this is a lot of steel. what we're recommending is to do a first phase preparation, and it has more than the present documents. this provides a detailed testing specifications in production schedules, some bid drawings and some degree of optimization. if we can cut 10% of that steel out, that is a couple million dollars saved. i believe in saving money, but not risking anything. that first part will be delivered, those documents to get into the bid, for the steel structural package at the end of this year, and there will be delivered by the end of august. the second phase is to start preparation on the final manufacturing drawing, the ones that would go to manufacture these. this is a huge effort. because they're not all identical. and the delivery date of that is april 2013. the third phase would be during the construction phase, and this consultant would go out to the foundries to witness the actual first castings, to get the job and a final production as fast as possible. the reason we're doing this is to

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

then it is welded that's how damascus steel is made. of them there were attempts to revive the practice as a result they managed to produce good damascus steel which is now exhibited in various places. after the sabers ducks and goes a forged they'll pass through the hands of many prison craftsman only then will these souvenirs be put on display. this is a specific branch and convicts are hand-picked for this kind of work and there are lots of volunteers oh. we kemo take them. both private clients and cossack organizations purchase our products we have our own shop the products get sold quickly. the famous generalists images were made of damascus it has a plated face thing similar to that. this is a leather sheen lined with wood. both among men and women you. know everyone can appreciate the skills of the imprisoned blacksmiths. the workmanship of prisoners is of the highest quality this is achieved through strict discipline as well as constant controlled. congress there are no for you to come in place to check the law turned off it was

james steele?> it is an interesting position for some against new taxes and wants to cut the deficit, here you had some heading the olympic committee that for the entire operation raided the federal treasury like no other politics and history. they got everything. salt lake infrastructure, salt licks your lines, land exchanges that transformed the -- salt lake store lines, land exchanges that transformed into a world class resorts. all of these things happen one way or another under romney's watch. that is what astonished us about the comments were he was this in the london olympics, that they're not operating right are doing this right. i think he is so vulnerable on that issue and everyone who had anything to do with the salt lake olympics is very vulnerable on an. what struck us so much, here is utah, a state famously with a great antipathy to hang in thpad of taxes, had no qualms whatsoever to raid the national treasury to take care of their needs relief for the next generation. the fact he wou

from that they will do steel beam upon steel beam and eventually the stadium will start to take placejack hill oversees the construction. congratulations, i wonder what it's like for to you finally get to this day. >> this is a big day in the life of the project. crews have been working for three months to get the foundation prepared so this is an exciting day for us, for the construction crews, and i think it's great for the fansment they will see the stuck tur go up above the fence line. >> we understand it could be as high as 80 feet. it takes four to six weeks, so 200 pieces per day. we've got 20 seconds. can you give us a tour of what will be here. >> we're standing almost on the 50. if you project a line straight across, there is the 50. and the stadium is oriented north to south. we're on the 50. we're going to start setting steel today. >> if you see those individuals out there in front of that blue bale and orange cones, that is the center of the field. the idea is by 2014 to have that laid down t stadium built and professional players running across that line. we're waiting

this is a lot of steel. what we're recommending is to do a first phase preparation, and it has more than the present documents. this provides a detailed testing specifications in production schedules, some bid drawings and some degree of optimization. if we can cut

certainly lots of heavy steel. >> i should say. are you surprised, that they have already done quite a bit of work? >> that have, i was very impressed that it happened so quickly but that is what they said to me, with such an aggressive schedule, the have to work quickly and they will be working around the clock to create that framework. >> thank you. >> no one really wants to hear the words " roller coaster, " and " rescue " in the same sentence. but at six flags in vallejo pig was anything but amusing. cate caugurian has the follow- up. >> this superman on what the flying the bay skies today, the new roller coaster is taking a break while investigators figure out what the super ride to stop. >> i'm kind of disappointed. but it is fun. there are all kinds of brides to read >> in happened yesterday, tw cars suddenly stopped and a dozen riders were stuck 150 ft. in the air for an hour-and-a- half. vallejo fire went up in a bucket to give them water. >> they're doing diagnostic testing right now so there are sensors that are designed

the steel arrive this morning but some of it got there over the weekend >> that's right.are told that some of the beams arrived as early as saturday. 10 minutes ago some of the construction workers had the meeting at the sight and now their work has begun. the workers are actually installing what appears to be the american flag which will be near the steel beams. one of the workers told me that by the end of the week, it will look like a stadium. it is being installed in all four quadrants of the stadium simultaneously. there are actually four very large cranes here and i'm told because of the aggressive schedule, that is why it is being done so quickly. the stadium should be completed in time for a kickoff of the 2014 stadium. this is just another milestone. back in may we were here when the first concrete was poured but today it is all about the steel beams that will be erected. in fact sheet about the deal, 14,000 pieces of steel, 7500 truckloads that will be used with the largest piece weighing 36,000 lbs.. >> it look at the web cam where you can see various angles of

. >> follow up to my special report from last night to the huge steel plant upset the homeowners in tiny south side neighborhood finkl steel invited residents to a meeting to talk about concerns of noise damage to their house this finkl steel all big and moving to the sprawling plant from longtime home in lincoln park. residents have been dramaticdemand answers from damage and sleepless nights. the meeting into the night tonight but a few residents came out and great sounds like finkl steel giving them more of the same ... service. >> disappointment another waste of time. >> they are just talking at us and cannot understand why they would waste that time they said the preparations would stop continued all today continuation of what has been happening making promises now we have to wait and see if they keep the promises. made promises over two years ago. >> later other residents came out more content my producer says finkl steel will start two weeks from now house to house to discuss individual concerns finkl steel just the company representative sleep neighborhood homes to experience the

during a lunch break, steele extracted a plastic shank from his anal cavity.hen 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 ans

you can see that crane is lifting that piece of steel. that will be the first of a 14,000. >> amusing to think that in just two years this will be complete. >> it is amazing. amazing to think the first aerial picture. jackie cecil showing us this vast construction site. >> the 49ers will no longer be played at candlestick park hard to believe. a court battle with billions of dollars at stake with apple and samsung r squared off in federal court in san jose. will tran? >>reporter: apple is asking the federal court to force samsung to pay $2.5 billion accusing them of stealing apples ideas. for the i phone and ipad but samsung is countersuing. if anything, it is an industry standard of the rectangular shape. apple should be als-they have been battling grounds, internationally. in the long run, according to analysts, the true victory is that samsung will not be able to sell knockoff products of what apple is a purportedly what samsung is doing. >> another world stories ira q does not need a police training and it all ready cost $200 million.

four cranes, 300 workers, 18,000 tons of steel. some beams weighing in at 36,000 pounds. >> this is the first kind of manifestation of a project coming to fruition coming out of the ground. >> reporter: before today much of the work in the pit was to put in underground utilities. foundation elements and a retaining wall. crews say by labor day you will see a full skeleton what is to come. santa clara's mayor is encouraged and the impact on the workforce. >> we have 36% unemployment here in the valley, now we have all these people working on the site over 300 and ramping up to over 1,000 by the end of the year. >> reporter: workers that will remain employed for some time as this 1.2 billion dollar stadium comes together with more than 68,000 seats, state-of-the-art technology, it will soon be one of the nfl's best. >> there's a lot of work remains but this is getting us off to a great start. >> reporter: a great start and a lot of that work continues at this hour. all of that steel that you see is being trucked in, the 49ers tell us

. >> and wood is cheaper than steel, initially the propane wants of steel poles are trying to get more companies to use steel opposed to wood and with some success. wooden poles last a long time. >> and would they rust? is that an issue? >> everything breaks down over time and the average wood pole lasts 40 to 50 years and some known to last 75 to 100. >> yeah? >> and the steel poles longer than, that 30 to 50 years longer. >> and the primary thing, at least right now s keeping the wood popular and that is the lineman who have to climb the poles for preferred wood. part of that is the belief that there is some conductivity problems and an assumption of climbing a steel pole and getting electrocuted. >> right. right. >> and if there is something going on, it would conduct the electricity easier and there is a problem. that is not necessarily the case but that is the belief among linemen. they prefer wood poles by far and they dominate. yes, steel is lighter in terms of transporting it and that, lower fuel costs to do that and everything, but, you know, that is a debatable issue now. >>

it would be nice to have a hybrid. >> michael steele, why can't we do this?ka. it just sounds different. i mean, you know, we do have some feisty moments in the house and senate floor, although less in the senate, the greatest deliberative body in the world. but the reality of it is, the parliamentary system is much more exciting. it is much more people oriented. you've got that direct connect to your constituency and they expect you to go in and fight every day and they do listen and pay attention and those pms, they know when they walk out of there, there's going to be a whole lot of, you know, heck to pay if they don't fight. it's a different way of approaching problem solving legislatively. there's just a little more excited about it. we have harry reid. it's all good. >> yeah. >> the person who's been most interesting about this in recent years was john mccain, who speculated about possibly if he had become president, having question time because he was so good at town meetings. i'm sure his temper would have seen him through four years without any -- >>

four cranes, 300 workers, 18,000 tons of steel. some beams weighing in at 36,000 pounds. >> this is the first kind of manifestation of a project coming to fruition coming out of the ground. >> reporter: before today much of the work in the pit was to put in underground utilities. foundation elements and a retaining wall. crews say by labor day you will see a full skeleton what is to come. santa clara's mayor is encouraged and the impact on the workforce. >> we have 36% unemployment here in the valley, now we have all these people working on the site over 300 and ramping up to over 1,000 by the end of the year. >> reporter: workers that will remain employed for some time as this 1.2 billion dollar stadium comes together with more than 68,000 seats, state-of-the-art technology, it will soon be one of the nfl's best. >> there's a lot of work remains but this is getting us off to a great start. >> reporter: a great start and a lot of that work continues at this hour. all of that steel that you see is being trucked in, the 49ers tell us

wgn news @ 9 new steel plant to blame damage to homes tiny south side neighborhood? special report top story. new jobs versus homes that were there first. finkl steel started in the city more than 100 years ago lincoln park neighborhood grew up around the factory. left no room for expansion moving up leading to the north side over three times the size. you hear at earthquake. and you wake up. you can hear and feel this windows shake. small tremors are constant. >> the city sold land under mayor daley 93rd at stony island to 24 finkl steel $1 revitalization plan to keep jobs >> just getting started just getting to know the neighbors and we are working very hard. construction phase challenges that we recognize stuff we are working on daily >> since construction began neighbors blamed water pipes bursting >> bricks falling windows breaking apart cracks in the concrete >> started with a small crack. literally falling apart >> strange librations mayor rahm emmanuel at city aldermen talking about giving finkl steel extra 20 million tax dollars will be development. the comp

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 to transition 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, good. the plan is a

the for shipment of steel

you see the enormous steel frame. it's such a little building. across the street is the self storage. you see the fire escape in front and it has to pass that awning. >> what are the regulations about attaching thing to a fire escape? it says available. >> nothing is allowed on the fire escape. >> i know a lot of people like to put their potted plants and turn them into a balcony. >> bbqs are a no no. it's supposed to be for fire response. many, many violations for that. >> one of the things, people always say, this is a hazard. you've don't you do something. how many of you have had to exit a fire escape in an emergency? it's rarely used and we have very few incidences. therefore, based on our history, epidemiologically. we don't have reason to believe they're not functioning. there's no reason. these are working just federal fine. >> it always works at least to get you out of the second floor. the last floor is easy. thank you for coming. our brown bag lunches continue and we invite you to join us. thanks a lot.

steele. could this drip to november? >> potentially, yes. >> gene? >> yeah, i think it could unless he gets a plumbar in there fast. >> he needs one. i wonder if that would be a union plumber? probably not. eugene, michael, thank you for your time. remember to answer tonight's question at the bottom of the screen. we share your thoughts on twitter at ed show. we want you to do that and on facebook. coming up, actress madeleine stowe will join me and explain why majority leader eric cantor is bad for america and in trouble. you don't want to miss it. stay tuned, right back. [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans?

for tubular steel, creating distribution networks and needs for different kinds of tubular steel. and the u.s. is seeing incredible flows in inward investment into the steel industry. the manufacturing jobs that we think we can look at in very conservative way, or order of magnitude between 3 million and 4 million between now and 2020. so the implications, gege geopolitically, include what's happening in the u.s. economy and it's pretty profound. >> i have two two-finger interventions. th both michael and ed chow wanted to intervene. quickly. >> the picture ed painted is really important. because it takes us to a time in our history where we did not have as free and open of a global trading system. so preferential arrangements for oil trade and preferential tariff systems and all these things made geography matter a lot more than it does today. where we had a world superpower rival, soviet union, that we worried would invade large parts of production and therefore be able to produce supplies. we're not in that world. we could be in that world in a couple decades. it's very difficu

last week the first shipments of steel arrived instaled on the four corners of the stadium as that workbegins the santa clara mayor will be here as well as top stadium project executives. the stadium is definitely taking shape. the 49ers in a matter of a couple of years will go from having the oldest stadium in the nfl to having the most high-tech state-of-the-art stadium in the nation. 49ers continue to say they are going to continue that goal to open in 2014. sue thompson, abc7 news. >>> two tech titans are set to go to court in san jose today over a patent dispute. apple suing samsung for intellectual property infringement for allegedly copying its ipad and iphone design and scrolling technology. a jury expected to be picked to hear the case. apple is demanding 2 1/2 billion dollars in damages and intends to push for more injunctions. >>> newest rollercoaster at vallejo's discovery kingdom shutdown indefinitely after a dozen people got stuck on that ride yesterday one of the cars on superintendent man coaster stopped at the top of the ride, 15 stories from the ground. crews used a la

the structure are being built simultaneously with a large crane. >> steel is big time. steel is something you can look and see the frame work. >> the 300 workers are putting up the frame work fast, from this morning to the late afternoon, workers erected easily distinguishable frames. >> ultimately there's 14,000 pieces that need to be erected. >> reporter: when you get this close to the construction it's impressive to see all those pieces being put together, but there's also a big piece of craftsmanship going on because they emphasize it's not just new, but state of the art. >> the ability to look at replays, the ability to get content on their phone and be interactive with the game is important. >> workers will begin installing these concrete risers on the seats. >> it's going to have the largest lower bowl in all of the nfl and we only have 32 cities with nfl stadiums. >> it's all expected to be ready for the 2014 season. in santa clara, robert honda, channel 2 news. >>> a rare scene in san francisco this afternoon. an oil spill right in the middle of market street.

building the steel frame of the stadium, piece by piece, four cranes, 300 workers, 18,000 tons of steel. some beams weighing in at 36,000 pounds. >> this is the first kind of manifestation of a project coming to fruition coming out of the ground. before today much of the work in the pit was to put in underground utilities, found elements and retaining wall. crews say, by labor day, you will see a full skeleton of what is to come. santa clara's mayor is encouraged by the project and its impact on the workforce. >> we have 36% unemployment here in the valley. now we have all these people working on the site over 300 working on the site, ramping up to over 1,000 by the end of the year. >> reporter: workers will likely remain employed for some time as this 1.2 billion dollar stadium comes together with more than 68,000 seats, state-of-the-art technology it will soon be one of the nfl's best. >> there's a lot of work still remains this is getting us off to a great start. >> reporter: all of that steel is american made. according to the 49ers it is having to be trucked into the job site. you

gfc still steel mill was a mill in operation since 1888 before bain got ahold of it. the end was the mill shut down. 750 jobs lost. their pension benefits were cut by hundreds of dollars a month. on the pension thing specifically, the federal government had to pitch in tens of millions of dollars to bail out the workers that bain cut off through a pension guarantee program. but hey, bain made money off it. mitt romney made money off it. shannon o'brien hit mitt romney with that story in 2002. newt gingrich hit mitt romney with that story this year. the whole king of bain thing that newt gingrich deployed against mitt romney. rick perry hit mitt romney with that last year. president obama's campaign hits mr. romney with it, too. >> they issued 125 million dollars of bonds. and out of that $125 million debt, they paid themselves almost $40 million. >> like a vampire. came in and sucked the life out of us. >> every time mitt romney has been hit with political criticism for that economic bomb that he and bain capital dropped on those steel workers, in part leaving the tax

to michael steele's point, sure, this campaign should be about jobs. it should be about how we rebuild the middle class, it should be about how we rebuild the infrastructure in this country, but mitt romney doesn't have answers about that either. when you ask him about what loopholes he would close that would defund social security that millions of americans rely on for security and dignity, he doesn't have answers about that. is that how he would serve this country? >> we're learning a lot about mitt romney through his lack of transparency when it comes to his taxes. but michael, you say the obama campaign is doing a good job pip mean, they're getting walked right into this. romney is his on worst enemy on all of this. what if he didn't pay any taxes in 2009? how does that fly with the american people? >> i put all of that in the appropriate context. unless there was some criminal behavior there, unless there was some ill-gotten gains that show up on that tax return or lead to some ill-gotten gains, he did it by the books. he played by the rules that

of booming steel demand are now due while steel prices took a deep dive.ndustry regulators are not sitting idle. they say they have apeopled to beijing to revive a value-added tax rebate to help out producers. the plan lets some domestic producers sell high-end products to exporters without paying the 17% value-added tax. if beijing gives the green light to the plan, it should help boost profit margins in china and reduce the country's massive inventory stockpile. it can hurt regional peers' competitiveness. so far market reaction is mixed. south korea and nupon steel gain 2% or month while tata steel lost more than 1%. back to you. >> now let's look at what's on the agenda in asia tomorrow. china posts its official pmi data for july while hsbc releases the private gauge for the mainland and india. on the earnings front some of the big names include mong congress's hutchinson and indonesia airlines. >> we have a bit of news out of greece. the bank offerfiled an offer. it didn't give the offer value. the offer is full of the share capital. we'll see whether

northbound traffic is stopped at the steel bridge. due to a. watch for an accident clearing on the west side outer loop. majorlook at 895, showing delays due to. the northbound. lingering delays on the west side all the way to 795. john, let's look at the weather. >> you can see by those traffic

now, michael steele -- >> why do you come to me on this? >> i don't -- >> i wasn't in the room. >> it's like he needs to take like vocal lessons, a la eliza doolittle. >> it's not vocal. it's tonal lessons. it's understanding -- but you are actually on point. the fact is it does further the narrative that karen was just alluding to about how people perceive your description of the economy. do i fit in that, do i see myself reflected in that, and people at this stage to the extent that they're tuned out, don't. that's been part of the problem. obama has the luxury right now of talking about everything except this economy, except the job numbers that have come out, except the relationship with his own corporate funny money with solyndra and the like. >> now, michael. >> i'm just saying, i'm just saying that's the reality of it for him right now. i really think that you know, the vp nomination and that process, all you're doing now, unless they get this stuff cleaned up, is you've got one more person's going to have a microphone in front of th

he is proud to say the 100 percent of the steel used of this project is good old american made steel.re is a big controversy here with that. man: we need a good night's sleep. woman: which means a little heat to keep us warm. and a good dose of support for my back. some over-the-top comfort couldn't hurt. and our perfect dream factory's been built. you're feeling sleepy already? nighty-night. [giggling] >> to cut across -- to cut costs that have cut down our is a and some services and some post offices. the senate has passed legislation to help shore up the postal service. the senate bill loud the postal service to and saturdays delivery. >>mark: the decision 2012 mit romney is waving flags in support of israel. he said the u.s. has a duty to stop the rock building nuclear weapons. they have noticed that are run some leaders is testing moral. >> we have the newest photograph of president obama and his top of visors. newest member is rebecca blank. >>darya: we will be back in a couple of minutes. >>mark: the dow jones industrial average is above 13,000 for the first time since may. rob

he came to look. >> steel. steel is big time.steel is something you can look at and see and see the new home. >>> the 300 workers are putting up the frame work fast. workers erected frames. >> 35-50 pieces a day. there is 14,000 pieces that need to be erected. >> reporter: when you get this close it is impress tv see all the pieces being -- impressive to see all the pieces being put together. the stadium is not just going to be new but state of the art. >> from a fan perspective, the ability to look at replays, get content on their phones and be interactive with the game. >> reporter: in october they will install the rises for the feet and start work on the stadium bowl. >> largest lower bowl in the nfl. and we only have 32 cities with nfl stadiums. >> reporter: from the first beams with the american flags, you can see how much has been done in one day. live, robert handa, ktvu channel 2 news. >>> buck u.s. berkeley fans won't get to hold their bond fire this year because of scheduling plans. they moved the game to november and t

ak steel. call volume eight times the average daily volume. >>> welcome back, you just heard how active ak steel calls were. curiously, the stock was lower today. what did you make of that? >> it's lower today, but done pretty well lately. deutsche bank had good things to say. >>> time for the upside call. we mentioned nike's tough day. a couple weeks back, dan had a simple trade on the giant. just short it. he made three times his money. here is how. on "options action," how we just do it, risk less so we did make more. dan thought shares of nike would get knocked by europe. >> a research report commenting on weakening shoe sales or trends in china and the u.s., and weakening apparel trends this western europe. >> shorting the stock? might as well go one-on-one with this guy. to define risk, he bought the 97.5 put for $2.50, now dan needs mikey to fall below the strike put price than by the $2.60 he spent. $2.60? we don't have multimillion shoe contracts. just spend less. dan sold the july 92.

we begin with the oba-- media group, michael steele was chairman of the republican party. both are msnbc political analysts. gentlemen, want to show you something that vicpresident biden, he spoke to one of the largest latino political organizations today. what he had to say. take a look.