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Carmen Roberts
The president's new tariffs go into effect. I'm Carmen Roberts, Fox News. President Trump posted on Truth Social that billions of dollars in tariffs are now flowing into the United States of America. His reciprocal tariffs of 10% to 40% started at midnight eastern time for US trading partners that have not reached a deal. This as tech giant Apple Announces is ramping up its investments in the U.S.
Tim Cook
Apple CEO Tim Cook joined President Trump in the Oval Office for an announcement that the company is committing another $100 billion to expand production facilities on top of a $500 billion pledge earlier this year.
Jared Halpern
We're going to keep making investments right here in America. We're going to keep hiring in America.
Tim Cook
President Trump says he will impose a 100% tariff on computer chips and semiconductors imported from overseas.
Brigadier General John Lubas
And I think the chip companies are all coming back home.
Tim Cook
The president says companies making computer chips us Will not face that import tax. Still, the proposed tariffs could increase the cost of household electronics and vehicles. At the White House, Jared Halpern, Fox News.
Carmen Roberts
Apple shares led tech stocks higher with the NASDAQ gaining 253 points, or more than 1%. The Dow rose 81 points. Five U.S. army soldiers are in stable condition after being shot Wednesday by a fellow soldier at Fort Stewart, Georgia.
Jared Halpern
Soldiers in the area that witnessed the shooting immediately and without hesitation tackled the soldiers subdued him. That allowed law enforcement to then take him into custody.
Carmen Roberts
Brigadier General John Lubas identified the suspect as 28 year old Cornelius Radford. No word automotive as some United Airlines planes are flying again after a ground stop Wednesday at several major airports in the U.S. united canceled more than 180 flights delayed nearly 1100 as it dealt with a technical issue involving weight and balance. America's listening to Fox News.
Jeff Manasso
It's an interesting time for business. Tariff and trade policies are dynamic, supply chains are squeezed and cash flow tighter than ever. If your business can't adapt in real time, you're in a world of hurt. You need total visibility from global shipments to tariff impacts to real time cash flow. That's NetSuite by Oracle, your AI powered business management suite. Trusted by over 42,000 businesses. NetSuite is the number one cloud ERP for many reasons. It brings accounting, financial management, inventory, HR into one suite. You have one source of truth giving you the visibility and control you need to make quick decisions. With real time forecasting, you're peering into the future with actionable data. And with AI embedded throughout, you can automate a lot of those everyday tasks, letting your team stay strategic. Netsuite helps you know what's stuck, what it's costing you and how to pivot fast. If your revenues are at least in the seven figures, download the free ebook Navigating Global Trade. Free insights for leaders@netsuite.com fox that's netsuite.com.
Carmen Roberts
Fox Texas Democratic state lawmakers who left their state to stop a vote on redistricting had to evacuate a Chicago area hotel.
Jared Halpern
A bomb threat was made at the Q Center Hotel and conference center in St. Charles, Illinois around 7am local time, where we're told the Texas Democrats have been staying after fleeing the state to shut down the government over redistricting efforts. State St. Charles Police confirmed to Fox News the hotel and convention complex were searched and nothing was found. Illinois US Senator Dick Durbin was set to hold a press conference with the Texas Democrats that was canceled. Governor JB Pritzker also writing on X that threats of violence will be investigated and that those responsible will be held accountable. In Chicago, Jeff Manasso, FOX News.
Carmen Roberts
A federal judge in Oregon temporarily stops the Trump administration from canceling grants to the National Endowment of the Humanities, saying they are likely unconscious constitutional the MLB's about to welcome its first female umpire for a regular season game.
Brigadier General John Lubas
Jen Powell will become the first woman to be an umpire in a regular season game when she works games this weekend between the Marlins and the Braves. On Saturday, Powell will work the bases during a doubleheader before being behind the plate on Sunday. In 2024, Powell became the first woman to umpire big league spring Training game since 2007 and began her pro career in rookie ball. In 2016, she played softball at Hofstra where she was a three time All Conference pick. And Powell was also on the USA Baseball women's national baseball team in 2001. Joe Morgan, Fox News astronaut Butch Wilmore.
Carmen Roberts
Retires from NASA less than five months after getting stuck for a long extended stay on the International space station. The 62 year old and fellow astronaut Suni Williams were test pilots for Boeing's first astronaut flight but got stranded on the station for more than nine months because of a malfunctioning starliner. I'm Carmen Roberts. This is FOX News.
Jeff Manasso
It's an interesting time for business. Tariff and trade policies are dynamic, supply chains are squeezed and cash flow tighter than ever. If your business can't adapt in real time, you're in a world of hurt. You need total visibility from global shipments to tariff impacts to real time cash flow. That's NetSuite by Oracle, your AI powered business management suite trusted by over 42,000 businesses NetSuite is the number one Cloud ERP for many reasons. It brings accounting, financial management, inventory, HR into one suite. You have one source of truth, giving you the visibility and control you need to make quick decisions. With real time forecasting, you're peering into the future with actionable data. And with AI embedded throughout, you can automate a lot of those everyday tasks, letting your team stay strategic. Netsuite helps you know what's stuck, what it's costing you, and how to pivot from fast. If your revenues are at least in the seven figures, download the free ebook Navigating Global Trade 3 Insights for Leaders at netsuite.com fox that's netsuite.com fox.
Fox News Hourly Update - Detailed Summary Episode: 2AM ET 08/07/2025 Newscast | Release Date: August 7, 2025 | Host: FOX News Podcasts
The new administration of President Donald Trump has implemented significant tariffs aimed at bolstering the U.S. economy. As Carmen Roberts reports, these tariffs, ranging from 10% to 40%, were activated at midnight Eastern Time targeting U.S. trading partners that failed to reach a trade agreement. This strategic move is part of a broader effort to increase domestic investments and manufacturing.
Key Points:
Apple's Commitment to U.S. Investments:
Impact on the Tech Industry:
Potential Economic Implications:
A tragic incident occurred at Fort Stewart, Georgia, where a soldier was shot by a fellow service member. Carmen Roberts reported that five U.S. Army soldiers are in stable condition following the attack.
Key Points:
Immediate Response:
Suspect Identification:
United Airlines has resumed operations after a significant disruption caused by a technical problem related to weight and balance calculations. The issue led to the cancellation of over 180 flights and delays affecting nearly 1,100 passengers on Wednesday.
Key Points:
Democratic state lawmakers from Texas, who had traveled to Illinois to block a redistricting vote, faced a bomb threat at their accommodation in the Chicago area. This incident heightened tensions surrounding the political maneuvering over redistricting efforts.
Key Points:
Bomb Threat Details:
Political Ramifications:
In a significant legal development, a federal judge in Oregon has temporarily halted the Trump administration's efforts to cancel grants allocated to the National Endowment for the Humanities (NEH). The judge ruled that the administration's actions are likely unconstitutional.
Key Points:
Major League Baseball is set to make history by introducing its first female umpire for a regular-season game. This milestone reflects the league's commitment to diversity and inclusion within its ranks.
Key Points:
Umpire Jen Powell:
Powell’s Background:
After an extended and harrowing stay on the International Space Station (ISS), astronaut Butch Wilmore has announced his retirement from NASA. His retirement comes less than five months after being stranded on the ISS due to a malfunctioning Starliner spacecraft.
Key Points:
Extended Stay on ISS:
Retirement Announcement:
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