with the s&p. i've been saying that for years. if you followed my advice you'd be rich. >> a lot of commodities and i like copper. i also like the cost of freedom and i continues right now on the place for business, fox. >> if you're desperate and if you know you're losing and you know you want to give up your life, then obviously you can do some harm. >> the secretary of state calling the attack at a turkish airport daily fare and desperation. but compare that that isis is still a growing terror threat. >> i am still concerned that the isil generated engine by foreign terrorism by syria and iraq still has a lot of momentum that we cannot rest at all. we have to increase our efforts. >> and now we have the attack in

bangladesh. so who's right? welcome to forbes on fox. happy fourth of july weekend. let's go and focus to find out what steve forbes and dave mercer as well. is the terror momentum increasing or decreasing. >> the momentum is increasing, david, and what kerry said is nonsense and i think very embarrassing for a secretary of state. isis is doing what a terrorist group does. they demoralize society, they go after tourist destinations like that airport or what they almost did with disney world to hit the economy as well. demoralize. that's how they think they will win. they're on the upswing and for kerry to make it sound like a chicago shoot on a weekend is preposterous and shows the world we're not yet fully serious. >> you hear on the one hand the momentum of terrorism is going down, on the other hand it's going up.

who's right? >> i'll offer a third option and that is i think that with -- in a war on terror you have several battlefields. you have iraq, you have syria, et cetera. you also have public spaces or airports, and the fact of the matter and i think what secretary kerry was referring to is that the isis is being pushed back out of falluja. they 'lost 250 soldiers on the battlefield, and i -- it may be that they shifted to get the attention that they're getting now on the attack on -- at a turk airport in istanbul. so i think it's a shift, but i don't think that it's a dismissive comment by secretary kerry. >> hold on a second. he said they are losing. i mean -- >> they are losing on the battlefield. >> we've got a lot of people here. if they're losing, i think frankly if a terrorist is killing innocent people the terrorist is winning.

the people losing are the people being killed. >> that's right and by the way, government data show that since 9/11 there have been 580 terrorist convictions here in the united states. 380 were foreign born. 40 came as refugees. i don't know if john kerry meant cocome off as cavalier, but here's the thing too, we're downplaying it way too much. we're tot calling it what it is. even the 9/11 report seven times used the report islamist terrorism. >> well, mike, in terms of ut, most terrorist momentum is me americans are not confident in u.s. ability to fight this. 84% of americans polled say they feel nervous about the nation's ability to prevent terrorist attacks. that shows to me that the terrorists are winning. >> well, why would americans feel confident? there's nothing that they've seen that would make them feel

confident, david. whether it be orlando or other things that have happened, san bernardino, so that poll is rather predictable. >> and rich, the fact is that isis is growing in terms of its global reach. we understand from the turkish terrorist attacks that a lot of these people were from the former soviet union. the wall street journal had a big piece about how they can increase people from all over. >> that's exactly right and that's what i think secretary kerry and our good friend david get wrong. that's a 20th century view. it's territory control conquest so we may be indeed pushing them back here and there on the map, but in the virtual world they're gaining momentum. >> so john, are they winning or losing on the terrorist front? >> well, i think you can always win when you murder someone, but i think we need to separate the two. thankfully, these murderous acts are very, very rare and any question is how much in the way

of police and military are we willing to accept at airports and in public spaces before we realize murders will always find soft targets and that's not going to change based on who's in power. >> well, steve, i wonder, though, because you see what the israelis accept as reasonable search when they try to travel. i mean, they're willing to go through a lot of delays in order to make sure that they're safe. >> well, and also when you go to their airports it's very clear, unlike tsa, they know what they're doing and you can go through quickly, but they give you a real lookover and if they have any suspicions at all you're pulled to the side, asked questions and perhaps even searched more. so you can take measures both at home and the key thing is also hit isis really hard in the middle east. hit iran in the middle east and get at the source. when you have a mosquito spreading disease go after the swamp not just the mosquitos. >> let's talk about the economic implications because clearly turkey has taken it on the chin.

istanbul airport, the ataturk airport was the main airport, a lot of their tourism has dried up. i'm wondering if isis as they look at this, because they're learning as we are learning, they realize that the economic damage that they caused is great. right? >> it is. and you have also not to mention almost nearly a million refugees from syria that have crossed over into the turkey border and that's an expense there and it disrupts the communities that are taking them in. so -- and then you have the kurdish problem, also contributing to their overall tourist -- >> but let's bring it back home. the question is whether or not isis is actually going to hit these soft targets so called, these economic targets. >> that warning has already come out repeatedly from, you know, the intelligence officials and law enforcement officials and the issue is is getting at the heart of it.

i'm not sure the u.s. can -- in this white house will aggressively take on saudi arabia and these tenants. >> is the economy going to take a hit from this increasing attack? >> we saw what happened after 9/11. there was a huge downturn in our economy that lasted quite a while. >> what about the comment that americans are not going to take the waiting lines, even further extended than they already are? >> they won't. and i think they'll take it out on the administration. i mean, the irony here is that obama says he's for hillary clinton, but he's, you know, he couldn't conceive of a better way to elect donald trump with his passivity on isis. >> we're talking about the economy here and i'm sorry, and i know i'm in the minority but i

think of a much bigger threat to our economy is a government that spends $4 trillion a year and still can't stop terrorism. i think we have to ask the question, if the big government response is the way to stop murders. i don't think it is. >> i've got to give john a point here. you wonder where the money is going. i mean, that's what -- it's a huge problem but that's a lot of money that's being well spent. >> yeah, well, to say that the government is insufficient, that goes without saying, but that doesn't mean we have to be passive in the face of mortal threats to our ultimate security. and when you have middle east unraveling, europe unraveling, we're getting these terrorist attacks, that undermines the economy, undermines our safety. we've got to fight back. >> up next, liberal lawyers already going after folks they say are climate change deniers. well, now the democratic party as a whole calling on the justice department to do the same in their 2016 democratic platform but conservative lawyers say how about suing folks that a if you take multiple medications

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now back to forbes on fox.

buzz growing this week as democrats unanimously voting into their 2016 party platform that they will go after and investigate corporations who they say misled the public by minimizing the effects of climate change. companies like exon and their stockholders could pay a hefty price for these investigations. let me just read out from the 20 -- this is a final draft of the 2016 platform. it's calling on the department of justice to investigate alleged corporate fraud on the part of fossil fuel companies who've reportedly misled shareholders and the public on the scientific reality of climate change. couldn't have cost us all a lot of money? >> yeah. and the economic part of it is the least worrisome part about it. this is the most direct assault on the first amendment that i have ever seen in my lifetime. orange orwell would be spinning in his grave.

going after anybody because they disagree with the other person's opinion. exxon has every right to defend its opinion. >> david, are you okay with this? >> well, back to your original question of costing money, it already cost us money to keep exxon in play and others because of our tax dollars. billions and billions of dollars in subsidies. >> i'd like to stay on topic. >> that's on topic. >> the threat that this poses to the first amendment, are you okay with that? >> i don't believe it's a threat to the first amendment. if the company is allegedly committing fraud and how it discloses its data and what data it presents, i don't think it's a threat. in fact, it's to our safety and also to protect against. >> you're okay with that, but steve, turn about is fair play. there are 13 attorneys general who sent a letter to their fellow ton

fellow attorneys general. if it's possible to minimize the risks of climate change then the same goes for exaggeration. if minization is fraud -- >> one sin should not beget another sin in terms of assaulting the first amendment and this is not just going after exxon. it's also meant to intimidate, also intimidate think tanks and companies who may wish to make contributions to people who they think are advancing, a freedom of growth agenda so it's intimidation all around. >> and mike, the costs of this to taxpayers are enormous. i mean, because of the hysteria, one could argue we've spent $25 billion or at least president obama did of our tax money on these green energy plans. i don't know what good they did. >> that's nothing, david, that 25 billion. they -- the climate change

business journal puts the annual cost of trying to fight climate change globally at $1.5 trillion a year. now, for a little perspective, that's more than twice the cost of taxpayers to bail out u.s. banks. >> unbelievable. sabrina, you wonder why it costs so much money. it's because of the hysteria over the past ten years about what was going to happen because of climate change was through the roof. abc just as an example, we have a sound bite from a report back in 2008 about what life would look like in 2015. let's just play that or at least show some of that. they said everything is going to happen. we're going to have -- manhattan would be gone, et cetera. what do you think? >> yeah, i remember that alarmism starting when i was still in grade school. we had the science teacher telling us how much inches of the rain forest were disappearing every second, but this is business as usual and it's exactly what the american public is rebelled against this

election season. it is so splpo lit sized. almost 70% of democrats say it's a serious problem while only 20% of republicans, which suggests the democrats are simply trying to shore up their base. this has nothing to do but it's all about growing government. >> they look at money and if it's well spent they're in favor of it and if not they're against it. we had one project a $4.3 billion windmill project, the wall street journal investigates. the administration says it was a success. wall street journal went to these projects and found there were only 300 people working there. >> that is proof that stubbornness often drains people of all common sense. even warren buffet who was investing in windmill farms he said they don't make any sense.

the wind doesn't blow all the time. you can't control the wind and by the way, guess what supplements windmill energy? natural gas because the wind doesn't blow all the time. >> so are all these government spending projects on green energy a waste of money? >> no, they're not. >> steve, i mean, 7,000 employees is what the white house was claiming from windmills. they only had 300. >> you've got to look at the opportunity costs. those 300 jobs with that kind of money they've invested. you would have had ten times as many productive jobs. you look at germany, their economy has been hurt and other economies have been hurt by this alternative energy. electricity costs two to three times what they are many the united states. >> natural gas has done more to reduce global warning than any other climate change scheme combined. >> so mike, maybe we should be just letting the free market handle things and forget about

all these government projects. >> you're spot on. look, if these so-called green technologies had promised you'd see unlimited amount of capital flowing in from silicon valley and other invest gors. this is a man date by washington to control our economy, and our lives. >> getting ready to roll at the bottom of the hour, what do you got? >> president obama leaping into the campaign. now going after donald trump for going after illegal immigration. let's just say things are getting ugly. then democrats accusing republicans of wasting money on the benghazi hearings, but what about how much they spent on global warming hearings? we report, you decide at the bottom of the hour. >> we will be watching. thank you very much. but first, democratic senator elizabeth warren accusing u.s. tech titans like google, apple and amazon of being a monopoly. she wants to take a page from the eu's play book to knock them the eu's play book to knock them all down, but wil you both have a

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for a free quote, call liberty mutual at switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. democratic senator elizabeth warren approves of european regulators coming down hard on american businesses like google, apple and amazon. she praised the -- do voter here really want the bureaucratic regulations they just voted against in the uk? >> no, they don't. senator warren is very confused. we think about microsoft, it was late on serge to google.

we think about microsoft that was late on smartphones to google. governments can't see the future. >> and it's not like the regulators here are letting the corporations off easy. look at all the blocked mergers. baker hughes and halliburton, staples and office depot. the list goes on. >> the list goes on and that's in the private sector, them deciding not to do the mergers as well. >> wait a minute. this is a government blocking ameri mergers that want to be done. >> it's both. public and private, but back to senator warren, look, she's a consumer crew sausader so it's check and balance on what corporations are doing and the eu examined it and why not have it examined here to make sure that -- >> why not more regulators. >> companies are trying to innovate and create jobs. i think warren should pass a law

that all entrepreneurs should stay in their basements and garages. >> what does silicon valley think about this? >> it's apolled. they're apalled by elizabeth warren. you know, why would we -- in any way want to model ourselves after teuropean economy? >> a lot of people lose their blocks when mergers are blocked. >> of course they are and it's the irony and it's so rich and of course the only thing that snuffed out competition, it's the largest monopoly of all and it's a huge government. they should get out of education and energy and we would have a marketplace that would flourish. >> these things cost billions. when the mergers don't go through the companies have to pay these kill fees of billions of dollars. >> yeah, they have a short term cost, long-term cost and the economy doesn't become productive which means we have a lower standard of living.

eu stinks economically. why do we want to go that route. >> what do you make of the statement that this is the private sector at work? >> we would have much more in the way of companies would be sitting ducks in the way of competition. >> we've got to go. we have the stocks that will have you seeing fireworks.

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i'm going for a rebound in the british pound. >> i agree. i put a little bit of money in it. that's it for forbes on fox. keep it right here. the num one business block continues with cashin' in. >> president obama jumping into the campaign this week taking on donald trump who's taking on the issues of illegal immigration and syrian refugees. >> it offers some sort of vague no stall jik feelings of we'll make britain great again or make america great again and the subtext to that is a bunch of foreigners and funny looking people are coming in here and changing the basic character of the nation. >> if i ever use the word funny looking people or whatever the phrase he used it would be a headline all over the world with him nobody even mentions it. >> i