steve forbes joining us to how republicans will respond? >>> stocks rise as central banks in china, japan and europe with more money printing, while the fed begins to turn off the spigot over here. how much longer can the u.s. equities market benefit from overseas. that's coming up next. iprise as a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. pressure points on my tired, achy feet. i had no clue i was putting this kind of stress on my feet. i have flat feet. i found this out at the free dr.scholl's foot mapping center at walmart. in less than two minutes, i got my foot map and my custom number i'm a 440. i'm a 210. 340. that number matched the dr.scholl's custom fit orthotic inserts wi

we're back with mark sebastian and steve forbes and kmele foster. l detroit come back and if so how? >> it can only come back if it has the right tax and regulatory environment.% getting outsiders. you're seeing some of that happen. if they want to be another silicon valley he have they have to have the right environment for that. they have institutions of highe% learning in michigan. they have to have environment bringing in outsiders who want to do something starting with very little. sure it can come back. pittsburgh has come back. other cities come back. key thing, get the right environment. david: kmele, steve mentioned pittsburrh. i remember verr well pittsburgh was considered dead as a doornail and it has come back. could it come back with detroit? >> detroit'' problems develop adlong time ago. they developed over a period of time. the same thing could happen for detroit but other municipal governments across the country. for bondholders to take the hit. for them to internalize that suffering and enforce a bit of discipline on various% governm

olivia sterns is standing by with steve forbes.via, good afternoon. >> thank you so much for joining us at the conference. you just wrote about japan. it did not take much to wipe away the euphoria. what do you think needs to be done to pull the japanese economy out of its current ditch? >> they have to go for big tax cuts. doubling the national sales tax, they have a huge payroll tax, 37%. the highest corporate tax rate in the world next to the united states with high personal tax rates. they are overtaxed. they need to stop their version of wanted to give easing and you will see japan come back quickly. >> is there any extent to which you think their program is working? not at the end of the day they could not sustain it. internale to make improvements in terms of structural changes, yes, move ahead with that, but they have got to get it right with taxes, spending, getting the bank of japan behaving. >> cutting taxes on social security, that is sort of a demographic straitjacket and the trouble is they will have more people over

here with his outlook forbes media chairman and editor in chief, steve forbes. mr. forbes, thank you so much for being here. >> good to be with you. ashley: start with the economy, 3.9%. the eurozone would kill for something like that. how is our economy doing in your opinion? >> it's doing a little better, a couple of warning signs in that report. one is profits are trending down, if you take out profits of the federal reserve, which are incredibly included in the numbers, it's starting to decline a little bit, not a good thing. wages are not going up as much as they should. i don't think we're still broken out. ashley: consumer confidence not that great, we're going into a very important retail season. people are wary to spend a lot. >> the "wall street journal" headline part-time jobs, full-time bills. median incomes aren't growing, and so people at the top doing well, but people in the middle, still feeling the pressure, especially when they go to the supermarket. food prices are putting pressure on on them. ashley: they are. and the fed, you think because of thi

. >> i feel like i would rather watch steve forbes. >> i will leave with steve forbes then. give his reaction to chuck hagel being asked to step down. with mr.alk about that forrest, the editor-in-chief of "forbes" magazine. we will talk about the potential for a nuclear deal with iran. we have all that and -- and, if you have ever watched "the affair" on showtime -- >> no. >> you are the only one in the studio. people are really excited about the show. >> i'm against infidelity. >> i am glad to hear that. >> all right, we will see you then. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on bloomberg.com. that does it for this edition of "bottom line." i am matt miller in for mark crumpton. . i will be back tomorrow i bid you a fair -- what is it? farewell? >> all right, it is 26 minutes hour -- 56 minutes past the. hour i am julie hyman. techtionary and stocks are leaving the s&p higher. we will look at two large chemical companies. dow made a deal to a point for independent directors to export. dewpoint is lost in a fierce battle. a fu

steve forbes is back with us as well. i want to take some time to talk about that speech and the response there. steve moore, that's pretty surprising -- even at one point, he did a chris christie sit down to someone. go ahead. >> what was interesting was that person was saying, no more deportations. and president obama was saying, i'm not depottinger anybody anymore. didn't you get the news? i said on the show last week, one repercussion of these new, quote, executive order would be it wouldn't be long before these four to 5 million people would be eligible for things like obamacare and social security and other programs. i'm sticking by that. that will be a major cost to this program. melissa: charlie gasparino, what do you think of his response? i mean, he seems very much -- he's not the guy who is calm, cool, and control. the guy he has been for a long time. >> i think he was okay. he did not pull a chris christie. chris christie is way over the line. it's actually an act when christie does it. melissa: this was out of

go infocus to find out what steve forbes, michael ozanian, along with john and rick unger, the middleke loud and clear, steve, want help for themselves. slashing tax rates, the best way to do it. >> absolutely. worked in american history do it across the board. i'd like to ge all the way and have the flat tax. going across the board tax now would be

. >> last word from steve forbes. meanwhile, the holiday wish list fo d.c. that could save taxpayers a ton of cash and only on "cashin' in," just a couple minutes from now. first, right here, the stocks to pay for all of those gifts on your holiday shopping list, that's coming, next. @? >>> after black friday and ahead of cyber monday, stocks that cover all your holiday gifts and more, mike, industrial equipment rental company? >> united rental it's. like it. business booming buying back a lot of stock. >> bill, like it? >> a lot of growth but a caution. they live on borrowed money. like the u.s. treasury. >> oh, yeah. that's no good. valley national bancorp you like. why? >> this has great potential. 's get new management. >> mike, like it. >> no. something called penny stock weeklies hyping, meanwhile insiders are dumping stock. >> tit for tat. >>> coming right back. thank you for watching. keep it right here. the number one business block continues with eric bolling and "cashin' in." >>> america giving thanks this holiday weekend, and juan williams says y

. >> last word from steve forbes. meanwhile, the holiday wish list fo d.c.hat could save taxpayers a ton of cash and only on "cashin' in," just a couple minutes from now. first, right here, the stocks to pay for all of those gifts on your holiday shopping list, that's coming, next. here at fidelity, we give you the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and e-trade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> after black friday and ahead of cyber monday, stocks that cover all your holiday gifts and more, mike, industrial equipment rental company? >> united rental it's. like it. business booming buying back a lot of stock. >> bill, like it? >> a lot of growth but a caution. they live on borrowed money.

go infocus to find out what steve forbes, michael ozanian, along with john and rick unger, the middle class spoke loud and clear, steve, want help for themselves. slashing tax rates, the best way to do it. >> absolutely. worked in american history do it across the board. i'd like to ge all the way and have the flat tax. going across the board tax now would be good. get the economy moving. a top recovery. rich have done well the rest of the american have not because of the democrats believe in trickle down economics. along with the federal reserve. so slashing tax rates across the board with a sound dollar, america will come roaring back. >> rick, i heard you laughing, but think of what the rich got. actually, this stuck in the craw of the middle class in america. they got first the financial stimulus. then got all of that money from all of the stimulus money that came down the line, and, of course, getting trillions in free money from the fed. >> look, the reason i laughed, i really like that line, because if you look at how the republicans did so well in this election, they basically

the globalns is at financial leadership conference in florida, where she will speak live with steve forbesolliday tells us how the lights in times square are takingup

steve forbes. lot of things coming up this hour. "after the bell" starts right now..: another name for the history books here, the dow industrials for today ne

own, i think the government is an employer of last resort and something worth thinking about. >> steve forbes. everyone says they want it but can you even get elected if you vow to rule from the middle? i make a lot of purchases for my business. and i get a lot in return with ink plus from chase. like 50,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can choose how to redeem my points. travel, gift cards, even cash back. and my rewards points won't expire. so you can make owning a business even more rewarding. ink from chase. so you can. (receptionist) gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logis

i think it's because as steve forbes used to say when he was running for president, the way to win the abortion fight is changing is hearts and minds of the american people. i think we are changing the hearts and minds of the american people. the idea of abortion stops a beating heart. that's a message that has resonated with people. there was the campaign a number of years ago, just life, what a beautiful thing -- i forget how it went. just showing pictures of babies. maybe i'm wrong, but i think this is an area where we're improving culturally. because we have changed the minds of a lot of people. i don't know. am i wrong on that? >> chuck, you wrote the indicator. >> well, the indataer shows a 20% decline over the last at any-year period studied in the report. it's a little bit bigger than that over the longer term. i think it's a good thing. obviously, a good thing. we have a radical abortion policy in the united states, as your question suggested. we are one of four nations on the planet, you can include among the four north korea and chi china, to get a sense of the regime that e

. >> you know the very first issue of "forbes" in 1917, the founder , bc "forbes," steve's grandfatherrpose of business is not to pile up riches but to produce happiness. that is exactly right. happiness is living within your means having a greater purpose and sharing your wealth through experiences with your family and loved ones. i agree with that 100%. david: you do need money, mark, to travel. you can't travel for free unless you get a special deal, your wife's travel agent, whatever. if you do spend your money on experiences with friend and loved once, that could make you happy. >> i think that is absolutely right. keep those memories with you forever. once you buy something and you forget about it a few months later. if anything the more money you have diminished returns for buying anything else. it is really about loved ones, keeping yourself surrounded with friend and family. if anything they have tout that extreme poverty is really difficult and that is where you struggle. all -- david: i covered latin america for 14 years, ago. i saw dirt poor people. i got to say i've known

. >> that's right, not a firefighter, steve walker, the forbes family's usual ups deliveryman. >> oh,e first time i've seen fire on my route. [laughter] >> reporter: steve pulled the trash can into the center of the driveway, then rushed to the front door to alert anyone inside. >> he woke up my daughter who was recovering from having her wisdom tooth out. >> reporter: it took monica a few minutes to realize when she threw out the kitchen trash, she put it right on top of ashes from the family's fire two nights earlier. >> well, if the garbage can catches fire and it's up against the side of the house, the side of the house catches fire, runs up the siding and goes up into the attic space. oftentimes the homeowners are not even aware the house is on fire. >> reporter: that's why the forbes' are calling walker their hero. >> i don't know how to say thank you. you saved her life and our home. >> well, you're welcome. >> reporter: while they give him a hero's kit, the forbes family realizes just how lucky they truly are this holiday season. >> i have my daughter, i have our home still, a

>> knit it's in forbes he's jealous -@beccuse we're doing better things than him. he's friends with steveen -- liz: i don't want to go there. >> are you friends with him? liz: we were cutting a cake in honor of claman on call. there's 18 -- yeah, i'm also turning 18. we were at ryan's daughter bar clebrating 18,000 claman on call @ubscribers. look at team fox business. yay. "after the bell" and count down. we celebrated. so many of you. there's joe and marcus. and so many of you have signed up for fox business.com/on call. it gives you the latest. join our party. we had the 18,000th person whoojoined. come to the party. >> i think it's ron. liz: it happened to be one of the staffer's boyfriends. >> he's disgusting. liz: go back to twitter with that and we'll talk later. >> he's the lowest form. liz: closing bell. twenty-eight minutes aaay. american job growth. look, you can deny it. don't. it's moving in the right direction at least. what does it mean for the fed's plan on interest rates. two of the biggest mouthpieces of the fed, yes, including janet yellen. the first things out of their