hence why we own it for the charitable trust let's check in with the ceo of nucor.elcome back to "mad money." good to see you in person. have a seat. >> thank you for having me >> tell me about this weekend, because i think it's kind of a great place to start about the need to be able to have our good own steel industry in this country. >> i had the honor of being at the commissioning of the "gerald r. ford," which is the mightiest warship ever built that ship will inspire confidence in the hearts of our allying and terror in the hearts of america's enemies it will be the spearhead of our national defense, and it took over 75,000 tons of american steel to build it. without an industry here in the united states, that ship would not have been built. >> it's clear, even though you spent $7 billion to update, it is possible for our foreign trade partners, and i'm putting that in paraenthe,s, they could wipe out our steel industry. >> without a doubt they want to ensure profit they look for exports. they're destroying our industry. and when you look at that ship and you

as for nucor, that company missed estimates.ynamics and nucor talking on their conference calls about optimism surrounding potential action from the administration on the steel industry. steel dynamics saying president trump will take very prudent and strong approaches to his recommendation for section 232 regarding steel tariffs. alsosteel and ak steel lower. a different manufacturing business -- paint. we are also seeing declines here. sorry, i thought we were looking at the chart in a different place. within-williams and ppg earnings, both missing estimates, selling less house paint to consumers in the second quarter. talking about continuing. sluggishness, ppg, and mixed demand at u.s. chain stores. pulling down axalta as well. david: let's wrap up all the news coming out of washington today, the bloomberg scoop. investingller is possible ties between the donald trump campaign and russia in last year's election, looking at a broad range of transactions involving trump's businesses. and the cbo score this afternoon . let's ge

and materials, lots of big gainers for this space, including southern copper, nucor and u.s. steel. this as a potential strike at chilean mines is helping the shares being cheered on. the ceo meeting with officials to work out a deal around issues they have been having. relative to the still companies, this could be a bullish mention on the price of steel, but the materials are on fire today. one question, last week and the week before we had a selloff in the bonds for treasuries. and take a look, we have seen unusual ripple effects from the bonds selloff. one question, what will it do with the commodity space? this is a year-to-date chart of the bloomberg commodity index and you see a strong downturn, that is unusual considering the dollar is also down. it mainly reflects the weakness in oil we have seen. and it suggests we could have more selling for the commodities. perhaps a ripple effect. today bonds are rallying. take a look at the intraday chart of the 10 year yield. please see it is down about two basis points. this tells us investors are stepping back into treasuries today

the thing about nucor -- really the four large public companies.n indication of what could come. the commerce secretary said we would know by the end of june. any day we could get where an expectation is that we will see some sort of tariffs. we think that is a nice catalyst. >> thank you so much. back to you. touringdent trump is products because it has made an american week at the white house. he's due to be speaking in the east room of the white house shortly. this is bloomberg. mark: it is time for first word news. president trump continues to enjoy overwhelming support from the people who voted him in, but they are less enthused about his leadership on health care, according to the latest bloomberg national poll. correspondents think it is unrealistic that a bill that lowers premiums and increases coverage will be passed in the next several years. health care ranked as the most important issue facing the country in our survey. the european union is considering cap perceptions on north korea over its first intercontinental ballistic missile tes

in terms of individual movers, neil gorsuch, the steelmaker -- nucor, the steelmaker, finishing at ance early may. jumping after president trump saying he is considering both quotas and tariffs on steel imports. it said sales would likely increase this quarter, so that increases in earlier forecast for decline. tiffany coming up with a plan to it, asesel, the head of its next ceo. delta off while most a dollar, the worst since may 30. ahead at what is coming tomorrow, you can see the banks that gained, all three of them will be reporting earnings tomorrow before the bell. we will be breaking out for you in daybreak: america. joe: as the government bond market yields higher today, note that yields dropped yesterday when a gallon testimony came out and said that they were still concerned about inflation, yellen talking as yesterday -- less yesterday about asset prices, more about the lack of inflation. nothing too new from yellen today. this was her second day and the preparer remarks were the same. julia: teeny currencies. the dollar bouncing off a 10 month low. swedish inflation risi