and boone pickens also joining us, founder of bp capital. all ahead. >>> first, a huge day on the street today. s&p 500 trying to close at a record high. take a look at how we're selling out on the street today. dow jones industrial up 105. volume on the light side. nonetheless, prices on the upside. nasdaq composite up 27 points today. almost 1%. finishing the day at 3307. s&p 500, 1593. gain of .75%. 11 points higher on the standard and poors. more on today's big rally and bring in eric ristubon of russell investments. andrew keen. doug cody. and kenny pulkari of o'neill securities finishing up his trades and will join us momentarily. good to have you on the program. eric, you saw the friday gdp report having an impact today. despite the disappointment, how is that possible? everybody complained that the gdp report was below expectations and here we have more money moving into stocks? >> yeah. disappointed exactly the right way. when you look below the headline number of of 2.5% and you look at the composition, what you saw is housing is d

boone pickens. a whole host of people who are making money in this bull market, bill. >> looking forward to that. maria is in my hometown. i'm in hers. bill griffeth at the new york stock exchange. bums running wild again today, maria, put the s&p on pace to close at a record high. as mandy was mentioning, one of the leading groups in this sector have been the utilities. they are hitting yet another five-year high today. coming up we'll look at whether that red hot sector can continue to move this market higher. we'll look at that coming up, maria. >> and once again, of course, it's a lot of fed induced buying. today we're talking to former federal reserve governor kevin warsh weighing in on whether the stimulus measures are actually keeping inflation too low. his take on whether the fed might dial it back. >> all right. let's get you caught up on the markets. how they're trading today. it has been a gradual rise higher all day. we're sitting near the highs right now. the dow up 120 points. it was 1

i'm just here with boone pickens. terrupting the interview, as always, because the world revolves around boone. >> it is a big deal here. liz: it is a big deal, and we're thrill today see you. boone, of course, an oil man but into natural gas, very good friend of the fox business network. howard, back to you. tell me not to be skeptical about the share buyback on any level. i look at that sometimes as a little bit of alchemy when companies are very interested in maybe juicing sort of their stock. and yet you say this is a really big deal for apple and can that we should enjoy in the and embrace it. >> yeah, this is a big deal. and a lot of companies, companies like ibm and berkshire hathaway, many others have been very successful with this form of financial engineering which is what it is. but, you know, apple was under a lot of criticism for having its big cash pile and not using it. now they're putting it the work. let's not criticize them, let's embrace this. thai raised the dividend 15%, they're going to buy back $

boone pickens knows what it is like to pick an energy fight in washington though he doesn't have muchnning record. i spoke to him earlier this week about his frustrations in pitching what he calls the pick ens plan. welcome. thanks for being here. >> sure. glad to be here. >> before we talk about energy you said recently washington has the largest group of incompetent people in one place in the world. do you mind elaborating? >> one thing would be we haven't had a budget in five years. i can't imagine operating government without a budget. okay. that's one reason. and another is, you know, i've brought the pickens plan up here. simple plan. get on your own resources. get off opec oil. that's not hard to understand. >> certainly there would be i would think a lot of people in congress who want to support that. >> you'd think so but we never got anything done. >> so you support the keystone pipeline extension. that is actually oil from a -- fuel from canada -- but you do support it. what do you say to the people who see the exxon pipeline leak in arkansas this week and say, hum. that's

tycoon, boone pickens, if green is losing its cool. it seems that the enthusiasm is fading a little bit for green energy. >> well, green energy is expensive. charles. it all comes down to you will go the you know cheapest you can on energy, and natural gas is cheapest. you cannot make a wind project work unless you have $6 natural gas, wind is priced off the margin, and so, if naturals go is $4. you cannot do a win deal, i know because i took a big loss on this very type. same project you are talking about. charles: i remember, a huge project, you put a lot of money into it here is the thing, too, i think maybe message is, and a reality check, but, even on best case scenario we will use fossil fuels for a long time, we might be using it. >> you are right, wind will come back, there is no question, it is source of energy. that we'll use in the future, but don't subsidize it, you know to the level that it is you know expensive that is another debt real create. use the cheap natural gas. this is a great opportunity to take advantage of ch

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boone pickens.le host of people who are making money in this bull market, bill. >> looking forward to that. maria is in my hometown. i'm in hers. bill griffeth at the new york stock exchange. bums running wild again today, maria, put the s&p on pace to close at a record high. as mandy was mentioning, one of the leading groups in this sector have been the utilities. they are hitting yet another five-year high today. coming up we'll look atth

and then at the end of this piece, you have boone pickens who is a backer of yours saying 70% of thewheelers in seven years. that disparity between a federal agency which clearly must not believe. >> well, the eia has hardly ever been right. >> no. but they've hurt this industry by making it seem like it's pie in the sky. >> i have to fall back and look at what has happened. five years ago we didn't have hardly any natural gas refuge and this year 53% of all of the new ones being purchased are natural gas. 95% of their purchases this year, new truck purchases and they buy the most trash trucks are natural gas. so it's happening, jim. >> buses? >> oh, yeah, buses. 35% of all of the buses being bought right now are natural gas. i ex interpret late what has happened and put it on the heavy duty trucking. >> i don't want to put their names in. listen, let's just explain it to you. they are talking about pilot projects. 100 trucks here, 200 trucks there. >> this is the year you're going to have some pilot and we saw it in the industry. these are good operators. they have to get familiar w

boone pickens back on. >> don't worry. i think pickens is over with liz at the milken conference. we may get him on this week. thanks, guys. david and mark travis and mark sebastion we'll see you in a few minutes when the s&p futures close. david: a life line for goldman sachs about struggling retailer jcpenney. how can they save the company. >>> letterheading back to liz claman. she is live at the milken global conference. liz, what do you have coming up? >> boone is already schmoozing with 500 billers that. speaking of billionaires we've got one coming up. investor and self-made billionaire, jeff green. only here at the milken conference will they actually put in the book the market value of everybody who is here. more than $5 trillion. you can bet jeff green added to the pot on that one. what does he invest now? does he believe in the housing recovery? who is driving it? is it investors or those people with the dream of owning their first home and does it evener? we're coming back live from beverly hills at the milken institute global conference. ♪ [ male announcer ] at his cur

bob johnson, jack welsh, boone pickens, donald trump, martha stewart. took four years.branson was the hold out. >> you know who i can't get? >> who? >> carl cantanilla. big star. i got everybody else. what do you think? >> marshall september this to us and suggested we auction it off for charity. >> robert johnson. it is amazing. finally got branson. i got branson this week finally. >> marshall sent it to the office and harassed him for months. well done. if you have any ideas which charity, we would love to hear it. >> the printer for some reason has a split in my teeth. i think that's a mistake. that's not a nice caricature, is it? really? you look like a bratz doll. i'm not sure what's going on with carl. he's much, much better looking than that. >> well done. if you have ideas for the charity, let us know. >> up next, best buy's former ceo brad anderson hoping a i jobs creator alliance meeting. we'll speak to him about jobs. jobless claims could be big and move the markets. check out the futures right now. up again but only 10 points. [ male announcer ] here at opti

. >> boone pickens because he got cut off the basketball team and that's why osu gets all his money.erything that he's done and ultimately he can give some of his money away and not a bad way to do it. >>or guest host and friend, gary kaminsky is back and just like when he was here as cnbc contributor and employee he will somehow get the last word. that's next. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. >>> welcome back, everybody. our guest today has been gary kaminsky. he has the last word right now. it's so good to have you on set. nice to have you with us. >> it's great to be with you. i miss everybody. the most interesting thing to me is despite what we've se

. >> boone pickens, who as we all know began essentially a crusade a couple of years ago to try to takeal market is midsize and eventually passenger cars. >> it is like the originally crusades, the kind that makes you fabulously wealthy. >> that's right. >> the depressing part about his crusade is iran has gotten it, china is getting it. they are all building these vehicles that run on natural gas. the u.s. hasn't. and pickens see the impediment -- i can't say the word on television but those people in washington and congress who don't understand what a fortune the country is sitting on. >> boone is exactly right here. he's exactly right. if we converted -- and he does say 18-wheelers, but vans as well to natural gas, the revolution would be on. >> what it would do for us economically. i wrote an op-ed piece two weeks ago about the natural gas and why we should do it. i was attacked like you thought i had written they overthrow the united states government. >> who attacked you. >> the environmentalists. >> really? >> and it's crazy. >> it's cleaner. >> it's cleaner than -- >> 30% cleane

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