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I think NATO is obsolete. NATO was done at a time you had the Soviet Union, which was obviously larger - much larger than Russia is today. I'm not saying Russia is not a threat. But we have other threats. We have the threat of terrorism. And NATO doesn't discuss terrorism. NATO's not meant for terrorism. NATO doesn't have the right countries in it for terrorism.

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As President I wanted to share with Russia at an openly scheduled White House meeting, which I have the absolute right to do, facts pertaining to terrorism and airline flight safety. Humanitarian reasons, plus I want Russia to greatly step up their fight against ISIS and terrorism.

While on one hand, terrorism continues to be a serious threat to global peace and security, on the other hand, cyber, maritime and space are emerging as new theatres of conflict. On all these issues, I will stress that global action must match global ambition.

I want to thank the nations of Russia, Turkey, Syria and Iraq, and I also want to thank the Syrian Kurds for certain support they were able to give us. Thank you as well to the great intelligence professionals who helped make this very successful journey [killing of Baghdadi] possible.

Islamic terrorism is eating up large portions of the Middle East. They've become rich. I'm in competition with them. They just built a hotel in Syria. Can you believe this? They built a hotel. When I have to build a hotel, I pay interest. They don't have to pay interest, because they took the oil that, when we left Iraq, I said we should've taken.

Beyond violating our laws, visa overstays, pose - and they really are a big problem, pose a substantial threat to national security.

We're importing radical Islamic terrorism into the West through a failed immigration system and through an intelligence community held back by our president.