so where's tim? [ applause ] there he is right there. tim's fired up. tim is fired up.tim, i didn't get a hug. come on, man. here we go. all right. [ applause ] come on, man. come on, buddy. >> i love you, obama. >> i love you too. you know, presidents need some encouragement once in a while, too. >> [ laughter ] that felt really good. that was nice. thank you, tim. >> joining me now from his restaurant in albuquerque, new mexico, tim's place, is tim harris, special olympic athlete, big giver of hugs. and with him with ryan, general manager of the place. tim, tell us what it was like to be in the white house and how surprised were you when the president called your name? what did it feel like going up there to give him a hug? >> it felt really good to be in the white house. and it was kind of like being part of family. i gave him a hug and it made me feel awesome and made him feel special, too. >> what was your reaction afterwards when you heard the president say how much he appreciated that and he could use that? it seems like the president could use a few more hugs th

we're gonna listen to joe and tim.e gonna focus on the restaurant, expand the menu, and not worry about the retail at all. >> i am so excited. we're gonna do a gastropub-- amazing food, rustic look. it's gonna be incredible. this is perfect. jess! >> yeah. >> look at this. you should see all this stuff. they've got everything we need. i'm so happy. >> hello, mills & co. >> hi. >> what's going on? >> narrator: consultant waylynn lucas works for joe and tim, a pastry chef and entrepreneur who's opened her own bakery. she'll help gavin and jessica prep for their restaurant launch. >> as you know, joe and tim have given you $7,500 and 36 hours to transform this space. here is a ledger to account for your spending. >> good. you're a penny pincher, so... >> yes. >> somebody has to be. >> yeah, right. >> they will be looking at three very important key things. >> okay. >> taste. joe and tim love the taste of your food; however, they want you to expand your menu because you need to serve more than just appetizers. next, brandi

in there i am a tim, unfortunately. i regret it. >> i really think bonds are very difficult here. i think they're a harder short than they are aening lo. so i'll go with guy on this. >> oh, a split on the desk. all right. let's close the vote out here. it's split on the desk. guy, vacate%. 58%. 17,000 votes so thank you out there for voting. >> oh, well. >> i have a bad finger. coming up next, is burger king everpaying for its coffee? the burger chain finalizing a coffee and donut shop tim horton's. it's costing a premium. we're breaking down that deal next. we're continuing our trade school series with video questions from you viewers at home. we are revealing questions and answers right after this break. it's estimated that 30% of the traffic in a city is caused by people looking for parking. that's remarkable that so much energy is, is wasted. streetline has looked at the problem of parking, which has not been looked at for the last 30, 40 years. we wanted to rethink that whole industry, so we go and put out these se

tim bitsberger, i want you to weigh in here.firm will suffer when one of its biggest customers is in trouble. is such aa, the eu customer. agreed? u.s.'s largeste trading partner. the eu's gdp is comparable to that of the u.s. u.s. growth has been solid. things are moving forward, but certainly the data in the eu has been disappointing, and i cannot b be beneficial to the u.s. >> the best way is to update and -- the best with the u.s. can protect itself is a stopping and versions by updating its tax code. >> would it be so easy. should be able to protect itself, shunted it? rhetorical question. >> in order to continue this growth, we need our partners around the world to also grow. yeah. >> we are waiting to see what mario draghi actually does when it comes to that stimulus. tried before.n timothy bitsberger, thank you so much for joining us. tim bitsberger of bnp paribas. "bloomberg surveillance" on radio continues. "in the loop" is next on bloomberg television with matt miller this morning. have a great rest of the day. ♪ >> g

burger king you read to by tim horton's for $35 million. it will move to canada and take advantage of lower canadian tax rates. the u.s. has begun surveillance flights over syria. that can lead to airstrikes over islamic state militants. plus telefonica should -- could raise funds for its rod ban unit , more than $10 billion. it has said to be coming up with its own offer. we will bring you all the details. i want to get back 12 main story, burger king's acquisition of tim hortons. buffett will get a preferred stake in the roughly $10 billion company. it appears to be a good move for buffet and burger king but what about for shareholders? erik schatzker joins me now. you could almost smell this happening yesterday because of the involvement of one of warren buffett's favorite private equity groups. >> the resilient billionaire who will have a 51% stake in the combined burger king and tim hortons. i was going to say conspired. why would i say that? our nerd last year. you are right, you could almost smell this coming. let's talk about what i

at tim horton's u.s.rew more than 15%, driven by a mix of strong growth and strong theme restaurant sales growth. that's the kind of growth you really don't see in the quick service category. i think having that would be a key advantage for burger king. >> reporter: no question. relocating because of tax advantages is a big part of this story, especially with walgreens opting out of an inversion to relocate to europe, because of political pressure. walgreens staying in the united states, treasury secretary, jack lew, has called these deals unpatriotic. president obama has called the companies corporate deserters. if the deal does go through, it could add further urgency and speed up reform on capitol hill. i'm sara eisen. >>> here's another big deal today to tell you about. roche, the swiss drug company, is paying nearly $8.5 billion in cash for u.s. biotech company, intermune, helping the world leading maker of cancer drugs expand into lucrative rare disease treatments. intermune has a promising new drug

tim horton is under levered. everybody is anticipating a real every in and dividend event at burger king. tim horton is less levered than burger king. >> the canadians don't like being in debt. i >> it has served us well. you have something to learn. >> when you look at it as a consumer part of the business, it does not make as much sense. burger king, like the burger and tim horton would help with the breakfast growth of the business. it is not as though they have incredible rate naked -- recognition here in the u.s.. could you leverage that name to improve the breakfast business? is, is that a realistic proposition? would that add a lot of value to the business? tim hortons is head problem's itself. >> are they competing against one another? would even help? is the competition really to bully? >> canary yes, but not in the breakfast space. maybe divides some leverage. >> they have been trying to expand in america for a number of years already. it does not make much money here. does the billionaire genius behind

just like we're bringing in tim horton, i guess.mericans can get in the habit of saves and thinking for themselves instead of waiting for christmas handouts. >> well, i'll tell you what. it's interesting, because whether it's the get-together are horton's and burger king, or i don't know if you caught the new jersey democratic representative, bill pascrell that was just on the show, but it certainly seems to me that taxes, tax issues are front and center. what struck me about your op-ed, that this product is so easy and so few restrictions, which in my mind especially after listening to the congressman, i wouldn't think it has a prayer to pass, because congress likes to be able to pick and choose, and control. >> well, that's right. but it's our job to put the possibilities out there. it is possible to create better savings vehicles for americans, where you can take your money out of if you wunt to invest in a company. this is is a sort of super-charged roth. some of you have heard of a roth. you put youren in after tax and take it

tim scott agenda will empower america for freedom and education. he is dedicated to working with anyone committed to building a better future to develop bold from this break away country's past failures. please join me in welcoming and giving a warm colorado welcome to senator tim scott, a true conservative american hero. ♪ [applause] >> thank you. thank you very much. sure that those of you who live in the district will be sending my back to congress. [applause] congressoffin back to coffman back to congress. we need some help in the united states senate. anybody realizes that? everybody realizes that. i want to talk about how we can make sure in 2014 we take back the majority in the senate and in 2016, we have an opportunity to make sure there's a republican in the white house. we need a republican in the white house. and when i think about the challenges we face, i always go back to "amazing grace." anybody know that song? i like that song a lot. i once was lost but now i am found. i was blind, but now i see. i thank the lord he saved my soul. y

remember the old owner, famous dave thomas a big fan of tim hortons he saw what the combination of tim did when they were combined side by side and several buildings in canada. doughnuts and burgers worked well. dave thomas was convinced to buy the company in 1995. eventually, it was 2006, as i recall, they did spin it off. and hortons decided to go back to canada because of the tax issue. you might argue, it's not that important but it's certainly was at that time the tax issues for horton a major reason they went from the u.s. 2006 back to 2009 i believe it was, back to canada. bear that in mind right now. here we are with the s&p at new highs. back to you. >> thanks a lot. bob pisani. to the bond pits. check in with rick santelli. good morning. >> good morning, carl. we can always debate the most recent story, the jackson hole stories, but one thing's for sure. you're a trader and looking at chart, many of the trends, lower interest rates, flatter curves, have been in place not only all year but hooking into the last quarter of last year. a chart going back to june of 2013. call it

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by the way i don't know if you remember this ackman was in on tim hortons when tim hortons was part of and they were trying to spin it off. >> and nelson peltz -- >> the reason i remember, i used to needle ackman about the way those burger king burgers tasted. you know, with that smoky taste that they get. >> they're broiled -- >> they say they are. it was like a spray -- and he used to get so mad. if you would say anything about something he's long he's like you can tell he's got a horse in the race. >> those blue eyes just -- >> a sociopath in terms of don't say anything about anything he's trying to -- buttons with jcpenney, don't make fun of those, either. but, yeah, he was in. so here he is again, though. >> even before they went public, right? >> yes. >> i mean super early. >> if i remember it was -- >> he met a private deal with them. >> that acquired burger king and spaks had a -- >> special purpose acquisition. >> we will talk more about this transaction in a moment. from single mom to millionaire she's keeping things cool and doing it with style. check out cameron diaz in thi

tim, rates are low, they're going to stay low. hard to imagine that they're going to move all that much higher in a very short period of time. obviously good for housing, but why aren't they having a more dramatic impact? >> well, thanks for having me. i would say that, i mean, it's indisputable that interest rates had a huge impact on housing. if you think about 2012, when the housing market started to recover, we had like a 7% unemployment rate. so, it was pretty unprecedented to see a rally at that point in time. i think part of the challenge now for interest rates really is, is that there's a universe of people that are right now struggling with the affordability paradox. that means 5 million, 6 million people that basically should be owning a house or used to own a house are now renting, and they're trying to rationalize what is about a 30% delta between a rental, which, lexus for the sake of example is $2,400 a month, but owning a house would be $1,750 a month. even that gap is not compelling enough, really because of more m

it's merging with tim hortons, is says to open business visitas. it allows money to be transferred without paying u.s. taxes op income generated abroad. it's important for a company like burger king that plans to expand overseas. burger king will use the extra money to purchase assets and pay out stock dividends to shareholders. controversy or not, america is going to see companies like burger king, that choose to ditch uncle sam. and a lot of companies we think of as being gint essentially -- equipment essentially american are -- quintessentially american are anything but. many corporations moved their addresses abroad. some have high profile names you may know. many moving to bermuda and kayman islands where there's no corporate income tax. one is pricewaterhousecoopers, moving its corporate address to bermuda. before entering bankruptcy and acquired by warren buffet's company, fruit of the loom moved its corporate headquarters to the cayman island in 1998. lately more u.s. companies are using a technique called ipp version. it could cost the u.s

why they picked tim hortons for this so-called tax inversion. is this deal more about america's changing taste for food? and worn out by the hustle and bustle of your 24/7 lifestyle and need a break from all the stress? this start-up breezier gives you peace and quiet when you need it. julian smith will tell us exclusively about this zip car. "countdown to the closing bell" starts right now. ♪ ♪ >> hello, everybody, i'm adam shapiro in for liz claman, and, yes, she's a lot better looking, but you're stuck with me this week. the s&p 500 crossing the 2,000 mark. it did pull back just a little, but we have an hour left in the trading day. will we close for the first time above 2,000? stick with us, because your retirement is dependent upon this, especially if you are invested in an s&p index fund. the s&p is still on track for a new record close, its 29th of this year. that's if it can finish above 1992. and don't count out the dow 30 at session highs today, it was up 123 points, putting it within 14 points of its record closing high. biotech getti

discussing the fast food mega merger between the king of burgers and the canadian don't it captain mr tim hortons it all starts right now. there is a large gathering the world central bankers taking place in the mountains of wyoming right now yes the jackson hole symposium brings together the most influential monetary policy makers on the planet and last week local central bankers led by federal reserve chair janet yellen said that labor markets still have further to heal before their economies can weather higher interest rates official meetings over the weekend in jackson hole placed jobs at the center of discussions saying that stronger hiring and wages are still needed to drive demand making her debut as fed chief at the annual conference yellen said that while u.s. hiring has improved the debate the fed is shifting towards when to dial back our extraordinary accommodation as there is still a significant under use of the workforce and that the labor markets have yet to fully recover from the worst recession since the great depression. then the focus on jobs suggests that the fed and ba

. >> but tim, i would ask you, where is gold going to be? >> much, much higher, guys. >> much, much higher. >> well, we're going to talk about gold in just a second, because we have a 5,000 call out here on the table. >> i don't want to take credit for that call. i'm just saying -- >> yeah, press the pause button on that one for two seconds. guy? >> to the point, gold had every reason to rally and basically has not done it. in terms of the tlt, the instrument -- people -- i don't think people are buying it for the yield. they're buying it because the instrument has appreciated in value. the tlt is up 18% this year. that's not a bad return. i'm still in the camp that rates go lower. >> good for guy who has been pushing on the tlt and rates going lower. i would say two to three weeks ago and probably a couple of times since i said tbt. i think rates are going higher. having said that, that's the wrong call. and be clear on tbt and tlt. the three times etfs, trade them. if you think rates are going to go higher next year, if you hold it next ye

they are in talks to purchase tim hortons. for more on this, tim chester and julie hyman join us.ian. >> it's true, matt. >> for those who don't know. >> you hear about companies moving to ireland for a better tax break, but you don't hear about canada. than, it is 15% better ours. >> i was dumbfounded when i saw this report, subsequently confirmed by burger king worldwide. because precisely of what you say. the canada i grew up in was considered the socialist neighbor to the north. now, according to kpmg, which studies tax regimes in 10 industrialized countries, this year canada for the second year in the row has the most business friendly tax regime. we are talking about a comparison to the united states for fifth, the u.k. ranking seventh, france ranking 10th, etc., etc., the point in that since the 1960's, when the combined for vigil and federal tax rate was north of 50% in .anada, it has since dropped much lower, to your point, then in comparable tax rate america. >> what about the business case? is their business case for them purchasing tim hortons? >> you have the problem

tim hortons is actually on that list. it was owned by wendy's for a time, then separated once again, was located in the u.s., and reverted its tax status to canada could it has done this flip-flopping before, as have several other companies. hyman, thank you. in another deal, a swiss pharma giant has agreed to by a u.s. biotech firm for more than $8 billion in cash. it is the latest big drug deal in what is shaping up to be a record year for m&a in the sector. olivia sterns joins me now with more. mark, you arel, probably thinking, is this about tax inversion? it is not. it is really a big bet on one drug, which treats a rare type of lung disease, the so-called orphan disease, and that means it has a lot of pricing power. it has the designation from the fda and is already a drug that has been approved by regulators in canada, the u.k., europe, and in japan. it is a big bet on this one drug with a lot of pricing power. it is also a push into holman ary -- pulmonary. the company wants to push more into their respiratory bus

>> well, remember that tim hortons was owned for a long time by wendy's. it's clear to see that there are advantages to a company whose primary focus is breakfast with a company whose focus is lunch and dinner. burger king had some gaps in its breakfast presentation to the market. and so tim hortons offers a really good business synergy with burger king. >> let's talk about the idea that the critics say the u.s.--studies say that the u.s. stands to lose a lot of tax revenue if this idea of inversions accelerates. but others say it's going to accelerates unless the u.s. changes its tax laws. what are the tax laws in question that need to be changed in order to stop companies from taking advantage of that part of things? >> well, first let me talk about the way that we're structured. so the u.s. stands alone among the major industrialized nations in taxing on a residents basis. if you are an u.s. company, if your headquarters is here and you're a resident in the u.s. that means that you must pay corporate tax on all the money that you earn no matter where it

but tim hortons wants to move big into the u.s. they can use burger king in order to piggyback on that franchise they can have both at the same place at the same time what you see with with things like see and some of their other brands at the same time and as always thank you this is fun and i like talking about food so hopefully we'll talk a lot more that's all for now but we love hearing from you said please check out our facebook page at facebook dot com slash. and please tweet us. from all of us here going bust thank you for watching and i'll see you next time by. your friend post a photo from a vacation you can't. call it different. the boss repeats the same old joke of course you like. your ex-girlfriend still tends to rejection poetry keep. norrish. we post only what we. do your facebook you st. our workplace has. itself like a bunch of. like. some great fire but treated. like. as and there's more than just the. i'm the rest of. it is quite carefully worded as. the government says it wants to close the secretary defense and

but tim hortons wants to move big into the u.s. they can use burger king in order to piggyback on that french as they can have both at the same place at the same time what you see with with things like k of c. and some of their other brands at the same time and as always thank you this is fun and i like talking about food so hopefully we'll talk a lot more that's all for now but we love hearing from you said please check out our facebook page at facebook dot com slash the best our team and please tweet us. edward any age from all of us here are going bust thank you for watching and we'll see you next time by. the stories we cover here not going to hear any other big stories that have struck headlines same time there's a reason they don't want you to. point. out now let's break the set. place. looks a little. live . cross talk rules in effect that means you can jump in anytime you want to. play. live. your friend post a photo from a vacation you can't afford. it different. the boss repeats the same old joke of course you like. your

but tim hortons wants to move big into the u.s. they can use burger king in order to piggyback on that francesc they can have both at the same place at the same time what you see with with things like k. of c. and some of their other brands are the same. as always thank you this is fun and i like talking about food so hopefully we'll get a lot more that's all for now but we love hearing from you said please check out our facebook page at facebook dot com slash boom bust our teeth and please treat us . from all of us here going bust thank you for watching the next time i. see good lumber jury. was able to build a new its most sophisticated robot which unfortunately doesn't give a darn about anything tunes mission to teach me the creation and why it should care about humans. this is why you should care only. try to. get. into everything. no law no weapon. like. most of us think the society most times. most cases most elite moments. sometimes from nothing which. is silly and simple. it's not just we still we can still be jobst if you

tim becomes a sort of father figure. >> we were just part of a big family. they both came from big families, and they didn't have any family in the immediate area, so they kind of adopted us. >> hey, everybody, merry christmas. >> reporter: in their christmas video card, the abaroas seem like the perfect, happy couple. >> we wish you the best and the warmest feelings this holiday season. janet, what would you like to say? >> i would like to say merry christmas and a happy new year. >> yeah, he appeared to have his act together. i mean, he was young, newly married, had bought their first home, had a couple nice cars and a motorcycle. like, "wow, this guy's kind of off to a pretty fast start." >> reporter: but the perfect man tim admires, is secretly breaking the seventh commandment, thou shall not submit adultery. the young couple soon moves to durham, north carolina, where they both land jobs at a sporting goods company, and that's when raven confesses to janet that he is sleeping around. >> he came to her one day, because he wanted to be out of the marriage

>> oh, well, because tim hortons actually is planning on taking over america. throughout the northeast they have lots and lots of stores as you would call them. >> yes. >> and there is one just two belongs away from here at penn station. that's how we get a tim hortons cup and a burger. >> i apologize. >> i love talking to you, but as soon as i am off the screen it's going get a lot worse. >> i know what's happening. all right, ali, see you tonight at 7:00. enjoy your late afternoon, evening lunch break, we'll see you at the top of the hour. coming up on al jazerra america, the defense secretary says the islamic state group is a bigger threat to the united states than al qaeda ever was, but the chairman of the joint chiefs of staff says it's just a regional conflict. >>> ukraine's president dissolves parliament as the government claims a new rounds of russian convoy trucks have entered the country without permission. ♪ ♪ >>> the pentagon is seemingly sending mixed signals over the global reach of i.s. they have launch strikes over northern iraq and led to escal

what's the big seller for tim horton? >> tim horton, coffee and doughnuts.ant chain in canada. a giant step-up in same-store sales when it report the august 6th. interesting, the stock spiked very big. we get in the papers there was some talk that these two companies have been talking before. i condition understand the big spike. though the come store sales were up, they weren't up so much the stock could have had a big run. somebody knew, congratulations. people get aware with this stuff. but this was a deal that must have been known to some insiders or that stock wouldn't have taken off the way it did. >> what do you make of the inversion aspect, tax aspect? we've gone over it, you know, right now burger king has 27% effective tax rate. i'm told, we talked about canada having 17% or 15% tax rate -- >> federally. >> i'm told with the state, for burger king, the combined with tim horton, it gets closer to 26. it can't -- you think this is being driven by the tax component? >> no. look, one company has very good breakfast meal, very strong, tim horton's been

john: thank you, tim. do you think that president obama acts like he is president or like he is a king? >> king! john: we debate the imperial presidency next. john: we're back at freedom fest in las vegas, founders of america feared big government too, that is why we have checks and balances, the constitution, this it is, and the declaration of independence but it limits what a president can do. supreme court has a right to say no, that is unconstitutional if it is not in here, it is good we have this system, we should have our copys. we enjoy here. politicians don't like these limits on their power, what congress doesn't do what president obama wants he just does it anyway, using what he calls," executive power." he did it swapping 5 call ban 5 taliban prisoners for sergeant bergdahl. and this is not right we're going to stop him say tim and christina sande sanderer ford. how are you going to stop them? >> well, you know, we are going to sue him, in fact we both have lawsuits that are challengeing various

john: thank you, tim.up, do you think that president obama acts like he is president or like he is a king? >> king! john: we debate the imperial presidency 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 help make their communities the best they can be. building something better for all of us. ♪ john: we're back at freedom fest in las vegas, founders of america feared big government too, that is why we have checks and balances, the constitution, this it is, and the declaration of independence but it limits what a president can do. supreme court has a right to say no, that is unconstitutional if it is not in here, it is good we have this system, we should have our copys. we enjoy here. politicians don't like these limits on their power, what congress doesn't do what

tim, more efficient tesla, higher stock price? in there part of the story is they're bringing costs down, there is an argument these guys may be more cost effective than the internal combustion engine. i think it's a leap of faith. deutsche bank upgraded production deliveries almost 40% in the next couple years, i think it's shocking. i think the whole concept of these guys increasing deliveries by ten-fold by 22,000 by 2020 is the assumption, there is no other competition in this base. so i'm of the ilk that says this is a fantastic technology company. don't think these guys will be competing in the same way -- >> there are a lot of catalysts for tesla, the factory product. >> i think it's a black hole. >> it's priced for a lot of good things happening. all that having been said the valuation i could never get near it. i couldn't short it either. >> last year it's up 600%. >> nobody owns it here. >> the reason why, i think, sar remarks quite honestly. it's not that we don't believe in the company. it's hard to put your arms aroun

but tim hortons wants to move big into the u.s. they can use burger king in order to piggyback on that franchise they can have both at the same place at the same time what you see with things like see some of their other brands of the same. as always thank you this is fun and i like talking about food so hopefully we'll get a lot more that's all for now but we love hearing from music means check out our facebook page at facebook dot com slash boom bust our teeth and please treat us at edward n.h. from all of us here are going bust thank you for watching and i'll see you next time by. plane is running out of many things money time and patience there's a growing recognition in europe that the ukrainian civil war must and through negotiations does partition go have the political will and does washington really want peace. this month show bush's transports gets a facelift and you can't seem bored we make the most of the sun in. this signs flourishes in tomsk and we check out some kind of let's say. technology update here on r.g.p. we'v

and i speak now as a tim horton shareholder. am so relieved that this is happening to me, because my holding in this company has been mired by the fact that it can't grow. it wasn't growing dividends fast enough for me. there was no more places in canada to put another tim horton's. yet when the company tried to expand into the northeast, particularly in massachusetts, where my boston home is, they got slaughtered by dudunkin' do. finally, i'm off the hook. a huge lift in value because of the warren buffett euphoric affect on this deal. this company is a second tier company, and so is burger king. you've got two dogs coming together trying to turn it into a winning hit. i don't know if that will happen but i'm so happy today as a shareholder i'm willing to glow in the warm and fuzzy feeling of having made such a fantastic lift in a short period of time. this wasn't an taxes. people forget in canada, federal rate, 15%. in the province of on tairia, a massive tax. up to 23%, 24%. they're not saving anything on taxes. >> kevin, tho

tim seymour, dan nathan and guy adami are traders in tonight. home depot shares soaring today of posting strong earning, raising its forecast for the year. that was after strong home builder confidence numbers came out yesterday and a strong number for housing starts this morning. so is the housing market officially recovered, mr. beaks? >> it learnly looks like it. there is only one month data but we had that spring slump that had everybody concerned. i think the moves today in housing and home depot were because everybody thought perhaps housing was slowing. most of wall street was saying, yeah, it's over. today that surprised people. so we had a 5% move in home depot today, following that through, houseing is a huge, huge, part of the commitment you have to start thinking, is the economy actually going to improve in the second half and, if so, bonds are probably mispriced. >> not a significant part of the economy. you also got the wealth fact as home values go up, prices go up, people theoretically should spend more. >> if you get easing cred

to canada after it merges with tim hortons. an activist guide to archiving video. >> once again, police beating up on people. >> as more videos of police brutality to continue to make headlines, we will speak with yvonne ng of witness, group that trains and supports people using video in a fight for human rights. all of that and more coming up. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the u.s. and ukrainian governments are accusing russia of launching a new cross-border operation to back separatist rebels in eastern ukraine. on wednesday, officials in washington and kiev said russian forces had moved across the border for the third time this week. effectively, opening a third front ukraine's battle with the rebels. the state department spokesperson said russia has launched a counteroffensive against ukrainian troops. >> these incursions indicate a russian directed counteroffensive is likely that is oflearly, deep concern to us. i will also note that we are -- i'm not sure many of you

i think fitting tim hortons into that make sense. to be skeptical, but everything these guys have done so far has been right, so i cannot doubt them now. >> and it gives them good coffee. >> better than burger king coffee. >> exactly. you.ank that was a great profile. definitely check it out. >> coming up on "market makers," how to cut off the cache that keeps the islamic state afloat. these extremists may be immune to sanctions. ♪ >> it is "market makers" on bloomberg television. i am erik schatzker here with alex deal. year, the islamic state has become one of the most feared terrorist groups. one reason -- it is extremely well funded. peter cook joins us to explain where the islamic state is getting all this cash. peter? >> the bottom line answer, erik, is a oil for one. the islamic state has taken down parts of syria. they own or possess under their seven oilfields, two refineries, and more oilfields in syria. they are selling that oil on the black market, effectively $25 to $60 a barrel. they are using their capacity right now t

is one tim hortons for every 9721 canadians.or every 22,000 americans. 15% of canadians 15 and over go to tim hortons at least once everyday. >> what is the difference between a cup of coffee at tim hortons and dunkin' donuts? canadian,opinion of a the tim hortons cup of coffee tastes better and so do the doughnuts for that matter. last i went to the dunkin' donuts, everything tasted like cake. >> canadians are very snobby about their doughnuts. >> but this is all about taxes at the end of the day. the bunnies want you to believe there is a strategic rationale for the deal, but tim hortons has struggled in america. hasican operating income accounted for less than 5% of the total operating income. they have a few in the middle east. they have 850 locations in america. 3500 in canada. this is the remarkable thing. can help them expand and become more profitable in america, but they envision adding 4100 more locations in canada. can you believe that? >> no i can't. >> northwestern ontario. will they go to tim hortons of burger king

tim horton was a hockey player.t grew out of his leg sirnlgts didn't know that he died in a car crash early on and out of his idea grew this franchise. that's not transportable in my view to the u.s. you got pete's coffee. you got starbucks in particular. you've got a coffee franchise on every corner. >> i tasted it yesterday. pretty good. >> it doesn't mean that -- >> cramer's take this morning, tim horton's one good quarter recently. birger king, second tier player behind mcdonald's. everybody take a step back. >> yeah. 10% to 13% growth is what tim horton says they'll have through 2018. >> even if you don't like the growth strategy, what investors also like, 3g. comes in, cut costs. look what they've done to heinz and other deals. this is the area where they have expertise. the fact they're the largest burger king shareholder and will become the hargest shareholder of this combined kwi, the executive chairman of this is company is someone from 3g, sweet to investors. >> josh brown? >> i think it's ironic that no

john: thank you, tim. coming up, do you think that president obama acts like he is president or like he is a king? >> king! john: we debate the imperial presidency next. there's a reason no one says "easy like monday morning." sundays are the warrior's day to unplug and recharge. what if this feeling could last all week? with centurylink as your trusted partner, it can. our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and dedicated support, your business can shine all week long. john: we're back at freedom fest in las vegas, founders of america feared big government too, that is why we have checks and balances, the constitution, this it is, and the declaration of independence but it limits what a president can do. supreme court has a right to say no, that is unconstitutional if it is not in here, it is good we have this system, we should have our copys. we enjoy here. politicians don't like these limits on their power, w

a couple things about tim horton's, they have over 800 stores in the u.s.to be owned by wendy's years ago before being spun into an independent company. i guess folks income canada who love going to tim horton's even when it was owned by wendy's where is willing to go. the two companies will continue to have separate branding, spratt separate stores, et cetera. >> what other companies besides pharmaceutical ones have tried this move in the past? >> the one the most notable is walgreen's tried it, it the pharmacy retail chain were going to merge with a uk company called the lion's boots. they were going to move headquarters overseas to europe. they ultimately decided not to do that, in part it seems because of some of the political blowback. president obama made comments. they canned that. they're still doing the merger but not moving headquarters out of illinois. >> have you ever had tim horton's coffee? it tastes like a milkshake. >> i take it black, jake. i haven't gotten to have it with milk. look it, folks in canada love it. i'm in boston. i love dunkin

tim allen, he's a cool guy. i never met tim allen either, man. >> he's real cool. yeah, i would see him on -- when he used to do the "tonight show" and stuff like that in l.a., and he just destroyed it. but we should have him on, tim allen. is he -- can we book him? is he coming to new york? [ laughter ] we're doing it right now, thanks to martin lawrence. [ laughter ] yeah, buddy, you could just call tim. tell him to come on. >> tim, they want you here. you got come here. >> jimmy: thank you, buddy. i appreciate that. yeah, thank you. [ cheers and applause ] you're the best booker ever. thank you for booking the show. i want to show everyone a clip to see how funny the show is. here's martin lawrence with kelsey grammer in "partners." take a look. >> you know, ten years ago, i was right where are. >> being stalked by a white guy in the bathroom? [ laughter ] in the throes of divorce, vulnerable, confused, a little high on darva. [ laughter ] >> do i know you? >> i am the guy who can help you get a more equitable settlement. allen braddock, your legal savior. [ lig

want to ask tonight what stocks are you buying right now with stocks if general at all-time highs, tim? >> baidu, baidu is the raging chinese bull. with 52-week highs, what stock would you buy in baidu? you look at the second quarter numbers, they are upon advertising mobile. they are also improving their margins. if you like google. ten you like baidu. they are controlling the market place more so. this is a stock i buy at these highs and i stay in it. >> pete. >> you know when the producers ask me about the they say, what do you like? >> i like transports, the airline, the big cap techs. if i look at the financials right now, it's goldman sachs. it's trading just over book value. it will accelerate into the end of the year. this is a company, when you look at it, they have had very few changes along the way. this is a company that's executing and because of that, i think there is plenty of room on the upside. >> they said they might by a long with morgan stanley next to a deal deal with the doj. >> make of america, we saw the movement since that, now also looking at goldman sachs, 1.

it gave fifa a boost. >> tim howard is going to help.ry to make everything as realistic as possible. for example, fans of tim howard are more likely to play this game as well. they recently signed the english premier league. english fans will also be playing along. what happens with the ultimate team is that people buy player packs and try to make their own teams in real life. >> most of the revenue is coming from digital now, right? >> right, 60% of their revenue now includes ultimate teams. fifa, nfl, madden nfl, nhl, these are all franchises. they have this whole sports arena that other companies do not have. >> football season is also starting. are gamers going to be more focused on that than fifa because of that? >> they might be. the way that people watch on tv actually emulates the way that they play. they want to play along with the players that they see on tv. they say that people who watch fifa during the season and not just the world cup are more likely to play all year long. >> i also want to ask you about king digital, the m