Podcast Summary: Bill O’Reilly’s No Spin News and Analysis

Episode: The O'Reilly Update, January 23, 2026
Host: Bill O'Reilly (with Mike Slater filling in)
Date: January 23, 2026

Overview

This episode of "The O’Reilly Update" covers major national news, including a sweeping winter storm impacting millions, Jack Smith’s congressional testimony, public dissatisfaction with both major political parties, and America's smartphone addiction. The central theme of the episode, however, is an in-depth commentary on President Trump’s recent speech at Davos, highlighting his stance on home ownership and prescription drug pricing—issues positioned as a direct challenge to globalist policies and corporate influence.

Key Discussion Points & Insights

1. Nationwide Winter Storm [00:21]

• Scope: A "massive winter storm" is expected to impact at least 200 million people across the central and eastern United States.
• Forecast Details:
  • New York City: Up to one foot of snow
  • Texas, Kentucky, Carolinas: Up to 6 inches of sleet and frozen rain
  • Major airline disruptions anticipated ("hundreds of flights" could be canceled).
• On-the-ground commentary:
  • Mike Slater shares localized impact from Nashville, noting the empty grocery shelves:

    "There is no bread or milk at any grocery store. Everyone is going to be eating more bread over these next two days than they have the last two years." [01:20]

2. Jack Smith’s Congressional Testimony [02:10]

• Highlights:
  • Jack Smith, former special prosecutor, testified before Congress regarding his prosecution of Donald Trump for allegedly inciting the January 6th Capitol attack.
  • Smith stands by his actions:

    "No one should be above the law in this country and the law required that he be held to account. So that's what I did." [02:45]

  • Republican members accused Smith of partisanship, aiming to aid Democrats.
  • Trump responded on Twitter, suggesting Smith should be prosecuted and accusing him of "large scale perjury."

3. Voter Discontent with Political Parties [03:16]

• Recent Gallup Poll Results:
  • 70% disapprove of Democrats
  • 55% disapprove of Republicans
• Historical Comparison:
  • Since 2009, average favorable ratings: Democrats 45%, Republicans 40%
• Mike Slater’s commentary:

  "Who approves of what the Democrats...?" [03:40]

4. America’s Smartphone Addiction [04:00]

• Fox News Survey Highlights:
  • Average American checks their smartphone 96 times per day—about every 10 minutes.
  • 80% sleep with their phones within 2 feet of their heads.
  • Most distracting apps: TikTok and Instagram

5. Main Commentary: Trump’s Davos Speech & Home Ownership [05:00]

Trump’s "America First" Housing Policy

• Trump Quote at Davos:

  "You buy a corporation to buy 500 houses. You could take depreciation, but a person sweats and works and buys one house. They can't. Homes are built for people, not for corporations. And America will not become a nation of renters. That's why I signed an executive order banning large institutional investors from buying single family homes. It's just not fair to the public. They're not able to buy a house. And I'm calling on Congress to pass that ban into permanent law. And I think they will." [05:35]

• Slater’s Praise:
  • Appreciates Trump for confronting the "Davos elites" directly, contrasting his stance with the World Economic Forum’s controversial "you’ll own nothing and be happy" vision from 2016.
  • Criticizes the ideology as "dystopian, sick, delusional, New Age communist."
• On Globalist Visions:
  • Reads from Ida Auken’s essay:

    "Welcome to the year 2030. Welcome to my city, or should I say our city. I don't own anything. I don't own a car. I don't own a house. I don't own any appliances or any clothes..." [07:35]

  • Slater frames this as antithetical to the American dream, commending Trump for:

    "...pile driving the whole thing right on the stage. Homes are built for people, not for corporations. And America will not become a nation of renters." [08:50]

• Nationalist Sentiment:
  • Declares a new "American golden age"—"America first" and "not ashamed."
  • Quotes Howard Lutnick:

    "When we shine, the world shines." [09:45]

6. Prescription Drug Prices: American vs. Global [10:10]

Global Comparison:

• Examples:
  • Eliquis: $650/month in France, $7,000/month in the US
  • Humira: $2,000 in Canada, $6,000 in the US
  • Ozempic: $70 in France, $1,000 in the US
• Slater’s Commentary:
  • Calls out the extreme price disparity:

    "This is crazy. And Trump’s ending it." [11:35]

  • Explains Trump's "most favored nation" drug price policy—Americans pay the world’s lowest price for prescription drugs.
  • Criticizes political opposition by coining the "Trump Derangement Syndrome" (TDS) test.
• Story on Real World Impact:
  • Anecdote: Friend in Spain receives critical medication for $6, compared to $500 in the US.
  • Notes the irony that leftists, long advocating lower drug prices, are slow to credit Trump for this policy.
  • Direct challenge:

    "Just admit it's good. Give him credit for one thing. Admit that maybe he's not Hitler after all." [13:30]

Notable Quotes & Memorable Moments

• "Everyone is going to be eating more bread over these next two days than they have the last two years."
  — Mike Slater [01:20]
• "No one should be above the law in this country and the law required that he be held to account. So that's what I did."
  — Jack Smith (as quoted by Mike Slater) [02:45]
• "Homes are built for people, not for corporations. And America will not become a nation of renters."
  — Donald Trump (as quoted at Davos) [05:35], repeated by Mike Slater [08:50]
• "Welcome to the year 2030...I don't own anything. I don't own a car. I don't own a house."
  — Ida Auken essay excerpt [07:35]
• "All of the failures that we've seen in America and in Europe, it's all self-imposed. ... Enough of the loser third world globalist mentality. It's America first now. We're not ashamed. We are the shining city upon a hill, not because we're weak, but because we're strong."
  — Mike Slater [09:00]
• "If you want to diagnose someone with tds, Trump Derangement Syndrome, all you have to do is ask them one question. Do you support the President's effort to negotiate most favored nation drug prices?"
  — Mike Slater [12:10]
• "Just admit it's good. Give him credit for one thing. Admit that maybe he's not Hitler after all."
  — Mike Slater [13:30]

Timestamps for Important Segments

| Time | Segment | | --------- | ----------------------------------------- | | 00:21 | National Winter Storm Coverage | | 02:10 | Jack Smith Congressional Testimony | | 03:16 | Voter Discontent with Political Parties | | 04:00 | Smartphone Addiction Survey | | 05:00 | Main Commentary: Trump’s Davos Speech | | 07:35 | Ida Auken Essay Excerpt | | 08:50 | America First: Home Ownership & Nationalism| | 10:10 | Prescription Drug Pricing Disparity | | 13:30 | Slater’s Challenge to the Left on Trump’s Policy |

Tone and Style

The episode maintains a conversational, sometimes irreverent tone, blending serious policy analysis with pointed satire and mockery of political opponents. Slater, filling in for O'Reilly, is direct and combative, particularly when addressing globalist ideologies, media narratives, and partisan hypocrisy regarding Trump’s policies.

Summary

This edition of The O'Reilly Update provides news on urgent weather, legal battles, political sentiment, and technology’s grip on society—with a special focus on President Trump’s Davos speech. Mike Slater’s in-depth commentary highlights Trump’s opposition to corporate ownership of homes and high prescription drug prices, presenting them as bold, anti-globalist moves—"America First" policies designed to reinforce American strength and prosperity. The analysis is unabashedly pro-Trump, attacking "globalists" and left-leaning critics, and urging listeners to recognize achievements regardless of political alignment.