughly steady in the week ending July 26th. The number of people filing for unemployment Benefits rose by 1,000 to 218,000. It's fewer than those remaining on benefits. Continuing claims held at 1.9 million, though the job market appears to be holding up. Outplacement firm Challenger, Gray and Christmas has announced job cuts rose 29% in July, topping 62,000. Challenger says technology is leading in job cuts this year. Federal doge cuts, which impact nonprofits and health care, are contributing. Artificial intelligence was cited in more than 10,000 cuts last month. Jenny Coselda, FOX News.

[Dave Anthony]

Tomorrow we'll get the monthly jobs report expected to show less hiring in July than in June. Another university has worked out a deal to get federal funding unfrozen.

[Tonya J. Powers]

Brown University has agreed to pay $50 million to Rhode island workforce development organizations as part of a deal with the Trump administration that ends investigations into alleged discrimination and restores dozens of suspended research grants and contracts. The deal means Brown will adopt the government's definition of male and female and is banned from using any consideration of race in the admissions process. It ends three federal investigations involving allegations of anti Semitism and racial bias in Brown admissions with no finding of wrongdoing. The agreement also includes a clause saying that the government cannot dictate curriculum or the content of academic speech at Brown. Tonya J. Powers, FOX NEWS.

[Dave Anthony]

The price of oil is down a half dollar this morning, but at the gas pump, AAA's national average for regular remains $3.14 a gallon. I'm Dav Fox, Fox News Audio presents.

[James Patterson]

Unsolved with James Patterson. Every crime tells a story, but some stories are left unfinished. Somebody knows real cases, real people listen and follow [e-mail].