t. boone pickens: how do they get out? david: sell, merge. t. s: it would be a lower price if they had not sold a year ago. of 2015.ell on in may the price of oil was $51 a barrel. that well was on. it paid out in december. months. the oil price was falling all the way. now i will not go back and offset that well. i will wait until the price gets back to $50, $60. i will not offset the drill. david: i want to turn to politics because you have been outspoken about the oil drum. from.t else we do not know what he is going to change to. it has really taken us to where we would be? t. boone pickens: i understand the question, and i have doubts. but if i do not get donald trump , not knowing change, what is, i am going to get hillary clinton. ok now tell me who are you going to vote for? there is no way you can vote for her. she has already told you, every day, she says, it is march 16, i remember very well. i will shut down all the coal fossilnd get all of the fuels out. most stupid statement on energy i have ever heard. you are producing 95 million

t. 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

t. boone pickens. d 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 i said the shareholders are, too. he said yes, but you're a fast buck artist. fast buck artist? i said, who in the hell would want to be known as a slow buck artist. >> i see it as a free enterprise system working at its best. >> pickens was the first investor to realize how undervalued american companies were and what you could buy there. and it was his early tilt at all these famous deals that brought this new reality to the attention of other investors, who followed in his wake and sought to imitate what he did. >> i freely admit, i want to make a profit. >> it is not wrong to want a profit in capitalist america. it's fair. >> i van made a fortune buying into companies being taken over

t. 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. good morning, sir, how are you? >> good morning, harry. >> why don't we head to the trophy room, if you don't mind. >> sure. >> t. s was a texas oil man who became the original corporate raider. he would buy 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 e

t boone pickens shares his opinion of hillary clinton's energy platform.p 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 granola plunge -- 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 happened. one of them as he failed to -- is he failed to disclose personal investment in the fund. he 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 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 famili

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.

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

t. 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. >>

t. 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

and 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

t. 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

t. 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

t. 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

t. 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. 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 criticize

t. 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'

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t. 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

t. 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

that is the legendary t-boned pickens -- t boone pickens talking to us. shut in production the curve you that it will go higher? >> what we've seen in nigeria is an additional 400,000 barrels a day. a wildfire zynga and the wildfires in canada are going to be a big issue for the next week. they will not just start up, immediately. the other thing is that we raised our demand forecast so we see as they highlighted this morning in the first quarter, demand on the year on year basis was 1.4 million barrels a day. we have a little bit less of that for the year, but clearly the balance is tightening. however, we expect there will be a downturn in the third quarter, and we think that happens because you still have a lot of ofde inventories, and lot product inventory and that will lead to refineries having to cut their run. jonathan: my biggest issue with the commentary is you pick a narrative around the move on any given day and i've never the morning after the saudi's major big changes, crude was up, we talked about canada, it was down, which talked about the

t. boone pickens, who promised a fundraiser for mr. trump, he's now -- he didn't cancel. after the convention in july. so that's the latest snafu. neil, there are about a half dozen pacs that are loosely associated with donald trump. the problem is people don't know which is the preferable pac. and i think that's the problem that boone has. we should point out that t. boone gave us a statement saying he has no 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

t. boone pickens and other donors that are trickling over to him, others like paul singer say they won't fund-raising and support, he has people like representative collins that was here earlier supporting, and he has the grass roots. >> that's the most important thing. i was in omaha, nebraska, a red state friday. the crowd booed as loud for paul ryan as clinton. doesn't matter. we were focused on this today in washington and rightly so. conservative activists are with the nominee. >> trump is making it clear, hold your thoughts for a moment, he is no longer self funding, he has to go out and start raising money. >> james baker doesn't get more establishment, the fact that he met with trump is huge. >> former secretary of state. >> correct. >> stand by. much more to discuss. >>> a closer look at what's happening on the democratic side between hillary clinton and bernie sanders. much more after this. windows 10 is great because i need to keep organized, anything that makes my life easier, i'm using. "hey cortana, remind me we have a play date tomorrow at noon" i need that in my world. >>

t. boone pickens to trump's supporter secede successful in their use in the whole issue to drive the ideathat he is untruss wedding. >>mark d:donald trump's political career and his rise through the republican party are now being studied by college students >>mark d:savannah state university in georgia is now offering a course titles "trump 101." >>mark d:it is being offered in the political science department. >>mark d:and according to the professor. the class will seek seek to uncover the political phenomenon that trump has become. >>mark d:the class will examine how trump navigated the primaries and how he has reshaped the g-o-p. >>darya f:two plane crashes in one day leave five people dead and two others injured in hawaii. >>darya f:the first involved a fiery crash in kauai. >>darya f:that one happened about 9:30 monday morning after the plane took off for a skydiving tour. >>darya f:officials say four of the people onboard died at the scene and the fifth died at the hospital. >>darya f:their identities have not been released. investigators are still trying to figure out what caused t

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

t. boone pickens have come out for trump. and the koch brothers have yet to come out and endorse.nd nine chairman committees of the house are backing trump. a . stuart: the last item sounds to me like they're coming closer together, the republican party is not exactly united, but they're getting the >> i don't know if the republican party has ever been united. i think the other day makes a difference. he seems to be different in person than the media portrays him. i think that people see that on the rose. the idea of hillary, people realize we can't go there, inunacceptable an and mr. trump has great ideas and will do the right thing for the economy and changes everybody's mind no matter who you are. ashley: fabulous. stuart: take another look at this. we selected this as the hockey fight breaks out at a baseball game. wait for the right hook. >> oh. stuart: ouch. i'm not sure i like showing our viewers that first thing on a monday morning. it was a brutal punch. it's the texas rangers against the toronto blue jays. >> and a hard slide. that wrote on the right hook and ten minutes

t. boone pickens was to host a big event for one of the trump super pacs.idential election since 1992. but this year donald trump could change all that. the latest poll from the keystone state shows the race there is essentially tied. hillary clinton's one-point lead right inside the margin of error. >> you know what i've called pennsylvania since 1992? fool's gold. every four years they go in and say they're going to win. and every four years around october 15th they pull up the stakes and kind of sneak out at night when nobody is looking after they've wasted a lot of money. >> if there were a governors race between donald trump and hillary clinton, who would you bid on in a governors race. >> maybe trump. i don't know. but in the presidential race, good luck being a republican that's not down 400,000 when you get out of philadelphia. you tell me that donald trump is going to be down 400,000? i don't think there will be enough votes in western and central pennsylvania to make up for all the people that are going to go out around philadelphia to stop him, r