Bill O’Reilly’s No Spin News and Analysis - The O'Reilly Update, April 10, 2025
Episode Date: April 10, 2025China chooses poorly, funding pulled, a major bust, and the “no more rogue rulings” act. Plus, the Message of the Day, why capitalism is unpredictable. Learn more about your ad choices. Visit meg...aphone.fm/adchoices
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Bill O'Reilly here. You are listening to the O'Reilly update.
Coming up next, the news with Mike Slater.
Thank you, Bill. It's Thursday, April 10th, 2025.
Here's this happening today in America.
China chooses poorly.
Funding pulled, major bust, and the No More Rogue rulings Act.
That's all coming up, and Bill's going to be here with your message of the day.
First, Donald Trump wrote on truth social that the tariffs charged to China by the United States
will increase to 125% effective immediately.
And he said that because over 75 countries have called him to negotiate a solution to the trade
barriers and tariffs and currency manipulation and non-monetary tariffs.
These countries have not retaliated in any way, the president said.
So I have authorized a 90-day pause and a substantially lower reciprocal tariff during this
period of 10% also effective immediately.
Treasury Secretary Scott Besson said the U.S. is moving towards
trade agreements with key allies that will form the basis for a united economic front against
China. China has imposed an 84% tariff on all American goods sold in China, but we sell only one-fifth
to them as much as we buy from them. So they sell five times as much to us as they buy from us.
So this trade war will hurt them way more than hurts America. It's not just foreign countries either.
Cornell and Northwestern University have had federal funding pulled over a billion dollars,
at the Ivy League School, Cornell, and $790 million at Northwestern.
This administration has threatened to block federal funding for schools over
pro-Palestinian campus protests, as well as DEI programs and transgender policies.
Last month, they sent a letter to 60 universities, warning them what will happen if they don't
crack down on these issues.
Last month, the Trump administration canceled $400 million in funding to Colombia, and last
week, the U.S. government announced a review of $9 billion in federal grants and contracts
to Harvard.
Department of Justice and the Coast Guard busted 45,000 pounds of cocaine valued at over
$500 million.
Our attorney general and FBI director were at Port Everglades in Florida, saying we have
saved thousands and thousands of lives as a result of this incredible cooperation.
We believe two cartels, C.JNG and Cinelloa, were heavily tied to these shipments.
Bondi said that 11 people were arrested in connection with this operation.
The Coast Guard says they have seized over 59 metric tons of narcotics just since February.
The House of Representatives passed a bill yesterday to limit a federal judge's ability to affect the Trump administration on a national scale.
Congressman Darrell Issa wrote the No Rogue Rulings Act, which limits a district court's power to issue U.S.wide injunctions.
Instead, forcing the court to focus the scope on the parties directly affected in the case, the Trump administration has faced more than 15 nationwide injunctions.
A few have already been stopped by the Supreme Court, delaying things just a couple weeks.
I'm Mike Slater from the podcast, Politics by Faith.
Bill O'Reilly has your message of the day.
Next.
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Time now for the O'Reilly Update, message of the day.
On this Thursday, capitalism is hard.
In our economic system, you have to compete for prosperity,
prove yourself in the marketplace,
even if you have a marginal job.
You move up based upon effective work and honest effort.
Also, capitalism gives individuals a chance to invest
in order to grow assets, buying a home, purchasing stocks and bonds, starting a business of
your own. But there is no guarantee the investing process will be successful. And unlike your
work profile, you have little control over that. Reverses in investment are on display right now
with the tariff controversy, but then we have stocks going up depending on what president
Trump says. Millions of Americans don't like this uncertainty, and I am one of them.
But I knew the risks when I bought the shares. Capitalism can be very rough and unpredictable.
On the other hand, socialism is easy. A big government dictates how the economy works,
what you can and cannot have. Many rules and regulations. In return, you get some security,
education, health care, retirement, welfare, if you're infirm.
But you must do what you are told to do in the marketplace,
and you cannot make it big.
Now, many people prefer the easy way.
Most of Europe, China, Russia, on and on.
And here in the USA, we have Bernie Sanders.
We have Elizabeth Warren.
But most Americans don't want socialism.
Capitalism works.
I'm Bill O'Reilly. I approve the message by writing it.
You can reach me. Bill at Bill O'Reilly.com.
Bill at Bill O'Reilly.com.
Name in town, if you wish to opine.
The mail.
Wayne is a concierge member.
Wayne has a direct line to me.
Concierge membership on Bill O'Reilly.com.
Wayne says for China, now power play.
Moment they decided they weren't going to negotiate, there would be no going back.
If she gives any, it looks weak.
And more importantly,
He cannot afford to look weak amidst all of China's economic problems.
Well, China's going to have more economic problems, Wayne.
They need this market.
China desperately needs to sell his products here.
So Xi will negotiate.
That will happen.
I don't know when.
I'm hearing maybe June there'll be a meeting between Trump and Sheet.
I hope.
We don't want a war with these people, economic war, but they have to sell here.
where their economy will collapse.
Terry DiBold, Topeka, Kansas, thanks for analysis and history on tariffs.
I'm glad Trump is standing up for the USA.
What gives with the decades of silence and acceptance by our political class and media over tariffs
and trade barriers against the United States.
What gives is it doesn't affect people directly.
They don't know about it.
Okay?
So I said to Hannity again today.
Donald Trump is going to put tariffs on pharmaceuticals.
coming in from abroad, better be careful on that because senior citizens cannot pay any more
for medicine here in this country.
That's direct, okay, buying medicine, buying food, buying a car, buying whatever.
People don't factor in tariffs on that, okay?
That's why every politician, every president, since Harry Truman ignored the tariff thing,
because it didn't directly affect the people,
they didn't know it.
Good question, though, Terry.
In a moment, something you might not know.
I'm doing to my family,
because we're going to Burlington
for the event of liquidation candidate.
We're now,
to find the better of the better in articles of liquidation,
from a wrap,
to decoration of the home, and much more.
With offers, over-offertas.
I can go to every day
to be how to earn.
My kids and I
expect us with anxia is the liquidation
because it's very
calient to lose
Burlington,
Marks, Rebaugh, Wow.
Now the O'Reilly Update
brings you something
you might not know.
55 years ago today,
Paul McCartney
confirmed his breakup
with the Beatles.
The announcement ended
the most successful band
in music history.
Here is the story.
Beetlemania swept the USA in
1964.
After the group appeared,
on the Ed Sullivan show.
Prior to their TV debut, advanced copies of their single
I Want to Hold Your Hand were shipped
to radio stations all across America.
The Fab Four sold one million albums in the first month.
For the next six years, the Beatles had 25 number one hits,
selling 600 million records worldwide.
Talk about records.
Beginning in the late 1960s,
Tensions rose between the band members.
George Harrison quit, then rejoined the group three times.
John Lennon and his girlfriend Yoko Ono were arrested for drug possession.
McCartney began working on side projects with his wife, Linda.
Soon the group was a tangled set of business and financial relationships, none of which
went well. On April 10th, 1970, Paul McCartney was speaking with reporters to promote his first
solo album. As one journalist, do you foresee a time when Lennon McCartney becomes an active
songwriting partnership again? McCartney said, no. That statement shattered the band. One month
later, Lennon told Rolling Stone magazine, quote, he can't have it his way, so he's causing chaos.
I put out four albums last year, and I didn't say an effing word about quitting the Beatles.
Well, by year's end, the group was officially dissolved.
And here's something else you might not know.
Despite calling it quits in 1970, the Fab Four remained one of the most popular bands in the world.
Songs and the Beatles are streamed two billion times each year.
They're the second most listened to rock group on Spotify.
Number one, Queen.
If you really want to know the inside story of McCarthy's disenchantment and Leonard's reaction,
you might want to read my book, Killing the Legends.
Back after this.
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Thank you for listening to the O'Reilly update. I am Bill O'Reilly, no spin, just facts,
and always looking out for you.