10AM ET 08/01/2025 Newscast

Summary

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

Host: Dave Anthony
Produced by: FOX News Podcasts

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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."

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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.

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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."

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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."

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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."

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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..."

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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.

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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.

Transcript

[Dave Anthony]

The job market is cooled off big time. I'm Dave Anthony, FOX News. There's been a lot less hiring the last three months. Fox's Ginny Casola has the numbers this morning.

[Ginny Casola]

The unemployment rate rose to 4.2% in July and job creation was much weaker than expected. There were only 73,000 new positions created last month. Economists were estimating 110,000. And June's job creation which had been reported at 147,000 positions, has been revised down to just 14,000.

[Dave Anthony]

And May's hiring was also review vised way lower, 125,000 fewer jobs than initially reported. And on Wall street, there is a big sell off. The Dow is dropping 660 points and President Trump is angry, continuing to demand the Federal Reserve slash interest rates substantially. He's upset the Fed chairs refused to do so.

[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. If he continues to refuse, the board should assume control.

[Dave Anthony]

Fox's Peter Doocy at the White House. The president also posted that tariffs are bringing billions of dollars into the US New charges on imports from dozens of countries will go into effect next Thursday.

[Dana Perino]

Countries with a surplus of U.S. goods see a 10% tariff. Those with a small deficit see a 15% rate. And then there's that third bucket of larger deficit countries. Their rates will be determined by a deal with or a letter.

[Dave Anthony]

Fox's Madeleine Rivera, US Special envoy Steve Witkoff and ambassador to Israel Mike Huckabee went to Gaza today amid an international outcry over starving Palestinians. But Huckabee just told the Brian Kilmeade radio show the UN has done a bad job distributing food and Hamas has.

[Mike Huckabee]

Been stealing about 80% of the food. Some say even more than that.

[Dave Anthony]

The ambassador says they visited u S backed food distribution sites.

[Mike Huckabee]

The GHF food program is working. It's working very well. In fact, today we passed over 100 million meals having been served in two months.

[Dave Anthony]

America's listening to FOX News.

[Dana Perino]

I'm Dana Perino. This week on Perino on politics I am joined by a great friend of mine, democratic strategist and senior vice president at the Messina Group. His name is Ty Matzdorf.

[Dave Anthony]

Listen and follow now@fox newspodcast.com well we mentioned a moment ago that sell off on Wall street it is getting worse. To start the new month, the dow is down 790 points. The the Nasdaq is falling 541 a 123 point drop for the S&P 500 following gains for all three indexes in July. The price of oil that's down this morning more than a half dollar, back under 69 bucks a barrel. Gas is up a penny. AAA's national average for regulars now $3.15 per gallon. Fewer children are getting vaccine shots.

[Tom Graham]

The number of American kindergartners getting vaccinations declined again last year, while the share of children with exemptions were rose to an all time high. That's according to newly released numbers from the Centers for Disease Control and Prevention. The fraction of kids exempted from vaccine requirements rose to 4.1%, up from 3.7 the previous year. It's the third record breaking year in a row for exemptions, with the majority of parents withholding shots for non medical reasons. All states require children attending school to be vaccinated against diseases such as measles, mumps, polio, tetanus, whooping cough and chicken box. Tom Graham, FOX NEWS Some parts of.

[Dave Anthony]

The Northeast are cleaning up after flash floods that turned deadly. In Maryland, a 13 year old boy was killed, swept into a storm drained by rushing water in Mount Airy.

[Tanya J. Powers]

Severe weather along the east coast brought dangerous flash flooding from Maryland to New York City, which saw water rescues flooded subway stations and delayed commuter rail lines. Flights were canceled and delayed at airports across the Northeast from Philadelphia to Boston. And Amtrak stopped trains on parts of its Northeast Corridor line due to water over the tracks. New Jersey's acting governor Tahisha Way declared a state of emergency as roads flooded and power outages were reported. The storms came two weeks after flooding in New Jersey killed two people when a vehicle was swept into raging water in New York City. Tanya J.

[Dave Anthony]

Powers, FOX NEWS there's also severe weather this morning in Georgia, so more than 400 flights to and from Atlanta have been canceled or delayed. I'm Dave Anthony and this is FOX News.

[Jason Chaffetz]

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