of cash cliffs -- cleveland cliffs. welcome both, good to have you here.take me through in some sense, it will help domestic steel manufacturers. what does it do to iron ore manufacturers? more steel produced in the united states is positive for cleveland cliffs. we were up before the impact of all these things. demand and demand and the economy is doing very well. david: that is good news. at the time, need these tariffs? why do we need to protect an industry growing already? lourenco: we don't need to protect, we need to level the playing field. china has been the perpetrator of a lot of different actions in terms of making trade not a level playing field throughout the world, particularly in the united states. tariffs have been put into place, we have seen early impact. earlier this week, markets were down and steelmakers were taking a hit, everything was taking a hit because of concerns trade wars could occur. do you think people are may be blowing this up a bit more? lourenco: i think there is a lot ction one way or another. joe: why? lourenco: at the

. >> caller: hey, jim, thanks for having me back on the show calling on cleveland cliffs, clf, so the steel prices have been near highs. i have seen doubled nearly doubled his stake in the company. and just curious, i thought these -- >> the dollar getting stronger, the mineral stocks have had a big run. i am not going to endorse that stock. i have too many things going jordan in home state of pennsylvania. >> caller: booyah, jim how about those eagles, baby. >> go birds. >> caller: i would like to talk about regenx bio it is consolidated -- >> look. they actually make money it is actually, i mean a lot of these companies sound like they are not real a real company that is a good spec but remember, all time high today. so we have to be more circumspect. the trade war is behind the decline in stocks. it comes down to whether you believe it is the u.s. or china staying power. on "mad money" oil, carriso oil and gas, and earning its shares have given you a nice energy boost. can it continue to power higher or is the pause in the rally. >> then, looking at the bigger picture when we go of

. >> i look at a name like cleveland cliffs, a $9 suite >> fastz pitch. >> we power pitched that. >> incorrigible. >> when we talked about it prior to the tariffs talk and the fundamentals in the steel industry were outstanding. these stocks are taken to the woodshed today if you look at analysts, people have a $10, $11 price target so if you could get away from the noise of tariffs, steel still makes sense here. >>> coming up, bitcoin now in its largest and longest correction since 2015 and a top crypto watcher and bitcoin bull says there are 200 more days of selling ahead. >>> plus, a travel takedown. carnival cutting its full-year forecast and the whole travel complex under pressure could bit a warning sign about the consumer >> later, guy says the pullback could be creating the perfect buying opportunity for one stock. he'll tell us what it is when he steps to give us his fast pitch. u' le t ndaq market site in new york city times square much more "fast money" right after this people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it