6PM ET 07/24/2025 Newscast

Summary

Fox News Hourly Update Episode: 6PM ET 07/24/2025 Newscast Release Date: July 24, 2025 Host/Author: FOX News Podcasts

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Federal Reserve and Interest Rates

The newscast opens with a significant focus on President Donald Trump's recent engagement with the Federal Reserve. The President visited the construction site of the Federal Reserve's headquarters, addressing concerns over cost overruns. Contrary to Trump’s claims, Federal Reserve Chair Jerome Powell refuted the allegations.

Jerome Powell stated, “That’s not true” regarding the reported cost overruns at the Federal Reserve headquarters.

President Trump expressed his primary concern over interest rates, emphasizing his desire for a decrease. At [00:19], Trump asserted, “I just want to see one thing happen, very simple. Interest rates have to come down.” Despite his criticisms, Trump clarified at [00:23], “To do that is a big move and I just don't think it's necessary,” indicating no immediate plans to replace Powell before the latter's term concludes in May next year.

Financial Cuts and Legislation

Shifting focus to fiscal policies, President Trump signed a bill rescinding nearly $9 billion in federal funding that had previously been approved by Congress. This cut targets allocations for public broadcasting and foreign aid. The reductions had already received approval from both the Senate and the House earlier in the month, signaling a notable shift in federal budget priorities.

Middle East Ceasefire Negotiations

The update delves into the ongoing conflict in Gaza, highlighting the challenges faced by U.S. negotiators in brokering a ceasefire. Steve Witkoff, a special envoy, reported at [00:50], “The US Team negotiating in Doha is heading home early.” He criticized Hamas for their lack of commitment to peace, stating, “the latest response from Hamas clearly shows a lack of desire to reach a ceasefire in Gaza,” and accused them of not acting in good faith.

Witkoff further elaborated on potential strategies, mentioning that the Trump administration is now considering alternative options to secure the release of hostages and stabilize the region. He emphasized, “Hamas has acted in a selfish way,” referencing the U.S.-backed plan that proposed a 60-day ceasefire coupled with the release of hostages and Palestinian prisoners.

European Politics and Market Update

In international news, French President Emmanuel Macron announced France’s intention to recognize Palestine as a state. Fox News reporter Jared Halpert conveyed Macron’s statement via social media (referred to here as “X”), noting that the formal recognition would be presented at the United Nations General Assembly in September. This decision comes amid growing global concern over humanitarian issues in Gaza, particularly widespread starvation.

Israeli Prime Minister Benjamin Netanyahu condemned Macron’s move, arguing that it “rewards terror and risks creating another Iranian proxy.” This geopolitical tension coincides with a notable dip in the U.S. stock market, where the Dow Jones Industrial Average fell by 360 points, and the Nasdaq increased by 37 points, contributing to a record fluctuation.

Notable Obituaries

The newscast reported the passing of two prominent figures:

1. Terry Jean Bollea, known as Hulk Hogan:

   • [02:33]: Hogan, aged 71, was a legendary wrestler who significantly influenced sports entertainment during the 1980s and 1990s. Known for his iconic mustache, bandana, and signature "rip-away" shirts, Hogan was a cultural phenomenon who extended his legacy into film, television, and public appearances. Notably, he appeared at the Republican National Convention last year in support of President Trump. Hogan passed away at his Florida home due to cardiac arrest. Unknown Commentator remarked at [02:57], “Trump media rule again,” highlighting Hogan’s political affiliations.

2. Chuck Mangione:

   • [03:14]: The jazz legend, renowned for his 1977 hit "Feels So Good," died at his home in Rochester, New York, at the age of 84. Mangione also composed "Give It All You Got" for the 1980 Lake Placid Olympics, which he performed during the closing ceremony. His contributions to music, particularly jazz, left a lasting impact on the industry.

State Politics

In Wisconsin, Governor Tony Ever declared that he will not seek re-election next year, as reported at [03:14]. Governor Ever’s tenure has been marked by a contentious relationship with the state Legislature, controlled by Republicans since 2011. His decision opens the field for new candidates in what will be the first open gubernatorial race in Wisconsin in 16 years.

Business News: McDonald's Expands Beverage Offerings

In business news, McDonald's is set to introduce a range of new cold beverages targeted at younger consumers, particularly those in their teens and twenties. Charlie Newberger, head of beverages and desserts at McDonald's, revealed at [03:54] that the company is responding to trends driven by Generation Z. The new offerings, dubbed "dirty sodas," are infused with dried fruit-flavored syrups. Upcoming options include:

• Strawberry Watermelon Refresher
• Sprite
• Lunar Splash
• Popping Tropic Refresher
• Creamy Vanilla Cold Brews

These innovative beverages aim to cater to evolving consumer preferences and enhance McDonald's appeal among a younger demographic.

Cultural and Entertainment Highlights

The newscast also briefly mentioned the passing of Chuck Mangione, a celebrated jazz musician, highlighting his contributions to music and his involvement in significant cultural events like the 1980 Lake Placid Olympics.

Audience Engagement: Daily Quiz

Towards the end of the broadcast, the show promoted an interactive quiz segment designed to engage viewers. The segment features five questions to be answered in less than five minutes, with participants from the streets of New York City contributing live responses. The quiz encourages daily participation, fostering a sense of community and interaction among the audience.

Steve Witkoff closed the segment by thanking participants: “Thank you for taking the quiz” at [04:40].

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This comprehensive update encapsulates the day's major headlines, offering viewers a detailed overview of political developments, international conflicts, market movements, notable passings, state politics, and business innovations. By integrating direct quotes and precise timestamps, the summary provides an accurate and engaging account of the news broadcast, ensuring that even those who haven't listened can stay informed.

Transcript

[Unknown Anchor]

A meeting with the head of the Federal Reserve. Finally, solacera Fox News President Trump took a tour of the construction of the headquarters of the central bank after saying the project has had cost overruns. Powell Jerome Powell said that's not true. The president had also been critical of Powell for not lowering interest rates.

[Donald Trump]

I just want to see one thing happen, very simple. Interest rates have to come down.

[Unknown Anchor]

But the president said he has no plans to replace Powell before his term is up.

[Donald Trump]

To do that is a big move and I just don't think it's necessary.

[Unknown Anchor]

Powell is expected to serve through next May. The president signed a bill that would rescind close to $9 billion in federal funding previously approved by Congress for public broadcasting and foreign aid. The cuts were approved by the Senate and the House earlier this month. U.S. negotiators are cutting off talks aimed at reaching a ceasefire in Gaza.

[Steve Witkoff]

The US Team negotiating in Doha is heading home early. Special envoy Steve Witkoff says the latest response from Hamas clearly shows a lack of desire to to reach a ceasefire in Gaza. And Hamas, he says, is not acting in good faith. Witkoff now says the Trump administration will consider alternative options to bring hostages home and create a more stable environment for the people of Gaza. In a statement, he says Hamas has acted in a selfish way. A US backed plan called for a 60 day ceasefire of the release of at least 10 living hostages from Gaza and hundreds of Palestinian prisoners in Israel freed.

[Unknown Anchor]

Fox's Jared Halpert @ the White House. French President Emmanuel Macron says France will recognize Palestine as state. Macron posting on X. He will formalize the decision at the United Nations General assembly in September. The move coming as global outrage grows over people starving in Gaza. Israel's Prime Minister Benjamin Netanyahu condemned the move, saying it rewards terror and risks creating another Iranian proxy. Wall street the Dow lost 360 in the Nasdaq plus 37 adding to its record. America is listening to Fox News.

[New Balance Advertiser]

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[Unknown Anchor]

A WWE icon has died.

[Unknown Reporter]

Hulkamania has taken its final bout. Terry Jean Belia, better known to millions as Hulk Hogan, has died. He was 71 years old. The legendary wrestler who transformed sports entertainment and became a household name in the 80s and 90s died at his Florida home, reportedly from cardiac arrest. With his signature mustache bandana and rip away shirts. He spoke at the Republican National Convention last year in support of his friend Donald Trump.

[Unknown Commentator]

Trump media rule again.

[Unknown Reporter]

Hogan was face of the WWF's golden era and preached to his Hulkamaniacs the virtues of training, prayers and vitamins. The wrestling legend also made his mark in films like Suburban Commando, had his own Saturday morning cartoon and a reality series, Hogan Knows Best.

[Unknown Anchor]

Michelle Palino, Fox News and jazz legend Chuck Mangione has died. Mangione, best known for the 1977 hit Feels so Good, tied Tuesday at his home in Rochester, New York. Mangione also wrote give it all you got for the 1980 Lake Placid Olympics, which he performed at the closing ceremony. Chuck Mangione was 84. Wisconsin Governor Tony Ever says he will not seek re election next year, creating the first open race for governor in 16 years. Ever's tenure as governor has been marked by his often contentious relationship with the Legislature, which Republicans have controlled since 2011. McDonald's wants to cash in on on.

[Charlie Newberger]

Demand for cold beverages Dirty sodas and flavored cold brews are coming to some McDonald's restaurants in September. Dirty sodas are spiked with dried fruit flavored syrups. New options will include the Strawberry Watermelon Refresher, Sprite, Lunar Splash, Popping Tropic Refresher along with creamy vanilla cold brews. McDonald's head of beverages and desserts Charlie Newberger says the trends are being driven by Gen Z customers in their teens and twenties.

[Unknown Anchor]

Fox's Jenny Casola I'm Lisa Liceras.

[Quiz Host]

Fox News it is time to take the quiz.

[Unknown Quiz Announcer]

It's five questions in less than five minutes. We asked people on the streets of New York City to play along. Let's see how you do.

[Quiz Host]

Take the quiz every day at thequiz Fox, then come back here to see how you did.

[Steve Witkoff]

Thank you for taking the quiz.