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Dave Anthony
Stock futures are surging. Oil prices are plunging. I'm Dave Anthony, FOX News. Reacting to a potential end to the Iran conflict, bringing oil down 10%, President Trump just posted on Truth Social minutes ago, if Iran doesn't agree to a deal being considered, the bombing restarts with much higher intensity than before. And here's what's on the table.
Peter Doocy
One page, 14 points. That is what is being hashed out between the US and Iran, according to a report just out in Axios.
Dave Anthony
Fox's Peter Doocy at the White House.
Peter Doocy
Something could come together in the next 48 hours, according to this report that also says this is the closest the two sides have been to resolving their differences since the shooting started in February. And it follows President Trump yesterday deciding to stop a military campaign in the Strait of Hormuz.
Dave Anthony
That was Project Freedom that had just started Monday, a plan for the US Military to escort hundreds of oil tankers and ships that have been stranded in the strait. And Iran fired at some American ships and commercial vessels. There's another Trump Truth to Social post just out this morning touting the White House ballroom, the president's building as magnificent and coming in ahead of schedule and under budget, he wrote. Reacting to reports of cost overruns. Republicans in the Senate are proposing spending a billion dollars for ballroom security victories for President Trump in Indiana's primaries, though he wasn't on the ballot there.
Madeleine Rivera
The president's supporters say this should put GOP members who don't support the president's redistricting plan on notice. So for context, last year several Republicans in Indiana state Senate joined Democrats to reject a new congressional map. It would have created two more right leaning House seats. The president, upset by the results, then backed candidates looking to unseat seven state senators who defied him this morning. So far, only one incumbent has survived. Another race has yet to be called.
Dave Anthony
Fox's Madeleine Rivera. In Ohio's primaries, former Senator Sherrod Brown won the Democratic race trying to unseat Republican Senator John Houston. Vivek Ramaswamy won the GOP primary for governor. He'll face Democrat Amy Acton, America's largest listening to Fox News.
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Dave Anthony
One of the people shot in the mass shooting Sunday night near Oklahoma City has died. She was an 18 year old who'd been in critical condition. 22 others were injured that night. And police are still looking for the two masked gunmen who had attacked a party at Arcadia Lake in Edmond, Pennsylvania. Three people are charged in a shooting at a party last year.
Chester County District Attorney Chris Deborah Sarobi
Police say the three, aged 20, 19 and 17, are charged with second degree murder, robbery and conspiracy in the death of Juwan Jeffers last October during homecoming festivities at Lincoln University. The school is about 25 miles east of Wilmington, Delaware. Six other people were hurt in the incident, which Chester County District Attorney Chris Deborah Sarobi says was motivated by robbery.
Law Enforcement Official
There's a bevy of text messages, photos and videos that we were able to use to piece together this simple truth, right, that this group came to crash the party.
Chester County District Attorney Chris Deborah Sarobi
One of the accused was 16 at the time of the shooting and is charged as an adult. Tanya J.
Dave Anthony
Powers, FOX NEWS we mentioned stock futures are surging as oil prices drop on the possibility of an end to the Iran conflict. For the Dow, the futures are more than 500 points, more than 400 for the NASDAQ. The day after a big surge lifted the Nasdaq and the S&P 500 to record highs in the NBA playoffs, the defending champions keep winning. After a first round sweep, the Oklahoma City Thunder took the opening game around two, beating the LA Lakers 108 to 90. The top seed in the East, Detroit also won.
Cade Cunningham
No, at home. You gotta protect home court. We didn't do that last series. So we know supporting this series, they're a tough team. They want to come in and still won. So we handle business tonight. We gotta do it again.
Dave Anthony
That's cade Cunningham on NBC. Peacock after the Pistons beat the Cleveland Cavaliers 111, 101 in the NHL playoffs. Colorado 5, Minnesota 2. That gives the Avalanche 2 nothing series lead over the Wild. I'm Dave Anthony and this is FOX News.
This edition of the Fox News Hourly Update, hosted by Dave Anthony, delivers critical breaking news on financial markets, U.S.-Iran relations, political developments from primary elections, violent crime stories, and the latest in major league sports. The episode’s core theme pivots on the potential de-escalation in the Iran conflict and its far-reaching repercussions, alongside rapid-fire updates on politics, crime, and sports.
“If Iran doesn't agree to a deal being considered, the bombing restarts with much higher intensity than before.” (00:11)
“You gotta protect home court. We didn't do that last series... We handle business tonight. We gotta do it again.” (Cade Cunningham, 04:10)
President Trump (via Truth Social)
“If Iran doesn't agree to a deal being considered, the bombing restarts with much higher intensity than before.” (00:11)
Peter Doocy (White House, on deal status)
“One page, 14 points. That is what is being hashed out between the US and Iran, according to a report just out in Axios.” (00:22)
Madeleine Rivera (Indiana Primaries Impact)
“The president's supporters say this should put GOP members who don't support the president's redistricting plan on notice.” (01:20)
Law Enforcement Official (on investigative evidence)
“There's a bevy of text messages, photos and videos ... that this group came to crash the party.” (03:24)
Cade Cunningham (Detroit Pistons, after playoff win)
“You gotta protect home court. We didn't do that last series... We handle business tonight. We gotta do it again.” (04:10)
The episode features Fox’s classic urgent, no-nonsense news delivery, focusing on the gravity of breaking events with spot analysis. Punchy, direct soundbites from correspondents, politicians, and involved parties anchor each section, underscoring the sweeping—sometimes turbulent—changes making headlines.
In just over four minutes, this Fox News Hourly Update delivers a sweeping rundown of critical news: U.S.-Iran diplomacy brings economic relief; Trump’s political maneuvers ripple through GOP primaries; communities reel from high-profile shootings; and top contenders clash in the sports playoffs. The tone is brisk, pointed, and authoritative—an indispensable update for anyone needing a rapid-fire grasp of current events on May 6, 2026.