Fox News Hourly Update – Detailed Summary Episode: 12AM ET 07/16/2025 Newscast | Release Date: July 16, 2025

1. Major AI Investments and U.S. Strategy

President Trump's Vision for American Dominance in AI

In a significant push to establish the United States as the global leader in artificial intelligence, President Donald Trump outlined a monumental investment strategy during his visit to Pittsburgh on Tuesday.

• Investment Announcement: President Trump announced over $90 billion in investments aimed at constructing massive AI data centers and related projects. "We believe that America's destiny is to dominate every industry and be the first in every technology. And that includes being the world's number one superpower in artificial intelligence." (00:06)

• Scope of Investments: Among the key players contributing to this initiative are tech giants Google and Blackstone, each pledging $25 billion. "We're back in Pittsburgh to announce the largest package of investments in the history of the Commonwealth of Pennsylvania. And it's not even close. I don't imagine it's too close. I don't think second is. I don't think second is too close." (00:30)

• Objective: The overarching goal is to surpass China in the AI sector, ensuring the U.S. maintains technological supremacy.

2. U.S. Policy Towards Russia and Ukraine

Military and Diplomatic Stance Amid Ongoing Conflict

President Trump addressed the evolving situation in Ukraine, clarifying the administration's position on military support and diplomatic efforts.

• Military Assistance: While downplaying the deployment of long-range weapons to Ukraine that could potentially target Russia, President Trump stated, "I do not expect the war to end soon." (00:44)

• Sanctions on Russia: Introducing a stringent timeline, the President imposed a 50-day deadline for Russia to secure a peace deal. Failure to comply would trigger 100% sanctions on Russia and any nations engaging in business with it. "In addition to the billions of dollars of US weapons, the President imposed a 50 day deadline for Russia to reach a peace deal or else face 100% sanctions on Russia and any country that does business with Russia." – Jackie Heinrich (01:01)

3. Political Developments: Legislative Actions and National Security

Senate Republicans Advance $9 Billion Spending Cuts

The Senate witnessed a pivotal moment as Republicans moved forward with a $9 billion spending cuts package on Tuesday night.

• Procedural Vote: The rescissions package, which affects funding for foreign aid, narrowly passed with a vote of 50 to 51. Vice President J.D. Vance played a crucial role by casting the tie-breaking vote. "The procedural vote on the rescissions package... passed 50 to 51, with Vice President J.D. Vance casting the tie-breaking vote." (03:07)

• National Guard Deployment: Concurrently, the Pentagon announced the release of approximately half of the California National Guard troops previously deployed to Los Angeles. This move responds to the controversy surrounding the initial deployment, which was intended to protect federal property amid immigration enforcement operations but faced opposition from California Governor Gavin Newsom.

4. Domestic Incidents: Minnesota Shooting and Assisted Living Facility Fire

Tragic Shootings in Minnesota

A federal grand jury indicted Vance Belter for the fatal shooting of Minnesota State Representative Melissa Hortman and her husband, along with the serious wounding of a state senator and his wife. The charges include murder, suicide, stalking, and firearms violations. "A federal grand jury indicts the man accused of fatally shooting Minnesota State Representative Melissa Hortman and her husband and seriously wounding a state senator and his wife." (01:15)

Assisted Living Facility Fire in Gabriel House, Fall River

A devastating fire at an assisted living facility resulted in the deaths of nine residents and injuries to at least thirty others. Investigations revealed that the facility failed to report 26 health and safety violations within the mandated 24-hour period between May and October 2020. Additional concerns include missing documents and improper medication administration. Questions have also arisen regarding staffing levels and emergency preparedness plans at the time of the fire. "Assisted living facility where fire killed nine residents was cited for not reporting health and safety violations." – Gernall Scott (04:17)

5. Economic Update: Consumer Price Index and Stock Market Performance

Inflation Metrics Remain Steady

Economic indicators show a continued rise in consumer prices, though the data suggests minimal impact on Federal Reserve policies.

• Consumer Price Index (CPI): The CPI increased by 2.7% year-over-year in June, while the core CPI (excluding food and energy) rose by 2.9%. "The consumer price index rising 2.7% in June annually in core PCI excluding food and energy, was up 2.9%. The data is unlikely to sway the Fed's course of interest rates." – Hillary Barsky (01:35)

Stock Market Performance

The stock market exhibited mixed results following the CPI report. Notably, chipmaker Nvidia contributed significantly to the NASDAQ achieving a record close. "Stocks ended mixed with the CPI report and chipmaker Nvidia helping to propel the NASDAQ to a record close." – Hillary Barsky (01:46)

Closing Note: For comprehensive coverage and the latest updates, continue listening to Fox News Radio.