Transcripts For FOXNEWSW Forbes On Fox 20170701 : vimarsana.

FOXNEWSW Forbes On Fox July 1, 2017

World while he led us to eight years in the row of sub 2 growth. Then you look at ronald ragan whos a cowboy and was going to start world war iii. Theres a negative correlation. Too that degree, im happy the world thanks, that there mad that were looking out for ourselves. Bruce, i think he has a point. What do you think. I think reagan and donald are quite different, but ahead of this g20 meeting, you dont want these other countries to have to think we have an unpopular leader. The good news for the president is that is more popular around the world and he is at home. We need these people when were fighting terror and selling our goods and products but i dont think its a good thing. David to bruces point, when you look at the poles, ratings were very high under obama, for him and the u. S. When a president goes down. They all persona. The bottom line is the economy. If they get it moving again in the first two years, those perceptions will change. Then how you deal with problems around the world like china and north korea and other issues, performance is the key. You start to get that in line in these polls will change. David sometimes perception is not reality. I think of nato. Remember when President Trump was at the summit and they were snickering when he said you have to increase your nato spending . Look whats happened. They have come up. They have increased by 12 billion their defense spending so he is making progress. Yes he is. The head of nato, the secretary there, hes the european had, he said we really have shifted gears. He said you have to increase your spending on defense creating a dramatically catastrophic micro flow into europe. The president is now saying we will help europe with tear and yes we will help defend you against russia so he is drawing a line. Thats his red line in this sand. He is sticking to his promises. Lets look at some specifics for the climate agreement, his decision to withdraw from the paris agreement, 71 of the folks abroad disapprove of that move. Then on trade agreement. I think trump has done some great things and some exit things like exiting the trance national partnership. Whatever the foreigners think, i dont care. That doesnt mean a lot to me. At the same time all this. nn . n . Americas first off. I judge a president based on how much he accomplishes. David and justin few days he will meet with some of these peopleczn . n . Again. Shes talking about trump. If you look at how active hes been, dealing with russia, asia, i wouldnt call him i think shes talking directly about him and the trade policies trade proposals. If you look into some of the numbers specifically countries like mexico, thats where weve seen a drop in the opinion of the United States but i think thats because theres been a lot of talk about nafta and changing nafta and that something thats benefited our neighbors to the south. I think we have to think about this at the granular level. Of course is a dealmaker. We mentioned this many times. He puts out a position, particularly if he will be come down. You also have Rex Tillerson who said on several issues he actually disagrees with President Trump but he still our secretary of state. Its clear that while trump has taken some hard stances, he allows for disagreement even among his own cabinet. Yes, i would like to see more people speaking out, relative to that, and disagreeing with them. I think he sort of livesxn . n . Is twitter sphere where he is busy tweeting about talkshow hostn . n when he should be focusing on some of these global issues. David i knew we were going to get to that. I just knew we were going to get to it. And yet he puts out these tweets, and very often i disagree with the tone and a lot of stuff with him, but when it comes to actual stuff he does whether its an attack on syrians for Chemical Warfare or getting our nato allies to pony up more money, he get stuff done. Theres the tweet sphere and then theres the real sphere. The tweet sphere unfortunately gets in the way of whats going on in the way]pn . For example the day he started the latest on, he came out with a great Energy Speech about what lies ahead for the u. S. Energy with natural gas around the world. Big stuff. Nobody knows about it. I think thats what the europeans are focusing on. They are focusing on the most outrageous stuff that gets amplified a thousand times by our media and is picked up by their media in an even worse w way. Yes the d. C. Got you politics machine where the d. C. Politicians know they will get on television if they play got to politics. By the way, its lazy. Its really lazy because are not talking about policies that will get the country moving again. The europeans, im sure theyre also watching the two immigration measures that came down, heres the poll that matters. What voters have been telling the washington d. C. Since 2010, youve lost a thousand seats nationwide democrats. Nancy pelosi has lost more than 5000 seats. Let me get to rich. Nobody except steve travels around the world more than rich does. How about the perception versus what he actually gets done. You mentioned Ronald Reagan. I understand Ronald Reagan had sort of the same kind of persona overseas and yet he won the cold war. There are some big things that could happen, despite those perceptions overseas. Yes, last month i was in southeast asia, i was in thailand and singapore and there is cautious optimism about trump. I agree with john, they wished the u. S. Had stated tpp because it opens more room for china, but they appreciate the guy is trying to be strong opposed to the previouspmn . n . Administrati. David weve got a move on. While amazon is busy taking over the world, is President Trump taking a new position on taxes . We will explain often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Edible arrangements for summer. Order in store or online. This is a fox news alert. Heres whats going on. At least 17 people are injured after shooting overnight at a nightclub in little rock arkansas. Several others were injured after being trampled while trying to escape. None of the injuries are lifethreatening. No word on a suspect yet. Police say the shooting broke out at the power ultra lounge following some kind of dispute, adding they dont think it was an act of terrorism. Also making headlines, u. S. Troops are assisting and advising Iraqi Security forces in mosul as they make a final push to liberate the city from isis. The combat has been intense. Reportedly confined to a small area. According to one u. S. Military the militants are putting up a tough defense as they make a final standn . n . Thats an . n . Look at news this. Im kelly now back to forbes on fox with all your headlines go david donald trump tweeted out a message this week about amazon that seem to be endorsing more taxes on the internet. Do we really need any more on my taxes . Particularly since amazon has already agreed to add sales tax on about half of the stuff itself online. By the way, as of the taping of this show, the white house hasnt clarified but do we need any more taxes on the internet. Of course not. Restaurant in new york with too much is never enough and thats true of politicians. They are never satisfied with what they have. They always want to find excuses for more taxes. For small businesses, this would be disaster. There are over 10000 taxing jurisdictions in the United States. For small businesses, this would be horrible. The advocates say we will exempt small businesses. Great so you achieve success and you get tax. Bad thing. Leave it alone. We have too many taxes. It is true that amazon, on their own accord has added taxes on stuff they sell from their own warehouse, but about half the stuff they sell as thirdparty vendors, not stuff the they sell. Look at the total amount we are spending on ecommerce. 391 billion. Just for the First Quarter this year was 105 so it will go up from there. Thats a lot of tax revenue. No, they should not get a free ride on taxes. The big ones can easily work the software to collect from those jurisdictions and the little ones should be given the option of paying a flat rate of 7 with the money going into a National Pool which would be divvied up among the states. Easy. Sounds easy but it sounds a little too clever. By the way, the Supreme Court did rule way back on the issue of this taxing that thirdparty stuff would be taxed on amazon. I hear what bill is saying that i would trust Investment Advice from anybody in these scam operations in nigeria than any bureaucrat trying to enact and do what bill is saying. The Supreme Court did say in 92 that Internet Company does not have to collect sales tax if you dont have a physical presence. What a clever way for a bureaucrat to add on to that, the internet operation around the country and remotely harass the small momandpop shop. Im with steve forbes on the. You just think of the money, this makes politician salivate. 400 billion a year in ecommerce. Even if half of that is taxed, thats a a lot of taxation. 200 billion they could tax into. Nobody necessarily wants to pay more taxes, but with the congress and white house, we been waiting months, we are in the second half of the first term and weve had no talk about tax reform. What would they use this money for. This potentially could be a good idea if its for Cyber Security or whatever. I just cant get away from these crazy washington politicians. This is a crazy idea. They been chugging along for a decade. The idea that they would throw another speedbump in the way of Economic Growth seems crazy to me. It makes me want to pull my hair out. Its sort of the strange Looking Glass mentality. If we have stores adding certain benefits or the internet is getting certain benefits that the stores arent, we dont even the Playing Field by making the internet the bad guy. We make it easier for everybody. David you are in the home of the internet, the silicon valley. What do these people think about this. They love it. It is absolutely true that the Digital Companies are taxed less and regulated less than Legacy Companies and that is a problem, but sabrina is right. Level the Playing Field and make it easier for the legacy company. I think trumps comment about amazon has more to do with the Washington Post than it does about amazon. David i think youre right. But there is a real push on the part of states to get more taxation from the internet. We should mention, massachusetts just recently pulled their idea of a sales tax on the internet because are being challenged by so many people who dont want to pay it. Thats right. Severalrhn . n . Senators, democrad republicans have a bill out there trying to set up a nationwide system to have these massive sales tax put on but im glad people are pushing back. In terms of pushing back, too much is not enough. David bill, your mind is one of the best minds i know in journalism. However, your idea would make terrific sense if politicians were nothing, had nothing but good sense, but they dont. Theyre just greedy sons of i dont like politicians either all the time but i dont see why amazon and its friends should have an advantage over the momandpop retailers on main street. David okay will try to hold up one side of the argument will leave it with dell. Eric, what you got. The morning. As my new book debuts, folks on the left are scrambling protect the swamp lady. Big government in d. C. What democrats are doing to protect obamacare is likely proving my point. Plus, did hollywood director rob rhino just wage war on President Trump . We will see you at 11 30. David lowwage hourly workers in seattle paying the price for the wage hike. They are actually getting less pay now. This is a lesson for other cities and state fighting for 15. At johnsons we care about safety as much as you do. Thats why we meet or exceed 15 global regulations for baby products. And where standards differ, we always go with the toughest. Johnsons. Its happening, its happening in the modern world, you can control just about anything with an app. Your son is turning on all the lights again and with the esurance mobile app, you can do the same thing with your car insurance. Like access your id card, file a claim, or manage your policy. Its so easy its almost scary. Lets get outta here thats auto and Home Insurance for the modern world. Esurance. An allstate company. Click or call. A new study finding low wage workers in seattle are taking home less money despite the recent wage hike you know whats awesome . Gigspeed internet. You know whats not awesome . When only certain people can get it. Lets fix that. Lets give this guy gig really . And these kids. And these guys. Him. Ah. Oh hello that lady. These houses yes, yes and yes. And dont forget about them. Uh huh. Sure. Still yes you can get it too. Welcome to the party. Introducing gigspeed internet from xfinity. Finally, gig for your neighborhood too. There is a new study showing the fight for 15 is backfiring on some lowwage workers in seatt seattle. Workers there are earning 125 less each month because their employers were forced to cut their working hours. Dont say we didnt warn you. When you explain to voters and explain to people why this will hurt them, people understand. You have to spell it out but people get that regulations end up hurting the economy and hurting jobs, allowing for wage negotiation. Round of applause for sabrina. You called it two years ago. I hate to say i told you so, but i do know that when you artificially manipulate wages or benefits, it is going to lead to fewer jobs, less flexibility and the less good workplace for everybody. I think this should be a lesson for other states like washingtons neighbor organ thats currently trying to push through and scheduling overtime regulations, its going to have the same backfiring effect. David lets look at what i found. 9 reduction, 3 rise of hourly wages and that ended up with 125 less each month for the workers. Listen, ive seen studies that have gone the other way but i would like to say to some of the ceos that make a lot of money, generally a better wage attracts a better worker. Thats generally the rule of thumb im abided by and maybe some of these Companies Need a better marketing plan to pay a higher wage on . n . I dont know. I think we have to think about what actually happens to the workers. The state of maine try to do this recently. Guess who protested, the workers. The lowwage workers. They didnt want it because they figured the same thing would happen to them that happen in seattle. Oh yeah, any kind of artificial wage restrains the ability of people to offer up their services and thats shameful. I think the right has over done it in blaming automation. The minimum wage is inexcusable. Minimum wagesw trend. I dont think thats necessarily a bad trend. I agree with bruce, im all for higher wages and i applaud those companies that are paying more than minimum wage to attract a higher caliber person, but that has to be the decision of the company. If its mandated it will backfire. David we put the boss last because we didnt want to intimidate any opinions. What you think steve. The bottom line is it hurts people with the least. In terms of paying higher wages, youve got to get the skills. The people with no skills go into the workforce, they will originally get away lowwage and work their way up to earn a higher wage but thats the way its done. If laws could make us prosperous we would been zillion errors years ago. David will states finally learn their lesson or not. I sure hope so but states are little experiment so lets hope they learn from one another. The5n . n . Petrian . n . n dishes. David coming up on Independence Day weekend, stocks to help you claim freedom from all your bills. David we are back with your Financial Freedom pics. Youve got a collection of stocks. The Vanguard Value Index Fund is a lowcost longterm play on value, that one your return is about 15 over the past five years. Its whats called a crowded trait. Everybody wants to play like warren buffett. Fifitbit. Why is that your pick. Live free, live long. It also has a new device for sleep disordered. This is a crowded space and a lot of people are doing the same thing including apple. Thats it for forbes on fox. Thank you for watching and have a magnificent fourth of july. Keep it right here. The number one business continues with eric in cashing in. Hundreds of thousands of people will die if this bill passes. Eric thousands of people will die, i wish i didnt have to say a prayer this is not me. This is study after study making this point. It is common sense. The bill is devastating. These cuts are blood money. People will die. Eric getting pretty deep in the democrats concluding the main pieces of my book by proving they will go to any lengths to protect their sacred cow, obamacare, and as you get ready to celebrate Independence Day, the6wn . n . Swamp

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