Fox News Hourly Update – 10AM ET Newscast (October 31, 2025)

Main Theme

This episode delivers a brisk, fact-packed update on the ongoing government shutdown and its ripple effects, plus major developments in finance, weather, terror prevention, and notable national events—all in the signature Fox News style of urgency and clarity.

Key Discussion Points & Insights

1. Government Shutdown Enters Day 31 🚨

• President's Position & Urgency for Action
  The President urges Republicans to "play the trump card" and invoke the “nuclear option” by ending the Senate filibuster, aimed at breaking the shutdown impasse.
  • Quote (President, via Truth Social) [00:13]:

    “Because of the fact that the Democrats have gone stone cold crazy. The choice is clear. Initiate the nuclear option. Get rid of the filibuster.”

• Democratic Opposition
  Democrats use the filibuster to demand additional healthcare provisions preventing a steep rise in coverage costs next year.
• Republican Frustration
  Senator Roger Marshall, initially hesitant about scrapping the filibuster, now appears resigned:
  • Quote (Sen. Roger Marshall) [00:38]:

    “The biggest argument to get rid of it is that, look, the Democrats are going to do it anyway. The next time the Democrats are controlling the Senate, they're going to do it anyway.”

• Impact on Federal Workers and Food Assistance
  Nearly all federal workers are unpaid. More than 40 million Americans risk losing SNAP benefits as of tomorrow, unless pending state lawsuits succeed.
  • The Trump administration admits to emergency SNAP funds but cites “legal obstacles” to using them for November payouts. A federal judge expresses skepticism, urging the government to prevent families from going hungry.
  • Judicial Reaction [01:13]:

    “She saw no reason the government couldn't tap its own emergency reserves to keep people from going hungry.”

2. FBI Foils Terror Attack in Michigan [01:23]

• Headline Brief: Multiple arrests have been made, averting a potential terror attack planned for the weekend.

3. Hurricane Melissa Devastation [01:23–01:54]

• Damage Report:
  Hurricane Melissa severely hits Cuba, devastates Jamaica (one of the strongest hurricanes to ever hit the island), causes at least 50 deaths in the Caribbean, with significant infrastructure, home, and power losses.
• Local Pleas for Aid:
  • Quote (Local Resident in Jamaica) [01:48]:

    “We are pleading to the regular authorities to see if they can grant any level of assistance to the people of this community.”

4. Financial & Economic Update [02:16–03:25]

• Market Rebound
  • Dow up 79 points
  • Nasdaq gains 208
  • S&P up 31 points
  • Oil rises to over $61/barrel
  • National gas average: $3.04/gallon — lowest in a month
• Texas Stock Exchange (TXSE) Launching in 2026
  • JP Morgan leads a $90M investment round; total fundraising surpasses $250M
  • Promoted as more "CEO-friendly" than NYSE or Nasdaq
  • Notable investors: Citadel, BlackRock, Charles Schwab
  • SEC gave approval in late September
  • Quote (Jenny Coselda) [02:25]:

    “The Wall Street Journal says the new investment brings total fundraising for TXSE to above $250 million.”

• End of the Penny
  • President Trump stopped minting new pennies in 2025 due to production cost ($0.037 per penny in 2024); now, scarcity impacts merchants and banks, who are rationing what pennies remain.
  • Roughly 114 billion pennies still in circulation.
  • Quote (Chris DiMaio) [03:25]:

    “Merchants in many parts of the nation have run out of pennies and are unable to dish out exact change...The US Mint spent 3.7 cents to make a penny in 2024.”

5. Sports Update – NFL [03:52]

• Thursday Night Football:
  The Baltimore Ravens easily beat the Miami Dolphins 28–6, opening Week 9 of the NFL season.

Notable Quotes

• President on Senate action [00:13]:
  “Because of the fact that the Democrats have gone stone cold crazy. The choice is clear. Initiate the nuclear option. Get rid of the filibuster.”
• Sen. Roger Marshall on filibuster [00:38]:
  “The biggest argument to get rid of it is that, look, the Democrats are going to do it anyway.”
• Federal Judge on SNAP funds [01:13]:
  “She saw no reason the government couldn't tap its own emergency reserves to keep people from going hungry.”
• Jamaica resident on hurricane aftermath [01:48]:
  “We are pleading to the regular authorities to see if they can grant any level of assistance to the people of this community.”
• Chris DiMaio on penny shortages [03:25]:
  “Merchants in many parts of the nation have run out of pennies and are unable to dish out exact change...The US Mint spent 3.7 cents to make a penny in 2024.”

Timeline of Key Segments

| Timestamp | Topic | |------------|--------------------------------------------| | 00:02 | Government shutdown & Senate standoff | | 00:23 | SNAP/food stamps crisis & court action | | 01:23 | Terror plot foiled in Michigan | | 01:24 | Hurricane Melissa devastation in Jamaica | | 02:16 | Financial updates & TXSE plans | | 03:25 | Penny shortage crisis explained | | 03:52 | NFL Thursday Night Football recap |

This concise 4-minute newscast spotlights the gridlock in Washington, reveals the cascading consequences of a lingering government shutdown, and delivers rapid-fire updates from around the globe, echoing the high-stakes, urgent tone that defines Fox’s news coverage.