Doug Schoen (4:00)

I stand with many millions Americans that want to see the end of a dictatorship that starts to take away all.

Bill O'Reilly (4:06)

Of our democratic rights, fundamental institutions, job.

Doug Schoen (4:10)

Health care, education, and everything else that we've come as Americans to love and appreciate.

Bill O'Reilly (4:17)

All right, it's just gibberish. He doesn't know why he's out there, but his friends are out there, so he's out there. All right, let's segue into tariffs. So this is a very intense situation. That's the best word. Because as I'm going to tell you at the end of this program, in a final thought, there's good reason for us to be apprehensive. Us, the American public. There's a good reason this has sprung out of nowhere. People did not anticipate that the Trump administration was going to enter into a trade war with the rest of the world. If they had anticipated, there would have been a sell off months ago, but nobody did. That trade war was a mistake. Now, not in theory, as again, I'll refer back to my column. We've been getting hosed by foreign nations and trade ever since World War II. Okay, so that's a fact. But you can do these things in a different way. You don't have to just drop, boom, everything at once, and then everybody panics. All right? Now, the unintended consequences of the panic is an erosion of confidence in the Trump administration. Not by the Maga people, the 35% that will support Trump no matter what he does. But that's not nearly enough to govern. Now, if Donald Trump's economic vision unfolds the way he says it will, he'll get by it. But if he doesn't, the midterms will be grisly. For the Republican Party and for him. All right, A little history. So you really understand this. I'm going to keep this simple. No pinhead stuff. All right? So in 1930, the nation was entering the Great Depression. 1929, the stock market collapsed. It collapsed because people were borrowing money to buy stocks. The stock market was roaring in the 1920s, the roaring twenties. And then when the stocks started to go down, which inevitably they always will, up and down, up and down, people couldn't pay back the loans and boom, the banks started to foreclose and everything like that. Herbert Hoover, one of the worst presidents ever. If you read Confronting the Presidents, and I hope you did or will, puts tariffs up, all right? To protect the American economy, American manufacturing. And that was called the Smoot Hawley Tariff Act. Smoot Hawley disaster. That made it worse. And then we went into a deep depression for almost 10 years to World War II. All right? Then after World War II, the US economy goes just surges because we're the victors and we're supplying all of the materials to rebuild Europe and Japan. Marshall Plan, and we got to make them in America. I mean, it's like everybody's working, Everybody's doing okay. JFK in 1961 says, I'm going to take over this tariff business. And the Constitution does give the President of the United States the power to control foreign commerce. Congress doesn't have a say in it. So JFK pops it up. Then Congress passes the trade act of 1974. Okay. And that solidified presidential dominance in the tariff area. So that's why Trump can do what he wants. All right, got it. Now, Donald Trump is, as I said, the biggest disruptor in presidential history. He has passed Teddy Roosevelt. Teddy's number two for taking on the monopolies. And. And he won. Teddy won. But boy, that was a rough one. And I write about that in Confronting Evil coming up in September. Anyway, Trump's a disruptor and he wants to do everything now. And his blitzkrieg closed the border, shut the border down. Very successful. The deportations, we don't know yet, okay? But they're actively underway. Elon Musk, Doge, you know that boom, boom, boom, boom. No easing in this one because there are so many nations involved. Might have been better if we eased into it. Okay. I think that things are going to work out. I think 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 advantaged gold. IRA can protect your savings from inflation, recessions, and more. You can even roll over your 401k or IRA tax and penalty 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. 8663-265576-86326-5576. Or you can text BILL to 998-899 again, 866-326-5576 or text BILL to 998899.

Josh Hammer (10:22)

Like a bull in a china shop, Donald Trump came in to drain the swamp in Washington, D.C. but with his bold reform and rejuvenation agenda comes so many legal questions nationwide. Injunctions, are they constitutional? What's the deal with birthright citizenship? What about the administrative state? Can he actually clean the deep state and end the politicization of the federal bureaucracy? I'm Josh Hammer, host of America on Trial with Josh Hammer. Subscribe to America on Trial with Josh Hammer for your daily updates on all of these questions and more.

Bill O'Reilly (10:53)

And that's the memo. So right before we went to air, do you know who Ursula von der Leven is? I'd probably say no. Last name? Lan Ursula von der Leyen. She is the commissioner of the eu, Ursula, Brussels. She announces that the EU wants zero for zero tariffs. No tariffs on either side. Big dude. As she made the announcement, stock market comes up. Just keep that in mind. Okay, so Ursula said we don't want any of these tariffs now we want to do away with all of them. Good, good. Let everybody compete. Ursula, Donald Trump. Now this is if this happens. Okay? And Ursula says chemicals, pharmaceuticals, rubber, plastic, machinery and cars. No tariffs. Now it'll be interesting to see how the hate Trump media. This is good for Trump, but caution, okay, this is just verbiage now. I'm sure there's a lot of other stuff in there, but I'm just reporting what I know. Hey, Bill O'Reilly here. Under President Biden, we saw the American dream slip away from any because of record spending, open borders policies that ignited inflation. But that's all changing. President Trump has laid out a vision to restore American prosperity. And I want you to consider what we have in this vision. So please join me and investment expert Alexander Green for a special event called the Rebirth of the American Dream, where we will reveal Donald Trump's plan to eliminate inflation while supercharging growth. How a new wave of AI could create unprecedented wealth. Details on six Pacific stocks. The potential through the soar in Trump's second term and a complete road back to achieving your own American dream. Plus, everyone who attends gets a chance to claim a free copy of my number one best selling book, Confronting the Presidents. Please visit trumpsamericandream.com now to secure your spot. Let's get another point of view. And as Doug Schoen, 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?

Doug Schoen (13:37)

I think you're basically on the money, Bill. We're in the midst 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.

Bill O'Reilly (14:06)

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?

Doug Schoen (14:24)

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.

Bill O'Reilly (14:41)

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, 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?

Doug Schoen (15:22)

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. 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 have it. 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.

Bill O'Reilly (16:19)

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 said, is up and down and in and out. But the market can come back. I firmly believe that. I mean, 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 got to 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.

Doug Schoen (17:00)

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, don't look, don't look.

Bill O'Reilly (17:19)

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?

Doug Schoen (17:57)

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.

Bill O'Reilly (18:13)

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.

Doug Schoen (18:25)

Yeah.

Bill O'Reilly (18:26)

Who's going to step up on the Democratic side?

Doug Schoen (18:31)

We don't have a leader in a midterm. You can win a midterm as your talking point. Mamo, your word was grisly. I think the results can be grisly. 20, 28, we don't have a leader. There's nobody on the horizon. Agree with the overall assessment.

Bill O'Reilly (18:47)

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

Doug Schoen (18:53)

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

Bill O'Reilly (18:57)

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 you in the game. Okay. That if you tear down a president that's hard to reverse. So you saw with Biden. So Biden just 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?

Doug Schoen (19:55)

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.

Bill O'Reilly (20:16)

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 shaky. How do you see that?

Doug Schoen (20:35)

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.

Bill O'Reilly (21:00)

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

Doug Schoen (21:08)

Thank you. Always.

Bill O'Reilly (21:10)

We'll see you soon. All right. So most of the media doesn't understand what tariffs are, and then they don't really care to understand that little recap I gave you about smoot, Hawley and JFK and the 1974. You'll never get that anywhere else. And you won't. And I'm not bragging, I'm just stating a fact. You'll never hear it anywhere else. They don't know what this is. The corporate Media, this is the top of the line, okay? But they have no interest in it because their interest lies in feeding, spoon feeding, whatever their audience wants to hear. Okay? So NBC Comcast is the worst because they run MSNBC and they're actually provoking panic in this country. Roll the tape.

Josh Hammer (22:02)

So I think although the election was certainly a huge disappointment, a shock to some people, Americans are not sitting back. They're not hiding under their beds. And I think the press frankly hasn't really covered the mainstream, the corporate, the billionaire press has not really covered the full force of the anger and the widespr determination of the American people. So I think this is just the beginning.

Bill O'Reilly (22:29)

Yeah, because that's what he wants to think. Okay. And then when it doesn't happen, you know, here we don't do that. All right, so here we say this is a situation today. This is the indicator of where it's going. We don't talk. I. Over the weekend I was emailing Chris Cuomo back and forth and he wanted to talk theory of tariffs. I had no interest in the conversation at all. I'm watching the Mets, I'm watching the Islanders. I said, cuomo, I don't want to talk about economic theory of tariffs. What good does that do? If you want to talk about the pain that people are experiencing now, the psychological pain, I'll be happy to talk about that. But you know what Milton Freeman once said, I couldn't care less about that. It doesn't mean anything to anybody. But you're going to hear a lot of that theory on the television pundit level. I mean, take it to lead it. All right, There's a group called Quiver Quantitative, no idea, can't tell you whether it's good or it's bad. Got an analyst that follows the wealth of one Nancy Pelosi, okay? And there's no question that over her career in the House of Representative, Ms. Pelosi has amassed tens of millions, maybe hundreds of millions of dollars because her husband Paul is a stock trader. Now, you can ascribe corruption to that if you want. I don't know. I don't know. I don't think she's violated any law, Nancy Pelosi, but maybe she has. I don't know. But anyway, this outfit says that since the first of the year 2025, the Pelosi's together have lost $23 million in the stock market. Okay? Doesn't put a percentage on or it doesn't say how they know that. That's a little disturbing. And it's printed in the Daily Mail, which is a piece of garbage. Okay, so, but it's my duty to report stuff in a public domain. 23 million. This is what they say they've lost mainly because they have a lot of tech stuff out in the Silicon Valley area. And then the tech stuff gets hit hardest if you are an investor. But it also goes up the fastest, particularly with this AI on the horizon. But it is a dangerous game, investing in stocks. It never been for the timid, but it's part of capitalism. But you got to understand what you do it, it can go up and it can go down fast. Trump and Netanyahu, Strange. So Bibi flies in last night to D.C. okay. He meets with Commerce Secretary Howard Lutnick. And the USA is opposed to 17% tax on Israel tariff. Okay, so they're talking about that. They'll work that out. And then Netanyahu and Trump meet today. But they were supposed to have a joint press conference and they're not going to have it now. There's going to be some Q and A, but it's not going to be what it was. And I suspect that's because all of the questions would have been about the tariffs, not about Gaza or Israel or like that, almost all of them. So they canceled it. Now maybe they'll reschedule it after we finish taping, I don't know. But that's what happened in Washington today. Russia latest. So Putin continues to kill people. That's the latest. He really hasn't subsided. The Kremlin says, yeah, we want a truth proposal, but we're not going to stop killing people. So what's going to have to happen here? And I think it's going to happen fairly quickly, that Trump's going to have to get tough on Putin. By getting tough, it's going to have to slap or threaten a slap. Big bank sanctions on them and more sanctions on Russian oil. In addition, don't be surprised to see US Troops move from Germany to Poland big time. Don't be surprised because if Putin's not going to be constrained, United States and NATO, I'm going to have to stop them. That's it. Not going to let them take Kyiv. So for all you people who are rooting for Putin, not many of you, but there are a sliver of the American public rooting for Putin. That rhymes rooting for Putin. He's not going to take Ukraine. They get a little of it, but he's not going to take the whole thing. It's not going to happen. Because if Trump allowed it to happen, Trump would be like Biden in Afghanistan. Virtually impossible for Donald Trump's psyche to accept. That smart life. So we've had a surge in concierge membership over the weekend. It was big. And we welcome all our new. Now. The reason is that people are scared. And when they're scared, particularly with money matters or war, those are the two. War, violence, money. They try to seek people who will tell them the truth. We will. And here's why. As I mentioned before, the television news agencies, they are now programming for the choir. They're giving people what they want to hear. And you know that. You have to know it. And the network news does it too. So they do research. They find out, is my audience liberal? The view. 99% of women who watch the View are liberal. And so that's what you're going to get. Didn't used to be that way when Barbara Walters was run, but now it is Fox News. 95% of viewers who watch FNC Armaga love Trump. 95. So they can't not support Trump. Once in a while, maybe, but no. Cnn, liberal, msnbc, liberal. All three networks liberal. Newsmax, conservative. I don't think there is one American in this country who's not conservative watching Newsmax. Not one. Fox probably got about 10 at this point in history. Okay, you know what our target audience is here, billoriley.com, which is, you know, where we're based. But the no spin news that you're watching and listening to now, you know who our target audience is. Honest people. We don't care what you are. All we want you to be is honest. Honest people seeking information. That's what Tokyo is. Get in what you believe. I want your beliefs to have some heft, to have some backup. So we give you as much backup as possible. True, true backup, okay? And you take it and do with it what you want. But when we are in a calamity, and that's what this tariff stuff is, okay, you need accurate analysis and facts. You're not going to get them anywhere else. You're not. They're going to poke it over to the side that they're trying to recruit. We don't do that. And that's why we're seeing the surge. Final thing here is wherever I go, and this is both good and bad, because people know me, all right? My Q is like 85%. A Q rating means how many people in the country know who you are? It's the sky high. Older people in particular over the age of 60, 65 go. We miss you on television 100% of the time. They say that to me. And I go, well, we're still on television. And then there's a blank look that comes across like this. I said, yeah, we go, we have below Riley.com we have no spin news. We have our YouTube channel. You can see me every day, every way. It's not in their world. That world does not exist to the older American. Not everybody, of course, but they don't know that world. Bill O'Reilly.com and a podcast and they don't consume it. They're locked down to linear television remote thumb click. Don't go over into the other realms. Now younger people can't believe that actually happens because younger people are totally opposite. They're in the social media and that world exclusively. They never watch the nightly news or Good Morning America or cable news. Never. My kids don't watch it ever. And their friends never watch it because I ask them. So you've got this huge divide now. But now some people are going, you know, it's reached a point where I gotta have honest information and a smart life play is to stay with us. I'm going to quote George Orrington from Maine. I'm sorry, George from Orington, Maine. Sorry, George. Great column on Terrace Bill. I gave up listening network news years ago. Been watching you in the no spin news on YouTube and on YouTube. Worth it. Now George lives in Maine, Orrington, Maine, which is a small little town. And he's on it. He's on it. And it's just one of millions. Spring break bad news if you're going to Bahamas. State Department has issued a Level 2 travel advisory for the islands. Travelers quote, exercise increased caution due to rising crime and recent shark attacks. All right. Now I've been to the Bahamas dozen times. Waters there are fantastic. I love to go diving and snorkeling and in the Bahamas never seen a shark. Tough currents out there. So if you're going to go snorkel, you got to have people with you. Beautiful water resorts, they're okay. Paradise island resorts and you're safe inside the resort area. But you're wandering around the Bahamas at night, you're not safe. You're not used to being no longer a lot of drugs. When there are drugs, there are drug addicts who need money will hurt you to get that money sharks. You know, if you're going to go to the Caribbean anywhere, it's a million and one shot you're going to encounter one. But they're there. That's where they live. So they're State Department to go. Bahamas may not be a good idea. Mexico is not a good idea. So Florida and you know, some of the other Caribbean islands stay in history. April 7, 2012. Mike Wallace dies. Now, as some of you know, he was a friend of mine, personal friend, best TV news interviewer ever. I learned an enormous amount from Mike Wallace. Enormous. I'm going to show you a clip and just exemplifies how good this man was. Go.

FanDuel Advertiser (34:54)

Imam. President Sadat of Egypt, a devoutly religious man, a Muslim, says that what you are doing now is quote, a disgrace to Islam and he calls you Imam. Forgive me, his words, not mine. A lunatic. I know that you have heard that comment. Yes, that's what I heard President Sadat say on American television, that the imam is a disgrace to Islam and he uses, use the word a lunatic. Sadat states he is a Muslim and we are not. He is not. For he compromises with the enemies of Islam. Sadat has united with our enemies.

Bill O'Reilly (36:00)

Now the ayatollah is on the COVID of confronting Evil. But handle Wallace handled that about as well as you could handle it. And it was gutsy. I mean, they're in Tehran anyway. Mike Wallace whole career at CBS started off as an entertainer and then he grew into probably the best, well, 60 Minutes. He made it. He made it. 20 Emmys, three Peabody's for Mike Wallace. He died 13 years ago today. All right, back with a final thought on tariffs. Here is a final thought of the day. It is natural for you, for me, for everybody who invests to be worried. That is a natural thing. But like everything else in life, you have to discipline yourself in the worry area. There's nothing you can do about it. Nothing other than consume information and know what is happening day to day. And that's why we're here, as I explained. But you're not going to change Donald Trump, he's in for three years and three and three quarter years. I think we should be praying for our country. Holy Week's coming up. I'm going to pray for our country. But it's natural that you feel a little uneasy. I am. I don't like to see my portfolio decline. I work hard for my money. I bet you do too. I don't want it to disappear, particularly if some of these errors are being made when they don't have to be made. But there's nothing we can do. So accept the worry. Discipline yourself, look for diversions. I'm watching a lot of sports, you know, gets my mind off it. I'm reading a bunch of books. Okay, I'll tell you about them. You know, I want to read the book before I recommend it. You know, sometimes a book isn't that great. I'm not going to recommend it if it's not great. But I'm diverting my attention away. I'm not walking around all day thinking about tariffs. Don't do that. That'll hurt you physically and mentally. All right. So natural for you to be worried. Discipline yourself in that area. I'm optimistic. If I thought the whole thing was going to go over the side, I would tell you. I tell you like that. But I'm still maintaining some optimism here. Thank you for watching and listening to the no Spin Known all this week. We're on it. We'll see you tomorrow.

Home Depot Advertiser (38:52)

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Doug Schoen (39:18)

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