3PM ET 12/10/2025 Newscast

Summary

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Fox News Hourly Update – 3PM ET, December 10, 2025

Host: Lisa Brady, FOX News Podcasts
Episode Overview:
This hourly newscast delivers rapid updates on the latest U.S. economic moves, political debates over healthcare and affordability, major city elections, the future of wind energy, and big sports and market news.

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The Fed’s Third Straight Rate Cut and Economic Outlook

• Fed Announcement:

  • The Federal Reserve makes its third consecutive quarter-point cut to the benchmark interest rate.

  • Fed Chair Jerome Powell speaks on current economic conditions:

    "Conditions in the labor market appear to be gradually cooling and inflation remains somewhat elevated." — Jerome Powell [00:09]

• Uncertainty from Shutdown:

  • Powell notes some reports are missing due to the recent government shutdown but affirms the Fed is poised to monitor changes:

    "The central bank is now well positioned to see how the economy evolves going forward and they're boosting the growth forecast." — Lisa Brady [00:14]

• Upbeat Growth Projections:

  "In our summary of economic projections, the median participant projects that real GDP will rise 1.7% this year and 2.3% next year, somewhat stronger than projected in September." — Jerome Powell [00:27]

• Drivers of Growth:

  • Ongoing consumer spending and the impact of AI on business investments cited as key factors.

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Political Clash Over Affordability and Health Care

• Democratic Critique:

  • Democrats blame the Trump administration for an “affordability crisis,” with Delaware Congresswoman Sarah McBride condemning recent Republican actions:

    "A choice to impose a tariff tax on small businesses and consumers, a choice to cut food assistance, and a choice to insert a $1 trillion bomb into the center of the American health care system." — Sarah McBride [00:53]

• Republican Response:

  • The president’s team defends their economic policies, claiming improvements over the previous administration.

  • House Speaker Mike Johnson sharply criticizes Biden’s economic approach:

    "The Biden administration spent like drunken sailors and they attempted to tax and regulate their way to prosperity. And we all knew when they were doing it that it would not work if it had exactly the opposite effect." — Mike Johnson [01:16]

• Senate Health Care Votes Tomorrow:

  • Democrats propose extending Obamacare subsidies.
  • Republicans suggest shifting funds to government-backed health savings accounts.
  • Both aim to lower premiums, but neither currently has the votes to advance [01:26].

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Diplomatic Developments: Ukraine Peace Talks

• White House Call:
  • Confirmation of a call between President Trump and leaders of France, Britain, and Germany regarding a Ukraine peace plan.
  • Europe and Ukraine expected to present their own proposal [01:41].

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Historic Miami Mayoral Election

• A New Mayor:

  • Eileen Higgins becomes the first Democrat in nearly 30 years, and the first woman ever, elected mayor of Miami.
  • Beat a Trump-backed Republican in a nonpartisan runoff [02:15, 03:02].

• Key Issues:

  • Focus on affordable housing and modernizing city permitting:

    "We've got to build more affordable housing." — Eileen Higgins [02:29] "Hoping to modernize the city's permitting." — Lisa Brady [02:32]

• Immigration Enforcement:

  • Higgins wants to exit agreements with the Department of Homeland Security on immigration enforcement, although legal clarity is questioned:

    "The city of Miami did not need to join that agreement... but the regulations are unclear about whether you can walk back and reverse that." — Eben Brown [02:40]

• Wider Impact:

  • Democrats argue the result signals broader voter sentiment.

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Divisions Over Wind Energy

• Republican Governor vs. Trump on Energy:

  • Oklahoma Governor Kevin Stitt criticizes the Trump administration’s wind energy cutbacks after an executive order halted new wind farm construction on public lands:

    "You cannot weaponize those things and and put your thumb on the scale for political purposes." — Kevin Stitt [03:10]

  • Oklahoma is a leading state in wind energy, trailing only Texas and Iowa.

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Sports and Market Headlines

• Baseball:

  • Baltimore Orioles sign slugger Pete Alonso to a five-year, $155 million deal.
  • Alonso leaves the Mets, who also lost closer Edwin Diaz to the LA Dodgers [03:42].

• Stock Market:

  • The Dow surges 566 points, climbing above 48,000, as the markets near the close [04:09].

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Notable Quotes

• "Conditions in the labor market appear to be gradually cooling and inflation remains somewhat elevated."
  — Jerome Powell [00:09]
• "A choice to impose a tariff tax on small businesses... and a choice to insert a $1 trillion bomb into ... health care."
  — Sarah McBride [00:53]
• "The Biden administration spent like drunken sailors and ... we all knew ... it would not work if it had exactly the opposite effect."
  — Mike Johnson [01:16]
• "We've got to build more affordable housing."
  — Eileen Higgins [02:29]
• "You cannot weaponize those things and and put your thumb on the scale for political purposes."
  — Kevin Stitt [03:10]

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This episode captured key breaking news in U.S. economics, politics, city governance, energy policy, sports, and the financial markets, with pointed exchanges and new developments in each area.

Transcript

[Lisa Brady]

The Fed makes a move. Lisa Brady, FOX News. A third straight quarter point cut in the Fed's benchmark interest rate.

[Jerome Powell]

Conditions in the labor market appear to be gradually cooling and inflation remains somewhat elevated.

[Lisa Brady]

Fed Chair Jerome Powell also noting that some reports are still missing because of the recent government shutdown. But he says the central bank is now well positioned to see how the economy evolves going forward and they're boosting the growth forecast.

[Jerome Powell]

In our summary of economic projections, the median participant projects that real GDP will rise 1.7% this year and 2.3% next year, somewhat stronger than projected in September.

[Lisa Brady]

Pointing in part to resilient consumer spending and impacts of AI on business investments. Democrats blame the Trump administration for what they call an affordability crisis, though Delaware Congresswoman Sarah McBride says Republicans made a.

[Sarah McBride]

Choice, a choice to impose a tariff tax on small businesses and consumers, a choice to cut food assistance, and a choice to insert a $1 trillion bomb into the center of the American health care system.

[Lisa Brady]

But the president's team says his policies are working and have the economy moving in the right direction, away from problems they blame on the previous administration. House Speaker Mike Johnson.

[Jerome Powell]

The Biden administration spent like drunken sailors and they attempted to tax and regulate their way to prosperity. And we all knew when they were doing it that it would not work if it had exactly the opposite effect.

[Lisa Brady]

Test votes are expected tomorrow in the Senate on competing health care plans from the Democrats. A proposed extension of Obamacare subsidies. Republicans would shift that money into government funded health savings accounts instead for millions of Americans. Both sides say action is needed to lower premiums, but neither plan appears to have the votes needed to advance. The White House confirming a call between President Trump and the leaders of France, Britain and Germany about a peace plan for Ukraine. Ukraine and Europe expected to offer their own proposal. America is listening to FOX News.

[Ainsley Earhart]

This is Ainsley Earhart. Thank you for joining me for the 52 episode podcast series the Life of.

[Podcast Narrator]

Jesus, A listening experience that will provide hope, comfort and understanding of the greatest story ever told. Listen and follow [e-mail] or wherever you listen to podcasts.

[Lisa Brady]

For the first time in nearly 30 years, a Democrat is elected mayor of Miami. Eileen Higgins, winning a runoff election yesterday against a Trump backed Republican. Though it's considered a nonpartisan race, Higgins.

[Eileen Higgins]

Wants to tackle living cost issues.

[Eben Brown]

We've got to build more affordable housing.

[Eileen Higgins]

Hoping to modernize the city's permitting. Higgins also wants to withdraw from agreements with DHS to aid immigration enforcement.

[Eben Brown]

The city of Miami did not need to join that to sign that agreement, but they've done it. But the regulations are unclear about whether you can walk back and reverse that.

[Eileen Higgins]

Democrats claim the mayor's race is indicative of wider voter sentiment. The office of Miami's mayor is part time and officially nonpartisan. In Miami, Eben Brown, Fox News Hagan.

[Lisa Brady]

Is also the first woman elected to that post. Not all Republican governors are on board with President Trump's move away from wind energy.

[Kevin Stitt]

Oklahoma Governor Kevin Stitt is criticizing the Trump administration for canceling wind energy projects. He made those comments during an event with global news platform Semaphore saying you cannot weaponize those things and and put your thumb on the scale for political purposes. An executive order from President Trump signed his first day in office temporarily halted the construction of wind farms on public lands. Oklahoma has generated more than 12,000 megawatts of wind capacity, ranking just behind Texas and Iowa for wind powered electricity.

[Lisa Brady]

Fox's Jarrett Halpern a big deal in baseball. The Baltimore Orioles reportedly agreeing to a $155 million five year deal with slugger Pete Alonso who opted out of the final year of a deal day with the Mets, who just yesterday lost closer Edwin Diaz. He agreed to leave New York for a deal with the LA Dodgers. An hour to the close. On Wall Street, a rally the dows now up 566 points back over 48K.

[Ainsley Earhart]

Elisa Brady, Fox News.