Fox News Hourly Update — 5AM ET 02/21/2026 Newscast

Overview of Episode This fast-paced episode of the Fox News Hourly Update covers the Supreme Court’s major decision on presidential tariff powers, President Trump’s response and foreign policy moves concerning Iran, a preview of the highly anticipated US-Canada Olympic hockey final, reactions from US business owners, and a US military anti-narcotics operation in the Pacific.

Key News Segments & Discussion Points

1. Supreme Court Rejects President Trump’s Tariff Authority

• [00:03] Chris DiMaio reports that the Supreme Court struck down President Trump’s ability to impose reciprocal tariffs without Congress’ approval.
• [00:12] Kevin Cork elaborates on the 6–3 decision, clarifying that Trump lacked the authority to unilaterally impose global import taxes under the International Emergency Economic Powers Act (IEEPA).
  • Notable: “President Trump didn't hold back in his criticism... a ruling he didn't have the power that he could impose import taxes under ipa...” (Kevin Cork, 00:12)
• President Trump is now proposing a new temporary global tariff order: a 10% levy as an alternative.

2. Heightened Tensions With Iran

• [00:50] Chris DiMaio: President Trump is considering a limited military strike on Iran to pressure for a nuclear deal.
• [01:03] Jennifer Griffin details Iran’s response, warning that even a limited US strike would unleash a missile barrage on US bases in Qatar, UAE, and Bahrain:
  • Notable: “Any attack by the United States, limited or not, would cause them to unleash their vast missile arsenal at US Bases vulnerable to attack...” (Jennifer Griffin, 01:05)
  • Griffin describes the “narrow” Strait of Hormuz and positions US forces in Jordan, cautioning: “The US could find itself in another Middle east war without a clear exit strategy.” (01:21)
• [01:36] Chris DiMaio notes the deployment of the USS Gerald R. Ford strike group to the region and specifies Trump has given Iran “a 10 to 15 day window” to agree to a nuclear deal, warning “bad things will happen” if Tehran refuses.

3. US & Canada Set for Olympic Hockey Showdown

• [02:40] Sports update with Joe Morgan previewing Sunday’s gold medal game between the US and Canada.
  • Team USA dominated Slovakia 6–2; Canada edged past Finland 3–2 with a dramatic late goal from Nathan McKinnon.
  • Notable: “The U.S. last reached the final at the 2010 Games when it lost to Canada in overtime thanks to Sidney Crosby's golden goal.” (Joe Morgan, 03:10)
  • The US seeks its first gold since the 1980 "Miracle on Ice."

4. American Businesses React to Tariff Ruling

• [03:25] Chris DiMaio: Small business owners in Washington state express relief at the Supreme Court ruling.
• [03:32] Report features Savage Papal, owner of Jet City Device Repair:
  • “We had to scramble. It was constant meetings with our partners overseas after today's Supreme Court ruling. He says this is much needed relief.” (Savage Papal, 03:42–03:47)
  • “At least there's one pressure point... relieved right if this goes in the right direction and continues to improve.” (Savage Papal, 03:52–03:55)
  • Governor Ferguson’s statement: Washington state’s brief to the Supreme Court highlighted economic harm—port traffic and agricultural exports dropped, costs rose for businesses.

5. US Navy Anti-Narcotics Operation

• [04:15] Chris DiMaio: The US military conducted a fatal strike on a suspected narco-trafficking vessel in the eastern Pacific:
  • Three killed; USS Southern Command says vessel was along known smuggling routes.
  • “The boat was transiting along known narco trafficking routes and was engaged in narco trafficking operations.” (Chris DiMaio, 04:20)

Notable Quotes & Memorable Moments

• On Supreme Court decision:

  “President Trump didn't hold back in his criticism of the US Supreme Court following that 6 to 3 decision…”
  (Kevin Cork, 00:12)

• On Iran:

  “Any attack by the United States, limited or not, would cause them to unleash their vast missile arsenal at US Bases…”
  (Jennifer Griffin, 01:05) “The US could find itself in another Middle East war without a clear exit strategy.”
  (Jennifer Griffin, 01:21)

• On Olympic hockey:

  “The Americans haven't won gold since the Miracle on Ice team in 1980.”
  (Joe Morgan, 03:16)

• On small business impact:

  “We had to scramble. It was constant meetings with our partners overseas after today's Supreme Court ruling. He says this is much needed relief.”
  (Savage Papal, 03:42–03:47)
  “Washington state demonstrated the damage of the tariffs to the Supreme Court. In our brief, we saw a drop in traffic at our ports, our agricultural industry saw a steep drop in shipments and cost for business increased.”
  (Governor Ferguson statement via Fox 13 Seattle/Alejandro Guzman, 04:05)

Timestamps for Key Segments

• Supreme Court Tariff Decision & Reaction: 00:03–00:50
• US-Iran Tensions and Military Buildup: 00:50–01:36
• Olympic Hockey Preview (US vs. Canada): 02:40–03:25
• Small Business Owner Reactions: 03:25–04:15
• US Navy Drug Interdiction Strike: 04:15–04:37

This concise and multi-topic newscast provides rapid updates for listeners on top national security, legal, sports, and economic stories, highlighting key implications for the US and its global posture.