12PM ET 07/22/2025 Newscast

Summary

Fox News Hourly Update: 12PM ET – July 22, 2025 Newscast

Released on July 22, 2025

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Trade Developments: U.S.-Philippines Negotiations

Lisa Brady opens the newscast focusing on President Donald Trump's ongoing trade negotiations with the Philippines.

• President Trump's Statement ([00:09]):

  "We're very close to finishing a trade deal, big trade deal, actually. And we do a lot of business with you. It's a lot of, it's a lot of income coming in for both, for both groups. But I was surprised to see the kind of numbers. They're very big and they're going to get bigger under what we're doing and what we're proposing."

Trump emphasizes the significance of the impending trade agreement, highlighting mutual economic benefits and anticipated growth under the proposed terms.

Trade Stalemate Warning ([00:27]): Brady warns that without a finalized deal, a 20% tariff on goods from the Philippines is set to take effect on August 1. This impending tariff adds urgency to the negotiations, underlining the high stakes involved for both nations' economies.

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Economic Insights: AstraZeneca's U.S. Investment

In the same segment, President Trump highlights AstraZeneca's major investment plans in the United States.

• AstraZeneca Announcement: The pharmaceutical giant has announced a $50 billion investment by 2030, including the establishment of a new manufacturing plant in Virginia. This investment is poised to create numerous jobs and bolster the U.S. pharmaceutical industry.

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Jeffrey Epstein Files Controversy

Thomas Massie, a Kentucky Republican Congressman, defends his resolution demanding the release of all files related to convicted sex offender Jeffrey Epstein.

• Massie's Statement ([00:58]):

  "People have wanted these files for years. And then, you know, the president's staff, administration, his own children, his vice president have promised that these files would come out. And now we're being told it's a hoax."

Massie challenges the Justice Department's memo, which concluded Epstein committed suicide and denied the existence of a client list, suggesting potential cover-ups and fueling ongoing public skepticism.

Deputy Attorney General's Update ([01:10]): A deputy attorney general announces plans to seek a meeting with Epstein's convicted co-conspirator, Ghislaine Maxwell, who is currently incarcerated. This development adds complexity to the ongoing investigations into Epstein's activities.

President Trump's Response ([01:22]):

"Know that they were going to do it. I don't really follow that too much. It's, it's sort of a witch hunt, just a continuation of the witch hunt."

Trump dismisses the investigations as a continuation of a broader "witch hunt," indicating his stance against the current DOJ inquiries.

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Intelligence and Homeland Security Concerns

Focus Shift by the President ([01:30]): President Trump urges the press to concentrate on recent referrals to the Justice Department from the Director of National Intelligence. These referrals suggest potential misconduct by the Obama administration concerning allegations of Russian interference in U.S. elections.

Homeland Security Update ([01:30]): Homeland Security officials inform a Senate hearing that there have been over 3,000 drone incidents near American airports since 2021. Notably, 11 aircraft in the current year reported taking evasive action to prevent drone collisions, highlighting growing security concerns in U.S. airspace.

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Colorado Wildfire Investigation

Lisa Brady reports on a significant wildfire along the Colorado-Utah border.

• Jeff Manasso ([02:36]):

  "It was human caused."

The San Juan County Sheriff's Office in Colorado has identified a suspect responsible for the Deer Creek fire, which has scorched over 17,000 acres since July 10th and destroyed at least 10 structures, including homes. The fire is currently over 50% contained. Details regarding the exact cause and potential arrest of the suspect remain undisclosed.

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International Law Enforcement Updates

Anti-Whaling Activist's Status ([03:08]): Interpol has removed Paul Watson, the 74-year-old former head of the Sea Shepherd Conservation Society, from its international most-wanted list. Watson is renowned for his direct action tactics against whaling vessels and was previously sought by Japan for his 2010 confrontation with a Japanese research ship.

Espionage Conviction ([03:38]): Jonathan Savage reports on the conviction of Howard Phillips, a 65-year-old British national dubbed a "James Bond wannabe," who was found guilty of spying for Russia.

• Court Testimony: Phillips' ex-wife testified that he aspired to emulate James Bond but instead engaged in espionage against the United Kingdom. Believing he was aiding a foreign intelligence agency, Phillips attempted to pass information about a former British defense secretary to Russian agents. However, the individuals he approached were undercover British operatives. Phillips is set to be sentenced later this year.

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Stock Market Overview

Lisa Brady provides a snapshot of the current stock market landscape.

• Market Performance ([04:11]): The stock market exhibits mixed results amid varied earnings reports. General Motors (GM) reported stronger-than-expected profits but forecasts a multibillion-dollar loss due to tariff impacts. The Dow Jones Industrial Average is up by 27 points, while the S&P 500 and Nasdaq are trading in the red, reflecting the volatile economic environment.

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Closing Remarks

The newscast concludes with a brief promotion from Jeff Manasso of the FOX News Podcasts Network, followed by Kennedy promoting his podcast, "Kennedy Saves the World," available five days a week on various platforms.

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Note: This summary encapsulates the key discussions and insights presented during the 12PM ET newscast on July 22, 2025. For detailed information and updates, tuning into the full episode is recommended.

Transcript

[Lisa Brady]

Trade atops the agenda. Lisa Brady, FOX News. As President Trump meets now with the president of the Philippines.

[Donald Trump]

We're very close to finishing a trade deal, big trade deal, actually. And we do a lot of business with you. It's a lot of, it's a lot of income coming in for both, for both groups. But I was surprised to see the kind of numbers. They're very big and they're going to get bigger under what we're doing and what we're proposing.

[Lisa Brady]

If there's no deal. A 20% tariff is set to take effect Aug. 1 on goods from the Philippines. President Trump also just highlighting AstraZeneca's announcement to invest $50 billion in the US by 2030, including a new plant in Virginia. Kentucky Republican Congressman Thomas Massie defending his proposed resolution to require the release of all files related to sex offender Jeffrey Epstein after a Justice Department memo concluding Epstein did commit suicide while awaiting a sex trafficking trial and that he did not have a client list.

[Thomas Massie]

People have wanted these files for years. And then, you know, the president's staff, administration, his own children, his vice president have promised that these files would come out. And now we're being told it's a hoax.

[Lisa Brady]

It just doesn't wash. A deputy attorney general now says they're seeking a meeting with Epstein's convicted co conspirator Ghislaine Maxwell, who's in prison. President Trump just telling reporters I didn't.

[Donald Trump]

Know that they were going to do it. I don't really follow that too much. It's, it's sort of a witch hunt, just a continuation of the witch hunt.

[Lisa Brady]

The president says the press should be focusing on the recent referral to the Justice Department from the director of National Intelligence, suggesting possible wrongdoing by the Obama administration over Russian election meddling allegations. Homeland Security officials just telling a Senate hearing there have been more than 3,000 drone events near American airports since 2021, including 11 aircraft this year that reported taking evasive action to avoid drone collisions. America is listening to Fox News.

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[Lisa Brady]

Investigators in Colorado identify a suspect in a massive wildfire burning along the border with Utah.

[Jeff Manasso]

It was human caused. That from the San Juan County Sheriff's office in Colorado that says it's identified a person who may be responsible for the Deer Creek fire along the Colorado Utah border That's burned over 17,000 acres since July 10th. That's destroyed at least 10 structures, including homes. That's now just over 50% contained. The exact cause of the fire not released and the suspect not publicly named. The sheriff's office also not saying yet if there's been an arrest. Jeff Manasso, FOX News.

[Lisa Brady]

An anti whaling activist is removed from an international most wanted list. Interpol just confirming it removed. Paul Watson, the 74 year old former head of the Sea Shepherd Conservation Society known for high seas confrontations with whaling vessels featured in the reality TV series Whale Wars. Japan was seeking Watson's extradition from for encounter with a Japanese research ship more than a decade ago. A British James Bond wannabe is convicted of spying for Russia.

[Jonathan Savage]

Howard Phillips ex wife told the court the 65 year old would dream about being like James Bond, but rather than spying for Britain like the fictional hero, Phillips attempted to conduct espionage against the United Kingdom. He thought he was passing information about a former British defense secretary to Russian agents, but the men he met were were undercover Brits. Phillips has been found guilty of assisting what he believed to be a foreign intelligence agency. He'll be sentenced later this year. JONATHAN Savage, FOX NEWS Stocks are mixed.

[Lisa Brady]

As Wall street digest mixed earnings reports, including gm a stronger profit than expected but still forecasting a multibillion dollar hit from tariff impacts. Right now The Dow is up 27, the S& P and the Nasdaq in the red. Lisa Brady, FOX NEWS.

[Jeff Manasso]

From the FOX News Podcasts Network.

[Kennedy]

Hey there it' Kennedy. Make sure to check out my podcast, kennedy Saves the world. It is five days a week, every week. Download and listen at foxnewspodcast.com or wherever you listen to your favorite podcast.