This is a rush transcript from "Sunday Morning Futures," August 23, 2015. This copy may not be in its final form and may be updated.
MARIA BARTIROMO, HOST: Ohio Governor John Kasich looking to separate himself from the GOP pack, pushing his bipartisan record as he continues his presidential campaign.
Hi, everyone, I'm Maria Bartiromo. This is "Sunday Morning Futures," ahead of an important week for the market. With anti-establishment candidates getting lots of attention, I'll ask Governor Kasich if his policies will resonate with voters.
Plus, Hillary Clinton again saying the investigation into her private e- mail server is just not about her and her campaign insisting it's a partisan witch hunt, as the investigation into that server depends today. Our panel on that and the latest developments in both 2016 primary races.
Plus, global markets selling off. The Dow seeing its biggest drop in four years on Friday. Are we looking at a correction? What now with your investments and we are watching how Asian markets open. The presidents of U.S. Trust will join me live as we look ahead to an important week on "Sunday Morning Futures" today.
The United States facing serious challenges from the plunging stock market to the battle against ISIS. And each candidate in the race for 2016 thinks he or she is the person to lead this great country to overcome those challenges. This past week in Iowa, Ohio Governor John Kasich delivering a message of compassion, urging Americans to come together to solve these challenges. Both the tone and message that is setting himself apart from the GOP field.
Presidential candidate, Ohio Governor John Kasich joins us right now live.
Governor, great to have you on the program. Welcome.
GOV. JOHN KASICH, R-OHIO, PRESIDENTIAL CANDIDATE: Thanks, Maria. Always a pleasure.
BARTIROMO: First, I want to ask you about what we just experienced last week. We're talking about a more than 5 percent selloff in the market just in a week. Should we be worried? What's behind this?
KASICH: Well, you know, you know this better than I do, Maria, but I -- there's no doubt about it that the -- the collapse or seeming collapse of some of the Chinese economy has -- you know, when part -- one part of the world sniffles, everybody else gets a cold. And in this case, they are -- I think they're very sick and we're -- and we're seeing the worldwide impact.
But I'd have two things that I would -- I would say, Maria.
Number one is, I still believe in the long term, of course, strength of the U.S. economy. Part of the way in which we get out of this Social Security dilemma that we fight -- face -- face here in the United States is for our young people to be able to have some ownership in the U.S. economy. Because if we can balance budgets and deregulate and cut taxes and just get back to some common sense, our economy will continue to be strong, you know, for a very, very long time.
So I believe in diversifying. Diversification is important for any investor. You don't put all your eggs in one basket. Secondly, the fundamental belief in the inherent strength in the U.S. economy is a fact today but we need to not take it for granted. And, thirdly, we'll have to see how this whole situation in China settles down. And at this point, I think we're starting to see maybe the bubble bursting in China, Maria, is that your sense? That's what I kind of think is going on here.
BARTIROMO: Yes. I mean, I guess for the -- for a long time, China was the growth story for the world and now we see that it's actually quite fragile. But let's talk about the fragility of this market and the U.S. economy in particular. Your record speaks for itself in Ohio. You've had the lower unemployment rate than the national average for a long time. How do you move the way -- the needle on wages, governor? We've got people out there watching who haven't seen their salary move, are afraid of losing their jobs.
KASICH: Boy, that's true.
BARTIROMO: What's the answer to strengthening this economy and getting back to sustained growth?
KASICH: Well, their anxiety is real. I mean they are concerned about losing their jobs at the age of 51 and what's going to happen and, secondly, a lot of people have not seen their wages go up. And, in fact, this has been the most anemic recovery coming out of a serious recession since World War II.
But as you know, Maria, it's all about productivity. And right now big companies seem to be -- seem to be just buying back stock and not investing in plant and equipment. And if you don't invest in plant and equipment, you can't give the tools to the workers to increase productivity.
What does that mean in a simple way? Well, if a worker can make more in a shorter period of time, their wages go up. It's just that simple. And so I believe that we need to be thinking about the kind of incentives for companies to invest in plant and equipment, which, of course, would involve expensing, accelerated depreciation and let's get the profits home from Europe. That would be the biggest stimulus package we could see.
But in addition to that, I also think we need to have a roadmap to a balanced budget. When -- when we took the control in the '90s, we began to see -- the conservatives -- we began to see the economy improve. And then with a budget agreement, of which I was a chief architect, we then begun to see very rapid economic growth. And -- and that was all good. So we need to get that. We need to begin to deregulate. We have so many regulations that are choking not only big but small businesses and -- and I think combined with corporate incentives, balancing budgets, deregulation, I think that the American economy will begin to grow again. And growth is the most important element in America.
BARTIROMO: No, it's just extraordinary that we have not seen a balanced budget or actually a budget for this country in so long and your success in terms of --
KASICH: But think about Dodd-Frank.
BARTIROMO: Yes, I mean it's un --
KASICH: Thank about that. Maria, here's a case where we -- we are -- we are regulating the big banks and, frankly, we need to. What they really need to do is to have -- is to have reserve requirements against the risk taking so that if, in fact, they go down, the American taxpayers don't pick it up. But those regulations are beginning to choke the medium, as you know, and community banks, which are the life blood for small businesses. And small businesses are the engine of economic growth and job creation in this country. So when you over regulate, you begin to kill investment risk taking and you begin to kill jobs.
This is not that complicated. We know what the formula is and it's the formula that we've applied here in Ohio where we've been able to -- to go from, you know, 8 billion in the hole to a $2 billion surplus and -- and the growth of jobs.
BARTIROMO: So in terms of regulations then, governor, would you roll back Dodd-Frank? You would change Dodd-Frank?
KASICH: Oh, there's no question about it. You do not want to kill the small banks and the medium sized banks. But in addition, you know, the big banks need to reserve against risks. These hedging devices, the CDOs, there need to be reserves on those. And the regulators need to bark. They need to not only bark, but bite when they see the big boys beginning to do things that are inappropriate. And, of course, we've got to look at Fannie and Freddie.
But -- but the bottom line here is, let's not kill the midsized and the small community banks.
KASICH: They are so important in our communities for job growth.
BARTIROMO: Absolutely. Governor, let me ask you, we -- we've been hearing that Jeb Bush donors are calling you and your campaign. Are you seeing a shift from -- from within -- within the party given your success post that debate and given your success in terms of leadership?
KASICH: You know, Maria, what I do is I get a call sheet every day from people that work with me on fundraising and then I go and call these people and tell them, you know, what my story is and what I'm trying to do. I must tell you, it's gotten a lot easier to get people interested today than it was. But in terms of whether some people in the other campaigns, I don't go out and do that.
In fact, you know, Governor Perry, there's been talk about the fact that he's struggled and people have given me names of people in Texas who were his financial contributors. And I -- I -- I don't really want to call them because I don't want to hurt somebody when, you know, when -- when they're struggling. That's not the way I am. So whether it's Bush people or the Perry people, I really don't know. I just get -- I make phone calls. I'm polite. I answer questions and -- but, you know, the money game is an important part of it, but also, so is the grassroots and --
KASICH: That's why I spend so much time in the grassroots. And I love the grassroots.
BARTIROMO: I'll tell you, that demeanor of yours has certainly -- has certainly resonated. We saw you on the debate complimenting Donald Trump even and why he was resonating with people. We also are hearing some famous names saying you're their guy. Charles Barkley, the other day, said that -- that you're his guy. Donald Trump said some things about you on my show, positive things on my show on the Fox Business Network.
Let me real quick ask you about your foreign policy because in terms of this deal with Iran, would you move to reverse it? And can you? Is that even viable?
KASICH: Well, I'm very hopeful that it won't pass. And I -- we're starting to see people line up on both sides. The problem with this is, you help their economy, you give them money that they can use to support groups like Hamas and Hezbollah, who, of course, are opposed to everything that we really stand for in the west. And so the bottom line is, I hope it doesn't pass.
If it does pass, we've got to get an agreement and a commitment that if there's one thing violated, we slap on sanctions, even if we have to do it unilaterally. And, you know, it's interesting, Senator Schumer made the point that in a -- that if an oil company in France wants to sell to Iran, they won't be able to sell in America. So even unilateral sanctions by the United States can have a significant impact.
BARTIROMO: Interesting. Real quick, governor, who are you thinking about for your running mate?
KASICH: You, Maria. No question about it.
BARTIROMO: Governor --
KASICH: You've got it all.
BARTIROMO: Oh, governor, you sleigh me. We will -- we will see you soon, sir. Thank you so much for joining us.
KASICH: All right, thanks, Maria.
BARTIROMO: Governor John Kasich there in Ohio.
One western country reopening its embassy in Iran this morning, nearly four years after it was shut down. We will talk about it with the former U.S.
ambassador to Saudi Arabia and a member of the House Armed Services Committee.
You can follow us on Twitter @mariabartiromo. Let us know what you'd like to hear from Ambassador Jordan @mariabartiromo and @sundayfutures on Twitter.
We'll be right back. We're looking ahead to what this market looks like tomorrow after a rough week. Stay with us.
BARTIROMO: Welcome back.
Nearly four years after shutting it down, Britain now reopening its embassy in the Iranian capital. Relations between the two countries continuing to thaw on the heels of the recent nuclear deal. Meanwhile, the White House still trying to drum up public support for this agreement after a bombshell report by the Associated Press last week suggesting that a side deal was done which allows Tehran to use its own inspectors at a suspected military site.
Ambassador Robert Jordan is with us. He is the author of the book "Desert Diplomat: Inside Saudi Arabia Following 9/11." He's also the former U.S. ambassador to Saudi Arabia under President George W. Bush and a diplomat in residence at Southern Methodist University. Also joining us, Republican Congresswoman Martha McSally from Arizona. She's a member of the House Armed Services Committee.
Good day to you both. Thank you so much for joining us.
AMB. ROBERT JORDAN, FORMER U.S. AMBASSADOR TO SAUDI ARABIA: Thank you.
REP. MARTHA MCSALLY, R-ARIZ.: Good morning, Maria.
BARTIROMO: Ambassador, let me -- let me kick this off with you in terms of this side deal. What do you know about this side deal? Is it possible and feasible that we have agreed to Tehran using its own inspectors?
JORDAN: No, I -- I think there's probably less than meets the eye here, Maria. The -- the best we can piece together from some pretty sketchy Associated Press reports suggest that the IAEA, the inspectors, have agreed with Tehran that the physical swiping of the samples and collecting of the samples will be done by Iranian individuals, but it will be under the very close supervision, monitoring and direction of the actual IAEA inspectors.
So if that's really the case, and, again, I think that the reporting has been very sketchy on this, it's probably something that is not all that unusual. We have seen in the past, I think in South Africa, other situations, where the actual physical work has been done by people on the ground who live there but, again, under the very strict control, direction and physical proximity of the actual inspectors themselves.
JORDAN: So I'm trusting this is actually what's happened here. It appears from the head of the IAEA inspection program that that's what they're really talking about.
BARTIROMO: Congresswoman, it certainly feels like things are getting more dangerous. I want to get your take on -- on all of the above. We've got the Iran deal in place and then, of course, there's ISIS who seems to be getting stronger. You are a former combat pilot, first female combat pilot.
What are your thoughts on the strategy against ISIS so far?
MCSALLY: Well, let me, Maria, just touch on the side deals that were mentioned earlier. You know, we passed the Iran Nuclear Agreement Review Act in May specifically stating that the administration needed to give Congress every possible piece of paper, agreement, side deal, so that we could review it. And in a closed door meeting with Secretary Kerry, about two hours, it was classified in nature, but this was not classified. I asked him a question, whether everything had been turned over to Congress for us to review in accordance with this review act, and he said "yes." And if these reports are true, these two at least perhaps two side agreements between the IAEA and Iran are troubling to us that we are not being able to have sole oversight and review of all documents before we make this important vote.
Now when it comes to ISIS, I've been --
BARTIROMO: I mean it -- it seems extraordinary.
MCSALLY: Oh, go ahead.
BARTIROMO: It truly seems extraordinary.
MCSALLY: It is extraordinary.
MCSALLY: And, look, this is -- you know, they'll get kind of wonky on you saying this is usual agreements under the nonproliferation treaty, but there's nothing usual about the largest state sponsor of terror wanting to acquire a nuclear weapon and us, in this deal that the administration has brokered, us having the oversight of their past military -- possible military dimensions. We don't know how they might cheat in the future unless we know how they've cheated in the past. So coming clean and fessing up on all their past activities and the documents and the scientists and the sites that the inspectors need access to is vitally important moving forward. That's one of many reasons why this is a very dangerous deal.
BARTIROMO: Yes, actually, we've got some meetings next week. President Obama, ambassador, speaking at the annual National Clean Energy Summit.
You've got German Chancellor Angela Merkel is meeting with Francoise Hollande to talk about Ukraine. And then Gulf states also talking about the latest in the Gulf as well. What's your take on the progress being made with our Middle Eastern friends, ambassador, in the -- in the wake of the Iran deal and -- and the current situation with ISIS?
JORDAN: Well, I think they have justified serious concerns about this Iran nuclear deal. It creates a shift in the balance of power that I think is going to be quite profound. And so they have a right to be concerned. They also need to gather themselves a bit in dealing with ISIS.
They have to develop a better coalition. They have to develop more boots on the ground on their own turf. They need to have a more proactive procedure for going after ISIS. This -- this is all something that the U.S. has to play a role in. We can't simply turn our backs on them. But they also have to police their own neighborhood.
I think these talks are going to be very important. I think it's also quite interesting that the -- the Europeans are chomping at the bit to start doing business with Iran. This is one of the things that have actually weakened our coalition. There are so many countries anxious to get in there to develop their business relationships in Iran that it has --has really created, I think, some -- some discord and weakness within this coalition.
BARTIROMO: Right, we --
JORDAN: And that's something to continue to watch.
BARTIROMO: And, of course, just today we know that Britain is reopening that embassy in Tehran.
BARTIROMO: But, congresswoman, there's also history in the making that I want to get your take on. Two women will graduate the Army Ranger course.
Very exciting there. You being a real veteran as well as a -- as a leader in terms of the military and being a woman must make you happy to see this?
MCSALLY: Oh, absolutely. I am so proud of Captain Griest and Lt. Haver, West Point graduates and both of them making it through this grueling course that almost 300 men, who are already in many combat positions, washed out of and didn't make it to graduation on Friday. These women are mazing. They showed physical and mental toughness. If you see the press conference with some of their colleagues, their male colleagues, talking about how they couldn't carry the heavy weapons anymore and they couldn't find another teammate to carry them for them on these long raucks (ph), the women are the ones who stepped up. This shows what I have been long advocating, that we are a merit based military and we should pick the best man for the job, even if it's a woman --
MCSALLY: For every single combat situation. It's not hypothetical anymore.
These women really make us proud.
BARTIROMO: Well, you are a pioneer, so thank you for that.
Ambassador, congresswoman, good to have you on the program today. Thanks so much.
MCSALLY: Thanks, Maria.
JORDAN: Thanks, Maria.
BARTIROMO: We will see you soon.
We want to get to the global market selloff spooking investors. We will look at what's driving the biggest one day point loss for the Dow Jones industrial average since 2011. The massive drop is impacting your savings.
We'll talk with Keith Banks, the president of U.S. Trust, Bank of America Private Wealth Management, as we look ahead on "Sunday Morning Futures."
BARTIROMO: Welcome back.
Trying to pick up the pieces for your money as investors run to the exits. This upcoming week is an important week. After last week's stocks plummeted this past week, the Dow Jones Industrial average dropping 530 points on Friday alone, capping not just the year's worst week for the market, but the worst week for the Dow since 2011. This also coming as China makes moves to devalue its currency. Investors are worrying about an economic slowdown in China and what the impact is for jobs here in America and the impact of a potential interest rate increase by the Federal Reserve next month.
Joining me right now for a look at the big picture is Keith Banks. He is president of U.S. Trust, Bank of America Private Wealth Management, overseeing some $200 billion in assets under management.
Keith, it's great to see you.
KEITH BANKS, PRESIDENT OF U.S TRUST, BANK OF AMERICA PRIVATE WEALTH
MANAGEMENT: Good to be here, Maria.
BARTIROMO: Thank you so much for joining us.
BARTIROMO: A busy week last week. Wow.
BANKS: It certainly was.
BARTIROMO: We're talking about a decline of 5.8 percent for the week.
BARTIROMO: What happened?
BANKS: Well, I think a couple things are at play. Number one, there's a real concern about what's going on in China, number one, from an economic growth standpoint. Number two, the devaluation of the yuan really got people's attention. But I think the real feel -- fear, Maria, is that this is going to lead to a repeat of the 1997, 1998 global Asian currency crisis and the important aspect of that is that led to global contagion, meaning the entire global economy was negatively impacted. We don't happen to agree with that, but I think that, along with fears about the Fed raising rates finally, and there's -- there's almost like a three dimensional macro chess game going on with -- with potentially very divergent outcomes depending on how the chess game plays out.
BARTIROMO: Well, I want to ask you about the Fed, but let me stay on China for a moment.
BARTIROMO: We're all focused on, how will the Chinese markets open tonight?
BARTIROMO: You know, what's going to happen tonight for Asian markets? That will set the tone? Do you think there's more selling to come? And how closely should we be focused on China?
BANKS: Well, look, I -- I -- I don't think we're out the other end yet.
We've seen -- we've seen a lot of things happen quickly. You mentioned how
-- how brutal the selloff was last week. So things get compressed, but I don't think we're done yet. I think volatility remains high. The VIX, which is one measure of volatility, went from 13 to 23 or 24.
BARTIROMO: Wow, a lot of volatility.
BANKS: Only twice in 21 years has that happened. So things are getting compressed, but I don't think we've come to a full head yet, meaning more volatility. I think there will be more weakness in the market both in the U.S. and globally as people continue to try to sort out this -- this -- this macro dynamic (INAUDIBLE).
BARTIROMO: So -- so you've got clients all over the country, all over the world, really, and -- and if you're telling them, look, we're not done yet.
We haven't seen this come to a head.
BARTIROMO: What do you do if next week is a week of heavy selling again?
BANKS: Right. What we're not doing is we're not panicking. And we would tell clients -- we are telling our clients and we tell people generally, do not panic. I think you also have to recognize, when you have the kinds of macro forces at work we do, one of the most difficult things to do is at inflection points to make these macro calls. Everyone's got an opinion, but the degree of difficulty is high. So know what you don't know. When you do make moves, make them incremental, not big bang, and then let the world continue to turn. We think over time the -- things will sort out and it will become clear that things are not as bad as people fear, but it will take some time for that to become apparent.
BARTIROMO: Well, you're a long-term thinker.
BARTIROMO: I'm a long-term thinker also, so I -- I agree you just want to watch that and not necessarily panic at all. But let me ask you this because if it was such a sure thing --
BARTIROMO: That interest rates should be going higher and that the economy is doing so well, we wouldn't be having this debate.
BARTIROMO: But now the fact that, you know, China is slowing, the U.S. is sort of moving at a snail's pace, it opens up the debates. Should the Federal Reserve really be raising interest rates next week -- next month?
BANKS: No, it -- it is a -- it is an interesting question. And I think given all that's gone on of late, my guess would be, and it's a guess, is they don't.
BARTIROMO: You don't think next month is the time?
BANKS: I don't think so. But I do think it could still happen by the end of the year. Look, a couple of things will transpire, Maria. Number one, when Europe comes back from holiday, we think you could see the ECB getting more aggressive. We still think China, trying to deal with its own issues, will not only have some more monetary easing, but move into a fiscal stimulus mode. You've got -- the U.S. is actually doing OK, right? U.S. growth is -- you've got a strong consumer, you've got a good housing market, you have good autos. We still think the U.S., through the second half of the year, will most likely grow around 1.5 percent. So not everything is bad. But having said that, there's a lot to be concerned with, and that's what's getting people nervous.
BARTIROMO: And, of course, that's why if the Fed raises rates, you wonder if those areas, housing, autos, are going to stay strong.
Very quickly. Next week you've got the Jackson Hole meeting.
BARTIROMO: The Federal Reserve annual meeting. And then you've got the GDP report out.
BARTIROMO: Any surprises we should expect out of those two things, because those are two important ones for the economy?
BANKS: Yes, very important. One of these I do expect to see, I think the tone coming out of Jackson Hole, I think, will lead people to believe that the rate hike will not be imminent, meaning September. That may give people some solace. But I think there's a lot of things that are going to be coming down the pike that need to be processed and that will lead to higher volatility and I think continues uncertainty, unfortunately.
BARTIROMO: All right, we'll leave it there. Keith, always great to have your insight.
BANKS: Good to see you, Maria. Thank you.
BARTIROMO: Thank you so much. Keith Banks is the president of U.S. Trust.
After a volatile week for financial markets here and around the globe, Fox Business Network digs in to what's in store for investors this upcoming week. My colleague Stuart Varney will host Fox Business "Special Report:
Market Correction." That's tonight at 9:00 p.m. Eastern on the Fox Business Network, as we cover the Asian market open.
Travelers could be facing longer lines at the airport, meanwhile, after a high profile failure by the TSA. One of the agency's former assistant administrations is here weighing in. We're looking ahead today on SUNDAY MORNING FUTURES.
GREGG JARRETT, FOX NEWS ANCHOR: From America's news headquarters, Hello, I'm Gregg Jarrett. Here are some of the other stories making headlines this hour.
A French official now identifying the gunman who tried to attack a Paris- bound train as a 26-year-old Moroccan, authorities also revealing the suspect has ties to radical Islam and was no stranger to investigators. He was on their radar in France, Belgium and Spain.
In the meantime, President Obama phoning three Americans being hailed heroes for preventing that attack. The White House says he praised the men for their courage and quick action.
Fire crews beginning to turn things around against those deadly wildfires in Washington State, the winds dying down there, helping firefighters are gain the upper hand. The flames so far have scorched more than 350 square miles, resulting in the deaths of three firefighters.
I'll be back with Molly Line noon Eastern with more news. And, of course, the doctors are in, Drs. Siegel and Samadi, "SundayHousecall" is at 12:30 Eastern.
I'm Gregg Jarrett. Now back to "Sunday Morning Futures" and Maria.
BARTIROMO: Thanks, Gregg.
The TSA retraining agents after a series of tests exposed a major security flaw. A startling report showing agents failed to detect fake explosives -- get this -- 67 out of 70 times. The agency responding by bringing back handheld metal detectors and increasing other measures that could mean longer lines at the airport.
Joining us now is Chad Wolf, he is a former assistant administrator with the TSA, now the vice president of the consultant group Wexler Walker.
Sir, good to have you on the program. Thanks so much for joining us.
CHAD WOLF, V.P., WEXLER WALKER: Thank you.
BARTIROMO: Pretty amazing, huh, a test by the TSA in several airports results in 67 of 70 fake bombs passing screeners.
How is that possible?
WOLF: Well, it's certainly an issue for the agency. What those are, those are covert tests that not only TSA run but GAO and the I.G. run to determine what are the vulnerabilities at the checkpoint. And in this case, as you mentioned, it's 96 percent failure rate. So in that regard TSA really failed on its job on detecting prohibited items and other dangerous weapons from getting through the checkpoint.
BARTIROMO: And why do you think that is?
Do they not have the capabilities?
Are they not trained properly?
BARTIROMO: I mean, how did we miss so much?
WOLF: Yes, I think there's a couple of issues we need to take a look at.
One is training the screeners.
Are they implementing the right procedures?
So I think TSA is taking a look at that as we speak.
Two is the process in which they screened passengers. We've got to remember that TSA screens over 1.5 million passengers a day. So it's a big job.
And the third piece I think is technology.
Do they have the right technology at the checkpoint to make sure that they're not only detecting the weapons and the explosives that they need to, the threats that they face, but that they're processing passengers in a way that gets them through that checkpoint with the least amount of hassle.
And so I think that's where TSA really needs to focus its job is on the technology there at the checkpoint.
In the past TSA has gotten criticized a lot about technology. But I don't think that that really should prevent them from looking at what are the new technologies that we need to look at to really automate the process at the checkpoint. It's such a large number of passengers. They really need to have that automated. And they needed to look at technology that they've used in the past, that they use today in checked baggage. And I think they can improve a lot in that regard.
BARTIROMO: So this -- we're looking at a whole new retraining of these agents but Americans are about to pick up their travel. We're headed to the end of the summer, Labor Day weekend on the horizon.
Will it be different for travelers this upcoming next several months as a result of this?
What will life be like for travelers at the airports?
WOLF: Yes, that's certainly what TSA is talking about now, they're talking about hand wanding passengers, patting them down more. And that's really a result of these covert tests. I think that's the first step that we see that TSA is undertaking.
As I mentioned, though, I think there are some more fundamental problems at the checkpoint that the agency needs to address. Here in the short-term, passengers are likely to, you know, look at longer lines because TSA is going to slow down the process and really make sure that they're getting it right.
I think -- and there's a number of us in the industry that think -- that you don't need to slow the lines down, that there is technology there and there's other ways that you can look at processing the checkpoint, where you can keep the passenger flows and the throughput moving through that checkpoint in a reasonable manner.
BARTIROMO: All right. We will leave it there. We'll be watching.
Chad, thanks so much for your insights, appreciate it.
WOLF: All right. Thank you.
BARTIROMO: We'll see you soon, Chad wolf there, joining us.
And now take a look at what's coming up on "MediaBuzz" top of the hour, Howard Kurtz standing by.
HOWARD KURTZ, HOST, "MEDIABUZZ": Good morning, Maria. Going to look at how the mainstream media and many liberal commentators really giving rough treatment to Hillary Clinton over her e-mail debacle, that testy press conference that we've all seen and the way in which she has done only two national TV interviews in the last couple of months.
Contrast that with Donald Trump, who's now done 68. We did some research.
But also when Trump holds a big rally like he did in Alabama and New Hampshire this week, all three cable news networks taking that live.
Is that too much air time for The Donald?
BARTIROMO: Right. Well, we'll see. I mean we had Donald Trump on "MORNINGS WITH MARIA" on the FOX Business network for 45 minutes last week.
We just had John Kasich on. Candidates are not shying away from talking with reporters and giving us their vision. So we'll see what happens next with Hillary. I will see you in 20 minutes, Howie.
KURTZ: I bet Trump didn't hurt your ratings.
BARTIROMO: He didn't.
Hillary Clinton reaffirming that she did not mishandle classified information on her private e-mail server as the questions continue to swirl. Now her shrinking lead in the polls could land Joe Biden in the race, possibly Elizabeth Warren alongside him, as we look ahead on SUNDAY MORNING FUTURES. Back in a minute.
BARTIROMO: Welcome back. A federal judge orders the State Department to coordinate with the FBI in the investigation over Hillary Clinton's email server. But Clinton and her campaign are again saying this investigation is not about her. And although she still leads in the polls, her fellow Democratic candidates are closing in on the gap.
Meanwhile, Vice President Joe Biden apparently met privately with Senator Elizabeth Warren this weekend. Another sign that he is seriously considering jumping in the Democratic race.
We want to bring in our panel right now. Judith Miller is adjunct fellow at the Manhattan Institute for Policy Research. She is a Pulitzer Prize- winning author and journalist, and Fox News contributor. Mary Kissel back with us. She's on the Wall Street Journal's editorial board. And Alan Colmes is the host of the syndicated "Alan Colmes Show."
Good to see everybody. Thanks so much for joining us. Let's start with Joe Biden meeting with Elizabeth Warren, what does that tell you?
JUDITH MILLER, FOX NEWS CONTRIBUTOR: It tells me that this is getting serious, Maria, because, you know, this was the most leaked public/private meeting in Washington history.
MILLER: I mean, it took about a nanosecond before everyone to know that Biden had come to Washington to meet on a Saturday with Elizabeth Warren whose support he absolutely needs if he's going to get into this race.
BARTIROMO: So what do you think, Mary?
MARY KISSEL, WALL STREET JOURNAL EDITORIAL BOARD: Well, isn't this fun? We're not going to have a Hillary coronation like everyone expected. Look, let's be clear about this, Joe Biden has a lot of obstacles if he's going to take on Hillary-world.
He has got a fundraising issue. He'd have to run as the third term of President Obama. He has run twice before and he hasn't done well. And also, consider, is Joe Biden really going to deny the Democrats their first female president?
You know, so, yes, it's exciting, we can talk about it, but it is an uphill battle for dear old Joe.
BARTIROMO: Wow. That's a great point.
ALAN COLMES, HOST, "ALAN COLMES SHOW": I think Mary has got a good point. Hillary would have to be very, very damaged for Joe Biden to jump in. And he should jump in as a savior, not as a competitor. And he really should be patient and really wait to see if there really is that niche for him to go and do it.
Meeting with Warren is clearly an attempt to see if he could peel off some of the support that now is going to Bernie Sanders. He wants to see how much of that he could get.
BARTIROMO: I got you.
MILLER: Yes, because he has got -- you know, Sanders still has 19 percent popularity vis-a-vis Hillary, so really I think what Joe Biden is waiting for is Hillary to falter. The trust numbers to fall so low or something to happen with the FBI investigation that might disqualify her.
KISSEL: Yes, but here's the issue. No one is going to beat Hillary Clinton without taking on her ethical issues. And so far no one on the Democratic side of the race, including Bernie Sanders, has done that. And so that's really going to be the test. If Joe Biden gets in, if he wants to win, that's what he has to do.
COLMES: Bernie won't do that, because he has been very clear. He's not running a personality-based campaign. He said he's not going to attack Hillary Clinton.
BARTIROMO: All right. But it's more than personality, right? This seems to be getting real serious in terms of an FBI criminal investigation.
COLMES: I think it's great. Let the FBI clear her. And if the FBI doesn't find -- if they do, then what are people going to say? Are they going to continue to attack her?
COLMES: Are they going to continue to attack Hillary Clinton if the FBI says "all clear"?
BARTIROMO: But the FBI clear her?
MILLER: Yes, well, I don't think -- that's not going...
KISSEL: That's not going to happen. Hillary is mounting a political defense and not legal defense. She's diverting everyone's attention to this idea of, well, was it marked classified, the email, or wasn't it?
But that's not the issue. As a sitting cabinet member she had responsibility to protect classified information and to define it as such.
She started her own private email server, a sitting cabinet member. This has never happened before...
COLMES: Colin Powell had his own email.
KISSEL: No, that's not true.
COLMES: Yes he did.
KISSEL: Classified -- this is the issue. Classified...
BARTIROMO: ... coming out.
KISSEL: Classified information on a homebrew server that was later -- in Chappaqua and later in Denver with classified information on it, the FBI should investigate it. At the best this is a misdemeanor. If there's intent, it's criminal.
BARTIROMO: So wait, Colin Powell...
COLMES: Colin Powell used his own separate email.
KISSEL: Not his own server. He didn't set up a -- he didn't have his own server.
COLMES: He had his own email. He wasn't using it on State Department servers.
KISSEL: There was never classified email on that server.
COLMES: But he admitted that he was -- and he doesn't even have records of those emails. Hillary -- this is not unprecedented.
BARTIROMO: But she scrubbed the server clean, Alan. How do you defend that?
COLMES: I think she needs to answer for that.
BARTIROMO: I mean, of course you're hiding something if you scrub the server clean.
MILLER: That's right. She has two kinds of vulnerability here, one is the legal issue. The minute the FBI gets involved she's in terrible trouble legally.
BARTIROMO: They only do criminal investigations.
MILLER: That's right. The second is political. And that is that, do the supporters begin to peel away? Do the independents and non-diehard women supporters that she has around her begin to peel away and get nervous and say, we can't take this chance?
BARTIROMO: Is that happening now?
MILLER: We don't know yet. It's too early.
KISSEL: It is too early. And remember, there is still a lot to discover here. And we wouldn't be discovering any of this if it wasn't for the federal courts. Federal judges are forcing the State Department, Hillary, and her aides to divulge information that we wouldn't have otherwise.
BARTIROMO: Because for the longest time she said, this server will stay private.
COLMES: We're not sure though that at the end of the day -- which is a phrase I can't stand, that at the end of the day that the average voter is going to really get into the weeds and care that much about this 17 months from now.
KISSEL: But the polls say that they do.
MILLER: Well, they say now.
KISSEL: But we know that they have more than 300 classified emails on a server that was outside of secure systems. That's breaking policy. That's certainly, certainly something that she needs to be able to account for.
COLMES: You know that there's a non-secure state department server, there's a server in the State Department, state.gov, which is also not secure. There is secure and non-secure within State.
KISSEL: That's not what we're talking about.
COLMES: The same issues could appear if you were using a State Department server. And we've seen hacking at the Pentagon, she might have been safer on a private server.
KISSEL: Come on, Alan.
COLMES: It's true. It's true.
KISSEL: Safer on a private server?
COLMES: Wait a minute, we've seen the Pentagon...
MILLER: Alan, you're really reaching.
COLMES: We've seen the Pentagon hacked. We've seen the Pentagon servers hacked. She might be safer this way.
KISSEL: Well, David Petraeus and John Deutch, and Sandy Berger were held to account for less than this.
COLMES: She didn't put stuff in a sock and sneak it out of a room, like you were saying.
KISSEL: This is worse.
COLMES: There's no evidence of that.
BARTIROMO: Take a short break. Tens of thousands of supporters coming out to see Donald Trump, meanwhile, in Alabama. Our panel on whether his political rise has staying power. We're looking ahead right now on "Sunday Morning Futures."
BARTIROMO: Welcome back. It was not the sellout his campaign anticipated.
But Donald Trump still drawing an estimated crowd of 30,000 to a football stadium in Mobile, Alabama. This as polls out this past week show some GOP contenders beating Hillary Clinton in head-to-head match-ups.
I'm back with our panel, Judy Miller, Mary Kissel, and Alan Colmes.
What did you think about the Trump turnout in Mobile?
MILLER: I think it is what we have come to expect. But I think Trump's problem, as he himself said, is he wants the election to be tomorrow, because the longer people listen to him, the more they're going to hear a demagogue.
And the more they're going to hear people who understand -- he's going to say what people feel is wrong without the solution.
BARTIROMO: Really funny when he said that, actually.
KISSEL: I think that the best interpretation of Donald Trump is that Americans don't want to be Japan, and they don't want to be Europe. They want somebody to come in and fix the country. So that's good.
The problem with Trump is, as Judy says, he's a populist. And as we see more of his policies, I think a lot of this enthusiasm is going to wane.
COLMES: If he turns around his tie, it says "made in Mexico."
COLMES: Or "made in China." I think that says it all about Donald. He's a business guy, period.
BARTIROMO: Right. So when you compare Donald Trump to a John Kasich, John Kasich joining us at the top of the program, with real solutions to some of the issues, and yet Donald Trump is resonating.
What was your take on what the governor said to us?
MILLER: I think what we saw with the governor and his appeal, especially in a state like Ohio, which is a kind of swing state, but also very Middle America, is temperament. He's calm. He's a uniter rather than a divider.
But it's the temperament that Donald Trump does not have that emerges -- that makes someone like John Kasich appealing to more than just one wing of the Republican Party.
BARTIROMO: Yes. That's what you said earlier, Mary.
KISSEL: Yes, well, the Republican Party needs somebody who is going to unify the tea party and the establishment wings of the party. Kasich is one of those guys. Bush is another one. Christie is another one. Those three are really competing with each other.
His strength is his record in Ohio, as he talked about with you, Maria. His weakness is that he's a compassionate conservative. Look at the Medicaid expansion. It's going to eat more than half of Ohio's budget by 2017.
And he also has this tendency to kind of moralize. So we'll see how he does on the campaign trail. Again, big strengths for him, but also some big weaknesses.
COLMES: I like John Kasich. But that's his problem. He doesn't want me. He needs to get Republicans to like him...
COLMES: ... and I'm not sure the far right will go for him. But he brings Ohio, a key state. They really need to take Kasich more seriously.
BARTIROMO: Let me move on to what we're looking at in the upcoming week. Mary, obviously, the Dow Jones Industrial Average experiencing a huge fall on Friday. We had one strategist on, Ralph Acampora, on FOX Business Network, who said he's expecting 21 percent top to bottom, 21 percent.
That means there another 10 percent selloff left.
Do you think we've got more selling in the week ahead?
KISSEL: Well, it remains to be seen as to whether or not this is a small short-term correction or if this is part of the larger deflation as investors catch up to reality. The United States, Europe, China, and Japan have really floated along on an ocean of debt. Building roads and bridges is not the way to a sustainable economy. There is no growth there.
And the growth that we have even in this country, it may look better than the rest of the world, but it's still pretty lousy. So eventually those prices have to come down.
BARTIROMO: So that's why we watch China so much. That's why opening...
KISSEL: But it's not just China, remember. This lousy 2 percent growth that we have, we've had inflation in the stock market.
MILLER: And I think that when you look at Janet Yellen, who resists raising interest rates, this is the kind of information, ammunition that she needs to say, not now, not so fast, let's wait.
BARTIROMO: We'll see. We'll see if actually they raise rates next month.
Still to come, the one thing to watch in the week ahead. "Sunday Morning Futures" will be right back.
BARTIROMO: Welcome back. I want to thank our panel for being here.
I know you're watching North Korea, Judy...
BARTIROMO: ... this week. And you're wondering what happens next with Jeb Bush.
KISSEL: I am. The Bush-Trump war of words.
BARTIROMO: Alan, you're all over Joe Biden.
COLMES: I just think it could be a week to know something about Joe Biden.
BARTIROMO: Thank you so much for joining us, all of you.
And thank you so much for joining us. That will do it for "Sunday Morning Futures." I'm Maria Bartiromo.
I'll see you bright and early tomorrow morning on the Fox Business Network. We've a special program tomorrow, as we watch global markets on the heels of that huge selloff on Friday.
Take a look at where to find FBN on your cable network or your satellite provider, or click on "channel finder" on foxbusiness.com.
Have a great Sunday, everybody. I'll see you tomorrow.
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