2AM ET 06/04/2026 Newscast

Summary

Fox News Hourly Update – 2AM ET 06/04/2026 Newscast

Overview

This episode of the Fox News Hourly Update delivers concise national and political news highlights for June 4, 2026. The main topics include ongoing U.S.-Iran peace negotiations, an unusual congressional rebuke to President Trump, investigations into Medicaid fraud, key updates from California primary elections, controversy over NFL broadcasting practices, and major developments around SpaceX's upcoming IPO.

---

Key Discussion Points & Insights

1. U.S.–Iran Negotiations

• President Trump Denies Broken Talks:
  President Trump refutes claims that peace talks with Iran have ended, emphasizing ongoing dialogue.

• Alleged 'Fake News':
  Trump characterizes media reports about stalled communications as false, noting continuous discussions in recent days.

• Tense Exchanges with Netanyahu:
  Trump admits to using harsh language in conversations with Israeli Prime Minister Benjamin Netanyahu, expressing frustration at Israeli military actions in Lebanon.

  "The conversations between us have been going on continuously, including four days ago, three days ago, two days ago, one day ago and today. Where they lead, one never knows."
  — President Trump (via Peter Doocy) [00:13]

  "[Trump] is perturbed—his word—that Netanyahu keeps attacking Lebanon to their north."
  — Peter Doocy [00:42]

---

2. Congressional Pushback & Medicaid Fraud Probes

• War Powers Act:

  • The House of Representatives passes a rare motion challenging the President's authority under the War Powers Act, with bipartisan support.

• Medicaid Fraud Investigations:

  • House Republicans, led by Brandon Gill, expand their probe from Minnesota to Ohio, alleging involvement of the Somali community in both states.
  • Tense exchanges in hearings include Ohio State Senator Nikki Antonio disputing the claims, highlighting Republican control in Ohio.
  • Anti-fraud legislation is brought to the floor—one bill targets childcare program oversight, another aims to reduce government aid fraud.

  "House Republicans are investigating Medicaid fraud in Ohio. This comes after they found fraud in Minnesota. Texas Republican Brandon Gill claims that bad actors from the Somali community operate in both states."
  — Chad Pergram [01:05]

  "[Antonio] pushed back, saying Republicans control Ohio's state government."
  — Chad Pergram [01:20]

---

3. Attorney General Nomination

• Todd Blanche Nominated:

  • President Trump announces his intention to nominate Todd Blanche—his former personal attorney and current acting AG—to the permanent Attorney General post, following the firing of Pam Bondi.

  "Blanche has been serving as acting AG since Pam Bondi was fired by Trump in April."
  — Sue Guzman [01:41]

---

4. California Primary Update

• LA Mayoral & Gubernatorial Primaries:

  • Vote counting continues in both races.
  • LA Mayoral: Incumbent Karen Bass leads by 5 points over Spencer Pratt, with City Councilwoman Nithya Raman in third. The necessity of a runoff is seen as a blow to Bass, given unresolved voter concerns about homelessness.
  • California Governor: Steve Hilton, a former Fox News host, leads narrowly over former HHS Secretary Javier Becerra; billionaire Tom Steyer lags in third.

  "The fact that there will even be a runoff is a bit of a blow to Bass, who has been in politics representing California for decades but failed to convince LA voters she's done enough to combat the homeless crisis and to help the victims in the Pacific Palisades."
  — Anita Vogel [02:49]

---

5. NFL Under Congressional Scrutiny

• Streaming Costs & Legal Exemptions:

  • Commissioner Roger Goodell refuses to testify at a House Judiciary hearing regarding the increasing costs imposed on fans by NFL’s streaming deals.
  • Lawmakers question if these deals comply with the 1961 Broadcasting Law; bipartisan momentum is building to update the statute amid ongoing Justice Department investigations for anticompetitive practices.

  "Committee chairman Jim Jordan is one of several elected officials raising concerns about the price fans have to pay to watch NFL games and whether the league streaming deals comply with the 1961 Broadcasting Law."
  — Jim Jordan [03:41]

---

6. SpaceX IPO Announcement

• Record-Breaking Initial Offering:

  • SpaceX announces plans to go public, aiming to raise $75 billion with shares priced at $135.
  • The IPO could value the company at nearly $1.8 trillion, potentially making Elon Musk the world’s first trillionaire.

  "SpaceX says it plans to raise up to $75 billion when it goes public this month... In an initial public offering SpaceX could have a market value nearly $1.8 trillion and could make Elon Musk the world's first ever trillionaire if that happens."
  — Sue Guzman [04:16]

---

Notable Quotes

• "Fake news reports that the Islamic Republic of Iran and the USA stopped speaking a few days ago are false and erroneous."
  — Peter Doocy quoting President Trump [00:13]

• "He is perturbed—his word—that Netanyahu keeps attacking Lebanon to their north."
  — Peter Doocy [00:42]

• "The fact that there will even be a runoff is a bit of a blow to Bass, who has been in politics representing California for decades but failed to convince LA voters she's done enough to combat the homeless crisis and to help the victims in the Pacific Palisades."
  — Anita Vogel [02:49]

---

Timeline of Major Segments

• 00:02: Introduction and Iran negotiations update
• 00:50: Congressional action—War Powers Act and Medicaid fraud investigations
• 01:41: Attorney General nomination news
• 02:39: California primary election results
• 03:27: NFL – Congress, streaming rights, and legal scrutiny
• 04:16: SpaceX IPO plans and implications

---

Summary Table

| Main Subject | Speaker | Time | Key Insight | |-----------------------------|------------------|-----------|----------------------------------------------------------------------------| | U.S.–Iran peace talks | Peter Doocy | 00:13 | Trump denies talks have broken down; admits strong words with Netanyahu | | Medicaid fraud probes | Chad Pergram | 01:05 | House GOP expands fraud investigation, faces pushback | | AG nomination | Sue Guzman | 01:41 | Trump to nominate Todd Blanche, his former personal attorney | | California primaries | Anita Vogel | 02:49 | Bass faces runoff; Steve Hilton leads governor's race | | NFL/Streaming inquiry | Jim Jordan | 03:41 | Goodell avoids hearing, as prices/digital rights heat up | | SpaceX IPO | Sue Guzman | 04:16 | $75B offering could make Musk first trillionaire |

---

This episode captures the latest in U.S. politics, legal scrutiny, election developments, and dramatic business news, giving listeners a fast-paced recap of top headlines for June 4, 2026.

Transcript

[Sue Guzman]

Negotiations are continuing. I'm Sue Guzman. Fox News President Trump denying reports that peace talks with Iran have broken down. Fox's Peter Doocy the president says fake

[Peter Doocy]

news reports that the Islamic Republic of Iran and the USA stopped speaking a few days ago are false and erroneous. The conversations between us have been going on continuously, including four days ago, three days ago, two days ago, one day ago and today. Where they lead, one never knows. The president also now admits he has recently used some nasty language while talking to Bibi Netanyahu. He did a podcast with Miranda Devine for the New York Post. He confirms an Axios report about some F bombs over the phone and he elaborates that he is perturbed his word that Netanyahu keeps attacking Lebanon to their north.

[Sue Guzman]

On Wednesday, the House of Representatives sent a rare pushback to President Trump voting in favor of the War Powers Act. Several Republicans joining Democrats Another state is being investigated by lawmakers following accusations of Medicaid fraud.

[Chad Pergram]

House Republicans are investigating Medicaid fraud in Ohio. This comes after they found fraud in Minnesota. Texas Republican Brandon Gill claims that bad actors from the Somali community operate in both states. At a hearing, Gill tangled with Democratic Ohio State Senator Nikki Antonio. But Antonio pushed back, saying Republicans control Ohio's state government. House Republicans dared Democrats to oppose anti fraud bills. One bill on the floor increased oversight for childcare programs. Another bill blocks people from bilking the needy out of government aid.

[Sue Guzman]

Fox's Chad Pergram President Trump announcing Wednesday night he will nominate Todd Blanche to serve as attorney general, tapping his former personal lawyer for the post and a official announcement expected Thursday. Blanche has been serving as acting AG since Pam Bondi was fired by Trump in April. America's listening to Fox News.

[NetSuite Oracle Advertiser]

Every business is asking the same question. How do we make AI work for us? No more waiting with NetSuite by Oracle. You can put AI to work today. NetSuite is the number one AI Cloud ERP trusted by over 43,000 businesses across almost every industry. It's the unified suite that brings your financials, inventory, commerce, HR and CRM into a single source of truth. That connected data is what makes your AI smarter, helping you make decisions that count. Get our free business guide demystifying [e-mail] Fox

[Sue Guzman]

California is still counting votes in the LA mayoral primary and the gubernatorial primary to decide who will be on the ballot in November. Fox's Anita Vogel has the latest.

[Anita Vogel]

The latest numbers show Spencer Pratt trailing Mayor Karen bass by just 5 percentage points and the very progressive City Councilwoman Nithya Raman in third. The fact that there will even be a runoff is a bit of a blow to Bass, who has been in politics representing California for decades but failed to convince LA voters she's done enough to combat the homeless crisis and to help the victims in the Pacific Palisades. And in the heated California governor's race, former Fox News host Steve Hilton is still holding on to a slight over another career politician, HHS former HHS secretary Javier Becerra, with billionaire progressive Tom STEYER

[Sue Guzman]

A distant third general election will be held November 3rd. NFL Commissioner Raja Goodell ducking Congress as questions mount about the increasing number of football games on streaming platforms and the mounting costs for fans, Roger Goodell has

[Jim Jordan]

declined an invitation to appear at a House Judiciary committee hearing on June 10. Committee chairman Jim Jordan is one of several elected officials ra raising concerns about the price fans have to pay to watch NFL games and whether the league streaming deals comply with the 1961 Broadcasting Law that granted the league a limited antitrust exemption. Courts have previously ruled the law applies only to broadcast networks, not cable, satellite or streaming. There's been bipartisan sentiment in favor of updating the statute. The Justice Department is investigating the NFL for potential anticompetitive practices.

[Chad Pergram]

Tom Rigotti, Fox News SpaceX says it

[Sue Guzman]

plans to raise up to $75 billion when it goes public this month. Share is expected to cost $135. In an initial public offering, SpaceX could have a market value nearly $1.8 trillion and could make Elon Musk the world's first ever trillionaire if that happens. I'm Sue Guzman. This is Fox News.

[Bloomberg Announcer]

Some Follow the noise. Bloomberg follows the money. Whether it's the funds fueling AI or crypto's trillion dollar swings, there' to every story. Get the money side of the story. Subscribe [e-mail].