10AM ET 10/17/2025 Newscast

Summary

Fox News Hourly Update — 10AM ET, 10/17/2025

Host: Dave Anthony (with reports from David Spunt, Jared Halpern, Kevin Hassett)
Date: October 17, 2025

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Episode Overview

This episode delivers a succinct briefing of the day’s top stories in politics, international affairs, the economy, and entertainment. Major focuses include John Bolton’s indictment, ongoing US-Ukraine-Russia developments, President Trump's interviews and meetings, concerns in the US banking sector, market updates, and the passing of Kiss guitarist Ace Frehley.

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Key Discussion Points and Insights

1. John Bolton Indicted for Mishandling Classified Information

• [00:02] John Bolton, former Trump national security advisor, surrendered in Maryland after being indicted for mishandling sensitive government documents.
• [00:16] Details of the indictment included keeping and sharing top secret "SCI" information with family members, with some information shared as diary-like entries.
• [00:31] FBI raids were conducted at Bolton’s Maryland home and D.C. office in late August.
  • Attorney Abby Lowell stated that much of the material was cleared for use during Bolton’s book writing.
  • Previous DOJ did not charge him; investigation was pursued under the Biden DOJ.
• [00:47] Bolton responded via statement, claiming the charges are evidence of the DOJ’s “weaponization” against Trump critics, referring to the case as an abuse of power and intimidation.
  • Quote: “He is the latest target of the weaponization of the Justice Department going after Trump enemies, saying it’s intimidation and an abuse of power.” (Dave Anthony, quoting Bolton, [00:47])

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2. Ukraine’s Plea for US Support & Geopolitical Diplomacy

• [01:03] Ukrainian President Zelensky is set to appeal to the White House for increased aid, specifically requesting long-range Tomahawk missiles.
  • Quote: “One ask that Ukrainian President Volodymyr Zelensky is expected to make is for the US to provide long range Tomahawk missiles.” (Jared Halpern, [01:03])
• [01:10] President Trump remarks on military aid:
  • “We have a lot of them but we need them. I mean we, we can’t deplete for our country.” (Donald Trump, [01:10])
• [01:18] Trump–Putin Relations:
  • Trump and Putin held a phone conversation and agreed to meet, possibly later in October in Budapest.
  • This follows their prior Alaska summit in August, which did not yield a ceasefire.
  • Trump is also planning meetings with the Chinese leader as US-China trade tensions escalate.
• [01:44] On trade with China:
  • “China in particular, boy, they did a number in our country. They would, they, they took money out. Now it’s reversed. I mean, you know we’re doing very well with China.” (Donald Trump, [01:44])

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3. US Economy and Stock Market Update

• [02:15] Trump’s comments on China tariffs appear to have assuaged market anxiety, with Dow, Nasdaq, and S&P rebounding after earlier declines.
• [02:37] Ongoing issues with regional banks:
  • White House national economic director Kevin Hassett discusses problems stemming from bad loans at regional banks.
  • Zions Bancorp (Salt Lake City) faces substantial losses, blames borrower fraud.
  • Western Alliance (Phoenix) is suing borrowers over alleged fraud.
• [03:10] “The good that we’ve got really talented top notch people in place cleaning things up right now.” (Dave Anthony, summarizing administration efforts, [03:10])
  • Kevin Hassett adds that the banking sector has ample reserves and is not currently at risk.

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4. Energy Prices

• [03:23] Oil prices are slightly up at $57/barrel; national average gas price is $3.05/gal, down five cents from last week.

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5. Entertainment: Passing of a Rock Legend

• [03:23] Ace Frehley, founding guitarist for Kiss, dies at age 74 from a brain hemorrhage following a fall.
  • Fellow Kiss members Gene Simmons and Paul Stanley commemorate him as an "essential rock soldier."
  • Peter Criss adds: “His legacy will live in the hearts of the KISS Army.”

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Notable Quotes & Memorable Moments

• “He is the latest target of the weaponization of the Justice Department… it’s intimidation and an abuse of power.” — John Bolton statement (via Dave Anthony, [00:47])
• “We have a lot of them but we need them. I mean we, we can’t deplete for our country.” — Donald Trump on US missile stockpiles ([01:10])
• “China in particular, boy, they did a number in our country. Now it’s reversed… we’re doing very well with China.” — Donald Trump ([01:44])
• “The good that we’ve got really talented top notch people in place cleaning things up right now.” — Dave Anthony ([03:10])

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Timestamps for Key Segments

• [00:02] — John Bolton indicted, details of DOJ investigation
• [01:03] — Zelensky’s visit to White House, military aid request
• [01:18] — Trump–Putin call and upcoming meeting
• [01:27] — US–China trade war and Trump tariffs
• [02:15] — Reaction of stock market to Trump’s tariff remarks
• [02:37] — Regional banking sector issues explained
• [03:23] — Oil and gas prices update
• [03:23] — Announcement of Ace Frehley’s passing

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Conclusion

The 10AM Fox News Hourly Update packs a concise, rapid-fire breakdown of the latest in US legal news, international politics, economic indicators, and pop culture. It provides direct commentary and reporting, with significant attention to recent political controversies and their implications, as well as upbeat acknowledgment of American resilience in the face of economic challenges and the cultural loss of a music icon.

Transcript

[Dave Anthony]

He said nothing on his way into the courthouse. I'm Dave Anthony. Fox News where John Bolton surrendered ahead of a hearing that after being indicted, the former Trump national security advisor turned outspoken Trump critic is accused of mishandling classified information.

[David Spunt]

The charges of not only keeping top secret info but sharing it with family members. The DOJ says he sent diary like entries about his work days at the White House and shared information classified to the top secret sci level, the most sensitive.

[Dave Anthony]

Fox's David spun outside the court in Greenbelt, Maryland.

[David Spunt]

FBI agent raided both the Maryland home of bolton and the D.C. office at the end of August. His attorney Abby Lowell said many of these classified documents were cleared for use while he wrote his book. Bolton noted the prior DOJ did not charge him, though Fox is told he was investigated under the Biden doj.

[Dave Anthony]

In a statement, Bolton calls the conduct lawful, writing he is the latest target of the weaponization of the Justice Department going after Trump enemies, saying it's intimidation and an abuse of power. In a few hours, Ukraine's leader will return to the White House asking for more help battling Russia. Fox's Jared Halpern reports.

[Jared Halpern]

One ask that Ukrainian President Volodymyr Zelensky is expected to make is for the US to provide long range Tomahawk missiles.

[Donald Trump]

We have a lot of them but we need them. I mean we, we can't deplete for our country.

[Jared Halpern]

President Trump spoke by phone with Russian President Vladimir Putin Thursday. The two leaders agreed to meet perhaps later this month in Budapest, Hungary.

[Dave Anthony]

That follows the August Trump Putin summit in Alaska. That did not lead to the ceasefire and the president's hoping for President Trump's also planning in a few weeks to meet with the Chines leader after the trade war escalated with the president threatening the other day 100% tariffs on Chinese imports, which he admits to Fox Business's Maria Barta Romo are unsustainable.

[Donald Trump]

China in particular, boy, they did a number in our country. They would, they, they took money out. Now it's reversed. I mean, you know we're doing very well with China.

[Dave Anthony]

That interview will air on FOX Sunday morning Futures. America's listening to FOX News.

[Will Kane]

It's Will Kane 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 follow the podcast five days a week at foxnewspodcasts.com or wherever you download your favorite podcasts.

[Dave Anthony]

Now to Wall street where the comments that President Trump made about China tariffs and trade seem to have eased investor concern. Stock futures were down big before he talked this morning. Now the dow is up 114 points. The NASDAQ is gaining 7, the S&P 500 adding 5 points. Yesterday's stock market sell off was partly because of renewed concerns about smaller regional banks.

[Kevin Hassett]

White House national economic director Kevin Hassett tells FBN's Maria Bartiromo the administration is working now on the issues that resulted in regional banks holding bad loans. Salt Lake City based Zions Bancorp says it will take a large loss and is accusing some borrowers of fraud. The loans were originated by its California bank and Trust subsidiary. Phoenix based Western alliance says it is suing a borrower, accusing it of fraud. Hassett says the issues that resulted in the situation go back to the previous administration.

[Dave Anthony]

The good that we've got really talented top notch people in place cleaning things up right now.

[Kevin Hassett]

Asset also says the banking sector has ample reserves. Chinnycosolda FOX News the price of oil.

[Dave Anthony]

Is up a little bit, a couple of pennies still around 57 bucks a barrel. Gas is down a fraction. But AAA's national average for regular is 305 per gallon, a nickel cheaper than last week. A rock and roll legend is being mourned. Kisses original guitarist Ace has died, a founding member who was in and out of the band Kiss over the years, ace Fraley was 74. He died of a brain hemorrhage, which was a complication of a fall in his studio at his home last month. Fellow Kiss members Gene Simmons and Paul Stanley called Ace Frehley an essential rock soldier. PETER Chris says his legacy will live in the hearts of the KISS Army. I'm Dave Anthony. This is FOX News.