john, chairman and ceo of nucor. great to see you. >> good to see you. you. >> i hope you understand why i recommend this. you call a.k. steel and letter x. i need the balance sheet and dividend. i need their business. this is the one to own. >>> it is time, it is time for the lightning round. buy, buy, sell, sell. play this sound and the lightning round is over. are you ready ski daddy? it is time for the 12th anniversary of lightning round. let's go to debbie in nevada, debbie? >> caller: big boo-yah to you, jim, from vegas. >> nice. i wish i was there, what's up. >> caller: thanks for your great advice over the years. i want to know your thoughts on cybr? >> cisco came in aggressively it hurt stocks and check points become my favorite. so let's be a little more careful in respect. i like proof point. they have been good but things have gotten tough in that area because of cisco being so aggressive. let's go to judy in indiana, judy? >> caller: hi, jim. i just want to take a chance to thank you for -- and your team for having the very best show on tv.

so, you know, when you look at these and you look at nucor, understand nucor is going to have a big yearnd it's not in the stock. i feel it's important for people to recognize. there are other ways to judge trump than just looking at health care, looking at banks. look at these america first stocks. they are doing well. i'm telling you to write this guy off after a couple of bad days, comey and very republican -- >> sure. >> a mistake. it's a mistake to write him off because it's going to come back and bite you. >> how do you fold in what some argue are is a lack of response from coal companies to perspective coal policy? >> well, in the end they got to use coal. you can support coal all you want, but the clients they don't want it. natural gas because it was so warm -- it's 80s in texas. i mean, it's rather incredible -- big coal state. it is incredible how warm it got and natural gas is just way too cheap. so you can't make the company -- it isn't like trump is anti nat gas. he's pro nat gas. he's pro drilling. he's pro pipelines. so in the end coal just got bit by the fact it was a re

and then nucor. you know, not so much wall, but infrastructure. nucor, very inexpensive stock.hat is your take on caterpillar? another name that's sort of plays into this -- it's only $7 away from its 52 week high. they have had all of these issues and it hasn't dragged the stock that much. >> look, i hate to recommend any company that has accounting irregulariti irregularities. they don't pick the names out of the phone book to raid. i believe it's much more related to the swiss issue and the senate investigation from 2014. i think the cater pillar is going to see a big turn in china which does matter. the coal business is up. joy global, we saw that. the last quarter that they reported. i don't want to say it was a push. i think it can go higher. >> i think it's been one of the most resilient stocks in the market. >> so heavily shorted. so heavily shorted. why do you have to short a great company? it's a great american company. i mean, you know, i do not think that that -- >> but you just said they had the guys going in there with the jackets on the back. >> bad thing. i know

hey, how about nucor. we just talked with them, right? perfect for an infrastructure initiative. i'd buy alphabet, apple, amgen, and cisco for repatriation. i'm pick up 3m, united technologies, cummins, dow chemical for worldwide growth. transports should rally. let's pick up fedex because it just reported a good quarter the other day. worst stocks to own in this snar know, utilities and real estate investment trusts along with all the other stocks that are considered bond market equivalent like products goods companies, campbell's, kell okays and the like. then there's the second scenario. suppose the bill fails, which seems a lot more likely given speaker paul ryan just had to postpone the vote. in that case, both stocks and interest rates go down. this is the so-called disaster scenario that so many commentators are saying would be the end of trump's clout, not to mention being a major setback for the rest of the agenda and the world for that matter. again, i think the rhetoric here is ridiculous, alarming, and wrong. but in the spirit of all the chicken littles out there scre

then last night we spoke to the ceo of nucor, the largest steel company in america. he was incredibly bullish of how business is shaping up for 2017. meanwhile, of course, behind the scenes, i'm constantly talking to ceos, as many as i can in everything from banking to technology to basic industrial. they're not on air, but they've all echoed the comments from the ceos i just mentioned. now, understand that's the reality. it's incredibly good as we've tried to present a full panoply of what goes on in actual business in this country. but remember last night i told you that perception can sometimes trump reality, and i like that double trump entendre. if the fed said anything that indicated inflation was running hot or that the government, meaning trump, might ignite too much growth so it has to be kept on a leash to avoid labor shortages, then all those positive ceo interviews, they would have been rendered moot. what would happen? sellers would have come into the market. why? they would say that whatever commentary you heard on "mad money," that was all in the past,

. >> we had nucor on, and frankly they can be the lowest cost producer. it's entirely possible they can outbid anybody. but what i'm shocked at is that when you take places like the permian, they actually need a huge amount of pipe in what i thought was the most overpiped area of the country. >> no. what's going on in the permian is that right now we are overpiped. but if you look at the production forecast out of the permian for crude oil, for natural gas, and for natural gas liquids within the next two or three years, somebody has got to build several new pipelines out of there. i would say a handful. >> and president trump in general, what's he been meaning for fossil fuels? >> well, for fossil fuels, his message has been deregulation. for deregulation, that is definitely a good thing for all the companies that you and i know and love. >> let's talk about -- look, without mentioning names because everybody is your client, everybody. how are they feeling? >> they're feeling great. they're feeling great. all the pressure that they were under trying to wo

they include oracle, nucor and wynn resorts.e the big winners now, up between 2-7%. >> the trump rally taking a breather today. big question on wall street, though, washington and board rooms across america right now wondering if the biggest driver when it comes to business and weeks and months ahead is administration's efforts to cut lots and lots of red tape. all right. all-star panel on this issue ready to break it down for us. our guests are from the corner office, gordon, former content thenal airline ceo, jimmy, american enterprise institute, and inside the market, mike ryan, chief strategist. gordon, let me start with you. deregulation, former ceo, how important is it that this president up like who could have won, hillary clinton,mentes less regulation, nots more. how much does that add, do you think? >> well, there's a lot of confidence that a lot of nonvalue added costs will be removed from running your company. i think that's driving the optimism and you see that in the market caps of companies going north. it's given

john is nucor, the best steel company to own. i've been focus oing on the distribution centers.o consumer, these companies thrive. we're going to look at that industry. yes, thank you for 12 years. executive producer. >> amazing 12 years. congratulations to you. >> thank you. >> see you tonig6:00 p.m. easte. gordon bethune on the nor'easter. don't go away. is happening before our eyes. shift in human history sixty to seventy million people are moving to cities every year. at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. partner with pgim the global investment management businesses of prudential. ♪ >>> good tuesday morning. welcome back to "squawk on the street." i'm karl quintanilla with sarah eisen and david faber. slow is slowing things a little bit along the eastern seaboard. not as bad in manhattan as some feared. dow is having a rough start out of the gate. s&p down 11 are crude lower, as well. >> our road map begins w

. >> "mad money" tonight and he will aek spree with the ceo of nucor at 6:00 p.m.w, the fed is expected to raise rates, the bond titan jeff gundlach will sit down with scott and the "halftime" gang at roughly 12:30. michelle. >> here's what's coming up on "power lunch" today, tyler, the fight over health care going to jeopardize the push for tax reform. we talk to mr. tax reform himself. larry kudlow. >>> which do businesses want more, health care reform, tax reform or both? plus, what do businesses need from workers? how do you train people for the skills that companies actually need? all that and much more coming up here on "power lunch." >>> welcome to the heart of american manufacturing. coming to you from the ford f-150 plant in dearborn, michigan. who says we don't make anything anymore? "mad money" is boots on the ground in the badlands to show you how home grown innovation in technology has opened it up. >>> welcome back to "power lunch." corner offices across america are feeling pretty good. the business roundtable says ceo optimism seeing its biggest incr

had nucor on, steel company, but the idea that europe's playing fair.o they have to do take all our business? i mean i really think this is just a travesty. i understand what happened with uk and the pound when they pulled out. >> yeah. >> but this is all about taking our business. and i don't know why people don't see it that way. why? because they're our allies? everybody's our -- our trade friends, well, with friends like those, how about that? >> yes. you're not the only person who feels that way, i'll tell you that. >> that's true, but i was a little before everybody else. don't put me in a certain camp. >> when we come back, former hhs secretary kathleen sebelius, we'll get her take on the house vote looms regarding the gop health reform bill. market's going to bide its time down ten points. back in a moment. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world ad

so you could see some of the names today like ak steel, nucor, u.s. pipeline companies, energy partners, transcanada big movers too. back to you. >> jackie, thank you very much. when we come back, markets are headed higher and higher. dow now up 251 after the president's address to congress last night. we'll bring you the latest. later on former medtronics ceo bill george will join us on how ceos will react to the trump speech. stay with us. no matter how the markets change... t. rowe price... our disciplined approach remains global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or youradvisor... t. rowe price. investith confidence. oh.what's goingre?h method! yoknow how ge technogy allows us fix problems fore they... they slolooduction, yeah. well, noore tchy business aons. i'm sure we casmooch a so! wa, we dweust need to? "hover" over the candice, problem until... just let it go... hey, sorry i'm late for team ilding. smoooooch! that felt right. what wrong with you!? he's so trusting...