that's what's hurt nucor. that may not be done until president-elect trump comes in and says, no more chinese steel from anywhere. nucor stock is going to take off like a rocket. interest rates are what's controlling the stock market. we don't want their control. rates are going higher. our job is to find inflation-proof pockets of positivity to escape. it's not easy. we will have charts later on that gives you a nice place to look. i'm circling back to the charts to see whether we can have a tech rebound. after this week's market action, i will break down a thesis, see how much stands. ahead of the nfl playoffs, could draft the draftkings be a touchdown? i took this personally, consolation sank. let's speak to the ceo to see if there's any turnaround, let's say, on tap. stay with cramer. >> don't miss a second. follow 6@jimcramer on x. have a question, tweet cramer. send jim an email. or give us a call. miss something? head to madmoney.cnbc.com. ehh... hmm. oh, that's very, uh... - right? - mmm... this store

why cleveland-cliffs and nucor may make a bid for u.s. steel. we're continuing to monitor the devastation from the deadly wildfires in california. the latest on the damage as firefighters brace for more dangerous winds. don't go anywhere. "fast money" is back in two. >>> this is "fast money," with lia le rhteronnbmesse,ig he cc. pull fast, not hard. don't be afraid of the birds they're just as scared of you. can i ask you about some financial stuff? you know i hate giving out advice. talk to a financial professional today. feel comfortable about tomorrow. massmutual. (vo) what does it mean to be rich? feel comfortable maybe rich is less about reaching a magic number... and more about discovering magic. ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >>> welcome back to "fast money." firefighting efforts continue in southern california as dangerous winds and dry weath

but nonetheless sources close to the situation indicate that cleveland-cliffs has partnered with nucorosed to the previous deal and reflective of the change overall in the industry which hasn't been positive and remember the deal is 55 so that puts it in perspective but as part of this cleveland-cliffs would buy it and turn around and sell this key unit in arkansas and that is what they wanted and previously they had taken a look at it and they made a bid alone and there were always antitrust concerns and this would ameliorate those concerns and there would be something that went along with it and they would keep it in pittsburgh and they would brand the steel product, iron or would be under the cleveland- cliffs brand name as well. none of this may come to the floor, but it is something certainly investors want to keep in mind as we see how this process plays out over what could be many months in terms of the continued attempts by nippon to challenge the ruling and challenge cleveland-cliffs and what they say was interference in their deal to begin with but they are partnered again an

nucor would use assets.dman sachs promoted key executives in combined teams to form a capital solutions group, recognizing the growing importance of private markets. the chief executive says the restructuring reflects goldman's desire to operate at the fulcrum of one of the most important structural trends taking place in finance. coming up, trump's economic team is said to be discussing a gradual approach to tariffs. the market reaction and. stay with let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ >> good mrs. bloomberg daybreak: europe i'm tom mackenzie in london these are the stories that site your agenda. donald trump is looking at a slow and steady approach to tariffs, stocks rally. our market m

nucor is decimated by chinese dumping through mexico. if you wanted to do something to preserve the steel industry, stop mexican dumping by china trans shipment. instead, they do this although nippon steel guaranteed a level of production. >> billions of investment in the united states keeping the headquarters in pittsburgh. they bent over backwards. if you are going to argue on national security, you know, u.s. steel and nippon steel say japan is one of the closest allies. this is what friend-shoring is all about. let's stand up to china and dumping of steel. >> look, this is just optics. it is called u.s. steel. >> politics. it's run through the swing state of pennsylvania. >> economics whatsoever. hyman roth was more accurate of what to do with u.s. steel than president biden. >> the question is -- look, if there's legal challenges, and it goes to the courts, and ultimately to the next administration, what will trump do? he has publicly come out against the deal. >> we wanted to defer to vice president-elect vance who talks about the

steel jumping as sources tell, david faber nucor are for a potential takeover bid of the steelmaker after buying the firm. cleveland cliffs declining to buy u.s. steel and shares of united steel up 6%. >> all right. thank you. kristina partsinevelos. we'll talk about shares of honeywell today. >>> sector sort is sponsored by sector spdr etfs. >>> coming up next, we'll t se you up with kb home results in o.t. the market zone is next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. finding the right path takes experience. as a national leader in municipal investment banking and wealth advisory services hilltopsecurities can help you find the best path to reach your financial goals. with the backing of a diversified financial services enterprise, dee

cleveland cliffs and nucor are looking at a joint offer for u.s. steel.and said he would use debt. the partnership could include cliffs acquiring most of u.s. steel and new court -- nucort could take assets. that is your brief. jonathan: more from dani in about 30 minutes. up next, setting donald trump's tariffs and motion. -- in motion. >> everyone is on board with a phased-in tariff. we will bring down hours. -- if you bring down yours, we will bring down hours. jonathan: that was in august. this is bloomberg. ♪ jonathan: equity futures up by .2% on the s&p. bond yields a little higher. 10-year, 479.24. donald trump's tariffs in motion. >> i have spoken to the president, spoken to his team. everyone is on board with that kind of forward guidance or a phased-in tariffs. here is president xi. here is 60%. it might be 2.5% a month for 24 months. tell when you have had enough. at the end of the day, i think donald trump views tariffs as a way not to end free-trade. if you bring gun you're tariffs, we will bring down ours. jonathan: bloomberg reported donald

so we saw cleveland-cliffs, we saw nucor thinking about a bid rumored to have a bid.o. >> be the. >> nippon deal in the 50s? probably not. will it be the high 30s in in steel? that's probably a little bit too low. price targets across the street are probably, you know, 20% higher, at least higher from where they are right now. and when you're talking about this new ceo coming in, i'm a little confused there. anchor is looking to get that breakup fee. i'm not sure who would pay the breakup fee if it wasn't the fault of nippon for breaking up, so it would be the united states that was really at fault. i think. >> either way. >> if you look at consolidation in the space and trying to save. the steel steel companies that have had a lot of heavy, heavy headwinds, i think the stock goes much higher. >> all right. mike ko, what's your take on this one. >> well, yeah, i mean. cleveland-cliffs had made a bid for the company at around the same time that nippon steel did. and you know, they came in only just slightly light. i think it was $54 versus 55, something like that. so,

manufacturing and housing and how we should pay attention to that not just the good jobs -- >> if you are nucor maybe the best steel company in the world you're saying if we don't get a rate cut soon i don't know what's going to happen. we're used to the mag 7. the 7 don't have this problem. do you think amazon is having a slowdown? >> no. the opening bell. the cnbc realtime exchange. the big board, qxo provider celebrating its transfer to the nyse. a nice chant here and a big crowd. >> brad jacobs is the ceo. this is his ninth ringing of the bell. he gets a real quick, obviously his people like that, too. a hostile takeover against beacon, beacon is a company i like, very much wants to stay independent. cheer and cheer on, but it's going to be a real battle. >> with some of his board members i see, his wife also by his side. >> there you go. >> nasdaq restore nyse a nonprofit raising awareness of human trafficking. >> his wife makes excellent chocolates. salesforce up 6. >> why? >> there is a recommendation today and i have to tell you i think it's all about agent force which is doing so well.

cnbc reporting just earlier this month that it may partner with nucor for a bid, as frank cora $10 billionfolk southern r&b global and barry global among others. u.s. steel disclosing that ancora has a less than 2/10 percent stake in the company, and cora already batting that down, saying, hey, you gave us a tight deadline for a nominee and we're amassing a meaningful stake as we speak. so let's let the drama unfold here. >> we you have seen activist investors with very small percentages that have been successful rarely in the past. but against exxonmobil, there was the case where that situation played out and they were successful in going through with it. there are so many accusations about how every side is compromised in this, from the management side to the activist investors and what what are they saying that they were involved with cleveland-cliffs before? >> yes. so and let me just also say that later today we are going to have alan kestenbaum, who is the ceo, nominee. nominee by and cora on closing bell overtime exclusively. so we're going to dig into all of this further with him.