Kay Bailey Hutchison, former US Ambassador to NATO, talks about European nations warning Russia that they will shoot down Russian jets if they incur violations of their airspace. Hutchison states it is time for Europe to "get very serious with Russia," and shares her thoughts on how Russian President Vladimir Putin will respond to these warnings. She also talks about President Trump's support for Ukraine and how additional sanctions will impact the Russian economy. She speaks with Joe Mathieu and Kate Davidson on the late edition of Bloomberg's "Balance of Power."