Another Spike in Inflation - Fox News Hourly Update

Summary4 min read

Fox News Hourly Update – Episode Summary

Episode Title: Another Spike in Inflation
Date: May 13, 2026
Host: Dave Anthony

Overview

This episode delivers a rapid-fire update on major breaking news stories, focusing primarily on the latest inflation spike in the U.S., ongoing international tensions affecting oil prices, updates on the Iran conflict, and significant legal and health news. The tone remains urgent and factual, with correspondents providing succinct reports on each developing story.

Key Discussion Points & Insights

1. Inflation Surge & Economic Impact

Spike in Wholesale Prices:
- Reporter: Ginny Casola
- Details: Producer Price Index (PPI) jumped 1.4% in April; Core PPI (excluding food and energy) rose 1%. Annually, PPI increased 6%, marking the highest rate since 2022.
- Notable Quote [00:13]:
  
  "Prices paid at the wholesale level before they reach consumers jumped in April. The producer price index rose 1.4% for the month... for the year ending in April, the PPI rose 6%." – Ginny Casola
Wall Street Reaction:
- Mixed response: Dow down 180 points, S&P 500 down by 7, Nasdaq up by 1
- Oil and Gas Prices: Oil prices remain high (WTI around $102/barrel), national average for gas at $4.51/gallon.

2. Iran Conflict & Global Oil Dynamics

Driving Inflation:
- Ongoing Iran conflict has led to higher oil/gas prices and contributed to inflation.
- President Trump in China: Engaging in talks with Chinese officials; Iran mentioned as an agenda item.
- Notable Quote [01:09]:
  
  "Trade is a top priority for the state visit, not Iran, although Iran will come up... he says that he does not need China's help when it comes to Iran." – Aisha Hosny
Strait of Hormuz Shipping Disruptions:
- U.S. military continues to blockade Iranian ports; majority of sea traffic remains stalled.
- Only two vessels passed through the strait, including a Chinese supertanker carrying Iraqi crude oil.
- Notable Quote [02:51]:
  
  "As for the Strait of Hormuz, the majority of sea traffic remains stalled while a handful of vessels are getting through." – Trey Youngston

3. Health Stories: Hantavirus Outbreak

Cruise Ship Quarantine:
- 18 Americans quarantined after a hantavirus outbreak on a cruise ship, with three deaths.
- Only 1 out of 18 tested positive; others show no or mild symptoms.
- Personal Account [01:34]:
  
  "A number of us on board came down what felt like a flu... I had three days of night sweats, a lot of chills, some mild respiratory and a lot of fatigue." – Stephen Kornfeld
International Cases:
- One passenger traveling to France critically ill, requiring artificial lung support.

4. Major Crime & Legal Updates:

Matthew Perry’s Death and Sentencing:
- Sentencing for those involved in supplying actor Matthew Perry with fatal ketamine doses.
- Key Points:
  - Eric Fleming (counselor) delivered fatal doses; connected Perry with dealer "Ketamine Queen" Jasmine Sangha (sentenced to 15 years).
  - Source doctor received 8 months home confinement; another doctor got 2 years probation.
  - Perry’s assistant to be sentenced next month.
- Notable Quote [03:11]:
  
  "Eric Fleming, a licensed drug addiction counselor, delivered the doses of ketamine that killed Matthew Perry two and a half years ago... Fleming confessed, gave up Sangha, and pleaded guilty to one count of distribution of ketamine resulting in death..." – Chris Foster

5. Obituaries & Notable Deaths

NBA-Related Deaths:
- Brandon Clark (Memphis Grizzlies): Investigated for suspected overdose, dead at 29.
- Jason Collins: Died from brain cancer at 47; known as the first openly gay player in a major team sport.
- Notable Quote [03:48]:
  
  "Jason Collins became famous in 2013, the first player in any major sport to come out as gay before his last season in the NBA." – Dave Anthony

Memorable Moments & Notable Quotes

"That's the most annual wholesale inflation since 2022." – Dave Anthony [00:30]
"He was greeted by the vice president of China and 300 Chinese kids waving the China and US flags." – Aisha Hosny [01:03]
"Trade is a top priority for the state visit, not Iran, although Iran will come up." – Aisha Hosny [01:09]
"As for the Strait of Hormuz, the majority of sea traffic remains stalled..." – Trey Youngston [02:51]
"Brandon Clark, who was on the Memphis Grizzlies, found dead in a home in Los Angeles age of 29." – Dave Anthony [03:48]

Timestamps for Key Segments

[00:02] – Inflation spike introduction
[00:13] – Detailed producer price index report
[00:30] – Market and economic impact; consumer price report
[00:55] – President Trump arrives in China; diplomatic context
[01:21] – Hantavirus cruise outbreak; first-hand account
[02:16] – Wall Street reaction; oil and gas price update
[02:51] – Strait of Hormuz update; impact of Iran conflict
[03:04] – Sentencing in Matthew Perry’s death
[03:48] – NBA deaths: Brandon Clark and Jason Collins

Conclusion

This episode concisely covers the most pressing developments in inflation, international conflict, major health and legal news, and notable deaths, offering viewers an incisive summary of the day's events with direct reporting and informed commentary.

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Transcript16 lines

[00:03]
A
Another spike in inflation. I'm Dave Anthony, FOX News. Driven by the spike up in oil and at the gas pump in the Iran conflict. Fox's Ginny Casola has the numbers.
[00:14]
B
Prices paid at the wholesale level before they reach consumers jumped in April. The producer price index rose 1.4% for the month, up 1% for core PPI, excluding food and energy. For the year ending in April, the PPI rose 6%.
[00:30]
A
That's the most annual wholesale inflation since 2022. Yesterday, we also had a report of consumer prices rising more than expected in the annual inflation rate. Oil prices aren't moving much today as President Trump arrives in China for talks with the Iran conflict hanging overhead. That was the big welcome the president got. Descending Air Force One steps onto a red carpet.
[00:55]
C
He was greeted by the vice president of China and 300 Chinese kids waving the China and US flags.
[01:03]
A
That's Fox's Aisha Hosny in Beijing ahead of the talks tomorrow between the president and China's leader Xi Jinping.
[01:09]
C
He says trade is a top priority for the state visit, not Iran, although Iran will come up. He plans to have a long talk with Xi about it, but he says that he does not need China's help when it comes to Iran.
[01:21]
A
Eighteen Americans remain in quarantine after being taken off the cruise ship hit with a hantavirus outbreak that killed three passengers. Only one of the 18 has tested positive. Stephen Kornfeld, he talked to CNN from the biocontainment unit. He's in in Nebraska saying he's fine now.
[01:35]
D
But a number of us on board came down what felt like a flu, like illness or the ship's flu. I had three days of night sweats, a lot of chills, some mild respiratory and a lot of fatigue.
[01:48]
A
None of the 16 in Nebraska have symptoms. Now, one of the two in Atlanta had mild ones. A woman who got sick on the way home to France is critically ill, breathing through an artificial lung. America's listening to FOX News.
[02:00]
E
Warren chi. It's an energy someone gives off when their appliances and home systems are protected by an American home shield warranty.
[02:07]
F
Don't worry, be warranty for 20% off plans. Visit ahs.com listen see ahs.com contracts for coverage details including limit amounts, fees, limitations and exclusions.
[02:17]
A
Well, that inflation report showing the spike up last month at the wholesale level more than expected at 6% annually is getting a mixed reaction on Wall Street. The Dow Is is down 180 points. The S&P 500 is dropping 7. But the Nasdaq is gaining 1 point. At the moment, the price of oil up slightly. WTI remains about $102 a barrel. Gas is up a penny. AAA's national average for regular $4.51 per gallon. That is 2 cents lower than a week ago as the US military keeps blockading Iran's ports and most oil and other shipping remains mostly halted.
[02:51]
G
As for the Strait of Hormuz, the majority of sea traffic remains stalled while a handful of vessels are getting through. Tanker tracking data shows a Chinese super carrying 2 million barrels of Iraqi crude oil was one of just two ships to pass through the strait today.
[03:04]
A
Fox's Trey Youngston, Tel AVIV it is sentencing day for yet another person convicted in the death of Friends star actor Matthew Perry.
[03:11]
H
Eric Fleming, a licensed drug addiction counselor, delivered the doses of ketamine that killed Matthew Perry two and a half years ago. Fleming had hooked Perry up with a dealer known as the Ketamine Queen, Jasmine Sangha. She was sentenced last month to 15 years in prison. Fleming confessed, gave up Sangha and pleaded guilty to one count of distribution of ketamine resulting in death before arrests were even announced. Sangha's source for the doses, a San Diego doctor who ran a ketamine clinic, was sentenced to eight months home confinement. A Los Angeles doctor accused of providing Perry with off the books injections got two years probation. Perry's personal assistant, who bought and injected Perry with the illegal doses, is being sentenced next month. Chris Foster, FOX News.
[03:48]
A
An NBA player's death is being investigated as a possible overdose. Brandon Clark, who was on the Memphis Grizzlies, found dead in a home in Los Angeles at the age of 29. A former NBA player also being mourned, Jason Collins. He died of brain cancer at age 47. Collins became famous in 2013, the first player in any major sport to come out as gay before his last season in the NBA. I'm Dave Anthony and this is FOX NEWS.