united states. interest rates federal reserve chief janet yellen signaling a potential rise for the interest rates, with thesh whether mate a rate hike mean for your money? we're look ahead on "sunday morning futures." there are still important gaps with the deadline to make a preliminary deal now nine days away. kerry making the comments after meeting in london with the five other countries involved as senate leaders agree to push back a vote on a bill that would force the obama administration to get the approval of congress on any deal with iran. mississippi senator roger wicker is the senator of the senatorial committee and also serves on the armed services and budget committee. glad to have you on the program. >> glad to be back. >> what are your thoughts on where we stand in these talks with iran? >> i remain very, very skeptical about the talks and wary about having any confidence that the iranian regime is a group that will comply with an agreement that we might make. this is one of the most consequential agreements that we will have in my lifetime. it does seems like the congress of the united states or the treaty ratifying branch of the congress the united states senate should have a say in this i'm skeptical, i don't think the iranians have complied in the past with the minor agreements they have made, and i don't have much confidence, but i remain hopeful and am listens. i ayatollah is pushing back calling the americans bullies, and the president is actually speaking directly to the iranian people. what if a deal does not happen? what are your thoughts on the consequences of that? >> if a deal doesn't happen, the sanging will stay in place and the iranian people will pay the consequences. mentioned the ayatollah yesterday he appeared before the rally where people were chanting "death to america." i don't remember a country we ever entered into a meaningful treaty with where the people were chanting "death to america" and i ayatollah actually spoke words approving that type of rhetoric. so to me it means that the very top leadership of this regime is a group that's out to be our enemy, and we should approach any agreement with the utmost care and skepticism. i do not trust a regime let by an ayatollah and supreme leader that the tolerate this receipt ricks. >> just a few days after the president decided to make a video to speak directly to the people of iran. stay with us. we also want to talk about the crunch time fast approaching what are the gaps that the world powers must successfully close. eric shawn has that angle. good morning to you. >> good morning, everyone. nine days to go, and a glimpse into his thinking that's not exactly -- as he uttered the magic words yet, the offensive mantra we have heard so many times before, "death to america." >> this has been a 2 1/2 year or more process, but we recognize that fundamental decisions have to be made now, and they don't get any easier as time goes by. it is time to make hard decisions. >> who will make those hard decisions? the u.s. and world powers or iran? among the remaining uncertainties, if the agreement will expire in ten years, the number of iranian centrifuges, whether sanctions will completely drop and will raw really open all of its nuclear facilities fully for u.n. inspections. president obama in an interview with "the huffington post" seemed to zero in on that need. >> what will have an impact on whether we go ahead a deal done is number one, is iran prepared to show, to prove to the world that it is not developing a nuclear weapon and can we verify that in an intrusive, consistent way. frankly they have not yet made, you know the kind of conkegz that i think will be needed for a final deal to be done, but they have moved, so there's the possibility. >> in his video message the president wished the iranian people a happy persian new year but iran's supreme leader ayatollah ayatollah, he responded in kind, repeating that phrase "death to america." >> i promise you the regime will play out the clock, and inevitably will have nuclear weapons, and whatever dealing we do push through we will leave them at threshold capability. >> the supreme leader also accused the u.s. of bullying. the current proposal already gives iran the right to enrich uranium, itself a violation of six united nations security council resolutions. >> eric shawn thank you very much. senator, all very extraordinary events, particularly on the heels of what's gone on with israel. let me get your take on bibi netanyahu and his victory and how the president has discussed that victory and what he has said about a two-state solution recently after the prime minister won reelection. >> well i've been very disappointed with the heated rhetoric coming from the presidential spokesman. it seems to be the israeli people spoke it was a decisive elerks and surprising that the western pundits were not predicting anything like that. it seems to me in the be a good time for the administration and leadership of one of our closest allies in one of the most dangerous regions of the world to come together and start going in the same direction in unity. i was very disappointed to hear the hostilities coming from the white house spokesman today. >> in fact there were some people out there who said the administration actually sent people to israel to try and sway the election to bibi netanyahu would not win. what are your thoughts about the relationship giving the clear upset between the two leaders and the president's stance towards netanyahu? >> well, we need to have excellent relations, and we always have with labour governments, with likud relationships, netanyahu has been voted out of office before, we've always had coalition governments and always stood strong with israel. i was particularly concerned this week when there were noises from the administration about how we might in the united nations security council move away from a very strong support of israel and we might let resolutions go forward that we have prevented in the past. that is -- it almost sounded like retribution for the israeli people choosing the way they did. i think the obama administration got way ahead of itself in its receipt ricks, and it's time to pull together with a real ally. let me get your take on where the priorities are. you're on the budget committee. of course we know one of the big dangers to the military is the return of sequestration come this october. >> well, absolutely true. yes, there are a lot of priorities. one, of course, is a path towards a balanced budget. the budgets that the outs and senate will vote on this week actually get you to a balanced budget within ten years as opposed to the president's which never comes into balance over two decades three decades, the president doesn't even aspire to a balanced budget anymore, but yes, we can avoid these meat ax defense cuts that i believe harm our nation's security, and we can do that without adding to the deficit. we have devised a way to return to a higher level of defense preparedness, and pay for those cuts -- and pay for those increases with cuts and savings elsewhere. we're going to offset the increased defense spending and not add it to the deficit. >> because we are talking about some of the lowest sort of troops and small zest, what, air force since world war i? >> well, it's the smallest navy since world war i, the air force of course is a newer branch of the service, but also it involves personnel. it involves morale. the people who have stepped forward to wear the uniform of the united states see that we are nickel and diming defense spending, they become discouraged and they wonder if the american people are behind them. we don't need to send that if signal at all. we are going to avoid sequestration and pay for that money elsewhere. >> good to have you with us senator wicker. >> good to be with you. in the wake of deadly mosque attacks the u.n. security council agreed to a emergency meeting today. lieutenant general rich v newton will join mess next. let us know what you would like to hear from the general. stay with us as we look ahead on "sunday morning futures." sir, we're going to need you on the runway later. don't let a severe cold hold you back. get theraflu... ...with the power of three medicines to take on your worst pain and fever cough and nasal congestion. it breaks you free from your toughest cold and flu symptoms. theraflu. serious power. 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general newton. let me talk about this meeting as it relates to yemen. how concerned are you? >> i think it's a concern for not only the united states, but certainly or friends and allies' interests in the region as well. as you reported, the two bombings that occurred on friday with the mass killings of 137 arabs and muslims is significant. i think the fact that now we're leaving yemen, we have made great inroads there with our counterterrorism activities, particularly in counters al qaeda on the arab peninsula, which some may think, and i think i agree with this, one of the most dangerous terrorist organizations in the world. the president will meet with the president of afghanistan in town this week, what do you expect out of this meeting? this is clearly one of the major hot spots in the world. >> i think we're at a critical juncture in afghanistan. general john campbell has reported back to the president back to the secretary of defense, this critical junction further we are in is important that we continue to maintain or our force levels, but that with president ghani coming here this is a different president, someone that can bring coalitions together, so i believe he'll make a plea to continue our force levels. to continue that on through 2015, and into 2016 while the taliban is on a high footing right now, we need to make sure we continue the gains we have made in organizing, training and eequips the forces, so they can take over the fight effectively. i think that's what he'll ask for. >> we've been looking at this some somewhat of a piecemeal way soinchts we need to recognize we are in a war again radical islamic terrorists. all the way to tunisia, as we saw last wednesday, with an attack at the national museum. the fact that it's isis the fact that it's al qaeda and so forth. by the same token, though i think the american people should understand that we have to have confidence in our men and women in universal but we also need to make sure that our national leadership has the will and can muster the support of our friends and allies and certainly the port of the american people that this is a long fight and we need to stay in the fight. >> and then there's iran. >> that lays into it as well. in nigh 34 years on active duty i have never seen the international environment so -- so much disruption going on right now. and that's why i think it's important that we strong american leadership, strong american presence, we need to assure our friends and allies, we need to dissuade toss who want to join that fight, and we need to plik sure we eradicate this terrorism. >> we haven't been doing that. >> we need to be much more effective and need the patience and the will to continue this fight. >> general, good to have you on the show today. >> thank you. >> thank you are for your insights. a major merger, the ceo of cypress and lacest advancement on chips in cars and the economy, as we look ahead on "sunday morning futures." back in a moment. i've just arrived in atlanta and i can't wait to start telling people how switching to geico could save them hundreds of dollars on car insurance. but first, my luggage. ahh, there it is. uh, excuse me sir? i think you've got the wrong bag. >>sorry, they all look alike, you know? no worries. well, car's here, i can't save people money chatting at the baggage claim all day. geico®. fifteen minutes could save you fifteen percent or more on car insurance. mobility continues to dominate the technology industry. in fact, we are seeing weakness in the pc big because people are using more devices over their pcs right now. that's why you saw intel recently cut their revenue expectations. i'm joined to talk more about it by the ceo and founder t.j. rogers. good to have you on the program. welcome. >> i know you recently completed the closing of the big deal. we are seeing real weakness within the pc space. is that all about people using devices instead of their pcs? what do you think is going on? >> i think it's more about pcs than about the semiconductor market broadly. basically cell phones now have four some 'em have eight processors in them. each is as powerful as the pc was only a few years ago, and they pretty much can do a lot of the stuff that pcs used to do and you can put them in your pocket. there's a shift. we're now doing over 2 billion crennel foles a year. that has taken a wind out of the pc market. >> talk to me about this deal. you completed a $5 billion all stock merger with this company. why was this deal important to the growth at cypress semiconductor. >> you know the only phrase one plus one equal three and it turns out at cypress, that's how it works. they're number one in the world in flash memory, which holds the program of a computer in a semiconductor device, so if you look at the processor and any computing device this is static ram, and program and flash memory at the bottom. they're number one, we're number one, and we both make the processors for certain applications, in particular automotive, we're number three. so there's huge opportunity for the company on the top line. investors are says interested in the bottom line where we promised them $135 million in costs coming out of the combined company. that equates to about 35 cents a share without any is happening. >> because you have two headquarters, a double of everyone, so you could eliminate one of those and save costs. >> absolutely right. the expansion people at 1:00 california time this afternoon will come to the headquarters of cypress in our nice auditorium and have the first meeting over here. >> let me ask about the automotive industry more, i think folks are interested in hearing how their lives are going to change. what has happened one our cars that semiconductor chips have been so important and critical in terms of changing. i feeling like the auto today is more technology based than ever before. >> that's true. an automobile a high-end automobile today has 100 or more microcontrollers in it. they do everything from the most important, for example, they control the timing in the automobile of the engine, so that it always is firing at the right time, always the right amount of few injected. ultimate microcontrollers senses temperature any air and the engine, and adjustments the engine to make it work right. it guarantees the explosion will be as clean as possible and use as little gas as possible. so have been very clean cars, which we have today that still have good mileage, even for mid sized cars wouldn't be available without electronics, then it goes all the way to the minute day, i get in my car, i push a button, and the mirrors and seat gog from my wife's setting to my setting. o that's a processor that's as powerful as pcs were in 1990. it gives intelligence to ma mirror to take instructions and go to t.j.'s setting and it will move so all the way from that to touch buttons on the air conditioning, getting rid the knobs the dashboard is lit reall a big tv screen concerned around are and the speed ometer, run your finger across it, there's nothing there except a picture. >> i love it. it's so fascinating and become a better experience in your car. health care is another one. i know you make some chips for the watches that are monitoring our fluids heart rate, all sorts of stuff. >> the next revolution after cell phones, and the one we are excited about is puttic computers and electronics in something about that big. of course the challenge there is as opposed to a cell phone battery which is about 4 millimeter thick with a current, the watch battery is 100 times more or less, so you have to make a computer run on a watch battery. that's a big challenge but if can you do that, you can have the dick tracy watch you can have sensors that look at your bodily function. you can send the data from your watch in a slightly processed form to, like, a cell phone or another system, where you can store the data and record it. we're just in the beginning of that. you know, the fitbit and other kind of products we have right now, they're just exploring the market but the next thing will be bigger than cell phones is wearables, we call it. >> i love it. let me ask you i feel like companies today are trying to grow in an environment where the country on an economic basis is just not seeing all that have growth at all. we saw retail sales recently down for three months in a row, how do you characterize the broad outlook for the economy and for people's lives. we're seeing headlines that things are getting better but most people are not feeling it trickle down to their household. >> well, the headlines that things are getting better come from people who benefit from headlines that things get better. the fact is the economy is a little bit better, the unemployment rate is down to 5.5%, but we've two presidents in a row one rupp, one democrat whorks have taken money into washington and spend it the way washington always does, unproductively. if they left the money with people or company, it would have created more economic benefit being left alone. that's what we're suffering from. we're recovering slowly. i can see it here in silicon valley. >> we appreciate your time today. thank you for joining us. >> thank you. t.j. rogers. seem press ceo. meanwhile, all eyes are on the fed reserve. a leading analyst is to break it down. and then oar panel on 2016, as we look ahead on "sunday morning futures." now? can i at least put my shoes on? if your bladder is calling the shots ... you may have a medical condition called overactive bladder ... ...or oab you've got to be kidding me. i've had enough! it's time to talk to the doctor. ask your doctor how myrbetriq may help treat... ...oab symptoms of urgency frequency, and leakage. which may mean fewer trips to the bathroom. myrbetriq (mirabegron) may increase your blood pressure. myrbetriq may increase your chances... ...of not being able 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