us. [closing bell rings] this goes down in recent market history, one of the most dramatic reversals on final hour of trade on news that the federal reserve may pull the reins on this horse after market at least on rate hikes. nasdaq closes in the green. s&p erases nearly all the gains. that will do it for the "claman countdown." melissa: a thousand points in two days. stocks plummet for the second day in a row as a arrest of a top huawei exec renewing concerns about u.s.-chinese trade concerns. that is the story of way we come back. the dow down 77 points. it happened down almost 800 points earlier in the day. the s&p 500, getting ready to erase the gains for the year, but look at that. there, it is down four points on the day. the nasdaq now ending in positive territory, up 30 points. i'm melissa francis in new york.

connell: what a day, i'm connell mcshane reporting today from a u.s. steel plant just outside of pittsburgh. in many ways the perfect place to be as global trade remains front and center for these markets. while the president's tariffs may bring tension to some, we're told only bringing higher profits here. we have the ceo of u.s. steel live from here, his very own plant coming up on a special edition of "after the bell." melissa: wow, great stuff. back to that huge move in the markets today, the dow ending the day in the red but just barely. i mean we were down all day long. we saw this massive swingback on the final hours of trading on the back of that news of the federal reserve potentially taking a break from the rate hikes. that's where we saw the market really sky market almost to positive territory, down 77 points. we have gerri willis on the floor of the new york stock exchange. phil flynn is watching the action in oil at the cme.

blake burman is live at white house but first let's start with deirdre bolton who is live in the newsroom with the latest. forget it, let's go to gerri willis because she is where all the action is on the bounceback. >> unbelievable, melissa. tell you the sentiment changed just as market was ready to close, a trader ran by yelling at me, finish in the green, finish the green! it was a huge intraday turn around for all of the major indexes and why? because of the federal reserve. signaling a new wait-and-see attitude towards raising rates. they will go with a data dependent strategy, make a decision, meeting by meeting, dependent on the data whether they raise rates or not. we possibly will most likely have a december rate hike locked in but after that it will all depend on what the actual data shows them. this is big news for market, big news for companies, a big cost

of money, interest rates could be going lower, rather than higher. i want to mention quickly, i know you get a lot of detail from deirdre, huawei was the big story that moved market this is morning. a lot of traders told me it was hard to understand. the cfo of this china knows company being arrested in canada, basically violating sanctions on iran. that was the charge. that is why she was arrested. here on the floor of the new york stock exchange the way they took that, this could end up harming conversations, negotiations on trade between the u.s. and, and obviously you can see huawei right there. but i got to tell you, lots of good news for tech stocks here. the major banking stocks all trading higher. we have lots of positive news coming out of the markets. back to you. melissa: thank you so much. let's go to deirdre bolton in the newsroom.

deirdre? >> pick up where we heard our colleague gerri willis leaving off. so quickly canadian authorities arresting as gerri mentioned ceo of huawei technologies. the u.s. is requesting extradition. as gerri mentioned the charges relate to sanctions against iran, the fact allegedly they were broken. it has come to light national security advisor john bolton knew of the arrest in advance. so in an interview with another news organization, i am going to quote him here, we'll put up the line on your screen, so you can folly, i knew in advance, this is something we get from the justice department. these kinds of things happen with some frequency. we certainly don't inform the president on everyone of them. you don't know exactly what is going to happen in terms of particular law enforcement action. that depends on a lot of other circumstances. now huawei technologies as we know was at center of this relationship, tense relationship

between the u.s. and china since this summer. you remember that the u.s. barred huawei's equipment from showing up. they were saying it was a potential backdoor, if you like, melissa, to espionage and the trump administration has even gone one step further and is encouraging our allies not to buy or install huawei products. this is a huge next gen mobile internet network. this is the future of all mobile devices we use. huawei put out statement, they follow all sanction laws, business laws and regarding to the eu and the u.n. as far as how this is perceived from china i will read you a statement from someone who is part of one of china's largest tech think tanks. we have the quote up on the screen so you can follow. "the u.s. government's measures are quite clear to crack down on china's leading enterprises

setting ambiguous reasons in order to effectively suppress the surge of china's competitiveness." as most experts say this will increase tensions between the u.s. and china at a time when the world's two largest economies are trying to figure out their trading relationship. most people say, sum total it will get a lot worse before it gets better. melissa. melissa: deirdre bolton thank you very much. here is carol roth, former investment bank, creator of the future file legacy system. adam johnson, bull's-eye brief author. thanks for joining us. carol, a couple big stories moving the market todays i want to start with the latest one the federal reserve move. the federal reserve is sending signals, may wait to each individual meeting, decide what to do, no more long-term forecasting in the sense we'll start pulling back for a long period of time, saying where interest rates are going to go, market loved it. the market love it.

>> absolutely. what a wild ride, melissa. to think our white knight today is the fed just really funny. the fed really always said they have been data dependent. i think going back a couple months the market really interpreted what jerome powell said in a different manner. he is new. he had to clarify his speech. i don't think the story changed. melissa: really? >> yeah. i think this is more dovish, this is always been a dovish fed. i think they will continue to be data dependent and if the data doesn't look like it is moving too far i think we're going to get maybe or two rate increases next year at the most. so i think that for whatever reason the market is now interpreting what he is saying differently, and that's okay. i will take it. melissa: adam, does this good news hold? does it outweigh the bad news we saw related to huawei? i talk to people who came back from the g20. they were talking on the sidelines what is going on with china and about china, you know,

doing, taking similar action in other countries. very heavy-handed with trade, and very suspicious of huawei in their own country. this is a huge topic. tomorrow, what do you think is the biggest story of the two? >> no question these are the two stories right now driving markets but let's take each one apart separately. absolutely right. nothing has changed at the fed. they have been always been data dependent. that goes back three fed chairs. the difference is chairman powell said a week ago said we're a lot closer to neutral than we thought. we don't necessarily need to keep raising rates and he basically said the same thing today in slightly different language. the market loves to hear that. point number two as far as what's happening with china? i think there is a important distinction here that didn't quite surface until the middle of the day and here is what it is, melissa. on saturday night as president xi and president trump were getting together figuring

out the common ground was, that is when the senior executive was arrested. saturday night. you recall, it was wednesday after the markets fell 800, china said actually no, we have made markets. markets don't be afraid. we made progress with the u.s. on agriculture, autos and energy. they did that on wednesday. you have got to believe that the chinese senior leadership by wednesday already learned that the huawei executive had been arrested on saturday. melissa: interesting. >> i think the market needed today to figure that out. i think that started to percolate through the markets. once we figured out that was no longer onerous as we thought that was -- melissa: interesting theory. stand by, guys. go ahead, connell. connell: it is interesting, we've been watching all of this here in pennsylvania as well, especially the back and forth on trade. wall street investors are rattled by that it seems but if you look at president trump's tariffs on imported steel and aluminum, from the perspective of a company like one i'm at, u.s. steel it is boosting the bottom line.

we see it in all the steel plants. i learned a lot being here all day long. plants like this, plants all around the country really. the tariffs triggering increase in steel prices, really help these companies. the united states steel prices are going up while foreign prices continue to fall. this we'll talk about as the show continues today, even with the higher revenue, u.s. steel corporation stock price has been suffering. down for the year. when the tariffs in place the price didn't go up but profits went down. we'll try to make sense, investors wonder what will happen to this business if the tariffs as part of some sort of a negotiation end up going away? that is why we're really looking forward, just a few minutes to speaking with the u.s. steel ceo, david burritt. in a few moments he will be here live. plenty of questions, whether the president trade policy led as promised to more jobs in one

struggling industry coming up. melissa: looking forward to that. great interview. several high-profile silicon valley executives meeting at white house today. blake burman with the latest. reporter: some of the biggest names in tech converging on this white house talking about leaders who represent google, microsoft, ibm, oracle, qualcomm they were hearhere plus the presidents of mit carnegie mellon, massive reserve institutions. henry kissinger as well meeting with top members of the trump administration. jared kushner, ivanka trump, larry kudlow part of that meeting we're told. we're also told president trump was there stopped by a for a brief period as well. talking about the future of inknow vision, 5g, quantum computing, advanced manufacturing, artificial intelligence. a senior administration firm telling us one of the reasons why we want these tech execs, we

want to know how we can seek an environment to dominate in these industries. also present, top trade representative robert lighthizer. one of the reasons they brought him in the discussions because in advance they were gearing up possibility at least tech ceos would want to discuss theft of intellectual property. this is one of the top issues with the president's trade team as it relates to china and the on going negotiations there. melissa. melissa: you better get that phone, blake. it could be the president. connell: the panel, carol and adam back to talk about this a little bit more. carol, you know what i thought was interesting blake said there, if you're talking to tech executives you bring in your top trade negotiator in robert lighthizer and the fact that he was included today? >> i actually think it's a very bold move. i'm not a big fan of the tariffs but if you look at some of the

moves president trump is making, whether the arrest of cfo of huawei or bringing in the tech executives to talk about things like i.p. theft and national security that is a very strong signal to the chinese to say we're very serious of things outside of trade around intellectual property, around the national security issues. so i think it send as very big signal, especially as you mentioned having robert lighthizer there to help with the discussions and negotiations. connell: one of the things that will be interesting, adam, to watch out of all this as negotiations continue, and i'm thinking about obviously where i am in steel country today, is the president using tariffs, even the tariffs on imported aluminum and steel as negotiating tactic as part of a wider trading strategy and if so might they go away? because that's the worry from the steelworkers. they need tariffs to make money. if they go away they're in trouble. at the same time maybe that is the carrot-and-stick approach you hit them with intellectual

property and the like. what do you think? >> that is exactly why i'm not been buying steel stocks. i am not buying coal stocks either for same sort of reason. they are basically propped up with arguably artificial help from the federal government. i do think it is interesting what happened today at the white house where effectively donald trump is saying hey, u.s. tech, you're my guys and i want you here close to me because i may need your help going up against china. and what that also does, it says to me the trump administration is not likely to sort of push down on facebook, google, amazon in terms of customer data. i think that is one the things holding these names back. connell: right. more on that, especially the steel component of it in a few minutes. carol, adam, thanks a lot. we appreciate it. melissa: opec struggles to agree on cuts. phil, what do you make of this one? >> i think it's a lot of drama before the real cuts tomorrow. i don't think there is any doubt

there is tension in the opec cartel right now with saudi arabia leading the pack here, russia playing hard to get right now and i think the market is very disappointed but if you noticed, we saw the market come back big when the stock market came back. so we came back off the lows. there is optimism that opec and russia will come to some type of an agreement tomorrow. there is a lot of talk in the pits that you know, really opec may be dramatizing this situation a little bit. you know, that they want to downplay expectations so when they make that announcement, they can make a big splash. that is some of the talk in the marketplace. a lot of talk is concerns about trade. trade and energy was the first time since 1972, the u.s. was actually a crude oil exporter, not an importer. thats has to be great news. china agreed to buy more u.s. oil today. this trade war situation blows up, and it becomes a problem

again, maybe we won't be exporting quite as much oil to china but it will end up somewhere in the globe because it fungible. melissa: very true, phil the thanks for that. great stuff. feeling the heat on capitol hill general motors ceo grilled by lawmakers over a second straight day over the automaker's plan to cut thousands of jobs. is the future of the company at risk? plus accountable for murder. why republican senators are taking action against the saudi prince and the the death of jaml khashoggi. and connell? connell: we'll also have more, melissa from here. it's steel country in pennsylvania. industry president trump has been looking to revitalize with tariffs on imported products. in the short term it worked. profits are up. prices are up. but when we come back, david burritt, the ceo of u.s. steel, will join us to talk the future. special edition of "after the bell" coming right back. ♪

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connell: all right, boy what a day. the dow rebounding from that 780 point drop today, ending down, just 79 points at the end of the session. certainly well off the lows. you had that report that came out that melissa was talking about from the "wall street journal" saying that the fed is considering more cautious approach to rate hikes. certainly helped market in the end. you have trade concerns in there. those remain at top of mind for investors, one company that benefited from the president's approach on trade is the one we have been visiting today. here now, in a fox business exclusive interview is david burr -- david burritt ceo.

>> thanks for coming out. connell: we learn a lot coming out to businesses. one of the things i learned about your business, these tariffs, current approach on trade is important. how important. can you quantify for us? >> these are very important. took a courageous president with a lot of support from a lot of people, do the right thing to give us a level playing field to have fairer trade. it has been a big plus for us. connell: he talked so much about it. in fact i'll play a sound bite for our audience. we'll come back and president trump, he mentions your industry all the time, here is the president early november, before the midterms. take a listen. >> our steel industry is now thriving, getting better every single day. it is jobs, and money pouring into our covers. it's beautiful. connell: david, what he said there was, it's beautiful and it's jobs and it's money pouring

into our country. that's my question for you. i know you've been making more money. that's great. how many people have you hired since tariffs went into place, and more importantly how many people do you plan to hire next year? >> that event you saw is in granite city where we opened up a couple blast furnace, we were delighted to have the president to be there, to demonstrate 800 jobs were added. you heard we hired some 400 people this year. connell: right. >> for us is key issue is around national security, that is why it is so important. you see across the whole country, number of blue-collar jobs increased. best blue-collar. connell: will you hire more people next year? >> we're hiring all the time. connell: because i saw a help wanted sign on my way in hire. that must be a pretty good sign? >> we're looking for opportunities to where we serve our customers better. we'll make sure we have the right people at the right time. connell: one of the reasons i

ask you or press you, i wonder whether the situation, talking about the last part of our show, the situation with tariffs is temporary or permanent? in other words there is a theory out there the president is using tariffs as a negotiating tactic. they might go away. what happens if they do? >> well we don't see it as negotiating tactic. we see these tariffs being enduring for the foreseeable future. connell: okay. >> look what the results have been with this president. he is getting a lot of things right here. certainly for steel, it's a very good thing. if you look at economy, obviously a great deal for the economy. when you look at employment, unemployment rate, less than 4%, continues at a low level. actually look at productivity numbers coming through. yet, you can't help but feel great about what's happened. deregulation, tax reform, you know, again, a lot of things happened. connell: that has been terrific this year. has he personally assured you it will continue? you talked to president trump.

>> the president can't give anybody assurances. connell: not about the economy. what about the trade policy has he assured -- >> i don't believe the president can give anybody assurances on anything but we believe this president will not blink. we are confident that he will continue to do this until we get to fair trade. it is not so much about tariffs. it could be quotas a combination of things. connell: okay. >> he is doing tough things to get people to the table to have a conversation. a little bit of carrot, a little bit of stick. eventually people have come around. we've been in a trade war for steel for 30 years. connell: right. >> we're finally getting a conversation. we're here with you now. people are listening. they understand this is the vital to security of the united states. connell: i get it. your argument is essentially not that hey, we're going into a trade war. that you have been on the losing end of one and you needed to level the playing field, i totally get that. on other side of it, you heard this before, end-users, companies buying steel made here, they say hey, listen i'm

paying more now. i have to pass along costs to my consumers or eat it, have a lower profit margin. and as a result we get down the line all that kind of thing could slow economic growth? >> we appreciate the prices to our customers have gone up, we understand that, but if you look at the total increase in that price, it is really not substantial, for an automobile for example, average cost of car $30,000, the steel is around $1000. it is not a big number. even though prices going up now, do you remember anybody complaining about the prices of 2015 when they dropped 40%? did you hear anybody says prices of consumers -- i don't think so. connell: right. >> this is ebb and flow you have to get your head around, this is vital to national security. if you don't have steel, you don't have a country. you can't have good manufacturing. if you want to outsource the job, let people take away the economy you will not have a

future for our kids. if you want to be in a fight, you want it when you're tough. our economy is healthy. bring it on, china. now is the time to be serious. how many times do very pass things on to our kids. let's solve this now, not kick the can down the road 20 or 30 years. connell: i understand people wanting to go after china, we're in the middle of that trade negotiation now. some say putting tariffs in place on so-called allies is not way to do it, canada, other countries. >> they are allies and we really appreciate they're allies, when it comes to steel, they're not always good citizens. they're bad actors. we have south korea, for example, basically has 40 to 50% of the imports in the u.s., they actually don't even have a domestic market. they have world class steel facilities built by their country, right? we also have people, with the "whack-a-mole" scenario. connell: yeah. >> if you don't put it

everywhere, how can you bring the problem back to the source which was largely with, largely with china? you think about it. excess capacity of china is two trials the production capacity in the united states and japan. connell: final point, we'll wrap it up here, if you're so optimistic to the economy, how much are you adding to capacity? how aggressive are you next year? >> well we added capacity at granite city for sure. what we're focused on revitalizing assets, we run assets better when we spend money on then. we spent $2 billion on revitalization program which gets us 15% return by 2020. we are looking at assets not world class standards we can do better for safety, quality, delivery and cost. when we focus on those things, we focus on people, we get results for our customers and our stockholders. connell: thank you very much, talking about what is a very

important issue for people around the country. we'll later show people how the steel is made. we learned a lot, david. >> thank you so much for having us. connell: david burritt, u.s. steel ceo. melissa: great stuff, connell. thank you. u.s.-china trade tensions a top concern for pennsylvania voters. more from pittsburgh coming up. a final farewell to the 41st texas. president mourning the loss of president george h.w. bush. we're on the ground in houston next. to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.

melissa: texas saying good-bye to 41 the lone star state mourning the loss of former president george h.w. bush. the casket is currently on a train being taken to college station, texas. hillary vaughn on the ground in houston. reporter: melissa, thousands of americans in towns across texas are waving good bye to president

george herbert walker bush and he is on his way to his late beloved wife barbara where he will be laid next to her in rest in college station. train 4141 painted like air force one carrying the casket in a special funeral car painted with the american flag, with plex sy -- plexiglass windows highlighting his final journey through texas. the hometown celebration of the life of george bush. >> he would be the first to host intense horeshoe matchups among family, secret service, or any willing head of state. while encouraging trash talk like power outage, if your horse issue was short or woodrow wilson and you're long and your issue hit the wooden backstop. we know he did enjoy a long and extraordinary life. we know he is enjoying the beginning of his next life, rejoining those who he lost, by grace has found again.

reporter: melissa, yesterday's service praised bush's profound political legacy but today was about george bush, the husband, the father, and the grampy. the important reason he is laid behind is his family. he will be laid to rest in a private ceremony at texas a&m university at the presidential library. melissa: hillary, thank you for that. grilled on capitol hill general motors ceo facing another round of tough questions from. we'll take you live from capitol hill next. connell: a report card from the voters. what the residents of this state think of president trump's handling of the economy and what it could all mean for 2020. ♪ >> honestly i just believe about anybody is taking on donald trump in 2020. ♪

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♪ ♪ ♪ ♪ ♪ this holiday season, families near you need your help. visit redcross.org now to donate. melissa: general motors under pressure. gm's ceo mary barra is back on the hill for a second straight day, meeting with lawmakers over the company's decision to cut thousands of jobs. edward lawrence live on capitol hill with the latest. edward? reporter: we're hering conflicting goals. you have the ceo of gm, mary barra, wants to explain why she needs to cut 15,000 jobs and close four plants in the u.s. you have lawmakers on the other side pressuring here to

reconsider that structuring plan or bring more work back to the plants losing work, from say mexico. well today michigan lawmakers had their crack at this. this was the longest meeting by far, lasting more than an hour, and they didn't hold back. listen. >> we are watching the decisions that they're making. where they are placing the jobs, not only did they get a bailout from taxpayers, they also received a recent tax cut. and they're having record profits. reporter: and the gm ceo said that she would not say, first of all, she is saying she is working with employees going to be affected by this, she would not say if what she heard over the last few days caused her to reconsider? >> we have had really, really productive discussions and i think they have a better understanding of what we're doing and why, and how we're making sure that we're supporting the displaced workers especially plants that are impacted. i have a much, an understanding

and appreciation of some of the challenges they're working with. reporter: the plan is to layoff 15,000 workers, 3,000 are hourly workers who mary barra says could be moved to other gm facilities in the organization. i learned gm asked for managers, middle managers to take a buyout. they needed 8,000 of them to take a buyout. that number did not happen as of last november. which means coming january, end of january, there will be more layoffs of middle manager, vice president level. gm trying to shrink the executive force now by 25%. back to you, melissa. melissa: thank you, edward lawrence. connell. connell: you know, melissa that is kind of a perfect transition for to us talk about some of these economic issues and how they become political issues. no better place really to do it than here in pennsylvania. such a key state where president trump won in 2016. it will be a major battleground in 2020. you know, if you look at the

market losing nearly 900 points in two trading days, a reminder to some that the economy will be on voters minds, in states like this. what we did, we hit the streets to talk to the voters of pennsylvania, get a sense what they're thinking f they think the president can indeed win a second term. take a look. >> economywise, i think he is not doing horribly. >> he will try to bring in decent companies that will help america make money. >> i think trump could go down in 2020. >> there was talk of bernie sanders. i'm not sure i'm crazy about him either. >> beto o'rourke against him he will win. >> i think everyone has a fair shot. connell: so i think you heard some of what i think is important, melissa, and why this state, pennsylvania, is such a key, it always is. if you look at it, you talk about the u.s. steel ceo, the president made a lot of friends in the steel industry. many of them traditionally from democratic families union type people where at the same time, if you look at the results of

the midterms the republicans struggle in areas sometimes they do well, in the suburbs for example, with women, this is state we saw both of those things happened. we'll see which candidate the democrat picks to run against the president especially here in pennsylvania. melissa: connell, when you're inside of the plant, it is one thing, everybody excited about the tariffs, it's a steel town. when you talk to other people outside what does seem like top of mind? is the economy, jobs, do they feel things are going well or what? connell: i think generally they do, also number up with depends where they work, where they're from and issues for a suburban voter say outside of philadelphia or even outside of pittsburgh might be different than a your voter. i spent a lot of time here in 2016 with president trump. he is popular in the western part of the state. he is very popular in hair listburg and scranton. when you get in closer to

philadelphia, some. cities, the issues are different. then you hear about the social issues. you hear more about the president's personality. if democrats can do better in those areas than hillary clinton did, you could have a different result next time around, but it is a fascinating state. you get a little of everything. melissa: you spend so much time on the road and you talked to people, it is more now, his popularity is stronger now when you go back to the same areas? do you feel like it is kind of tapered off? are they happy or disillusioned? connell: in places he was most popular, maybe this is overly general statement he is very, very popular. when i was in iowa earlier this year i thought there would be more anger in rural areas because of the tariffs. melissa: right. connell: i was surprised to see how much rope, for lack of a better kind of term, voters were giving the president. they were saying hey, listen, this tariff war is fought against us for years and years. something had to be done. these people were on the losing

end as opposed to people on pennsylvania at least at u.s. steel on winning end of it so to speak. melissa: connell, bring back a jacket and i love the glasses but neon is what i like to match. i love it. connell: i know. melissa: growing tensions between the u.s. and saudi arabia. details on a u.s. senate resolution calling the saudi prince complicit in jamal khashoggi's murder. what it could mean for relations going forward. that's next. ♪ ♪ trelegy. the power of 1-2-3 ♪ trelegy 1-2-3 trelegy with trelegy and the power of 1-2-3, i'm breathing better. trelegy works 3 ways to... ...open airways,... ...keep them open... ...and reduce inflammation... ...for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems.

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melissa: vowing a strong response, senators on both sides of the political aisle introducing a resolution calling the saudi crown prince complicit in the murder of "washington post" columnist jamal khashoggi. this comes days after cia director gene -- gina haspel briefed ski senators own her agency's assessment ever the killing. we have michael o'hanlon from

the brookings institute. what does it mean for the senate taking action? does it mean anything? >> it's a fascinating development. it doesn't change the direction of sorts. it's a sense of the senate. we're finding mohammed bin salman is complicit, what the senate believes based on what they have been briefed and based on what i can gather from the outside. there is no specific response in terms of sanctions, somehow trying to arrest mohammed bin salman, put him before a u.s. or national criminal court. it doesn't lessen u.s. military protection for saudi arabia if they get into a fight with iran and of course separate from this is the track where the congress is considering reducing, ending support for the saudi war or saudi role in the war in yemen. i think that continues. that is separate from this specific finding. it really strikes me symbolic than anything. i think it is sort of an important marker, an important signal to president trump, thou

shalt not ignore human rights in american foreign policy a important marker with mohammed bin salman, you're a brash, arrogant, turns out murderous young man and if we have to deal with you next 50 years as leader saudi arabia we have to take, message for actions we'll accept and it is symbolic but important. melissa: like the u.n., they put forward a resolution. they have no army to back it up. could it an linked to some of these other actions? does it get the senate off the hook, they say they openly condemned this, but they don't have to follow through with action on any of the other fronts you talked about, whether supporting war in yemen or weapons or more sanctions, or does it foreshadow more of those things? which do you think is more likely? >> that is an excellent question.

you belong in washington with that politic analysis. it really does potentially provide an safety valve, a excuse or opportunity to pass the one resolution, saying we would like to end military support of the war in yemen with saudi arabia. we passed another resolution that we think mohammed bin salman is complicit in the murder. we can't do much more. we vented our outrage and we need to move on. to some extent that will happen in the grander scheme of things because the united states and saudi arabia need each other very much. however horrendous the murder was i don't think it will break the fundamental relationship but i think it continues momentum with the congress having a bit of a showdown with president trump forcing a change in saudi policy on the war in yemen in particular. we see some unrealistic ideas out there, indefinite cease fire, things like that. this may signal the congress will stay engaged trying to gradually wind down that war.

if that is the collective effect of the different resolution, i think it could be a good thing. melissa: michael, thank you, interesting insite. >> my pleasure, thank you. melissa: next, back to pittsburgh where connell taking a look how the steel is actually made. ♪ >> what you're seeing the start of casting process. we have 250-ton ladle it solidifies into a slab. connell: when we come right back here "after the bell," the next step in that process. ♪

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really happens here. we talked a lot about tariffs and numbers and what have you. but start on this end and tell us what we're looking at. what's up here >> sure, we're starting with liquid steel. that's made to our customers' required chemistry and then it is slowly solidifying as it moves through a mold and in through segments and then it turns into the solid strands that you see behind us. once it's cast into the strands, we cut that into the customers' required lengths and their widths. >> when you say customers, what does this turn into for the most part? >> today we're making appliance grade steels. so washers, dryers, ovens, refrigerators. there's a good chance your appliance in your house was probably made with our steel. >> as a quick point before we go back to new york, it is hot up here. how hot? >> we start with 2800 degree liquid steel. once it's solidified, just under

a thousand degrees. >> i was thinking it wasn't just me. thank you for the tour today. we appreciate it. we thought it would be interesting to kind of get this process, right, start to finish? >> so cool. why did he get to go and not me? thank you, connell. a big-ticket item in the battleground of pennsylvania. we hit the street to see what voters think about the ongoing trade war between the u.s. and china. >> i understand what trump was trying to do because it was unfair with the trade tariffs that we had with china. >> i think china is probably going to have the upper hand by the end of it. >> [inaudible]. a little bit of incentive to keep some stuff at home. >> i think we need to come one a fair deal for both parties.

connell: we're back here on location as we took the show on the road today to a u.s. steel plant just outside of pittsburgh. earlier in the hour, i spoke to

the ceo of u.s. steel, asked him if he thinks the president's trade policies will continue. >> we believe this president will not blink. we are confident he will continue to do this until we get to fair trade. it is not so much about tariffs. it could be quotas. it could be a combination of things. he is doing the tough things to get people to the table to have a conversation. connell: can't say melissa enough how important that is, that these steelworkers really believe that the president is not using the tariffs as a negotiating tactic -- maybe if they go away and are replaced with quotas that would be okay, but these tariffs are so important to this industry that if they did go away, that's the difference between profit and loss. so there's a lot on the line here. we will see how the president handles it from here on out. melissa: that's interesting because the long-term goal is supposed to be to have everybody take all tariffs off everything. that's supposed to be where we're heading. your point is that in theory at

that point they would be pretty sad. i don't know, then you have to say that the price of all your other goods go down. maybe if you understood that as an overall concept. great job, connell. love it. connell: all right, melissa. melissa: fantastic stuff. that does it for us. bulls and bears start right now. hi everybody. this is bulls and bears. we're glad you could join us. i'm david asman. joining me is steve forbes, john layfield, rick unger and erin gibbs. we will show you some live pictures of the george h. w. bush presidential library. this is in college station, texas. and it is the final destination for our 41st president. we are awaiting the arrival of the president's casket traveling along with the bush family and friends. the train, that train number 4141 has arrived. the casket has been transferred into the hearse. we will be bringing you the final ceremony before he is laid to rest. scheduled to begin