Bill O’Reilly’s No Spin News and Analysis - The O'Reilly Update, October 29, 2020
Episode Date: October 29, 2020The presidential election now 5 days away, Philadelphia imposes a curfew to stop the riots, Disney World fires more workers in Florida, the UK cancels Christmas over CoVID, 8 in 10 Americans now serio...usly stressed-out over the country’s future. Plus, Bill's Message of the Day, what will happen to the media AFTER the election? Learn more about your ad choices. Visit megaphone.fm/adchoices
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Bill O'Reilly here, Thursday, October 29, 2020.
You are listening to the O'Reilly Update.
Here's what's happening across our nation.
The presidential election now five days away.
Philadelphia imposing a curfew to stop rioting.
Disney World fires more workers.
The UK cancels Christmas over COVID.
Eight and ten Americans now seriously stressed out over the
country's future. Also ahead, will the collapse of the media directly affect how Americans vote?
But first, more than 75 million of us have already cast ballots for either Joe Biden or Donald
Trump. Ladies polling says the two candidates basically are tied in 10 battleground states.
The president targeting the media in his final pitch to voters saying, quote, we don't have
freedom of the press, we have suppression of the press. More on this in the message of the day.
Philadelphia ordering a citywide curfew to stop protest violence. All residents told to stay
inside between 9 p.m. and 6 a.m. More than 250 people have been arrested since rioting started
earlier this week following the police shooting of a man wielding a knife. At least 45 officers have
injured, as another liberal-run city veers out of control. Disney employees in Orlando, Florida,
facing another round of layoffs. The corporation firing live performers from attractions and
restaurants throughout the park. Some productions have been running since 1974. Disney has lost
more than a billion dollars in revenue since COVID struck in March. Authorities in the UK
warning residents there against congregating for Christmas. Officials threatening to physically
break up gatherings of more than six people in London and other major cities. Great Britain now
witnessing roughly 20,000 new cases of COVID each day, the highest since April.
83% of U.S. adults report severe anxiety over the fate of the nation. Another 72% believe America
is at its lowest point since the Revolutionary War.
A majority cite racial tension, COVID,
and the impending presidential election
as a source of stress.
But things will get better.
First strike, the vaccine.
However, things will not improve for the corrupt media.
That is next.
Let's face it, the U.S. economy is under stress.
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Time now for the O'Reilly Update message of the day.
No matter what happens on Tuesday, the American media will be the big loser.
From George Stephanopoulos asking cupcake questions of Joe Biden to 60 Minutes correspondent
Leslie Stahl telling President Trump there is no verification.
of spying on his 2016 campaign to the failure to cover at all financial questions regarding
the Biden family. The media has been a disaster this election year and is now a totally corrupt
industry. There's no doubt about that. Corporations control 90% of the national news.
flow. When President Trump leaves office, that could be four more years or it could be for more months.
When that happens, the television news industry will collapse because Americans, no matter what
their belief system, no, they cannot depend on TV news or their major newspapers for honest
information. It's quite clear. Now, I know all the players. I know George Stephanopoulos. I know Leslie Stahl.
And I have to say that I'm surprised that they would go in the tank for Joe Biden. But maybe I'm the
one that's naive. Maybe I'm the one that's not seeing clearly because from the very beginning
of Donald Trump's quest for the White House, the corporate media has looked upon him as a
vulgarian. And then, against all odds, when he won the presidency four years ago,
the press was appalled. There are two reasons. Mr. Trump's personal style offends the fat cats
in the corporations. And secondly, he has embraced the conservative movement because they
are his core supporters. And the corporate media in America is decidedly and fervently liberal.
So you could make a case that Donald Trump has really destroyed the American media because they
hate him so much that they've corrupted their coverage of politics. And it's true. There's no
two sides to the story. The Hunter Biden situation, whether you think it's important or not,
is a legitimate news story. It is being blacked out by the major networks, by the major newspapers,
and by two out of the three cable news operations. That means you cannot get information about it.
Again, whether you're a liberal or conservative, that's a fact.
So why on earth, after the presidential election is over, would you invest any time in the
American media? They are not going to tell you the truth. Will anyone think that George
Stephanopoulos, ABC News's chief correspondent, is worth listening to anymore? Anyone? And 60
minutes, Mike Wallace, the late Mike Wallace, he must be rolling over.
The American media is done.
I'm Bill O'Reilly, and I approve the message by actually writing it.
In a moment, something you might not know.
Power, politics, and the people behind the headlines.
I'm Miranda Devine, New York Post columnist, and the host of the brand new podcast, Podforce One.
Every week, I'll sit down for candid conversations with Washington's most powerful disruptors,
lawmakers, newsmakers, and even the President of the United States.
These are the leaders shaping the future of America and the world.
Listen to Podforce One with me, Miranda Devine, every week on Apple Podcasts, Spotify,
or wherever you get your podcast. You don't want to miss an episode.
Now the O'Reilly Update brings you something you might not know.
91 years ago today, more than 16 million shares was suddenly sold on the New York Stock Exchange,
billions of dollars lost, thousands of businesses went under. Millions of Americans saw their savings
disappear in minutes. October 29th, 1929, also known as Black Tuesday, the beginning of the Great Depression.
The USA and the rest of the world would plunge into a decade of the longest-lasting economic downturn in the history of Western civilization.
But what exactly caused the crash?
Well, during the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, after a period of rampant speculation during the roaring 20s.
That meant folks were borrowing money to buy risky stocks.
Prices began to decline in September, 1929.
On October 18, the fall began.
Panic soon set in.
Millions of people ran to their banks to withdraw their money.
Others immediately sold stock at any price just to get out.
By 1932, three years later, the U.S. stock market was worth
just 20% of what it once was. Nearly half of America's banks had failed. President Roosevelt's
new deal struggled to revive the economy and had a little success, but it was America's
entry into World War II years later that really relaunched the stock market and the American
economy. Investments in mining, steel, energy, and agriculture help propel the USA to the
strongest economy on earth by the end of the war in 1945.
And here's something else you might not know.
One of the biggest factors behind Black Tuesday's rapid meltdown was the aging infrastructure
on Wall Street.
Old technology and a rapid rise in volume meant tickers were running hours, even days
behind.
By the time people realized what happened, fortunes were lost and lives were ruined.
To fix the problem, New York City officials,
installed new cable systems and a backup generator.
Most of that equipment still used today.
Back after this.
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to the O'Reilly update. I am Bill O'Reilly, no spin, just facts, and always looking out for you.
Thank you.