10AM ET 10/01/2025 Newscast

Summary

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Fox News Hourly Update – 10AM ET 10/01/2025 Newscast

Main Theme

This episode centers on the breaking news of a U.S. federal government shutdown, covering its political causes, immediate impacts on federal services and employees, related protests in Chicago, and financial market reactions. Key voices from both parties weigh in, and the episode also briefly touches on economic updates and playoff baseball results.

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Key Discussion Points & Insights

1. Federal Government Shutdown (00:01 – 01:29, 02:32)

• Immediate Announcement:
  • "Hundreds of thousands of federal workers put in limbo as the government shuts down."
    — Dave Anthony (00:01)
• Historical Context:
  • The shutdown is compared to 2018’s record 35-day standoff.
    — Correspondent (00:10)
• Political Stalemate:
  • Senate Democrats blocked a House-approved funding bill covering seven weeks.
  • Speaker Mike Johnson attributes the stalemate to priorities over healthcare for undocumented immigrants.
    • "They decided that giving free health care to illegal aliens is a higher priority apparently than keeping vital services going for the American people..."
      — Speaker Mike Johnson (00:31)
  • Johnson is open to health care tax credit negotiations, but “not while the government is shut down.”
    — (00:40)
  • Senate Minority Leader Chuck Schumer blames GOP for excluding Democrats from the funding bill:
    • "There was no input from Democrats. Not a single line in their bill had input from Democrats."
      — Chuck Schumer (00:58)
• Immediate Impacts Noted:
  • Federal workers face possible layoffs or working without pay.
  • Essential operations remain: mail, Social Security, airports (with unpaid staff), food inspections, IRS (5 days, special funding), ongoing tariff collections.
  • No new economic data from Labor Department, including jobs reports. — Chris Foster (01:08)

2. Protests & Security Measures in Chicago (01:29 – 01:55)

• Federal Law Enforcement Continues:
  • Despite the shutdown, federal law enforcement remains active.
• Immigration Protests Near Trump Tower:
  • Unrest in Chicago following news the National Guard might support ICE operations after a request from DHS.
  • ICE is using Naval Station Great Lakes as a hub. — Lucas Tomlinson (01:55)

3. Economic and Market Updates (02:32 – 03:59)

• Shutdown and Wall Street:
  • Markets see a downturn at the start of October: Dow down 95, Nasdaq dropping 94, S&P off 21 points.
  • Oil prices decline, gas prices steady.
  • Shutdown halts official jobs data, emphasizing alternative data sources.
• Private Sector Employment Report:
  • "The number of jobs created by private employers declined by 32,000 in September." — Jenny Coselda (03:15)
  • ADP expected 50,000 new jobs, but the shortfall signals a cooling labor market.
    • “This is a low or no hire, no fire economy.”
      — Neela Richardson, ADP’s chief economist, via Jenny Coselda (03:15)
  • Annual pay rose 4.5% in September.
  • Federal Reserve watches private sector data closely with official numbers on hold due to the shutdown.

4. Sports Brief: MLB Playoffs (03:59 – End)

• Headline Performances:
  • Shohei Ohtani and TE Oscar Hernandez each hit two home runs, leading the Dodgers to victory.
  • Boston, Chicago Cubs, and Detroit secure wins in playoff series openers.
  • Series continue today.

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Notable Quotes & Memorable Moments

• "They decided that giving free health care to illegal aliens is a higher priority apparently than keeping vital services going for the American people. That's clearly what's happening here."
  — Speaker Mike Johnson (00:31)

• "There was no input from Democrats. Not a single line in their bill had input from Democrats."
  — Chuck Schumer (00:58)

• "The number of jobs created by private employers declined by 32,000 in September. Payroll processing company ADP was expected to report job creation of about 50,000... This is a low or no hire, no fire economy."
  — Jenny Coselda reporting (03:15), quoting Neela Richardson

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Timestamps for Key Segments

• 00:01 – Breaking: Government shutdown, overview
• 00:17-00:48 – Capitol reaction, statements by Speaker Johnson & Schumer
• 01:03-01:29 – Effects on federal workers, services, and agency operations
• 01:29-01:55 – Law enforcement continuation and Chicago immigration protests
• 02:32-03:15 – Wall Street and economic update
• 03:15-03:59 – Employment report and economic implications
• 03:59-End – MLB playoff highlights

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This episode offers a concise, impactful summary of the government shutdown’s national repercussions, partisan blame, practical consequences for federal workers and the economy, along with snapshots from Chicago protests and national sports. Listeners get a rapid-fire style news update suited for those seeking a quick grasp of the day’s urgent topics.

Transcript

[A]

This is a FOX News alert. Hundreds of thousands of federal workers put in limbo as the government shuts down. I'm Dave Anthony.

[B]

The last time the government shut down, it was December of 2018. It lasted 35 days, the longest in U.S. history.

[A]

Fox's Griff Jenkins at the Capitol where Senate Democrats blocked passing a House approved bill to provide seven weeks of government funding.

[B]

What comes next is a little unclear. Just moments ago, we caught up with Speaker Mike Johnson here. Here's what he had to say.

[C]

They decided that giving free health care to illegal aliens is a higher priority apparently than keeping vital services going for the American people. That's clearly what's happening here.

[B]

Speaker Johnson also told me that he's open to negotiate with Democrats on health care tax credits, but not while the government is shut down.

[A]

Later this morning, the Senate plans more votes to try again to pass funding. But Minority Leader Chuck Schumer says Republicans are to blame, refusing to negotiate with him on health care.

[D]

There was no input from Democrats. Not a single line in their bill had input from Democrats.

[A]

The shutdown affects a lot of federal employees. Some could even be laid off. Others remain working without paychecks.

[C]

Mail, Social Security checks and student loan bills are still being delivered. Airports are running those. Workers are considered essential and are expected to show up unpaid for now. Food inspections continue. Internal Revenue Service employees stay on the job for at least five business days because of special funding passed in 2022. Tariff revenue still being collected. The Labor Department will not be releasing new economic data like jobs reports.

[A]

That's fox's Chris Foster. Federal law enforcement will continue in the shutdown, though the protests against immigration raids rage on in Chicago.

[D]

What do we do?

[A]

Stand up like that?

[B]

The protest started near Trump Tower. The rally was held one day after Illinois Governor J.B. pritzker said the National Guard could be coming to the Windy City at the request of DHS to protect ICE personnel and facilities. ICE is currently using Naval Station Great Lakes, home to Navy boot camp for a hub for its Chicago operation.

[A]

That's fox's Lucas Tomlinson. America's listening to FOX News.

[E]

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[A]

Again, our top FOX News story. The government shutdown with no funding approved by Congress by midnight. On Wall street, there are losses to start the month of October after the Dow closed last month at a record high. Right now, The Dow is falling 95 points. The Nasdaq, which surged up more than 5% in September, is dropping 94. It's a 21 point decline for the S&P 500. The price of oil is down this morning back to around $62 a barrel. Gas is up a penny, putting AAA's national average for regular $3.16 per gallon the same price as a week ago. We mentioned that the shutdown will put a halt to economic reports. Well, we did get an update this morning that didn't come from the government.

[D]

The number of jobs created by private employers declined by 32,000 in September. Payroll processing company ADP was expected to report job creation of about 50,000. ADP's chief economist Neela Richardson says the number of new claims for unemployment benefits remains subdued, which suggests this is a low or no higher, no fire economy. Annual pay in September rose 4.5% in a government shutdown. The monthly employment report is not released, which makes the ADP report even more important to the Federal Reserve and which is looking at a slowing job market as it considers whether to lower interest rates. Jenny Coselda, FOX News in the baseball.

[A]

Playoffs, a power surge in Los Angeles. Swing and a line drive ripped right field back on lead off homer Shohei Ohtani. And then Ohtani had another one. TE Oscar Hernandez also homer twice and the Dodgers 105 win over Cincinnati on ESPN earlier in games. But Boston beat the New York Yankees. The Chicago Cubs topped San Diego. Detroit edge Cleveland. All those best of three series resume today. I'm Dave Anthony and this is FOX News. It's Will taint Country. Watch it live at noon Eastern Monday through Thursday@fox news.com or on the Fox News YouTube channel. And don't miss the show. Listen and follow the podcast five days a week at foxnewspodcasts.com or wherever you download your favorite podcasts.