Fox News Hourly Update – 10AM ET | August 1, 2025

Host: Dave Anthony
Produced by: FOX News Podcasts

1. Job Market Cools Down

Timestamp: [00:02 - 00:13]

Dave Anthony opens the broadcast by highlighting a significant slowdown in the job market over the past three months. Fox’s Ginny Casola provides detailed statistics:

• Unemployment Rate: Increased to 4.2% in July.
• Job Creation: Only 73,000 new positions created in July, falling short of the 110,000 economists had predicted.
• Revised Figures: June's job creation was downgraded from 147,000 to 14,000, and May saw 125,000 fewer jobs than initially reported.

Quote:
Dave Anthony: "The job market is cooled off big time."

2. Wall Street Experiences Major Sell-Off

Timestamp: [00:34 - 02:10]

The discussion shifts to Wall Street, where a substantial decline is observed across major indices:

• Dow Jones: Dropped 660 points, later updated to 790 points.
• Nasdaq: Fell 541 points.
• S&P 500: Experienced a 123-point drop.
• Oil Prices: Decreased by over $0.50, settling below $69 per barrel.
• Gas Prices: Increased slightly to an average of $3.15 per gallon.

The downturn follows July's gains, signaling investor concern. President Trump expresses frustration over the Federal Reserve’s refusal to lower interest rates.

Notable Quote:
Jason Chaffetz: "Raging this morning at Jerome Powell. 3 Truth Social posts already and one of them he's calling him Trump. Too late, pal. A stubborn moron."

Additional Commentary:
President Trump is unsatisfied with Federal Reserve Chair Jerome Powell’s decisions and is publicly demanding significant interest rate reductions. Chaffetz suggests that if Powell remains uncooperative, the Federal Reserve Board should take control.

3. President Trump Announces New Tariffs

Timestamp: [00:51 - 01:12]

In a move to bolster the U.S. economy, President Trump announces new tariffs on imports from multiple countries effective next Thursday. Fox's Peter Doocy reports from the White House.

• Tariff Details:
  • 10% Tariff: Imposed on countries with a surplus of U.S. goods.
  • 15% Tariff: Applied to countries with a small trade deficit.
  • Variable Tariffs: For countries with larger deficits, rates will be determined through agreements or official letters.

Quote:
Dana Perino: "Countries with a surplus of U.S. goods see a 10% tariff. Those with a small deficit see a 15% rate."

4. Update on Gaza and Food Distribution Efforts

Timestamp: [01:26 - 01:58]

Fox’s Madeleine Rivera reports on the international efforts in Gaza amid rising concerns over food scarcity among Palestinians. US Special Envoy Steve Witkoff and Ambassador to Israel Mike Huckabee visited the region.

• Ambassador Huckabee’s Insights:
  • Criticizes the UN for ineffective food distribution.
  • Claims that Hamas is stealing approximately 80% of the food aid intended for Palestinians.
  • Contrarily, he defends the GHF food program, stating that over 100 million meals have been served in two months.

Quotes:
Mike Huckabee: "Been stealing about 80% of the food. Some say even more than that."
Mike Huckabee: "The GHF food program is working. It's working very well."

5. Rise in Vaccine Exemptions Among Children

Timestamp: [02:10 - 03:21]

Tom Graham reports a troubling trend in childhood vaccinations:

• Decline in Vaccinations: Fewer kindergartners are receiving required vaccine shots.
• Increase in Exemptions: The exemption rate rose to 4.1%, up from 3.7% the previous year.
• Trend: Third consecutive record-breaking year for exemptions, primarily due to parents opting out for non-medical reasons.
• Current Requirements: All states mandate vaccinations for diseases like measles, mumps, polio, tetanus, whooping cough, and chickenpox for school attendance.

Quote:
Tom Graham: "The fraction of kids exempted from vaccine requirements rose to 4.1%, up from 3.7% the previous year."

6. Severe Weather Causes Devastation in the Northeast and Georgia

Timestamp: [03:21 - 04:13]

Dave Anthony updates listeners on the severe weather impacting the Northeast and Georgia:

• Northeast Flash Floods:

  • Tragic loss of life, including a 13-year-old boy in Mount Airy, Maryland.
  • Widespread flooding led to water rescues, submerged subway stations, and delayed commuter rail services in cities like New York.
  • Airports from Philadelphia to Boston experienced multiple flight cancellations and delays.
  • Amtrak halted operations on portions of the Northeast Corridor due to submerged tracks.
  • New Jersey: Acting Governor Tahisha Way declared a state of emergency amidst road flooding and power outages.
  • This storm follows recent flooding events in New Jersey and New York City that resulted in fatalities.

• Georgia Impact:

  • Over 400 flights to and from Atlanta have been canceled or delayed due to severe weather conditions.

Quote:
Tanya J. Powers: "Severe weather along the east coast brought dangerous flash flooding from Maryland to New York City..."

7. Closing Remarks

Dave Anthony wraps up the update, reinforcing the breadth of coverage provided. Additionally, Jason Chaffetz promotes his podcast, inviting listeners to delve deeper into political discussions.

Final Note:
Listeners are encouraged to stay informed by following updates at foxnewspodcast.com.

This comprehensive summary encapsulates the key discussions and insights from the Fox News Hourly Update aired on August 1, 2025, providing listeners with a clear overview of the job market trends, economic fluctuations, political developments, humanitarian efforts, public health concerns, and severe weather impacts across the United States.