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tv   Sunday Morning Futures With Maria Bartiromo  FOX Business  October 4, 2015 6:00pm-7:01pm EDT

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take the roar out of snore. yet another innovation only at a sleep number store. >> . good morning. is putin telling the truth about the intentions to fight isis. i'm maria bartiromo. welcome to "sunday morning futures." the pentagon claiming russia is damaging the u.s. led effort in syria by attack rebel fighters. the growing tension between the white house and the kremlin. jeb bush's popularity follow faull ing falling in recent polls. more on that and the race to the white house. expectations for the labor market, jobs falling short last month.
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what will it take to get hiring back on track? leading economist on that as we look ahead this morning on "sunday morning futures." good morning. a high stakes showdown erupting between president obama and vladimir putin as russia launched its first military operations in the middle east in more than 30 years against isis they say in support of embattled syrian president bashar al assad as well. russia is stepping up air strikes this morning, which moscow says have considerably reduced the combat potential of the terror army. the problem is the white house says few if any isis targets have actually been hit. instead, they are targeting syrian opposition forces, backed by the u.s. we talk right now about that with republican congressman matt thornberry from texas. good to have you on the program. thanks for joining us. >> thanks for having me. >> i want to get to a few things
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with you. we have to talk about the potential of a veto of the defense act. but we'll get to that in a moment. let's talk russia first because we continue to hear sources telling fox news that russia is bombing anti-assad rebels and not necessarily isis targets. what can you tell us? >> well, i think that's clear just from the areas in which they are conducting their strikes. they have conducted a few token strikes in raqqa and other areas where isis is located, but most of the activity is against the anti-assad folks who many people call the moderate opposition. so clearly they're trying to strengthen assad and also reassert themselves as a major power in the middle east. it is historic. >> while they're pushing president obama around, because they're just doing whatever they want despite the u.s.' opposition to this. there was talk at the end of last week about the
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deconfliction talks, about how they can make this conflict better. what time ought of those talks? >> we don't know the details because as you mentioned a few moments ago, the only thing the administration told us in the last week is they intend to veto the bill that supports our troops. but the tone is set. remember, russia came and gave us a message that says you, the united states, better not fly your airplanes in these places at these times. so what deconfliction means is us going to the russians and asking mother may i. and so the tone is set regardless of the details. again, russia emerging as a major power, coupled with iran to exercise a tremendous amount of control in the middle east, meanwhile the united states is in retreat. it is historic, but not in a good way. >> all right. i want to ask you about the defense bill you just mentioned
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because we know that we just avoided a government shutdown. but deadlines loom. so we'll talk about that coming up. we have a lot to talk about with you this morning. but first, let's dig into this showdown between the white house and the kremlin over syria. eric shawn on that angle. >> good morning, everyone. even as vladimir putin's talking, he keeps on bombing. the russian president thumbing his nose at the world, prompting president obama to predict that putin won't win. >> we're not going to make syria into a proxy war between the united states and russia. >> he wants a partner, says the president, but that seems to be asking way too much of vladimir putin. only reset button now being pushed, in the cockpits of russian warplanes that putin has ordered to drop more bombs on the syrian rebels than we support. it took three days of attacking the opponents of dictator bashar al assad for russia to target isis, hitting a command post
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we're told, a bunker and storage depot. the critics like congressman thornberry just said, a meaningless token. in paris, a blunt meeting between putin and prince president hollande and angela merkel ended with putin silently going home after they told him to stick to attacking isis. at the united nations this past week, one day after syrian's u.n. ambassador was called a war criminal to his face by a reporter and he responded by calling her, quote, a whore, assad says they must protect their nation's sovereignty. >> i want to say that syria is strong and continues to fight terrorism and that the syrian army and the syrian people are united in the face of terrorism. >> the loss of life continues adding to the overwhelming
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humanitarian catastrophe that has so far claimed a quarter of a million live and displaced 11 million people. my son went to summer camp with a young boy who happened to come from syria. he an his family now have fled to safety. but in this world, that makes them the lucky ones. maria? >> what a story. thank you, eric shawn, with the latest. we're back with armed services committee chairman congressman matt thornberry. the $612 billion defense bill designates $89.2 billion of overseas continued fund, money for war fight as regular department of defense budget authority so the pentagon can escape those sequestration budget cuts. he says that's no way to fund our national defense situation, which is why the president is vetoing -- threatening to veto this. >> yes. just to put, again in the
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context we were talking about, all of this turmoil in syria and iraq, afghanistan, there is enormous problems, all around the world, and what does our president do? he threatens to veto the defense bill that provides exactly as much money as he asked for. and his reason is, he doesn't like the labels that some of the money is listed under. so if you are an american soldier on the ground in afghanistan, or iraq, or anywhere around the world, do you think you really care about what the label of the money is, or do you want to see that you get the support, that washington has your back? and so it is as i say nearly unbelievable to me that a president at this time with everything going on in the world, when people around the world need to see the u.s. as willing to stand up and defend ourselves, threaten to veto the very bill that pays our troops. it is just tragic. >> i'm glad you brought up
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afghanistan because we know that, you know, bombings basically impacted an afghan hospital, and they blew apart doctors without borders hospital in the battleground, killing at least 19 people according to the latest information we have. what can you tell us about this? >> well, there is going to be a full investigation to find out exactly why this happened. but a couple of things i think are important to remember. number one is there is a history of the enemies we're fighting using schools, hospitals and mosques to fight from. because they know we try to pay particular attention to those things, so they intentionally use them, not only there, but the -- in gaza, israelis face this and iraq, they intentionally use hospital, school and mosques to fight from. second secondly, the president tied our hands. we have not been engaged in the field with the afghan forces. so they called us in at the last minute, but if you don't have
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that day to day engagement, you can't effectively train and assist them in the way that you would want to. that may be partly responsible for this terrible tragedy. >> these are all issues, very important on the table for the leadership change that is taking place in the house. what can you tell us about the vote happening this thursday? who is the best person to succeed john boehner? >> kevin mccarthy is clearly the best person. he has a unique set of leadership skills that are really needed at this time. just on what we were talking about, national security, he has been working for years traveling overseas, getting to know foreign leaders. i've been on some of those travels with him. he's regularly for years been consulting outside experts like former secretary of state condoleezza rice. so he's the serious guy when it comes to national security, and, remember, when it comes to a speaker's job, you're third in line to be president.
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you got to be serious about national security and i know kevin has been for a long time. >> well, maybe that resume you just cited is the issue. a lot of people are looking at the establishment right now and saying you haven't gotten enough done. we want an outsider. we know that jason chavitz is speaking out. what do you know in terms. the votes? >> i think he's in good shape as terms of the votes. it extends beyond that. we talked about leadership in congress. we really need to work on followership because 200 people in the house are willing to stand together and work for a common objective. depending on the day, we have 20 or 40 with personal ambitions or other agendas and don't care what happens to the broader effort. that's what we got to worry about. the only beneficiaries for
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internal republican dissension in congress is president obama and the next democratic nominee, presumably hillary clinton, and other congressional democrats. we just help them by fighting among ourselves. we got enough turmoil, we need to put kevin mccarthy in the speakership and do the other elections but then stand behind them, even if we don't get exactly what we want. >> all right, congressman. we'll be watching. thank you for joining us this morning. >> you're welcome. thanks for having me. >> congressman mac thornberry. much more to come on syria this morning. what is iraq's prime minister saying now about it and what this means for americans in the middle east. follow us on twitte twitter @mariabartiromo. send us a tweet.
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strikes in central and northern syria this morning as president obama warns vladimir putin his strategy there is, quote, a recipe for disaster. how does russia's intervention in the middle east shift the u.s. strategy? christopher hail is with us now, dean of the joseph korble school of international studies in denver, and former u.s. ambassador to iraq. good to have you on the program. >> pleasure. >> nice to see you. let's talk about this latest insertion of russia into the syrian story and the middle eastern battle. how does that change the u.s. strategy? >> first of all, this is very bad news. i want to stress in the middle east, everybody can lose. i don't think this is
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necessarily going to help russia. they're going to create huge walls between themselves and the sunni arab states for years to come. but at the same time, i think it marginalizes or appears to marginalize the u.s., we have no friends in the ground and we have no sort of diplomatic strategy going forward. i think it leaves the united states in a weakened position and i think we'll have to regroup. there were two myths of the last few years. one was that saddam hussein had nuclear weapons. and the other was that bashar al assad, the president of syria, was going to leave in a couple of weeks. that was back in 2011 and he's still there. i think the u.s. needs to really think through what it is we want to see going forward. otherwise we create a situation where russia, i think, is becoming a dominant force in the middle east, potentially with a long-standing interest finally realized of gaining access to warm water ports in the mediterranean. >> haven't we already shown our cards? president obama said, well,
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assad passed this red line that we're drawing and then we did nothing about it. so, you know, president obama has been very clear about who assad is, what he does to his people. and here comes vladimir putin saying, no, no, no, assad is on our side. >> there is another aspect to the red line issue, when we didn't observe the red line, who came in and solved the problem. it was russia again. so i think russia is looking diplomatically much stronger. in the long run, i think they have a real problem. in the long run, i think putin is playing a losing game, but we don't live in the long run. we live here now. and i think we have a real issue in trying to gain the upper hand again diplomatically. and we have no one to talk to right now. >> when i speak with leaders of other countries, they're upset with the u.s., not only because of the red line, but also because we did not support egypt when egypt most recently was going through a major leadership change and upset. iraq's prime minister says this past week he wants the russian
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air strikes against isis in his country. how does that fit into all of this? >> that looks pretty bad. we have spent a lot of time in iraq. we have spent a lot of time, we have spent a lot of blood, a lot of treasure. and we have a situation now where the iraq leadership is essentially sort of welcoming russia's role. and by no means is russia's role going to be helpful in the broader region. russia's role is going to forestall some kind of solution with the sunnis, because you have to remember, syria is 60% sunni. they no longer accept the pr president of the tribe running syria. clearly another approach has to be taken. it appears to be even more difficult for the u.s. to work something out with great powers including russia and to have some friends on the ground because we don't seem to have any. every single friend on the ground, even egypt, we have problems with. >> absolutely. so you say a new approach is to be looked at. but are we going to do that? the reality is, we talk ed about
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the president, you know, threatening to veto this most recent defense bill. are we really going to see a different approach or is this -- will we just need a new leader in chief in the white house? >> we are going to have a new leader in chief in the white house in a little more than a year. but i don't think we can wait for a year to have an approach here. 20 years ago, we resolved the issue in bosnia. that was a tough issue in bosnia. we got together with a number of countries, came out with something called a contact group plan, we said bosnia should exist within its international borders, have this kind of government that kind of judiciary, bosnia should have a new constitution and went forward with that and people who rejected it we call rejectionists and people who supported it we call moderatists. do we give them a questionnaire? how does it work? i think we have a serious problem in the fact that we have
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not come out with some kind of plan going forward. and don't seem to have anything much beyond complaining about that the russians do and complaining about what everybody does. >> that vacuum has created an opportunity for putin to be the leader of the world. >> yes. it has put him in a stronger i want to emphasize, it is a short-term position. i don't necessarily want to be looking at his inbox. he has a lot of problems. the fact is for now, he's mother na marginalized us. when the united states announced we were pivoting over to east asia and spending more attention there, nothing wrong with that, except that the unintended consequence was the people in the middle east thought we were abandoning them and now they're seeing this activity and this looks like they were right. >> serious consequences. good to have you on the show today. thank you for joining us. a tough september jobs report at the end of the last week, coming two weeks after the federal reserve decided our economy was too fragile to risk
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big week ahead for business. third quarter earnings reports giving us a window into the corporate sector a few days after another disappointing jobs report was released on friday. employers added 142,000 jobs in the month of september. the august data was revised downward. and the participation rate, those people participating in finding a job, also worse, now 38 year low. this just as a few days after the government managed to avoid a shutdown. joining us once again with more on what is holding back this economy is maya mcginnis, the
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president of the committee for a responsible federal budget and a friend of this program. good to see you. >> nice to be with you. >> thank you for joining us. give us your assessment of where we are on the economy. i want to get your take on this proposed veto of the defense authorization act for sure. but we're coming off all this economic data and it is just okay. not great. >> i would not want to be a fed governor now because we're dealing with a whole lot of mixed messages from the economy where it is growing, things are moving along, but nowhere close to where anybody would want them to be. and obviously so much of the focus now is what will the fed do in response to that. and they're in a very, very difficult position. because on one hand, they have been signaling it is time to start moving rates, probably not in october, but looks like it was going to be in december. this slower economic news makes that less likely. but they have real challenges, which is one we have to get rates back up at some point. can't stay this low.
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it possibly is sending a lot of the complications through the global economy to have rates this low because people are always wondering when the fed is going to rise and say, no, they have to. and the second piece of this is we have no firepower in terms of fiscal policy or monetary policy when the next economic recession downturns and comes along. we want to get to a place we have more tools in the toolbox. the fed knows it needs to make changes. the economic indications are slowing those changes down and it is very tricky right now. >> it is interesting because we're talking about fiscal policy versus monetary policy. the federal reserve has been really the only game in town in terms of stimulus. i speak with managers and ceos of businesses they blame the regulatory environment for their inability or unwillingness to hire more workers. when you look at the latest numbers, you saw that the workweek dropped last week, so employers said to employees, look, we're going to cut your hours down. is this obama care largely, you
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know, holding back this economy? what do you think is the reason that we are so far below where we should be at this point in the recovery? >> what stimulus can you have in the short-term that comes from fiscal stimulus, monetary stimulus. that's that we use in the early years right after the huge economic crisis. but beyond that, what you really need are the things that are going to help grow the economy. that's a topic we'll talk about in the coming presidential election, how to grow the economy, and i think there are a couple of key pieces to that. one, i think tax reform. clearing up our tax code, making it -- us more competitive, simplifying, bringing rates down, broadening the tax base, there is a lot of discussion about that. i think it is critically important. i would put a side note which is important to have tax reform that doesn't lose trillions of dollars, which a lot of the tax reform proposals are. because that would lead into the second challenge, which is we do have to get control of our debt. our debt is at record levels.
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i do not believe the economy will be able to grow when the debt is twice what it has been historically. that's really throwing sand in the gears of the economy. what you brought up, we have a whole lot of regulatory pieces of the economy which if we were smarter about how to regulate, if we went through, got rid of a lot of outdated regulation, reformed those, thought from the cost benefit analysis, what is worth doing and what's not, i think we could promote growth and i think the big picture is there is a growth strategy out there to be had to bring politics into it. i think those on the left and the right both have perspectives that we should try to be joining together, not make this a fight. and come up with an american approach to growing the economy, our political system is so jammed up now, we're basically taking no steps to move that forward. >> unfortunately, we have got to fight again because both sides are trying to stop the sequestration cuts. lay it out for us the next couple of months. we avoided a government shutdown last week. the president is threatening a
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veto of this defense bill. what are the next couple of months looking like? >> it is going to be terrible here in washington. i have to say, the way that we govern now is exactly the opposite of what it should be. congress basically governed from one crisis to the next. sometimes getting policies in place at the last minute, almost always not the ideal policy. here is what we're facing. we have to fund a government for the coming fiscal year, which started october 1st. they put in place a temporary measure. we're going to have to deal with that in december. we have to decide whether to get the discretionary cuts that make up a sequestration moved and replaced with smarter cuts. we would do that, get rid of some of the across the board sequester and replace it with savings from the real problems in our budget, the mandatory or entitlement programs, but that's another heavy political lift. we have to deal with the highway trust fund, which needs to be reauthorized and figure out how to fund that. we have to deal with the tax
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extenders, tax breaks that are in there, mainly business tax breaks, which have already expired. so we have companies that are trying to do their business, grow the economy, create jobs, with expired tax cuts, not knowing which one will be put back in place or not. but all told, if congress does this in an irresponsible way, they could end up adding hundreds of billions of dollars to the debt when they deal with all of these must pass pieces of legislation at the last moment. so really what we need is for them to be working on these issues well in advance of these final deadlines. the one i didn't bring up, perhaps the most important, we have a debt creating. we have a debt ceiling we have to increase. it is a reminder our debt is too high, but there should be no discussion whatsoever of defaulting. i would like to see congress getting ahead of the issues and coming together with proposals to deal with them in responsible ways instead of waiting for the last minute showdowns. >> no wonder the priority has not been growth when you have all of these neither fires to put out. great to have you on the show as
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always. sounds like we'll be talking a lot the next couple of months. >> thank you. >> maya mcginnis. a new chapter in the gop race for the white house with jeb bush and marco rubio trading blows. a new poll sheds light on the current state. if you're an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin, your doctor may be talking about adding medication to help lower your a1c. ask your doctor if adding once-a-week tanzeum is right for you. once-a-week tanzeum is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes, along with diet and exercise. once-a-week tanzeum works by helping your body release its own natural insulin when it's needed. tanzeum is not recommended
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from america's news headquarters, i'm eric shawn. there is more rain and flooding in the southeast as hurricane joaquin churns in the atlantic, pushing 35-mile-per-hour gusts toward the carolinas and virginia. five people are died in what we're told are weather related car accidents or flooding. president obama declaring a state of emergency in south carolina the storms hitting strong despite the fact that joaquin will not make landfall on the east coast n. planes and choppers scoured 30,000 square miles of ocean off the bahamas trying to find the ship. the only sign has been a life ring. families holding out hope for the crew members on board including 28 americans. i'll be back at noon eastern with more news.
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and the doctors will be in. join us for sunday house call at 12:30 eastern. for now, i'm eric shawn. back to "sunday morning futures" and maria. thank you, eric. presidential politics on. jeb bush and marco rubio are talking -- trading shots at one another as donald trump holds on to the front-runner status. according to the late poll, just into the newsroom, trump is leading the field at 25%. dr. ben carson taking second place at 16%. carly fiorina and marco rubio tied at 8%. look at this. jeb bush tumbling to sixth place with just 4% according to this poll when it comes to new ideas versus experience, the pew poll says 57% of republican voters prefer experience while 36% prefer new ideas. want to bring in our panel, ed
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rollins, white house adviser to president reagan, fox news political analyst, hank shankoff, former member of the colon clinto clinton/gore campaign. thank you for joining us today. jeb coming down in the polls. how serious is it? >> it is very serious. the money figure is the big issue. he had all the money to start with, perceived as the front-runner, an invisible campaign and every time he does anything, it is not particularly productive. the two debates, like he wasn't there. he's got a lot of money, but the critical thing, he hasn't announced how much he'll raise in the quarter. no one on our side said here is how much money they raised. and sanders on the other side raised 26, 27 million. >> unbelievable how well sanders is doing. >> both parties have a serious
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problem here. we have populism on the right, populism on the left, and the normal structure of the party is challenged. senator will this last? >> what do you think? >> i think it does last. people are tired of washington, wall street and state capital. they are disgusted. they figured out the joke. can't fool these people anymore, real americans in the heartland. they're tired of it. >> the only issue i would take, just to finish this point, people aren't happy. but they're not going to vote for the two guys. >> that's true . >> you'll end up with someone more electable on both sides, hillary on the -- >> bernie sanders got his money from small contributors. >> i don't know how bernie sanders' policies resonate with him telling you, 92% of your salary will go to the government .you cgovernmen government. you can live on 8% of your salary. >> this is the most amazing
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story that hasn't been told. do people understand he's a devout socialist running for the democratic nomination and promising $18 trillion in new spending already which is going to raise taxes to unbelievable levels. a lot of focus on donald trump, very little on that. >> it is interesting both of you agree that these two guys are not going to get elected in the end. >> but their support won't go away. both parties, after primary fights, they come together. i don't think they'll come together. i think the trump people will stay out there, be unhappy. >> couldn't agree with that more. what is extraordinary here, and needs to be paid attention to is that hillary clinton gets elected, she's the nominee based upon what the republicans do or don't do and this mess that everybody is involved in has yet to be sorted out. >> then there is this. "saturday night live" taking a jab at the gop field last night, specifically the single digit candidates in last night's
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season premiere. watch this. >> now there is -- introducing abilify for people who think they can be president. it destroys the damaged part of the brain that says, i'm going to be president, leading to an almost immediate return to reality. it is the only dementia medication prescribed for 11 specific people. >> well, that was from people who think they can be president and another clip, hillary making fun of donald trump. what is your take on last night's "snl". >> i thought it was funny. a good move for her. much more important to be part of pop culture and look warm and funny. i wouldn't introduce miley cyrus, presidents don't introduce singer on stage. that's not the case. but making fun of herself, getting into an intimate conversation was very, very good. >> normally you have potential presidential candidate, they may say, live from new york, it is saturday night, they play themselves.
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here she played a bartender and introduced the musical guest. >> old politics are gone. if you're trying to reach out to those young voters and go any, way, shape or form to get to them. everything we learned is totally irrelevant at this time. >> i think one of the things that shows up there is not so much clinton, but all those marginal candidates, they're going to winnow out and the republican field will be manageable, people will start looking at who is in there and i think the dynamics on the republican side change at that point. >> when? what is that point? by year end or -- >> certainly. the next month. they're not going to be on the stage for debates and it is going to change a lot of the dynamics. with trump, he looks more and more like ron paul. he's got his core followers. aren't going to go away. this isn't a bubble that then goes out. he hit his upper bound. the question is, does he hand his supporters over to another candidate or stick it out to the end and cause trouble, state by state by state. >> i bet he backs somebody.
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>> the danger in the guy sitting there and waiting is ted cruz and ted cruz is a credible candidate, not particularly liked in the senate by his colleagues, but liked by the tea party element and very articulate guy and he could move into the iowa win and become one of the two or three finalists here. >> that's great. howie, top of the hour, good morning to you. >> got an interview with rand paul who goes after the pundits who are prematurely writing off his presidential campaign. he has strong things to say about donald trump. we'll look at coverage of the campaign and particularly jeb bush, whipping the media for his view of distorting his comment after the horrible shooting on the oregon campus where he said stuff happens. >> see you in 20 minutes on media buzz. the leader of the only real democracy in the middle east and one of america's closest allies blasting the nuclear deal with iran. but benjamin netanyahu's comments, we're looking ahead.
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welcome back. benjamin netanyahu taking to the podium at the united nations, sounding the alarm about the danger that iran poses to his country's existence and stared down some world leaders who stayed silent in the face of iran's threats against the jewish state. want to bring back our panel. your take on -- >> two strong men that exposed -- performed, one being bhutan flutt putin flew in to give his speech. and i think the last speaker, b
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bench h bb gave a good speech, shaking your finger, you're making a big mistake, not supporting us, including the united states and thank you very much, we're going to go ahead by ourselves. >> how does this play out? >> chinese, they'll get the oil, they'll -- the russians will mack make a deal to cut up the middle east. the russians will be dominant in whatever syria looks like in the future. they'll extend back to egypt where they have always been players. israel will do what it is supposed to do. the big loser is the united states of america. >> tell us why. >> american power, american dominance and the throat natur nato. what happens if a fighter jet, now in the region, and france air force jet get into trouble with the russians across the line and get shot down what is the united states going to do? what is the united states going to do? what is it going to look like and what does it mean for europe? the russians will feel comfortable in inserting their
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influence into europe. >> this is already showing the u.s. on the losing end of this because putin is looking like he's the leader of the world. >> what netanyahu said is you must remain vigilant. tried to take a positive spin on this. i think he'll have to come back and remind people how bad this deal is. there is no good news in it. it is a reflection of the vacuum now well recognized. the u.s. -- >> the tragedy here is that this president told everybody what he was going to do. he said he was going to redirect american foreign policy, said he would -- that's what the health care plan essentially does. he's done the things he said he would do. by his measure, he's a successful president. >> he's done exactly what he said he would do. >> with this defense bill that has come up, right, everyone agrees that the defense department is underfunded. he asked for more money. and he says, well, you're doing it the wrong way. the right way to do it is raise
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the defense spending in regular order but says, no, i'm not going to do that unless you give me a bunch of nondefense spending. he's holding the defense department hostage for his domestic agenda and jetsoned the foreign policy, same story. >> that doesn't play out to the populous. again, the republicans are holding the bag for the fact that the government almost shut down again last week because of this. >> even you made the point that obama is doing everything he said -- no one pays attention. he was a big personality in the campaign and had flawed campaigns against him and at the end of the day, he won on his personality and would be a -- bipartisan, bring everybody together. he's done exactly not that and at the end of the day, his agenda is being implemented and that's why you have to look out for bernie sanders. what they say is what they try and do and it is very dangerous. >> hillary is making is very clear what she wants to do. she wants to on the economic story raise double capital gains taxes.
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no one should think that when she says she'll do something, she's not actually going to do it. just like president obama. >> the problem that americans, because we're such extraordinary people and believe so strongly in this system, we forget, when someone tells you they're going to do something, they mean it and they do it. that's what public life is about. >> so this defense bill and the highway spending bill as well. how does this play out the next couple of weeks. >> he'll veto the defense authorization. i consider it a stunning moment. there is no strategy for funding the government past december 11th. there is the leadership problems in the house. so in normal circumstances, white house leadership provides a way for congress to get things done and especially in issues of national security. that's not happening now.
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>> we're going to talk about the economy, why aren't we at the point we should be in this recovery. recovery. the panel weighs in next. you wouldn't order szechuan without checking the spice level. it really opens the passages. waiter. water. so why would you invest without checking brokercheck? check your broker with brokercheck.
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no. portfolio. and if doesn't perform well for two consecutive gold. quarters. quarters...yup. then amerivest gives me back their advisory... stocks. fees. fees. fees for those quarters. yeah. so, i'm confident i'm in good hands. for all the confidence you need. td ameritrade. you got this. welcome back. where are the jobs? the september jobs report underwhelming. given these weak numbers, it's more different to imagine the federal reserve raising interest rates when it meets in october. janet yellen says they want to raise rates by the end of the year. our panel is here with me this morning. why are we seeing such a hard situation when it comes to job creation? what is holding back business? >> name it. there's been a regulatory explosion in the past seven years. we've had this conversation
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before. it's about a hundred million in new regulatory costs coming from everywhere. there's a weapon of assault on franchises, business models, the epa an extremely aggressive program, so businesses and the affordable care act, poster child for -- businesses take a look at this. they have no particular room to add workers. they don't look at the future with a lot of confidence, and what they're waiting for is some clear signal that you're going to have a different set of policies that provide them the room to grow higher and grow. >> they'll just sit on cash, not do anything yet. in fact businesses have cut hours, the workweek actually was lower this last month, hank. >> lower because people don't want to pay the mandates that are required. what is really extraordinary, you regulate and you regulate in a way that big business can afford to tolerate, but small businesses can't afford enough
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it. >> that is the area of this economy you hope to see the most job creation, small business. >> they always talk about the unemployment figure. this 92-plus million people out there not working in this country. that's almost a record number, at least a record number the last 15, 20 years, and there's nothing out there for them. people have basically decides there's no jobs out there. i'm going to do whatever i can. >> they basically say look, i give up looking for a job. doug? >> we shouldn't be surprised. last year versus this years we have a zero productivity if economy. it's not new. looks like some folks have had it with their airline credit card miles. sometimes those seats cost a ridiculous number of miles... or there's a fee to use them. i know. it's so frustrating. they'd be a lot happier with the capital one venture card. and you would, too! why? it's so easy with venture. you earn unlimited double miles on every purchase, every day.
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that's it for "sunday morning futures." thanks to our panel. the big event this week, the house leadership vote. you don't think kevin mccarthy has the votes. >> not today. tomorrow morning from 6:00 to 9:00 on the fox business network. join us.
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here's how to find fbn. a big list this week like ben bernanke on tuesday. join good evening, everybody. i'm lou dobs. russian president putin made it absolutely clear that unlike some world leaders, he does more than talk. less than two days after sitting down at the united nations for face to face talks, he ordered the launch of airstrikes in syria. those strikes are not against the islamic state, but on syrian rebels including the u.s. backed syrian army that want bashar al assad

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