Out the winner in the deal, russia or the u. S. . And the ports on the west coast shocking our economy with a big black eye. Now the president is getting involved. Our panel and i look ahead on sunday morning futures. Well, the Iraqi Military put to the test, holding off isis militants at the al assad air base, where some 300 u. S. Marines have been training those iraqi soldiers. Meanwhile, here in the u. S. Congress is debating the aumf, that is the authorization for military force allowing president ial war powers to go after isis. Congressman peter king is part of the committee on Homeland Security, where he trains the subcommittee on counterterrorism and intelligence. Good to have you on the program, welcome back. Maria, good to be with you, thank you. First, lets talk about this authorization for military work that the president is looking for. How will you vote, what are you hearing from your colleagues in congress . Maria, i would have to vote against the authorization the way its written now by the president. I would support an authorization, which gave the president all the power that is needed, but in this case ive never heard this before, the president is sending requests to congress to cut back on his power. It only covers the next three years, it basically puts ill restrictions on the Ground Troops and as commander in chief, the president should have the authority, he does have the authority, to use all the force he wants. Why would he Want Congress to limit that . Again, this to me is a classic example of this president being reluctant to use power and sends the wrong signal to our allies who wonder why wed be reluctant to use the power, and secondly, encourages the enemy. Put a threeyear time limit on it, basically said were not going to use Ground Troops. I guess only in the most extreme circumstances. No president should put himself in that position, and we shouldnt put our u. S. Military in that position. Are you saying that the president is asking for restrictions on what is already in place which went into effect after the 9 11 attacks . Yes, under the authorization that went into effect back in 2001, the president basically has authority to do whatever he has to as commander in chief. Now hes asking for restrictions on that, and now hes doing it under the guise of saying he wants authorization to go forward, but he already has that. Listen, i see the importance of Getting Congress to be with him as far as the authorization, but if you go to do that, dont take away power that he has. Again, if its important enough for americans to commit militarily then its important enough for the president to have the authority and power to do what has to be done. If it turns out Ground Troops are not necessary, fine, but the fact is the president should always have that prerogative and the enemy should always have the fear we are going to use them. You know, its just extraordinary, this lack of enthusiasm around this most recent authorization. Stay with us, congressman, we want to talk to you about a lot this morning to get to with the breaking news that we were talking about all weekend. But first, to better understand the president s aumf in the war against isis lets compare it to the 2004 authorization. Eric shaun with that angle. Good morning to you. Good morning, maria, and good morning everyone. It goes by those initials, aumf, standing for authorization for use of force against terrorists. Who could be against that . Well, it turns out president obama is facing opposition from both sides. The resolution we submitted today does not call for the deployment of the u. S. Ground combat forces to iraq or syria. It is not the authorization of another ground war like afghanistan or iraq. No socalled boots on the ground, he vows but a plan to face isis for the next three years, as 3,000 u. S. Forces are already in iraq but will it work . The aumf calls for a limited role for u. S. Troops, allowing for the deployment of special Operations Forces such as coordinating to air strike targets on the ground, quote enduring offensive combat operations and reveals the 2002 aumf against iraq, but as congressman king noted, not the broad based authorization that began the war in afghanistan. Im concerned about the breadth and vagueness of the ground troop of the ground troop language, the limitation against enduring offensive Ground Combat operations suggesting that all defensive Ground Combat operations are okay. Im concerned that all hes really talking about is containment over a long period of time, and megan, i dont think we can really toy with isis over a long period of time. I think we need to take them out. Well, some o points fear the measure could lead to endless wars others worry its not enough. The president needs to have an overarching strategy to deal with this growing terrorist threat. He has yet to do that. He continues to look at this as a counterterrorism effort, when, in fact theres a war under way. So congress debates, officials fear iraqs Anbar Province could potentially fall to isis, but president obama is optimistic that congress will eventually approve his request before its too late. Maria . All right eric, thank you so much. Eric shaun. More now with congressman peter king. Congressman, i think its really interesting what you just said, you would have to vote no for this authorization. Your colleague senator corker also says hes in no rush. Why is this such a lack of enthusiasm around this . Well my reluctance is because the president is putting restrictions. I think it would make the situation worse and on the other hand you have democrats, also some of the isolationists in the republican party, who dont want us engaged in a ground war no matter what. Im just saying, if youre going to go to war and this is a war you cannot be tying the hands of the president and the president should certainly not be tying his own hands. He should have the prerogative to do whatever has to be done to win and protect american troops, and if that includes Ground Troops issue he should do it. The president said he doesnt want another ground war like what happened in iraq or afghanistan. No one really foresees that happening, but that doesnt mean you would not need the use of Ground Troops at some time, and if the enemy knows were not going to use them and also knows this expires in three years they can calibrate accordingly. Thats what happened in afghanistan. He said he was going to increase troops, there was a surge of i think, 35,000 troops in afghanistan, but he gave the exact date when the troops were going to be pulled out, so the enemy was able to adjust to that. This is a president not showing leadership and whats happening now, hes losing republicans that feel its restricting military power and losing liberal democrats who feel its going to be an endless war. Thats what happens when you have a president thats so ambivalent and so circumspect about what hes doing as the commander in chief. Congressman, let me get into the news of the day, that, of course, more terrorist attacks in the world today. Now denmark, unfortunately, getting hit today. Tell us what you can in terms of the situation in denmark right now and whether or not we are seeing really a galvanizing of this group. Is all of this connected to isis . I think we have to assume it is. All the information is not in but the fact is there was a cartoonist there, the fact is heavy weapons were used. This certainly shows a direct connection to radical islam. Isis has been foremost in carrying out these type of operations. Whether its isis or al qaeda or al qaeda in the Arabian Peninsula or islamist sympathizers, the fact is, the islamist terrorist movement is fighting western civilization. We have to be on our guard, especially here in the United States. This is an indication. In denmark, they have heavy security there to protect the people inside the building, but apparently, this was an automatic weapon fired from outside, and it shows that they will basically do anything they have to whether its one person, two people, a larger number, isis in particular has been able to attract people on the periphery, people who are willing to carry out these, you know, oneman, oneperson operations. So, again whether its isis itself, or just a islamic terrorist, it shows that we have to be on our guard, especially when it involves Homeland Security in places like new york or washington, d. C. Do you have any new information about the military base where u. S. Troops are training iraqi soldiers and, of course, isis basically knocking at their doors . It was a failed attempt at the end of the day, correct . Right. It was failed but i think the administration seems to be taking this too casually at least as far as the public is concerned. When you have the enemy only seven and a half or nine miles away from our base or the al assad base and theres 300 marines there, i would want a situation where a largescale attack is carried out. To me thats another example we should be able to go on offense. If we can send people out there and kill them before they come in, i dont like the idea americans playing defense, just being there at the air base and fighting them off when they come in. Go out and get them before they can come in. Whether it involves more air support, whether it involves sending out Commander Operations or special forces to get them to me thats a better military operation rather than hoping we can stop it when they get to the base. All right congressman. We are going to be talking with the former ambassador to saudi arabia coming up about iran and of course, you have your upcoming meeting with Benjamin Netanyahu netanyahu. Congressman, thanks very much for your time today. Well see you soon. Some have said the war against isis wont be won until our middle eastern allies dedicate themselves. We have thoughts on that next. Follow me on twitter, tell us what youd like to hear from ambassador jordan coming up. Im Maria Bartiromo and that would be Maria Bartiromo on twitter, sundayfutures on twitter. Stay with us. The future of the market is never clear. But at t. Rowe price we can help guide your retirement savings. Our experience is one reason 100 of our Retirement Funds beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. 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Tell your doctor if you have glaucoma, prostate or bladder problems, or problems passing urine as anoro may make these problems worse. Call your doctor right away if you have worsened breathing chest pain, swelling of your mouth or tongue, problems urinating or eye problems including vision changes or eye pain while taking anoro. Nothing can reverse copd. The world is filled with air and anoro is helping people with copd breath air better. Get your first prescription free at anoro. Com. You show up. You stay up. You listen. You laugh. You worry. You do whatever it takes to take care of your family. And when its time to plan for your familys future were here for you. Were legalzoom, and for over 10 years weve helped families just like yours with wills and living trusts. So when youre ready start with us. Doing the right thing has never been easier. Legalzoom. Legal help is here. Welcome back. We have had a lot of military experts on this program who have said isis will be defeated. When our middle eastern allies put boots on the ground, what would it take for that to happen . Robert jordan was ambassador to jordan when president bush was president. Good to have you on the program welcome. Hi, maria, good to be with you. Lets talk first about whos most involved. We know obviously, whats going on in terms of jordan stepping up the fight after the pilot was murdered. Who would you say is most engaged against isis within the middle east . Right now i think its the jordanians flying a lot of combat air missions. Also the United Arab Emirates have flown a fair number themselves, although they stopped those flights in december when the americans failed to provide adequate search and rescue resources and simply kept our resources based in kuwait. That has now changed so the emirates are back engaged in the air fight but we still dont have boots on the ground. The other thing i think is important to realize is the saudis are probably in the cross hairs of isis more than any other country in the middle east. Isis declared they want to take over the holy cities of mecca and medina and remove the saudi royal families so this is a fight to the death as far as the saudis are concerned and its important for them to realize that. Do you think the saudis will become more involved militarily as a result of that . What is it going to take to get our arab allies engaged . I think they have to have a sense of real desperate threat againsts themselves, against their very existence. We saw this, for example, when i was ambassador in 2003, after 9 11 the saudis were helpful in fighting al qaeda and terrorism but it really took the bondings that occurred in riad in 2003 to get them animated and aggressive in going after al qaeda. After two or three years they actually got rid of al qaeda in saudi arabia and expelled most of them. So they are capable of doing it, but they have to have a sense of urgency and i dont think weve quite got that yet. But you think that sense of urgency is coming, given what you just said about the saudis in the cross hairs. I think they are going to have to realize that and i think that will come. I also think our administration has to step it up in terms of training, in terms of providing our resources and projecting our own sense of urgency, which i also have not seen. Meanwhile, the talks with iran apparently continuing over a nuclear agreement. Lets talk about the letter that was sent to president obama, and what that letter says about the u. S. And iran negotiating. Well, i think there is some room for negotiation here. There is the hope of course, that some sort of deal can be made, which limits irans breakout capacity to proper inspections and proper notice. But the saudis are deathly afraid were going to make a bad deal with the iranians that iran will have a Massive Nuclear capacity to threaten the saudis and the rest of the neighborhood. Thats what everyone is worried about. Whats your sense of a deal the u. S. May make with iran . Well, its hard to know right now, because theres not been a lot of transparency but if the iranians can be literally limited to the kind of limits that we see with japan for example, japan has a nuclear program, but they cant really break it out into a weaponized military program without about eight or nine months work on that program. If the iranians are limited to breakout capacity, where theyll take eight or nine months after we take notice of it perhaps thats a deal that can be made, but to do that youve got to have very robust inspections, very transparent means of finding out exactly what they are up to, and theyve still been resistant in providing that. Thats an area we have to have concern about. Why hasnt been been transparency around these talks . Obviously, congress has been pushing to be involved and see exactly what is going on in terms of these talks with the iranians, and by the way, should we be assuming that the u. S. Is working with iran against isis . I dont know that were working directly with iran against isis. We do have a common interest. The administration has said were not directly cooperating with them, but clearly there is a means of quietly making things happen in parallel. For example were making overflies into syria. The syrians have, obviously, not tried to shoot down any of our planes. They have tacitly agreed we can make those overflights. That has to come with iranian approval, as well. I do think theres some of that going on here. But we really have going to have to find a better way to understand exactly where iran is in terms of their development of their program and a very robust inspection regime if were able to make a deal at all. Well be watching this very very important subject. Thank you very much for your time today, ambassador Robert Jordan joining us. The devil is certainly in the details, unemployment is down, but there are wages and inflation and deflation. The Labor Participation rate a lot more to look at. The president of the philadelphia reserve is with me next on what it will take to move the needle on economy and jobs. This is a look ahead on sunday morning futures, back in a moment. Faststststst ok, if youre up there, i could use some help. Smart sarah. Seeking guidance. Just like with your investments. That sets you apart. It does . It does. Youre type e. And seeking another perspective is what type e s do. Oh, and your next handhold. Is there. You dont have to go it alone. E trade gives you the support and guidance to make informed decisions. Are you type e . If youre taking multiple medications does your mouth often feel dry . A dry mouth can be a side effect of many medications. 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I put this question to charles plosser, the president and ceo of the philadelphia Federal Reserve when i sat down with him this week. First, though, i asked him about jobs and the economy. I think the broad economy is actually doing remarkably well. Much better than people thought this time a year ago, so i think gdp growth is going to look pretty good this year about 3 . I think the Unemployment Rate is going to continue to drift downward. I think were in a reasonably good place. How do you assess the Participation Rate when you look at the jobs number because thats sort of the nitpicking that goes on after we see good numbers, right well, not everybody is counted they are not participating because the Participation Rate keeps going lower. The Participation Rate is actually driven a lot by demographics, the baby boomers retiring leaving the job market population growth and demographic, so i think the participation is down, but people predicted that the case. The Participation Rate obviously, people are concerned about it but i dont think its going to spike back up. I think its down there to stay. Then the issue around wages that wages have been so slow to move, this most recent jobs report we actually saw wages move up. 5 of a percent. What do you think about wages right now . I tend to look at the longer term trend onemonth number never moves me very much, but i thought it was a good sign. I think wages will continue to drift up theyll continue to strengthen, i think, but wage growth is a lagging indicator of the economy. Its not a leading indicator, so i think the economy and the labor markets doing well enough well continue to see wages drift upward, which will be good. Yet the Federal Reserve for a long time focused on wage growth as a measure of inflation, and we havent seen that. Then you have other people saying inflation is hardly the issue right now, its actually deflation. Well the United States is not facing deflation right now. I just dont believe thats the major issue. We have faced some disinflation as oil prices have affected the economy. I dont believe thats the major issue for us right now, and i think wages and unemployment are probably more in the labor market is a more realistic indicator of the state of the economy. Do you think the drop in oil has been a supply issue or a demand issue . Its both supply theres been a glut of supply of oil and energy in general, to the extent there are substitutes for oil, thats part of the supply increase. Its largely supply driven from my perspective. Okay so the shale revolution having been one of the growth stirrers of america, do you worry that the dropoff in oil over the most recent couple of weeks and months is going to put a damper on Economic Growth that came because of whats happening in texas and north dakota . Every time a relative price changes, some good versus another, there are reallocations of capital and resources and economists talk about that all the time, so the answer is the big fall in oil prices producing segments of our economies will suffer more, but on net, the view is my view is, that its a net on net of boom for the u. S. Economy. And we havent seen that significantly flow through the economy yet and the fact that oil prices have come down people have more money in their pockets, they are going to spend it in the economy, are you expecting that to happen . I am and it has happened. The gdp report that just came out, Consumer Spending growing at 3. 4 . Thats robust, fastest growth weve seen in quite some time. Let me turn your attention to the Federal Reserve firing back at people like rand paul. Senator paul wants his legislation out there audit the fed legislation and he would Like Congress to have more oversight over the central bank, which a lot of people feel is going to get more traction with a gopled congress. What do you think . I think this is a risky strategy for monetary policy. The fed is already audited, we publish our Balance Sheet every week. This is not financial auditing this is policy audits, if you will. I think it would be very dangerous for the fed to become ever more politicized by congress and the government second guessing policies that they made. Lets talk about the Balance Sheet of the Federal Reserve right now. It has grown enormously. How are you going to unwind that Balance Sheet without impacting Global Markets . Well i think thats a question we dont know yet. Were in uncharted territory weve never had to do this. I think the feds inclination would be to allow the Balance Sheet to shrink very slowly, if we can, but policy choices may face us we may have to raise Interest Rates more rapidly. We dont know whats going to happen, so we need to be prepared for that and i think its still one of the looming risks of our sort of unconventional policies that we took over during this last eight years. For the last eight years people were saying the Federal Reserve was letting politicians off the hook, you were the only one doing work in terms of monetary policy. We didnt really see much structural reform any change, the entitlements are out there, open questions about job creating programs. What would you like to see from congress and the president . I think congress is not yet faced up to what i would call the fiscal sustainability question for our government, and the risks are not this quarter or next quarter they are what happens over the next ten years and having fiscal policies that are sustainable, that are supportable, in a way that doesnt destroy the sort of Economic Growth engine of the u. S. Economy and the entrepreneurship and the enthusiasm for risk taking and rewards. I think the real danger is we have a set of fiscal policies that destroy that growth and weaken that Growth Engine and right now were not on a path those two are sort of compatible. Thats the challenge we need to face. Whats the low hanging fruit in terms of a program to actually, you know straighten that out, is it tax reform . Is it entitlement reform . Both tax reform, as well as entitlement reform. The big issue obviously still remains entitlement issues in terms of the thing growing the most in our budget, and i think we need to address that in some fashion. Charles, great to have you on the program. Pleasure to be here. Charles plosser, president of the philadelphia Federal Reserve. Then of course there is russia, the ceasefire in ukraine appears to be holding for now, but who got the better deal putin or the u. S. And its western allies . Our panel begins right there as we look ahead on sunday morning futures. Stay with us. At ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. In a work, work, work world. Take time for sunday. Just know that your truck. Has a little thing for monday. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. Americas news headquarters, im eric shaun. Here are some of the stories making headlines right now. Police say the gunman has been shot and killed. Authorities say it is likely that gunman who was behind the shootings at that free speech event, later another shooting at the synagogue. The two attacks killed two men a filmmaker, and security guard. Five Police Officers are also been wounded in those shootings. The head of denmarks Intelligence Agency says they have identified the suspect, but as of now, they are not releasing his name and he has been, quote, on their radar. Investigators do believe that gunman was inspired by radical islam when he opened fire on that cafe, where a danish islamist targeted by isis was speaking. Snow continues to slam new england at this hour that storm expected to intensify throughout the rest of the day, bringing bonechilling temperatures and wind gusts topping 75 Miles Per Hour in some states. Massachusetts, because you know has already been hit by previous storms, has already declared a state of emergency. Back at noon eastern with more news. The doctors, as always, are in. Joining us for sunday housecall. Two hours from now at 12 30 eastern. For now, im eric shawn, back to sunday morning futures and maria. Thank you, eric. Surprise, surprise both sides have already claimed that the other is violating the ceasefire agreement this morning in ukraine. Even so the two parties are also focused on the next step in the latest deal with drawing heavy weaponry from the front lines, creating a buffer zone. Roughly 30 to 85 miles wide. That should take about two weeks if successful. I want to bring in our panel right now on this, ed rollins adviser to president reagan, longtime strategist and business and political leader. And he is a fox news political analyst. Judith miller adjunct fellow, a fox news contributor. Richard peterson is with us. Good to have everybody with us. Lets talk first about ukraine and the ceasefire. Do you believe it, ed . Im hopeful, but i dont believe it. I think at the end of the day, the last one was violated very quickly, the russians have gained immeasurably in the period between. Im not sure that putin is fully enthused about this and i think at the end of the day unless the europeans are willing to get more involved the danger sign the americans are talking about the administration is talking about putting 600 troops there to basically help train the ukraine soldiers. I think any time we put trainers in there, ends up being a dangerous spot for this. Good point, the debate whether america should be sending heavy weaponry is getting hotter and more debatable. What do you think about . The United States doesnt want to send the arms to ukraine that theyve been asking for for over a year to defend themselves. They do not need people to show them how to fight. Theyve been fighting on their own with nothing except american mres. What they need is heavy weapons but now obama can say, you see, Angela Merkel of germany and holland of france have done this deal, they are now partners, we dont have to act, we dont have to provide weapons. This is an excuse for him to do what hes never wanted to do in the first place. Who wins in this ceasefire . The debate is out on whether or not putin has won again. Of course he has. This is minsk two i fear its going to wind up as it had with min sk one. Especially because the last and usual part of the agreement, which is the control of the russianukrainian border the ukrainians dont take control of their own border until the end of 2015, the russians can continue to pour in militia supporters, arms weapons and say this isnt us, this isnt us. One thing that George Mitchell said to me just recently was that look we should not be sending weapons, because we are fighting an economic war, rich peterson, and we are winning that war. He says, thats why he says russias economy is crumbling, the ruble is falling the price of oil, obviously, then the sanctions. Well backdrop to ukraine ceasefire, we have to take into account last week we had the confirmation of carter as president obamas fourth secretary of defense in his confirmation hearings, you know secretary carter said hes in favor of having lethal aid to ukrainian fighters. I see. Because a conflict to the merkle obama talks earlier that week. In contrast to the ukraine economy, contention on the ceasefire was getting aid from imf, International Monetary fund, part of that fund is helping to pay ukrainian bills to russia for a gift. Putin wants that money for gas. Thats the bottom line. Of course. Everyone says oh, russia is in such terrible shape, they are going to be more flexible on ukraine. I fear its going to be the opposite, they are going to double down on ukraine and they are going to make it absolutely impossible for us to do what Angela Merkel wants to do, which is she wants the sanctions moved because her companies are hurting. His advisers who have made billions of dollars, you get cut to 10 billion not affecting your lifestyle or his lifestyle. He still has plenty of money to basically move forward and theres not going to be a whole scale resolution in the short run there. I think the argument of the economic crisis and hes going to do the responsible thing is not good analysis. Because weve seen this movie before. We want to get a look at whats coming up on the top of the hour and check in now with howard kurt. Good morning with you. Were in your building in new york today with a special hour looking at a momentous and wrenching week for journalist. We have jon stewart surprising people saying hes going to leave the daily show, but in a more serious and sober vein the death of bob simon the New York Times columnist david carr sixmonth suspension of brian williams, allstar cast to analyze what all this means for the news business. Has been an extraordinary couple of weeks. See you in about 20 minutes on media buzz. Up next, though, could the vote of military force in isis come back to support some lawmakers if they run for president , much like the iraq vote did for Hillary Clinton in 2008 . A lot more to come as we look ahead on sunday morning futures. [ male announcer ] we know theyre out there. You cant always see them. But its our job to find them. The answers. The solutions. The innovations. All waiting to help us build Something Better. Something more amazing. A safer, cleaner brighter future. At boeing, thats what building Something Better is all about. In my world, wall isnt a street. Return on investment isnt the only return im looking forward to. For some every dollar is earned with sweat, sacrifice, courage. Which is why usaa is honored to help our members with everything from investing for retirement to saving for college. Our commitment to current and former military members and their families is without equal. Start investing with as little as fifty dollars. Welcome now for more on politics and the fight against isis, we bring back our panel. Lets talk about the authorization for military force and the politics behind this. What is your sense of why theres so much lack of enthusiasm . Theres no clarity. Theres no discussion on what theres going to be. This gets to the president for whatever he does on isis and hes dragging the congress in. Theyve never wanted congressional involvement, they do now. Its a blame game. The problem is, neither side likes it. I think they are going to drag it out here. Theyll get something at the end of the day, but still no clarity on what hes going to do. We heard from peter king earlier in the show, basically, look its putting restrictions in place. I dont sense that. Dempsey, joint chiefs is happy with it. They feel flexibility whatever they want to do. The key is the old authorization needs to be withdrawn and this needs to be the new game plan. Judy . No, i think the minute you bring the congress into this and say im the president and i need congressional buyin youre setting the stage to blame the congress for whatever goes wrong, whatever you dont do, this is their fault. This is vintage Obama White House leading from behind. Okay, so you think this is going to be the iraq war vote that haunted people . For example, hillary voted for the war in iraq and on the campaign trail when she was competing against barack obama you know thensenator obama said she voted for the war in iraq. Is this going to be the same thing . They voted for the military. Kind of like the american equivalent of minsk 2, if you didnt like the way the first iraq war came out, try voting for it this time. Republicans saying i cant vote for this resolution because it doesnt give the president enough authority try to explain that to the american people. The problem is, if we are not in full scale fighting with troops on the ground for the next 18 months, even before the president ial election, they are going to gain immeasurable. Thats a good point. Absolutely. Thats the indictment. President had authorization 2001 and 2002 authorizations, which had been using for the past six months to have bombing raids in libya and syria. And air strikes. Air strikes. That said, this current authorization proposal, in a way, is legally drafted to be very ambiguous, but has a threeyear sunset rule, so it expires in 2018, right, so almost by definition, potential senator rand paul or senator marco rubio, who could be president at that time, wouldnt want to vote for that. That being said, also it implies that associated forces also can be targeted. That way look for nonisil targets going forward. So you have an expansion of the use of forces perhaps into nigeria and other areas that are isil supporters. Telling story today, we sent 4,000 troops this week from ft. Carson in colorado to kuwait to be the backup in case we do go to battle. Very little publicity about that outside of ft. Carson, but they are moving, its a tremendous unit, they have tanks and everything like that. It looks like if we want to go to war, well have troops there. Then this is already authorized and doesnt need any exactly, the congress is now saying we didnt have a voice in this and thats going to i think, come back to haunt them. All right, stay right here, everybody, labor dispute meanwhile, with big implications for the u. S. Economy. More on that as we look ahead on sunday morning futures. Well be right back with our panel. 3rd and 3. 58 seconds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the global economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500 its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon a different kind of wealth manager. And black swans are unpredictable. Were back with our panel. And another potential major strike this west coast port work stoppage, ed is really focused on intotwothirds of awful the all of imports from china. The white house is now sending the labor secretary out there to get involved in negotiations. There is no contract. If a strike occurs out there it will create economic chaos. And you combine that with the Steel Workers basically threatening strikes on the oil industry and starting to have some slowdowns there again, you could have most significant labor problems since 1980. And i thought that the labor Union Leverage had gone down because oil prices are down so much and Oil Companies are cutting expenses. Theyre not about wages. This is about traditional labor battles. Is this this is about job safety and job security more than anything else. And we already know because of your data that earnings for the corporate sector, s p 500 earnings, are expected to go down. Something like this this extraordinary potential strike, two major strikes potentially, will also impact. Right. Magnification of the weakness that were seeing in the economy. The fact that over the past five years, average Economic Growth gdp only 2. 2 . Best year during the Obama Administration was 2. 5 coming in 2010 after we came out of recession in 2009. Economic growth has been very tepid, very anemic p. That being said capex is plunging. 1. 5 First Quarter gdp. Wow. And youre expecting as part of that earnings to be negative at some point in 2015. You combine that with the labor shortage work slowdowns, the medium income at the lowest level since 2007 put that together in a pot along with the poor retail Sales Numbers we saw in january, you dont have a good forecast going forward. And on top of of weak retail Sales Numbers in december, as well well. And weve talked again and again about the weakness of the economy in terms of the jobs that are being added. These are low paying temporary parttime jobs, people have to have two of them to earn what they did under the old when we were growing. And thats the problem. I dont know whether or not in the northeast its just too cold to shop or whether or not people are nervous about the economy theyre saving they dont want to spend, but until people become more confident in the economy, and the political system i dont think youll see the growth that poll this week 48 of the americans feel they can barely make their monthly payments. And part of this has to do with health care. Is this the weekend that is the deadline to sign up for obamacare. Well, people may sign up as i said before, they may be getting insurance, but theyre not getting coverage. But if you dont sign up, youre getting charged. Absolutely. Stay with us. The one thing to watch in the week ahead coming up. You cant predict the market. But at t. Rowe price weve helped guide our clients through good times and bad. Our experienced investment professionals are one reason over 85 of our mutual funds beat their 10year lipper averages. So in a variety of markets we can help you feel confident. Request a prospectus or summary prospectus with Investment Information risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. In a work, work, work world. Take time for sunday. Just know that your truck. Has a little thing for monday. Welcome back. What is the one big thing to watch for the upcoming week . Im watching Homeland Security battle, funding battle, whether republicans will hang tough not fund it because of the president s executive order on immigration which could be a political disaster for them. In im im watching the president s conference tuesday on violent extremism or what the rest of the world calls islamic terrorism. But what they wont call that. Watching for the reporting of earnings from walmart see how strong or not how strong American Consumer is fairing in the current economic climate. Will they ever spend the money they saved on cheap gasoline. Or putting it under their proverbial mattress. Im watching the implications about obamacare. But get this as many as lets see 6 million u. S. Taxpayers will have to pay a text penalty because they went without insurance for part our all of 2014 and people without insurance may be liable for fines as much as 2 of their income. 2 of your income if you do not have health insurance. Added to your tax bill. And plus people who took too much on subsidyies have to repay that. Thanks, everybody. Great conversation. Appreciate you joining us. And we will see you next week. That will do it for sunday morning futures. Ill be here tomorrow morning on opening bell at 9 00 Fox Business Network. Take a look at where you can find Fox Business Network on hello, everybody. Im lou dobbs. The United States has been fighting the Islamic State for six months, and now president obama officially asking congress to give him authority to use military force against the Islamic State. Complicating matters mr. Obama has been claiming all along that the United States is and has been successfully carrying out his strategy, comprised mainly of air strikes against the radical islamists operating in syria and iraq. A further complication mr. Obama has made it clear as well he believes the National Media has exaggerated the threat of the terrorists. And a new complication. Some congressmen and senators in both parties