us steel has warned it might have to close factories without the investment that would come with a newer, concerns that had been echoed by some workers and local politicians. here's the nippon steel boss speaking in tokyo. translation: due to the illegal olitical translation: due to the illegal political intervention _ translation: due to the illegal political intervention by - political intervention by president biden who responded to political lobbying, the committee for foreign investment in committee forforeign investment in the united committee for foreign investment in the united states failed to conduct a review properly and has led to the presidential order. we can never accept it. what president—elect trump has repeatedly said is he wants to make manufacturing strong again and once again enrich the lives and once again enrich the lives and future of manufacturing workers including white working—class people. this is exactly what we are doing. ulrike schaede is professor of japanese business at the university of california, san diego. welcome to bbc news. give us your take on t

now, responding to the report of mr biden�*s imminent decision, us steel said in a statement that thepany hopes mr biden will do the right thing and adhere to the law by approving a transaction that so clearly enhances us national and economic security. but if the reports are accurate, he will likely block the deal. us steel, though, has indicated previously that it may file lawsuits, including against the biden administration, if the president decides to block the acquisition. some are also watching what mr trump may say on the deal because during the election campaign, while he opposed a deal, that was before all the new proposals made by nippon steel, which is trying to, i guess, show commitment to protect steel production in the united states. and if mr trump decides that the deal could be good for the us economy and manufacturing, according to experts, he could actually nullify mr biden�*s decision. let's stay in the us where shares in electric car—maker tesla have fallen sharply after it reported its first drop in annual deliveries in more than a decade. tesla shares have been b

national security by owning us steel. be more interested in expanding steel production in expanding steel production in the united states so expanding manufacturing generally. howl expanding manufacturing generally. how i would look at this for markets is not so much the binary, will they, won't they, with nippon steel, it's how trump can expand steel production in the united states so he is likely to look at a variety of tools to do that. not only the nippon steel deal but also potentially without investors getting involved. that incident, only on my part. but that backs into his national security goals. switching gears onto tariffs and that report that they are exploring tariffs on critical inputs only so those tariffs may be narrower than originally feared. 0f may be narrower than originally feared. of course there is this news that it is called fake news that it is called fake news but what do you make in all of this developments on tariffs with yellow a couple of things, one is that markets ever since trump was elect

from the financial world to say, look, let's look at alternative ways that we can make sure that us steel but is producing steel.— steel remains in hand but is producing steel. let's take a step back — producing steel. let's take a step back for _ producing steel. let's take a step back for a _ producing steel. let's take a step back for a second. - is the united states becoming more skeptical of foreign direct investment? or is this a one off? the arteries. _ or is this a one off? the arteries, it _ or is this a one off? the arteries, it depends - or is this a one off? the arteries, it depends on | or is this a one off? iie: arteries, it depends on what country of what industry it is, michelle. if you get a situation where chinese investment was going to be involved here, this deal would have been rejected out of hand. if you get a situation where it is a british investor, i think it's a different question. one of the difficult things about this decision, which i wrote about last night, was that japan, as you pointed out, is a very close us ally. there is... the government has got frankl

, taking over the symbolic american company, us steel, it is critical that we have a strong domestic steel industry that protects our national security and our supply chains. today the president demonstrated once again that he will always act to protect the security of this nation, as well as the resilience of our supply within our new pon and us steel, which has been searching for investment to profit struggling company vowed to retaliate. we are displayed by president biden's decision to block nip, one steals, acquisition of us steel. we will pay all appropriate action to protect our legal rights, us steel, more than a century old was once a symbol of american strength. it warns it may need to close factories without the investment of nip on the $14900000000.00 takeover us steel is being bought by japan . us president elect trump also vowed to block the move plans to bolster the steel industry against chinese imports. with more terrorists, like those he put in place in 2018, the steelworkers union was against the merger. many living near us steals remainin

w, and keeping close the arrival on bitter to monopolize us blast furnace. steel production, as well as by the advisors like us trade representative. catherine type a claim that they are protecting the us steel industry. while all they're doing is actually stifling the ability to grow and compete and increasing costs, i'll economic environments. so would you say then that a takeover would actually be good for the us economy in its workforce as well? i wouldn't call it a take over. i would say that the a, the new a new fonts deal us still merger will be a benefit to the, the american economy as a whole. right. it's a $2700000000.00 investment to address aging equipment that you will see of facilities, $500000000.00 annually of new points deals, r and d, to provide cutting, edge steel making technology and those. so this, what this means is actually a more competitive american steel industry in the face of chinese excess deal capacity dumping, securing 11000 units silver for jobs and prevents a monopoly of last for to steal by a single sold manufacturer. cleveland close in the united st

us steel fight back, the company sue the biden administration for blocking the megamerger. welcome to business today with me. we begin with our top story can after nearly a decade as prime minister, canada'sjustin prime minister, canada's justin trudeau prime minister, canada'sjustin trudeau has announced that his resigning. he's been facing mounting clinical pressure after the surprise resignation of ally and finance minister. general elections will be held in late october if not earlier after which he will step down once a new party leader is elected. justin trudeau's departure about the country's economic direction in 2025. the asia—pacific foundation of canada explains how the uncertainty will impact the country's trade relations in business sentiment. in the nine years that trudeau was in power, he was focused on growing canada's trading relationships and diversifying our trade because majority of canada's trades, 76%, is dealt with the united states. but of course, we have signed a number of treaty agreements in the last ten years focusing on asia so there is cptpp, t

, taking over the symbolic american company, us steel. it is critical that we have a strong domestic steel industry that protects our national security and our supply chains. today the president demonstrated once again that he will always act to protect the security of this nation, as well as the resilience of our supply within our new pod and us steel, which has been searching for investment to profit struggling company vowed to retaliate. we are dismayed by president biden's decision to block nip, one steals acquisition of us steel. we will pay all appropriate action to protect our legal rights, us steel, more than a century old was once a symbol of american strength. it warns it may need to close factories without the investment of nip on the $14900000000.00 takeover us steel is being bought by japan . us president elect trump also vowed to block the move with plans to bolster the steel industry against chinese imports. with more terrorists, like those he put in place in 2018, the steelworkers union was against the merger. many living n

nippon and us steel fight back. the companies sue the biden administration for blocking their mega merger. hello and welcome to business today. i'm steve lai. to the tech world, where consumer electronics show 2025 kicked off in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces this year. we did see the rtx 50 series debut. they are much more powerful but we see better and better chips every year at ces. what was really imprtessive to me was that the prices are going down. jensen huang just announced that you're going to be able to get an ai pc starting at $1300. there are about 200 million pcs shipped every year. this is the next phase of growth for them. the price point is correct so i think there's correctly a lot of enthusiasm by the investor community and the tech community in nvidia right now. nvidia has been showing great strength over the last year or so as ai has gathered pace and that shows no sign of slowing down? it doesn't but companies like

that, is that the decision the white house would consider reversing or reevaluating. >> no. >> on us steel, the relationship with japan is strong and what is the national security concern the president sees by having this induction? >> use all the president's statement, he talked about the serious evaluation, how they determine evaluation and how they got to their again determination that this acquisition would place one of america's largest steel producers under foreign control and create risk of our national security . the president said he was going to let the process laid out and it has played out . if you think about our national security and our critical supply chain , sylvia referred the matter to the president to make that decision and so the president took that very seriously . he's always going to make sure that we put americans first and that is how you saw this decision play out from this president and i talked about china and how they tend to distort the anglobal market through unfair trade practices. so this is something that the president took very seriously. and took sylvia

nippon and us steel fight back. the companies sue the biden administration for blocking their mega merger. hello and welcome to business today. i'm steve lai. to the tech world, where consumer electronics show 2025 kicks off today in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces ces this year. let's bring in our technology correspondent lily jamali for more. what stood out from huang's speech? hausmann is the rtx 5000 series, new family of chips that use technology to create images that look like something out of a movie. the other thing that stood out was that he was almost making a pitch for al at the top of the keynote. as much hype and excitement as there is around ai, there is still this need to explain the case. what else is getting _ need to explain the case. what else is getting buzz _ need to explain the case. what else is getting buzz at - need to explain the case. what else is getting buzz at ces? - need to explain the case. what else is ge

nippon steel have fallen in tokyo today after president biden blocked its $15 billion takeover of us steelth companies called the move "unlawful" and nippon steel intends to take legal action, according to reports injapan. meanwhile, the country's prime minister shigeru ishiba says the us needs to explain clearly why there is "a national security concern". our asia business reporter suranjana tewari has been looking at what happens next. we are hearing that nippon steel will hold a news conference. japanese media are reporting that could happen as early as tuesday, during which we are hoping for some clarity on the next steps. that could mean some sort of legal action in the us, and that is because in the us, and that is because in a joint statement, nippon steel and us steel had called buy them's decision unlawful, and said they were left with no choice but to take all appropriate action to protect their legal rights. we do understand the proposed deal has not been terminated yet. understandably, though, president biden blocking the proposed $14.9 billion acquisition of the us deal on nat

nippon and us steel fight back.merger. hello and welcome to business today. i'm steve lai. to the tech world, where consumer electronics show 2025 kicks off today in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces ces this year. let's bring in our technology correspondent lily jamali for more. what stood out from huang's speech?

the japanese take over the us —based us steel became a major issue on the us campaign trail with boths promising to stop it overfears presidents promising to stop it over fears for presidents promising to stop it overfears for usjobs. presidents promising to stop it over fears for us jobs. if given the go—ahead it would have created one of the biggest peaks d —— the biggest steelmakers in the world. they have blocked it on national security grounds. despite... let's speak to our correspondence standing by new york. just talk us through what the allegations are here because these two firms are very unhappy with the biden administration for blocking this deal, why are they alleged it go—ahead? the this deal, why are they alleged it go-ahead?— this deal, why are they alleged it go-ahead? the two companies are fighting _ it go-ahead? the two companies are fighting back— it go-ahead? the two companies are fighting back in _ it go-ahead? the two companies are fighting back in two - are fighting back in two lawsuits announced today. they are claiming that biden ignored that the rule of law t

used to be. it is a much smaller in organisation right now. nippon steeln investment in us deal�*s productivity. without that investment, us deal cannot make investments in ageing equipment to allow it to continue to operate its plans.- to allow it to continue to operate its plans. thank you very much- _ operate its plans. thank you very much. that _ operate its plans. thank you very much. that is _ operate its plans. thank you very much. that is relations| very much. that is relations between the us and japan. let us talk about what is happening between the us and china. tencent has been hit today by the us defence department. it has added to a list of companies. china says that it might amounts to a suppression of chinese companies. we heard from tencent — of chinese companies. we heard from tencent not _ of chinese companies. we heard from tencent not long _ of chinese companies. we heard from tencent not long ago - of chinese companies. we heard from tencent not long ago when| from tencent not long ago when it said _ from tencent not long ago when it s

, taking over the symbolic american company, us steel. it is critical that we have a strong domestic steel industry that protects our national security and our supply chains today. the president demonstrated once again that he will always act to protect the security of this nation, as well as the resilience of our supply within our new pon and us steel, which has been searching for investment to profit struggling company vowed to retaliate. we are displayed by president biden's decision to block nip, one steals, acquisition of us steel. we will pay all appropriate action to protect our legal rights, us steel, more than a century old was once a symbol of american strength. it warns it may need to close factories without the investment of nip on the $14900000000.00 takeover us steel is being bought by japan . us president elect trump, also about to block the move with plans to bolster the steel industry against chinese imports. with more terrorists, like those he put in place in 2018, the steelworkers union was against the merger. many livin

us steel said it still hoped the multi—billion dollar takeover could go ahead, saying it would securesident donald trump also opposes the takeover. to peru now and a further sign of our transforming global economy. as donald trump prepares to take office with a promise of high tariffs on chinese goods, china has set its sights on latin america. a new megaport on peru's coastline that's part of china's belt and road initiative offers a direct route to china that cuts sailing times by ten days. my colleague ritika gupta went to the megaport in peru to find out more. huge unmanned cranes loom over peru's chinese funded chancay port, a symbol of beijing's growing influence in south america. situated on the edge of peru's coastal desert, some 50 miles north of the capital, chancay, a small fishing town, looks set to become a major hub for trade in a region the us has long considered its own back yard. this giant new port is a game changer, notjust for peru but for the wider latin american region. and at a time when the newly elected president donald trump is looking to clamp down on trade

it 3 all about preserving domestic production of us steel.y have pointed to, we will run decisions past you first, we will invest lots of money to grow the plants which are now looking pretty outdated and in need of substantial investment, they had bent over backwards to try and allay the administration because my concerns but it landed on deaf ears. the biden administration clearly felt that because this was a global company that ultimately market forces would dictate what the company did in the future. so thatis company did in the future. so that is the argument they have put forward in blocking this, saying they need to protect domestic steel production. steel is a key component in all sorts of production, including national security defence, is thatis national security defence, is that is why the us is taking this action today, that is white has become such a hot issue both now and also during the campaign trail leading up to the election.— adult social care in england is unlikely to be reformed for at least three years. the government ha

, taking over the symbolic american company, us steel. it is critical that we have a strong domestic steel industry that protects our national security and our supply chains. today the president demonstrated once again that he will always act to protect the security of this nation, as well as the resilience of our supply within our new pon and us steel, which had been searching for investment to profit struggle and company vowed to retaliate. we are just.

shares of nippon steel are down in tokyo today after nippon television reported that the company's president, tadashi imai, was considering filing a lawsuit against the usthe report, imai also said his company is entitled to a proper review of washington's decision to block the deal. nippon steel is planning to hold a press conference on the matter, but a date has yet to be set. and that's it for this edition of business today. thanks for watching. see you again soon. hello and welcome to sportsday with me, chetan pathak. coming up on the programme: not many gave manchester united a chance at anfield, but amad is on hand to hold top—of—the—table liverpool to a 2—2 draw in the premier league. the most followed rugby union player in the world on social media. we speak to american superstar ilona maher as she makes her women's premiership debut for bristol bears. and coco gauff and taylor fritz help the united states to victory over poland in the united cup final in sydney. welcome along. thank you for being with us. despite overnight snow, both of sunday's premier league games went ahead, including at craven cottage, where fulham drew 2—2 with ipswich, an

forging ahead — president biden will block a takeover of us steel by its japanese rival in the comingrst annual fall in sales in a decade, sending shares down sharply. trouble in the heart of europe, as germany and france grapple with political crises and economic stagnation. welcome to business today. we start in the us where, in the next few hours, president biden is set to block a $14 billion takeover of us steel by its japanese rival, nippon steel. that's according to sources speaking to both reuters and the washington post. but with just days left in the white house for biden, the big question is whether the incoming trump administration will reverse the decision and allow the controversial deal to go ahead. our asia business reporter mariko oi has more. there were reports that president biden will

shares of nippon steel are down in tokyo today, after nippon television reported that the company's president, tadashi imai, was considering filing a lawsuit against the usrt, imai also said his company is entitled to a proper review of washington's decision to block the deal. nippon steel is planning to hold a press conference on the matter, but a date has yet to be set. we will be keeping an eye on that one as the trump administration is set to take office in a couple of weeks. microsoft is gearing up to spend $80 billion on the construction of artificial intelligence data centres. in a blog post the company president said over half of that investment will take place in the united states and is expected to be completed this fiscal year. smith also called on president elect donald trump and congress to expand support for al innovation with moves such as increased funding for research at universities. and that's it for this edition of business today. thanks for watching. i will see you soon. hello and welcome to sportsday with me chetan pathak. coming up on the programme: not many gave manchester united a chance at anfield, but amad is on hand to hold to

>> president biden is blocking the deal because he says steel production that powers us infrastructuree auto industry and defense should be controlled by a us company. 's statement in which he says we need major us companies representing the major share of us steelmaking capacity to keep leading the fight on behalf of america's national interests. this acquisition would place one of america's largest steel producers under foreign control and create risk for the national security and critical supply chains. even though japan is an ally and nippon steel allow the government to veto reductions to the company's steel production biden has chosen to reject the $15 billion takeover. shareholders of us steel approved the deal because leadership in the steelworkers union and several pennsylvania lawmakers strongly opposed it. donald trump also said he opposes the deal but former secretary mike pompeo urged trump to reconsidethat position. >> it is good for the community. i hope they see this is good. we want to build things in america. donald trump said repeatedly, nippon steel agreed to invest

nippon still comes out fighting as it tries to salvage its takeover of us steel. terminal up north, could political upheaval in canada reshaped relations with one of america's biggest trading partners? also coming up, tech tensions flare with china as the us accuses tencent and others of involvement with beig and's military. and the annual consumer electronic show gets under way in las vegas. welcome. us shares are moving cautiously higher at the open after a strong run for tech shares on monday. investors are holding fire ahead of the economic data out in the next half an hour that could set the scene for those all—important scene for those all—importa nt jobs scene for those all—important jobs figures on friday. one bright spot, ai chip. getting a boost after an upbeat presentation of some new products at the consumer electronic show at las vegas. first, let's bring in victoria fernandes, the chief strategy marketed. welcome, i want to start by looking at the stock market. we have two days for games, perhaps set for a third but we have seen a pull—back in the mar

us. mr biden cited national security concerns while rejecting a bid by nippon steel. upply chains strong. australia's northern territory is home to more than 100,000 saltwater crocodiles living in the wild — the largest population anywhere in the world. although croc attacks are rare, last year saw the area's first fatal incident since 2018 — reigniting the debate over culling. our australia correspondent katy watson reports from darwin. splashing one of the world's most feared predators, this is a dream job for kelly and david, removing saltwater crocodiles that have come too close to the city. every week they're out in the water, securing the salties, as they're known here, and getting them on board safely. one little slip—up with these guys normally ends with broken jaws or something like that, you know? onto the next trap. there's 2a in this harbour that's used for fishing and even by some brave swimmers. some people may think why do you catch crocodiles. just let them be. it's ourjob to try to keep people as safe as we can. we're not going to capture every crocodi

and here in the united states, auto companies who may be using steel, u.s. steel are using a lot less of it because they want to make cars lighter, more energy efficient, and also appliances that everyday americans buy. those are mostly shipped in from abroad and using steel from abroad. so while this is going to be a big decision for u.s. steel in terms of will they be able to keep up with production if some of these mills are sold off, as u.s. steel has promised for the average american, we probably won't feel it as much just because so much of our u.s., our steel production, really comes from abroad. >> jake vanessa u.s. steel has claimed that it would close union mills without the deal. i know that governor shapiro of pennsylvania has expressed real concerns about this. what would what would be the economic ramifications? >> yeah, u.s. steel is really a shell of what it used to be in the 1940s, during world war ii. they employed 340,000 people and had steel production of more than 35 million tons. just look at it today. 14,000 employees, 11,000 of those.

nippon and us steel fight back.o and welcome to business today. i'm steve lai. to the tech world, where consumer electronics show 2025 kicked off in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces this year.

tuesday relations of intense between the 2 nations off the president bivens blocked to the purchase of us steel . 5 japanese company bite and killed the $15000000000.00 measure with nip on steel . citing national security concerns depends by minister as cool. the decision perplexing. says investments in the us and now in limbo with 2 companies filed the lawsuit on monday or tuesday. the president of unlawfully blocking the sale thrush from national security reviews. as the kind of wondering what we strongly urge do us governments to take action to the spell such a consensus. we need to hear a clear statement as to why there are security concerns. otherwise we will not be able to talk about it in the future. no matter how much we are an ally, i believe the points i've just made of very important for future relations. the emergency crews in india is northeastern state of assignment, trying to rescue a group of workers trapped inside a coal mine. a southern gosh, of water flooded the site on monday, but a lack of specialized equipment to hump and rescue efforts. the army has not been called in to

nippon still comes out fighting as it tries to salvage its takeover of us steel.

his lowest taxes president joe biden has blocked a proposed almost $15000000000.00 purchase of the us steel company by japanese rifle nipping steel, the white test said that there was credible evidence, the fed might take action that could threaten to impact a national security of the united states. while the executive order rejected not investment may not play out well in tokyo, but we just weeks until he goes before he leaves office on potentially ends his political career. is this another act of sabotage against the incoming from ministration? without the sas get, taylor has been examining the legacy that joe biden is leaving behind. the 2024. the chose us all by doing well and truly style. the you think it was undeniable? the a 2 year old was states you on his feet, but no, it turns out we'd got it all wrong. the wildest filled with haters and we'd been conned by them. and that's exactly what they are. they are cheap fix video and they are done in batch. and, and some of your news organizations have, have been very clear have stress that these right wing of the weight when critics of th

from blocking a deal to apply a us steel. the how can these democratic nations justify this kind of behaviorist, colorado of averages collateral damage? that's why we all team is leading to what we're seeing that will allow me to push back for a moment as a new assistant, corporate israel, affecting it's global, standing from the impact of the us selections, the escalating conflict in the middle east. and the urgency of climate action upfront sets the stage for serious debate on out jersey or in 2001, the us invaded afghanistan, stating its intention to build a stable state. and the minutes are you able to overcome the tyler bond. united states military has begun strikes, but off to 2 decades, trillion spend and countless lives lost. the mission failed and the telephone games full control. and you to post series analyzes the strategies and mistakes that led to that failure of chemist on the price of people coming soon on, which is 0 the powell just the the, [000:00:00;00] the hello daniel. what challenges there. i hit the rem

new orleans president joe biden has announced he's blocking the sale of us steel to japan's nip on steel, citing national security concerns. $14900000000.00 sale. what of what? one of america's largest steel producers on the phone control buys and have pledged for months. see what block it, despite the company's need for an investment and says he needed to protect domestic industry. the sale would have 4 critical us supply chains of risk. china is government has announced its economic strategy for the new year. that is to shop play, increase funds for borrowing and boost spending. it also plans to keep it small kids open to the world. despite the fact from us president elect donald trump to impose heavy terrace once he takes office. katrina, you this update from badging to this is similar to an, a popular commercial district cameron's agents. and there are many shops here. but as you can see that on to many shelters, and this picture is being reflected over the country, people aren't spending much and look, consumption is part of the reason behind china is slowing economic course. why it

to nip on steels, big to buy us steel was blocked by president buys. and last week, president biden's decision has cost tension between the 2 i as the secretary state and to be thinking is to, to visit japan this week. it's a joint session of the us congress is meeting to certified donald trump victory in november's presidential election. that is also the 4th anniversary of the storming of the us capital building. and supporters of donald trump tried to stop jo by them . certification is when of the 2020 election. mr. trump has promised to pop many of those jobs with criminal offenses that day. 2 weeks before he takes off his again, here's a look of what that could mean for the defendants. i'm city, walk or say, january 6th, 2021, and the sultan democracy. as a mob summoned by president donald trump storm cus, capital building. for people among the crowd died, 5 police officers were dead within days. the vice president and leaders of the senate and house narrowly escaped as intruders round the halls. the biggest investigation in the history of the us j

nippon steel is poised to take legal action over its aborted purchase of us steel.cover costs. and could this be a hole in one? we'll be exploring the rising appeal of indoor golf — as tiger woods and rory mcilroy launch a new league. live from london this is business today, i'm sally bundock. we begin in the us where later today in washington the certification of the election results should take place despite the huge winter storm. then in two weeks donald trump's second inauguration as us president takes place and over the weekend there has been another visitor to his florida home — the mar—a—lago resort. on sunday, italy's prime minister giorgia meloni paid a suprise visit to discuss a range of economic issues, along with the fate of cecilia sala — an italian journalist detained last month in iran. ms meloni said she was "ready to work with" the president—elect and mr trump said meloni had "really taken europe by storm." politico recently described ms meloni as 2025's "most powerful person in europe". well, hot on the heels of her visit are reports italy

country like pennsylvania, you know, stand to fire and shutdown a lot of factories that build steel, use steeln this country. they struck a deal with nippon to come in and save the industry here in western pennsylvania for example, and the president sat on this for a little while. he thought about it. then he finally said, no, we are going to block that sale. there is going to be more to this given that a new administration is coming on board, but i think that it is very interesting, and i asked the question what joe biden is doing, because when i looked at this action the concern for the worker seemed to not be as strong a motive here that we have seen in other, at other times with this administration, and so i am very curious about that, and so there is a united front with the workers that the steel industry is behind the move, and we will see what is behind, that and we will write something about it and post some additional thoughts. >> post some additional thoughts, and the easiest answer is that joe biden is doing what he believes whether the people who work for him want him to or not, an

steel other steel makers in america by companies abuse us abusing our trade laws. stop. >> automakers probably don't want to see larger steel companies they are afraid that you are going to control the price, and push it higher. >> well, maria, what is the price of a car today? okay? 40,000 dollars? the price, there is one kind of steel that goes into a car, steel today is selling on index for 700 dollars a pound, so if price of steal went up to a thousand dollars a ton, 300 days are a carr last i checked i see the incentives all over thousands of dollars, that argument is kind of doesn't hold water so enough there, let's put that one to bed, stop it. okay? you are not going to make these cars with foreign stool if u.s. steel industry isn't here, everything happens in this economy with steel. you are not building a data center not power grid not solar farm not nuclear plant not building lmg plant not building a hospital a school a food processing planted or railroad so it is national security, we need a strong steel industry here, and we need to do the right things

lydia hu spoke to us steel ceo. what do we know, lydia? >> good morning there, dana. g that u.s. steel and nippon steel are filing a lawsuit about biden's executive order blocking the sale. they said biden affected them with politics. they want a new review under the trump administration after president-elect trump takes office. dana, it's not clear that review, if it were to happen, would lead to a different result because president-elect trump has said he also would block the sale of u.s. steel. in fact, trump posted this just this morning on truth social quote. why would they want to sell u.s. steel now when tariffs will make it a much more profitable and valuable company? wouldn't it be nice to have u.s. steel once the greatest company in the world lead the charge to a greatness again? it can all happen quickly. dana, i asked u.s. steel ceo about trump's plans for tariffs. he says it shows trump cares about the american steel industry and workers but u.s. steel needs nippon's cash and tech technology. >> the investments coming are so extraordinary but the know how.

steel. steve, you've made some moves here. explain to us why you think u.s. a winner. >> well, i think. >> in any case scenario, trump saying no to the deal, biden saying no to the deal. they had to make sure that the deal that. >> that nippon. >> steel, the nippon steel deal, they had to make sure that they were either going to be okay with tariffs, tax incentives or. another buyer. so we saw cleveland-cliffs, we saw nucor thinking about a bid rumored to have a bid. is it going to. >> be the. >> nippon deal in the 50s? probably not. will it be the high 30s in in steel? that's probably a little bit too low. price targets across the street are probably, you know, 20% higher, at least higher from where they are right now. and when you're talking about this new ceo coming in, i'm a little confused there. anchor is looking to get that breakup fee. i'm not sure who would pay the breakup fee if it wasn't the fault of nippon for breaking up, so it would be the united states that was really at fault. i think. >> either way. >> if you look at consolidation in the spac

and the steel industry give me a holler at me. thanks. and dave, from facing us back from washington dc, the software and investigators have failed to arrest suspended, present units of gil, off to an hours long stand off in his residence. the anti corruption team says making the arrest was quite effectively impossible. again, the security team preventing the entry of mcbride reports from so the early morning arrival of thousands of police in the street surrounding the official residence of impeach president, june sick jo. signal the starts of an attempt to arrest him, but his continued protection by the presidential security service always meant this would be a highly contentious operation. for hours to investigate is faced off with body guards. it won't wear, described as sometimes physical confrontations to the condemnation of humans. critics need just by witnessing 2 days events. the people of south korea would have affirmed the pettiness of units of yard. but the security service has accused the investigators of breaking into high security areas during gets

s. government off to president biden looks it's blind to by us steel site. national security concerns biden said he needed to protect the domestic industry and argued that the sale would have put critical us supply chains addressed. those are the headlines. the news continues here on out to 0 off to against o n m is stay with us. the, the love your reaction to this. i mean, this is something that you come across in like a group as recruiting veterans. so like what an experience and you look at like questions 1516 and 17 cheese. so i'm looking at your intake questionnaire for violent, extreme history. and i'm gonna read you 3 of the questions. question 15, are you in the military or a veteran of so which branch? 60 and if it comes down to it, would you go against the os you tuck in the military and law enforcement. you could end up fighting against your military, law enforcement brothers. i mean i, i think you've got to consider where somebody has to be in order. so yes, it is 3 questions. and then also some of the capabilities and training and some of these individuals bring their pla

and if on sales plan to buy us steel is blocked by the white house. i think national security concerns and you want to just go with this full so straight is full of shine as india out dismissed for a 100. $95.00 is a one that says series deciding tests. months. the israel is forcing 2 hospitals in northern garza to evacuate under threat of attack . it is very forces of surround if the engine nation hospital where many stalson patients, so shelter of to come out one hospital but destroyed in this rating raid last week . late on friday, another fullest order was given to evacuate out of hospital as well. over a 100 people, i believe, to be the may ball patients of the indonesian hospital. so they comp leave us. yeah, this was their decision and the problem is i can't walk. it hurts me a lot to talk to the toilet. i swear to god, i don't know what to do. we deserve mercy. i don't know how i can walk to the destination. it's a long distance, and i'm only about doing something special, and i'm a patient here at the indonesian hospital. i am very sick and a

on steel to buy us steel was under review for over a year. item blocked it on friday. so i think national security concerns is companies have filed a lawsuit against the, by the ministration of law for political influence and bondage in the constitution . japanese prime minister says washington's actions a grave matter. the immediate kind of wondering what we strongly urge to us governments to take action, to dispel such consent as we need to hear a clear statement as to why there are security concerns. otherwise we will not be able to talk about it in the future. no matter how much we are an ally, i believe the points i've just made a very important for our future relations. self careers, minute change says north korea has 5, a ballistic missile towards the sea of japan. japan's coast gauze as the projectile has fallen into the wall says, well quit also fight a wave of projectiles back in november. take your has condemned feeling young for the launch. the inside of the, on the top of the series of actions by north korea or including its repeats of launches of ballisti

as much as president biden tried to block the nippon us steel deal, and president trump may do that forson when it comes to mergers and acquisitions going forward. we're already seeing deals in the pipeline. we're already seeing companies anticipate very little regulatory regulatory scrutiny, whether it's monopolistic behavior, whether it's consumer protection, you name it. >> and we should remind our audience, right, that the reason antitrust regulations are in place are not to be anti-business. it's to protect consumers. it's to make sure things are still competitive. >> but it's also not 1974 anymore. and they've been gone for a long time. i mean, there have been attempts to enforce what used to be called the sherman antitrust act, which goes back to the early 20th century. and over the course of the last several decades, each and every one of these laws, rules, regulations has been watered down. and we're seeing more and more concentration in business. >> okay. but i just want to talk about what we're seeing this week, because if people out there are not already worried or on high a

steel and protests, thanks for giving us your time. guest: thank you for having me. host: for those who are maybe not following as close as you are, explain what has happened in the last few days concerning u.s. steel. guest: the last few days on january 3, president biden officially blocked the deal to japanese steelmaker nippon steel when they made an offer to acquire u.s. steel and they were trying to work the deal out. the committee on foreign investment in the united states, you will hear a lot about that in this case, treasury make sure that these were deals that might give off a red flag that were credible and don't pose a national security risk. come to a conclusive result, and they picked it up to the president and president biden blocked it. and president biden said that there was credible evidence that this japanese steelmaker might take action shed threatens to impair the national security of the united states, and that is where we are now. both sides have taken this to court. people said it will be held up in the courts for a while and then the next admin