right here this hour fox business network kristina partsinevelos, steve forbes and cfra investment strategists lindsey bell. welcome one and all. pleasure to spend the morning with you, steve. >> good to be back, thank you. dagen: highly anticipate your wise words, guidance. >> i love this build-up and it's going to be tough to live up to it. >> don't let us town. dagen: in terms of trade story i get a lot of heat online what i have to say about how tariffs and taxes are decriminatal to businesses in the country and individuals and i only base that on history because showed that they can -- they can destroy more jobs than they create. >> they always do and the thing to remember again about tariffs, another word for sales taxes, putting sales taxes on american businesses is not going to help this economy. the economy is getting ahead of steam and the thing that will be holding back is uncertainty, what the rules of the game are going to be, are we going to be able to export to china and politically the chinese no dummies are putting the traifs on the way to influence the elections and so -- wat

here now is steve forbes, forbes media chairman. not only fighting republicans on the economy, they're fighting their democratic friend. >> talk about fighting the last war. i'm surprised they haven't brought out calvary and horse-drawn carriages saying this is future. even though many of these people are young like the congressional candidate their think something asfied, they're dinosaurs. socialism hasn't worked anywhere. they think the american economy is stalled. the american economy is moving f we don't mess up with trade, we'll see growth rates we haven't seen in generation. hello. david: you think of the famous phrase, it is the economy, stupid. we have the november election coming around the corner, with 60% of the democrats thinking economy doing pretty well, what does that mean for the election coming up? >> it means the democrats are stupid, not the economy. and the republicans, this is an election for the republicans to lose by not getting turnout, not coming up with proposals. david: doing what the republicans in the s

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steve forbes joining us. coming up next.interview with president trump. >> announcer: president trump's trump card in the trade wars. president trump: look at the car situation. they send our mercedes in and we phones have made our lives effortless. streaming "must see tv" has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile saving money is effortless too. it's the only network that combines america's largest most reliable 4g lte with the most wifi hotspots and it can be included with xfinity internet. which could save you hundreds of dollars a year. it's a new kind of network designed to save you money. click, call or visit a store today. maria: it has been a little more than six months since president trump signed his historic tax package into law. the first time the tax code has been changed in over 30 years. i had a chance to sit down in an exclusive interview with president trump. he says the economic impact of the plan is just getting started. president

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steve forbes joining us. coming up next. more of my exclusive interview with president trump. >> announcer: president trump's trump card in the trade wars. president trump: look at the car situation. situation. they send our mercedes in and we i want some more what's he doin? but, he can't look at him! it's just not done! please sir. i want some more more? more? more? more? please sir he has asked for... thank you what? well he did say please sir yes he did and, thank you yeah. and thank you he's a wonderful boy (laugh) a delightful boy (all boys): thank you, thank you, thank you. dad and son: we just finished dinner ahe hates [i hate] homework.. son: it makes no sense. dad: i don't know how he finds anything in his backpack. son: i can't find my backpack. dad and son: finally, we found his [my] assignment. dad: he rushed through it. i wonder if he even learned anything. son: i wasn't going to get it right so i just wanted to get back to playing my video game. at least i'm good at that. dad: i couldn't even read his handwrit

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maria: here is steve forbes. >> good to see you, governor, ambassador, steve forbes here.aven't they done very much in approving local l&g facilities to take the gas in, they talk about it, nothing has happened, they still fear the russians, we are in this conundrum, they fear the russians but they won't move to take alternatives, the real bottleneck is in europe and not the u.s. right now, isn't it? >> well, there is a bottleneck in europe, steve,ic what you're seeing is a shift all over europe away from coal, away from nuclear to renewable energy to natural gas but they have their own bureaucracy problems, you're absolutely right. but, steve, we should approve l&g terminals more faster than we have. the president issued executive order, that's fine but it still takes agencies forever. i was secretary of energy, it takes ferk and the other regulatory entities a long time to just deal with the paperwork and do the approvals. maria: the president has been rolling back regulations and that has bun priorities of economic policy, governor, we want to point out that president p

steve forbes will react to that after the break. [music playing] (vo) from the beginning, wells fargo has supported community organizations like united way, non-profits like the american red cross, and our nation's veterans. we knew helping our communities was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day. so our communities can be even stronger. it's a new day at wells fargo. but it's a lot like our first day. you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. and now for the rings. (♪) i'm a four-year-old ring bearer with a bad habit of swallowing stuff. still won't eat my broccoli, though. and if you don't have the right overage, you could be paying for that pricey love band yourself. so get an allstate agent, and be better protected from mayhem. like me. can a ring b

forbes media chairman steve forbes is our special guest this weekend.ewsroom with the headlines. >> the u.s. economy adding 213,000 jobs in the month of june. this is important because 1,000 americans entered the labor

i mean, even steve forbes was on my show last week he said look, for every job you're creating in the aluminium and steel industry, you're losing 15 in the industries that import aluminium and steel. that's a sales tax. >> first of all i love free trade. you know when i was at the g-7 i said i have an idea everybody i will guarantee you we will do it immediately nobody pay anymore tax, everybody take down your barriers, no barriers, no tax. everybody are you all set? no more tax. cana canada, you are not going to get 275% for your dairy and you are going to take down your barriers k we will take down the barriers and the taxes. do you know what happened? everybody said can we go on to another subject? because america, our country lost last year 817 billion dollars in terms of deficit. we had a trade deficit, maria of 817 billion, with a b, dollars last year. before that it was 800. this has been going on for years. we have rebuilt china. i have a great relationship with china. great relationship with president xi. i have tremendous respect for him, but i said we have to straighten thi

forbes media chairman steve forbes is our special guest this weekend. susan lee is standing by in the newsroom with the headlines. >> the u.s. economy adding 213,000 jobs in the month of june. this is important because 1,000 americans e

are less asked steve forbes out of this orb's media group for his thoughts.ing to collapse? >> brexit is in trouble for two reasons. one is the brexit doesn't follow through on a free-market program to get the british economy growing again so they got discredited there and they didn't have a real strategy. you have a divided government a very weak prime minister so they don't really know what to do. right now you are getting a european union like is what theresa may is proposing looks at their regulations on bananas and things like that instead of making a clear break in negotiating. liz: now you have president trump going there. theresa may could be pushed out. set the scene for us. >> she is what they call a lame-duck. she may get challenge but it's a comedy if it wasn't so sad. those sites are incompetent. he's in a very strong position. what is he going to want? what he should propose the idea to have negotiations have a free trade agreement with britain. liz: just britain bilateral. >> bilateral. liz: that could be game-changing. we'll bring you back on

i mean even steve forbes on my show last week, he said, look for every job you're creating in aluminum industry you're losing 15 in the industries that import aluminum and steel because it is a sales tax. >> first of all i love free trade. when i was at the g7, i have an idea, everybody guarranty we do i had immediately. nobody pay more tax, take down barriers, no barriers, no tax. everybody, are you all set? no more taxes. >> don't go anywhere, larry kudlow coming up on this very special edition of "wall very special edition of "wall street." ♪ ♪ adapt supply chains based on trends, tweets and storms. and make adjustments on the fly. ♪ ♪ the ibm cloud. the cloud for smarter business. the ibm cloud. i want some more what's he doin? but, he can't look at him! it's just not done! please sir. i want some more more? more? more? more? please sir he has asked for... thank you what? well he did say please sir yes he did and, thank you yeah. and thank you he's a wonderful boy (laugh) a delightful boy (all boys): thank you, thank you, thank you. are exposed to a contagious virus. what is this v

even steve forbes on my show last week, look for every job you're creating in the aluminum and steelndustry you're losing 15 in the industries that import aluminum and steel. it is a sales tax. >> i love free trade. when i was at the g7, i said i have an idea, we'll guaranty do do it immediately. we'll pay no more tax. take down your barriers. everybody, are you all set no more tax. canada you will not get 275% for your dairy. take down all the barriers. we'll take down all air barriers. take down our taxes. you know what happened? everybody said can we get on to another subject. because america, our country lost last year $817 billion in terms of deficit. we had a trade deficit, maria of 817 billion with a b, dollars last year. before that it was 800. this has been going on for years. we have rebuilt china. i have a great relationship with china. great relationship with president xi. i have tremendous respect for him, but i said we have to straighten this out. we can't continue to do this. maria: you decided not to go forward investment restrictions on china. >> no, no. look, we're

i mean even steve forbes on my show last week, he said, look for every job you're creating in aluminum industry you're losing 15 in the industries that import aluminum and steel because it is a sales tax. >> first of all i love free trade. when i was at the g7, i have an idea, everybody guarranty we do i had immediately. nobody pay more tax, take down barriers, no barriers, no tax. everybody, are you all set? no more taxes. >> don't go anywhere, larry kudlow coming up on this very special edition of "wall street." capital one and hotels.com are giving venture cardholders 10 miles on every dollar they spend at thousands of hotels. brrr! i have the chills! because of all those miles? and because ice is cold. what's in your wallet? jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart a

weave our way past lamar alexander and elizabeth dole, and that we would have a challenge from steve forbesonal wallet. but, of course, then along came john mccain. - senator mccain launched the "straight talk express" and started getting a lot of attention in new hampshire and started, you know, this freewheeling 24-hour-a-day press conference on his bus. - senator, how do you reconcile the fact that you were one of the most vocal critics on pork baolitics. and yet, while you were chairman of the commerce committee, that committee set a record for unauthorized appropriations? i'm just kidding. no, i don't even know what that means. - he was sort of the one that was appealing to the frustrations of people who were only hearing from candidates who were scripted and who had talking points and, you know, who re of the establishment. and john mccain famously talked off the cuff. - is the beginning of the end for the truth twisting politics of bill clinton and al gore. [cheers] mc - in 2000, in was ahead of the curve. he wanted nothing to do with the republican leadership. mccain did not see eye

i mean even steve forbes on my show last week, he said, look for every job you're creating in aluminumndustry you're losing 15 in the industries that import aluminum and steel because it is a sales tax. >> first of all i love free trade. when i was at the g7, i have an idea, everybody guarranty we do i had immediately. nobody pay more tax, take down barriers, no barriers, no tax. everybody, are you all set? no more taxes. >> don't go anywhere, larry kudlow coming up on this very special edition of "wall street." ♪ n red cross, and our nation's veterans. we knew helping our communities was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day. so our communities can be even stronger. it's a new day at wells fargo. but it's a lot like our first day. jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your hear

here is to discuss is steve forbes. thank you for joining us. a headline, that we're in a trade war. is that really what's going on? >> though, these askirmishes. if we were in a war, you'd see it in the market. it's not a full scale war. >> are you saying that because you feel confident with the market yesterday or the jobs market or both? >> the economy is strong, the only big cloud, immediate cloud hanging over the economy right now is the possibility of a full scale trade war. when you trade, you have to consider that tariffs are sales taxes, and when you put sales taxes on consumers on businesses, everyone is hurt, so, yes, another country like china or the europeans may be hurt more if you have a full scale war, but we'll be hurt as well. we should have learned that from the 1930's. so the markets are counting on the fact, there are skirmishes now, like soy bean growers and sales taxes go on, but the markets figure in the next few weeks, these things will somehow be resolved and we won't have a full-scale war. elizabeth: that's where i'm l

i agree with steve forbes. i tell you something, other countries think tariffs are great too. basically, feels slippery and ad hoc. policy on the fly. i agree with fair trade, zero tariffs and all that yeah. >> if stuart taxes my products then i will tax his. get rid of them. liz: that is in theory right now. i don't see countries signing up that. i'm being pragmatic and realistic. stuart: we could end up with a deal where there are no tariffs with certain countries. liz: i agree. stuart: dow is up 13points. 25,180 is where we are. couple individual stocks. biogen, raised its forecast. when you do that the stock generally goes up. biogen stock up 5 1/2%. look at jetblue hit by higher jet fuel costs and that stock is down 3%. 19 on jetblue. drugmaker eli lilly, it lost money. sales were up. investors looking at the up seas. the stock is up 2%. >>> kimberly clark make variety of products including kleenex. lousy forecast, when you do that your stock goes down. they blame higher commodity costs and strong dollar. the stock is down 1.25%. >>> lockheed martin number one weapons sup

here is steve forbes. they want to get this done i september. the vote in september.think it's doable on the house side. bring that up anyway so they have the issue for the voters. if they reelect us. we have more goodies coming to you. one thing they should do is stop about making these things permanent. focus on giving something people more now. reelect us here's what's coming. i'm staying on tax cuts. they are back in the program. on the tax reform 2.0. that's what you're doing is in it. that's for the house of representatives to resign. obviously with congressman brady and congresswoman diane slack. they did have this very important discussion to see the impact of the tax cut law. and making these. and moving forward to the next steps. it would be a big win for the middle class. i think it does make it very difficult when you have the fact that these democrats didn't vote for this tax cut. that is what we are seeing with the immense fruits coming out. a low unemployment and the fact that you are seen capital spending increase. companies coming back and spending an

truce, may be no new tariffs on automobiles that will be good news but, again, i think it goes to steve forbesarranty having trade fight market would be higher than it is already. maria: and last night you know we know steel and aluminum tariffs are still in place, but they've agreed there won't be additional tariffs right now. dagen: while they work out a broader trade deal that europe also agreeing to buy more soybeans will help offset some pain from fight we've entered into with china. and also looks like natural gas, again, that -- that goes huge way to offseting the power that russia is trying to claim. >> right now outline of all this going to turn this into agreement apparently joining this conversation this morning energy secretary rick perry joining us today, to talk about that, in terms of what kind of business can be done, between eu and america when it comes to energy, south dakota congresswoman with us los angeles dodgers all-star pitcher here host of "varney & company" weighs in don't miss it we kick off with top story, facebook slide bringing down big intelligent names nicole pe

even steve forbes said for every job you're createing in the aluminum and steel industry ' losing 15d steel. >> i love free trade. when i was at the g-7, i had an idea, nobody pay a tax, take down your barriers. canada, you're not going to get 275% for your dairy. we're going to take down all the barriers, take down all the taxes. you know what happened? everybody said can we get onto another subject. because america, our country lost last year $817 billion in terms of deficit. we had a trade deficit of $817 billion, with a b, dollars last year. before that it was 800. this has been going on for years many we rebuilt china. i have a great relationship with china, great relationship with president xi. i have tremendous respect for him. i said we have to straighten this out. maria: you decided to not go forward with the investment restrictions on china. are you going to back down on the tariffs against china? >> we put in $250 billion worth of product. the tariffs are -- it could go up to 500, frankly, if we don't make a deal. and they want to make a deal. china wants to make a deal. a

here to debate that is joe, steve, jon, and rob of ubs private wealth management, one of barron's and forbes00 financial advisers also with us from lake joseph, canada, is kevin o'leary, mr. wonderful is the chairman of o'shares etfs, a

here to debate that is joe, steve, jon, and rob of ubs private wealth management, one of barron's and forbes top 100 financial advisers also with us from lake joseph, canada, is kevin o'leary, mr. wonderful is the chairman of o'shares etfs, a cnbc contributor. stocks are higher following the worst day in a couple weeks. all coming of course, ahead of the official start of earnings season banks this week, citi is up 2.5%, which you own. margen stanley is up, bank of america, jpm the banks have been moving higher into the number what does it mean? >> rates are moving higher i believe, i was talking to mike mayo about this before >> he'll join us in a moment >> they're purely proxies for rates at this point. >> that's it >> that's it >> not for loans or anything else >> no, not for the economy, purely rates here's why relative value trading is driving these. as rates go up, they look at it. i was talking to one person, very knowledgeable in the markets, they think 80% of trading now is driven by the boxes. so that's going to drive everything so look, do i think the earnings will be good yes, i