← Bill O’Reilly’s No Spin News and Analysis
Bill O’Reilly’s No Spin News and Analysis
Did Pete Hegseth Make the Case for Trump's Iran Action? How Rising Oil Prices Are Affecting the Economy With EJ Antoni, & Democrats Fuel Airport Chaos
00:35:50
Loading summary
Transcript40 lines
- [00:00]
A
Foreign. Here. Welcome to the no spin news. Monday, March 9, 2026. Stand up for your country. So I'm walking up to do the program to tape it. We do that in the late afternoon. And I got a poll handed to me. NBC News. Looks like a fair poll. Registered voters, even Democrat, Republican, independent, 16. And it's pretty good news for Donald Trump, pretty surprising. So job approval, he's up one point since October. Okay, prove 44. Disprove 54. So he's actually improved with the Iranian stuff. Wow, this is interesting. Do you have a positive or negative opinion of the following people? Trump, positive 41. Negative 53. 12 point difference. Kamala Harris. Positive 34. Negative 51. 17 point difference. Whoa. Kamala. And Gavin Newsom, who's running for president in 2028. Positive. Only 27%. Negative 45. 18% difference. So Donald Trump's people are waiting to see about this Iranian situation. And that is the subject of this evening's Talking Points Memo. Okay, so the stock market opened today, down 800 points. And you know, it goes up and it goes down, but it's lost more than 2,000 points since February 28, the start of the Iranian conflict. Okay, so if you have stocks, hold on, because they'll come back. But painful oil is the worst. So oil was $72 a barrel at the start of the Iranian conflict. It's now way above 100, about $104. Now, that's a problem because it just spirals into everything. Food costs, travel costs, on and on. I'll get to that in a moment. And then inflation ignites because everybody's paying more money for the products, because oil drives commerce in not only the United States, but the world. So this is the key component now in the Iraq War. The Strait of Hormuz is where the oil tankers. 20% of the world's oil comes through Persian Gulf. They got to go through the Strait of Hormuz, which is fairly closed. So it's easy to attack it with drones, which is what Iran is doing. But they're running out of drones. I understand. And some ships are getting through. So 16 million barrels of oil a day has been held up worldwide. And that just means everybody is going to suffer. The whole world. I do believe that will unclog itself because, as I said, the Iranian munitions, your ability to attack, is declining rapidly. Secretary of War Pete Hegseth went on 60 Minutes last night. Now, some of you will remember I was not a supporter of him being appointed to that position, Secretary of War, because he's too young. And I was at Harvard talking to the students at the Kennedy School on Thursday. And Mr. Hegseth has a Harvard Kennedy School degree he got in 2013, public policy. My master's degree is public administration, but it's pretty much the same thing. Hexman is a smart guy, all right, but he's a little bit too undisciplined, in my opinion. But here in the Iran situation, he's. He did pretty well, I thought. And you want to be fair about it, he didn't make any major gaffes, came across a little cocky. And that doesn't do anybody any good. I think that's his nature. I mean, I do that, but I wouldn't do it if I were talking about war. I think you got to be very circumspect. Now, Hegseth addressed two questions by Major Garrett. You may remember that name. Major Garrett used to work at Fox News. Excellent correspondent. CBS is working him into the big interviews because he's not an ideologue, he's not a liberal, he's neutral. I don't know what Major is, and I've known him for 30 years. I don't know what he is, but he conducted a very good interview. All right, here's the first part of it. Go.
- [05:15]
B
This is war. This is conflict. This is bringing your enemy to their knees. Now, whether they will have a ceremony in Tehran Square and surrender, that's up to them.
- [05:27]
A
Okay, so that's the mission, to break Iran. Now, when you use the words regime change, okay? I mean, the United States and Israel and a few others, not that many, want a different mentality running the country. So they want to be able to inspect all the nuke sites. So because they can't develop nuclear weapons and get rid of all the ballistic missiles that are aimed at Jerusalem and Tel Aviv, that's what they want. And that has to happen. They will not stop until that happens. Now, there's a variety of ways to get there. You can sign a treaty, you could have new people, Persian people. Himself could rise up. There's a lot of KUDs. But it's going to be a different country, okay? Sooner or later, and let's hope it's sooner. The second thing is about, and this is what the left wing media is obsessed with US Casualties.
- [06:33]
B
Go, there will be more casualties. And no one is, I mean, especially our generation knows what it's like to see Americans come home in caskets. But that doesn't weaken us one bit. It stiffens our spine. And our resolve to say this is a fight we will finish, okay?
- [06:52]
A
I don't have any problem with that. I would have a problem if infantry were put into Iran. That would not be good based on what happened in Iraq. So we can't do that. Afghanistan was a different situation. But there are enough militants in Iran, Revolutionary Guard types, that it's just impossible to protect Western troops. So you break them in a variety of ways, the Iranian government. But I can't imagine President Trump putting infantry in there. And I'm not going to use the word boots on the ground, because that's a stupid cliche. These people are boots on the ground. Okay? We're not going to have mechanized units roll in. I'll give you an interesting aside. Last week, we edited out my analysis of the Kurds, which was reported that they were going to go in and fight on the ground. Now, the Kurds are a group of people, some of whom have descendants in Iran. Some are Turkish, some are Iraqi. It's across the board. Now, I did not believe the report. Because of resupply, you can't supply them. And I had that in my talking points to tell you. And then this report comes. Well, the Kurds are already in there, so I didn't want to mislead anybody, so I pulled it. But it turns out I was right. And when I pulled it, I went to the producer. I went. And I don't know about this. It does not seem right to me. Just be skeptical of what you hear. Do not believe all of this stuff. Okay, now back to the USA and how it is responding to Iran. So the Senate minority leader, Senator Charles Schumer, says we should open the oil reserves. And I had that exact thought, which frightens me, because I don't want to be on the same wavelength. Schumer, who I don't respect, but that should happen. So let's put the oil reserves into the marketplace to keep a lid on the rising costs of gasoline. Okay? Now, we did some research. The Biden administration gutted the oil reserves, you remember that? To try to get inflation down. They threw everything out. They didn't have anything left. Trump has tried to replace it, but he started only in last fall and signed a bunch of contracts to replace it, the oil. So I don't know how much oil left in the reserves with. The Trump administration is trying to replace the stuff that the Biden people put on out there. Just so you know. All right, finally, President is trying to do the right thing here. This is important. The right thing is to confront Iran, because Iran is a terrorist state that wants to develop a nuclear weapon. That's reality. Everybody knows that. The Iranians say that we have a right to develop our nuclear weapon. Okay? So the right thing to do is to prevent them from doing that. Nobody knows the time frame. Nobody knows what secret labs they might have or anything like that. So Trump is trying to do the right thing for the world. Not just for the United States, for the world. But sometimes the right thing is the hardest thing to do right in your life. When my urchins come to me with a problem and it's a difficult problem, I said, well, what do you think the right thing is to do? And they'll come up with an answer. But it's always painful to do the right thing. Always.
- [11:08]
C
Finding a hoodie that lasts through the season can be tough. The American Giant Classic Full Zip hoodie is made to last a lifet lifetime. So you can count on it year after year. The iconic Classic Full Zip hoodie is the jacket that started it all for American Giant. Custom heavyweight fleece and side panels for mobility make it the best hoodie ever. Every American Giant piece is made in America and designed to last, no exceptions. The result is durable clothing like the premium slub crew tee, no bs, high rise pant and slim roughneck pant that become part of your life. Snag the hoodie that will bring you comfort for life. The American giant classic full zip. Save 20% off your first order at american-giant.com when you use code STAPLE20 at checkout.
- [11:53]
D
You know that wellness goal you set at the start of the year. It's not too late to stick with it and make your future self proud. Especially with the all in One Nutrition Shake from Cachava with 25 grams of protein, 6 grams of fiber, greens, adaptogens and more. No fillers, no nonsense, just the highest quality ingredients. Stick with your wellness goals. Go to kachava.com and use code NEWS for 15 off. That's K-A-H-A-V-A.com code NEWS.
- [12:24]
A
You know, in theory it was the correct thing to try to provide a measure of freedom to the South Vietnamese. It was to protect them from totalitarianism. But it could not happen because of a variety of problems. But we did the right thing. And it worked in Korea, but it didn't work in Vietnam. So sometimes the right thing can't be done. The right thing is to remove Putin. He's a menace to the world. He's a murderer, he's a psychopath, but he's got nukes and he could use them. But the people who are attacking President Trump for doing the wrong thing are lying to you, not the wrong thing. And that's the memo in California. I feel sorry for you guys. So the national average of gasoline in California, the Golden State, the biggest state in the country, is $5.20 national average, even after all the carnage in Iran, $3.48. Now, there's a study from the University of Southern California's Marshall School of Business, which is a good school of business, says by the end of this year, U California is going to pay $8 a gallon for gas. Why? Because of Cap and Invest, which is a state law requiring oil companies to go through amazing amount of hoops to market their product because it's a polluter. So the Marshall School says get ready in California for $8 a gallon. So you know. Joining us now from Arlington, Virginia is E.J. antoni, who's a senior fellow at Unleash Prosperity. That's Stephen Moore's economic and he's also a chief economist for the Heritage Foundation. All right, so United States Americans are going to experience economic pain, correct?
- [14:47]
E
Yeah, absolutely, Bill, and thank you so much for having me. Look, the unfortunate reality here is that energy affects everything we do and everything we buy. This is part of the reason why inflation was so painful under the Biden years. It was because of their war on reliable American energy. And one of the big problems we're facing now, Bill, is that although we are using less oil in a lot of our day to day use, for example, millions of Americans now have electric vehicles, so they're not spending anything on gasoline. The problem is that as time has gone on, we spend much more on energy for non energy uses. I can give you one example. American farmers buy most of their synthetic fertilizer from Europe. And that fertilizer, the primary ingredient is urea. It's derived from natural gas. So they take natural gas in a lab, they chemically alter it and that's how you get that. Again, the main ingredient for synthetic fertilizer. Well, what's going on right now with natural gas prices in Europe, they've basically doubled. That is going to impose a dramatically higher input cost on American farmers, even though domestic prices for energy have not actually moved that much since the start of this, this war in Iran.
- [16:03]
A
Yeah, again, those linkage all over the place helps Putin because Putin's got oil to sell and there's a lot of embargo on that. So. But believe me, they'll break the embargo. The countries will if they're desperate for oil, food prices are the ones that Americans are complaining about the most. We can expect those food prices to rise. The question is how much.
- [16:29]
E
Right, exactly. Bill, you're spot on. And I'm so glad you brought up Putin, because unfortunately, this is one of the saddest things about this whole conflict right now. Putin really is the big winner because he, in a lot of ways, is the marginal producer and he's one of those. Russia is one of those nations where higher energy prices right now help not hurt because they are such a large net exporter. So these higher prices, unfortunately, in the short term are, are literally funding his war machine against the Ukraine. And sadly, even though so many countries in Europe are giving aid to Ukraine, they are giving more to Russia in the form of those energy purchases, and they need them.
- [17:13]
A
Now, the United States has an advantage because we are control of Venezuelan oil content. All right. And we have a robust domestic production because that's what President Trump did when he first got in, pull the regulations off. Do we have enough oil here to keep prices under control?
- [17:37]
E
Bill, the problem is that combination. Do we have enough oil? Yes, but at what price, in other words? Because, look, we have rolled back a lot of Biden era regulations. That's true, but there's a long way to go. In other words, there is still such a high regulatory cost in this country that there's a lot of oil production that simply isn't profitable at 60, 80, or even $100 a barrel. But crank it up to 120, 130, and all of a sudden all of these wells become profitable. So, yes, we have enough oil, but the question is at what price? The other thing, and I'm so glad you brought up Venezuela, we do have that. One of the problems with sources like Venezuela, though, although it is a very large supply of oil, and it's also the quality of oil here, taking Iranian crude off the market is a big problem because of the high quality. Oftentimes refiners will actually buy light, sweet crude so that they can blend it with heavy sour crude to make it easier to process. So by taking the most valuable crude off the market, it hurts more than taking two or three times as much of the less valuable crude off the market.
- [18:47]
A
Now, the Trump people say that when the conflict ends with Iran, that the prices will all come back down to where they were before the war. Do you believe that?
- [19:00]
E
I believed it on Friday, before the weekend. The reason that all changed on the weekend is because all of a sudden we saw these strikes against Iranian oil infrastructure. And then Iran returned the favor and started striking other oil infrastructure in the area. So now it's not just a matter of turning the pumps on and off, which is a multi week process. To be clear, you don't turn on and off oil infrastructure like you do a light switch. It takes weeks or months. But now you're talking in some cases years because you have to literally rebuild what was just blown up over the weekend. So unfortunately, again, after the developments of this weekend, I'm not nearly as confident we'll be able to return Mideast oil production to where it was before the conflict.
- [19:45]
A
But can't Saudi Arabia and the other Arab states fill the gap that Iran has because they are not going to be able to produce as much oil. I think OPEC could fill that gap.
- [20:01]
E
No, to a certain extent, Bill, Absolutely. Yes. There is a lot of excess production capacity right now and so you could fill the bulk of that missing. Of that missing production. Absolutely. That's a very, very good point. The question just becomes how extensive is the damage going to be before Iran cries uncle here? Look, we're, you know, we're basically, if you want to think of it In World War II terms, we're already in 1945. It is very clear the Allies are going to win, not the Axis. The question then becomes can the Axis inflict enough damage that the Allies give up beforehand? And that was really the mentality and that Japan had.
- [20:41]
A
Sure. That's the weapon they have now is the economy. Final question. The President is supposed to meet with Xi and China and Beijing in April and China is dependent on Iranian oil and they'll buy from Putin and they'll make that up. But I expect an oil deal where our country sends oil to China. I think that's going to be part of any equation that that happens over in Beijing.
- [21:14]
E
Yeah, Bill, it's a great, great point. And it would certainly be very, very advantageous for the United States if we could start being that marginal producer instead of bad actors like Iran or like Russia. If the United States. And again, this is going to require rolling back more of those regulations if the United States could be that marginal producer and. And now we have China over a barrel as opposed to what was the situation just a few weeks ago where China is buying so much from Iran and buying it under the table at a discount that it really, really benefits the ccp.
- [21:48]
A
But China has not said a word. So I know there's stuff in play there that we don't know about. Mr. Antoni, thanks very much. Very good interview, and I hope you'll come back. Thanks again. All right. Cuba didn't have any oil and they had a big blackout on March 4 last Wednesday. And they can't even. You can't fly there because they can't refuel the jets. That's how bad it is in Cuba. I expect Cuba to make a deal with the USA brokered by Secretary of State Rubio, who's Cuban and has a motion invested in this, whereby the government there in Havana basically gives up, says, okay, we won't be communists anymore and then we'll rebuild and it'll be in a kind of like alliance. But like in Venezuela, Havana will do what Washington tells them to do. I expect that to happen fairly soon.
- [22:47]
D
The New York Post has been delivering impactful headlines for over two centuries. And every weekday morning, I'll bring them straight to you. I'm Caitlin Becker, host of the New York Post. Cast from Washington to Wall Street. If it matters to you, you'll hear it here. And it wouldn't be the Post without the stories other outlets like to ignore. So ask your smart speaker to play the NY Postcast, listen and subscribe on Apple Podcasts, Spotify, or wherever you get your podcasts.
- [23:12]
F
Did you know you can save up to 70% on the best brands just by shopping at from rebel.com we're talking about strollers, car seats, high chairs, espresso machines, cookware, everything you need for way less. Here's how it works. Every single day, REBBL drops thousands of new products on the site for up to 70% off. It is a constant stream of endless deals from top brands like UPPAbaby, Nuna, Baby Bjorn, Breville, Nespresso, KitchenAid, Le Creuset, and more. But you have to act fast because every deal is one of a kind. So if you see something you love, make sure you add to cart fast. So stop paying full price when you don't have to. Whether it's baby gear, kitchen upgrades, or a treasure for your home you didn't know you needed, Rebel has it for way less. Up to 70% less. Shop from rebel.com and save big.
- [24:08]
A
Okay, hope I'm right. But all right, now here we have chaos at the airports because of the TSA not being funded. So in Houston, they say three and a half hours. New Orleans, three hours. You have to wait to get through security because 50,000 TSA screeners are not getting paid. That has created chaos. Now, all of this because the Democratic Party wants in writing changes to the Department of Homeland Security and ice, and they're not going to vote to fund Department of Homeland Security until they get concessions on that front. And President Trump says no. Well, if you're planning on flying, this is another thing that we're going to have to deal with. The president also says that if Democrats don't pass the Save America act, which is voter id, we would provide documentary proof of US Citizenship. When you register to vote with your state, remember the state's control. Democrats don't want that. I talked to a stalwart Democrat over the weekend. I mean, he's a fanatical Democrat. And it's the same old stuff. People don't have an id. The states will give you an ID free. They'll come and give you the ID old married women with different names. It's always something. All right. Now the polls say the vast majority of Americans want this. 71% support voter ID and 71% encompasses some Democrats. Will they get this done? I think they might get this done and maybe they'll modify a couple of things. But, you know, Democrat Party killing themselves. And that was my column yesterday, if you didn't read it, on BillORilly.com, president Trump's biggest enabler. The people helping him the most aren't maga, the Democratic Party. That's who's helping the president. So I hope you read the column on bill o'reilly.com okay. Announcement Thursday, March 26 News Nation Bill O'Reilly Special the collapse of San Francisco. It's good. Now, over the weekend, the mayor of San Francisco, a guy named Daniel Laurie, who wouldn't talk to me, I talked to Willie Brown, the former mayor, for the special. But Daniel ran, ran away. I want to talk about the collapse of the city. So he's driving with his security detail and three thugs go out in the street block his car. Security detail gets out and there's a brawl and two cops are hurt and the mayor just stands there and watches it. Okay. So you imagine this crime in San Francisco is so far out of control, they attack the mayor's litzy and get abroad with cops. Here's what Laurie said. Go.
- [27:50]
G
I saw two individuals in the middle of a street, not on the sidewalk, but literally in the middle of a street. And I was worried about them and I was worried about, you know, safety of pedestrians and cars coming. So I stopped. We asked them to get up and and then the incident began. I obviously that incident unfolded. I'm just really happy that the members of my detail are okay.
- [28:15]
A
Yeah, I had to go to the hospital. At least one of them did. So the two suspects were arrested. Abraham Simon, nobody knows anything about him. And a guy named Tony Phillips, who was previously arrested for homicide. He stabbed somebody to death, allegedly. And they dropped the charges on him. Oh, my God. And then he has other arrests. This guy Phillips, they're all involved with the drug trade so far out of control in that town. So. Thursday this month, 26th of March, 9pm News Nation. The collapse of San Francisco. I was right in the middle of it. All right, the House Oversight Committee, as you know, we covered it last week, interviewed Minnesota Governor Tim Walsh and the Attorney General of that state, Keith Ellison, and they say that both knew about fraud and did nothing about it for six years. So the governor and the attorney general knew 300 million in federal aid was being ripped off and didn't do anything about it. That's what the House Oversight Committee says. Oversight Committee has not. Doesn't have any kind of arrest powers or indictment powers. Now, will they turn it over to the FBI? I hope so. But I get letters. Oh, nothing ever happens. Nothing ever happened to you. Only thing that happens is that it's exposed. Okay, but I don't expect Walls and Ellison to be arrested. But do I believe they knew about it? Yeah. All right, big announcement after this message. Okay, final thought. I told you a few weeks ago, we're going to be doing some different things here on the no Spin News, and one of them is a new podcast. Now, I hate the word podcast because everywhere I go, oh, we love your podcast. I don't do a podcast now I'm gonna do one. I do a broadcast. This isn't a podcast. Podcast is guys in sweatshirts sitting around smoking pot. Or, you know, that that's what it's somebody garage. So we're gonna do this differently, this podcasting. It's going to be every Thursday. It's going to have three days of hard news. Monday, Tuesday, Wednesday, and then a longer form on Thursday that's relevant to the news. Okay, so first one is this coming Thursday, Rob Schneider. He's a big Trump guy, SNL alum. You've seen him with Adam Sandler in the movies. And he. He lets it fly about how he's been hurt in the entertainment industry and why Jimmy Kimmel's the way he is and things like that. It's very interesting. So here's a clip. Go.
- [31:20]
H
My latest comedy special probably would not get on Netflix. Now, the stuff that I'm doing, and that's okay because the whole landscape is shifting dramatically Whereas, you know, I haven't been on late night tv because if you're a conservative, it's like they are. You know, they. They say we need equity and equality and diversity, but they don't want diversity of thought.
- [31:43]
A
That's right.
- [31:44]
H
They want diversity. It is a shame because it's diminishing, because, you know, you need to have your certainties questioned. Your foundational thinking needs to be challenged to make it better and to be open. And the fact that they don't have me on the late night TV is sad for them, but it also, it affects their ratings because I can do a tweet now and I could have millions of people see that or put out something on X or put it on Instagram and millions of people will see that and maybe 150,000 people watch the late night.
- [32:14]
A
Now we get into why Mr. Schneider left California and then his interactions with very powerful people in the entertainment industry. Why, like Strump, what about, you know, about the president had drawn him in and all that. So we're going to do that on Thursday and obviously want your feedback on this thing. So if you like it, we'll continue it. If you don't like it, then we'll go back to the old format. But I think it's worth doing. I'm not in this social media world. I don't live in this world. Okay. But I see the stats. Enormous interest in a longer form, getting to know certain people better. And that's what we're going to do. It's not going to go more than an hour. And for you premium and concierge members, we've got a special that nobody else will see but you guys. And I understand, I. Because I talked to Adam Sandler on the phone before Schneider came in to do the interview because they're best buds and I was getting all kinds of good stuff from Sandler, but they recorded the conversation, unbeknownst to me. And we use a little after you premium and concierge members on Thursday. So finally it's called we'll do it Live. I hate that because when I was 12 years old, I screamed at the television camera, we'll do it live with some F bombs. You know, give me a break. My teenager, and that is, of course, stayed there forever. So that's what the name of the podcast is, We'll Do It Live. My staff forced. I didn't. I said, we can't. No, no, we have to do it. All right. Okay. Okay. So lots of stuff swirling. Right? Thank you very much for watching and listening to the no Smith News tonight. I'm Bill O'Reilly. We'll see you tomorrow.
- [34:13]
E
Lifelock, how can I help?
- [34:15]
D
The IRS said I filed my return, but I haven't.
- [34:17]
B
One in four taxpaying American has paid the price of identity fraud.
- [34:21]
A
What do I do? My refund, though. I'm freaking out.
- [34:24]
E
Don't worry.
- [34:24]
G
I can fix this.
- [34:25]
B
LifeLock fixes identity theft, guaranteed and gets your money back with up to $3 million in coverage.
- [34:30]
D
I'm so relieved.
- [34:31]
E
No problem.
- [34:32]
G
I'll be with you every step of the way.
- [34:34]
B
One in four was a fraud. Paying American. Not anymore. Save up to 40% your first year. Visit lifelock.com podcast terms apply.