department of treasury and the u.s. federal reserve and individual states. japan's steel industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan the japanese iron and steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the us in the republican party from trump's very own party that tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok now

department of treasury and the u.s. federal reserve and individual states. japan's deal industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan and the japanese iron in steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the u.s. in the republican party from trump's very own party the tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok

u.s. department of commerce report only one-quarter of women hold jobs in stem fields in the united statesl stanley hopes these kids will see themselves in these characters. >> the kids can get a feel for the technology seeing themselves there and seeing themselves behind the scenes going forward. >> reporter: in oakland, lyanne melendez, abc7 news. >>> very inspiring. >> let's talk about that snow, wind and rain and spencer will have the seven-day forecast next. >> stay with us. >> track today's storm a >>> it has been a roller coaster of emotions for a family in richmond who spent the last year fending off foreclose sure. michael finney is there with the story. >> this family got creative in a last ditch effort to stay in a home that has been with them for generations. days after thanksgiving and four generations of one family are enjoying a sunny day outside their home in richmond. two youngest grandchildren. along with their mother. and then grandma betty along with great grandma george. grandma has been in this home for 43 years. betty suffered severe nerve damage and couldn't walk in

u.s. department of commerce report only one-quarter of women hold jobs in stem fields in the united states. cal stanley hopes these kids will see themselves in these characters. >> the kids can get a feel for the technology seeing themselves there and seeing themselves behind the scenes going forward. >> reporter: in oakland, lyanne melendez, abc7 news. >>> very inspiring. >> let's talk about that snow, wind and rain and spencer will have the seven-day forecast next. >> stay with us. >> track today's storm any >>> it has been a roller coaster of emotions for a family in richmond who spent the last year fending off foreclose sure. michael finney is there with the story. >> this family got creative in a last ditch effort to stay in a home that has been with them for generations. days after thanksgiving and four generations of one family are enjoying a sunny day outside their home in richmond. two youngest grandchildren. along with their mother. and then grandma betty along with great grandma george. grandma has been in this for 43 years. betty suffered severe nerve damage and couldn't walk i

department of treasury and the u.s. federal reserve and individual states. japan's seal industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan the japanese iron and steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the u.s. in the republican party from trump's very own party the tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok no

u.s. department of commerce report, only one-quarter of women hold jobs in s.t.e.m. fields in the united states. cal stanley hopes these kids will see themselves in these characters. >> kids need visual aids. we all do. and if you can see it, then you can be it. and if it can be conceived, it can be achieved. >> reporter: in oakland, lyanne melendez, abc 7 news. >>> meteorologist drew tuma is standing by with an update on the forecast. plus e-cigarettes might help you stop smoking but they could double your risk of another health probl >>> there could be a link between e-cigarettes and risk for heart attack. as jonathan bloom explains, some say it's too early to draw any real conclusions. >> reporter: inside his office ucsf professor grants has a growing collection of cigarette packs. >> candace working toward them -- >> reporter: covered with images what was smoking can do to you. >> you get cancer-causing chemicals and other bad things that you don't get with an e-cigarette. >> reporter: electronic cigarettes and vaporizers have been marketed as a way to quit smoki

u.s. department of commerce report, only one quarter of women hold jobs in stem fields in the united statesopes these kids will see themselves in these characters. >> kids need visual aids. we all do. and if you can see it, then you request can be it. and if it request can be concei can be achieved. >> they'll make a big difference. besides oakland, disney's donation will help boys and girls clubs in 11 other cities in the country. "black panther" is the fourth film to earn $100 million in its second weekend. it made $400 million domestically. disney, of course, the parent company of abc 7. and with that is corre, thanks for joining us. >>> that is part of this job. >> oak land mayor libby schaaf receiving threats amid a controversial decision. tonight, she's standing by her warning of possible ice raids. >>> a tree trimmer killed, and now several homes are under a shelter in place order. >>> the university of san diego's men's basketball coach is facing domestic violence charges here in the bay area. the action the school took today, following his arrest. >> that snow you're seeing in the

u.s. markets are closed nationally banks looks like global markets plus we look at the japanese steel industries response to the u.s. commerce department proposal to impose curbs on steel imports into the united states all of that coming up but first let's get to some headlines. as the olympics continue in south korea korea south.

department offing a gull tour working with the u.s. trade representative, work with the department of commerce, certainly work with the state department, brings a lot of different resources to bear on the government kind our, a, -- kind of, and one of those things that resolve these things internationally could also find when you have another pressure point, that i may be using a nontariff trade barrier to keep your products out of my country, and then i have a hiccup on a sanitary issue other and all of a sudden i'm willing to sit down, let's talk about your suspect please don't shut the gate on mine. so like any negotiation. >> ick ask and kent you touched on this as well. there's really generally speaking three ways settling a dispute. unilateral action, you view it a grievance, decide to implement a tariff, and it's a one-way deal. typically retaliation is involved there, and there's bilateral action, and then there's the multilateral going through the wto. it sounds to me like both of you are typically generally supportive of the bilateral action when comes to settling disputes in the agricultural trade. is that generally fair to

department of agriculture working with the u.s. trade representative, working with the department of commerce, certainly working with the state department, it brings a lot of different resources to bear on kind of the government-to-government kind of action. that's, you know, one of those things that resolving these things internationally can also find, you know, when you have another pressure point that i may be using a non-tariff trade barrier to keep your products out of my country and then, you know, i have a hiccup on a sanitary issue and all of a sudden i'm willing to sit down, hey, let's talk about your product and please don't shut the gate on mine. so a lot of these are like any negotiation. >> can i ask -- and, kent, you touched on this as well -- but there's really generally speaking three ways of settling a dispute. you have your unilateral action, you know, you do a grievance, you decide to implement a tariff and it is a one-way deal, typically retaliation is involved. there's a bilateral action, which is you mentioned the dispute settlement courts that are available when we have free trade agreements with country. then the

of american businesses ever export anything. to try to correct this, the commerce department has established foreign commercial service teams in 73 major cities throughout the u.s we are also present in 108 international cities and embassies abroad. you will be happy to hear they do not charge for their services, but they can guide you to make overseas business connections possibly overseas investments and help you deal with the complexities of initiating international activities. especially businesses like yours can develop and export through e-commerce. i was in laos recently and i ran into a young american couple that started a business over the internet selling high-end fabrics to the interior decorating communities in new york, paris and other major cities. they never left mouse to do it. they bring into social media and e-commerce and i think it's a very important thing to think about. one graduate of the program here today is natalie from catalyst enterprise in salt lake city. [applause] i guess she has a large family. [laughter] the manufacturing business grew 400% because of the export held from the department of commerce and she now sits on our depart

trade.e breaking news on vonnie: we will waiting for the results of the investigation at the commerce department and sources tell us that u.s department is set to recommend a 7.7% aluminum tariff. dutiese wants to do 3.5% -- 23.5% duties on china and russia aluminum. -- 7.7% aluminum tariffs. the commerce secretary today said results will be announced later on. this was an instruction from the president last year to the commerce department to open the investigation under section 232 of the trade expansion act of 1962. we will get official word later but as of now, that is what sources tell us. mark: let's look at european equities and how they finished the week, you see green on our function, which tells you a story for the day and for the week. four days of gains. nding a three-week losing run, the longest since june of 2017 on the back of the biggest weekly drop for the european share gains with the stoxx 600 in two years. the benchmark last week falling 5%. this is another great chart, investors driving up yields on german bonds on speculation of faster growth in the european region and the diminishing risk of deflation

. >> reporter: the commerce department found cheap imports of steel and aluminum flooded the u.s. in recent years. the agency is rec president trump put restrictions on imports to restore u.s.he production80% of capacity. steel plant are running at less than 3/4 ofapacity and aluminum, less than half. there are three categories of blanketed tariffs for all, the second, targeted tariffs. finally a limit on the amount each country could exported to the u.s. the steel and aluminum agencies have urged washington toer considtrict penalties that would preserve their business. the ceo of in a -- of majesti steel w on capitol hill. >> without a strong industry it is a risk to our whether it comes to national security, infrastructure orra gene economic needs. >> reporter: some worry action would lead to higher prices and escalate trade tensions with china and other u.s. trang partners. in a statement, the business round table said, quote, we are very concerned using this tool will hurt the overall u.s. companies, american workers, and consumers. while the a recommendation for strong action

of the three remedies. we think the objective the commerce department got correct. the u.s. to come back. we think that any of those remedies will do that, or an alternative as the secretary of commerce said that the president to choose something else. as long as the objective is achieved, we are good to go. alix: you could have 7.7% of imports from all countries. canada, should can other be exempt? mike: if you look at the report, it suggests that whatever the tariff and/or regime is, it should be apply to everyone. we think that that is important and is clear in the report. alix: how many people do you hire? mike: immediately, we would bring back all of our 150,000 tons of the roughly 700,000 tons that the commerce secretary predicted could come back. we have a plant in south carolina and it is more complicated. we need to solve a power issue. that would be another 350. up to 700 people would come back. l in kentucky, good paying jobs. that aames mattis argued might antagonize allies and have that repercussion. how do you think about that? mike: targeted, broad, the for --

u.s. may slap tariffs on imports of aluminum and steel. china's commerce departmentays beijing will take necessary man -- measures to protect its own rights. nationwide rallies to the demand lawmakers act on gun controls pimm students who up -- controls. students calling president trump's needlessly divisive. the president criticized democrats and the fbi over the attack that left 14 students at three does that. >> people are saying that it is not time to talk about gun control. we can respect that. here's the time. march 24 in every civil city. we will be marred -- in every single city. we will be marching as students march if our lives. this is not about the gop. this is not about the democrats. we feel neglected. at this point, you are with us or against us. christine: an iranian plane has crashed, with all six the five people were killed. it came down in a foggy mountainous region of southern iran. kilometers of the capital of iran where the plane had taken off. the head of slot via's central bank has been detained by the anticorruption bureau. followed a surge b

farming a portfolio of vegetable sees has emerged -- seeds has emerged. u.s. commerce departmentuties on aluminum foil from china after concluding that the country's producers are receiving unfair subsidies and dumping the products in the american market. on duties will be imposed chinese aluminum foil for selling the products in the u.s. below fair market value. the trump administration se duties for the unfair advantage that chinese producers receive. that is your bloomberg business flash. manus: europe's largest conference is underway in germany. matt miller is over there. good morning to you, matt. i am here with the ceo of invest europe, michael collins. i am going to talk to him about how the -- this year is different from last year. how much has the climate changed? we have had this protectionist rhetoric out of the u.s. we have had brexit negotiations start to get rolling. do you expect 2018 to be a lot different from 2017? is goingi think 2018 to be at least as good as 2017. over the last four years the private equity in europe has been raised. right now these political

the commerce department is recommending the u.s. imposed tariffs or quotas on imports of aluminum and steel. wilbur ross says the current metal imports threatens national security. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ emily: i'm emily chang, and this is "bloomberg technology." coming up, robert mueller unveils the details of a widespread and coordinated campaign by russians to influence the u.s. presidential election using social media to spread their message. snap's earlynside days to show the company's journeys from one of silicon valley's hottest startups to one of the prominent ipos of the year. latest from the and technology are gathering in los angeles. we will bring you the highlights including our conversations with ted leonsis. first to our lead. u.s. special counsel robert mueller has charged 13 russian nationals and three corporations with interfering in the 2016 presidential election by using social media. fake rallies and secretive operatives. here is deputy attorney gen

u.s. imports of aluminum and steel including a tariff of at least 24% on steel imports from all countries. isna's commerce department beijing will take the necessary measures to protect its own rights. noble group says it is confident that rebuilding its business and asia despite flagging a fourth-quarter net loss of up to $1.93 billion. they are restructuring talks with stakeholders have been productive per chair holders have criticized a deal announced last month to restructure $3.5 billion worth of debt. india's ceo bank says it has exposure of about $412 million to a fraud against a bank in a case linked to a billionaire. three people have been arrested over the alleged $2 million scam, including two employees of pnb. they are accused of using fake pnb guarantees to fraudulent lee obtain loans. bankers are said to be at risk of losses. bridgestone's sale as the tokyo opened after it missed estimates per guidance released after the friday close for operating income of $3.5 billion. about 4.5% below the average it was based on a dollar yen exchange rate of 108. global news, 24 hours a day, powered by more than 270

the department of commerce and all will say everything is basically okay in the u.s.tionship, but it's not because you look at the top and there's greater and greater doubt. we even saw as phil rucker pointed out, kristin nelson, the secretary of homeland security canceled a trip to mexico. the timing of this seems more than coincidental, there seems to be a fraying of concern, attention, and presence of the united states in the mexico relationship. >> phil rucker a huge component of this relationship between the u.s. and mexico, between the u.s. and canada centers on trade. nafta talks have been going on. what do officials say? canada is weighing the possibility here that we could see that deal fall apart. >> that's exactly right. that's the fear that both the canadians and the mexicans, considering the public comments president trump has made. i'm told behind the scenes the various administration officials are working more collaboratively with mexico and canada on nafta negotiations. that's one of the reasons president peÑa nieto was planning to come to washington t

commerce secretary says the u.s. may impose quotas on imports of aluminum and steel, including a tariff of 24% on steel imports from all countries. jenny is -- china's commerce departmentaid beijing will take necessary efforts to protect their own rights. survivors of last week's florida school shooting have called for nationwide rallies next month to demand lawmakers act on gun control. students focused their anger on president donald trump, calling his response needlessly divisive. he criticized democrats over the attack which left 14 students and three adults dead. >> people are saying it is not time to talk about gun control. we can respect that. here is the time. city we in every single are going to march together as students begging for our lives. this is not about the gop, the democrats. this is about the adults. we feel neglected and at this point you're either with us or against us. >> strong words from upcoming student leaders. global news 24 hours a day. this is bloomberg. a quick check of the markets. we are to take a look at new zealand, down 2/10 of a percent going further into session. you can see where the u.s. dollar is trading. more next. this is bloo

of stocks nucor, u.s. steel and alcoa jumping on the back of the new recommendations for the commerce department on steel tariffs. kayla tausche broke the news in washington with the details. >> the commerce department today confirming it recommends steep tariffs and quotas on steel and aluminum coming into the united states, moves intended to restore production capacity in industries that have suffered the cheap imports flooding the market there are three categories of recommendations first reported by cnbc. the first is blanket tariffs affecting all imports into the u.s. the second is targeted tariffs for certain countries which would exclude canada and nato allies except turkey finally a limit on the amount of a country could exfort the u.s. is the third option. wilbur rot told reporters that the president will be the sole judge on what the right outcome will be, that the deadline for this announce system the middle of april but the u.s. should expect other countries to challenge this once it's announced. back to you. >> kayla, thank you. >>> a good day for the markets but not a good day for shake shack inves

of u.s. aluminum and steel producers are rising today. you are looking at century aluminum company core, and -- , those aluminum, nucor companies closing higher by 2%. the commerce departmenting that the president pose -- impose a range of restrictions on steel, including tariffs and quotas. joining us now is our metals and mining reporter. talk about the numbers that are being proposed. even though this is what the commerce department came up with, the president has leeway to use them or not? disclaimer on all of this -- what the president decides in two months is what happens. we have all of these numbers that came out today, markets often trade on speculative information that is how you can view what happened today. what they laid out for aluminum and for steel were very similar. three different steps. across-the-board tariffs. across-the-board tariffs for steel and aluminum. the second was we are actually targeting higher tariffs to certain countries. for aluminum, for countries, steel, 12 different countries. everybody else wondering what about us? you can only export to the u.s. equal to the amount that you did last year in 2017. in the last one, it is an across-the-

department can be impactful. and tia as -- commerce has led the u.s. government when it comes to new and emerging technologies. that leadership requires continued engagement from american industry and from all of you. order to ensure that american entrepreneurs are able to take risks and find global markets for the digital products and services, we need to make to that we're treading the. on such issues of artificial we are looking for industry to help us make the right choices. as many of you know, the president issued an executive order on strengthening the cyber security of federal networks and critical infrastructure. it sought to promote action against botnets. botnet attack can be extremely damaging and put the broader internet at risk. wereepartment of commerce asked to identify actions i can be taken by stakeholders, recognizing that we cannot solve this problem through government regulation. the departments issued a draft report on enhancing resilience against botnets. we relied on an open process to generate ideas in the report. i want to thank those of you who participated. the report outlines the positive vision for the future, as well as five, trickles that would improve the resil

that is the most severe of three options from back in generate from the u.s. commerce department.enefiting u.s. steel producers and will hurt china the most. they say it is not as bad as it may seem. in 2017 10 other countries other than china exported more of steel to the u.s.. are waiting for a reaction that china's top steelmaking city may expose further curves at the end of the winter season, which could see moves. it is a few of the things you're watching in tokyo and seoul. let's check in to gauge their reaction. moves ofeing heavyweights edging slightly higher. we are seeing a jump in steel after delivering an earnings beat underlying earnings. we have the interview with the ceo later today. on the markets. back here in the u.s., that we can warning we talked about. goldman sachs economists saying that stocks may punch 25% with yields on a 10 -- it foreign half percent. -- 4.5 percent. that will grab wall street's attention. that is the top story on the bloomberg. economic reports to watch out for. that goldman know, pretty clear. it will definitely grab attention. they're

of blanket in a memo mattis said he would recommend the u.s. government pause before taking further steps on aluminum. the u.s. commerce department sittinged new limits on chinese steel, but president trump said he has not yet made a decision on the matter. >>> the u.s. commerce secretary yesterday said that the u.s. president is focused on finding a favorable trade balance between america and the european union. >> the u.s. is the least protectionist major country. the eu, if you think of it as one company, because for trade purposes it really is, is one of the most protectionist countries. so anything that changes their favorable trade balance with us gives them a little bit of anxiety. frankly that's a good thing. we've been patsies for too long. we've been suckers for too long. president trump is now trying to pick that. >> wilbur ross there talking in washington yesterday >>> also in washington, robert mueller filed 32 new charges against paul manafort and rick gates. the charges include bank fraud, falsifying tax returns and money laundering a spokesman for paul manafort said he is innocent and the new charges have nothing

of doing business. take a look at steel and iron producer stocks. the commerce department initiated an investigation on welded pipes from canada, greece, china, india, turkey. a few u.s. steel companies talked about the investigation. president trump may announce widespread tariffs on steel and aluminum. so those stocks ones to watch as well. the trump administration has imposed tariffs on solar panels, washing machines, lumber, paper, steel and many products. some products like paper more targeted at canada if you like and others more widespread. trade and inflation, two big ones. >> trying to level the playing field. so what is next? gary b. smith and bob is here, too. good to see you both. gary, we've been all over the place. smaller moves we should say today. nonetheless, you know, down so much and then ending in the green. is volatility here to stay? >> i think for a little bit, trish. normally after you have those couple 1,000 point swing days, people are trying -- traders especially are trying to figure out is inflation real? we're going to get a report tomorrow. that will have an impact. >> trish: can't wait. >> is it going to affect the market? for mom, the

of congress is considering putting tariffs on imported aluminum in steel. tram said he wants to protect u.s. producers being hurt by unfair trade practices. the commerce department is investigating china and other countries for allegedly dumping cheap steel and aluminum products on our shores. true end to e.u. could soon be seeing tax-free bonus is thanks to that to be unveiled today. lauren: they are more than crimes i guess if that happens. tracey carrasco with more on that with the news this morning. the whole thousand dollars it could be. >> a republican lawmaker to unveil legislation that would make most bonuses given out tax-free and take a nancy pelosi with representative todd rokita from indiana has dubbed its bill that creating relief in useful middle class benefited dating or crimes act. pelosi famously refers to bonuses as crimes in criticizing the tax plan last month. it would make bonuses received by the worker is tax-free up to $2500. cheryl: is there support for this? >> i'm not sure, but with a name like that who knows. cheryl: i kind of like it. lauren: chipotle has major problems for their bottom line this year so they're making changes at the

the other piece of news is that one of the biggest risks to world trade is possible import tariffs from the u.s. administration, from the commerce departmentdo you worry that we could see a trade war? >> i was hoping it was more rhetoric than actually imposing the tariffs. we have a proposal for specific industries. there are industries that the u.s. will never do well in those industries. now ise u.s. needs to do to find industries where it has a comparative advantage and move ahead. the administration is saying they will impose tariffs. robotics, artificial intelligence, everywhere you go, you hear about the impact it will have on the economy, yet the u.s. saying we will build steel and aluminum to employ workers. i think it is a crazy idea. francine: how much do we know about whether they will indeed impose these tariffs? they are looking at weighing tariffs as much as 53% on steel and 26% on aluminum. >> that is part of the problem with the trump administration. they are not providing guidance. it could come at any time. after these huge tax cuts, which the community welcomed, i think this is going to go down badly in the business comm

u.s. steel, ak steel, new corps, they are moving higher on a bloomberg report that president trump says he wants a tariff of 24% on steel imports it was one week ago today that the commerce departmenty believe that imported aluminum is a national security threat, which gives the president the option of perhaps doing 24% duties on imported aluminum. now we are hearing perhaps something is coming when it comes to steel not surprising he talked about this on the campaign trail an awful lot. >> late on a friday. >>> meantime, we are just moments away from the curling. there is the flame in south korea as we head into the final weekend of the winter olympics men's u.s. curling team beat canada last night. launching them into the gold medal match against sweden tomorrow but first, it's the women's curling semifinals tonight sweden and great britain face off for a spot this the gold medal match. that's all coming up moments from now at the top of the hour. >> from olympian to entrepreneur our next guest was the first american women's free style skier to win multiple medals she has since opened silver bean company in salt lake city and founded a team building company. she is also the autho

to debate a commerce department nomination. live coverage of the u.s. senate. the president pro tempore: the senate will come to order. under the previous order, the senate stands adjourned until senate stands adjourned until live coverage of the conference should continue shortly on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations]