corp. perhaps the best economics of any u.s. based steel company. okay.ake a look at this chart, will you? this is actually pretty good-looking. gapped up very nicely yesterday morning. from 41 to 43 as it should in a big up market plus the stock has an incredibly powerful floor support at the $40 area and wouldn't be surprised at the lowest this week. put in a bottom here and can start going higher. the united states doesn't have monopoly on steel and foreign steel makers don't have to contend with the headwind of the strong dollar. for them it's a tail wind. check this one out. this is pkx. the big south korean steel make thaer trades on the new york stock exchange. the stock is currently $7 below where it bottomed in 2009 but of course that was our crisis and right now the source of the global economy woes is china. still cambridge knows the stock is testing the down trend from early may highs and it's only a matter of time before it breaks out above the down trend line. it's just a giant and the best steel makers in the world, it could be ready. now h

steel and new corps as well. there always is a canary. alternative players to be winners here. first solar and also the two main etfs as well. always new, innovative ways to produce energy from nat-gas and it's cheap right now. companies like dominion and ultra petroleum. the last thing, there is expected to be a lot of litigation. this may not take effect so quickly. back to you. >> joe, coal couldn't get out of its own way before this. what do you do with these names, if anything? >> take them off your screen. that's what you do. you wait for them to default unless you have the ability to play that side of the ledger which is the cds market and bet on them going under. >> do you put nat-gas in a bigger way. you understand how incredibly challenged it is and i think the death knell, so to speak, for whether it's oil, whether it's gold, whether it's copper, it is going to be the u.s. dollar. so far the canadian dollar both commodity currencies down 6%. the u.s. dollar has risen 2%. if it becomes a high yielding currency and rallies signif

corps always complains doesn't have enough money. it wasn't a lack of money that made them go in to court to challenge the contractor who said we have to dig these piles of steelthing else going on there. >> harry sheer, thank you very much. we invited a representative from the army corps of engineers to come tonight and they declined. that's all in for this evening. the rachel maddow shows tonight with melissa harris-perry. >> a few minutes ago in nor wood, massachusetts, a half hour south of boston, republican presidential candidate donald trump wrapped up a rowdy speech and press conference. during the conference he talked about gun violence, how many jobs he will create as president, his feelings about patriots quarterback tom brady and his fellow republican candidate for president. >> you have a problem of mental health in this country. we have to take care of people and find out who these people are. we also have an illegal immigrant problem. a lot of the gangs, it's true, a lot of the gangs if st. louis d

negotiations, i know people close to his legal team, one of the things they are threatening, bob steel used to run/walkovia corpto be deputy vice mayor for mr. bloomberg, they are threatening that the contents of the memo were essentially false, false, and malicious, you know. cheryl: and leaked. >> and defamed and that defamed him, and, yes, and leaked. we'll see where we go. i think the next week or two, we're going to get clarity whether mr. kramer goes forward with the suit, which says he was unfairly terminated. that they owe him backpay of 70 to $100 million and sues for defamation of the memo. the memo was a huge topic of conversation on wall street. cheryl: the huge topic anywhere. the circumstances could be anybody, and anyone that is fired. >> he is one of the deans of the investment banking business, doing investment banking since the 1970s, worked at first boston, wasserstein pirrelo, he's created a fairly good firm. we want to see the whole thing. go foxbusiness.com, and get the story. have you michael kramer who might be the best restructuring guy around. one of the best. the starting outfield of

steele and robert costas. we saw, robert, a minute ago donald trump working a much more relaxed, joking donald trump, cracking one liners with the press corps moves over to this other room, familiar themes, trade, china and currency devaluation. you're talking about him maybe turning a corner. is that what you're seeing there? >> he's at ease. he made news. he's going to make famed investor carl icahn, sending signals about his cabinet, about the people he would surround himself with as president. this is someone making calls to carl icahn and thinking about his administration, who sees it as a viable reality rather than just some kind of dream like it may have been a few months ago. >> michael, i guess they called ross perot a generation ago the first populist billionaire. here is donald trump talking about teaming up with carl icahn and his appeal is populist. >> it is an amazing combination of forces that this billionaire has the effect on people that in focus group after focus group and poll after poll their response when it comes to donald trump, he's like me. he's one of us. and so to the extent that, as robert said, he's reaching out