12PM ET 08/01/2025 Newscast

Summary

Fox News Hourly Update - Detailed Summary

Episode: 12PM ET 08/01/2025 Newscast
Release Date: August 1, 2025
Host: Chris Foster
Source: FOX News Podcasts

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1. Wall Street's Downturn

[00:02] Chris Foster

The episode opens with a significant downturn on Wall Street, as Chris Foster reports the Dow Jones Industrial Average has plummeted by 476 points. This decline follows a weaker-than-expected monthly jobs report, which revealed the creation of only 73,000 jobs. Additionally, there were revisions indicating that the job growth in May and June was substantially less than initially reported. Foster emphasizes the market's sensitivity to these economic indicators and sets the tone for the day's financial news.

Notable Quote:
"The Dow is down 476 points after a weaker than expected monthly jobs report, 73,000 jobs created and revisions showing much fewer than first reported jobs created in May and June."
— Chris Foster [00:02]

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2. President Trump's New Tariffs on Imports

[00:02 - 00:56] Chris Foster & Unnamed Speaker

Transitioning from the stock market, Foster delves into President Trump's imposition of new tariffs on imports from America's trading partners. The tariffs vary based on each country's trade balance with the U.S.:

• 10% Tariff for countries with a surplus of U.S. goods, including the EU, Japan, and South Korea.
• 15% Tariff for nations with smaller deficits.
• 35% Tariff for Canada, effective immediately, targeting non-compliant goods under the U.S.-Mexico-Canada Trade Agreement.
• 39% Tariff for countries like Switzerland.
• 41% Tariff for Syria, the highest rate.

The new tariffs are set to take effect on August 7th, allowing Customs and Border Patrol sufficient time to implement them. President Trump criticizes Canada for overcharging U.S. farmers and failing to curb the influx of fentanyl.

Notable Quotes:
"Countries with a surplus of U.S. goods see a 10% tariff. Those with a small deficit see a 15% rate."
— Unnamed Speaker [00:21]

"Canada charges our farmers too much and has failed to curb the flood of fentanyl."
— President Trump (Referenced by Chris Foster) [00:21]

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3. Humanitarian Crisis in Gaza

[00:56 - 01:37] Chris Foster

Foster reports on the dire situation in Gaza, where White House special envoy Steve Witkoff and Ambassador to Israel Mike Huckabee have visited food distribution sites. The area is witnessing severe unrest as hundreds of Palestinians are reportedly shot while attempting to reach these sites, leading to widespread starvation.

Several U.S. allies are considering recognizing a separate Palestinian state, a move Foster argues is a mistake. Ambassador Huckabee, speaking on the Brian Comey radio show, contends that such demands inadvertently aid Hamas by fostering anti-Israel sentiments. He states, "They're really helping Hamas by demanding a Palestinian state and condemning Israel. Hamas loves that." Furthermore, Huckabee highlights the frustration among Gazans, who are exhausted by the ongoing conflict with Hamas militants.

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4. Arkansas Stabbing Incident

[01:37 - 01:56] Chris Foster

A tragic incident unfolded in Arkansas, where Andrew James McGann has been charged with the stabbing deaths of two individuals. During a court appearance, McGann admitted to the murders, which occurred on a hiking trail at Devil's Den State Park. The victims, Clinton and Kristen Brink, were attacked while hiking with their young daughters. According to state police, Clinton was the first to be attacked, after which Kristen bravely rushed her children to safety before returning to assist her husband, resulting in her own death.

Notable Quote:
"He's charged with murdering a couple on a hiking trail with their young daughters at Devil's Den State park on Saturday afternoon."
— Unnamed Speaker [01:27]

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5. Immigration and ICE Poaching Controversy

[02:10 - 02:52] Wayne Ivey & Chris Foster

Florida sheriffs accuse Immigration and Customs Enforcement (ICE) of attempting to poach deputies, describing the agency's actions as a betrayal. Wayne Ivey, the sheriff of Brevard County in Florida, asserts that ICE sent out tens of thousands of recruitment emails to their deputies, offering recruiting bonuses worth $50,000. Ivey criticizes this move, emphasizing that Florida sheriffs have been the most proactive in assisting ICE agents.

Notable Quotes:
"Somebody in Washington needs to lose their job over this because this is ridiculous."
— Unnamed Speaker [02:27]

"ICE has yet to comment."
— Wayne Ivey [02:52]

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6. Leadership Changes in Virginia's Public Universities

[02:53 - 03:17] Evan Brown & Chris Foster

Evan Brown reports that the governing board overseeing Virginia's public universities is poised to vote on removing Gregory Washington, the president of George Mason University. Washington's leadership has come under scrutiny by the Trump administration due to his support for diversity initiatives at the institution. This move follows the forced resignations of leaders from the University of Virginia and the Virginia Military Institute, indicating a broader crackdown on university administrations perceived as too progressive.

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7. Innovative Approach to Combat Rhino Poaching

[03:17 - 03:52] Jeff Larkin & Carmen Roberts

Addressing environmental conservation, scientists at a South African university have devised a novel method to deter rhino poachers by making rhino horns radioactive. Jeff Larkin, the chief scientist of the Rhizotope Project, explains that the injection of radioactive isotopes into rhino horns enables customs agents to detect illegal trade effectively, leading to the arrest of poachers. Carmen Roberts analogizes the method by likening it to "putting a massive bright light into the horn that no one can turn off."

Notable Quotes:
"They're injecting rhino horns with radioactive isotopes which are harmless to the animals, which is like then putting a massive bright light into the horn that no one can turn off."
— Carmen Roberts [03:35]

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8. Successful Launch to the International Space Station

[03:52 - 04:08] Chris Foster

In a positive note, Foster announces the successful launch of an American, Japanese, and Russian crew of four bound for the International Space Station. After months of delays, the mission finally took off smoothly with the ignition of engines and a flawless ascent into space. The crew, known as Crew 11, represents a collaborative international effort in space exploration.

Notable Quote:
"Ignition engines, full power. And Lisbon. Go, Falcon, go. NASA, go. Crew 11."
— Unnamed Speaker [03:57]

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9. Additional Segments

[01:56 - 02:10 & 04:13]

• Dana Perino Segment: Dana Perino introduces her show "PERINO on Politics," featuring Democratic strategist Ty Matzdorf. While brief, this segment highlights upcoming political discussions.

• FOX Across America: Jimmy Phela promotes his show focused on critiquing Democratic policies, inviting listeners to join the three-hour live broadcast or access the podcast online.

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Conclusion:
The August 1, 2025 Newscast of the Fox News Hourly Update encapsulates a wide array of pressing issues, from economic downturns and international trade policies to humanitarian crises and innovative conservation efforts. With detailed reports and insightful commentary, the episode provides listeners with a comprehensive overview of the day's most significant events.

Transcript

[Chris Foster]

The down day on Wall Street, I'm Chris Foster, Fox News. The Dow is down 476 points after a weaker than expected monthly jobs report, 73,000 jobs created and revisions showing much fewer than first reported jobs created in May and June. We've also found out how much in tariffs President Trump is imposing on imports from America's trading partners.

[Unknown]

Countries with a surplus of U.S. goods see a 10% tariff. Those with a small deficit see a 15% rate. That matches the EU, Japan and the South Korean deals. Nations with large deficits like Switzerland, they'll pay 39%. Syria, the highest at 41%. When do these new rates go into effect? August 7th. That gives Customs and Border Patrol time to process them. Canada's 35% tariff is in effect today on goods that don't comply with the U.S. mexico, Canada trade Agreement. The president says Canada charges our farmers too much and has failed to curb the flood of fentanyl.

[Chris Foster]

FOX business correspondent Lauren Simonetti, White House special envoy Steve Witkoff and Ambassador to Israel Mike Huckabee have visited Gaza to see food distribution sites. Hundreds of Palestinians have been shot trying to get to those sites and starvation is reported to be spreading in Gaza. Several US Allies have plans to recognize meantime, a separate Palestinian state, which is a mistake. Ambassador Huckabee says on the Brian Comey radio show they're really helping Hamas by demanding a Palestinian state and condemning Israel. Hamas loves that. He says Gazans are tired of having their lives ruined by Hamas militants in the territory. Man accused of stabbing two people to death in Arkansas is ordered held without bond after a short court appearance this morning. Police say Andrew James McGann admits doing it.

[Unknown]

He's charged with murdering a couple on a hiking trail with their young daughters at Devil's Den State park on Saturday afternoon. The victims here, Clinton and Kristen Brink. State police say that Clinton was attacked first. Kristen then rushed those kids to safety and then she returned to help her husband and was also killed.

[Chris Foster]

FOX is Brooke Taylor. America's listening to FOX News.

[Dana Perino]

I'm Dana Perino. This week on PERINO on politics, I am joined by a great friend of mine, Democratic strategist and senior vice president at the Messina Group. His name is Ty Matzdorf.

[Chris Foster]

Listen and follow [e-mail] Florida sheriffs say it's a betrayal. Immigration and Customs Enforcement trying to poach deputies.

[Wayne Ivey]

The agency sent out tens of thousands of emails to their deputies and in a poaching attempt.

[Unknown]

Somebody in Washington needs to lose their job over this because this is ridiculous.

[Wayne Ivey]

Wayne Ivey is the sheriff in Brevard County, Florida, the Melbourne area. He says Florida sheriffs have been the most proactive in helping ICE agents do their jobs. Now the agency is trying to lure their deputies with promises of recruiting bonuses worth 50 grand.

[Unknown]

What the hell were you thinking? Why would, why would you go after those that are trying to help you?

[Wayne Ivey]

ICE has yet to comment.

[Chris Foster]

Fox's Evan Brown in Miami. The board overseeing Virginia's public university could vote today to remove George Mason University's president, Gregory Washington. His leadership's been under investigation by the Trump administration for its support of diversity efforts at the school. The heads of University of Virginia and the Virginia Military Institute have already been forced out. Scientists are making rhino horns radioactive to fight poaching.

[Jeff Larkin]

Black market demand for rhino horns has devastated the rhino population. But scientists at a university in South Africa believe they have found a weapon to stop poachers. They're injecting rhino horns with radioactive isotopes which are harmless to the animals, which.

[Carmen Roberts]

Is like then putting a massive bright light into the horn that no one can turn off.

[Jeff Larkin]

Jeff Larkin, chief scientist of the rhizotope project, says customs agents can detect the isotopes, leading to the arrest of poachers. Carmen Roberts, FOX News.

[Chris Foster]

After months of delays, an American, Japanese, Russian crew of four is on its way to the International Space Station.

[Unknown]

Three, two, one. Ignition engines, full power. And Lisbon. Go, Falcon, go. NASA, go. Crew 11.

[Chris Foster]

I'm Chris Foster, FOX News.

[Jimmy Phela]

This is Jimmy Phela inviting you to join me for FOX Across America, where we'll discuss every single one of the Democrats dumb ideas. Just kidding. It's only a three hour show. Listen live at noon Eastern or get the [e-mail].