here to break down the quarter, nucor president and ceo leon topalian great to have you on the show.n looking forward to it. >> so, i just realize that street is not responding very well today to the numbers, but just to put it into perspective, record results and at $7.28 a share, this almost matched your full-year earnings record of $7.42 back in 2018 we've known steel price have been on fire this year and that the market has been very strong. how sustainable is that not only going into the fourth quarter but 2022 what do you see when you look out over the coming months >> i couldn't be more proud of our team, morgan first in the safety and health and well being of our team we're on pace to have the safest year in our history, but as you pointed out, 7.28 reflects the strongest quarterly performance in the history of our company and as we indicated earlier, we anticipate the q4 could be as good or better and setting another record in the fourth quarter of this year the end market demand in our customer segments that we serve remains incredibly robust. we see that continuing well in

nucor did miss estimates and those estimates were set not that long ago, and that gave the bears the evidence they needed to call top, and it's why the stock got slammed. we told club members we don't think that we think it's an opportunity, but i see when people say that the steel cycle has run its course when nucor misses its numbers. let's say there is a peak in chemicals. i think there may be let's say there's a peak in steel. i don't think so, but the market says i'm wrong one more, that's the biggest of all, the semiconductor shortage. total horror show, right how have the basic semis been doing? you listen to the semiconductor capital equipment makers, sure doesn't sound like the shortage is going to last forever a i asml gave you a sense business is on fire lamb embraced the midpoint of pretty much every range of estimates. so when you hear people predicting that the chip shortage should last well into 2023, ask yourselves then why the chip makers aren't buying new equipment like crazy to take advantage of that. i get the feeling there's been a lot of double ordering in the s

nearly enough cleveland cliffs, as much as i like them -- i had the ceo on a bunch of times -- nucorgood things. if you get an infrastructure bill, you will regret selling that i know i would be pilloried if i did that why not own up, saying we missed the top, we're late. >>> you had a great e-mail in your investing club last night around three games, costco, walmart and aeo, all of which you think you're waiting for prices to get good enough, or looking to hole on to what you have >> costco, you could argue, has moved so much, it's crazy to still own it i think costco is best of breed, with an amazing model. walmart has fallen 13 straight points look, i think if i were there at walmart, i would say, are we doing anything really wrong? i think they did make a replacement, a chain on a supply-chain issue in terms of their hierarchy, and then american eagle outfitters, i think the stock has come down so much you have a compete that matthew spent a lot of time on, reiterating just now it's good some people are concerned about denim prices, cotton this is the foremost growth name in them

volume time the name the last few years material names participating today as well with freeport, nucor and u.s. steel moving higher dow up as well, copper miner mcma ran up 4.5% beyond meat is sitting this one out. it continues to drop as it loses another 1.3% today following its 12% decline on friday. it is now down 24% this year. >>> we begin this hour with a new cyber crime campaign hitting corporate america. watch as i navigate. microsoft warning that russia-linked hacking efforts are large and ongoing. eamon javers is on that story. it comes as online sports betting business steps up its cyber security measures. contessa brewer will bring us those details. and we will talk with an analyst about the companies aiming to protect against these new age cyber attack eamon javers is who we begin with. >> microsoft found another wave of attacks by russian intelligence just like the devastating solar winds hakt last year. that was conducted by the russian svr intelligence service. this is another hack targeting retailers and service providers. the idea is the russians hack into the supplie

freeport pulls it out of the ground, nucor makes steel products those have moved up.f it is because people are repairing things and in many cases, these two stocks are at the forefront of what people need calling out bullish activity the year of digging stuff out of the ground we dig you >> god bless you have a great afternoon, brian. >> i'm jumping ahead to that >> jumping in the car down i 95 to washington for the big oil hearing. i gave you a tease tomorrow, four big oil ceos 9:00 a.m. getting grilled by congress on climate change. we'll have coverage all day of what could be an historic naring on big oil doot miss that "squawk box" is next have a great day or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. it's another day. and anyt

i find these things ridiculous how can you downgrade nucor? why would you downgrade any one of the airlines? if travel is coming back, just own them david, did you know that delta is 100% carbon neutral >> as of when 1234. >> i don't know. at april 7th >> no, that's usually a tart. >> delta, the airline is -- >> no, delta the disease yes, delta the airline. >> are you sure? >> i had her on conference last week yes, i'm certain am i sure? am i sure? >> there's always interesting metrics to judge carbon neutrality it gets back to the largest question, and awful different metrics that are difficult as well i would seem like many they would have been a number of years out. >> you can buy carbon -- i'm going to quiz david, because that guy, the latest on "jeopardy" who's from graduate school -- >> yes what did you just say? i asked him the questions. >> yeah, i forgot. what is the best way for companies -- and i'm not kidding. when i interview fortune 500 companies -- >> yes, yes. >> -- what do they say about becoming carbon neutral? >> how do they

you can buy nucore at a cheap price compared to what it will be next year new supply isn't really comingso many investors are piling into the group, even as the analysts aren't. see numbers are too low but the analysts have seen it before they are smarter than we are my favorite thing, though, is the spot when a company has become much less cyclical than it used to be, less of a boom bust story than he we think. take lost week we had brunswick on, right brunswick is easy to know, big boating company. and i feared the stock was about to get k.o.'d by the analyst community. after talking to the ceo, it's clear that the business is much less hostage in demand for boats now because it gets 50% of its revenues from parts and services these are revenues, earning stream, traditional, predictable, institutional money managers will pay more for that because it's consistent even as the stock ended up pulling back today. now, i think the same thing is happening with another company we had on, the industrial gas distributor. it is one we spoke to the other day. we had a good piece on it. it is becom

nucor. mosaic, fertilizer, up 4% right now. oil and gas, diamondback energy up i1.5% oil, gas, things you mine for, those are up on the session. if you take a look at some of the losers because of that, input costs rise from hard commodities to soft commodities, let's talk about cotton prices they're elevated on a relative basis. hit a ten-year high on friday. as a result, many companies that use cotton as an input for their products, think denim, levi stras, that kind of company. gap store is the worst performer in the s&p 500 today off 4% right now it's still up 10% year-to-date, but that trend has been lower. cotton prices are part of the reason why, kelly, we're seeing some of these companies like levi strauss, gap, and ralph lauren in the red. >> you nailed it, dom. i remember you talking about that in rapid fire. >> levi strauss, abercrombie & fitch, american eagle. i'm keeping ing an eye on them because of the rise in cotton prices. >> dom, thank you. >>> it took 226 days for the s&p 500 to see a 5% pullback, one of the

so, the company is rebranding itself, announcing just in the last hour or so it's going to form a nucorent named meta. i want to bring in dave ingram. very interesting rebranding here. here hi sabrina! hi jen! hi. so you're the scientist here. i just have to ask. does my aveeno® daily moisturizer really make my dry skin healthier in one day? it's true jen. really?! this nourishing prebiotic oat formula moisturizes to help prevent dry skin. one day? for real! wow! aveeno® healthy. it's our nature.™ i gotta say i'm still impressed. very impressed. new daily moisture for face. everything you love for your body now for your face. i just became eligible for medicare, and i'm already confused. i just called humana; i talked one-on-one with an agent who suggested a plan that fit my life. you should call too! so i did. turns out an all-in-one humana medicare advantage plan includes coverage for hospital stays, doctor visits and prescription drugs. most plans include dental, vision and hearing too. my agent told me i could save money on prescription drugs. oh! and these humana plans offer telehe

the big issue is that you look at nucor right now people are looking for $22 this year, $10 next yearere's no end to the rise of price. >> why >> demand is strong and we kept out the -- you can't dump here anymore. it's a halcyon time for the steel industry. >> all right. >> and it has been -- >> for a long time. >> not since 1963 when president kennedy calls out bethlehem steel for having nine of the top ten paid executives in america >>> we have a lot more for you the opening bell is about four minutes away we'll have starbucks ceo kevin johnson join us. ept re ke ihe my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. come on, grandpa! later. got grandpa things to do. aw, grandpas are the best! well planned. well invested. well protected. voya. be confident to and through retirement. in 2016, i was working at the amazon wareho

in commodity prices, so if you look at some of the biggest s&p 500 movers, it's freeport mcmoran, nucore. also cryptocurrencies, bitcoin up about 2%. 56,514 or thereabouts. ether also up, and algoran, down about 2.5 ticker, coinbase and robinhood also among the most popular watched, and becky, from friday's full session, among the top 125, tesla up there in up top ten, wti, facebook cracks the top 10 or 15, and that stock doubled on trading on friday beck what, back over to you. >> wti will be the one to watch. dom was just showing you, we did see oil above $82 a barrel, and that's why the energy stocks are doing so well. looking like you're almost back to the flat line, so keep track of that. that does it for us today. joe, i'll see you tomorrow. >> i'll bell here. >> bye "squawk on the street" is next >>> good monday morning. welcome to "squawk on the street." i'm david faber, along with jim cramer carl has the morning off u.s. bond markets are closed in objectance of columbus day, taking a look at futures right now, you can see we are looking like we're going to have a slightly lower

stuart: i'm looking at us steel and nucor. both of our way down.here was a shortage of steel. >> they are currently high compared to historical average of 140% premium you are paying, goldman sachs says that is great for this year. that the last into next year so steel prices will come dramatically down according to them so in their view, it is only worth 108 us steel is worth want 20 billion bucks but they upgrade the cliffs, another, the provider with auto talks. stuart: one of these days i will figure out these companies. >> this would be the low beta play. stuart: the prompter on screen in front of me you know what i can see? the sheba in you crypto is the world's twentieth biggest by market value up 216% in a week. stuart: i want to talk about bitcoin, literally bounced $2,000 of bitcoin, where the money is coming from, your closing on a 5-month high for bitcoin pricing and it is the entire crypto space that lifted so you have sheba a new, the twentieth largest currency up 60% in the last 24 hours, up 20% on the week, i call of the law musk ef