this steel plant can make money. there is a workforce in their second to none. >> this was almost regarded as a life vote. they seemed invincible. it seemed like a safe haven. you can't imagine anybody losing the capacity to make steel. >> we hope to speak to an analyst who will give us more perspective on that story. for now, we will check in with the markets. the steel shares jumped 7% on the indian stock exchange. in europe, investors are focused on the indication the u.s. federal reserve will take a more cautious route than previously expected in raising interest rates. investors have been worried about a more immediate raise after seeing quite a rally through the wednesday session. we will go back to our top story, it the announcement that kappa steel will close its u.k. operations. fish,l speak to peter from a consulting firm on the steel industry. thank you for joining us. it has been months of speculation about the future of tassa and its reddish plans. where does this leave the steel industry in the u.k.? >>

it will be bitter sweet for brian steele. a knee injury ended his playing career....but he's still making a contribution to the team. joe gorchow has that story. on the bench... instead of wearing a uniform. it's not how brian steele envisioned spending his senior year at usc. "broke my heart with the injury situation. he cares so much." steele's a student assistant coach for usc. knee problems ended his playing career after his junior season. steele: "really had a year to coach under my belt and i think that will help me as i graduate." martin: "it's given him some perspective there. he's been great. spends a lot of time with us watching film. and on the bench and in the the players." as freshman player... coach martin knew steele had the mental make up to be a solid contributor by the way he battled carolina's tough guy... michael carrera in practice. "michael's a guy not too many people want to dance with. brian didn't take a step back. it caught my eye that day and i never lost sight of that." steele's never lost focus on

>> obviously steel prices have recovered this quarter a little bit, which has given some relief to steel makers globally. but we still feel that the main problem is china. china has far too much capacity in steel and has to be cut substantially before any real recovery can happen in steel prices on the longer term. so i think that the problems that tata are experiencing are entirely due to overcapacity in china, which at the moment is not going to weigh. the chinese have indicated they wish to cut. they haven't done it yet. we wait to see what happens going forward. of course, any rise in steel prolongs that agony because maybe there's a chance of having a recovery. >> and we talk about potential sales here that tata could be looking at. they say they're writing down the value to zero. the book value, that is. doesn't it argue to give some time for the rebound to kick in? >> tata obviously have some political issues. they've done a lot to keep that investment. i think they're at the end of the road now, as far as i can see. >> jeremy, thank you so much for joining us. head of global natu

the welding and steel will be done. structural steel will be done. other waterproofing roofing and closures of the building will be at least commenced because really the most were the larger milestones ashley and 2016 is getting to water tightness. very important milestone. especially for everything below the bust that. which includes waterproofing, placing, any kind of enclosure. it's very important. beginning the insulation of the w awning. that's right after our event early march by late march would start seeing panels hanging on the structure. so that's coming together. site utility the 12 service we insult another important mouse only have to hit by the interviewer is permanent power which is all tied to water tightness and permanent power to get us moving forward. that's why q3 is an important and q4 are very born highgate months in 2016 moore's "were doing up. by production rough in walls and continuing this out. bus ramp will essentially be done. from the standpoint. all the structures will be completed and probably be able to utilize it for

forcing th steel mafacturer to cut back. krdo newschannel 13's ily alaln is oking in the pa of the shutown. a spespepeon tellllme the seamle pipe un is going idle. itea the's a ance it could re-open. and both workers and businesses hope it does. nats- sods of the cafe in the shadows of the eel mills... nats -- sounds iide shines local favorite. 1 - 000015 we started in 1982 when the steel millstarted laying off. peopleold me the steel mills aren't going to make it. the ole town. but 34 years and i am gng sg thanks to them steel workers are the bread of estela's mill sto cafe. 000038ot as many a abefore, but their ki are coming now a a we appreciate that. owner r da mares doesest like hearing g of his customers s are out of a job. 1 - 00012 we hseent weave seen it all. c ctain units oso1o1o1, b bk. ose dodo, coack. but weweust ephangin t tre thbe we n. ts -- checkiki down the streetete past cottage ... luca ing thererwill b less mouths to feed at lunch. 3 000126 it's a littlecary for us, you know, this is a small family owned

iron ore is an essential component of steel.goes back to my fundamental point -- the chinese real estate market is looking to plateau within the next five years. as the chinese real estate market plateaus in the heart economy starts to slow down, we will see that through the steel prices and iron ore prices because they are the raw material. vonnie: you said in your report that since the beginning of the year, there seems to be a shift from sentiment to the more positive with things like copper and iron ore in steel. >> that's right, it could be that we are seeing a real turn and demand. we have not yet seen that evidence so we have seen the commodities rally are usually when they do, that's a sign of improving macro sentiment. it could be something we are not saying that we have not in that. automobiled production has been going down. we're not there yet. vonnie: thank you so much. still ahead, a big weekend in the presidential prop -- primaries. what it means for the big boats and the -- in michigan in the race for the white h

>> steel. very thick steel. >> but safe rooms aren't just to protect you from movie villains.r family safe from any type of danger -- tornado, hurricanes, intruders. and they could be a lot less elaborate and more affordable than you think. carl ludecke and his daughter, kristin beall young, build custom homes at charlie johnson's builder in central florida, and they offer an optional safe room built into every house. >> there are a lot of reasons that people would build a safe room, whether it be tornados, hurricanes, fire. here in central florida, of course, we have seen the devastation that comes with tornados, with hurricanes, and so many people in this area know families that have been impacted, people that have been killed, that have been hurt. >> but once the rooms are built, you'd never know. >> normally, it's integrated into either a bathroom that doesn't have windows, an interior bathroom, or most of the time it's actually a closet. once it's completed, it's drywalled and painted, et cetera, you would really never know that it was a safe room. >> and just like everyt

on hok lffs ve played a r r le in pulo's steel histy. a historian says the recent lay offs are almost a r reat tory...when the steel ll s call colorara fuel and on. now, the steelworker we spoke th says s are goin to be toh without his job at the mil eddie barela junior has morereime on his hands to compmpte his union's finances. nat sound. that because he's one of 70 re lai off at evraz. :14 sotjtjas shocked because you know we been struggling f f t t paststewths tryiyi to ruru he sass lifeilbe a alalal thout getting a paycheck at` the steel mill sot: it's stressful,ou obously gotta make ends meet fincially and everytytyt l le that. :33 3 stand up: the steel mill has had a a adory of y y y t tt go ck tthe colorado fuel d d ononononon so the seamless tube mill actually en october 95 and it was es tube mill west of e mississi steeorksksks er of f e we curator victoria miller says she cat speak for evraz, but c-f- and -i had more than 50 lay offs in its mo than n 100 year hiory. :58 sot: if they n't ha any neor a product of couruf theare n

supporting their steel industries. so capacity has collided with a collapse in worldwide demand for a range of commodities and products including steel and the result has been a 35% decline decline in steel prices in 2015. that is having a significant impact on our industry and on your stay. we have as you said taken 149 anti- dumping actions, 40 in in 2015 alone. as the highest rate of action in at least 14 years. that has contributed to the fact that steel imports are down 13% over the last year. we are going to continue to rigorously enforce our trade laws including taking advantage of some of the new tools that congress gave us with customs enforcement bill that the president signed last week. it's important to understand that domestic trade enforcement is an important part of the answer but coordination is also critical. u.s. imports represent only 10% of global exports and we need to be working together with other countries both steel importing countries who are dealing with the same issues our economy is as well

no, you need steel.ne of your specialties is the energy mix, the infrastructure is very topical. you talk a lot about the low atomic energy. a lot of headlines in the u.k. are dominated by what is happening at hinkley point. the confusion, what kind of investment is going to be made, whether these two reactors are going to be completed. what is your assessment of where that goes? is that really the heart of the energy story in the u.k. at the moment? really bigas been and crucial at the moment. but the thing the government didn't really importantly with say we need to be part of a nuclear future. so actually the announcement made in the budget about the moderate reactors, smaller and cheaper, not coming on fast but pretty fast, that is a very important part of the nuclear strategy. we do need a nuclear baseline of thinking. we needed to be affordable. and actually, hinckley point and edf have looked a little rough. that is why the government has made a very strong move that they want to see a competition

secretary, and this is a steel worker, mr. kelly. >> hi. nice to see you, and i'm a 47-year-old -- excuse me. i'm a 47-year-old laid off steel worker from lower merion, ind n indiana, and i have a wife, and two kids and a car and a house, and there are thousands of steel workers ready to lose everything because of the illegal dumping of foreign steel. >> right. >> and the federal government came out and helped the auto industry by giving out or giving them loans so they could keep running, and they also helped out the baking systems. my question to you is, do you think or doyou believe thatit is possible for the government to do the same for the steel industry, and if not, why? thank you. >> how long have you been laid off? >> since november, but i have friends that have been out since m march of 2015. >> well, i just finished speaking about this at the democratic party dinner. and i think that number one, we have to take much more aggressive action to stop the dumping. i believe that the dumping is illegal, and that we have to summon up t

vehicle, that is steel.ore is the essential component that goes into it. this goes back to my fundamental point. the chinese real market -- real estate market is looking to plateau in the next five years. as the heart economy starts to slow down, we will see that the threw two steel and iron ore prices. carol: steel is used all that was the s analyst at barclays talking earlier today. up, another while the weekend in primary politics. we look ahead to what is at stake tomorrow in michigan. and still to come, what it is like to be the ceo of a company when your stock dropped 40% in one day. ♪ carol: welcome back to "bloomberg markets." i'm carol massar. democrats and republicans are gearing up for tomorrow's michigan primary. a new poll shows donald trump leading in the state with 36%, ted cruz in second place with 23%, john kasich in third place with 21%. joining us to set the stage is a helical for in washington. talk about the new bowl. how significant is this? a solidly for donald trump in the republican

dozens o opeople c cld be without a job at evr steel mill. how the slow down theil and gas industry is causing layoff here e home. now le get oveveto james brown foa eck at your ening cocoe. nb i-25 from cimarron n n toto fontanarotslowing in that areaea crashes nb acaememvd. south of bijou st. and n rd. . m mlardrd dr313131utes ththugtown. more than nn hour r denver. 42 nutes totoueblo. for liveveafficoitio 24 on our webhannel at kktv.comom i'm james brow11 2s sraffic watch. you're watching kktv 11 news with diaderby, n wa, f meteologis bledso sam farnsworth with sports a james browowti traff. this is the steel city is s out to be mamangess eel ic memefer r bs evz anuncethey're utting the seamless pipet in pulololo ewewrepoerylr r r r jos use e om there now. kynow?w? dodianne the company says it's a combinatioof economic issues.s. thth's goingngo cost 70 peop their jobs. operation la ybut they aouhis week i is te suspipe ododoney s t tre's's been auge incrse of ststl imrtrtfrom foreign protocors and the u.s oil and gas drilling s enggggdg i

osha told us the timken steel corporation is among the worst of the worst. they're so bad, spokesperson scott allen says it's now in what's known as the severe violateddor enforcement program. a program for employers who refuse to fix serious safety violations. >> there's no reason for a worker to go to work and then not be able to come home in the evening, or lose a finger, or get electrocuted or something like that. >> osha safety records reveal just how dang ruts can be to work for timken steel. take a look at what we discovered. this list shows osha inspectors have conducted 13 separate investigations in just the last two years. they found more than 40 many stemming from serious incidents. last august, a fall where a worker dropped more than 40 feet from a crane. last may, 1,000 pounds of equipment fell on top of another worker. that same month another serious violation. an employee was exposed to nitrogen. but unlike kenny ray junior, he survived. >> it's simply unacceptable that this company continues to not protect their workers from workplace hazards

steel, the from tata indian steel giant.in global steel prices has forced it to consider selling its u.k. steel business which would hasten the demise of britain's already dying steel industry. the company said global oversupply in high manufacturing costs and rising exports mean trading conditions in the u.k. in europe have rapidly deteriorated and the company will consider all options for portfolio restructuring. the workers are trying to pressure the government to support the business. some are talking about taking it under temporary control. 7%a shares arising by nearly in indian trading and we are seeing the steelmakers higher in the u.s.. . global steelmakers are routing. the company last year closed plants and cut jobs in the u.k.. the main reason is chinese exports accounted for about half of global output. they surged to an all-time high last year. tata steel has decided to put its u.k. business up for sale. with the executive director and we asked him about the direction being vital to the company's future. >> over

i'm alix steel.of valeant pharmaceuticals fell 60%. major investors lost $5 billion. valeant's terrible tuesday. >> the drugmaker cut its forecast lower than what they predicted in december. what have we learned? >> this is one of the craziest things. they put out guidance earlier saying their main measures was going to be 6.2% -- $6.2 billion. then they said, oh, it is actually $6 billion. this is going very badly. mike peterson reassured everybody and in the time he has been on the telephone with analysts, the stocks fell more percentage points. things are getting weird. >> the approaching square coming out, saying the vice chairman is going to be on the board. they still say the underlying business franchises are worth multiples of what the current market price is now. when you hear things like that, how do you interpret that? >> i can interpret it that he is wrong and has been wrong. he is a very astute investor. but he has been wrong. two giants merged. >> star word shares are moving. the $76 pe

that is 20% and 11% of china's total coal and steel jobs. to revive growth, the government wants to move away from an export-oriented economy and invest in services. anchor: we are taking a look in the stearkts. shares had a blowout session on tuesday, but the mood isn't as upbeat today, although the s&p 500 has made it into negative territory in the past hour or so. we see the nasdaq and the dow jones pulling on a little bit of gains in the past hour or so. a report shows that private businesses in the u.s. added 214,000 jobs last month. that's a solid figure that is providing some support for wall street after some wobbling oil prices settled higher on wednesday which is helping out energy shares state side. in europe shall the major indices closed mixed with losing some esteem, auto stock helped and we also saw the european indices getting a little bit of a boost from asia after we saw the shanghai composite ending higher on wednesday, up more than 4%. let's bring you up to date with some other stories that we are watching for. a competit

alix steel: i am alix steel. stocks are in danger of snapping their winning streak. first loss inits march. says tesladrew james is back on track. she says the stock will june/zoom higher. it is national women's day. scarlet: we want to get a check on the market activity. julie: it was triggered after we got economic data out of china. we saw it spread around the globe. commodities got on board as well. all of that contributes. you will see what i'm talking about. it's bumping along your the bottom. it's not as low as we were when the s&p fell 1%. we have seen something of a tracking of oil prices. nonetheless, directionally both of them are taking a step lower at the same time. oil prices are up 3%. there was an attempt at a rally in oil, but it could not be sustained. energy shares are the worst performers, down 3%. some of the recent winners. those of the losing -- losers again. they helped lead a recent rally and now they are gone again. financials are competing. alix: you have a draw into the treasury market. everywhere.here and look at the 10 year note in the u

i'm alix steel.e continue our review of the week's top business news. a company that did not have a good week, in fact, one bad day. shares of valeant pharmaceuticals fell 60%. major investors lost $5 billion. let's look back at valeant's terrible tuesday. stephanie: we have to bring our eant.tion back to val the drugmaker cut its forecast lower than what they predicted in december. what have we learned? >> this is one of the craziest things. one thing that just happened on the call, they put out guidance earlier saying their main measure was going to be $6.2-6.5 billion. then they said, oh, it is actually $6 billion. the stock is almost -- this is going very badly. stephanie: what does that say about mike pearson? when he came back into the company, they do not come out with numbers because he said, we are not ready. they want to make sure the t's are dotted.and i's here they are, boom, a big mistake yet again. who is checking the spelling over there? >> i am at a loss for words. mike peterson reass

i'm alix steel.e continue our review of the week's top business news with a company that did not have a good week. in fact, in one bad day shares of valeant pharmaceuticals fell 60%. major investors lost $5 billion. let's look back at valeant's terrible tuesday. we have got to bring our attention back to valeant, shares plunging today after the drugmaker cut its 2016 forecast that is lower than what it predicted in december. what have we learned? >> this is one of the craziest things. one of the things that just happened on the call, they put out guidance earlier saying adjusted ebitda and then they put up a slide on the call and said, oh, it is actually $6 billion. they corrected their own release of guidance hours after issuing guidance. the stock is almost -- this is going very badly. stephanie: what does that say about mike pearson? when he came back into the company, they do not come out with numbers because he said, we are not ready. we want to be sure our teas are crossed and eyes are dotted.

i'm alix steel.s is "bloomberg best." a weekly review of the most important business news analysis, and interviews from , bloomberg television around the world. it has been a momentous week for monetary policy with rate decisions from the bank of japan, the u.s. federal reserve, and the bank of england. on the top headline was monday, disappointing data from china. >> the latest data from china likely to heed more pressure on the leadership as they try to meet this year's growth target of at least 6.5%. industrial output and retail sales both slowed in the january/february period. >> industrial output rising just 5.4%. that is below estimates and that suggest sluggishness in demand from abroad. thackeray deflation has persisted now for some 48 consecutive months. retail sales is a key barometer for the government for consumption trends. it climbed 10.2%. that missed the 11% forecast of economists surveyed by bloomberg news. >> we are also seeing pressure on the currency. he did project a sense of cal

steel, 65%, a record-setting week for this stock. ak steel up.f you look at the others, you up, alleghenyural up 25%. all of these have seen incredible gains. they have come in the months leading up to this. we've seen a recovery in and commodity related stocks as well. look at the debt of these companies. many of these are distressed, many trade at high yield. of basicn index materials and their performance. the performance for the month of february, this is iron and steel returning 7% on that debt in the month of february. the best performing group of bob -- above mining. we've got consumer not cyclicals , high yield debt attached to those companies has not performed as well as iron and steelmakers. steel showing its metal. stocks overall are maintaining a three-week rally. s&p 500 climbing from its february lows. for more, we bring in scott from wells fargo. he joins us from st. louis. we had to get your opinion on the jobs report. people saying it is mixed. scott: all it does for me is confirm that we are in a modest growth, modest inflation

a spokesperson for timken steel was conducting a check of fire extinguishers. the coroner has not released a name. timken steel released a statement saying they are deeply saddened by the loss of our colleague and extending our sympathies to his family. >>> a death of an 80-year-old man found dead in a driveway. it happened at 10:30 on osceola avenue. information is asked to call cleveland police. >>> the search for a mission kayaker in portage county ends in tragedy. 20-year-old luke collins in the water earlier this afternoon. he and a friend kayaking in ravenna when they flipped in the water. collins never surfaced. he friend taken to shore and he was treated at the hospital for hypothermia. >> they have been waiting all winter but the water temperature takes longer to warm up than the air temperature. thus, problems can arise. >> the coroner says collins preliminary cause of death is drowning but the incident does remain under investigation. >>> the university of akron football player is recovering after he was accidentally shot by a former teammate. shot a

i'll 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 say i had nothing to do with it. >> were you there? >> nope. >> really? >> how many different ways do you want me to answer that same question? >> so, you're denying the whole thing ever took place? >> i'm denying i had >> what was the evidence against you? >> i don't know. that i was in the courtroom, that eyewitnesses from the jury, the transport officers, my own lawyer, and the witnesses in the case all pointed the finger at me and said i did it. >> and you're saying? >> i had nothing to do with it. >> you had nothing -- where were you? >> i was in my cell. >> all right. alejandro, how on earth do you really say that? how? in all honesty. you're a smart guy. how do you really do that? you physically know where you were, everybody saw where you were, right? >> no. i had nothing to do with it. >> what do yo

steel industry is the indian conglomerate tata steel confirmed on wednesday that it would be selling its u.k. operations. that puts at least 15,000 jobs at risk. unions have said the government should have done more to protect the industry from cheap chinese competition. now they are trying to secure the future of threatened plants. the prime minister says he hopes to help rocher a sale of the plant that would help save jobs after crisis talks on the future of the stale's -- and steel industry, the government is not ruling anything out. >> what we want to do is secure a long-term future for port talbot and other still making plants and the united kingdom. we work very hard with companies to make sure there is a proper sales process and we will do everything we can to encourage people to come forward but this is a difficult situation. there is no guarantees of success. 2 in french business news, telecom giants are hoping to merge but they are not quite there yet. >> today is supposed to be the big deadline they -- day. they are extending discussions but they have not made enough progr

i'm alix steel.of valeant pharmaceuticals fell 60%. major investors lost $5 billion. let's look back at italian's -- at valeant's terrible tuesday. >> the drugmaker cut its forecast lower than what they predicted in december. what have we learned? >> this is one of the craziest things. they put out guidance earlier saying their main measures was going to be $6.2 billion. then they said, oh, it is actually $6 billion. they corrected their own guidance.ours after issu the stock is almost -- this is going very badly. >> what does that say about mike pearson? when he came back into the company, they do not come out with numbers because he said, we are not ready. here they are, boom, a big mistake yet again. who is checking the spelling over there? >> i am at a loss for words. mike peterson reassured everybody and in the time he has been on the telephone with analysts, the stocks fell more percentage points. things are getting weird. >> the approaching square coming out, saying the vice chairman is going

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 eventually to be transitioned 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, goo

timken steel is investigating the death of an employee. the preston police department ray junior, one of its officers. they shared a photo on their facebook page. he was new but he was already well liked by his peers. there are dozens of comments expressing sympathy for family and friends. the fire technician was found dead sunday after checking extinguishers. he worked with the uniontown fire department as well. the coroner hasn't released his cause of death. >>> updating a story we've been following all morning, a large house fire finally out on cleveland's east side. this is at east 97th and lowell. the fire started around 4:30. the flames engulfed the top floor and roof. it's a vacant building. >>> now to meg shaw live in cleveland. good morning, meg. >> reporter: good morning. now in the morning sprint, higher fares and fewer routes. those are the changes rta is proposing to offset a $7 million gap in their budget. your voice can be heard about public meetings that start today. taking a look at the proposed fares, everyday cash fares

was it steel magnolias, rhinestone or street talk? >> amy: on this day in history, march 14th, 1981, the dolly parton topped the charts with the song 9 to 5. she accepted the role on the condition that she'd get to song. which, it was a classic. good job on that one! and it was continuous in all of her starring movie roles with one exception. what was it. here's your answers, which one did she not get to write: steel magnolias, rhinestone, or straight talk? send it out to david martin who will join us live. at epcot with the flower and garden festival is going strong. it is beautiful out there. >> it is gorgeous, i wish dolly parton would come and sing at garden rock. a fun concert. my answer is pretty confident with this one, steel magnolias. >> amy: all right, a great movie! >> reporter: yeah, it was. >> amy: and ryan, have you seen any of these flicks. >> i have seen 9 to 5 and i have seen rhinestone,years ago and i think steel magnolias, it is between a and b, he swayed me to a, i'll follow him with steel magnolias, you the weathe

what is happening to europe's steel industry?s: the sector is in the spotlight after indian conglomerate tata said it may sell its british steel business, which has unleashed fears in the u.k. that a sale or restructuring could lead to job losses. the government said it would do everything it can to save the plants. at the same time, there are questions about what this means at the european level. there are predictions we are about to see a wave of m ergers/ . reporter: days may be dark for british steel, but the sector is looking for solutions to keep business running. nationalizing could have been one solution, but it was quickly rolled out. >> i don't believe nationalization is the right answer. what we want to do is secure a long-term future for steelmaking plants in the united kingdom. reporter: finding a buyer won't be easy. like the rest of europe. , the u.k. suffers from overcapacity, and cheaper chinese imports are flooding the market. energy costs are also high in the u.k., and the exchange rate is another disadvantage.

i'm here with alix steel and scarlet fu.rlet: george osborne is facing the toughest test of his political career, yet still defended his unpopular plan before the financial policy committee today. >> i am prepared to take to improveecisions the state of public finances. i have set a date for when we see that coming into effect. the united kingdom went out of its way to praise the transparency of our rule. our european government reporter is here. [inaudible] osborne has had a tough week or so defending his budget. in trying to defend what many would say is indefensible, has whenmaged his credibility he tried to defend britain's position within the eu? guest: ben is a good question. has beenhis leadership damaged and his reputation for being a canny political operator -- he now has a budget with a 4.4 ill you and pound hole in it and he will not address it until he and of the year. this is bound to come up and bound to be used for the other camp being blamed for the resignation of colleagues in the cabinet who started. lot he

i am alix steel. the u.s. stocks were next as a choppy quarter comes to an end with last month's rebound leaving wall street at the highs. tomorrow's jobs report, what it has in store for investors. in emerging markets, the best month in almost five years. mark mobius weighs in on current 's outlook. the day after metlife one a court battle. why firms are going after regulators, and what it means for the dodd frank act. let's go to the markets desk where julie hymen has the latest. happy quarter end. that was a rough quarter. julie: is that a thing? can we make the holiday? let's look at the quarter. just atwant to look u.s. stocks, but around the globe. one of the few major benchmarks around the globe in developed markets where we have seen a positive return. with the latest recovery that we have seen, it is up a little more than 1%. the stoxx 600 is down by 8% here the nikkei down 12%. the shanghai composite down 18%. -- down 15%. going back to bill gross, in terms of equity investments. that is what it look

the name steel city. that nickname no longer applies. the region is serving as a frontline for reform and people are struggling. hundreds of workers accept up a local government building. they say they are not being paid. the town's key steel mill suspended populations. the employees have been put on indefinite leave. this man in his 20s worked there. he has snowballing debt to expenses there. >> translator: i haven't been paid for six months. my family cannot afford to even buy food. it's really tough. >> many shops once patronized by workers have been forced to close. >> we are in the red. our sales are only a fraction of what they used to be. authorities are trying to look at other industries. they have been earmarked as a promising destination. officials say the landscape resembled the fables place of a monkey king. the mythical figure with miracle powers appears in the classical story. >> we call that rock our monkey king. >> the point to how it resembled the monkey king. the boulders represent his c

the indian giant tatar steel is selling off the business. they have held emergency meetings but the government has ruled out buying the business. >> we're going to work very hard with the company to do everything we can, but it is a difficult situation. there can be no guarantees for success because the problems that the steel industry faces worldwide, but the government will do everything it can to help and work with the company and communities to try and secure the future of this vital steel-making import and elsewhere in the uk. >>> argentina is taking a big step towards re-entering the global financial system. the senate approved a deal to repay u.s. creditors putting an end to a long dispute over the country's debt. we have the report from buenos aires. >> reporter: one significant step towards leaving financial default behind. on thursday argentina's senate passed a law to allow argentina to a back its creditors. >> translator: we have to set the time and pay back soon because we're building interest. we have been in default for years,

steele and republican steele. what do you say to those steel workers? >> first of all, you have to rush in there and find out what you can train them for. but we're up in ohio, 63,000 manufacturing jobs since i've come into office. we're also going to be later today at a place called fuyao where we have over a thousand workers who are replacing an auto plant that closed. we have more workers working there now than when the auto plant was open. and guess who the investor is. he's chinese. so we have jobs coming back from mexico. ford brought jobs back from mexico. we're seeing foreign investment from germany, from france, from great britain. for those workers who are there, we want to rush up there and find out what the situation is. i will tell you this. one of those steel plants got hurt because the south koreans were dumping steel in. in other words, they were bringing steel into this country at an -- and they were selling at a price less than it cost them to make it. it's called dumping. it's a violation of trade agreements. the government went and f

much more ahead, tata steel is looking for its own exit and the zac it of director on what's at stake for parts of india's biggest steel plant. ♪ caroline: live from london and new york, i am caroline hyde. betty: im am betty liu and this is the european close. caroline: we are talking about the exclusive, tata steel is showing it's not as tough as it would like to be. cheap imports and weakening prices, the indian steelmaker is looking to sell its entire business in britain. with the european group executive director about the decision to put their u.k. business up for sale. >> if you look at the macro situation as far as the u.k., the demand has been muted ever since the financial crisis. >> it does not look like it's going anywhere. >> these factors will likely change. the currency is volatile. it's a high cost geography. when you look at the transformation plan and the board of tata steel looked at all of this and then takes of you that this plan is not something you can support or afford. it has got capital commitments not only in the next couple of years but over long-term. how

. >> : we have to look at how we keep a steel industry going.re tonight, i can't tell you exactly what that would look like, but i can pledge to you that i'm committed to keeping a steel industry and steel workers working in ohio and america. >> scott :and, ohio voters wanted to know what they would do about international trade deals. >> : no rational person is talking about building a wall. but of course we are going to do trade, and trade policies have to be policies that work for the people of our country. >> scott :sanders and clinton are fighting hard across ohio -- and four other states -- including florida, where the two will each claim a share of the biggest single prize of the night on tuesday: 246- delegates.reporting in columbus ohio, i'm scott mclean. >> brian :id has been a pretty soggy weekend's loss of rain are on the bay area and we picked up more than three or 4 in. in certain areas is all coming to an end very quickly for tonight as there's still a little bit of rain but most of it is heading into the mountains and have a band

a lot of instant gratification we put steel in place. it's been very gratifying to the point that this is 2015 has been truly the year of steel. was a very good progress. now, at this point were over 99% done. they're essentially just welding for the most part. we are topping out ceremony that will go into that was just about a month ago. very exciting and it's 225,000 craft hours. justin steel alone last year to get all this material off. almost 25,000 tons, which that's about 55 boeing 747's. each one of those ways about 900,000 pounds without payload was 450 tons. so nobody has to do the math. there's a lot of work out ther l

amanda steele, the wife of associate head coach travis steele says the closeness comes with the game.amanda steele/coaches wife "everyone sacrifices, everyone benefits. when you are losing you have to put realized when you come home there are better things to come home to."from center court to front row - rex flannert and his dad make the first round of the tournament a father/son trip every year. rex "every year my dad and i go to the first couple of rounds. luckily they have been real successful in the past. it is real exciting."john "this is a great bonding experience with my son. he now lives about 4 hours away so it nice to get together in the first round of the ncaa every year."a couple of rows back... mary wuestefeld from cold spring was elated the muskies played in st. louis. the home of her sister. both are xavier alums.mary jo "we had our hotel reservations a month in advance because we knew they were going to come here and just had to wait for the final sunday to come."from the stands to the court... xavier basketball brings families together.riva su close "the entire basketball

i am alix steel. scarlet: and i am scarlet fu. a dovish fed.tting a read on the credit market following the recent decision. move into credit markets is something i would not have expected. i think it has a short or medium term effect. demandance of supply and in the credit markets, i do not think it has a permanent effect. matures, -- it had a fairly dramatic effect. as far as the is concerned, i think that was, again, something of a surprise. really, i think the timing of this decision was a surprise to people who took the fed at its word when they said they would be following economic data with financial commissions. they were somewhat surprised that they chose the march meeting to address the rest of 2016. i am not sure it matters that much. corporate conditions are going to be what matters. had twotime being, you surprises for different reasons, fed and ecb moves. central if this is driven, that is kind of worrying. michael: in the beginning, it is helpful, and in the end, it is somewhat fortuitous. in the u.s., i think it depends on which

michael steele, what have you learned?that stark contrast between florida and ohio, john kasich to marco rubio. >> bianna. >> i've learned apparently the president measures the relationship with vladimir putin based on how long vladimir putin makes him wait for him. >> and mike barnicle i can't wait to hear what you've learned. >> you don't don't want to know what i've learned. i've learned that i would give almost anything to see new that water behind you swimming to that yacht in the distance and wearing a captain's hat and looking like you are at captain of the love boat right there in that harbor. i'd love to see that. >> the bayside market what i've learned here this this morning there is a place here called let's make a daquiri, it's still not opened, if they had opened it earlier this morning i might have ended up in this water. that does it more "morning joe" -- >> if i was there with you we would have opened it on our own. >> joe, mika and willie will be back on monday morning. mike, you cut me up. catch us all wi

>> steel and aluminum is oversupplied.se not achieved which ended last year, so the government introduced supply-side reform. these zombie companies could help, but it depends on whether the government can implement it. rishaad: will they be repeated again? will anything actually be done? >> the government initiated reform last september, and looking at the metal industry, one reform has been done. has acquiredcorp. china metallurgical group, announced last december, and we synergy, will offer a and its implementation could be an exact fit. reforms, it could help producers to go bigger and conversion rate. if we look at the top 10 , that is of steel something the government is tackling. with energy reform, it helps with china conducting those overseas m&a, because it helps management the appointed based on know-how rather than a government. if we look at some of those deals, some of them are high costs, so get help overseas. rishaad: right, coming up, china flashing the cash to attract some of the worlds top footballers. b

one of those steel plants got hurt because the south koreans were dumping steel in, they were bringing steel into this country and they were selling at a price less than it cost them to make it. it's called dumping. it's a violation of trade agreements. the government fought it and it takes a couple of years to decide this. if i'm president, we're not going to put up with that nonsense anymore. we're going to have an exindicted process. my family worked in steel mills. guess what? they didn't wear a white collar. they wore a blue collar. we have to keep training people. we rush where there's a problem. >> much more with governor john kasich of ohio. we're back in a minute from lima, ohio. >>> chicago police say had they adequate resources to kwur the rally. they say five people were arrested and two oifrz suffered nonlife threatening injuries. protesters erupted inside the venue. police moved to clear the floor where scuffles broke out again. it is unclear when the event will be rescheduled. now back to our woman: is that a newspaper? man: yes. woman: it's quaint. man: did you read abo

we will discuss all the things we can do to get behind the steel industry. there's been a huge fall in steel prices. state aid compensation so we can secure the energy costs. greater flexibility over emissions regulations. all of those things and more are that everyone understands how valuable the steel industry is. >> you have been watching prime minister's questions. >> i'm director of the hudson center on center and monetary policy here at brookings.

amanda steele, the wife of associate head coach travis steele says the closeness comes with the game.amanda steele/coaches wife "everyone sacrifices, everyone benefits. when you are losing you have to put things into perspective and realized when you come home there are better things to come home to."from center court to front row - rex flannert and his dad make the first round of the tournament a father/son trip every year. rex "every year my dad and i rounds. luckily they have been real successful in the past. it is real exciting."john "this is a great bonding experience with my son. he now lives about 4 hours away so it nice to get together in the first round of the ncaa every year."a couple of rows back... mary wuestefeld from cold spring was elated the muskies played in st. louis. the home of her sister. both are xavier alums.mary jo "we had our hotel reservations a month in advance because we knew they were going to come here and just had to wait for the final sunday to come."from the stands to the court... xavier basketball brings families together.riva su close "the entire basketbal