Transcripts For FOXNEWSW Sunday Morning Futures With Maria B

Technology giants in the world about to hit the stock market. While a potential ipo could mean for your bottom line and the u. S. Economy as we look ahead on sunday morning futures. This is following president obamas message to the United States and the world this past week asking the u. S. s strategy to taking on the Islamic State terrorist group. The president broadening air z÷ and adding the u. S. Will not carry the burden alone. Congressman, welcome back to sunday morning futures. Good to see you. Lets talk about this horrific beheading. Do you think this galvanize the u. K. . Its no secret that David Cameron sprang into action and spoke to his people. Does the fight become that much more important for them now . It certainly should. I think it shows the ruthlessness of these people and how they are in it to go all the way. We need to be in it all the way. We cant deal with this with halfway measures. We need to go after them and after them hard. Which is why David Cameron left what he was doing and went right to his desk to Start Talking to the people of the u. K. Whats your reaction to it the president s behavior recently and most importantly his speech this week . He reversed some of his positions. Hes said before he didnt want to go into syria and that isil was a juniormv sw varsity. He realizes now they are a very serious threat and we have to really go after him. I think his strategy is a good start. I would be much more robust in putting boots on the ground. He seems to whenever he talks say the first thing is no boots on the ground. Hes already made that decision. We already have boots on the ground. We just have to make sure we have enough to give iraq the support they need to beat isil in iraq. We have to provide the training, the logistics, the ground air support, and the things that they cant do for themselves to make sure were victorious there. Then we need to get our moderate sunnis and neighbors in the area to jump its going to take time to get them up to speed. Meanwhile, when that happens, well be able to squeeze isil between syria and iraq and not let them move into jordan or lebanon or other surrounding nations. We need to finish them down. Every day we wait, they grow stronger. I want to ask you about how we pull that off particularly the air strikes in syria. So stay with us, congressman. A lot to talk about with you this morning. First, were hearing secretary of state john kerry making headway in gathering a coalition to fight isis. What does help from arab countries really mean for the United States . Fox news Senior Correspondent has that angle. Good morning. We just heard the congressman talk about neighbors in the surrounding states. They are part of that 40nation coalition. How will they really help and are iraqi troops, kurds and Syrian Rebels really enough to route the radical islamic terrorists of isis . This is not about british combat troops on the grgv 1oy it is about working with others to extinguish this terrorist threat. As this strategy intensifies, we are ready to take whatever steps are necessary to deal with this threat and keep our country safe. Despite his blunt talk, british Prime Minister David Cameron is ruling out direct military action against isis echoing the refusals of other countries. The heavy lifting will be done by us. Saudi arabia offering a base to fight rebels but allies need to do much more. After all, saudi arabia has received more than 86 billion in American Military aid since 2010 and can field more than 233,000 active frontline troops that happens to be more than france and Great Britain. Egypt gets 1. 3 billion a year from us and can employ more forces than saudis. 468,000 troops and jordan, which received more than 81 million in u. S. Military aid since 2009 can field more than 110,000 forces. But for now, the proposed on the ground remain those who are already there. The Free Syrian Army claims it can win with our help. We have seen the Free Syrian Army actually cause considerable damage against isis so now is the time for the United States to implement a department of defense train and equip program to help the Freedom Fighters hold the line against the terrorists and eventually eradicate them. The u. S. Is also pressurie i tushie to stop millions of dollars of oil sales that funds isis and one way to do that is for u. S. To blow up those oil tanker trucks but that hat ns n yet happened. Congressman, what about that . This strategy is imagining weakening the Islamic State but not indirectly strengthen the ruthless governments of assad or rival Network Within al qaeda while at the same time trying to build a moderate syrian opposition. Can we pull that off . We can. One of our problems is during the last couple of years weve cut so much out of our military budget, the last couple of years and Going Forward the next eight or ten years weve got over a trillion dollars so were asking our military to do more and more, which we have to do, but we cant keep pushing them to do more without giving them the resources that they need. So if weve got to make up our minds. If were going into this, we have to do it and give the military the help that they need to be successful. We cant keep asking them to do more with less. So do we need to start ramping up our military budget once again . Are we at a point given the realities of what has occurred that we need to change direction in terms of spending on the military . I think theres no question. Weve talked about taking our army down and were on a path to do that. Smaller than its been since the start of world war ii. Our air force the smallest its ever been. Navy back to the size it was in world war i. We have to change our direction. If were going to ask them to fight these vicious threats that we have, which i think we need to do, and they cant do it without having the ability to do it. You make a great point. As we wrap up here, i have to ask, what about this characterizing, changing the direction of characterizing what is at hand here. The semantics of what we call this. Why is it so difficult for john kerry to just say and this administration to just say, yes, we are at war with isis . I dont understand. Actually, its called isis, isil, i just came back from the middle east and they call it dash over there. I call it isil because what their goal is back hundreds of years ago they controlled the arabs controlled that area for almost 1,000 years. What i was talking about is the word war. War or isil or war on isis . Whatever they call it i dont know why they dont want to say that word. Its like it cant go past their lips. It is war. We got to face up to the fact. Congressman, good to have you on the program. Thank you for your insight. Buck mckeon joining us. What strategy advice does a chess grand master have for our president when it comes to taking on vladimir putin. Gary casper is with me live next. Follow me on twitter. Let us know what you want to hear from gary. Hes coming up next as we look ahead on sunday morning futures. car starting great. This is the last thing i need. Seriously . Lets take this puppy over to midas and get you some of the good ol midas touch. Hey you know what . Ill drive i really didnt think this through. Brakes, tires, oil, everything. whistling dad,thank you mom for said this oftprotecting my future. You. Thank you for being my hero and my dad. Military families are uniquely thankful for many things, the legacy of usaa Auto Insurance could be one of them. If youre a current or former military member or their family, get an Auto Insurance quote and see why 92 of our members plan to stay for life. 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We have a writer and political activist thrown in jail by vladimir putin. Gary, good to have you on the program. Welcome back to sunday morning futures. Let me kick it off with russia. I want to read you a quote from henry kissinger. The russians play chess. We play spopoker. Putin exceeded beyond what could have been his expectations when this crisis started. Is putin winning . Yes. I think that at one point putin wanted more. I disagree with mr. Kissinger. Its the opposite. America is trying to play chess. Putin has been playing poker all the time. Always had a weak hand but he held the bluff and he expects and unfortunately he wins expecting western leaders to blink. Get into putins head for us here. What is his next move . The sanctions have been expanded. Do they matter in your view . Theyve been expanded but its still too little and too slow. These auctisanctions are in pla march. All western powers agreed to supply antiaircraft missiles to baa had a chance to avoid the disaster that emerged last summer. Unfortunately its always reactive. White house european union, all major european powers, they are trying to find not middle ground but not too push too hard and unless you show strength, the aggression cannot be stopped. Is there a level that actually would impact putin and his economy so much to the extent these sanctions are hitting Defense Companies and hitting energy companies. When is it going to hit his economy and his people that this is the wrong track . Eventually it will hurt badly. They could do much more. And first of all, they could aim at individuals. Yes, they had a list of individuals but dont forget money, the fortunes, tens of billions of dollars moved to the west and under control of their families. Their families are comfortable there while putin is in a circle and locked in russia and they know that fortunes are safe and also russian has currency reserves. The real money thats not yet hit by u. S. Sanctions. Let me move to the president s strategy. What should the president s strategy be as you look at his reaction to isis, his speech last week . Again, its too little and too slow. You may say too late but its slow. They recognize the realities but it had to be done ages ago. Its emerged in the middle of iraq from nowhere and what its been doing to u. S. Intelligence or u. K. Intelligence. Even that difficult to actually identify the source of finance . I think the threat posed to the United States has not yet been properly contemplated by the white house. Im shocked by this fight on semantics. Are we at war . They declared war. And what brings together putin and isis and all other factions, they are attacking the United States as a symbol of the free world and for them its very important to show strength. All these beheadings and horrible videos is for the propaganda machine. They show strength and demonstrate impunity. Thats the way to recruit people from around the world who may be attracted by the fact that these guys can challenge america. The United States of america without being punished. Can the president and the u. S. Go this alone in terms of leading it or do we need more of a coalition . At the end of the day isnt the u. S. Leading this effort . Period. I think its semantic. U. S. Must show leadership. If you want to lead from behind, no one will follow you. Hesitations of the arab nations or even the United Kingdom whether to join america or not is based on the fact that for years america was a retreat. In 2008, with all these economic horrors that we have been facing six years ago, the world was much safer place. And i believe that the fact that we are facing so many threats today is due to obamas unwillingness to engage in the challenges. Thats the bottom line. Wonderful to have you on the program. Thank you so much. Well be following you on twitter. A big twoday meeting at the fed this week could impact your 401 k and your savings. Will janet yellen raise Interest Rates and then . Well get a prediction as we look ahead on sunday morning futures. So i can reach ally bank 24 7, but there are no branches . 24 7 its just im a little reluctant to try new things. Whats wrong with trying new things . Feel that in your muscles . Yeah. I do. Try a new way to bank, where no branches equals great rates. You throw your money away. Trash bag breaks, bargain bag users go through 60 more bags a year than glad users. Glad, strength that saves. 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The economy is growing about at 2 . Thats companies are sitting on their hands. I think thats a good analysis. What does this mean for the Federal Reserve . Janet yellen willv i have her s conference. Everyone will look for what words indicate where shes going with Interest Rates. Do you think rates start in a substantial way in 2015 or beyond . I really do. Youre going to hear from me difference in judgment than youve heard from me in a long time. I think theyre in the early stages of a pivot. It started in jackson hole with Janet Yellens very balanced and of the economy. That doesnt mean that theyre going to race to raise Interest Rates quickly but i think markets if you look at the Foreign Exchange value of the dollar, if you look at the treasury markets, markets are sniffing out the fed is closer to moving Interest Rates than they believed some weeks ago. I think shes going to continue to demonstrate that shes not some caricature dove but at the upcoming meeting this week theyll suggest if the economy continues to do as well as they think it will, and they are optimistic, Interest Rates will move up perhaps as early as spring. As early as spring of 2015. Im glad you mentioned the dollars. Thats been the story of markets certainly in the last couple of weeks and months. The dollar is moving higher versus theh yen. What are implications. What are your thoughts on the dollar so strong . So the dollar is the best economist i know. The dollar says that u. S. Economic growth isnt great but the difference between u. S. Economic performance and the performance of the rest of the world is getting bigger and