Transcripts For WJLA This Week With George Stephanopoulos 20151213

And we come on the air this week to a major shakeup in the race for the white house, a brandnew poll just released by the Des Moines Register shows ted cruz blowing by donald trump in the key first state of iowa. There you see the numbers. Cruz now at 31 . Ten points ahead of donald trump. The third outsider in this race dr. Ben carson, falling hard from his firstplace showing in october, he joins us live in a moment. But we begin with more on this stunning poll and a defining week in this campaign from jon karl at the white house. Good morning, jon. Reporter good morning, george. Its just 50 days until the iowa caucuses, and while donald trump still has a commanding lead nationally ted cruz has the lead in the state that gets to vote first and republicans are gunning for him everywhere else. Is this the week the Republican Party came undone . It was pretty brutal four days ago for trump. Reporter on monday, he announced his most controversial plan yet. Donald j. Trump is calling for a total and complete shutdown of muslims entering the United States until our countrys representatives can figure out what the hell is going on. Reporter Party Leaders denounced the proposal as not just wrong but unamerican. What was proposed yesterday is not what this party stands for and, more importantly, its not what this country stands for. Reporter every candidate in the race not named trump opposed the plan. Jeb bush even called trump unhinged. Im not one of these other guys that goes down. I dont go down, i go up. Do you have a warning for gop leaders . I say, folks, you know, im sorry i did this to you. You got to get used to it. Reporter now the latest poll out of iowa shows that senator cruz ten points ahead of trump in the hawkeye state. Cruz was caught on tape obtained by the New York Times caught who am i comfortable having their finger on the button . Now thats a question of strength but its also a question of judgment. Reporter this caused trump to take a subtle swipe at cruz. I do like ted cruz, but not a lot of evangelicals come out of cuba. In all fairness. Thats true. Reporter ben carson threatened to leave the party after the Washington Post reported that gop leaders discussed whether trump can be stopped at the partys convention. I dont think the party should be doing anything thats deceptive and under the covers and thwarts the will of the people. Reporter a party in disarray, setting the stage for the last Republican Debate of 2015 in just two days away. Trumps iowa problem has been brewing for some time, back in october, it was ben carson who was in the lead and if you remember back then george trump responded by saying how stupid are the people in iowa . It turns out, perhaps insulting the voters of the state may not be the best way to win them over. Lets get more on this from ann selzer, you have polling in iowa for decades. Your poll has had a strong track record. Have you seen a surge like this . You know, we went and looked back at the last five caucus cycle, trying to see if we have seen a jump this big, we have never seen a spike like this for a candidate. You know, trump has actually gone up, not just as much as cruz, so cruz is his play nice strategy, is that paying off . What else is behind this surge . Well, the play nice strategy may be paying off, hes also doing the groundwork with the evangelical conservative community. He got some key endorsements in the past week, and it may be hes that candidate that people look for to coalesce around. You got numbers behind the numbers. They really show how strong ted its something called the selzer index. The selzer score. And we created it because the field is so big, but just looking at the horse race didnt give enough information about potential for candidates to get stronger. Than they would appear in that horse race. Ted cruzs number is huge in our selzer score. And what that shows is that, he may not have hit his ceiling yet, there are more upside, more people who would be a good second choice if theyre not his first. And theres a large group of people they would see him supporting that. We add that together with the index, we call that selzer score. What happened to ben carson . Ben carson has just sort of rolled down a hill, it seems, he didnt have a strong debate performance, things turned to foreign policy, hes just not one of the people that people can find a strength to hold on to that makes him stronger than cruz on any of the measures that we took a look at. Okay an selzer thank you for coming in this morning. Fascinating poll. Lets go now to dr. Ben carson, he joins us now from florida. Youve seen those poll numbers, what do you think went wrong . Well, you know, poll numbers go up and down. I wasnt excited when theyre up, im not excited when theyre down. You know, this is a very fluid contest and its the reason we have it. We have opportunities for people to listen carefully, you know, not to listen to the spin but actually listen to whats being said. The people will make the correct choice. Ted cruz thinks he knows what went wrong. In that tape we showed in the piece, not only went after trump but questioned what voters think about you. Lets listen. Who is prepared to be a commanderinchief, who understands the threats we face . Who am i comfortable having their finger on the button . Thats a question of strength but its also a question of judgment and i think thats a question thats a challenging question for both of them. How do you respond to that analysis from ted cruz . Well, you know, we all have had different types of experiences. Theres no question i havent spent a lot of time asking for big money and going to cocktail parties. I spent many a night in the operating room, cold sterile place, with a little childs life on the line. Working very hard to preserve that. Thats a very different kind of experience. Lots of 2 00 a. M. In the morning calls. Do you think thats the extent of ted cruzs experience, schmoozing, going to cocktail parties . I think he has a different experience. More of a politicians experience, and i have a healers experience. And its a different kind of experience. The fact of the matter is, you know, i have had a lot of experience in corporate america, i have worked with a lot of ceos and one of things that i recognize, a good ceo doesnt necessarily know everything but he gets a lot of people around him he has a Vice President of hr, of finance, of mergers and acquisitions, et cetera, and uses them in an appropriate way. Theres no way i or anyone else running is an expert in every area. But do you know how to use the people around you . Do you have wisdom and judgment . That is demonstrated by the life that you have led. You know, you have been making that point for several weeks, it doesnt seem to be working. Your poll numbers continue to fall. Are you going to have to try Something Different . No, i will hopefully people will determine at some point, do we want to continue down the road that we have been going down for a long period of time . Or, are we going to stop in you have know, when it coms to experience in congress, you got almost 9,000 years worth of it, i dont know if thats the correct answer at least that kind of experience. You know, you had some strong words for Party Leaders responding to that story that jon karl mentioned, to stop someone like trump or perhaps you and you then put out a statement saying, if this was a beginning of a plan to subvert the will of voters and replace it with the will of the political elite, i assure you donald trump will not be the only one leaving the party. One of the reasons i got into this is because i heard the frustration in people who are so tired of back room deals, of dishonesty, and you know, if thats the case, you know, im out of here. I have subsequently spoken to reince preibus. We told me those are routine meetings. But, you know, the jury is out. Well be keeping a close eye on things. Lot of reaction to Donald Trumps comments about barring husband lims entry to america. Marco rubio called it offensive. Jeb bush said trump appeared unhinged. Did you find these comments offensive . Well, those are probably not comments i would have used. I understand the concept of, you know, not letting people in until they are well screened. I just wouldnt do on the basis of religion. But it makes absolutely perfect sense for us to start doing something now and not just let people in, you know, this whole syrian thing, you know, when i was over there, nobody wanted to come here, they wanted to be resettled in their own country, and there are adequate ways to do that and take care of them in jordan. If we needed to take them that would be a different story. Theres millions of them. Thats just a bandaid to make some people feel good. But your campaign has some inconsistent statements on this broader issue. On monday, put out a statement, every visiting our country should register and be monitor during their stay. On tuesday, you told cnn, that idea is ridiculous. Do you understand how that flip in 24 hours might give voters pause . Its not a flip. Because you have to listen to what i said when i talked about monitoring. What i said is, when i go into another country, they want to know where im going, what address im going to be staying at, how long im going to be there, im not talking about following them around with the fbi. You just want them to lay out their itinerary . Yeah, i mean, we should be able to find them. We should know what theyre doing here. But wont a terrorist just lie . Well, again, were going to have to be a little smarter. I mean, you probably have seen some of the questions they ask in the screening. Have you been a terrorist or are you planning a terrorist attack . Give me a break, why dont we go to israelis and ask them how they do it. Why do we have to reinvent the wheel . You have said that islam is not consistent with the constitution, what do you mean by that . If you accept all the premises, including sharia, which places other religions in a subservient position, which imposes things like death on homosexuals, et cetera. These things arent consistent with the american constitution. So, if somebody believes in islam and theyre willing to reject those portions openly, i dont have a problem with that. But if theyre not willing to reject them, then its not consistent with what were doing here, and all you have to do is go back to the Holy Land Foundation trial and look at the explanatrandum that was brought up there that shows the agenda of the Muslim Brotherhood in america was, people need to know this stuff. Dr. Carson, thank you very much for your time this morning. Coming up our powerhouse roundtable weighs in on the ted cruzs surge and why countries around the globe are voting for pop lists like trump. After that, the firstever global deal on Climate Change. Secretary of state john kerry is up next. This week with George Stephanopoulos brought to you by pacific life. For life insurance, annuities and investments, choose pacific life. The power to help you succeed. And the big milestones. 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Learn how abreva starts to work immediately at abreva. Com dont tough it out knock it out, fast. With abreva. 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. This is a story about doers, the artificial heart electric guitars and rockets to the moon. Its the story of america land of the doers. Doin it. Did it. Done. Doers built this country. The dams and the railroads. John henry was a steel drivin man hmm, catchy. They built the golden gates and the empire states. And all this doin takes energy no matter whos doin. Theres all kinds of doin up in here. Or what theyre doin. What the hecks he doin . Energy got us here. And its our job to make sure theres enough to keep doers doin the stuff doers do. To keep us all doin what we do. Man sternly where do you think youre going . Mr. Mucus to work, with you. Its taco tuesday. Man youre not coming. I took mucinex to help get rid of my mucusy congestion. Im go od all day. [announcer ] mucinex keeps working. Not 4, not 6 but 12 hours. Lets end this history made in paris yesterday, as nearly 200 nations approved the first global agreement on Climate Change. The paris accord will limit temperature increases and the consequences by curbing Greenhouse Gas emissions. Cutting the useover fossil fuels. President obama gave the agreement an emphatic endorsement in a rare saturday evening statement from the white house. The targets we set are bold and by empowering businesses, scientists, engineers, workers and the private sector, investors to work together, this agreement represents the best chance we have to save the one planet weve got. And were joined by obamas chief negotiator, the secretary of state john kerry. Mr. Secretary, thank you for joining us. Pretty remarkable to get 195 nations to agree on anything, but the agreement has some significant critics, too, the nasa scientist many see the godfather of the movement. He said this guardian. He said itss a fraud, really, a fake, its just worthless words. Theres not action just promises. Your reaction. Look, i have Great Respect for him. I was there when he first warned everyone that Climate Change was happening. But with all due respect to him, i understand the criticisms of the agreement, because it doesnt have the mandatory scheme and it doesnt have a compliance enforcement mechanism. Thats true. But we have 186 countries for the first time in history all submitting independent plans that they have laid down which are real for reducing emissions. And what it does in my judgment, more than anything else, there is a uniform standard of transparency. And therefore, we will know what everybody is doing. A very clear signal to marketplace of the world that people are moving into lowcarbon, nocarbon alternative, renewable energy. I think its going to create millions of jobs. That r d is going to produce the solutions, not government. As you know, there are no sanctions. Its not legally binding in part because the u. S. Couldnt get a treaty through in the senate. And Senate Majority leader Mitch Mcconnell has weighed in quite strongly already. He said, before the International Partners pop the champagne, they should remember that this is an unattainable deal based on Domestic Energy plan thats likely illegal, that half the states have sued to halt and that the congress has already voted to reject. Can this deal actually be implemented absence a consequence in the United States . There is a consensus in the United States, among the people and among mayors across the nation, many of whom, those all of them who have joined the mayors conference with respect to climate reductions, and the fact is, the United States of america has already reduced its emissions more than any other country in the world and it has done so through various means by raising the efficiency standards on automobiles, by engaging in r and d andnt of new technologies and the president has made it very, very clear that hes committed to this and this agreement really came about significantly due to American Leadership with president obama engaging with china, coming to an agreement with the two largest economies. The two largest emitters saying they were going to join together to put out their reductions and that spurred 184 other countries to step up. So, this is significant. I mean, what do members of congress think when leaders of major countries around the world are actually stepping up to do these things . These are not mr. Secretary these guys arent making up the science or the plans to do it. And i think, i think, frankly, a lot of members of congress are on the wrong side of history. And i dont believe you can be elected president of the United States if you dont understand Climate Change or youre not committed to this kind of a plan. Well, thats what i wanted to get to. Most of the republicans running for president said they wouldnt ae tend the paris talks and many would vow to undo the president s to have the ability by executive order to undo things, the answer is yes, thats why i dont believe the American People who predominantly believe whats happening with Climate Change, i dont think theyre going to accept as a genuine leader someone who doesnt understand the science of Climate Change. You know, we had eight storms last year which cost america well more than a billion dollars per storm, its far cheaper to recognize whats coming and cure the problem ahead of time. Finally, mr. Secretary, Donald Trumps comments about banning muslims entry in the United States. How have his comments affected americas standard around the world . Well, it doesnt endanger National Security. Because it exhibits an attitude by one american about a willingness to discriminate against a religion. I mean, that is against our constitution and its against who we are as americans. We have all kinds of ways of putting protections in to the programs by which people come into our nation. But to outright ban people because they belong to one particular religion, thats just stunningly contrary to the fundamental values of our country, which was built on tolerance. Where the president speaks from to deliver the state of union, inscribed in the panel is tolerance, and it seems to me that mr. Trump is totally without recognition of the true american spirit and values, and certainly tolerance. Thank you, mr. Secretary. Lot more on that ahead. Chief Foreign Correspondent terry moran on how people are reacting to trump. Vo todays the day. More and more people with type 2 diabetes are learning about longacting levemir®. As my diabetes changed it got harder to control my blood sugar. Today, im asking about levemir®. Vo levemir® is an injectable insulin that can give you blood sugar control for up to 24 hours. And levemir® helps lower your a1c. Levemir® lasts 42 days without refrigeration. Thats 50 longer than lantus® which lasts 28 days. Levemir® comes in flextouch® the latest in insulin Pen Technology from novo nordisk. Levemir® is a longacting insulin used to control high blood sugar in adults and children with diabetes and is not recommended to treat diabetic ketoacidosis. Do not use levemir® if you are allergic to any of its ingredients. 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Kind of like playing the boss equals the boss wins. Wow man sternly where do you think youre going . Mr. Mucus to work, with you. Its taco tuesday. Man youre not coming. I took mucinex to help get rid of my mucusy congestion. Im go od all day. [announcer ] mucinex keeps working. Not 4, not 6 but 12 hours. Lets end this Donald Trumps words have sent shock waves far beyond our borders. World leaders reacting. His businesses taking a hit. Theres even a petition circulating in the uk of nearly 6,000 signatures that would ban trump from traveling to england. But as terry moran reports, politicians across the developed world have been echoing trumps populist. Were not gonna take it thats Donald Trumps theme song, were not gonna take it. Its the essence of his antiestablishment appeal. But trump is not alone, in country after country, populist leaders are gaining ground. Like in france whos surging in polls. With nationalism. In hungary, sounding the same theme and hes building a razorwire fence to keep Syrian Refugees from flowing in. But none have gone as far as trump. Donald j. Trump is calling for a total and complete shutdown of muslims entering the United States. Reporter that extremist proposal trump unveiled this week shocked people around the world. In london its not right. Its not fair to million of people, not just me. Reporter the west bank the United States was built by immigrants. Reporter in paris i think its really crazy. Reporter in dubai, they tore his name and face off a billboard at a golf course there. And David Cameron called his proposal divisive, unhelpful. U. S. Officials and many others worry that trumps proposal plays right into the hands of isis who will use it for recruitment. Trumps muslim ban was thrown as canadian Prime Minister Justin Thoreau greeted Syrian Refugees. But so far being the republicans establishment nightmare, is working just fine for donald trump with republican voters. For this week, terry moran, abc news, london. Lets talk about this with bill kristol, nancy gibbs and robin wright. Robin, lets begin with this. I think you reported from several dozen, more than hundred countries around the world, it seems as donald trump is tapping into some very real anger around the globe. In the aftermath of the Islamic State and then the rippling effect, whether its paris or San Bernardino of extremist acts. Theres also astonishment at the kind of statements coming out of american politicians. That there would be such racism against a whole people for the acts of very small group of individuals. And ironically, it comes at a time that we need the world to act together more than ever. As reflected in paris at the Climate Change conference. There are these big issues in an era of globalization that the United States needs other partners, needs some sense of a common good, and yet theres more divisive today in terms of a religion, race, all forms of identity. And nancy, you named times person of the year. Donald trump was a finalist he didnt get it. Angela merkel of germany. Donald trump didnt like that. He said Time Magazine would never pick me of person of the year despite being the big favorite. They picked the person whos ruining germany. I would expect to approve the choice. A year from now, if hes been elected president , well see how hell actually handle a crisis. Merkel has faced multiple times this year fundamental threats to the future of europe, the Global Economy, the nigh grantmigrant crisis, and now the terrorist attacks, has to make really hard decisions and act on them. Theres a big difference between people running for office and people in office. I think this pick will uphold over time. The question is, will Donald Trumps comments uphold over time . No question that every one of his statements that people think have gone over the line give him strength. You believe this hurts him . Yeah, i dont think republicans are going to nominate someone that say things that are foolish and in inflammatory inflammatory. I mean, president obama gives a speech sunday night that seems oblivious to the actual threat and the bulk of the speech is telling us that we have to be very kind to muslims both at home and abroad. Then, todays the new york ti security didnt screen the facebook posts of the murderer in San Bernardino. Hard to believe. They didnt do it incidentally there was a debate within the department of Homeland Security whether it was appropriate to do so. And david, you have studied the evangelical community a lot, you reported on them in iowa and across the country. You think that donald trump tapped into something there, as well. No question about it. Donald trump is around. Hes got staying power. If you go around the country, hes a player and hes player we with evangelicals, i think, george, evangelical see the world in absolutes. Donald trump sees the world in absolutes as well. Theres a kinship there. A dr. Phil moment, if you will. I think its not just that, but i think hes bringing up the sensitivity topic of islam, its a tooefra issue with evangelicals and its resonatesing. Ted cruz who has just surged to the top in iowa and bill kristol you covered these caucuses for a long time, he does have a profile of a republican candidate in the past who have won in iowa. Yeah, i was in iowa last weekend, and i kind of felt that cruz was having a pretty good run. You know, people have been intrigued by trump, hes saying things that theyre happy to have him say. Not many will stand up at a caucus. Hes been steady at 20 . He actually went up a couple of points. 23 . 19, 21 in the last three. Ted cruz is serious. Ted cruz the irony is the washington establishment probably hates ted cruz more than donald trump. You know, that iowa poll also found that a majority of Trump Supporters dont think he has the temperament to be president. So, right now, were still talking about protests. Iowa tends to break very late and its true that what has happened with cruz is fascinating. But i think were still quite a number of weeks away from knowing whats going to happen in iowa. Theres been a different leader every month. We have 11 months to go until the election and the vote, first vote happens early in the new year. But i think, with all these different kind of pull and tug and that the issues have changed so much in the last few months, in terms of what defines what people want. We have gone from Economic Issues to National Security issues, and thats one of the reasons why ben carson has plummeted they want someone whos not affiliated with the establishment. Also, if you look at the polling, terrorism, the number one polling issue, donald trump plays to that, and he plays well to that. In politics its all about a narrative being crafted. Donald trump came into this race with a narrative, and that is hes the 10 billion success guy who knows how to make the art of the deal. And they believe that can translate into the terrorism realm, potentially coming through with some victories here. Heres an important point. Robin mentioned. He only has oneliners. He doesnt has policies. At some point he has to more serious and deliberate. Cruz is underrated as a finalist. Look, robin mentioned correctly, cruz, trump and carson, whats their total vote in the iowa poll . Over 65 . Bush, rubio and christie together, 19 . Everyone on the establishment side once the establishment comes together, you know, that will establish the candidate. Beats ted cruz and trump. Iowa is a conservative state. If you go down the calendar, y can write a scenario i dont think donald trump makes it. But i think ted cruz is more serious than people think. Hes raised more money than anyone besides jeb bush. He organized in the Southern States the vote on march 1st. He wins in iowa, donald trump does well in New Hampshire, youre setting up this scenario, that i think, even though that meeting that happened in washington, they talked about a brokered convention, that will have a lot of people nervous at the top ranks of the Republican Party. This is where trump is so helpful to cruz. He framed it as being a race about who can stand up to washington. Cruz wears washington hostility like a badge of honor. How real is this talk of a brokered convention . I think its relatively real, from a plausibility standpoint, marco rubio, who potentially could be in the mix here, if gop establishment folks get behind him. You have donald trump who isnt going away any time soon because he has about 10 billion or so. If he decides to spend it. Plus, he has a lot of stable support behind him. And you have ted cruz whos very well organized grassrootswise. So, you can literally see this coming down to where no one has the delegates on the first ballot. I think Chris Christie can make a run. Someone whos experienced and tough. Who prosecuted terrorists. If im christie, i say at the debate tuesday night, we have two inexperienced guys. Cruz and rubio. We got an older guy whos also inexperienced and just shoots off his mouth, im the guy who can be a solid so, i think theres a little bit of a christie scenario. To what degree is the republican establishment out of sync with the body of politics . Totally, 100 . The rublican dinner where they plotted about the brokered convention was at a restaurant in washington, called the source a very nice place. The main thing they discussed should they get the threecourse or the fivecourse menu. The whole idea of brokered convention, you wonder if were not going to know until the very end where were heading. This has been going on for a while. The pea targetty evangelicals theres this whole idea of gop establishment and what i call the teavangelicals trying to take over the party. Well see. Thank you all very much. Up next, two leading american muslims speak out on the threats their communities are facing. And how to combat radicals in their ranks. Catch this week online all week, at abcnews. Com, on facebook and twitter. The San Bernardino massacre and the debate stirred up donald trump. Has focused is attention and new threats on the Muslim Community. A mosque in california victims of arson. One of dozen of mosques targeted this year. Two offices of the council of americanislamic relations had to be evacuated after suspicious powder was sent to their office. Heres the executive director of cair and indiana congressman andre carson. Welcome to you both. What has been the fallout in your Community Since San Bernardino, since the comments of donald trump . Good morning, george. As you can tell, the Muslim Community is extremely concerned about the violent backlash against its members and its institutions. As you have seen just a moment ago, the mosque that was firebold last friday. Quite a few Violent Attacks have been taken against muslims. Death threats where two officers were evacuated. In washington d. C. And santa clara, because of a suspicious powder that we received with a death threat on it. Luckily, everyone is safe and the matter is being investigated by the fbi. So, yes, theres a sense of anxiety and this comes, you know, in the background of the antimuslim sentiment that has been unfortunately fueled by donald trump and his likes from his platform. But congressman carson, you heard marco rubio this week, in the wake of Donald Trumps comments, saying theres no widespread discrimination against american muslims. Thats untrue. We live in an age where politicians are awarded for saying inflammatory remarks. You have seen poll numbers. When these politicians make these inflammatory remarks, theyre rewarded with higher polling numbers. Muslims are in our Law Enforcement community. There are judges. My father in the law was the first muslim judge. Over 8 million muslims in this country making contributions to our society. And anyone who wants to be the commander in chief has to know that and accept that as reality. Theres a real fear out there right now, what do you say to americans . Polls show a majority of americans show that islam is inconsistent with american values. They have an unfavorable view of islam. What do those people need to know . They need to know though there are numerous attempts thwarted. Theyre thwarted because muslims are working behind the scenes. Look at our jobs numbers, there are muslim businessmen and women who are starting business. Theyre putting americans back to work. They have to know that not only is islam a religion of peace, but muslims are here a valuable part of our community. What do you do about the problem of radicalization . In your community. George Washington University put out a report, isis in america. It says isis mobilization in the United States has been unprecedented. As of the fall of 2015, u. S. Authorities speak of some 250 americans who have traveled or attempted to travel to syria iraq to join the Islamic State and 900 active investigations against isis similar pathizers in all 50 states. The number of young men who have been arrested on isisrelated charged has doubled in the last year. As congressman carson has saie, there are 8 million muslims in the United States. American muslims arent the problem. Also, lets look at the Bigger Picture, isis wants us to be afraid. Isis wants to divide us. Isis wants us to be afraid of one another. And unfortunately, the Bigger Picture is, we have 350 Mass Shootings in 2015 alone and we see this media and political attention given to the acts of few thugs related to isis in the United States. But not the 350 Mass Shootings which means, one more mass shooting per day happened in the United States, mainly happened at the hands of people who are not of the islamic faith. But unfortunately, were giving a lot of credit to isis and to their recruited individuals who are very few in the United States. Congressman carson. I totally agree. I just saw a report where the white suepremacist group this has been a called to action, the rhetoric that were seeing, it concerns me. I think most of our largest domestic threat comes from racial supremacist group. Theres a Restoration Movement taking place. People want to take us back to the good old days. There are elected officials who are capitalizing on this sentiment. Well see next year the American People who are very intelligent, theyll push back on this kind of rhetoric because its very dangerous. Mr. Trump i have met mr. Trump. I read most of his books. Hes smart man, which means his rhetoric is that much more dangerous. Gentlemen, thank you very much. Thank you. When we come back, a rocky week on wall street, whats ahead for the markets and the economy in 2016 . A huge drop on wall street wall street this week, this week, the dow down more than 300 points on friday. Putting stock markets in the red for 2015. Before the Federal Reserves expected hike in Interest Rates this week. The first in nearly a decade. Here to analyze these moves, what to expect from markets, the editorinchief of the wall street journal. Gerard baker and our own rebecca jarvis. This week, rebecca, plunging oil prices had a lot to do with the stock market drop. Absolutely, george. Heres the problem with plunging oil prices, first what it says about the Global Economy, its demanding less oil, that could mean that the Global Economy is getting weaker. Second of all, it drags down energy companies. Down 6. 5 this week. Energy companies, the Energy Sector in this country has the weakest job growth, in fact, they have had the most layoffs of any sector in this country. Over the last year. 100,000 jobs loss and these are companies that have a lot of debt, being able to pay that debt back Going Forward relies on Oil Prices Going up. The what street journal this week highlighted a problem highlighted a lot in the past, junk bonds. Theyre not so highly rated. The companies are not blue chip companies. Theyre ones they represent a higher risk for investors. They offer a higher yield when nd. Because theyre a riskier proposition. They have to pay a higher rate of interest. Interest rates so low, at 0 . The Federal Reserve has been keeping rates at zero. Those junk bonds, those highyield bonds actually look quite attractive. Over the past few years, they have been piling into those bonds, liking what they see and the yield they get. Especially into companies, as rebecca said in the Energy Sector, that are now starting to struggle, because theres a huge imbalance in the supply of energy and demand for energy. And those bonds of those companies that have been producing such a high yield are starting to fall in price significantly. And that represents a real risk to investors. And nearly everyone is expected the fed to raise rates this week. But theyre still in a delicate spot. Look, the fed hasnt raised Interest Rates since 2006. They have held Interest Rates at zero since just after the financial crisis, an unprecedented period. Some parts of world rates are actually negative. You have a mortgage in europe a bank sends you a check each week. Now, the u. S. Economy is growing, its not growing very fast, but unemployment has come down. The economy is growing at a rate where it thinks it has to push Interest Rates back up. But its been these low Interest Rates, the huge demand that the Federal Reserve has pushing into the economy which has been helping the economy for so long. So, more drops in the market this week . What happens when we lose the training wheels, thats the question, george, and certainly this week, there will be volatility. Last week we saw the fear index the volatility index spike since the summer. Eyes will be on the Federal Reserve. Were heading into unchartered territory. We havent been in this position as you say for the last decade. Now were going into this new phase, where the training wheels come off the economy and what happens next, there are still huge question marks. No one knows the answer to this question. You know, we have had several years now of job creation, long and slow recovery, heading into this president ial election cycle, do you think the recovery continues or does it loses steam . It has been in place for 6 1 2 years. The average length of an expansion in postsecond world war war, has been over five years. This is long in the tooth this expansion by historic standards. Every reason to think that the odds of a recession in the next couple of years are rising significantly. With china showing weak growth, with huge drops in commodity prices, energy prices, and with an economy that remains, thats not shown significant signs of growth, i think the risk of recession are rising significantly. Thank you both very much for time. In this weeks sunday spotlight, Gloria Steinem has just released her first book in 20 years, my life on the road. She sat down with our own cokie roberts. Reporter Gloria Steinem loved and hated by millions grew up in a world modern americans wouldnt recognize. Women were legally denied jobs and credit and shut out of prominent positions. But instead of accepting that word, she led a movement to change it. I thought i had to get married and have children. And courtesy of all the women who were speaking out about different kinds of lives i realized i was actually happy. And not everybody has to live the some way. Reporter you now see people still having those kinds of arguments. I mean, does it wear you out to see what people call the mommy wars . It does drive me crazy. Because, what about daddies . Reporter there are daddies. Yes, and thats particularly true in the political world. A female candidate is asked, whos going to take care of the children . And the male candidate is never ever asked that question. Yes, absolutely, and a male candidate is applauded for considering the family and whats going to happen to his, you know, deciding whether to run for president. If a woman did the same thing shes often kind of disqualified by that. Reporter and were seeing it right now, paul ryan saying, as a condition of taking the speakership, that he needed to spend time with his family. And everybody said, oh, isnt that sweet . Yes, right, i recognize that as progress. Reporter so, though much has changed much has not. What about the biggest possible change . A woman president. Steinem endorsed Hillary Clinton in 2008, but didnt think the country was ready for a female commanderinchief. What made me feel that way was seeing grownup friends of ours, guys in the media who are perfectly serious people, saying things like, about Hillary Clinton, i cross my legs when i see her. She reminds me of my first wife standing outside alimony court. Looking at a powerful woman made them feel they had been regressed to childhood. The last time they saw a power powerful woman they were 8. Reporter so, do you think 2016 the country is ready for a woman commanderinchief . Yes, i do. Reporter but its a challenge that Gloria Steinem is ready to take on for your candidate, as she has taken on so many others of women that come after her. I skwd if she thought women understood the choices they have. I wouldnt demand gratitude. Reporter id like a little. Well, i think its really helpful to know what happened in the past. It helps you. Reporter whats ahead . Thats a great question. Because, people are asking me these days, what are you most proud of . Things like that. I havent done it yet. I live in the future. Reporter right. Thanks to cokie for that. Thats all for us today. Thank you for sharing part of your sunday with us. Well be live from New Hampshire next week. Check out world news tonight. Ill see you tomorrow on good morning america