steve forbes is with us in studio, forbes media chairman.ays good to see you, sir. >> always good to see you, connell. connell: free trader if there ever was one, steve forbes. is it fair to say we're in a trade war with the chinese? >> no. if the markets really thought there would be a trade war they would be down 870 points. connell: they came back at end of the day. >> there were negotiations. there are mum blinks before july 6th, they may get together to work something out f nafta blew up, real trade war with china, you would see the market down 2 or 3,000 points. the market obviously believes they will work something out. connell: do you believe that? is that how you see things? how would you see the next few things playing out, with the obvious caveat it is almost impossible to predict the way the president handles negotiations? >> i think they work something out. he will proclaim a great win. they get something in return. the fact of mater, he doesn't want to hurt the economy. that is his proudest achievement. >> right. >> tariffs are

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here is steve forbes, forbes media chairman. ask the question we've been asking all day, will we be in love again with our allies? >> they will. communiques were designed to show we're in love even if we're strangling each other behind the scenes. bringing up of russia, part of the strategy, with all the dust in the air, an agreement will emerge. we'll see if it works. they don't want a trade war. we don't want a trade war. we know it hurts our economy, even if it hurts theirs more it hurts ours. we will cut a deal. that is what the markets are saying. david: exactly, markets tell us vanely we'll come to some kind of an agreement. look we need us before we need them. eventually they come to the table, talk, we'll sit and work things out. beyond all the stuff, yes it is sloppy and yes, it is ham-handed in some case but you and have been arguing against these imf, g7, all these organizations have international bureaucrats trying to set standards for a world order that is very often wrong, isn't it about time somebody shook that up

let's bring in steve forbes and he's the editor and chief of forbes magazine great to see you sir. >>d to be with you. liz: so your reaction to the back and forth listen do you think that the white house is naive about however ill kim jong-un is? >> absolutely not it reminds me in an old story franklin roosevelt used to tell you go to a fair there's a balloon and if i go up they call me a show off and if i don't go up they call me a coward so if he doesn't meet with the north koreans he's a war monger and so the key thing is the follow through. the fact that trump was willing to call off the meeting a couple weeks ago shows that he feels things are not moving the right way, he will pull back, and that's the key thing, that he doesn't get trapped in this thing if it's not moving the way it should pullback. liz: but bottom line is no nuclear war. i mean the north koreans have been threatening that for a couple years now even before trump and here the democrats acting like this one summit sets everything down and unchangeable concrete but steve, the sanctions are still in place and pompe

steve far forbes -- steve forbes, what do you make of this one?t just is ridiculous that they can't come to grips with thing. by the way, even though the president gets rapped on his knuckles on this thing, remember about a year ago, several months ago he offered to make legal in this whole daca thing 1.8 million people. obama had proposed 700,000. he put 1.8 million on the table, got criticized by his party, and the democrats rejected it. so this is just part of -- charles: so democrats as a political ploy -- [inaudible conversations] a couple of democrats actually said, hey, i'd swap the wall for this funding and for this daca deal. but the leadership, nancy pelosi and chuck schumer, they continue to do a calculus that saysç its okay even be they take some of the blame that enough of the blame will still be foisted upon presnt trump and the republicans. >> president trump could say the sun's going to rise tomorrow morning, and nancy pelosi would want a resolution denouncing him for it that's going to burn us all up. it's the environment we're i

the steve forbes talk about same name prince william welcome in gaza then thank you very much saudi is welcome after the break of patients being treated like criminals even at u.b. officials tell this program drazen is drug policy is putting lives at risk all the civil coming up in part two of going on the ground. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race based on often scary dramatic developments only going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. you know world a big part of the mosque and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bad and shouting past each other it's time for critical thinking it's time to fight for the middle. for the truth the time is now for watching closely watching the hawks. welcome back this week health news in britain has been dominated by a u.k. independent panel report it revealed a disregar

steve forbes and ben stein sounding off on the president's economic policies >>> new details on the horrible attack at the capital gazette newspaper in maryland. >>> back to the markets. the dow was soaring until the end of the day. we're on the floor of the new york city stock exchange. no coal, whanicole, what happeno the close? >> at our highest point we were up 293 points. we sawld goldman, verizon, some jp financials had been higher in the day. that's one of the things that we were watching after the stress test. nike, thank you, nike, that weighed heavily on the dow joins industrial average. finishing up. nasdaq and s&p higher. nike hit an all-time high of $81. came out with the sales numbers that were good. they've brought back the legend legacy things such as air max, that helped them along. seeing the growth here in north america as well. for the week, the month, the quarter. for the week everything is lower. dow, nasdaq, s&p, walgreen's joining the douse jones industrial average down. but for the month and for the quarter -- the month makes the quarter all three higher as we finish

this is the steve forbes rand paul dream of a flat tax.enting with it. remember, italy is the fourth largest economy in- one of the founding members i think the eighth largest economy in the world. still a major industrial power. people forget this is not just for tourism it's a major industrial power particularly in the north. they were going to the 15% flat tax which is radical. it was well thought through not wide eyed. here is what impressive about the two leaders petition thut put their egos aside. they put another guy up unknown law professor as the prime minister and put a guy, and actually the you're owe controversial because he said this is a german cage. france and germany are killing us. but they put him forward and the central guys rejected it. >> how will this come to america? why do you think. >> i think the tea party revolt of 2010 which saw 62 seats go in the house kind of petered out a little bit with the romney campaign and obama. what i -- i saw in the european elections in 2014 with nigel faraj, the reinvig ration of th

this is the steve forbes-rand paul dream of a flat tax around central europe.nd, other countries experiment with it. remember, italy is the fourth largest economy in one of the founding members, the eighth largest economy in the world. it's still a major industrial power. people forget. that it's not just a place for tourism. it's a major power. particularly in the north. they were going to 15% flat tax, which is pretty radical. here's he point, it was well thought through. here's what's most impressive about demaio, they put their egos aside. they put another guy up, unknown law professor as the prime minister and then they put toke to put the guy, who is an expert in the eu and actually the euro. now he's quite controversial. because he said from day one, this is a german cage. they got us locked in. but they put him forward as a finance minister and the central guys rejected. >> how will this come to america? why do you think it's similarly dismissed? >> the tea party revolt of tent 10, which saw 62 seats going to the house, kind of petered out with the romn

this is the steve forbes rand paul dream of a flat tax.nd and other countries experimenting with it. remember, italy is the fourth largest economy in- one of the founding members i think the eighth largest economy in the world. still a major industrial power. people forget this is not just for tourism it's a major industrial power particularly in the north. they were going to the 15% flat tax which is radical. it was well thought through not wide eyed. here is what impressive about de mayo and slovenia, put their egos aside. they put another guy up unknown law professor as the prime minister and put a guy, dr. safen o, an pert in the eu and actually the you're owe database did dsh he was controversial because he said this is a german cage. france and germany are killing us. but they put him forward and the central guys rejected it. >> how will this come to america? why do you think. >> i think the tea party revolt of 2010 which saw 62 seats go in the house kind of petered out a little bit with the romney campaign and obama. what i -- i saw

business network dagen mcdowell, forbes media chairman former republican presidential candidate steve forbesny important stories that we are covering, trade, markets your thoughts? >> well, i think the uncertainty of that trade is why the markets are roiling not just china that was signaled in vans sales taxes word for tariff uncertainty is killing starting to hurt investment, and hurting future growth market looks to future the economy is strong right now, if you can wave a magic wander would see market up 3,000 to 4,000 points. maria: you think more leum and steel tariffs, retaliation why europe. >> how scaled up, 400 -- the chinese are about technology, but if you put tariffs on 400 billion dollars of chinese imports that is going to roil in a bad anyway if you don't get in that event nafta fixed next few weeks. >> probably not fixed until after midterms in my humble view. >> if nafta stays the same fine if he pulls out of nafta that would be a bad thing so you've got all trade sputs going onh disputes going on how is it going to end no one wants a trade away thivengs happen even when peo

with us for the hour today, jim lethenthol, josh brown, steve weiss, jon najarian, john seechen is here, one of barrons and forbesisers lindsey bell is with us, good to have you with us let's begin with the market. stocks are higher following the strong employment report equities coming off their best

with us for the hour today, jim lethenthol, josh brown, steve weiss, jon najarian, john seechen is here, one of barrons and forbes top 100 financial advisers lindsey bell is with us, good to have you with us let's begin with the market. stocks are higher following the strong employment report equities coming off their best month since january. josh, it sure feels heading into june, which is typically a good month for stocks, that you have almost the perfect scenario with where people are feeling the economy is today >> well, i think it's safe to say that no one is going to look at today's report and say that anything in the longer term trend has changed. we are grinding now down to levels on headline unemployment that you have not seen really only in two other previous instances. and it seems to be sustainable we somehow added over 200,000 jobs in the month of may and there was a revision upward in a prior month and wage growth is good. it's not too hot it's what you want to see. and in fact, it might even be understated. as boomers leave the labor force, coming occupy at the top of the salary curve, you have peo