steve forbes and other experts will weigh in. we're going to talk to a five-star gold fund manager who will give us his top picks. fasten your seat belt, everybody. "the kudlow report" starts right now.@ good evening, everyone. congress is back at work today. topping their to-do list -- health care reform. will president obama push for law makers to accept the government-run option in a joint session of congress tomorrow night in john harwood has the full story. hello, john. >> hey, larry. we thought today might be about the presidential speech in the schools. that turned out to be a dud. even the critics agreed there was nothing controversial in his remarks. nancy pelosi and senator harry reid met with him in the white house. she cautioned insurance companies they ought to take a deal on that so-called public option or they may be sorry. >> they would be better getting a public option now than one that is triggered. because if you have a triggered public option it's because the insurance industry has demonstrated that they're n

that's the word from steve forbes. welcome to "forbes on fox." let's go in focus with steve forbes. elizabeth mcdonald, kneel weinberg and quentin harding. so it's all about the lawyers? >> well, personal injury lawyers are what viruses are to healthcare. they add $100 billion to the cost of healthcare and they poison doctor-patient relationships. doctors know everything they say, and the worst thing is that the system doesn't bring justice to people who have been wronged. only a fraction of them get those big awards we read about. why not create healthcare panels, get the lawyers out. so is something is wrong, you gt compensated. >> healthcare reform without tort reform in it is useless. >> life is such a mystery r we're always looking for one cause to explain something. to me the relationship would be poisoned because who will be inside which insurance company? is your doctor inside your plan? that poisons the relationship, and can we admit it's a little more complex than that. obama said we should see about arbitration, new ways of deciding this, same as bush did in his speech to

joining us now, steve forbes joins us. steve, maybe not too surprising.resident still believes president obama has some fight in him despite all the tramp ling he's had in terms of criticism this summer. >> i think it's true president obama is going to try to push this thing, cost be damned. he's going to go for the nuclear option, what you want to call it, he's determined to push it through. even if it costs democrats next year, so be it. they will be martyrs to the revolution. he will make a push in the next few weeks new york city doubt about it. >> martyrs to the revolution. what kind of price will they pay, if in fact that does happen? >> well, in terms of political cost, this is -- a lot of this is very unpopular. people like harry reid could easily go down next year. right now the white house says just get it through, worry about elections later. ram the thing through, don't pay attention to the polls, get the thing done. they are going to put every bit of pressure they can to get the thing done, including reconciliation, massive reform to 17% of t

steve forbes, he couldn't agree more. right, steve? >> right.nd to those folks who don't like her, look at the message, not the messenger. this john kennedy, ronald reagan, when you increase incentives the economy comes back. more government doesn't work, let more power to the people always works. david: subsequequentin, it work kennedy. it should work for obama. >> i'm sorry, steve but character matter enormously. she goes from being governor of the biggest welfare state, doesn't like that job and becomes the most famous quitter to go on facebook and spread lies about death panels. she has no character. she is just going in for the popular proce popular bromide. david: jack, without the ad hominems. the specifics of her advice is it good or -- >> character matters. >> if you look at what she is talking about like steve said it is a message of tax cuts. and remember what taxes do. they are a tariff on things lick job creation, savings, a lot of things that get our economy moving and try to pull us out of the recession. what she is prescribing is

forbes on fox." here is neil weinberg, elizabeth mcdonald and mike miello and quentin hardy. steve, what picks do you have that the tea party would love? >> that is what the consumers make the choice on healthcare insurance by shopping around the country so they make a price that's appealing to you. >> what's stopping them from doing it now? >> because right now the system is designed if you get a savings, let's say you take a drug that is cheaper than the prescription, you don't get the savings. the bureaucrat gets it, the company gets. the consumer if they shopped smartly they get the savings and productivity. >> sounds good. what do you think of steve's plan? >> it is great but it won't work and here's why, because there is price fixing going on state by state between doctors, hospitals, insurers an drug companies. why is that happening? because the states have a lock on which insurance companies can operate in their own states and local politicians get a lot of money from the insurance lobby, and then the president didn't mention this problem and that is how you deregulate the

well, the one and only winner this new healthcare bill, steve forbes says it will be trial lawyers.e ain't happy about that. up next, we hate to say we told you so but we told you so. a new plan si was held on the property for 18 years before being found. >> banker's salaries today, your salary tomorrow. a new thing by the federal government that says they have the final say on all bank employees pay. this worries you? >> yeah, because you target one industry. who is going to be next? any business doing a lot of business with the federal government, who does that include? maybe the defense industry. you give the government a little bit of power. maybe it works. you know they will take more and there's nothing you can do to stop t. >> what's crazy about this is a lot of people smelled this coming for a long time and every time they said something about it, they were shot down. >> what is really crazy is the banking industry brought this on themselves. the finance industry has been paying themselves wildly too much for a long, long time, but i don't think that's true at the smaller no

well, the one and only winner this new healthcare bill, steve forbes says it will be trial lawyers.e ain't happy about that. up next, we hate to say we told you so but we told you so. a new plan of control that a lot of people pay. it is time to hold on to your paycheck. (announcer) it's applebee's 2 for $20. the one deal in the neighborhood where you get the real food. featuring a half rack of our new double-glazed baby back ribs with your choice of sauces. get one full-sized appetizer and two real entrees for just twenty bucks. it's 2 for $20. only at applebee's. i don't think you can live the american lifestyle without energy. we have all this energy here in the u.s. we have wind. we have solar, obviously. we have lots of oil. i think natural gas is part of the energy mix of the future. i think we have the can-do. we have the capability. we have the technology. the solutions are here. we just need to find them here. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducin

that is what created the era of this also financed candidates, ross perot, steve forbes, mayor bloomberg in new york, the court said there ia free right to spend as much as you want. that's still an issue in this case. even the conservative justices agreed the government can't let or forbid corporations from giving moneyirectly to congressional candidates but they say the government cannot forbid corporations from running campaign ads that say elect or at, chris ann jones and so that divion between expenditures and contributions is still a ground and it's one of the many complexities of the election. >> host: ste. >> calr: yes, dave i've got a question. i was born in 1943 so there's a lot of people my age that don't know what was passed but i understand back in 1945 the massey ferguson act w enacted and that was meant to permit the insurance companies from antitrust laws which means if i am not wrong or if i'm right they are exempt from paying taxes. whato you think tha is true? that is the reason we have the mess in the health care and other things? >> host: thank you. >> guest: i am no

something we do every day is pick healthcare by steve forbes. on this day we stand united, but how far or how far apart have we come? (announcer) time brings new wisdom new aches and pains, ...and new questions about which pain reliever is right for your body. tylenol 8 hour works with your body, with one layer that dissolves quickly... ...one layer that lasts all day ...and no layers that irritate your stomach the way that ibuprofen can. it's tough on your body pain. not on your body. >> hi, everyone. from america's news headquarters i'm jamie colby. president obama is heading to indianapolis for a rally on healthcare reform. the rally is part of the president's full court press on healthcare. mr. obama is saying a new treasury report finds around half of all americans under 65 lose their health coverage at some point over the next ten years, and we want to show you live pictures of a rally underway in the nation's capital. this is live. thousands gathering at the capital to protest big government and high taxes. it came from all over the count

lessons learned from steve forbes after this. . so, what's the problem? these are hot. we're shipping 'em everywhere. but we can't predict our shipping costs. dallas. detroit. different rates. well with us, it's the same flat rate. same flat rate. boston. boise? same flat rate. alabama. alaska? with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes only from the postal service. a simpler way to ship. neil: welcome from the very depressing, wet and soggy ground zero. this is the first anniversary it was raining itself. 2001s it was a beautiful day, a perfect fall day as we approached fall technically. we all know that it was far from that and every anniversary since, minus some windy days, has been perfect weather, except today. eight years later, markets are essentially where they were then. the dow, in fact, almost exactly at the level it was on the morning of september 11, when the market couldn't open. around 9605 then and 9605 to

well known businessman and former presidential candidate steve forbes himself and i'm sure we will get to the issue of taxes with mr. foeshgs. we've got plenty of things to talk about with him today. >> how is that guest list working out for you? >> poe defendant ta, if you agree with the liberal side or the progressive side or not, he's an eloquent, thoughtful guy to make the pestation.the liber progressive side or not, he's an eloquent, thoughtful guy to make the pestation. and with the move of the country, sort of the perennial battle between more government or more free market, it's going to be a great show. with bill clinton, the approximately president, there's some interesting profiles. hillary clinton's health care pushed him far left and many are saying that made him one of the most successful presidents ever. you wonder, does it happen this time around or -- >> yeah. >> and the same players, look, rahm was there back then, he's there now.

steve liesman will have that. >>> also ahead a first on cnbc interview. you mentioned paul otellini will join us leave from the company's development forum in san francisco. >>> plus forbesagazine ten uncommonly clever economic indicators and the ones you would add to the list. we'll see you on the other side of news now. this is cnbc.com news now. >>> they have been ordered to make restitution to customers in connection with the ipo vonage several years ago. although borrowing banks is an option, it's not being seriously considered. >>> and shares of carnival are up about 8% following better than expected earnings. that's cnbc.com news now. i'm courtney reagan. >>> all right. second hour of "power lunch" continues now. welcome back. i'm bill griffeth. wall street bracing for some numbers that could move the markets here. we have $43 billion in two-year notes. the results of that auction due out any moment now. we'll bring them to you along with some analysis and, of course, market reaction. >> i'm sue herera, stocks are moving higher. the dow recouping losses from yesterday's session thanks to the likes of caterpillar, jpmorgan chase and alcoa. >> i'm michelle caruso-ca