we have steve forbes. david bahnsen, giannis antetokounmpo, and on set jackie deangelis first up edward lawrence is live at white house telling us what that means. reporter: you know the dow is down 267 off of -- you mentioned 9th losing streak in a row, longest in about 50 years. you know some stocks in the dow are well to correction territory nvidia down 10% from highs, it could be a response to factor of the economic data, that has been very mixed going forward, looking at retail sales today, month over month, much stronger than expected with this. credit card debt with this keeps rising, inflation trend has been ticking up. and core inflation without food or energy prices moving sideways last three months, which might have caused fed to pause, next year for rate cuts. the markets they look 8 months out, they are gauging if federal reserve will not go as fast as first thought, i spoke withstands federal reserve president, marey daily, she hedged on how long the cuts might take, with neutral rate 3%, a f

steve forbes, word.november 5th anyway. >> well, again, hay see, the markets, as you know, try to anticipate the future. not what's happening now. they anticipate we're between to get a good tax cut. i hope they include capital gains -- larry: yeah, i like that. >> -- right away as well as help the economy. get a good tax bill, serious deregulation which those two, elon musk and ramaswamy, are going to do and, guess what? if the economy is going to surprise the world. larry: yeah. >> but they've got to get that tax cut. and the bigger the better. larry: the tax cuts should be first. >> absolutely. larry: number one on the agenda. >> absolutely. and ignore these crazy rules that say you have to do this, that and the other thing. the congressional budget office, send it to north korea. [laughter] larry: i will say, i will say bess sent at treasury, has set at nec, russ vought at omb is very good. these guys are are proof growth budget conservatives, supply-siders on tax rates, drill, baby, drill, it's a ve

steve forbes, last word.r, exchange rate done very well since trump's election november 5 anyway. >> again, they see the markets as you know, trying to anticipate the future. not what's happening now. and they anticipate we'll get a good tax cut and hope they include capital gains. larry: i like that. >> it's right away. it'll help the economy get a good tax bill, serious deregulation and those two want elon musk and ramaswamy are going to do. guess what, the economy will surprise the world. they've got to get the tax cut and the bigger the better. larry: tax cuts need to be number one on the agene data committee, don't you think? >> absolutely and ignore the crazy rules saying you have to do this, that and the other thing. send the correctional budget office to north korea. larry: la i will say bessent sen treasury and hassett in nec and they're pro growth, budget conservatives and splicedders on tax rates and drill baby drill and it's a very good combination and that's a big reason why markets have responde

we're going to talk about trump's strategy to jump-start our economy with steve forbes and tomas pillipson. we'll also talk to trump's commerce secretary during his first term, wilbur ross. and as the youth vote swung towards former president trump, what's the plan to keep that movement going? we're asking turning point usa founder charlie kirk. it's all right here and it's right now on "sunday morning futures." ♪ jackie: we begin with president trump's plan the shake up federal law enforcement with the nomination of kash patel the as fbi director. let's are bring in senator marsha blackburn who serves on the senate judiciary committee. senator, we're so happy to have you today. let me read this from president trump's post. he says, kash is a brilliant lawyer, investigator and america first fighter who has spent his career exposing corruption, defending justice and protecting the american people. so he's being praised on the right for all of that but, of course, the criticism from the left is already starting. they're saying trump wants a supporter who's going to carry out his demands

we're going to talk about trump's strategy to jump-start our economy with steve forbes and tomas pilln. we'll also talk to trump's commerce secretary during his first term, wilbur ross. and as the youth vote swung towards former president trump, what's the plan to keep that movement going? we're asking turning point usa founder charlie kirk. it's all right here and it's right now on "sunday morning futures." ♪ jackie: we begin with president trump's plan the shake up federal law enforcement with the nomination of kash patel the as fbi director. let's are bring in senator marsha blackburn who serves on the senate judiciary committee. senator, we're so happy to have you today. let me read this from president trump's post. he says, kash is a brilliant lawyer, investigator and america first fighter who has spent his career exposing corruption, defending justice and protecting the american people. so he's being praised on the right for all of that but, of course, the criticism from the left is already starting. they're saying trump wants a supporter who's going to carry out his demands for

steve forbes, i go to you. i don't know what nine straight days of falling down means and some of it was this horrible united health group story, horrible story. obviously we know that. on the other hand delaying the tax cuts, i think might set up a risk and on the other hand the fed pumping more money in because they think they have to cut interest rates, even though bidenflation is make more risk also ask you knew robert mundell the way i did. david, did you know him? >> i read him through you. larry: i'm a long time advocate and brilliant man and noble winner. >> and inventor of the euro. larry: right, but maybe not his finest moment. >> he thought the competition between the euro and dollar would bring out the best and never thought there was a race to the bottom. larry: that's a different segment, but you make a good point. basically what i'm saying is instead of easy money, and i'm not going to say higher taxes but easier money in delayed tax cuts, i would like to say immediate tax cuts and tighter money.

steve forbes has suggested by the way constructive things, a capital gains tax or indexing and by the way, the other thing that's interesting, steve forbes suggested to me on the radio this weekend, why not widen the brackets for the individuals. widen the brackets. that's and tantamount to a big x cut for individuals and small businesses who pay the individual income tax, grover. >> all of those things are fairly easy to score. much of what we're going to be taking out permanent, taking out in 10 years, it's already been scored. we passed it before. republicans have voted for this before. the country saw it and they like it. this is not like back in 2017 where we were arguing about all sorts of stuff. we made certain decisions. i think going to 15% the president was right in the first place, the corporate rate should be at 15, on the way to zero, but 15, not 2 21. (accucapnt trial version) we have a 4 plus percent corp. pet income tax at the state level. when we say we're at 211, we'ree really at 25 which is where communist china is. i think we should be less taxed than communist chi

maybe down can the line a break on social media -- social security seniors in there double tack, steve forbes suggesting a capital gains tack or indexing and the other thing, steve forbessing issing ised suggested to me, widening brackets for individuals. and small businesses who pay the individual income tax. >> all of those are even -- easy to score, much of what we're taking out it been scored, we have passed it before. the country saw it and they like it this is not like back in 2017, where we were arguing about all sorts of stuff we made certain decisions i think 15% the president was right, corporate rate to be 15%. on the way toward zero. but 15 not 21. that -- you want we have a 4 plus% corporate income tack average at state level, that is really 25 where communist china s we should be less taxed than communist china is my theory. larry: and that is a good theory. >> thank you. larry: art, the other side is laffer curb, it has worked. -- laffer curve, it has worked, the cbo estimates from 2016 before the first trump tax cuts, then 2018 afterwards. point is, revenues have almost double

liz: thank you, steve forbes. come back soon.erry christmas. >> it's been report that had more than 40fbi agents or contractors were in the crowd on november 6. is that number accurate? >> i don't know if that number is accurate. >> how many agents were actualln resources were present in the capitol complex vicinity on january 6? >> again, it's going to get confusing. liz: we have details coming in on what he couldn't answer to. doj, justice department inspector general how many assets they had in the january 6 crowd. no undercover agents but multiple informants, a lot of them. also four of them actually entered the capitol. this story tonight, also this. >> maybe one should be showing. >> yeah, the feds have that authority. and i'd like to see them play a more robust role. still no complete answers and we'll dig into it with the update coming up. and, where is hard hat pete? why is pete buttigieg missing in action on this and going a wall and transportation secretary and critics have hammered trump's nominees and what about bide

steve forbes joins me this morning. eve, what would you want to see as donald trump's first order of business? where should he begin? >> he's going to begin not on one thing but looks like right now about 20 things starting with energy and other things. and that rally was very interesting. one of the things he did in there, which i think is going to be brilliant, is he talked about running an advertising campaign against the uses of fentanyl and he put it in a very graphic way. he said we want rotten skin, rotten teeth, rotten looks and a rotten life, take fentanyl. so i think hitting the demand for these deadly drugs as well as trying to stop the supply is a good thing. hasn't been done since the reagan administration where you had nancy reagan saying just don't do it, just say no. ashley: that's very true. we all remember that. i want to move on to this though, steve and take a look at this headline from the washington post. it reads the fed begins to weigh how trump policies could fuel inflation. is this just fear mon

steve forbes and kellyanne conway, two of the best of the best.on here's the deal on fox nation, thank you, kids. coming up on kudlow, big tech ceo scrambling and joining the trump team. we have jason and charlie gasparino going to weigh in. it's the end of dei, isn't it they're running to the hills as fast as their little leg cans carry them. thank you, right on schedule.y you'reli great. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at eacday's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪ and for adults with type 2 diabetes... ...and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects include increased ketones in blood or urine, which can be fatal. stop jardiance and call your doctor right away if you have n

ashley: steve forbes joins me now. great to have you here today, steve. what key moments do you remember from president carter? did you meet with him? >> i did in the most unusual way. when he was first running for president, he was an aster ising in the polls and -- asterisk in the polls and head of coca-cola asked if we'd visit with jimmy carter. he came up to our office and saw press secretary like real candidates do, we didn't bring in our reporters because we didn't think it was going to go anywhere. he spoke in a way as if he was the front runner and never acknowledged he was starting from zero and was the front runner and win new hampshire and florida and this and that. my father said this is a lesson how people with delude themselves. less than 24 hours later, he was running for office and so much for political progress that's pn and he was unable to cope with inflation and he did do good things on deregulation and in foreign policy, we had the iran disaster, central american disaster and slow in recognizing disaster in terms of soviet union and t

stuart: steve forbes is with me. have you heard of sia? >> sounds like c-i-a.art: waiting for donald trump's comments on the $100 billion investment from soft bank and he's expected to begin speaking very soon. you'll hear what he's got to say when he says it. on the markets, i see green for that nasdaq. look at it go. reached all time high just a few minutes ago. well above 20,000 now. dow's up 40, s&p up 25. big tech, a mixed picture mostly higher. we've got one loser and that's nvidia, but alphabet, amazon, meta all up. elevated levels and back at 440 -- actually 439 as of right now. now this, the president elect is on a roll. this weekend he went into high gear and this man is enjoying himself. getting things started friday, he met with apple ceo tim cook. the two have long had a friendly relationship. cook wants help with ai regulation, china policy, and pesky europeans that keep fining american big tech billions. cook doesn't mind bending the knee and trump loves it. cook stayed for dinner. saturday, high point of the weekend and president elect attended

not as much as some of us wanted steve "forbes" and steve moore came out with the wall street journalting t flat tax. any possibility that something like that may happen? >> something like that will happen and here's the good news. we have 22 of the 50 states having a single grade tax in their state income tax. for eight of those 22, my favorite rate or income taxes which is zero. there are 14 that are nonzero. another three that are moving to single rate taxes within a couple of years. we will have a majority of the senate in just a few years, a majority of the u.s. senate will be elected and states that have a single rate tax. the great thing about great single rate taxes tough to raise got to look everybody in the eye easy to cut. we are cutting everybody's taxes >> the design a bit by "forbes" and a whole bunch of folks over the years is that it does have zero tax for the first, i don't know how you encounter it. 20,000 may be up to 30,000 dollars. that first chunk of change -- poor folks in the bottom of the income scale, of course a lot of them do not pay taxes now, but they wou

bringing you steve forbes on the set for me in new york what would be a fair share of your income for>> it's very telling and the real rate is the flat tax and second line and send it in. they want it all. not just your income but also assets as well. they don't like prosperity and socialism means misery and margaret thatcher got that right and unhappiness versus happiness and look at socialist countries and see it there. stuart: dismal. you like the idea of a flat tax, don't you? >> single weight system throw the whole code and say bury but epa not allowing something sotaxic in the soil and replace with a single rate and generous exception going for the kids and i had a proposal where a family of four, their first $53,000 of salary free of federal income tax and 17-cents on the dollar above that. imagine what that would do to the economy. we spend $4 to $600 billion a year and hours in cash complying with the code. imagine you've got rid of that and freeing the economy of 2-$300 billion a year and spend complying with the corrupt code. stuart: would it bring in more money? >> far mor

taking to stop unelected regulatory state that has been misgoverning america for too long, as steve forbes put it, socialist type val -- central plans in modern able operates through hundreds of thousand of unelected bureaucrats who exercise their vast power over the economy through over 220 regulatory agencies, that is right we looked it up. now in my conversation with vivek ramaswamy, it seems that chopping down the regulatory state and reducing the over extended government power of the executive branch is a p a -- principle doge goal, i have served two presidents down through the years but i had no idea there were over 220 of these agents, emergency tax -- american taxpayers don't need them all. many are total unnecessary. vivek told me several times he intends to use supreme court decisions such as west virginia versus epa, and so-called chevron deference decision, both of which criticize regulators for doing things without any congressional mandate. that is what central planners do. they invent their authority to run the country. but well is no constitutional authority. there is no co

steve forbes is right. reducing capital gains t tax will generate a massive revenue windfall just as it has in the past. sooner trump 2.0 tax cuts can get moving in congress, happier those working class trump voters will be. and the faster the blue collar boom will reignite. that is tonight's riff. all right. despite all odds and earlier reports we have joining us, great texas senator mr. ted cruz, thank you senator cruz, i was never worried about that, producers get nervous. so, we have a bunch of things to talk about. you are right guy. i just want to start with this issue, now surfacing, i heard rumors about this, i don't know a week or two ago, now we have two reconciliation bills, the first one will have energy i guess border and defense. and then we'll get to the tax cuts later on. in the back-end of the year. now i don't know what your view it, we could debate it. but i don't like it. i think tax cuts 2.0 should go on table right away and by the way, i don't know if you heard, the clip we played from

our panel, steve forbes and thomas philipson, they'll talk about the economy and how he will get thingsally. and we'll be speaking to charlie kirk as well, on why the democrats got their messaging me wrong. they seem to be doubling down on it which is interesting to me. ultimately they need to change things to get through to people in the way that they need to at this point but there haven't been. will: jackie, you're guest hosting sunday morning futures this morning, 10:00 a.m. eastern time. we'll be watching. thanks, jackie. there's five weeks left in the nfl season and we have the must watch games this week on fox. ♪ that is their question. and nobody knows shoppers better than shopify. the undisputed, undefeated, checkout champion of the world. businesses that want to win, win with shopify. it is inevitable. chloe! hey dad. they will grow up. [cheering] silly face, ready? discover who they are. [playing music] what they want from this world. and how they will make it better. and while parenting has changed, how much you care has not. that's why instagram is introducing teen accounts

still ahead, steve forbes will be here on donald trump's first rally style speech since the election.er guy on gearing up fr trump deportations and the latest piece on democrat strategy to cause a riff between trump and musk. the 11:00 a.m. hour of "varney & company" is next. ♪ ♪ please christmas don't be

steve forbes is right, reducing capital gains tax will not only power economic investment and productivitynd growth. it'll also generate a massive revenue wind fall just as it has in the past. the 2.0 trump tax cuts moving in congress and happier those working class trump voters are going to be. the faster it'll reignite and that's the riff. we have joining us, great texas 123459 torr mr. ted cruz, senator cruz. thank you. i was never worried about that. producers get so nervous. i knew you were going to come around. we have a bunch of things to talk about. you're the right guy. i just want to start with this issue. it's now surfacing and i heard rumors about this a week or two ago. we'll have two reconciliation bills and energy and defense and tax cuts later on and i don't know your view and we can debate this and people can disagree and agree and i don't like it. tax cuts 2.0 on the table right away and legislatively and by the way, i don't know if you heard the clip from senator mike crapo but permanent tax cuts are. there's a current policy baseline that we -- the current policy tax cu

stuart: still ahead, steve forbes on what exactly is a fair share when it comes to paying your taxes. gaza cease fire and a hostage deal before his inauguration. sheriff thaddeus cleveland on what will happen to the border in the next 49 days before trump takes office and california congressman darrell issa on president biden pardoning his son hunter. the 11:00 hour is next. ♪ ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong. in more than 60 u.s. based facilities, across 16 states, we couldn't be more proud to play our part in supporting americans who work the land and build a better tomorrow. ♪ nothing runs like a deere™. confident. measured. ready. the markets, like life, will turn and challenge us. but when emoti

everything related to trump assassination and all of the biden mess being left around the globe, plus steve forbeser crazy things coming out of elizabeth warren's mouth about the united healthcare suspect on the bottom line. dagen: and then jeff van drew the congressman himself will be here, and an iranian mothership launching those drones flying over new jersey. jeff van drew said that himself. the pentagon calling him a liar. who do you believe after the lying we've seen over the last four years, and jimmy faila, top of the hour. let's review. okay. we're not gonna talk about traffic or weather. if anyone brings up lawn care, i will handle it. hosting can be extremely difficult for young homeowners turning into their parents. oh, are you done with this? i'll just take that. okay, he's still drinking. right. oh, look what the cat dr-- no, no. let's try again, if you wouldn't mind. it gets ugly. you can either take it off or i'll take it off you. yeah. progressive can't protect you from becoming your parents, but we can protect your home and auto when you bundle with us. but you love to take it. s

david: by the way, that's steve forbes' idea, get rid of all deductions for everybody, just have a simpleolutionary? >> well, i don't think that they are. i love the idea of a flat tax, but a flatter tax would even be better because right now we have these seven brackets. i think when the house passed the tax cuts and jobs act in 2017, we were down to tree brackets -- three brackets. the senate brought it back up to seven brackets. and there are ramifications to the transition on all of those things, david can, but there's no question simpler is better. it costs a lot less. it unleashes economic opportunity. the tax code itself is one of the worst regulations on every taxpayer in the country unless, of course, you're a cpa or a tax lawyer. it's pretty good for your economy -- david: but you can't wait on these things, senator cramer, don't you think? you have to -- tax extensions have to be at the front of the line or at least side by side, some of the border policies that we need, no? >> it's an interesting it's an interesting point. what i worry a little bit about, david, is our -- part

forbes released its 30 under 30 list highlighting young people making an impact. among this year's class, wnba's caitlin clark, shaboozey and nbc digital reporter mia egland. >> we love mia. >> she's fantastic. >> well deserved. steveyou. >>> a new warning about the rise of real life grinches. the steps you can take them from stealing your holiday packages. stealing your holiday packages. >>> south rea's ko (♪♪) “the darkness of bipolar depression made me feel like life was moving on without me. then i found a chance to let in the lyte.” discover caplyta. unlike some medicines that only treat bipolar i, caplyta is proven to deliver significant symptom relief from both bipolar i & ii depression. and in clinical trials, movement disorders and weight gain were not common. caplyta can cause serious side effects. call your doctor about sudden mood changes, behaviors, or suicidal thoughts right away. anti-depressants may increase these risks in young adults. elderly dementia patients have increased risk of death or stroke. caplyta is not approved for dementia-related psychosis. report fever, confusion, or stiff muscles, which may be life threatening, or uncontrolled muscle movements which may be permanent. common side ef