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tv   Sunday Morning Futures With Maria Bartiromo  FOX Business  July 12, 2015 6:00pm-7:01pm EDT

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t to that but i hardly think this is a good deal for the united states of america. iran gets billions of dollars and the ability to develop its nuclear program. why would we strike such a deal? i don't think the fundamentals have changed. iran is still one of the green sponsors of terrorism. they are causing havoc throughout the world both in yemen, with israel for saudi arabia. they've been threatening to the united states of america. why would we do this? it makes no sense to me. >> at this point miranda kerrkerrpoint, john kerry said i threatened to walk away because of some sticking points. one fact is the iranians want the sanctions lifted before the ink is dry and don't want u.n. inspectors coming in to their country and checking what their nuclear capabilities in fact are. are those two issues still main sticking points? >> absolutely. you have to have full total and complete ability to verify.
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it's what president reagan said. trust but verify. i don't trust the iranians. if you don't have full and complete unfettered access to those facilities 24/7 then this is not a deal we should be making because iran with a nuclear bomb is one of the greatest threats to the world's safety and security. this is not in the best interest of the united states of america, it is not in the best interest of the world security. so if you can't get to that why would we give them make them flush with money if literally tens of billions of dollars. >> by lifting those sanctions. i want to get your take on why the iran low pressure is calling the u.s. arrogant. stay with us on that. lots to talk with you about. first does secretary kerry optimism mean there's an actual to end sight to talks in vienna. fox news senior correspondenter er correspondent eric shawn. >> as we've been reporting a
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likely deal is in place today and announced tomorrow. after two years and three blown deadlines secretary of state john kerry has this weekend sounded optimistic. >> we still have a couple of very difficult issues and we'll be sitting down to discuss those in the very near term. this evening and tomorrow. but i think we have resolved some of the things that were outstanding and we made some progress. >> it's bean familiar refrain but now there are indications an agreement is forthcoming despite some remaining differences. one key sticking points is iran's defiance in blocking united nations weapons inspectors from its military sites where it's suspected nuclear research has been conducted. reports say that could be bypassed in what's called managed access. tehran demanding lifting united nations security council embargo
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on arms and growing ballistic program something the west has resisted. others point out that for now the interim agreement keeps sanctions in place and iran's nuclear program in check. whatever comes out of vienna faces the approve of the supreme leader who continues to attack the u.s. in his speeches as arrogant. and sp speaker of iran's parliament says tehran's strategy has been quote with standing the enemy. by that he means us. as investors business daily blunt notes the foremost terror state has succeeded in outmaneuvering exhausting and intimidating its negotiating opponents in to division with or without the bad deal teared tehran has won. these talks are out of control and there was no telling how bad an agreement could end up. if an agreement is announced tomorrow it still faces two months of review by congress and it seems clear whatever is agreed upon could still face an
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uncertain reception both back in tehran and on capitol hill. maria. >> thanks very much. back with congressman jason chaffetz right now. let me ask you about this period here. if an accord is not reached by ten of thursday then they've got to invoke the 60 day congressional review period during which the president cannot waive those sanctions on iran. if they meet the target. that review would be 30 days. tell me what that 30 day review by congress looks like? >> well i don't think there's an appetite in the congress neither in the house nor in the senate to actually bend over backwards to give anything to iran. we have them in a difficult place to loosen up sanction give them literally tens of billions of dollars. i don't see until pertive to do that. they are a threat iran to the world's safety. it's a very tough gauntlet to run having to go through congress. >> what are the implications of no deal? let's say at the end of the day
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a deal does not happen tomorrow which of course the headlines keep saying we're that close, that it could be tomorrow. i have a hard time believing it. what are the implications of no deal and what's until applications then of a deal. >> no deal seems to be the better path for the united states of america because we do have some tight sanctions on them. we can continue to keep them in a box and try to keep them away from nuclear capability. but if they were to get a deal i wore it's a pathway for them to develop their nuclear program. that's exactly what the iranians have always wanted. they wanted time to develop this nuclear bomb. you have to be totally and completely naive to think that iran doesn't ultimately want a nuclear bomb. >> so what do you do? just not even consider this country as ever doing business once again with world powers? >> no of course we do business but you tighten the sanctions. you make it more difficult. you don't -- we're in a greet
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negotiating position. we hold a lot of these cards. but to bend over backwards and then give them tens of billions of dollars and not to be able to fully, completely and totally look at their nuclear program 24/7 why would you do that? they have threatened the world, we got to believe them. >> not to mention not the new oil that would come on the market. so many implications if in fact we were to see a deal. congressman good to have you on the show today. thanks for weighing in. congressman jason chaffetz. presidential candidate rick perry spoke to me earlier about the iran nuclear talks. here's what he said. >> they are exporting terrorism and until we know with clearing definition that that's not going to occur i think we're wasting our time. this is an issue that the president just want as deal. he doesn't care whether it's a bad deal or not. we're seeing time after time pushing back deadlines. again, russia wants them to buy their weaponry.
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that's what's at the center of this conversation right now. >> more with my conversation with governor perry on the iran talks coming. then the former texas governor also sounding off on immigration reform. he of course ran the state with ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet?
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former texas governor rick perry now more than a month into his presidential campaign bringing the issue of border security to the forefront. he says he's the best candidate to protect our border. governor perry joins us now to discuss it. governor good to have you on the program. thanks so much for joining us. >> honor to be with you. >> let's talk first about immigration and your plans in terms of securing the border. >> we've been dealing with this for 14 years as the governor of texas. that's 1,200 mile border over the course of the last four five years. we put upwards of a billion
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dollars of texas taxpayer money. it's not a state responsibility it's a federal responsibility and this administration totally absolutely not doing their duty. last summer we reacted to the president clearly not going to be able to assist us in this state and the country for that matter and we deployed our national guard we also had our texas ranger recon teams literally in the river in their boats. having personnel, having stragic fencing and one thing that's missing is the aviation assets we need to put in the air looking down from the air that 1800 plus mile border, and identify when suspicious or clearly illegal activities are going on with quick response teams at that particular points in time when you intervene in that way, you can secure the border. we can do thain relatively short period of time and i would suggest to you substantially
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cheaper than building a wall. >> why haven't we done it already then if it's that simple? >> well this is the lack of will out of washington, d.c. maria. this is what we've been standing on a mountain top screaming for five years this is a federal responsibility and when we have seen time after time them fail or even worse case spend all of this money say we put more people more money on the border that's true they just have them in the wrong place. they got them back 40 50 miles in an apprehension position rather than on the border in a prevention position. that's the lack of understanding what this country needs is just shocking to me. we know how to secure that border. we just don't have the will in washington, d.c. to do it. >> governor obviously the comments on immigration and mexicans from donald trump continues toreverberate continue to have massive
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implications. do you see donald trump's comments a taint on the republican party. is he taking down the entire party? >> well i see the democrats making that as an issue and them trying to paint everybody with a very broad brush, you know. i think we won't paint all democrats as being untrustworthy, if that's going to be the tactic here as hillary clinton is trying to paint all republicans with mr. trump's response. we need to bring this country together and this president for six and a half years has divided us by gender by economics, by race. and these highly disrespectful terms that get used we need to reel those back. we're better than that. >> you gave a speech last week at the national press club and i want to ask you about it. you said there are ways that the gop can earn and deserve the support of black americans. what did you mean by that? >> well i think admitting where we've been wrong in the past is
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a great first step and i did that in that speech. but i also talked about the results of economic policies tax policy regulatory policies education policies that really matter. when you see that african-americans in texas have substantially better position in life economically educationally because of the policies we put in place then that's hard to argue against. the left is going to try to you know glance off of this and try to deflect and try to get you to look behind or not look behind the cure detain but the point is there are real results in the state of texas, there's real results where you give economic freedom, where you give educational opportunities and african-americans and hispanics in particular should really look at the republican party for the future of their best interest. >> let me get your thoughts on the u.s. economy because once again we see two steps forward one step back, the jobs numbers last week were just okay.
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wages really haven't moved. what's your plan in terms of creating jobs governor? >> i think people are really concerned about what they see from a tax side from a regulatory side. we're just few good policies away from the best days this country ever had. i think it's attached to our energy policy north american energy policy canada united states mexico developing those energy resources. couple that with driving down the corporate tax rate. we got the highest corporate tax rate in the western world. you lower that 10% and every accountant will tell you you will raise wages by 5% to 10%. the blue collar worker should say perry we'll vote for you because you'll raise our wages. couple those two together drive down the cost of electricity, give incentives to those individuals on the manufacturing side to come back into this country we can have the most extraordinary renaissance in manufacturing in this country than we've ever seen. >> governor thanks so much for joining us. we'll see you soon.
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coming up next greece making a last ditch effort to reach a bail out deal. we have breaking headlines right now. the president of the committee for a responsible federal budget will join me next o
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get excited for the 1989 world tour with exclusive behind the scenes footage all of taylor swift's music videos interviews, and more. xfinity is the destination for all things taylor swift. . welcome back. greece fighting for its economic future in brussels this morning where discussions are resuming after hours of talks yesterday ended without any breakthroughs. greece is trying to convince eurozone creditors it will follow through on its promise to make major economic reforms in exchange for a new three year bail out. greece's creditors want proof that they will implement touch
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austerity packages before giving them any money. banks may not have enough cash to see the country through the week ahead. maya macguineas is with us. maya wonderful to have you on the program. welcome back. angela merkel making comments. she says the most important currency has been lost in these talks and that is trust and reliability. clearly we are at the same place that we were a week ago, greece pushes back creditors want more. how do you think this plays out? >> i think it's true trust has been lost and it's the result of really botched negotiation on many sides. it's a terrible process in negotiating where as a result the europeans don't even know the greek will be able to deliver on whatever parts of an agreement they come to. clearly all sides are losing as a result of this because as time goes on the greek situation has gotten worse. the measures that will have to be taken to get their economy
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back on track both fiscal and economic have become more difficult. everybody will come out of any deal they come out with assuming they have a deal having to give up more than they would have if they did this before. so it is unfortunately a sad story of a really terrible negotiation where sides no longer trust each other and the people of greece are at odds in some ways with their own government based on the referendum that happened. >> i guess what i really want to see is what is the impact on the u.s.? this story, maya is moving so fast the headlines crossing every few minutes with new developments out of brussels. the fox business network is actually going to be changing its coverage. they will be going live bringing our audience the latest developments because it will be so impactful to markets tomorrow. so on fox business network we'll get the very latest. what's your take in terms of the impact on the u.s. maya? >> well the markets, we have crazy things going on markets all around the world from greece
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to china and there's no denying that what happens across the oceans has huge effects on our economy. there are also lessons to be learned. part of the tragedy in greece gone from an economic tragedy to a humanitarian tragedy is looking at when you wait too long to impleament reforms that need to be made both fiscal and economic to promote growth. when you wait too long to do that your choices become fewer and fewer. the greek people are left they have to make changes to their tax system and pension system and they are going to at a time where people are already suffering and that's at odds what's needed to grow the economy. one of the lessons, of course here where we're struggling with a debt challenge that in no way rivals what you see in greece but is on a similar path in term of its unsustainable is make changes while you can. make changes while the economy is doing well and can tolerate some of those reforms you need
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to make so you're not forced toby markets or creditors when things are difficult. i think for many countries that are facing debt problems of their own again not close to where greece is but on bad paths, this is the lesson of what you don't want to have happening because there's so much more unnecessary suffering when you make those reforms. >> just to be clear greece owes $355 billion. that they would love is debt forgiveness they don't have to pay the bills. the eurozone creditors can't do that because that sends a message to italy, to portugal and everybody out. if they extend the maturities 20 to 30 years it can become manageable. last week a wild week in china. the government stepped in. said that trading in half of the stock market in shanghai would be shut down trying to intervene so the markets stopped plummeting there even though it's still up over the last year and a half. what's going on in china and
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what's the impact to u.s. markets as well? >> right. again this is a huge market the chinese market is a tremendously large stock market and would have effects around the world. that said it's not as directly related to their underlying economy as it would be in some cases. the markets had a huge run up. the plummet has been scary. and yet they are still up from where they have been in the past. i think what sort of is troubling is watching the major interventions that came along from the chinese government trying to prop up the market which has been clumsy at best. to go back to greece what you see is the challenges -- with greece you see the challenges of building a whole european union. in china the challenges is moving to a more market based economy and there are ugly bumps along the road and because our markets are intertwined they do have large effects on the u.s. economy. i think what we'll see is there's no stability coming out of europe or asia right now and at a time when the u.s. is struggling one, that puts more
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pressure on us. it will have negative economic effects on this country but it also means we'll continue to look like the strongest economy that can really be the engine of global growth. but, again, i think the big lesson in china is intervening to prop up a stock market is not the right way to go. at the moment it's very scary what can happen to the new chinese savers getting into the markets. you might be creating another bubble. you have to make sure your markets are at more sustainable levels and not have the government jump in whenever the road gets rocky. >> let me move on. hillary clinton will make her first major economic speech of her campaign tomorrow morning. we're told secretary clinton will focus on wage stagnation saying that it's her top goal to raise median incomes for average americans, raise their salaries. we know wages haven't moved in seven years. will she be able to walk this balance of saying we need to get
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wages up even at a time that she was in an administration obama's administration where wages actually went down or stayed flat. >> well i think this is a very important priority. there are two major priorities we'll hear from the presidential candidates on the economy and one is to grow the economy, and two is to have that growth be shared in a way wages start to grow for the middle class where they have been so stagnant. this is indeed the right priorities. i think we'll see differences between the candidates of how they balance those two, and certainly on the specifics of how they get there. the tough piece of this and i hope everybody will listen to the presidential candidates closely it's hard to know what policies promote growth and promote wage increases. i think we'll need to look at a host of things from growing the competitiveness in this country which will take regulatory and tax reforms, looking at the public investments and which ones has the highest returns. we have deficits in investment
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from infrastructure education, basic r and d. looking at worker retraining to help our orchestrate force become more competitive is a piece of this. wages won't go up unless our workers are more productive. i think they can be. we need to look -- she's talked about this -- to go away from the short termism and capitalism to longer. deal with our debt problems and we need a comprehensive economic plan. i look forward to hearing the specifics. >> she will talk about make being sure corporations think long term and there's some speculation she's going to once again go all the way to the far left and talk about wall street being bad and regulations needing to go higher. when you look at higher regulations, and the idea that growth is most important, can the two exist together? higher regulations and actual growth? >> well sure. there are smart regulations and then a lot of really not smart counter productive regulations. it will depend on which regulations we're talking about. but i think freeing up corporations and there's a
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variety of things we have to look at to do that to look more at the long term have investors more in line with that and build a structure where investing in your workers can increase their productivity and increase the bottom line is key for that. we've seen some companies from aetna to gravity payment start to look at different ways to increase the wages of their workers. the key is to show that wage increase funnels back into the bottom line of the company because it needs be good for growth and wages. i don't think more regulation will be the key as much as changing and aligning a lot of our interest from the investors, workers and managers. >> we'll see if hillary fouchs on all of that tomorrow. great to have you on the show. maya macguineas joining us. securing our borders fast becoming a hot button issue for the upcoming presidential election. you heard one gop candidate's plan. now hear from the outspoken donald trump as we look ahead on "sunday morning futures."
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has been doing great damage to the party. he's stealing headlines. quite easy now. everybody wants to hear some big news. and he has very strong statements. it's populistic not based on any calculation, he doesn't care. this boldness wins support in an early stage. he'll disappear. not a matter of him staying in the race for a hong time it's a
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matter how much damage his presence for these few months will cause gop at a later stage. >> another thing he said the u.s. has driven russia and china together. he told the crowd. >> i agree with him on one point that putin doesn't respect obama. but iranians and whoever, chinese, i don't think anybody in the world respects obama today. but the solution is not to become pals with vladimir putin as trump suggested. his dream is become another of putin's oligarch. >> he has a lot in putin. they like to get their way. look he attracts a lot of crowds like the real housewives of new york attract crowds. he's not there because he's running for president he's running because he's a brand. he decided this will help the trump brand. eem take his valuation from x to
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x times two. >> you think it's about the trump brand. >> he has no intention of staying in this presidential race. he'll milk it for all it's worth. >> it hasn't. look what's happened to his relationships with macy and nbc and univision. this would strike me as a pretty bad business strategy. >> much in the casinos and atlantic city very bad business decision that he made but never the less he still made them. >> governor perry's interview? >> i was impressed by his opening speech. he has a lot of ideas. he's talking about the future. he made some excellent points not only about border control but like what he said about tesla and car dealers in texas. it's very important for gop to stand for free market and to go against trade unions car dealers anybody who is trying to restrict trade. extremely positive. he has the vision and i hope that the debates between the
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candidates will be sort of whole within this parameters. >> is he a front runner. >> i think he is. i don't know if emake it in the top ten. certainly as the xkpmpb exgovernor of a major state. his willingness to take on donald trump, call his remarks offensive and not reflective of the republican brand, i think that's very brave. >> it's interesting because governors of texas have a very unique perspective on immigration. you never hear that kind of jinglism from them. you never heard it from george bush and you don't hear it from perry. they have the experience ever dealing with the border and a huge latino commune in their own state. you can't demagogue the issue when you've been living it for all these years as governor perry has. >> it's important for gop to turn negatives to positive. it's not about illegal immigrants. i'm a legal immigrant. i know how difficult it is to
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get a green card even for a former world chess champion. i have friends in silicon valley who kept losing talent because these chinese or asian students couldn't get work visas after graduation. so yes, we have to think about those who are in desperation, trying to pick apples in this country but we must pay attention to those who can create a new apple. >> such a great point. we have to talk about hillary. big economic speech tomorrow. let's look what's coming up at the top of the hour. >> speaking of trump, we'll look at how the donald is dominating the media coverage even as some pun departments dismiss him as a blow hard. hillary's new media strategy giving that first interview to cnn. bill cosby's fall from grace. he's undermine by his own words. why the accusers didn't believe
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her and what she thinks should happen to cosby now. >> we'll thereabout. see you in 20 minutes. meanwhile hillary clinton expected to unveil her new economic plan on monday morning. speaking of mining there's a lot of fundraising going on. we'll see who is raking in the most money as another republican gets set to enter the 2016 field. our panel sticks around. you should too as we move ahead on "sunday morning futures." back in a moment. you do all this research on the perfect car. gas mileage , horse power... torque ratios. three spreadsheets later you finally bring home the one. then smash it into a tree. your insurance company's all too happy to raise your rates. maybe you should've done a little more research on them. for drivers with accident forgiveness liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light.
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i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning. 24 hours. zero heartburn. welcome back. hillary clinton holding her first national interview last week after literally holding reporters at rope's length away from her as she took part in a parade in new hampshire. mrs. clinton has held a strong lead in democrats but being
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beaten in fundraising as jeb bush doubles his earnings in his short time since his campaign began. he raeked in $114 million. hillary clinton has $69 million. senator ted cruz with $52 million. and even senator bernie sanders surprising analysts with $15 million. you guys surprised at how much money jeb bush has been able to take in? >> not in the least. jeb bush has his brothers his father's rolodex, he's a former governor and unified the money guys here in new york. for that reason i'm not surprised whatsoever. >> a lot of people felt hillary would be a runaway with the money. >> that's what's surprising she's not raised that much relative to expectations. >> she hasn't raised as much because there's a lot of drama
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in hillary land. so as a result priority usa is not raising the money i want needs to raise and jeb bush's super p.a.c. is. it's the same drama that follows this. >> with so many candidates and such a broad feel investors looking for a safe bet. jeb bush looks like a safe bet. it's a disaster for gop. only candidate hillary clinton can beat. gop can win only if you talk about the future and jeb bush cannot be an agent of change. his family kills him. so the name the family name. so i think if bush is winning the nomination i think gop will be dragged into the debate about the past. the media, the liberal media will have the best the dream target to attack. >> interesting that you feel that way because a lot of people wonder if clinton has the same
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problem. >> i believe any candidate who can come up with a good comprehensive vision of the future from gop side will beat hillary clinton except jeb bush. >> the clinton name is very popular because bill clinton is the most popular living politician. >> gop wants to energize the base. jeb bush can't do that. second you shouldn't present an open target for an attack from the liberal media. it's again, you can't help. people will even good people that hear the message the moment they hear bush pronouncing it they stop listening. >> let's talk about hillary's campaign speech tomorrow. we're being told that she's going to say her top goal raising median wages, that she's going say look we need to make sure people's salaries go up. is she going to be able to balance that as her top goal when she was in the obama administration and didn't necessarily talk about wages being under pressure and the
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obama administration has been unable to move wages. >> first of all she was secretary of state, she couldn't talk about domestic policy. that was an unfair knock on her. she has to separate herself from obama to some extent on this issue. because income inequality has grown under this president. and bernie sanders has been making huge strides and getting a lot of attention. so what she's trying to do i think, is sir come navigate him and make sure he doesn't get threat and -- she doesn't want him to push her too far to the left but enough where she's the front-runner. he did well in iowa and new hampshire. it's a problematic for her campaign. >> amazing how well bernie sanders is doing right now. >> not really given the country's focus. the problem is hillary clinton addressing this issue is is not persuasive. we think about the dead broke
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problem. every time she talks about how she fights for the average guy she hasn't gone the supermarket or driven a car in eight years. it's the opposite of the jeb bush problem. >> it's not surprising you know. the country is in trouble and in such historical moments the radicals on both sides are getting stronger. if we're seeing donald trump, ted cruz you know who is close to him, gathering these big crowds and coming up with this aggressive message, and it's happening on the left side. bernie sanders, different agenda but basically the same radical ideas that has nothing to do with the future government of the new president. >> we got issues on the table right now that we would like to hear all of these kinds, how about greece how about the eurozone we'll get to that next. will marathon talks between greece and finance ministers cross a finish line or leave greece in the dust? our panel will talk about that as we have some big announcements expected tomorrow.
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that's on "sunday morning futures" next.
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welcome back. greece's prime minister making a stunning policy u-turn agreeing to a revised bailout deal. greek banks apparently are running out of money quickly. what's your take on the greece story and weigh in on the russian connection. >> we know that allies in the government have been financed by putin. putin wanted the government that could change greek relations with europe.
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but they realized that putin had no money or appetite to support greece long-term and he made the first call to putin after the referendum. the first call. it was more like the bargaining chip he used against europe knowing that again he must do everything to stay -- greece is in big trouble. for them leaving eurozone today would equal total disaster. >> you were in greece before the referendum. how did it feel to you? >> i think of the question would like to stay in eurozone. i think the answer would be the opposite. i think the question was put exclusively to get this nuance because it's more about national pride. we don't want to pay high taxes or bend under pressure. overall feeling in greece is that it belongs to europe. >> they didn't know what they were answering. julie and judy i need your take on iran and greece. we may see a deal with greece tomorrow. that will move markets. if we see an iran deal announced
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this week that's also going to move markets. what's your take? >> iranians are anticipating a deal because they've been prepping themselves in tehran for a deal. it remains to be seen what the deal is. i'm concerned this deal will not have sanctions tied to it. >> why would we do it? >> i'm hopeful and i will give the president the benefit of the doubt but it's not that john kerry wants legacy as part of his tenure as secretary of state. i think if it's the right feel,deal or good deal but if it's a bad deal it will be a disaster. >> i look to see the five experts that sent a letter to the white house the deal as leaked did not meet the administration's own standards for a good deal. if those five defect obama would have a hard time getting a deal through congress. >> on russia and on iran obama makes his own decisions and he
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goes against the air force and intelligence and nato commanders the congress. and he must explain to the american public why he knows better that all of these worried experts -- >> what a list. we'll be right back. stay with us. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? [ male announcer ] we know they're out there. you can't always see them. but it's our job to find
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we're back with the panel. one thing to watch in the week ahead? >> i'm watching iran. does obama leave with a legacy or as a big loser. >> i agree, iran and devil is in the details. i reserve judgment until i see those. >> iran greece china and we have to see how much american influence is left in the world. >> that's a great point. let's not forget janet yellen speaking wednesday and thursday at the house and senate and that could impact the economy and markets. that will do it for us.
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appreciate your time. i'm maria bartiromo. see you next week on "mornings with maria" on fox business network. have a great sunday, everybody. thanks for being here. great weekend, good bye.


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