Summary5 min read

Fox News Hourly Update:

A New All-Time Intraday High for the Dow Jones Industrials

July 6, 2026 – Hosted by Chris Foster

Episode Overview

This episode spotlights major financial, political, and crime news stories of the day. Key topics include the Dow Jones Industrial Average reaching a record high, a new government savings initiative for children, dramatic developments with Team USA at the World Soccer Tournament, high-profile legal proceedings in Utah, reports of holiday weekend violence across the country, and the conclusion of a Trump administration cost-cutting commission. The update also briefly addresses recent U.S.-Israel diplomatic dynamics.

Key Discussion Points and Insights

1. Dow Jones Hits Record High with Presidential Opening (00:03)

The Dow Jones Industrial Average surpasses 53,000 for the first time in history.
President Trump celebrated by ringing the opening bell from the Oval Office—an unusual, symbolic gesture tied to launching new government-backed "Trump accounts" for kids.
Quote (Chris Foster, 00:03):
“The Dow hits 53,000 for the first time. Ring the bell, Mr. President, after President Trump in the Oval Office rings the opening bell to start the trading day on Wall street to celebrate the Treasury Department's launch of Trump accounts."

Trump Accounts for Youth (00:21)

"Trump accounts" (July 4th investment accounts) provide federal contributions for children born between 2005 and 2025, continuing up to 2028.
Initial deposit: $1,000 at birth, with up to $5,000 a year in additional contributions until age 18.
Quote (Jay Berman, 00:21):
"We're giving this money to children so they can have a good life there."

2. Soccer: Team USA Red Card Suspension Overturned (00:26)

President Trump personally intervened with FIFA to overturn a suspension of Team USA's top scorer, Balogun, who stepped on an opponent's ankle.
FIFA reversed the automatic ban, but Belgium is appealing, citing conflict with competition regulations.
Quote (Jay Berman, 00:52):
"After receiving the red card, Baligan was supposed to miss Monday night's game. The Belgian federation is, quote, astonished by FIFA's decision to suspend the ban, citing Article 27 of its Disciplinary code. They continued, it's in, quote, direct contradiction of the competition regulations."

3. Utah Murder Hearing: The Charlie Kirkz Case (01:13)

Court proceedings begin against Tyler Robinson, accused of killing conservative activist Charlie Kirkz.
Emotional courtroom as victims' family faces the accused for the first time since the assassination.
The Kirkz family statement, read before the hearing, emphasized their enduring pain and loss.
Quote (Erica Kirk, 01:23):
"[Charlie] was a beloved husband, son, brother, friend and father. Every court proceeding serves as a painful reminder of his death and the loss that has irrevocably impacted our lives and the lives of his children."

4. Surge in Holiday Weekend Violence (02:36)

At least 10 states reported shootings over the July 4th weekend, including particularly violent incidents in Chicago, Brooklyn, and Boston.
Chicago: 3 dead, 21 shot, 3 stabbed; homicides up 5% compared to last year; 2 police officers among the wounded.
Brooklyn: 18-year-old arrested for firing into an unmarked police car; Officer Robert Carroll, almost retired, saved by bulletproof vest.
Boston: 13 shot, 2 killed.
Quote (Jay Berman, 02:36):
"Three people dead, 21 shot, three stabbed in various attacks over the long holiday weekend. Two police officers are among those wounded, but are expected to recover."
Memorable Moment:
Officer Carroll, set to retire in 10 days, shot in the back but survived due to his vest.

5. End of the Trump Administration’s Doge Cost-Cutting Commission (03:21)

The Department of Government Efficiency (DOGE) concludes work after being established in 2025 with a mandate to cut federal spending.
DOGE claims it saved $215 billion via ending diversity grants, unused office leases, and software cuts—well below the original $2T target.
Some savings claims lack full public documentation; receipts are pending.
Quote (Tanya J. Powers, 03:21):
"President Trump's 2025 executive order creating the Department of Government Efficiency also established an end to it as well this year, on July 4, Doge claims it saved $215 billion, including by canceling diversity, equity and inclusion grants, terminating leases for underused office space and slashing duplicate software licenses. Its public receipts do not fully document the headline savings claim."

6. US-Israel Relations: Diplomatic Strains, Continued Alliance (04:07)

Despite recent tensions, Israeli PM Benjamin Netanyahu reaffirms the strong U.S.-Israel alliance and acknowledges open disagreements.
Quote (Chris Foster, 04:09):
"You can imagine the president has his way of expressing things and so do I. But we are, you know, we're allies."

Notable Quotes & Memorable Moments (with Timestamps)

“The Dow hits 53,000 for the first time. Ring the bell, Mr. President...”
—Chris Foster (00:03)
"We're giving this money to children so they can have a good life there."
—Jay Berman (00:21)
"The Belgian federation is... astonished by FIFA's decision to suspend the ban..."
—Jay Berman (00:52)
"[Charlie] was a beloved husband... every court proceeding serves as a painful reminder of his death..."
—Erica Kirk via statement (01:23)
"Three people dead, 21 shot, three stabbed in various attacks over the long holiday weekend."
—Jay Berman (02:36)
"Officer Robert Carroll, a husband father of three who was set to retire in just 10 days..."
—Jay Berman (02:36)
"Doge claims it saved $215 billion... Its public receipts do not fully document the headline savings claim."
—Tanya J. Powers (03:21)
"You can imagine the president has his way of expressing things and so do I. But we are, you know, we're allies."
—Chris Foster quoting PM Netanyahu (04:09)

Important Timings

Dow Jones news & Trump account announcement: 00:03–00:26
FIFA/Team USA soccer story: 00:26–01:13
Utah murder trial updates: 01:13–01:54
Violence & police incidents over the holiday: 02:36–03:12
DOGE commission's closure & savings summary: 03:21–03:59
US-Israel diplomatic exchanges: 04:07–04:09

This concise yet information-packed episode brings listeners up to speed quickly on several major stories with national and international significance, emphasizing real-time updates on financial milestones, crime, governmental reforms, and foreign affairs.

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Transcript13 lines

[00:03]
Chris Foster
A new high for the Dow. I'm Chris Foster, Fox News. The Dow hits 53,000 for the first time. Ring the bell, Mr. President, after President Trump in the Oval Office rings the opening bell to start the trading day on Wall street to celebrate the Treasury Department's launch of Trump accounts. July 4th investment counts, accounts for children.
[00:21]
Jay Berman
We're giving this money to children so they can have a good life there.
[00:26]
Chris Foster
For kids born between 2005 and 2025 and 2028 started with $1,000 in the federal government, then up to $5,000 a year and other contributions after that to age 18. Fox confirms that President Trump called soccer's governing body, FIFA's president, to intervene. And an automatic ban for Team USA's top scorer for tonight's match against Belgium is overturned on review. But now the Belgians are appealing that decision. Though Baligan was ejected during the last match after stepping on an opponent's ankle.
[00:52]
Jay Berman
After receiving the red card, Baligan was supposed to miss Monday night's game. The Belgian federation is, quote, astonished by FIFA's decision to suspend the ban, citing Article 27 of its Disciplinary code. They continued, it's in, quote, direct contradiction of the competition regulations. Jay Berman, FOX News.
[01:14]
Chris Foster
Prosecutors in Utah today start presenting evidence against Tyler Robinson, conservative activist Charlie Kurtz, accused murderer, for a judge to determine if there's enough evidence to proceed with a trial.
[01:23]
Erica Kirk
Family from both sides of this case will come face to face inside the courtroom. Sitting just across the aisle from each other. And for the first time since her husband's assassination, Erica Kirk will put her eyes on the man she thinks is responsible. And just this morning, the Kirk family released a statement ahead of today's critical hearing saying this in part, Charlie was a beloved husband, son, brother, friend and father. Every court proceeding serves as a painful reminder of his death and the loss that has irrevocably impacted our lives and the lives of his children.
[01:54]
Chris Foster
Fox chimney painter in Provo, Utah. America's listening to FOX news. Close your eyes. Visualize your appliances and home systems protected, covered, repairs and replacements taken care of. Washers, dryers, AC units. Now say it with me. American Home Shield warranty, American Home Shield. Don't worry, be warranty for 20% off our plans. Visit ahs.com listen see ahs.com contracts for coverage details, including limit amounts, fees, limitations and exclusions. There are shootings in at least 10 states over the weekend, including Illinois and Chicago.
[02:36]
Jay Berman
Three people dead, 21 shot, three stabbed in various attacks over the long holiday weekend. Two police officers are among those wounded, but are expected to recover. Homicides are up 5% in Chicago right now compared to the same time last year. But the crime wasn't just in the Windy City. In Brooklyn, an 18 year old was arrested on Sunday after firing seven times into an unmarked police car. Officer Robert Carroll, a husband father of three who was set to retire in just 10 days, was shot in the back, but he only has minor injuries because he was wearing his bulletproof vest.
[03:12]
Chris Foster
Fox's Todd Pyro Eight people were shot at a family cookout in Brooklyn, New York. 13 shot, two killed over the weekend in Boston. The Trump administration's Doge Cost Cutting commission is no more.
[03:22]
Tanya J. Powers
President Trump's 2025 executive order creating the Department of Government Efficiency also established an end to it as well this year, on July 4, Doge claims it saved $215 billion, including by canceling diversity, equity and inclusion grants, terminating leases for underused office space and slashing duplicate software licenses. Its public receipts do not fully document the headline savings claim. Doge initially claimed it would save taxpayers $2 trillion before reducing its goal to 1 trillion and eventually falling far short of that. A message on the Doge website says they are working to upload all its receipts. Tanya J.
[04:00]
Chris Foster
Powers, FOX News State despite tension with President Trump lately, Israeli's Prime Minister Benjamin Netanyahu says the US And Israel still
[04:08]
Jay Berman
see eye to eye sometimes, as happens
[04:09]
Chris Foster
among the best of allies, and we are the best of allies, there can be differences of opinion. We usually speak about it in open conversation. You can imagine the president has his way of expressing things and so do I. But we are, you know, we're allies. On Fox and Friends, I'm Chris Foster, FOX News. Cheers to America's 250% birthday. Get 20% off your first purchase at foxnewswineshop.com with code FNRADIO20. 20% discount excludes wine club offers and cannot be combined with any other promotion. Expires July 31, 2026. Must be 21 or older to order. Please drink responsibly.