Windows but not killed terrorists. This is a two war president , fighting isis and fighting coggan and gold, oil, stocks barely changed. Varney and company is about to begin. Stuart two days into the air strikes against bases in syria and the market is taking a big yawn. The Dow Jones Industrial average in the first hourandahalf of business this wednesday morning virtually unchanged, of 22 Points Holding at 17,000. You would think we would see some reaction in gold as a flight to safety in times of trouble, not happening. Gold is down 1. 80, 12. 20 an ounce. The same is true for the price of oil, turmoil in the middle east, america is involved and the price of oil is down a little. We are off 0. 20 to 91 a barrel. Lieutenant colonel oliver north joins us from d. C. Always a pleasure to have you with us. I am sure you watch the presentation to the u. N. When he called for the muslim world to reject isis and reject al qaeda there was absolutely no response whatsoever from that audience. What do you make of that . Underwhelming. His plan to get more allies for what i am calling operation arab face isnt working in gathering people around him. No standing ovation like president bush received when he went to the United Nations to get them behind our effort even to go into iraq which was the terrible war we never should have fought according to this president. This has got to be something other than putting an arab face on the campaign against isis or decapitating a new terror group we have not heard much about until we bomb them two nights ago. Peter when you called publicly for american ground troops, boot on the ground is the expression, that is what you think is necessary. Before we get is that, how effective these think these airstrikes have been . There has been significant criticism we are just blowing out windows and destroying buildings and not killing terrorists. We may have killed some terrorists. We really dont know because the bomb Damage Assessment we were promised was going to come out yesterday didnt. We conducted according to the reports from the pentagon and i got it this morning they woke me up at 3 00 in the morning when the bell went off, we conducted two great big airstrikes on isis or excuse me, extremist vehicles in iraq and two more in syria. This is shot and know it is not. It is oh shucks. The problem with this is if we really intend to destroy isis this is not the way to go about it. Stuart can you tell me who is paying for this . I know america is leading the bombing campaign. I know we have five relatively wealthy Sunni Arab States supporting us as part of the coalition. Who is paying for this . Are the arabs paying at all . We dont know because this question cant be answered yet. My guess is no one is paying except you, me and the rest of the american taxpayers. You are right comment at least saudi arabia can pay, jordan as you know is a basket case. They have absorbed almost a million and half refugees from this long civil war going on inside syria. Bahrain has its own problems. The shiite majority country with the sunni government and lots of internal discord. Cutter which is rich in natural gas has been supporting everybody else out there. The dynasty supporting radical islamists like hamas and where is our nato ally turkey in all of this . Stuart the president did say again in his speech this morning there will be no. On the ground. That being the case how long is this going to go on for . You said yourself you cant kill isis with airpower alone. Airpower is great. No one believes that more than a marine infantryman because having friendly air power overhead really works. The problem is air power alone has never freed a hostage, never captured an enemy combatants and to nazis to rain and rescue hostages and take prisoners requires rough men with rifles, boots on the ground. There are no coalition boots on the ground in syria. There werent any yesterday, there is none today and will not be any more for many months to come. That is the problem. Admiral kirby is bragging about the fact the we are really good at training but training 5,000 Free Syrian Army troops in saudi arabia over the next 12 months is mission impossible. By the way there are nearly 3 million Syrian Refugees in jordan, lebanon and turkey. How about recruiting some of them . So you have more than 5,000 year from now because no doubt isis is growing at an astronomical rate. They are rapidly heading towards in finnerty because they more than doubled in size in the last month. If you do the math they could be a 100,000 after 5,000 got back from saudi arabia. We to front war against assad and isis. Stuart i went your take on this. President obama stepping off marine one, saluting with a coffee cup in his hand. You are a military man. What is your response to that . Here is what is going to happen. The marines are issuing an order requiring all marines to carry in their right pocket a paper cup just in case they ever meet the commander in chief that if he salutes with one in his hand and marines will hold theirs up as well. Stuart sarcasm is a low form of which but i can tell by your shaking your head you dont approve, do you . I do not. It is unfortunately very disrespectful but just shows you where this man is coming from. This is the guy who repeatedly said u. S. Navy corpsman were out there serving in the battlefields. Stuart colonel oliver north, appreciate it. Much more on the president s two wars with ambassador john bolton. He joins us in the next hour. Which war is the president focused on . Isis or Climate Change. Top of the hour coming. Dr. Keith ablow joins us to the the president s coffee cups Saluda County couch as well. Is the president aloof or should we give him a break . Dr. Keith ablow at 12 25 this morning. Boeing is planning for a future without fighter jets. It says it may stop building the faa 18 and 15 within the next five years because of weaker demand from uncle sam and from overseas. Boeing Stock Holding at 127 a share. Fraudulent transactions starting to pop up across the country after the home depot data breached. We have a lot more on that story 15 minutes from now. I was one of the victims of this. I will tell you the story later. 91 a share for home depot, but little this morning but will a security headache for home depot and other retailers, is that going to be good for apple pay . The new feature on v iphone 6 . Shares are lower. They have an apple paid feature on the apple iphone. Is that an interesting option compared to your credit card . Walmart getting ready to offer lowcost checking accounts, it tells you if you cant afford something before you buy it. Walmart stock is up nicely nearly 2 higher. A surge in newhome sales, 18 gain compared to the month before. New home sales only account for 10 of the overall Housing Market. Lets go to nicole, looking at j. B. Holmes. That is a more accurate indicator. Nicole the new home sales surged 18 existing home sales were weaker so it shows you the uncertainty of the Housing Market. Sometimes great news sometimes bad news. This is an example of weak numbers here. New home sales are jumping. K. B. Holmes down 12. 7 . They did have smaller than expected increase in revenue in the latest quarter despite the fact there has been higher average selling prices for homes, you can see this stock to the downside. Meantime you can see up arrows across the board. A lot of weakness. Stuart the news from the Housing Market has not been positive this week. We are going to dive into the numbers later on the program and see how bad it is. Not talking up positive Housing Market, we have housing reality check got 12 noon today. The top line numbers, the economy seems to be pretty well unemployment is down. The market, stock market record levels, dig a little deeper and you will see the middle class has not recovered period. Is getting worse. It has been hurt the most. According to the Commerce Department median Household Income, 51,939 in 2013. That is down 8 since the recession. Median income. In 2007, 108 Million People working full time year round, 2013, 105 million. Lets bring in died benson, a town hall Political Editor and fox news contributor. Middleclass americans, you have the top line numbers which kind of look good and can be spun quite positively but you dig down and americas middleclass is really hurting. Is this the result of president obamas policies . Part of it obviously. We have been spending ourselves into oblivion, bar when lots of money on stimulus packages that fail on almost every level they were sold, obamacare which the Nonpartisan Congressional Budget Office has said is really wreaking havoc on the Labour Market so there are some policy related issues here is that you can draw some sort of line between what the president is doing and not doing and congress as well to the state of the american middleclass but what strikes me about these stories about the middle class this morning, is this. Between both Political Parties and how the American People are actually feeling because the white house will tell you they will cherry pick the numbers and put together ray narrative and say the economy is recovering really well, we are turning that corner and things are pretty good and they can find certain statistics to back that up and republicans are saying is basically still a recession is not a depression, everything is absolutely horrible. The reality is somewhere in between and the American People are really just not impressed with this recovery. Stuart that is precisely, look at this study, from rutgers, it finds one in five americans laid off over the past five years, cant find a job. Among the few who said they did find a job 46 of them came in, the job they got had a pay cut involved and 44 reported a drop in status. The jobs we are creating are not working for Middle America. That is what you have been saying. Median Household Income as you reported earlier is down, wages are stagnant, that is an important statistic for average people staying at home and it is great that the Unemployment Rate has dropped by several points since the peak of unemployment after the crash but a lot of that is because the Work Force Participation rate is at a 35 year low depending on the month which is artificially inflating that number making it look better than it actually is. I am no economist but i know historically when you have a deep trough typically what you see is a steep and roaring recovery after is that. We havent seen that at all. We have seen a halting, uneven, frustrating recovery where a lot of americans are throwing up their hands. It is being spun. Stuart recoveries making nice progress, we are creating new jobs but Middle America is hurting and nose, feels deep down, it is set near a recession situation. I am out of time. Come back and see as soon. Thanks. Stuart construction of the first offshore wind farm in america about to begin. Those not in my backyard liberals have been defeated on this one. I posed this question, however. Is power generated from Wind Turbines offshore frankly flat out too expensive . We will deal with that next. 3rd and 3. 58 seconds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the global economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500, its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon, a different kind of wealth manager. And black swans are unpredictable. Stuart you might think with all that is going on in the world the dow industrial average would be reacting significantly one way or the other. It is not. We are 1 3 , 50 points higher. We always keep a close eye on ali baba, the longest ipo ever. Bouncing back a little today but well below the 9270 opening price, 87. 60 now. Yahoo owns 16 of ali baba, yahoo stock down 9 bouncing back today. Two updates on Global Warming, first, government scientists now say warmer sea temperatures on the west coast are result of weak winds, not Global Warming. That is the federal study. Second item from the centers for disease control, warning that president obamas new Climate Change rules will make it harder to battle ebola in africa because Government Agencies like the cdc have to track and monitor any Climate Change related variables. That is a lot more red tape. Stay and on Climate Change we bring in jim gordon with the wind project which is set to Start Construction next year. Is promising to reduce Carbon Emissions related to Global Warming. Welcome to the program. This is the wind formthe wind farm off of nantucket. The local subjected like crazy to building this but you got it through. We have been working on this project for a dozen years. In the beginning people were resistant to change, didnt understand the project. It is really hard to see them when you are 13 miles from them but the important thing is the project is moving forward, were in the midst of a big bank syndication. Stuart when you are building it starting next year. As i understand it, if i get electricity from a conventional coalfired plant it costs nine. Five cents per kilowatt hour, conventional coal. If i go to your windfarm or any offshore wind farm it is twenty. Four cents per kilowatt hour more than double the price of coal. You wouldnt exist if this were an economically viable proposition. You wouldnt exist without subsidies and tax breaks. I would. If you look at new england the electric companies filed for new rates. 0. 16. Stuart they got to buy there is a mandate they have got to buy wind. Utilities entered into our contract on an arms length basis we have negotiation, they decided this project would deliver significant benefits. Si stuart they had to. There was a mandate that utilities must get x amount of their juice from wind or solar. There is a mandate in terms of getting Renewable Energy credits. They had a whole range of projects to choose from. They chose cape wind because it would produce power coincidence with the peak demand when it is needed and more importantly massachusetts is going to see 600 to 1,000 jobs. Stuart when you are not disputing the premise of my argument which is without subsidies and without mandates you would not be in business. I and telling you that right now power is going to be 0. 16 a kilowatt stockmarket power. Im given a 5year contract to the utilities with the bundled price that includes a 0. 06 Renewable Energy credit that includes transmission costs and includes the heads value against all dial fossil fuel prices so i am telling you kate wind is a significant bargain for massachusetts. Stuart kate winslet self get substantial tax breaks and subsidies. There is an investment tax credit for Renewable Energy projects, low income tax credits and historic read publication tax credits. We will take advantage of the tax benefits. Stuart all i am saying is that you are a creature of government subsidies and mandates and if it was just go get energy, the cheapest possible place you wouldnt be in the running. Let me put it this way. I am a creature of the demands of massachusetts citizens that want to move to a more Renewable Energy future. As we saw in new york this week with hundreds of thousands of people demonstrating in the street, Renewable Energy is something, an irreversible trend. Stuart at some point it should be put to the voters. Are you prepared to pay more for the juice going into your house because of the threat of Climate Change and Global Warming, at some point of voters will pass judgment. In poll after poll in massachusetts the responders have said they would pay more money for Renewable Energy because they understand stuart or do they get a subsidy . They get a subsidy. They dont get a subsidy. They pay their electors to build. This is a project that ultimately as the price of natural gas goes up, as the Environmental Compliance costs for burning coal and other fossil fuels go up Renewable Energy is going to be a significant bargain for massachusetts. Stuart cape wind power, thank you for joining us. The Soda Companies promise to cut calories to fight obesity, if you go to that press release it isnt what it seems. We will tell you all about it next. She inspires you. No question about that. But your erectile dysfunction that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess