stan druckenmiller, each of them taking on a case, empire natural resources specifically, taking stakes the one that einhorn specifically targeted, druckenmiller also took a stake in eog resources, also some of the other fracking companies. pioneer valued at $518 million. so it's also a pretty sizeable stake. dan loeb reduced some of his phillips 66 holdings, he bought into a company called clayton, so it's sort of a mixed bag, as it tends to be as we learn from the filings. alix: in terms of philip 66, that is a refiner, so as oil prices rise, that gets squeezed. to make a distinction between that and the shale, that will be a different beneficiary. julie: right, talking about the whole energy complex not just the fracking. druckenmiller had already made some of the other comments. some of the other fund managers have been sort of vocal that they disagree with einhorn. just to be clear on what the filings do for us because i feel like we always need this disclaimer, right? they come out, they give us a snapshot of where the holdings were at the end of last quarter. they could have twea

. ♪ ♪ stephanie: stan druckenmiller has one of the best records and now he is sitting down with me. is worried about, what he is betting on, and where does he see the markets heading. find out straight ahead on this special edition of "encore." stan: why does the economy need holding up now? it would be remarkable to me if the run in the euro is over. there is good debt growth and there's bad debt growth. stephanie: welcome to bloomberg "encore," i am stephanie ruhle. it is hard to find anyone with more insight in investing. he spent years working under george soros. he ran duquesne capital manant

. ♪ stephanie: stan druckenmiller has one of the best track records in the history of investment anditting down with me for an exclusive interview. what he is worried about, what he is betting on, and where does he see the markets heading. find out straight ahead on this special edition of "encore." stan: why does the economy need holding up now? it would be remarkable to me if the run in the euro is over. there is good debt growth and there's bad debt growth. stephanie: welcome to bloomberg "encore," i am stephanie ruhle. it is hard to find anyone with more insight in investing. he spent years working under george soros. we sat down recently for an

stan druckenmiller says an aging population will be a massive problem in 15 years time in the u.s..he investor it has one of the best track records in the industry. they say they will have to reduce payment for the elderly. u.s. refineries reduce crude by the most in four months. it is the biggest slide since january. we caught up with a chief executive of italian oil giant, any. he says oil will recover. >> our review for 2015 is we will stay at a $65 average. the price now is about $67. it is a positive trend. by 2016 we could reach $70. demand is increasing. supply is reducing. jonathan: goldman sachs on oil saying that oversupply is implying that the recent rally may be overdone as that rally from a six-year low pauses at $60 a barrel. gary craig with us at j.p. morgan asset management. in 2014i could pick any analyst and they would say opec is trying to gain market share. we get a rebound to $60, and now they are not talking about that story. does that story still hold? kerry: opec is trying to increase its market share. you'll see shale production reduced. there is finally an

. ♪ stephanie: stan druckenmiller has one of the best records and now he is sitting down with me.out, what he is betting on, and where does he see the markets heading. find out straight ahead on this special edition of "encore." druckenmiller: why does the economy need holding up now? it would be remarkable to me if the run in the euro is over. there is good debt growth and there's bad debt growth. stephanie: welcome to bloomberg "encore," i am stephanie ruhle. it is hard to find anyone with more insight in investing. he spent years working under george soros. we sat down recently for an

stan and george do, too. erik: he had a track record built for investing in the public unlike george soros and stanley druckenmillerth soros, but that was a very indirect relationship. you and i can buy shares in the pimco total return fund. bill feels not just an obligation to them, but an obligation to himself to demonstrate that the last few years at pimco which is returns were absolutely no comparison to what he did earlier in his career. they were an aberration and that he could come back more nimble managing less money without the headaches and the squabbling's. stephanie: the drama. erik: and to be as good an investor as he ever was before. stephanie: if you are crowned the bond king, i get it. you don't want to get off the throw. you live in newport beach. chill out. have a drink. erik: he is building. he overlooks the parking lot of the pimco building. stephanie: he sits in his office looking at them. erik: much more of my interview with bill gross on bloomberg television. tune in for the full thing. more of his life after pimco why he is giving away his multibillion-dollar fortune. that is a pm eastern ti