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

joined by boone pickens and mark fisher. recent "gallup poll" shows americans' opposition to fracking is now at 51%. maria: yeah, bernie sanders made fracking a central part of his presidential campaign forcing others into the discussion. mark, do you worry that the next president could do to oil what the obama administration did to the coal industry? we know it wasn't good? >> i don't really -- i'm a little concerned whoever the next president is and what they do to the oil industry and the gas industry. i think banning fracking altogether is insanity. i mean, it could be done -- it could be done very efficiently, obviously with a lot of safeguards to protect the environment. there's new technology to replace the water that goes with fracking, but just to go ahead and just ban it, we're going to end up creating our next energy crisis ourselves. with we have the opportunity to actually be the world's swing producer and energy producer in oil. it's nuts to me. anthony: what do you think, boone? >> absolutely nuts. you're prod

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. re 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. and

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

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

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.

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

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.

that is -- boone pickens.was on, he said he saw oil at $50 to $60 by year end. ♪ francine: i am francine lacqua in london. tom keene is in new york. we are looking at yen and dollar, but first let's get to the bloomberg business flash with nejra cehic. nejra: toyota says annual to crowd -- toyota says annual profit will probably decline for the first time in five years. japan is forecasting currency swings that led to record profit are now posing a problem. the yen has risen more than 10% against the dollar this year. to another japanese carmaker, mitsubishi motors is blaming overly ambitious fuel economy targets for the company's cheating on data. mitsubishi will likely have to compensate customers. -- the twoernment largest office-supply company's have abandoned their merger. a judge agreed with officials the merger of staples with office depot. tom: i was waxing philosophical yesterday with jeffrey rosenberg and robert sinche about a moment in time when the bank of america , ages ago, part of that valet was

t boone pickens says he supports donald trump for president and has backed his call for a temporary immigration ban on muslims. pickens said, "cut them off -- was wasgot plenty -- coming into the u.s.. i do not see that impact to the economy at all." you can more stories on the

lou: my buddy boone pickens, who else? >> boone is going to do an event for us in texas.ley 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 he keeps saying exactly what he mea

we have the oil tycoon boone pickens at 2:30 in london. w york. slow, hurting macy's.he forecast for the year hoping first quarter sales have missed estimates. they are closing under some stores, offering more discounts three of prolonged oil slump is leading to a jump in the language is and state reliance on the energy sector. jump dakota leads with 67% in series to link with these. west virginia and texas and oklahoma have also seen the jump. and lawmakers looking to bring relief to flyers. senators are urging airlines to drop back during the busy travel season. they say this will reduce long airport security lines. but others say it is misguided. and that is the bloomberg business flash. going ahead deals, market of reaction. ♪ ♪ you are watching bloomberg markets." matt miller is looking at early movers. is really feeling the pain, the entire retail high street really feeling the pain. take a look at macy's here. macy's, the sales beat earnings, but is concerned about foot traffic because herald square gets more visitors than disney world. all applies to macy's. mi

boone pickens adelson.ut others like the koch brothers are still standing on the sidelines. >> it's just bowing to reality that that's what you have to do to be competitive in november. >> reporter: competitive against hillary clinton, who has already raised almost $168 million from individual contributions compared to just over $12 million for trump. but even if he's trying to open the fund-raising floodgates, he still said this just last week. >> i'm self-funding my campaign. take a look at hillary, the money. take a look at where she's getting that money. >> reporter: later this month trump will be kicking off a string of 50 fund-raisers beginning with an event in california. in order to get to that billion-dollar mark he's probably going to need to start making calls to those special interests he said he'd never bow down to. >>> three years after a texas fertilizer plant went up in a huge fireball killing 15 people and injuring hundreds, investigators say it was no accident. manuel bojorquez reports. >>

when boone pickens raises money, he joins big money.oining us, strategist, lee carter, great to have you here, lee. editor of the national review fox news contributor just in from vienna after a national review cruise. great to have you back with us. >> hi, lou. >> lee, let's begin with you. trump goes to washington. he seems he's had his way down there. i mean the optics, he looked presidential. he's talking presidential. he is above certainly the recalcitrants. i mean, 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. the whole thing. 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 came out and said, i endorse you and we're going to be best friends. >> how nice that he is being authentic. >> no, i think authenticity is one of the most important things we have right now. >> i was just being, i was just

t boone pickens shares his opinion of hillary clinton's energy platform. up next, highlights from the week's top company news from dollars to doughnuts. ♪ scarlet: this is "bloomberg best." i'm scarlet fu. let's continue our top business story starting with the resignation that rocked the online financial sector. >> lending club founder and ceo has resigned after an internal review to determine the company's business practices were violated. stock is extending its drop since the company's ipo to 65%. >> there are two things that happen. one of them as he failed to disclose personal investment in the fund. had a 2% interest in a fund that lending club also has invested in. it was his responsibility to show he was part of that as well. that was number one. number two was that he helped create $22 million of loans which he thought -- we found that was to jeffries and a lot of the criteria is of the loans were not met. jeffries eventually sold back those loans to lending club and resold them again. >> one of europe's wealthiest families is branching out from c

boone pickens weighed in.e's praising donald trump's success in business as an indication of his good economic policies. and said, quote, "you judge a a trapper by his pelt." [ laughter ] trump was like, "for the last time, it's not a pelt, it's my hair, okay. [ growling ] [ cheers and applause ] down boy. down boy. sit down. sit. sit. be quiet. [ growling ] okay, boy." [ laughter ] the big trump news today is this audiotape that resurfaced from 1991 where donald trump apparently posed as his own publicist during a phone call. [ laughter ] this is real. during a phone call to "people" magazine. people are saying it's definitely him, he's saying it's not. "isn't it annoying when people dig up stuff from the '90s and use it against you?" [ laughter and applause ] [ growling ] "okay, boy." [ laughter ] get this, an artist is hoping to protest the republican national convention in cleveland by having 100 women pose nude outside the event. or as republican men put it, "hey, no, stop. [ laughter ] [ applause ] pleas

as trump tries to win over paul ryan he's getting a vote of confidence from oil billionaire t boone pickens. endorsing donald trump saying i'm tired of having politicians as the president of the u.s. let's try something different. speaking at the salt conference in las vegas he also says he backs trump's proposed ban on muslims saying the u.s. needed a better immigration policy. he's pickens is planning a fundraiser for trump next month. >> interesting. because guess who the main victims of terrorism are. muslims. it's trick. that's why they're fleeg. and we'd love to hear your thoughts on this and all the other topics that we're covering. e-mail and twitter. and low are they going to check people's nationalities if it comes down to that. >> imagine the lines in customs as well. >> yeah. and explain to a american immigration officer what a drews is. anyway. coming up on the show he's an innovator in music and wearable technology. how buzz will-i-am feel about a possible donald trump presidency. we'll be back just after the break. >> i think ooel be okay. because i'll move to london. so it w

including t boone pickens. we have lots coming up today.ching earnings for macy's, which have just crossed. matt: first-quarter eps at $.37. of the numberme becomes $.40. both numbers better than what the street was looking for. that was $.33. the estimate was $5.93 billion. it be on earnings and a miss on sales at macy's. -- beat on earnings. at macy's inlook stock and we will watch it fall, trading at $35 in the premarket. let's take a look at the other stocks that are moving today. out, missing analyst estimates for the first time in five years. we can see the stock down 5.5% right now. it has not missed estimates in 20 quarters. sales at espn fell 31%. electronic arts wrapped up a record year for earnings and sales by posting fourth-quarter results last night that top analyst estimates. sales rose 12%. ea up 7.3%. electronic arts has been a competitor with one of disney's units, infinity. they make video games you can interact with. his knees closing that unit. -- disney is closing that unit. rocks will buy the palms casino, just two we

. >> boone pickens.the list goes on. >> the reality is that this is already moving significantly. >> yes, it is. lou: is he going to have any, any delay in fund-raising because it's only now being formed? >> i don't think there's a delay. i think it's a monstrous task to raise the money that you need to raise today, but i think no other republican could do it at this point in time and he certainly can because of friendships and contacts. but we've got to play catch-up. the democrats do what they start to romney. start firing with the super pac real quick and find him before the convention, and he's got to get on the air and respond. lou: it would be helpful, the not necessary as trump indicated but helpful if ryan would get in line and screw his head on straight, in the vernacular, and we just heard corey lewandowski talking graciously on behalf of the campaign, talking about bringing their agendas together. i thought that was particularly magnanimous on the part of the trump campaign. do you think this

boon pickens is among those.nd is that the kind of boost he's going to need and he's going to need more of it? and is that just a drop in the bucket, do you think? how big of a boost is it? >> it's certainly helpful, but it's really a drop in the bucket when you're talking about $1.5 billion. many of the hard dollars is $2700 a person. $5400 a couple. this requires hard work and a state chairman. a state like california can raise a lot of money but you've got to have eight or ten co-chairmen in that state to make it happen. so, again, i think he's starting well, he's got a good quick start with a couple of people. but we're talking about building an entire national network. and it has to be done very, very fast. >> so, let me ask you very quickly before we run out of time, even if you don't end up endorsing trump, do you think you'll help fund raise for him or plan out sitting out this election altogether? >> oh, no, i don't think i'll sit it out. i've been talking to people who have been with romney campaigns or

boone pickens should be planning this fund-raiser. he needs this money now, not later.ou have to ask yourself, what is going on here? this infrastructure should be set. i talked with boone a couple weeks ago and asked him. he said when everything gets set up, 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

boone pickens, a trump supporter says -- >> he's successful, but not as big as donald sees himself. >p vodka and trump university. i have very successful companies. believe me. >> reporter: trump's foes are using the whole idea to drive the idea that he is untrustworthy, misleading the public. in short, a fraud. and it may be working to some degree. a recent "washington post" abc news poll finds more than half of all voters now feel strongly trump should release his tax returns and give the public a peek at the paperwork behind his legendary riches. erin? >> tom foreman, thank you very much. my panel is back with me. jason, does it matter -- trump, he is always talking about how rich he is, okay? but he has made this $10 billion a cornerstone. he cares deeply about this number. let's say the reporting shows it is half that. less than half that, like "forbes" says, does it matter? >> i don't think they care at all. the guy has much more money than any of us sitting at the table, at least i assume so. maybe some on the other side. but $4.5 billion versus $10 billion? at that appointmepo

legendary boone pickens, i'll ask him more about that.ere he comes in las vegas, nevada, just gotten off the set. countdown coming right back this just got interesting. why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis and a $200 savings card st

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

boone pickens. to host a fund-raiser for the super pac next month. [ buzzing ] >> the trump campaign announcing a national finance chairman as they headed to the general election. steve mnuchin will head up those efforts. [ buzzing ] he's a former goldman sachs partner. >> seth: so trump the candidate is in many ways another fake persona, just like john miller. trump is doing the same thing to voters that he did to reporters in the '80s and '90s. so get ready, america, because it's only time that trump announces at a campaign event that he's going out with beyonce. [ light laughter ] or john miller will. this has been "a closer look." [ cheers and applause ] ♪ we'll be right back with connie britton, everybody. [ cheers and applause ] ♪ ♪ ♪ i keep on walking, i keep on laughing. ♪ ♪ i do what i want, no matter what it takes. ♪ ♪ it's no one's business what i am doing, ♪ ♪ the only thing that matters is what is on the inside. ♪ ♪ and don't worry if they don't approve of you, ♪ ♪ whenever they critici

boone pickens the other day out in las vegas was saying, i can't wait to have this guy in the white house. i can't wait to have a businessman in the white house. so he clearly is opening up his checkbook. >> if the tax returns doesn't show -- i know everyone keeps saying wi s saying, why keep ask about the tax returns. because every other president has done it since the 1970s. if it's not indicative of how much money he has or how much he's worth, why not just release them? or why not release the years that are not under audit. >> he's talking about releasing the years that are under audit as soon as the audit had been completed. but it will show charitable contributions and what his marginal tax rate is. no one in america cares. they far more what their marginal tax rate is than they do donald trump's? >> do you agree? >> i don't. donald has made such a big issue about his net worth and how much money he makes every year. and i think it's important for people to see what a presidential candidate, let alone a president, pays for taxes. and it would be his income and how charitable is. he'

we will hear from t boone pickens about why he will support donald trump. ♪ hii'm here to tell homeownersder about a great way to live a better retirement... it's called a reverse mortgage. call right now to receive your free dvd and booklet with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money... and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home and here's the best part... you still own your home. take control of your retirement today! >> it is 2:00 in new york, 7:00 in new york. what come to "bloomberg markets." ♪ david: from bloomberg world headquarters, i am david gura. u.s. stocks falling after the biggest gains in two months. the dow losing 150 points after we can earnings from macy's and cap, now talking about the strength of the con

boone pickens and sheldon adele son.koch brothers, are still on the sidelines. >> it's bowing to reality that that's what you have to do to be compet95 november. >> reporter: competitive against hillary clinton who has already raised almost $168 million from individual contributions. compared to just over $12 million for trump. even if he's trying to open the fund-raising gloo fund-raising floodgates, he said this -- >> i'm self-funding. look at where hillary is getting money. >> reporter: trump will be kicking off 50 fundraisers this month beginning in california. in order to get to that approximately-dollar mark, he's probably -- that billion-dollar mark, he's probably going to call the special interests he said he'd never bow down to. >> interesting. thank you very much. >>> an unusual twist at the invictus games in florida. elizabma her swimming events yesterday. it's what she did with one of her medals that is getting attention. she returned the medal when prince harry placed it around her neck. the prince initially

boone pickens.ike the koch brothers, are still standing on the sidelines. >> it's just bowing to reality that that's what you have to do to be competitive in november. >> competitive against hillary clinton, who's already raised almost $168 million from individual contributions. compared to just over $12 million for trump. but even if he's trying to open the fundraising flood gate, he still said this just last week. >> i'm self-funding my campaign. take a look at hillary with her money. take a look at where she's getting that money. >> now, later this month, trump will be kicking off a string of 50 fundraisers beginning with an event in california. norah, in order to get to that billion-dollar mark, he's probably going to need to start making calls to those special interests he said he'd never bow down to. >> really interesting. juliana, thank you so much. >>> an unusual twist at the invictus games in florida. elizabeth marks won all four of her swimming events yesterday. but it's what she did with