12PM ET 08/02/2025 Newscast

Summary

Fox News Hourly Update – 12PM ET, August 2, 2025

Hosted by JACK CALLAGHAN | Released on August 2, 2025

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1. Trade Tariffs and Ongoing Negotiations

Timestamp: 00:02 – 00:43

Jack Callaghan opens the newscast by addressing the implementation of reciprocal tariffs affecting most countries as of August 1st. Jessica Rosenthal reports on the current status:

"Implementations do not mean an end to negotiations. For example, one of our largest trading partners gets a 90 day delay due to ongoing talks, though Mexico will still have a tariff on vehicle, steel, aluminum and copper."
— Jess Rosenthal, 00:12

Rosenthal highlights that while tariffs are now in place, negotiations continue, particularly with Mexico and China. US Trade Representative Jamison Greer provides further insights during a conversation with Fox Business's Maria Bartiromo:

"Listen, I just got back from talking with them in Stockholm and it was a very cordial exchange. We had a great conversation with the Chinese. We talked more about how to make sure critical minerals are flowing. We feel very confident in that direction."
— Jamison Greer, 00:32

Greer emphasizes the administration's aim to avoid a "tit for tat leverage war" and seeks to remove non-trade barriers, ensuring more U.S. products enter the Chinese market.

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2. Leadership Change at Bureau of Labor Statistics

Timestamp: 00:54 – 01:20

Jack Callaghan introduces Chanley Painter, who delves into President Trump's decision to fire the head of the Bureau of Labor Statistics (BLS) following a disappointing July jobs report, which showed only 73,000 jobs added—significantly below expectations.

Painter explains:

"Trump accused commissioner a Biden appointee of manipulating the number for political gain. But economists say it's impossible to alter jobs data due to strict safeguards."
— Chanley Painter, 00:58

The move has sparked debate, with critics defending the ousted commissioner’s integrity and capability, arguing that BLS data remains reliable despite the administration's claims.

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3. Shutdown of the Corporation for Public Broadcasting

Timestamp: 01:20 – 01:59

Jack Callaghan reports on the impending shutdown of the Corporation for Public Broadcasting (CPB) after Congress defunded it. Established 58 years ago under President Johnson, the CPB has been fundamental in funding PBS and NPR, as well as over 1,500 local public media stations nationwide.

The administration's stance is clear:

"President Trump has been a consistent critic of public media, arguing it spreads political and cultural views that clash with those which the United States should be espousing."
— Jack Callaghan, 01:20

This closure marks the end of an institution that has been a cornerstone of American public media for generations.

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4. Montana Quadruple Murder Case Update

Timestamp: 02:16 – 03:00

A tragic incident in Montana sees Jack Callaghan sharing updates on a quadruple murder at a local bar. D.J. Bauer provides detailed information:

"They are still looking for the suspect, Michael Brown, age 45, of Anaconda. Sheriff Ed Lester of Butte Silver Bow offered a description: a 2007 white Ford F150 pickup truck with Montana plates DTY493, wearing a tie-dye shirt, jeans, and an orange bandana. Described as 5 foot 10, 170 pounds, with blue eyes and brown hair, he is believed to be extremely tall, dangerous, and armed."
— D.J. Bauer, 02:23

Authorities continue their search for Brown, who remains at large, heightening concerns in the community.

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5. Congressional Efforts to Ban Stock Trading Among Members

Timestamp: 03:00 – 03:43

Jack Callaghan shifts focus to Washington, D.C., where Ryan Schmelz reports on bipartisan legislative efforts aimed at banning stock trading by Congress members:

"A Senate committee Advancing the Honest act, which would ban House and Senate members from trading stocks starting in 2027. Some Republicans pushed back, saying it would target President Trump. But the bill's sponsor, GOP Senator Josh Hawley, says while the ban does extend to presidents and vice, it wouldn't take effect until the next administration is in office."
— Ryan Schmelz, 03:10

Senator Hawley clarifies that the legislation is not intended to target any individual, including President Trump, with discussions ongoing about its implications and effectiveness.

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6. Washington Commanders' Potential Return to Washington, D.C.

Timestamp: 03:43 – 04:13

In sports news, Jack Callaghan updates listeners on the Washington Commanders' future:

"The D.C. council voted yesterday to advance a stadium deal that could bring the Washington Commanders back to the District of Columbia by redeveloping the old RFK Stadium site. The deal faced some opposition in two public hearings but passed with a 9 to 3 vote. A second vote is scheduled for September 17th. Currently, the Commanders play at Northwest Stadium in Landover, Maryland."
— Jack Callaghan, 03:43

The potential move promises to rejuvenate D.C.'s sports scene, pending final approval in the upcoming council vote.

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Conclusion

The August 2nd, 2025 edition of the Fox News Hourly Update provided comprehensive coverage of significant national and local issues, including trade negotiations, governmental leadership changes, public broadcasting shutdown, a critical criminal investigation, legislative actions on stock trading, and major developments in the sports arena. With detailed reporting and direct quotes, listeners are kept informed on the pressing matters shaping the current landscape.

Transcript

[Jack Callaghan]

Reciprocal tariffs now in place for most countries. I'm Jack Callaghan, Fox News. With a few exceptions after yesterday's deadline, Fox's Jessica Rosenthal reports August 1st tariff.

[Jessica Rosenthal]

Implementations do not mean an end to negotiations. For example, one of our largest trading partners gets a 90 day delay due to ongoing talks, though Mexico will still have a tariff on vehicle, steel, aluminum and copper. And of course, talks with China are ongoing. US Trade representative Jamison Greer told Fox Business anchor Maria Bartiromo the goal is not for each country to engage in a tit for tat leverage war.

[Jamison Greer]

Listen, I just got back from talking with them in Stockholm and it was a very cordial exchange. We had a great conversation with the Chinese. We talked more about how to make sure critical minerals are flowing. We feel very confident in that direction.

[Jessica Rosenthal]

But he said aside from product dumping, the president also wants to see non trade barriers lifted and to see more US Products allowed into China. Jessica Rosenthal, FOX NEWS the Bureau of.

[Jack Callaghan]

Labor Statistics needs a new leader, as Fox Chanley Painter explains.

[Chanley Painter]

President Trump firing the head of the Bureau of Labor Statistics after a disappointing July jobs report. It shows only 73 house and new jobs were added last month, well below expectations. Trump accused commissioner a Biden appointee of manipulating the number for political gain. But economists say it's impossible to alter jobs data due to strict safeguards.

[Jack Callaghan]

Critics of the president's decision defended the ousted commissioner's competency Corporation for Public Broadcasting is shutting down after being defunded by Congress. Part of the American culture for three generations, the CPB was signed into law by President Johnson 58 years ago. It helps fund both PBS and NPR, but much of its money was distributed to more than 1500 local public radio and television stations across the country. President Trump has been a consistent critic of public media, arguing it spreads political and cultural views that clash with those which the United States should be espousing. America is listening to FOX News.

[Kennedy]

From the FOX News Podcasts Network.

Hey there, it's me, Kennedy. Make sure to check out my podcast, kennedy Saves the World. It is five days a week, every week. Download and listen@fox newspodcast.com or wherever you listen to your favorite podcast.

[Jack Callaghan]

The suspect in a quadruple murder in a bar in a small town in Montana yesterday. Still on the run as police have.

[D.J. Bauer]

Said they are still looking for the suspect. His name Michael Brown, age 45, of Anaconda. Sheriff Ed Lester of Butte Silver Bow offered a description of Brown. He said that Brown was seen last driving in a 2007 white Ford F150 pickup truck it's got Montana plates DTY493. And he was also identified by the Granite County Sheriff's Office as wearing a tie, dye shirt and jeans and an orange bandana. So this suspect is still at large. He's described as being 5 foot 10, 170 pounds with blue eyes and brown hair and is believed to be extremely tall, dangerous and Armed.

[Jack Callaghan]

That's D.J. bauer of Fox affiliate KTMF. Congress looking to ban itself from trading stocks. Fox's Ryan Schmells reports several bipartisan bills.

[Ryan Schmelz]

Have been introduced by different members of Congress. A Senate committee Advancing the Honest act, which would ban House and Senate members from trading stocks starting in 2027. Some Republicans pushed back, saying it would target President Trump. But the bill's sponsor, GOP Senator Josh Hawley, says while the ban does extend to presidents and vice, it wouldn't take effect until the next administration is in office. Both Hawley and Republicans opposed to the bill say they've had conversations with President Trump. In Washington, Ryan Schmelz, Fox News the.

[Jack Callaghan]

D.C. washington, D.C. council voted yesterday to advance a stadium deal that could bring the Washington Commanders back to the District of Columbia by redeveloping the old RFK Stadium site. Deal faced some opposition from residents in two public hearings. Council vote was 9 to 3 in favor of the move yesterday. Second vote is scheduled for September 17th. The commanders currently play their games at Northwest Stadium in Landover, Maryland. I'm John Callahan and this is FOX News.

[Jimmy Fallah]

This is Jimmy Fallah 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].