Learn here . And a blow to conservatives groups, a judge hands them a disappointing ruling. What it means for those seeking justice from the tax agency. As we look ahead this morning on sunday morning futures. President a longterm project. But one that must involve a deep commitment from the iraqis themselves. This as the u. S. Conducts a third round of air strikes this morning in the northern iraqi region where isis has been for rising religious minorities. The u. S. Army former vice chief of staff. Hes now chairman of the institute for the study of war and a fox military analyst. Thanks for joining us this morning. Good morning. Good morning, you really were one of the key ark teblgts for the surge in iraq back in twep. Can you characterize these air strikes, how would you assess them. These are defensive air strikes designed to protect our american presence achkd also to protect the refugees on top of mt. Sinjar. We have had three rounds, friday, saturday and sunday, theyre attacking isis positions that would threaten those locations. So theyre very limited, totally defensive in nature. What do you think the future of the u. S. s involvement in this iraqi conflict will be . I think eventually were going to involve and range from defensive air strikes, to offensive air strikes. Right now isis has total freedom of movement. They are attacking six other locations inside iraq and also in syria and lebanon. They have initiative and freedom of movement. To stop that initiative. To start locking them up, to stop them from moving, we would have to change the mission that our commanders have now, which is defensive do offensive air campaign, which would then permit us to engage the command and control or head of iso, the tail of isil which is maneuvers. We would engage all three simultaneously. That said, maria, that would stop them to defeat them and drive them out of iraq, would take ground forces, not our forces. And airpower support it. But i think thats months away. I want to ask you more about that, particularly the defense moving to an offensive position. More on this. How much ground has isis gained good morning, everyone. Reports of christians being executed. Children in mosul beheaded, their heads put on a stick in a parker as a warning. Those are the actions of the barbaric Islamist Terrorist Group isis. Could any of this have been prevented . I these that there is no doubt that their advance, their movements over the last several months has been more rapid than the intelligence estimates and i think the expectations of policymakers both in and outside of iraq. And president obama said the administration appears to have been blind sided but the islamic terrorists took iraqs second largest city, mosul two months ago today on june 10. And reports say the president repeatedly turned down desperate pea pleas from the Iraqi Government and the curds to take action. 40 thooirks yizidis face like the nazis killing jew, isis targets krig s christians. Men are being mass cushed, women are being raped, children are being beheaded. They are trying to wipe out chr christianity throughout the entire middle east. Theyll raise the flag of allah at the white house. And sadly we have heard that before in the spring of 2001, just months before 2011, a Group Supporting Osama Bin Laden protests inside the United Nations vowing to raise the flag of al qaeda over the white house. That group was determined not involved in a 911 plot. But 13 years later u radical islamic continues that call and now they scroll a large swathe of syria and iraq. Thanks very much, eric shaun now more with general jack keane and you heard erics reporting, do you think it was a mistake to pull the troops out of iraq, could this most recent upset have been avoided . Well, to a certain degree it could have been avoided, certainly the 2011 president ial decision to remove all our troops, what that denied us, maria is the opportunity for the al qaeda who admitted defeat in 2008 and 2009 because of a surge, when they raise their head again, we would have pounced on them with our Counter Terrorism forces, also we would train and grow the iraqis. The second key decision in 2012, when isis had moved into syria, clinton, petraeus, the secretary of defense all recommended to president obama to train the syrian army who was the only one that wanted to engage isis, the president said no. In june of this year, when isol moved into mosul so rapidly and surprising most everybody because of the collapse of the iraqi army, maliki desperately asked for air strike assistance and we denied that. If we had been pounding isis for the last two months, i guarantee you theyre not sitting at the base of the mountain. We would have stopped their Forward Movement and taken away their initiative and the freedom of their movement. Who is providing isis or isil with artillery . Who is really the money behind this . Whos helping them . They dont need any help now, they did have some shakchic sh any bran banks they have gone into, they have taken the money. What is so interesting here is that we know what banks theyre using and we know the seven Portfolio Managers who take care of their transactions every day, that should, both of those issues should be targeted. We should arrest those people who are managing the money and we should take the money out of the banks, those banks are in the middle east. We did this with the chooid, the u. S. Treasury, largely in europe but also in the mideastern banks, this is a nonmilitary intervention, that we could clearly do and take their support away from them. They got oall of that from the iraqi army. So do you expect that we will do that and what should the American People understand about the u. S. s involvement in iraq in the coming six months . Well, first of all, i think our involvement in iraq will continue to grow. And i think, you know, whats happening now will condition the American Public and well continue to learn more about this threat. The reason i say that is because isis has to be stopped and im confident even though the president does not want to get involved militarily, at some point he will have no choice. Isis threatens the security of the middle east. Also as noted before, maria, isis also threatens the security of the American People. We will get involve more significantly than we are now. Im not talking about our combat troops, but im talking about our airpower, to help the sunni tribes, to help pers israel has more startups than any other country in the world by far. How ask it that people there can manage to do so much under such constant chaos . Well speak with the author of the book called start up nation, you can follow me on twitter, let me know what you would like to know from dan cino and our guests today. Were looking ahead today on sunday morning futures. E. [ male announcer ] its one of the most Amazing Things we build and it doesnt even fly. We build it in classrooms and exhibit halls, mentoring tomorrows innovators. We build it raising roofs, preserving habitats and serving americas veterans. Every day, thousands of boeing volunteers help make their communities the best they can be. Building Something Better for all of us. There was like an i haderuption on my skingles. And burning. Id lift my arm and the pain back here was excruciating. When i went to the doctor his first question was did you have chickenpox . I thought it was something that, you know, old people got. Welcome back. Another new shaky ceasefire in gaza this morning. But only after another Weekend Exchange of rocket fire between israel and militant groups there. This is nothing new from israel who gets its targeted assault and yet the people there have not only survived, in many ways they have thrived. Dan cino is the author of startup nation, hes now elliott managements senior adviser. Thank you so much for joining us, first, before we go into really the upset this morning, what do you think it is about israel . You wrote in the book a lot about the military culture. Almost every single israeli aged 18 goes through an experience, males for four years, females two years. By and larges, almost every israeli gets this management experience, this leadership experience, how to manage and survive and navigate in chaos, so when our young people are going into college, 18, 19, 20, 21, theyre going into the army and getting real leadership experience, then they go into university and theyre hard wired at a very young age skills how to deal with ambiguity, how to improve vice and how to lead. And also the norm is what they see today and has been a long time. Even though this is a very serious crisis that has accelerated. In 1991, iraq launches, during the first gulf war, iraq launched scud missiles at israeli. Israeli were in sealed rooms and gas masks. At the time intel, which is the Second Largest Company in israeli was getting ready to market a chip. And they had to make an employee to call all their employees in, even as the scud missiles were landing, over 80 of the employees showed up on the first day of the bombing, on the second day, almost 100 . There was a sense of mission, no matter what you throw at us u, we will deliver, we will perform. Intel israel never missed a shipment. That culture permeates israeli society. Venture fundings and startups have boomed in the last two months. Theyre up almost 80 in terms of startup funding, they do that while theyre in crisis, but when theyre not in crisis, nothing excites them. Israeli startups are unfwlapable, nothing surprises them. There are efforts at a cease fire, it doesnt last, once again, same thing overnight . Yeah, its tragic. The reality is, the arab world is divided right now, many countries like egypt and jordan and saudi arabia have been quietly rooting for israel on this. The israeli public is united. Israel has decembimated a lot o hamass capability. But israel has to have something to show for all this rubble. So israel has achieved most of its military objectives in the shortterm. They have decimated these labyrinth of tunnels. Israel is really responding to hamass constant provocation. Let me switch gears because you were the spokesperson for iraqs coalition, provisional authority back in 2003, 2004. What is your assessment of these air strikes. The cpas northern headquarters is right inn erbil. Can you tell us about these clashes of culture . I would say that the Kurdish Community up north right in an around erbil, and this kurdish town that was being evacuated was some of americas best friends in the world, the kurdish in northern iraq. We are on the cusp of watching a human controversy if isis is able to persist. The strikes that the president has authorized, im not sure theyre going to be sufficient. Were going to need at some point some come combination of airpower, intelligence capabilities on the ground, arming of the local forces, including the peshmerga, the curd i beliekurdish island. Were going to have this huge ungovernable skpas on the iraqisunni border that is going to be ungovernable. And in the hands of islamic extremists. It was kind this could be the same dynamic, its just much more valuable real estate, an area in iraq and syria that isis is trying to take over is strategically valuable territory. We have got to do more, i believe, than just simply say were going into proo teblgt american civilians and american troops which we could be doing, and helping the minority communities, we have got to lost think strategy teej clay about how we protect this whole area from being overrung. The president has beened a mampbt about this and were reengaged. We are reengaged, iraq is now a country thats perplexed three president s including this one, we do not need a full bore ground presence, we will need some kind of special ops or intelligence capabilities on the ground to help the airpower. Up next, stocks on wall street surging and the u. S. Economy reportedly now thriving, so why do nearly half of all americans feel like theyre still stuck in 2008 and the recession . Where is the disconnect . Well talk with the ceo of the top Bankers Association about what is really going on as we look ahead at sunday morning futures stay with us. Despite what any economist out there says, Americans Still feel like theyre in a recession. Five years after Vice President biden promised a summer of recovery. 70 have said that the president is heading in the wrong direction. Alex, good to have you on the program. The stock market is near record highs, we got a gdp report that showed 4 growth for the First Reading for the second quarter, and yet, these poll numbers are just disastrous, why do you think that is . Whats the disconnect . I think here on main street, good morning from tampa, florida. I think there is a deep concern about a lot of issues, obama care, taxes, regulation, i think we need leadership, i will tell you, you know, the congress and the president both get blamed. I will tell you, though, the house on a bipartisan basis still needs leadership, and we need more leadership from him and i think the American People are feeling it. One of the concerns that we have is the journal reported in march that 31 trillion has moved from the fdic banking world which is very regulated to the nonregulated shadow banking industry. Thats bad news for americans, these are payday lenders, these are mortgage brokers. No ones really basically regul regular lating those folks, and when the americans have to go to these sorts of providers its bad news, dodd frank and the tens of thousands of pages of regulation are driving the lenders on main street out of business and selling, thats Community Banks. What would you like to see . I mean your focus really has been regulation, so youve got dodd frank, youve got the Affordable Care act, the new epa regulations, what is most honorous and what would you like to see the president do at this point . I think we need relief for our Community Bankers, maria. They provide 60 of the loans to Small Businesses which is the main provider of jobs in america, and you know what Small Businesses are telling our bankers . Hey, look, were not borrowing because we dont know what the future holds, we dont know what obama is going to do, obama care is going to do to our costs, even the office where obama care is going to be administered, the federal Government Office has finally admitted in march of this year that the insurance costs for Small Businesses has doubled, so theres a lot of uncertainty. I think, you know, you have things where our young people are not buying homes like they used to, were at a 14year low for move mortgages in this country. What kind of costs are we talking about, alex . How would you characterize the substance . I mean how would you characterize the actual costs that businesses are faced with today and is that the reason that theyre not putting more money into hiring and providing benefits for longterm workers . I think so. Lets take for instance the obama care rules. I mean, you know, obviously 50 employees or less. Youre exempted from that. And you know, a lot of Small Businesses are going to toe the line and keep under that number so they wont be under the obama care rules. Right there, thats an inhibitor of job creation which is very important from our Small Business sector. So for our Community Banks, you know, were hiring more compliance staff and more lawyers than we are lenders. Its sad when you go to a Community Bank mar heia, you ha things Like Operation choke point that was administered by this attorney general, with the federal banking regulators and the last time i was on with you, we talked got this, the fdic two weeks ago because kind of moved away from operation choke point, and that operation choke point was to closed down the accounts of legal businesses in the united states. Maria, for the first time yes . Please, continue. For the first time, maria, in over 70 years, we had the longest period of time in this country where a Community Bank has not been formed in our country, its been over six years that a Community Bank has been chartered. Why . Because Community Leaders dont wanting to take the risk, just like Small Business owners dont want to take the risk and expangd and get into this business. Do you think go into midterm elections, do you think new money will be unleashed in the economy where businesses will feel like perhaps regulation will be a little a al olliated r them. Many have said that dodd frank andrelief, epa, maybe not totally d dismanltalling that program. Right now that confidence does no not exist, when i talk to our bankers about the commercial pipeline, its wide but not deep, many Small Businesses are not borrowing, theyre holding back, and were technically out of this recession, i expected this in 09 and 10, 11. Alex, its good to have you on the program. Alex sanchez, joining us, ceo american florida Bankers Association. A court ruling about lois learners missing emails a set back but not a defeat. trader vo i search. I research. I dig. And dig some more. Because, for me, the challenge of the search. Is almost as exciting as the thrill of the find. announcer at scottrade, we share your passion for trading. Thats why we rebuilt scottrade elite from the ground up including a proprietary momentum indicator that makes researching sectors and Industries Even easier. Because at scottrade, our passion is to power yours. You knso i get invitedpeople have saved with progressive, to quite a fewfamily g. Heck, i saved dith here a fortune you make a mighty finesus, ml. Im nosaying marks thrifty. Lets just say, i savehim 519, and it certainly didnt go toward that ng. Am i right [ laughs [ dancmusic playing ] so visit progrsive. Com today. I call this one the robox. From americas news headquarters, im eric shaun. Here are some of the other stories that are making headlines at this hour. Fresh off being hammered by a tropical storm, hawaii is now bracing for hurricane julio. Fortunately the worst of julio is expected to miss the state. Meteorologists expect the storm to pass between 150 and 200 miles north of hawaii and thats a distance that should keep julios widespread winds away from the island. Tony stu wart will not race in new york, just hours after a trj tragedyics incident. Two competitors collided on a track and that blue out a tire on wards car. After that ward exited his vehicle apparently a walking towards the track to show his displeasure with stewart. A local sheriff indicated that stewart has been fully cooperative and is not being investigated as a criminal matter after the other drive was struck. The doctors will be in, dr. Siegel will join us for sunday house call at 12 30 eastern. Im eric shaun and back to sunday morning futures with s maria. Welcome back a judge this past week disappointing conservative groups seeking to sue the irs denying their request to let a independent expert search for lois learners emails. This after another white house official, marion tanninner who ask key to the rollout of obama care. Want to bring in our panel, right now allen murray is the new editorinchief of fortune magazine. Judith miller is adjunct fellow, shes a Pulitzer Prize winning journalist and a fox news contributor. A former press aid to jack kemp, when kemp was the Vice President ial gop nominee. Hes now president of radio talk news network and a fox news contribute for. Lets kick its off with the irs. Big set back from conservative groups . This is a minor set back, its basically how theyre going to get these lost emails and whether or not the judge is going to allow this independent you have to go through a regular process, the biggest case im going to look at is if this judge will throw out and dismiss this case which is what the governments asking them to do, were going to learn that in the next two weeks. I think were going to see these emails one way oar another, i dont think that darrell issa is going to give up at all. I think theres so much interest on the part of the American People on this story, its not going to go away. Whatabout that marilyn tanninor has also hidden emails. Theres a lot more to learn about this incident. What happened at the irs is very, very disturbing. I think this ruling is not something to get too hung up on. This was appointed by george w. Bush, its not a political ruling, its let let the Inspector General have a stab at this first. What you said is really critical. If they dismiss this case, while they . Emails . Theres too much here and as we all have agreed, three out of four americans think something bad happened in the irs that we should know about, if they short circuit this entire process by dismissing this case, i think theyre going to have a lot of interesting hangups there. This is a law agency so this is not going away. Theyre extremely good at thinking up creative ways as we have now seen to tax corporations or to make sure that corporations pay taxes without loopholes. And and they deciding on obama care. It was instrumental in passing obama care. Clearly if these emails are being deleted on both sides, its part of an effort to conceal something. I spent a lot of time on this, its the increasing polarization of the American Public along these issues. And of course, you know, if you look at govts workers, for the most part, they fall on the democratic side of the equation. And its a very harm testimony thing to see these kinds of divides which i think is part of what happened. Stay with us, panel, we have a lot more on whats coming up in the day. Howie, what have you got in the next 20 minutes . Good morning, maria a actually im out in l. A. Where its a little bit early. Were going to look at president obamas shaping the Media Coverage of the air strikes in iraq, and my special guest is chris wallace, but well chr chris too partisan, that were not credible. Well see you in about 20 minutes. On tuesday, well discuss crimea with russian lawmakers and well take a look at the crises impacting the world stage. Well be right back. Welcome back, were back with our panel. Taking a look at world affairs, lets talk russia for a moment. This thursday, putin has a meeting with other lawmakers. What are you expecting there . Im trying to get to thursday. Im more worried about what hes going to do between today and tuesday, we have donets, they are falling, is he going to fall across that line and is this meeting going to be overshadowed by events . From an economic standpoint, i feel like it really is about the european economy and that keb kebl connects the dots to the u. S. Economy, will they go probably not, look, maria, i think the biggest economic issue here is this whole suite of Foreign Policy issues, you have a president who clearly does not want to engage with these issues, you have a public that clearly all our polls showed doesnt wanting to engage with these issues, and what were learning, when the u. S. Wants to engage, it becomes a very dangerous place. And h he leads from behind, and he asked me, what do you think leading from behind means, it means youre following. There is no other support is the problem. Hes segmenting it, hes allowing actors in certain parts largest dominant geo political player. We have the egyptian president are going to try to go the u. N. Route to do some of the demilitarizization of gaza. Putin is a major player and we have not found one thing to adequately check and these sanctions are not strong enough. And you talk about the european economy, its all based on russian natural gas, its going to reenergize the debate about natural gas and putting that into the market. This is a topic thats going to be really critical in the u. S. As well, as so many expect the u. S. To become an oil exporter. Let me ask you about gaza, about iraq, in particular, lets start in iraq, more arrest strikes today, no ceasefire. What do you think happened . I think in iraq, what we really must do is what the president addressed in his brief press conference before he went off to his vacation on marthas vineyard, is that we must persuade maliki to step down, because he has Prime Minister is a nonstarter. You cannot you cannot befriend the sunnis, you cannot pry them away from isis without getting rid of maliki. He has to use diplomatic leverage for that, but where is qatar . I mean qatar has been supplyi i isis, we have a huge forward base in qatar, they want us to say theres no transparency. I thought general keane was very interesting at the beginning of your show maria, where he said the president doesnt want to get further engaged, the public doesnt want to get further engaged, american interests are at stake, its going to be unavoidable. As clinton did in gaza, he took the leadership and he worked in nato and he got the proper result. I think the most essential point earlier on your program maria, the curds, we have the arm the curds, this is an issue where its inexplicable where the nation could deny the most obvious shortterm solution to allow those on the ground, to fight it if we dont want to put boots on the ground. And the curds have been begging us to put an air base there for at least 15 years, we have kept our distance because we dont want to do anything that would appear to endorse the dismemberment of iraq, but now lets face fablgtss, we need to defeat isis. I think its extraordinary when you think about how many mideastern countries are with israel, they are not vocal about it, they are secretly wanting isis down and wanting israel to win this. And wanting hamas down, egypt and israel. Wanting hamas downing. Are defacto partners against iraq which iraq. Foreign policy is not my expertise, im an Economic Expert u but i dont know why the Obama Administration is saying we will not put boots on the ground. Even if youre not going to, what is the purpose of saying that over and over again. We have a dangerous world situation right now that probably needs to take precedence. Over oil. And speaking of, well talk about this disaster rouse poll this last week, retail sales coming out next week, whats the latest data going to show us about where we are in this economic recovery. Well talk got that when we come back with the panel as question look ahead on sunday morning futures. 9m i take prilosec otc each morning for my frequent heartburn. 9m because it gives me zero heartburn. Annc prilosec otc the number one doctor recommend frequent heartburn medicine for nine straight years. One pill each morning 24 hours zero heartburn. And were back with our panel. Alan murray, judith miller, tony sayag. This poll from the wall street journal last week i thought was so extraordinary. 3 4 of americans say that they do not believe their children are going to be faring better than they did. Alan, whats behind this . Yeah. And 49 think were still in recession. Of course technically we are not still in recession. But it has been a very long, very slow recovery, and its not surprising that that makes people pessimistic about their longterm futures. At the Pew Research Center we did polling in 40 Different Countries on this question, and americans now, we found only about 33 thought children would live better than their parents. Which is sort of a quintessential question of medal middleclass aspiration. In europe its far worse. But whats interesting is in emerging economies you really see that booming. In china over 80 . In countries in latin america, over 70 . Even in africa over 50 . So what you really see is optimism in the world shifting dramatically away from most of the developed countries. Wow. Thats not a good thing. I guess cockeyed optimism is over in the united states. At least for a while. But what struck me as interesting about those numbers is that yes, the president s popularity is down but not nearly as dramatically as those numbers. Given those numbers, i would think that his popularity would be even lower than it is. And the other thing is the implications of that for the midterm elections. Does that mean that the republicans really will take the senate if theres that much discontent and pessimism . What do you think . I dont know. It looks as if all objective actuarial tables show were going to lock at least at a minimum of sixseat gain which is enough to get the majority. Weve added seats that are now in play. Iowa, for example, oregon, new hampshire. Michigan. These were not states in the beginning of this cycle that were perceived to be competitive for republicans, and now they all are. I think the irony of this poll thats the most shocking is this is a president in 2008 ran on hope and change and all thats changed is americans are hopeless. 76 of americans saying our children will not be better off than us is devastating. And it goes to things, maria, where we could talk about the markets. And i know this is a financial show. And we could talk about wall street and other place thats are doing really well. Real americans are hurting. Their incomes are going down. Their takehome pay is going down. Their prices are going up on everything from utilities to groceries to cost of living. And theyre not feeling that hopefulness that comes with a robust economic recovery. Youre right. And next week we get another reading on inflation. The ppi report out next week. Retail sales, industrial production. Any surprises you think come out of these numbers next week . Well, look, i think that youre seeing slow, steady improvement. Retail segments really its way too slow. And while i dont think people are losing ground, theyre just not gaining ground very fast. And particularly people in the lower reaches. Not seeing wage increases. Theyre not seeing anything to give them real hope about the future. Weve talked about productivity and job creation. But when these jobs being created are parttime jobs where people have to work two and three jobs in order to have the income of the one job they used to have and will never get back, no wonder theyre alex sanchez made the point that the rule for obamacare, 50 or fewer employees, that could be an impact. They want to say i want to keep my employees to 50 people. What youd like to see at this point in the recovery is 300,000 or more jobs a month. Were only seeing about 200,000. Thats not horrendous but its not great. Quick break and then the one thing to watch for the week ahead on sunday morning futures. Stay with us. [ male announcer ] its one of the most Amazing Things we build and it doesnt even fly. We build it in classrooms and exhibit halls, mentoring tomorrows innovators. We build it raising roofs, preserving habitats and serving americas veterans. Every day, thousands of boeing volunteers help make their communities the best they can be. Building Something Better for all of us. Be a sound sleeper, or. L you mouth breather . Well, put on a breathe right strip and instantly open your nose up to 38 more than allergy medicines alone. So you can breathe and sleep. Shut your mouth and sleep right. Breathe right. And we and were back with our panel. Whats the one thing we are watching for the week ahead . Weeks ahead. Alan murray, judy miller, tony sayegh. Tony, what are you watching . If the president s going to do the right thing and arm the kurds. Boots on the ground. Air strikes are good but not enough. Judy. Im looking at the mosul dam, but if you control the water of iraq you control iraq. Weve got to get that away from isis somehow, someway. And im looking at the sinjar mountain to make sure that a bunch of nonislamic peoples are protected and do not become sacrificial lambs in this fight. Alan. Boy, id like to have a different storyline here but i think you have to be watching iraq in the next week. We cant turn away from it. The president cant turn away from it because american interests are clearly at stake. Weve got a new job fortune. Digital. Fortune magazine is a great, great brand but was kind of folded up into cnn. Com. Now its been taken out. So were going to be building from the start. Looking forward to it. Im going to look at Economic Data next week, in particular the ppi with the fed and inflation top of mind. Thatll do it for sunday morning futures. Good evening, everybody, president obama moments ago wrapped up the News Conference following the conclusion of the africa leaders summit. President obama, well, he was delayed by more than an hour beginning that News Conference and he held accord on a range of topics from ebola, executive actions, immigration reform, tax and sanks, russian sanctions and more. Mr. Obama was, to put it kindly, long on answers and short on substance. He revealed, indeed, about his administrations plans to tackle those issues a. Fekting the nation and the world. The president tried to project a leader
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