so again, boone's 100% right. to me, i'm all about where is the biggest roi, return on my investment in energy space? with the leverage and the price of natural gas getting decimated over the last year, year and a half, there's more leverage and less risk buying dips in natural gas than there is in trying to go ahead and make the extra four or five dollars there could be in crude. >> i think it's more than four or five. maria: more? how much? >> that's the only place that mark and i haven't agreed on everything he said. i think there's more there. maria: and part of this is -- as we've been talking about saudi arabia. number one, we had the production freeze, nothing came out of it. the saudis wouldn't do anything because the iranians wouldn't partake, and you hear saudi arabia saying we may consider taking iran co public, in an ipo, would you buy that deal? >> no. no. maria: why? >> i wouldn't buy it with stolen money. [ laughter ] >> why? >> well, do you think you're going to have stockholders' rights? maria: no

boone pickens: mine are unusual. money after i was 70 years old than i ever made before i was 70. after i was 70, i paid a hundred million in -- $771 taxes. was 70. and i have had people say, don't you feel you have made enough? and you know what the thinking is. they think if i make $1 billion, somebody loses $1 billion. that is not the way the situation works. make $1 billion, i employ people, the economy goes forward. if i make money, somebody does not lose money. i have also had people say, why don't you step back and let someone else get up? the feed trough in america is infinity. it is there for anybody that wants to work hard. they don't have to have that good an education. it comes in handy. but if you want to work hard, you are innovating and everything else. david: would you say you made more money after 70 than before? the last eight years has been the obama administration. why do you want to change from that because you did so well? t. boone pickens: i made a great amount of money and lost money in 2008 a

liz: we feel for boone. great to see you, thank you so much. boone pick generals -- hold on.t hold on one second. >> i can jump back in the chair. liz: you've got a huge line of people waiting to talk to him. so as you see the dow jones industrials oil leaves higher, the dow is dropping more than about 199 points. cucamonga we have our eye on that. heading back to the new york stock exchange. but we will also head to one of the tech worlds massive event, the annual tech wrench disrupt. not for just tech geeks anymore. jo ling kent going one-on-one with new york carmelo anthony on why he's taking his skills off the court into the tech arena. yeah, fox business. we mean business. plus he's taking his game to new areas. kobe bryant among the many celebrities and smart money descending upon the salt conference in las vegas. we'll give you a behind-the-scenes lebanon in the hottest event of the vegas strip. countdown toll closing bell coming right back. don't move ♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking broke

boone pickens, the high he had paid ceo in the country.l street is in charge, wall street being a parrot over money. he lives in a foyer that runs the entire length of the house, and at the end of that foyer we find this morning boone pickens. good morning, sir. how are you? >> good morning, harry. >> why don't we head into the trophy room, if you don't mind. >> sure. >> t. boone pickens was a texas oil man who became the original corporate raider. he would buy a bunch of stock in the company, talk about how the executives needed to be tossed out and made a play to take over the company. >> pickens' company, only 1/20th the size of an oil company, wants to take over. now he wants to buy another 50% from the shareholders and thus gain a seat on the company board. >> there's one thing i want to put in place is the stockholders' own companies and manage the employees. >> the profit to pickens and his partners, $89 million. >> it is no secret that you've made about half a billion dollars through loz losing on your attempted takeovers. do you g

boone pickens.are you? >> good morning, harry. >> let's go ahead and head into the trophy room, if you don't mind. >> sure. >> t. boone pickens was a texas oilman who became the original corporate raider. he would buy a bunch of stock into company, talk about how the executives needed to be tossed out and make a play for the executive. >> the company is only 1/20th the size of phillips, buys 5.8% of the stock privately. now he wants to buy another 15% from the shareholders and gain a seat on the corporate board. >> there's one thing i want to put in place is that stockholders own companies and management is employees. >> phillips agreed to buy back its stock from t. boone pickens. the profit to pickens and partners, $89 million. >> you've made about $500 million losing on your attempted takeovers. >> you never like to lose, but if you lose and make money, well, it makes it a little easier. >> i remember the guy got up and said, i have a question. he said, you're making a lot of money out of this. an

boone pickens, one of the most successful in the country.is quote that he doesn't think donald trump is as big as donald sees himself when it comes to his finances. "outfront" tonight, vice president of the trump organization, special counsel to dump, michael cohen and editor of the weekly standard. to anyone who is following this campaign, they know where you stand. michael, mitt romney tonight tweeting, mr. trump, tear down that wall. t. boone pickens, i'm going to support him but he's not as big as he sees himself when he talks about his finances. why doesn't donald trump just release the returns? >> mr. trump made it crystal clear he is right now under an ordinary audit and he's been advised by counsel, and i'm thankful, being counsel, though not his tax counsel, that he takes advice. and he will not release it until the audit is concluded. plain and simple. >> so bill crystal, i did speak to a former special counsel for department of justice tax division. he did say, by the way, he would give the same advice donald trump's lawyers are g

boone pickens was a texas oil man who became the original corporate raider.y a bunch of stock in a company, talk about how the executives needed to be tossed out, make a play to take over the company. >> pickens company is one-twentyth the size of phillips moves stock privately. pickens let's it be known he wants to buy another 15% from shareholders and gain a seat on the corporate board. >> there's one thing i want to put in place, stockholders own companies and management are employees. >> phillips agreed to buy back stock to prevent him buying. >> it is no secret you made about a half billion through losing on your attempted take you'res. do you go into it knowing loss will stand you well. >> if you make money, it makes it easier. i remember someplace a guy got up, said i've got a question. he said you're making a lot of money out of this. i said the shareholders are, too. he said yes, but you're a fast buck artist. who would want to be known as a slow buck artist. i see it as the enterprise system working at its best. >> he was the first investors to see

at the end, we found boone pickens, how are you? >> good morning harry.head into the trophy room if you don't mind. >> boone was a texas oil man. talk about how the executives need to be talked about and make a play that takes over the congressm company. >> it is only 120. now pickens let it be known that he wants to buy another 15% from the shareholders and thus gain a seat on the corporate board. >> there is one thing i want to put in place its its stockholder's own company and management employees. >> the profit of pickens and his partner of $89 million. >> there is no secret. about half a billion dollars to your attempt taking over. do you go into it anticipating the losses are going to stand you very well. >> well, you never like to lose. if you lose and make money, that makes it a little easier. >> i remember at some place and the guy got -- i have a question, he said, you are making a lot of money out there. i said the shareholders are, too. yes, you are a fast buck artist. >> fast buck artist? who in the hell are going to know a slow buck artist.

liz: boone pickens told us last week 50 to 60 by the end of the year. that would be in its sights. good to see all of you, we've got to run. keith, larry and alan. thank you so much. everybody needs to watch "after the bell" in 48 minutes. david asman and melissa francis have unbelievable analysis. gap is reporting quarterly earnings. gap is not always but a little bit of a proxy for mid to higher priced retail. got to watch. that 4:00 p.m. eastern immediately following "countdown." closing bell about 47 minutes away. despite all the red on wall street, here's a retailer looking shiny. urban outfitters doused in green at this hour. the retailer posting a 3% sales increase in the first quarter. that was good enough to give the beaten down stock a lift of nearly 14% right now. but remember, urban outfitters has been down 40% over the last year. good move today at least. >>> up next, having donald trump at the top of the ticket, look, no surprise, it's got some republican senators worried about their re-election chances, but could it be a blessing in disguise? mississippi senator roge

in response to his work, buford boone and his family were threatened.r that her husband was in grave trouble. for facing up to all of this, buford boone was awarded the pulitzer prize for editorial writing. [ applause ] >> and as for autherine lucy, well in april of 1988, her expulsion was annulled by the university of alabama. she enrolled in the graduate program of education the following year and received an m.a. degree in may of 1992. in a complete reversal of spirit from when she was first admitted there, the university named an endowed scholarship in her honor and unveiled a portrait of her in the student union overlooking the most trafficked spot on campus. and the inscription reads, her initiative and courage won the right for students of all races to attend the university. [ applause ] >> good evening. for its unprecedented coverage of desegregation of central high school in little rock. it was a time when one of the south's now infamous segregationist governors would take action not seen in the south in a century. against a supreme court order

richard: supporting growth does not mean a return to a boon. the economy stabilizes, i think that is good enough for global investors. the credit issue is a worry and we don't really want to go back to a big credit boon. a stable chinese economy that is steadily rebalancing towards consumption in new china is pretty benign for the rest of the emerging markets and asia. yvonne: a more of a reality check. thank you so much for joining us, richard. these are stories making headlines around the world. the next president of the philippines has offered a post to members of the communist party. his decision is part of a new administration's efforts to end a five decade insurgency that killed about 40,000 people. >> these negotiations stalled under the outgoing president. they also announced plans to release all political prisoners as part of an effort to build goodwill. the u.s. and russia have held talks indiana ahead of new attempts to -- in vienna ahead of new attempts to have peace talks over syria. there is no comment over the meeting as the grou

boone pickens: i understand the question. i, too, have some doubts.know if i do not get donald trump with change, not knowing change, what it is, i am going to get hillary clinton. ok, now, tell me, who are you going to vote for? there's no way you can vote for her. she has already told you. the other day she said, march 16 -- i want to shut down all coal mines. the most stupid statement on energy i ever heard. today you are pushing 95 million barrels a day. and 70% of that goes to transportation fuel, and she wants to shut down fossil fuel. say she can't do it, nobody can do it. let's just say it happens that she comes in and she shuts off fossil fuel, you will stop the world. 70% of the oil goes to transportation. >> she herself says that she went too far. she did not mean to say that. >> she did not say that on fossil fuels. she said that on the coal mines. ♪ ♪ scarlet: you are watching "bloomberg best." i am scarlet fu. investors were keeping a close watch on politics this week. in addition to brazil's impeachment debate, there was a presidential

boone pickens will be hosting a fund-raiser for a pro-trump super pac, when boon raises money, he raisesjoining us political strategist lee carter, great to have you here, lee. editor of the "national review," fox news contributor in from vienna after the "national review" cruise. great to have you back with us. >> hi, lou. lou: lee, let's begin with you, trump goes washington. seems he's had his way down there. the optics, he looked presidential. he's talking presidential. he is above certainly the recalcitrants, you know, he's very nice, very gracious, magnanimous with paul ryan, but ryan looks small with trump there. >> you know, i think it ended up being a fantastic meeting. not to quote him. but i think the whole thing played out perfectly for donald trump. a, because i think that donald trump, it would have been completely inauthentic if paul ryan said i endorse and you we're going to be best friends. lou: how nice he's been authentic. >> authenticity is one of the most important things we have right now. >> i was just being -- i was just kidding, just kidding. >> yes. lou: because

i think right now, rates and boons followed the types of rates in the u.s. it might be good capital trade. beyond that i don't think the have seen real inflation. i don't think that rates are going much higher. eventually, they're going back down. for then, i think of the central issues is challenging. >> you're talking about negative interest rates and impact that's having in particular, weighing on the performance? >> for example, like at some point, the banks cannot cover the cost of negative rates forever. if they do, they will be the big deposits for banks. are we going to see a bank run, we're not going see that because it's not going to happen but at the same time that means subsidizing that cost. in general, if the rates are so low and the curve is flat, it can work for the spread which is not just -- so the business itself, the core business is really challenged. banks can look towards management and private banking and the core business which is buying and selling interest rates. >> but even in the private banking and those banks that have shifted

liz: one of the highlights was when boone pickins said donald trump is a pain in the [bleep] but he willport him because it's look for change. we here at when thrajio had -- at the bellagio saying they are doing the best they have done since before the financial crisis. gary: liz, you were at the first salt. how many people were at the first show? 350? where this has become now, the intersection of everything. this is -- first all, i'm thrilled with fox business and anthony that we are part of the family. charlie: we actually have a camera now. i used to cover it with my cell phone. gary: what typically happens is the information is absorbed and would not be strange in the next several weeks as people talk about their outlooks for the balance of the year. many of the things discussed here -- liz: people are looking for the ground zero of the best ideas in business. it's becoming harder and harder to make money in this world, whether it's regulation or competition. what you provided is something that gives people that inside sort of edge. charlie: from a lot of people here, you can't get

this company started serving all-day breakfast and that seems to be a boon to the business and a boonck wrap-up on the day. the dow, the s & p 500 all across the board. the first back to back again on the dow in the triple digits. "making money" with charles payne starts next. >> good evening. it could be a proxy for an even better economy. you don't want to mess with texas. the lone state filing another lawsuit. we have the attorney general behind that lawsuit. the democrats are going to make bernie sanders an offer he can't refuse, the head of debbie wasserman-shultz. the interm review in the state

lou: my buddy boone pickens, who else? >> boone is going to do an event for us in texas.ngela ferret will be helpful. stanley hubbards, very helpful. one of our founders is bill doddridge who owns the jewelry exchange. lou: they're not in to bring the small dollars, they have a different job? >> sure, they're into certainly, we're going to have to give air cover as well as ground cover. what's unique about it is donald trump for being a multibillionaire is a grassroots guy at heart. the grassroots is with him. we shouldn't ignore, that we've got to do things and be smart with our spending and spend it like eight gubernatorial races, there is going to be eight to ten states in this election, in which donald trump can win even turn purple into red and even blue into red, so we shouldn't ignore that. lou: you shouldn't ignore it, and i love this contest that you can tell is taking place during the campaign at various moments. this idea of whether trump can call somebody an s.o.b. or not, whether he can be himself, and i'd love to hear the back conversation, but the fact is h

i talked with boone a couple weeks ago and asked him., he thinks the money is going to flow. there it is. >> charlie on fund raising issues. a billionaire who might not have enough money in his own wallet for the race. the question is, who does. pony up, like now. >>> hello, i'm kimberly gull file with dana perino. this is "the five." a first in the 2016 presidential race. donald trump has overtaken hillary clinton in an average national poll. real clear politics shows him ahead of clinton with 43.4% and she's ott 43.2. they heavily favored clinton. her lead slipping since trump became the nominee. she says pay no attention to the polls. >> polls this far out mean nothing. they

liz: boone pickins always throwing out the barnyard.s vegas for you, boon pickins telling you exactly what he thinks of donald trump. he is supporting him. that was just one of the incredible interviews we were able to do at salt last week. if you missed any of of our exclusive interviews with cameron and tyler winklevoss, the former president of mexico, charles schwab chief investment strategist and billion dollar brain and so many others, just go to lizclaman.com, and follow me on twitter, you can like our facebook page, we've got so much stuff. there's me with caitlyn jenner from the salt conference. this was an incredible week in vegas with the smart and fast money talking to all. yeah, i through a little red pepper into the salt conference. back to business here. turns out you can teach an old dog new tricks. the oracle of omaha making a plays which if the past has avoided. warren buffett is backing quick and loans founder in a bid to buy yahoo's internet assets. by the way, sue decker who was the ceo sits on hathaway board. right

bobbie says she and boone worried every day the mine was an accident waiting to happen.one knew there were problems? everyone knew there were safety issues? >> pauley: absolutely. we all knew. >> cooper: was there enough air in the mine? >> pauley: our section never had air. >> cooper: ventilation is critical to mine safety because fresh air carries explosive coal dust and methane out of the area where miners work. without adequate ventilation and proper clean up, coal dust accumulates, and is not only highly flammable, it can cause black lung disease, which most of the miners killed in the explosion were later found to have. >> stewart: a lot of times we wouldn't have any ventilation at all. you couldn't see your hand in front of your face. >> cooper: really? you couldn't see your hand in front of your face? >> stewart: could not see your hand in front of your face. >> cooper: and that's because there's not air fresh air moving through? >> stewart: right, right. >> cooper: it's all dust? >> stewart: all dust. >> ruby: this is what's called a dust pump. >> cooper: as par

and "roots" is responsible for a huge boon in the field of genealogy and everyone wanted to researchsay with the human genome project we can spit in a cup and send it away and that is a miracle for black people. >> have you done that? >> i vindeed. 75%-- a good 70% of my genetic code comes from sub-saharan africa. i was not surprised about that. i was surprised to find 25% of my d.n.a., my ancestry is irish and english. mark wahlberg and i -- >> everybody is surprised by that but i say the cream was pored in the coffee, not the other way around. >> that's right. >> larry: why are you so shocked? it's funny, because the other powerful thing, it was a family story. alex haley was discovering his roots, but it became this story for all of america. do you think america can have a katharthsis for a story like "roots"? >> we did once, and i believe we can again. >> larry: because of the family aspect, do you think? >> because of the family aspect. the first time was really like pulling the scab off of a wound, and everybody was very, very raw. >> larry: very powerful. >> it was very powerf

the relativelyy w weaker yenen boon for export-heavy shares. toyota and mazda both higher 1.8% and 2.7%. panasonic rose on the shift away from making lcd panels for tvs. shares down 3.6% to hit the highest level in a month. inpex g gained for another day oil prices climbed. many market players are watching for the latest manufacturing index for china due out wednesday and an opec meeting thursday. they will be looking to gauge the global economic outlook. i am giang nguyen at the tokyo stock exchange. >>> moving on to other markets. in the asia-pacific region. shanghai jumping to 3.34%. 2,916 the closing number. sentiment supported by the speculation that u.s. index provider msci would add chinese shares to the chinese emerging markets index. trailer declined by .5%. it's four days of gains as investors were cautious before the country's gdp figures are out tomorrow. seoul's kospi index advanced by 0.8% as we see there to finish at the highest level in four weeks. hang seng gained. indonesia declining.8% on profit-taking. here is a look at some

these -- restaurants, these are a huge boon to san jose and we want to encourage more snack flights like this. >> how much easier does this make your life right now in? not having to go the san francisco? >> it's going to save time and money. a lot less time and frustration on road and the traffic. and we do have a little of that in the bay area. so it will be -- it will be quite a convenience for me. >> san jose just added nonstop service to london last week via british airways. >>> still ahead wildfires burning out of control in canada. the view from space and the damage left behind. >> plus, where do all the billionaires live? the bay area cities ranked on "forbes" list of top cities. >> hey good afternoon. from the kpix 5 weather center, boy, what a difference a week makes. after yesterday's gradual clearing of the skies, now we have the return of the marine layer streaming all the way inland. i'll tell you how that will impact your daytime high temperatures as the news continues right here on kpix 5. ,,,,,,,,,,,,,,,, to defend the state's controversial new transgend >>> north caroli

and i think that's the problem that boone has. we should point out that t.o problems with donald trump. he's still supporting him. but when you don't have, like, a clear apparatus in place, when you don't have the clear, you know, sort of avenues of where to give, usually there's one, there's one pac that you give to or two major pacs, that becomes a problem. here's something else that's actually hindering what donald's doing. interesting quote i got from somebody, and this is from a major gop fundraiser. and i quote: i hear from a lot of millionaires and billionaires why should i give to this guy? they're saying if he's worth so much money, let him reach into his own pocket. and i'll tell you, neil, this was the downside to the way donald ran. and we're going to have a full report on fbn be.com. fbn.com. two things, he attacked the super pacs, he said they have people put too much pressure on him and wield too much influence, so he attacked the very same donors he's going for now. and number two, he bragged incessantly about his net worth, so right now he p

boone pickens is holding a reception down in texas.does not add up to a tremendous amount of enthusiasm, but to get people to donate up to a billion dollars, you're going to require a lot of donor enthusiasm. >> what does this say, james, about his decision to go to big-dollar donors about his argument earlier that fundraising is inherently corrupt? apparently not. >> yeah, he's moved on from that. i don't think it's going to hurt him because the comparison is hillary clinton. so i also think he's not going to have the money that she's going to have, but maybe in this unconventional campaign in an unconventional year, it's not going to matter, just like it hasn't mattered to this point. i think it has to do with maybe his ability to make a lot out of earned media or free media. i don't think now that he's running against clinton the media is going to be as friendly to him. >> you don't think? >> they're not. but there's a fundamental problem for mrs. clinton. he's good on tv. she's not. >> they gave him a lot of air time. i suppose the

partially congress this fall its fate would to its those of the different systems of represents a boon dash best lists and is suited to an adult to put the combats but they constantly make though all the time but now they stop the lot the key which was supposed to be the status quo now has to go through all the hoops to stand up and so it is complete and send this back today half see if it is reasonable. >> struggle in the conservative world of jurisprudence and leg it as they have question to. >> so he is beginning to have his doubts. >> great to -- to was raised in dallas who but nixon and endeavoring to put there is no doubt deal but registration with the big premium was 2,002. but it and it was the provision 10 days to enact such to be flown for. >> was very constitutional under the free-speech clause >> host: but then talk about teesixteen but with a huge expansion it used to be the ada you had a certain state of mind, mens rea, a state of mind you intended to carry out a crime. if you kill someone that they died because you have an accident, then in the law with his regulatory ar

it is a boon for erdogan. this is something truks have c hafed at, and is really a gift for them. other news around the world. the speaker of the u.s. house of representatives, one of the most senior republicans in the country, says he is not ready to endorse or currently support donald trump for the party nomination. his comments come a day after all of mr. trump's other rivals have dropped out of the race. congressman ryan says that mr. trump needs to do more to unify the party. in kenya, four people have been brought out alive from the debris of a building that collapsed in the capital, nairobi. they were taken away on stretchers. at least 33 people are known to have died ends 80 are still missing -- and 80 are still missing. the building, which was condemned, collapsed during heavy rain. australian entre nor craig wright who identified himself as the creator of virtual currency bitcoin has retracted a promise to furnish further proof to support his claim. he promised to move some virtual currency from one to another address bar, which experts believe could only be done by the

congested bridge but if we could have enough draw, we could get a robust ferry service that would be a boon to all the residents of the island as well as visitors. >> talks between the mayor's office and george lucas described as being extremely preliminary. los angeles is also trying to secure a site for his selection. >>> how about a dim sum date night? you can now make a reservation. the restaurant has changed its long-standing no reservations policy. the popular dim sum chain opened in santa clara just last week. customers reported waiting in line for hours just to get on the wait list but now of course you can just do what you usually do for a restaurant and book a table in advance. >> yes, maybe for a month and a half from now. it could be a plan and you know you're going. so many people have said, can you get us in? no, i can't get myself in. >> we need to wait the month and a half. all right, some good weather if you're planning on eating outside this evening. we're going to crank up the heat the next two days and we're tracking the possibility of some 90s. as you get a live look ou

it the first time google has chosen carmaker to work on a project and it is also a boon for fiat chrysler. .eporter: self driving cars an innovation that is just around the corner, now even further speeding along. ,oogle's parent company alphabet, announced tuesday they are joining forces with the automaker fiat chrysler. google has tested 70 automated cars on 1.5 million miles. seeking to rev up their efforts, they will add 100 chrysler pacifica minivans and test out the latest technology on the vehicles to carry more people. further opening the door for those who don't want to or cannot drive to when they safely get behind the wheel. in a statement, google said collaborations like these are an important part of realizing the potential of self driving technology. to improve road safety and make transportation more accessible for millions of people. this is the first time the tech giant has joined forces with a major automaker. the california-based coveney says they have no interest in building cars on their own, and the automated pacificas won't be for sale. aiming to make something cars

this will be a boone for the city of camden as well. >> sure. >> the way that it will create jobs.o i think if you ever win a championship again, i think they will in the future, they do the bridge. ver the ben franklin >> are you calling it now? >> yes. and they include camden. >> that's good. >>> new this morning, a woman is recovering after being attacked by a dog. >> police are tell is us it was a frantic scene when they got there. >> the female jumped on to the hood of the police car. >> we'll tell you what police had to do next to protect the woman and themselves. >>> plus, a new twist in the jerry sandusky sex abuse scandal. four years after joe paterno has died, now claims are he may have been told about sandusky's sex abuse in the mid-'70s.

david weston is going to interview t boone pickens.iss those interviews. ♪ scarlet: welcome to bloomberg markets. good afternoon. i'm scarlet fu. alix: here is what we're watching at this hour. stocks are up around the world are in real story is emerging markets. they and in a seven-day losing streak arian scarlet: disney's red hot of the business will be in the focus when they report earnings. alix: the victims of a made up ponzi scheme are fighting to get their money back. scarlet: we are halfway through the trading day. let's head over to julie hyman.