Fox News Hourly Update – 12PM ET 10/23/2025 Newscast

Date: October 23, 2025
Host: FOX News Podcasts
Episode Theme:
A fast-paced roundup of major national news developments—centered on a high-profile gambling scandal involving NBA figures, significant political updates, a unique theft case from Miami, and market movements.

Major Gambling and NBA Scandal

• FBI Breaks Up Large Fraud Case

  • [00:04] Lisa Brady introduces the story with FBI Director Cash Patel’s statement:

    “This FBI will leave no room for any perpetrator of crime across this country.” — Cash Patel [00:06]

  • The FBI reveals an extensive gambling and fraud operation spanning 11 states, involving more than 30 suspects.

• NBA Hall of Famer and Current Players Implicated

  • [00:14] Among those charged: NBA Hall of Famer Chauncey Billups (currently Portland Trailblazers head coach) and Miami Heat guard Terry Rozier.
  • They are accused of exploiting insider information to affect “prop bets”—wagers on a player’s performance.

    • “NBA players and coach accused of using insider information to influence prop bets, which are bets placed on an individual player's performance.” — Nate Foy [00:29]

  • Rozier’s lawyer asserts that Rozier was denied a chance to self-surrender, criticizing federal agents:

    • “It is unfortunate that instead of allowing him to self surrender, they opted for a photo op... They wanted the misplaced glory of embarrassing a professional athlete with a perp walk. That tells you a lot about the motivations in this case.” — Rozier’s lawyer (as told to Nate Foy) [00:44]

• Wider Crime Allegations

  • Allegations extend to illegal poker games, allegedly rigged with assistance from four of five major mafia families.
  • Billups also named in the poker game indictment; a former Toronto Raptors player has pleaded guilty, admitting to altering performance to affect bets.

Political & Legal Developments

• Crypto Pardon

  • [01:19] The White House announces that President Trump has pardoned Changpeng Zhao, founder of Binance, who pled guilty to enabling money laundering under previous U.S. prosecution.

    • “White House spokeswoman Caroline Levitt says he was prosecuted by the Biden administration under what she calls their war on cryptocurrency.” [01:29]

• NYC Mayoral Race

  • [01:38] New York City Mayor Eric Adams drops his reelection bid and endorses former Governor Andrew Cuomo for mayor.
  • Cuomo (running as independent) and Republican Curtis Sliwa are trailing Democratic Socialist Zoran Mamdani in polls.

Government Shutdown & Legislation

• Senate Tries to End Shutdown

  • [02:15] Focus on short-term funding and a test vote on back pay for essential federal employees working through the government shutdown.
  • GOP frames it as a dare for Democrats: pay workers or make them work without pay.

    • “The GOP wants Democrats to either pay essential workers or make them keep working without a paycheck.” [02:29]

  • Pennsylvania Democrat Senator John Fetterman, siding with GOP on government funding:

    • “I'm a country over party guy. I'm always going to vote to pay our military over the party. If I pay a price within my base, you know, that's something I'm willing to do.” — Sen. John Fetterman [02:44]

  • Fetterman is one of three senators caucusing with Democrats who voted to open the government.

• Healthcare Issues

  • Democratic leaders push for inclusion of healthcare issues in shutdown negotiations.

Crime and Courts

• Miami Restaurant Trade Secret Theft
  • [03:07] Felony charges brought against Carlos Francisco Gottberg Marquez, a line cook at Mordisco Miami, for allegedly stealing three secret recipe books.
  • The restaurant’s owner and chef Cesar Gonzalez calls it a betrayal:

    • “The restaurant's owner and chef, Cesar Gonzalez, said he felt betrayed when a cook in his kitchen violated his trust.” [03:16]

  • Miami Dade Judge Mindy S. Glaser addresses the accused:

    • “It's the heart of the restaurant.” — Judge Glaser [03:22]

    • “You got arrested for theft of trade secrets.” — Judge Glaser [03:42]

  • The cook was caught with the books at his other job, just 30 minutes after the theft.

Markets & Economy

• Stock Market Update
  • [03:56] Brief check-in on financial markets:
    • Dow up ~25 points
    • S&P up 27
    • Nasdaq up 171
    • Oil back up to nearly $62/barrel

Notable Quotes

• “This FBI will leave no room for any perpetrator of crime across this country.” — FBI Director Cash Patel [00:06]

• “NBA players and coach accused of using insider information to influence prop bets, which are bets placed on an individual player's performance rather than the result of the game.” — Nate Foy [00:29]

• “It's unfortunate that instead of allowing him to self surrender, they opted for a photo op... They wanted the misplaced glory of embarrassing a professional athlete with a perp walk. That tells you a lot about the motivations in this case.” — Rozier’s lawyer [00:44]

• “I'm a country over party guy. I'm always going to vote to pay our military over the party. If I pay a price within my base, you know, that's something I'm willing to do.” — Sen. John Fetterman [02:44]

• “You got arrested for theft of trade secrets.” — Judge Mindy S. Glaser [03:42]

Memorable Moments

• The embarrassment of top NBA figures in an unprecedented gambling scandal.
• President Trump's pardon of Binance’s founder stoking “war on crypto” rhetoric.
• A small Miami restaurant's secret recipes at the center of a trade secrets case.
• Senator Fetterman's willingness to defy his party for what he sees as national good.

Timestamps for Key Segments

• [00:04] Gambling scandal and FBI statement
• [00:29] NBA, mafia, poker, and prop betting allegations
• [01:19] White House crypto pardon announcement
• [01:38] NYC mayoral race shifts
• [02:15] Senate moves to address shutdown/pay
• [02:44] Sen. Fetterman on government funding
• [03:07] Miami recipe theft and court proceedings
• [03:56] Market and oil price updates

This episode concisely bundles explosive sports crime headlines, fast-evolving political stories, white-collar crime, and real-time economic data, all delivered in the Fox News signature direct tone.