What could be next. On that happy note, lets get right to it to ben stein, and charles fain and gerri willis and adam koshinski. And i want to remind you that it is still cavuto even though i was out last week. And okay. What do you make of this, Charles Payne, because we all hear the hack attacks, but this is serious of how far it attacked. And how sophisticated, and talking jpmorgan and because it was backed more or less by the russian government. And the russians are saying it isnt. And i trust putin. And we are listen etening t. If i were spearfishing i would let him go in front of me. And here is the thing, the electric grid is a big target, and the oil and gas industry is getting hit all of the time and the banks, and i think that we should take it more seriously, because it is not the target hack, but this is ultimate red flag here. And why is this happening . Well, it happens everyday. The attempts are everyday and it generally comes from three sources, and the banks are dealing with the threats from russia and the middle east and china. Those are the sources. This is one of the downsides of having like five or six major banks out there controlling 70 of the assets, and you have to hack one place to cause damage. Jpmorgan is the biggest bank in the country, and it does b business with every major corporation, and lot of consumers and i mean, you screw up jpmorgan and you are screwing up the u. S. Economy and i will say one other thing that i was speaking with a bank ceo and he said that he spends 80 of 90 of minutia from the doddfrank and dealing with the ridiculous law. Did the hacking come up . Well, they are spending a little bit too much time, and before you laugh, ben, they are spending a little bit too much time on the volcker rule and not enough time on this. And it is interesting that it is side tracking them. And what do you make of that . Well, they are trying to make us feel better saying it happens every single day, and that is not making me feel better. The good news is that we heard about it quickly. If you remember with target, we did not hear about it for weeks and weeks and weeks and of course, the big kahunah v is bank. With target, they are going to steal the credit card number and the street address, but the bank, as you showed at the beginning of the show, they are taking money right out of your accounts. Well, they ve progressed than prior hackings, and many have argued, ben, that it is setting up a practice run or dry run for something. And what do you think . Well with, in all of the checks and the debits, and the kit kat club in california, i have been telling my wife that it was russian hacking, and now she knows conclusively that itt is, and e j entertainment, that is russian hacking. And it is a big problem and i dont know the solution to it, but surely some kid out there in san jose or santa cruz who has some program that can stop the hacking. I mean, we have paid billions for the games and the crushing little pieces of kcandy, why cant we spend some billions for the hacking defense. It is hard to believe it cant be done. And you know, adam, after the kids who do the hacking, and governments do the paying, to get them to do the hacking a lot of times that is the case, but how big is this going to be . How worse is this going to get, and are we just seeing the warmup act before the accounts are zeroed out, and all of the sudden, everybody is going to be going nuts . Well, the bad news is that it is very bad andnq businesses a government are taking it very seriously and to charlie, the three major sources are china, russia, and criminals generally, right . Kr criminals generally, and this is a big, big business for them. And why did you leave out the middle east . Because the criminal element is to go along with the list of three. And adam talk to anybody about this, and know that terrorism is part of the equation . All right. Let me get to the good news and that the cup half empty and serious, and the good news for consumers and Bank Depositors for example, you are insured, but it is a way bigger problem for jpmorgan than for us. And you are shaking the head there. Little comfort . Cold comfort. And so go fill out the form, and spend a week or two trying to get the attention of the right regulator to give you the money back and how long is that going to take . I want the guys to protect us right now. And you are following the financial crisis we have a huge law called dodd frank and you have brought it on the set how thick it is, and thousands and thousandings of edicts and the Cyber Attacks and hacking is not part of any of the regulations and these guys are spending a lot of time on this. That is a different conversation, my friend sgrchlt you talk to the bank ceos and they are spending a lot of time them and their boards are spending a lot of time interpret ing the volcker rule, and what would happen with you and dodd and frank . I mean. Well, i like mr. Frank and mr. Dodd. Well, he was well, i know both of them, and they are very nice, but. And you know, people are looking at this, charles, and saying, you know, i dont believe that we hear it a lot, but i dont believe that we are aware of how close this was close to nuclear. And adam, the idea that the banks have you covered, and wasnt that the the fdic, and that is by the way, your account that we showed at the beginnings. And also, these are dry runs. Dry runs for something bigger. Ultimately. And i know that. I believe that. Amend it is reconnaissance if you will, and go and see what you can get. Oh, no, i believe they are direct. And one thing is, and i have looked into this dodd frank, young man and i looked into the details and in one case, what they did is to get into the experiment of how you could make an account disappear and pull it back, and experiment again and pull it back. And experiment and pull it back again. That is the experience of hacking. Because talk to adam out there in silicon valley. That is what is worrying me, that it is a warmup act for something. Well, the department of antihacking. And i want to say that the corporations in particular and charlie, i talk to the Board Members and ceos and cyberterrorism, and Cyber Security is at the top of the list ofo w concern, and they a working hard at this. And adam, i have to stop you there, because the budgets dont say that. They need to spend a lot more money. They have more money on the compliance officers than stopping the attacks. 250 million households at s risk here is the number of clients at Jpmorgan Chase customers. So you have the think that a lot of people have 2 trillion in deposits. That sin sane. And the fdic is going to be running. And yes, up to 200,000, right . Well, up to 250,000. And you could use a variety of aliases. And neil cavuto. And ben . Well, if this is really all that serious, why dont we have legislation . Why dont we have government mandating that there is some kind of expenditure to prevent this . I mean, surely if we can i dont think that we can, ben. I think that on the move, and i agree that it seems normal, but when you talk to the folks, they say that every mousetrap that you build, they have a smarter rat to go around it. And it keeps happen iing. You know, that is spot on, ben. They cant deal with it. That is poton and what they are learning is that it is a lot more that you cant stop it, and what you need is a plan for when it happens. Okay. And that is where that is going. Adam was complimenting. Go ahead, adam. Let the compliance officers invoke the volcker rule, and more computer programmers trying to stop the hackers. And everything is about Big Government with you. You are a hater. You are just a hater. We will come back here and the lawmakers have a beef with burger king, and you have aerd that, but maybe it is their buns that we should be kicking. We will hear some explaining in 90 seconds. Youre here to buy a car. What would help is simply being able to recognize a fair price. Thats never really been possible. But along comes a radically new way to buy a car, called truecar. Now it is. Truecar has pricing data on every make and model, so all you have to do is search for the car you want, there it is. Now youre an expert in less than a minute. This is how car buying was always meant to be. This is truecar. And good morning, im kelly wright. A rookie indy car driver in serious condition after a terrifying crash last night. And in turn two, ideally, i think that youd like to be low and in particular in going into oh, a huge crash here. And the driver finishing up a practice session in fontana, california, when he lost control of the car and slammed into another, and he is now hospitalized with multiple broken bownbrok brokbrok broken broken bones and a concussion can. And joan rivers in serious condition where snhe is now in medicallyinduced coma after undergoing an inoffice medical procedure, and doctors are not sure how long she was not breathing. For more of your headlines go to foxnews. Com. Well, burger king wants to have the whopperer and doughnuts and, well, eat them, too. And the fast food chain is buying tim hortons which has some lawmakers sizzling mad, because they say that b. K. Is cooking up the deal to head north of the border to pay more in taxes. And b. K. s chairman has come ou to say, look, we save 27 here and that is the prevailing rate in canada and it is even steven sw swap. That simple . No, in america, their business is crumbling, and in the last quarter they closed 22 stores in the last quarter. Dont blame me. I am doing my best. That is why you have to be interviewed by them. Yes. And that is the thing, the business is booming outside of america. So when you are is that right . When you are booming outside of america, and you want to bring the money back home to spruce up the operations here, you dont want to pay an extra 35 on the taxes. And that is where the big difference comes in. They could bring the money back home to the new home in canada and doing Something Like create local jobs in canada that should have are been krcreated here. Do you think that the particular deal is getting a pass or at least nobody in the white house is criticizing it, because of a certain player . Well, the best part of this story is the involvement of the president s, you know, goto fatcat limousine liberal Warren Buffett. Oh, oh, oef. And to give financing so burgerer king can engage in a tax dodge that [ muted ] and that jack lieu can come out to penalize the companies, and i wonder if having buffett in that throws a complete Monkey Wrench in the deal. Well, have you heard this . Reyes, and in the meantime, stopping the inversion, everybody says, i have to get in quickly. Although, they will r retroactive. And what is the conversation of obama and buffett . Well, he said to buffett, you sold me down the river for 9 , and he said, yeah, well, i would have done for it 7 . Well, it is weird, is it not . Well, i mean, it is a tax dodge. And go ahead. Charles is 100 right, Warren Buffett is going to do what is in his interest, and we should know that about him and admire him for it. And neil, i want to know what you think, because it is one of the situations where you say that the politics are clear herings and the politics are clear that the tax dodge is going to close, and it is going to close, because it is going to be harder for American Companies to do that. And shouldnt it close just to make it not so prohibitive to do business here in the u. S. . That is one way. And the taxes on corporations are extremely low and extremely high. So talking about proportions, burger king has plenty of money to spruce up the stores, and they need better management. And secondly, buffett has stockholders and he is not doing it by himself, because he only owns onethird of the company, and he has stockholders and we stockholders benefit from it, and shouldnt we stockholders be able to benefit from it. And you dont see the hypocrisy of this of Warren Buffett and sitting up there in 2012 is nnt that a brazilian fir . And not only that, but Warren Buffett aided and abetted the attacks on mitt romney, and being part of the outside part of the obama administration, surrogate for obama in the 2012 campaigns, because mitt romney ran a private equity firm, and look at what he is doing here. And look at the argument of the higher taxes, hurt small businesses. I mean, the business doing three or four or 500,000 a year, and Warren Buffett getting behind president obama was willing to destroy those guys. And also, Adam Lashinsky would be putting it on the cover and the headline would be hypocrisy. And you cant ignore it here. Burger king and smurger king. This is not critical to the health and wealth of the United States of america. Oh, yes, it is. And it makes the health critical. But Applied Materials is, and that is a combination that is to a lesser and you say that for the alfalfa conglomerates and then you would be singing a different tune, skinny. But ben stein, i think this is going to go through a lot of reasons that you go because it is not walgreens which is runaway and leave the u. S. Government high and dry, but what happens in the interim . A rush to the alter for deals like this to try to beat whatever legislation may be coming . Well, it may with be, but look mr. Buffett is trying to do the best by the stockholders and perfectly fine, and nothing wrong with it, and he did not t attack the private equity, but the tax stream of the private equity investment. You are slamming him for something that he did not do. And you are not critical . No, i think that he is the great greatest guy in the world. He is an immoralizing doof. Oh. When we come back, and smoking gun in the irs targeting scandal . Well, we may have found the smoking blackberry. The ford gang will debate it and why the taxpayer should be fired up all over again. And next, the unions will be out protesting for more pay, but what about more jobs . Huh, fifteen minutes could save you fifteen percent or more on car insurance. Everybody knows that. Well, did you know words really can hurt you . What. . Jesse dont go jesse. No im sorry daisy, but im a loner. And a loner gotta be alone. Heee yawww geico. Fifteen minutes could save you fifteen percent or more. Jesse . Coming up, why a labor day push for a pay hike has some worried about their jobs. We will talk about taking a what do we do . What do we do . If you think that they are loud, wait until they are kicking up the rage over the minimum wage, but are they asking to kick more jobs to the curb the more they do it . Well, the more people who earn minimum wage in the country is less than 3 , and if you are obsessed you cant see the forest for the trees. The problem is job growth, and people need jobs and we are not getting them, and why would you concentrate on the tiny sliver of people at the end, and instead of the real problem. Well, they are loud and getting majors and other people hiking the minimum wage. And this is another form of the classic utopia welfare running to keep this ruse going. The fair society where you dont have to improve your skills. You dont have to become a better person. Well give you the money. We will make sure you get paid something you dont deserve. Burger king, 88 . You hike the minimum wage on a company like that from 7 to 15. You completely wipe them out and theyre gone. You seem upset. Gas bill . I think there are two stories there. A political story. Dod frank. This guy can work. The political story probably has to do with dod and frank. ; รท where do you get your stamp of approval . You have to be for a hike in the minimum wage. Thats why it resonates among a lot of pligss. All the way down the line. The economic story is totally different. It is about the economics are against raising the minimum wage. It hurt small businesses. It leads to less job creation. This is not just like conservative right wing nuts saying it. This is mainstream economic theory. We will tell you mainstream economis economists. Midrom knee signed the minimum wage. Not 13. 25 as the la mayor wants to do. What do you make about that. I any that minimum wage should be raised but i think the smartest argument came from Charles Payne who said if you are getting minimum wage its your fault not mcdonalds. Its your fault. Adam, im wondering those who advocate hiking the minimum wage point out that 12 states or so that have done it or look to do it. The job market has improved and they throw that back in republicans face to say look, we can do this. This can happen. But whats the limit . Precisely where i was going to go. The good news is we have job growth whether or not we raise the minimum wage. However we want to define that. My gosh. If you cant its a disaster. They do it in response to the need in the marketplace. A plez. Up next. Call the s p 2000. Our pros and picks that can keep you in the grand. All right. Stocks set to make history in an already historic market. What have you got . I like strategists that go maybe 200 from here. Adam . Wells fargo. Well run San Francisco bank will benefit in a raising rate environment. Csx, i love railroads and this is a great railroad. We finished a little too soon. Here is where i say choose a system. Fox news continues now. Is the president about to get out his pen and strike a deal with the u. N. . Were push ing pushing the c climate change. Now, some here say this latest end run around congress is going to put u. S. Jobs on ice. Are they right . Welcome to forbes on fox. Ruth, mike, and john, it would