but in quiet deer trail, colorado, one courageous patriot named phil steel is fighting back. >> what i'm protesting are the principleses of freedom on which this nation is founded. who i am protecting is every american citizen. >> and how will he protect us these flying deaths. >> philip steel is a difference maker. >> deer trail is known for many things. >> deer trail, colorado, is known for its home of the first rodeo. >> it had a rodeo, the first rodeo. >> this town is known as the world's first rodeo. >> okay, just one thing. but now it's known for phil steel, a man famous for shooting for the stars. >> a lot of people just think he's -- >> i'm sorry, a what. >> if everything is going good somebody throws a turd in the pot to get people talking about it. >> and deer trail's latest talk of the turd is an ordinance that phil submitted to the town council. >> i wrote an ordinance to protect and defend the sovereign airspace of the town of deer trail, colorado from drones. >> here's how it works. >> we're going to issue drone hunting licenses and shoot down drones. we're going to-- t

i'm joined by the tenant all but jen's w steel which is india's largest private steel may get some giant intel. thank you for speaking to us and welcome to the program special. seeing that said seal was often seen as a girl miss toh o'brien economies. i think less about your business would see on this of note for the last oh i would stay since the beginning of this fiscal year of each be stocking it of the month for steel has being known subdued. normally indio. india is so the steam clueless though one point one times so the gdp growth. but this year i think the growing the food list and that the costs of. leak on me is kind of school and new products are not happening new building sum up not coming up. seb is this a lot of fun of them would be in india at the moment beaches little bit of subdue and investments are not forthcoming. what does that mean for you what business are you holding back when it comes to investments are you in a little bit of a wait and see mode. so um of it and there has been a lot of a foot from the garment two to the stock to kick start the climb the beach has

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

he spoke from the steel. there are some signs shows that assumed that both tries this season the neck of the trust continue on and that's especially it seems the best team not going to fulfill its promise as so and he said that effect then it is about finding the future. at that as it's not going to a piece this sentence it is a hot pan on a date. dahlia new deal at posts and comments will step team and it will take some madness may be stopped in false names of the steel sony can see here inside the lungs to the seas there is sense the more i've to give him anything to further appreciate your analysis there from terror on what you know the postponement in the writing capital. well there are of course the world powers and iran. looking optimistically at what has been achieved in geneva. at the same time however it is well has denounced the deal saying it for the last hopes what it describes as tehran's disputed nuclear weapons capability. prime minister benjamin netanyahu says is well is not bound by the deal

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

it provides steel mostly for fuel-efficient cars as well. another item that benefits the president's strengths. obviously, he's mostly on the defensive right now. we saw him in a way we haven't seen this president through the course of his presidency as it's been described by a lot of analysts. this is a crisis this president hasn't experienced before, not just because of the challenges with the law but really the questions about the president's competency and leadership, all things he's trying to head off going forward. >> all right. peter alexander at the white house. thanks so much. and to help break this down, we have josh barro. josh, we just heard peter break down the president's plan to allow insurers the option to offer current plans through 2014, but insurers will be forced to inform those patients exactly what is lacking. it sounds to me an awful lot like what house republicans have offered up, led by congressman fred upton. the only difference being outsiders could also opt in. so help us understand the difference. >> right. there

steel among top picks. steve weiss, as far as i know you've been a long-term bear on the steel space, yes? >> i have. i haven't been involved in it for probably six months to a year. but i did go out and buy peabody, btu, walter, last we. i bought more this morning. they're the most leveraged to steel. it's a chicken way to play it. steel capacity's not cut meaningfully. coal capacity is, they're met coal. i like the stocks. i think it's going to higher. >> i have you and grasso down on the floor in my ear, you know, about -- >> i think he was loving aks at 7. >> we'll have to have grasso get in on one of the days. anybody buying with goldman. >> i think the turnaround story's there, manufacturing figure globally look good. names over the last two weeks have been performing well. >> is that the problem? >> they've been performing well. when you look at names and peabody and look at u.s. steel, move it's made, have they missed it? goldman's off on the name. >> let's plea give you a name, going obeyond ak ste

. >>> most homeowners want stainless steel appliance. a year later they start to rust. john matarese vasts this -- investigate. >> reporter: remember when stainless steel started showing up. but now more are complaining about rusting stainless finishes. mary rust is used to seeing the word rust as it's her last name but not used to seeing it on her almost new refrigerator. >> a little here and some here and some down here. >> reporter: months after buying the $1200 fridge, mary found core progs spots eye said it's 10 months old and it's stainless steel. >> reporter: turns out rust and corrosion are excluded under warranty. so we contacted may tag. they promised to look into the complaint. many appliance brands, not just may tag, are facing rust complaints. why? engineering professors said some of today's stainless steel has less nickel in it due to reising prices. >> the past three, four years, the price is going up. >> reporter: that's why magnets now stick to a lot of nur stainless appliances unlike the older pot lid where it won't stick. less nickel and less chrome y

it's not just steel. - yeah, it's all.redominately black steel, but yeah, we do everything. - and did i read correctly that there was a mr. russel, and he was in the 18th century in montreal? he was from scotland. this company is over 200 years old. - yeah, he was a dry goods seller in montreal, and then his son archie, in the early 1800s - or, that was late 1800s - moved it into the steel processing, so it does go back to 200 years. - and when we think of distributors, again, it's the kind of thing we overlook, and they're huge; i mean, you're in the billions. we think, therefore, huge, huge warehouses, huge trucks fleets; i mean, everything is huge. yet at the same time, you seem to want to become more nimble, and yourself, you're facilitating just on time, but you want to be like that too, in other words. i think of a distributor as a nice, big, full warehouse where they never run out, and that's why you go to them, but that's not the game anymore. - no. inventory turns are a focus of everybody, and certainly we have sm

naming us steel and ak steel. >> i love all of the colors. but going back to u.s. steel and the steels in general, i would be concern ed i would be taking profits in this. >> look at aa. become much more involved in places where technology and some of these other guys have been. this has been to new 52 week highs. the deal is real. this is a charlt you should look at. >> two red flags being raised. they are our calls of the day. the first one market technician advising buyers to be aware. highest level since 2008. and a market pull back could be, in fact, around the corner. >> what he is say something that you're seeing price reversals. sales that are powerful on a daily and weekly basis. at a min numb you will see underperformance. the dough will make three or four consecutive highs. he's not saying the end is in. we will see where china goes. >> you have been raising the red flag. >> yeah. i think you need to be a little concerned here. the way you trade this, you take a look at iwm, 110.82, look for a reversal there. if you get a reversal you might be able to sh

it's not just steel. - yeah, it's all.e're predominately black steel, but yeah, we do everything. - and did i read correctly that there was a mr. russel, and he was in the 18th century in montreal? he was from scotland. this company is over 200 years old. - yeah, he was a dry goods seller in montreal, and then his son archie, in the early 1800s - or, that was late 1800s - moved it into the steel processing, so it does go back to 200 years. - and when we think of distributors, again, it's the kind of thing we overlook, and they're huge; i mean, you're in the billions. we think, therefore, huge, huge warehouses, huge trucks fleets; i mean, everything is huge. yet at the same time, you seem to want to become more nimble, and yourself, you're facilitating just on time, but you want to be like that too, in other words. i think of a distributor as a nice, big, full warehouse where they never run out, and that's why you go to them, but that's not the game anymore. - no. inventory turns are a focus of everybody, and certainly we h

i'm not at all surprised that steel sold off. that's not a-typical. >> if we think it's going to be more transparent and the data is actually going to be more true than what we have seen there, that has been speculation that we have not seen real data coming out of china. >> i have owned the coal stocks for a while and the steel stocks for a while. i will try to hold them to the best of my ability. it is abundantly clear where one is wrong. over the course of the last six, seven, eight, nine months. looks to me like a bull market that is just beginning. >> den nis, great to see you. guy, you have been on the steel trade for quite sometime. do you agree with den nis that there is more to go? >> you are talking about trading these now. and for me, price trumps everything. the way that steel stocks go, then subsequently morgan stanly didn't trade particularly well. we said 27, 28 would be level of resistance. i think we found it. i would look to take profits. >> coming up next, the value of one currency has jumped more than 60 times

and we will probably add more metrics and we have the different steel castings that were in progress and right now we have 12 that are complete and four of those 12 are in the machining process. and the transbay team is flying to kansas next week to do the architectal review and look at these first four and the first article of the first four that are ready. and there is a good photo of the louisiana foundry, and for it was a contractor working for web core and this is in the rough form and it will get cleaned up and the machine and . it gives you a good size of the cast notes and this is type 71 and 72 that are ready for us and these are the priority castings and all are schedule in a priority. (clapping) >> are you a parents that's unemployed and struggling to pay child support we have teamed up and positions ourself to offer an opportunity for permanent employment. for more information callout. >> hi, i'm japanese with the san francisco public utilities combination sometime people call me sewer girl our systems has served the area for 1 hundred and 50 years we're planning you unde

steel is steel. we have steel, we have gold, let's call it entertainment, internet and auto.ation. ford and u.s. steel. sounds like 1967, doesn't it? okay. let's go to robert in my current home state of new jersey. robert? >> caller: hello, jim. a big boo-yah to you from new jersey. >> oh, man. i remember when it used to be called something else. go ahead. remember? it was like levittown. >> yeah, yeah. it was levittown. now it's sounds better. what's up? >> caller: boeing, halliburton, precisioncasting parts, starbucks, and noodles & company. >> oh, man, a little something old, new. starbucks pays $2.76 billion to kraft and it goes higher. my kind of stock. noodles, the quarter was better than expected, remember that 15% in colorado with the floods. halliburton, they have great gain. the oil service company. boeing, jim mcnerney. you want to bet against him? uh-oh. precisioncast parts. that make parts for boeing. so we're going yeah, have to make a change. what do we do when we make a change? who do we summon? what do we bring? bristol-myers. that's right. well need a drug c

steel triding higher today.as been all over this since june. >> now might be the time to get interested again. >> u.s. steel seems to be finally off of that 17, $18 flr. >> that is exactly what is happening. they are finally playing catch up. >> now if you had listened to guy you would have cashed in on that trade. u.s. steel is up 52% since that first call back in june. >> tim was saying it too. everybody hated steel over the summer. these things were going to zero. now is the time where could u.s. steel go to $30? maybe. but it's a lot later in the trade. >> great call. and look at the correlation. it's a similar chart but steel is the place you have the most skeptical true demand. i think that was the opportunity. might be about to end. it is having the most negative impact. and companies impact is based on the performance. shares of apple are down about 2%. it's a heated race for the top spot this year. google and microsoft are neck and neck. each adding 10 points to the index so far. should you be investing

. >> so it's t road the steel and concrete in theoad and -- >> exactly. it'sll theconcrete, the rebar in the concrete,nd the steel floor beams tt were holng up the upp deck. >> how do you keep that from not falling into t bay below? i know you are restricting sp traffic undernooet, b how do you keep thosmaterials from not falling in? >> crewsave been doingaw cutting. they've be busy cutting lines in the upper deck, basically cutting slabs, so when they start doing wh they do today, itomes out in neater, you know, sections. you've got the bottom deck to that debris contament system, it's basally theatch basin so if there's a concrete, any bits of steel do fall to t bottom deck, they're caught and easilyoved on to a tru and hauledff site. >>he idea is you cut the canalever intwo. that happens next year. you can finish the bike path on new bay bridge, and work your y east. >> is it harder to put up bridge or take down a bridge? ll, you know, it's differentinds of hard. it'sifferent kinds of complex. obviously, you know, we just built e of the world's most st

and we will probably add more metrics and we have the different steel castings that were in progress and right now we have 12 that are complete and four of those 12 are in the machining process. and the transbay team is flying to kansas next week to do the architectal review and look at these first four and the first article of the first four that are ready. and there is a good photo of the louisiana foundry, and for it was a contractor working for web core and this is in the rough form and it will get cleaned up and the machine and . it gives you a good size of the cast notes and this is type 71 and 72 that are ready for us and these are the priority castings and all are schedule in a priority. utility relocation work ongoing on mission street and a very congestived street and we work closely with the pg&e and the contractors to overcome the challenges down there. and there is a continuous tracking, and not, much of a change since last met. remaining balance is still the same. the bay area regional labor break down. you see the numbers? and then the labor break down to the october 2

steel and ak steel have been on a tear in the past few months.wo of our traders say that now is the time to sell. it's our trade of the day. guy and grasso, why sell now? >> i just think now euphoria is back in the name. you have to buy these at the trough. you have to sell when everybody is positive. that's what's going on. >> we'll go straight to the final trade. you can start off going around the horn. >> yahoo. bif. >> okay. bk. >> i like dxj, time to get back in. >> guy. >> kar. >> josh? >> i like ecl, it goes much higher. >> that does it for us, you can catch more fast money on monday 5:00 p.m. eastern and options action with melissa lee live from the new york stock exchange begins right after this break. have a great weekend, everybody. [ male announcer ] at optionsxpress, our clients really appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail.

chinese steel companies huge profit producing steel bars over now the product of the over produced and are slowing demand. accompanied by overcapacity in china steel industry. our prices have already dropped back to the same level for two decades ago. currently the average price of steel bars and three thousand seven hundred yuan. but think under ten dollars per tonne. it's a continuous dollars per tonne higher than the car. that air pollution has forced to come these two got more eco friendly fuel making equipment. it estimated the actual cost of fuel production. i'll be twenty five dollars per tonne. and of the two companies illegally eight us dollars per tonne. too cold out of the all china federation of industry and commerce showed that during the first half of the year nearly fifty percent on the two companies were losing money. with the continuously rising labor costs. the future of china co company is still far from optimistic. don't go and get on that money matters what time the housing for rich people station. pregnant on our marriage and the road to two dollars to the average

the bridge is supported by a steel structure encased in reinforcing layers of concrete. 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 1870 degrees and the steel porter 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 heat,

can you see the high strength post tension steel cables.he frames get rid of the energy by rock and deforming. civil engineer david marr owns a company, that build the orinda, california if city hall. you can see how the rocking frames are built into the are foundation. >> these cables are the spring and at the base are the steel angle is that shosh the energy. they work together creating the dynamic system of the building. >> how safe is this building? >> meant to be 25, this 30% stronger than an ordinary building. >> safer than your own house? >> yes, absolutely. >> so the future looks bright and safe in earthquake country. if they can build a safe bridge in the middle of two faults, the safe. >> do you see a day when all new buildings and structures would implement some of this new technology? >> we hope. you would think in cities when a big earthquake comes it would be an inconvenience, rather than a disaster and this rock frame is part of the technology. >> very interesting. what about a place like bolivia where you come from and there

person kim and mayor lee and leader pelosi., and so that was an mrirment and we also were awarded the steel contract and this month, we put out to bid, the current loft and skylights and so we are starting to move quickly now on all of the work that needs to happen to bring the station above ground and i want to let the board and the public know that we received a complimentary report from the federal railroad administration and because we are receiveding 400 million from them, they over see the pro-yekt and came and reviewed all of our records and found that we were in compliance with all of the rewards, and we submit everything in a timely manner free of errors and moving forward on schedule as projected and they listed us as being a project that they want to hold up as a national standard and model and some of the things that they mentioned was the accident work that we do on the document control and the use of technology and ben 360 probably monitor the ground movement and how we out reach to students and veterans and all of the educational tours that we conduct and the quality assuranc

steel or any other companies

during the steel crisis the conflict with the steel executives they turned loose the fbi and the irsnd for those steel executives and there was the account of a dinner that jack and bobby were at with some of the people and somebody joked and said well bobby really put the squeeze on these guys with the irs and the fbi and kennedy said, oh bobby would never do that. so inclined to say of course he did. but again the cold war, life and death. he was determined to do what he needs to do to defend the country. >> we saw the cia excesses and attempted assassinations that led to the church commission as well. >> jeff we will never know, i don't think we will ever know whether bobby and the president knew about castro assassination plots. schlesinger, arthur schlesinger was of course a great defender of kennedy and he said oh he didn't know the cia went wild and i don't know that's true. maybe the president didn't know what did he call the? deniability, plausible deniability and maybe bobby knew and that i don't know. there are things there that we will never find out and they don't want y

. >> hello, i have been watching the first lady's series on c-span and it is an aspect about steel, steel magnolias, steel and the women, and i now wonder if you could comment on this. >> in case you're not familiar, c-span is doing a series on the first ladies lady's and we just kicked off our second season and last week was william howard taft and the steel magnolia aspect, i think it calls into question. >> and my second book i do profiles of the first ladies and they are the unpaid heroines of this country and they are ambassadors for our country and they have done so much to improve the quality of life, whether it is to say know that nancy reagan dead, whether it is the literacy that barbara bush said, and good habits for children, laura bush has done so much to help women in the countries where they are not go partners and i think i first ladies also help women and they were the honorary cochair and vital voices were we bring in the women who have stood up to regimes that have suppressed women and we honor them and we encourage them to keep making their contributions to their countr

the concrete doesn't require much space between the floors as a steel building does.d be cheaper. yes, more space, less money, great idea. ♪ ♪ >> we know that right now there are things happening in power, with sewer, with water that are not always proven technologies, but they're things that are enough proven you should take a bit of a risk and you should show others it can be done. >> we're showing the world, suddenly had wind turbines which they didn't have before. so, our team realizing that time would change, and realizing where the opportunities were today, we said, you know what, we started out as really something to control wind as an asset, when you combine today's technology becomes something entirely different. >> wind turbines in an urban environment is a relatively new concept. there are a few buildings in other major cities where they have installed wind turbines on the roof. and wind turbines in buildings are effective. >> the discussion was do we do that or not? and the answer was, of course. if they're not perfect yet, they're building a building that

a lot of apartment buildings. >> those are mostly steel framed buildings. in the 50's and 60's, they wanted to create open floor spaces and they went to concrete spaces and thought it was great until the san fernando earthquake and the earthquake came and the building disappeared. they said, oops and changed the code immediately. >> we look at it and say, it didn't do what we thought. the codes are rarely perspective. how can we make that happen? they wait for a catastrophe and then change it >> just to clarify. we don't have instrumentation to record the shaking and to do a computer simulation is difficult to do without the data. we only learn through events. not all the records we have are indicative of how every earthquake shaking event will be like. >> we have recently amended the code to have instruments in them so we can record and how much the earth has moved. that's terrific. not many existing buildings are instrumented. one the things we will look at, at the caps program is to retrofit them. we can look at other after earthquakes. it had similar ty

is coming up and the next big mild stone will be start of the super structure and the start of the steel in 2014 and the casting contractor, and the steel contractor working wither hard to make those deadlines. and the milestone schedules, and no big, changes there, again, the near term big target is that july 14th, started the steel erection, and we already, made the first map pour in the beginning of september and we continue to work through these base line milestones. the dse time line, looking for them to be done with the job with the exception of their responsibility to come back and remove the bracing and do the rebracing work, but the actual digging on the project and the micropiles and the mud slabs should be completed in the first quarter of next year. the big progress has been made in getting through the horizontal and starting the water proof and getting the foundations poured and moving along and we now have four pours with a fifth one this week expend this shows three of them. there was a fourth made, late weekend, and the green areas are the completed slab pours and the blu

the steel make it colluded with brussels the same time prices for reynolds when switching between two best one and two thousand and eleven. already pays at least two hundred million years in fines for price collusion. along with other members of a car. what does he hold has been watching the reaction to last on the mark is she sentences find out perfect. one simple with one bag. chairman steele egotistical finally made some progress to sell its us unit but the company has to keep its loss making brazilian steel make a way to understand sushi as well worst performance in the dax the german market didn't move that much say this is a pretty relaxed into buying the shares after reaching new all time high heel waiting for it to accept christ. she is so freaking cool made to perform very well the company is planning an ipo of its russian units which promises much needed money. total silence and lack of numbers into more detail than forty eight starting off in french that when the dax. ended the day it very slightly to tear a tree the sox fifteen supreme up slightly to the downside. in new y

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.