Transcripts For FBC Sunday Morning Futures With Maria Bartir

Of what might be a showdown between the white house and capitol hill over new iran sanctions. Our panel on that. On the murder of a major putin opposition leader. That and more as we look ahead on sunday morning futures. Funding for the department of Homeland Security has been extended but only for a week. Democrats and republicans unable to comprise on a larger bill including language stopping the president s executive action on immigration. The president s the president s signature started the stopwatch on the next funding deadline. This upcoming friday. Richard shelby is a member of the Senate Appropriations committee. Hes chairman of the Senate Backing committee. Thank you for joining us. Good morning. How will you get done what you have not been able to get done for months by this friday . Well, thats a central question. We hope to get it done. What were trying to do is get a vote on some riders that came from the house. We havent been able to do that yet. Theres a lot of opposition to funding the Homeland Security without us passing the riders. I have voted for them and will continue to coso. What were trying to do maria is reign in a run away president. A president that basically my views and others disregarded the constitution. He grabbed a lot of he grabbed a lot of power. There has to be a there has to be a check. You you oppose the bill because it fails to address the executive amnesty as you called it. Yes. Yes. I vote against it a lot of us did. We want to fund the government but at the same time we want to be heard on something we believe is important to check the president on what he is doing i believe, is unconstitutional. Senator, i want to talk about this with you as well as get your take on benjamin net jaanyahu netanyahus trip. Reach a comprise on a funding bill . Fox news Senior Correspondent joins us with the angle. Good morning. Good morning everyone. They now have less than one week. Not the three weeks Speaker Boehner wanted. That remains in place at least for just five more days. All over the country republicans, senate and house candidates told the people if you give us a republican majority, we will stop president obamas illegal and unconstitutional amnesty. I think we need to follow through. The president s plan to give legal status to 5 million illegals. The house the House Speaker has to cobble together a new deal to keep the money flowing in the face of growing opposition. The 52 members of the conservative House Freedom caucus stood their ground. Theyre not giving up their effort to defund what they say is the president s violation of the constitution with the unlateral immigration action. After all the caulk cushion mission gives, quote, a voice to countless americans who feel that washington does not represent them. We support open, accountable and limited government and policies that promote liberty safety, and prosperity for all americans. Tomorrow the senate will weigh whether it will negotiate with the house over the immigration issue and the house could then consider a socalled clean bill this coming week. One that does not tie the Department Funding to immigration. And then theres this. And then theres the funding bill the funding bill that the president did sign on friday night is called the protecting volunteer firefighters and Emergency Responders ersers act. Who could be against that . If washington was a bit more truthful perhaps we could then really trust it. Maria . Thank you very much. Eric with the latest. Were back with more from senator Richard Shelby. Would you agree or sign a bill that actually separates the immigration executive order out of it, senator . Not now. I hope we will ultimately get the vote on the merits of what were trying to do that is to reign in the president s unconstitutional decrees but well see what happens this week. As i said as i said earlier, we want to fund the government. But we also believe its important to reign in this president. Let me let me move on to Benjamin Netanyahus trip to talk with congress this upcoming week. What do we know so far about these talks that have been going on with iran john kerry, of course resuming those talks this upcoming tuesday well we do know from briefings and other things that it seems to me that this administration is chasing a deal. Theyre desperate for theyre desperate for the deal. Some kind of deal. Thats not the way to negotiate. I believe at the end of the day it will not be whatever agreement they reach it will not be in our favor. It will be in irans favor. They will continue to pursue and ultimately get Nuclear Weapons. We should hang back and pass strong sanctions on these people. Its worked. It will work more. So lets talk about what you would like to see as a must have in any agreement with iran. Of course, critics of the deal including those in congress have demanded complete dismantlement of irans Program Given the history of lying in terms of its making uranium enrichment i am. I think if Iran Gets Nuclear weapons, which theyre doing everything to do its a game changer in the in the middle east. Youll have an arms race weve never seen. Other nations over there egypt, saudi arabia, theyre going to go for a Nuclear Weapons and theyve got the money to do it. And what is going to happen then . Its a gamechanger. Then look at israel there. Israel surrounded by all of that. Its tough its tough game. I think we need to stop them now if we are ever going to stop them. What are you expecting to hear from Prime Minister netanyahu this week . I think that we will hear probably different version of what the talks are about. Probably similar to what i was just alluding to. Not the rosie thing that the president is putting out, but i think we need to hear from him. You know, i think we get a different perspective. I think we need to invite him. The president doesnt want him here because hes chasing that deal, as i i said. And netanyahu is standing in the way of it and a lot of us hope to stand in the way of it. Right. Understood. And i can see why that would seem really not unreasonable to hear israels position. Let me move on to janet yellen. You were among those questions her last week when she testified in the semi annual speech to congress. What did you learn what did you learn about the Federal Reserve after speaking with janet yellen . Well, the chairwoman was very cautious on talking about raising Interest Rates and other things, which she should be. We i dont want to outguess the feds but right now inflation is basically under control. But we dont know that down the road. I think we have to i think we have to look at it what happens the federal open Market Committee in the next two or three months. You would like to see them start raising rates this year, senator . Well, i would hope we would never raise rates but sometimes so you to raise rates if inflation starts showing its head in a big way. Price stability is very important, as you well know. Senator, good to have you on the program today. Thank you so much. Thank you. Senator Richard Shelby joining us from alabama. British intel identifying the isis suspect known as jihadi john. Well talk to a former cia operative joined to a special Homeland Security task force. Follow me on twitter. Let us know what you like to hear coming up in the program as we look ahead sunday morning futures. Sesesesese 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. 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. [ male announcer ] whether it takes 200,000 parts 800,000 hours of supercomputing time 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. 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. You can call me shallow. But, i have a wandering eye. I mean, come on. National gives me the control to choose any car in the aisle i want. I could choose you. Or i could choose her if i like her more. And i do. Oh, the silent treatment. Real mature. So you wanna get out of here . Go national. Go like a pro. What does it mean to have an unlimited Mileage Warranty on a certified preowned mercedesbenz . What does it mean to drive as far as you want. For up to three years. And be covered . It means your odometer. Is there to record. The memories. During the mercedesbenz certified preowned sales event now through march 2nd, youll get complimentary prepaid maintenance and receive your first two months payments on us. Only at your authorized mercedesbenz dealer. Welcome back. The identification of isis terrorist jihadi john sparking a barrage of finger disappointing in the u. K. Critics wondering how the young London College graduate who was reportedly on mi 5s watch list was able to evade capture, and slip into syria. Congressman william herd is a former cia undercover officer. Hes on the task force on combatting terrorist and foreign fighter travel. Sir, good to have you on the program. Thank you for joining us. Thank you for having me. Before we look at how he was able to evade the government let me ask you about identifying this individual to be jihadist john. What does it do for the u. S. And the allies in the war against terrorists . It will gives us someone to focus on. It gives the ability to look at his known associates of previous travel, it gives us a target to go after. So identifying him is a good thing. And, you know, this is one of the most difficult parts of chasing terrorists. You know, i spent nine years as an undercover officer in the cia. I was the guy in the back alley at 4 00 in the morning collecting intention. When you have an identity of someone, it allows do you Start Building a package around them to bring them and their associates to justice. Its quite extraordinary to hear people who knew him and grew up with him and saw him in school and what they think of him today. How did he evade everyone and slip into syria . When you have so many people youre watching. You look at the number of folks 77 interest to mi 58. If this person hasnt committed any crimes its hard to devote the resources to him. This is an example of how scary isis is and the clear and present danger they are to the United States. Their ability to get their message out and to influence people is unparalleled. When i was in afghanistan and pakistan chasing groups like the taliban and al qaeda, to get their message out they would do night letters. They would write letters and leave it on peoples doorsteps. They were able to hit a couple hundred people in an evening. How isis is managing social media to get their message out to tens of millions of people we havent seen it from an terrorist organization here to for. How are they so experienced that the. Put the group in perspective for us relative to what youve seen in the past well, theyre sophisticated. Most of them are digital natives. You know, and so theyve been growing up and you know, and so theyve been growing up and learning these tools since they were born. They have very sophisticated folks behind them. A lot of times we want to look at that these terrorists that were facing across the world are guys that are living in caves and are really backwards. But its the exact opposite. They read more about the u. S. They know more about what were doing and how were trying to counter them. And theyre a sophisticated threat that we need to make sure we treat them that way. They have hightech equipment which, of course, they stole from the iraqi army which was left by the americans when the americans pulled out of iraq. Let me ask you what the u. S. Should be doing at this point. What is the most effective way to degrade and destroy isis . I think the best model we can look at is to think afghanistan december of 2001. When we went in to afghanistan after 9 11 and killed about a quarter of al qaeda leadership, pushed all the taliban out of the country the fall of kandahar which is a city in southern afghanistan, there were less than 500 americans in afghanistan. A hundred cia, 400 special forces. They were able to do what they did because they partnered with local groups and we can do that in syria and iraq. We should be working with our arab allies in the region. Isis is threat not only to us, the israelis, theyre a threat to the jordanians, the egyptians within the , the turks. Last week the president of egypt was talking about have been an arab group come together to fight these. We need to be working with our local partners and have them be our boots on the ground in order to destroy the threat. All right. Well be watching. Congressman, good to have you on the program. Thank you very much. We appreciate it. William hundred from joining us. What the Technology Boom means for jobs and the economy in your backyard. Even if you dont live in silicon valley. The chairman and president of the San Francisco Federal Reserve is with us next. That and more as we look ahead on sunday morning futures. 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. Stafs big week for markets and the economy as janet yellen testified in front of congress. This upcoming week is a big one as well. It will bring us the jobs number. Where are the job and where is the growth in the economy. Im happy to welcome to the program John Williams the president of the San Francisco Federal Reserve bank. Its good to have you on the show today. Thank you for having me. Let me look forward as we look like to look to the future on this program. Were awaiting the jobs report. Where are the jobs in this country . Last year was last year was an amazing year for job growth and i dont know if well match the numbers we saw last year with 3 million new jobs. I expect job growth to be above 200,000 a month. I expect unemployment to continue to come down. And i also am encouraged by the fact were not seeing job growth in one sector or another. Its pretty broad based. Its in lower and higher paying jobs. I think within by the i think within by the end of the year well be at Something Like 5 unemployment. Kind of where it is. We had the end and resolution to the strike. That was a positive for the economy. You had walmart recently raising salaries for a500,000a 500,000 employees. Is this a sign were seeing a turn American Families seeing their wages go up . I think were seeing a lot of indicators wages and salaries are going up. I can tell you what happened over the last 12 months and wages grew by 2. 25 . Were seeing more reports of individual companies where were seeing more wage pressure. This is a good thing for the u. S. Economy. Wage growth has been below where it needs to be to be at full employment to be at 2 inflation. Im encouraged by these signs. Yet when you talk about inflation other people talk about deflation. The fact that oil prices come down 50 . Food prices are down so much. What is going on in the whole commodities complex that is causing the prices to go down . Its a stark reminder were in a Global Economy where we import a lot of our goods whether its food, whether its energy especially energy. So were a huge oil importer. That will drive down u. S. Energy prices. When oil prices fell. Thats a big factor bringing inflation down in recent months. Looking forward oil prices have turned up bit. We dont expect them to fall further. I would expect underlying deflation to stabilize and move back to 2 . A lot of people are expecting the Federal Reserve to begin raising Interest Rates in june or september. You said its data dpa end. What is the most important data point we have it its time to raise Interest Rates . To me what it filters down to where do i see the labor market over the next year or two. Where do i see inflation going . Theyre filters for our forecast. Its important to remember and thinking about this takes a year or two before it has full effect on the economy and inflation. Why havent we seen the business spending one would expect at this point in the recovery . I think business spending does follow the economy pretty closely. The the biggest driver of a lot of Business Investment is what happened in the overall economy and the economic recovery. I think as the momentum is built last year and going into this year in terms of seeing growth. This year i expect real gdp growth to be about 3 well see Homeland Security<\/a> has been extended but only for a week. Democrats and republicans unable to comprise on a larger bill including language stopping the president s executive action on immigration. The president s the president s signature started the stopwatch on the next funding deadline. This upcoming friday. Richard shelby is a member of the Senate Appropriations<\/a> committee. Hes chairman of the Senate Backing<\/a> committee. Thank you for joining us. Good morning. How will you get done what you have not been able to get done for months by this friday . Well, thats a central question. We hope to get it done. What were trying to do is get a vote on some riders that came from the house. We havent been able to do that yet. Theres a lot of opposition to funding the Homeland Security<\/a> without us passing the riders. I have voted for them and will continue to coso. What were trying to do maria is reign in a run away president. A president that basically my views and others disregarded the constitution. He grabbed a lot of he grabbed a lot of power. There has to be a there has to be a check. You you oppose the bill because it fails to address the executive amnesty as you called it. Yes. Yes. I vote against it a lot of us did. We want to fund the government but at the same time we want to be heard on something we believe is important to check the president on what he is doing i believe, is unconstitutional. Senator, i want to talk about this with you as well as get your take on benjamin net jaanyahu netanyahus trip. Reach a comprise on a funding bill . Fox news Senior Correspondent<\/a> joins us with the angle. Good morning. Good morning everyone. They now have less than one week. Not the three weeks Speaker Boehner<\/a> wanted. That remains in place at least for just five more days. All over the country republicans, senate and house candidates told the people if you give us a republican majority, we will stop president obamas illegal and unconstitutional amnesty. I think we need to follow through. The president s plan to give legal status to 5 million illegals. The house the House Speaker<\/a> has to cobble together a new deal to keep the money flowing in the face of growing opposition. The 52 members of the conservative House Freedom<\/a> caucus stood their ground. Theyre not giving up their effort to defund what they say is the president s violation of the constitution with the unlateral immigration action. After all the caulk cushion mission gives, quote, a voice to countless americans who feel that washington does not represent them. We support open, accountable and limited government and policies that promote liberty safety, and prosperity for all americans. Tomorrow the senate will weigh whether it will negotiate with the house over the immigration issue and the house could then consider a socalled clean bill this coming week. One that does not tie the Department Funding<\/a> to immigration. And then theres this. And then theres the funding bill the funding bill that the president did sign on friday night is called the protecting volunteer firefighters and Emergency Responders<\/a> ersers act. Who could be against that . If washington was a bit more truthful perhaps we could then really trust it. Maria . Thank you very much. Eric with the latest. Were back with more from senator Richard Shelby<\/a>. Would you agree or sign a bill that actually separates the immigration executive order out of it, senator . Not now. I hope we will ultimately get the vote on the merits of what were trying to do that is to reign in the president s unconstitutional decrees but well see what happens this week. As i said as i said earlier, we want to fund the government. But we also believe its important to reign in this president. Let me let me move on to Benjamin Netanyahus<\/a> trip to talk with congress this upcoming week. What do we know so far about these talks that have been going on with iran john kerry, of course resuming those talks this upcoming tuesday well we do know from briefings and other things that it seems to me that this administration is chasing a deal. Theyre desperate for theyre desperate for the deal. Some kind of deal. Thats not the way to negotiate. I believe at the end of the day it will not be whatever agreement they reach it will not be in our favor. It will be in irans favor. They will continue to pursue and ultimately get Nuclear Weapons<\/a>. We should hang back and pass strong sanctions on these people. Its worked. It will work more. So lets talk about what you would like to see as a must have in any agreement with iran. Of course, critics of the deal including those in congress have demanded complete dismantlement of irans Program Given<\/a> the history of lying in terms of its making uranium enrichment i am. I think if Iran Gets Nuclear<\/a> weapons, which theyre doing everything to do its a game changer in the in the middle east. Youll have an arms race weve never seen. Other nations over there egypt, saudi arabia, theyre going to go for a Nuclear Weapons<\/a> and theyve got the money to do it. And what is going to happen then . Its a gamechanger. Then look at israel there. Israel surrounded by all of that. Its tough its tough game. I think we need to stop them now if we are ever going to stop them. What are you expecting to hear from Prime Minister<\/a> netanyahu this week . I think that we will hear probably different version of what the talks are about. Probably similar to what i was just alluding to. Not the rosie thing that the president is putting out, but i think we need to hear from him. You know, i think we get a different perspective. I think we need to invite him. The president doesnt want him here because hes chasing that deal, as i i said. And netanyahu is standing in the way of it and a lot of us hope to stand in the way of it. Right. Understood. And i can see why that would seem really not unreasonable to hear israels position. Let me move on to janet yellen. You were among those questions her last week when she testified in the semi annual speech to congress. What did you learn what did you learn about the Federal Reserve<\/a> after speaking with janet yellen . Well, the chairwoman was very cautious on talking about raising Interest Rates<\/a> and other things, which she should be. We i dont want to outguess the feds but right now inflation is basically under control. But we dont know that down the road. I think we have to i think we have to look at it what happens the federal open Market Committee<\/a> in the next two or three months. You would like to see them start raising rates this year, senator . Well, i would hope we would never raise rates but sometimes so you to raise rates if inflation starts showing its head in a big way. Price stability is very important, as you well know. Senator, good to have you on the program today. Thank you so much. Thank you. Senator Richard Shelby<\/a> joining us from alabama. British intel identifying the isis suspect known as jihadi john. Well talk to a former cia operative joined to a special Homeland Security<\/a> task force. Follow me on twitter. Let us know what you like to hear coming up in the program as we look ahead sunday morning futures. Sesesesese 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<\/a> beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. Request a prospectus or summary prospectus with Investment Information<\/a>, risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. [ male announcer ] whether it takes 200,000 parts 800,000 hours of supercomputing time 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. 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. You can call me shallow. But, i have a wandering eye. I mean, come on. National gives me the control to choose any car in the aisle i want. I could choose you. Or i could choose her if i like her more. And i do. Oh, the silent treatment. Real mature. So you wanna get out of here . Go national. Go like a pro. What does it mean to have an unlimited Mileage Warranty<\/a> on a certified preowned mercedesbenz . What does it mean to drive as far as you want. For up to three years. And be covered . It means your odometer. Is there to record. The memories. During the mercedesbenz certified preowned sales event now through march 2nd, youll get complimentary prepaid maintenance and receive your first two months payments on us. Only at your authorized mercedesbenz dealer. Welcome back. The identification of isis terrorist jihadi john sparking a barrage of finger disappointing in the u. K. Critics wondering how the young London College<\/a> graduate who was reportedly on mi 5s watch list was able to evade capture, and slip into syria. Congressman william herd is a former cia undercover officer. Hes on the task force on combatting terrorist and foreign fighter travel. Sir, good to have you on the program. Thank you for joining us. Thank you for having me. Before we look at how he was able to evade the government let me ask you about identifying this individual to be jihadist john. What does it do for the u. S. And the allies in the war against terrorists . It will gives us someone to focus on. It gives the ability to look at his known associates of previous travel, it gives us a target to go after. So identifying him is a good thing. And, you know, this is one of the most difficult parts of chasing terrorists. You know, i spent nine years as an undercover officer in the cia. I was the guy in the back alley at 4 00 in the morning collecting intention. When you have an identity of someone, it allows do you Start Building<\/a> a package around them to bring them and their associates to justice. Its quite extraordinary to hear people who knew him and grew up with him and saw him in school and what they think of him today. How did he evade everyone and slip into syria . When you have so many people youre watching. You look at the number of folks 77 interest to mi 58. If this person hasnt committed any crimes its hard to devote the resources to him. This is an example of how scary isis is and the clear and present danger they are to the United States<\/a>. Their ability to get their message out and to influence people is unparalleled. When i was in afghanistan and pakistan chasing groups like the taliban and al qaeda, to get their message out they would do night letters. They would write letters and leave it on peoples doorsteps. They were able to hit a couple hundred people in an evening. How isis is managing social media to get their message out to tens of millions of people we havent seen it from an terrorist organization here to for. How are they so experienced that the. Put the group in perspective for us relative to what youve seen in the past well, theyre sophisticated. Most of them are digital natives. You know, and so theyve been growing up and you know, and so theyve been growing up and learning these tools since they were born. They have very sophisticated folks behind them. A lot of times we want to look at that these terrorists that were facing across the world are guys that are living in caves and are really backwards. But its the exact opposite. They read more about the u. S. They know more about what were doing and how were trying to counter them. And theyre a sophisticated threat that we need to make sure we treat them that way. They have hightech equipment which, of course, they stole from the iraqi army which was left by the americans when the americans pulled out of iraq. Let me ask you what the u. S. Should be doing at this point. What is the most effective way to degrade and destroy isis . I think the best model we can look at is to think afghanistan december of 2001. When we went in to afghanistan after 9 11 and killed about a quarter of al qaeda leadership, pushed all the taliban out of the country the fall of kandahar which is a city in southern afghanistan, there were less than 500 americans in afghanistan. A hundred cia, 400 special forces. They were able to do what they did because they partnered with local groups and we can do that in syria and iraq. We should be working with our arab allies in the region. Isis is threat not only to us, the israelis, theyre a threat to the jordanians, the egyptians within the , the turks. Last week the president of egypt was talking about have been an arab group come together to fight these. We need to be working with our local partners and have them be our boots on the ground in order to destroy the threat. All right. Well be watching. Congressman, good to have you on the program. Thank you very much. We appreciate it. William hundred from joining us. What the Technology Boom<\/a> means for jobs and the economy in your backyard. Even if you dont live in silicon valley. The chairman and president of the San Francisco<\/a> Federal Reserve<\/a> is with us next. That and more as we look ahead on sunday morning futures. 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. Stafs big week for markets and the economy as janet yellen testified in front of congress. This upcoming week is a big one as well. It will bring us the jobs number. Where are the job and where is the growth in the economy. Im happy to welcome to the program John Williams<\/a> the president of the San Francisco<\/a> Federal Reserve<\/a> bank. Its good to have you on the show today. Thank you for having me. Let me look forward as we look like to look to the future on this program. Were awaiting the jobs report. Where are the jobs in this country . Last year was last year was an amazing year for job growth and i dont know if well match the numbers we saw last year with 3 million new jobs. I expect job growth to be above 200,000 a month. I expect unemployment to continue to come down. And i also am encouraged by the fact were not seeing job growth in one sector or another. Its pretty broad based. Its in lower and higher paying jobs. I think within by the i think within by the end of the year well be at Something Like<\/a> 5 unemployment. Kind of where it is. We had the end and resolution to the strike. That was a positive for the economy. You had walmart recently raising salaries for a500,000a 500,000 employees. Is this a sign were seeing a turn American Families<\/a> seeing their wages go up . I think were seeing a lot of indicators wages and salaries are going up. I can tell you what happened over the last 12 months and wages grew by 2. 25 . Were seeing more reports of individual companies where were seeing more wage pressure. This is a good thing for the u. S. Economy. Wage growth has been below where it needs to be to be at full employment to be at 2 inflation. Im encouraged by these signs. Yet when you talk about inflation other people talk about deflation. The fact that oil prices come down 50 . Food prices are down so much. What is going on in the whole commodities complex that is causing the prices to go down . Its a stark reminder were in a Global Economy<\/a> where we import a lot of our goods whether its food, whether its energy especially energy. So were a huge oil importer. That will drive down u. S. Energy prices. When oil prices fell. Thats a big factor bringing inflation down in recent months. Looking forward oil prices have turned up bit. We dont expect them to fall further. I would expect underlying deflation to stabilize and move back to 2 . A lot of people are expecting the Federal Reserve<\/a> to begin raising Interest Rates<\/a> in june or september. You said its data dpa end. What is the most important data point we have it its time to raise Interest Rates<\/a> . To me what it filters down to where do i see the labor market over the next year or two. Where do i see inflation going . Theyre filters for our forecast. Its important to remember and thinking about this takes a year or two before it has full effect on the economy and inflation. Why havent we seen the business spending one would expect at this point in the recovery . I think business spending does follow the economy pretty closely. The the biggest driver of a lot of Business Investment<\/a> is what happened in the overall economy and the economic recovery. I think as the momentum is built last year and going into this year in terms of seeing growth. This year i expect real gdp growth to be about 3 well see Business Investment<\/a>s pick up. Are you surprised we havent seen Consumer Spending<\/a> pick up more given they have saved money at the gasoline pump. I think the trajectory has been good and auto sales are at a high level. Theres a lot of signs of good consumer trajectory. Going into this year and for this year. Im not worried about the consumers. One area were watching carefully what is happening with the housing recovery. And that data has been somewhat encouraging. Its pretty low levels. Why has it been hard for housing to gain traction in the economy . Well, you know, its funny when you ask that. House prices have recovered pretty fully. Im in the bay area and its a hot housing market. So maybe thats not representative. But house prices have but house prices have recovered quite a bit. Quite a housing construction, you know, i think theres a psychological aspect to that. A lot of people are nervous about jumping into the housing market. Let me ask you what youre let me ask you hailing from in San Francisco<\/a>. You see vibrancy. Is San Francisco<\/a> out performing the rest of the country . The Unemployment Rate<\/a> 3. 7 . What kind of activity are you seeing on the ground there . Is it as vibrant as everyone said in terms of entrepreneurialism . Absolutely. You see everywhere. You know, you see it in terms of the employment numbers. You mentioned that already. Its not just in San Francisco<\/a>. Its not just silicon valley. Its all over the bay area. Its in seattle. A lot of tech companies, Big Companies<\/a> are based in seattle. Its all along the west coast. Its an exciting time. You go to caves and everyone is sitting there and developing the next app. It is very exciting situation. Were seeing a lot of construction, a lot of vibrancy in the economy. It shows you, you know, how important innovation is for the economy, for jobs, but also i think for the Global Economy<\/a>. As you look back at janet yellen testifying on the hill. What was her main message . Unemployment come down. Employment grew rapidly on that part of our mandate. Things have gotten better. I would say we have a way to go but we made a lot of progress. Inflation is still the question mark. Inflation is below inflation is below 2 . A lot of factors holding inflation down. And the farm story. Sure. And so when we have the looking ahead, you know, obviously we expect inflation to move gradually back to 2 . Once the inflations are holding inflation down over time so its a strong economy. Its feeding into bringing the inflation back to 2 . How do the happenings in europe like greece pushing back on austerity. How does it impact the u. S. . When you ask me what keeps me up at night or the risk to the u. S. Economy . Honestly mostly abroad. About europe asia, theyre not about the u. S. Recovery which i think is on solid footing. Its looking abroad and those developments. Especially especially the agreegeopolitical issues. It impacts the u. S. Through markets or trade . You know, greece it would be a confidence issue in the youreuro area through markets. I think it would be the primary concern there. John, its good to have you on the show today. Thank you so much for joining us. John John Williams<\/a> president of the San Francisco<\/a> Federal Reserve<\/a>. And up next will the murder of putins most outspoken rival galvanize the fragmented Opposition Group<\/a> in russia . Our panel starts there and moves ahead to the 2016 race in the u. S. Stay with us on sunday morning futures. Ameriprise asked people a simple question in retirement, will you have enough money to live life on your terms . I sure hope so. With healthcare costs, who knows. Umm. Everyone has retirement questions. So ameriprise created the exclusive confident retirement approach. Now you and your ameripise advisor. Can get the real answers you need. Start building your confident retirement today. [announcer ] what if one stalk of broccoli could protect you from cancer . What if one push up could prevent Heart Disease<\/a> . [man grunts] one wishful thinking, right . But there is one step you can take to help prevent another serious disease pneumococcal pneumonia. One dose of the prevnar 13\u00ae vaccine can help protect you. From pneumococcal pneumonia, an illness that can cause coughing, chest pain difficulty breathing and may even put you in the hospital. Prevnar 13 \u00ae is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. You should not receive prevnar 13 \u00ae if youve had a severe allergic reaction to the vaccine or its ingredients if you have a weakened immune system, you may have a lower response to the vaccine. Common side effects were pain, redness, or swelling at the injection site. Limited arm movement, fatigue, head ache muscle or joint pain less appetite, chills, or rash. Even if youve already been vaccinated with another pneumonia vaccine, prevnar 13\u00ae may help provide additional protection. Get this one done. Ask your healthcare professional about prevnar 13\u00ae today. Here are s here are some of the stories that are making headlines at this hour. Venezuelan president lashing out at the u. S. By imposing new security measures against americans. They include restricting the activities of u. S. Diplomats, cutting down the embassy, and requiring all americans to apply for tourist visas. The socialist leader announced in the rules in response what he calls american meddling in his country. He said venezuelan authorities had to pay several americans including a pilot and allegations of espionage. The state department telling fox news its looking into that claim. And pair of american astronauts venturing out of the International Space<\/a> station taking their third space walk in just over one week. They are wrapping up the project. Taking a live look in space. That project involving an unpress debited amount of cable. About 800 feet long theyre stringing outside the space station. Its a plan to install new docking reckdock ing mechanisms preparing for commercial spaces. The doctors will be in. They join us for sunday housecall. Im eric sean. Back to sunday morning futures and maria. Thank you. It was to be an opposition protest against the war in ukraine and corruption in russia. Today it is today it is a gathering of mourners in central mousescow for boris nemtsov, president putins most outspoken political opponent. Let me bring in our panel to talk about this. Ed Judith Miller<\/a> is adjunct fellow fellow. A fox news contributor. And former world chess champion is chairman of the new york based human rights foundation. A writer and political activist who has been thrown in jail by putin. Good to good to see everybody. Thank you so much for joining us. Gary, let me gary, let me kick it off with you. Im thrilled youre here to talk about an important event that happened over the weekend. Murder in russia. How do you see . It was in 2004 and i couldnt believe i had ears when i heard the news. I was shattered. The man was full of life. He was fighting putin to the last hour of his life. He an interview 40 minutes before he was killed, and he called putin the greatest mistake of the presidency. He was about to release new report on ukraine proving that Russian Troops<\/a> participated in the aggressive actions in ukraine. So do you think that was one of the catalysts or was putin trying to take him down and kill him or get him killed for a long time . We cant prove that putin was giving an order to eliminate the critic of his regime. But the atmosphere created which was paranoia of the fear or hatred 24 7. One of those who called enemy of the state, anything could have happened. One important thing you look at the video released and people should realize its a place that has more video cameras than fort knox knox. A few hundred yards away from kremlin. We could see the snow remove track that covered the angle of the camera that could show the face of the killer. And the killer made six shots in two second. Four were deadly. It tells you qualification. The car appears outside behind the snow removal truck and the car picks up the guy and they disappear and thats it. And police theysaid they removed the traces. You you could see it moving away. Thats extraordinary. And tomorrow, judy, secretary of state john kerry is meeting with the Russian Foreign<\/a> minister to talk about regional issues the ukraine crisis. How does this event play into that . Hes going to talk about the deal in iran because russia is very important in supporting that deal. And i just cant imagine what kind of conversation theyre going have after such a brazen act like this. You know putin himself said, oh im going to lead the investigation into the death of this russian. I mean that is such it goes beyond that. I have to salute hes boris nemtsov, gary to fight against putin is an act of courage. And it shows you how determined and how tough the russian opposition to this terrible dictatorship is. Huge. Huge. And unbelievable courage and, gary, you have been on it for years and were thrown in jail. If you were there, its anyones guess. Unfortunately its not a guess anymore. Thats right. We understand what happens with any kritcritic of putins regime. St it not a democracy no matter what we want to call it. Its a ruthless man. Probably the strongest leader ive seen in my lifetime in the opposition. He wants to basically suppress his people and expand his empire. We need to understand that. We cant deal with him in a position of weakness. Does the u. S. Leadership understand . I dont think they do. And here is the richest most powerful man in the world on one side and one of the weakest president s weve ever had. I agree. And, by the way, i think his successes are the way he thinks. The successes in his foreign policy. In ukraine and the way western leaders are trying to fight a comprise. Theyre making him even more arrogant. Dont forget germany putin is a bully. Bullies only back down when theyre challenged. He doesnt think hes being challenged by the United States<\/a> or nato. He has nothing to fear. Theres clearly no challenge coming from the u. S. On this. Stay us with, everybody. We want to get a look what is coming up media buzz. Check with howard. Before we move on to u. S. Issues. Good morning to you. Good morning to you. Good morning, maria. An interview with david axelrod. Well talk about the cozy relationship with the press in the campaigns. Well look at the media bashing that took place at the c pac conference. How the press is treating some of the people that spoke to the crowd jeb bush and chris christie. And the question and the question that all of america wants an answer to. Should we take him seriously when 75 to 80 chance donald trump this time hell probably run for president. Well be there. See you in 20 minutes. I want to get the panels take on 2016 and what came out of c pac next. High level negotiations with sweeping impacts on national security. Can you guess whether im talking about netanyahu coming to washington talking about Irans Nuclear<\/a> program or the political em pass over the dhs funding. Our panel will address all the above when we look ahead on sunday morning futures. Im type e. My golden years will not just be gold plated. I had 3 different 401 k s. E trade offers rollover options and a Retirement Planning<\/a> calculator. Now i know when im going to retire. Not if. 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. Friday night, buddy. You are gonna need a wingman. And with my cash back, you are money. Forget him. My Airline Miles<\/a> will take your game worldwide. What im really looking for is i got two words for you rewards. Theres got to be better cards than this. [ male announcer ] theres a better way with creditcards. Com. Compare hundreds of cards from all the major banks to find the one thats right for you. Its simple. Search, compare, and apply at creditcards. Com. First rounds on me. Welcome welcome back. Our panel is back and our panel is back and busy week coming up for congress. Ed, judy and gary with me. What are you expecting with netanyahu . I know hes saying its not about domestic israeli politics. Its about ironan and what he thinks is a bad deal not only for valeisrael but bad for the United States<\/a>. In israel everyone talk about is talking about this as a political move to win the election. I think what netanyahu has done even though the message may be important. He could have delivered it. As he injected israel into partisan american politics. Thats a very dangerous thing to do. It might be a dangerous thing to do, ed but at the same time dont we want shouldnt we hear israels position on this . Absolute i. Where i differ with my friend judy, which i seldom do. Its an equal branch of government. Theyre entitled to bring anybody forward they want to hear from. The American Public<\/a> will hear the different viewpoints. We heard the details. This is going to be a bad, bad deal and its going to show great weakness and the president and john kerry are anxious for any deal they are willing to sell out anybody. I side with ed on this issue. I believe its the wrong platform. It it turns the issue into israeli domestic problem while were dealing with the threat from israel but its a major challenge for the United States<\/a> for the west because iran might get nuclear. And we know from cuba that, you know its very difficult. But with cuba its political. With iran, you know, theres so many military aspects i believe it should be investigated by congress and the American Public<\/a> must be aware of every detail which might present a threat to u. S. National security. Thats the point, i think. Shelby said earlier if Iran Goes Nuclear<\/a> its a gamechanger for the world. Why cant congress understand fully what is even the best case ten years its a very short lifetime. The agreement allowed to go nuclear. We dont know what the deal is yet. Lets wait and see, however, we have to point out what is netanyahus alternative with a deal with iran . What is anyones alternative to a deal with iran. Lets wait and see the deal and we can condemn it if it merits condemnation. Hes trying to make the point what hes most afraid of and most damaging to the world and israel. Im curious im curious you want to see the deal after its signed . No. I want to we . You know, they sign something and said okay read it. Ten years the administration has denied the initial reports this was going to be ten years only and after that iran would do it why . Why do they get everything they want and we dont get anything we want . Obama and kerry want a deal. Its part of their twoyear legacy deal. His task is to protect his homeland. Our task is to protect our country. If anything comes together, any agreement would have to establish verifiable limits on the Nuclear Program<\/a> and ensure that iran cannot quickly produce weapons enough usable taerl for material for a bomb. Having congress shut out of the discussion is extraordinary. Theyre not shut out of the discussion. Theres going to be lots of theres going to be lots of discussion. Its not clear that the president can make a deal that Congress Wont<\/a> have some say in. Which is what the ayatollah himself expressed concern about. I think we ought to wait and see what they come up with. There will be plenty of time to attack it and stop if its a bad deal. Because of the controversy around this trip and because the president is upset that netanyahu is coming and going directly to congress. What does it mean for the relationship between the u. S. And israel and does now israel expect that the president of the free world is not supportive or hes not been supported anyway. At the end of the day it cant be worse at the administration level. I go back to the point that congress is an equal branch of government. Most americans dont realize that. The president the president runs one element, the congress runs one element. When we come back 2016 rand paul wants the straw poll again. Again. Well ask the panel and apprise them about that and c pac and what it means for the gop in 2016. Were looking were looking ahead this morning on sunday morning futures. You get sick you cant breathe through your nose suddenly, youre a mouth breather. A mouth breather well, put on a breathe right strip and shut your mouth. Cold medicines open your nose over time, but add a breathe right strip and pow, it opens your nose up to 38 more. So you can breathe and do the one thing you want to do sleep. Add breathe right to your Cold Medicine<\/a> shut your mouth and sleep right. Breathe right. And look for the calming scent of new breathe right lavender in the sleep aisle. Automotive innovation starts. Right here. With a control pad that can read your handwriting, a widescreen multimedia center, and a headup display for enhanced driver focus. All inside a redesigned cabin of unrivaled style and comfort. The 2015 cclass. At the very touchpoint of performance and innovation. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. Welcome back. Were back with our panel. Cpac has happened and once again rand paul won the straw poll. What does it mean . He has a strong organization. 12,000 people participate. Diehard activists come to this 3,000 of them vote. He won with 25 . Its a National Media<\/a> story. Pretty darn good. I think walker had a good show. That was the surprise. How well walker did it. Equally as important this Group Conservative<\/a> libertarians has basically rejected the establishment candidates jeb bush, christie perry, others didnt do well at all. It would have been a surprise if he didnt win, rand paul, right . Absolutely. He was the only possible winner this this crowd. But what does it mean . It doesnt mean anything because the people except the base may not be excited about the person who is likely to be nominated as the republican president ial candidate if the Republican Party<\/a> is lucky because somebody who cpac wants probably cant win the national election. Youwalker did well but there was criticism over what he said. I promise you he came out of this enhanced. He has become a very serious contender. There is no frontrunner this this thing. Bush is becoming the part difference the establishment wall street. A real strong element doesnt want that. And my sense if bush is the banner carrier hell have a long hard battle here. Long hard battle with the other candidates on the gop side or long hard battle with hillary . Remember the thing that remember the thing that killed romney was he didnt relate to ordinary people. We cannot be the party of the basically wall street and be successful long term. I dont think that scott walker, a man who compares union people to isis, who behead, crucify, smash statues, that that indicates that hes quite ready for president ial prime time. Listening wayong ways to go before every woun. And you said for policy is probably the number one issue. Yes. And you said for policy is probably the number one issue. Yes. The american image in the world. Who did wrong. A rematch of 1992. And its really, really dangerous because it will lead americans in the wrong direction. And as for scott walker, he is a republican governor in a blue state. I think the state that was on the Democratic Congress<\/a> since 1984. And and what is very important, who he succeeded in pushing his agenda, which meant that he could negotiate with democrats. Thats very important for washington now to have slb who already has successful experience in dealing across the partly line. If i would have said eight weeks ago watch scott walker hell be leading all the poles, you would have chuckled at me. He has moved in eight weeks to a very significant position which will help him in fund raising. We have a long ways to go. Are some of the other guys in the race now vp candidates. Vp will be who can offer us another state. I think carla she is never been elected and had a disastrous career at hp and that became the big issue this much she laid off 30,000 workers and sent them overseas. At least she didnt compare them to isis. Still to come, the one thing to watch the week ahead. 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<\/a> risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. [ male announcer ] whether it takes 200,000 parts 800,000 hours of supercomputing time 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. You can call me shallow. But, i have a wandering eye. I mean, come on. National gives me the control to choose any car in the aisle i want. I could choose you. Or i could choose her if i like her more. And i do. Oh, the silent treatment. Real mature. So you wanna get out of here . Go national. Go like a pro. Do you want to know how hard it can be to breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva respimat does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with Spiriva Respimat<\/a>. Discuss all medicines you take even eye drops. If your breathing suddenly worsens, your throat or tongue swells you get hives, vision changes or eye pain or problems passing urine stop taking Spiriva Respimat<\/a> and call your doctor right away. Side effects include sore throat cough, dry mouth and sinus infection. Nothing can reverse copd. Spiriva helps me breathe better. To learn about Spiriva Respimat<\/a> slowmoving mist ask your doctor or visit spirivarespimat. Com welcome back. The one big thing to watch. Funding for department of Homeland Security<\/a>, a real battle this week. Its a real test of whether boehner can get his troops in line. They will not win the repealing Obama Program<\/a> and if they try to overthrow boehner, it will be a bad sign. If foam landfoam if Homeland Security<\/a> runs out of money is boehner in trouble . I think republicans are in trouble. We have to let the court nation the decisions. Lets make the government run. I of course am watching netanyahu and the speech tuesday, but i think its interesting in israel people will see it with a five minute delay so that the sensors are looking at whether or not bibi is saying anything political that might affect the election. 00 lot ofa lot of distraction around this meeting. Many important things will happen this coming week, but of course im watching the funeral of boris tuesday in moscow and i hope nothing terrible will happen. And ill be waiting to see whether putin will do something dramatic in ukraine. Well leave it hello, everybody. Im lou dobbs. Three new york men are in custody, accused of planning to travel to syria to join the Islamic State<\/a> and wage jihad against america. That after reports that Islamic State<\/a> terrorists have kidnapped more than 100 iraqi men and boys near tikrit. Those developments inconvenient for the Obama Administration<\/a> and contradicted the Obama Campaign<\/a> of optimism about the war on terror on capitol hill. The retired marine corps general at the forefront of the u. S. Led coalition in the fight against the Islamic State<\/a> today followed the obama Islamic State<\/a> script and worked hard to downplay their threat","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia800206.us.archive.org\/17\/items\/FBC_20150301_230000_Sunday_Morning_Futures_With_Maria_Bartiromo\/FBC_20150301_230000_Sunday_Morning_Futures_With_Maria_Bartiromo.thumbs\/FBC_20150301_230000_Sunday_Morning_Futures_With_Maria_Bartiromo_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240621T12:35:10+00:00"}