aluminum countries in the green like century aluminum, alcoa, and then we've got kaiser and treadegar. all of them are still well into the green at the moment with century leading, up 12.25% followed by alcoa, up 4%. meanwhile, traders have been slamming the brakes on most of the u.s. automakers which use a voluminous amount of steel and aluminum it's turned into a mixed picture. gm back into the green, tesla was up 5.25%. president trump sticking up for his buddy, elon musk, saying he's considering buying a tesla. ford still in the red by 2%, stellantis down 2.5%. the only american car manufacturer seeing gains is tesla, but keep in mind the stock has plummeted nearly that -- 45% since the year began. now president trump says the only way for tariffs to disappear is if canada, quote, becomes our cherished 51st state. let us get right now to aluminum if giant with alcoa and lauren simonetti, our reporter, who has landed an exclusive interview with the with ceo at its plant in messina, new york. lauren. >> reporter: liz, you need whiplash to follow the developments today. the stock mar

show me alcoa stock. it is up.ou increase these tariffs includes prices of aluminum in the united states may be increase the profit for alcoa, $0.24 higher but the stock, big downward markets. elon musk says he knows who is behind the massive cyberattack on x, we will review his crime subject a little later on the show, two kinds of travelers, people who arrive at the last minute and people like this. >> 5:00 am! >> it's not until 2:00 in the afternoon. >> exactly. stuart: i am one of the people who get to a place very very early. a new trend that has to travelers sweating to catch their flights. we will deal with that next. ♪ ♪ [air blower sound] ♪ okay, son. focus on what you can control. everything else is just noise. when you work with someone who knows a lot and cares even more... you're unstoppable. at truist, we believe the same is true for banking. i've got a lot going on right now. let's focus. what are your top priorities? ♪ (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place

. >> ironically, alcoa stands for the aluminum company of america.ed on its most recent statements, there should be an a removed from their name. their interest is really how this new executive order really affects their primary aluminum production out of canada. their windfall is over. reporter: this is important because alcoa is based in pittsburgh but does most of their business in canada and other countries, so while they've expressed they're upset about this tariff and they're expecting to lose about 100,000 jobs in aluminum, most of the interest probably revolves around what i just explained. liz? liz: kelly, thank you very much, kelly saberi. canadian industrial metal exports specifically anything nl popping in price and also popping the tension between president trump and canadian leaders who say they are fed up with the tariffs strongarming, but just moments ago as we reported at the top of the show, the president announced canadian products that comply with the usmca trade deal will be temporarily exempt from tariffs until april 2. in order

there are four smelters in the u.s., and and alcoa owns two of them.ants an exemption. >> our message to the white house is we're aligned with your view that we want to create strong manufacturing jobs in the. we -- in the u.s. we think that the best way to do that is to be able to bring canadian metal into the u.s. to support our downstreaming customers like people who are making trucks, cars, door frames, beer cans. the best way to support that the industry is to have an exemption. >> you okay with a temporary exemption if the president says, okay, i'll exempt your canadian imports for this am of time? >> we will not be making long-term business decisions based on a tariff structure. tariff structures can change overnight. >> yeah. this facility has been here, stuart, for 123 years. it uses the same amount of electricity as a a small city. in fact, energy is the biggest cost for making aluminum. >> what as kept aluminum smelting from being with grown in the u.s. is really high energy costs. so in order for us to make an investment in the u.s., we wou

so, to could be the reason alcoa largest u.s.er says concerned about losing to be thoso jobs take a listen. >> our president set it best tuesday night when he said that we do not have a country without a healthy steel and aluminum industry. without this executive order, we will not exist. this executive order fixes loopholes, that existed from the first executive order. too the beverage straying talking about it the cost to increase price of can so small that it feels like companies are fearmongering might be why coca-cola ceo spoke differently than some companies in latest call, i think we're in danger exaggerating, it is not insignificant but radically changing a multimillion dollar u.s. business this, of course, could speed up usmca discussions canada members first to try to get ge exemption on tariffs president trump told us there will be no exemptions, back to you. maria: thanks very much, and joining me right now, the head of the small business association president trump working to bring back production to america, as he r

alcoa is upcoming u.s. steel and nuclear down a little, not much impact on the aluminum and steel stocks from that interview. let's move to the 10 year treasury yield going up to 4. 30 one%. the price of oil still below $70 a barrel, 67 right now and bitcoin, here we go, $82,600 per coin, that's the markets and now this. say goodbye to environmental justice. one more development in the trump revolution. lee zeldin, the epa administrator will eliminate all the offices of environmental justice throughout the epa, no more special treatment for what the left because marginalized communities who are disproportionately affected by environmental policies. that's been a mainstay of leftist politics for years. president biden insisted that 40% of the benefits from environmental programs must go to marginalized communities. that was the way environmental justice makes way deep into the heart of policy. the ellen because it forced discrimination and it's going to stop. no more closing or relocating highways because th

large companies may be looking past the short term bumps and the ceo after alcoa, listen. >> tariffs come down and consider this for tariffs in the future and not based on tariffs but being able to lock in energy prices for 20, 30, 40 year time period that provides enough time to provide returns on an investment of this magnitude. reporter: the president is replacing non-productive government jobs with productive private sector jobs and that transition he says is happening right now. larry: edward lawrence, thank you ever so much. appreciate it. over to capitol hill and chad pergram joining us live. chad, what's going on this cr? reporter: good afternoon, larry. house of representative right now is debating that interim spending bill. that would fund the government basically at old biden era levels through september 30th. hakeem jeffries, democratic leader from new york was on the floor right now. right now the vote probably a little bit after 5:00 and thomas massey, republican congressman from kentucky is the only known gop no he's undecided but a bit closer and jd vance, vice presi

the news that trump will double the tariffs on steal and aluminum imports because we spoke to ceo of alcoa antist tis pating -- anticipates increased aluminum prices and knack disease down 80 points right now. big deck a bikessed mcture this morning and -- big tech a mixed picture and alphabet and apple down more. the 10 year treasury 4.21 and that's the ten year. i keep going back to it. what would happen to college students if they attacked and insulted black students and put on white sheets like lanmen and tried to run blacks off campus. they'd be in prison and you know it. i'm talking about clear double standard, which has emerged on elite campuses and protections for all minorities except jews and something is being done about it and trump administration is threatening to withdraw funding from colleges, which did not take action against anti-semitism and they started with columbia threatening to pull $400 million and 60 of the colleges have been put on notice. better yet, the admin vagues is expanding the crack down on hamas supporters. khalil detained by department of homeland securi

ask yourself why alcoa keeps coming to the white house saying, can we have an exemption from the aluminum tariff? that's the biggest. >> aluminum producer. >> in this country. >> they want an exemption. >> others are lining up for exemptions because they don't want their production to be more expensive. >> well, and to your point, heather, this is where you see it with the automotive case. right. so it's just it's self-contradictory to its core. the idea is oh, we're getting ripped off and we're going to make cars here and we don't want them, you know, in mexico and canada, even though the sort of post nafta production process moves parts across all three countries all the time. so we're going to bite the bullet. but then when it's time to bite the bullet, he doesn't bite the bullet. and he kicks it for another month. so it's like you're sort of caught between first and second base. you're you've got one foot on the boat and one foot on the dock. you're going to end up in the water, which is where we are. >> well, it certainly seems like where we're heading. you know, i think you're right

it's why alcoa constantly goes to the trump administration and says, can we have a reprieve from the very piercing question as to why they continue to pursue this. when everyone from the left wing to the conservative wall street journal is calling this dumb. and i think that's a fair question, but i think those assessments are correct. >> so when you talk about these specifics. so this is like what some small part or something being put together. it's done in the united states. it crosses over the border to get something adjusted to it. it crosses back. i was hearing about in maine, where lobstering that is the lifeblood of the maine economy. apparently the majority of lobsters caught in maine are sent for processing to canada. slap a tariff on it right there when they come back across the border to be sold or eaten in our restaurants here in the us. let's put another tariff on that. what's that going to do to maine? >> it's going to do bad things to maine producers and consumers. and look, i mean, what you're describing is something i've long described under the rubric of you can't

even alcoa, one of the biggest aluminum makers in the united states, has warned that these tariffs could kill 100,000 american jobs. there's also the risk that it ignites a global trade war. the u.s. imports a lot of steel and aluminum each year, a lot of it from canada, but also mexico, china, the uae, brazil, south korea. now these countries have to decide how are they going to respond? the european union, not wasting any time here. they immediately announced retaliatory tariffs on items that are made in america, including we've seen bourbon, peanut butter, jeans, boats, motorbikes, all of them. $28 billion of u.s. goods face retaliatory tariffs. now the eu tariffs they don't kick in until next month. so that leaves some time for some negotiation of course. but if they do kick in, this could hurt u.s. workers in these sectors because the stuff that they make just got more expensive. >> you know, trump has been saying, look, there is pain and there is going to be a disruption that's going to happen. but eventually this is going to be good. the question is how long americans will be able

. >> alcoa and. >> us steel. >> are higher. >> today, presumably because they would face less competition. >> donald trump has made it clear that he wants to go after multinational corporations. he says the globalists have been ripping us off. bertha, i guess, what would it mean for him to try to reorder things, to try to take away their power, rehome them here in the united states? is this a three month ordeal? it is a is it a three year ordeal? is it a 30 year ordeal? how does he do it if he actually wants to do it? >> well. >> you know, certainly. you've seen a number of companies. >> making overtures. apple saying that it is going. >> to invest. >> on some production here. >> not for the iphone. >> it's very. >> difficult to. turn those things on a dime and suddenly bring them home. but you are seeing more. companies announce. >> you know. >> more production here. >> in the us. it doesn't happen overnight, but. >> the overall uncertainty. >> is really starting. >> to filter. >> down and rattle, not just. >> for consumers. we've seen those consumer numbers. >> come in. >> in terms of t

even alcoa in january, saying depending where metal tariffs come into place, we will have to look at the potential how we trade differently when it comes to global realignment. jonathan: coming up this hour, following the work week for stock since september, stevve chiavarone. kim wallace. -- we begin this hour, stocks falling as concerns grow over the health of the u.s. economy. steve chiavarone still bullish, acknowledging that while there is the risk of an atomic soft patch, -- they are telling us what they want, detox period. steve: trump is always a negotiator, and he is negotiating with three parties. with the fed, that he wants to have cut, and an economic slowdown helps. he is negotiate with conservatives in congress, where he is looking for a bigger tax cut, and a slowdown helps. and he is negotiating the bond market. if you were talking three or four months ago about tax cuts and rate cuts, we would have 10 year yields north of 5%, 5.5%. that is the detox period we are talking about. what is our visit of what we saw in 2017. in 2017, he was coming into a softer economy. he