Fox News Hourly Update: Detailed Summary of the 10 PM ET Newscast on July 24, 2025

The Fox News Hourly Update, hosted by Lisa Licera, delivered a comprehensive overview of the day's significant events and developments. This summary encapsulates the key topics discussed, enriched with notable quotes and structured for clarity.

1. Ghislaine Maxwell's Cooperation with the Justice Department

The newscast opened with updates on the ongoing legal proceedings involving Ghislaine Maxwell, a convicted associate of Jeffrey Epstein.

• Deputy Attorney General Todd Blanche announced plans for a second round of questioning with Maxwell:

  "Round two tomorrow."
  — Lisa Licera, [00:02]

• David Oscar Marcus, Maxwell's attorney, emphasized her cooperation during the initial meeting:

  "He took a full day and asked a lot of questions and Ms. Maxwell answered every single question. She never stopped. She never invoked a privilege. She never declined to answer. She answered all the questions truthfully, honestly and to the best of her ability."
  — David Oscar Marcus, [00:18]

• The meeting, held in Florida where Maxwell is serving a 20-year sentence, is part of ongoing efforts to uncover more information related to crimes against Epstein's victims.

2. President Trump's Visit to the Federal Reserve Amid Renovation Cost Disputes

President Trump conducted a tour of the Federal Reserve's renovation projects, a move met with scrutiny over alleged cost overruns.

• A White House correspondent reported Trump's intent to oversee the renovation firsthand:

  "The president says he wanted to see construction for himself, himself to understand what he says is a more than 3 billion dollar renovation at the Federal Reserve."
  — [01:01]

• Federal Reserve Chair Jerome Powell contested President Trump's claims regarding the renovation costs:

  "You just added in a third building."
  — Jerome Powell, [01:14]

• The conversation highlighted discrepancies in reported costs, with Powell clarifying:

  "It was built five years ago."
  — Jerome Powell, [01:20]

• Despite criticisms, President Trump stated no plans to replace Powell before his term concludes next year.

3. Federal Funding Cuts for Public Broadcasting and Foreign Aid

In a significant policy shift, President Trump signed a measure to rescind approximately $9 billion in federal funding previously sanctioned by Congress.

• Jared Halpern of the White House detailed the scope of the cuts:

  "The bulk of the spending cuts is for foreign assistance with about 1.1 billion for the Corporation for Public Broadcasting."
  — Jared Halpern, [01:34]

• This move affects both public broadcasting services and international aid programs, reflecting the administration's budgetary adjustments.

4. California's Ammunition Background Check Law Declared Unconstitutional

A pivotal legal decision struck down California's law mandating background checks for ammunition purchases.

• Kristin Goodwin reported on the court's ruling:

  "In a 2 to 1 decision, the 9th U.S. Circuit Court of Appeals in Pasadena struck down a California law requiring gun owners to undergo background checks to buy ammunition, finding it to be unconstitutional."
  — Kristin Goodwin, [02:31]

• The appellate court upheld a lower court's injunction, asserting that the law infringed upon the fundamental right to keep and bear arms.

  "By subjecting Californians to background checks for all ammunition purchases, California's ammunition background check regime infringes on the fundamental right to keep and bear arms."
  — Kristin Goodwin, [02:31]

• This decision marks a significant moment in the ongoing national debate over gun control and Second Amendment rights.

5. Acquittal of Canadian World Junior Hockey Team Members in Sexual Assault Case

The newscast covered a high-profile legal case in Canada involving members of the national World Junior Hockey team.

• Superior Court Justice Maria Karacha acquitted five former team members:

  "The complainant's allegations lack the credibility needed to justify the charges."
  — Maria Karacha, [03:14]

• Justice Karacha stated that prosecutors failed to meet the burden of proof required for the sexual assault charges, leading to the acquittals.

6. Public Support for Legal Abortion Post-Roe v. Wade Overturn

A recent survey indicates sustained public backing for legal abortion three years after the landmark Supreme Court decision.

• Jerome Powell presented the survey findings:

  "People taking part in the AP north conducted July 10th through the 14th. It shows about 2/3 of US adults think abortion should be legal in all or most cases. About half of those surveyed believe abortions should be available in their state if someone does not want to be pregnant for any reason, and they're just as likely to feel the same way in the strictest states."
  — Jerome Powell, [03:39]

• The survey further highlighted robust support for abortion access in situations involving rape, incest, medical emergencies, or fatal fetal abnormalities, even in states enforcing strict bans.

7. Wall Street Market Performance

The financial segment provided an update on stock market movements, reflecting the day's economic landscape.

• CJ Papa reported that the Dow Jones Industrial Average experienced a decline, while the Nasdaq and S&P showed gains:

  "The Dow lost 316, the Nasdaq plus 37. Adding to its record, the S&P gained 4 points, also leading to an all-time high."
  — CJ Papa, [04:09]

• These fluctuations indicate a volatile market environment with mixed investor sentiments.

Conclusion

The July 24, 2025, episode of Fox News Hourly Update encapsulated a range of critical issues, from high-profile legal cases and presidential decisions to significant court rulings and public opinion surveys. By delivering timely and detailed coverage, the newscast provided listeners with a comprehensive understanding of current events shaping the national and international landscape.