Yes, in American slang "knock over" and "to do a hit"...on a business place both mean to rob that place e.g. to rob a bank 🏦.
"A safe" is actually....a strong kind of cabinet (made of steel/ metal alloys) with a complex lock, used for the storage of valuables such as money, gold, diamonds, important documents. You can find them at people's homes or at business places.
So, "hitting a safe" is actually referring to...robbing a specific location which has "a safe" within its walls.
(This is assuming I'm hearing the audio clearly, it's a little difficult to make out).