Highlights from O'Reilly's No Spin News - April 11, 2025

Summary

Bill O’Reilly’s No Spin News and Analysis: Highlights from April 11, 2025

In the April 11, 2025 episode of Bill O’Reilly’s No Spin News and Analysis, host Bill O’Reilly delves into a range of pressing topics, from economic strategies and media dynamics to foreign policy and personal financial concerns. This comprehensive summary captures the key discussions, insights, and conclusions drawn during the episode, providing an engaging overview for both regular listeners and newcomers alike.

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Economic Strategies: Scott Galloway on Trump’s Approach to China

The episode opens with a detailed analysis by Scott Galloway, a renowned professor of marketing at NYU, who addresses the current emotional climate surrounding the stock market and President Donald Trump’s aggressive economic maneuvers against China.

Key Points:

• Emotion Over Fundamentals: Galloway emphasizes that the stock market's volatility is currently driven more by emotions related to Trump’s actions and media portrayals than by the actual performance or prospects of companies.

  “So it's all emotion. And when emotion takes over, your best strategy is to pull back.” [05:45]

• Trump’s Aggressive Tactics: He critiques Trump’s "shock and awe" strategy, suggesting a more measured approach with tariffs and clearer communication would have been more effective.

  “His style is to throw the hand grenade in, blow everything up and then come out with a better deal.” [06:10]

• Economic Power Dynamics: Galloway outlines the significant financial leverage the U.S. holds over China, highlighting the $600 billion annual flow from the U.S. to China through trade imbalances and investments.

  “Every year the United States pumps at least $600 billion into China two ways.” [06:50]

• Potential Outcomes: He speculates that China’s economy could collapse under sustained economic pressure, forcing them to negotiate better trade deals with the U.S.

  “Trump believes he's going to crush them economically or at least bleed them until they come to the table and make better deals.” [07:00]

Galloway also addresses criticisms from other experts like Scott Rasmussen, reinforcing his stance that the U.S. possesses considerable leverage against China and predicting face-to-face negotiations between Trump and Chinese leaders in June.

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Media Dynamics: Dan Abrams and Scott Galloway on the Evolving Media Landscape

The conversation shifts to the state of the media, featuring insights from Dan Abrams, a legal correspondent at ABC and founder of Mediaite, alongside Scott Galloway.

Key Points:

• Decline of Mainstream Media Influence: Abrams acknowledges that traditional media outlets have lost significant influence and viewers, although they remain somewhat influential.

  “The mainstream media...has definitely lost influence. It's lost viewers, it's lost its power.” [15:22]

• Rise of Partisan and Specialized Networks: Galloway points out the fragmentation of media consumption, with conservative audiences migrating to networks like Fox News and Newsmax, reducing trust in mainstream media.

  “They don't trust the media anymore. It's in business to preach to the choir, tell people what they want to hear.” [15:46]

• Impact of Trump on Media Trust: Both discuss how Trump’s antagonistic relationship with the media has contributed to its decline, with fair-minded audiences growing uneasy due to perceived biases.

  “Trump destroyed the media and he did it passively, not actively.” [17:30]
  “People use the term Trump derangement syndrome... there's really... just can't do what they're supposed to do in a remotely objective way.” [18:01]

• Shift to Alternative Platforms: Abrams highlights the growing preference for independent media sources and digital platforms over traditional outlets, leading to a more fragmented information landscape.

  “People now have a lot more choices than they ever had before and I think that has made a huge difference.” [16:25]

The discussion underscores a media environment increasingly dominated by partisan viewpoints, reducing the gatekeeping power once held by traditional outlets like the Associated Press.

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Political Analysis: Trump, Biden, and Media Bias

The episode delves deeper into the political landscape, examining Trump's approval ratings, Biden's leadership challenges, and the role of media bias in shaping public perception.

Key Points:

• Trump’s Approval Amid Economic Concerns: O'Reilly and Galloway discuss how Trump maintains high approval among his base despite economic uncertainties like inflation.

  “He's at his highest level of approval ever recorded for him. But there's doubt, and the doubt is... deep uncertainty.” [25:27]

• Biden’s Leadership Scrutiny: O'Reilly criticizes the plethora of books targeting Biden’s mental acuity, dismissing them as baseless and fueled by media biases.

  “I reported that four years ago. It was not hard to ascertain Joe Biden's mental condition.” [31:08]

• Media’s Role in Political Narratives: Galloway accuses mainstream media of actively working against Trump by providing extensive coverage to his adversaries, such as Kamala Harris, to influence public opinion.

  “60 Minutes with Mike Wallace... once that happens, then regular folks go, eh, something wrong with it.” [21:48]

• Lack of Democratic Leadership: The conversation highlights the Democratic Party’s struggle to present a cohesive leadership front in the face of Trump’s defiance and media hostility.

  “We don't have a leader in a midterm. You can win a midterm.” [27:21]

This segment emphasizes the intertwined struggles between political figures and media entities, suggesting that media bias significantly undermines democratic processes and public trust.

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Foreign Policy: Iran Nuclear Threat and U.S. Strategic Responses

A significant portion of the episode is dedicated to the escalating tensions surrounding Iran's nuclear capabilities and the potential military and economic responses from the U.S. and its allies.

Key Points:

• Iran's Nuclear Ambitions: O'Reilly outlines the threat posed by Iran's underground nuclear facility, emphasizing the urgency to prevent Iran from developing nuclear weapons.

  “Both Israel and the United States agree that [Iran having nukes] cannot happen, will not happen.” [31:08]

• Potential Military Action: He describes a contingency plan where Israel and the U.S. could launch a swift military strike to disable Iran’s major ports, crippling their economy by halting oil exports and food imports.

  “Israeli air force, maybe the US in conjunction with the Israelis, will bomb their ports. They got four major ports on the Gulf.” [31:08]

• Diplomatic Efforts: Galloway mentions upcoming negotiations between Iran’s Foreign Minister and the U.S. Envoy, aiming to pause Iran’s nuclear program in exchange for economic incentives, thereby avoiding military conflict.

  “Iran says, we're going to put pause our nuclear weapons program. I'm going to allow UN Inspectors into our facility to make sure that happens.” [29:44]

• Strategic Outcomes: O'Reilly suggests that successfully implementing tariffs and economic measures could lead to a “soft landing” with Iran, avoiding widespread conflict.

  “If he puts tougher, tougher retaliatory tariffs on the Chinese... this will have a soft landing and a happy ending.” [30:08]

This analysis underscores the precarious balance between diplomatic negotiations and the threat of military intervention in addressing Iran’s nuclear program.

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Economic Concerns: Inflation, Retirement Savings, and Financial Advice

The episode also addresses ongoing economic concerns affecting ordinary Americans, including persistent inflation and the alarming rates of inadequate retirement savings.

Key Points:

• Stubborn Inflation: O'Reilly points out that inflation remains a significant issue, with many consumers not experiencing relief in everyday prices, thereby fueling public discontent.

  “Inflation, we still haven't had prices come down. The average guy going to the supermarket hasn't seen a material benefit in his life.” [23:02]

• Retirement Savings Crisis: Highlighting data from an AARP study, O'Reilly reveals that 20% of Americans over 50 have no retirement savings, and 61% worry about financial insecurity in retirement.

  “20% of Americans over the age of 50 have no retirement savings at all. Not a dime.” [30:08]

• Personal Financial Responsibility: O'Reilly shares his personal approach to savings and financial independence, advocating for self-sufficiency and proactive financial management.

  “If you're 50, I had no money, I'd hop in an Uber and work two jobs for two years.” [30:08]

• Investment Advice: While refraining from giving direct financial advice, both O'Reilly and Galloway stress the importance of maintaining a steady investment strategy and avoiding panic selling in volatile markets.

  “If you're worried about the markets in your Portfolio... Don't look.” [26:25]
  “Don’t panic... dumping them now at a low level, you're never going to get it back.” [26:25]

• Consumer Recommendations: The episode includes practical advice for viewers, such as considering purchasing a car during market fluctuations, emphasizing informed decisions based on research.

  “Now is a good time, I think, to buy a car... know what it's worth before you go into that dealership.” [30:08]

These discussions highlight the broader economic challenges facing Americans and advocate for personal responsibility and informed financial planning as solutions.

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Conclusion: O’Reilly’s Final Thoughts

In wrapping up the episode, Bill O’Reilly reflects on the interconnectedness of economic policies, media influence, and political strategies, reiterating the importance of factual analysis over emotional reactions.

Key Points:

• Interdependency of Issues: O'Reilly underscores how economic uncertainties, media biases, and political maneuverings are deeply intertwined, affecting public perception and policy outcomes.

  “You have to have a bigger view that you don't like them now... you can't banish them.” [13:42]

• Call for Self-Sufficiency: Emphasizing financial independence, O’Reilly encourages listeners to build personal savings and investment portfolios to mitigate economic instability.

  “You have to be self-sufficient, smart life... the only way out of that is to have resources, to have money in this capitalistic system.” [30:08]

• Optimism for Future Negotiations: While acknowledging the intense current climate, O'Reilly remains cautiously optimistic about future negotiations with foreign adversaries like China and Iran, believing in the potential for diplomatic resolutions.

  “This will have a soft landing and a happy ending.” [30:08]

The episode concludes with a reaffirmation of O’Reilly’s commitment to providing "No Spin" news, aimed at delivering facts and fostering informed discussions among his audience.

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Notable Quotes:

• Scott Galloway on Emotion in Markets:

  “So it's all emotion. And when emotion takes over, your best strategy is to pull back.” [05:45]

• Bill O’Reilly on Media Gatekeeping:

  “They don't have to call on AP. They don't have to give them special treatment, but you can't banish them.” [13:42]

• Scott Galloway on Media Partisanship:

  “They don't trust the media anymore. It's in business to preach to the choir, tell people what they want to hear.” [15:46]

• O'Reilly on Financial Independence:

  “You have to be self-sufficient, smart life... you cannot be dependent on anyone.” [30:08]

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This episode of No Spin News and Analysis offers a thorough exploration of critical issues shaping the current socio-political and economic landscape. Through insightful discussions and expert analyses, Bill O’Reilly provides listeners with a nuanced understanding of the complexities at play, emphasizing the importance of informed decision-making and personal responsibility in navigating these turbulent times.

Transcript

[Bill O'Reilly]

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[Dan Abrams]

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[Scott Galloway]

It's all about emotion now. The stock market gyrations up, down, in, out. It's not companies that may prosper, that may go into the tank. Not about that. It's about Donald Trump, what he's doing, how the media is spinning it, all of that. So it's all emotion. And when emotion takes over, your best strategy is to pull back. I'm not doing anything. Okay. I'm basically, I'm going to talk to my financial guys after this. Broadcasters, maybe one or two opportunities, but they're very conservative opportunities. Opportunities that I might take advantage of. But when you have a situation that is totally beyond your control, my control, anybody's control, then you are pull back. Don't listen to these television nitwits. They don't know what they're talking about. They got to fill their time that we here. We're going to tell you some pretty interesting things tonight, things that are going to help you if you analyze them. The first thing is that this is all about power, world economic power. President Trump wants to increase America's power and he's doing so in a very, very aggressive way. Okay, Shock and awe. I would have done it in a different way. I would have done a slower rollout on the tariffs. I would have explained it more. I would have been calmer and allowed the market some kind of, you know, at least deliberation. That's how I would have done it. But that's not President Trump's style. His style is to throw the hand grenade in, blow everything up and then come out with a better deal. And he may, absolutely may, but he might not. And that's where the uncertainty and the panic fit in. And that is the subject of tonight's Talking Points Memo. So let's run it down for you. Another turbulent day. I hate looking at the ticker. I have to because of my job. And it's all about China right now. So I do anticipate that a week from today, the leader of Italy, Maloney, is going to show up here and that is going to start the deal making process with the EU and with Mexico and with Canada. I think those deals will get done. I could be wrong, but I think the strategy is get the deals done with the EU and the countries in our hemisphere and then China will be isolated. Think that's what it is. Again, nobody's told me that, but this is. I'm reading what's happening. So the United States has a tremendous amount of power over China and we don't. It's not even. It's not even reported. CNN is openly sympathizing with China and other commentators, too. They're rooting for China to beat Trump. It's unbelievable. China is the most heinous country in the world by far. As we reported yesterday. We laid it out. Their war machine is being funded by US Dollars. Now, this is vital for you to understand. Every year the United States pumps at least $600 billion into China two ways. The trade imbalance, all right, which we reported yesterday at 300 billion and investments. Chinese corporations and some individuals, not many, but the Chinese government buy U.S. trade treasuries, okay? Their bonds, they pay interest and the money comes out into China. So trade imbalance, 300 billion. And the interest level is 332 billion. That's more than $600 billion a year coming from us to them. TRUMP knows that's insane because much of that money is used to finance their war machine over there. Think about it. The stats I give you are in stone. Now, the Chinese also invest in the eu, but not as much as here. So China is dependent on the United States. They can hurt us. They pull that investment out of our Treasuries, that's going to hurt. But if we take the marketplace and say to China, you got to pay 125% on every T shirt you sent here, it's going to close down factories over there. Who's going to make that up? Putin? Nobody wants rubles, okay? I mean, who. So they know that in China. They're blustering now. Now the Chinese economy will collapse unless a deal is Made. All right, now, I said as much on News Nation last night. Go. They're using the $300 billion trade surplus a year to fund their military machine, their war machine that is ultra dangerous China. Trump believes it. He's going to crush them economically or at least bleed them until they come to the table and make better deals. There you go.

[Bill O'Reilly]

Why would they come to. Why would they come to the table? What's the theory?

[Scott Galloway]

Because their economy is going to collapse without the US Market. Okay, so that is my belief. All right? And it's speculation, but it's educated speculation. In the next segment on News Nation, I went away. A guy named Scott Galloway shows up. He is a professor of marketing at nyu. He's also on the New York Times Company board of directors. So that tells you pretty much all you need to know about Scott Galloway. Here's what he said. Yeah, I realize. I realize it's bad form to comment on a previous guest, but I just want to highlight, in terms of our ability to, quote, unquote, wreck the Chinese economy, the largest trading partner of China is the association of Southeast Asian nations at about $1 trillion. Number two is actually the EU at 900 billion worth. 30 to 800 billion. So what? The Southeast Asian nations, yeah, they trade with them, okay, but they trade at a much lower level. And they're not using Vietnamese currency to fund anything. And there's no investment by Chinese corporations to speak of in Southeast Asia. There is in the EU and Japan, but not to the level of the United States. Now, Galloway is never going to tell you that, ever, because his thesis is that Trump bad, China not so bad. Trump bad. We get this, okay? Now, I want you to know the truth. We have leverage over China. I believe a deal will get done between Xi and Trump. Not going to be easy, obviously, but they're going to meet face to face. I hope it's in June. I'm hearing in the Gulf. And then let's iron all of this out. We don't need a worldwide economic war. No one needs that. Everyone will get hurt. United States getting hurt now, folks are getting hurt. Now China, you'll never hear about them getting hurt. It'll be like Covid. So the Chinese government said, yeah, yeah, we had a couple of hundred cases of COVID but that's all. Meanwhile, about 100,000 people died. But you'll never get that. They'll never say it. So this is very intense right now. Very, very intense. I'm rooting for my country. I'm not rooting for Donald Trump. Or the Republican Party. I'm rooting for my country. The trade deals are not fair. Everyone, every honest person knows that they're not. Let's hope they get better for the USA and that we can de intensify all of this. That's a memo. I rely on physical precious metals like gold and silver to protect my savings. And the only company I trust is American Hartford Gold. A tax advantage Gold IRA can protect your savings from inflation, recessions and more. You can even roll over your 401k or IRA tax and penalty free free. With thousands of five star ratings and an A from the Better Business Bureau. American Hartford Gold has delivered billions in precious metals. Trust American Hartford Gold to help you. Call or text American Hartford Gold. Tell them Bill O'Reilly sent you for up to $15,000 of free silver on qualifying orders. 866-326-5576, 326-5576 or you can text BILL to 998-899 again 866-326-5576 or text BILL to 998899.

[Dan Abrams]

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[Bill O'Reilly]

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[Dan Abrams]

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[Scott Galloway]

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[Scott Galloway]

All right. Rasmussen, Scott Rasmussen, as a poll about a third term for Donald Trump. Do you support or oppose Donald Trump seeking a third term? Support 28% post 66. That's about right. People don't want a king. All right. And the Constitution clearly states it's not going to happen. I told you it wasn't going to happen for the Joe. And Trump just throws it out to be provocative to drive his enemies crazy. Okay. To the media, another not a victory for the press, but interesting story. As you know, Donald Trump despises the Associated Press, the ap. That's the wire that goes out to the smaller newspapers across the country and the world. And it's been very anti Trump. I have been on record as saying, look, I understand why the president goes after these media companies. I can tell you that since 1996 when I started the O'Reilly Factor on Fox News, the Associated Press has not said one nice thing about me not one. David Bowder is a TV writer. Hates me. I never. I think I met him twice. But it was like every cheap shot they could take, they took. So I, you know, if I could ban the Associated Press, I probably would, but I'm not the president. So Anyway, Judge Trevor McFadden, appointed by Trump U.S. district Court in D.C. said, look to the White House, you just can't exile them. And his rule, his reasoning was a court simply holds that under the First Amendment, the government opens its doors to some journalists, be in the Oval Office or elsewhere, cannot shut doors to other journalists because of their viewpoints. Okay, I think that's right. All right. You gotta have a bigger view that you don't like them now. They don't have to call on eap. They don't have to give them special treatment, but you can't banish them. Now, the judge did suspend that ruling for five days so another court can take a look at it. Joining us now is a guy who has a tremendous amount of experience in the media. Not as much as me, but nobody does because I'm very old. But Dan Abrams, you know him, was at NBC. He's still at ABC as a legal correspondent. He runs a website called Mediaite where they write about media every day. He was on NewsNation until recently. The guy knows the media. So number one question is the media, the linear media, corporate media, losing power in America?

[Dan Abrams]

Absolutely. That's an easy one. The mainstream media, the media that you and I grew up on, has definitely lost influence. It's lost viewers, it's lost its power. It doesn't mean it's powerless, still influential, but just doesn't have anything like the sort of influence that it once had. And by the way, I think that applies to the Associated Press as well. I mean, AP used to, you know. You know, this. AP used to be the thing, right? AP sends something out. It goes to everyone, everywhere, all over the world. Well, now everything goes to everyone all over the world.

[Scott Galloway]

That's right. Now, why. Why are they losing power so rapidly? I know there's more competition with the social media, but I believe it has to do with partisanship, that people. And all the surveys show this. They don't trust the media anymore. It's in business to preach to the choir, tell people what they want to hear. I think that's the main reason for the decline.

[Dan Abrams]

I think it's a combination. I think it is definitely the medium. It is the fact that people can get information elsewhere they don't have to turn on.

[Scott Galloway]

And why wouldn't you turn it on if you liked it, yeah, you might. But you might like to, you know, right mind.

[Dan Abrams]

But you might prefer to hear more of what you know you want to hear on a daily basis. And I will say that the major loss for the mainstream media has been among conservatives. There is no doubt about that.

[Scott Galloway]

Well, wait a minute. There's two networks that are 100% conservative of Fox and Newsmax.

[Dan Abrams]

Yes, correct. And I think that they the, the ABCs and CBS's and put aside cable for a moment. Right. The broadcast networks, the places that everyone used to get their news from. The folks who are on the right will now very often go to someone like Brett Baier on Fox News to get that quote unquote newscast or they'll go to folks like you, by the way, who are on their own independent, not beholden to a bigger entity and they'll say, you know What, I like O'Reilly. What does he have to say about this? I think people now have a lot more choices than they ever had before and I think that has made a huge difference in these guys used to be the gatekeepers it was all about if you weren't, you know, you couldn't get someone to cover it. Ah, then the story faded. Now there's a whole host of opportunities and options to get someone to get a story your take whatever it is out there.

[Scott Galloway]

I think Trump destroyed the media and he did it passively, not actively. Obviously this AP thing was active. He doesn't like them. He doesn't like NBC in particular, those two. But by hating Trump as much as msnbc, NBC News, cnn, by hating him viscerally hating him to this day, to this moment, Fair minded America is not ideologues. Makes us uneasy. Am I wrong?

[Dan Abrams]

I think you're right. I think you're right. Look, I think there is, you know, people use the term Trump derangement syndrome, right? And you know, either people on the right use it and say it with a sort of a smile and a snicker and people on the left say, ah, there's no such thing. But the truth is there is such thing. There. There really is this sense on the part of some, they are so angry at Trump all the time that they, that they just can't do what they're supposed to do in a remotely objective way. Now I will say this in defense of some of the folks on the left is that Donald Trump has gone into this, Trump 2, his second effort here and has definitely taken more extreme measures and positions than he did in Trump 1. And as a result, if you are someone who is object, quote, there's no such thing as objectivity, pure objectivity, let's call it. You're somewhere right of center, left of center right, and the guy who's in power is taking positions that are pretty extreme in a lot of ways. You're gonna, you're gonna be calling him out. And as a result, you're gonna hear more criticism of Trump than you might of another Republican in that role. In the same way, by the way, if you had AOC or Elon Omar, and I'm not saying that they're absolutely.

[Scott Galloway]

It wouldn't be at the same level though. It wouldn't be at the same level.

[Dan Abrams]

I think that's fair. I think you're right. It wouldn't be at the same level.

[Scott Galloway]

The corporate media tried to re elect the Biden administration through Kamala Harris. They tried everything. That 60 Minutes thing is a legitimate thing. They tried to help her.

[Dan Abrams]

Oh, come on. You think that 60 Minutes.

[Scott Galloway]

I saw that transcript. I saw how they edited it. And they did not have to edit it that way. They tried.

[Dan Abrams]

How do we know that they edited it? We know they edited it because they admit they put it out in two different forms. They had one, they put out the, they didn't have to. Oh yeah, what is a tease on Face the Nation? They put out the other on 60 Minutes. They were doing it because they just thought, oh, these are two, you know, different ways of getting the same thing.

[Scott Galloway]

How long did it take for 60 minutes to put that transcript out?

[Dan Abrams]

That was the mistake. The mistake was not released. But now that we've seen it. But now that we've seen it, it wasn't that big a deal. I've edited typical editing.

[Scott Galloway]

You and I have edited thousands of pieces. I never would have edited my piece that way in a million years.

[Dan Abrams]

I wouldn't, I didn't, I didn't find that editing to be that disturbing. I didn't find it to be disturbing at all.

[Scott Galloway]

But I think they absolutely. And then subsequently every week on 60 Minutes, they just bash Trump. Just bash him every week. That's true, that's true. I mean, look, once that happens, and that's the top of the line, 60 minutes with Mike Wallace, Morley Safer, Don Hewitt, top of the line. Once that happens, then regular folks go, eh, something wrong with it. Now I'm gonna be on your show tomorrow, tell people where they can find that. Cuz I'll do more talking there, which would be much better for everybody. Where, where can we find that.

[Dan Abrams]

You can find it on Sirius XM on the potus channel at 2:00. But also the video of it will be on the Mediaite YouTube page which we are now building out. And you know, part of the build out is to get Bill O'Reilly.

[Scott Galloway]

Yeah, we're doing the same.

[Dan Abrams]

I'm gonna say something about Bill O'Reilly. I said this to Bill O'Reilly privately. I said this to my team at News Nation privately. There is no one better at broadcasting in the business than, than Bill O'Reilly. I've said it to my team. I've. So this is no secret, but I believe it. And I'd be wondering when I was thinking about you talking about the ap, you were saying they've never said anything good about you. I did wonder what good they could have said about you. But you know.

[Scott Galloway]

Yeah, well, they could have said what you just said.

[Dan Abrams]

Exactly.

[Scott Galloway]

Somehow they missed it. They missed it.

[Dan Abrams]

They missed it.

[Scott Galloway]

All right, Abram.

[Dan Abrams]

It's a fact.

[Scott Galloway]

We'll rock and roll tomorrow. We appreciate you coming on tonight.

[Dan Abrams]

Look forward to it.

[Scott Galloway]

Let's get another point of view and this Doug shown, you know him, he was very good during the election cycle for us. He's a Democrat, political strategist, author of the book Politics of Life, and he joins us from Miami. All right, my analysis, is it foolish, naive, misleading? What do you think?

[Bill O'Reilly]

I think you're basically on the money, Bill. We're in the midst of, of a man made crisis that could resolve itself shortly or it could resolve itself over time. The dominant sentiment I pick up in the polling we were doing is uncertainty combined with, as you said correctly, Bill, doubt in the quality and judgment of our administration. Not dismissal, but deep, deep uncertainty.

[Scott Galloway]

But why would they be uncertain if the border has worked, if the Doge thing has uncovered billions of dollars of wasteful spending, if the DEI stuff is out, which most Americans don't want, why would there be uncertainty about Trump? So far he's doing pretty well, right?

[Bill O'Reilly]

Inflation, Bill. We still haven't had prices come down. The average guy going to the supermarket hasn't seen a material benefit in his life. And that is his Achilles heel now as it was Joe Biden.

[Scott Galloway]

All right, so inflation remains stubborn, although where I live on Long island, gas is down, went below three bucks a gallon over the weekend. Eggs are down 50%, you know, because the bird flu thing is subsided. I don't, I'm not, I'm not in the grocery store all that often. But I'll take your word for it that across the board, in most parts of the country, you haven't seen a lot of relief. All right, so that the folks, they, the ones that voted for Trump, are they going to bail now that their stock and bond portfolio is cratering? Do you believe they are going to bail?

[Bill O'Reilly]

The way I see it, Bill is first to start with where I think I agree and where you're right, the 35% who are the MAGA crowd, they're with him. Come hell or high water, they're going to stay. There's no doubt there. The next 15, 16% that gave him his narrow majority in the popular vote, they're asking questions.

[Scott Galloway]

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[Bill O'Reilly]

What's happening to my 401k? Is inflation coming down? Are we in an unstable situation in the Middle east and with Russia and Ukraine, not that they've turned on Trump, they haven't. He's at his highest level of approval ever recorded for him. But there's doubt, and the doubt is, I think, been exacerbated by the events of the last couple of days of last week and today.

[Scott Galloway]

All right, that polling is going to go down for him. You know that. Everybody knows that. You know, it's not. It's been four days. And the market today, as I say, is up and down and in and out, but the market can come back. I, I firmly believe that. I mean, I. People, I can't give financial advice to people. But in my column, I said, you know, if you panic in any part of life, not just here, that's not going to be a positive for you. You gotta, you gotta maintain. And if you believe in what you bought, the companies that you bought, it's not going to be as smooth as it thought. But dumping them now at a low level, you're never going to get it back.

[Bill O'Reilly]

But if you hold them, don't give financial advice either. But as a life lesson, Bill, that is very good advice. And Warren Buffett said basically the same thing you said in your Talking Points memo, which is, if you're worried about the markets in your Portfolio.

[Scott Galloway]

Don't look, don't look. I mean, and it's. But the frustration is there are a lot of older people and there. And a lot of people who have got college funds and they're getting hurt and they might need the money. And that's just the vagaries of life. I mean, sometimes it works out and sometimes it doesn't. Now, the Democratic Party, your party, should be able to take advantage of this kind of chaos. Any political chaos works for the opposition, but because it has no leader, no one, it can't take advantage of it. Am I wrong?

[Bill O'Reilly]

It can only take advantage of it if, as you suggest, I think correctly, Trump's numbers and the Republican numbers come down, if the Republicans are able to keep their majority in both states.

[Scott Galloway]

But let's assume that they do come down. Let's assume that a week from now, on the 14th of April, that Trump's approval rating slides to the low 40s, which it could. Who's going to step up on the Democratic side?

[Bill O'Reilly]

We don't have a leader in a midterm. You can win a midterm. As your talking point memo, your word was grizzly. I think the results can be grizzly. 2028, we don't have a leader. There's nobody on the horizon. Agree with the overall assessment.

[Scott Galloway]

All right. But it's still too early for the midterms. It's 19 months now for the midterms.

[Bill O'Reilly]

Right. So the Democrats are running against Trump not for any ideas, that's for sure.

[Scott Galloway]

No, no, no, no, no. But as you know better than anybody in this country, because you do this for a living and have done it for a long time, I think since US Grant in the game, okay. That if you tear down a president that's hard to reverse. So you saw with Biden. So Biden has got into one mess after another after another after another, and people just lost confidence in him. But Trump is a different cat, as Dennis Miller would say. So Trump is defiant. My vision is going to work now, six months from now in the fall, if it's still. Inflation is still high, prices aren't down. In fact, if they go up and the stock market is still just impossible, then I think Trump will have damaged himself beyond repair. But I think he's got six months. Am I wrong?

[Bill O'Reilly]

I would agree with that. But I would tell you the economy has to improve vis a vis inflation and prices. And bottom line, there has to be a relatively quick solution vis a vis the tariffs. We just can't go indefinitely with this uncertainty.

[Scott Galloway]

All right. Last question. I think the tariff thing is going to work out with Europe. I think it'll work out with Canada and Mexico. But China is a different story. So China seems to be itching for some kind of confrontation. I don't really know why, because the Chinese economy is very shaky. How do you see that?

[Bill O'Reilly]

I agree with you. That conflict, if it be limited to China, Bill, I believe Donald Trump will be supported by the American people en masse. If he puts tougher, tougher retaliatory tariffs on the Chinese. If the rest of the world is resolved in the way you suggest, I think this will have a soft landing and a happy ending.

[Scott Galloway]

No, I don't know about happy ending because, you know. All right. All right, Doug, thanks very much. We always enjoy.

[Bill O'Reilly]

Thank you. Always.

[Scott Galloway]

We'll see you soon. Iran, now we're getting a little more complicated. So Iran's got a nuclear weapons facility. Okay. It's outside of Tehran. It's underground. Israel has infiltrated it. The Mossad. Israel knows pretty much what's going on there. As far as the Iranians developing a nuclear weapon, both Israel and the United States agree that cannot happen, will not happen. And if the Iranians don't give it up, there are going to be military action. Here's what Trump said yesterday. Go with Iran. Yeah, if it requires military, we're going to have military. Israel will obviously be very much involved in that.

[Bill O'Reilly]

He'll be the leader of that.

[Scott Galloway]

But nobody leads us. We do what we want to do. Okay? So on Saturday, this coming in Oman, there is a face to face with the Iranian Foreign Minister, Abbas Aragachi, and the US Envoy, the Middle East, Steve Witkoff, and they're going to discuss nukes. Now, all that has to happen to prevent any military action against Iran, and I'll explain what that would be in a moment, is that Iran says, you know what, we're going to put pause our nuclear weapons program. I'm going to allow UN Inspectors into our facility to make sure that happens. That's all. And then Trump will sweeten it up with some kind of economic benefit to Iran. Now, say Iran doesn't do that, says Fu to Witkoff in the United States and to Netanyahu in Israel. What will happen is that the Israeli air force, maybe the US in conjunction with the Israelis, will bomb their ports. They got four, four major ports on the Gulf. That's where the oil, Iranian oil, goes out for sale and the food comes in. There's no food in Iran. Okay? It's a desert. They need to import their Food for the Persian people to stay alive. Afghanistan borders them to the east. They don't have any food. Putin could get some food in, but Putin's got his own problems now. All right, so those four ports to disable them, five hours, maybe, maybe six, and they're done. Nothing in, nothing out. That's the military action. Iran has got no cards. Media madness. Okay, so we have discussed a little bit, and I'm going to write a Sunday column on this. There's a bunch of books out about Biden and how befuddled Biden was. I don't know why anybody buy these books. I reported that four years ago. It was not hard to ascertain Joe Biden's mental condition. It was very easy. These books are based on anonymous sources, okay? Which I don't read books that are based on anonymous sources. A waste of my time. Okay? So the central thesis of the books, all of them, is that the Democratic Party knew that Biden was diminished and so did the corporate media. Enter Chuck Todd, who was on Piers Morgan. Go. The only thing I can chalk it up to is this, whatever you want to call it, this fear that some members of the media had sometimes that they would be perceived as helping Trump if they somehow diminished Biden. Right. That it was some sort of zero sum game. And I think this has been the fundamental mistake that many members of the traditional press have done. I mean, the only thing I can chalk it up to is that, no, they were told to do this. And Chuck Todd knows that. He worked for NBC. The entire culture of NBC News, the entire culture, 100% is Trump bad, liberals good. Every show, everywhere, everyone. And there's Todd. Well, you know, it's just. They didn't want to enable Trump. No, did what you were told to do and they hosed you anyway. CNN had a town hall with Bernie Sanders last night. Why? Why Bernie Sanders? He's not in the news cycle. He doesn't have any power. He's a communist. Why would you give him an hour and they're going to believe me. I don't have the ratings in yet. But nobody, nobody, they won't crack a million on that. And it was Anderson Cooper and they don't get any ratings anyway, but they'll go down. So I said to my staff, I can't watch this. I was just too busy. So just give me what Bernie, give me one soundbite in an hour that Bernie said. Here it is. There are some of us who from day one have understood that we've got to stand up and rally the American people to fight against this horrendous agenda, which at the end of the day is really significantly about giving massive tax breaks to the top 1%. All right, so what Trump and the Republicans are saying is, hey, let's cut Medicaid by some 880 billion and let's use those savings to give tax breaks to the very wealthiest people in this country. It's so ridiculous. So ridiculous. But he says it every day, Bernie Sanders, and he believes it because he wants to believe it. There's absolutely no truth at all. It would be like me coming on this broadcast tonight and saying next Tuesday the nation of Canada is going to apply for U.S. statehood. That's not happening. It's never going to happen. But I would tell you that as Bernie Sanders does now. Who wants to hear this? It's so far out of the realm of possibility. That's what they do. Department of Homeland Security says that thousands of illegal immigrants have moved out of here. Okay. They have said, we're not staying in the US we're self deporting. So what is the number? Well, my crack staff got it 5,000. See, 5,000 out of 14 million. No, that's not a big number. 5,000 said. Now they may have been homesick or they might, you know, but that's not a lot. Now it was 5 million, but this self deportation, not working. Smart life. Okay. This study is from aarp. And I know some of you don't like aarp, but I'm kind of neutral on it. I like AMAC better, but aarp, they're not totally useless. They did a study and it says 20% of Americans over the age of 50 have no retirement savings at all. Not a dime. I believe it. 61% say they're worried they're not going to have enough money to support themselves in retirement. And you should be worried. If you're 50 years old and you got no retirement savings, you're in a heap of trouble. Now, every day I get letters from concierge members and that's on billoriley.com that's a program. If you get into trouble or have questions about anything, we will help you with the trouble and answer your questions within 24 hours. Okay. I would say that 25% of the letters begin with, I have no money. I'm broke, I'm sick, I got this, my kids, that. I don't have any money. I just got laid off. I don't have any money. I don't have any money. Heartbreaking. It's heartbreaking. To me because I want all Americans to prosper. I can't understand why people don't have any money. Because from the time I was 10 years old I worked cutting lawn, shoveling snow, babysitting. Then I painted houses. On and on and on, always, always worked. My father said, you are going to save 10% of everything you earn. And I did so therefore I always had money. But apparently millions and millions of Americans don't. And I don't own it. I don't get it. If you don't have any money, you are powerless. You are dependent on other people. That is the worst thing you can be. You cannot depend on another person, even if it's your wife or husband or you can't. You have to be self sufficient, smart life, the other people can help you and add to the quality of your life. But you cannot be dependent on anyone. And the only way out of that is, is to have resources, to have money in this capitalistic system. Think about it. Because you're going to get it if you don't have any money. If I were 50, I had no money, I'd hop in an Uber and I'd, I'd work two jobs for two years. That's what I would do. All right, here is the tip of the day. As you know, I can't give you financial advice. A lot of concierge members ask me, you know, would you sell this stock? Would you do this? Would you? I can't do that. What I can do is tell you what I'm doing okay, but doesn't always work out for me. I have a message of the day about that. Capitalism and capitalism is risky. Socialism is not risky because you just do what you're told. Now is a good time, I think to buy a car. If you need a car pre owned, new, whatever it may be, might start to look around now. So I think those corporations going up no matter what happens with the tariffs, maybe I'm wrong. You get three, you know, zero in a car you like, get the blue book, what it's worth. Know what it's worth before you go into that dealership and that's all on the Internet and go get it. Particularly on pre owned. Now I have a nine year old Cadillac, it's got an eight in it, it's got a tape deck in it, it's got 66,000 miles on it. I'm not selling it, I'm keeping it. Okay. Because it's worth it. It works great, it looks great. Okay? I'm a big guy, I can fit in that car. Okay, so that's me. But if you're looking, if you have to, if the old car is falling apart, good time, right? Thank you very much for watching and listening to the no Spin News. We'll see you again on Monday.