Steve Forbes: What's Ahead

First up, Steve speaks to a myriad of topics including the upcoming Democratic debates, the White House battle with the Fed, why we should focus on export/import numbers instead of the trade deficit to determine global and national economic health and China’s talk about trade despite the crackdown in Hong Kong.Then, prominent investing veteran, Stephen Auth, chief investment officer for Federated Investors, discusses the universal truths he’s learned on his unconventional journey to enlightenment on Wall Street and beyond. From going temporarily blind on a missionary trip in Mexico to bringing lapsed Catholics back to their faith on the hectic New York City streets, Auth shares what he’s learned about perseverance in the face of suffering, embracing humility and his journey to becoming a more compassionate leader. Hear Auth’s insight on the future of Catholicism and why a modern, business-minded approach is what’s needed to reform this 2,000 year old institution.Lastly, Steve’s “Read Of The Week” are two arti

First up, Steve speaks to an array of issues including the intensification of the conflict in Hong Kong, the Federal Reserve and consumer spending and confidence.Then, Philip Howard, author of the new blockbuster book Try Common Sense: Replacing the Failed Ideologies of Right and Left, sits down with Steve to explain why the never-ending avalanche of literally millions of usually-unnecessary, nitpicking rules from Washington and local governments, since the 1960s, is undermining our democracy. Americans rightly feel they have lost control over so much of their lives and that elections don’t make much difference. Both parties are at fault. Howard then lays out the exciting remedies to get our country back in the hands of We the People. Lastly, Steve’s “Reads of the Weeks” consist of four articles. They are: "A Hundred Year Treasury? " by the Wall Street Journal editorial board, "Argentina Needs The Dollar” by Mary Anastasia O’Grady, “Europe Does Not Exist” by Josef Joffe and Steve celebrates the 100t

First up, Steve speaks to a number of topics such as inverted yield rates which could mean a recession is coming, a great anecdote about his dad, Malcolm Forbes, Hong Kong and Iran continued tensions and upcoming financial reports including home sales and unemployment insurance claims.Then, recent stock market turmoil has investors asking: What’s the best path for fantastic—and sustainable—wealth creation? Prepare yourself for a happy shock! It’s not high-tech stocks—unless you can always pick winners like Facebook and avoid the countries busts. David Bahnsen, author of The Case for Dividend Growth, makes the remarkable case that a dividend-growth strategy is the best way to superb, long-term returns. And get this: the kind of volatility we see now can be an investor’s best friend. Bahnsen tells us what to look for to find these great stocks.Lastly, Steve’s “Read Of The Weeks” are three articles. They are: Top Secret Teens: The Highschoolers Recruited By The National Security Agency by Alex Marquard

First up, Steve speaks to pressing topics such as oil taking a hit, retail sales, Iran sanctions, continued trade tension with China and the growing strife between Japan and South Korea.Then, Matt Ridley, a journalist, member of the British House of Lords, and author of The Rational Optimist, argues that despite today’s constant influx of negative news, life is getting better at an accelerating rate. Ridley challenges popularly held beliefs about the current state of the world, citing that extreme poverty has been defeated, food production is more efficient than ever, humans are living longer, and warfare is actually on the decline. If there’s one thing the defiantly optimistic Ridley worries about, it’s too much bureaucracy which he sees as an attempt to curb trade and stifle innovation. Plus, hear Ridley’s thoughts on how climate change will actually improve society in the short term and why economic prosperity is even good for endangered animals and the environment.Last, Steve’s “Read of the Week” is two a

First up, Steve warns about the dire social unrest in Hong Kong and the unrelenting trade tension with China.Then, John Catsimatidis arrived in America as a young Greek immigrant and started kindergarten not speaking a word of English. Now, he's a billionaire. Hear about his voracious entrepreneurial appetite that led him from making a dollar an hour working at a grocery store to building a supermarket empire. Then followed real estate investment, an oil refinery, a media company and more. His story is full of humor, smarts and insight into the beloved American “can-do” attitude.Lastly, Steve's "Read of the Week" is two articles. The first is by Nathan Lewis on Forbes.com called, "Stable Value Is Our Monetary Goal, Not Stable Prices." The second is by Gideon Rachman called, "Hong Kong Is A Flashpoint In The New Cold War."

First up, Steve talks about the Fed’s involvement in interest rates and the ongoing threat of Iran.Then, Catherine Wood, CEO of Ark Invest, helps us peer into the future of genome sequencing, robotics, artificial intelligence, energy storage and blockchain technology. Plus, hear why she feels Tesla, as led by Elon Musk, is way ahead in the electric vehicle game, why electric vehicles are here to stay — and why banks are in trouble.Next, Steve’s “Read of the Week” is an article by Robert Kagan in Foreign Affairs magazine titled, “The Return Of The German Question.”

First up, Steve talks baseball trading and Hong Kong protests heating up.Then, John Tamny, political economy editor at Forbes.com, editor of RealClearPolitics and author of The End of Work: Why Your Passion Can Become Your Job, says the belief that robots and automation will erase millions of jobs today, is misguided. Instead, Tamny argues these advances promise to positively change the very nature of work, beget jobs never before imagined and ultimately unleash creativity. Hear Tamny share his thoughts on how robots will liberate us to do the work we love and drive prosperity -- and, why college football players should major in college ball. Lastly, Steve's "Read of the Week" are two magazine articles. The first is by James Grant in the Wall Street Journal called, "The Fed Could Use A Golden Rule." The other is by our guest, John Tamny on Forbes.com, called, "Meet El Salvador, Slayer of Keynesian and Monetarist Mysticism."

First up, Steve has a feeling the market will provide a buying opportunity. Will you take advantage of it?Next, American-born Krisjanis Karins is the prime minister of Latvia, a small Baltic country that's been building itself up since its independence from the USSR in 1991. Hear Karins share why Latvia is a great bet for investment due to its highly-educated citizenry, its tech inventiveness and its dedication to cleaning up financial crime.Lastly, Steve's "Read of the Week" is two articles, both found at commentarymagazine.com. One is by Ethan Siegel titled, "Are We Alone In The Universe?" and the other is titled, "The Human Miracle" by John Podhoretz.

First up, Steve talks about Major League Baseball's All-Star Game on Tuesday, 7/9, and shares his favorite Trump pick for the Federal Reserve board.Then, award-winning actor, philanthropist, activist and founding member of the Time’s Up movement, Eva Longoria, has made a career of challenging the status quo. Once best known for her acclaimed role on the hit show Desperate Housewives, Longoria is now channeling her talents onscreen and off as an outspoken advocate on issues ranging from women’s rights to greater representation for the Latino community. Longoria shares her very personal fight to shape the future of Hollywood, the driving forces that fuel her tireless work ethic and her latest role behind the camera to ensure that diverse storytelling is brought to the forefront.Lastly, Steve's "Read of the Week" is an article by Trent England called, "The Danger of the Attacks on the Electoral College."

First up, Steve speaks to the PM race in Britain, ICE negotiations and Trump's standing in the polls.Next, society’s preoccupation with early achievement ignores the reality that for most, identifying your passions and developing your talent takes time. Age is actually an asset, not a liability. Rich Karlgaard, Forbes publisher and author of Late Bloomers: The Power Of Patience In A World Of Early Achievement, makes the case that ignoring this reality has created harmful pressure that can stunt growth in kids and young adults today, rather than foster it.Rich shares compelling research around the psychology of late blooming and why there’s no standard timetable for success. And, lastly, Steve's "Read of of the Week" is two articles. One written by Steve himself, an open letter to Mark Zuckerberg, and the other is by William Langewiesche in The Atlantic titled, "What Really Happened to Malasia's Missing Airplane."

First up, Steve shares thoughts about the democratic presidential debates this week on Wednesday, June 26th and Thursday, June 27th. Next, the small country of Slovakia is now the fifth largest exporter of automobiles to the United States. Robert Vass, founder and president of GLOBSEC, a leading European think tank based in Slovakia, gives a fascinating look into the priorities of Central Europe and how they impact the world. He explores what he calls a critical “generational mission” to help institutions keep up with the current rapid technological advancement. This, in order to nourish democracy and all the fresh talent and ideas born of it or face falling behind.And, Steve's "Read Of The Week" consists of two articles: "The Myth That Eating McDonalds Makes You Obese" by Hans Bader and "Make America Even Greater" by Kimberly Strassel.

First up, Steve speculates about interest rates and oil prices.Next, taking human labor out of tasks is something humanity has sought and developed for thousands of years in order to increase productivity. Mark Mills, a senior fellow at the Manhattan Institute and partner of Cottonwood Venture Partners, says productivity leads to more wealth for everyone and the best way to increase it is to make more robots -- that is, accelerate automation. Inspired by Mills’ recently published book, Work In The Age Of Robots, Steve and Mills discuss how automation will benefit people, why it’s regulation, not demand, that will hurt manufacturing and how the FDA is making way for more innovation in technology and drug therapy development....and lastly, Steve’s “Read of the Week” is an article by Steven Malanga in City Journal now titled “Marijuana’s Black Market.”

First up, Steve talks trade issues.Then, Nathan Lewis, economic expert and writer whose most recent book, The Magic Formula, distills the sought-after goal of thriving economies to a simple solution: low taxes and stable money. Through fascinating examples from the past and present, he shows why this formula always leads to robust prosperity and demolishes the prevailing “wisdom” on tax and monetary policy....and, Steve’s read of the week consists of two pieces. One is an article by Philip Hamburger in the WSJ called “Stop Beating College Bureaucratic Bloat” and the other is a transcription of an interview between Jan Crawford, chief legal correspondent for CBS News and William Barr, United States attorney general.

First, Steve shares his thoughts on the manufacturing and services reports coming out which will give insight into how the economy is doing.Then, Maria Bartiromo, journalist and host of Fox News and Business shows Mornings with Maria, Maria Bartiromo’s Wall Street and Sunday Morning Futures shares how she developed her intense work ethic at her dad’s restaurant, entertaining stories about her tenacious rise in the news industry and the political scandal brewing that’s not getting enough attention....and, Steve’s Read of the Week is two articles. One is “No, The Rich Don’t Get Rich At The Expense Of The Poor” by Rainer Zitelman and the other is “A Hard Rain Is Going To Fall On Obama” by Charles Lipson.

First up, Steve gives listeners a heads up on the economy, healthcare and trade....And, what kinds of societies allow for ideas to flourish? Deirdre McCloskey, economics and history scholar and author of 17 books, talks with Steve about why the human race has experienced unprecedented prosperity in the past 200-300 years. What were the forces that brought about innovation in some societies but not others? What were the reasons the merchant class, once looked down upon by aristocrats, came into having respect? Why did the evolution of societal well-being in countries and empires with tremendous wealth and success, suffer? Hear why when people have the freedom to have a go, and only then, can society thrive.Lastly, Steve's Read of the Week are two articles. From the Wall Street Journal about women's fashion designing for an array of body types: https://www.wsj.com/articles/high-fashion-is-no-longer-just-for-tall-thin-women-11558463793 and Commentary Magazine about the American writer, Herman Wouk: https://www.c

First up, Steve shares his thoughts on the trade conflict with China.Then, Bjorn Lomborg, president of the think tank Copenhagen Consensus Center and author, says extreme poverty is at an all-time low, human longevity has more than doubled since the early 20th century and while there are environmental problems to tackle, there are benefits to global warming. Hear why Lomborg thinks people should stop panicking about dystopian visions of the future and start thinking smart about problem-solving.And, to read Steve's "Read of the Week" you can find it here: https://www.foxbusiness.com/economy/capitalism-wealth-economy-myths-socialism

George Gilder, technologist and economist, discusses his recently published book Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy. With his eyes constantly on the future, to Gilder it’s clear: the internet as we know it will soon be upended with the coming cryptocosm.Gilder also speaks to why Google's business plan is causing it to have a nervous breakdown, the fear of computers taking over the world and the obsolescence of centralized data privacy because it’s simply not safe. Plus, hear about the inventive ways in which Chinese companies have figured out how to collect revenue from customers without an over-reliance on advertising.

Bowing to rejection is a behavior foreign to Jamie Kern Lima, IT Cosmetics cofounder and CEO. A former news anchor, her rosacea threatened her blossoming career because she couldn't find a foundation to conceal the redness. So, she teamed up with her husband and toiled out of their living room for years before they eventually found a formula that worked. Then, when the two went to market, came all the noes. They relentlessly persevered. In 2016, their company, IT Cosmetics, was bought by L’Oreal for $1.2 billion in 2016. The purchase was L’Oreal’s largest acquisition to date and made Kern Lima the first female CEO of a L’Oréal brand in their 100-plus-year history. Her story inspires: from her climb out of humble beginnings, the catapult effect of her trailblazing QVC appearances and the countless rejections along the way, Kern Lima shares the story of how she revolutionized the conversation around beauty by meeting the needs of real women with real skin p

In his best-selling book, A Random Walk Down Wall Street, Burton Malkiel made a shocking claim: that monkeys are just as good as expensive money managers when it comes to picking stocks. His rock-solid conclusion: anyone can beat the investing pros. How: using index funds. In fact, his thesis helped usher in the concept of index funds which have generated enormous wealth for Americans in the intervening decades. Today, nearly half of all investment funds are now indexed. In this episode of Steve Forbes’ What's Ahead podcast hear Malkiel share why indexing beats stock picking, his enthusiasm for growth companies in emerging markets and his impressions of “smart beta” stocks, the new investing rage. You won’t want to miss this episode filled with riches.

Joanna and Chip Gaines are building a business empire based on their personal priorities of family, marriage and home. Their reality show, “Fixer Upper,” put them on the celebrity map with fans devouring their chemistry, talents and work ethic. Hear them walk down memory lane with Steve, sharing their journey from young, broke parents with disorganized entrepreneurial dreams to who they are today: matured, thoughtful with hard-earned business savvy.And, Steve's Read Of The Week is: https://www.claremont.org/crb/article/is-the-pope-catholic/