10AM ET 10/31/2025 Newscast

Summary

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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.

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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.”

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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.

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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.”

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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.”

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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.

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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.”

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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 |

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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.

Transcript

[A]

It's time to play the trump card in the Senate. I'm Dave Anthony, FOX news. That's what the president believes Republicans have to do to end the government shut down. Now on day 31, the president writes.

[B]

Untruth, social, quote, 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.

[A]

Fox's Jackie Heinrich Democrats have used the filibuster to block funding, demanding health care provisions be added they say will help prevent the spike up in the cost of coverage next year for millions of Americans. Republican Senator Roger Marshall tells Fox Business he was wary of getting rid of the filibuster, but not anymore.

[C]

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.

[A]

The shutdown is keeping most federal workers home and unpaid. Even those who have to keep working are not getting paychecks. And starting Tomorrow, more than 40 million Americans who get food stamp assistance won't anymore because of the shutdown unless states that are suing win. After a court hearing, the Trump administration.

[D]

Has acknowledged that the there is money in an emergency reserve specifically to fund snap, but defended its decision to stop paying for the program commonly known as food stamps, saying there were legal obstacles to moving money to cover November benefits. The judge appeared skeptical of the claims, saying she saw no reason the government couldn't tap its own emergency reserves to keep people from going hungry.

[A]

Fox's Tanya J. Powers. The FBI is reporting a potential terror attack this weekend was thwarted in Michigan with several people arrested this morning. Hurricane Melissa is moving past Bermuda after doing a lot of damage in Cub. And widespread devastation across Jamaica, where it hit as one of the strongest hurricanes ever.

[E]

A lot of infrastructure damage. Houses are lost. People are without homes, light poles are down.

[A]

And this man standing in the middle of all that destruction told FOX Weather.

[E]

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

[A]

Melissa's blamed for nearly 50 deaths in the Caribbean. America's listening to Fox News.

[F]

It's Will Kane COUNTRY Watch it live at noon Eastern Monday through [e-mail] or on the Fox News YouTube channel. And don't miss the show. Listen and follow the podcast five days a week at Fox newspodcasts.com or wherever you download your favorite podcasts. News.

[A]

Stocks have been mixed so far this morning in a rebound from yesterday's sell off and we often refer to Wall Street's when talking about the market.

[G]

However, JP Morgan's investment bank is looking ahead to the launch of the Texas Stock Exchange next year in Dallas. It is leading a group investing about $90 million in the exchange. It's being promoted as alternative to the New York Stock Exchange and Nasdaq and says it will be more CEO friendly. Previous investors include Citadel Securities, BlackRock and Charles Schwab. The Wall Street Journal says the new investment brings total fundraising for TXSE to above $250 million. It received approval from the securities and Exchange Commission in late September. Jenny Coselda, FOX News.

[A]

Now the numbers. The dow is up 79 points. The Nasdaq's gaining 208, a 31 point increase. For the S. The price of oil up about a half dollar. It's back over 61 bucks a barrel as gas rises a fraction, putting AAA's national average for regular at $3.04 a gallon. That is 11 cents cheaper than a month ago. Now the story of penny pinching.

[H]

President Trump's decision to stop producing the penny earlier this year is starting to have real implications on the nation's commerce. Merchants in many parts of the nation have run out of pennies and are unable to dish out exact change. Banks, meantime, are unable to order fresh pennies and are rationing pennies for their customers. The president announced earlier this year it would no longer mint pennies. The US Mint spent 3.7 cents to make a penny in 2024. Chris DiMaio, Fox News.

[A]

Despite pennies being scarce in some places, the US treasury estimates there are still about 114 billion pennies in circulation. On Thursday Night Football, the Baltimore Ravens had an easy win to kick off Week 9 of the NFL season 28, 6 beating the Miami Dolphins. I'm Dave Anthony and this is FOX News.