Evening Edition: Positive Expectations For Possible President Trump And XI Meeting

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 28 October 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Markets hit some record highs this week ahead of President Trump’s trade negotiations with Chinese President Xi Jinping in South Korea with expectations it will be a positive meeting. Meanwhile, Amazon is announcing almost 14,000 corporate job layoffs as the company continues its increased spending on artificial intelligence while cutting costs in other places. Amazon's CEO Andy Jassy says he is confident that generative AI would reduce Amazon’s corporate workforce in the next few years, and now it looks like it has begun. FOX's John Saucier speaks with Dr. Peter C. Earle, Director of Economics at The American Institute For Economic Research, who breaks down the impact of the government shutdown, tariff negotiations with China, and what is really driving Amazon to layoff thousands. Click Here⁠⁠⁠⁠⁠⁠⁠⁠ To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm Brett Baer.
0:00.8	I'm Rachel Campo Stuffy.
0:02.2	I'm David Asman, and this is the Fox News Rundown.
0:08.3	Tuesday, October 28, 2025.
0:11.4	I'm John Sassier.
0:13.0	President Trump has spent the last couple of days in Tokyo,
0:15.8	meeting with business leaders,
0:17.0	along with the new Japanese prime minister,
0:18.5	and working out trade deals.
0:20.6	He's next on to South Korea for an even bigger meeting, sitting down with Chinese President
0:24.5	Xi Jinping, and these two have a lot to discuss.
0:27.6	One is, of course, issues surrounding things like semiconductors and all that, and another
0:32.9	is strategic commodities, of course, that means rare earth metals.
0:36.0	And so, you know, we're not to
0:37.7	see until this translates either to real tariff remedies or merely, you know, pauses a longer-term
0:43.2	decoupling. This is the Fox News Rundown, evening edition.
0:51.0	The federal government has been shut down for the last 28 days now, and during that time, the stock
0:56.6	market has been on a tear, finishing at record highs once again today. If the market is still
1:01.7	doing well despite the shutdown, why would either side of this impasse between Republicans and Democrats
1:06.5	bend at this point? Traditionally, the impact of shutdowns has been a little more theatrical than economic.
1:12.6	Our guest today is Dr. Peter Earl.
1:14.6	He's Director of Economics at the American Institute for Economic Research.
	...

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