Bill O’Reilly’s No Spin News and Analysis - The O'Reilly Update, April 10, 2025

Episode Date: April 10, 2025

China 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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Starting point is 00:00:37 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.
Starting point is 00:01:04 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
Starting point is 00:01:43 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.
Starting point is 00:02:18 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.
Starting point is 00:02:50 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.
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Starting point is 00:04:00 Ships Registry Bahamas. 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
Starting point is 00:04:25 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,
Starting point is 00:05:22 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.
Starting point is 00:05:49 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.
Starting point is 00:06:08 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.
Starting point is 00:06:33 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.
Starting point is 00:06:55 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.
Starting point is 00:07:17 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.
Starting point is 00:07:55 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,
Starting point is 00:08:13 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
Starting point is 00:08:24 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
Starting point is 00:08:38 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,
Starting point is 00:08:50 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.
Starting point is 00:09:18 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
Starting point is 00:10:02 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.
Starting point is 00:10:50 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. I just mailchimp my marketing. You mailchimped your what? I mailchimped my marketing with AI to create an effective marketing campaign. in minutes. No, MailChimp and Way. Yes, MailChimp and Way. Now I can hyper-personalize my campaigns
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