robert sockin is senior global economist at citi. our stock of the hour is u.s., the shares stumbling after nippon steel's takeover deal was blocked by president biden. the companies putting out a strong response. that is next. ♪ scarlet: this is numbered markets. i'm scarlet fu. time now for the stock of the hour. u.s. steel down after president biden blocked the sale of the company to nippon steel, killing a deal that sparked a political firestorm and raised tensions with japan. the companies put out a strong response. josh wingrove joins us now with more. the companies published a statement saying they are left with no choice but to take all appropriate action to protect our legal rights. what does that mean? josh: they are all but saying they are going to sue here. they stopped just short of saying that, but they are saying this decision was unlawful and are essentially confused -- accusing the of working backwards off of they think was a decision biden had made early on in the process and then filled in the justification after the fact to get to the answer h