10AM ET 10/24/2025 Newscast

Summary

Fox News Hourly Update – 10AM ET 10/24/2025 Newscast

Episode Overview

This FOX News Hourly Update, hosted by Dave Anthony, delivers a fast-paced roundup of breaking headlines as of October 24, 2025. The episode covers developments in President Trump’s intensified crackdown on drug trafficking, economic and inflation updates, ongoing government shutdown impacts, U.S.-Canada trade tensions, major shifts in Alaska energy policy, legal drama involving New York’s attorney general, and top moments in sports.

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Key Discussion Points & Insights

1. Intensification of Trump’s Anti-Drug Measures

• Caribbean Anti-Trafficking Operations
  • The U.S. military destroyed its 10th drug-carrying vessel off South America’s coast.
  • President Trump is reportedly considering escalating actions to include land targets in other countries.
    • [00:02] Dave Anthony: “Another boat got blown up. ... 10th one in President Trump's crackdown on illegal drug trafficking off the coast of South America, as he also considers going after land targets in foreign countries.”
• No “Declaration of War”
  • Trump’s approach is more targeted than formal warfare.
    • [00:16] (Unidentified): “I don't think we're going to necessarily ask for a declaration of war. I think we're just going to kill people that are bringing drugs into our country.”
• Designation of Venezuelan Gang as Terrorists
  • The destroyed vessel was run by “Trend Aragua,” a Venezuelan gang now designated a terrorist organization. Six crew members were killed.
    • [00:24] Eben Brown: “The secretary says the vessel was operated by Trend Aragua, a Venezuelan gang designated as a terrorist organization. A crew of six males on board were killed.”

2. Economic & Inflation Updates

• Social Security Cost-of-Living Increase
  • Recipients will get a 2.8% boost next year, linked to inflation.
    • [00:41] Ginny Casola: “... Social Security payments will get more next year. The cost of living increase will be 2.8%. That's tied to inflation.”
• Inflation Slightly Cooler
  • Consumer Price Index (CPI) rose only 0.3% from August to September, seen as an improvement.
  • Both CPI and core CPI increased 3% year-over-year.
    • [00:51] (Unidentified): “You were paying more for things in September, but the increase in inflation was not as much as expected.”
• Markets Surge to All-Time Highs
  • Inflation improvement spurred a rally, sending the Dow and NASDAQ into record territory.
    • [01:11] Dave Anthony: “All that driving a stock market rally, lifting the Dow and the NASDAQ to all time highs.”

3. Government Shutdown’s Ripple Effects

• Impact on Economic Data
  • Trump administration signals next month’s CPI update may not happen—first ever interruption due to the ongoing government shutdown (now 24 days in).
    • [01:11] Dave Anthony: “... there likely will not be a consumer price update next month for the first time in the history of the index because of the government shutdown. Now in day 24...”

4. Trump’s Trade Battle with Canada

• TV Ad Sparks Diplomatic Row
  • Trump ends all trade negotiations after a Canadian ad used a 1987 Reagan speech warning of tariff-induced trade wars without permission.
    • [01:19] Dave Anthony: “President Trump is angry at Canada about a TV commercial that upset him so much he posted on Truth Social he's ending all trade negotiations.”
  • Reagan Foundation confirms Ontario government used address without authorization.
    • [01:46] Dave Anthony: “The Reagan foundation says the Ontario government made the ad did not ask for permission for the address.”
• Trump Characterizes the Ad
  • [01:46] Dave Anthony: “Now the president calls that fake and egregious.”

5. U.S.-China Relations

• Upcoming Asia Trip
  • President Trump plans a meeting with China’s leader to discuss trade issues.
    • [01:46] Dave Anthony: “Tonight, the president will take off on a trip to Asia that will include a meeting with China's leader about trade.”

6. Stock Market & Energy Policy Shifts

• Continued Market Gains
  • The Dow is up 387 points, NASDAQ up 252, S&P 500 up 56—“all time highs” mentioned again.
    • [02:15] Dave Anthony: “The dow is gaining 387 points. The NASDAQ is up 252. The S&P 500 adding 56. All three hit all time highs this morning.”
• Oil & Gasoline Prices
  • Oil rises slightly; national average gas now $3.06/gal, down 10 cents in a week.
    • [02:15] Dave Anthony: “The price of oil up a quarter over 62 bucks a barrel as gas dips a fraction. AAA's national average for regular $3.06 per gallon. That's a dime less than a week ago.”
• Major Alaska Energy Rollbacks
  • The ANWR (Arctic National Wildlife Refuge) to be reopened for drilling, reversing Biden-era bans.
  • Restoration of leases for 2,300 sq mi and permits for Ambler Access Road (211 miles), plus a land exchange for a road through Izembek National Wildlife Refuge.
    • [02:43] Chris Foster: “The Interior Department is restoring leasing for about 2,300 square miles of coastal plain and reinstating canceled leases. Secretary Doug Burgum also announced the approval of permits for the 211 mile Ambler Access Road ... and a land exchange allowing for construction of a road through Izambec National Wildlife Refuge...”

7. Political & Legal Headlines

• Letitia James Faces Fraud Charges
  • New York Attorney General Letitia James appears in court on bank fraud charges related to a 2020 home purchase; she calls herself a “Trump political target.”
    • [03:19] Dave Anthony: “Attorney General Letitia James is expected in court next hour to face fraud charges. The Democrat will try to get dismissed as she calls herself a Trump political target.”
  • Indictment details: two felonies (bank fraud and false statements).
    • [03:29] Chanley Painter: “James was indicted earlier this month on two felony charges of bank fraud and making false statements to a financial institution in connection with a 2020 home purchase in Virginia.”
  • Background: James previously targeted Trump and the Trump Organization; her 2023 lawsuit’s penalty was thrown out.
    • [03:39] Dave Anthony: “James had, when she ran for attorney general, said she would go after and target President Trump. And then last year she won a lawsuit against the former presidents then and the Trump Organization, though a court tossed out the penalty.”

8. Sports Updates

• NFL Week 8 Begins
  • LA Chargers defeated the Minnesota Vikings 37-10.
    • [03:39] Dave Anthony: “There was a blowout to start week of the eight of the NFL season. The Los Angeles Chargers beat the Minnesota Vikings 37 to 10.”
• World Series Opener
  • Game One: Dodgers vs. Blue Jays in Toronto starts tonight.
    • [03:39] Dave Anthony: “Tonight, the World Series starts in baseball game one in Toronto, the Dodgers and Blue Jays.”

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Notable Quotes & Memorable Moments

• “I think we're just going to kill people that are bringing drugs into our country.”
  — (Unidentified, reflecting Trump administration’s aggressive tone on drug trafficking, [00:16])

• “...there likely will not be a consumer price update next month for the first time in the history of the index because of the government shutdown. Now in day 24...”
  — Dave Anthony, on the unprecedented halt in economic reporting [01:11]

• “The Reagan foundation says the Ontario government made the ad did not ask for permission for the address.”
  — Dave Anthony, on the international fallout from a Canadian ad [01:46]

• “The cost of living increase will be 2.8%. That's tied to inflation.”
  — Ginny Casola, on the impact for Social Security recipients [00:41]

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Timestamps for Key Segments

• 00:02 – Anti-drug trafficking military actions
• 00:24 – Details on Venezuelan gang and vessel destroyed
• 00:41 – Social Security adjustment, inflation context
• 01:11 – Market rally, government shutdown effects
• 01:19 – Trump’s reaction to Canadian TV ad, trade break-off
• 01:41 – Details on the disputed Reagan speech in ad
• 01:46 – Preview of Trump’s trip to Asia, U.S.-China trade talk
• 02:15 – Wall Street update, oil and gas prices
• 02:43 – Alaska drilling and infrastructure rollbacks
• 03:19 – Attorney General Letitia James court update
• 03:39 – NFL Week 8 and World Series update

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Tone & Style

The episode maintains the brisk, punchy delivery characteristic of FOX News radio. Emphasis is placed on key political, economic, and cultural flashpoints, using direct and sometimes provocative language—particularly around the Trump administration's strategies and trade disputes.

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This summary distills the major stories and their context, giving you the need-to-know insights without the filler.

Transcript

[A]

Another boat got blown up. I'm Dave Anthony, FOX News. It is the 10th one in President Trump's crackdown on illegal drug trafficking off the coast of South America, as he also considers going after land targets in foreign countries.

[B]

I don't think we're going to necessarily ask for a declaration of war. I think we're just going to kill people that are bringing drugs into our country.

[C]

U.S. secretary of War Pete Hegseth says the military has struck and destroyed yet another vessel transporting narcotics in the Caribbean. The secretary says the vessel was operated by Trend Aragua, a Venezuelan gang designated as a terrorist organization. A crew of six males on board were killed.

[A]

That's fox's Eben Brown. Americans who get Social Security payments will get more next year. The cost of living increase will be 2.8%. That's tied to inflation. And we also got an update on that.

[D]

You were paying more for things in September, but the increase in inflation was not as much as expected. The consumer price index rose 0.3% from August to September. That's an improvement from the previous. For the year ending in September, both the CPI and core CPI, excluding food and energy, increased 3%.

[A]

Fox's Ginny Casola. All that driving a stock market rally, lifting the Dow and the NASDAQ to all time highs. But don't expect another inflation update anytime soon. In a post on X, the Trump administration said there likely will not be a consumer price update next month for the first time in the history of the index because of the government shutdown. Now in day 24, President Trump is angry at Canada about a TV commercial that upset him so much he posted on Truth Social he's ending all trade negotiations. Negotiations. That ad features President Reagan in a 1987 address warning about tariffs and the.

[B]

Triggering of fierce trade wars. Then the worst happens, market shrink and collapse.

[A]

Now the president calls that fake and egregious. The Reagan foundation says the Ontario government made the ad did not ask for permission for the address. Tonight, the president will take off on a trip to Asia that will include a meeting with China's leader about trade. America's listening to FOX News.

[E]

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 and follow the podcast five days a week at foxnewspodcasts.com or wherever you download your favorite podcasts.

[A]

Back to Wall street and that stock market surge after the better than expected inflation update. The dow is gaining 387 points. The NASDAQ is up 252. The S&P 500 adding 56. All three hit all time highs this morning. The price of oil up a quarter over 62 bucks a barrel as gas dips a fraction. AAA's national average for regular $3.06 per gallon. That's a dime less than a week ago. And speaking of fuel, part of Alaska's.

[F]

Arctic National Wildlife Refuge will be reopened to drilling, reversing a Biden administration policy blocking plans made during President Trump's first term. ANWR is about 300,000 square miles in northeastern Alaska. The Interior Department is restoring leasing for about 2,300 square miles of coastal plain and reinstating canceled leases. Secretary Doug Burgum also announced the approval of permits for the 211 mile Ambler Access Road for industrial use in northwest Alaska and a land exchange allowing for construction of a road through Izambec National Wildlife Refuge connecting two towns on the Alaskan peninsula. Work on both roads was blocked by the Biden administration. Chris Foster, FOX News, New York.

[A]

Attorney General Letitia James is expected in court next hour to face fraud charges. The Democrat will try to get dismissed as she calls herself a Trump political target.

[G]

James was indicted earlier this month on two felony charges of bank fraud and making false statements to a financial institution in connection with a 2020 home purchase in Virginia.

[A]

That's Fox's Chanley Painter. James had, when she ran for attorney general, said she would go after and target President Trump. And then last year she won a lawsuit against the former presidents then and the Trump Organization, though a court tossed out the penalty. On Thursday Night Football, there was a blowout to start week of the eight of the NFL season. The Los Angeles Chargers beat the Minnesota Vikings 37 to 10. Tonight, the World Series starts in baseball game one in Toronto, the Dodgers and Blue Jays. I'm Dave Anthony. This is FOX News.