all, it will be a pleasure to put that view across over the past years and i think it's helped a lot of people. charles: you have. and cavuto's live new show launching from our nation's capital. david: the list keeps on growing, more than 2 million americans are now getting tax cut benefits from companies like these in the way of bonuses and wage hikes and democrats are doing their best to minimize it. take a look. >> in terms of the bonus that corporate america received versus the crumbs that they are giving to workers to kind of put the schmooze on is so pathetic. it's so pathetic. david: crumbs pathetic? if the good news keeps coming, how can democrats keep running against these tax cuts? hey, everybody, i'm david asman, welcome to forbes on fox. let's go in focus to go with steve forbes, sabrina

schaeffer, john tamny. steve, will democrats regret calling the benefits crumbs? >> most people will get a tax cuts and they will hope their tweets give them something else to run on the. the republicans made this from a grand slam into a single, but they didn't get the sweep they should have. most americans will come out ahead and see if the republicans can communicate that in a way that people understand these are tax cuts. david: bruce, even democrats that are involved in stocks and business like warren buffet say this is going to be terrific for americans. i think that democrats if they keep holding onto the idea that these are crumbs and americans see them as more than crumbs. that's bad for democrats, no? >> well, i mean, i do think that they should focus more on the president's comments about people who aren't white and from norway, but i do believe that

this whole idea that they're crumbs, i think that you have to look beyond the press releases here. you have wal-mart giving raises, which is great. but then they're laying off and closing, you know, 60 or so sam's clubs stores. so people need to pay close attention here and watch companies and making sure they're not doing this just for pr. people will watch and maybe the president down the line will tweet at them if they don't do anything. david: you're going to begin to see effects in your salaries when you come home, the withholding less than it was, sabrina. nevertheless, to bruce's point while most people, 66% of the public think that the economy is in good or great shape right now, they give the credit not to president trump, but to president obama. do you think that's eventually going to change, at least before the election in november? >> well, it's kind of hard to know, david. there's so much of negative press around donald trump, that maybe it's hard for people to discern, what good things are coming out of the white house. that being said, i think that

democrats are really treading in sort of dangerous waters here. the polls show that people think that democrats are obsessed with identity politics and that they're ignoring the average american and important economic concerns, this is an economic concerns. they listen to steve forbes and it cuts corporate taxes and there may be some snow around the edges from companies like hallmark or wal-mart, and utility companies. it's going to help people like you and me and i'm happy with that. david: wal-mart is not a small company, john, it's a huge company all over america. they just announced that they're boosting the minimum wage in addition to some of these bonuses, and then we have a comment from the head of waste management, it's another huge company. he says, we wanted to find a way to help grow our economy, he's talking about his bonuses, and give some of the tax savings back to those hard-working employees. these are significant efforts, no? >> as always, steve is right in the sense that the republicans could have cut taxes much, much

more to the benefit of everyone. but at the same time, nancy pelosi gets it backwards. when companies are thriving, a war starts of the nonshooting kind. businesses bid for the services of workers through wage raises and also benefits. so, pelosi's worried about crumbs, cut the corporate tax to zero and reduce taxes on those most likely to invest. david: and rich, while a thousand bucks or $2,000 may seem like crumbs to multi-millionaire like nancy pelosi, worth about $40 million, it's a bag of groceries a week to most americans. i mean, that's a very important bonus in their life, right? >> it is. and you know, when chrysler employees get a $2,000 year raise, that's a good thing and it's not trivial and pelosi betrays her elitism. but i'll tell you, steve alluded to a problem that most of the press-- we know the press is largely liberal, but most of the press is also low dacated in place li

new york and california and high tax states and the very people reporting on the tax plans, the minority of people hurt by the tax plan, so i don't expect the press to get behind this at all. david: e-mack, the fact is that we all agree, the tax cut should have been bigger. we all would have liked more of our hard-earned money back, however, it's going to have an effect and for people like pelosi to say this effect is minuscule and crumbs is kind of demeaning to most americans, isn't it? >> it's demeaning. you're right. you hit the nail on the head. nancy pelosi is in the 1% and to her, it's meaningless. it is crumbs, but to the people crying over this, this event, we had 150 companies, 2 million people possibly getting higher bonuses and wages, it means a lot to them and the poor people who are seeing their electric utility bills and gas bills go down. we've got a half dozen utilities passing along the tabs cuts in the form of lower energy bills. that's a big deal.

as for wal-mart. wal-mart was working to get rid of its sam's club, lower the presence of sam's clubs for years, underperforming costco in profit and sales, that was in the works. watch this, the stubbornness drains them of common sense with nancy pelosi and most democrats. watch what you they won't say. they will not repeal the tax cuts. ask them point blank, they're saying, whoa, they won't answer the question. so that means they endorse the tax cut. david: and steve, the bottom line, the bonuses are part of it. you are going to see growth. a lot of these companies, maybe some of the companies will do the stock buybacks and other things, but a lot of companies are going to put their money in growing, that means more jobs and higher wages, so there are all kinds of effects that are going to ripple through the economy. >> that's right, david, you only get to economic growth through investment and you want more investment and rolling it is a step in that direction.

you see new companies finally emerging again after a 15 year hiatus in terms of new company creation because of the low rates and by the way, david, only in washington would 1,000 or $2,000 be considered a crumb and those washington bureaucrats to get two to three times what their peers do in the private sector and talking about crumbs, i've got words for them. david: bruce, were you talking about bad optics for president trump and i submit there are bad optics for president trump, but isn't this bad optics for democrats? >> i think they need to focus on getting it together for an economic plan and so forth, but when you talk about raising the minimum wage, what wal-mart is doing, that started like two years ago, they had $9, $10, $11. that's a good story to tell and that's not just because of the tax cut and i think that you need to watch these companies when they report their 10 k's and that's-- >> they've raised it since 2017

and-- >> nothing to do with the tax cut. >> yes, it did. >> nothing to do with the tax cut, that's why they started in 2016. when you go to the voter booth-- excuse me when you go to the voter booth you say what did you do for me? and that's what the republicans have, what did you do for me. >> and-- >> you kicked my family out of the country. >> and with the taxes and getting the economy moving again, and democrats have lost their-- they're in an identity crisis. david: let me go to you, sabrina, what happens in 2018. how does all of this affect the mid term elections coming up. >> if republicans are smart, they won't just point to the different stories, some of which might not be entirely true. but i think what they will point to is that they understand that this is our hard-earned money that they're borrowing, rather than the other way around, the way that democrats often talk about it, that we're giving you money back, as if it's theirs to begin with. it's not. that's the narratives the republicans should go with. david: the government didn't make it, we did. north and south korean officials

meeting for the first time in more than years this week and south korea says it's because of president trump. so is trump's tough talk getting them to talk. we debate it coming up next. p. at ameriprise financial, we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for what's expected and even what's not. and that kind of financial confidence can help you sleep better at night. with the right financial advisor, life can be brilliant.

>> live from america's news headquarters, here in washington, i'm gillian turner. 18 people now confirmed dead in the devastating mudslides across southern california. the latest victim an 87-year-old man found in his home. the death toll could rise as seven people are still missing. they continue to search for survivors. and kentucky becomes the first state to require many of its medicaid recipients to work in order to receive coverage. that change requires recipients between the ages of 19 and -- 18 and 64 to complete

employment, educational courses and volunteering. i'm jilligillian turner, now ba forbes on fox. david: president trump deserves big credit for talks between south and north korea. and that's not president trump saying it, it's south korea saying that. could the tough talk be paying off? >> it is, we're changing the appeasement policy of the last 20 years, not only talked tough, but followed with actions, tougher sanctions, pressure on china. south korea intercepting a north korea freighter. that told north korea, it's a new game, we better get used to it. david:on, let me give folks an example of tough talk. a tweet from president trump, north korean leader kim jong-un just stated that the nuclear

button is on his desk at all times. would someone from his regime inform him i have a nuclear button, but it's much bigger. that sounds like you talking. >> and some said that that's him akin to talking nuclear war is ridiculous. if that were to be, we would see the cascading. we did this with fidel castro needlessly. let's not legitimize that which is not. david: can we afford just to ignore him? >> no, there's now satellite imagery they're getting ready to do another test, a nuclear bomb test. that's according to news reports breaking now. you know, with north korea, their soldiers are so indoctrinated, they defend their

nation with religious zeal. i'm not sure the president should have tweeted that out. i thought it was impulsive. north korea is a threat with what they're developing with nuclear weaponry and icbm's. >> there's emphasis on diplomacy and talk going on. and the white house on friday put out a statement saying their work with china trying to get them to cut back and imports and exports to north korea is working although i question a lot of that. and maybe you need to talk tough sometimes. right? >> and-- >> but the diplomacy didn't pay off. we had 30 years of diplomacy that led-- >> that didn't work. listen, even if trump is telling the truth when he says he has a lovely relationship with the north korean dictator, i think his belligerent talk is unhelpful. if he wants to win this, he's got to speak softly and build an anti-missile system. david: to quote truman, i guess-- or excuse me to quote teddy

roosevelt, you talk softly and carry a big stick and there are some big sticks in the region now, rich, they're b-2 bombers. that makes a sharp point to the north korean dictator, right? >> yeah, it does. you know, one of the big scandals of the obama administration that doesn't get the coverage it deserves is how his intelligence agency completely whiffed on how rapidly north korea was developing nuclear weapons. and trump had to inherit that. yeah, i think that trump can layoff the tweets a little bit largely because we don't know if kim jong-un is rational or not, and if he's not. i think big stick, soft talk is the way to go. david: we had 30 years of this soft talk and diplomacy and being mr. nice guy to his tough guy and his father's tough guy and his grandfather's, that led to a nuclear armed crazy nation. maybe it's the tough talk that's going to pay off? >> look, david, i worked for jean kirkpatrick, i believe in

tough talk, i don't like what's coming out of the white house, i don't like the tweet storms, i don't think they're helpful: but i don't think that we should put too much credit into what trump is doing. i don't think that kim jong-un is talking about the talk as his longevity. he wants to remain a power, wants to remain a threat to the world. he knows if he pushes too far, that won't be an option. david: if anybody knows north korea, it's the south korean. and the south korean president gave him credit for his tough talk. >> north koreans know it's a whole new ball game and by the way that teddy roosevelt saying, trump revised it, speak loudly and carry a big stick. david: and coming up trish reagan. >> open and transparent, imagine that, high praise for a very public bipartisan meeting just this week. maybe d.c. should be doing all of its business out in the open? for taxpayers' sake. we're going to talk about that

and new calls to shut down guantanamo bay as terror suspects there sue the u.s. government, but would closing it down open up a whole new threat? i'll see you on cashin' in. david: we will be watching. up here first, after the arctic blast, the lawsuit. new york city mayor bill deblasio declaring war on the oil industry and suing them for damages. some of his say his lawsuit will cause more damages. there's more coming up next.

>> new york city mayor bill deblasio insists there's global warming and now he's suing about it. but is his target right on or way off base? we're goi

>> the mayor of the big apple going after big oil.

new york city mayor bill deblasio announcing his administration is suing major oil companies because he says, quote, if oil companies are finally held accountable for what they've done, it will affect their bottom line and their choices going forward. now, he also announced plans to divest $5 billion from fossil fuel stocks. rich, before i ask what you make of this, we should mention other cities in your neck of the woods, san francisco, oakland, santa cruz, doing the same thing. what do you think of it? >> well, santa cruz is a california hippy beach town so that the mayor, one of the great cities of the world is taking his cue from santa cruz so there's a lot about where his head is. in effect, what he's doing when he's suing the oil companies, is suing us. we vote with our pocketbook and we choose to drive gas driven cars by the multi-millions so he would raise prices on all of us. >> what he's trying to do is drive down the value of these oil companies. the oil companies didn't blink

when he made his announcement this week. in fact, they've been pretty steady for the past couple of weeks. >> well, i wouldn't think that they would blink, considering donald trump has given them like our entire coastline so we can-- when we go on our summer beach vacations we can look at oil derricks all over. david: you say deblasio's move is useless? >> no, i'm not. it's more like a way to keep them in check because nobody else is. they're getting everything they want and all the coastline that they want. david: steve, one thing they're giving us in addition to shareholders is cleaner air and water. a lot of the water and a lot of the air that has been polluted in the past by dirty methods, is getting cleaner as everybody can notice as a result of a move from coal to natural gas, et cetera. fossil fuel production has gotten cleaner. >> and we're one country and emissions that concern the

people, is going down. i'm surprised deblasio didn't sue the vatican for god not giving us warm weather again. and one thing, in the old days they used to burn witches when the weather went bad and human sacrifice. now they just sue oil companies, take it as a sign of progress. >> and the other state accuses oil company of having incorrect opinions about the climate. >> norway's fiords are pretty clean. if deblasio was concerned he wouldn't take motorcades to the gym. david: sabrina last ward. >> the air in delhi isn't great. gave them money it to invest, and not in trial lawyers. david: and a good point about norway. i turn the table on the forbes

gang. you can't afford to miss what we have to inform you about coming up next.

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. >> that is the big news, neil cavuto going live this time next time. you've watch cavuto live 10 a.m. eastern and see plenty of us so keep watching. before we go, we want to say a word or two about 17 years of outstanding and very popular shows by the forbes gang. here is a picture from the very beginning. steve hosted a forbes cruise around manhattan september 10, 2001 and yes, those are the world trade center towers behind producer holly and me. that was the last night the lights were on in the towers. the next awful day changed our lives, and the world, and led us to change the name of our

business block to the cost of freedom. we've been going strong since. here is the latest crew, by the way, john hoover, tia, and nick, and palm ritter, not pictured here, steve, we'll still be seeing you on neil's new show, but last remarks about a great 17-year run. >> i think this show reflected a saying in forbes magazine over 100 years from the first issues from proverbs my grandfather put it in, with all the getting get understanding. and we need better people to get a better republic. david: it's a smart show and approachable. without talking down to people you can talk about sophisticated stuff and get your point across. if we managed to do half of that in 17 years, we thank you. most of all, thank you for tuning in every week and making this show such a tremendous success. i'll be back with neil next week and again, we hope to see you then. that's it for forbes on fox. have a fantastic weekend!

thank you for watching and keep it right here, the number one business block continues with trish regan and cashin' in. >> it was historic. this transparent, bipartisan white house meeting getting a ton of press from the public. instead of the closed-door wheeling and dealing that usually ends up costing us taxpayers a whole lot more money, maybe this is how washington should be doing all of its business, right out in the open so we can see it. hi, everyone, i'm trish regan, welcome to cashin' in. cashin' in crew, gerri willis, david and gary mercer. gary, what do you think, should everything be out in the open? we need more transparency so that stuff can get done? >> of course we do. of course these conversations should take place out in the open and that's what's so exciting about seeing this. you saw an actual