new intraday, all-time record highs for the s&p. that is the broader stock market for the united states. and a close there would be the closing all-time high, so something to watch as we work through the trading day. it is now time for stuart varney and "varney & company." stuart: sandra, thanks very much, indeed, and good morning everyone. warren buff be fete is helping burger king leave america. yes, the man who wants rich people to pay more in tax is helping an american company flee those taxes. yes. president obama's biggest corporate supporter appears to have jumped ship on the corporate story. burger king buys canada's tim or hourtops and moves to canada. buffett helps push bk over that border. remember, please, president obama calls these companies corporate deserters. he says they're unpatriotic. democrat senator sherrod brown calls for a bk boycott. there are the deal is done.

bk has left for canada's lower taxes. when warren buffett helps 'em go, you know the president's in trouble. ♪ ♪ ♪ ♪ stuart: it's official, the deal can has been done, and both stocks -- burger king and tim hortons -- well, burger king was up on the news, now it's down a fraction, hortons going up six points higher, and karl rove is here. >> thanks for having me. stuart: you heard my opening there. i think that this is a challenge, a challenge from warren buffett to president obama. because he's not happy with the corporate tax rate structure in the united states, and i think warren buffett wants change. is he going to get it? >> no. not unless the republicans take the senate and the president has a different attitude about corporate taxation. but it is a sign of how powerful the disincentive is of our

current corporate tax structure. sherrod brown, i thought that senator brown from ohio, remember, wendy's at one time owned tim horton. stuart: that's right. >> and divested themselves of it was it turned -- because it turned out to be a bad match, but it's a better match with burger king which has much more international exposure. stuart: but do you think i've got a point here, that the president is in trouble? his principal corporate southerner, warren buffett -- >> yeah. stuart: -- helped bk flee. >> yeah. the relationship between buffett and obama has largely been overstated. obama kept referring to buffett as a strong supporter. i happened to be in the office of a friend of buffett's who called him up to say this guy, obama, came to see me. what -- he says you're his go-to guy on the economic issue, and buffett said, i've met him once. so i think it's thousand going to come back to -- now going to come back to haunt the president. it worked to his advantage when

he needed higher taxes, it's not going to when buffett makes a solid economic decision. burger king is buying tim horton and moving its headquarters to canada than it is to remain in the united states. stuart: what's your -- you mentioned the the republicans may be retaking the senate. what's your sense of the odds now? how many seats might they win? >> well, "the washington post" has it as 61% likelihood that the republicans will take the senate, and "the new york times" has an 86% likelihood. stuart: 86 from the times? >> yeah. "the new york times." i tend tock a little bit closer to "the washington post" than "the new york times", but it's going to be very close. these races are going to be settled by a relatively small number of votes and a relatively small percentage. but if it does happen, my sense is orrin hatch is the new finance committee chairman, would like to do tax reform, and who's the new chairman of the house ways and means committee? if it's paul ryan, then we could see a very robust tax reform

initiative come out of the house and the senate together and perhaps presented to president obama to sign or veto. stuart: now, that's tax reform in a very, very broad context, according to the republicans which is tax rate cuts. it's not the harry reid version, tax reform is a trillion dollar tax increase. >> no, that's right. it's revenue neutral aimed at engendering economic growth over the long haul. it also will be have the united states join the rest of the industrialized countries in the world and have a territorial tax system that does not tax american corporate profits twice. once when they're made abroad and once when they're brought back to the united states. stuart: but that's a huge fight with the president. tax reform goes to a republican house and republican senate and reaches his desk, what's he going to do? >> well, that's going to be a big test. it's important because if we use as paul ryan has suggested and as other than hatch has shown a -- orrin hatch has shown a willingness to score even if

it's revenue neutral in year one, by spurring higher rates of economic growth, it'll more than pay for itself and bring in some additional revenue for the government. if barack obama is smart, he would go for exactly this kind of tax reform. stuart: okay. now, in the next hour president obama is going to address the american legion. we hear he's going to address them on foreign policy, make some mention of that. do you think he's going to launch an all-out attack on isis? >> i hope he does, i don't think he will. but i do think he will continue to do things like they're doing now which are useful but not dispositive in destroying isis and removing the threat that it represents. stuart: he's under a lot of pressure. >> he is. but, you know, we've had mixed signals. last tuesday, week ago tomorrow, secretary of state john kerry went out and said we must crush isis, we must destroy them. on thursday we had that news conference with hagel and dempsey in which the secretary

of defense says this is worse than anything we've ever seen before, worse than al-qaeda. and we had dempsey say if we're going to destroy it, we have to go to syria. and then we saw him walk it back yesterday. we saw ben rhodes, the deputy national security adviser -- he's not a foreign policy expert, but it's an insight into the president's mind normally -- he came out and said we need to do something about it, and, again, dempsey walking back yesterday. this is the mystifying sort of morass. you'd normally think when the secretary of state, secretary of defense and the deputy national security adviser and the chairman of the joint chiefs say we're going to direction, they'd go that way, but it's not so. stuart: i think we're in great jeopardy. >> the pew charitable trust show that support is growing for the use of these strikes against the bad guys. washington post, abc, i may be off a little bit, it was 45 support, 46 oppose in june.

in august it was 54-39. stuart: that's right. it's turned. we'll know in about an hour and a half, i think. karl rove, thanks very much for joining us. let's get to the market because we've got another rally, yes, indeed. another 71 points, now the dow is well above 17,100. now look, please, at the s&p 500. back firm -- well, firmly, 2,004, that's where it is, okay? in the seen that before. the the price of gold is moving higher, $4 -- it's not exactly a rally -- and the price of oil still well below $100 a barrel, 94 to be precise. now, the key for a couple of weeks, 2.83%. historically that is a very low level. check out amazon. it is buying a video streaming company called twitch. for a billion dollars. now, people use twitch to watch other people play video games. yes, you heard me right. charles is with me.

you share my surprise, $970 million for a company which has 170 employees and allows people to watch other people playing video games? >> i'm surprised they got it so cheap. stuart: well, doesn't -- wait, wait. [laughter] destroying the premise of my statement. >> i apologize. i want to go with you, you though i do, but i think they got it cheap. they are so out ahead of the curve in this. they've been interested in twitch before. stuart: doesn't this remind you a little bit of the dot.coms of the 1990s which acquired enormous value on very little strength, very little underpinnings at all? >> a lot of -- stuart: to watch other people lay video games? >> i know. turn on your tv. what does cbs i allow you to do? watch people talk. a lot of people are watching these kids. 60% of gaming now is social gaming. i think they've got themselves a winner here. this is not some idea on the

back of a napkin that was written up on wednesday and ipo'd friday. i wanted to go with you. [laughter] stuart: jo ling kent's with me. why is this company worth $970 million? go. >> think about this, 55 million users last month, in the month of july. this company's less than three years old. this is a way for people in the gaming community who like to share what they've accomplished, be it on call or duty or another game, to show what they can do with people who also like to game. this is one million people broadcasting what they've been doing whether they're killing or racing or whatever. think about it, stuart. this is billions of minutes on this platform. this is why amazon wants it and why it may seem to be a reasonable price is because amazon wants to compete in gaming. you have to remember they bought double helix not too long ago, fire tv. stuart i stuart gaming? is it that big? >> gaming is a huge, monetize bl platform be it on your phone or a play state or an x box or on a

fire tv. there is a lot of potential here. and it's not just potential that's potential, it's proven that there are a lot of users out there, so this is something that -- and going back to the dot.com bubble thing, we are in the internet of things where people are actively participating in these types of products. this isn't wishful thinking anymore. >> right. i just think -- stuart: showing my age. >> i was going to say, you'd probably feel much better if you knew they had a solitary context. stuart: oh, shut up. [laughter] 43% of live streaming is done on twitch. 43% of live of streaming. not netflix which is all on tape sort of stuff -- >> it's just behind netflix, google, it's the fourth biggest streamer in the world of contempt. so we're talking about -- content. we're talking about a place where there are a lot of eyeballs. stuart: fair point. the market is with you. it takes your point because amazon's up $7 a share at the

moment. maybe they're going to threaten google or whatever. >> and this is a big competition. google and yahoo! lost out on this. stuart: kent, we like you youngsters to visionen us out. >> well, varney, always good to be here. [laughter] stuart: nicole, best buy stock is down. are there fewer store visits, is that snit. >> indeed, there was a drop in traffic. remember, everybody used to shop around and shop online, i think they're still shopping online, but they stopped shopping around altogether. people are shopping on line. the margins have been weaker, people are buying a lot more -- the high sales are in those margins that weren't too great for best buy. so overall they saw weakness, too, in the mobile phone sales, tvs, desktop computers. overall, it was a tough are -- tough revenue drop. stock down 5% today, so get back to those consumer electronics,

give best buy a little push, you know, i don't know. [laughter] stuart: thanks, nicole. bad news for mcdonald's, millennials are turning their back on that fast food chain. apparently, they're going to healthier, higher quality restaurants instead. higher prices that they've got to pay. up next, john tapper. prominent name in the food and drink business. he's going to tell us what mcdonald's is doing wrong and how hi hen y'alls are change -- millennials are changing the food business. first, though, breaking bad has been off the air for about a year, but it brought in five awards including best actor, and the award for outstanding drama went to it as well. perhaps most memorable last night, billy crystal's tribute to his friend, robin williams. roll tape. >> he was the greatest friend you could ever imagine; supportive, protective, loving. it's very hard to talk about him in the past because he was so present in all of our lives.

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is a new high for the dow, 1,150, we're -- 17,150, we're up again today. higher numbers at dsw, and it raised its forecast. that's good for a near 10% gain. look at it go. amc, breaking bad dominated the emmys. the spin starts in february. amc up -- but not by much despite the performance last night. no statues for any netflix shows. house of cards shut out. still close to the high on netflix, 478. look at this -- [laughter] please, look at this. this is the meat mountain sand witch, reportedly in the works at arby's. it contains eight different types of meat between two buns, costs around $8. charles payne, let's deal with this quickly. [laughter] we're pulling out. the camera's gradually showing all of it. you eat that? >> no. that is an absolute monstrosity. stuart: why are they doing it?

>> you know what? despite all the talk of healthy, there's still a large component of people that will eat that kind of stuff, and they love it. i think that's an addressable audience -- stuart: of course, you know what i'd do can. i'd buy it, but i'd split it between myself and three kids at $2.50 a meal. >> and for three days. [laughter] stuart: he's right. thank you, charles. fast food is, indeed, losing out to fast casual. we brought you the numbers showing fewer young people eating at mcdonald's, opting instead for healthier options, chipotle, for example. one guy that knows the industry better than anyone else, jon taffer, he's again our guest this tuesday morning. welcome back. >> good to be back, sir. stuart: millennials are changing everything; entertainment, technology and food. they really are changing what they eat, respect they? >> you know, this is dynamic to their food of brand associations

today. look at the hamburger. you can't even dress the hamburger in traditional senses. the most traditional of american foods. hot dogs, you're dressing them in innovative ways. it's about the next creation, the next brand. look at a sonic, 25 types of shakes and how that's driving their business. stuart: but they want health too. they want to know that this thing is going to be healthy for them. >> they do, but a huge percentage have beef every day with lunch. stuart: is that bad? >> no. but that isn't necessarily a healthy choice. look at how many hamburgers are sold for lunch every day. that's not necessarily a healthy choice, and it's interesting, charles was with talking about those meaty sand witches. 30% of guests in an environment will upgrade to a larger steak, if you have it. 30%. those are the stats. so 30% of those consumers are interest inside that upsize, beefy, larger sandwich. stuart: we're a financial program, so we follow the stock price of a chipotle very, very carefully, the bread company as

well. they've gone straight up because they're healthier or perceived to be healthier, but they're getting a with bigger average check out of each customer. the millennials are willing to pay. >> they are willing to pay. and then you look at what fresh is, though, fresh is a marketing term today, stuart. stuart: yeah? >> look at a subway, advertised as fresh. but yet the meats they slice and put on that sandwich, you couldn't call those fresh. chickens that come out of the bags -- [laughter] they're chopped and -- you can't call that fresh. >> but they do can. >> but they do. fresh has almost become more of a marketing term and an illusion. you take a piece of processed meat that's been through six factories, you throw lettuce on it, bake the bread fresh and say it's fresh. stuart: so are you saying you can fool these millennials? >> certainly. through brand associations, colors, logos. they're dynamic. they're used to reacting to visuals. stuart: is that what the old line restaurants should do, i

mean, the old line guys with the stable hamburger, they should just freshen up their marketing? freshen it up? >> well, you're simplifying it, but there's a lot of elements to freshening up, you bet. take a look at when the dorito taco was introduced at taco bell. one item can change the entire projectile of one of these companies. stuart: true. >> product innovation is a good beginning, contemporary environments is a great next step and the right marketing messages. stuart: okay. >> companies like mcdonald's are getting too stuck in tradition sometimes. stuart: i want your take, if i may, on the earthquake in wine country around napa. to us, i think it would be accuracy to say there's millions of dollars in losses. it's not a financial story to. to us, this is a real tragedy. it's a really high-end wine that has been lost. >> and they're labors of love. it's almost like a work of art. these are special harvests from a special season, and they're lost forever, so it is a tragedy. stuart: okay.

jon taffer, is your show on? >> sunday nights, 9:00. the last hungry investor ends sunday, we're off for labor day weekend. bar rescue, i'm in the middle of my fifth episode of 30 more, and that starts, i believe, october 5th. stuart: do you know why it's a success? >> why? stuart: because you bring the attention to you. you are aersalty, and you know what you're doing. >> well, i'm loud. stuart: yeah. [laughter] that too. >> i force you to listen. stuart: yes, you do. i've watched. you scream at 'em. >> well, sometimes i have to. i'm trying to save their lives. stuart: the other day i saw you were really going after some young lady who had actually touched with her hands some chicken on the grill. scheming at her! >> well, my daughter was sitting outside in that bar about to eat that raw chicken. would you let yours? stuart: probably, yes. [laughter] >> i have no choice. i'm trying to save their lives in spite of them sometimes.

stuart: do they take it? do they take the advice? they volunteer to be on the show. they take your abuse? >> we're tracking about an 84% success ratio. and i'm told we have the highest numbers of any transformational show on tv, i'm told. when you consider the financial hole and destitute situation some of these owners are in when i get there, there's pretty good stats. stuart: idea. always a pleasure. good luck. next, the department of justice, their lawyers say those missing lois lerner e-mails actually probably do exist, but finding them is too much of a hassle. maybe our hacker friend, david kennedy, could help. >> you know, a hard drive crash on a national computer shouldn't have any kind of impact on the ability to recover e-mails. we have these pieces of equipment, and in the case of the irs, they have over a $2 billion budget for only 90,000 employees.

when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well:

jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.

stuart: the drug maker kite pharmaceuticals, actually, i think it's kite pharma, is up 16%. a bombshell from judicial watch on the missing lois lerner e-mails. it says department of justice

attorneys suggested the e-mails do exist on a hard drive somewhere, but the doj says it's too difficult to retrieve them. what? let's bring in judicial watch president tom fenton. i don't get this, sir, i really don't get this. this is a very important bunch of e-mails that could show whether or not the president or his campaign to reelect him interfered in a presidential election x. the doj says too hard to go get 'em? i don't get this. >> it's really incredible. we asked for lois lerner's e-mails, obviously, and a bunch of other e-mails and documents about the irs abuse you're talking about. they started producing the documents, they didn't tell us or the court about the missing e-mails. we brought them into court over this, they provided sworn declarations to the court, and then we typed out on friday from attorneys representing the irs that there are backup systems in

case of catastrophe, and the e-mails likely exist there. but to get them might be too onerous. stuart: so what are you going to do? >> well, we're obviously going to have to seek relief from the court. i don't think that's a credible argument. it's the first time we've learned of that type of backup system, and to me, it's a remarkable revelation, and it show that is the obama administration's essentially been lying to the american people since this lois lerner e-mail flap emerged, that they don't have any backups. you know, these hard drive cans disappeared or were shredded. that's irrelevant. it looks like they're backing up everything in case something terrible happens in washington so they can recreate our government. and that's an area of inquiry i think the court might be interested in, and that's certainly something we're going to be bringing to the court's attention. and we wonder why the administration hasn't told the court about this at least in the sworn declarations that they

were required to file over the last month or so. stuart: well, look, you're beating about the bush. i'll say it. this is a coffer up. cover up. this is stonewalling to the nth degree to cover up what may be a gigantic scandal. perhaps you won't say it -- >> oh, i've said it from the beginning. we went to court was we thought -- because we thought there was a cover up. they didn't say there were any missing e-mails. they reported to the court, they didn't tell the court there were any missing e-mails. the court held a hearing, and in an extraordinary move, demanded an explanation from the irs within 30 days. he got the explanation and then on his own asked for additional information. he appointed a magistrate judge, and then he told judicial watch if you don't like what you're hearing, you have the opportunity to come back to me on september 10th or later and ask for discovery meaning you can start putting people under oath if i think you have a good argument to do so. i think we have a good argument to do right now, frankly.

stuart: so you're going to do this, i mean, you're not dropping this ball, you're running with this ball. it might take a little longer than we thought, but you're going after it. >> we are going to be, we are in court seeking court relief as it is, and we're going to seek more relief, you can be sure. this is probably the best way to get at the heart and find out where these missing e-mails are. and, remember, it's not just lois lerner in the end. there are six other officials. only one name they told to us about but others that they refused to tell us about whose e-mails have disappeared. and, of course, you know, now there's this whole end dem cantic across the government of other government officials losing their e-mails. this is a scandal of epic proportions. stuart: it is. >> not the irs scandal, but it's the cover up, as you know, that can be just as damaging for any administration both criminally and politically. stuart: that's why we're pounding away at it, and we're very pleased to see you, sir, are not letting it drop. it's a scanned old of major

proportions. tom fenton, come and see us again real soon, please. >> thank you. stuart: well, this is a little pejoratives, view yores think -- viewers think millennials are lazy. more than half of millennials say they don't know how to change a tire. [laughter] i don't know how to change a tire. we're going the ask a millennial, though, what they are all about, okay? coming on the show soon. plus, the american heart association and the world health association just the latest sounding the alarm about e-cigarettes. they don't want kids getting addicted to nicotine. the e-cis industry will respond to that. in our next hour, president obama will address the latest in the fight against isis. what does ambassador john bolltop want to hear? he will be with us. but next, how 3-d printing can help what may be a looming organ donor crisis? ♪ ♪

stuart: ralph lauren is jumping into the wearable business. the data it is said to him on your phone. we caught up with david lauren. >> the picture is here. it is representing what it can do for you. you can put it with jackets and dress shirts. you can see how his or her heart is doing while at work. there is all kinds of information that you can gather. stuart: ralph lauren plans to

integrate some of this technology into next year's design. 3d printing company launching. trying to convince you that 3d printing is good at home just in time for christmas. the ceo is making headlines. he claims that google's driverless car will increase the need for 3d printed organs. all right, rick. your theory is, driverless cars means fewer crashes which means fewer organs donations. >> fulfilling that goal, we will fulfilled the need.

it is coming. we need the demand to show up. stuart: do you think they would see the 3d printing of organs? >> in our lifetime within 25 years. i think that sounds about right. stuart: are you actually using that to promote 3d printing? >> i like to think about what is happening next. driverless cars is one of those things. how does it impact the rest of our lives? stuart: right now you are putting the upscale version in our home for christmas. >> we are putting education.

they are not like me. they literally see it. they get it. they are just full speed ahead. stuart: that is your basic computer model. what can i print with it? >> you could make practical so that whole. stuff like sink drains, shower curtains, etc. when people get it, they make insanely cool stuff. stuart: is it easy? >> that is our big innovation. stuart: we just need to plug in the software.

>> you can go virtually shopping for stuff. stuart: you are kidding me. that is the stuff that is simple. >> i have to tell you, making things simple and easy in technology is not the easiest thing. stuart: hold on a second. that is $1300. you've got a better one than that. >> top of the line can make things this size. this is a flower vase you put flowers in that. this was made by a designer in the czech republic. stuart: if i put the software on my phone, i can press the button

and get one of them. stuart: how much for that particular printer? >> amazing value. it is $6489. what is interesting is, the big movement right now -- 55. stuart: you have a piece? a piece of the company? >> that would be fantastic.

stuart: thank you very much for joining us. there is a different generation. they are really changing the way we live our lives. more on this with an actual millennial. more after this. ♪ ♪

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♪ nicole: i am nicole petallides with your fox business brief. the dow jones industrial average up. some of the dow winners include exon, merck. we also saw that s&p 500 hit another record of 2005. a few of the things are in the energy room. energy and financials have been doing very well this week. moe bottle fell short.

designer shoe warehouse doing well. coming up next, hey, there are millennial's. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade.

the two i am going to ask charles payne a question. continental resources. if you buy it, you will make some money in it. charles: it is in the news right

now because he may have the most expensive divorce in history. this stock probably gets over 200 letters a share. you know, look at that chart. that is not the chart of a company that actually beat the street. they will continue. they have more oil than anyone thinks they have. stuart: president obama and the democrats will have to get into fracking. get into the extra supplies of natural gas. charles: people like this energy. stuart: a new survey by michelin reveals that 52% of teenagers do not know how to change a tire. what is the significance of this i ask.

you millennial's are different. you really are changing many aspects of our so psyd. you are not hands on. you do not change tires. >> that is exactly right. probably a majority of baby boomers cannot do e-mail or text. there is nothing wrong with that. stuart: what about politics? poll after poll shows that malindi is will not compromise. they bought obama's message. as we have seen, he has been very far from that. stuart: you could be on the

right on some issues. there is no political party which represents your point of view. >> that is a darkly right. that is why i credit rand paul. stuart: i must confess. charles, come on in on this. it is so different from my generation. >> i know you said that the different age groups have different skill sets. we see young man. survivable skills.

somewhere along the line, that may come in handy. kids are not taking reports away. 95% of people took drivers at. this is not the fault of the parents and the schools. >> was geared to do with our try to? >> there is an app to teach you how. stuart: will you give me a tax cut? >> i will. two thank you very much, indeed. good luck. work groups calling for strict rules on cigarettes.

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♪ stuart: you know there is more backlash against the e cigarette industry. they want tougher regulation. they do not like the addict if quality of nicotine. here to respond is the president of the smoke-free trade association. welcome to the program. you represent all of these e cigarette companies. annie did drugs. that is why there is backlash

against you. >> it is a very powerful drug. to keep in mind, with the invention of vaporizers, we see a very large increase in nicotine products. what that suggests is these products are helping to produce a mechanism which allows people to have the same that they do in nicotine. >> you get off that. you get off the nicotine and go to a vaporizer with zero nicotine. that is your train of progression. >> again, we do not make claims. more people are using these

products. stuart: do you think that they will succeed in banning you entirely? >> no. they try to come up with appropriate and promotional reasons. stuart: i am sorry. i am out of time. thank you for joining us. stuart: sorry so short. we have the president coming up. new at noon. once on a tour says corporate america has content for americans. ambassador john bolton. what does the president want to hear. the second hour is two minutes away. ♪ friday night, buddy.

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child killing and beheading. what is president obama going to do about it? we are going to find out. awesome power available to and also president. there is opposition of this on both sides of the aisle. now, the president has to decide. within the hour, president obama will speak to the american legion. it is a golden opportunity to make his policies your. ♪ stuart: the president will be speaking shortly. we have ambassador john bolton with us.

suggesting the president has got to make a decision. do it or it don't do it. >> i think the president has to decide. i think it is what you have to do. where he is content to contain it and hope it does not attack us. i think this is a critical decision. those all follow from the decision. i do not think he has an objective. stuart: getting out there and using our aircraft carriers and attack. >> there is good reason for that. it is at its most vulnerable

point. we should have strangled it in its cradle. that is what we should do to the islamic state. i do not think he understands or cares about the threat did imposes. he has been spending. it is not today that we are worried about. it is tomorrow and the next day. stuart: what will he say? >> new effort to improve mental health care for veterans. it really is about the va scandal. there may be a new effort to enlist banks.

stuart: that is not a question of do we attack. it is not that at all. >> in the fight of her life. she is a top gop contender. it is the purple state. turning around 45% in the state. stuart: thank you, liz. ambassador, you just heard that. the u.s. lays groundwork for a serious strike. >> it is consistent with the pattern. he does not care about things that affect us perceives. he is right. a very strong candidate. the administration is coming under very strong criticism.

i think he sees us through a political prism. if it is a purely political speech, that maybe it. stuart: you heard what i said at the top of this hour. does my approach remind you of what people were saying after 9/11? beating the drums of war. >> i think that president should be concerned about it. if he passes this opportunity up, it will show how little concerned there is for doing something important. stuart: a huge political jeopardy. >> i agree. i think he thinks he is in more trouble because of the utterly wretched performance. apparently, poised to address the matter at hand.

stuart: going into the election in november. if he goes into iraq, if he does that, does he went in november? >> if he explains it is better to fight the terrorist that, he would win. stuart: hold on a second. the president is going to speak. here we go. [applause] >> thank you so much. everyone have a seat. hello allegiant air. i want to thank you for the introduction. more importantly, for your service in the army. thank you for your commitment.

i want to thank the entire leadership team for welcoming me here today. dan wheeler, your executive director in washington, nancy brown park, although spouses, otters, sisters of the auxiliary and the sons of the american legion. let me say that i join you in honoring the friend to many of you. gerri hendrick. [applause] the senators.

thank you for welcoming us to the great state of north carolina and two charlotte. great support to our troops and veterans. matthew from alabama. i welcome matthew and all the incredible people. i was running a little bit late. they just started singing. then they saying happy birthday to me. i was pretty moved. they are a tribute to our country. i brought you here today. bob mcdonald. [applause] for those of you who are not aware, bob is one of america's most accomplished business leaders. he comes from a military family. he excelled at west point.

served as an army airborne ranger. he has a reputation for jumping into tough situations. he hit the ground running. visiting hospitals and clinics across the country. helping us change the way va does business. by the way, washington does not agree much these days, but he confirmed. he is the right for the job. he has my full support. thank you. it is an honor to be back. to be back with the american jim. we see the spirit of americans. when your country needed you most, you stepped forward. you raise your right hand. you swore a solemn oath.

you put on that uniform and earned the title that you carry today. among you are veterans of world war ii, korea, vietnam, desert storm. our newest veterans from iraq and afghanistan. across the generations, you served with us. you made us proud. you carried a memory of friends that never came home. prisoners of war. those missing in action. he rose that our nation will not forget. when you talk off that uniform, you earned another title. the title of veteran you never stopped serving.

you put on that path and war that humble. for god and country. you took care of one another. just as you defended america over there, you helped build america here at home. leaders and role models in your community. entrepreneurs and business owners. champions for a strong defense. you helped the united states of america become what we are today. the greatest force the world has ever known. these are challenging times. i do not have to tell you that. around the world as well as here at home. you turn on the tv and we are saturated with heartbreaking images. it can be easy to grow cynical or give into the stands that the

future we seek is somehow beyond our reach. as men and women that have been tested like few others, you should know better. you know that cynicism is not the character of a great nation. we should never lose sight of our progress of a people or it the strength of our leadership in the world. the about it. six years after the worst financial crisis. the crisis and potential of the worst than the great depression. thanks to the decision we made to rescue our economy. we are stronger at home. over the past 53 months, our businesses of the united states have added many jobs.

our high school graduation rate is at a record high. more young people earning their college degree than ever before. they have quality affordable healthcare. we cut the deficit by more than half. now we have to sustain this momentum. just as we are stronger at home, the united states is better positioned to lead in the 21st century than any other nation in the world. it is not even close. we have the most powerful military in history. that certainly is not close. our economy is the most dynamic. with our domestic energy revolution, we are more energy

independent. our technologies connect the world. our freedoms and opportunities attract immigrants that yearn to breathe. that is who we are. that is what america is. nobody else can do what we do. no other nation does more with security and prosperity. in times of crisis, no other nation can rally such brought coalitions. in times of disaster, no other nation has the capabilities to deliver so much so quickly. no nation does more to build

democracies. no nation does more to help people in the far corners of the earth. we realize their dignity. even countries that criticize us , they know who to call when they need help. that is what american leadership looks like. that is why the united states is and will remain the one indispensable nation in the world. now, sustaining our leadership. keeping america strong and secure. it means we have to use our power wisely. history teaches us of the dangers of overreaching and spraying ourselves too thin. nobody knows this better than our veterans and our families.

our veteran families. you are the ones that they are the wages of war. you are the ones that carry the scars. you know that we should never send america's sons and daughters into harm's way unless it is absolutely necessary and we have plans and prepare to see them through. [applause] you know the united states has two lead with strength and confidence and wisdom. that is why after incredible sacrifice, by so many of our men and women in uniform, we remove more than 140,000 troops from iraq. that is why we refocus our efforts in afghanistan and went after al qaeda's leadership. driving the taliban out of its

stronghold. they are now in the league for their own security. just four months we will complete our top mission in afghanistan. it will come to a responsible end. we honor every unmarried that makes this progress possible. [applause] every single one. especially the board 2200 americans have made the sacrifice in afghanistan. now as afghans continue to work that afghan leaders need to make the hard compromises. a future of progress. we will canoe to partner with afghans so their country can never again be used to launch attacks against the united states. [applause]

the blows against al qaeda's leadership does not mean the end to the threat. they still target our homeland. we have seen that in yemen. as commander and chief, it is my hires authority. i have authorized targeted strength to protect our diplomats and military advisors that are there. let me say it again. american combat troops will not be returning to fight in iraq. we will not allow the united states to be drawn back into another ground war in iraq. [applause]

stuart: they have been necessary to protect our people. they have held by iraqi forces push back these terrorist. we have also been able to rescue these men, women and children that have been on the mountain. we salute the brave pilots and crews who are making these flights over iraq obey. [applause] more broadly, the crisis in iraq shows how we have to deal with today's terrorist threat. the answer is not large scale military deployments. occupying countries for a long period of time. rather, our military action has to be part of a broader plan to

support our people. the government and forces in iraq. we are urging iraq is to deliver on unity. they will ultimately be at the hands of terrorists. we are building an international coalition. we need to at least take the fight. today, our prayers are with the colby family in new hampshire as they continue to grieve. our message to anyone who harms our people is different. america does not forget. our reach is long. we are patient. justice will be done. we will do what we have to do to

get those that capture americans. those that go after americans. we will continue to take direct action where needed to protect our people and defend our homeland. it will not be easy and it will not be quick. tyrants and murderers before them need to recognize that it is no vision for the people that stand together for the dignity and freedom. even as our war in afghanistan comes to an end, we will stay visual. we will continue to make sure that our military has what it needs. it keeps us safe. as they come home, we also have

to meet our responsibilities to them. [applause] when i was here at the legion three years ago, i said the bond between our forces and our citizens have to be a bigger trust. for me and my administration, upholding our trust is not just a matter of policy. it is a moral obligation. working together, we have made real progress. think about it. working with legion and other service organizations. we have been able to accomplish historic increases. we have protected veterans health care from washington politics. we have been able to make va

benefits available to more than 2 million veterans that did not have them before. [applause] we dedicated major new resources for mental health care. we helped more than 1 million veterans and their families pursue their education. moreover, as the legion has said, once veterans get in the door, the care you receive from the va is often very good. specialized care among the best the world. many of the hard-working folks at the va are veterans themselves. we can never thank them enough for their good work. what we have come to learn is that the misconduct we have seen at too many facilities, long

wait times and veterans denied care is outrageous and inexcusable. [applause] i got before the american people and i said we would not tolerate it and we will not. i know the legion has been the front line standing out across the country hoping veterans that have been affected. i know bob will give you an update on the actions we are taking. what i want you to know directly from me is we are focused on this from the highest levels. we will get to the bottom of these problems. we will fix what is wrong. we will do right by you and your families. that is a solemn pledge. stuart: okay.

the president has, in a roundabout way, addressed policy against isys, as we call it. ambassador, your take on what the president has been saying for the last 20 minutes. >> i think it was a defense of existing policy. basically, confining american involvement to very limited targeted strikes. he did not take the opportunity to say that our objective is to destroy the state. the same objective he started two and a half weeks ago. no evidence has gone beyond that. stuart: he said targeted strikes. limited applause. >> a cool response from the american legion. they wanted to hear that we

would defend americans. stuart: do you think it is -- >> i think it is a wasted one. the war on terrorists is essentially over. >> i brought your attention to "wall street journal." the "new york times" says we are sending drones over serious. serious says you better ask pertinent to do that. the the president is under great pressure to do something. he has got great resilience and doing nothing. he has proved this over and over again. >> appointed. not surprised.

>> he did touch upon isys in a roundabout way. now he has gone on to talk about veteran affairs. >> this really is about the battle for a senate majority. mitt romney narrowly won north carolina in the 2012 election. >> you are saying that this is about the election. >> she is in a tough race. we do not know that she is in the same audience. >> that is correct. she had been distancing herself from him. she will stand up to him to fight war veterans and her state.

do you think that the president policy is popular. he is not attacking isys. he is containing it or trying to. he is not eating the drums of war. >> a lot of people say country is more leery. he does not want to do much overseas to protect our interest. the risk is the same of what we saw on the first 9/11. we did not ask for this war. they attacked us and they are still in the process of doing it. stuart: again, we are a financial program. we deal with politics all the time but it is crass. there is no direct link. it is up 58-point now. no relationship between the

behavior of the financial market today and what the president is saying right now in north carolina. i believe we will take a very short break, but we will be back on this program after the break. ♪

done deal. burger king has bought kim wharton. give me the market action of those stocks. >> it is important to see tim horton hitting another high up 8.5%, burger king rolling back all little bit. this is an $11 billion deal down 3/4%. warren buffett, berkshire hathaway, funding in part by 3 billion. the ceos of both companies, burger king will stay in place and important stays in place. from the canadians not too happy about the fact that important is taken over by a foreign company but by this inversion u.s. company purchases part or whole of another company outside the country, and it is a better tax rate. that is what we will see for burger king for the merger. stuart: burger king wants the lower tax rates, go north to canada.

thanks very much. a lot of aspects of this deal. we will deal with the political fallout, extreme left really fired up about this. this is senator sherrod brown of ohio who wants to boycott at the beginning, white castle based in ohio. more reaction, listen to lunch senator bernie sanders. >> it is quite visible, puts a focus on general corporate america. they feel the average american. stuart: per ernie sounded this from vermont, he is a socialist saving corporations have contempt for america. fairly extreme reaction from the left against burger king's move north. liz: the boycott sharon brown of ohio was calling for what heard those same minimum-wage workers who worked for burger king. if there is public, and they go to when these 0 whitecastle as

the democrat is advocating, we also have keep companies here, do not let them emerge so we have a whole length of democrats and independents senators out shaming burger king as they did walgreen's not to do this merger. even canada was out of the box doing corporate tax reform to lower its rates, the chaining companies in the united states without doing corporate tax reform. of the when you got to bring in warren buffett, the principal corporate supporter of president obama and now he is the man helping burger king avoid american high taxes and going north to canada. liz: helping to finance this deal, so yes. warren buffett is the face of pay your fair share. remember the fight, he is saying

reform? liz: or will democrats say you are unpatriotic for supporting these corporate tax deserters so you see there are so many levels to this story right now. warren buffett and berkshire hathaway released at into the middle of this controversy. stuart: is it just a good deal? he will do well on this deal, no question. just that. is there a political element as well? i would love to know. i probably won't find out. thanks very much. four quakes were reported this morning in a series of aftershocks following the 6.0 magnitude earthquake that knocked napa valley over the weekend. officials estimate $1 billion worth of damage liz san francisco mayor willie brown is with us. it has been a long time but thank you very much for coming back for us today your honor. great to see again. >> thank you for having me as lana thank you for being concerned about nick but and northern california in particular. stuart: we have been critical of california for many of its

policies but it occurs to us that you guys really can't catch a break these days. you have a drought, a water problem and now you have an earthquake. i want to bring you on the show and say we do care about you people and we want to know what you going to do about this, how will you paid for this damage? >> a combination of how we are going to pay for it. first and foremost those who have earthquake insurance of course, those people will receive whatever compensations from their policy will provide them. secondly, there will be federal government involvement. every time there is a quake is a natural disaster and the results are the federal government and you and all of us helped pay for it and finally of course our own governor has declared an emergency and that triggers a certain level of support. we will do all right, i think. stuart: we don't want to come on

strong and said there's a billion dollars worth of damage, who is going to pay? we are not saying that. we are saying very publicly that this is a tragedy. in the wine business this is a tragedy. i don't know whether you partake of good nick of valley wine. i don't know whether you do or not but a lot of very good wine has been lost. a lot of artistry has literally crashed on the floor and we feel very bad about that, your honor. >> so do we. however, be clear. if you test people in the napa valley, they will tell you they are already in the process of replicating what they had and doing so with a sensitivity that today's engineering provides for construction purposes. clearly all of the old places, historically significant places in many cases have been damaged beyond repair. it is a great wake-up call for the rest of us who are not affected by it but were affected

by the quake of 89 and for which we did something about it. clear these those places have survived appropriately. stuart: there has been a call to put more money into the early warning system, but the warning system they want to put more money into is not an advanced predictor of earthquakes. it is all warning system that tells you how long before the ripples reach where you are. how do you feel about corbett putting more money to that system as opposed to a predictor? >> there are no scientific predictors of earthquakes. however, the early warning system is in fact potentially a lifesaver. you have somewhere between ten second and 16 seconds based upon where you why when the epicenter, in that regard, it is incredibly important and not as costly as you may think because the state of california currently is in the process of

addressing its water issue through water bombs and in that there is an infrastructure components of that that can give us the early warning system that will predictably save lives. stuart: what a pleasure to have you back on the show. we hope you are doing well and we hope to see you again soon. >> we look forward. stuart: a cornerstone of obama's success getting young people to sign up the new numbers show most of them are just not buying health insurance. we will deal with that next.

nicole: i am nicole petallides with your fox business brief. record-setting day on wall street for the dow and the s&p, all-time record highs and the nasdaq within 10% of its record high in 2000. to the downside, came out with numbers, fuhrer solar panels at cheaper prices but look, stock is down 8.5% and other solar names. looking at amazon amazon making a deal, buying up casting platform is that basically go online, live streaming games is what it is about, stock 2.5% reporting "after the bell" today so keep a keen eye on these, smith and wesson, the gun company, gunmaker down this year, they were 60% last year. those names are lower. bob evans farms down 1/4%.

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because obamacare needs you youngsters. you are young and healthy and they want your money to pay into the system so why you not signing up? >> you hit the nail on the head when you said we feel in vincible. i am a millennial and diet included in that. you are young and active and healthy and you don't foresee any medical conditions affecting you so what is the incentive to purchasing health insurance when it is the cost you don't see a tangible benefit to? you can spend your money on an icon as opposed to health insurance. stuart: most millennials would get a subsidy because most millennial don't earn that much money at that stage in life so not like it will cost much money. you do get a subsidy. >> the rates are lower but one thing that has been seen under obamacare is the tab is being picked up by millennials our rates are going up and the subsidy argument that you are making, now there is i believe something going to the supreme court about subsidies and

obamacare because it might not be legal at the federal level and might only apply to the state level so i think there's a multitude of issues here that can affect millennials when it comes to purchasing obamacare through the exchanges and we have to remember it was peddled to young people as a free health care program and now they are the ones expected to pick up the bill. stuart: we spent a lot of time on the program today talking about millennials as a special and separate group of people. >> we are. stuart: you >> reporter: entertainment, you are into streaming, you change communication, social networks, you change technology, you use smart phones big time, you change food, you like expensive burgers, health food, you want to know where the food is come from. >> i love mcdonald's and wendy's. stuart: you are defineable group which has had a very significant impact on society as a whole.

that is who you are. >> the trend by the different with young people and i think we are seeing a lot of that and a lot of different companies pandering to young people too but health care is something we choose to forgo if we feel healthy. another thing to look at that scares me about our generation is the we never have more than $375 on hand so with an emergency were to happen how could we afford it? this economy has impacted our generation negatively in the sense the we have become a part-time millennial generation. stuart: why does your group keep voting for collectivist? you'd do. you don't vote for individual liberty and freedom and capitalism and profit and dynamism and prosperity, you don't vote for that. >> the sad thing is when we look at polling we are seeing young people believe in capitalism and free markets and less federal

government regulation. we need to take that message out there and say this is what conservatives mean and this is what liberals are teaching to you, one has a little policy actually helped the young person, i can look back to when barack obama got into office and he promised all these things 3 young people. now what we are seeing is youth unemployment rate the highest it has ever been, 18.1%, millennials are on their couches and their par basements and pajama boy becoming the person that represents our generation. stuart: did you find pajama boil attractive? >> no. i thought that was the worst thing the administration could have done to peddle the obamacare program. there is nothing more embarrassing than the pick a whole generation of people basically as couch potatoes because their policies have hurt us so badly that we are forced to be on our parents's couches because we're putting our foot to the ground and looking for jobs and they are not available. stuart: you have an ideology,

you are ideological, you question current events from an ideological point of view, you are big on markets and freedom but not many millennials are ideological, are they? >> i didn't come by being raised in a conservative house lobbying told conservative things. i learned these things through going through life. i realize some policies were not actually benefiting me that coming from this side that is supposed to represent young people when in fact their policies hurt us. they expect us to pay for their big government policies. and that is detrimental to our economic future. we are putting out marriage and families that will have a significant impact on our economy in the united states. stuart: you people, you really are changing our society. it is you that are doing it, you people. i am your grandfather. >> no. you don't look a day over 25. stuart: you can come back any time you like. what a pleasure, thanks for being with us.

we spoke earlier about california not being able to catch a break with the drought and an earthquake. don't tell that to oprah winfrey. she has an $87 million, 40 acre state at her plant's need watering. liz? what do you say to that? liz: lifestyles of the rich and parched according to political which broke the story. this is an area subject to wild fire in santa barbara, over 40 acre states. this is the most part section of central coastal california. is in danger. the area residents, the likes of ellen degeneres, jewish lucas, eric schmidt, you are getting water trucked in because they are paying a record amount of fine for overuse of water, $4 million in fines collected by

the county. for over using water according to that. stuart: i have no problem with oprah winfrey paying out of her own pocket for the water that her garden needs. liz: her gotten but also there are restrictions on water usage and the county is threatening to shut the santa barbara holmes down if they of reuse water. stuart: of using municipal water. if you bring in your own with a tanker truck you are not breaking the rules. liz: a wild fire, she needs the water. stuart: if you have the money, spend it on the water you need. i have no problem with that. liz: residents deal with these huge tankers rumbling by. stuart: the neighbors objected the noise? liz: potentially could. 5,000 gallons of water.

stuart: you are determined to find some outrage and stir it up. liz: why not? stuart: thanks very much. more climate hysteria from the left. we will bring it to you in a moment. ♪ when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade.

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lou: president obama called the

islamic state the j.d. team of terrorism. now the president and his pentagon seem divided on the issue. walid phares and sheryl attkisson on the islamic straight's threat to america tonight at 7:00 eastern, 4:00 pacific, please join us. stuart: the washington post, i repeat the washington post on climate change. one editorial they all week. let me quote to you from today's peace. for more than a century scientists have understood the basic physics of the greenhouse effect. for decades they have realized humans can affect the climate by burning coal, oil and gas. the country's leaders remain divided. the piece goes on and i will put one more sentence. there is now no doubt that the world is warming. i am not -- i was told for the

last 17 years the temperature of the planet has not gone up. >> it has remained flat and it may be two years in 2005, 2010 was warmers and 1998 but it has remained relatively flat over that time frame so the consensus is there is no consensus about global warming. we know about climate change the washington post editorial makes it like they are statements of fact that global warming is happening. there's a huge battle within the scientific community about this, 31,000 scientists signed a petition saying we are not so sure about global warming. stuart: consumers will face such lease. will you pay more for electricity, gasoline, home heating, pay more for that for the symbolic gesture of cutting co2 emissions? the answer for most consumers is no. liz: china has been violating global warming standards.

they have twice the population, multiple the population of the u.s. and twice the carbon emissions. stuart: why should we move it they don't. your take is next. [ male announcer ] it's one of the most amazing things we build and it doesn't even fly. we build it in classrooms and exhibit halls, mentoring tomorrow's innovators. we build it raising roofs, preserving habitats and serving america's veterans. every day, thousands of boeing volunteers

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>> product innovation is a good beginning, contemporary environment is a good next step and the right marketing messages, companies like mcdonald's are stuck in tradition. stuart: always a pleasure having hungry investors guy, the host of the show john kaffir, we thank you for coming back today. here is your take on the rest of the show. joe had this to them now millennial not knowing how to change a tire. you shouldn't be able to pass your driving tests without being able to change a flat tire. nonsense, i am not with you on that one. david had this to say about the developments in the case of the missing los lerner e-mails.

the federal judge needs to execute a bench warrant and arrest anyone who is not cooperating with the investigation. we will get nowhere until people are arrested. i am with you on that one. my time is up. here is dierdre bolton. dierdre: here are the alternative investing stories we're following. it is official, burgers and doughnuts do go together. burger king is buying tim horton's headquarters north of the border to see if hundreds of millions of dollars a year in taxes and the move is feeding controversy. consumer confidence and a 7 year high, the president of nielsen tells us how retailers mixing recant mortar and mobile and if you watched the emmys last night you know netflix doubled its nominations, the old-fashioned cable shows won more awards. amy and expert will join us with his take on old versus new media. the official term is tax inversion. the bottom line, and allows