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Debra Valentine
The president returns. I'm Debra Valentine, FOX News President Trump back in the US following meetings with China's President Xi Jinping in Beijing. President Trump on Fox's Special Report told Bret Baier the two leaders discussed Taiwan.
Edward Lawrence
It's always been his most important thing from the day I knew him years ago. I've known him now 11 years, 12 years. It's always been the biggest thing for him. Taiwan, now with me. I don't think they'll do anything when I'm here. When I'm not here, I think they might.
Debra Valentine
Fox Business Network's Edward Lawrence.
Job
The president says China has agreed to buy more US agriculture and live up to the commitments to buy 25 million tons of soybeans from American farmers each year through 2028. The President on Air Force One also sang China went beyond just planes for the airline industry, buying General Electric engines.
Edward Lawrence
So they're buying General Electric. So it's approximately 400, 450 engines, 200 planes and a promise of up to 750 if they do it.
Job
Job bringing the top executives along on the trip threw the Chinese off, according to the president. It also allowed for movement now, possibly to open Chinese markets to more US Goods as the Chinese president himself said that China would open wider terrorist trade in Iran.
Debra Valentine
Also discuss the Trump administration's move to create southern border barriers, sparking controversy.
Tamra Gotti
The White House wants to seize 14 acres of land on a mountainside owned by the Catholic Church and that attracts thousands of people for an annual religious pilgrimage. The land is at the bottom of Mount Crystal Ray, which has a 29 foot tall statue of Jesus Christ at its summit. The administration has sued the Diocese of Las Cruces in neighboring New Mexico, which is resisting the government's efforts to take the land with an offer of $183,000. The diocese says in legal papers the administration's efforts violate its First Amendment right to religious expression.
Debra Valentine
Tamra Gotti, FOX NEWS America's listening to FOX News.
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Debra Valentine
The Justice Department is charging an Iraqi national with carrying out at least 18 terror attacks against US and Israeli groups overseas.
Brian Yenis
Mohammed Al Saadi making kisses first court appearance in federal court in Manhattan. He has been charged with coordinating terror attacks that aim to stop the U.S. and Israeli war with Iran. He faces six federal counts, including providing material support to a foreign terrorist organization. Now, according to this federal complaint, Al Saudi is charged with planning, coordinating, financing and promoting at least 18 attacks in Europe, plus two in Canada. Now, these were all attacks that were being planned since the start of the war in Iran in February. Now, Alsat planned to kill Americans and Jews, prosecutors say.
Debra Valentine
Fox's Brian Yenis reporting. In 2019, California passed a wildfire recovery compensation program to help people impacted by fires. Specifically, where utility companies may be to blame. Edison International's CEO Pedro Pizarro tells Fox Business the fund will impact communities still recovering from the Eaton fire.
Edward Lawrence
That structure has come to bear in the case of last year's Eaton fire, which unfortunately may be connected to Southern California Edison's infrastructure. Even though we believe that the utilities actions were prudent. And so that fund today has around $21 billion of capacity, much of that may be exhausted by the Eaton fire.
Debra Valentine
Edison International and Southern California International are also creating another smaller fund to help provide compensation. Democratic Colorado Governor Jared Polis Frotic commuted the sentence of former Mesa County Clerk Tina Peters. She's a former election clerk convicted in connection with a 2021 voting equipment bre that became a flashpoint in the election integrity fight. The clemency drew immediate backlash from Colorado Secretary of State Jenna Griswold and praise from President Donald Trump.
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This episode of the Fox News Hourly Update (aired May 16, 2026) delves into major national and international headlines, with key stories including President Trump’s return from China and talks with President Xi Jinping, new China-US trade agreements, controversy over a US border barrier affecting a religious site, developments in international terror prosecutions, wildfire recovery compensation in California, and political fallout from the commutation of a high-profile election clerk’s sentence. The episode is fast-paced, news-focused, and maintains the straightforward, authoritative tone typical of Fox News newscasts.
The episode is clipped, concise, and strictly informative—suitable for those needing a rapid yet comprehensive news roundup. Voices remain authoritative but neutral, aiming for clarity over commentary.