12PM ET 06/17/2026 Newscast

Summary

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Fox News Hourly Update – 12PM ET 06/17/2026

Main Theme

This episode delivers an up-to-the-minute snapshot of headline stories including developments in U.S.-Iran relations, market reactions to easing Persian Gulf tensions, the latest on Tropical Storm Arthur, sentencing in a notorious New York serial killer case, economic moves from the Federal Reserve, a high-profile murder trial, and World Cup updates.

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1. U.S. & Iran: Nuclear Deal Negotiations

Key points:

• Ongoing negotiations between the U.S. and Iran over a memorandum of understanding (MOU) regarding Iran’s nuclear capabilities.
• President Trump affirms the deal’s strength and warns of possible military action if terms aren't satisfactory.

Quotes & Moments:

• [00:03] Carmen Roberts: “What if Trump doesn't like the Iran deal?”
• [00:08] Eric Shawn (citing Trump’s stance): “And if I don't like it, we'll go back to shooting at them, dropping bombs on their head.”
• [00:14] Carmen Roberts: “President Trump says the memorandum of understanding states that Iran will not have a nuclear weapon, but that is what Iran has pledged since the 1970s.”
• [00:29] Max Gordon: “In Switzerland, we're seeing leaked versions of the agreement popping up, but so far no official version from the White House… President Trump saying today that positions could change in the coming negotiations.”

Further insight:

• U.S. and Iran plan to sign the MOU Friday.
• Mines are still being cleared from the Strait of Hormuz, with the U.S. Navy estimating a 6-month timeline.
• Debate continues over whether Iran will collect tolls in the Gulf after a negotiation period ends.

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2. Economic Impact: Oil, Gas, and Market Reactions

Market Developments:

• Resumed Persian Gulf ship traffic has reduced oil price concerns.
• U.S. crude is at $77 a barrel; national gas average is down to $4.03 a gallon, a 13-cent drop in a week.

Quotes:

• [00:58] Carmen Roberts: “Gas and oil prices have been sliding since the tension has eased a bit... AAA says the national average for gas is 403 a gallon. That is down 13 cents in one week.”

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3. Weather Update: Tropical Storm Arthur

Storm Details:

• First named Atlantic storm of the season, Arthur, is poised to make Texas landfall.
• Warnings for widespread rainfall and flash flooding across Texas and the Deep South.

Quotes:

• [01:27] Adam Klotz (Fox Meteorologist): “Tropical storm force winds are expected from parts of southwest Louisiana, while widespread rainfall from 5 to 10 inches with isolated totals approaching 20 inches could lead to significant flash flooding from Texas into the deep South.”

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4. Gilgo Beach Serial Killer Sentencing

Case Update:

• Rex Heuermann was sentenced to life in prison for the Gilgo Beach killings.

Quotes:

• [01:42] Carmen Roberts: “A judge sentences Rex Heuermann to life in prison in New York's Gilgo beach serial killings. One of the female victim's relatives said a million years isn't enough.”

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5. Federal Reserve & Economic Signals

Fed Chair’s First Test:

• Chairman Kevin Warsh faces his first press conference with expectations of an interest rate pause.
• Inflation ticked up in May due to energy prices, but falling oil may alter trends.

Committee Dynamics:

• Warsh is balancing President Trump’s push for rate cuts against a hawkish committee.

Quotes:

• [02:28] Adam Klotz: “The markets overwhelmingly believe this is going [to] pause today... Warsh thinks of rate cuts, which is what President Trump wants. But his committee is leaning heavily pause or some whispering of a rate hike... He indicated he'll stay independent and move on the data.”

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6. Market & Retail Sales

Update:

• Retail sales rose nearly 1% last month, outpacing predictions, spurred by good weather and stable gas.

Quotes:

• [02:59] Carmen Roberts: “A report shows that shoppers are still spending. Retail sales rose nearly 1% last month, beating expectations as warmer weather and stable gas prices helped boost spending.”

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7. High-Profile Murder Case: Mangione’s Defense

Developments:

• Luigi Mangione will plead a psychiatric defense in the murder of UnitedHealthcare CEO Brian Thompson.

Quotes:

• [03:26] Eric Shawn: “Mangione's lawyers told [the judge] that they will attempt to show that Mangione was suffering from extreme emotional disturbance at the time… arguing he should not be held criminally responsible.”

Case Status:

• Mangione has pleaded not guilty; state trial begins September 8, federal trial delayed until January.

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8. World Cup Highlight: Messi Shines

Sports News:

• Lionel Messi scores to lead Argentina to a 3-0 win over Algeria.

Memorable moment:

• [04:03] Adam Klotz (commenting live): “There's your goal.”

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Notable Quotes by Timestamp

• [00:08] Eric Shawn: “And if I don't like it, we'll go back to shooting at them, dropping bombs on their head.” (On Trump’s position)
• [01:42] Carmen Roberts: “A million years isn't enough.” (Victim relative on Rex Heuermann sentencing)
• [03:26] Eric Shawn: “Mangione's lawyers… will attempt to show that Mangione was suffering from extreme emotional disturbance at the time he allegedly shot United Healthcare CEO Brian Thompson...”
• [04:03] Adam Klotz: “There's your goal.” (On Messi’s World Cup score)

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Key Segment Timestamps

• [00:03] - Iran deal debate and Trump’s warnings
• [00:24] - Deal summary and signing plans
• [00:29] - Status from Switzerland, negotiations, Persian Gulf update
• [00:58] - Oil/gas price slide, storm update
• [01:27] - Storm Arthur, rainfall predictions
• [01:42] - Rex Heuermann sentencing
• [02:16] - Federal Reserve preview
• [02:28] - Interest rate expectations, Warsh’s approach
• [02:59] - Retail sales report, Mangione murder defense
• [03:26] - Details from Mangione’s court appearance
• [04:03] - World Cup: Messi scores

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Overall Tone

The episode contains clear, direct reporting characteristic of Fox News newscasts, with an emphasis on high-stakes diplomacy, economic signals, dramatic legal cases, severe weather, and celebratory sports moments. The language is concise, fact-driven, and occasionally features impactful quotations that crystallize a story’s stakes.

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Transcript

[Carmen Roberts]

What if Trump doesn't like the Iran deal? I'm Carmen Roberts, Fox News.

[Eric Shawn]

And if I don't like it, we'll go back to shooting at them, dropping bombs on their head.

[Carmen Roberts]

President Trump says the memorandum of understanding states that Iran will not have a nuclear weapon, but that is what Iran has pledged since the 1970s.

[Eric Shawn]

It's a very strong deal.

[Carmen Roberts]

And the US and Iran plan to sign that memorandum of understanding Friday.

[Max Gordon]

In Switzerland, we're seeing leaked versions of the agreement popping up, but so far no official version from the White House. President Trump saying today that positions could change in the coming negotiations. Meanwhile, ship traffic is resuming in the Persian Gulf, although the US Navy estimates it could take up to six months to clear the mines in the Strait of Hormuz. It's also unclear if Iran will start collecting a toll at the end of the upcoming 60 day negotiation period. In Dubai, Max Gordon, FOX News.

[Carmen Roberts]

And gas and oil prices have been sliding since the tension has eased a bit. U.S. crude hovering around $77 a barrel. AAA says the national average for gas is 403 a gallon. That is down 13 cents in one week. We have our first named storm of the Atlantic hurricane season, and it is Arthur. Meteorologists believe the tropical storm Arthur, which formed in the Gulf, could make landfall along the Texas coast in the next few hours.

[Adam Klotz]

Tropical storm forest winds are expected from parts of southwest Louisiana, while widespread rainfall from 5 to 10 inches with isolated totals approaching 20 inches could lead to significant flash flooding from Texas into the deep South.

[Carmen Roberts]

Fox meteorologist Adam Klotz and a judge sentences Rex Heuermann to life in prison in New York's Gilgo beach serial killings. One of the female victim's relatives said a million years isn't enough. America's listening to FOX News.

[Fox News Announcer]

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[Carmen Roberts]

Federal Reserve Chairman Kevin Warsh faces his first major test today when he holds a press conference in his new role with borrowers and investors looking for signals on the future of interest rates and the economy.

[Adam Klotz]

The markets overwhelmingly believe this is going a pause today. Now we saw inflation rise in May mainly because of energy prices. But now we have oil prices coming down a little bit and we have to see and get a sense of how Warsh thinks of rate cuts, which is what President Trump wants. But his committee is leaning heavily pause or some whispering of a rate hike. So he's got a very hawkish committee he's dealing with. So Kevin Wash, the 16th person to hold this title since the founding of the Fed in 1914. He indicated he'll stay independent and move on. The data markets will be watching closely.

[Carmen Roberts]

Fox has Ed Lawrence from the White House. As the Fed wraps up its two day meeting, a report shows that shoppers are still spending. Retail sales rose nearly 1% last month, beating expectations as warmer weather and stable gas prices helped boost spending. Luigi Mangione plans to use a psychiatric defense in his New York murder trial and the killing of UnitedHealthcare CEO Brian Thompson. Fox's Eric Shawn has details.

[Eric Shawn]

Judge Gregory Caro said Mangione's lawyers told him that they will attempt to show that Mangione was suffering from extreme emotional disturbance at the time he allegedly shot United Healthcare CEO Brian Thompson, arguing he should not be held criminally responsible. Well, if that argument is successful, Mangione could be sent to a psychiatric treatment facility instead of going to prison.

[Carmen Roberts]

Mangione has pleaded not guilty to state and federal charges, his state trial set for September 8th. Another judge has delayed the federal trial until January. At the soccer soccer's World Cup, a star shines Messi on the turn options either side.

[Adam Klotz]

There's your goal.

[Carmen Roberts]

And that was his first on Fox. And the Messi score led Argentina past Algeria three to nothing.