maria: steve forbes, jump in. rkers, do you feel that once we get a vaccine that i hate to use the word normalcy, but that when people no longer fear getting together again that the industry will truly bounce-back to almost where it was before and those jobs will come back? people like to go out and politicians are preventing it, but people do like to dine and it seems like an industry that would bounce back if the politicians let it or we get a vaccine that makes it feasible. >> i think it remains to be seen what will happen post pandemic since this is unprecedented event. we have seen hiring recover and numbers are being crunched out and will be out in early september, but the latest data that we have in june hiring was down 40% year over year in july it was down about 7%, so there has been dramatic recovery so i think there's a sense that people want to get back to normal eventually, so it is -- it's likely that people will want to go back to restaurants and that will require people to serve them and a lot of th

to get fully vaccinated back to you guys. >> edward lawrence thank you very much and here now steve forbes, forbes media chairman, steve it's great to have you on the show. your initial reaction to the fact that we now have the senate and house off to recess and nancy pelosi is looking at 2 trillion. i mean the numbers are still very very far apart between the president and the democrats. where do you see this going, if anywhere in the next month? >> i think they will come to an agreement but i think the democrats are still reeling from the fact that president trump turned the tables on them by doing those executive orders a week or so ago, and the moneys now going to be going out, more could go out if they come to an agreement but it looks like the democrats are the obstacle instead of the republicans and it's not so much the numbers. you have numbers of that size you can conjure them up every six ways to sunday. the key thing is what is actually in the bill, like the postal thing, the republican s stuck in 1.3 billion for a new building for the fbi, and so it's going to be filled with st

let's talk about what we heard last night and your reaction, steve forbes, to some some of te tweets.steve: i think the president is right on and president obama overlooked the fact that he in office used the irs to go after conservative individuals and conservative organizations. you mentioned the whole scandal of spygate, the worst scandal in american history, so using, misusing the oval office he talked about trump trying to help his friends. what about joe biden's son and joe biden's brother. they led with their chin last night and i think the president will have fun hitting them back next week, big time. by the way, the u.s. economy was slowing down when barack obama left office, trump ramped it up. maria: i just don't understand how they can get away with saying the things this they did to trump as if, you know, no big deal, as if it's not in your face like trump uses the justice department to weponized, that's exactly what the obama administration did and many people who feel that it goes up the line to obama and biden in terms of the spying and in terms of the, you know, setti

maria: steve forbes, jump in here. eve: even though harris is being portrayed as moderate only mad rate by far-left of democrats and when are the markets going to include tax increase and the democrats could win the white house and could win the senate, that can't be good for the markets, when are they going to factor the negatives in? >> if you look at those kinds of numbers, we are probably 20 multiple. clearly we saw the trump administration when they cut corporate taxes. if we saw significant capital gain tax increase, talking about significant corporate tax increase, earnings would have to go down. it's just math and the multiples get out of hand. i think as we approach november and the election people will start really looking at these kind of numbers and readjust earnings and that's when they focus on it. we will get a little closer. >> do you think maybe wall street hasn't really come to a belief that joe biden and kamala harris will win this thing? is that why you think markets start getting unnerved about thes

connell: let's talk with steve forbes about that, the forbes media chairman.he meet in the middle thing for what it's worth, showing up losey say will give a trillion, yoga trillion, that doesn't seemed like it's going anywhere. where is this all headed you think. >> the key thing is not the amount of the money, it's a what is in the bills. and with the democrats want to would hurt the economic recovery in the two key things to watch for is first, will they get a payroll tax cut, i think the president is going to do that by executive order, the other thing is not have the unemployment benefits hurt job creation but top up individual checks as they did in the spring, $1200, due $1,502,000 this time, $500,000 for dependents to give people the cash to pay their bills and feel confident about the economy in the future. you do those two big things, payroll tax cut and another big round of checks and you have the essence of a good economic recovery. the rest of it like money for an fbi building and all that kind of stuff, that can wait for another day, the president

melissa: steve forbes, thank you so much as always we appreciate it. , over to you. connell: we follow that up with the people just back after a couple of weeks on the road and were out there speaking to voters in five swing states about the issues that matter most and what it can mean for the race this year and will follow up on what we learned in a moment, new guidelines for schools, new york city reaching a deal with the regions largest teacher union, some officials are sounding the alarm in hurricane laura leading a path of destruction across texas and louisiana and were live on the ground in lake charles where things stand now. we will be back. ♪ ♪ ♪ ♪ ( ♪ ) ♪ i need it so bad don't call it a hobby. it's way more than just a job. this is how we live every single day. can we go and play? (roaring of engines) ( ♪ ) ♪ i needed to try ( ♪ ) ♪ needed to fall ( ♪ ) ♪ i needed your love ♪ i'm burning away ♪ ♪ i need never get old which is why when it comes to his dentures only poligrip cushion and comfort will do. the first and only formula with adaptagrip cushioning t

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connell: steve forbes is with us affords media chairman, what to think, is there an opening for presidentdemocrats have left on china? if so, how does he exploit that or take advantage of it next week? >> the opening is huge, you can drive in the big dump truck through that, with the rights in the cities domestically. in terms of china, biden was on tape several years ago saying what's the big deal, we are cozy with china, he dismissed the thing, you will see that in campaign ads, it's running already, the key thing what do we do about china, trump whether you like it or not has taken effective steps on a number of fronts, more steps will be taken in the south china sea and other areas where china has a very aggressive militarily, this gets to the u.s. military buildup, it's been on defunding the police, what about the proposal to defend the military at a time when we need a stronger military than any time since the cold war. especially with the navy in the south china sea and elsewhere. >> when it comes to china and you mention the issues, he did a lot of other can be tiktok, trade, huma

we'll go steve forbes with us, forbes media chairman.ormer presidential candidate himself and laura fincke, the democratic strategist. laura, end with you, this roll call of the states very, very different than democrats did it last week on the second night of the convention where they went state by state. rhode island being my favorite when they showcased their famous calamari. leaving that aside, the numbers are the numbers. the nomination was never in doubt as it wasn't in doubt last week for joe biden. your quick thoughts. >> i think that, as you say there was no doubt about it, but i think, neil, what you will see in the convention was a very different tone from last week. last week until biden's acceptance speech was one downer after another, america being this terrible place and everything is going wrong. i think you will see a much more upbeat, much more america can do it theme this week. think that is really, really ties into the american spirit. people know we have problems but they also know we're solving them and we're going

we have some sound though from steve forbes who talked about what a biden administration would potentiallyconomy is recovering from those lockdowns we're making some good progress, but we're still con va lessing, those taxes would dry up investment, he's going to bring back some of the obamacare taxes that the republicans got rid of, so this tax increase is going to hit everyone. when you have a lousy economy, that hurts people, and this is going to be unmitigated disaster jedediah: so tax increases, don, are not going to be appealing to anyone right now. is that what joe biden is going to come out and talk about as hiking everybody's taxes up? >> i hope not and i think he should be very careful about talking about bringing back the biden/obama economy. when obama took office, we had a global financial crisis, and it was an economic crisis that drove our economy down, and that increased unemployment. here, we have a global pandemic. it's a medical issue. once it is addressed then we need to resume the economy that we had before that was productive lowest unemployment since they'vevery been