Steve Forbes: What's Ahead

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.

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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.

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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.commentarymagazine.com/culture-civilization/herman-wouk-1915-2019/

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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

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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.

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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 problems. Plus, hear her thoughtful take on the state of women in the workforce. Hear Steve's take on this Thursday's trade numbers. He's not worried about the so-called deficit because arguably, there isn't one. Hear why!

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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.

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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/

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Mitch Daniels, president of Purdue University, former Governor of Indiana and author and businessman speaks with Steve about the radical and comprehensive changes he’s made to streamline the university’s budget, the innovative ways he’s tackling student fees and his take on the extraordinary student debt loan that exists in America today.

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In this second and final part of Steve’s conversation with Howard Schultz, learn more about Schultz’s trailblazing work at Starbucks and how it has shaped his perspectives on the most critical issues facing Americans today, including healthcare, higher education and taxes. Schultz shares the policies he would pursue as a “centrist Independent” candidate as he explores a potential presidential run.

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