steel waned, euro steel waxed.el producers from countries like germany and britain undercut american companies on american buildings and bridges. some suspected that german and british steel makers were dumping, selling steel in the united states for less than they were selling it at home perhaps even less than it cost them to make it. there's no way that this country, which has the only private steel industry in the world, can function with government steel or can compete with government steel dumped over here. so through a whole broad spectrum of devices the clearest violation of gatt and other agreements and also our laws, subsidy goes on. they bring it over at a subsidized price. schoumacher: but if foreign governments were willing to take loses selling below cost in the united states why shouldn't we just sit back and enjoy the low prices? another government could pick an industry subsidize the dickens out of it, and give it enough money to buy into the u.s. market. and if they gave them enough they could dest

progress photos again the steel did start working in the west. we made the last major pour on the pedestrian and vehicle ramps they started bribing through the shoring wall through the ground up to howard street. in the central zone it was centered around progresses the steel election so fabrications got ironed out we are now autoof may 4th heading across first street the team is working that shift at night from 8:00 p.m. to 6 in the morning the street is closed they have been making progress on that steel it seems the delivery issues are ironed out they should be continuing to progress towards the east we did begin stair installation this week you can see the el son steel so we will see the stairs and ladders coming in in the progressing years and months and the eastern zone the mad dash to get the lower concourse done that ayou lou us us to pour the concord wall that is the goal is to be able to progress the steel election as fast as fabrication can keep up. speaking of fabrication shots what is going on mostly in oregon to expedite the work we

it literally makes a monolithic connection between the steel columns here and the steel girders there. can see on the plan at the left that this replaces very thick sheer walls with skinny steel elements. you can also see that these elements can be tunneled through, you can build an office within the steel portal frame. that would be the only indication that you have this sheer wall and steel surrounding you. maybe a more direct translation of the railroad bridge is the masonic temple built in 1892 and for five weeks the tallest building in the world. it was quickly surpassed in new york. here, you can see that skill is -- steel is used not only for its capacity to take tension the system of tension brought that cover the building, but that this was also a very lightweight system and relatively unobtrusive. the trusses are on that line in the floor plan. you have to be careful where you put doors. it is most convenient to put a wall. but it gives you much less space and allows you to rent out more floor area. if we have solved the problem the self-raised frame, iron can handle loads b

not so with walter steele. he has this nice lunch with his dad and begins to map out a legal defense, i best lawyers in chicago -- hiring the best lawyers in chicago and defends the captain, but not erickson. erickson is left to fend for himself. he knew that erickson had told the authorities that steele have d postpone the work. -- postponed the work. he left them no legal representation. when things went wrong, he let him go. erickson does not make much money. he is newly married. what does he do? desperate and underdog, he does an amazing thing. he goes to clarence darrow, the legal legend, a chicago attorney. darrow loves underdogs and hates corporations. he says, why don't i try clarence darrow. clarence darrow is in a street -- on a street in washington at a remarkable low point of his career. he had just eat charges -- be at charges of bribing jurors. his reputation was in tatters. he was taking ridiculous cases. petit theft forgery murder, just smalltime crime. he had been paid $50,000 a case for his le

not so with walter steele. he has this nice lunch with his dad and begins to map out a legal defense, hiring the best lawyers in chicago and defends the captain, but not erickson. erickson is left to fend for himself. he knew that erickson had told the authorities that steele have postponed the work. he left them no legal representation. when things went wrong, he let him go. erickson does not make much money. he is newly married. what does he do? desperate and underdog, he does an amazing thing. he goes to clarence darrow, the legal legend, a chicago attorney. darrow loves underdogs and hates corporations. he says, why don't i try clarence darrow. clarence darrow is on a street in washington at a remarkable low point of his career. he had just beat charges of bribing jurors. his reputation was in tatters. he was taking ridiculous cases. petit theft, forgery, murder just smalltime crime. he had been paid $50,000 a case for his legal worked in the early 1900's. because of the bribery charges he has no career lef

steel plant was made possible in part because we're able to crack down on chinese steel pipe imports that flooded the market with illegal and cheap products. so they made this investment because we won that trade case, but, mr. president then along came korea to again try to inflict the same damage on our producers and our workers. it's clear that once again we need to ensure that other nations don't unfairly dump steel on the u.s. market. last year, i visited the same plant, joined workers managers and union leaders. we sent one message -- it's time for america to stand up to these lawbreakers. they are mr. president pure and simple, strip it all away, they are lawbreakers. in january -- these countries that play the game this way. in january u.s. steel -- here's the bad news, because of korea dumping in part. u.s. steel announced 614 temporary layoffs at that plant in lorain. on lake erie. those layoffs began in march. i have spoken on the floor before about one of the u.s. steelworkers i met ryan, who has been out of work for weeks. four kids at home, doesn't know when or if he'll

windows steel spikes will be added. next, a milestone for stretch of roadway that collapse and [screaming] maureen: it has been over a year since this collapse in baltimore. repairs are finally completed and 20 six st finally reopened today. -- 26th street finally opened today. amazingly, no one was injured. it was blaine on heavy rains that undermine a one-year-old retaining wall. -- 100-year-old retaining wall. the six police officers accused in the death of a baltimore man want their trial moved. attorneys for the officers filed a change of venue request. the arrest and death of freddy gray last month. wave of protest and riots in baltimore. they say it is evidence the officers cannot get a fair trial in baltimore. a virginia task force or commenced when he all combat sexual violence on college campuses. third the recommendations include a response team in every campus. colleges are also being asked to develop pension plans. the panel wants to see more options for reporting attacks. next, a change is underway outside

no marine recruit is allowed to work out at the house of steel. alan allowed me to snap his v.a. health care card with the marine insignia. they are investigating if he fraudulently obtained benefits and then there is alan standing with his phony medals in front of the casket of a young marine from marin county who died if service. >> we find it extraordinarily offensive. >> colonel bill pea -- peacock set the wheels this motion. the fbi has launched a criminal investigation into whether alan raised money based on his phony persona. one man tells me he gave alan $5,000 at a house of steel fundraiser because he thought alan really was a marine lieutenant. >> if he's not guilty, that's great. if he is let's make sure he pays the price. that marine in in the casket really paid the price. >> and then there is his felony record. he received three years in state prison after violating a restraining order climbing into his wife's window threatening to kill her. they can't believe this is the man they trusted with their sons and daughters and their money in some cases. >> dan, thank you.

photography store was hit in mid-february, two men rammed the front-end store and pushed back the steel chain gate just enough so they could crawl into the store. they shattered glass cabinets and stole cameras and gear. salesmen don dimitratos couldn't believe it was hit by a crash and grab. >> i'm surprised they keep doing it and getting away with it. so hopefully the police will finally catch them. >> reporter: san francisco has had at least a half dozen crash and grabs since last fall, including this one at wells fargo. so far, no arrests. vic lee abc 7 news. >> a teenager turned himself in for a brazen home invasion in the upscale evergreen district of san jose. the 17-year-old said he watched people caught on video armed with knives breaking into this house last friday. the family inside ran to hide in their master bedroom to call police. police are still looking for the second robber. >> a high-profile political consultant was handcuffed in a san francisco courtroom after the attorney read details of the charges against him. >> he actually had 4,902 images of child pornography. >

officials of the japan iron and steel federation say domestic steel makers produced total of about 8.4 million tons last month. that's down 6.1% from a year earlier marking the eighth straight month of decline. officials said steel makers keep cutting production. they say demand for the automobile and housing sectors has yet to fully recover. >>> japan is seeking international understanding for its efforts to restart the country's research whaling program. japanese experts will meet on friday with members of the scientific community of the international whaling community in wisteria lane. the committee will discuss tokyo's revised plan to conduct research whaling. the international court of justice last year ordered japan to stop the program. the court ruled that it does not meet sign tick standards. japanese fisheries ministry hope to resume research whaling towards the end of the year. >> translator: we will try our best to have the members of the committee understand that scientific basis of our new plan. >> japanese government officials are offering to reduce the number of whales c

no marine recruit is allowed to work out at the house of steel. alan allowed me to snap his v.a.health care card with the marine insignia. they are investigating if he fraudulently obtained benefits and then there is alan standing with his phony medals in front of the casket of a young marine from marin county who died if service. >> we find it extraordinarily offensive. >> colonel bill pea -- peacock set the wheels this motion. the fbi has launched a criminal investigation into whether alan raised money based on his phony persona. one man tells me he gave alan $5,000 at a house of steel fundraiser because he thought alan really was a marine lieutenant. >> if he's not guilty, that's great. if he is let's make sure he pays the price. that marine in in the casket really paid the price. >> and then there is his felony record. he received three years in state prison after violating a restraining order climbing into his wife's window threatening to kill her. they can't believe this is the man they trusted with their sons and daughters and their money in some cases. >> dan, thank you.

so, let's talk steel frames. tell me what we have going on here. >> well, we have a steel frame here. there are two of these and they go up to the lower floor and there is a beam that go across, basically a box that is much stiffer and stronger. ~ goes so that during the earthquake the upper floor will not collapse down on this story. it can be done in about two weeks' time. voila, you're done. easy. >> for more information on how to get your building earthquake ready, h

during a lunch break, steele extracted a plastic shank from his anal cavity. when he returned to the courtroom, he attacked chief deputy district attorney a.j. salazar. >> i remember i was wearing a white shirt, my tie was off to the side, and i looked and there was a hole in my shirt and i was bleeding. >> the stab wound, itself, was not considered serious. the bigger problem was the risk of infection. >> i went to the hospital, i was at the emergency room, i went through a series of shots, they cleaned out the wound. it took several blood tests and i remember picking up the blood result and looked and looked for hiv. and hepatitis negative, hiv negative. so i was like, well, all right, i'll go ahead and take that. >> we asked steele for his version of the story. and in spite of all of the witnesses, he claimed absolute innocence. >> they're saying i stabbed him in court in front of judge, jury, and executioner. >> what are you saying? >> i'm saying i had nothing to do with it. >> were you there? >> nope. >> really? >> how many different ways you want me to a

don't you need a steel industry? where will the american steel workers get jobs? you say they can get service jobs. maybe so. maybe they can work at the plumbing company. maybe they can work at a hospital. maybe they can work in a nursing home. maybe there's other work that can be found. but at some point do we not need a manufacturing capability that provides a lot more than a service job,ing manufacturing capabilities that provide demand for products, demand supplies, demand workers that supply those plants and have ripple effects much larger than a person just repairing faucets. so i think we have to ask that question in a very serious way. now i said earlier i voted for this korean trade package. i believe it. i didn't have a lot of trouble voting for it at the time. i thought it was going to be fine. and maybe it's okay. maybe the track -- the pact is going to be sometime in the future, positive for the united states. the koreans like the japanese, are good trading people. they're allies around the world on security agreements. so i'm not putting the koreans

no marine recruit is allowed to work out at the house of steel. alan allowed me to snap his v.a. health care card with the marine insignia. they are investigating if he fraudulently obtained benefits and then there is alan standing with his phony medals in front of the casket of a young marine from marin county who died if service. >> we find it extraordinarily offensive. >> colonel bill pea -- peacock set the wheels this motion. the fbi has launched a criminal investigation into whether alan raised money based on his phony persona. one man tells me he gave alan $5,000 at a house of steel fundraiser because he thought alan really was a marine lieutenant. >> if he's not guilty, that's great. if he is let's make sure he pays the price. that marine in in the casket really paid the price. >> and then there is his felony record. he received three years in state prison after violating a restraining order climbing into his wife's window threatening to kill her. they can't believe this is the man they trusted with their sons and daughters and their money in some cases. >> dan, thank you.

in their design engineering class they created robotic hands for the students the idea came from steel's mom who works at the school when she heard he was getting a 3-d printer she told the engineering teacher. >> i thought he was kidding. >> but the students enthusiastically took on the project. >> we thought we would put it on steel -- >> steel could not use a wrist action device he is getting an electronic device. >> they heard about joy and decided to make a hand for her too, the project is taking more than a year with the team often working into the night to make the hands work as close as possible with human hands and today joy tried hers for the first time by picking up a ball. >> the final version of steel's han needs more work but his mother was amazed by the test model. >> he is just thrilled to be able to hold a golf club with to hands and tie his shoes and jump rope. >> they made the hands for $200 and posted the designs online so others can build them too. >>> the phillies are going through a rough patch here, this may be a public relations nightmare. >> if quinnipiac were t

steel products. nearly a thousand minnesotans are losing their jobs after a flood of dumped steel imports. our provisions stand up for american manufacturers by putting in place and enforcing -- enforcing -- fair trade practices. in addition to these amendments there are many other important amendments my colleagues have offered on currency manipulation on investor state dispute settlement, on buy america and on a number of other issues. i believe that these issues are worth debating. and that we should be voting on amendments on the important subjects that i've mentioned as well as on other important subjects. in my view, this bill is in need of substantial improvement and we should not cut off the process of trying to make those improvements. we need to be voting on amendments and we need to be working to improve this bill. thank you mr. president. and i'm looking -- i would suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: a senator: mr. president.

i'm alix steel.n philadelphia, a break through for investigators looking into last night's amtrak crash. ntsb investigators have recovered the black rock state recorders and have taken them to amtrak's operating center. the mayor held a press conference earlier. >> what we have to stay focused on is making sure we are searching every car, every inch, every thousands of square feet to find or locate individuals that may have been on that train. alix: the train was traveling at 100 miles an hour, twice the speed limit. the trains engineer has been treated in question by police. shareholders at dupont rejected an attempt to get on the board. he proposed splitting dupont into two to make more value. tv maker visio could be going public later this year. the company is already interviewing banks. they are known for low price flat panel televisions and have moved into other consumer electronics. they are said to have more than a billion dollars in revenue. president obama may be a step closer to getting the

saltwater is seeping in and rusting some of the 400 steel rods it's built with.ors have looked at a tiny fraction of them. abc 7 news reporter janet elliott like with the investigation. >> reporter: crews have looked at steel rods at ten different locations so far. an extensive investigation, paid for by the fees we pay here at the toll plaza as far as safety is concerned, the steel rods are key in supporting the bridge in the event of an earthquake. >> reporter: at issue it integrity of the steel rod, also known as bolts on the new bay bridge, after saltwater discovers at the foundation of the landmark tower. >> where the salt came from, we don't know yet. could have come from when constructed, could be coming from other ways it can get in there. one way could be the bay water coming in there. we don't know yet. >> reporter: during testing a steel rod found to have corroded and fractured, possibly due to water exposure. further testing showed corrosive chloride in the sleeve that encases 25-foot long rod. crews are going through more than 400 to assess the sever

saltwater is seeping in and rusting some of the 400 steel rods it's built with.ve looked at a tiny fraction of them. abc 7 news reporter janet elliott like with the investigation. >> reporter: crews have looked at steel rods at ten different locations so far. an extensive investigation, paid for by the fees we pay here at the toll plaza as far as safety is concerned, the steel rods are key in supporting the bridge in the event of an earthquake. >> reporter: at issue it integrity of the steel rod, also known as bolts on the new bay bridge, after saltwater discovers at the foundation of the landmark tower. >> where the salt came from, we don't know yet. could have come from when constructed, could be coming from other ways it can get in there. one way could be the bay water coming in there. we don't know yet. >> reporter: during testing a steel rod found to have corroded and fractured, possibly due to water exposure. further testing showed corrosive chloride in the sleeve that encases 25-foot long rod. crews are going through more than 400 to assess the severity of

but looking very much like a broken man. >> we visited steele several weeks later. he agreed to speak with us about the incident we had filmed earlier. both he and prison medical staff also gave us permission to air the footage we had shot of him. >> that day i saw you up here with your things packed ready to go home, did you believe in your heart you were going to go home? >> yes. >> and what about now? >> i don't think so. >> so what do you think, do you think you're going to have to stay in this housing unit? >> i hope not. >> what do you want? >> i want to be released from prison. >> prison psychologist reggie matias hopes steele will be well enough eventually to be transitioned to a less restrictive unit. >> we have a program where they work in general population, they do that for a week or so, maybe two. if it looks like it's going well, then they'll move them up to a dorm and they can go to work from there. essentially they would be discharged from the chronic care unit. >> i heard you've been doing much, much better these days. >> i'm trying to. >> yeah, goo

>> reporter: they specialize in creating large steel beams that run above railroad tracks that hold the wire that is power the train. amtrak has a lot of materials but this was one thing they had to outsource. >> they fixed it in 36 hours? amazing. >> reporter: stephanie doesn't know what a beam is but this company specializes in making them. >> the line is restored. >> reporter: workers at pen-fab worked 36 hours straight to build the has si steel beams. >> they are unique individual. we had to design and build two unique structures for the two locations. >> reporter: mike mabin has been setting steel for decades. >> it would be five to seven days. we did it in 36 hours. >> reporter: armed with plans friday workers went to work welding, fitting and creating beams. >> we worked around the clock, doubled everybody up to work with each other. we used every possible person. every man power available to us is snrk workers are active as lookouts. some stays up making sure others were safe as they took on the giant task. >> we delivered the first steel on saturday at 1:00 a.m. that was the ve

as iron ore prices came off, steel prices stayed higher and i -- steel mills inc.g. steel margins have increased, production is coming off. at the same time, temporary disruptions has hit australia, are coming out. you are seeing supply mu stronger. of 60 million tons in march. a huge clip. even in boom times, we are talking about iron ore falling 40 million tons of month was incredible. producing twice the amount, getting half what you use to get. when is the endgame? it doesn't make sense. a the problem is, you have disconnect between the low-cost and everyone else. at the very bottom, you have producing at cost. for them, it makes good economic sense. rishaad: are they trying to put the smaller players out of business? targets?stake over >> at $40, these products make sense for them. we forecast them to add 50 million tons in terms of production. we are not done yet. you have our rio's extension. with a long pipeline of additional expansion still to come. rishaad: less about cash costs and more about the situation of where they are and who owns them. traditional

i'm alix steel, here with scarlet fu. u.s.tocks, s&p 500 and dow jones, touching new record highs in terms of the closing levels, but there you can see that we have come off the levels a little bit, energy stocks of it higher. let'st: let's -- alix: call a spade a spade, that's a boring board. we do have to look of the dollar moving higher throughout the day and part of that story was the weaker euro that we saw due to the fact that we had an ecb executive coming out saying that they would start frontloading purchases in may and june and the markets reacted to that on a weaker currency. of course, you are looking at my face? oil prices are lower. yes, there is a stronger dollar, but also a call from goldman sachs, a sense of a continuing surplus sending oil prices back down by october. aix: talking about self-defeating rally. the more they rally the more the crew keeps on trucking, meaning we will have an oversupply capacity. let's go to julie hyman with news on john malone. -- johnohn maloof malone is making comments in a pho

i alix steel. [closing bell] another record day for the s&p, settling out at 2120 stop did not hit the intraday high of 2125, but we are now at a record high for the s&p. we also have a digit rally that held on for the dow, of 186 point. the nasdaq was really a good leader of the day. i'm joined by joe weisenthal. if you look at the sectors, tech of almost 2%. you had health care of 1.5%. you had a little bit of risk, a little bit of safety, a little bit of dividends. joe: everything is up. today was that day. all of a sudden, greeks and from or whatever -- last week tantrum or whatever seems to be like a distant memory. alix: and we started to move into national -- international stocks versus domestic stocks. joe: and you have the dollar hitting a four-month low and you would imagine that benefiting international stocks. alix: you nailed it right there with the dollar. it limits the longest losing 2013. since the big impact is on inflation and then corporate profits. joe: it's interesting, because

but a ton of steel produced here has significantly less environmental impact and a ton of steel produced in china. yet we let them continue to destroy our industry by trade marketism and predatory pricing. >> in the meantime people don't want the unskilled jobs. you make it clear, these are manufacturing jobs. and if companies in infrastructure jobs. these are not jobs that we should shy away, from right? >> absolutely not. this is what built america. this is what built our middle class. if you don't believe me you want to ignore history like some of these pundits do what is china doing? the first thing they did is built a huge steel industry 100% government owned. wouldn't let any of us go in there and build steel plants. and they built a manufacturing sector. why? because our own history and history of all great civilizations show that if you're a nation that inowe vats and makes and builds things you have a strong economy, you have wealth you have real wealth creation where everybody participates not just the wall street guys or the folks at the top of the fortune 500 companies or i p

mark and tony of steel out of illinois bob, survivesservaggio steel, fabricators out of springfield, illinois. we knew the scale, the dimension, we prepared the mock up in wood. then we made the fabrication and lantern. the lantern as you see in front of you here is not complete yet. there is what i phrased a mini me that goes on the top of this. when i said that term over, the servaggio boys built a mini me that turned out to be of many a mini abraham lincoln. it was just a little stick figure out of steel. i thought that was really cool . it turns out it was the wrong mini-me. abraham lincoln would not have been on top of the lantern. we got through that. that was kind of neat. [laughter] p.j.: the travel team begins phase 3, february 2015. the travel team escorted the hearse from northern california to tombstone, arizona. here you will see eric hollenbeck and jack feather offloading at tombstone, arizona. the challenges we faced were tremendous. in northern california, if anyone has ever been there near the redwood forest it is very , wet and moist in the sun really shines. you ca

i'm alex deal -- alix steel. you are now looking at stocks finishing lower but not that bad. we definitely came back -- at one point, the dow falling by 96 points. that was the session low. now you are seeing the dow off by about 35 points. should point out, though the dow , and the s&p never traded in the green. but it was a pretty mushy day. here to talk about this is joe weisenthal. take a look at what was weighing on markets overall was a transportation stock. you have the dow jones average sinking. joe: i kind of feel like it is a summer day. we have been having more down days than updates recently but we are still there record highs. there is it too much going on in equity markets. or really anything right now. alix: united rentals came in hard. not a lot of demand, not a lot of transportation joe: you imagine that they would be economically sensitive, movie stuff across the country. that is something to pay attention to. the thing to pay attention to is the chinese stocks. it fell six and a half percent. the shanghai market. of course, because the market has been rally

it's time to: alix steel. -- call in alix steel. crude oil slipping for the third day.ports will soar. an additional 800,000 barrels a day. they are nearing that record 3.70 5 million barrels a day. this year come the expectation was for 4 million. we are grinding higher here. more supply and lower prices. scarlet: more supply and not the demand to back it up. let's look at brent crude, declining even more, falling below $63 a barrel. there is a good analyst note -- they turned bullish in the short term. predicting a rebound to $80 a barrel. they are saying there is a the supply deficit. that might be the short-term case. what is the case to be bearish over the longer term? alix: this is a staggering call because many analysts are looking at higher prices in the longer term. doing with overall lower production. in the short-term, that's an impressive call. especially when you have u.s. production still ramping up here in the u.s. we saw some rigs added in different parts of shale regions last week. -- northf having dakota has 125 wells that could be completed in june. y

i'm alix steel. bigger earnings due out this week. got walmart, home depot coming out tomorrow morning, and lowe's orderly results on wednesday. mark crumpton and scarlet fu spoke to analyst david strasser of jenny montgomery scott about what he is expecting to stop -- what he is expecting. >> i think some of the money is going to walmart. see some of that smart, but clearly outside of the restaurant, we have not -- and maybe a little bit at walmart, we have not seen much there. about the linkage between home depot and lowe's? is there a cause and effect on data and macro housing versus what used the at the cash register? -- what you see at the gas register? david: they definitely are related, but they have been doing a better job than the housing data with just. my issue is not so much that their numbers would get worse, but they are pretty expensive stocks, both over 20 times earnings him and it is hard to argue that we are not later in the cycle. i guess people do argue that. it gets down to where people in the cycle. scarlet: it i

i am alix steel. alix: the name of the day is rally. you are looking at nasdaq closing at a record high, while the dow and s&p seeing its best day in two weeks. tech leading the way, seeing its biggest game in four months, a record high. finally playing catch-up to the s&p and the dow. i am joined by "bloomberg markets's" managing editor joe weisenthal. it was a green day across the board, but really tech. joe: yesterday we talked about the sell-off. we talked about the fed. alix: you did. i was on vacation. joe: right. today was forget about all that. another rally was the transportation sector. there had been talk about the transportation sector being a red flag, but today it was strongly up. that was one good sign. alix: it is a discretionary world. we had a commit. core doing. joe: both companies are individual stories and probably say less about the overall economy. then we have these signs out of greece, like we are hashing a deal together and writing it up, and other sources in europe saying no, we are not getting close tore a de

i am alix steel. bell sounds] by 30 sevendow off points, the s&p off six, but let's put this into perspective. at one point, the dow was off 180 points, at its session low, and then it clawed its way back to finish lower by 37 points. taking a look at the treasury markets, the 10-year yield at a high, and bonds we are seeing coming to a little bit of a pod here in the u.s.. i enjoy now by our bloomberg markets managing editor, joe weisenthal. within the s&p, you saw energy have a big run, up by half of 1%, and we saw tell a conflict into positive territory, while materials and health care really lagged. : yes, that has been the surprise story of the last several weeks. this energy, which everyone thought was finished, and oil was going to go to a low, and here it is, once again, having a solid day. the names like health care, financials, utilities. : yes. i think that coincides with the reverse we saw in treasuries and the reversal, as you say, outside. health care is an interesting day in that respec

that's a steel bar in his head? >> i thought it was a -- >> i thought it was a rope. >> i thought he was tied to something. >> where did it come from? >> we don't know where the bar came from. he is on a construction site. they say he was not wearing a protective helmet. there you see firefighters called in to help this guy. they did cut the bar. you don't see it on video. they had to lower him down to a safety area and then they put him in an ambulance, as you see here. >> ambulance? >> and take him to the hospital. >> get a helicopter. i think, yeah he needs to get some place faster. >>> little video walk-through of a home here. the owner of this home saying quote, she wished the home had been burnt to ashes. >> oh! >> the entire home completely trashed. calgary police standing in the kitchen as this man, mark king walks through his home. >> oh, my goodness! >> it's not been burglared. it's been vandalized. >> completely vandalized. trash. liquor bottles, trash. wood floors being pulled up because of pools of liqu

that's a steel bar in his head? >> yes. >> oh -- >> that was a -- >> i thought he was tied to something. oh. >> not a rope. >> mow did that happen? where did it come from? >> we don't know where the bar came from but he's on a construction site and not wearing a protective helmet. there you see firefighters called in to help this guy. they did cut the bar. here's the thing. you don't see it on video. they had to lower him down to a safety area and put him in an ambulance, you see here and take him to the hospital. >> get a helicopter. he needs to get some place faster. >>> you don't need to go into space to experience the power of rockets. >> hmm. >> a lot of us us yaoed to have hobby rockets, like this one a nice big red one. getting ready for the countdown. >> two -- one -- whoa! >> and the earth goes away very quickly as this powerful rocket is launched up into the air. you see it separate, and -- >> uh-oh. uh-oh. >> by now the parachute should have come out. this thing is going all the way back to tara karma and

our budget was $46 million the budget was based on fabrication inspection for steel at two different sites single shift right now it's six sites in three different states so that results in an additional cost of 20 million dollarses. and another $9 million for second and third shift work in the fields and dennis will go over the next slides in detail in background on that. the storage contract is 65% [inaudible] or contract documents estimates the estimate came in 2.7 million more our budget is 15.9 million for construction. we continue to work on the risk exercise we had two measurement meetings over estimate of completion our risk manager is doinghe bottoms up analysis right now using the monte carlo and use a cop down model. we expect to have the results in the next 2-3 weeks the results will advise us on how much replenishment construction reserves we need for the budget with that i will turn it over to dennis so talk about the [inaudible]. >> morning directors. wanted to take an opportunity for a few minutes to explain the line item cmo from the previous slide and go into more d

about 34,000 people were employed by bethlehem steel. and by the time i started looking into this question a much smaller number of people were employed by bethlehem steel as bethlehem steel had been curtailing operations and moving them to overseas locations. and as i try to write in this book, it was not very difficult to confirm what bill wilson had found in chicago. and that is that de-industrialization the closure of factories and other industrial facilities had had an especially dire effect upon african-american working families. but then something surprising happened, and that is that i found myself surrounded by lots of children children who were vivacious and lovely and had ambition before the age of 12. and that led me to become interested in the way in which children perceive their surroundings and what the actual conditions of their life were in those neighborhoods. and as i write in the introduction, you know children -- i knew them long enough and well enough that i could actually trace their life over a period of close to

the climbing route is lined by steel cables where climbers clip into the steel cables so they don't fallically a very extreme route that is now been made more accessible to more pedestrian climbers because of that cable, because they can clip in. so harold decides he's going to ride his mountain bike down it. >> down? >> yeah down. okay. if you have to wear a parachute to ride a mountain bike you're doing something extreme. i don't know if he's wearing a parachute. it looks like it. he didn't ride the entire course but look at the stuff he did ride. it's a butt clencher. >> oh, my gosh. the rocks right there, it's not smooth at that moment. >> never mind smooth or rocks, look at the cliff, the sheer drop off that. one mistake, you're done. this whole route pretty incredible. you see some of the cables up close that people are supposed to clip into to keep themselves safe. not harold. he's just bringing his bike over a couple more rugged spots because he realizes this is kind of stupid. >> they took a drone up there? is that how they're capturing the footage? no the no. >> the shots are b

chairman steele is that a concern when we talk about her viability? >> i think it's -- i don't know if it's a concern. that may be too strong a word. but it's certainly of interest to see how he addresses it. howcontextualizes it. we know as businessmen, and you probably do as a businesswoman in this industry know that certain decisions does require when it comes to staff and personnel, tough choices. and when you do mergers, when you combine companies, when you're downsizing yeah there are going to be people who get caught in that squeeze. we saw this played out with mitt romney last year. >> well right. >> we act like these things happen in business. but it's a normal course of doing business. >> but she was effectively fired. >> here's the problem. if you're going to run as a good business person, and i think that's a legitimate reason to run, although i try to think of the last person who came to the white house from a business person. i came without a previous elected office as a war hero. you have to go a long way back before you get somebody wi

hauled a bunch of steel. kept the supermarket shelves stocked.ade sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. the citi double cash card. it earns you cash back now and cash back later. with 1% when you buy and 1% as you pay. with two ways to earn on purchases, it makes a lot of other cards seem one-sided. ortho home defense gives you year long control of all these household bugs - roaches, ants, and spiders. spectracide gives you year long control... of just roaches. their label says so. got more than roaches moving in? get home defense. the label tells the story. ortho bug b gon gives you season-long control of all these types of bugs. spectracide gives you season-long control... of just ants. their label says so. bugged by more than ants? get ortho bug b gon. the label tells the story. >>> it was a warm and wonderful weekend. we had ra

the plan to breathe new life in an old steel plant. ahead, wait until you hear how many new jobs it will bring to delaware and beyond. >>> a city of green. fair monte park hosts thousands of acres wedged around city neighborhoods. that's still not enough to give us the title of best city park. philadelphia's not even close. >>> and hardly moving. get it? hardly moving. check out this slow speed chase. had nothing to do with traffic as you can see. how cows ended up on an interstate. >>> new jersey governor chris christie signed an executive order to protect the state from cybersecurity threats. the order establishes what is called integration cell. a new organization designed to improve information sharing and live threats and coordinate with federal law enforcement. >> i'm hoping that the steps we're taking today will allow us to get out in front of the problem and try to deal with it in a way that is not only creative, but effective. >> christie has stressed the threat of cyberterrorism to national security. >>> developing news from

we will have more with alix steel and street smart, next. ♪ . .he most important hour of the session -- 60 minutes left until the closing bell. i'm alix steel and this is "street smart." concerns about growth and race about greece. we are counting down to earnings from herbalife and electronic arts. plus how warren buffett and bill ackman are influencing the u.s. bond market. "street smart" starts now.

but salt water is seeping in and rusting some of the 400 steel rods that it's built with.far inspectors have looked at only a small fraction of them. abc 7 news reporter janet oh has more. >> this is avoidable. >> reporter: at issue again is the integrity of the steel rod, also known as bolts on the new bay bay bridge. this after salt water was discovered at the foundation of the landmark tower. >> where that salt came from we don't know yet. it could have come from when it was constructed. it could be coming from other ways that it can get in there. one way can be the bay water coming in there. we don't know yet. >> reporter: during routine testing a steel rod was found to be corroded due to water exposure 37 further testing showed corrosive closhide in the sleeve thaen cases a 25-foot-long rod. crews are now systematically going through more than 400 of them to assess the severity of the situation. the first time the steel rods broke two years ago they were repaired at the cost of $45 million. >> but we are very mindful of the costs. we're very mindful of who should be r

"action news" reporter john recalls is live at the steel pier we begin with meteorologist melissa magee outdoors soak up what is left of the evening sunshine. hey, melissa. >> hi there walter, sarah basking in the sunshine it was a beautiful day today and warmer than the start of our holiday weekend. check out the numbers across much of the delaware and lehigh valley. it's 81 in philadelphia. and 80 in trenton and 74 up in the poconos and along the coast touch cooler. 70 wildwood and atlantic city 69. when you look at 24 hour temperature change with you seat numbers coming up. this same time yesterday we had high temperature of 70. right now we're 11 degrees warmer in the city than we were this same time yesterday. 18 degrees warmer in beach haven than 24 hours ago and 11 warmner allentown. stormtracker 6 double scan shows you we have a ridge of high pressure just off the coast and down south and east much warmer today and tapping into the southwesterly wind and can seat unsettled weather stays off to the west for now. and so future tracker 6 showing you it's all about the temperatures.