nucor is putting up good numbers.street doesn't seem to count it as if it doesn't count if it's from government intervention we'll talk to the ceo about the stock. welcome to "mad money." >> how are you >> another company i talked to was getting hurt by tariffs, is there any way nucor is hurt by tariffs or is it good for the company? >> it was a record second quarter for the company and our second best quarter in the company's history. it was a very good quarter for us >> do you think people believe it's not sustainable, because your company is only benefitting from the tariff and if the tariff went away, the stock would go down? >> let's take a look at the facts. certainly we get a tailwind from the tariffs. they have only gone into full effect in june we're just beginning to see the impact of that if you look at the overall impact of the imports, there's been very little change of the imports on the first quarter of last year and first quarter and half of this year. 2017, imports were about 15 million tons in the fi

a big one, right here in florida, the head of nucor is here. thank you. thank you. head of nucor. that's a big one. democrats want to raise your taxes. they want to destroy your jobs. they want to cross crush our industries with crippling regulations, and you know the stock market is up almost 40% since that great november day. your 401k is are doing well. 401(k)s. i tell the story i was in new york, and shake hands, i love law enforcement. do we love law enforcement? [cheers and applause] and i was shaking hands with policeman in new york city and the first one came up to me and said mr. president, i want to thank you so much. i said what did i do? my 401(k) is up 44% and my wife thinks i am for the first time, a financial genius. she's giving him all the credit. she said darling, i love you so much and he said yes, i'm a great financial wizard. but he said you are just making me look so good and all of you -- who has 401(k)s here? i guarantee you one thing, i have your vote, i guarantee it. [cheers and applause] of course, if the fake news di

nucor reporting on thursday, trade on steel and aluminum. friday, oil services start to come out.will benefit the domestic services, or the international? that does it for "commodities edge," this is bloomberg. ♪ >> welcome to "bloomberg businessweek." in this weeks issue, a question. can the republican party survive a trade war? jason: we also look at the conflict it is relationship between vladimir putin and donald trump ahead of the big summit next week. carol: but we begin with our global cover story about tesla.

nucor reporting on thursday, trade on steel and aluminum. friday, oil services start to come out.es. which will benefit, the domestic services, or the international? that does it for "commodities edge," this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ julie: i am julie hyman, in for scarlet fu. this is "bloomberg etf iq," where we focus on the assets, risks, and rewards offered by exchanged rate funds. ♪ julie: flurry of fixed income. we will talk to a family office manager about how he is navigating bond etf's as the fed raise rates. bringing smart data to bonds. wisdom tree has been a pioneer in factor-based investing. now it is applying those skills to fixed income. we will talk

we begin today with nucor which was upgrade fromei sectort at key bank capital markets and the analyst there cites the prospect for infrastructure spending. price target $77 and it rose to $67.82. apple increased to $232 to morg stanley. ahead of the earnings out next the service c business which is a big focus for investors right now. the rating remains overweight. the stock rose a fraction today to 193 even. >> morgan stanley hiked its price target on ahabet to 13.25 following the earnings report last night. theuarterly results suggests there is still a lot more growth ahead. the ratingemains overweight and the stock rose 4% to 1258.15. coverage of eog resource was started as a buy rating at mizuho. it is called the applel of the industry. the price target is $173, and the stock gained 2% to $125.62. still ahead, why the white house is sending billions of dollars in emergency aid to farmers. ♪ >>> the department of ns to give now p $12 billion to farmers and ranchers hurt by tariffs imposed on u.s. products. it is shorts term relief, but it could ease the blow of the trade fight. kay

and if you look at who is nucor's profits were doubled for the second quarter and sales are up 25% soyou the other side of this. what is really happening when it comes to commodity prices. to davidhank you welsh. of earnings. david westin will talk to the which will be on what you missed later on today. prices areommodity feeling the heat. this is bloomberg. ♪ mberg. ♪ caroline: live from london. this is "bloomberg markets." crude inventory dropped more than expected and we have a heatwave challenging crops worldwide. that and trade talks today. bill.bring in with everything going on, are people talking about trade or about stories like the heatwave? bill: on my radar is the crude inventory. you had a big draw in gas and a big increase in reduction. this is a tug-of-war. jump upseeing crude other resistance levels and it is pushing major three-star resistance. in our research we put out each morning, it we said that if you get a close above fair, it will be bullish. this could be a catalyst move. this aircraft that capacity is moving well. watching this closely as the year develops. b

one thing i looked up this morning is nucor. a steelmaker in north carolina.ly doubled second-quarter and the revenue was up 25%. gm is doubling the amount of money they think they will need to pay extra from steel this year. investors saw that and said, it is not going to be good the rest of the year. we will see what happens. they have been selling off. shery: what about u.s. demand? could that upset the other weaknesses? david: u.s. sales are pretty strong. they are not really growing. the market has been telling us u.s. market is pretty strong. it is just pretty stable. it is not going to provide growth. things aloft for a while is the fact that things are buying more expensive vehicles. that has kept profits strong. not going to offset some of the damage they are seeing to earnings. gm pretty much signaled that. they will not make as much as 650 like they said which would be more around six dollars a share. the macy's somewhere -- we may see that from ford. david: what do we anticipate, more from the same afford? david: 3.5 hours from now. rapidly. ford a

nucore is creating 250 and going to at least 1,000 jobs in the great state of florida. another state we won big. commercial metals will bring 300 jobs and a new micromill to oklahoma. hundreds of aluminum jobs are coming back to kentucky and to missouri. hundreds and hundreds. across our land, we are witnessing an incredible resurgence of american prosperity, not just in steel, not just in aluminum, we've added 3.7 million new jobs since the election, that beautiful election in november of 16. it was your election, not my election, folks. that was your election. including more than 370,000 manufacturing jobs alone. they said manufacturing is obsolete. i said let's figure this out. it's obsolete. how is it -- how do you make things if you don't manufacture? they said they're obsolete. so we're going to soon be up to half a million jobs in a short period of time. you've heard me say this. i'm very proud of this. african american unemployment has reached its lowest level in history. hispanic unemployment has reached its lowest level in history. asian unemployment has reach

[applause] nucor is creating 250 but ultimately going to at least 1000 johns in the great state of floridar state we won big. [applause] commercial metals will bring 300 jobs, a new micro mill to oklahoma. hundreds of aluminum jobs are coming back to kentucky and to miss -- missouri. hundreds and hundreds. across our land we're witnessing a incredible resurgence in american prosperity, not just in steel, not just in aluminum. we've added 3.7 new jobs since is the election that beautiful, beautiful election in november of '16. [cheers and applause] it was your election. it wasn't my election. that was your election, folks. that was your election. including more than 370,000 manufacturing jobs alone. remember they said, oh, manufacturing, it is obsolete. i said, let's figure, it is obsolete, how is it obsolete? how do you make things if you don't manufacture? they said they're obsolete. so we'll soon be up to half a million jobs in a very short period of time. you've heard me say this, i'm very proud of this, african-american unemployment has reached its lowest level in history. hispanic une

satcha: habrÍa que ver si se trata de un fenÓmeno promovido por redes sociales porque yo recuerdo con nucor una chica se acercÓ a darme un beso. no lo tome a mal. era una chica adolescente y se estaban tomando fotos con nosotros y al parecer le pareciÓ gracioso hacerlo. me darÍa mucho miedo, los hinchas que estÁn aquÍ muchos , muy borrachos que hagan eso con una profesional eso estÁ subido de tono. reportero: tambiÉn me tocaron aficionados que me agarraron a besos y creo que es parte de la fiesta . no estÁ bien pero, tambiÉn hay que saber en dÓnde hacer los enlaces y no meterse en la cueva del lobo. carlos: estamos justamente en kazÁn. una historia increÍbley lo han quemado y lo han vuelto a construir como 10 veces porque esta ciudad estÁ justo en el cruce de culturas y todo el mundo la ha querido conquistar. hoy a la tarde en "el gordo y la flaca" voy a entrar a ver para que no se lo pierda. vamos a hablar de fÚtbol. hoy la fiesta estÁ a todo lo que da. los brasileÑos han estado como locos todos estos dÍas. reportero: estÁ pintada de amarillo a la ciudad. territorio brasileÑo en estos mome