12PM ET 06/24/2026 Newscast

Summary

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Fox News Hourly Update – 12PM ET, June 24, 2026

Main Theme: This episode delivers a concise roundup of the day's top national and international news, focusing on the cancellation of a major housing bill signing amid political tensions in Washington, recent socialist victories in New York primaries, a devastating Texas summer camp bankruptcy, record-setting heatwaves across Europe, groundbreaking developments at the Olympics, and a notable Wall Street rally.

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Key Discussion Points & Insights

1. White House Turmoil: Housing Bill Signing Scrapped

• [00:02–00:48]
  • President Trump unexpectedly canceled the signing of the bipartisan “21st Century Road to Housing Act,” linking the delay to a push for stricter voter ID and citizenship requirements as outlined in the “Save America Act.”
  • The housing bill, which had broad bipartisan support, aimed to:
    • Cap corporate ownership of single-family homes
    • Update zoning guidelines
    • Boost housing stock and lower prices
  • President Trump’s stance: He will not sign the housing bill “until such time as we pass the Save America act legislation adding voter ID and proof of citizenship requirements.”
  • Republican Senate leadership indicated they lack the votes to advance the Save America Act or change filibuster rules.
  • A lunch meeting between the President and Senate Republicans is expected to address this impasse, alongside possible talks about Iran strategy.

2. New York Primaries: Socialist Wins & GOP Reactions

• [01:17–01:27]
  • House Speaker Mike Johnson reacts to “socialist victories in New York primaries,” warning of a growing domestic threat with the memorable line:
    • Mike Johnson [01:17]: "These are the times that Reagan was warning about. He was warning about communism overseas. Now it is on our own shores and it is a very serious time. And every American needs to wake up and understand a threat."
  • Three socialist-backed winners were endorsed by New York City Mayor Zoran Mamdani, including ousting two Democratic incumbents.
  • Mamdani frames these results as evidence that “New Yorkers are hungry for a new kind of politics.”

3. Earthquake in Northern California

• [01:27–02:00]
  • A moderate earthquake (preliminary 5.6 magnitude) strikes 140 miles northeast of San Francisco.
  • No immediate damage or injuries reported.

4. Camp Mystic Files for Bankruptcy After Tragedy

• [02:31–03:16]
  • Camp Mystic, the Texas summer camp devastated by fatal flooding in 2025, has filed for bankruptcy.
    • Assets: up to $500,000 | Debts: $10 million
    • The camp faces lawsuits from families of 25 campers and two counselors killed in the July 4th flooding, seeking about $1 million in damages.
    • The camp owner, Richard Eastland, also died in the disaster, which killed 130+ people.
    • Plans to reopen the camp in 2026 were canceled as investigations continue.

5. Extreme Heat & Infrastructure Strain in Europe

• [03:16–03:39]
  • Europe faces deadly heatwaves, especially in the UK and France, with temperature records falling.
    • UK issues a “red heat alert”: risk to life and critical disruption to power, water, and phone services.
    • Paris recently reaches 105°F.
    • Multiple drownings reported as people seek relief in rivers and lakes.

6. Olympic Athletes Receive Historic Financial Reward

• [03:39–04:21]
  • For the first time, nearly 3,000 athletes from the latest Winter Games will each get $10,000, part of a new IOC-managed fund totaling over $100 million.
    • Announced by former NBA star Pau Gasol, now an IOC member.
    • Represents a shift from only awarding medals to offering financial benefits for participation.
  • Pau Gasol [04:00]: “The IOC committed more than $100 million to this fund, which Olympic athletes can access by applying for one of the $10,000 grants after competition.”

7. Wall Street Rally

• [04:21–04:26]
  • The Dow posts a strong gain, up 457 points.

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Notable Quotes & Moments

• President Trump's decision to link housing reform and voter ID:
  "[The president] says the signing is canceled until such time as we pass the Save America act legislation adding voter ID and proof of citizenship requirements." (Jared Halpern, 00:38)

• Speaker Mike Johnson's warning about ‘socialism on our shores’:
  "These are the times that Reagan was warning about. ... Now it is on our own shores and it is a very serious time. And every American needs to wake up and understand a threat." (Mike Johnson, 01:17)

• Paris enduring historic heat:
  "Paris topping 105 degrees in the past week; there have been multiple drownings as people jump into water trying to stay cool." (Lisa Brady, 03:39)

• IOC’s rationale for athlete grants:
  "This new venture from the IOC rewards participation." (Power Gasol, 04:00)

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Timestamps for Key Segments

• Housing bill signing canceled & voter ID debate: 00:02–00:48
• New York socialist primary wins & GOP reaction: 01:17–01:27
• Northern California earthquake report: 01:27–02:00
• Texas camp bankruptcy after tragic flood: 02:31–03:16
• European heatwave update: 03:16–03:39
• Olympic athlete payment announcement: 03:39–04:21
• Wall Street rally: 04:21–04:26

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This summary delivers a concise yet thorough walkthrough of all major news topics in this Fox News Hourly Update, highlighting the political, social, and environmental developments shaping national and international headlines on June 24, 2026.

Transcript

[Lisa Brady]

A surprise in Washington on Lisa Brady, FOX News. The president scrapping today's planned signing ceremony for a bipartisan housing bill because of his push for tougher voter ID laws.

[Jared Halpern]

President Trump was set to sign the 21st century road to Housing act this afternoon, but now says he is canceling the event until the Save America act is passed. The housing legislation won broad bipartisan approval with provisions capping corporate ownership of single family homes and updating zoning guidelines, all in an effort to boost housing stock and lower prices. But in a social media post, the president says the signing is canceled until such time as we pass the Save America act legislation adding voter ID and proof of citizenship requirements.

[Lisa Brady]

Fox's Jared Halpern at the White House. The Senate majority leader has said Republicans don't have the votes to clear a procedural hurdle for that bill or at this point to scrap the filibuster rule and eliminate that hurdle. The president's post came just a few hours before a lunch meeting with Senate Republicans. Many other topics could come up at that meeting, including the president's Iran strategy as talks with Iran continue. House Speaker Mike Johnson sounding the alarm over socialist victories in New York primaries last night.

[Mike Johnson]

These are the times that Reagan was warning about. He was, he was warning about communism overseas. Now it is on our own shores and it is a very serious time. And every American needs to wake up and understand a threat.

[Lisa Brady]

Three winners were backed by New York City Mayor Zoran Mamdani. What I see these results as a reflection of are the that New Yorkers are hungry for a new kind of politics. Two of his candidates ousting Democratic congressmen. Just getting word of a moderate earthquake in Northern California shaking a remote area centered about 140 miles northeast of San Francisco. Preliminary magnitude 5.6. No immediate reports of any damage or injuries. America is listening to FOX news.

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[Lisa Brady]

The Texas summer camp where young girls and counselors were killed in flooding last year. Files for bankruptcy.

[Jessica Rosenthal]

Documents filed in bankruptcy court in Houston reveal Camp mystic is $10 million in debt with assets up to only $500,000 last fall. Families of the 25 campers and two counselors killed in the July 4th flooding sued for roughly $1 million in damages. They say the camp was unprepared for an emergency. The flooding along the Guadalupe river that day killed more than 130 people, including the owner of Camp Mystic, Richard Eastland. The camp was going to reopen this summer but canceled plans to do so a couple months ago, saying in a statement that no summer season should move forward, with families continuing to grieve and while investigations continue. Jessica Rosenthal, FOX News More temperature records

[Lisa Brady]

are falling in Europe, where extreme heat has turned deadly.

[Jonathan Savage]

A red heat alert is in place for parts of the United Kingdom. That means there's a high risk to life and substantial disruption. Brits are advised to take immediate action to stay safe as temperatures climb towards 100 degrees, record breaking for the month of June. We're told power supplies, phone services and water could be disrupted.

[Lisa Brady]

Fox's Jonathan Savage Paris topping 105 degrees in the past week, there have been multiple drownings as people jump into water trying to stay cool. Nearly 3,000 Olympians who competed in this year's Winter Games are said to be the first to get paid through a fund created by the International Olympic Committee to give athletes $10,000 a piece in Lausanne, Switzerland.

[Power Gasol]

The IOC committed more than $100 million to this fund, which Olympic athletes can access by applying for one of the $10,000 grants after competition. In recent years, there have been conversations about paying prize money at the Olympics. This new venture from the IOC rewards participation. This project announced Wednesday by former NBA star Power Gasol, a member of the ioc.

[Lisa Brady]

Fox's Jared Max There's a rally on Wall street. The Dow's up 457.

Lisa Brady, Fox News Cheers to America's 250th birthday. Get 20% off your first purchase at foxnewswineshop.com with code FNRADIO20. 20% discount excludes wine club offers and cannot be combined with any other promotion. Expires July 31, 2026. Must be 21 or older to order. Please drink responsibly.