the mother of steel is iron. there is more than a ton of iron and steel in the car you drive.ds of iron and more and 100 kinds of steel, from the rusting earth, come the beginnings ofhe all the rich metals that are born of iron and sired by the coal that is mated with iron. soft goal. hard to coal. and the coke that comes from coal to bring steel into being. to purify and refined the steels, coal and coke. harden steel for roller bearings and starter assemblies. toughened steel and precision parts. to shape and polish precise mechanical parts, crystalline quartz. for alloy steels, stainless steel, for plating, bumpers, and ornamental trim, bright chromium. for the tiny filaments in electric light bulbs, tungsten. for storage batteries, radiator assemblies, and the metal in engine bearings, pure lead. even the more famously precious metal, gold. any metal can be more precious than gold if it is the one metal needed at the time. each metal may depend on one or more of the others for success. copper and aluminum are precious thesemselves, and all of ores from all of these many me

for alloy steels and stainless steels, for bumpers and ornamental trim, bright chromium.iny filaments in electric light bulbs, tungsten. for storage batteries, radiator assemblies, and engine bearings, pure lead. and even the more famously precious metal, gold. any metal can be more precious than gold if it is the one metal needed at the time. each metal may depend on one or more of the others for successful use. copper and aluminum are precious themselves, and all of these ores for these many metals call for many men to dig them from the earth and bring them forth. any natural lack or artificial shortage may stop the entire economic parade. you may be a lumberjack in washington or maine, mississippi or michigan, florida or georgia or east texas. in the paul bunyan country or the empire of the pacific northwest. ♪ the trees you fell and the logs you drive make pulp for paper to blueprint the dreams that put 100,000 men to work on a new model and a new job. the way we do it in america takes a lot of different people working together in a lot of different places. brooksrevi

the mother of steel is iron. is more than a time of iron and steel in the car you of iron and steel in the car you drive. from the rusting earth, come the born of iron and desired by the cold that is mated with iron coal that ishe mated with iron. the product that oal.s from cp i -- hardened steel for ball bearings. toughened steel and precision parts. to shape and polish precise mechanical parts, crystalline quatrz. for alloy steels, stainless steel, for plating a bumpers and ornamental trim, bright chromium. for the tiny filaments and electric light bulbs -- in .lectric light bulbs, tungsten for storage batteries, radiator assemblies, and the metal in engine bearings, peer led -- pure lead. -- ande more preciously famously precious metal, gold. any metal can be more precious than gold if it is the one metal needed at the time. each medal may depend on one or more of the others for success. copper and aluminum are precious in themselves and all of these ores call for many men to pick them from the earth and brin

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the fire a steel plant in chatter projects. steel is hard and durable. the stuff of russia's stable future and. presides over its production piece responsible for the safe operation of blast furnace number 5 for several young. that's what i'm going to. there's nothing romantic about it because i feel. first of all my job is physically and emotionally demanding anything can happen so i have to be vigilant all the time we get at them. and things do happen as in every industrial plant there have been a number of incidents involving several young. 12 years ago a device malfunctioned and caused a fire on the roof of the control room leaving one person dead and several injured and this year an explosion killed one of dimitri's coworkers. and we men have always compared our blast furnace with a woman. to be used. you have to watch out how you approach or. there were times when my colleagues would shave before they shut down the furnace for repairs but. they wanted to make a good impression so that she wouldn't play tricks on them. if they can just move that sou

the fire a steel plant in china projects. steel is hard and durable. the stuff of russia's stable future and dimitri can cause presides over its production he's responsible for the safe operation of blast furnace number 5 for several young. there's nothing romantic about it because i feel. first of all my job is physically and emotionally demanding anything can happen and you might so i have to be vigilant all the time we get there. and things do happen as in every industrial plant there have been a number of incidents involving say very young. 12 years ago a device malfunctioned and caused a fire on the roof of the control room leaving one person dead and several injured and this year an explosion killed one of dimitri's coworkers. and we men have always compared our blast furnace with a woman with p.t.s.d. . you have to watch out how you approach your. mission. there were times when my colleagues would shave before they shut down the furnace for repairs but. they wanted to make a good impression so that she wouldn't play tricks on them. if they can u

we talked about the steel dossier. as you know at the time christopher steel was on the payroll of fusion g.p.s. to do opposition research for the democratic national committee on behalf of the hillary clinton campaign, he was also retained as a confidential human source by the f.b.i., correct? mr. rosenstein: i don't know all the details, senator. what i do know is that whoever was paying him is one issue. the other issue is what was the basis for believing he was credible. did the f.b.i. have an appropriate basis for believing he was credible. the inspector general report suggests that they misstated that or overstated their basis for believing he was credible. senator cornyn: the inspector general noted that steel said, i don't work for the f.b.i. i work for fusion g.p.s. i'm a businessman, but i may pass some information that's useful to the f.b.i. do you remember that? mr. rosenstein: i know that from the report, yes. senator cornyn: at the same time he was a confidential human source for the f.b.i., he was on the

remember the democrats paid for the steele dossier. the mueller probe ignore that disinformation. that is what attorney general barr is saying. we're bringing on former national security concerns sell chief of staff fred fleitz. he will break it down next. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. once-weekly trulicity is for type 2 diabetes. it's not insulin. it starts acting from the first dose. and it lowers risk of heart attack, stroke, or death in people with known heart disease or multiple risk factors. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side e

remember the democrats paid for the steele dossier.ueller probe ignore that disinformation. that is what attorney general barr is saying. we're bringing on former national security concerns sell chief of staff fred fleitz. chief of staff fred fleitz. he will break it chief of staff fred fleitz. hthere are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. ♪. elizabeth: u.s. attorney john dour ham reportedly now investigating how russian operatives fed disinformation to christopher steele that ended up in christopher steele's anti-trump dossier that the fbi used to do wiretapping of the trump

remember the democrats paid for the steele dossier.he mueller probe ignore that disinformation. that is what attorney general barr is saying. we're bringing on former national security concerns sell chief of staff fred fleitz. he will break it ♪ ♪ [ engines revving ] ♪ ♪ it's amazing to see them in the wild like th-- shhh. for those who were born to ride, there's progressive. ♪ we could never do what they do. but what we can do it be a partner that never quits. verizon is the most reliable network in america. built for interoperability and puts first responders first, giving their calls priority, 24/7. we do what we do best so they can too. we do things differently and aother money managers, don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in i

steele. point.assley: one final in may of 2017, he wrote a memo to the attorney general recommending that james comey be terminated. that same day, the president terminated you. on may 12, you sent an email that said "the boss and his staff do not know about our discussions." on may 16, the day you appointed -- the day before you appointed mueller, you emailed it former deputy attorney general and said, "i am with mueller, he shares my views. duty calls. sometimes the moment chooses us.' " ,"en you referenced "the boss who were you referring to? and did you discuss appointing mueller with any obama officials, and if so, who? mr. rosenstein: as a criminal investigator, we found emails were useful evidence, but sometimes they can be misleading because they are out of context. if you will allow me the time to explain both emails. the first refers to the fact i had spoken with director mueller about the possibility, if i find it necessary to appoint a special counsel, whether he would be availabl

the cia told the fbi the steele dossier was internet rumor.ying it's full of speculation and hearsay, take it with a grape of salt -- grain of salt, it's just talk over beers. but he's reading it like it's an indictment, like it's fact. >> right. first of all, we never should have called it the dossier. sounds bond-like. in 2016 the dossier was pitched to every major publication whether you're talking "the new york times," all the news organizations, broadcasts, i'm sure fox news, and also buzzfield. buzzfeed is the only actual publication that printed it and, therefore, that opened the gates for cnn to run with it as well, and we eventually got to the nice a saw warrant. -- fisa. adam schiff is the michael avenatti -- you remember him, right? he's the president of a cell lock over at liker's. but adam schiff needs to be held to account, and that would mean the media -- that's its job, right? -- speaking truth to power without fear or favor to party and, of course, that's not happening right now because michael flynn is just so 2017, and we've

the batcher and the mixer are mounted on a steel barge.to buckets and another crane swings its bucket to the point where the concrete is to be deposited. forms have been prepared. steel reinforcing rods are ready to be embedded in the concrete. over 600,000 cubic yards will be required to complete wheeler dam. the bucket deposits its load. the crane goes back for more. ♪ ♪ narrator: the authority's latest project is near shiloh battlefield in tennessee. before construction can begin, a study of the foundation had to be made, just like at wheeler and noris. this part of the process is known as core drilling. a steel cylinder with a ring attached to the end bores its way 100 feet or more into the bedrock. it exposes a core. as it descends. the process is just like coring an apple. good engineering requires this. they cost $2500 each and wear out after a few months' use. use. the core is carefully removed and a notation is made of the depth from which the specimen came. samples are taken to the laboratory for tests and analysis. the core is o

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liz: the cia told the fbi that the steele dossier wasnt internt rumor, and also steele's own sources it's an's indictment. >> we never should've called it the dossier, sounds bond and more important than it really is, if you remember in 2016 the dossier t was pitched to every publication whether you're targeting new york times, the news organizations, broadcast and also buzz feed, buzzfeed is only actual publication that printed it and that open the gates for cnn to run with it and then we eventually got to the fisa warns. adam schiff is like the michael avenatti of lawmakers, you remember him, he was counted as a presidential candidate and he is the president now over at rikers at the cellblock. adam schiff need to be held to account and that would mean the media, that is his job speaking truth to power without fear or favor to party and of course that is not happening right now because michael flynn is so 2017 od we birdie moved on to other things whether it is coronavirus lightly so and all the protests, it is past the allegation goes ten times, 1000 times more around the world th

they are big steel ships. for a while, the worry was that there weren't any steel factories that could make the kind of steel that the navy needed for armored's ships. and the first few ships of the new navy, they were steele, but they were not armored. a lot of the people in the navy department said, we really cannot do this until we can be sure that the u.s. steel industry can keep up with what we want. the u.s. steel industry said, you order the ships and we will keep up with it. that is such a good question. that is such a good way of tying these things together. the construction of the new navy was an economic boom for a lot of places. >> was there in effect on the stock market crash. >> it's not helping are hurting at all yet. the stock market moved a little bit more slowly back then. the moves were not as big as they have been recently. ultimately it will. ultimately, it will help the steel companies be more secure and be a better investment and then people will start to sort of invest in the stock mark

they knew something about christopher steele? apparently -- >> they sure did.: -- more than they ever acknowledged. tell us about it. >> yeah, it's very important. i was on your show about a month ago, and i had gotten some documents from london in which christopher steele said, listen, i told the fbi boys the second i i got started that i was working with hillary clinton and the dem fact national committee. and, of course, there's never been ancillary evidence to back that up at the fbi. well, it turns out there are july andth, 2016 -- 13th handwritten note that show that the agent handling christopher steele was telling that supervisor three months before the crisis that they knew hillary clinton was connected to the research project christopher steele was doing. and there's a series of e-mails where a confidential human informant, hey, those people you're dealing with, fusion gps, christopher steele? they're connected to the democratic national committee. so it appears that christopher steele was telling the truth, and the fbi just forgot to look for these r

elizabeth: and so, it was democrats who helped fund the christopher steele dossier. fbi used that opposition research to launch the trump russia probe. senator graham said yesterday he denied access to interview an fbi case agent and fbi intelligence analyst who met and interviewed steele's source in january 2017 saying you know what, there is no there there. still they're stonewalling. still the media is not covering things like the rod rosenstein, second most powerful guy at the justice department, media did not give any coverage of that last week. your reaction? >> that is also predictable. i think rod rosenstein's role in this whole thing will go down as a very bad one. don't forget he is the one who also picked mueller to lead the sham investigation which turned up no evidence of collusion and it was his job in this particularly unusual fisa situation to closely examine a warrant that was being reauthorized after several months from the original authorization. so he totally failed. there is a lot of questions to be asked but mainly the questions are to be asked

we talked about the steele dossier, but as you know, at the time christopher steele wasn't on the oppositionearch, and he was also retained as a confidential source for the fbi. is that correct? >> i don't know all the details but, what was the basis for reit and that was incredible. the inspector general suggests that they misstated that or overstated their basis for believing he was credible. >> they noted that, they may pass some information useful to the fbi, do you remember that? >> so at the same time it was a confidential human source, on the payroll, and he was ultimately terminated by the fbi for violating, and that was bruce ohr. >> that is my understanding. generally i believe that's correct. if we could put footnote 350 on the vaccine, i asked attorney general barr back in may of 2019, can we state with any confidence that this was not part of the russian misinformation campaign? >> that's one of the areas that i am reviewing, and i don't think it's entirely speculative. well, we know who is in charge of the counterintelligence commission, that they were a part of a russian disin

i am guy johnson with alix steel. this is bloomberg markets. the rotation continues when it comes to the ethics office we are watching so carefully. we are getting important data. >> this is my second most favorite desert island indicator because it gives you a good read at what everyday people are looking up. the current conditions index is what i want to pay attention to. our people shopping? it looks like yes. like 87.8. that beat expectations for june. expectations are rising higher. this is as the economies in the u.s. are reopening and we are dealing with can we handle that. on that level, it looks like a positive indicator when it comes to the consumer guide. what is interesting are the responses. normally this data is not very exciting. in the united states, it is dictated by what they are getting at the gasoline pump. shifted to focus on groceries and products such as hand sanitizer. inflation expectations were dramatic in april. they are at 3.1% in terms of the survey and 3.2 percent last time around. the last year, that number was si

alena beverly and michael steele, thank you.re out of time, that wraps it up for me on sunday night, i'm nicole, thanks for watching. i'll see you back here tomorrow 3:00 p.m. eastern with my colleague brian williams. news continues with "kasie dc," with kasie hunt. keep watching. keep watching. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i don't have to worry about that, do i?are irritated. harmful bacteria lurk just below the gum line. crest gum detoxify, voted product of the year. it works below the gum line to neutralize harmful plaque bacteria and help reverse early gum damage. gum detoxify, from crest. you're clearly someone who takes care of yourself. so when it comes to screening for colon cancer, don't wait. because when caught early, it's more treatable. i'm cologuard. i'm noninvasive and detect altered dna in your stool to find 92% of colon cancers... ...even in early stages. tell me more. it's for people 45 plus at average risk for colon cancer, not high risk. false positive and negative resul

they are mounted on a steel barge. when mixed, the concrete is poured into drop bottom buckets.ngs the bucket out over the dam, where the concrete is to be deposited. farms have been prepared, deal reinforcement rods are put in the concrete. -- early in 1936. the bucket deposits its load. and the crane goes back for more. the authorities made this project near shallow battlefield and southwestern tennessee. before construction could begin however, exhaustive study of the foundation had to be made just like at wheeler. this part of the process is known as core drilling. a steel cylinder with the diamond studded ring attached to the end boris its way 100 feet or more into the bedrock. the cylinder encloses iraq or as a descends. the process is just like ordering an apple. good engineer requires many such the cause 2500 dollars each, and wear out after a few months use. the corps carefully removed and placed in trees, and a notation is made up the depth from which the specimen is made. samples are then shipped to the laboratory protests and analysis. the court has many checks a fou

and christopher steele's own source said it was speculation and hearsay and had russian disinformationrom rod rosenstein the second most powerful official in the justice department was not picked up by cnn, msnbc and went from late morning to early afternoon, none of the three broadcast networks, abc, nbc, , it did not air it, maybe some of them live streamed on the website, everybody's okay with the politicization of theni intelligence community to go after a political opponent. >> put in context for a moment, when the russia investigation was going on even before the mueller investigation started media research center compiles the evening newscast is only 22 minutes, it's really hard to get to this number, more than 2200 minutes, 2017 to 2019 on russian collusion in the investigation. if you added into cable news network said to begin with fox, then you're probably getting into the hundreds of thousands of minutes. all of that time for that and then when were following up how this happened, why this happened, no coverage whatsoever and there's no accountability. think about this for

steel industry and to make sure, as hs2 goes forward, that it maximises the use of u.k. steel. i'm proud to say that 98% of the countries -- companies that have signed up to deliver for hs2 are based in this country. andy slaughter: when the prime minister was forced to publish the review of the risks covid-19 poses to black and minority ethnic groups yesterday, why did he remove reference to the 1,000 responses to the review, many of which cited structural racism and discrimination as root causes of higher risk? if, unlike trump, he seeks to represent the whole country that he is elected to lead, what action is he going to take to show that in tackling covid-19 and wider racism in society black lives matter? p.m. johnson: i think that the honorable gentleman may have missed some of the earlier answers i have given, but he is wrong when he says that this government were somehow forced to publish a review. this government commissioned the review because we take it incredibly seriously. it is our review, and yes, i do think it intolerable that covid falls in such a discriminatory

i am guy johnson with my colleague alix steel in new york. enjoying a victory lap over the last 24 hours, the value trade has done so well, really taking off. alix: it is going to be a tough day. we are off the low of the session. we are trading higher on the s&p 500 and you can see a trade -- playing across the board. the 30 year bond auction later today and all of that setting the stage for, is this a blip or are we turning the corner to a meaningful correction because we are looking at data that is not matching up? we will debate the real economy later on, speaking with two ceos. we have industrials in housing covered. the initial jobs claims yesterday as well as a second potential wave of the virus in the u.s., let's get to the unemployment claims continuing their decline. jay powell said yesterday there may be millions of people who do not get back to their jobs and it may be a while before they find jobs again. joining us is michael mckee. if we had gotten this jobless claims number a few days ago the market would have said, it is not a

i'm guy johnson with my new cohost alix steel. alix steel and i think this is a to do a resetity for what we do for you. the plan is we are going to focus on two or three events shaping the global news agenda. we will hit all the angles and provide some real context. i am looking forward to it. i am hoping that will be fixed soon. in the meantime come out let me tell you what we will be talking about. china, ande break, about the rioting in the united states. let's break down the data. the ism manufacturing number has come in at 43.1. that is shy on the consensus, which was 43.8, but ahead of where we thought things would be at bloomberg economics. the headline number is a bit of ordersaly because of the and the duration of orders component, which messes things up a bit. that number is coming in as expected. the employment numbers picked up as well, and the prices paid number picked up strongly. let's get a look at what this means for the u.s. economy. giving us that assessment is that she's shot -- is ashish shah. from goldman sa

steel. i am proud to say 98% of the country -- the companies that signed up to deliver are based in this country. >> that -- why did he remove reference to the response to the review many of which cited structural racism and discrimination with higher risk. if he seeks to represent the whole country he is elected to leave, what will he take to show that and arrange society, black lives matter? >> i think he missed the answers i had given but he is wrong when he says this government was forced to publish a review. it commissioned the review because we take it seriously. our review, i think it is intolerable that covid-19 falls in a discriminatory way and different groups in our country and that is why we are going to insure the minister free quality pics of that report and sees what practical steps we need to take to protect those minorities. >> thank you, mister speaker. my right honorable friend is focusing on keeping people safe but that task goes beyond covid-19. can my right honorable fr

john durham, zeroing in on christopher steele's receipt, perhaps, of a russian disinformation campaign's going to be fascinating as well. what are we to expect there? >> well, there's two significants to this. one is, first, if the fbi knew there was russian disinformation and they told the court, which we now know they didn't, that's a problem in the fisa process, right? there's an abuse of the fisa process, an intention aal misleading of the fisa court. but i think there's a second area that john durham's looking at, and that is the intelligence community assessment and whether there was pressure applied and whether people have told the truth about how they came to the assessment that russia was trying to help trump win and hillary lose are. and here's why that might be significant: if steele was being fed disinformation to tarnish the reputation of trump, it undercuts the entire intelligence community assessment that russia was trying to help trump. you wouldn't be undercutting trump if you were trying to help him. there's two very significant angles that he's looking at there. lou:

steel.bling after raising more than $400 million in a new common stock offering disappointing quarterly guidance also is weighing on x u.s. steel down 12% which has fallen more than 25% for the year. we're going to take a quick commercial break stay with us on "squawk on the street" as we look at stocks that are mostly lower. big cap tech was holding up. the nasdaq went negative the dow is down 70 points. e arofheoun about double that at thstt t hr. we'll be right back. ♪ ♪ ♪ ♪ a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. and tailored recommendations. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and securit

alix: i am alix steel. this is the european close. headlines from the virus in the u.s.. the latest is florida covid-19 positively at -- positivity at the highest since april with hospitalizations at 11%. guy: these are numbers worth paying attention to do -- paying attention to. i wonder whether the market will continue to ignore them. we will see because the rate of change continues, these numbers could get scary. the s&p is absolutely flat right now. we are marking time. the european market is outperforming a little bit which is worth paying attention to. the cac and the dax are doing well. peripheral markets are doing less well and more flat. the pound is worth paying attention to. we have very weak inflation data. euro is down versus the dollar. the pound is down versus the dollar. the dollar is strengthening and that will weigh on market sentiment. we had the biggest by germany today in at least six years. increasing, it will be interesting how the market digests it. it comes back to this argument ultimatelyirus and you have to make a choice on that you position you

michael steele, here's my question. does the book change any minds in your party? do we all watch together as mitch mcconnell, for one, just one member of that red wall, finds a way to say he's not bothered by asking china to help in the re-election? >> at this point i don't think the book changes anything in terms of what republicans are going to do. they've already exposed what they're going to do. we saw the play from the mueller hearings and from the impeachment trial. so the book at this point is more like a coda, you know. it's just like the final note on a song that we are all too woefully familiar with. i don't know how this incentivizes the gop or mitch mcconnell as the leader to take a different tone or tack with china at this point. you know, there will be the typical, you know, platitudes about, you know, the potential threat that china has or any of our adversaries may have in our upcoming election and, you know, the bromides that go with that. but other than that, i don't see what changes at this point. >> steve schmidt, is bolton's courage dependent

it was the steele dossier. they never tried to verify it.y used it all the way through june of 2017. in january of 2017, the russian subsource appeared for three days before fbi agents and said this is a bunch of garbage. we're going to find out what happened. and i'm not going to let these people blame some low level agent or intel analyst unless that's the truth and i don't think it is the truth. >> maria: so what you're saying is, if they knew in january of 2017 that the dossier was garbage and the guy from russia who brought them the dossier to christopher steele also disavowed the dossier and yet they still used it to continue getting rewarrants, re-upped warrants for carter page then that was fraud and that -- you think that could mean jail time, if you can prove that they knew it and they used it anyway? >> well, durham's -- what did horowitz tell us? he found a memo in the file where the intel analyst who interviewed the subsource said that subsource denied the details in the dossier. that he didn't provide all this. he doesn't know