jack: andrew, jack hough.eed to put on a hard hat to look at a chart of steel stocks from the past because they have been so volatile. anything change to make the steadier performers going forward? andrew: the us industry has gotten better with consolidation, four companies control 80% of the market and you see a sharp increase in profitability, that allows companies to improve their balance sheets, reduce financial risk, provide returns to shareholders and improve environmental footprint and reduce emissions. carleton: a number of steel companies, talk about the outlook, an interesting one to cover. andrew: it has a low valuation around three times earnings. it has well-regarded pugnacious ceo, strong raw material position in the pre-good spot for the next couple years. carleton: what about the mystic players? andrew: the only steel stock in the s&p 500, the best balance sheet, the biggest production. it is the go to stock for people who are more conservative on the steel industry and steel dynamics, the smal

. >>> coming up on "cbs mornings," darren criss and julianne hough visit our times square studio to tellg the tony awards acts one. an exclusive special on paramount plus. >>> i'm anne-marie green. this is the "cbs morning news." panera chefs have crafted a masterpiece... succulent, seared chicken... a secret aioli... clean ingredients... in a buttery brioche roll. made fresh, to leave you... speechless. panera's new chef's chicken sandwiches. $0 delivery fee for a limited time. when pain says, “it's time to go home” “i say, “not yet”. ♪ ♪ aleve. who do you take it for? dad, when is the future? um, oh wow. um, the future is, uh, what's ahead of us. i don't get it. yeah. maybe this will help. soow we'ree esent. and now... we're in the future. the all-electric chevy bolt euv with available super cruise™ for hands-free driving. - dad. - yeah? do fish get thirsty? eh. find new answers. find new roads. chevrolet. >>> our top stories -- the house committee looking into the january 6th on the u.s. capitol will make its findings public. the panel will hold the first of at least six public hearin

what it could meet by your home and investments for my colleagues ben levisohn, and jack hough.a brutal week indeed. what happened that made investors even more pessimistic than they have been practically all year? it's the official bear. >> the fed happened. we came in expecting half a rate hike and we find out monday morning for a wall street journal article really, that it is going to be three quarters of a points. the market had to adjust to that in real-time. and it did. it tumbled. this is really what is going on it's all about rates and that's all about bonded deals. those are really going to determine what the valuations are in the market. they go up, the valuation has come down. the fed has set a path the market can trust. there's going to be a lot of volatility. at the same time we are looking economic data that is starting to slow. this is a terrible combination with the rates going up, the data is slowing. elite leaves the market in a precarious situation. jack: you said rates are sending valuations and down. and the economy is slowing which means earnings will also

i am hough, coming up, inflation, our stock market recovery, we will ask our bank of america strategist about your money now. there is no miracle obesity cure, or is there? two drugmakers could see wild sales growth. we begin with three things investors should be thinking about right now. inflation is surging again and investors are tandraing don't look to them. barron shows who is squeezing drivers. apple getting into buy now pay later. what it could mean for big tech investors on "barron's roundtable". my colleagues been levisohn, carleton english and alex, why the stock market has been so sleepy and then the dow slipped on a banana peel. inflation is the culprit. what can you tell me? ben: inflation was the culprit. it went up to 8.6 in may from 8.2%. in april, inflation peaked, not quite and there isn't anyone thing, it was oil, food, shelter, you name it but the fed has to be more aggressive when it meets next week. a half point rate hike was expected but now could be as high 3 quarters of a point. the market has a sense where the fed needs to go to claim inflation it is a rocky ri

ben levisohn, carleton glitch and jack hough. interesting conflicting signals out of the economy. fairly strong jobs report, strong manufacturing, week services at all was complicated by the fact the fed is trying to pull things down so good news isn't necessarily good news. break it down for us. ben: the market finished the week down 1% for all three indexes and we had strong jobs, wage growth wasn't a strong as expected. that was good news but strong manufacturing offset by services so all these folks coming together making it hard to know how much the fed will have to tighten monetary policy. it could be a 50 basis point rate hike and able to stop but we are getting mixed signals from corporate america where companies like tesla announced they will be cutting jobs by 10% and microsoft reduced its outlook but a company like ford and walmart saying they need to hire people. hard to gauge where things are going. jack: more job openings than people looking for jobs. despite these mixed signals you and a lot of smart investors have a clear investment thesis. can you explain? >> we a

ben levisohn, carleton english and jack hough. a lot of interesting conflicting signals out of the economy. a strong jobs report, strong manufacturing week, services, all this complicated by the fact that the fed is trying to calm things down. good news isn't necessarily good news, break it down for us. ben: hard to know what to make of this. the market finished down one% on all 3 indexes and because of the things you mentioned we had strong jobs, wage growth wasn't as strong as expected. that's the good news but strong manufacturing set by weaker services. all these forces coming together and makes it hard to know how much the fed has to tighten monetary policy. it could be they do their 50 basis point rate hikes and able to stop but we don't know. we are getting mixed signals from corporate america where companies like tesla announced they are going to be cutting jobs by 10% and microsoft reduced its outlook but companies like ford and walmart saying they need to hire people so it is hard to gauge where things are going right no

i am hough, coming up, inflation, our stock market recovery, we will ask our bank of america strategistis no miracle obesity cure,

. ♪ ♪ ♪ hough i have seen that footage many times.ve seen that footage many times there's still moments that give me chills as i reflect on the work of the association over the past 60 years, and the incredible opportunities we would have working with future presidents and first ladies. it was really a special honor to have the daughter of president and mrs. kennedy at the kayla. ambassador caroline kennedy has been a wonderful friend and supporter of the association, and she shared inspirational remarks on the founding and early work of the association. >> it's hard to believe that my mother was only 31 with a three year old, in newborn baby, and a very busy husband, when she became first lady. and it's hard to believe too how much she treated moving into the white house. the most terrible thing has happened, she wrote to her friend, bunny melon, the day after the election, jack has won. [laughter] we have to move into the white house. so dreary with all those curtains. [laughter] she was displayed that there was no way that visitors

hough takes us to one of the country's largest protests. student activists and gun violence survivors. they spoke to everyday shootings that don't often get a whole lot of coverage and the mass shootings that do this is the 2nd march for our lives rally the first took place here in d c and around the country immediately following the 2018 shooting at marjory stoneman douglas high school in florida. the organization is student led and demand sweeping legislative reform to reduce gun violence. americans have a right to not be shot a right to safety. nowhere nowhern. is unrestricted access to weapons of war. a guaranteed right. this year's rally comes in the wake of two mass shootings in less than two weeks last month in buffalo, new york 10 people were murdered in a grocery store because they were black and texas another 18 year old shooter, shot and killed 19 school children and two teachers. democratic congresswoman cori bush spoke of her own experience being nearly killed by an abusive partner with a gun background checks could have helped

hough do you see it? >> it is shocking to me when you hear it's not our fault. that's not what leadership does. there is no solution. this has become a first world problem administration. they focus on unimaginable things as far as pronouns and things like that instead of actual things america needs. i never thought in my lifetime the united states of america would have third world problems. where we have to look to mexico, canada and the u.k. to get food for our babies. i have friends who are taking trips to mexico to get baby formula. it is unbelievable. onthe positive things having an administration in such disarray. the president's age fading he is unable to maintain the lies. i think he was honest when he said he didn't hear about it in april. you are hearing about the bickering in the back. it's shocking. president joe biden was supposed to be a moderate and beat the progressives. they needed him to get into office and he just gets in office and lays down to the extreme left propaganda and putting people in positions who are not qualified to do their job.

. >>> broadway stars darren chris and julianne hough talk about what we should expect when they hoeftawards. that's on paramount plus. i know we're going to see you then and we'll see you at 7:00. >> 7:00 on the dot, michelle. we'll see you then. thank you much. >>> will the warriors tie it up again tomorrow after last night's disappointing loss. mark willard joins us live after the break. >>> have you noticed more whales when you look out along the bay? there's a reason for th what's it like having xfinity internet? well, you can get a next generation gateway every three years. it's like your life is set to upgrade mode. really? really. whoa. that's awesome. i know. whaaattt? must be nice. it's amazing. i wish i were a robot. chair, play music. every three years, you can get a gateway upgrade. only from xfinity. unbeatable internet. made to do anything so you can do anythin. >>> i'm anne makovec with a look at your money headlines. a big board and avert your eyes if you're not ready for another down day. the dow has opened down about 100 points after another rough start yesterday we'

finally,hough, the great sticking point russia has demanded recognition of russian sovereignty over crimea, which russia annexed in 2014, and recognition of the independence of the donbas within the ful territory of the donbas which russia does not yet fully occupy. russia has not yet me any demands about the ditional territories conquered in southern ukraine, so that is not actually on the table so we presume russia would be willing in principle to abandon the new territories, to withdraw if enough of its other demands were fulfilled. but russian demands are very clear to stop these remain russia's formal demands. the details part, but in principle, the main demands are. it would be the task of diplomacy somehow to bring together what zelenskyy has offered and what russia has demanded -- obviously, both sides will have to give something if there is to be in agreement. amy: anatol lieven, senior fellow at the quincy institute for responsible statecraft, author "ukraine and russia" and his latest piece in the atlantic is headlined "cold war catastrophes the u.s. can avoid this time." next,

tomorrow, publicans are set to choose their candidate to replace retiring senator james milton in houghstill republicans running in that race, is another familiar face. his name is scott pruitt, he's the head of the epa under trump, remember him? he's best known for committing start a neck and neck with the trump interior secretary ryan slinky, for the title of who could rack up the most scandals in the shortest tenure on trump's cabinet. scott pruitt was the scandals at the epa was truly draw dropping, the gamut from spending times a taxpayer dollars on private flights, to tactical pants, what tactics do pants use? he allegedly used his office to try to get his wife or own ship filet franchise? he also had taxpayers pay for a soundproof phone proof that he installed in his epa administrator office, for high security soundproof techs. we [laughs] now wants to be the republican nominee for side in the great state of oklahoma. there's a lot of races to keep an eye on tomorrow, in illinois, oklahoma, illinois in oklahoma but the polls close at 8:00, colorado polls are gonna eat it as a 9 p

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hough heard it here first. mike pence has betrayed the united states of america! >> now remember, this attack came with bloodshed when a capitol officer called carnage. they erecked gallos fit for a lynching and the third hearing revealed that the proud boys would indeed have killed the vice president if given the chance forcing pence's security detail to rush him from the senate chamber to a nearby room and then down a flight of stairs to an underground loading dock where he waid for nearly five hours. it is hard to imagine a bigger scandal than the one that forced an american vice president to literally hide in a basement as a mob just dozens of feet away called for his head, but the scandals we remember, that history remembers, are the ones like watergate that result in meaningful consequences. today new details emerged from the january 6th committee. it is now cooperating with the department of justice to share transcripts of their interviews two days after the doj september the committee a left saying it was critical that the committee provide transcripts of