joining me now to discuss the political situation in turkey is james jeffrey. mr. ambassador, it's a pleasure to have you with us. what is you're assessment inside turkey? >> first of all, i think you got an excellent report with right on the spot analysis from your reporter from istanbul. he got the basics absolutely correctly. what i would like to emphasize is the fact that the military even issued a statement, forced to withdraw from politics is significant in and of itself. sixly the fact that one of the supreme courts or several of them in occur at this issued this statement that basically rescinded prime minister's erdogan's order that the police and prosecutors would have to be under their political control is another very important and dramatic development. essentially what is happening all over turkey people are beg beginning to question the amassing of power by the akp government, that's the party that prime ministerre prime minn heads, and how that power is being used. >> how much of a threat is prime minister erdogan under right now? >> he's under absol

james jeffrey was us ambassador to iraq in two thousand tend to two thousand twelve. what we're seeing is a rise in violence almost completely caused by the growth of al qaeda spurred by two new developments that all of the number one is the most important situation in syria two raging across the border the iraqi factions al qaeda has allied itself with its radical sunni counterpart in syria expanding its reach the second development is the increasing dissatisfaction of iraq's sunni minority. they have long complained that the shia led government as marginalize them and targeted them for arrest. the flashpoint came in april when iraqi security forces conducted a deadly raid on the cd protest camp in how we judge a town north of baghdad al qaeda responded with a relentless campaign of bombings across the country targeting both shiites and other sunnis believe to be cooperating with the government. it was two years ago this week when us troops withdrew from iraq after nearly nine years of war at that time of qaeda's influence had been greatly diminished. they did not ha

here to weigh in is james jeffrey a former ambassador for turkey and visiting fellow at the washington institute. he's in washington d.c. >> good morning. >> the prime minister attended a rally of supporters, essentially blaming the investigation on a foreign plot. could this be a diversion? >> of course it is. these corruption scandals cannot be questioned in the sense that there's absolute evidence that a great deal has happened and the police and the judiciary are trying to get to the other part of it. recep tayyip erdogan on the one side and a cleric, fethullah gelun, an recep tayyip erdogan supporter until recently. this is more than a struggle within the party, it's a struggle for democracy in turkey. >> that is big. let's talk about your background. there were reports suggesting turkey wanted to expel the american ambassador over this very investigation. so has the former ambassador to turkey, how do you imagine we got to this point? >> we got to this point because you have power on the part of the the ak party, the party that recep tayyip erdogan leads. with that growth and pow

to talk about that we are joined by jeffrey, editor at large of "time" magazine. james, who wrote atlantic cover story of 50 greatest inventions since it is wheel. the culture correspondent for national public radio and senior editor in charge of technology coverage for scientific american. great to have you with us. happy new year to all of you. let me start with you, jeffrey, go around this way. technology, human privacy, individual privacy, how are they aligned, how are they raising concerns, separate from what the government does but private companies can do, how they gather data track us in almost every movement we make. >> well, it's a question actually i used to ask when i was in law school. i am a lapsed lawyer, i never practiced. back then i think i saw myself as constitutional absolutist and idealist as all law students are. if you told me tea bout internet, told me about post 9/11 surveillance i would have said this is unacceptable. we've lived through 9/11. we now know something about the internet and we know a few things that we didn't know then. we know th

we have jeffrey lacker and james bullard and richard fisher. just a few earnings reports. pep boys and the ski resort operator vail resorts. made me think it's time to go skiing. >>> u.s. futures right now, they are predicting a slightly higher start. we snapped eight weeks of gains last week for the s&p and the dow. a strong finish on friday, the dow up 1.2%. the s&p up 1.8%. the dow is above 5 points. the nasdaq six points above fair value. it was just about positive on friday. >>> still to come, cleared for takeoff. american airlines and u.s. airways move one step closer to their megamerger. we'll look at what's soet to become the world's biggest carrier. hi honey, did you get the toaster cozy? yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. every weekend worked, every idea sold... ♪ you deserve a cadillac, the fastest growing full-line luxury brand i

joining us, drew mattes, deputy chief economist at ubs and jeffrey stout, chief investment strategist at raymond jamesorida. i want to start just because i'm interested, jeff, in where stocks go from here and what you're thinking about 2014. because we've been saying, you know, you have a huge year. some people think, wow, i can't do that until next year. but we've made the point that sometimes the positive factors that cause a big gain one year, that's something that has a chance of continuing. is that what you think? >> yeah, that's what i think, joe. i think a lot of people that are involved in equity markets right now have never seen a secular bull market. the 82 to 1999 or 2000 affair. they think you buy stocks to trade them in a month, two months, three months rather than hold a good group of assets over the long cycle. i think the odds are high that we're in a new secular bull market and i think it continues into next year. if we trade at just 16.4 times, which is what we're trading at now on this year's bottom up operating earnings, if we trade at that multiple with no expansion in the pe mult

james bullard, currently head of the st. louis federal reserve. he is currently a voting member of fomc. he called for a small taper today. we heard from a third bank president, jeffreyr of richmond. and he said, he also wants to, he is another inflation hawk. as opposed qe. he wants to start tapering as soon as possible as well. but he isn't a voting member for two years so, that is the latest. wait, we'll see if next week they start. tracy: certainly will. peter barnes, thank you so much for that. we'll have full coverage of the fed meeting next wednesday, right here, two p.m. this is big one this time. people are waiting to hear. adam: get ready for janet yellen. tracy: talk about taxing times? time is running out. you don't have much time left to make changes to your tax bill for 2013. gerri willis is here next with money-saving advice. adam: bloody riots between rival soccer fans in brazil resulted in people being airlifted from the stadium. that story is ahead in your fox news minute. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to americ bp supports nearly 250,000 bs here. through all of ou