10AM ET 10/23/2025 Newscast

Summary

Fox News Hourly Update (10AM ET, 10/23/2025) – Detailed Summary

Overview

This newscast from Fox News Radio covers major breaking stories from sports and politics to business and entertainment as of October 23, 2025. Top headlines include a federal gambling investigation impacting NBA figures, ongoing government shutdown drama in Washington, fresh U.S. sanctions on Russia, electric vehicle recalls, layoffs in the auto industry, energy price updates, a Broadway strike resolution, and NFL action.

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Key Discussion Points & Insights

1. NBA Gambling Investigation Widening

• Federal gambling probe has led to arrests of current and former NBA personalities.

• Terry Rozier (Miami Heat player) and Chauncey Billups (Portland Trail Blazers coach, ex-Hall of Famer) are high-profile names caught up in the sweep.

• Billups’ involvement: Alleged links to a poker scheme with the American-Italian Mafia.

• Damon Jones, former NBA player/coach, also implicated.

• Connection to Jontay Porter: Porter received a lifetime NBA ban after admitting to altering game performance for prop bet gains.

  Quote – 00:24, Nate Foy:
  “He is allegedly involved in a poker scheme with the American Italian Mafia…all related to the same investigation that ultimately landed a lifetime ban for Jontay Porter.”

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2. Government Shutdown: Stalemate and Senate Moves

• Shutdown enters Day 23, with workers impacted and no clear path to resolution.
• Senate GOP’s counter proposal: All working employees will get paid.
  • Sen. John Thune (R):
    • [01:08] “Anybody who is currently working and not getting paid would get paid under this proposal. The Democrats are going to try and counter it with a political gimmick…”
• Democrats’ stance: Blocking funding unless health care provisions are attached.

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3. US and EU Sanctions on Russia & Diplomatic Fallout

• The European Union and US imposed new sanctions on Russia targeting top oil companies in response to continued war in Ukraine.
• President Trump canceled a planned second summit with Russia’s leader:
  • [01:33] “It didn’t feel right to me. It didn’t feel like we were going to get to the place we have to get. So I canceled it.” – Donald Trump

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4. US Military Strikes on Suspected Drug-Trafficking Vessels

• US strikes on boats off the South American coast targeting “narco-terrorists.”

  • Legality in question: Critics doubt if these attacks are permitted.
  • Trump’s defense:
    [01:44] “We’re allowed to do it. It’s in international waters.”

• Casualties: Latest strike (Tuesday night) brings the total to 9 vessels destroyed, 37 killed.

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5. Stock Market & Electric Vehicle News

• Stock market update:

  • Dow: +39 pts
  • Nasdaq: +101 pts
  • S&P 500: +21 pts

• Tesla setback:

  • Shares down 5% after disappointing summer earnings.

  • Recall: Nearly 13,000 Model 3 & Model Y vehicles (2025-26) due to battery defect, risk of losing acceleration.

    Quote – 02:53, Jill Naito:
    “The National Highway Traffic Safety Administration says the cars may lose the ability to accelerate while driving and that can raise the risk of a crash.”

• Rivian layoffs: 600 jobs cut amid industry struggles.

• Oil and gas prices: New Russian sanctions drive crude up by $3, now over $61/barrel. Gas at $3.07/gal (still $0.10 under last month).

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6. Broadway Musicians Reach Contract Deal, Strike Avoided

• Tentative labor agreement reached with producers after all-night talks, narrowly halting a strike.

• Impact: Would have shut down 23 Broadway musicals.

• Terms:

  • Pay raises
  • Higher healthcare contributions

• Broader context: This follows a similar deal for actors in the past week.

  Quote – 03:51, Chris Foster:
  “The new three-year agreement includes pay raises and higher health care contributions. It’s the second Broadway labor deal in less than a week.”

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7. NFL Week 8 Preview

• Minnesota Vikings vs. Los Angeles Chargers tonight kicks off Week 8.

  Host sign-off:
  [04:21] “The NFL season kicks off tonight. The Minnesota Vikings will play the Los Angeles Chargers. I’m Dave Anthony and this is FOX News.”

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Memorable Quotes & Notable Moments

• Nate Foy on NBA/Mafia ties (00:24):
  “He is allegedly involved in a poker scheme with the American Italian Mafia…”
• John Thune on shutdown (01:08):
  “Anybody who is currently working and not getting paid would get paid under this proposal. The Democrats are going to try and counter it with a political gimmick…”
• Donald Trump cancels Russia summit (01:33):
  “It didn’t feel right to me. It didn’t feel like we were going to get to the place we have to get. So I canceled it.”
• Trump on legality of military strikes (01:44):
  “We’re allowed to do it. It’s in international waters.”
• Jill Naito on Tesla recall (02:53):
  “The National Highway Traffic Safety Administration says the cars may lose the ability to accelerate while driving…raise the risk of a crash.”

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Timestamps for Important Segments

• NBA gambling investigation: 00:02–00:57
• Government shutdown coverage: 00:57–01:19
• US/EU Russia sanctions and diplomatic fallout: 01:19–01:38
• US military strikes on narco boats: 01:38–02:03
• Stock market and Tesla recall: 02:31–02:53
• Rivian layoffs, oil/gas price update: 03:26–03:51
• Broadway strike deal: 03:51–04:21
• NFL Week 8 tease: 04:21–end

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Tone and Style

• Direct, newsy, and urgent—conversational delivery with a brisk, fact-forward style typical of Fox News Radio updates.
• Mix of rapid-fire headlines and terse expert input, peppered with official quotes to anchor major stories.

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This summary provides a concise yet thorough record of the broadcast, enabling listeners to grasp all key headlines, context, and soundbites quickly.

Transcript

[Dave Anthony]

A basketball player and an NBA coach have to go to a different court. I'm Dave Anthony. FOX News.

[Nate Foy]

Terry Rozier and Chauncey Billups.

[Dave Anthony]

They're among a few dozen people arrested so far in a federal gambling investigation. Rozier plays for the Miami Heat. He's under scrutiny over sports betting. But in the case against Billups, who was a Hall of Fame player, now coach of the Portland Trail Blazers, Fox's.

[Nate Foy]

Nate Foy reports he is allegedly involved in a poker scheme with the American Italian Mafia. And then Damon Jones is a former NBA player and coach as well, arrested. And this is all related to the same investigation that ultimately landed a lifetime ban for Jontay Porter, a former player for the Toronto Raptors who admitted to altering his performance in games so that other people could make money off of prop bets.

[Dave Anthony]

We're awaiting a news conference any minute from FBI Director Kash Patel. On day 23 of the government shutdown. The Senate's planning a different vote amid a standoff over funding. Republican Leader John Thune tells Fox anybody.

[John Thune]

Who is currently working and not getting paid would get paid under this proposal. The Democrats are going to try and counter it with a political gimmick which would pay federal employees once, but then continue the shutdown.

[Dave Anthony]

Democrats have blocked new funding that would end that shutdown, demanding health care provisions be attached to spending. The European Union has joined the US Imposing new sanctions on Russia for the war in Ukraine. President Trump putting financial penalties on Russia's two biggest oil companies after canceling his planned second summit with Russia's leader.

[Donald Trump]

It didn't feel right to me. It didn't feel like we were going to get to the place we have to get. So I canceled it.

[Dave Anthony]

The president's also defending US Military strikes on boats off the South American coast suspected of illegal drug trafficking.

[Donald Trump]

We're allowed to do it. It's in international waters.

[Dave Anthony]

Trump critics question whether the attacks are legal. The latest boat blown up was Tuesday night. There have been nine in all, killing 37 people that the war secretary calls narco terrorists. America's listening to FOX News.

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[Dave Anthony]

Now we turn to Wall street, where the day after we had a big sell off.

[Chris Foster]

Some gains.

[Dave Anthony]

The Dow's up 39 points. The Nasdaq's gaining 101, 21 points higher for the S&P 501 stock on the move is Tesla, though in reverse. The electric carmaker down about 5% after reporting earnings during the summer quarter that were worse than expected despite record Tesla sales. There's also a recall.

[Jill Naito]

The problem's a battery pack Defect in nearly 13,000 TESL 2025 Model 3 and 2026 Model Y vehicles are getting recalled. The National Highway Traffic Safety Administration says the cars may lose the ability to accelerate while driving and that can raise the risk of a crash. So far, Tesla's identified 36 warranty claims and 26 field reports linked to the issue, but it's not aware of any collisions or injuries. You Jill Naito, FOX NEWS now, another.

[Dave Anthony]

Electric carmaker is reportedly cutting the cord on more employees. The Wall Street Journal reports Rivian will have about 600 layoffs. The new sanctions on Russian oil has driven the price way higher, up $3 this morning, back over 61 bucks a barrel. Gas is a penny pricier. Triple A's national average regular 307 a gallon, still a dime cheaper than a month ago. This is a big deal in New York City, especially for anyone who has tickets for a show on Broadway.

[Chris Foster]

A strike would have forced the cancellation of 23 musicals. But after talks into the night, the union represent Broadway musicians have a tentative labor agreement with producers. They threatened to go on strike if there was no deal. By morning, the American Federation of Musicians Local 802, representing 1200 musicians, had been without a contract since the end of August. The new three year agreement includes pay raises and higher health care contributions. It's the second Broadway labor deal in less than a week. The Actors Equity association announced a new contract last weekend in New York. Chris Foster, fox News Week 8 of.

[Dave Anthony]

The NFL season kicks off tonight. The Minnesota Vikings will play the Los Angeles Chargers. I'm Dave Anthony and this is FOX News.

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