tv Sunday Morning Futures With Maria Bartiromo FOX Business March 15, 2015 6:00pm-7:01pm EDT
bye, everyone. lisa bloom lisa bloom . welcome to "sunday morning futures." with less than two weeks, secretary of state kerry saying there are quote, important gaps getting 2349 way of a deal with iran. senator thom tillis is on deck. iraqi forces pushing back isis into tikrit, but ash carter now says a war against the terror group could expand with the u.s. targeting affiliates in africa. steven bucci will weigh in. and could anything change
that? soon saudi arabia, iran, our own government? the ceo of chevron on that and more, as we look ahead on "sunday morning futures." secretary john kerry in egypt echoing what he said last week in paris. the purpose of negotiation with iran is not just to get a deal but to get the right deal. now he's voicing skepticism about doing that. thom tillis joins us right now. senator, good to have you on the program. >> good morning, maria. >> -- out of this deal with iran? >> well look, i think we need to go back and look at the foundation. we're talking about an administration that's gotten the strategy wrong in syria, the strategy wrong in iraq, dangerously going down the wrong path in afghanistan. i don't think they're negotiating from a position of strength. whether it's making sure the duration of the agreement with no sunset, whether or not we
have proper provisions in place, it seems tha like the administration is missing it. >> how confidence are you that the congress will get to see the makings of the deal before anything is signed. >> i thought it was remarkable that secretary kerry said it would bring it before the u.n. but not the u.s. senate. there are a number of democrats who are concerned with the potential for a bad deal. i think the democrats are prepared to side with republicans to pass legislation that could require that review. this is beyond an agreement, this is a treaty in almost every since of the worse. >> and so many implications of that treaty. senator, stay with us a lot to tau with us this morning but with crunch time fast approaching in this nuclear talk with iran will an effective deal be reached in less than ten days?
eric joins, us good morning. >> good morning everyone. will it happen? with nine days to go the odds still this morning seem uncertain. critics say i told you so. for all that's been leaked on the by the administration to show what they think is good about the deal. it's very clear that we have legitimized iran's nuclear program, and the most likely outcome, far and away the most likely is iran will get nuclear weapons in the future. a last-minute push is on in switzerland to rebridge the differences, but it's still unclear if the iran leader would agree to anything. -- continued blocking of full inspections of all of its facilities, and the timing of the dropping of billions of western sanctions against tehran. >> we need a verifiable set of
commitments and we need an agreed-upon plan that obviously provides the access and the opportunity to be able to know what is happening so that you can have confidence that the program is indeed peaceful. >> for example, iran has blocked weapon inspectors from the parchin? complex. why some say an imperfect deal is better than no deal, kerry insists the u.s. wants what he calls the right deal but there's growing concern that there never can be one. >> it may be that iran simply can't say yes to the type of deal that the international community is looking for, but we owe it to the future of everybody in the world to try to find out. >> previous nuclear agreements have achieved a lot more than this one. in 1989 south africa completely dismantled its nuclear weapons program including a reported
sick bombs. libya's programs was also taken apart, and many of the it shipped to tennessee where it remains today. there was no similar guarantee whether it comes to iran, which continues to incest it has it is right to nuclear enrich hadn't despite six u.n. resolutions against it. >> we have more now with senator thom tillis. senator, let me ask you about last week's senate committee hearing. interestingly the hearing focused on eye says, why the the issue of iran kept coming up. tell us what you would like to see in terms of authorizing that military force against isis? >> i think it's one of these odd situations where the president wants fewer options for a shorter period of time. we want to provide more options for a longer period of time. the reason why iran comes up in
the discussion they now have groups in iraq on the ground. they could go to kirkuk, ultimately to mosul and a number of places. i think that's why you bring iran back into the discussion. what we want to do is provide this presence and the military leadership with every option available. they'll decide whether or not they should use it. this is another example where the president wants to publish what he won't do and over what period of time he will do it. >> this is a very important point you're britaining up. the iraqis have pushed back in tikrit and actually been effective. we have been talking for a long time about the iraqis needing to have boots on the ground from their middle eastern neighbors, boots on the ground from their middle eastern friends. and it cannot be ought about the u.s. and its boots on the ground, yet the partners in the fight against isis are the
iranians. how does that complicate the situation, given the iraqis and iranians are working together against isis? >> i think it's very important. the american people need to know it's not the iraqis as a whole, it's the shia militia that prior to 2011 were killing american soldiers. if we want a long-term strategy in iraq, it could be just the strategy that's founded on some progress that iranians can make by aiding and assisting and advising shia militia. the consequences of that could potentially be pushing the sunnis closer to isis and causing more problems than it solves. it's just a another example where the strategies are failing. i think the american people and congress are become increasingly concerned. >> people have to realize and understand fully what happens after this fight against isis, because if you have iran heavily in iraq because they were just fighting with the iraqis against
isis, what does that mean later? what does it mean after the fight on the ground in terms of iran having such a presence in iraq? >> well, that's exactly right, maria. you go from tikrit to other areas within iraq. if you don't have a strategy to ultimately athose those territories to be managed by the iraqi national forces, you may end up creating an equally more dangerous situation than the one you supposedly removed by taking ground. in tikrit the most recent example. it's another example where america needs to lead and have a long-term strategy. it's clear we don't have that today. >> we'll leave it there. senator, good to have you on the program. thank you for your insights. >> thank you, have a great day. isis is metastasizing, the secretary comparing the group to cancer, and former pentagon official steven bucci on that.
i hope you follow me on twitter, let us know what you would like to hear from steven bucci. we're looking ahead this morning on "sunday morning futures." at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom.
welcome back. some 20,000 iraqi soldiers stored into tikrit on wednesday. they are reportedly poised for a final assault against the terror group isis, which still holds the central half of tikrit. retired army special forces colonel steven bucci was assistant secretary under donald rumsfeld. sir, good to have you on the program. thanks so much for your time. >> thanks for having me back.
>> in terms of this fight and the idea that we are expanding the assault against isis, because boko haram has pledged loyalty to isis and its acceptance by isis is a troubling development apparently what can you tell us the implications are? >> well, boko haram has already been one of the most horrendous terrorist groups out there. they're islamist in the same sense as isis, doing the same sort of how rendous atrocities that isis has been doing, but they had previously established their own caliphate. now they are saying we're not going to do that, we're going to swear allegiance to isis, given them credit as leading the caliphate. that's a disturbing development. so then should it be that the fight against isis should be expanding two places like
libya, and in places within africa? >> well, i think they need to fight islamist terrorism wherever it is, particularly if the groups are significantly large like boko haram like al qaeda and the islami ma grid like al shabaab in somalia, where those groups have grown and continuing to fight we need to address them. we cannot ignore them just because they're officially not isis. >> how much stronger does this group to you with boko haram as isis' partner? >> the specific groups, because they're not like giving each other orders or doing consolidated campaigns they're not necessarily stronger in that sense. but the threat is bigger, it's wider, more diverse. we need to work with our allies and friends, in some cases some governments that are not perfect, and work with them to try and help them fight these
threats in those regional areas. >> how do we do that? what's your sense of the iraqis working with the iranians in tikrit for example? >> that's very concerning to me. i heard one of year previous guests mention it the shia militias are advised and led essentially by iranian qods force commanders, which are very much like the old soviet spetznat guys. that's very concerns. we should have our special forces folks in along with the other non-shia militia groups. right now we're going to run into the same problem as we saw in syria where the most effective fighting forces are the ones most closely aligned with the worst groups. here on this sigh it will be the shia militias owned by iran. that's just not the situation we said. >> so given what we know in
terms of expanded isis. in terms of the terrorist shows up in different areas of the world, what could this mean for the military authorization that the president is looking for to fight isis? >> it cannot be so narrowly defined that we can only respond in the one place. that's really unwise. sort of flying in the face of the reality that's out there. it needs to give the military a lot of options. you can make those contingent on coming back and getting additional permissions from the president and the pentagon. you don't want them running around helter-skelter, but you need the legal authorization defined broadly enough that we don't have to have a big congressional debate every time you said to do an operation in another place. >> understood. >> what do you think the actual military sort of plan should look like? we've been talking and debating boots on the ground for a long time. now it seems the middle
easterners have put their own boots on the ground to fight isis and it's been effective. >> i've said all along it's better to let the booze on the ground by the local forces. it's their fight in the immediate sense. that said putting our special operations forces together with them is a step between not doing anything but air strikes and deploys big conventional formations of american soldiers and marines. our soft guys frankly don't consider themselves boots on the ground, and we probably shouldn't look at it that way, either. they are needed there they're needed to help the friendly forces be more effective and to make our air operations more effective. i think we're starting to put our together in the water there but we need to do it state we're doing it, and turn those guys loose. >> steven, it's good to have you on the program today. thanks so much.
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negotiations talking about a nuclear deal with iran, what is the impact of a deal with iran in terms of more oil on the market from your standpoint? >> overtime in relationships were normalized and investors were allowed to participation, you would see more investment and more impact on the world's oiled market. oil comes from any location. no country producing more than about 10%, so we have a 93 million barrel a day market. it's growing about a million barrels a day per year. we have a big decline in that base production. we need access, and in chevron's case, our activities are elsewhere but others might choose to invest if they were more opportunities. >> i'm glad you mention that. most people need to recognize that the oil market is global. you don't just have the u.s. oil
producers, first you have a shale revelation, iraq, libya where there's a civil war, producing oil. that's one of the reasons that oil prices have gone down. what do you think is the reason behind this 50% sell-off? is it a supply story? or a demand story? >> it's been a little bit of both. if you look a year ago, we were seeing an oil market pril wet well in balance. estimates in demand have come down, and a little more supply. also from the shale bill in the united states, so the markets are in balance. when we get martz in imbalance, prices can fall or rise very rapidly until they come back into balance. >> the dallas federal reserve has told me that all of the jobs created since 2007 have been around the energy business, that's where the vibrancy in the world has been. with oil prices down is that where the job cuts are going to be? >> we certainly have seen a boom, and it came at the right
time to generate jobs around this country. it has been wonderful. now we're seeing lower prices. certainly you'll see some reductions in activity in our industry, but we're also seeing lower prices. consumers have more in that pocket with lower prices, businesses have lower energy costs, and it represents an opportunity for us, so our industry works whether we're mitigating rising prices by investing or when we have though slow down, yet businesses are hoarding cash they're not increasing cam exeing cap ex. that's another issue, and we'll probably see that slow down. is it going to impact overall broad economic growth? >> i think some of the issues that are out there are things that business leaders have talked about for a long time. tax reform. we need tax reform to keep american business competitive.
we need form. there's been bipartisan support but i've seen no action. we talked about entitlement reform, so we can be sure we'll have a balanced fiscal situation going forward. regulatory, on the regulatory side, we're seeing an avalanche of new regulations, in every business, include mine, and now the epa that can't get rig laze passed, they are implementing actions without in some cases risk will benefit analysis. i hope we can address them. >> we don't talk about the epa enough. that'sen one of the most op russ rule-making organizations out there. >> well, we've seen, for example, new ozone standards. everybody wants clear area clean air and clean water. most areas of this country including national parks could
be a nonattainment. in other words we're reducing the requirements down to background levels in the air. i think we need to take some time and be sober about these things and make sure we're getting the benefits we think we're going to get and not getting into diminishing returns. >> talk to us about that, and the saudi it is and their strategy of not wanting to give up any market share. a the lo of people think they're waiting to see the breaking point. will the saudis put the shale companies out of business in america? >> i don't think they will. we a great position. we have a position that we think -- >> you're in the permian. >> you're in the permian, and the marcellus shale in pennsylvania, but we talked with analysts this week about permian. we have steadily increased our investment. >> does it concern you the recount is down so
substantially. >> i think we'll see them fall further. one of the interesting characters about shale is that if you look at month 1 productions versus month 13 on a given well it declines about 70% in many cases. >> wow. >> so the decline is very rapid. what that will mean is markets will tend to come back into balance without additional dribbles. >> the last typing we saw a decline in oil, we saw a string of deals, lots of mergers. >> we don't think we need to be better to be better we need to be better. we do look at opportunities to pick up leases or discovered resource or even companies at that time but that's not our focus. we have a 20% growth profile over the next years. >> and a big lng project? australia. right now you're in the investment phase, but very soon you'll start to see real revenue yielded from this project.
>> the first of three trains of production will start up later this year, the other two next year and we'll realize a drammic increase overall in our production. these are world-class size projects that go on for 40 years. >> john, great to have you on the show today. >> thanks for having me. john watson. chairman and ceo at chevron. up next, john kerry on the way to switzerland. can he satisfy the administration's critics on capitol hill? all before a critical month-end deadlines. all of that ahead, and our panelist is coming up on "sunday morning futures." i'm 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 calculator. now i know "when" i'm going to retire. not "if."
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a fox alert. a cold case turning red hot this morning, please in new orleans announcing the arrest of robert durst. he was found not guilty in a 2000 murder trial in galveston texas after admitting to dismembering his neighbor's body and throwing it into a waterway also the subject of a current hbo series, exploring two suspected killings of women, including his wife kathy and his longtime friend susan berman.
we'll be back at noon, and the doctors at always will be in. they'll join us for "sunday housecall" two hours from now. for now, i'm eric shawn, back to "sunday morning futures" and maria. thank you, eric. back to one of our top stories. john kerry is now headed to switzerland for a new round of talks aimed at reaching a deal ahead of a critical deadline. mr. kerry noted yesterday that important if issues still remain. critics say the administration is giving up way too much for the sake of a deal. a longtime business leader and fox news political analyst
is here with us. squludi miller is a pull hitser prizewinning author and contributor. >> jon hilsenrath is here, good to see everybody. let's talk about first the negotiations with iran. do you sense a different tone from john kerry? ed? >> he's basically arguing that nothing technically involved that would diminish it. it's about politics at this point. and the question i raise, this is a country that basically is -- producing -- six in the production line of oil, number four on the long-teem reserves. why does it need nuclear energy? >> i don't know if we know this deal is stopping the enriching of uranium? >> i don't think it does.
i think at the end of the day they've cheated every deal they've made. to a certainly extent we shouldn't reward them. >> i think you have to go back to the basics and say what is the alternative to a deal if this administration certifies it's the best we can get if they like this deal, it's going to be impossible to take an alternative view which is to ratchet up sanctions, which is some -- what some of the republicans want to do. we cannot do that alone and be effective, and we cannot do a war by ourselves. i think this deal, we've got to wait and see what it is. we are already condemning something we haven't seen. it's like reviewing a book you haven't read. >> you make the right point. last week we spoke with senator george mitchell. he made the point we could say the -- this is five superpowers as well as the u.s. we have to weigh in what china
wants, russia european countries as well. >> this is what i want to ask judy about. the question is why not continue with sanctions? my question is what changed? we had a sanctions regime that the whole world had bought into. now that's held up as not being viable anymore. what happened? was it because the united states has created an environment where it appears that there's no alternative? >> i think the difference is we have an interim agreement in place, which has really limited what iran can do the amount of highly enriched urain yes, ma'am, it has given or inspectors access to places we haven't had before. do we lose all that and just have to re -- >> what to make the argument for more sanctions -- >> and the -- i take issue with my friend, once the agreement is done, it's done. the president and the secretary of state have agreed to a deal with the allies.
we ought to be able to see what's in the deal long before it's signed. >> what about the deal we have in terms of fighting isis, and now the president wants new authorizations for military attacks against isis. john mccain's comments -- >> he basically said dempsey was the worst chief of, he said there's no plan. rae peatedly he's asked for it privately and publicly and i think that's the issue. >> if this is the issue judy, we're are we trusting that everybody will be perfect with iran when this fact look at what we are talking about when it comes to these brutal killers isis? >> i don't think we are trusting iran, and i don't think it is -- the fact that we have no strategy. you can take issue with the straek, and i do, and i criticize it it as does ed and jon, but with isis you have a
metastasized phenomenon. we have to fight it in different ways and some people feel the president is not asking for enough authority, the authority he will actually need. >> why isn't he? >> because he doesn't want to involve the united states in terms of boots on the ground in an area where the ire, the anger, the fury of muslims will be turned against the united states. i take issue with that, but i think you can't say -- >> i take issue with it, because the reality is the reality. we are watching what they murderers are doing. >> i -- el they -- >> that's the problem with the strategy as far as i see it but to say they don't have one i think underestimates what they're trying to. >> how absurd is it that the country that's been the unsafest, is now an ally? >> the todaya that they found when they got after bin laden is
coming forth "wall street journal" had a great piece last week that said there was evidence that there was al qaeda activity. you now see a story that the cia money is going to basically fund al qaeda, whether directly it wants to or not, it's there, and i think to a certainly extent these are bad guys and we to treat them so. stay with us guys. what's coming up at the top of the hour with howard kurtz. >> we're going to execute nice the e-mail controversy and why commentators are all panning her performance. this is really interesting, how hillary clinton and her allies are launching this counterattack against the press, saying it's not much of a story, but a media fixation, and whether that can possibly work. >> that's unbelievable. we're going to talk about that next. republicans descending on new hampshire scott walker
grabbing the headlines, commenting on jeb bush and a lot more. our panel a 2016 and the road ahead, as we look ahead on "sunday morning futures." ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. 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 once-daily inhaled
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for is -- i got two words for you -- re-wards. ♪ ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. welcome back. our panel is back, talking about the presidential race, and the headlines so far certainly on the democrats' seed has been the hillary e-mails. will she be able to get through this, ed? >> she'll get through it. it reminds everybody, it's a terrible way to start a campaign. a, she doesn't have a staff to basically function as a campaign staff would. equally important i. it's not going to go away.
>> do they have a bench? >> no. >> they don't have a bench? >> no. who else? senator -- vice president biden? >> what about o'malley? >> nobody knows him outside of maryland. for the people in the center of the party say they can't get elected? where is the bench? it's pretty pathetic. >> speaking of o'malley his party just got kicked out of the state house. >> no fewer than three senate committees are investigating this e-mail scandal. they want all of the correspondence around her dealings of libya. they want to get to the benghazi story. are they ability to get it? >> they'll certainly by looking. >> the server is in her house. >> you probably nods the rule better than i do. i don't know why it could be subpoenaed by a congressional body. what i find interesting is the
way centrists are getting beaten up. jeb bush has not been welcomed with open arms so far in his efforts to get nominated, so we have hillary and jeb. they're not off to a great start. >> jeb has been welcomed by the money, though. you into i have beenly say i don't want anybody to give me more than a million, 2700 is the federal limits and talking about raising $500 million by june, he'll be a player. whether he's the 234078 knee or not it's a long way to go. >> let's listen to what scott walker said. he made a lot of statements in terms of economic policy and basically the talk of new hampshire. what are your thoughts? judy? >> what strikes me about him is he's not quite ready for primetime. when you're asked a question about climate change and you
respond when you were a boy scout you always thought that camp sites ought to be clean, you have a problem here. he's prone to gaffs. >> ed, do you agree? >> that was three, four weeks ago, and now he's brought all the friends in on foreign policy. governors normally don't know about foreign policy. he'll get up to speed. he will be a very viable campaign. at the end of the day he'll be one of the three or four serious candidates. >> is climate change foreign policy? >> i was reading stories about how george bush was being tutored on the limbnaries on -- luminaries on foreign policy. >> at the end of the day maybe we want to start from scratch. >> wait. did obama learn foreign policy on the job? >> we need someone who is experienced at this.
>> whatever obama has done i'll do the opposite is pretty much the premise for a republican. >> and so we don't know who the candidate is on the republican side. >> i'm still not sure that this e-mail thing doesn't raise so many questions about her and her judgment and penchant for secrecy that someone else emerges. >> at this time is there enough time for someone else to emerge? >> i'm going to loaf that to my friend the election expert but i think if her situation becomes desperate enough, it becomes possible. >> the question is is she ready to primetime. she stumbled in the book tour and stumbled badly with this press conference. she holds it at the united nations? >> what was that about? >> she's not ready for primetime yet. >> you know i think a very large piece of the population is
tuning out this whole story. >> she's got the money still. >> yes. >> it's something people in washington talk about. >> her core base is there with the money. stay with us, panel, the biggest event in business is happening this week? or panel will talk about it. jon hilsenrath on the word "patience" as we look ahead on "sunday morning futures." at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping.
you know, i think that's going to get a lot of attention what's probably going to happen, your rates the rates you experience on mortgages and car loans won't move that much. the fed controls short-term interest rates for a lot of reasons your mortgage rate will stay pretty low for a while. >> if they remove the world "patient" is that what everyone is expecting? does that create a mark sell-off? will we see market selloffs on wednesday? >> this is why it matters because the matter has a tendency to freak out even when it's been told something 100 times. so there is a chance for market volume activity. the other big subtext.
rates, the dollar gets even stronger. a great time to plan a trip to europe. >> definitely. i said earlier if you were planning to go to italy, your dollar will buy you much more than it has. >> my response is go to rome and eat good italian food. >> i like it. but the dollar being strong was supposed to be a real positive. it shows the u.s. is the best game in town, most stable rule of law blah, blah, blah. and yet the strong dollar is actually undercutting earnings and cutting in to earnings for the multinational. so i think it has a negative for the economy. >> and the other thing, we keep talking about creating new jobs each month. low wage jobs. nobody feels very confident about them. and i think at the end of the day, the american public doesn't feel very good about the economy. any figure shows you that. the consumer has to feel good about it and they don't. >> retail sales have been down, december january and february. they're not spending that extra money that they have by their
saving money at the gas pump. >> because they don't feel confident and when janet yellen speaks in fed speak as bettern betterrnanke called it i think makes it harder to assess what is going on. i'd like more plain english from the fed. they should say what they expect to happen. and i'm with ed, i'm worried about overestimating the strength of the economy. >> i wonder what that means for the elections coming up. do people feel enough -- positively enough about the economy to stick with the democratic party? >> is this going to be an economy-led election or is this going to be a foreign policy-led election? >> historically economy is always the key factor but i think in some particular year, it will be about leadership and the foreign policy.
the world will be a bigger mess in two years. >> federal reserve increase in interest rates will triple budget costs. in other words, our interest that we have to pay on our debt because we continue to see spending more money than we're taking in that means that rates going up will triple the cost that we have to pay on our interest. >> i'm not too worried about that right now. i don't think the fed when it starts raising interest rates will raise them very aggressively. and it's important to remember that they only raise rates in an environment where the economy is strong enough to bear it. so we ought to be producing more tax rev new in an environment where the fed is raising rates and also handing out fewer food stamps. >> that's if we actually get to sustained consistent growth numbers. some people are expecting a 1% growth number this quarter. stay with us. the one thing to watch for the week ahead.
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what is the one big thing to watch? john. >> the dollar is strong and getting stronger. the fed will change it signal on interest rate and it keeps going up. >> so fed and its impact on the dollar. >> and i'm watching the israeli elections and waiting it see whether isaac herz sok can put together a coalition and whether or not the israeli parties become the third largest. >> very important. israeli elections on tuesday. ed. >> i'm watching the white house exposed this morning biy the new york "post" that they're behind the e-mail. they don't want hillary. the state department investigating everything she did there. and it was reported this morning in the "post". >> amazing they sabotaged hillary by releasing the e-mails
and the fact that she was not using a government -- >> not abiding by the rules. >> amazing. guys thank you so much. i'm maria hello everybody. i'm lou dobbs. the iranian military has succeeded where u.s. forces could not. you're looking at video of some of the iranian-led 30,000 fighters who have driven most of the islamic state from the iraqi city of tikrit. those forces reportedly have succeeded in their battle to retake tikrit from the islamic state, capturing part of the city's northern district, making a rapid push toward the city center. with the u.s. military not involved in any way in this operation, there appears to be rising unease in the pentagon about the direction of events in iraq. in some cases, top defense officials appear more concerned