what does the future hold for nucor right now?o say that the world is our oyster because we're in a tough market, but when you look at the advantages that we bring to the market and to the potential for growth in our company, there's a lot that you need to focus on. for example, our financial strength. we have a very, very strong balance sheet and in addition to that we have a consistently healthy cash flow that those two alone allow us to continue to invest in our businesses during these down turns. so that we position ourselves better to capitalize on the inevitable return of the market. >> well, i know -- >> as you know, jim -- >> that's why we've liked nucor. you have much more free cash flow and you have done a good job. john ferriola, great to see you, sir. >> thank you, jim. >>> all right. guys we know it's a tough market for cyclicals. that's what we say every day. this is the highest quality one in the steel business if you're so inclined. nucor. "mad money" is back after a break. >>> coming up -- driving deals. publishin

nucor, u.s. steel, steel dynamics all these names down double-digit percentages just in the past month. since the start of the year we've seen many of these companies coming out and cutting their guidance because of the flood. huge ripple effects for commodities. >> did you say a ton of steel was cheaper than cabbage? >> a ton of steel is cheaper than a ton of cabbage at wholesale prices. steel prices down dramatically. down by 50% since last year. >> that's a lot of cole slaw. thank you, morgan. did you see those declines on steel stocks? i'm going to move on here. >> reminds me of alcoa. talk about a company trying to just move right through it. >> up. 86 points with 35 minutes left in the trading session here. we've come way off the highs of the session. holding steady here. >> smooth sailing so far. yesterday's glitch halting trade about 3 1/2 hours. coming up, we'll speak with the founder of a high frequency trading firm about what causes these glitches. [ female announcer ] who are we? we a

nucor is at a new low. new highs is a very narrow group of selected tech stocks and financial stocks including morgan stanley which had a decent report. my concern here leadership is narrow and i'm going to show you why a select group of tech stocks leadership is very troubling for the overall market. that's in the next few minutes. >> bob, thank you. bob pisani. >>> wicked weather out west to tell you about. a fast moving brush fire scorching at least 3,500 acres and more than 20 vehicles out in california. at least six vehicles and a car trailer were destroyed on interstate 15 just outside of los angeles. the highway has now been re-opened. >>> much needed heavy rain in southern california turning dangerous over the weekend. rain pummelling san diego watching out roads, tearing out trees, even taking out a bridge that collapsed into the water that built up after the afternoon's thunderstorms trapping a truck beneath the debris. fire officials say this is some of the heaviest rain they've ever seen. >> i w