Summary4 min read

Fox News Hourly Update – 12AM ET, July 2, 2026

Main Theme:
This episode delivers a rapid-fire roundup of the latest headlines in U.S. politics, international trade, celebrity news, public safety, and the economy. Key topics include the Trump administration’s plans regarding the USMCA trade deal, legal challenges facing a former CIA director, high-profile celebrity events, immigration policy in New York City, and surging gas prices in California.

Key Discussion Points & Insights

1. USMCA Trade Deal Will Not Be Renewed

[00:02] Sue Guzman: Announces that the North American trade deal from the first Trump term (USMCA) will not be renewed.
[00:15] Unnamed Trump Administration Official: Confirms the U.S. will not seek to extend USMCA, opting instead for separate, decade-long bilateral agreements with Mexico and Canada.
- The official highlights, “That letter is not going to be sent from the United States. And that triggers the sunset clause for USMCA…this is an agreement that's in place until 2036. But now we know the agreement will not go after 2036.”

2. Former CIA Director Files Lawsuit Over Justice Department Probe

[00:54] Jared Halpern:
- Reports that John Brennan (former CIA Director) is suing the Trump administration to ensure records from a DOJ investigation into himself are preserved.
- Key insight: “Brennan says the records are essential for him to defend himself in the event he is indicted. The suit suggests Brennan will argue a vindictive prosecution.”
- Notes the unusual nature of seeking court intervention to preserve records before charges are filed.
- Details that President Trump has repeatedly called for investigations into Brennan regarding the origins of the 2016 Russia probe.

3. Celebrity News: Swift & Kelce Wedding

[01:32] Sue Guzman:
- Reports that Taylor Swift and Travis Kelce are set to marry Friday at Madison Square Garden, with a rehearsal dinner planned in New York the night before.
- Mentions a viral moment: “A pair of masked daredevils taking their love to new heights, scaling the Empire State Building's nearly 1500 foot antenna…and unfurling a banner getting engaged,” who were later arrested by NYPD.

4. Immigration Enforcement in New York City

[02:23] Sue Guzman: Introduces the Trump administration’s hints at an immigration crackdown in NYC.
[02:29] Secretary Mullen:
- States that the “one big beautiful bill” has improved the economy and safety but raises concerns about NYC’s political environment leading to increased crime: “ICE, in his words, may have to flex a bit more there.”
[02:48] Unnamed Law Enforcement Official:
- Asserts: “We've arrested some of the worst of the individuals that's coming out of New York City because they feel like it's a safe haven. And when they come in here, they also bring in tremendous amount of organized crime.”
[02:57] Secretary Mullen: Highlights recent New York State laws barring local police from assisting with federal immigration enforcement.

5. Gas Prices Soar in California

[03:07] Sue Guzman: Highlights that California’s gas prices are now the highest in the nation.
[03:21] William Lajeuness:
- Reports California’s gas tax hit 63 cents per gallon due to a new increase: “Today’s increase is only 2 cents, but that brings the state gas tax to 63 cents a gallon.”
- Plus, “the state adds $1.20 to every gallon of gas sold in the U.S.” when including other fees and taxes.
- Notes U.S. Senator Adam Schiff’s focus on oil companies' price gouging, not taxes, when addressing high gas prices.
[03:47] Sue Guzman:
- “AAA reports California's average price $5.41 a gallon…national average is $3.85.”
- Most Americans are seeing prices fall as the Fourth of July approaches, with U.S. crude closing 2% lower at $68.58 a barrel.

Notable Quotes & Memorable Moments

Unnamed Trump Official on USMCA:
"That letter is not going to be sent from the United States. And that triggers the sunset clause for USMCA...this is an agreement that's in Place until 2036. But now we know the agreement will not go after 2036." – [00:15]
Jared Halpern on Brennan Lawsuit:
"The suit suggests Brennan will argue a vindictive prosecution. It is unusual for courts to be asked to order records be preserved before a criminal case is charged." – [00:54]
Secretary Mullen on NYC Enforcement:
"ICE, in his words, may have to flex a bit more there." – [02:29]
Law Enforcement on NYC Crime:
"We've arrested some of the worst of the individuals that's coming out of New York City because they feel like it's a safe haven. And when they come in here, they also bring in a tremendous amount of organized crime." – [02:48]
William Lajeuness on CA Gas Taxes:
"The state adds $1.20 to every gallon of gas sold in the U.S. so yesterday in a press conference, U.S. senator Adam Schiff did not mention the tax when he complained about high gas prices, instead blaming oil companies for price gouging." – [03:21]

Important Segment Timestamps

USMCA not renewed: [00:02] – [00:47]
Brennan lawsuit over DOJ probe: [00:54] – [01:32]
Swift & Kelce wedding; Empire State Building stunt: [01:32] – [02:00]
Immigration crackdown in NYC: [02:23] – [03:07]
California gas prices; national gas trends: [03:07] – [04:20]

This Fox News Hourly Update provides a concise, news-heavy snapshot of major national and regional developments, focusing on political maneuvers, legal battles, and economic issues affecting Americans across the country.

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Transcript14 lines

[00:03]
Sue Guzman
North American trade deal for the first Trump term won't be renewed. I'm Sue Guzman, Fox News. And the U.S. trade Representative says the U.S. mexico, Canada trade agreement is not going to see a new form.
[00:15]
Unnamed Trump Administration Official
A Trump administration official confirming that the US Will not renew the USMCA and instead make individual agreements with both Mexico and then Canada that would last 10 years in length on this. Now, the USMCA, they had to send a letter today saying that they wanted to extend or keep going, going with the usmca. That letter is not going to be sent from the United States. And that triggers the sunset clause for usmca. Now, sunsetting USMCA doesn't happen immediately. This is an agreement that's in Place until 2036. But now we know the agreement will not go after 2036.
[00:48]
Sue Guzman
Fox's Edward Lawrence the White House. A former CIA director suing the Trump administration over at Justice Department probe.
[00:55]
Jared Halpern
Former CIA Director John Brennan is suing the Trump administration, demanding records from an investigation into him are preserved in the lawsuit. Brennan says the record essential for him to defend himself in the event he is indicted. The suit suggests Brennan will argue a vindictive prosecution. It is unusual for courts to be asked to order records be preserved before a criminal case is charged. President Trump has called for investigations into Brennan, accusing the former CIA director of lying about the origins of the investigation into Russian election interference during the 2016 campaign. In Washington, Jared Halpern, FOX News.
[01:32]
Sue Guzman
Taylor Swift and Travis Kelce will reportedly be tying the Friday at New York's Madison Square Garden. The Associated Press says the couple will also hold a rehearsal dinner in the Big Apple Thursday night. And a pair of masked daredevils taking their love to new heights, scaling the Empire State Building's nearly 1500 foot antenna Wednesday and unfurling a banner getting engaged. They were greeted by the NYPD when they got to the bottom, charged with burglary and reckless endangerment. America is listening to FOX News.
[02:00]
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[02:24]
Sue Guzman
The Trump administration hinting at a crackdown on illegal immigration in the state's most populous city.
[02:29]
Secretary Mullen
Secretary Mullen said passage of the one big beautiful bill has helped Americans economically and also bolstered safety. He was asked about the possibility of more ICE agents in New York City. While he didn't commit to that. He did say political leanings of the city has caused a surge in crime. So ice, in his words, may have to flex a bit more there.
[02:49]
Unnamed Law Enforcement Official
We've arrested some of the worst of the individuals that's coming out of New York City because they feel like it's a safe haven. And when they come in here, they also bring in tremendous amount of organized crime.
[02:57]
Secretary Mullen
New York State recently passed laws barring local jurisdictions from using cops and facilities for federal immigration enforcement. In New York, Gernall Scott, FOX News
[03:07]
Sue Guzman
protesters in other US Cities have criticized the surge in ICE enforcement. California's gas price is the highest in the Nation, more than $1.60 higher than the national average. The pain augmented by an automatic gas tax that kicked in on Wednesday.
[03:22]
William Lajeuness
Today's increase is only 2 cents, but that brings the state gas tax to 63 cents a gallon. When you add in other environmental fees in taxes, the state adds $1.20 to every gallon of gas sold the in the U.S. so yesterday in a press conference, U.S. senator Adam Schiff did not mention the tax when he complained about high gas prices, instead blaming oil companies for price gouging.
[03:48]
Sue Guzman
Fox's William Lajeuness in Los Angeles. AAA reports California's average price $5.41 a gallon. Well, most of the country's drivers, though, are celebrating paying less at the pump. As we head into the Fourth of July holiday, AAA says the national average is $3.80, 85 cents a gallon. It's a 48 cent drop over the past month, but 87 cents less than before the conflict with Iran started. Falling oil prices helping to fuel the decline. U.S. crude closing 2% lower in New York at $68.58 a barrel. I'm Sue Guzman. This is Fox News.
[04:20]
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