This is real money, you are the most important part of the show, so tell me what is on your mind by tweeting me or hit me up at facebook. Com. Ten arab states pledged to rally behind president obamas call to quote degrade and ultimately destroy the socalled Islamic State insurgents who are reeking havoc in iraq and syria. That happened at a meeting with secretary of state john kerry. The United States is trying to get a brood coalition to fight the insurgents on the ground. And they are calling to take their fight to the Islamic State in syria. Turkey will be crucial to any effort, but so far it refuses to take part, probably because the Islamic State is right now Holding Turkish prisoners in iraq. One day after the president addressed the american people, the u. S. Is rushing 475 more troops to iraq, and 25 million in immediate assistance to the iraqi military. This comes 13 years to the day after the september 11th attacks that killed thousands of americans on u. S. Soil. Rightly or wrongly, those events lead to two uslead wars in afghanistan and iraq, and now americans are looking at new engo engoij engagements in the region. Whatever commitments the u. S. Gets in the end from countries in the region, the military responds to the Islamic States raise will only be half of the battle. The group is believed to have amassed a 2 billion war chest and its growing. The Islamic State is said to support itself through taxes, smuggling, and extorsion rackets. All of that makes it next to impossible for outside powers to cut off its funding source. The most lucrative areas is believed to be the oil fields it controls in syria and iraq. Patricia sabga reports. Reporter its thought to be sthel f described Islamic State groups biggest source of funding. Sales of seized oil, believed to generate between 1 and 3 million a day. Since capturing mosul in june, i. S. Has siphoned oil from iraqi Storage Facilities. The group has also expanded its portfolio of oil fields which now stretch from Eastern Syria to northern iraq. I. S. Sells the oil directly to Truck Drivers for reportedly as little as 25 a barrel. The drivers move it through smuggling networks, and transport it across neighboring borders. Their Main Objective is really getting the best price they can for the oil they sell, and then have the middleman sell it on the market, and thats the end of their really role in that supply chain. Reporter iraqi forces have recaptured two oil fields from i. S. , but protecting the borders is crucial in disrupting the black market oil trade. Turkey is the best market to then smuggle that oil tore parts. Reporter turkey has been criticized for turning a blind eye to smuggling operations, but with more than 500 miles of border to police with syria alone, cracking down hard on the black market oil trade will be challenging, even if they are on board with western plans to take down the Islamic State group. The lowhang oil as patricia mentioned was the 4 to 5 Million Barrels that i. S. Siphoned from Storage Facilities in iraq, and i. S. s syrian fields are operating at only 25 of their prewar capacity, while its iraqi fields are operating at a mere 20 to 30 of prewar levels. Secretary of state john kerry next destination is turkey. For more on that, lets go to nick shiffrin. I was surprised that turkey was not part of that coalition, but then they said there are 47 turks who are being held by i. S. And that figures into everything that turkky has to do . Yeah, absolutely. But u. S. Officials say there is a big difference between turkey is saying and doing privately and what they are doing publicly. Publicly they are very worried about tha their diplomats. But behind the scenes in the days before president obamas Statement Last night in the days when president obama and the g7 were in wales, i was told they were the most aggressive behind the scenes to really have a no fly zone even. Since then what turkey can do is cut off the borders. Ali for many many months there was a real open border policy of turkey. Anybody who wanted to fight assad was given the red carpet in southeastern turkey along the border. Now that has to change. And the u. S. Has really been pushing turkey to cut off that border so that some of the westerners who have been joining the Islamic State group cannot get there, and they cant have the large stream of foreigners that it has had over the last year or so. It becomes very hard for americans to know what they are supposed to make of saudi arabia, whether they are friend or foe. Its clear that the saudis underwrite the extremist that goes on around the world. But the u. S. Government said the saudis are going to host a Training Base for these fighters in syria, and then today, sitting next to the secretary of state john kerry, a saudi said thats not true. They issued a denial. Are the saudis lying . Well, again, theres a public and private problem here. All of the governments in this region are very worried about the kind of radically. We have seen in iraq and syria, invading their own countries. So with saudi arabia especially they have been very concerned about radicals threatening the kingdom and the family of assad, so thats why they have been balancing this privately and publicly. They are absolutely going to host this training facility. It has its own reason for do that. A senior u. S. Official who was can john kerry i asked him about that, and they said the saudis were probably upset that the u. S. Had come out so publicly last night and told reporters that yes, indeed the saudis had agreed to that, but nonetheless it will go forward. And i think its important that while we look at these strange bed fellows that are really being created here, iran and saudi arabia, iran and the u. S. , sunni states that dont necessarily see eye to eye over egypt or syria, the reason this is happening is this is really, really difficult. There was a senior u. S. General who spoke to the washington today, and he said what the president has asked us to do inside iraq and syria is more difficult than what the u. S. Did in iraq or afghanistan. Its the hardest thing since 9 11 that the president has asked the military to do. So thats why they will reach out to everyone to combat the Islamic State. Critics will say it is not even grand enough. It needs to also be about a longterm way to really remove the skizment between sunni and shia, and go to the political problems that help create the Islamic State. We havent heard a lot of that from kerry. We covering a schism that has existed for 1400 years. The saudis underquite clerics who go around teaching a strict interpretation of islam which amongst other things denigrates and targets shias. And secretary kerry and others are asking other countries to back the shia government and tell them not to side with the Islamic State. I mean, is this doable . Its going to be difficult to say the least. But lets just put it this way, because of what you just said about the saudis, because of their history, they are the only ones who can do this. If anyone is going to convince sunnis in iraq to back the shia government, if anyone is going to convince the sunnis in iraq to fight sunni fighters in iraq it is going to be saudi arabia, so regardless of the past, the secretary of state simply has no choice. He has to convince saudi arabia to do this. He has to work with iran, because iran have the only fighters inside iraq who are already fighting the Islamic State. So basically the u. S. Has no choice. The u. S. Cannot be seen as fighting the flash of civilizations. It cannot be seen on any kind of solely adventure in the middle east. It needs saudi backing, all of the sunni backing, and it needs to work a little bit with shia iran otherwise this is not going to work. Nick schifrin for us in jerusalem. America is getting ready to target russias big oil companies. And the midterm elections are right around the corner, so why arent the candidates speaking more on the economy . That and story and more as real money continues. Keep it here. The number of americans filing for Unemployment Benefits rose last week to a twomonth high. First time jobless claims rose by 11,000 to 315,000. That was the most since the end of june. The data covers the week that included the labor day holiday. So no alarms are going off, but just so you know we generally look for a number a little under 300,000 to feel better about the economy. Our next guest says we should be very worried about the state of the job market. He was the budget director of participate reagan, he joins us here in studio. He was a congressman for many, many years. We dont want to undersell you. We have been generating an average of 215,000 jobs so far in 2014, which is better than we have done over that span of time for several years. 194,000 was in 2013. You are suggesting this is a bit of a mirage, why . Yeah, its shortterm. In january 2000 we had 107 million jobs on the bls payroll outside of education and healthcare. Right. In august we had 107 million jobs in the u. S. Economy reported last week by the bls outside of education and health care. In other words in 14 years we have not created one net new job anywhere in the economy, adding together, manufacturing and white collar professions, and fire and retail, and wholesale, and transportation. Now to me thats a sign that the fundamental economy is failing, and all of these stimulants that we are getting out of the fed in washington are only basically causing shortterm, you know, cycles in the economy that arent sustainable. And most of the jobs that are reported every month were actually created ten years ago, lost in the great recession, and now some of them we have earned back. But on net, other than education and healthcare we have gone nowhere for 14 years. When you talk about inflation we say leaving out the volatile food and energy sector, and people say why . Why are you leaving out education and health care. Health care there hasnt been a month where he lost healthcare jobs. So why are you leaving these two areas out . One these are mid and lowpaying jobs for the most part. They are not doctors even your bestpaid teachers these are high 20s, low 30s, even lower. And i suspect your next point is they are governmentfunded jobs. Fiscally dependent. And Even Health Care is a big tax sub venn shun through the exclusions. So they are entirely dependent on an expanding fisc, and i believe were in trouble in the long term, and we wont be able to pile on more and more government funded health and education jobs, even if they were capable of paying our economys way in the worldly market, which they dont. Finally, none of these jobs depend on low Interest Rates or easy money or fed stimulus, because they are not driven by borrowing, business, or households. They are funded by the government. So the fed has been massively expanding its Balance Sheet for 14 years, and the only jobs are in a sector that it is not impacting. Let me ask you this, i feel like you are avoiding the idea that in this last 14 years we have become a more Productive Work force, so we do more and create greater value with fewer people. Well, there has been a small increase in productivity, i grant you that, but i will point out in the nonfarm economy, there were 233 billion labor hours in 1999 and thats how many we had in 2013. So we have a huge increase in the available adult population. They are not going into the job market. They are not earning a living. They are not paying daks tax taxes. We have 26 million moore young people under the age of 16 that dont have a job. So i think we have a social and economic dilemma or even crisis of large magnitude. Who is going to support a growing andaging population when there is no fundamental growth in employment. Let me just add gdp. It has only averaged 1. 8 come pounded for 14 years, and thats half the traditional rate. And inflation i think is probably easily underestimated by a percent. So it could be 2 or more. Yeah, if inflation was slightly higher, there is no growth in the gdp, no growth in the job number, there is government subsidized jobs and thats it. You are making the argument we have stagnated in another way, except i can show you a lot of people who got really rich over the last 14 years. So what does that say . That tells you there is massive bubble created by the easy money of the fed. When you have the Interest Rate in the money market at zero for 68 months running, you are inviting a massive speculation in carry trades, because overnight money is what they fund their positions with, whether they are Holding Government bonds or junk bonds or speculating in the stock market. The cost of the carry is free, and so therefore the speculation is enormous, the cap rate for valuation is too low, real estate is massively over valued, and the stock market isable is a bubble waiting to happen. If we go back to Mortgage Rates that are 6 or 7 , what does the economy look like then . Well, we go through a huge downward adjustment or repricing of financial and real estate assets, and it will be painful. It will be discourtant and dislocating as it happening. Commercial real estate especially on the two coasts is way overvalued, if Interest Rates normalize, and the cap rates go up to 7 to 8 , in other words the asset value is the inverse of the Interest Rate, and when the Interest Rate is being held down to the floorboard by the central bank, the fast money people have some wonderful years and then it comes to a halt when Interest Rates have to normalize eventually. David its always a pleasure to talk to you, thank you so much for being with us. Coming up next, the hightech gender gap, ill look at why so few women are in the tech field. Plus the United States announcing new sanctions against Russia Energy industry, but will they work . Those stories and more when real money continues. Will work out. Tough realities. We chicago chiraq, because we have more killings. Life changing moments. Shut the camera. From oscar winning director, alex gibney, a hard hitting look at the real issues facing american teens. The incredible journey continues. On the edge of eighteen only on all Jazeera America a crisis on the border theyre vulnerable these are refugees. Migrant kids flooding into the us. Were gonna go and see whos has just been deported. Why are so many children fleeing . Your children will be part of my group. Fault lines, al Jazeera Americas hard hitting. There blocking the door. Ground breaking. Truth seeking. We have to get out of here. Award winning investigative documentary series. No refuge children at the border only on al Jazeera America it is no secret that women are underrepresented in socalled stem fields of science, technology, engineering, and math. Women make up nearly half of the American Work force, more than half of the college graduates, but less than one quarter of those employed in those four industries. As recently as five years ago there was only one woman among the top 89 Venture Capitalists. There is a new book that saying the tech world is hurting itself and our economy. He was nominated one of the 40most influential minds in the tech industry. And among one of the top 100 global thinkers in 2012. He serves in other academic roles at Duke University and stanford university, from where he joins me now. Good to see you. Thanks for being with us. Thanks for having me back, ali. I spoke to David Stockman who was former budget director under reagan, and he was saying if you adjust over time our gdp growth in this country for the last 14 years, it has been about 1. 8 come pounded. In your book you say if american women participated in the labor market at the same level that men did, gdp would be 8 higher. Right. Every data point you look at tells you how much we are missing out on innovation and Economic Growth because we are leaving out half of our population. It just doesnt make sense. What problem were you solving for in putting this book together . If you look at the percentage of women studying Computer Science it has dropped from nearly 30 to about 18 over 15, 20 years or so. In other words women are being discouraged from entering engineering and science. If you look at the way they are treated in Silicon Valley you would be shocked. I have some really horrifying tails in the book of Amazing Stories like heidi rosen, on what she had to go through to get to where she is. Why . Why are we disadvantaging them . Its not that they are less educated than men are or less capable, in fact by almost every metric they are better than men. Women also have empathy. One of the major requirements is to design beautiful products. Guess what the critical ingredient in design is . Empathy. And guess who has an abundance of empathy . Women. Every metric, women win. Yet we leave them out, and therefore, we lose. In many other fields were increasing parity for women. They are half of the work force. They are now half of the college graduates. Why is their participation in technology decreasing . Because its a boys club. It starts with parents discourage their daughters from going into science and engineering. And when they do, they are made fun of for being too geeky. And then when they battl