President Trump says the U.S. made a great settlement with Iran.

Summary

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Fox News Hourly Update – June 11, 2026

Episode Theme
This episode offers a fast-paced summary of the day’s major national and global news, focusing on the U.S. settlement with Iran, significant political appointments by President Trump, major developments in business, and notable legal and sports updates.

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Key Discussion Points & Insights

1. U.S.-Iran Settlement Announced by President Trump

• Announcement of a Settlement:
  President Trump revealed to reporters that the U.S. has reached a significant settlement with Iran, pending final paperwork:

  "Subject to finalization of documents. We should get done over the next few days. Probably have a signing maybe in Europe." — President Donald Trump [00:10]

• Cease in Strikes & Ongoing Blockade:
  The settlement follows Trump’s decision to call off further U.S. strikes on Iran after discussions at the “highest level of Iranian leadership.” Despite this, the U.S. naval blockade remains active until the settlement is finalized.

• International Coordination:
  Trump highlighted outreach to various Middle Eastern heads of state as part of the diplomatic process:

  "I just spoke to Bibi, I spoke to the head of great heads of nations, Qatar, UAE, Saudi Arabia, Bahrain, Kuwait and others. And we're going to be talking to Turkey." — President Donald Trump [00:33]

• Market Reactions:
  The news spurred a significant rally on Wall Street, with the Dow finishing up 929 points [00:48].

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2. Political Appointments and Fallout

• New Direction in Intelligence Leadership:
  Trump announced federal prosecutor Jay Clayton as his pick for Director of National Intelligence, replacing Tulsi Gabbard. Clayton’s background includes service as U.S. Attorney for the Southern District of New York and as former SEC chair [01:21].

• Controversy Over Acting Director:
  Questions remain about whether housing official Bill Pulte will continue as Acting DNI, a move facing bipartisan criticism that contributed to the failure of a House bill to extend a surveillance tool set to expire [01:31].

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3. Legal and Crime Developments

• Minnesota Lawmaker Attack Case:
  Vance Belter pleaded guilty in federal court to deadly attacks on state lawmakers, which included killing Minnesota’s top House Democrat and her husband and wounding two others.

  "The Department of Justice will seek and obtain the longest prison terms available for your crimes." — U.S. Attorney Daniel Rosen [02:42]

• Belter faces a life sentence after prosecutors removed the death penalty as an option [02:49].

• Former NFL Player Henry Ruggs Denied Parole:
  Ruggs, serving three to ten years for a DUI resulting in a fatal crash, was denied parole. He will have another review before his mandatory release next August [02:49].

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4. Business & Economic Updates

• SpaceX IPO:
  SpaceX is poised for a record-setting public offering, with estimates suggesting it could create up to 4,000 new millionaires among employees, including non-executive staff:

  "By some estimates, the company's IPO will create 4,000 new millionaires among employees, from engineers to cafeteria workers..." — Fox News Correspondent [03:30]

  • The IPO price is set at $135 per share, valuing SpaceX at over $1.7 trillion [04:00].
  • Notably, the UNC system holds about 10% of its endowment in SpaceX, with other schools like Washington University in St. Louis and Stanford also investors [03:46].
  • Some analysts suggest new investors may find better prices post-IPO [04:00].
  • The episode recaps robust stock gains, with all major indexes erasing previous losses [04:00].

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5. Sports Update

• Soccer World Cup:
  The 48-team tournament kicked off, with co-host Mexico playing South Africa in Mexico City [01:31].

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Notable Quotes

• “Subject to finalization of documents. We should get done over the next few days. Probably have a signing maybe in Europe.”
  — President Trump, on U.S.-Iran settlement [00:10]

• “I just spoke to Bibi, I spoke to the head of great heads of nations, Qatar, UAE, Saudi Arabia, Bahrain, Kuwait and others…”
  — President Trump, on diplomatic outreach [00:33]

• “The Department of Justice will seek and obtain the longest prison terms available for your crimes.”
  — U.S. Attorney Daniel Rosen, on the Minnesota attack plea deal [02:42]

• “By some estimates, the company's IPO will create 4,000 new millionaires among employees, from engineers to cafeteria workers…”
  — Fox News Correspondent, on SpaceX IPO [03:30]

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Timestamps of Key Segments

• U.S.-Iran Settlement & Diplomatic Outreach: [00:02–00:48]
• Intelligence Leadership News: [01:21–01:31]
• Legislative Backlash/Surveillance Tool: [01:31–02:01]
• Minnesota Lawmaker Attack Legal Update: [02:29–02:49]
• NFL Player Henry Ruggs Parole Hearing: [02:49–03:03]
• SpaceX IPO & College Endowments: [03:30–04:00]
• Stock Market Recap: [04:00–04:26]
• Soccer World Cup Kickoff: [01:31]

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Memorable Moments

• President Trump’s suggestion of an imminent, high-profile signing with Iran, possibly in Europe, and active coordination with regional leaders.
• SpaceX’s IPO described as an unprecedented wealth-creation event for rank-and-file employees and educational institutions.
• The sobering update on high-profile crime cases and their legal resolutions.

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This episode delivers a brisk, information-rich news wrap-up, spotlighting significant global negotiations, major business developments, and important national stories—all in Fox News’ signature fast-paced, authoritative style.

Transcript

[Fox News Anchor]

This is a FOX News alert. A settlement with Iran on Lisa Brady. That's how President Trump describes it. Just telling reporters we're going to be

[President Donald Trump]

subject to finalization of documents. We should get done over the next few days. Probably have a signing maybe in Europe.

[Fox News Anchor]

This follows an earlier post that he was calling off a third night of strikes and bombings on Iran based on discussions brought to the highest level of Iranian leadership and approved by all parties involved, he wrote. And he's been talking to leaders in the region, including Israel's prime minister.

[President Donald Trump]

I just spoke to Bibi, I spoke to the head of great heads of nations, Qatar, uae, Saudi Arabia, Bahrain, Kuwait and others. And we're going to be talking to Turkey.

[Fox News Anchor]

The president says a naval blockade will remain in full force until the transaction is finalized. The US had hit Iran for the past two nights. Iran remains responding with attacks on Gulf allies. Word of a possible agreement coming just hours after the president threatened to seize Iran's oil and gas industries. And his announcement has turned a rally into a bigger rally on Wall Street. The Dow up 929 points at the bell. The president also announcing a new pick for director of national intelligence, Federal prosecutor Jay Clayton to replace Tulsi Gabbard. But he will need Senate confirmation.

[Fox News Correspondent]

What this does is set up the nomination for Jay Clayton, the U.S. attorney for the Southern District in New York. He was also the chairman of the sec, the securities and Exchange Commission, during the president's first term.

[Fox News Anchor]

Fox's Mark Meredith the White House. It's not clear though if the president will leave housing official Bill Pulte in place as acting dni. That is drawn bipartisan backlash and today led to the failure of a House bill to temporarily extend a key surveillance tool that expires at midnight tomorrow. Soccer's World cup now officially underway with co host Mexico playing South Africa in Mexico City, opening match of the 48 team tournament. America is listening to Fox News.

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[Fox News Anchor]

The man charged in deadly attacks on state lawmakers in Minnesota, killing the top House Democrat and her husband, shooting and wounding two others, pleads guilty in federal court. U.S. attorney Daniel Rosen's message to Vance Belter.

[Fox News Correspondent]

The Department of Justice will seek and obtain the longest prison terms available for your crimes.

[Fox News Anchor]

Belter will face life in prison under the plea deal after prosecutors took the death penalty off the table he was posing as a police officer with when he went to the lawmakers homes. Former NFL player Henry Ruggs has just been denied parole nearly five years after killing a woman in a Las Vegas car crash. Ruggs, at the time a Raiders wide receiver, pleaded guilty to charges including felony DUI in 2023. Sentenced to three to 10 years in prison, he will have another hearing just three months before a mandatory parole release date next August. SpaceX is set to go public tomorrow with an initial stock offering that's expected to set a record and benefit a w variety of investors.

[Fox News Correspondent]

By some estimates, the company's IPO will create 4,000 new millionaires among employees, from engineers to cafeteria workers because of their employee stock options.

[Fox News Anchor]

Fox Businesses Grady Trimble Meantime, some American colleges and universities could also be big winners.

[Fox News Correspondent]

University of North Carolina System, which serves 17 institutions, has about 10% of its endowment tied up in Space X. That's according to the Wall Street Journal. Washington University in St. Louis and Stanford are also investors.

[Fox News Anchor]

However, some analys suggest new investors might have a chance for a better price later. SpaceX has set its initial price at $135 a share. That would value the company at more than $1.7 trillion. Recapping stocks the Dow up more than 900 points, erasing yesterday's loss. The Nasdaq up 640. The S&P also gaining more than 1%. Lisa Brady, this is Fox News.

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