then there will be a cannon salute. then mrs. reagan will seek. then at 2:21, there will be an f-18 flyover. fighter jets from the uss ronald reagan. it would not be a birthday celebration without birthday cake and the beach boys will be here performing, singing "happy birthday." we're going to carry much of the day live here on the fox news channel, the main event scheduled to get underway a short time from now at the presidential library behind me. shannon? >> shannon: casey stegall live on the scene. you can catch report on fox news all afternoon. thank you. >> reporter: you got it. >> shannon: could reagan's economic policy dubbed "reaganomics" be used in today's world? joining us is steve forbes, editor in chief of forbes media. great to see you today. >> good to be with you, shannon. thank you. >> shannon: all right. let's talk about what we understand to be some of the pillars of reaganomics, whether they'd work in a current economic environment.