> we targeted al qaeda's affiliate in yemen and eliminated the top commander of its affiliate in somalia.">
> we targeted al qaeda's affiliate in yemen and eliminated the top commander of its affiliate in somalia." property="og:description">
> we targeted al qaeda's affiliate in yemen and eliminated the top commander of its affiliate in somalia.">
"varney and company" starts right now. >> we targeted al qaeda's affiliate in yemen and eliminated the top commander of its affiliate in somalia. we have done so bringing 140,000 american troops home from iraq and drawing down our forces in afghanistan where combat mission will end later this year. thanks to our military and counterterrorism professionals of america is safer. dave: that was president obama last night. he says the nation is safe but you disagree. a new fox news poll out this morning shows 77% saying they think isis is planning an attack on u.s. soil. let's get to one of president obama's harshest critics, dan henninger of the wall street journal joining us now. magnificent article called the humbling of a president in the wall street journal. what do you mean by that? >> what i am suggesting is this is a president, we hardly had a previous president who has had more self confidence in himself, so much so that his campaign manager in 2008 wrote in his memoir of that campaign had previously barack obama said he thought he was better at politics than anyone he might be hiring for is campaign. he told another aide that he thought he knew more about policies and any of his policy directives which suggested to me that barack obama for the past five years has been his own secretary of state, his own secretary of defense, his own national security adviser but in a week running up to the speech last met the press was full of stories about his misstatements on terrorism such as that they were nothing but teens now and his misstatements, missed decisions on policy, the ref line in syria, the reset with russia. all of that should have had a very humbling affect on this most self confidence of presidents. dave: usually presidents build hubris, this guy came into office with the enormous new breasts, with a nobel peace prize and the adoration of an entire world, not that surprising he came in withcamew himself. >> i don't think he will change his stripes. dave: you ask a question i want you to answer. you say in your article mr. obama is not close to being his own best secretary of state. his own best secretary of defense, his own best national security adviser or his own best cia director. the question is does he know it? >> i don't think he knows it. finos exactly what he wants to do. one of the most interesting things in the foxhole is 57% of respondents think he has been indecisive on foreign policy. that is likely misunderstands barack obama. has been very decisive in the sense that he does not want to be involved in iraq or syria and the in decision has been him pushing back against being involved. dave: but like it or not he now -- no. on the ground, there are. on the ground, that is what special forces guys are wearing, they are not wearing loafers, they're wearing boots. he is engaging, the question is can he follow-through? military actions have a way of escalating. >> the question is whether barack obama is going to be the worst impediment to his own policy. will he sustain interest in what he has committed the nation to in northern iraq? that is the question. the second one is will he allow the experts to take control of the military policy and execute it in a way that gives it a chance of succeeding? that is a big and noble at this point. dave: let's talk about the military. there is a chain of command in this country, we are a country whose military is guided by the politicians, not by the military leaders but do they support him. is there a weakness in that chain of command? >> they support him. i think they will do things of to the limit of what the president allows. dave: let me answer my own question. at one point the commandant of the marine corps, general a mess who will be stepping down, actively oppose him, not needing him by name but opposed his policies in a speech he gave in july. that was an interesting moment. >> yes it was. in our time since the first iraq war, extra strategy's about doing something like this. one would be the powell doctrine which is you go in with overwhelming force with the expectation of winning. and the counterinsurgency which indeed pacified and defeated, where the islamic state operates. barack obama is going close to something we have in the early stages of vietnam. gradual escalation. gradual escalation leads to tit-for-tat between us and our opponents and it gets bigger slowly without any possibility of a decisive victory. dave: quick question that demand the longer answers and we have time for, 9/11, 13 years ago. where were you? >> i was on bit the street on a beautiful morning outside the world trade center and believe it or not i was simply walking down that street and as you do on blue sky days i looked up, i saw the first plane fly into the north tower. when i looked down i said the plane is inside the tower and what looked up i said there was nothing but a gas. the plane was inside the building and i stood there and watched both of those towers fall down because that is what we do in this business but for those of us who were there like that it is the moment we will never forget. we will never forget the significance of what was done to the united states that day. dave: let's check the big board, the s&p 500, the s&p 500, the dow jones industrial average, down 75 moments ago, straighten up and down the significance, wind pressing for the downside. it is about 2.5%. the s&p 500, 1991. radio shack shares, cash situation worsens right now and lulu lemon is a big winner today, the company reported higher profits and raised its forecasts. shares of lulu lemon, $44.95. but the news not so good for crops. nicole: buckingham research today putting out a note, so many reasons they are cutting stock from neutral to buy. in the long term going forward looking at 2015, investors at this point going forward, shoppers are feeling the cost cutting type of mood. the reception going forward seems somewhat cool. we have turnaround in sales trends, may not happen until 2016. in the near term the sales trends are weaker, regional and seasonal as well as foreign exchange rates. those numbers, foreign-exchange rates going forward for earnings per share. there is no reason to be optimistic. for the near-term they lower the phrase to $14 from 20 so right now it is not so hot. dave: thank you very much. coming back to you in a moment. 9/11 a day of remembrance for reflection for americans across the country. so many have given their time and contributions to charities helping the victims of the attacks. dave lindsey was honored with his charitable work with the 9/11 foundation by helping ring "the opening bell". he is the ceo of the superservice challenge and he joins us now. i ask a lot of people where were you on 9/11, 13 years ago? >> recently moved to new york. i was in indianapolis and i remember getting ready that morning and coming downstairs and hearing the radio and my whole day change. dave: the radio or the tv -- >> canceled all meetings and was there all day. dave: how did you get involved in helping the victims? >> i am part of a group code the search -- the superservice challenge. we're national movement in urging teams from the workplace and businesses to go out and serve. there is no better day van 9/11. it is amazing september 11th has become a national day of service and we parted up our challenge with this specific day and the foundation to shine more light on the power of service and we estimate 40 million people will go out and serve and do something great. dave: thousands of people joined the military as a result of what happened on 9/11. i have spoken to numerous veterans, a son in the marine corps joined before but so many of his colleagues joined as a result of 9/11. have you noticed the same? >> absolutely. the horrible things that happened on that day 13 years ago we saw a humanity respond, not only on that day but it continues on and shows up in our armed forces, service folks, it really shows up in nonprofits all across america and that is why we are seeing, our specific focus, brad the people from the workplace, let's mark this day not as a day -- of course it is a day of sadness but let's bring life to that day. dave: i was here in this situation during 9/11 following it for television viewers. for the next six months in manhattan after the attacks there was this extraordinary moment, six months long moment when new yorkers were together like they had never been together before. patriotism was extraordinarily on the rise, we were too sophisticated to wave flags in man and but not after 9/11. after a year things began to die down, people began to forget. is it more difficult to get people to remember? >> i think days like today, when we mark this day with something more than a memory but by serving, the way we keep the memory alive and honor those that have fallen, honor those who served is to serve ourselves. can it be difficult? sure but not just in our memory but when we meet it in our action, go out and serve today, do something today, surf and you can go to superservicechallenge.com and what is there is not just information on how to serve but how to win money for your non profit. dave: thank you for your service. appreciate you coming in. you really can't make this stuff up. the irs scandal getting more and more unbelievable by the day. two developments for you next. one taxpayers shelling out $23 million last year to pay irs employees to do union work. and 2, the obama of justice caught red handed mistakenly calling congressman darrell issa's office asking what information the doj should be leaking too friendly reporters. monica crowley is next. >> they actually given the context of the obama administration that they could do that and get away with it. not true. this irs scandal is the most dangerous scandal in u.s. history. dave: the market is down today. has been done worse than the 58 point loss is not nothing. it is a significant downward trend down 75 and look at this bowl. in more. a lot of people saying now is the time to get in to gold because it has come down so much. it has come down enough. it is down $6.20 to 1239. oil getting a little upgrade today going up to 92.3 for a barrel of oil, that is double the more than 1/2%. interesting turn on oil to the upside. shares rallied yesterday, iphone 6 goes on a week from tomorrow. investors are concerned apple pay may give ebay i run for its money. look at ebay shares. they once owned paypal. they are down a tick but they went way down yesterday and the day before. to the irs congressman darrell issa, the man leading the targeting investigation got a phone call from a justice department official asking which documents he should release to the media. turns out the guy from justice thought he was calling democratic congressman elis the cummings, called him darrell issa by mistake. monica crowley is here. i saw the judge on varney yesterday going apoplectic. he is pretty wild anyway but i have never seen him more upset about something. you famously said you think this is the worst scandal -- >> the most dangerous candling u.s. history. dave: does it put icing on the cake? what it shows is the justice department is being used as a political tool. >> when president obama sat down with bill o'reilly, not a smidgen of corruption when he didn't know or maybe he did know and he was lying but every day when you think you heard the worst of this irs scandal some other new revelation comes to the fore and you hear about something else. this is so incredibly corrupt, the idea is that that doj called who he thought was elijah cummings, ranking democrat on the committee to try to coordinate the press coverage, what documents they were going to release, trying to micromanage and not just the original situation but the cover-up of the cover-up. dave: do you think these are people who are concerned about the long-term credibility, if the irs uses its credibility entirely, it is close to that, we break the social contract, makes it difficult for people to turn in their contributions to the irs if there is no trust. >> they are not contributions. dave: are they trying to maintain the security and integrity of the irs if possible or is the this order is coming from the white house? >> there not interested in integrity of the irs because then they never would have gone down this road of targeting conservatives and tea party groups to begin with. the irs is the most fearsome arm of the u.s. government because the power to tax is the power to destroy. it is always tried at least to be non-partisan and out of the political fray. the way it was used this time is so outrageous and the reason i called it the most dangerous scandal in u.s. history is in the past when the irs was used as a political weapon was always elites versus believes, not to excuse that, it was wrong nick van too but it was always the kennedys against richard nixon or lyndon johnson against nixon or nixon using the irs against a single political opponents. in this case is the elites versus regular americans by the thousands. dave: for those who don't know the history, you used to work with richard nixon after you was president but that was part of the impeachment proceedings brought against him that involved his use of the irs or his attempted use -- >> the mere suggestion. dave: so that was considered by congress to be an impeachable offense. why is it not now? >> as well in should be. this investigation has been ongoing for quite awhile since the revelations first came to the fore, then we have lost e-mail, crashed hard drives, wiped blackberries. it keeps getting worse and the reason you have -- there are a couple reasons why he hasn't been impeached as well he should but one of the reasons why the republicans cannot get answers is because the democrats have been stonewalling this affectively the even these congressional investigation -- dave: now we have news about the union workers who were paid at the irs up to $138,000 a year to do nothing essentially. even lois lerner was complaining in e-mails, the e-mails were discovered but she had e-mails talking about these people who were doing nothing, they were working full time and she fumed that we can't do anything about these people. the gold brokers at the irs, not bad enough when they are working their doing political work but we find out people paying $100,000 a year for doing nothing at all. >> so many people doing union work on the taxpayer dime. in one year taxpayers footed and $23 million bill for folks at the irs to do half a million -- dave: why doesn't republican candidate have one point to get rid of the irs? it is hopelessly out of date, irresponsible, corrupt. why don't republicans do that? >> as well they should and i hope some of the republican presidential candidates will make this an issue because just like terrorism, we have been talking about all g, the irs is a come and touchstone for every single american. everybody pays taxes, we all fear the irs, something every voter can relate to. dave: time is money. three headlines. moving to mandate free medical marijuana for low income residents ordering dispensaries to downie 2% of their stash for people making $32,000 a year. welfare for we. college loan debt, credit bureau experience, on average students carrying $29,000 of debt from 23,000 to 2008. apple offering a free you 2 album in conjunction with its iphone and apple, one problem, the download is automatic even if you don't like it, it will end up in itunes anyway. some people are not happy about that. global warming activists use their boat to block a coal ship in massachusetts face criminal charges and of 2 two using jail but then the district attorney drops those criminal charges because he says the activists were acting to reduce harm to the planet. global warming as a legal excuse, the full story coming up next. 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[ male announcer ] while identity theft can't be completely stopped, no one helps protect you better than lifelock. and lifelock stands behind their protection with the power of their $1 million service guarantee. you have so much to protect and nothing to lose when you call lifelock right now and try 60 days of identity theft protection risk free. 60 days risk free. use promo code: onguard. order now and get this document shredder to keep sensitive documents out of the wrong hands. a $29 value free. call the number on your screen or go to lifelock.com/onguard to try 60 days of lifelock identity theft protection risk free and get a document shredder free. call the number on your screen right now. >> cantor fitzgerald lost two thirds of its workforce in the world trade center attack. they have turned a tragic anniversary into a positive event. cheryl casone is in downtown manhattan with some familiar faces. >> good morning. you made a trade just a few moments ago. how do you think you did? >> what is your -- charity today? >> wounded warrior project. i just had to get in touch with, you know, the port authority again. i have my hands full. we are doing well. the wounded warrior project, we are doing well. excuse me for a second. >> all right. >> you guys been together is pretty darn amazing. to have dinner? do you catch up? >> she has a steady job. god bless her. >> we get to see each other at events like this. a big series for new york. what does this mean to you for you to be here today? >> i live in the city. i have always lived in the city. it has had a huge impact on my life. to be able to commemorate in a way. and to see my friends. >> he was the first to live. >> yes. >> as a matter of fact, we were talking about the show. >> he was a wonderful actor. i am sure you both miss him. thank you for your time. >> thank you very much. you just never know who you will see. i have two say, with all the coverage and everything, i just heard a rumor that elizabeth tocco hassel back is here somewhere. >> thank you very much, cheryl. maria bartiromo joins us right now. she has an incredible story from that day 13 years ago. you were right down there reporting. my story is just one of so many stories that we all were really in shock that day. i was on the air. i went out in front of the video stock exchange. i literally watched the plane go into the second building as it happened. then i was outside when the buildings collapsed. when the buildings collapsed, it was such an enormous hound of a noise. you really had to close your eyes. stuff was getting in your eyes. i found a little alcove across the street from the new york stock exchange in the metlife building. it was covered. i stayed there with about 10 people. we waited to see what the heck was happening. these pictures i took when i was down there. you can see a shell of one side of the building. we did not know what would happen next. i was covered in soot. i worked all day. >> did you have any conception of what would happen afterwards? especially how quickly wall street would get back on its feet and start trading again. >> the day to really rally around. that was september 17. it was just such an unbelievable chilling day. we all knew that we were down, but we knew we were not out. we knew that we would rise again. on september 11, i went up to derek grasso's office. i just sat there. i said what are you going to do now. he said we would try to open trading as soon as we could. i have to, you know, make all of the first responders. we were coming out and they were coming in. the firefighters were so heroic and strong. >> we had faith in our leadership as well. we had a president, i am not degrading in any way president obama. we had one that stood there right with the firemen. you had andy on earlier today. he was with the president down in florida when he got the word. others say he waited too long before saying anything. >> i believe that he was contemplating what his job was. that is the job of a president. >> you think president obama has the same measure of his responsibility? i do not think that president obama has been tested in that way. obviously, there are horrible things going on in the world. obviously, he took the lead of our great company and his priority was healthcare. his priorities have been evening out the income scale. ensuring that the masses get a fair shot. he is focused, domestically, and put the terrorism on the back burner. i think this speech last night, obviously, is completely 360. he said last night, but, for the most part, he has been walking through cut military spending. i think we have the smallest army since the 1940s. certainly, we are talking about military having really been cut. there are so many courageous men and women. they need direction. they'd need to know they have the mission and the mission is clearly set. >> nobody knows how you will be tested. great to see you. >> i want to shout out to all the people. >> hopefully, we will all do our jobs if that happens again. timeline of terror. it will be right here on fbn. checking the. bored now. the dow is down about 40 points. it is not looking too good for nfl commissioner roger goodell. it looks like someone did see ray rice in the video back in april. people will still watch football. but how much? that is coming up next. the local new york state is jump-starting business with startup-ny. an unprecedented program that partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. noble ♪ nicole: i am nicole petallides with your fox business brief. jobless claims are higher then expect it. down arrows. the dow is down 47 points. we are also keeping a keen eye on the world. you have macquarie research actually liking what they are seeing. so much more. they believe in the company. believe that they can turn it around. that is when all of this scrutiny was underway. take a look at go pro. citigroup raised their price target. the stock is 59.10. ♪ man when i got shingles it was something awful. it was like being blindsided by some linebacker. you don't see it coming. boom! if you've had chicken pox, that shingles virus is already inside of you. it ain't pretty when it comes out. now i'm not telling you this so that you'll feel sorry for me. i'm just here to tell you that one out of three people are gonna end up getting shingles. i was one of 'em. so please go talk to your doctor or pharmacist. >> the latest on the nfl and their brave price situation. they have a copy of that the elevator video to the nfl in april. the nfl stand by this. the nfl is bringing in former fbi director to run an internal investigation. the ravens, by the way, play a game tonight. let's ask former nbc chairman bob rice. first of all, it seems, maybe i am wrong, espn has kind of taken sides on this. have you noticed that? >> there is so much coverage. he was the one that said at the beginning, you know, what do they expect? in other words, we saw enough. the one thing that i will say, the one thing that is surprising , not shocking, but surprising, you have not seen or heard of one woman involved in any of these discussions from the police, the prosecution, the judge, the district attorney's office, the nfl, the ravens, anybody. they are all been talking about within being beaten up. 50% of the nfl audience is women. it used to be 44, 45 and now it is 50. 50% of this audience are women. >> that is very interesting. it is not 5050, but it is getting closer. there is one thing that it is missing here. where are the women? >> if they care about their audience, they better get working on that. >> i do not know about the ravens. that is a missing thing. i think the commissioner is a fine person. i just think that he did not get enough data. >> like it lots of ceos, they wanted to keep him in a shell. that does happen. >> they have all kinds of security people. they really do. they are loaded with them. he probably got, the information that drew about four layers. by the time it got to the commissioner's office, he acknowledged that in front of him. >> stay with us. there is a very important subject we want to talk to you about. it is autism. we will be right back. double local can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. i take prilosec otc each morning for my frequent heartburn. because it gives me zero heartburn... annc: prilosec otc the number one doctor recommend frequent heartburn medicine for nine straight years. one pill each morning 24 hours zero heartburn. >> bob wright is still here with us. the things we are known for or perhaps become famous for or been the most to us. forget all the ge stuff. >> we founded this, my wife and i, in 2004. we will celebrate our 10th year. we have raised $500 million. we have spent $500 million. a lot of it on science. my 13-year-old grandson is autistic. i do not have to go very far to have my batteries recharged. we are doing an incredible scientific project. we are sequencing 10,000. our partner or our supporter is google. led by some spectacular people. abel is something that will be voted on. that is a disability, a 529 savings account for any family that has a disabled person. we have met with a number of cardinals to try to encourage the pope to be involved. he speaks many languages. all he has to do is say, parents, love these children. families, come together. it will help these families immensely. >> you also have a lot of financial resources. >> it is the reception of the pontiff saying that. >> autism speaks. >> pleasure to have you. the anniversary. the second hour on this day of remembrance is two minutes away. ♪ so we quit selling cigarettes in our cvs pharmacies. expanded minuteclinic, for walk-in medical care. and created programs that encourage people to take their medications regularly. introducing cvs health. a new purpose. a new promise... to help all those wishes come true. cvs health. because health is everything. >> today is another anniversary. the anniversary of the 2012 terror attack in benghazi. >> we still have not gotten to the bottom of the second 9/11 attack. asking what difference it makes. it makes a lot of difference. some of those americans joined us now. ♪ >> stand in, stand down. >> that was for bret baier. three men hired by the cia to testify. they run on that night in benghazi. they detailed their experience in the new book 13 hours. the inside look at what really happened in benghazi. gentlemen, thank you very much for coming in. appreciate it. >> what difference does it make? >> disappointed, a little bit. we had a few friends that passed during that time. that makes a difference. it is a huge difference. it makes a huge change in people's lives. i think we are just honoring them by saying that. >> we have family in the military. my son is a marine. i want to know, precisely what happened two years ago so that his life is not in jeopardy. >> i agree. the important thing is to not only find out what we did do, but what we did not do right. what everybody did write to save lives. there were over 25 lives say that night. to find out what happened. >> there is contention about what happened specifically. i want to get your reaction on what she said when asked about your account. >> there is a huge fundamental difference. >> is there a difference? did they specifically use the word stand down? >> they said to stand down. a delay is a delay. it was a delay, nonetheless. if you had gone immediately, first of all, the state department saying they were worried about everybody's lives. that way, your life would not be put at risk. >> i will put it this way, highly trained special operations who have combined 100 years of experience. are you going to depend on, are you going to let them out and evaluate the situation and let them make the decision at that point on to how to best resolve the situation or would you evolve on national troops. >> folks outside of your national area. >> frankly the ladies that are speaking for the late department. >> now people have the truth. >> do you feel assaulted? sometimes they referred to your account. they referred to your account and say that these gentlemen may have gotten it wrong. >> no, i do not at all. they have their opinion. they can voice it the way that they want to. >> what do you think of the state department? >> i think that they try to do what they think is right. more than 25 were saved. i come up myself left wounded and battered. proud of what we did. that is what matters. >> it is interesting to hear you say that. they are wondering when they see things go down. was iraq worth it? it was for me. is it pretty much how you feel? >> pretty much how we feel. i am very proud of, honestly, how we reacted that night. very proud of it. >> today is the anniversary of 29 elevenths. where were you 13 years ago? >> i was working. i have my own business. i was doing private investigations. >> i was sitting on the couch having a cup of coffee. >> did you know it was going to affect your life. >> yes. i was going through. i was going through what they called green to gold. i knew i was going to be involved in some way, shape or form. i did not want to say it. i knew that you would give me a lot of tech for that. >> the civilians are at the top of the chain of command. that sometimes makes down. sometimes you are given orders by the president representatives. has that chain of command broken down? >> i have done everything i can to stay out of the political fray in this. i will not question what they do. that is what the people are out there to do. they can read it and they will know from what was said before. i am taking it from that night. you have experienced people that may have subordinates underneath you. trust what they are telling you. let them do their job. >> gentlemen, it is an honor to be with you. thank you for your service. >> 13 hours is the name of the book. timeline of terror on the fox news channel and on the fox business network. you can keep it right here. checking the big board. a recovery from the early morning slide. the dow jones industrial is down about 36 points. we see 1992.58. the yield is about 2.5%. here is the lineup for the rest of the hour. not looking good for roger goodell. we dig a little deeper into that situation a little later in the show. 4900 people say they are suffering from food insecurity in america. i find that hard to believe. we discussed it all. then john stossel is around. use of force and intervention. the man that invests in iraq even with all of the escalating chaos going over there, is he still betting on the middle east as isis terrorizes the region. president reagan's former budget rector says once the feds gravy train of printing money ends, we could be in for a very wild ride. david stockton, next. ♪ when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. so what we're looking for is a way to "plus" our accounting firm's mobile plan. and "minus" our expenses. perfect timing. we're offering our best-ever pricing on mobile plans for business. run the numbers on that. well, unlimited talk and text, and ten gigs of data for the five of you would be... one-seventy-five a month. good calculating kyle. good job kyle. you just made partner. our best-ever pricing on mobile share value plans for business. now with a $100 bill credit for every business line you add. >> the fda approving diet drug. investors are still concerned. shares are down about 8% right now. forget twitter stopped. would you buy twitter bonds? >> let's take a look right now. it has been something that a bot of the tech knowledge he companies have been doing. it is not unusual. the stock right now is up about 53%. you know it has been a ladder. they are continuing to move forward. $1.5 billion. they say to support the company. this is not a profitable company. they have been making some acquisitions in order. right now you can see the stock is to the upside. >> budget director. keeps cutting back. i thought it was coming. you thought it was coming. >> i think that there has been massive inflation. the huge amount of money printing and acquitted these. it has never gotten out of the canyons of wall street. it has driven valuations. >> i rather dow it. we extended this global bubble. so many countries. there are so many doing the same thing. distribution capacity. there never will be price inflation in the consumer sense. a very important election coming up. it is one in which -- they would have both. >> i do not think that it will make a big difference at all. >> the only thing they care about is that the politicians stand on the sidewalk, point the finger of blame at each other. they continue -- >> the relevance of the market. >> in the short run, some real cutbacks. it would slow down and dislocate the economy. >> we usually agree with it. by the way, the reelection of the president made a difference to the market in a way. maybe it is a false correlation. is it just coincidental? >> for the next four years, all the vacancies and the fed will be filled with money printers. it is the ticket to prosperity. >> will that be bad for the markets? >> if real republicans won, in other words, people that would say no to this money printing -- >> politicians are not supposed to affect what the fed does. >> it is simply making it up. >> it could basically change the law. it could repeal humphrey hawkins. the one that gave them the mandate. >> there is nothing specific and concrete in the law. it is anything that they want it to be. >> that is my point. there is no move by any republicans to do anything about the deficit. >> wall street, the crash is inevitable. >> it is inevitable because the fed is simply overplaying its hands. it cannot possibly keep interest rates at zero. when the normalization columns, we will find out that everyone has been swimming naked. everything is vastly overvalued. they have to come down. >> do you own any stocks at all? >> zero. >> when we come to the great monetary collapse, the failure of central banking, we will not tap hyperinflation german style. we will have mass massive inflation that have been bid up for six years as a result of this totally artificial liquidity. >> aren't you concerned that these trillions of dollars that are staying at the reserve is 80%. >> are you worried that it may get out? >> no, i do not think so. finally, the central bank, there is going to be a panic and there will not be a lot of lending going on. there will not be a bot of, you know, pressure of real resources. i think we have a central bank that is guaranteed massive potential deflation of the very bubble. >> timing is everything. are you surprised it has not happened before now? >> i am surprised. all the mechanisms that restrained speculations have been destroyed by the fed. normally, the cost of buying downside insurance eats up some of your profits from speculation. downside insurance is free. the speculators are having a field day. it is only a question of how much longer this can continue. i am not sure how much, but it can. >> the whole world will collapse. this is your last book. the great the formation. wonderful to see you again. thank you very much for coming in. 49 million people suffering for what is called food insecurity. americans going hungry in the most powerful economy on the planet. is this possible? 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[ applause ] biotene -- for people who suffer from dry mouth. biotene -- means keeping seven billion ctransactions flowing.g, and when weather hits, it's data mayhem. but airlines running hp end-to-end solutions are always calm during a storm. so if your business deals with the unexpected, hp big data and cloud solutions make sure you always know what's coming - and are ready for it. make it matter. an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov >> let's look at apple shares. right now they are down less than a full percentage point. it is at $100 even for one share so one dollar equals 1 percentage points. and one week from tomorrow. facebook taking a page from snap chat's playbook experimented with vanishing posts, stock is up a little bit today, not terribly. according to a new report from the agriculture department 14.3% of american households, 49 million people suffer from something called food insecurity. most of the people can't afford to eat. these are not necessarily people on food stamps, does not happy with the quality of the food they are getting. and we are following this, this is pretty wild. the government is trying to get inside the head of people lands talk about what they are worried about or concerned about. >> this is a typical federal survey. it has been over -- war on hunger. the agriculture department, to gauge how many people hungry people there are. the u.s. c relies on food security which is and finance a crisis, president obama exploited this, this is typical bureaucratic demagoguery. dave: finally the number of food stamp recipients in cdc cards, there are more work programs changing the quality of welfare. and the problem the government created the problem. they create a solution. they cost billions of dollars, create new bureaucracies and we all end up with more public servants. >> it sanctifies federal spending for food aid. 100 million americans are receiving food to the federal government. there has been a sharp increase in food stamps at the same time food insecurity is increased so it should be obvious the current programs are failing to solve the problem they were created to solve but politicians want to sanctify the increased spending. dave: to get inside thes heads and make them feel insecure it is not an actual condition. it is something new, something totally created. even in the realm of psychiatrists it is something new. >> national academy for science said usda should develop a real measure for actual hunger. usda has not done a thing to satisfy that recommendation from the academy of science. dave: this gets to the point we have two things, safety net which is something you referred to, some people deserve help from their neighbors because through no fault of their own they are sick or in need of food, desperately in need of food but then there is the nanny state and the dividing line between the safety net and the nanny state is a tenuous thing. this seems to be where the safety net has become the nanny state gone berserk. >> there's a moral hazard because the way food stamps work it is government giving people a blank check to buy whatever food they want and part of the reason you have a huge surge in obesity among lower-income groups. congress men don't have the courage to face this issue directly at usda has fought efforts by mayor bloomberg to target food stamps so not paying for soda drinks and junk food. dave: since we now have this problem, not the department of agriculture they came out with as an official problem, when do you think we will see an official solution, meaning creation of a new bureaucracy, a new department of insecurity if you will? >> this will be used to justify other surveys, other programs, more assistance, targeted assistance that there's a fundamental question. the number of americans receiving free food from the government multiplied at the time americans lives have not approved in many cases has worsened. the current approach has failed and we can see it. dave: thank you very much, appreciate it. john stossel supports limited drone strikes to fight isis but warns interventions can have consequences. stossel on this point coming up next. >> counterterrorism will be waged through a steady relentless effort to take out isil wherever they exist using our air power and support from forces on the ground. 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[ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. now we invite smokers to quit, too, with our comprehensive program. we just want to help everyone, everywhere, breathe a little easier. introducing cvs health. because health is everything. dave: breaking news from john boehner, wrapped up a news g we give the president should get what he wants as far as a train and equip mission for syrian opposition. those rebels were very well vetted by the united states. meanwhile this from the latest round of fox news polls, 77% of you think isis is planning to attack us at home and president obama laying out his plan to fight isis, more. on the ground in iraq, airstrikes in syria and iraq, john stossel is here. what did you think of the president's plan? john: i hated some parts and like some others. dave: let's start with what you liked. some people might be surprised by that. john: i like that he did not suggest we were going to rid the world of terrorism. wanted to involve congress, there ought to be a constitutional republic, he implied that. the president ought to say, commit us for 3 or more years, we ought to be in this together and i need congress's permission. dave: they clare, a hasn't been declared. he has all kinds of abilities to do things that under normal circumstances -- of we declare war? isis declared war on us, slaughtered americans, we are all witness is that. should we be declaring war on this group? john: i am out of my area of expertise, doing my whole show tonight on this. i am a consumer reporter. i cover domestic issues. dave: this may become a domestic issue. john: government fails, government cannot run trains that make money, can't run poverty programs that make money. we are going to go halfway across the world and figure out which rebels have been vetted says john boehner? we supported the rebels against the russians, they turned on us. we were going to attack assad and he is fighting the people we hate more. dave: there are signs the rebels, the so-called good rebels told americans to be slaughtered to isis. at john: we can identify who the moderates are, the american media can't agree -- dave: i am more gung-ho on this but at the same time you bring up some good points. we have to be careful we are not trotted into miss action in all of this. john: in 10 or 15 years bombs will be even smaller. you can make horrible things, the internet spreads the news. we need to be careful not to make new enemies and when we bombed the wrong person or the right person, their cousins and nephews want to murder us. dave: tonight you have to deal with all that. john: bring in the experts who do know and i will try to learn along with everyone else. dave: by the way you do support limited strikes? john: yes. thank goodness we airdropped and stop the advance in the north, limited strikes. dave: 9:00 p.m. tonight. thank you very much. let's go back to cheryl casone who is raising money for charity. noon 9/11 tradition. we saw some familiar names last hour. sony and others. who do you have now? >> you might know this young lady sitting next to me. elizabeth hasselbeck, david asman ones to say hello. >> i am here with noreen frazier's foundation. an exceptional foundation that raise hundreds of millions of dollars for women's cancer research and making sure women can live with cancer and get better every single day and be with cancer families and make sure 9/11 becomes the out reach that it really has over the years. i am sitting here with carl and billy who taught me how to -- and i doing okay? i learned what all the buttons mean but more importantly by the end of today the money that is raised is going to be put to exceptional use. cheryl: i will let her get back to it but she is not the only celebrity here. >> the guys love that. and what he was doing trades this morning. raising money for the firefighters foundation. he was a firefighter. we asked him, here is what he told us. >> look forward to sustaining the fire fighters, they have a firehouse in redhook and that is great because members can go there and feel comfortable at that end. >> okay. that was vincent, and raising money for the firefighters. all coming together. and what you losing money for jha oftolartn day. we are making some money. even got on the beautiful -- for the interview. >> what was it like? >> gardner drake and we have a foundation for the legacy foundation. >> that was very short today. a lot of this, sports stars are coming through ended is important, they played for the new york knicks and everything, how important is it today? >> very important. this happened in new york and across the country but in new york we stick together and new yorkers are resilient. we are here for the team. we give it back. >> team new york. >> team pbgc. we are trying to build a new culture and scene with the knic fo and we have teresa weatherspoon here who is a legend. you have a team. >> great to have you here. the traders were excited you're raising money for a great cause. carmelo anthony is here somewhere and will you l somewhere and will you listen to some things? >> that is old school. >> how about you? >> that was my first tape, cassette tape. you know i and down with that. >> that was my generation. a great day, and as you know, great money not just for the families of 9/11, the family has been giving money to the victims of hurricane sandy and victims of this horrific tornado in oklahoma. a lot of celebrities, sports stars, we have to remind everybody it is the day to remember. never forgets, we are going to have more interviews. we will talk at 3:00 p.m. how important this day is to him. he lost a lot on that day, joining a little later on today but for now i will listen to run b and c. dave: the one investor who says there is money to be made in iraq. still. he makes his plight case coming next. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. nicole: i am nicole petallides with your fox business brief. the dow jones industrial average lower today, or by 1/2%. right now down 26 points, the s&p is down two points, the nasdaq down 8-1/2 points. facebook's new all-time record high, 7836. take a look, 1/3 of 1%. facebook is looking are trying out having disappeared within a week or day, that is something they may be sampling. lulu lemon beat the street, online sales doing well. traffic is a little weaker. traffic is up 15% making it through those issues, quality issues and analysts. and 70,000 employees for the holiday last year and working on data. you're here to buy a car. what would help is simply being able to recognize a fair price. that's 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 you're an expert in less than a minute. this is how car buying was always meant to be. this is truecar. ♪ dave: isis has dug-in hard in iraq and syria. are next guest invest money in the region. is anything about isis's involvement makes you think you're going up the wrong alley investing in iraq? >> one of the biggest outcomes of the islamic state and its huge surge in iraq over the last few months is that led to the government of iraq. april 30th they had elections, it always takes a few months, new coalition announces a new government four days ago now and that is a crazy development. dave: the development that was forced on iraq by the presidents of the united states and european partners. that was imposed because of the crisis with isis. >> they have elections april 30th, ruling prime minister did not do well in them and i think with -- without isis, he would still have stayed in power which would be a very bad thing. the sectarian approach in baghdad was a major reason for isis's success in iraq. of course it took a lot of help from the international community to make him go. and force the new government to be announced on the constitutional time table. that has been successful weather is the iraqis alone or with the help of the international community. dave: i wonder if it is a sideshow compared to what is going on in isis where hundreds of people lobbying killed, thousands of people being killed and they control large swathe of the oil committee. i want to ask about oil first. how much is 1% of the oil in the hands of isis? >> tiny. this really makes a difference, it is a local sunni community. where isis operates. it really matters here. we do have an inclusive new government and these guys will find it very hard. we are at the verge of the rolling back of isis and iraq settles down to where it was before. a troubled place but possibly the biggest oil boom in the history of the world. dave: at a time when the world is awash in oil. >> or but even at those prices iraq will be and is a rich place. dave: how much legitimate oil production is installed? >> almost none. still almost 3 million barrels a day, under saddam hussein was 2.5. hundreds of billions are being invested. 85% of the oil is in the south. the ceo of british petroleum was there only a week ago in and around bosnia for example. less oil in the north but still very significant amount and this is continuing to flow. dave: how do investors if you too iraq is at a tipping point and things will get better and the oil will flow more freely how do you invest in it? >> small local stock market so investors can set up an account with a local stockbroker there. in kurdistan there are numerous international oil companies focused on kurdistan, the trade on exchanges in europe, those would be the main ways. dave: is a tough sell but you have done a good job trying to sell it. thank you very much, appreciate you being here. roger goodell is on thin ice. the nfl did have the ray rice elevator video before t m c release it monday. you heard from bob wright, asked him for some tv perspective. here is what he had to say. >> the one thing that is surprising, not shocking but surprising, you haven't seen or heard of one woman involved in any of these discussions. your 16-year-old daughter studied day and night for her driver's test. secretly inside, you hoped she wouldn't pass. the thought of your baby girl driving around all by herself was... you just weren't ready. but she did pass. 'cause she's your baby girl. and now you're proud. a bundle of nerves proud. but proud. get a discount when you add a newly-licensed teen to your liberty mutual insurance policy. call to learn about our whole range of life event discounts. newlywed discount. new college graduate and retiree discounts. you could even get a discount when you add a car. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. dave: back to the nfl, eric, what about the fact that apparently at least the nfl if not roger goodell personally had a tape of what was going on? is that culpable in any way for not acting harder? >> he has a credibility issue. he told the saints that ignorance is not an excuse so he has paid on his face and is wiping a off his face. there are one or two scenarios. he is not being straightforward and honest about what has happened or he is being willfully ignorant. dave: there is the third option i went over with robert wright, sometimes ceos are closeted from events around them, they have a shelf around them to protect them from knowing too much. that might have happened too. >> that can happen but look at this from the head. if you are the captain of the ship you are in charge. roger goodell has a lot of responsibility. roger goodell holds tight strings and he is in control. he hands out punishment and knows what is going on, if one of his employees is responsible he is responsible. dave: very quickly, talk about ray rice himself and the fact that obviously is a woman he beat was not charging him with anything. she took away her charges against him but doesn't there come a point by the law where an individual like ray rice becomes a danger to the community. it goes beyond the victim or is he a danger to the community? >> danger to her. no excuse for domestic violence, no excuse for that video tape. the state attorney's office typically when you have in these cases they will drop charges like this but in this case they had a video. even if she wasn't willing to cooperate they had a video and if you point the finger to someone two thing is that the back at you and the state attorney's office should have made and file charges, by offering the version but the bigger problem is domestic violence in our community and nfl setting up an example of what should be done when there is domestic violence. dave: more "varney and company" coming up next. we've never sold a house before. (agent) i'll walk you guys through every step. there are a lot of buyers for a house like yours. (husband) that's good to know. dave: today and "after the bell" i will talk to emanual edellini, he will weigh in on the plan to fight isis. he has been following the money. that could be the achilles' heel of this group. 4:00 p.m. on f b and. now here is dierdre bolton. dierdre: thank you very much. here are the alternative investing stories we're following for you. twitter is raising money for further expansion. we are going to tell you what it means for the unprofitable social micro bloging company. legendary investor george soros says a scottish independence would bring the european economy to disney's. we will share his rationale. it is a day of remembrance. hear from the man who rebuilt a good portion of lower manhattan. my interview with real-estate mogul wherry silverstein. we will start with the big take story because chinese ecommerce giant ali baba started its road show. with more on what is going on behind the scenes and what it means to pricing and