t. boone pickens. what do you make of china? donald trump says he's the >>> my guest t. boone pickens. make of china? donald trump says he's the enemy. other guests are saying they're potential friends. where do you sit? >> i think they're a competitor. enemy? i don't think so. but, you know, we have the most developed military any place in the world. we have 12 aircraft carriers, there's not another aircraft carrier in the world, but the chinese are building a state of the art aircraft carrier. what am i saying? i think that we -- we're not -- we don't look like -- we don't have the same structure as any other country. and i don't understand, we could get our people out of the mideast. i don't like all of our military in europe, for instance. 50,000 people. i think we come home and start to look at our overall picture more clearly and decide how we're going to spend our money. because we have got to cut down on the $14 trillion in debt. now, that is not going to work, and we've had an early warning from the s&p on that. and i think everybody understands we have to cut spending. here t

t. boone pickens says the man is thankful for the tea party and says the trouble in washington is a lackf leadership. boone pickens joins me now. you like being called j.r. yuing through or not. but needs a little bit of j.r. action. >> we need action. no question. if i was asked my opinion by the white house i would say get on your own resources. we have resources in america. and every day, we're spending a million, 200 million for foreign oil. totally unnecessary. getting on their own resources. get off of foreign oil, creates a tremendous amount of jobs. it would be good. >> but you have an interest in that. you have a company that's the alternative to oil, many would say. do you feel slightly compromised when you stand up for something that would help your business like that? >> when you say i'm in the business. i'm i got out of school since 1951. i've been in the oil and gas business. actually, the business i'm in would be clean energy fuels and clean energy fuels does better with a low price for natural gas. not a high price. i'm not a natural gas producer, i have very little natur

t. boone pickens and we are hear for you. do you remember thisst. >> markets. >> markets. >> markets. >> so they got the debt deal and look at stocks now. and mike huckabee is not surprised. and more on the sell off. this is the tea party's fault? s instead of real people. 'cuz robots work for free. robot 1:good morning... robot 1:...female child. sfx: modem dial-up noise woman: flaws? yeah, um, maybe. anncr: there's an easier way to save. anncr: get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. you know that comes with a private island. really? no. it comes with a hat. you see, airline credit cards promise flights for 25,00miles, but... [ man ] there's never any seats for ,000 miles. frustrating, isn't it? but that won't happen with the capital one venture card. you can book any airline anytime. hey, i just said that. after all, isn't traveling hard enough? ow. [ male announcer ] to get the flights you want, sign up for a venture card at capitalone.com. what's in your wallet? u

t. boone pickens and many more tomorrow. be there. >>> hello, it's 5:00 on east coast and this is "the five." women are taking over today. the first time we outnumber the guys. i'm dana perino with kimberly guilfoyle, bob beckel, andrea tantaros and greg gutfeld. we have a lot to cover tonight. first we start with the faa fabrication. we have exaggerated numbers used by the government to make the situation seem worse than it was. plus, arnold schwarzenegger's former $40 million lawsuit against media outlets. what sean penn said that caused this reaction from major league baseball manager. >> he's a loser. >> dana: "the five" starts right now. >> so are you. ♪ ♪ >> dana: so, as with the first friday of every month we have new job numbers to talk about. today, 117,000 jobs created in july. that was the report today. that's a decent number. certainly better than previous months for sure. but the underlying number spells trouble for the economy such as the number of people to gave up looking for work altogether. andrea, no danci

t boone pickens tilted his lean 78-year-old body back in a chair in the dallas officer, propped the black cowboy boots up on the corner of his desk and gave me an owlish work. it's just getting drier and drewer out there he said in an amused voice. he handed me an article about his water company, many critical of the plans 20 suck water from the aquifer, the largest aquifer in north america underlies eight states. it's also being rapidly depleted by people who are pumping it for mostly for agriculture, but other reasons as well, and there's a great deal of concern about the ogallalas. the article notes a lack of rain combined with a population boom could push texas into an unprecedented drought. pickens signed up 200 land owners representing 400 acres in roberts county, where his ranch is, to participate in a deal between mesa and a thirsty city. no buyers yeting but he's a patient deal maker. the ogallalas aquifer is just surplus water as he sketched the route on a white board. it's stranded out there doing nothing. it's not needed in the panhandle, a tough country not suited for farming

t. boone pickens, thank you very much. >> sure. thank you. >>> that's all for us tonight. here's anderson cooper with ac 360. >> thanks very much. it is 10:00 p.m. on the east coast. we're in mogadishu, perhaps an incubator for the next act of islamic terror headed to the west. the warriors, the terrorist group al shah bob have just pulled out. the united nations world food program which provides the majority of the aide to somalia and kenya, they say they only have three weeks left or less. three weeks of food supplies, much more on that tonight. we're going to talk to a lot of folks about the situation on the ground here in somalia. reporters who have been covering it for us for weeks. we begin with breaking news out of washington. harry reid becoming the first member named to the super committee, they are patty murray of washington state, max baucus montana and john kerry massachusetts. this comes at the end of the day that saw wall street climbing out of the smoking hole. part of the reason squabbling over the debt. the question tonight, will this super committee end t

t. boone pickens, thank you very much. >> sure. thank you. >>> that's all for us tonight. >>> good morning from cnn london. i'm nina dos santos. >>> good afternoon from cnn hong kong. i'm andrew stevens. you're watching "world business today." these are our top stories on wednesday, august 10th. investors regroup after days of heavy losses as the u.s. federal reserve vowins to keep rock bottom. >>> when it comes to steering the economy, we'll tell you how beijing is being penned in by china's soaring pork prices. >>> stock markets are up, but after the collapse of confidence that's hammered equities over the past few sessions, investors are wondering whether the panic is really over. tuesday's federal reserve meeting appears to have been the trigger for the rally in europe. the gains there partially reversing the spectacular falls of recent days. european indices are heading higher. a asia followed that swing. the dow posted its biggest gain this year. here in hong kong the stock exchange has just closed. the hang seng recovered so

t. boone pickens and others, it's easy to understand the argument about the clean-burning domestic energy then when you start dealing with the individuals at extraction, or the actual residents in places like pennsylvania is their patriotic -- our specialist is ben grumbles, former assistant administrator for water for the epa. >>> are we any closer to know whether the disruptions in the water supply, the disruptions in the deepwater drilling, the potential toxicity above the surface which seem to be the three areas of debate is being resolved? is anyone even resolving this? >> we're getting there. the jury is still out, but we're finding there's a world of difference between just say no and drill baby drill, and frac with caution. there is definitely not at mission accomplished stage yet in terms of the water footprinting and the impact of water on water of natural gas drilling. do you have any insight -- are we any more prepared to deal where a major oil spike today than a year ago? >> in terms of price? sill think we're getting there. we need as a country to be paying more for the wate

t. boone pickens says 500,000 jobs over five years and i believe it. three steps that i believe would be the most powerful immediate until getting the country going again. and the mark place would respond. >> one part of the whole debt ceiling debate i was surprised about involving you, because you're a pragmatic, sensible member of the republican party. not all of them are. it came the moment when we said you cut spending by $10, would you prepare to get $1 off in revenue. you voted against that. and i would have thought the pragmatist had thought that -- you are the compromise guy. the guy that gets deals done. why would you get that done? >> i'm the guy that would lead out based on principles of what i've done. >> i've had the pleasure of meeting some of your family, your oldest daughter, and two adopted daughters. one from india, one from china. all delightful ladies. you had five children of your own and apt dodd two others. what was the thinking there? >> the thinking was we had a little more love to give. we lived in taiwan, ran into an orphanag