if we modernize our steel mills, we can compete with any steel company in the world.e a somewhat smaller, but more efficient, more productive steel industry than we've had in the last 20 years. people in the steel industry, executives, say, "we can't compete." i don't care what reason they give-- lower labor costs, better technology-- that's not important. we can compete. we have all the elements in this country to compete with foreign countries. we have to dedicate ourselves to doing it. the american steel industry assumed it was strong enough to sail through the market's storm warnings. it almost foundered. nucor and other minimills paid attention to the signs and used new technology and creative management to follow the market's beacon to higher profits. what kept nucor on the right course when its competitors lost the way? we asked richard gill. one of the most interesting things about markets is that they can produce the unexpected. they can stimulate innovations. the introduction of minimills in the steel industry was such an unexpected innovation. the supply an

cites aobertson himself river of steel flowing. these are evidence of temperatures exceeding 2800 degrees fahrenheit. office fires can't even get to 1000 degrees short of that. we have a serious problem. story,he official evidence of walton iron -- molten iron documented by fema itself in the first report. may of 2002. which documents hot sulfur corrosion. author of that report said the ends of the beams were partially evaporated. that takes 4000 degree temperatures. the only thing we are aware of that can create that is thermite. it's an incendiary a used by the military to cut through steel like a hot knife through butter. this is why we have to have a real investigation that looks at havevidence that they rejected from the report after they came in in 2004 and threw away the fema report. the national institute of standards and technology? guest: that is correct. host: you're talking about their report. you question the falling of building seven. are you questioning how the twin towers fell as well? guest: there are very serious

this is shots fromlet steel fabricators, some of the transfer girders. this is a cast note having connections on to it and it's wraped in blankets to preheat it for the welding and the fabrication we have done well keeping up on that and almost now almost 170 cast nodes -- i think it's 170. i have to do the math quick. cast nodes in the delivery, about halfway through so we're looking to finish that up. more cast node shots in the inspect

steel and other u.s.eel companies say that their foreign competitors in korea and india under large markets are price dumping those products in the u.s. in an effort to undersell u.s. industry and gain an advantage in a market that is really growing. responsible for making the ultimate decision as to whether these foreign steel companies are indeed dumping their products in the u.s. at subsidized cost? are two industries that have a say. the u.s. commerce department and the international trade commission. it is an administrative process. the commerce department will send investigators overseas to factories to investigate whether there is a legal pricing schemes or illegal subsidies and if they find out there are, they will calculate a margin of tariffs to of sent any advantage. the role is to determine whether or not the u.s. industry has been injured by those imports. if it finds that they are which in case they did, then those duties are imposed u.s. customs authorities. get i'm wondering if you can you

structure steel bids. there was one bid substantially over budget and we elected to rebid it and it took time and incurred a three month delay to the project however we worked with tjpa to work in the purchase order than the package and we mitigated that delay. we did invoicing and recovery measures for the concrete package. that has been mitigated and could have been a five month delay. we have received approval for a water proofing substitution and that's actually approved project for the project and in the best interest of the project to do that and we mitigated a potential two month delay in the process of doing that as well. we in conjunction with tjpa implemented a strategy for the caltrans plus a plus b where the bidders bid to schedule as well as the cost of the project. as it turned out the low bidder presented a schedule that was a year less than what we previously scheduled so that improved the schedule for the bus ramps by a one year period. we have implemented a number of lodging changes and s

during a lunch break, steele extracted a plastic shank from his anal cavity. when he returned to the courtroom, he attacked chief deputy district attorney a.j. salazar. >> i remember i was wearing a white shirt, my tie was off to the side, and i looked and there was a hole in my shirt and i was bleeding. i was at the mnch room. it took several blood tests and i remember picking up the blood result and i looked for hiv, hepatitis, negative, hiv, negative. i was look, all right. i'll go ahead and take that. >> we asked steele for his version of the story and despite all the witnesses, he claimed absolute innocence. >> they claim i stabbed him in front of the court and jury and acted as 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 answer that same question? >> so you're denying this whole thing ever took place? >> i'm denying i had anything to do with it. >> was this d.a. stabbed? >> according to court documents and papers. >> what was the evidence

we told the steel industry that a fully-mobilized united states would need more steel.hey said, "you're crazy! "we've gone through a decade with phenomenal portions of our steel capacity idle." during the depression, the american steel industry limped along at 20% of its capacity. by 1941, the mills were working overtime, pouring out steel for tanks, guns, and planes. we would need new steel mills, open new factories, create new jobs. the american economy had gone to war. the japanese attack on pearl harbor brought america into the shooting war. americans left their homes and jobs to fight overseas. still the explosive economic growth continued. everybody that could work worked. young people worked. wives moved into the labor force. older people didn't retire early. the result was that your productive capability expanded very, very rapidly. our production was so phenomenally higher by 1944 than what it had been in 1939, that the per-capita consumption was very high. still over 40% of the total production of this country, some 42-43% at peak, went totally to the military

the overall design changed to a lighter and transparent design with glass panels and steel frames and rails and the primary entrance of the east wing is no longer obstructed and now through a new entrance and set of stairs. based on the drawing reports andesite -- site visit, the proposed project meets the standard for provision of article 11 for the following reasons. the proposed project will be compatible with the historic materials features , size and scale and program and will be compatible with the character of the existing building and property. the design of the doors, ramp and stair assembly and gate draws upon the patterns and materials of the building but will be constructed using modern materials and recognized as a physical record of time and use and the proposed project will limit removal of distinctive material. additionally the new element are all reversible and will not damage the historical property or the building. based on these finding. the department recommends approval with the following conditions. the following shall require review and approval by the planning

>> nobody likes steel. we like steel. >> it's a change in sentiment. sentiment for the last couple years has been incredibly negative and underperformed relative to the s&p. it re-rates higher now. >> the short interest in these stocks is still incredibly high relative to the rest of the s&p. so i don't think we've come that far on steel. it's still fairly weighted. >>> coming up, if it seems like the cost of everything is going up, that's because it is. why the price of everything from running shoes to groceries is on the rise. and the trades you can make to profit off the shift. >>> you may think you know the "halftime" team. you may think you do, but there is a lot more than meets the eye. we're just minutes away from our special series that takes you off the trading desk and into the lives of the "halftime" team. you have been warned. "halftime" will be right back. and a choice. take 4 advil in a day or just 2 aleve for all day relief. honey, you did it! baby laughs! dovisit tripadvisor new york. with millions of reviews, tripadvisor makes any dest

market. >> what about steel prices right now?re you predicting and about the pricing power that you have? where do you have the most pricing power? tough in steel to have pricing power because there is so much competition. material costs are coming off, as we have all seen. steel prices are coming off much more slowly. margins that are actually expanding. there are three reasons for that. one is the world can now accept record chinese exports and it does not affect price. the second one is that china produces profits and environmental performance overgrowth. they are holding their margins up. steel companies have benefited from owning their own raw materials. now they have to get more margin out of steel. i would not say any company has pricing power. what i would say is that the macro effects of general steel margins are better than they have been in years. >> can we expect a dividend next year? >> for the first time in a long specificallyrd has referenced a dividend in their release. half the board indicated that a solid turnar

police say at the home they also found ashley steele, fatally shot and later discovered andrew steelethe laundry room with a handgun laying on the counter. >> andy was an absolutely amazing loving husband. never any indication of a problem. >> reporter: steele was arrested friday but has not yet been charged and is now being held at the county jail. the 16-year deputy retired in june after being diagnosed bory'sal cheappyightal o wem eep dcl lithcl asiiche aakand make the statement when question if this were to tria t adms hearsay le >> how about the shooter learned he was suffering from als. how does that play into the couy. had becomereonpcempw cte. for e it could helf astonsuffi that could have an impact on a judge but not as to guilt or innocence. >> okay, dan abrams, thanks very much. >>> all right, moving now to the new ref layings about that young ut f the s al jesse.n whoaccomp, >> reporter: did he not give his last name on purpose? sunday he's rich and famouley'snonock salem man. miley cyrus isn't happy tweeting, the media never fails to disappoint. tennalenj of shounntito ph

steel stocks will be strong. i think the issue is price gap between u.s. steel and china is significant giving the bears ammunition. the distributors are low. u.s. steel is guiding you to essentially a $in earnings. it gets you to 40 cents a stock. guys like ak and nucore do pretty well. it pains many eto say this i think the u.s. steel stocks are going to go higher. >> there is specific x-story items the analysts flag, it's also the car nelggy way, you know, cost savings. >> which we mentioned. u.s. steel, we talked about that. >> i remember. >> now, here's the stock, 25%, 30% higher. >> i think that's the way certain names are going higher. you need now non-residential to recover dramatically for someone like nucore, that's more than half their revenues to be a boost. it's hard to be selling short. >> mcdonald's serving a full men new in beijing after mcdonald's were forced to cut back on popular offerings. the mcdonald's saying it might not meet its sales forecast based on the coin supplier. this coming from an sec filing. >> they will announce those nu

steel plate was brought from eastern rolling mills.steel fabrication plant erected especially for this job near the dam site rolled and assembled nearly the three miles of pipe installed in the canyon wall tunnels. hoover dam's construction, fabrication of the pipe sections required special machinery and equipment. edges of the dimension pilates were shaped on a plagt machine to assure precision and accuracy civilian later steps in the manufacture. then they were bent on a giant press and rolled into circular form. one such plate equalled one-third of the complete s circumference of a pipe. three formed a ring 30 feet in diameter and 11 feet long. two of these rings joined, made up a section weighing 150 to 184 tons. a vertical lathe joined the edges. a train passing through one of the 30-foot sections reveals their comparative size. when they were ready to receive the pen stock a specially designed trailer hauled them down to the dam site. at the can yom rim a 150 ton cable way relieved the trailer of its burdens, swung the pipe secti

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

what does that say about a steel dynamics and u.s. steel? it says you've got to buy them. >> sarat, thanks for coming in. let's hit our trader blitz now. four trades on four stocks making news today. first up, target. announcing plans to keep more than 900 of its stores open later in hopes of drawing more customers. jim, is that going to work? >> i think you're supposed to hold target. i think you're supposed to own it. if you don't own it, buy it. first off, it's trading at 15 times next year's earnings for a company of this quality. and i know people are going to say what quality with the data breach. that was last year's news, folks. at this price, you're supposed to own target. it's got a good dividend yield. and the consumer is picking up. all this talk we're having about autos gives a lot of credibility to that statement. >> all right. steph, a lot of people you know are holding some ge stock somewhere within their investment portfolios. >> yes. and we own it, too. >> credit suisse goes to outperform. talk to me. >> yeah. so yeah, it's

steele said his friend said he did that in honor of robin williams.e in san francisco, wayne freedman, abc 7 news. >> all right. what a powerful comment from his friend. thank you very much. >>> a stanford woman has won a top math prize called the fields medal, an award made famous in "goodwill hunting the". >> you follow around the fields medal. it's about my medal, isn't it? oh, god, i can go home and get it for you. i knew you before you were a math mematical god. >> who can forget that scene? powerful bit of acting. today stanford professor miriam became the first woman to ever win the fields medal of the the fields medal is even referred to as the nobel prize of man. she is noted for her work in geometry and understanding the symmetry of curved surfaces. she joins stanford's faculty in 2008. born and raised in iran. >> congratulations to her. that's huge. >>> tax season. it's over but that has not stopped an irs scam sweeping the nation for months. the. >> complaints are still pouring into the irs about this. >> we told but this weeks and weeks a

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

frame to support the upper floor. >> so potentially the wood and steel that sound like a straightforward process takes our odds of collapse from one in 4 to one in thirty. >> that's exactly right we're hoping people will move quickly and make this happen. >> great let's take a look at. >> so let's talk extremely frame talk about that. >> we have a extremely frame there are two of those and go up to the lower floor and a beam that goes 0 across that forms this it's a stiffer and stronger so during the quarter the upper floor won't clarion and according the engineers and contractors it could be done in two weeks time easy. >> if you're a property owner with questions about the soft story retrofit program signs up to this on august 11th from 3 to 5 at the main public library and the dbi staff will be there the deadline for applications t is september 15th. for more information thursday, july 24, 2014. i'd like to remind members of the

we are seeing a relatively weak market for steel in terms of steel prices and demand in certain countriesu have an talking about the slowdown in the economy. it has still managed to secure revenues to a certain degree. $6.8 billion and earnings before amortization up 17%. they say this is about asset optimization and efficiency. it is also about cutting debt. this is a company that was pretty acquisitive and brought assets in north america. they have been focused on reducing their debt burden. they were able to refinance recently with international financial institutions, socgen, ing, deutsche bank providing them with new loans. >> this was a big debate. a couple of keepers ran stories on this because of the sanctions and the issues in association with various russian [indiscernible] az has not been affected by sanctions. both bigof others, business, they have not been sanctioned. the will not expand into rabidly held steel sector. certainly citigroup has been saying. seven overdone so a company that is able to cut debt is looking has plantsit already in south america and north america. i

that happens very often as we buy steel. to make the body of the vehicles. >> well then you don't need specificications. with all respect -- no. >> but what you just answered is gobbledygoop. it's your own specificication. it's your company's specificications. if a part doesn't meet the specificication why in the world would you not refuse it and only accept the part that meets the specificications? >> there needs to be a well-documented process if you accept a part that doesn't meet the original specificications. >> would the gentleman yield? >> briefly. >> do you have that information? >> on steel? >> no. on starters. >> on the ignition switch? >> if it didn't meet specificications do you have the information on these starters that it met all those other criteria? >> that is part of the investigation. but clearly the fact that we made a recall it did not meet the performance. >> we have the advantage as a subcommittee that we know now what happened in the past. we know now that there is a real problem. we know now that a n

we're standing in an exhibition called "steel, stone, and backbone" which is an introductory way that we explain to our visitors how the subway system was built. if you step this way you'll see some interesting facts about new york at the turn of the century. that's a picture of new york on the lower east side, where both business, residential, and all the population was concentrated when the subway system was about to be built. if you take a look at this here, which shows you the population in new york city, these red dots indicate where population was most concentrated and it's all concentrated below 14th street in manhattan. so if you lived and worked, which most people had to, on the lower east side, you couldn't move. the streets were filled with horses, they were filled with horse excrement, they were filled with people, tenement buildings, with really bad, unsanitary, terrible conditions. but this is where people had to live and work, because there was no way to go and live somewhere else and get into the city to go to work, as we have now. so eventually, finally, it took a lon

steel producers. do you think you can close without making a sale of that business? theoretically, anything is possible. we are not ready to make specific comments. >> ok. let's wrap up with a conversation about your business and how ucf. you are a business that has footprints in many places. it much of a handicap is being russian? how much more difficult doesn't make life for you as the cfo of ? steel company how much tougher is it to get the job done? >> first of all, i would say that by being russian, first of plc the company is a u.k. and listed in london. company.e a u.k. about two thirds of assets are in -- are in the former soviet union and the ukraine. with the rest, they are mostly in north america and some are in south africa. so, i would not exactly call russian.all that yes, the majority of the operations are here. in terms of doing business, again, my main day-to-day concern is managing our debt and financing to make sure that we had the liquidity and the financial stability to operate. b

we will speak to jonathan steele of the guardian. in 100 45 people are arrested outside the white house. to stopt obama deportations and come up with a good plan for everybody, for everybody, not just for a few over here in a few over there. take the reins and come up with a plan. yes or no. as congress fails to act on immigration, will president obama take executive action? we will speak to congressmember luis gutiÉrrez in chicago. "war comes home." >> don't move1 don't move! >> we will look at a report on of americanzation policing. police departments not only in ferguson, missouri, but cities around the country are now resembling military units armed wars inpons back from iraq and afghanistan. all of that and more coming up. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. tensions continue to mount between the u.s. and russia over alleged russian military operations inside ukraine. on thursday, nato released satellite images that says show russian artillery, vehicles, and troops in and around e

imagine if 84 tons of chinese steel moved in next to your house.ing? >> yeah, this is going to be an apartment building. >> wow, man. hey, doc, did you hear what they're putting up? they're putting up shipping containers. >> reporter: that's right. shipping containers that once carried everything from bananas to ipads across oceans now making waves in an historic part of the nation's capital. lowering down the 18th. final shipping container. six tons of steel will become somebody's apartment. there will be 24 bedrooms filling four floors. each its own rental unit. use your imagination to see floor to ceiling windows, natural wood interiors and a common room in the middle for dining and relaxing. before they're complete, the building is fully leased and people clamoring for the chance to move in next. this thing really stands out here on the block. next to these historic d.c. homes. >> intentionally so. and i think that is a wonderful observation. it is not an eyesore. that is in the eye of the beholder. of course. so here you have the 19th century.

no more mass and we saw in 1984 more structure destruction where we're ryan white this by adding a steel frame typically you want to brass in both directions and see how strong the building is. >> we've adapted a thirty year implementation program i worry about that was a retrofit requirement this is what we do to mitigate the shom and have's evacuation for the people and our partners. i had questions about what kind of professionals are involved in this i want to start to put together a team of people to help me get through this. i'm a structural engineer and i'm thrilled at the quality of the contractors and engineers >> we've taken one civic awesome and put all the vendors in one place. >> you have financing and engineers and contractor and they come here and every we're rebuilding are that the office of the city of administer and the depth thought i environment and other partners. >> all those things one little piece of a resilient piece of - >> and i felt more positive about things i thought about how to pay for this. >> we didn't want to have one financing option it didn't work. >>

stainless steel hand holds. these round sort of funky porthole windows. of these modern elements to the car. this car train ran as a year.ype for about a and then they opted not to go ahead and build the car in to specs. so this is really a rare vehicle that we're standing in now. was never s car built. so there are only one or two of these cars left. right here in the transit museum. so it's an interesting attempt at modernization that ultimately in a different direction as the technology for car building changed over the years. car was built in 1961. and you can again see some of car, the nts from that future experimental car. and, again, fluorescent lights, ventilation systems, the aluminum hand holds, so you can see some of the elements from carry over. but the seat configuration is different. the seats are made of fiberglass. so they're not made of rattan anymore. hey're much more utilitarian looking. that i. >>er not quite as comfy and cozy the older carsom from the earlier years. my guess is more of the to do with the propulsion of the car and the

well, hailey's clubs are straight steel and the club used as the lightning rod was steel, too, but the head must have had a titanium alloy in it. well, just because thmurder weapon didn't come out of hailey's bag, doest mean that she didn't get a club from somewhere else. yeah, but we still have to put her at the scene. that's why i asked to have all their laundry brought in. i'm hoping the evidence hasn't been washed away. what are you looking for, copper sulfate? i am looking for anything. if you want to grab a magnifier and give me a hand, it'd be great. are the parents' clothes in here, too? probably. i asked for everything. look at this. there's a serrated edge on the fabric. and there's blood on the leg. what do you think that means? and there's blooi think this on the leg. proves everything. so, are we good here? not exactly. take off your shoes, please. there you go. i've had those for a couple of years. they're probably caked in sand and salt, you know. maybe some deck sealant. that the kind of thing you're looking for? what's that? it's a magnet. what did you find? what is th

work at bang" is up next with erik schatzker and alix steel. makers" is up next with erik schatzker and alix steel. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> hackers attack jpmorgan. stealing gigabytes of customer data. fingerprints may point to russia. >> who says it is not easy being green? investors tapping into the market for clean energy bonds. >> pro football fever. we will see if anybody has fumbled? makers"watching "market on bloomberg television. i'm erik schatzker. >> i'm alix steel in for stephanie ruhle. >> i want to begin the show by introducing one of our favorite guests. he is the ceo of algebras and attachments -- algebras investments. is always worth reminding everybody how good of an investor you have been. year, equity up over 50% in credit. up 10% this year. love getting your perspective on banks. we are going to have it in a couple of moments. >> it is time for the newsfeed. the top business stories. a surprised upper revision in gdp figures. the