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Sunday Morning Futures

Battle for Wisconsin in final stages; Why Scott Baio is endorsing Donald Trump

This is a rush transcript from "Sunday Morning Futures," April 3, 2016. This copy may not be in its final form and may be updated.

MARIA BARTIROMO, HOST: Good morning.

The battle for Wisconsin in its final stages. Badger State, a potentially pivotal stop on the road to the GOP nomination. Ted Cruz and Donald Trump going at each other tooth and nail, hoping that a win on Tuesday can act as a spring board for their campaigns, and help them nail down the top spot on their party's ticket.

Hi, everybody. Welcome. I'm Maria Bartiromo, and welcome to "Sunday Morning Futures" this morning.

As the fight plays out, Donald Trump and Ted Cruz telling voters that victory is at hand.

(BEGIN VIDEO CLIP)

DONALD TRUMP, R-PRESIDENTIAL CANDIDATE: I think we're going win before we get to the convention. If we get to the convention, the establishment politicians who want to protect their jobs, who want to protect their paychecks, who want to protect all of the different things like the lobbyists and special interest, they don't like me. Now, I used to be a part of the establishment.

SEN. TED CRUZ, R-TEXAS, PRESIDENTIAL CANDIDATE: Where we're devoting our energy is to earning the votes, winning the stakes and earning the delegates to win a majority before the convention. And I'll tell you, Wisconsin is going to have a powerful voice in that. Not just the 42 delegates here, but all across the country. People are looking to this great state of Wisconsin.

(END VIDEO CLIP)

BARTIROMO: And joining me right now is New York Congressman Peter King, also a member of the Homeland Security Committee.

Congressman, good to see you.

REP. PETER KING, R-N.Y.: Maria, always good to see you.

BARTIROMO: Thanks so much for joining me.

I think it's really interesting, this is the reason we invited you on this afternoon. As we look ahead to Tuesday, Wisconsin, why are all the candidates in New York this past week? You had Ted Cruz in New York. You had John Kasich in New York, famous shot of him eating pizza. Hillary Clinton and Bernie Sanders in New York. We know Trump has headquarters here in New York.

First, let's talk about Wisconsin and then I want to get your take on New York, obviously. What do you expect in Tuesday?

KING: Right. Right now, it looks as if Ted Cruz is going to win in Wisconsin. I'm not a Ted Cruz fan by any means. But all the polling, all the momentum seems to be going his way in Wisconsin. Wisconsin has a different type of Republican, they are conservative but they're also very practical and down to earth, and I think they have been either turned off or become concerned by some of the things that Donald Trump has been saying. It's not so much anti-Trump but I think they have real concerns about him being our nominee for president.

I think John Kasich will make a better showing than people might think.  He's from Ohio. In many ways, he represents more what Wisconsin is like but he's getting a late start in Wisconsin. Ted Cruz has a good ground game.

So, looking at it from a distance, I would say Ted Cruz can win by at least 10 points in Wisconsin.

BARTIROMO: So, how important is Wisconsin, then, in the general scene? If Ted Cruz wins Wisconsin, what does that mean for his prospects coming into the Northeastern states which are right after that, like New York, Pennsylvania, Connecticut, Congressman?

KING: I think the most impact it has as far as slowing Donald Trump down.  If he could have won Wisconsin, I think that would have really put him on the fast track to the nomination by -- if Cruz does beat him and beat him convincingly in Wisconsin, then it's going to raise doubt about Donald Trump and it's going to slow his momentum and then you have two weeks where basically no primaries or caucuses of any real significance between Wisconsin and New York. So, all the emphasis goes on New York. And that's where Kasich might be able to make a move, because even though Cruz can slow Trump down, there's no great love for Ted Cruz either.

And yet, it also gives Donald Trump tried to get his act back together.  She has to show he's ready for primetime and for a guy who's been on television so much, he really has not been ready for primetime. He has a lot of support there. I think it was Michael Goodwin in his column he's letting down his own supporters by not being prepared enough. You can't make to it the presidency without having a better knowledge than he's shown so far.

BARTIROMO: Yes, we know what his commentary has been recently, comments on women, abortion, Muslims and then, of course, this morning, there's an article out in the "The Washington Post" that Trump gave an interview to.  He said the economy is very weak. That we're going to see a big sell off in the stock market and a big recession coming.

Let me ask you about your own favorites here, because for a little while I thought you were warming up to Donald Trump. And then he made those comments about Jeb Bush. You got very angry about that. I know you were supportive of Marco Rubio, very supportive.

So, going into Wisconsin and the other states, who are you backing now?  Are you basically expecting a contested convention?

KING: I think there might well be a contested convention. And, listen, I have nothing against Donald Trump. I just thought the remarks he made about George Bush and Jeb Bush, especially President Bush, how he said he lied about Iraq, how he sort of knew that 9/11 was coming and did nothing about it, all of that was so wrong. And that's what turned me against Donald Trump at that time.

Again, I would like him to be able to get his act together and be a strong candidate. But right now, he's not showing it. So, I think we are on the way to a contested convention.

John Kasich has a lot much grassroots support and could do very well at the convention. For myself right now, listen, I did endorse Marco Rubio. He didn't make it. I don't want to keep jumping in and out.

So, I'm going to stay and watch. See what happens in New York. See where it goes. If there's a contested convention, I certainly have something to say then.

BARTIROMO: By the way, there's nothing wrong with a contested convention, right? I mean, if he doesn't get if the 1,237 votes, then that's the way it moves. You're going to talk with Sean Spicer from the RNC coming up, looking at that. So, you think John Kasich could come all the way from behind and actually take it during this contested convention if that's how it plays out?

KING: I'm saying he could be viable because John Kasich, again, Donald Trump if he flames out and doesn't make it and then you have Ted Cruz, there was a lot of animosity in the Republican Party. Now, it could be John Kasich, it could be somebody else. But Kasich, because he's been in the arena, I would think would have a good shot.

But again, not that I'm endorsing John, I'm just saying that if again, if Trump can't make it, it's going to be a hard for a lot of people to go Ted Cruz. I think it would be hard for the Trump people to go Cruz.

But again, Donald Trump, if he can get it together, if he can show more knowledge on foreign policy and on some key issues, I think the base, the emotional segment of the party definitely is for him but he's letting down his own supporters. If he can turn that around, he would still be the favorite.

BARTIROMO: Yes, let me ask you about terrorism and your thoughts on what we're seeing this morning. Of course, the first flight took off from the Brussels airport as it is re-opening slowly with certainly a scaled back service. Given what we know now and what took place in Brussels, Congressman, and, of course, these new scares about the U.S., what should to be done in terms of ISIS, in terms of this new reality that we all face?

KING: Several things. The European countries have to do better in sharing information. They have to take this more seriously. Maria, for years we couldn't even get them to cooperate in giving us the passenger manifests on planes coming from Europe to the U.S. They thought we were overreacting.

So, now, it's hit home over there and it's important for them. The British have always been good. But the other countries, you know, they don't work closely enough together. They have to. They have to start sharing this information. And that's number one.

Number two, we have to go after ISIS more aggressively. We have to go after them more aggressively in Syria. And also realizing now with these encrypted apps, it's going to be harder and harder to get signal intelligence or listen to what ISIS is planning.

We need more intelligence on the ground and that also means in our own country and European countries to have more of an undercover police presence, to have informers, to have people on the ground to be in the Muslim communities. That's where the threat is coming from.  You know, 98 percent, 99 percent Muslims are good Americans. But the threat is coming from there.

BARTIROMO: Yes.

KING: And just like with the Italian mob, the Irish gangsters, you went into the neighborhoods to find out where it's coming from. We have to put political correctness aside, do it in Europe, do it here in the United States, to get the intelligence before the attacks can be started.

BARTIROMO: How worried are you about the U.S. seeing an attack imminently and including that -- talk about New York for a moment. Are we doing enough in New York given that we're seeing it in these big cities like Paris and Brussels? Is New York next? There are about a thousand investigations right now going on about people who want to join the fight, right?

KING: Yes. That's throughout the country.

Let me just say, I don't want to scare anyone. There are no imminent plots that I'm aware of right now. Having said that, U.S. is the number one target and within the U.S., New York City and surrounding areas are clearly the number one terrorist target in the country today. That's why there's more than 1,000 New York City police officers working full time. They have their own counterterrorism and intelligence unit.

I have great confidence in Bill Bratton, I had real issues with the way Bill de Blasio, when he was campaigning and "The New York Times" and Civil Liberties Union were attacking the NYPD for the surveillance work they were doing, without going into details. I just have confidence that Bill Bratton will do what has to be done.

I think some of the rhetoric criticizing the police has been horrible.

BARTIROMO: Right.

KING: But, again, Bill Bratton knows what he's doing. He's getting it done in spite of a lot of the politics that surrounds him.

BARTIROMO: What are you expecting the next couple of few weeks, Congressman? We've got the primary, the Republican and the Democratic primaries coming to New York. It's going to be an important time for your state.

KING: It really is. This is the first time ever that New York has been important in a presidential race. Usually by the time it comes to New York, the race is already decided.

And I think right now, it's going real test -- if Donald Trump doesn't win over 50 percent in New York that's really going to slow him down forgoing to the convention. Over 50 percent he gets all the delegates. Under 50 percent, they get apportioned out. That would really slow him down. Being his home state, he's expected to win it.

On the Democratic side, I'm amazed that Bernie Sanders is running so close to Hillary Clinton. I mean, the last poll, it had been 40 points, now it's only 12-point spread.

BARTIROMO: Yes.

KING: I mean, this should be Hillary Clinton's -- if she doesn't win New York big, again it shows that Bernie Sanders is in it for the long haul and it shows that her campaign has real issues, real problems.

BARTIROMO: Yes, it's pretty extraordinary.

Congressman good to speak with you as always. Thanks so much.

KING: Thank you, Maria.

BARTIROMO: Congressman Peter King there.

So, what does a contested convention look like? Is it a real true possibility? We'll talk with Sean Spicer next of the Republican National Committee.

Plus, actor Scott Baio weighs in on Donald Trump and the GOP establishment.

Follow me on Twitter @MariaBartiromo, @SundayFutures.

Stay with us as we look ahead this morning on "Sunday Morning Futures."

(COMMERCIAL BREAK)

BARTIROMO: Welcome back.

A contested convention could be in the future for the GOP. It has become more of a reality than ever. And that might spell trouble for Donald Trump in the next several months because on a second ballot, delegates could break ranks with him and support another candidate.

But if Trump can't reach the magic number of delegates needed to win the nomination outright, Governor John Kasich doubts Ted Cruz can either.

(BEGIN VIDEO CLIP)

GOV. JOHN KASICH, R-OHIO, PRESIDENTIAL CANDIDATE: Cruz needs about 90 percent remaining delegates and when we head east -- impossible. Not going to happen.

(END VIDEO CLIP)

BARTIROMO: Joining me right now is Sean Spicer, he's communications director for the Republican National Committee.

Sean, it's good to see you again. Welcome.

SEAN SPICER, REPUBLICAN NATIONAL COMMITTEE COMMUNICATIONS DIRECTOR: Thank you. Good morning, Maria.

BARTIROMO: I want to talk about the possibility of a contested convention.  Would you say more likely than not at this point?

SPICER: I think as each contest goes -- gets under way, unless as you stated, I mean, Ted Cruz needs 88 percent, Donald Trump needs 55 percent of the remaining delegates, we got Wisconsin coming up this week, and then two weeks after that, 95 delegates in New York. As we pass each of these subsequent contests and somebody fails to kind of pick up their requisite number, the odds of that open convention become a little bit higher. Yes.

BARTIROMO: So, how does this work, Sean? I mean, if Trump heads into the convention without that magic number of 1,237, we're told that already, more than 100 delegates are poised to break with him on a second ballot, break against him according to interviews with dozens of delegates. So, in one of the starkest examples of lack of support out of the 168 Republican National Committee members, each of whom doubles as a convention delegate only one publicly supports Trump.

Do you think once they get in the convention and we get to perhaps a second ballot, delegates will start switching their minds because they can?

SPICER: Well, what happens is as you've noted, you need 1,237 delegates to win. Whoever hits that number first becomes our nominee. So, on the first ballot, almost all of the delegates are bound. There are a few states where they are unbound and they're elected to vote their conscience or stated a particular candidate when (INAUDIBLE).

On the second ballot, more of them become unbound. And then on third ballot, but in a state like Florida, they are bound through three ballots.  So, as each ballot goes, you would see less and less unbound. That's where candidates, where the leg work comes in and these candidates need to be working -- you know, the individuals that got elected and start talking about why they are the best candidate and why they deserve their support.

So, this is part of the process. I think each of these campaigns is starting to work that system and learn who the delegates are that are going run and get elected for those slots. But in almost, most of these cases they are elected in the first and second ballot. And that's where I think you're going to see a lot of the campaigns really focus their effort.

BARTIROMO: Which is why right now, you've got the candidates trying to lure as many of those folks that they can because of contested convention is now looking more and more likely.

SPICER: Well, that's right. And again, as you -- we've got right now, we're about 1,600 delegates through the process. We got about 800 left to go. And I think that unless someone blows out in Wisconsin and New York, we're pretty much guaranteed to go to June 7th when you got 303 delegates on the ballot that day. So, this is going to go probably in all likelihood to June 7th and then we'll see if someone has got it.

Now, there's going to be two scenarios. One is somebody is short of the 1,237 but can make that up with the unbound delegates going into Cleveland, or two that no one is going to have that magic number going in, and then we'll go, as you pointed out, to this open convention where we go to -- you know, a first or second round of balloting.

BARTIROMO: We were just speaking with Congressman Peter King from New York and Congressman King said, look, once we get into that contested convention, it's anybody's to lose, anybody's to win. And he basically made a prediction that John Kasich could come out from all the way from behind and actually be quite successful. Is that even possible?

SPICER: Of course, it's possible. I think, again, as I mentioned, where a lot of these campaigns are going to spend a lot of time between now and the convention is having one on one conversations with the individuals that were elected as delegates by the grassroots voters, and try to talk to them about why they should stick with them through multiple rounds of voting.

But, you know, that's going to be where these campaigns really show their depth. I think as Congressman Kasich mentioned, the interesting thing is, on the Democratic side, you are seeing Bernie Sanders really make a play, keeping Hillary Clinton on the ropes.

I think what's going to be really interesting on the other side of the aisle is if the big rumor going on in D.C. among Democrats what happens if Hillary Clinton does get indicted, Bernie Sanders has amassed a pretty substantial amount of Democrats and I know that there's concerns among Democrats that they end up with Bernie Sanders and the super delegates which have sort of already pledged to Hillary Clinton, the unelected super delegate would find a way to draft Joe Biden or somebody else, Elizabeth Warren, or somebody because they know they can't win with Bernie Sanders.

I think if this indictment comes down on Hillary Clinton, you're going to see a lot of concern about what's going on the other side of the aisle.

BARTIROMO: It's really important points because we know the investigation from the FBI is now in its final stages where it may very well include and will include likely an interview with Secretary Clinton. So, we'll see what comes out of that. That's also an open question.

Very quickly here --

SPICER: Right. I know you brought it up in your interview with her.

BARTIROMO: Yes.

SPICER: You brought it up in the interview with her. And I think they are rather dismissive of it. But I think there's a lot of concern among top ranking Democrats in D.C. that this possibility is very real and that would really hamper any idea of them being able to move forward with her as a nominee going out of their convention in Philadelphia.

BARTIROMO: Yes.

SPICER: So, there's a lot of concern on the Democratic side about how they move forward with a Hillary Clinton, how do they get somebody up whether it's Joe Biden or Elizabeth Warren and put them in place and use those unelected super delegates to kind of get around the will of the voters.

BARTIROMO: Yes, absolutely.

Sean, real quick. I know you had a meeting with Donald Trump this week.  All the headlines Donald Trump tries to make nice with the Republican National Committee. Did he tell you he wouldn't go for a third independent party? Was it a good meeting? Was he trying make nice with the RNC?

SPICER: Well, he had a great meeting with the chairman. He talked about the importance of party unity.

Everybody on the party understands this -- that if we don't come out of Cleveland unified, that we -- that that's giving a leg up to the Democrats.  So, a lot of what they are doing right now frankly is posturing, a lot of talk. But every single one of those individual knows that we are going to give the Democrats a huge hand off if we don't come out of Cleveland unified as a party.

So, any talk of a third-party or not supporting each other is I think a lot of bluster right now, a lot of talk. We as a party understand what's at stake.

BARTIROMO: Understood. All right. Sean, great to speak with you, as always. Thanks so much.

SPICER: Thanks, Maria.

BARTIROMO: Sean Spicer there.

The U.S. economy posted a solid gain in jobs last month meanwhile. The unemployment rate however did tick up. What is the true picture of the economy?

Donald Trump predicting recession, we're breaking down the numbers as we look ahead on "Sunday Morning Futures," next.

(COMMERCIAL BREAK)

BARTIROMO: Welcome back.

U.S. employers posted another solid month of hiring last month: 215,000 new jobs were added to the economy in the month of March, fueled by gains in construction, retail and health care. You know, the unemployment rate ticking up to 5 percent last month, largely due to more Americans joining the workforce.

Where are we in this economy and global market?

Joining us right now to talk about it is Mohamed El-Erian, Allianz SE chief economic adviser and former PIMCO CEO.

Mohamed, always wonderful to have you on the program. Welcome.

MOHAMED EL-ERIAN, ALLIANZ SE CHIEF ECONOMIC ADVISER: Thank you, Maria.

BARTIROMO: I think we started the year with, what, the worst performance of any performance, any beginning to the year for the stock market ever.  And in the last couple of months, the recession fears have begun to recede.  We had a big rally in March.

Is all of this warranted? Should we feel better about where things are today, Mohamed?

EL-ERIAN: We should feel a little bit better. The U.S. continues to be a good place -- not a great place but a good place, and you saw that from Friday's employment report, 215,000 jobs created, wages are going up.

China seems to be stabilizing. There are also concerns out there.

So, the major threat isn't really domestic as much as it is what's happening abroad. Keep an eye on Europe. They've got lots of stuff coming this summer. And keep an eye also on China to make sure it can continue to soft-land.

BARTIROMO: Yes, I mean, we're looking at China seemingly beginning to recover. I mean, the emerging markets even had a good performance in the last two months or so and that area of the economy has been under a rock.  To what do you attribute that performance? Is this about oil beginning to stabilize?

EL-ERIAN: It is about oil. It's also because markets that lack liquidity, like emerging markets tend to overshoot on the way down and they tend to overshoot on the way up. So, we overshot on the way down and now, you're seeing the recovery.

And let's not forget central banks continue to support financial markets.  We've got very dovish statements out of the Fed and ECB, the Bank of Japan, and the People's Bank of China have their pedal to the metal when it comes to the stimulus.

BARTIROMO: You know, I'm glad you mentioned Europe, because I wanted to ask you about this report I read earlier and it says that high earners are leaving places like Paris in droves. Ten thousand millionaires and high earners have moved out of the city of Paris because of the extremism and this worry about Islamic extremism.

What's your take on what's going on in the world today as it relates to ISIS, et cetera, and the impact on an economy like Europe?

EL-ERIAN: We are trying to address to the role of non-state actors. You know, in the old days, it was about nation states and when there were conflicts there were conflicts between nation states. Now, the major threat comes from non-state actors, individuals that can cause major disruption. And we as a society are trying to learn how to live with this and how to minimize that risk.

So, you see certain people migrate out of what they view as high-risk areas. But the major thing is we collectively try to contain this risk.

BARTIROMO: Uh-huh. And in terms of the U.S., Mohamed, where is the risk right now? Do you think we'll go into recession this year in '16?

EL-ERIAN: So I put the 2017 probability at 30 percent. That's not the baseline. This year is even lower. We get there one of three ways if we get there and I want to stress if. We get there through a policy mistake, if the Fed ends up making a policy mistake.

We get there through a market accident. Remember markets have priced in much more liquidity than that's available, or we get there if the world goes into recession. I think the combined probability of all these three things is about 30 percent. So, it's not my baseline but it's something to keep an eye on.

BARTIROMO: So, would you investing in the U.S. market right now, Mohamed?

EL-ERIAN: So, I think the U.S. is, by far, the strongest economy in the advanced world. It is also the most stable one all over, including the American world. The problem is that the U.S. has outperformed in a significant manner in recent years.

I think you got to be careful. Unfortunately, this is a market for tactical investors. You've seen we were down 10 percent in February, we are up 10 percent.

BARTIROMO: Right.

EL-ERIAN: So, unfortunately, this is a market where traders are going to find it much easier to make money than long term investors.

BARTIROMO: Yes, certainly has been volatile in the first quarter, that's for sure.

Mohamed, always a pleasure to speak with you. Thanks so much.

EL-ERIAN: Thank you, Maria.

BARTIROMO: Mohamed El-Erian joining us there.

Up next, you know him from "Happy Days" and "Charles in Charge", Scott Baio is with us. He's a Donald Trump supporter. Why is he endorsing him and what does he think of the GOP establishment?

We're looking ahead this morning on "Sunday Morning Futures" with Scott Baio.

(COMMERCIAL BREAK)

BARTIROMO: Welcome back.

Endorsements pouring in for candidates in both parties as the race for the White House heats up, some of them from Hollywood. Donald Trump has quite a diverse cast of celebrity endorsements. Among them, my next guest, actor Scott Baio, star of sitcoms "Happy Days" and "Charles in Charge".

Big fan of yours. Scott, good to see you. Thanks so much for joining us.

SCOTT BAIO, ACTOR/DONALD TRUMP SUPPORTER: Hey, we grew up in the same neighborhood, Maria. This is fantastic for me. Thank you for letting be on.

BARTIROMO: We did. And I love having you.

So, Scott, you know, it's interesting to see the endorsement for Donald Trump. Tell me first what's behind it. Why do you think he's your guy?

BAIO: Well, I like his proposals on reforming the tax code, building the wall, immigration, repealing Obamacare, dropping the corporate tax rate down to bring some of the money back -- that's out of the country back into the country.

I think he's a straight shooter when he talks to me. When he talks, I understand him. It's like the way you and I grew up. It's a very sort of direct language which I don't need a political decoder ring to understand what the guy is saying.

I think most importantly, Maria, for me, and I'm not discounting Ted Cruz or John Kasich, I like them both, but Donald Trump is the only guy I think that has the will and the nerve to attack and to fight and to fight back because we have this mentality -- I don't -- the Republican Party which I try not to associate myself with any more because I think they are very untrustworthy on almost every issue, they -- we always seem to have this mentality, they seem to have this mentality they don't want to get down in the dirt, they want to be above the fray and because they want to be perceived as nice and they get killed.

BARTIROMO: And then nothing gets done.

(CROSSTALK)

BAIO: Sorry?

BARTIROMO: And then nothing gets done.

BAIO: Nothing gets done and they lose elections because they don't want to fight. When you fight, you fight to win. And they don't ever want to fight and I can't understand it.

BARTIROMO: You know, it's interesting because the way you're speaking, you seem to be the exact person -- I mean, that is the mentality of the support behind Donald Trump. You were a conservative or a Republican however you want to say it, but then you became alienated because you were getting rolled over like so many others within the party who felt like they believed the establishment and then they never really saw anything impact their lives that they thought they were going to see.

BAIO: Right. Maria I consider myself a conservative independent now.

BARTIROMO: Yes.

BAIO: Listen, by their own doing. "Give us the House so we can stop certain things." OK, in 2010, they get the House. "Well, we really need the Senate and we'll stop everything." And we give them the Senate.  Nothing.

BARTIROMO: Yes.

BAIO: And not only -- not only nothing, but they just roll over and go along with the entire program of the Obama administration. And, what's the point? What's the point of having an election? What's the point in saying something and doing a complete 180 on it?

I know what the point is. But that's what they do. They do complete 180s.

BARTIROMO: How much of this do you think is because of President Obama, though? Because when you consider the fact that when he first came into office, he had both houses. And during that time he pushed through Obamacare, he pushed through things through executive power, and Republicans, even though they talked about fighting back, fighting back, they really didn't have any leverage in that moment in time.

But you're right when they -- when they got the House, you thought that a lot of things would change. You thought at least bills would get to the president's desk and they didn't.

BAIO: So, do I blame Obama? No. I don't blame Obama. Obama is doing -- in my opinion, Obama is one of the most successful presidents we've ever had. I don't agree with him.

BARTIROMO: He's doing what he said he would do.

BAIO: Right. And the Republicans job as the party that can fight him on it didn't want to fight him on anything. So, I don't blame Obama.

BARTIROMO: Yes.

BAIO: I don't agree with anything the guy does. But the Republicans had every opportunity to stop him, and just laid down.

BARTIROMO: Yes. And I think you make some great points.

You know, the truth is that the Republican Party is going through either a revolution or about to go through a revolution. Do you think they can get that leadership back? Can they get a Scott Baio back into their corner?  You know, how do they do that?

BAIO: It's so easy. Do what you say you're going to do. Stand up for conservative principles. Fight for them. Go after people for them.

I mean, this is -- this is the country.

BARTIROMO: Yes.

BAIO: This is the country that we grew up in. Now, there are certain traditions that I hold dear and certain values that I cherish and they are being eroded every day. And it doesn't seem -- it seems their lives are fine in Washington.

And I've got a lot of friends of mine who are not in the entertainment business who are hurting a little bit, and don't understand why the erosion of traditional values in this country just happen second by second and nobody seems to care and the Republican Party -- forget policy. Policy is a whole other issue. They don't -- we're going to stop ObamaCare. They fund it. We're going to stop the executive amnesty, and they give it money.

BARTIROMO: Yes.

BAIO: It's just one thing after another. To get me back, you got to be a man and do what you say you're going to do, or a woman, whatever.

BARTIROMO: We just saw that with the omnibus, right?

BAIO: The omnibus.

BARTIROMO: So many things in that most recent budget people thought that Republicans got rolled over. Let me ask you this. I mean, you know --

BAIO: Thought they got? They get rolled on everything, every single issue they get rolled.

BARTIROMO: It's unfortunate. That is what created, you know, the support for Donald Trump. I totally agree.

So, does it bother you that he may not have the substance on foreign policy? I mean, I don't know because we don't hear him talk about it. It doesn't bother you that he doesn't have true conservative down to the bone conservative principles like, for example, the Planned Parenthood situation.

I mean, it sounds like what's most important to you is tax reform which I agree is a huge thing if they could get that done. That would be a huge impact to the economy.

BAIO: The only person I agree with 100 percent on everything is me.

BARTIROMO: Yes.

BAIO: And I'm not running for president. So, nobody is perfect except for me and my beliefs.

(LAUGHTER)

BAIO: But, yes. There's certain give and take. Is he a conservative on foreign policy? I think he's a friend to Israel, which I like.

BARTIROMO: I like it too. Yes, you're right. That's true.

BAIO: Foreign policy -- now, listen, you want to have this conversation?  Did Obama know foreign policy? Who know -- foreign policy, you get the best minds in there and then at the end of the day you do what you think is right. You don't bow to the will of advisers and the people in the country.

If it's something you want to do and you think it's right and it's a conservative position, in my opinion, you go for it. I mean, that's what Reagan did.

I mean, you remember the story, Reagan fired all the air traffic controllers. Nobody wanted to do that. But he was a man and he did it.  And it was a huge move for him.

BARTIROMO: Yes, it's a great point.

So, does it upset you we may go into a contested convention or do you think Trump will get the delegates necessary?

BAIO: I'm sure they will screw it up somehow. I'm sure they will do something to piss everybody off. I'm pretty much -- I bet the farm on it.

I don't know how the rules work. I'm sure they will change the rules. I just read an article where they are thinking of changing the rules now.  So, a contested convention? I -- I don't know.

BARTIROMO: Good to talk with you, sir.

BAIO: A pleasure, Maria.

BARTIROMO: We got to get together when you come back to New York. So funny we grew up blocks away from each other.

BAIO: Absolutely. I look forward to it.

BARTIROMO: Me too. I'll see you soon.

Scott Baio joining us right there.

BAIO: Goodbye. Thank you.

BARTIROMO: Let's get a look on what's coming up on "MediaBuzz" top of the hour. Howie Kurtz right now in Washington.

Hey, Howie. Good morning.

HOWARD KURTZ, HOST, "MEDIABUZZ": Hey, Maria. Good interview.

We'll look at how the media are savaging Donald Trump this week, portraying him as hostile to women, based in part on self-inflicted wounds, particularly his statements on abortion and two different interviews.

Also when I was in New York this week and had a chance to be on your Fox Business show, I sat down with the ladies about number. Andrea Tantaros, Sandra Smith, Kennedy, Meghan McCain. After the show, we talked about the way the media are covering the campaign. It seems at times to go into the gutter. You'll see that coming up as well.

BARTIROMO: I hope, Howie, you're is going to get into how the president of France, Hollande's speech was edited and they took out the word "Islamic terrorism". I was thinking about you after that, because I thought, this is something that I bet Howie wants to talk about.

KURTZ: That was really something.

BARTIROMO: We'll see you in 20 minutes, Howie. Thanks so much.

A mountain of red ink, could it disappear? Donald Trump says he has the chops to whittle down the $19 trillion debt down to zero within the next eight years. Our panel will look at that on SUNDAY MORNING FUTURES, next.

(COMMERCIAL BREAK)

BARTIROMO: OK. Imagine this: America's $19 trillion debt wiped out in eight years. Well, Donald Trump says that could happen if he is president.  In an interview with "The Washington Post", Trump said the key to do it is by renegotiating trade deals.

I want to bring in our panel on that. Ed Rollins is former principal White House adviser to President Reagan and a FOX News political analyst. Scott Brown is with us this morning, a former Massachusetts senator, FOX News contributor and a Donald Trump supporter. Jon Hilsenrath is with us here on set, chief economics correspondent with "The Wall Street Journal", and a FOX Business contributor.

Gentlemen, good to see you all. Thank you so much for joining us.

ED ROLLINS, FOX NEWS POLITICAL ANALYST: Great to be here.

BARTIROMO: Is this mathematically possible? Jon, kick us off. You're the economy expert.

JON HILSENRATH, CHIEF ECONOMICS CORRESPONDENT, WSJ: Well, it's not mathematically possible if you just go on tax revenues and spending, but it is possible in Donald Trump's mind at least if you renegotiate the debt.  Now, he's talking about renegotiating trade deals. The only way to get rid of the debt is to go to the people who own the bonds and try to renegotiate these deals. That's what Donald Trump did when he was running casinos. I don't think you can do it with the United States of America.

BARTIROMO: Yes. Scott, I mean, you are really going to have to put a clamp on spending to really get your arms around that $19 trillion debt.  How do we do that when we know his tax plan is going to be lowering taxes?

SCOTT BROWN, FOX NEWS CONTRIBUTOR: Well, first of all, you don't continue along the path we've had for the last 20, 30, 40 years and one of the reasons I ultimately support him because I believe he'll bring in brilliant people to actually address this very issue. So, you're looking at renegotiating our debt, you're looking at efficiencies, you're looking at obviously stimulating the economy. I think it's a combination approach.

Will it to be done in eight years? Probably not. But at least we're looking at it I hope a little bit differently than we've looked at it in the past.

BARTIROMO: I have to say, I think it's important that he's even talking about it.

BROWN: I think it's one of the -- Maria, if I may, I don't want to interrupt Ed, but I think it's one of the top if not the top issues affecting our national security is our debt and deficit.

BARTIROMO: And people are not talking about it, Ed.

ROLLINS: Well, I think that in a sense as far as I think Trump has had the worst week he's had of his campaign. He's had three different positions on abortion. He's had -- obviously, he's talked about ridding NATO, getting rid of U.N., letting North Korea have nuclear weapons, or not rolling a war with Japan, all kinds of silly things.

I would agree with the senator who is an extraordinary advisor to him is you need a bunch more people. Before you put these kinds of issues out, there you have to have somebody give you sound advice both in foreign policy affairs and economic affairs. He thinks he knows everything there is to know about everything and he doesn't.

You can't get rid of $20 trillion in debt with the present revenue. You somehow you're going to grow the economy. You don't want to raise taxes.  Entitlement is a massive problem. He doesn't have any entitlement reform.

So, my sense is it's a talking point, like a lot of things this week, he has to settle down. People look at him far differently than they were a couple of weeks ago. And he may be the nominee and if he's the nominee, he's got to start being smart about the things --

HILSENRATH: Maria, can I say something?

BARTIROMO: Yes.

HILSENRATH: One other thing. Mr. Trump is saying he wants to make America great again. Countries that renegotiate debt, we're talking about countries like Greece and Argentina. Those are not countries that are great.

When you are renegotiating your debt, whatever the amount is, that's a sign of inherent weakness and trouble. And, you know, or you look at casinos in Atlantic City that renegotiate debt. That's not what you do when you're in a position of strength.

BARTIROMO: You're an adviser to Trump, Senator. And I want to ask you about that. What kind of advice do you give him about just the way he responds to questions? I mean, it's -- for me it's less about the specifics of his answer and more about this idea that it's reckless to just say anything that's not thought out like the comments we heard this week about abortion.

There's a reason he's lagging the other guys when it comes to the women vote right now. We're going to show you the polls.

BROWN: Don't forget that John Kasich's numbers aren't good with women either and neither is Ted Cruz. So, there's definitely a gap within the Republican Party, and the negativism on all the candidates are exceedingly high during this amazingly difficult campaign period.

To kind of answer your question, what do I do? I tell him like his wife says, I said, start acting more presidential.

BARTIROMO: How does he act?

BROWN: You know, he's going to do what he's going to do. I'm hopeful.  Sometimes I see signs. Other times, I don't. But here's the thing to parlay off what --

BARTIROMO: Ed and Sean (ph), yes.

BROWN: I think he said. We need to look a little differently at the way we're doing business, Maria. We're not actually getting business done.  So, I want somebody to go in there and look at I want differently.

Is it renegotiating debt? Sure. That's one tool in the tool box. Is it looking at efficiency? Sure. Are there fraud, waste, abuse? Yes, that's another one.

Is it looking at restructuring our tax code? Absolutely. All these things that ultimately will hopefully give us a better way to handle our debt and deficit. It's a no-brainer.

ROLLINS: You can never get entitlement reform.

BROWN: Absolutely. We got to look at military spending, entitlement reform, and there are ways to do it, and I'm hopeful he'll get brilliant people around him like Ed and others to do that.

HILSENRATH: Oh, he listens to them?

BARTIROMO: Ted Cruz, you think he's got a shot to take Wisconsin, right?

ROLLINS: He's going to do very well in Wisconsin. He may win the whole ball game in Wisconsin. You know, then you go to New York which Trump will do well. Trump is not done yet. He's got to win about 60 percent of the delegates the rest of the way.

We're going to have a contested primary, convention at this point in time.  But the fundamental problem, we're not going to be viable is if we don't get women to come back. As you have said, part of it has been Trump. I think part it has been tone of the election.

But if we don't get 90 percent Republican support or plus, then you can't do that when 47 percent of the Republican women say they will never vote for Trump. If you don't have that as your base, you can't possibly buy it.

BARTIROMO: And that's exactly where Hillary Clinton comes in. She's all over this. It's getting heated between Clinton and Bernie Sanders. Will they or won't they debate ahead of the New York primary? That's next with our panel.

We'll take the other side on "Sunday Morning Futures," next.

(COMMERCIAL BREAK)

BARTIROMO: Welcome back.

A new dispute now between the Democratic candidates. Hillary Clinton and Senator Bernie Sanders trading a few jabs just ahead of the critical primary of New York. At issue: when to debate? Is New York up for grabs?

The panel is back.

What do you expect out of New York, Ed Rollins?

ROLLINS: I think they'll debate. I think that she's in real trouble in the state. I predict she's going to win the state at the end of the day.  It's her state. If she loses, it's a gigantic hole in her side.

But at the end of the day, she's struggling. She's having a hard time getting the delegates that she needs or creating any kind of momentum.

BARTIROMO: Actually, it is extraordinary how much she is struggling, Scott.

BROWN: Well, she was the anointed one. And as a result of what Bernie has been talking about, you know, really tapping into that anger on the left, you see now that they -- in retrospect, Wasserman Schultz scheduling all the debates at midnight on a Sunday, no one is watching. Well, it's coming back to roost and she wants debates because she's in trouble in New York.

And it's funny listening to Bernie, I served with him for three years. He is part of the problem. He is the establishment. He's been there when they were in charge.

And all the stuff he's talking about, did he nothing. Yet, he's the outsider. I find it fascinating, on left as find it fascinating on the right as well.

BARTIROMO: It's pretty extraordinary that Bernie is beating him.

HILSENRATH: I think her problem isn't Bernie Sanders. It's the investigations into what was inside her server at home and what she was hiding.

BARTIROMO: Yes, because now, we're in the final stages of that investigation. They're going to be interviewing her shortly.

ROLLINS: Well, the fact FBI director himself is going to investigate her, as a former deputy A.G. of the country, former prosecuting attorney, he lived with this every single day. He knows every single answer. He knows every single he said. I think that's a gigantic -- and he basically can walk on and say she perjured herself or she didn't perjure himself.

BROWN: That's what's at stake. They already have the answers to the questions they're going to ask. And she's been all over the place many -- publicly and I'm presuming privately, dealing with this whole issue. And so, he already knows the answers. He's waiting for her to basically perjure herself or not, as Ed reference.

BARTIROMO: What do you think she's going to do? What's plan B? Biden?

ROLLINS: I don't think there is a plan B. I think --

BARTIROMO: Or Bernie Sanders?

ROLLINS: No, it can't be Bernie Sanders, they'll lose for sure. But the reality is they're going to fight to keep her and I think, unless she has a really bad run here, which she could possibly --

BROWN: She's had a bad run.

ROLLINS: I know, if she continues and you see the super delegates jump away.

BARTIROMO: Real quick, we get the Fed minutes next week, Jon. What are we going to learn from that?

HILSENRATH: It's a green signal to the financial markets. The Fed is going to raise rates very, very slowly. And the markets like that. We've seen that in the last couple weeks.

BARTIROMO: So, it should be a positive for markets if hear that --

HILSENRATH: That's what I expect.

BARTIROMO: -- on Wednesday.

OK. We'll take a short. Still to come, the one thing to watch for the week ahead on "Sunday Morning Futures" from our panel.

(COMMERCIAL BREAK)

BARTIROMO: Welcome back.

Our panel is watching obviously the Wisconsin primary on Tuesday. Also, a big Fed meeting, a lot of former president there and you're watching the town hall.

ROLLINS: I'm watching the town hall meeting to see if Trump recover from a bad week.

BARTIROMO: Are you going to be Trump's vice president, Scott Brown?

BROWN: Highly unlikely. I'm certainly happy to help get any Republican in the White House whomever that nominee is. I'm with them 100 percent. I'm hopeful that people listening will do the same.

BARTIROMO: All right.

BROWN: Great choice.

BARTIROMO: Good to have everybody with me. I'll see you tomorrow.

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