underwater leak. that's the third one they've found. dumping 5,000 barrels of water into the sea, it's 100,000 gallons. the first attempt to burn some of it up succeeded. they'll try again tomorrow. that does it for this edition of 360. thanks for watching "larry king" starts right now. >> larry: tonight -- the trumps, donald and his beautiful wife melania. a rare interview. and a look at their lives. the donald fired sandra bullock's husband, jesse james, from "the celebrity apprentice." what's his take on the bust up of that marriage. and sandra's revelation, she's been an adoptive mom for three months. and plus, bret michaels' medical condition.

why celebrity apprentice is good. and why goldman sachs deserving the badgering it's getting. and if arizona's tough new immigration laws are bad for business. it's all next on "larry king live." >> larry: we welcome back to "larry king live" donald and melania trump. donald, of course, a real estate entrepreneur. we don't have to tell you who he is. he is host of nbc's "celebrity apprentice." his wife, melania, has a new jewelry line that debuts on qvc on april 30th. we'll see some of it later. they were last seen on "larry king live" together in 2005, their son barron was born a year later. our cameras recently captured some of their life together. we'll be seeing those clips during the hour. you want to stick around. how is barron doing? >> barron's really great. >> larry: just turned 4? >> just turned 4. >> larry: good boy? >> good boy. >> larry: preschool?

>> yes. he is. he's doing very well. >> larry: is he a little donald? >> yes. he's bossing everybody around the house. >> larry: is he firing anybody? >> yes, he's firing the housekeeper and nanny. many times. >> he enjoys it more than i do. >> larry: let's get right into things. jesse james, sandra bullock's estranged husband. he was on "celebrity apprentice." >> i got to know him well. he's a very, very smart guy. he was sort of a nasty guy. clint black, the great country singer, just couldn't stand him and others. sometimes, for instance, with bret, everybody loved bret, bret michaels going through a tough time right now. but people didn't like jesse. a lot of people. but he was a very smart guy, very sullen, didn't speak much. he was tough. >> larry: are you surprised that he and sandra had adopted a baby? >> nobody knew she had the baby three months already.

it's a big surprise. i wish her well. she's very happy. she should enjoy every moment with it because they grow up so fast. >> larry: do you feel sorry for her? >> actually, it's not her fault, you know. >> larry: do you feel sorry what's happened to her? >> of course, yes. when marriage falls apart. it's a bad thing. it's not great for anybody. and i just hope she keep herself busy with a child and go for a life that she deserves. >> larry: all right, jesse, let's take a look at one of jesse's appearances on last season's "celebrity apprentice." watch. >> i mean in one way, i respect that you haven't used your wife. in another way, it's a little disappointing that you haven't brought her in, you know, it is for charity. in one way, i'm a little bit disappointed. and i'm feeling that even if you are in the final two, you probably wouldn't. so, jesse, you're fired. great job. >> yeah. thanks. >> really great job. >> thanks.

>> next year. take care of yourself. >> i wanted to come, do a good job and show that i could do. and i think i accomplished that. >> larry: were you egging him on to bring on miss bullock? >> well, i was surprised he didn't. certain tasks, some bring on others. jesse decided not to. in one way, i respected it, in other ways, i thought he could have gotten big crowds, raises more money than he did. he had the brainstorm, i can tell you that. he didn't want to bring sandra in and i was really surprised. frankly, now in retrospect, maybe he didn't want to bring her in because he had somebody else on the side. who knows, right? i've heard of that stuff before. >> larry: sandra has filed for divorce now, "people's" exclusive cover story, including an extraordinary statement from him. we wanted to give you part of what jesse had to say and his and your reaction.

here's jesse james' statement. "my whole life has been full of hard decision. the decision to let my wife end our marriage and continue the adoption of louis on her own has been the hardest. not having him around to hold has left a huge hole in my heart. sandy is the love of my life, considering the pain and devastation i've caused her, it would be selfish not to let her go. right now, it's time for me to beat the addiction that has taken the two things i love in my life. i ask that you please not judge sandy for the things i've done. she's done no wrong. she's been an amazing wife and friend for the six years we've been together. smart idea to say that? >> i think it's a very nice statement from him. i also believe it's too late. i know her. i made two movies with he. she asked if i play myself. and i did. i said, can i do it in ten minutes? she said, yes. and i did. i got to know her. she's an absolute sweetheart.

just the nicest person. you just can't imagine what happened. >> larry: have you talked to her since? >> i have not talked to her since. >> larry: have you tried to contact her? >> no, look, she's a terrific woman. and he's a nice guy. >> i met her. i met her a few times when he shot the movies. >> see, melania is much more liberal, if this happened to me, she would take me back in a minute. >> only in his dreams, i told him. >> larry: do you like the statement he made? does it fit the way you know him? >> i think it's obviously somebody that would love to get back with her. i can't imagine she could possibly say yes. >> larry: how do you imagine she kept an adopted child a secret? >> well, she had friends. she had some good friends that really kept it quiet. they weren't calling up the "national enquirer." she had good friends. >> larry: do you think being in the papers a lot has helped your business? >> probably, it has. but in my life, it's made my

life more complicated. i'm a real estate guy. number one, hey, we do great with "the apprentice" and it's a successful show. but what i do best is real estate. i used to love walking the streets of new york and looking at the buildings and buying some of those buildings. now, i can't do that. so it's made my life more complex but probably it's helped. >> larry: i was with my friend and your friend, freddy wilmot today. he spoke very favorable of you. he said people make fun of you, but you're a great real estate developer, first and foremost, you are? >> it's nice that freddy said that. he's a great real estate developer. what i do best is build buildings and develop things. otherwise i wouldn't be on "the apprentice" because that's what it's all about.

>> larry: do you like that this name is in the paper all the time? >> well, it's part of the life. he's bigger than life in one way. >> larry: and you've come to accept that? >> yes, yes. and what does he do? every sunday, he's in millions and millions of homes. so it's part of the business so i don't have a problem with it. >> larry: another "celebrity apprentice" contestant is in the hospital with a brain hemorrhage. we'll ask about bret michaels. stay with us. you know, when i grow up,

i'm going to own my own restaurant. i want to be a volunteer firefighter. when i grow up, i want to write a novel. i want to go on a road trip. when i grow up, i'm going to go there. i'm going to work with kids. i want to fix up old houses. [ female announcer ] at aarp we believe you're never done growing. i want to fall in love again. [ female announcer ] together we can discover

the best of what's next at aarp.org. >> larry: we're back. as you all know, brett michaels is in the hospital, serious brain condition. he's competing on "celebrity apprentice" to earn money for his charity, the diabetes association. during the competition, he learned that his 9-year-old daughter would be diabetic. here's part of the boardroom discussion. watch. >> now, does that make you feel even stronger about fighting for your charity, or do you think

you'd like to leave? >> you know that i do not want to leave here, but for my charity, i would fight to the end, and especially now. however, if she was really sick, i would never say i want to leave, but i will leave to take care of my daughter. >> larry: what do you make of this? >> well, first of all, he's a great guy. i didn't know what to make of him. he was on. i know of him, i never met him before. but i didn't give him a lot of chance. he's outworked everybody. he has been so good, so strong. and, you know, like i was saying before, he was popular. everybody loved bret. every castmate. there wasn't one, goldberg, the wrestler. they all liked him. he actually looked like he was in good shape. it's never been the thing in my life, i saw him without a shirt and he looked good. not as good as she looks without a shirt, but he looked good. >> larry: laugh about that.

>> but to think this would happen to him is amazing. >> larry: have you tried to find -- do you know what hospital he's in? >> well, i'd rather not say. i mean, he's really working hard to -- you know, look, he's got a very, very tough situation. >> larry: now, you've taped everything but the final show, right? >> we have taped everything. >> larry: how do we handle this? obviously, he's not going to be on the final show. >> well, we'll see what happens. it would be great. >> larry: when is the final show? >> in five weeks. >> larry: it's touch and go? >> i don't care about the show. i really got to like him. he's become a friend of mine. everybody loves him. we just want him to get better. forget about the show. >> larry: his team lost the recent challenge on "celebrity apprentice," many viewers thought he might get the boot. watch what happened. >> because i've decided that for over $347,000 raised i'm not

going to fire anybody tonight. you're all going to escape. you did a great job, sharon. you had the better workout. just get out of here. i'm not firing anyone. holly, congratulations. >> larry: was bret touch and go there? >> no, not really. they both did great. both did. they raised $347,000 in a period of hours. bret's team lost, but they raised hundreds of thousands of dollars. it went to a fantastic charity for autism by holly. they just did a great job. i've never done that before. i've always sent people out, somebody gets fired. >> larry: are you getting soft? >> i'm getting soft, there's no question. >> larry: why, melania, you're a viewer of the show, why is it successful? >> i think it's because of him. the way he handles everything, and the cast. the way he is in the boardroom, and he tells what he thinks and they love that. >> larry: but he's popular and he fires people that people

like? >> yeah, i know. but people like tough people. they like to see how he will do it, you know. >> you know what's sad. they did a recent poll and i'm much more popular than before i fired people. that shows you how unpopular i was before. i fire people and i become popular. >> larry: you can't like to fire people? >> i don't like to fire people. i really don't. this is a show. it can be very tough. but i certainly don't like to fire people. >> larry: donald knows a thing or two about the economy. we're going to get his financial forecast, of course, about goldman sachs. [ male announcer ] and then we come across the ever-present office tiger.

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say hi, larry. >> hi, larry. i like my suitcase. i have to go to school now? >> yeah, you have lunch and then to school. >> now, i'm going to go? >> yeah, first you have lunch and then you will go to school. >> you can do reading, writing and arithmetic. >> larry: he has an accent? >> he does, he spends most of the time with me so -- >> larry: what do you think of that? >> i think it's great. anything he does is okay with me. >> he speaks three languages, actually. >> smart one. >> larry: that's pretty good. you're planning a new version of the original "apprentice" series and the competitors reflect the problems of the economy. how's it going to work?

>> the "apprentice" has done so well, so has "celebrity apprentice." they want to bring both back. the regular in the fall and "celebrity" in the spring. >> larry: what's the economy angle? >> i think people need jobs. they need work. the economy's a lot different. when we originally started "the apprentice" as "the apprentice" before "celebrity," it became the best show on television for weeks. then we went to "celebrity" version, now we have both. >> larry: it's reflecting the economy? >> it's going to be very reflective of people looking for jobs underachieving that want to achieve. >> larry: are you pessimistic? >> no, i'm sort of optimistic. i'm worried about the politicians fighting each other, and not fighting china. if you look at what china's doing to this country, it's

disgraceful. >> larry: doing how? >> well, they make all our products. we're not manufacturing anything. >> larry: and employers with cheap labor, right? >> excuse me, they take our money and loan it back to us. we should be fighting china, we should be fighting opec. there's oil all over the place. it's floating all over the place, including the sea right now because of the oil leak. there's tankers all over the ocean loaded up with oil, they don't know what to do with it. >> larry: you're not an environmentalist? >> i am an environmentalist. i don't want to stop progress at the sake of unnecessary environmental regulation. >> larry: goldman sachs, i don't even have to ask you a question. goldman sachs. >> well, i know goldman sachs very well. look, i also know lloyd blankfein. he's a great guy. >> larry: he's a brooklyn guy? >> he's a brooklyn guy. he's a regular guy. he's a smart guy. it's not their fault, they're one of many cogs in the anointment. but the politicians are, too. >> larry: from what they're accused of, what do you make of

that? they're telling people to buy this while they're selling it? >> well, i know, they're betting short and betting long. if you go into one of these firms, they have big, big betting tables, it's sort of like a large casino. they were using the word "casino" yesterday. they have guys on every side of the transaction. it's pretty tough. all of a sudden, london's going to get bigger and bigger and asia is going to get bigger and bigger. >> larry: do you want to let the inmates run the asylum? >> it's a very fine line. i watched the politicians. they didn't know what they were talking about. they would ask a question, as soon as the cameras were off, they were in their office, they weren't even listening. they just wanted to get face time on television. >> larry: simply put, how would you feel if you gave money to goldman sachs to invest in a, b, c, while they were selling abc, but telling you to buy a, b, c? i don't mean the television network. >> you have to be able to think for yourself.

they understand that goldman sachs sometimes is on different sides of the transaction. >> larry: is that wrong? >> they bet against the mortgage market. they were also betting on it, they lost in some cases and they won in some cases. >> larry: so you wouldn't be hurt? >> i am not defending goldman sachs or anybody else on wall street. i'm just saying you have to be very, very careful with regulation because you'll drive business out of this country. that's the problem. you look at these countries like china, japan, india, they're eating our lunch. in 15 years from now, china's going to be the most important economic power if we don't get on the ball. our politicians -- i have a lot of friends in china, they think our representatives, our politicians are the dumbest men on earth. they can't believe what they're getting away with. >> reporter: melania is an immigrant. we're all immigrants, but she's an immigrant directly.

it's a night you never forget, june 1985. i had a feeling that night this show would be it. when it gets down to the who,

what, when, why? here i am, here to ask questions. i'm the best. we've got the top 25 contest going to pick your favorites. we're going to have the trumps do their selections a little later on. arizona's new law. what do you make of it? >> well, it all starts with the federal government not coming out with a law, they've been talking about it for years and they still haven't done anything. arizona is getting crime-ridden. there's people coming over, there's killings all over the place, shootings all over the place. >> larry: do you favor stopping people on the street? >> what are you going to do? are you going to stop people to see whether or not they're supposed to be there. i personally as a citizen wouldn't mind. >> larry: would you mind if people from slovenia were stopped because they looked funny? >> well, i think everybody needs to have papers to be legally here. we need to have papers if we go anywhere else in the world. so people need to have papers here. >> larry: do you own property in arizona? >> no. >> larry: no.

what do you make of a boycott plan? >> i think it's ridiculous. arizona is one of our states, they're a wonderful state, a productive state. i've been there many times. and people are just streaming into their state. and crime rate goes way up. and they say, along the border, it's just brutal what's happening. if you live along the border. i just heard this today. i was listening to somebody describing life. it's murder. it's really dangerous stuff. and a lot of the border states are having this problem. i think the federal government has to do something or the states are going to take it into their own hands. arizona in a very tough way has taken it into their own hands. >> larry: do you see where mexican-americans might be a little offended? >> well, i can see that. but if you think about it, nobody wants to say it, you have a mexican-american and then you have a blond guy walking down the street. mexico doesn't have a lot of blonds. okay, these are the people that are coming across the border. >> larry: so you're in favor of profiling? >> i'm in favor of -- if people are coming in illegally, i am

favoring saying, you have to get them out. we need laws. nobody knows what the law is. people are streaming across the border. sometimes, it's drug dealers. and what's happening now that drug dealers are coming in, that's a big problem. they're coming in and killing. >> larry: you also have american interests hiring them? >> you have american interests hiring them, absolutely. and many cases, they're great workers. the biggest problem is you have great people come in from mexico working the crops, working cutting lawns, doing jobs that i'm not sure a lot of americans are going to take those jobs. that's the dichotomy. that's the problem. you have a lot of great people coming in doing a lot of work. and i'm not so sure that a lot of other people are doing that work so it's a very tough problem. but i do say this, you have a law or at least you have to establish a law. and i guess we're sort of a country, and other people aren't supposed to be coming into a country illegally. >> larry: so you would not favor a boycott of any kind? >> no, i would not favor a

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>> larry: by the way, i mentioned the immigration law. we'll discuss it tomorrow night. major discussion on this program. we're back with the trumps and melania now has a new jewelry line for qvc. you designed all of this? >> i designed that. i sketch. i studied architecture and design in slovenia. >> larry: you were a model? >> when i finished my design, i went to modeling. and i just love see the idea coming to life. >> larry: why qvc? >> it's the best retailer out there. and the best -- >> larry: so on friday night you'll debut this, right? you're going to sell this? >> this is on friday. >> larry: inexpensive? >> everything under $200. it's affordable luxury jewelry. and every piece has a story

behind it. i design for women across the country who loves jewelry, and they don't need to break the bank to afford it. for example, this bracelet, it's only $35. >> larry: come on. >> yes. and this one only $140. and the ring as well, it's $35. >> larry: how much is the wedding ring, donald? >> i'll never have to buy jewelry again. that's what i like about it. >> larry: but the wedding ring -- >> this is the engagement ring. this is the ring i designed. $35. >> yeah, $35 and $35 million. you tell me the difference. >> larry: what do you make of this entrepreneurial line from your wife? >> well, she's very entrepreneurial. but more than entrepreneurial, she's got a good sense. from clothing to jewelry. and i noticed from the beginning.

>> larry: men's watch? >> no, woman's watch. it's for the office. >> larry: what does this watch sell for? >> this is for $65. >> not bad, right? >> larry: you're going to do well. now, your stepdaughter, ivanka, has a very successful high-end jewelry line. you'll find nothing in there for $200. i've been in that store. her boutique starts at $700 up to $250,000. you're not competitors. >> no. >> larry: what do you make of her line? >> i think she has very beautiful jewelry. it's a very different design from what i have. and the price is different, too. but she's very successful and this is completely different. this is for women so they could afford it and have fun with the jewelry. they're pieces you could wear on the beach playing with the son, just put it around your neck and

go, with a sarong, you know, it's just for fun. and there are two collections. the paris collection is more glamorous. >> larry: but nothing over $200? >> nothing over 200. >> larry: what do you make of this, donald? >> i think it's going to be successful. i've done some qvc, i sold one of my books, "think like a champion" on qvc. >> larry: what do you think of your wife? >> i think she'll do very well. i think she'll do very well on television. >> larry: did you come to donald and say, this is something i want to do? someone had to back you, invest in this? >> yes, but i don't like to bring business home when he comes home from office. i don't like to discuss business because we're both -- >> i've been asking her for 50% of this company. i want 50%. >> so i just told him that i have a great idea. somebody approached me, and qvc saw the line, they loved it. and that went on.

when he saw the line, had said it's beautiful. >> but, actually, right from the beginning. she'd design a jacket. and she'd wear the jacket and go out to a party. and really sophisticated people and models are coming up, where did you get that jacket? she designed it and made it. she's always have a great design sense. >> larry: you're very proud of her and your daughter? >> i'm proud of her and i'm proud of ivanka. they're both amazing women. >> larry: does everybody get along? >> yes, we do. >> larry: as we saw, donald and melania have a son barron. we'll have some exclusive video of barron with his dad coming up. tdd# 1-800-345-2550 if it was up to me?

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>> hit them hard. pretty good. good. if it ever goes through the net, i'm if trouble. >> that is so cute. >> good shot, son. give me five. >> good morning. >> good morning. >> with me is my beautiful wife melania and my son barron, a future businessman and pro golfer. >> larry: "larry king live" cameras got an inside look at how donald, melania and their 4-year-old son barron live.

there's definitely glitz, glamour and privilege, but there's stern parental advice about the future. watch. >> school time. give me a kiss good-bye. i want all "a"s. when you get older, what are you going to remember? no drugs, no alcohol, no cigarettes. and -- you know what else? no tattoos. i don't ever want to see tattoos on you. >> larry: oh, boy, donald, no tattoos. >> well, i don't get the tattoos. >> i don't get it either. >> larry: let's take a call from denver, colorado. hello. >> caller: good evening. >> good evening. >> larry: go ahead. >> caller: trumps, i'd like to ask you, do you think the housing market would be helped if bernanke were to raise the interest rates, and then the banks might be more willing to lend people, if they were

getting -- able to make more money out of it? >> larry: that's a very good question. >> it is a very good question. not necessarily help, but this is a great time to go out and buy a house. you know, when i make speeches, two years ago, three years ago, i'd say don't buy, don't buy. it was so overinflated. i would get in trouble, real estates companies would pay me a fortune to make speeches. now, great time to buy. great time to buy. >> larry: because? >> because the prices are low. this is a great time to buy houses. by the way, buy them from banks. the banks have them. they'll take financing. >> larry: would you raise interest rates? >> i would start to think about it. interest rates are going to go up on their own volition pretty soon. >> larry: the fabulous world of golf. debuted on the golf channel, right? >> i love golf. i have 11 of the best golf courses in the world. they calm to me and saw how high he were on "apprentice.

"they said, would you do a show. we did a really good show. it debuted about two weeks ago, with lawrence taylor playing jerry rice. it was a great match, two great guys. >> larry: you have matches? >> i have matches every week. always at my courses. and it really worked out. i mean, it was amazing. >> larry: are you like the host? >> i'm the host. >> larry: you're also on the cover of "golf" magazine? >> i'm on the cover of "golf" magazine. that's right. they do a story on my golf game. not the golf courses, but the golf game. >> larry: do you play? >> i play with my son because we just started. we go out and have fun and sometimes play together. >> larry: what do you make of tiger woods? >> well, i have great respect for tiger. i really like him. i understand him. i know him. it's an amazing thing that he did so well at the masters. larry, i have friends, if they're under pressure, they can't sink a putt this long. they can't even take the club back for $2.

there's tiger with like 2 billion people watching him, more than that, all over the world, and he comes in fourth at the masters. i thought he did an unbelievable job. a lot of people thought that would be impossible. and he played -- he wasn't even happy with his performance and yet he came in fourth. tiger is an amazing guy. >> larry: do you think he'll straighten out his life? >> they'll be fine. i don't think they'll be together. it's just too hard. i think he'll be absolutely fine. he'll start winning and winning takes care of a lot of problems. >> larry: playing again this weekend. >> playing again this weekend. >> larry: michigan, hello. >> caller: hi. hi, larry. i want to say, donald trump, you are fabulous. >> thank you, i like you, too. >> larry: in my life -- no, you are the smartest man, wonderful father. >> larry: what's your question? >> caller: my question is i'm in my late 50s. will it ever come back around to

where these jobs -- i've had four jobs. what do you think? >> well, i hope so. you know, you have opec sucking the blood out of our country. you have china sucking the blood out of our country. and, so, you know, you talk about jobs, where are the jobs going? they're going to mexico? we're sending our people, our jobs to mexico. >> larry: what do we do about it? >> well, i think you get tough. frankly, i'd put taxes on things coming into this country. we have the great economy. but in 10 to 15 years we will no longer be number one. we're fighting with ourselves. we're not fighting with other countries, we're fighting the wrong people. >> larry: what do you think of obama? >> well the jury's still out. i like him personally. i would like to see him get very tough with opec. i would like to see him get tough on china. and some of these other countries that are eating our lunch. >> larry: you can call the shots when you don't have the cards?

>> you can call the shots, because we have all of the cards. we have the great economy. we have the money right now. by the way, losing it fast. think of it. we don't have to make toys in china. we can make them in north carolina. we can make them in alabama. we don't need make toys with lead poisoning. >> larry: at 2 cents an hour, though? >> excuse me. we need oil. we have to look at this nuclear, strongly and quickly. we have environmental protection that makes it almost impossible to put nuclear power in. and yet, other countries very, very smart are going nuclear. you have to do it. and other things. there are so many forms of energy right now. >> larry: donald and melania will pick that favorite "larry king live" moment when we come back. ts all day long. dr. scholl's. pain relief is a step away. on the days that you have arthritis pain,

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>> larry: we're back. want to see more of melania's jewelry like i'm holding here, this beautiful ring? go to our facebook page.

facebook.com/cnnlarrykinglive, check it out. also, you know the legendary musical group peter, paul & mary? don't miss the exclusive. that's at cnn.com/larryking. let's check in with sanjay gupta sitting in for anderson cooper with a preview of "a.c. 360." sanjay. >> larry, don't forget to give that ring back, by the way. i saw you stick it in your pocket. we do have breaking news, larry, an oil spill in the gulf of mexico. the coast guard starting to burn the oil out of the surface. remarkable images. we're about to see them in a minute. and also fallout over arizona immigration law. some states saying they'd like to adopt the same measures. other states seeing it differently. actually threatening to boycott

all government and consumer business with arizona. also, we're going to talk to sean penn about what's happening in haiti. she's still down there. did the money you donated actually get to the people who needed it? we have questions about that. i know you raised a lot of money for haiti as well, larry. it will be interesting to see where that money has gone. >> larry: be interesting. we raised over $10 million. sanjay gupta, 10:00 eastern, 7:00 pacific. we're celebrating the 25th anniversary of "larry king live." go to cnn.com/larryking to pick your top 25 moments. enter the sweepstakes. since you guys are here, wow like to show everyone how this works and find out what your top moments are. so -- >> well, i'm just looking and i can tell you, the marlon brando interview was fantastic. this guy was a true piece of work. it was an amazing interview. i would say tammy faye is tammy

faye, right? she's great. honey, pick one. >> i like the death of michael jackson. i love michael jackson. >> michael was a great friend of ours actually. he lived in trump tower for a period of time. he was a sweet guy. >> larry: you see all of these things. you pick them and you vote. someone's going to win, revealing the top five moments. what others? >> well, i think the nafta debait was great with ross perot and our former vice president al gore. yes, that's right. >> okay. >> president reagan, i loved president reagan. president reagan was a great guy. >> larry: we will reveal the top five moments beginning may 31st. now, let's take a look at one of the great moments, by the way, it has to do with jewelry and our dear friend dame elizabeth taylor. watch.

>> larry: this is costume jewelry. >> what! >> larry: wait a minute. these are diamonds? >> you bet your ass, they are. >> larry: all right. >> i never had anyone pitch diamond jewelries on the air like it was -- call in, folks, let's start the bidding at $100,000. >> this is a diamond studded necklace with pearls. >> you got it! >> larry: where did you get that ring? richard. richard gave it to me. >> it's a perfect ring. i thought, how poetic that would be if a nice little jewish girl like me ended up with it. >> do i make you nervous? >> larry: she was an amazing amazing star on the american horizon for years, amazing actress. >> we will have such wonderful

times together, just the two of them. i consider her a friend and i like her very much. there's another person, when you ask, you get an answer. enter the sweepstakes and pick your top five moments at cnn.com/larryking. it's great. i eat anything that i want. key lime pie, pineapple upside down cake, raspberry cheesecake... ...yeah, every night it's something different. oh yeah yeah...she always keeps them in the house. no no no, i've actually lost weight... i just have a high metabolism or something... ...lucky. [ wife ] babe... ♪ umm, i gotta go. [ female announcer ] 28 delicious flavors at around 100 calories each. yoplait, it is so good. indulge in new blueberry pie and new red velvet cake. yoplait light. it is so good. i'm going to own my own restaurant. i want to be a volunteer firefighter.

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oh, that's the shot. look at this.

>> oh! >> he just hit a rolls-royce. did you hear that? we're just pretending we didn't see anything because i'm not paying for that door. you know a door on a rolls-royce is about $100,000. >> larry: melania's jewelry line debuts friday night on qvc. her birthday was monday. how did you celebrate? what did he get you? >> a beautiful present. beautiful jewelry. >> larry: you were 40? >> i was 40. >> larry: do you feel 40? >> i don't. i feel great. i just don't know how to explain. it's only a number. actually, they say it's the new 20. >> larry: you've seen many stories about kids from privilege going wrong, drugs and the like. tragic consequences. what do you hope you're doing right? you never know.

you have grown children. >> they're still young and i have two very young. you saw my bit with barron, i'm saying no drugs or alcohol or cigarettes. even no tattoos, okay? i drive the kids crazy all their lives. i say no drugs, no alcohol, no cigarettes. i say to them everyday, every week. they say, dad, stop it, stop it. they remember it. you know what, they remember it. i already started on barron. it's really the drugs and alcohol. i've seen so much. michael douglas is such a great guy. look what drugs have caused and i think michael is a great father. >> larry: why privilege? >> i think it happens to everybody, it's not privilege. you read about the privileged, you don't read about so many others. i guess you need a little luck, too. >> larry: this is a tough time to grow up. >> this is a tough time. the drugs are all over the place. it's a tough time. >> larry: let's take another call.

hartsville, south carolina. hello. >> caller: hello, larry. i have a two-part question for mr. trump. when was the last time you spoke with bret michaels and how was he doing then and how is he doing now? my second question, would you ever consider running for president? >> that's very nice. >> larry: you did consider once. >> they wanted me to run and i said i didn't want to run. i spoke to bret just two or three days before he had the difficulty and he was so great. how is he doing now? hopefully well. nobody really knows. it's a very tricky thing what can happen. hopefully, he's doing well. as far as president, get asked this question, why don't you run for president because i do have sort of a take on what it takes? i'm just loving what i'm doing, larry, you know that. i was here a long time with you a long time ago and everybody was asking me the same question and continue to ask me the same question because they really are

looking for answers in this country. they see this country as going backwards. >> larry: what do you make of this tea party thing? >> that's just it. they're disgusted with what's going on in this country, we're going to be number 2, number 3, number 4 country, if we keep going the way we're going now. and there's no reason for it. >> larry: are you back in the casino business? >> i've just gone through a big battle. atlantic city has gone through tremendous competition but myself and the bondholders won a big battle against other groups. we're in the business, yeah, meaning we're in the business. but atlantic city is a very competitive place. >> larry: you're in vegas but not in the casino, right? >> i'm in vegas, we built a really amazing building. trump international hotel. >> larry: vegas is in trouble? >> vegas is not doing so well but the building, we're very proud of it, it's been great. >> larry: why didn't you go the casino route? >> just because i think they're

overexposed, too many of them. it turned out to be true. we built the building, was over there last week and a magnificent building, doing really well. >> larry: what keeps you going? >> i love what i'm doing. that's why when they say, would you run for president? i hope the right person does run? i hope obama toughens up with respect to the outside competition. i just don't see that yet. >> larry: what drives you business-wise? >> i love the creation of a beautiful building. i even love the creation of getting these huge ratings on the apprentice so long. we've had 15 copies, like so many people copy you, we've had 15 copies of the apprentice and every one of them failed. we've been the number one show on television many many nights. we had a great time. >> larry: good luck to you friday, you won't need it. it's beautiful stuff. the trumps. tomorrow night, a border battle is simmering in arizona over that new immigration law. we discussed it here.