"About 250 reporters faced the president-elect in New York City today, and many major points were made. The issue of fake news, fabricated reports about not only Donald Trump, but public figures in general, was front and center. The issue began when BuzzFeed, an internet site, released a so-called report that attacked Donald Trump in a personal way and also implied that his campaign had secret dealings with Russia. There was no evidence put forth in those assertions. Most news organizations, including Fox, stayed away from the report, but CNN did run the general thread of the story, which angered Mr. Trump. He was also agitated that U.S. intelligence agencies in the past have leaked stuff, saying 'That's something that Nazi Germany would have done.' When a CNN reporter tried to ask Mr. Trump a question, the president-elect refused to call on him and described CNN as 'fake news.' CNN has issued a statement saying this: 'CNN's decision to publish carefully sourced reporting about the operations of our government is vastly different than BuzzFeed's decision to publish unsubstantiated memos.' The statement continues but you get the idea - the press and Donald Trump will be an ongoing soap opera. As for policy, the national media is still very interested in the Russian hacking deal and Vladimir Putin. Then it was on to Obamacare, which Donald Trump again promised to 'repeal and replace.' Much of the press conference dealt with Donald Trump's business dealings. He's putting a lot of stuff in trusts and handing operations of his company over to his two sons. But then it got back to the Trump controversies, including the wall on the southern border. Mr. Trump says he will begin building the wall shortly after he takes office on January 20th. Mexico also got more bad news because the president-elect once again said he is going to institute a so-called border tax which would punish American companies operating in Mexico and other countries who try to ship their products back to the USA. So there was a lot of substance in the press conference. Mr. Trump's demeanor was direct, he stated his case with authority, he was blunt, and he continues to say he'll do what he promised to do. As for the press, they are still fixated on the election. There's no question in my mind that the hunt for a Trump-Russia connection during the campaign remains intense, with some in the national media wanting to de-legitimize the vote. And at this point, that's the only way to do it. Summing up, Donald Trump helped himself today, but he'd better watch his back. Not since Richard Nixon has the national press corps been so determined to bring someone down."

Fox News correspondent John Roberts, who was front and center at Wednesday's press conference, joined The Factor with his takeaways from the bizarre event. "Jim Acosta of CNN was shut down a number of times," Roberts said, "and it had become clear to me before the press conference that CNN would be iced out because they had published the report. I don't think Acosta got angry, just frustrated because he wanted to get a question in." Roberts then analyzed the president-elect's overall performance. "There wasn't much of a difference between him now and how he was during the campaign. The wealth of experience he has gained with all these meetings he has had in Trump Tower has given him a sense of confidence and experience he didn't have before. He was absolutely in command and this will be an interesting four years."

The Factor asked Geraldo Rivera and Eric Bolling to assess how Donald Trump dealt with the false and salacious rumors that made it into a few media outlets. "I love the guy," Rivera said, "but I think he overreacted. First of all, you don't compare anybody to the Nazis, who attempted to wipe out a race of people. You can't compare our own spies to the Nazis!" Bolling questioned whether the CIA and other intelligence agencies were actually behind the leak. "It wasn't necessarily the intelligence community that was responsible for this, but somehow news agencies got their hands on it. If the CIA leaked this to hurt Donald Trump, someone had to tell them to do it and we need to know who." Bolling added, "Donald Trump will win the war with the press because they will have to cover him on his terms."

Even Democrats concede that this has been an extraordinarily sluggish recovery. The Factor talked with Fox Business Network anchor Lou Dobbs about Donald Trump's determination to convince companies to keep or build new factories in the United States. "There have been some great victories so far," Dobbs said, "and the numbers are starting to add up in terms of jobs saved. Donald Trump is talking to these companies, it's called jaw-boning and it doesn't bother me at all. This is exactly the right thing to do!" Dobbs also praised Donald Trump's decision to step back from his business interests, saying, "He's doing the right thing."

Last weekend's Golden Globes were peppered with anti-Trump jokes and diatribes. Dennis Miller weighed in on Hollywood's knee-jerk liberalism. "I didn't watch the awards," he said, "because Tom Hanks didn't get nominated for 'Sully.' And I don't watch awards show anymore because I read too much about politics during the day and I need escape from it. Oddly enough, I watch press conferences for entertainment and I watch awards shows for politics. And if you think it was bad at the Golden Globes, wait until you see the Oscars!" Miller also revealed that he once had an enjoyable dinner with Meryl Streep, during which they completely avoided politics.

The Factor asked Bernie Goldberg to evaluate Donald Trump's Wednesday press conference and his heated exchange with CNN's Jim Acosta. "This reminded me of a smackdown on pro wrestling," Goldberg asserted. "There's always a tension between the press corps and the president, but it will be brutal for the next four years and Donald Trump has brought a lot of this on himself. Donald Trump was wrong when he said that CNN was engaged in fake news. All CNN did was report that top intelligence officials gave a briefing to the president, the president-elect, and members of Congress. It was legitimate news and CNN reported it responsibly." The Factor disagreed, saying, "We had that story here at Fox News but there was no substance, these were just unsubstantiated allegations."

Dr. Michael Smits, Naples, FL: "Bill, your analysis of the Obama presidency was spot on. Your best memo ever, and you have written some great ones."

Mike Woodson, Tiburon, CA: "Bill, great memo, but you failed to mention the eight trillion in new debt on Obama's watch."

Jorge Sierra, Bronx, NY: "Mr. O'Reilly, your Talking Points speaks to me. But I'm glad President Obama brought bin Laden to justice."

George Meese, Henderson, NV: "President Obama was a wonderful cheerleader. We need a great quarterback."

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