12PM ET 06/12/2026 Newscast

Summary

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Fox News Hourly Update – 12PM ET 06/12/2026

Host: Chris Foster, FOX News Podcasts
Date: June 12, 2026

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Episode Overview

This hourly Fox News update covers pressing and breaking headlines as of midday June 12, 2026. The main themes span rapid-developing foreign diplomacy (notably US-Iran peace deal negotiations), major business milestones (SpaceX IPO, Sleep Number bankruptcy), pivotal legal proceedings (Charlie Kirk murder trial, Trump administration settlement fund), fuel price fluctuations in connection to international negotiations, and severe Midwest weather disruptions. The pace is brisk, focusing on concise news delivery.

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Key News Segments & Insights

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1. US-Iran Peace Deal Uncertainty

• [00:03] Chris Foster: President Trump refutes details about a potential US-Iran peace deal leaked by Iranian sources. On Truth Social, he brands Iranian negotiators "dishonorable" and urges swift action on their part.

  • Quote:

    "President Trump says terms of a peace agreement leaked by Iran have nothing to do with what's been agreed to in writing. And he calls Iranian negotiators dishonorable in his post on Truth Social..." – Chris Foster (00:03)

• [00:16] Jessica Rosenthal: Conflicting narratives exist:

  • The White House states the deal requires the dismantling of Iran's nuclear program and the reopening of the Strait of Hormuz.

  • Iranian state media claims the US will lift sanctions and release frozen funds after a ceasefire in Lebanon.

  • Iran’s Foreign Minister says an MoU has never been closer, urging the media to avoid speculating until finalization.

  • Quote:

    "...the Iranian state media is reporting the US has agreed to lift sanctions and release frozen Iranian funds and that that will occur final negotiations beginning with a cease fire in Lebanon." – Jessica Rosenthal (00:16)

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2. SpaceX Goes Public – Musk Becomes Trillionaire

• [00:45] Chris Foster:

  • SpaceX's IPO launches at $150/share, valuing the company at $1.96 trillion.

  • Elon Musk becomes the world's first trillionaire.

  • Quote:

    "...making founder and majority shareholder Elon Musk the world's first trillionaire." – Chris Foster (00:45)

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3. Charlie Kirk Murder Case – Evidence Disputes

• [01:02] Coverage of Utah court hearing:

  • Defense seeks to restrict evidence released to the public.

  • Prosecutors possess surveillance video, DNA, and a witness interview from Lance Twiggs (Robinson’s lover/roommate and alleged confidee).

  • Defense argues the use of hearsay evidence would violate due process, as cross-examination isn't possible, and requests inadmissibility.

  • Quote:

    "...prosecutors say they have surveillance video placing Robinson at the crime scene at the time Charlie Kirk was shot and killed, as well as DNA evidence..."
    "...defense argues since they can't cross examine those witnesses directly, it violates Robinson's right to due process." – [01:02]

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4. Trump Administration Settlement Fund – Court Blocks Payments

• [01:42] Chris Foster:

  • Federal judge indefinitely extends block on the $1.8B settlement fund for alleged political prosecutions.

  • Acting AG Todd Blanche aims to scrap the fund but judge requests a sworn declaration confirming its permanent end.

  • Quote:

    "...court order block on the Trump administration's $1.8 billion settlement fund for people claiming political prosecutions is extended indefinitely..." – Chris Foster (01:42)

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5. Oil & Gas Prices Tied to Middle Eastern Negotiations

• [02:17] Chris Foster:

  • National average gas price: $4.10/gal, down 2 cents; oil prices fell 1%.

  • President Trump forecasts prices will drop rapidly and the Strait of Hormuz will open soon.

  • [02:30] Connor Hansen: Industry execs warn volatility remains; delays may still impact supply and consumer prices, even with a deal.

  • Quotes:

    "President says prices will come down quickly and the Strait of Hormuz will open right away." – Chris Foster (02:17)
    "...some analysts are concerned that prolonged holdup is drying up inventory across the globe and still means there will be a delay before consumers notice the difference." – Connor Hansen (02:30)

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6. South Korean Leadership Sentencing

• [02:49] C.J.:

  • Former President Yoon Suk Yeol gets an additional 30-year sentence (after life sentence) for rebellion tied to December 2024 martial law and ordering drone flights over Pyongyang.

  • Defense claims the drone flights responded to provocations from North Korea.

  • Quote:

    "Ousted President Yoon Suk Yeol, already sentenced to life in prison for a rebellion conviction... receives another sentence, this one for 30 years." – C.J. (02:49)

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7. Sleep Number Files for Bankruptcy

• [03:26] Chris Foster, [03:32] Linda Finley:

  • Sleep Number files Chapter 11, merges with Sleep Country Canada; stores remain open.

  • Company struggles with high debt and a $50 million recent loss.

  • CEO Linda Finley says operational progress made, but finances remain "unsustainable."

  • Quote:

    "...while the company made meaningful progress advancing its turnaround efforts... its overall financial structure remains unsustainable." – Linda Finley (03:32)

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8. Midwest Storms Cause Major Outages

• [04:01] Chris Foster:
  • 390,000 homes/businesses lose power due to storms.
  • At least one tornado-related death reported in Iowa.

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Notable Quotes & Moments

• Trump on Iran:
  "They better get their act together fast." – Chris Foster channeling President Trump (00:03)

• On SpaceX IPO:
  "Making founder and majority shareholder Elon Musk the world's first trillionaire." – Chris Foster (00:45)

• On Sleep Number Bankruptcy:
  "...its overall financial structure remains unsustainable." – CEO Linda Finley (03:32)

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Timestamps for Important Segments

• US-Iran Deal Conflicts: 00:03–00:45
• SpaceX IPO & Musk: 00:45–01:02
• Charlie Kirk Murder Evidence Hearing: 01:02–01:42
• Trump Admin Settlement Fund Blocked: 01:42–02:02
• Oil/Gas Price Analysis: 02:17–02:45
• South Korean Sentencing: 02:49–03:26
• Sleep Number Bankruptcy News: 03:26–04:01
• Midwest Storm & Tornado Outage: 04:01–04:13

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This update delivers a rapid-fire summary on diplomacy, business, legal news, energy markets, and severe weather — reflecting Fox News’ fast-paced, headline-driven format.

Transcript

[Chris Foster]

That's not the deal. I'm Chris Foster, Fox News. President Trump says terms of a peace agreement leaked by Iran have nothing to do with what's been agreed to in writing. And he calls Iranian negotiators dishonorable in his post on Truth Social and they better get their act together fast.

[Jessica Rosenthal]

While a White House official told Fox the deal calls for dismantling of Iran's nuclear program, destruction and removal of nuclear material, and the reopening of the Strait of Hormuz, the Iranian state media is reporting the US has agreed to lift sanctions and release frozen Iranian funds and that that will occur final negotiations beginning with a cease fire in Lebanon. Iran's foreign minister has written that their memorandum of understanding has never been closer and that the media should refrain from speculating about the details until it's finalized. Jessica Rosenthal, FOX News.

[Chris Foster]

Space X is now public with the first trades minutes ago at $150 a share, giving the rocket maker a market value of $1.96 trillion, making founder and majority shareholder Elon Musk the world's first trillionaire. The man accused of murdering Charlie Kirk is back in court in Utah for a hearing about evidence.

[Tyler Robinson's Lawyer / Prosecutor (unspecified)]

Tyler Robinson's lawyers are trying to once again limit how much evidence the public can see. Prosecutors say they have surveillance video placing Robinson at the crime scene at the time Charlie Kirk was shot and killed, as well as DNA evidence. And prosecutors in this case say they plan to introduce written witness statements and a recorded interview with Lance Twiggs, Robinson's lover and roommate to whom he allegedly confessed. But the the defense argues since they can't cross examine those witnesses directly, it violates Robinson's right to due process. And today they're asking the judge to prohibit hearsay evidence from coming in.

[Chris Foster]

Fox's Claudia Cowan. A court order block on the Trump administration's $1.8 billion settlement fund for people claiming political prosecutions is extended indefinitely by a federal judge in Virginia. Acting Attorney General Todd Blanche has said plans for the fund are scrapped, but the judge wants a sworn declaration it won't be revived. America's listening to FOX News with American.

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[Chris Foster]

gas is 4.10a gallon on average nationwide, according to AAA, 2 cents cheaper than yesterday. And oil prices are down about a percent. With President Trump saying an Iran peace deal is close, industry executives warn the White House. Though gas prices could surge, the president

[Connor Hansen]

says prices will come down quickly and the Strait of Hormuz will open right away. But some analysts are concerned that prolonged holdup is drying up inventory across the globe and still means there will be a delay before consumers notice the difference.

[Chris Foster]

Business correspondent Connor Hansen. It's a lot more time in prison for a former South Korean president.

[C.J.]

Ousted President Yoon Suk Yeol, already sentenced to life in prison for a rebellion conviction connected to his martial law decree in December 2024, receives another sentence, this one for 30 years. His defense minister was handed the same penalty from a court in Seoul. The latest penalty linked to Yoon allegedly ordering drone flights over Pyongyang in 2024 to ramp up tensions with North Korea. To justify declaring martial law. The north said the south dropped propaganda leaflets in October 2024. Yoon's lawyers ripped the rulings, saying the flights were in response to the north dropping trash carrying balloons into the south earlier that year. C.J.

[Chris Foster]

papa, Fox News the Sleep Number Adjustable Bed Company files for Chapter 11 bankruptcy and merges with a Canadian company.

[Linda Finley]

It plans to combine with Sleep Country Canada and says stores will remain open during the reorganization process. Sleep Number, based in Minneapolis, has been dealing with high debt. It lost $50 million in the recent quarter. Sleep Numbers CEO Linda Finley says while the company made meaningful progress advancing its turnaround efforts and strengthening operations, its capital structure, its overall financial structure remains unsustainable.

[Chris Foster]

Fox's Jenica solo Around 390,000 homes and businesses are without power due to storms in the Midwest. At least one tornado death is reported in Iowa. I'm Chris Foster. This is FOX News.

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