oil tycoon boone pickens says there is a new sheriff in town in the middle east. guess what? his name is vlad you know, vladmir putin? who is boone backing for president. will it be outsider like carly or insider like bush? what does he really think about donald trump. legendary businessman joins me here next. >> i'm not sure if donald is a republican. you look at his history, he always has been a democrat. ♪ usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. if i buy a car through usaa, i know i'm getting a fair price. we realized, okay, this not only could be convenient, we could save a lot of money. i was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. and it was just easy. usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. online and on the usaa app. >> the 2015 money races. marco rubio is not yet bringing in the big bucks. the florida senator's campaign says that only raised $6 million. dan carson top $20 million. maybe

boone pickens has been a strong supporter of the gop for decades. will ask him what he makes on this shocking news. right after this. ♪ we're cracking down on medicare fraud. the health care law gives us powerful tools to fight it. to investigate it. prosecute it. and stop criminals. our senior medicare patrol volunteers are teaching seniors across the country to stop, spot and report fraud. you can help. guard your medicare card. don't give out your card number over the phone. call to report any suspected fraud. we're cracking down on medicare fraud. let's make medicare stronger for all of us. ♪ >> time for a check on these markets here. powering higher. seventy-eight points right now the dow. lumbar liquidators. paying a fight am pleading guilty. this ends a federal investigation. a legally sourced wood products. go pro sinking. analysts cut their profits for the company. consumer complaints. nearly double. the best on-time rate. the most complaints along with frontier airlines. okay. when we come back. boone pickens. he will tell us his take for

boone pickens would agree with that. i think 20-dollar oil is ridiculous. although in 1999, deirdre, we did have $10 a barrel oil. went up to 150 in 2005. 147. now it is back down in the 45 area. i think this recent acquisition by china and investment firm in the permanent me an base -- permian basin in texas are indication that chinese don't think oil prices would stay down. sino chem, another subsidiary of china, bought a big part of the kline shale, 280,000 net acres of deep wells, eight, 9,000,

says boone pickens. general keane, we've dismantled our training operations there for anti-assad forces. are we effectively doing so turning over this region to that new, quote, unquote, sheriff, vladmir putin? >> not totally yet. but, listen, putin has clearly sent and incredible message at the expense of u.s. leadership and it is simply this he is doing everything he can to prop up the assad regime who was in precarious situation give progress made by rebels this year. he wants everyone in the region he will stand behind his friends and allies. it is in stark contrast, trish, to what we have done recently, number one. we abandoned mubarak in egypt. number two, we abandoned iraq. number three, we abandoned the government we were supporting in yemen and pulled out our troops. we call that retreat in the military. number four, we abandoned new government post qadaffi in libya and closed down our embassy. that is what the region is looking at u.s. actions. contrast against putin. obviously putin's influenc

. >>> coming up, boone pickens issues a warning about the power of opec.edence clearwater revival front man is in the house. we'll be right back. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. the great beauty of owning a property is that you can create wealth through capital appreciation, and this has been denied to many south africans for generations. this is an opportunity to right that wrong. the idea was to bring capital into the affordable housing space in south africa, with a fund that offers families of modest income safe and good accommodation. citi got involved very early on and showed an enormous commitment. and that gave other investors confidence. citi's really unique, because they bring deep understanding of what's happening in africa. i really believe we only live once

boone pickens is giving money to ben carson, not jeb bush?t. >> katie, the last time we saw you, you were in vegas and it was a huge event out there. what do we expect in atlanta? >> i think we're going to expect something similar in terms of his stump speech. in terms of the crowd reaction, though, i'd be surprised if we get anything like vegas again. that was a unique experience. trump was on his game in a way i had not seen before and the crowd was loving it. i think it will be slightly more subdued. this is just outside of atlanta, there will be quite a conservative crowd but they're not expected to be as raucous as maybe the vegas one was does. his similar stump speech. he does not give out preplanned comments to the press beforehand. so what he says is all in donald trump's mind and we'll be as surprised as the people in the crowd. kate? >> thanks. let's bring in halle jackson out on the trail with marco rubio. you just had a chance to speak with senator rubio. what did he tell you? >> reporter: i asked him, kate, about his fund-raising

deborah the crash comes just hours before the osu-kansas universityty football game atat boone pickens stadium in stillwater. police have arrested 25- year-old adacia chambers on suspicion of drunk driving. officials have not released the name of the three people killed. deborah: aurora theater shooter james holmes was alalgedly assaulted by an inma at the colorado prison where he is serving a life sentence. it happened earlier this month according to a spokeswoman at the colorado state penitentiary. holmes was injured in what's described as a minor incident....in passing in a hallway. it was serioio enough to warrant assault charges against the other inmate. holmes is serving twelve life sentences... plus, over three thousand years for murder and attempted murder...in the 2012 aurora theater massacre that left a dozen people dead and several others injured. deborah also going on nationally... texas is bracing for even more flooding. record rainfall is pounding the region... stranding drivers... and even train crews. at least one person may have been swept away by the water. reporter s

. >> a somber mood indeed but fans have made their way into boone pickens stadium. >> this is a school that lost players and coaches to two separate plane crashes in the past 15 years. this time oklahoma state takes a moment of silence for the loss of their fans. school officials decided to go ahead with the game. >> we are heart broken at this tragedy and our thoughts and prayers are with family. >> in addition to the four people who died, seven are still in critical condition tonight in oklahoma hospitals. >> sky 7 hd was overhead the richmond san arraf yell bridge. eastbound lanes were closed for more than an hour. no one was hurt. some people got out and found creative ways to pass the time. ian gilley gan, a 12-year-old in our community tweeted us this video. he was on his way to a golf tournament this morning and got stuck in the backup. he used the time to practice his golf skills on the freeway. when you see news where you live, take a photo and share it with us using the #abc7 now. we'll use it on air or post it online at abc7 news.com. >> tonight 3,000 people came together to

legendary oil man boone pickens on impact of troubled economies. and opportunities for investors. tomorrow 6:00 a.m. eastern on cnbc. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus, powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours. some neighbors are energy saving superstars. how do you become a superstar? with pg&e's free online home energy checkup. in just under 5 minutes you can see how you use energy and get quick and easy tips on how to keep your monthly bill down and your energy savings up. don't let your neighbor enjoy all the savings. take the free home energy checkup. honey, we need a new refrigerator. visit pge.com/checkup and get started today. >>> this has been a very trying time for biotech. etf down roughly 14%. until hillary clinton's tweet about price gouging. they managed to rebound once today. we have witnessed a flurry biotech ipos this week. does the market give

this is what boone pickens, the oil tycoon had to say about putin on set yesterday afternoon? >> guess who is the sheriff in town is? putin has moved into the middle east. that player is an aggressive, smart and does not like the united states and knows he is playing against a weak president. trish: so how do we manage, colonel, a middle east where suddenly vladmir putin is the sheriff in charge? >> and he is. that's, he got it exactly right. i mean putin playing this weak, weak hand. he has this diseased, decaying bankrupt country with rust bucket military, small core of military is good, that is what he is using, he is becoming dominant player. even prime minister netanyahu israel, made pilgrimages to moscow. he can read writing on the wall. putin has arc of power of countries iran, iraq, which used to be ours, remember, to syria and lebanon. he is backing shias. they will not only control that bloc but they will overshadow gulf emirates, sunnis and saudis, and putin will be in position, if he wishes to trot he will world gas and oil supplies. trish: thanks for your analysis

boone pickens would agree with that. i think 20-dollar oil is ridiculous. although in 1999, deirdre, we did have $10 a barrel oil. went up to 150 in 2005. 147. now it is back down in the 45 area. i think this recent acquisition by china and investment firm in the permanent me an base -- permian basin in texas are indication that chinese don't think oil prices would stay down. sino chem, another subsidiary of china, bought a big part of the kline shale, 280,000 net acres of deep wells, eight, 9,000, 10,000-foot wells that will produce a lot of natural gas and oil. i don't think they think the oil prices will stay down forever. they think they will go back up to 100. deirdre: the company would not spend more than a billion dollars, so your point is well-made. if the u.s. doesn't ship out the oil or use it, will we see, for better or worse, more offers from foreign companies and foreign countries to buy assets here? >> that is very interesting question. i'm not sure how to answer it because oil is fungible, deirdres as you know. so if they produce oil here, th

boon pickens talked about a new sheriff in town in the middle east. i think oil will continue to push the market higher. i know pete is seeing big paper in there as well. that's the trade du jour ask where the momentum is. >> this market has legs, do you agree with that? >> i think what we need to see here is what the verbiage is with ceos and cfo. >> it's indeterminatant right now. we need to hear from apple and gm and others what's going on in china to see if this rally will continue. >> where hasn't apple participated spshgs what's the message to the investors? >> right. that's been a huge disappointment. i mean, joy is talking about energy, and, yes, we had incredible amounts of energy. paper coming into last week. late last week. even into the beginning part of this week. we have not seen paper really in a bullish way coming in towards some of these names like an apple. apple just seems to struggle each and every day. i guess what they're waiting for is the proof will be in the pudding. yesterday we had an analyst on talking about apple. could be

boone pickens shouldn't be allowed to spend their money. i don't think that's the rob. wh problem. i'm saying is we can't have a system where members of congress are bending over backwards to please this tiny, tiny number of funders, the people nominating them to be able to run for congress. because if we do, we'll produce a congress like the congress we've got, which is really responsive to the funders, really responsive to those interests that fund them, but not responsive to the people. >> let's spend a couple minutes talking about you. born in south dakota, but raised in williamsport, pennsylvania. when did your family move there and talk for a moment about your mom and dad. >> so my dad was building silos for minutemen missiles in south dakota. and then we moved to minot. and then he started a steel fabricating company this williamsport, built bridges and large steel districts for buildings. and so we moved there i think in 1967 or so. so i was about six years old. and i grew up there all the way through college. and so my dad was a republican, an entrepreneur. i grew up a rep

and she also has tee boone pickens hosting luncheons for her and also tom per kins, venture capitolistnths. >> we said thatcher a couple of times and i saw her in new hampshire and i told her the biggest compliment i could do is compare somebody to margaret thatcher in 1975. >> the most remarkable act. >> hillary is very tentative and always afraid she's going to get t-boned and that shows every time she comes out on staej. >> that's a perfect way to put it. >> she has been t-boned 20 times. >> yes. >> she has been through a lot. >> none of those things. in fact, you can barely find the policy paper on the websites of the candidates except for hillary clinton, by the way. which have you rather have? 30 pages on social security? >> she and jeb can both catch up in 2017 with the policy pages. right now they're going to have to figure out. >> i want a candidate who has policy papers. i am alone in america. i am alone. >> i want a candidate who has policy papers too but you need some kind of unifying theme to hold it all together. if that's a theme you can put on the hat, that's all the be

dagen: boone pickens has talked about that for years now. where's the money going to come from?gas vehicles on the market, fewer today than a few years ago and you don't have the infrastructure in place to fill up your car with natural-gas. >> absolutely wright. i am not just talking see in gee but ethanol land methanol where we can build an industry. what it needs and this is where washington falls flat on its face everytime, what we need are some signals, some signals either in the tax structure, signals in the guidance to congress and the white house to provide the industry the we want to move away from oil as though only fuel for transportation and move in other directions and the entrepreneurs of this country, the wealth that is sitting idle will go to work and create the infrastructure. >> the senate banking committee is prepping a bill entitled the american crude-oil exporting quality act. we need an energy plan for the future and you're seeing value destruction of billions of dollars of investment, loss of 200,000 high-paying jobs because we don't have the right policies

boone pickens when it's above 80, but right now it's not going to go high anytime soon because we don'tomic engines driving it we still have supply and saudi arabia and opec looking for market share to put us out of business. stuart: spectacular coverage from scott shellady from chicago liz: not the rest of the team? >> the rest of the team was okay. he was good. [laughter]. all time high there, 101, a lot of-- am i hearing buzz, i am, that facebook's going to go a lot higher than $100 a share? >> facebook going higher. there are estimates up there 130, $135. stuart: is this from reputable big names? >> from the top business banks, they're looking at the numbers and they are seeing that it's possible, especially with facebook when they see instagram and how instagram is on social media. they know how to monetize. it continues to gain-- >> we're waiting to see stuart on facebook. >> and i-- >> going to wait a long time. >> it's young and that matters, those demographics, a 10-year-old and 25-year-old. stuart: you're into this. i've never seen such enthusiasm by hillary kramer. i always c

. >> i wonder what is likely, your bet they raise this year or boone pickens' bet oil is back to 70 beforeget to 70. maybe not. >> two things i have to say. the first is that i'm talking to dudley this afternoon, and forget what i have to say, the most important person at the table right there. it's what don rutledge says on china that's the most informative thing for anybody. >> thank you. >> what a lead-in. >> was that a lead? >> it's very important. >> another lead, john rutledge, investment strategist at geneva based -- >> easy for you to say. >> yes, what happens? >> i would think that the probability of the rates going up is just a little bit lower than the cubs winning the world series, but the economy sucks right now, the manufacturing side, especially, regarding china, manufacturing industry is very, very weak in china, they've got, you know, falling import prices, partly because although we talk about it, devaluation in the currency, it's appreciated by a ton in the last year against all emerging markets, against all of the raw materials suppliers, so prices are down, and so -- b

the flags are being flown at half-staff at boon pick bees stayed -- pickens stadium. >> the families and i know these victims will never be able to understand this, nor will we. but the cowboy family pulls together. >> reporter: we hear also that oklahoma governor is on her way to the scene. arthel? >> it is such a sad story. lauren greene, thanks so much. >>> now another big story. heavy rains and strong winds are pounding texas. the flood waters even forcing a freight train, as you can see there, off the tracks. this as the lone star state braces for the remnants of the storm that's moving across mexico. after making landfall as a hurricane category 5 hurricane patricia, we have live team fox coverage of this storm. rick reichmuth standing by the fox news extreme weather center. first let's check on the flooding in texas with will carr. authorities are warning people to be careful about rising flood waters, especially when it's after sunset. >> reporter: that's right. especially after last night over the past 24 hours where some areas got more than 20 inches of rain. we just got ou