12PM ET 07/30/2026 Newscast
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How is slower Q2 GDP growth explained and what does it mean for consumers?
The U.S. economy taps the brakes on Lisa Brady. Fox News, growth expanding at 1.5% in the second quarter, down from more than 2% at the start of the year. But the Trump administration says there are signs the president's policies are working.
Slower GDP growth is attributed to an increase in imports, though U.S. consumer spending remained high, up to nearly 4% for the year.
Why is the White House linking import increases to future economic growth?
A White House spokesman attributes the import increase to a record number of capital goods shipped into the country, machinery and equipment, he says, that will fuel future growth.
Fox is Jared Halpern at the White House. The president's approval rating on the economy falling to 33 percent in a recent Fox News poll as Democrats hammer affordability ahead of the midterms.
Everybody out there who says they'd like to be paying less on their credit cards, they'd like to have a chance to be able to get a lower-cost mortgage, the answer to that is your problem is exactly one human being, and that's Donald Trump.
Massachusetts Senator Elizabeth Warren topped Senate Democrat Chuck Schumer just proposing a federal anti-corruption bureau to investigate allegations of profiting from the presidency, which the White House has denied. The president just floating the idea of temporarily withdrawing the nomination of acting Attorney General Todd Blanch until after holdout Republican senators John Cornyn and Tom Tillis are out of office.
What are the political reactions to the economy and presidential approval ratings?
Both already lost primaries and want concessions before supporting Blanch, a Senate panel delaying its vote on the nomination yesterday. President Trump reportedly considering a go-big plan against Iran for firing at U.S. forces.
A senior administration official told the Wall Street Journal that the president is in an escalatory mood, but he is still weighing the depth of his response, indicating that the retaliatory strikes on Iranian targets last night, command centers, missile facilities, and defense sites may just be the beginning.
Fox's Jackie Heinrich at the White House. America is listening to Fox News.
What new developments are reported on U.S.-Iran tensions and potential responses?
Cheers to America's 250th 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 31st, 2026. Must be 21 or older to order. Please drink responsibly.
Which major national and international headlines follow: crime, a missing child search, UEFA boycott, and market rebounds?
A Connecticut stepmother charged in a kidnapping case rejects a plea deal.
Attorneys for Kimberly Sullivan say she has declined Connecticut's offer to plead guilty to charges including first degree kidnapping in exchange for a 30 year sentence that would be suspended after 10 years. Sullivan is accused of holding her stepson captive in an 8 by 9 foot room for two decades. In February 2025, she called 911 to report a fire, telling firefighters her stepson was inside the home. They rescued the man, who was in his early 30s, with first responders saying he was emaciated and weighed just 68 pounds. He told them a lock was always kept on his room's door and that he started the fire to gain his freedom. Sullivan has pleaded not guilty to the charges and is due in court again in September.
Tanya J. Powers, Fox News.
In New Jersey, boats and divers searching for a 10-year-old girl missing in a river after her 10-year-old brother died, possibly saving her from drowning.
A brother, sister, and friend were at a park in Passaic, New Jersey, about 10 to 12 miles each from Newark and New York City, in the Passaic River, which was higher than usual because of heavy rain. It's not clear why the kids were in the water and couldn't get out. Mayor Hector Loras is the boy, as he was going under, pushed his 11-year-old sister, who got onto some rocks and climbed up. He says first responders got calls about what was happening, and before they arrived, a man in the park tried to save the kids, but got too deep and caught up in the current and couldn't reach them.
Fox's Chris Foster. It's the friend who remains missing. The European soccer body, UEFA, plans to boycott all FIFA competitions in protest over a plan by FIFA's president to sell stakes in the World Cup to private equity investors.
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Chapters
5 chapters
1
How is slower Q2 GDP growth explained and what does it mean for consumers?
0:02–0:24
2
Why is the White House linking import increases to future economic growth?
0:24–1:22
3
What are the political reactions to the economy and presidential approval ratings?
1:22–1:59
4
What new developments are reported on U.S.-Iran tensions and potential responses?
1:59–2:15
5
Which major national and international headlines follow: crime, a missing child search, UEFA boycott, and market rebounds?
2:15–4:12