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

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

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

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

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

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

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

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

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 bank of en

you can do it with tim hortons donuts, may be.r plan. >> burger king has obtained 12.5 billion dollars of financing, and 3g capital, the brazilian private equity firm, will own about 51% of this new company. they will be the majority owner. burger king and tim hortons will remain independent brands. >> the key system here is berkshire will have no operating or management duties. it is a preferred equity financing with jp morgan wells fargo providing services. obviously within any buffet transaction you want to know what that preferred path is. -- i think off matt levine with bloomberg view, on this.o the math i need to know what that coupon is for mr. buffett. tax evasion's are better than others. he is a big fan of raising his own personal income taxes, but he is doing tax arbitrage right now with this deal. of bnpbitsberger with us paribas. this is the spirit of transnational corporations. blue chipt likes companies. from where you said, will we see more of the heinz or more of the burger king transactions? >> capital moving eff

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 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

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

burger king buying up tim horton's with the help of warren buffett. e combined king/horton's name after buff ift. josh tweets a buffett buff a, of course. >> people misspell it, only one t, might as well. >> and the cherry coke marinated buffett burger. >> cherry coke? >> and noah tweets, buffett's billion calorie deep fried doughnut cheese burg e with a dividend fries delivered every ten minutes. >> an omaha steak reference would have been a gimme. >> expensive, though. for a fast-food company to roll out. with buffett, could probably do it. be honest. >> truffle fries, anybody? truffle? >> not satis-fries for sure. >> and kayla, over $1 trillion mark? >> it did. >> for the year. incredible. add that, plus talk about europe hemping push indexes here to fresh all-time highs for both the dow and s&p 500 today. that does it for us here on "squawk alley." hitting noontime on the east coast, land toever to the "fast money/half time report," and scott wapner. >> welcome. live from post nine, starting lineup, josh brown, and stephen weiss, and also jon and p

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

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

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

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

there are intersections in canada where there are four tim hortons one on each corner. ing, apparently wants to buy tim hor tons, they are calling it a merger. burger king has more than 13,000 locations in 100 countries, tim hortons have 4,500 stores, so about a third of burger kings and they are they are all in canada. if emerged them together it would be the third biggest fast foot company in the world, on one hands you say not bad burger king is worth about $9.8 billion. tim hortons the punny company the one you called a coffee store is worth $8.6 billion. so why on earth does miami-based burger king want to move up to toronto to merge with a -- what did you call it a coffee operation is? >> yeah, yeah,. >> because of inversion, tony. we have been hearing about this a lot. this idea that american companies gobble up, no pun intended, other companies so that they reincorporate in the other country. burger king becomes a toronto-based company. and pays canadian corporate tax rates, federal tax about 15%, you add it up and it comes up to less tax than american companies

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

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

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

tim hortons is putting up surprisingly strong 5% comparable sale numbers. but that's not the kind of growth long term the market hungers for. it's doughnuts. they aren't exactly made. quinoa and flaxseed. put these two together and you have a chain with some international sales growth potential. that's why i think both stocks rallied today. not only that, time and again we seen these stocks just keep rallying. though i will say that the jump in tim horton stock after its latest good quarter now seems suspicious to me considering that we learned also in these stories that burger king contacted them not long ago. u.s. attorney southern district of new york? i give this one to you. very global burger king can help grow the very parochial tim hort horton's international. who doesn't want to be the next starbucks? you can put a horton's right next to or inside of a burger king. best of all, it takes out a player in the already-crowded fast food group where there are just way too many players. think about it. many of the mergers and acquisitions we've seen in the

the fast-food chain in talks to buy popular canadian coffee spot tim hortons.nt obama telling cnbc tax inversions not good for the country or for americans. we'll hear from someone who says tax inversions are not just great for shareholders, they're also good for workers. stay with us. this is a burrito made with chocolate, soybeans, and apricots. what kind of chef comes up with this? a chef working with ibm watson, on the cloud. ingredients are just data. watson turns big data into new ideas. and not just for food. watson is working with doctors and bankers to help transform their industries. today there's a new way to work. and it's made with ibm. just want to say, i bundled home and auto with state farm, saved 760 bucks. love this guy. so sorry. okay, does it bother anybody else that the mime is talking? frrreeeeaky! [ male announcer ] savings worth talking about. state farm. >>> welcome back. there is another company angling for a tax inversion, and this time, it's canada, not the uk. burger king seeking to buy coffee chain tim hortons, and our sara eisen h

tim horton's. it would be a whopper of a deal that could have a major impact across that industry. we're going to debate it next. >>> then, ralph lauren is going high tech with a new polo shirt that can monitor all kinds of data from an athlete. we're going to get a closer look from david lauren. it's all straight ahead on "the half" live from post 9. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. you just have to win 70% of your points at net. and keep unforced errors under 10%. on the ibm cloud, the us open analyzes 41 million data points from 8 years of competition to uncover key insights. data c

but burger king is going to compete in some areas where tim horton's is strong. that's breakfast. burger king is in a quit services industry in america and canada, that's where horton's is strong. the second is coffee, tim horton's very strong in coffee, it's the leader in canada. very well-known in the united states. burger king not really, you don't hear people talking about going to burger king for their coffee, right? this is an area where burger king can potentially gain. >> how do they balance the pr damage that's going to be done in the united states versus how much money they'll make? >> i think corporation like this are very well prepared. it's not first time you have tax inversions happening. we can see that in other areas, companies are accustomed to that, at the end of the day -- >> those companies are different. this is a consumer business in the united states. loyalty is a huge part of their brand. and it's an american company. doesn't that make a difference, or not? >> it does make a difference but if you look at the stock market today, burger king's stock was up abo

we're looking at other potential deals, as well, with regard to tim horton's deal, too. you have a federal corporate tax rate of 15%. the government is looking for all provinces to get some 10% for a combined 25% tax rate when it comes to the possible burger king/tim horton's merger. tax inversions, how do we go from here given that we don't know what the outcome with with the ncos? >> we're quite with a lot of companies taking part. they're taking over in these deals are putting in the -- so if you look at the share of the deal, which which has been agreed, that if that doesn't go ahead, they've got a $500 million break in there. it's a real factor to try and make sure this deal happens wlb tax inversions are still as attractive or not. another thing that's interesting is a country what would never have fought over tax havens are suddenly becoming popular, like canada, the uk, uponco, they've got switzerland. the tax ra seem is so messed up that companies are looking to have to go to more and more extreme rates against nontraditional tax havens to find those savings. >>

burger king gone they want to acquire the canadian donut and coffee giant tim hortons. if you mean the king that makes its headquarters in canada where the corporate tax rates are lower than the u.s. i am joined by greg giannone up. cecraigjia mona -- giamonna. deal cannot yesterday in a that would make the third largest fast food chain in the world. the tax issue was what people are telling us is a big thing driving it for burger king and the other owners. >> what are the tax implications? >> tax inversion which is what we have heard about. they will move the corporate headquarters up to canada where there is a lower tax rate. about 27% inaid 2013 which is a bit over what they would pay in canada. the feeling we got is that it is a part of a long-term tax break. you would get close to 35%. it is a bid to lower their tax rate long-term. >> is this a legal term? do they have to move any physical operations to canada? >> it doesn't seem like they do. it seems like they have to work it out so. till. there is a potential way they could get around some of the legislation tha

and tim hortons does not do a lot of business in america. they are huge in canada.rger king do the same amount of business. they are almost the same size. it is not like burger king bought this small company. >> in a way you are saying tim horton's is the nickleback of fast-food. >> it is more like the brian adams. >> better than triumph maybe. >> joanne, you dated tim hortons in the 80s. i don't know what i am saying at this point. will people boycott burger king? >> listen, people say they will. but they are the same ones that have whopper sauce on their pants. >> yes, whopper sauce. >> do i have to go all the way to canada for my drunk fries? >> no, they will be here. >> they are just moving the corporate office. >> i knew that. i was kidding. >> you can still get them here. >> no really, the only thing i like at burger king are the chocolate milk shakes. there is something about those chocolate milk shakes it is unlike any other place. >> i like their chicken sandwiches. they make great chicken sandwiches. i do like their burgers. everything happens really quick

burger king is in talks with buying out canada's tim hortons.al deal could ignite further debate involving tax inversion. the tax rate is 26.5% versus 40% in the u.s. according to an accounting firm's website. 3g capital would continue to own the majority of the shares in the new company. a merger between burger king and tim hortons would create the third largest fast food chain. we'll take a look to see how shares of tim hortons are trading before this deal. they are up substantially, almost 14%. perhaps the market is bidding that this would be a good deal. investors might very much like it. of course, it would very much increase the size of that company and cause potentially some waves when it comes to tax inversion, too. >> courtney, thank you very much. good to see you. we'll talk again soon. courtney reagan there from the states. >>> let's move on and talk a little bit about what is on the u.s. agenda. the big focus is on new home sales data, which is out around 10:00 a.m. new york time. wall street anticipating a gain of 425,000 units comp

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

adam: talk around burger king acquisition tim horton's focused on company's saving taxes.theme, americans fall out of love with traditional fast-food chains is really at play here perhaps. look at mcdonald's, their sales were down 3.2%. one area grow something fast casual. their sales jumped 11% in 2013. what is the future of casual dining industry? joining us three ceos. wing zone and phil drive field of captain d's. gentlemen, thank you all for being here. not only myself but the crew enjoyed meals at your restaurants throughout. i want to start, go first with matt, wing zone, your chicken wings, you're not burgers. but there is all kind of thing at play here. burger king is perhaps one not saving on taxes. they have to build their base. people are not eating burgers the way they used to, right? >> correct. poultry consumption in the u.s. is up. beef prices, pork prices have been at record highs. so we're in a great position at wing zone with poultry prices being stable. we've always played in the fast casual segment, even through our 20 year history. >> your sales are u

they're still much, much more all over the place than tim horton's is. can they bring that brand abroad? i'm not sure. >> j. j. thanks for coming by, i appreciate it. j.j. flash, aka john jannarone. guy adami you said on the 19% burger king shares it was still a buy. now what? >> i think burger king works regardless. obviously, this huge move yesterday, sold off today. i like bkw. i like mcdonald's. given the choice between the two, i think more beta in mcdonald's. >> did the stock go around when they said they were not doing it? those all sound like good reasons yesterday, the stock was up, all time highs. you have to wonder, if it's a build out this brand globally. >> tim horton's. >> it seems like a good choice. >> pete najerian made a good point. burger zinc king is in the big space. more importantly, though, this deal is going to be one of the most important deals that's done because of this inversion, i think mr. buffet's involvement is very important. i think this is a -- >> that's why it's the gains. >> it's a wake-up call. i think this deal is h

tim hortons mostly based in canada. has a few hundred stores.tates as well using burger king's leverage overseas they could grow globally. there are a lot of reasons fundamentally for investors to like the deal as well. but cost savings, definitely appealing, too. >> thank you so much. >>> we are now learning how much the american taxpayers will spend on the republican lawsuit against president obama. nbc political editor mark murray will join us with the hot topic next. >>> also ahead. >> i think it's a good idea. you know, the world is a scary place these days. >> a group of college students is working on a way to detect date rape drugs. get this. with nail polish. we're going to tell you how this would work and where they are in the creative process. plus, a little boy survives after an suv runs over him. he survives. cameras captured what happened next. one of the stories we are following around the "newsnation." (vo) friday night has always been all fun and games, here at the harrison household. but one dark, stormy evening... she needed a

purchase of tim horton's. >> thank you for that. we hit the streets to talk to new yorkers about burger king moving to canada. and the response was shock. one woman told me, it is the american whopper. also coming on today's show, the battle over e-cigarettes, the world health organization now take as stance. do e-cigs help people quit or are they simply a gateway drug. america moving toward a self-service. i'm taking a test drive on one walmart devices but walmart put the brakes on and i'll tell you why. >>> united airlines flight forced to make a stop because of gadget called the knee bender. this is the willries report where consumers are our business starts right now. we begin with burger king, first the obama administration is driving businesses out of business, think about coal. now the white house is driving businesses out of the country. today it is burger king and the

and tim horton's doughnuts. >> okay. i don't know that one. >> you better find out. >> there is one around the corner. >> do it. it's good. >> all right. i'm sure they are very friendly there. they are canadian, after all. thank you. >>> no secret that airlines know how to pile on fees on our bills but there are some new findings out of nyu that show hotels are adding more surcharges than they ever have. sarah, it says your room is $195 a night and then by the time you get finished, it's like $300. >> exactly. that's exactly right. just this year alone, hotels have made over $2.25 billion in just these add-ons alone, more than double from a decade ago. so the way they get you is things like guaranteed bed size. you want to make sure you have two queen beds in your room, they might charge you for that. also, early check-in and check-out, some hotels are now adding fees for that. that in-room safe that you may or may not use, you are automatically going to get a surcharge on your bill in some chains. also, luggage storage.

. >> dubois: burger king is going ahead with its purchase of him tim horton's. they will pay $11 billion for the canadian donut and coffee chain. it will get tim horton's more than 10,000 locations and tax advantages as well. here'ses can nair. ♪ have it your way have it your way ♪ >> reporter: for more than 60 years, burger king has encouraged americans to have it your way. today's acquisition of canadian donut chain tim horton's means they can now pay taxes their way, by keeping profits north of the border. but today on facebook, burger king denied the purchase had anything to do with taxes saying, "we're not moving, we're just growing and finding ways to serve you better." but customers like clayton james aren't buying it. "moving to canada to dodge taxes? ate my last whopper." john engler is the president of the business rounda table a group made up of c.e.o.s. >> it's a rational decision. it's sort of like somebody moving out of new york and moving to florida so they don't have to pay a state income tax. >> reporter: he thinks companies will keep overseas p

gerri: we told you about how burger king is in talk to buy tim horton.r place to do business than the u.s.? we asked the question on gerriwillis.com, 73% said yes. 27% said no, i'm shocked, log on to gerriwillis.com for our on-line question every weekday. >> tonight's emmy awards could be a new record breaking one. if "modern family" wins for best comedy it would tie frazier with 5 wins each, ceremony airs tonight, 8 p.m. eastern time, it will include a tribute to robin williams from his friend billy crystal. >> tonight, never thwart a mom. a texas woman developed a app to force teens to call home, to me, the most amazing thing is that sharon is not a software engineer. she is a gulf war vet, and climbed mount kilimanjaro, she is no one to be messed with. she said creating an app is not that difficult, bravo sharon. tomorrow, from airline to restaurants, we're turning into a self service nation, but not everyone is onboard. we will have story with todd march tomorrow night, making money with charles payne is up next, stay tuned for that. charles: tonight