, damon gaynor isn the business of buyingnd reselling steel. >> we buy from a bunch of steel mills. rain bread and butter is distributing steel tubing.ee imported steel-- essentially a 25% tax-- ended up raising the price of americasteel, too. and that sent gaynor's costs. skyrocketike h soow dow you handle that? did you guys eat that, or did the customers eat it? >> see, that's the hard part. we just have to pass it along t the customerr customer has to pass it along to thei customerand so on, down the chain. >> sullivan: do you think that there'll be a point, though,h, where the, the end consumer will just say, "i, i can't afford this, this is too expensive"? >> yeah, i, i think there's always tha trisk, and that's the thing with tariffs is, are y kind of artificially messingfi t with price of, you know, what the market dictates? >> sullivan: and what people wiwi be willing to pay. >> and what people will be willing to pay. and i think that'shestion with tariffs. is iisgoing to do good, or is it going to do bad? sullivan: manufacturers like shepherd chemical were also hit hard by th

steel industry with tariffs. but you don't see that in the shares of u.s. steel today.hat's our stock in the crosshairs, coming up. stocksck on data dog, are soaring after going public on the nasdaq. this is bloomberg. ♪ david: you are watching balance of power, i'm david westin. it's time for stock of the hour. u.s. steel is heading for the worst day since april 2000 17, pledging more than 11% after the third quarter forecasts missed the lowest estimate. kailey leinz is here to tell us about it. >> one of the analysts call this a swing and the mist. it was a broad-based missed for third-quarter guidance come expecting a loss of 35 cents, much wider than expected, at six cents. see 115 versus a consensus of 190, they are seeing decreases and everything from hot will tubular steel. target -- it's not just u.s. steel that has done this this week, this is the third u.s. steel maker in three days to miss on the outlook, you also have the largest with nucor and steel dynamics. this is a tough environment. they are in the red but u.s. steel stands out. >> they missed on that

it's not the steel dossier.ut someone's name on it, this fake movie script story that they have to sell it to the fbi, it can't be glenn simpson's name, he was a reporter who was paid by hillary clinton so they must be sitting around the room saying okay, well if glenn simpson walks in from the fbi, simmons can i will see right through this and say a former journalist working for hillary produces this movie script about trump, i don't believe it. someone says eureka, i have an idea, we used to work with this credible source. we do facts here, he introduced information to the fbi, as you know being a lawyer yourself, there's nothing more valuable than information that's been used credibly. he doesn't have to go through the exact same defecation as a new source. someone probably said hey, this guy steele would be great. he's worked for us before. what if we slapped movie script information on a dossier, put his name on it and say hey look what i've got, and then you give it to the fbi and they say oh, this guy is

a 141% duty on the structural steel and a 31% duty on mexican structural steel.tting hit the hardest here. again, a tariff of 141% on incoming steel used for big structures from china. the commerce department says no canadian fabricated structural steel has been dumped in the u.s. market so it escapes this, but the president has been open to saying quite constantly that the u.s. steel industry has benefited from this while steel stocks are moving higher at the moment, we did know of course that u.s. steel had closed a plant in august and then i believe just back in july, they had laid off about 200 other workers in gary, indiana. we are watching what appears to be crosswinds with this story but again, big structural steel tariffs on chinese and mexican structural steel at the moment. >>> all right. while the commerce department is cracking down on chinese steel makers, they have been on the warpath about tariffs when it comes to retail. this as disappointing earnings have fabric handbag maker vera bradley stock plunging to a record loechw. this two-day chart real

steel makers, not just u.s. steel, have been in a slump. we had steel dynamics also recently reporting lowering prices for steel and the trade tensions, and global slowdown that's hurting demand. you put all that together, it's been a tough go and certainly for the steel industry. by the way, those tariffs were put in place to help the steel industry. david: of course. [ speaking simultaneously ] david: of course the world economy is slowing down. well, president trump campaigning in california, trying to broaden his base. he's also trying to do that by wading into the gm strike. of course, he's been reaching out to african-americans in a big way. but according to a latest fox news poll, it's not really helping that much. he's trailing all the major democratic candidates in head-to-head matchups. so herman, clearly he's widening the base, clearly he's trying to do what other republicans have failed to do, and i think he is succeeding in a lot of areas but why isn't it showing up yet in the polls? >> you remember the phrase silent majority?

like our green steel facility.uropean operations, our financiers comfortable with europe and asia -- are financiers comfortable with your position? jay: the advantage of our green steel philosophy as you take out the lumps and bumps from a compounded -- commodity does -- exposed business. scrap steel prices along with the steel price so you are not so exposed to the ups and downs of iron ore and cooking coal. it is getting a lot of support from institutions. francine: how you put the differentogether in -- alan ruskin and jay hambro. coming up next week, the biggest names in business and government will gather for the global business forum in new york. we will hear from top business executives, as well as top policymakers including mark carney and christine lagarde. that is all live on bloomberg. all of that and much more, this is bloomberg. ♪ ♪ this is bloomberg "surveillance," tom and francine from london and new york. the angela merkel coalition agreed on a landmark package to cut co2. diller, who istt based out

and bruce ohr told the fbi handler about steele's bias against trump. the fbi and justice department relied on steele's work to renew the surveillance warrants to monitor a former trump campaign aid. fox news contacted the british embassy in washington and an senator for susan rice seeking comment. we will update you on our reporting as we learn more. >> sean: tonight across the country americans took time to pause and reflect on the horrific events that unfolded september 11th, 2001. 18 years ago today. i remember exactly where i was. my son in college. i was taking him to pre-school. i got a call from my best friend john gomez and said are you watching this? i turned it on with horror like everybody else. terrible timeline of that day is forever seared into our memories. unfortunately after 18 years, some have forgotten the horror of that faithful day and others may never fully comprehend and understand the magnitude, the gravity, the evil of that day and what took place. that would include freshman congresswoman omar. during a speech, on the council

and bruce ohr told the fbi handler about steele's bias against trump. but the fbi and justice department relied on steele's work to obtain and renew the surveillance once against the former trump campaign aid. fox news contacted the british embassy in washington and an senator for susan rice seeking comment on whether they recall the letter and any action was taken. we will update you on our reporting as we learn more. >> sean: thank you so much for that report. tonight, all over the country, americans took time to pause and reflect on the horrific events that unfolded september 11th, 2001. 18 years ago today. like most people, i remember exactly where i was, what i was doing when i first learned about the attacks. my son in college, i was taking him to preschool. i got a call from my best friend, john gomez. he said, are you watching this? went home and turned it on with horror, like everybody else. the terrible timeline of that date is forever seared into all of our memories. unfortunately, after 18 years, some have forgotten the horror of that fatefu

tariffs on us goods in view of the steel and aluminium tariffs.between the us and the japanese? —— allen or. this one also looks very limited, and lots of people are saying it is unlikely to include cars and steel tariffs. people are saying it is unlikely to include cars and steel tariffslj have heard the same thing. there is not much information about what is in the deal, although as the administration has started to orally brief congress, there has been some objections about the ag provisions in the deal will leave us farmers worse off than their european counterparts, who are now enjoying fda access. we had about 30 seconds to the end of the interview. what do you think will happen to be us—china trade deal? will it be signed before the 2020 elections? that‘s an interesting question. i hope president trump sabre today. who knows? who knows what trump is thinking at the moment. alan o‘brien, a former us trade negotiator. —— eleanor brian. nike reports earnings for thejune— august quarter today. —— this week. nike and other brands have called on

my father-in-law worked at a steel mill for 40 years. my grandfather also worked in a steel mill. hardworked really, really and they keep falling behind. moments,lly upset and really passionate and moments about it. the unfairness of the leaders in the country that have not put the people in this country on a trajectory to be able to compete. i talk a lot about industrial policy, about having a chief manufacturing officer. why? because someone has to help organize the country around sectors of the economy that are growing, like trying to does, any germany does, like country who has a strong middle class does. i believe that i understand that better than anyone else in this race, because i have been living 35 years.xhole for tim ryan said to his kids and his family i am running for president? rep. ryan: [laughter] i tried to prepare the kids. this was the running conversation between my wife and i. we have several dinners from the kids. they will call me a lot of things, if we have success you , may see stuff on tv. i wanted to prepare the 15-year-old and 16-year-old for the psycho

a lot of questions surrounding steele's meet-up with the state department.ohn solomon is with us, investigative reporter. this is huge. you broke the kavalec story. she was telling them, don't do this, don't trust them. this is an agenda. this isn't verified. >> yeah, absolutely. we broke the story on "the hill," and back in may. right after that, the inspector general, the other state department inspector general, he got involved and started looking at this. here's what we have been told they uncovered. they have evidence surrounding the conduct of bringing steele to the state department, there was anti-trump conduct going on it may have violated the hatch act. there was something political about why they brought a steele the state department. they have now been referred to the office of special counsel. in the office that investigates hatch act violations. the second thing we have learned, the people responding to christopher steele at the state department were inappropriately using private emails. does that sound familiar? a guy who worked in part of the

we just never quite thought what the future holds. >> but through art the steel bridge lives on.as been used in artworks from joshua tree, to trucky to petaluma. >> there is that hint but they're all being made into new experiences. >> the piece will remain on the island for several years and will even vibrate to mimic the size of a foghorn, a new experience with an old friend. >> like everything else it's going to vanish in history if we don't work to preserve it. >> reporter: nbc bay area news. >>> very good. still ahead violent clashes in hong kong. tonight the reason why more officers are being deployed to ♪ from the 5am wakers, to the 6am sleepers. everyone uses their phone differently and in different places. that's why xfinity mobile created a wireless network that auto connects you to millions of secure wifi hot spots. and the best lte everywhere else. xfinity mobile is a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. click, call or visit a store today. >>> pro

we are going to bring the steel back, we are not bringing steel mill back, somebody better get a plantogether here. being in a position which is why worked to get on the appropriations committee, there were earmarks and i could bring back the money for particular projects around the district which i have been able to do, bringing hundreds of millions of dollars back for the local community but there was always that connection between you need a local plan but issues around trade, taxes and globalization were national in nature. >> if you are not successful in getting the democratic nomination will you run for reelection? >> yes. i have a lot of seniority on the appropriations committee. i'm moving up on the defense appropriations committee and we have been able to do a lot back home. i want to forgo what i can do for people back home, still in position to help even if this doesn't work out. i'm in a good spot. >> you challenged speaker pelosi. what is your relationship like with her? >> good. i conducted myself in a professional manner. i like her a lot. i have enormous respect for he

we just never quite thought what the future holds. >> but through art the steel bridge lives on.he steel has been used in artworks from joshua tree, to trucky to petaluma. >> there is that hint but they're all being made into new experiences. >> the piece will remain on the island for several years and will even vibrate to mimic the size of a foghorn, a new experience with an old friend. >> like everything else it's going to vanish in history if we don't work to preserve it. >> reporter: nbc bay area news. >>> very good. still ahead violent clashes in hong kong. tonight the reason why more officers are being deployed to the city as tensions continue to rise. >>> pro-democracy protests in hong kong continued for another weekend in the chinese ruled city with more clashes between protesters and police security has been heightened ahead of the national holiday. >> reporter: for a 16th straight weekend protests turned to clashes and violence with police as protesters had tried to obstruct traffic to the international airport and instead wept into shopping malls targeting businesses t

glittering steel a video production company. in total the company received $302500.00 from the committee in 5 months the company is run by steve bannon. that would mean that his work for trump's official campaign might have been paid via glittering steel which would be illegal campaign financing. the campaign legal center decided to file a complaint. and . steve bannon faced a fine and an investigation by the justice department. we believe or we think it's possible that the super pac make america number one was subsidizing stephen bannon's work for the trump campaign of ai making payments abandoned through glittering steel at all see this consulting for the last movie production company located in california at the same address as and his own consulting firm. glittering steel and breitbart are not the only companies tied to the trump campaign $8383.00 will serve boulevard in los angeles also hosts cambridge analytic a company that came under the spotlight for its influence in politics around the globe. cambridge analytical claim

tariffs on steel. in a highly competitive global market that's long saturated innovation is the key sound sun has promised to usher in a new age of foldable is in the smartphone sector the 1st of its kind of vailable and south korean stores from tomorrow and presented at the if a consumer electronics show here in berlin. one touch on this smartphone turns into a topless the samsung galaxy fold is one of the novelties at europe's biggest consumer electronics show after lengthy delays due to cracking screens the model goes on sale this month the price a hefty 2000 euro's. when you are putting out and you can see like content is just incredible so. divisional cues coming from social media videos. it's just incredible so i think as we break the foundries of new technologies new full bottles will point and she was to use it in different ways. here at i.f.a. you can try out all the new high tech stuff nearly 2000 exhibitors are showing off their products including t.v.'s that are bigger sharper on hooked up

alexey, ceo of the steel company in russia. thank you for speaking with us today.anted to pick up on my colleague's comments on the trade war and the response we have had about one-third of the respond enters think u.s. trade policy is the biggest external risk factor facing their business do you ascribe to that as well >> yes, i do >> you run a steel business. can you give us a live more color about how the overall trade war has impacted your business when it comes to kpletition, cost and impact an overall volumes. >> i think it comes from the weakening demands. it was quite significant trade element on one hand. it has to do with all the confidence and strength of the economy. that will play a negative role in steel demand going forward. >> when you hear comments out of the u.s. president saying they are potentially looking for an interim trade deal with china, does that give you comfort there may be a resolution in sight and you can start to focus on other matters going forward? >> we prefer to see the action until that, we still remain concerned. >> i know you

the dossier is off, christopher steele under oath. in great britain, he says if he doesn't have any idea if the dossier's contents are true, yet, it was used to get a warrant to deny an american citizen his constitutional rights and, yes, spy on a presidential campaign transition in presidency. the fbi had the spread sheet eventually after the fact detailing, yeah, it's all false. somehow comey, mccabe, bob rosenstein, sally yates and others signed off on using the garbage to obtain a warrant to spy on carter page. this is at the height of the presidential election. that back doored them to everything trump world. they told the judge that the so-called evidence in the warrant were verified. they said it was verified. it was true, it was accurate. even though they knew the exact opposite was true, warrant done multiple times. they did it not once, not twice, but four separate occasions. that is why it would be premeditated fraud committed on the fisa court. tonight we look forward to inspector general's findings. every american, we mus

memo warning about steele's credibility.eparate instances before the first fisa application was signed, the bulk of information we now know was the unverified dirty russian dossier, likely russian disinformation according to "new york times" from the get-go but they were warned about steele's credibility before they signed the first fisa. they were warned by bruce ohr. the u. confuse warned about his credibility. steele had an agenda, it wasn't verified and hillary paid for it. they used it anyway. we know it's unverifiable because steele never stood by his own dossier and under oath said "i have no idea if any of it is true." to me that sounds like pre-meditated fraud on a fisa report and when you couple that andrew mccabe saying no dossier, no fisa warrant, that tells me they didn't care, they knew it was a fraud but they said it was verified and it wasn't. >> let's assume for the sake of argument that everything you said was true. let's just assume that. >> sean: it is. >> you still have to find a criminal statute if your

look at this herman miller gained 52% for the year steel case is up 24% and i think both stocks coulde a lot more room to run. but that still begs the big question if we've got a slowdown in the economy, how the heck are these two office furniture companies performing so well if business is slowing, how does it make sense? shouldn't they be getting hurt if executives are pulling in their horns, spending less money? it turns out it's a lot more complicated than that. i love this kind of story. i want you in on it. you know herman miller is the maker of really high end office company like the aeron chairs with the lumbar support. i got one. i love it. as steelcase is the leading supplier of furniture and arc cher with the reputation for durability and reliability never have to throw out a steelcase. for most of the year, herman miller has been a phenomenal reporter just a phenomenal performer, putting up series of excellent quarters steelcase gave suboptimal reporting in march and both times the stock did get hammered but last week herman miller and steel of case each reported spectacul

to step down as the engineering and steel conglomerate looks to revive its fortunes . only took up the role in july last year and had a contract until 2023 is the deal is still to be negotiated to a close adviser to bill chandler will take the reins to. come from the drops out of germany's blue chip index ducks this month's. let's bring in our financial correspondent in frankfurt on that. one of germany's huge legacy conglomerates if you will what's going on there. well good ocado for us a c.e.o. as been under fire for some time he was never considered the best choice for the job but only the best one bailable and it's apparently a power struggle that he lost out and you know now it's a supervisory board chairman taking over here in the stock markets. well that's never seen as an optimal solution the satisfaction with scouts off over wavering for the strategy 1st out of steel then into steel for skipping elevators and putting them up for sale and then wavering on that as well and the company is going downhill fast not a good story. and usually noisy that way you are wh

steel production per capita is the highest in the world. the peoples of these three small countries belgium, the netherlands and luxembourg have formed a customs union. a wheat field, a cathedral, old france. there's a new france alive with energy, with the biggest hidroelectric stations in europe and the fastest trains in the world. mass production in the land of the artisan, power, and beauty in modern france. from the joy of life to the preservation of life, france, the country of pasture. paris open to students of all colors and all nations. the world. the british commonwealth. the center of the free world trade. britain is one of the world's leading economic powers. ♪ britain is like nothing better than a hard fought game. a symbol of the unity of britain is the trinity of church, and the trial crown. the queen opens the session of parliament in canada, with the same as home. the british commonwealth is the oldest, largest voluntary association of freemen in world history. britain and germany have fought two terrible wars. their people

investors snob the global steel giant and coke and industrial heavyweight with over 200 years of history is picked out of germany's main stock in things. take down notice the world economic forum on africa as violence hurts south african businesses at home and abroad. and taking the heat and around it germany's wee hours say that one of the oldest oh by construction is down south again. and a physical and let's do business is that the end of an era steel and engineering grape juice and hope is the latest german blue chip company to be relegated from the dax the company was a founding member of the flagship index and has traded on it for more than 30 years a setback for tucson cope as the ailing conglomerate tries to turn around its fortunes it loses its fall out of the index after a steep decline in its share price made $1.00 a spice extensive profit warnings it's also had to restructuring plans for the pieces like many suppliers the steel company is suffering from a fall in production in the auto sector which is partly due to the trade well. let's go over to our financial correspondent

my father-in-law worked a steel mill for 40 years.my grandfather and my great-grandfather, all worked in steel mills. they work really hard. they keep falling behind. i get really upset and moments. i'm really passionate and moments about it. the unfairness of the leaders in the country have not but the people of this country on a trajectory to be able to compete. i talk a lot about an industrial policy, a lot about a chief manufacturing officer. why. because someone has to help organize the country around sectors of the economy that are growing. china does in germany does like any country who has a really strong middle class does. we have no plan. i believe that i understand that better than anyone else in this race because i have been living in this foxhole for 46 years. >> seven he called his wife and your kids, i'm running for president. >> i've tried prepare the kids. this was a running conversation between my wife and i. we had several dinners with the kids. they're going to call me a lot of things. if we have some success. you

would've been sought from the fisa court without the steele dossier information. later the fbi found out none of it was true. over 90% proved false. they have been warned of a multiple government agencies by many high-ranking officials. they were also warned about using that dossier by at least one foreign government. his so-called intelligence was unreliable, not verified, russian disinformation." , "the new york times," likely from the beginning. bought and paid for by hillary. that is true. "the new york times" is right, likely russian disinformation from the beginning. that would mean that russia and vladimir putin wanted hillary to win. he testified under oath that he has no idea if any of the contents are true. when the fbi to get around to trying to verify, they concluded we can't find anything true here. they were able to prove under 90% of it. three warrants of the four he signed a said it was true and accurate. at the top of the fisa warrant is has verified. that makes his premeditated on the pfizer cord. they were born, hillary paid for it and it wasn't

g west tariffs on steel. and american retailers continue to grapple with an epidemic of gun violence only days after wal-mart banned customers from carrying weapons in which stores more retailers are following suit among them pharmacy chains c b s and walgreens as well as wakeman's supermarkets. 2 years ago tiny land locked the zoetrope became the 1st african nations to legalize the farming of medical marijuana one of the world's poorest countries that hope to benefit from one of the fastest growing global markets bureaucracy is locking small farmers out of the market. listen to is known as the kingdom in the sky but the massive cannabis growing facilities here aren't about getting high the plant is stripped of its most psycho active component t.h.c. it's the can of a dial or c.b.d. that's most medically desired and quite so the global market for medical marijuana is estimated at $150000000000.00 and projected to almost double by 2028 the suits who base medic ro hopes to right that boom it's invested almost $

coming up for us, a former steel town president trump fomsed to revive.s literally crumbling. we'll take you there next. i wanted to keep digging, keep learning... this journey has just begun. bring your family history to life like never before. get started for free at ancestry.com >>> detroit is one american city that has seen hard times even in the midst of its current revival more than one-third of its residents live in poverty. this week's cnn hero is determined to change that. >> working as a nurse, i went to visit this iraqi refugee family and an infant that was dying. there at the house they absolutely had nothing. there was no refrigerator, there was no stove, there was no crib. the baby was in a laundry basket. i decided this wasn't going to happen on my watch. how is your apprenticeship going. >> pretty good. >> nurses are supposed to fix things. this is just a place that heals the world. >> for the full story and much more, go to cnnheroes.com. we'll be right back. i mean, if you haven't thought about switching to geico, frankly, you're missing

to push the steele dossier on the american people and on our system. really incredible that this material had to be forced out as a result of a lawsuit. we get this basic information about steele's contact with the state department 2-3 years after his involvement in our presidential elections is exposed as problematic as it is. unbelievable. >> sean: the bulk of information came from his dirty dossier that he didn't stand by when questioned under oath in an interrogatory in great britain but they used it anyway and they were all wrong. that to me should be the heart of the horwitz investigation. i assume you agree. >> certainly. even though the state department knew his work was shoddy, they continue to push it out. kept on pushing this material out, kept on pushing this material out come of these false allegations related to russia over at the state department. i think if there is an investigation that needs to be done, we talk about the fbi and justice department? the state department state department is as much a center of the russia gate storm as a

the steel giant tata is closing its 0rb electrical steels factory in newport, wales.e on its core steel production business. uk manufacturing output fell in july to the lowest level since records began 7 years ago. the drop was sharper than most economists had been expecting. the reasons — political uncertainty and global trade tensions. a deal that saved debenhams from administration is to be challenged in the high court this week. the rescue deal meant debenhams had to shut 50 stores and cut rents. the challenge comes from one of debenham's landlords. he's been backed by mike ashley's sports direct group which used to own 30% of the company. if successful, the challenge could mean debenhams goes back into administration. steel losses in wales — why is this happening? up to 380 jobs could go from the plant, which makes electrical steel used in power transmission for vehicles. the company employs about 6000 people. 0rb electrical is more of a specialist business. but tata steel has said they plan to re—employ from elsewhere. the company has been up for sale for some t

. >> i've never worked with a material as unique as this steel is. >> this unique steel, pieces of they bridge, recently demolished and replaced. >> we took 22 tons of steel and turned it into a ring. >> reporter: he was among artists awarded to create public art work. >> have it live on here in the bay area as a visual icon and a memory of a bridge which really was important to many of us here in the bay area. >> we're 2 inches off. >> reporter: his spees, a 22 foot steel ring bears all the detail and the history of the bridge that carried millions. >> to see the size of the rivets and the pattern of the rivets -- you can see the word bethlehem written around the piece from the legacy of the steel being built in pennsylvania in the 30s. >> reporter: the art piece is temporary not 2013. >> the people building this bridge might have thought it was go ut tough art, the old bridge lives on. the steel has been used in art work from joshua tree to petaluma. >> they're all being made into new experiences. >> that's way better. >> reporter: the piece will remain on the island for several year

steel was really tough. because remember the president was tweeting as recently as may about how his policies are going to lead to a lot more jobs u.s. steel not as well run as nu core obviously, furloughing a lot of people not doing that well in europe. when you have three companies that say pricing isn't holding up, what it tends to say is you know what the policies the president aren't working i come back to say the policy the president is impacting china more than us we have more staying power than they do. if you are nucor, u.s. steam, no i am concerned about u.s. steel. that was a gigantic miss >> that is in tampa that j. powell does not have to worry about. j. pow emdoesn't have to worry about herman miller. j. powell has to worry about steel. i think a lot of people don't understand it, it's a big part of the economy that matters. it's bad >> let's move from a 1.7 billion market cap to one of 270 billion. that's at&t's market value right now and i did want to address these reports in the "wall street

so, let's talk steel frames.l me what we have going on here. >> well, we have a steel frame here. there are two of these and they go up to the lower floor and there is a beam that go across, basically a box that is much stiffer and stronger. ~ goes so that during the earthquake the upper floor will not collapse down on this story. it can be done in about two weeks' time. voila, you're done. easy. >> for more information on how to get your building earthquake ready,y,y,y,y,y,y,y,y,y,y,y,y,y, >> in november of 2016, california voters passed proposition 64. the adult use of marijuana act. san franciscans overwhelmingly approved it by nearly 75%. and the law went into effect in january of 2018. [♪] >> under california's new law, adults age 21 and over can legally possess up to 1 ounce of cannabis and grow up to six plants at home. adults in california can legally give up to 1 ounce to other adults. >> in the state of california, we passed a law that said adult consumption is legal. if you are an adult and in possessi

so, let's talk steel frames.l me what we have going on here. >> well, we have a steel frame here. there are two of these and they go up to the lower floor and there is a beam that go across, basically a box that is much stiffer and stronger. ~ goes so that during the earthquake the upper floor will not collapse down on this story. it can be done in about two weeks' time. voila, you're done. easy. >> for more information on how to get your building earthquake ready,y,y,y,y,y,y,y,y,y,y,y,y,y, valencia has been a constantly evolving roadway. the first bike lanes were striped in 1999, and today is the major north and south bike route from the mission neighborhood extending from market to mission street. >> it is difficult to navigate lindsay on a daily basis, and more specifically, during the morning and evening commute hours. >> from 2012 to 2016, there were 260 collisions on valencia and 46 of those were between vehicles and bikes. the mayor shows great leadership and she knew of the long history of collisions and

the steel giant tata is closing its orb electrical steels factory in newport, wales.ansmission. the company has been for sale since may 2018 as tata had decided to concentrate on its core steel production business. uk manufacturing output fell injuly to the lowest level since records began seven years ago. the drop was sharper than most economists had been expecting. the reasons — political uncertainty and global trade tensions. a deal that saved debenhams from administration is to be challenged in the high court this week. the rescue deal meant debenhams had to shut 50 stores and cut rents. the challenge comes from one of debenham's landlords. he's been backed by mike ashley's sports direct group which used to own 30% of the company. if successful, the challenge could mean debenhams goes back into administration. there are five times as many people working flexible hours compared with 20 years ago. this is according to work done by the association of professional staffing companies. (mix however, it seems a lot more people want to work flexibly, and a lot of them are

steel because it sounds like a tough guy business man kind of stuff to talk about but u.s. steel the company is their stock fell as much as 15 percent today after the corp warned in advance of 3rd quarter losses on the scale of $0.35 per share is us quickly is us still part of the fake news problem or is despite to make it make america great again less than effective or perhaps even counterproductive. thank you for using the word counterproductive because that's actually the best term to describe it i mean the whole idea was to bring back american manufacturing where we're seeing is the opposite of facts and that's not just steel but it's cars that we've got to. general motors strike having those weird things happen in all throughout the markets that i think are all linked to this trade policy i mean i would even go so far as to say that the messy i.p.o.'s that we've seen recently with where we work and nuber and so on everything everything is connected in a global economy everything is connected to the global economy so nothing could happen somewhere without it affecting s

joining our conversation michael steele.h us at the table karine jean-pierre, and garrett haake joins us who's out in iowa today with biden. i think i heard you throwing some of those questions. what are you hearing if not from him from his campaign about this episode? >> reporter: well, nicole, a couple things. the campaign was very disciplined. last night, this morning, all day today they had no comment on the record. they were not talking about this on background. there were no tweets. he was very clear that the campaign did not want to engage on this. this is just not where they want this election battle to be fought even as other people saw this as potentially elevating joe biden in a crowded primary field. the biden campaign didn't touch this. you saw biden coming out after this event here. he spoke for more than an hour, did not bring any of this up on his own. we essentially in the press core following his campaign surrounded the event site and made sure he could not leave without addressing this in some capacity. yo

steel mass a levered balance sheet sensitive to steel prices when they talk about the slowed in europes a big issue this is a company down 70% roughly since the trade wart starte >> there is a stock down 31 peppers year to date but popped in the last month 36%. you talk about the lower levels where it doesn't have to be a heck of a lot to go right to have it rip higher granted the news are headwinds to b.k.'s point nobody understands the trade war stuff. nobody understands what the outcome looks like no one understands what the true ramifications. i put this in the bucket of brexit breks imt o it everyone cared and then no one cared. because no one understands the particular ohs are the specifics will be. that's what's happening with every trade war stock every metal stock mining stock all of the names are susceptible to a huge pop on not so great news >> let's move on here. the market ending mix after the rate cut but it doesn't mean fierce of recession have been erased bob pisani at the nyse with more bob. >> melissa, despite the recent spate of stronger economic data in the u.s. pes

steel. its stock down 4% on wednesday, after u.s.the outlook for the second half of the year. and the reason, falling steel prices, negative market conditions and a lack of demand. president trump said he would revive u.s. manufacturing. but his tariffs on china may be hurting steel's operations. steel is down 60% from last year. >>> new survey by the business roundtable shows confidence among the nation's ceos, the lowest since 2016. ceos have downgraded expectations for hiring, capital investments and sales growth amid trade war uncertainty. the roundtable said american businesses have their foot poised above the brake and they're tapping the brake periodically. we'll be right back. you know that look? that life of the party look walk it off look one more mile look reply all look own your look... ...with fewer lines. there's only one botox® cosmetic. it's the only one... ...fda approved... ...to temporarily make... ...frown lines.... ...crow's feet.... ...and forehead lines... ...look better. the effects of botox® cosmetic, may spr

was issued in october 22 of 2015, and steel erection started in july.py to report in the early part of august, just a few weeks ago, we've completed the steel erection, and we've had a very nice and formal steel topping off ceremony with the fire department and the contractor. so this project is well under way. at this point, we're on target to complete the project by winter of 2020. there are some photos at the become of the slide, highlighting some of the steel that has been completed now, as of today. moving to the neighborhood fire station component, under this component, we're tracking two scopes of work. the main one is the host tower removal project. there has been an assessment done that the host tower that currently at six remaining fire stations will create a seismic vulnerability in the event of a majority event, and so the project is to remove that scope tower. and the other is replacing the existing emergency generator at three fire locations. so this -- the host tower projects have been very challenging. i'm happy to report that after a ve

so, let's talk steel frames. tell me what we have going on here. >> well, we have a steel frame here. there are two of these and they go up to the lower floor and there is a beam that go across, basically a box that is much stiffer and stronger. ~ goes so that during the earthquake the upper floor will not collapse down on this story. it can be done in about two weeks' time. voila, you're done. easy. >> for more information on how to get your building earthquake ready,y,y,y,y,y,y,y,y,y,y,y,y,y,