i think steel frame buildings are resistant, it is the composite action of the steel frame and otherments that are together with the frame that help make them support; is that right? >> yes. that includes the walls, the floor diaphragms. but the fire was really bad. this is what they were trying to do here is a fire break here. in addition to the heroic fire break that stopped the fire on van ness. >> dynamited around here. not just earthquake or fire damage, it was dynamite damage. >> one of the interesting stories is the amount of dynamiting they were doing in some cases was so excessive it was damaging buildings that survived the earthquake and fire because they were blowing up the building 2 blocks away. the classic story is on the post office. it survived the earthquake and fire fine, but didn't survive the dynamiting of the next-door neighbor's building. >> they threw up flaming shards. and set the buildings alight. >> for an old steel frame, you see the beam and column and you can see the frame is shown there. on the side of the building, it is more solid with brick. the older

and it's not good having a soft steel column. >> steel loses its strength. >> it loses its strength inires. so this is to protect that. with the fire suppression system, so that the firemen have four hours to get here here. >> we have a teem column. this stuff is sprayed -- steel column. this stuff is blue, this particular building owner uses blue to show this is noncontaminated fire protection without asbestos. one of the big costs of retrofitting high rise buildings when you have to open it up like this is you have possible asbestos contamination and it's a big area to put the area into containment and to mitigate. >> they paint it blue because they really want to make sure everybody knows, this is not asbestos. >> okay. there's another way to do field fire protection. there's a kind of paint. and it's been used for the last 50 year or more. you can paint on steel, it's quite excessive -- expensive, it is fire proof paint. you have to protect all of the industrial elements except for those which are only for earthquakes. the presumption is, you're not having an earthquake at the same

that's the steel? >> that's the steel. >> wow. the cauldron is transported to something called a caster run-out, where the molten steel is molded and cut into beams. so this'll go into the bridges and the buildings. this is it; this is steel. mini mills can make steel more cheaply than it used to be made, more quickly, and more efficiently. >> we can literally start and stop our process like you flip a light switch on and off. so we can run full out, and then if the orders back off and we need to shut down, we just turn the light switch off. >> that's what they've had to do. the phones just stopped. >> the phones just stopped. >> nucor's employees watched helplessly as the number of new steel orders plummeted. >> it just kept droppin' and droppin' and droppin'. >> how far down did it get? did it go to zero? >> one week, we actually had a negative. >> we had negative sales because of the cancellations. >> christmas was coming around the corner. you know, guys were planning. and it just--just died. >> just boom. >> boom, all at once

steel pipe. the steel pipe. it turns out that the speed of sound has to do with the elasticity of the substance. when you deform something, how quickly will it snap back? and steel is very, very, elastic. so sound travels very nicely through steel. but it's not as dense as lead. and even the density of the air falls out. it doesn't have to do with the density of the air or the density of the medium. has to do with the elasticity of the medium, and then the second order effect is this, what we're talking right now, the temperature of the medium. rest assure sound will travel a little faster in a warm day than a cold day. and let me give you some evidence of that. it's something that occurred to me when i was a kid. i couldn't figure it out. and later on, when i got into physics--boom-- the answer to my question came. when i was a kid, i used to be a boy scout, and we used to go camping up at camp nihan, saugus, massachusetts. and we'll camp in one side of the lake. this is the lake. there will be another scout tr

i have a couple of pieces of steel. >> this is called mild steel. this is not high strength steel, which is used for the attendance. -- better used for the tendons. these are used for columns and foundation. these are 60 psi. >> this is available in all different sizes, eighths of an inch? >> number 3 is 3/8. >> number 4, number five, maybe 5/8. let's pass this around. it is heavy. it is deformed. tell us what that means. >> in the surface of the rebar, that is what engages the reader are with the concrete and creates the section that works with the compression. >> it is rough, and roughness of it connects or secures to the concrete. when i was in kobe, japan, right after the 1995 earthquake, looking at some of the damage, i saw some failure of concrete structures where they had non- deformed read bar -- rebar, smooth steel, and concrete just pulled right off. this has been deformed, which has been used 50, 100 years? >> i believe after the 1930's, he formed rebar is what is used. >> this is standard. that is used in the vertical wall, almost any pl

only steel. so that's why as a cost to the taxpayers, it was cheaper to buy steel from china than to buy it from the united states. >> next call for jackie spear comes from herrmanntown, minnesota, bob, you're on the washington journal, bob. >> good morning. thanks for taking my call. >> good morning, bob. >> i think that the people that are receiving any help from the government as far as being under water on their home owns deserve it because the banks got a bail out, aig got bailed out and aig literally fleeced the money they were supposed to be holding in reserve to insure the loans with and they used more of the money that we gave them to pay their check executives with, and my other comment is the keystone pipeline is going to a place in texas where it's going to be exported. i'm all for the keystone pipeline as long as we are able to use it here in the u.s. >> it's important to note that there are two issues that need to be resolved before i think the pipeline is constructed. one is the le

steele. >> hey. >> i'm wondering, you mention that the candidates in this, you know, presidential race, that they might -- the ones that don't have romney's money, all they do need say message that resonates. i'm wondering if the fast pace of super tuesday, are these candidates, you know, at a disadvantage because they have limited time and money? >> you guys are very perceptive here because that's a very good question. simply because the thing about super tuesday is ten states at one time whereas up until now it's just been one state. concentrate, go in. you saw what rick santorum did in iowa. visiting all 99, you know, caucuses -- caucus sites and counties. so this is different. so where you are going to run into a little bit of a problem and you have seen this strategic decision-making already. newt gingrich. i'm going to hunker down in georgia. and i'm going to play for georgia because i've kind of put myself out here and say, you got to win your home state. and the polls there have narro

the steel stairs are notoriously loud. they're like an instrument which vibrates when you go down the stair and that in itself is a big issue. >> this deal stairs were proposed -- the steel stairs were proposed. that would split the light will -- well. there are rubber treads that can be placed. commissioner moore: there's nothing else you do? it is still the stair as a steel sphere. it still picks of vibration. -- it is still the stair as a steel stair. >> there are dampeners that as each stair connects, can be placed on that center poll as well as on the treads. i have seen that. >> this is not a spiral staircase. >> excuse me. commissioner antonini: i am more -- i am ok with the motion. i assumed there would be, too. i guess it does allow for there to be less of a fire wall. under the building code, yes. that is too bad. i am ok with the motion accept i would ask their project requestor and the d.r. -- the project sponsor and the d.r. requestor to work together. if there is anything to minimize the shadow. that would be

worried about inflation, he cut a deal with the steel industry that if he got the united steel workersd back on their wage demands, u.s. steel and its corporate rivals would hold back on prices. well, having cut the deal he got word that the president of the u.s. steel, roger blou wanted to come in and see him in the white house. when the steel company executive showed up he walked into the room with the president and dropped a press release on the table announcing a big increase in steel prices right there in kennedy's face. and that's when the trouble started. recognizing the double cross, kennedy made clear what he was about to do was this. mr. blou, kennedy told the steel company big shot. when you are doing right now is in the best of interest your shareholders. i'm going to do everything in the best interest of my shareholders. the people of the united states. kennedy knew at that moment the steel executive was screwing him. that he was not only raising prices, he was doing it with impunity. he was leaving kennedy out there on a limb with labor. kennedy went into action. his brot

interesting things in the steel space between a.k. steel, steel dynamics. ak is up almost 2% despite forecasting a q1 loss. >> that reflects the fact that a lot of people were concerned with q 1. i think the fact is out there and people look forward. we got price hike announcements over the past couple of days from ak steel and new core which puts a floor on pricing. that will get people excited. you look at demand. it remains very strong across the board. we heard it from the companies. all our checks suggest this is the case. i think that's going to play in commentary on the economy. i think a global recovery, u.s. economic recovery in the back half of the year also supports higher pricing from here. >> q1 is the trough? >> that's right. >> grasso. >> richard, i think it's more of a knee jerk reaction. when people got spooked with the china numbers and rushed in for performance. ak steel, still fundamentally challenged despite what you're saying. if you're faint of heart you have to be very, very careful for the average investor. would you not agree? >> i

steel shares are down 40% over the past year. we also some after the close optimism from fashion designer michael kors. this company just came public late last year. shares were down 2% during the regular session, but were 4% stronger after the bell. that came after the company raised its quarterly earnings guidance even though it cautioned its revenue may be disappointing. it blames that on problems with a new distribution center delaying deliveries. the company also is taking advantage of its share price more than doubling since its initial offering. it is looking to sell more stock according to the "wall street journal." meantime, retailer kohl's fell 3% on heavy volume. in its annual report it says it will be less aggressive passing along higher costs to shoppers, hurting its profit margins. while the stock indices are running higher, so are bond interest rates, meaning bond prices have been moving lower. bond interest rates and prices move in opposite directions. the yield on the ten-year treasury note jumped to almost 2.4%.

steele does that., please react. >> well, there's a reason mitt romney is still in the race, and there's a reason he has the most delegates. it's because he is focused on the economy. look, a lot of voters right now feel that they're over taxed. a lot of voters feel that washington is spending too much money. they feel that there is not enough of a reform element in washington d.c. the reason governor romney is doing so well in places like ohio, like virginia tonight, like some of the suburbs in places like atlanta, and all these other states like florida that are going to be -- and michigan that are going to be critical to winning in a general election, governor romney is winning those voters because he is focused on the economy, he is focused on cutting spending, he is focused on economic growth, and he is focused on reforms to our entitlements, which are really hurting our ability to grow our economy. so i think i would respectfully disagree. i think the reason you're seeing this success tonight is

steele mentioned that he thinks it's actually a good thing. hi. the new chairman believes a goo thing. is there -- do you think the republican party, regardless of how long this goes on, is building the infrastructure and is ready to take on the obama machine and make this about obama's failed policies and his inability to lead and unify the country? >> that's a very good question. and i can honestly say, i don't know. but i have my worries and my ab. the fact that they just hired last month or in the month of director, which i always found that outreach notion to be somewhat comical and farcical, but i don't know. they are saying they're going to have hispanic coordinators and directors in the, i guess, the key states which probably means 10 or 15 states or so. my approach was much more broad paced. it was more bottom up. in order to get ready for the 2010 elections, i had to first get on the ground and prepare with the elections of chris christie and bob mcdonnell in new jersey and virginia, respectively. the special elections. we all remember t

it's steel and concrete >> there's a difference between structural steel and rebarb. >> it's steel columns. thank you goodness. >> 19 stories and i live across the street in a building that was built i believe in 1920 and i brought my staff here because we want to, as a team, be prepared with our building and the owners who live there. >> so her question is, how can someone find out what they should be prepared for? >> the first thing is to see if the there are original plans for their building >> should they hire someone >> someone need to verify if you are structural steel frame. there's a high likelihood there's a plan. if you are a concrete frame, you have a set of concerns. >> the first thing, i recommend everybody do this. get a complete set of documents for your building from accessor's office and other office in a city and put them in a notebook and you have all your documents. here, you can ask to get all the permits, plans, job cards, sign off sheets. special inspection. get everything. there's no reason why the city should be a source of this. then, if you ever want to be a buil

for a recent anti subsidy and anti dumping investigations into imports of chinese made steel products precisely because the chinese know that there is a danger some forms of protectionism what they want to do is have a company isn't bases in europe factories manufacturing products or. companies in europe so that a lot of their products will be labeled made in germany made in france mean grease and so on so they will not be considered to be implications from china and the plans already in action just last month the first chinese automobile assembly plant opened it will be area aiming to produce fifty thousand vehicles per year for the whole european continent raising more fears of china's far reaching influence it does would emerge. as. you know. he's it's time cards where you can but europe has and thrown in the towel just yet it still has the power to grant china's wishes and as a country's second biggest trade partner the fall of one is the fall of both the e.u. also has its own demands for one backing on syria and iran part of the political game but international politics given tha

if i did have to pick a bottom in any of the steel space, it would probably be my favorite, ak steel.nd he knows why. based on electrical steel component. >> all right, guys, they say weiss, we'll talk to you again soon. we appreciate you bringing the trade to us. if you take a closer look at the luxury boom. you'll see men shopping like women. american designer coach is catering to this new group of male luxury buyers. courtney is here to reveal the luxury gender twist. >> the men's luxury market, outperforming women's in all categories and american classic coach. you talk about it a lot, is catching on and cashing in. since the march 2009 market lows, coach shares are 554%. and the majority of wall street analysts think shares still have room to run. coach began as a men's business more than 70 years ago. the company now coming full circle. men's accessories now the brand's biggest growth driver. greg unis, the vice president of men's merchandising for coach tells me he expects the division to grow from $200 million, to $1 billion. in the next three to five years. and the company pl

the bridge is supported by a steel structure encased in reinforcing layers of concrete.nd as the fire radiates intense heat, the concrete begins to break down and melt. >> it was splattering kind of like a grease fire. actually concrete breaking loose and liquefying at a boiling point which is also dangerous in that area. >> then you just had the steel beams exposed. the unexposed steel beams on the bottom side of the bridge were actually taking the majority, taking the brunt of the heat. >> and firefighters are aware that the steel beams holding up the bridge can't take this kind of punishment for long. >> knowing that gasoline burns at about 817 degrees and the steel support would resist up to 1,000 degrees we did expect it to collapse at some point in time. >> but the question remains, what exactly will happen when the bridge comes down? >> the gasoline tanker is very unstable, because we didn't know how it was going to react. >> firefighters continue to pour water on the inferno in a vain attempt to get the flames under control. but after 40 minutes of relentless hea

steel, is walter.he others are thermal coal. 80%. coal prices are going to go much, much lower. >> hillburg, is there a level, guys on the floor are pointing to as the next stop? >> absolutely, judge. seeing 2.04. that's a huge level. right now, judge, we are seeing the foive year average of supplies be greater than 50%. that number is overwhelming. 2.04 is going to be touchy, but $.50 is on the radar. >> steve cortes. question on natural gas. i bought some this morning below $2.20. the calls for $1 gas are so unanimous. eventually are we going to a one handle? yes. i don't think we have to go straight to the one handle. are you worried, for instance, there's so much activity on the $1.50 puts? are you worried the crowd is leaning very hard anti-gas? >> cortes, great point. we saw a crowded point when nat gas was at $4. now we're knocking at $2. if you want to play the ung, you're going to be premature in my mind. you can nibble down here. $1.50 feels like it's coming. >> cortes, is that how you made y

last year the estimates on chinese steel production was 680 million tons. if you get high single digit flattening growth in that -- you know, you're talking 40 million or 50 million tons of additional growth per year of iron ore just to cover that. that's a pretty healthy industry, and that's what really gives us confidence for our growth perspectives in the future. >> now, one of the things that was amazing to me is i knew you as cleveland cliffs. okay? i actually bought your debt. as a hedge fund manager i bought your receivables. i knew this was a great american company. but you have made this into a great global company. you have made a series of acquisitions. how does that position versus just being reliant on the american steel industry? >> well, you know, diversification has always been important to derisk the portfolio, and it's not so much where the minds are. we always tell people you have to think about where the markets are and just where we're not china-centric as well as u.s.-centric like we used to be. we're much more comfortable as the econo

this huge iron ore flattening of demand and a decline in steel production. is china really slowing more noticeably? is there a more rapid decline? something that will take their economy from 12% growth to 0%. we'll know more later in the show, but suffice it to say that bhp lowers the boom, the china plays are about to get poleaxed, and which companies are china first? we have to break out the china stock book, right? oh, look at this. under the self-reliance and arduous struggle segment is joy global. yeah. that's a coal mining equipment maker. they won't need all that coal digging machinery. their opening coal play is about one hour -- that's every nanosecond there. that is a real great leap forward for the oxygen. joy goes down $3.44. coal itself is a china hand, so peabody, the big daddy coal company got slaughtered. gave up $1.80, but, you know, that is 5.4%. sure enough, under the investigation study section of quotations from the chairman mao, we find peabody. all right. next love of kryptonite, oh, no, under the discipline section. cummins, the truck

steel dropped more than 5.5%. u.s. steel fell almost 5% and nucor was down about 2.5%. while gasoline prices continue to be in focus, natural gas has cooled to new decade lows. prices are below their late january lows as the warm winter is forecast to continue. new sources of natural gas have been filling up storage sites while demand has been weak thanks to the mild winter. the warm winter also has meant less electricity demand, hurting coal demand by utility companies. alpha natural resources was down 6%. arch coal fell more than 5%. and peabody energy shed more than 4%. the relative calm winter has been good news for travelers: fewer delays for some airlines. u.s. airways credits the mild winter with a record low flight cancellation rate in february. still, shares fell more than 8% to a six week low. venue r available se mile, which is a key measure of growth was up in february by its smallest amount since june. meantime, onetime flights are improving at united continental three days after the merged airline combined its flight reservation systems. during the switch

steele? >> why me? >> we give you the softballs. >> i prefer notorious, probably will be after this answer. but, no, i think, yeah, for me, i think it was an honest moment, to be quite frank about it. and you know, that's what happens in politics. i've been there! you know, when you say that you speak truth -- or at least how you feel, feel about it, and i can't, you know, figure out what's in his head at the moment, but then the backtrack from it. my thinking is, look, what's the downside? you know, if you're the presumed nominee, this is going to only serve to your benefit in november, going into the fall. but, that's, of course -- >> i'm sorry, what is the benefit of going back and forth? >> not going back and forth, but i'm saying if he would have stuck with his original answer, what's the downside? maybe the primary, but -- >> and the fact that blunt -- >> and that blunt is one of his -- >> congressional representatives. >> not -- like his guy. >> his dude. >> his liaison. so, look, i ge

but we do expect this year is china to stop its dumping practices of throwing steel products into the market. and you're up to date most stories on our website altered dot com such persons tale many thanks for that update out of the headlines shortly when we explore at those who are standing aside so america can get its hands on the wiki leaks whistleblower. some people knew what is happening on the streets now as the you know the after party for a while parts of the gulf i however i totally disagree i don't think the point to be done. we're still waiting for the actual revolution to happen. download the official anti amplification show on the phone the i pod touch from the i choose apps to. watch all sheesh life on the go. video on demand policies minefield costs and r.s.s. feeds now an apology. question on the call to calm. if. soumitra bryanston. about sums from funds to impressions. his firm stance on team don't come. come. live. lives. has. come up.