Bill O'Reilly on Brokering a Secret Hostage Release Deal

0:00James Altucher:Today on The James Altucher Show. So Jake Sullivan was a national security advisor under President Biden. And he called a friend of mine and said, look, can O 'Reilly set up a meeting between Biden, not the man, but his foreign policy people and Donald Trump? So my friend said, you know, if anybody can do it, it's O 'Reilly. and I did it. And it led to four hostages being released. I can't get on CNN. They never booked me in a million years. Even though when I go on any show, their ratings go up. So what's the deal? Why are you blackballing non-liberal authors? This isn't your average business podcast and he's not your average host.

0:55James Altucher:This is the James Altucher Show.

1:08James Altucher:After the election, you know, before Trump was sworn in for a second term, Biden's national security team needed to reach the president-elect about the hostages in Gaza. And they, like, couldn't get through. So who do they call? Bill O 'Reilly. And Bill says he basically set up the call, he moderated it, didn't offer a single opinion. And, you know, about two weeks later, four hostages were released. And that's kind of the whole book. Confronting America, What Has to Change? Bill was in the room. He names names, no anonymous sources. I mean, it's Trump, it's Mamdani, it's Soros, it's even like Paul McCartney and David Letterman.

1:49James Altucher:In 1996, Bill launched the O 'Reilly Factor, which was, you know, an opinion show that actually said it was an opinion show. And it became one of the biggest hits in cable news history. And now he runs like three media companies of his own. Fair warning, I was kind of more opinionated in this one than I usually am. Bill has really strong views on the media, on Iran, on New York City, and I think I only played devil's advocate like once. So, you know, listen and decide for yourself. And at the end, I asked him about his father's last words, which were about never reaching his potential, and whether Bill feels like he's reached his.

2:26James Altucher:And I kind of expected him to say he's still chasing it. He didn't. This is Bill O 'Reilly.

2:41James Altucher:First off, Bill, how are you feeling? You mentioned in the book in January you were sick. What was going on? Well, I'm an old guy, you know. I got a little ailments here and there, but we're trucking along. So appreciate you asking. We're okay. All right. Well, stay healthy and keep writing these books. This one I feel was a little more personal than a lot of your books. It's not like, you know, killing, you know, XYZ. This is like, you name people, you name names, you say what's wrong with them, and you take no prisoners. So what was going on? What inspired the book? eyewitness history so when you've been around as long as i have you see a lot of things been to 90 countries i know everybody even you james i'm nobody but yes when somebody is doing something whether it's good or bad i can usually get to them and either discuss the situation or have them on one of my broadcasts or whatever maybe be.

3:42So over the years, I've interviewed five presidents. And so I decided to basically put down who these guys and gals are and some of the mistakes they've made, some of the good things they've done. But it's not a melt-toes thing. It's a very sharp point of view. We have this problem. Why aren't we fixing this problem? Here's the solution to this problem. And that gets some people upset, but you know me, I don't care. I just wanted to write a book that was informative, no anonymous sources, as you pointed out. All the names are right there, and you'll learn a lot if you read it.

4:23James Altucher:There's a lot of interesting stories where you were in the middle of some pretty big situations. I had never heard the story of you kind of almost brokering between the Obama White House and President-elect Trump. Can you describe that story? Well, there was a situation when Trump was elected the second time. He wasn't yet sworn in. Where the Biden administration wanted to get to President-elect Trump about the hostages in Gaza. And they couldn't get him. So Jake Sullivan was a national security advisor under President Biden. And he called a friend of mine and said, look, can O 'Reilly set up a meeting between Biden, not the man, but his foreign policy people and Donald Trump.

5:17So my friend said, you know, if anybody can do it, it's O 'Reilly. And I did it. And it led to four hostages being released. So I did it because I'm an American citizen and I don't want people hurt. I didn't do it for politics. And it was a fascinating discussion. I was the moderator of the discussion. I did not offer an opinion. And Donald Trump, to his credit, was on it, knew everything about it, and he had to sign off, or B.B. Netanyahu would not. Netanyahu was looking for Trump to sign off on the mechanics of the deal. And about two weeks later, the hostages were released.

6:01James Altucher:And why did Netanyahu depend on, like, was it something America had to do? Why did Netanyahu wait for Trump's approval on this? Because he didn't want to alienate Trump. He didn't want to do something out of the Trump umbrella when the man was just elected president for the second time. So he wanted to have security that President Trump was okay with this. That's why he did it. And do you think that their relationship has held on? I don't think Trump has any regrets about Iran, but do you think he has any kind of misgiving at all that this has gone on very long? And do you think Bibi and Trump still have as close a relationship?

6:45James Altucher:Hard to say. When this all started, I said to the president and to my audience, this is the biggest risk Donald Trump has ever taken in his life. his whole life, dealing with these mullers who couldn't care less who they kill, their own people, whatever. It's a very, very difficult thing to deal with these people or they would have been dealt with before. So the president believed that he could knock them out fast. Did not happen. And here we are five weeks before the midterms, and it could cost the Republican Party the majority on the Hill. It was, I think that the thinking about what to do with Iran was okay, but they didn't take in the unintended consequences if the initial hit didn't work.

7:45James Altucher:If you were to guess, like, what do you think would happen right now? Well, I don't have to guess on anything. What do you want to know? Like, okay, what's going to happen right now? There's a column in the Wall Street Journal by David Petraeus, former CIA chief, honest guy, knows what he's doing, says Iran's on the brink of collapse. That's what the Trump administration's waiting for. Because once that happens, if it happens, the prices in America and worldwide will go down fast. So they're hoping that Iran is this close to going under. because they don't have any food. Let me just say, I can't get anything in there.

8:27And Hormuz, according to Petraeus, is open. They're getting the tankers through. Oil's coming out of there. So Iran is losing what leverage it had. Again, this is according to David Petraeus. And that's what President Trump is waiting for.

8:44James Altucher:And so it's really interesting because often I hear insights like that and yet the media doesn't really cover this story very well. And this is true for many stories, not just what's happening in Iran. It's true for anything from AI to Israel to whatever. And it's so disappointing. Like, what is it, why is the media, sure, they're against Trump, but why is the media so skewed against reporting what could be potentially good news? It's always like fear news. Because the people who run these operations, Disney, NBC, CNN, they hate Trump. Viscerally hate his guts. They want to hurt him. So they're not going to report anything that makes him look good.

9:38So almost two weeks ago, there was a story that broke that at this point in history, American families have more assets than they've ever had. and a lower poverty rate than they've ever had. CNN blacked that story out, did not mention it. Inconceivable, inconceivable. They did it because they despised Donald Trump and they want him to get slaughtered in the midterms.

10:07James Altucher:So I'm going to play, and I agree with you, but I'm going to play devil's advocate for a second. Usually any given year, let's say from, let's just say since the financial crisis from 2010 to now every year americas have had americas have had greater assets than they've ever had before so it's not necessarily a news story i'm just playing devil's advocate well it's new and the stats are new and you know it keeps going up and up and up and all you hear about is gas and food prices because they have an immediate impact on the American consumer, while, you know, a collaboration of every household doesn't.

10:48But if you look at the design of the economy, the American economy, it's strong. But the corporate media is never going to admit that, ever in a million years. They'll always punt back to gas prices and food prices, always. So is that good reporting? Is that fair reporting? Do Americans benefit from that? I don't think so.

11:09James Altucher:And I agree with you, like particularly the oil thing, like this, the fear across the economy even led to the Federal Reserve, obviously raising interest rates last week, despite the fact that inflation is just a supply shock relating to oil and the war, but everybody thinks the war is gonna go on forever in contradiction to what Petraeus said and what you just said, so oil prices will go down. But potentially this media fear that's sort of put out there is very dangerous. But here's the question. A lot of the bias in the media, I feel, was almost started or maybe made more overt when shows like yours, when you were on Fox, you know, became much more subjective as opposed to objective.

11:52James Altucher:Now, I appreciated your show because you say what you think and you had an opinion and you admitted you had an opinion. You weren't like a sort of a standard, you know, here's the news today kind of show. So how do you feel things have veered since you had kind of one of those first subjective sort of shows? Well, when I came on the air in 1996, I mean, it clearly stated to the audience that this was an op-ed show, whereas every newspaper has pages devoted to opinion and counter-opinion, whatever. But television didn't have it. So I started it. You know, why not? That's what people wanted. That's what they responded to, and we became the biggest success in cable news history.

12:36Now, though, it's been carried to such an extent that the corporate media, Hollywood, Democratic Party kind of merged together. And this is where when you're suing to keep CNN and Politico and MS out of the White House, this is what the judges are going to have to look at, the Supreme Court judges. Never before in our country has there been a corporate move on the media to merge and help a political party. Ever. It was always, we'll criticize the parties, okay, or we'll praise them. But we're not going to be in business with them. And that's what happened. so people go oh madison and and benjamin franklin and jefferson they would be appalled no i wouldn't they'd be appalled that the corporations have thrown in with political parties that's what they'd be appalled with using the first amendment to do it and they're going to be fascinating to see the discussion among the supreme court justices about that yeah and so you know

13:51James Altucher:Trump just, quote unquote, kicked CNN out of the White House because they said, and at first he started to say it's because they were being negative about him. But then he brought up what I think are the legal points. He said, they don't tell the truth. And he said specifically, they're a national security threat. So I guess those are the questions that the court's going to have to go around. There was a case about this in the Nixon era that you couldn't, if you'd already agreed to let a news organization in the White House, you couldn't really kick them out without due process. It was like a Fifth Amendment kind of ruling.

14:25James Altucher:And I'm wondering what the court case does look like for this. Well, I think that there will be some of that. But the overarching is always an overarching on all of these stories is that we have a corrupt meeting in America. Flat out corrupt. I mean, I'm talking to you on your podcast and I appreciate the invitation to do so because I want people to know about confronting America when it has to change. I can't get on CNN. They never booked me in a million years. Even though when I go on any show, my ratings, their ratings go up. So what's the deal? Why are you blackballing non-liberal authors?

15:09And I don't put myself in a conservative stance. I'm a non-liberal. But why are you blacking that out? Okay, so Victor Davis Hanson's got a big book. He can't get booked. That's corruption. You're not free, okay, a free press if you're knocking out half the country. That's not free. You're playing a game. And Trump is furious about it. Although if I were the president, I would not have booted these three out of the White House. I would have shunned them. I would have given him seats in the back and never called on him. That's what I would have done.

15:54James Altucher:Yeah, it's almost like strategically, did he do the right thing, kind of bringing more attention to them? But maybe he just really hated having them in the room. I don't know. No, but he wanted the publicity. President Trump wanted people to know that we have press corruption and that he's a fighter against that. I see what he's done, but I think he's made that point before. I don't know if he has to make it again when the odds are he'll lose the fight in the courts. Well, you know, it's interesting, though, because it seems like, like you said, the media is sort of aligned with a party. But that party has gotten more and more extreme.

16:35James Altucher:Like, you live in New York City. I lived in New York City all my adult life. I don't live there right now. So, you know, with the election of Mamdani as mayor, you know, it seems to me, and this is where I'll be really biased, seems to me clearly he is not a good thing for New York City. He's not a good thing for the U.S. It seems like when he speaks, like, he either doesn't understand economics 101 or he's willingly doing bad things. What is up with him and why is the Democratic Party, you mentioned him in the book, is definitely one of the culprits that need to be confronted. So why are people falling for his story?

17:16James Altucher:And I'm being really biased. I'm normally not this biased on the podcast. Well, because a lot of people in New York City don't like the establishment. They don't like the fact that they have to live in a small apartment that pay$4 ,000 a month. And they look out the window and there's a billionaire walking down the street. They don't like that. All right? That's called income inequality. And we lead the league here in New York City on income inequality. But it's always been that way. Okay? And unfortunately, many of Mandani voters don't know anything. All right? They don't know what socialism is, what communism is.

17:59They don't know anything. So they voted for a guy who said, oh, I'm going to make life better for you. I'm going to give free this, free that. Never going to happen. But it was better than the other two candidates who were awful. All right. Curtis Lewa and Andrew Cuomo. And that's going to happen in other states. In Texas, that's the only reason Tallarico is competitive, because Paxson is awful. it's as simple as that and I say when you vote in November you're voting for a movement you're not voting for a person anymore and the movement is traditional conservative Republican keep the country the same because it's been the most successful country the world has ever seen or you're voting for the progressives who blow the whole thing up because it's all corrupt and the billionaires have everything and we're getting hosed That's what you're voting for.

18:58There's no in-between. And the Democratic Party has gone into that progressive mindset. I never thought it was going to happen, but it has.

19:11James Altucher:Take a quick break. If you like this episode, I'd really, really appreciate it. It would mean so much to me. Please share it with your friends and subscribe to the podcast. Email me at altitra at gmail.com and tell me why you subscribed. Thanks.

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21:00James Altucher:But it seems like people don't understand how history works. So you look at all of these really horrific dictators throughout history, and let's go to Mao, Stalin, Hitler, Mussolini. They all started from populist movements, you know, that were basically either pretending to be socialist and communist or really were. I mean, the Nazi party is a National Socialist Party. So why do people not realize that a lot of these authoritarian evil empires have basically come from these populist socialist movements, kind of like the way Mamdani is presenting himself? Well, but the book before this is Confronting Evil.

21:45And I got Putin, Ayatollah, Hitler, and Mao on the cover of the book. and they're all totalitarians. So it's my way or you're dead. And it's an easy book to read. It's fact-based. There's nothing in it that isn't true. But I will tell you that maybe 100 % of Mam Donnie voters never read the book. They're not interested in anything but a free bus ride. And that happened because of high tech. so now you can create your own world on this you can spend all day and all night on this creating whatever you want to create so you don't have time for reality anymore no time to read a book you don't have time to do any research it's this all day long that has really dumbed down the electorate and they're going to get it right between the eyes look at california So the Democratic Party is running on affordability.

22:51James, how many times have you heard the word affordability from the left? How many times?

22:56James Altucher:Being, again, from New York City a billion times. Okay. So if you go to California, the most heavily Democratic state in the union, top to bottom run by Democrats, is there anything affordable in California? Anything? Lettuce? Housing's not affordable. Gas, not affordable. Utilities, not affordable. Nothing is affordable. Yet the party is going to run on affordability? I mean, this is, to me, this is so crazy. But it's what we got. Yeah, and why do people buy into it, though? Like, why, you know? Because it's easy. It's easy. Their friends buy into it. They think Mandami is a savior. Meanwhile, neighborhoods are collapsing.

23:46the social order in Manhattan, at least, is horrible. Homeless people run around. They do whatever they want. The sex trade is wide open. Ma 'am Dami's not going to enforce any laws at all. He's pro-criminal. Again, the people who voted for him, they're going to pay for it, but they don't know that.

24:09James Altucher:Do you think he realizes he's wrong on some of these issues, or do you think he believes in these issues? Look, Mamdani is an old Bernie Sanders. That's what he is. So Bernie gets in there and Bernie goes, oh, the beaters. Does Bernie Sanders believe that? Yeah, he believes it. Because people believe what they want to believe. And Bernie Sanders wants to believe that his country, the United States, is corrupt. It's run by oligarchs. That's what he wants to believe. So he's going to believe it. no matter how much evidence you put in front of them. Let's just take a simple example, like Momdani saying, okay, we're going to open up grocery stores where the prices are 20 % cheaper or, you know, when grocery store margins are typically 1%.

24:57James Altucher:So kind of just economics 101, every bodega near, you know, bodega's like a small grocery store. Every bodega near a Momdani grocery store is just going to simply go out of business. And those aren't rich people. It's just mom and pop, you know, running a little store. Like this is just basic economics. Yeah, the delis will go out of business. The bodegas will go out of business. The street guys who peddle the food on a corner in Manhattan, they'll go out of business. But what Mandami's vision is, is, well, those people, we'll take care of them. We'll give them stuff to get them through. We'll give them a house.

25:34Or they'll get increased food stamps or whatever it may be. So that's how he rationalizes it off. Yeah, they may go down, but we'll save them. But you're right. I mean, it's not like people thinking this stuff out. And I don't believe these grocery stores are going to be effective anyway. It's just too many people in the city. I think they're building nine of them. And they're going to have to subsidize them. New York City didn't have any money. Where's that money going to come from? Hochul? Maybe a little bit of it. Trump's not going to give them any money. So, you know, a lot of this is techno stuff.