Updated

This is a RUSH transcript from "The O'Reilly Factor," September 24, 2010. This copy may not be in its final form and may be updated.

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BILL O'REILLY, HOST: In the "At Your Beck and Call" segment tonight: Our pal Glenn has become a person to emulate in America. Recently, comedians Jon Stewart and Stephen Colbert announced they are going to hold a rally in D.C., much like Beck did. So how is Beck processing that? And what did he think of my interview with Stewart this week? Roll the tape.

(BEGIN VIDEOTAPE)

O'REILLY: So here's Beck, and he didn't watch the Jon Stewart interview because your son's fifth birthday was it?

GLENN BECK, FOX NEWS ANCHOR: Uh, sixth, but thanks for remembering. You know, the -- I actually was busy watching "Oprah."

O'REILLY: Were you? "Oprah" is not on at the same time as "The Factor," so…

BECK: I TiVo'd. I could only do one.

O'REILLY: OK. So Stewart was here.

BECK: Yes.

O'REILLY: And he's very proud of the fact that he and this guy Steven Colbert -- do you know this man?

BECK: I don't know him.

O'REILLY: No?

BECK: No.

O'REILLY: Do you know what he does though, right?

BECK: Yes.

O'REILLY: He imitates me.

BECK: Is that you?

O'REILLY: Yes, that's me.

BECK: I didn't…

O'REILLY: Yes, it's hard to tell. But that's me.

BECK: Oh, yes.

O'REILLY: So he and Colbert on October 30, when you and I are going to be with the folks up in Connecticut at the Mohegan Sun…

BECK: Yes.

O'REILLY: …they're going to be in Washington, D.C., mimicking your rally, the very successful rally you had in August. Everybody wants to know what you think about that.

BECK: I'm totally cool with anybody -- I mean, look.

O'REILLY: You're cool with it?

BECK: Yes. I mean, let's see, I had a problem with other people having a problem with me just expressing myself in the public space. How could I possibly have a problem with somebody else doing what I did?

O'REILLY: Because they're ripping you off. They're -- they're…

BECK: That's what they do.

O'REILLY: Yes, but they're mocking.

BECK: Did you notice Stephen Colbert, his whole career is based on you?

O'REILLY: Is that right? I didn't know that. Is that what he's doing? He's mocking me every night?

BECK: He's mocking you every night. That's what they do.

O'REILLY: That shouldn't be allowed. That shouldn't be allowed.

BECK: Maybe you should get 10 percent, at least, of everything they…

O'REILLY: You're talking about money though. I'm glad you brought that up…

BECK: Yes.

O'REILLY: …because Stewart goes on "Oprah," and he says this. Go.

(BEGIN VIDEO CLIP)

JON STEWART, HOST, "THE DAILY SHOW": That's Glenn Beck.

OPRAH WINFREY, TALK SHOW HOST: Yes.

STEWART: Yes. He's my moneymaker. You know what I call him?

WINFREY: What?

STEWART: My kid's college fund.

(END VIDEO CLIP)

BECK: He does.

O'REILLY: At least he's honest. Yes.

BECK: I think there was an article on him. I don't know what it was in. And they asked me about Jon Stewart, and I said, "A, I think he's funny. I don't think he's fair, but I don't think that's -- that's not his job. His job is to be funny. And if I were him, I'd be doing the same thing."

O'REILLY: You would be mocking yourself.

BECK: I would be mocking myself. I am be the easiest target. Do you know…

O'REILLY: I'm an easier target than you.

BECK: Any -- any joke that Jon Stewart can done -- has done, I have done at least five times before him.

O'REILLY: On the radio.

BECK: Yes.

O'REILLY: OK. But I'm an easier target than you. I'm more -- I'm more bombastic than you are. You're kind of a…

BECK: Is that what it is? More bombastic?

O'REILLY: You come off as a nice guy. You know, can I give you a little advice? Can I do that?

BECK: Well, you're going to do it anyway, so I might as well say yes, Bill.

O'REILLY: OK. If you didn't cry on your broadcast…

BECK: Yes.

O'REILLY: …they wouldn't have much on you.

BECK: I don't cry on my broadcast.

O'REILLY: No, once in a while you break down.

BECK: Well, once in a while.

O'REILLY: Yes.

BECK: Just on the days that I'm, like, you know, I feel a little puffy.

O'REILLY: Right. But see, if you didn't do that, then they'd have to go after me again.

BECK: I'm feeling so bloated, Bill.

O'REILLY: So these guys, Colbert and Stewart, they make big money off you and me.

BECK: Good. God bless America.

O'REILLY: You're OK with that?

BECK: God bless America. Yes.

O'REILLY: But shouldn't they give back a little?

BECK: No.

O'REILLY: No? You just said…

BECK: Yes, yes, they should.

O'REILLY: So you should get a residual from this -- from this little Halloween fest.

BECK: No. I don't think they're making any money on that. They're not making money on that. That would be wrong.

O'REILLY: Well, I told Stewart every dope dealer within 100 miles is going to be at that rally.

BECK: Yes.

O'REILLY: Do you know what I'm talking about?

BECK: No, I don't, Bill O'Reilly. I have no idea.

O'REILLY: So -- so they're going to have the rally. Now, I want you to make an estimate of how many people you think are going to show up. You had 2.8 million, right?

BECK: No.

O'REILLY: How many did you have?

BECK: We had between five and 650,000.

O'REILLY: Wow, big. If you had only charged a buck each.

BECK: Damn. I will be disappointed if they have less than three million people there. It will be a failure.

O'REILLY: You think so?

BECK: I have no idea how many people they'll get there. The more the merrier.

O'REILLY: There's only a million people that watch their show.

BECK: The more people that get engaged and start to pay attention to politics -- how many people were there?

O'REILLY: But that's not going to be a political rally. They're just going to mock us. That's all they're going to do. This is a rally for mockers.

BECK: Bill, do you know how many people watch you because they heard about how evil you were?

O'REILLY: Yes. That's good.

BECK: So this is going to be good for us because there are a lot of people there that are going to be like, "You know what? They said something about somebody on Fox that I should watch." And they'll watch. We got them.

O'REILLY: Did you see the Breitbart -- did you see the Breitbart tape the other night where he went into a…

BECK: In Chicago?

O'REILLY: Yes.

BECK: That guy is -- you know what? I said this on the radio. He may be -- I would like to see Bill O'Reilly and Andrew Breitbart in a steel cage match fight to the death. I don't know…

O'REILLY: But then one of us would be dead. Wouldn't you miss us?

BECK: Depends on who wins.

O'REILLY: All right. So you have no problem with Stewart and Colbert ripping off your idea?

BECK: No, of course not.

O'REILLY: Are you going to make a guesstimate of how many people are going to show?

BECK: I have no idea. What did I say to you? I mean, Bill, what did I say to you? I said there may be 100. Me, I mean, I have no idea.

O'REILLY: I'm going to say 25,000.

BECK: I know that Oprah tweeted it.

O'REILLY: Ooh, Oprah tweeted it.

BECK: Yes.

O'REILLY: What does that mean exactly?

BECK: I don't know. No, she got online and she tweeted it.

O'REILLY: What did she say?

BECK: She said, "I think Jon Stewart is on to something here. You should all go." Something like that.

O'REILLY: Do you think Oprah will show up?

BECK: No.

O'REILLY: Oprah is not going.

BECK: You don't think so?

O'REILLY: No.

BECK: Why not? Is she going to be in Australia?

O'REILLY: You and I, I wish we could go, but we can't. We're with the folks up in Connecticut. And Stewart, if you watch the interview on BillOReilly.com, which you absolutely should, unedited.

I said that to him. I said we can't go.

He said, "You and Beck should go."

I said, "We can't go. We're with the folks."

He said, "The folks. Who are the folks?"

He doesn't know who the folks are.

BECK: He doesn't know who the folks are? The folks -- Jon, the folks are the normal people in America.

O'REILLY: Yes, and I said those are the people who never watch your show.

BECK: They don't. They don't. You know, they have jobs.

O'REILLY: All right. Glenn Beck, everybody. There he is.

BECK: Thank you.

(END VIDEOTAPE)

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