The country's intel chief is stepping down next month.

Summary

---

Fox News Hourly Update – May 22, 2026

Main Theme:
A rapid-fire rundown of top U.S. and global news stories, including the resignation of the Director of National Intelligence, developments at the Federal Reserve, international diplomacy on Iran and NATO, a high-profile court ruling, and the sudden death of NASCAR champion Kyle Busch.

---

Key Discussion Points & Insights

1. DNI Tulsi Gabbard’s Resignation

• [00:03-00:51]
  • Announcement: Director of National Intelligence Tulsi Gabbard will step down June 30, citing her husband’s diagnosis with a rare bone cancer.
  • Record:
    • Gabbard earned recognition for declassifying millions of pages related to the JFK and Robert Kennedy assassinations.
    • She released files claiming to show "Obama administration officials politicized intelligence about Russian election interference.”
    • Background as 2020 Democratic presidential candidate and former Congress member.
  • Notable Quote:
    • "Her tenure as DNI has been marked by declassifying millions of pages of government files on the assassinations of President Kennedy and his brief brother, former Attorney General Robert Kennedy." (Jared Halpern, 00:22)
    • “She also released files she says shows Obama administration officials politicized intelligence about Russian election interference.” (Jared Halpern, 00:33)

2. Federal Reserve Leadership Change

• [00:51-01:26]
  • Kevin Marsh sworn in as 17th Fed Chair.
  • Policy Stance:
    • Fed Governor Christopher Waller: “It would be, quote, crazy for the Fed to contemplate cuts in the near future.” (Connor Hanson, 01:05)
    • Ongoing inflation above 2% may require more policy "firming."
    • Warsh’s term begins amid economic uncertainty due to the conflict in Iran.

3. President Trump Campaigns in New York

• [01:26-01:51]
  • Holding an event in Suffern, NY, alongside Rep. Mike Lawlor, ahead of key midterms.
  • Focus on restoring economic prosperity in NY.
  • Notable Quote:
    • "Under the Trump administration, we're doing everything we can to bring New York back in bigger, better, stronger than ever before." (President Trump, 01:36)

4. NATO Meeting & Iran Crisis

• [01:51-02:51]
  • Secretary of State Marco Rubio meets all NATO foreign ministers in Malmo, Sweden.
  • Primary focus: Reopening Strait of Hormuz amidst tension from the war in Iran.
  • Pakistan credited as key intermediary in U.S.–Iran talks.
  • Debate over U.S. troop redeployment—5,000 to Poland from Germany.
  • Notable Quote:
    • “The alliance we all know facing intense strain over the war in Iran. One thing though everybody here seemed to really agree on is the need to get the Strait of Hormuz back open again.” (Julian Turner, 02:18)
    • “Rubio crediting the Pakistanis with being the go between in U. S. Iran talks since they started.” (Julian Turner, 02:26)

5. Ongoing Tensions with Iran

• [02:51-02:58]
  • Despite diplomatic efforts, Iran’s foreign minister notes “major differences remain between the two sides that remain unresolved.”

6. High-Profile Human Smuggling Case Dismissed

• [02:58-03:37]
  • Judge drops charges against Kilmar Abrego Garcia after ruling the prosecution was vindictive and politically motivated.
  • Garcia’s mistaken deportation made him a focal point in the debate over mass deportation policy.

7. Death of NASCAR’s Kyle Busch

• [03:37-03:57]
  • 911 call revealed: Reports of shortness of breath, heat, and coughing up blood while Busch was using a race simulator.
  • The 41-year-old was transported to the hospital, where he died.
  • Notable Moment:
    • “I've got an individual that's shortness of breath, very hot, thinks he's going to pass out and is producing a little bit of blood. Toughen up some blood.” (911 call, 03:42)

---

Notable Quotes & Memorable Moments

• Jared Halpern ([00:22]):
  “Her tenure as DNI has been marked by declassifying millions of pages of government files on the assassinations of President Kennedy and his brief brother, former Attorney General Robert Kennedy.”

• Connor Hanson ([01:05]):
  “It would be, quote, crazy for the Fed to contemplate cuts in the near future.”

• President Trump ([01:36]):
  “Under the Trump administration, we're doing everything we can to bring New York back in bigger, better, stronger than ever before.”

• Julian Turner ([02:18]):
  “The alliance we all know facing intense strain over the war in Iran. One thing though everybody here seemed to really agree on is the need to get the Strait of Hormuz back open again.”

• 911 Call ([03:42]):
  “I've got an individual that's shortness of breath, very hot, thinks he's going to pass out and is producing a little bit of blood. Toughen up some blood.”

---

Timeline of Segments

• 00:03: Tulsi Gabbard resignation news
• 00:51: Kevin Marsh sworn in as Fed Chair & outlook on rates
• 01:26: President Trump campaigns in NY
• 01:51: NATO meets over Iran, U.S. troop movements
• 02:51: Iran peace talks at impasse
• 02:58: Judge dismisses human smuggling case
• 03:37: 911 call and death of NASCAR’s Kyle Busch

---

Summary:
This Fox News Hourly Update covers high-impact headlines in national intelligence, monetary policy, U.S. politics, international affairs, judicial decisions, and sports. Highlights include Tulsi Gabbard’s imminent departure as the nation’s intelligence chief, warnings against hasty Fed rate cuts, U.S. diplomatic efforts amid Middle Eastern crisis points, a legal case with political implications, and the loss of a major sports figure. The episode provides brief but pointed updates with direct quotes, maintaining an urgent and matter-of-fact tone.

Transcript

[A]

Gabbard will soon be gone. I'm Tom Ragatti, Fox News. The country's intel chief is stepping down next month. Fox's Jared Halpern reports.

[B]

The director of national Intelligence, Tulsi Gabbard is resigning, she says, to be with her husband, who was diagnosed with an extremely rare form of bone cancer. Gabbard says her last day is expected to be June 30. Her tenure as DNI has been marked by declassifying millions of pages of government files on the assassinations of President Kennedy and his brief brother, former Attorney General Robert Kennedy. She also released files she says shows Obama administration officials politicized intelligence about Russian election interference. A former member of Congress, Gabbard ran for president as a Democrat in 2020. At the White House, Jared Halpern, FOX News.

[A]

Kevin Marsh has been sworn in as the 17th chair of the Federal Reserve. Fox Business Network's Connor Hanson reports. At least one Fed governor does not think cutting interest rates is the best way to go.

[C]

Federal Reserve Governor Christopher Waller made shortly before that ceremony, saying it would be, quote, crazy for the Fed to contemplate cuts in the near future. Central Bakers say some policy firming might be appropriate if inflation persistently stays above that 2% target rate. Warsh begins his first term as the conflict in Iran puts upward pressure on prices.

[A]

President Trump campaigning north of New York City today in Suffern, New York. Speaking in a battleground House district, Trump touting his administration's efforts of bringing prosperity back to New York state, which he says has declined under previous administrations. Under the Trump administration, we're doing everything we can to bring New York back in bigger, better, stronger than ever before. President Trump joining New York Congressman Mike Lawlor ahead of one of the state's key midterm elections in the 17th district. America's listening to Fox News. Secretary of State Marco Rubio meets with foreign ministers from all 30 NATO countries. They discuss threats involving topics such as the reopening of the Strait of Hormuz. Fox's Julian Turner from Malmo, Sweden, discusses what other things that came up during the meeting.

[D]

This comes at an incredibly sensitive moment. The alliance we all know facing intense strain over the war in Iran. One thing though everybody here seemed to really agree on is the need to get the Strait of Hormuz back open again. As Rubio met with NATO, Pakistani leadership arrived in Tehran. Rubio crediting the Pakistanis with being the go between in U. S. Iran talks since they started. Another big topic on the agenda, President Trump's decision to forward deploy 5,000 U.S. troops to Poland, this after pulling that same number back from Germany just a short time ago.

[A]

Despite President Trump and Rubio discussing progress in getting a peace deal done, Iran's foreign minister says there's still major differences between the two sides that remain unresolved. A human smuggling case against illegal immigrant Kilmar Abrego Garcia tossed by a judge today. Abrego Garcia's lawyers claimed that both the timing of the criminal charges and inflammatory statements about him by top Trump officials demonstrated that the prosecution was vindictive. The judge called it selective or vindictive prosecution, saying the administration would not have brought the case if Abrego Garcia had not been returned. Following his mistaken deportation to El Salvador, he became a lightning rod in the debate over mass deportation. Officials in North Carolina released the 911 call made before NASCAR champion Kyle Busch died yesterday.

[E]

I've got an individual that's shortness of breath, very hot, thinks he's going to pass out and is producing a little bit of blood. Toughen up some blood.

[A]

The 41 year old was reportedly using a race simulator when he collapsed and was rushed to a hospital. I'm Tom Brigatti.

[F]

This this podcast is brought to you by Carvana. Selling your car should feel like one less thing on your list. Not one more. With Carvana it is just go to Carvana.com Enter your license plate or VIN and get a real offer. Down to the penny. No back and forth. No surprises. Just an experience you can trust. Like your offer. Accept it, scratch schedule, pickup and we'll come to you with a check in hand. Your car, your timeline, your terms. Visit Carvana.com to sell your car today. Delivery fees and terms may apply.