we're going to talk to the ceo of magestic steel, it's a steel company out of cleveland, about what he's seeing as he rolls out 200 million pounds of it at his plants across the nation. closing bell 47 minutes away the "clayman countdown" is coming right back. dow is up 205. ♪ ♪ it's electric... made extraordinary. ingenuity... in motion. it listens, learns, adapts and anticipates your every need. with intelligence... that feels anything but artificial. the eqs from mercedes-benz. it's the car electric has been waiting for. as a professional bull-rider i'm used to taking chances. but when it comes to my insurance i don't. i use liberty mutual, they customize your car insurance, so you only pay for what you need. wooo, yeaa, woooooo and, by switching you could even save 665 dollars. hey tex, can someone else get a turn? yeah, hang on, i'm about to break my own record. yeah. only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shor

there is no attention to steel. there is a lot of attention to steel. those tariffs can be eliminated quite quickly. that is something policymakers recognize the problem. hopefully this will help. kriti: wind we start to see the impact you mentioned coming off steel prices? >> i think it's tough to see the demand. i don't think we have seen the peak of the market. i think the price of steel continues to increase all the way until june or july and prices start to come down. kriti: thank you so much. we appreciate your time and insight. it's a fascinating story. i recommend our viewers come out and check out this column. he is a veteran of the industry, also a very smart person. guy: it ripples into so many areas we are focused on. think what happens to the housing market. we got excited about lumber a little while ago. the prices came down quickly. it did put a crimp on the ability of the industry to build houses. you think about reinforced concrete, that is part of the process. you want to build buildings, you're going to put steel. they are getting pri

steel stock in a+. we have the man of steel live on why he is less interested in accolades and more interested in what's going on in ukraine and how it's affecting the prices of steel. the closing bell is about 34 minutes away. the dow is down 13 points, the best levels of the session. "the claman countdown" is coming right back. (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you can live your life. that's life well planned. (vo) verizon business unlimited is going ultra! get more. like manny. event planning with our best plan ever. (manny) yeah, that's what i do. (vo) with 5g ultra wideband in many more cities, you get up to 10 times the speed at no extra cost. verizon is going ultra, so your business can get more. liz: precisely the time that russians were on ukraine threatens the g

just tell us more about the steel. that's riuht. us more about the steel. that's right- this _ us more about the steel. that's right- this is — us more about the steel. that's right. this is one _ us more about the steel. that's right. this is one more - us more about the steel. that's right. this is one more move i us more about the steel. that's right. this is one more move by evergrande to try to entangle itself from what is essentially a mountain of debt. the company will be getting about half a billion dollars from this transaction, which may seem insignificant if you think evergrande has about $300 billion in debt, but you really need to think about this as part of an incremental strategy to avoid a disorderly collapse. now, in this particular case, ever grant will be disposing of its land use and building ownership rights in this project. and most of the money will go, the money will go to pay construction fees for this and other projects in that city. a reminder that this is happening as ever grant shares have been suspended in hong kong for about

pleasure to be with you on your new show >> thank you very much >> as a steel company and a steel company that is self-sufficient in mining, we are very pleased with the fact that we don't depend on importing nickel and importing anything we don't import nickel, we don't import iron ore from ukraine, let alone big iron we don't depend on iron from russia, so we're self sufficient i have been preparing this company as a basis of american manufacturing. we're ready. >> are you the only one in the industry that doesn't depend on the iron i have read a lot about in this interview and realize it's key in making steel and apparently most of your competitors use? >> yeah, everybody that uses steel needs big iron the difference is as an integrated company relying on blast furnaces and basic oxygen furnaces and also with a direct reduction in the plant, the more modern here in the world in toledo, ohio, we're self-sufficient. my competition needs big iron, but they don't produce big iron. they need to import it a lot of the iron comes from, guess what, from russia and from ukraine. ukraine unfortu

new round of sanctions targeting vladimir putin's inner circle and sectors such as luxury goods and steel. but why is europe leaving one case sector alone? plus, tonight, we're all soldiers of music wielding the power of art in detroit in defense of a free and democratic ukraine. new york metropolitan opera brings music novice together to lift spirits and raise money for the suffering in ukraine. ah, ah, i am rebecca writ is welcome to the program. russia is escalating its attacks across ukraine. russian forces are reported to be intensifying, fighting in the suburbs of the capitol, and of also stepped up a bombardment of care of emergency services say at least 2 people were injured in new strikes on the city this morning for residence after ukrainian capital. every passing day brings further shelling more homes last and more casualties. is she alive? visibly? yes, she's alive. get her in the car. a city wide curve you was imposed on tuesday and will last until thursday morning. i had of the curfew. people rushed to the stores to stock up on food and supplies. even with the situation in t

steel is, they're literally all over the map. to remain bullet on letter x, which i am, you have to believe in the horizon for their run in steel prices last the next couple years i do there will be noise around earnings, look at the last six or seven quarters and you will see similar. you have to be stead fast in the belief they're one of the better operating companies and have the tailwind in demand of steel prices. >> i'm long they point out that their long-term contracts are ridiculously profitable with price moving higher in steel. talked about the back log at big river, as significant as they've seen in a long time. traded 90% over the session of this print, given back, i think it's going higher. i stay long. >> where are you in metals, jeff, if anywhere? >> i think particularly this stock, i like it it was over-bought cheerily. that's part of -- i think the break out above 30 is meaningful and average is turning higher, there's momentum there, i agree with guy if you think the price of steel will stay high this is a good p

congresswoman steel? >> thank you, chairman durbin. ranking member grassley, thank you for having me with you this morning. it's vitally important that as representatives of american people, we are here in congress to address the continuing threat of hate and discrimination. i understand this issue very well, not only because my own constituents have been the subject of anti-asian hate, but also because i myself have been called horrible racist slurs, such as, we don't eat dogs like you do. as a proud american and somebody who loves this country dearly, i take this rise in hate crimes very seriously, and i'm pleased to join you today as a part of our joint effort to tackle this issue. one year ago, i testified before the house judiciary committee about the troubling rise of hate crimes and discrimination, especially against members of asian american pacific islander communities. the situation has only gotten worse since then, and members of the aapi community continue to suffer hate and discrimination in alarming rates. reports of anti

and if you look at that as a tactic now and put it together with the big picture ring of steel around key of an encirclement, a ring, a steel around the car keys in the east, that big city, similar scenes in mary paul. you begin to see the next sort of evolution of russian tactics here they started with military targets. they went into residential areas. now potentially, they're switching to seeds tactics. the russians have form in chechnya in syria, with this in circular city, terrorized the civilian population cut off supply routes and exit routes. try to force a surrender and if that fails, bombard them into submission. this may be a clue of what is yet to come in this conflict with the latest on that from the vive, in ukraine. jennifer, the woman, thank you. and now let's hear from charles stratford who is in the pro, in eastern ukraine and he has more now the reports of heavy casualties. after recent fighting in matthew paul and other cities. some worry, the terrifying accounts that we're hearing from people trying to get out of mario full. we've been speaking to drivers and memb

steel tariffs. will he reaffirm the commitment he made at the dispatch box on 31 january that the chancellor will bring forward a package of measures on our steel energy costs? and if the chancellor isn't able to make good on the commitment today, will he ensure that he does so as soon as he can? speaker: prime minister? pm johnson: i agree with my honorable friend passionately, and i think that it is vital that we undo the damage done by the insane policies of the previous labour government, which whacked up the cost of energy for british industry, including steel. i will be bringing forward a british energy security strategy that will address the needs of british steel, british ceramics and the whole of british industry. speaker: naz shah. >> thank you, mr. speaker. i am sure the prime minister will share my delight that bradford has been shortlisted to be the u.k. city of culture 2025 and will want to offer his support for our bid -- it would bring immense benefits and kudos to britain's youngest

yes. selina, a small up with steel, small, little, or to the area. i'm actually a system was a kid that was color, but then you're not supposed to start coming in again. we will it the key need that before can provide you. it does it not, but you really wanting come back with an adult. she's put fox for now. but can you do as part of a little bit of a 2nd? yeah. so there's no will. it's a post a week, a good through. i do a, a with, i mean give me a holler give me a database with ah ah ah what we've got to do is identify the threats that we have. it's crazy even foundation, let it be an arms race is on offense. very dramatic development. only nationally and getting to resist. i don't see how that strategy will be successful, very difficult time time to sit down and talk to rob is driven by adrenal shaped banks. concur some of those with there's sinks, we dared to ask oh, just told brochure or they took to go to bulldog in this conflict in the more actively post something more than just to supply reference to ukraine and sharing intelligence informati

from steele. now why was steele providing these reports for a state department official about ukraine and russia, paul? explain that? >> steele's involvement goes way back. he was also informing on the ukrainian president to the fbi at the same time. and then providing these documents, these memos and reports similar type of dossier, which we now know that his dossier has been discredited on trump and so-called russia conclusion. but he was very influential to what was going on with the regime change in ukraine at the time. and was whispering in the ear of newland and the state department. >> back in 2014, people think -- 2016 phenomenon. this predated all of that. so she actually defended jen psaki, newland's regime change plotting in ukraine, watch. >> no secret that ambassador piet and assistant secretary newland have been working with the government of ukraine with the opposition and civil society leaders to support the efforts and shouldn't be a surprise if at any point there have been discus

most of our store now shall senior steel and i to lease them by we just here to is bill a solution i school for you or the thought on he, of course you've not my me and i'm on my 3rd human lowest you and got a major my was nearly, i don't store chain yet. still more stereotypical eve garza layer of garden i was recently than yes. oh belittle my gift don't store was it which is cora then? yes it is donald taylor. yeah. with schools. are you able expedia? yes. just got a to them, you know, when you was at least when you really would a shit. yeah. come, when did you get us? but i still, i still buy schrupo lee chicken. we asleep on and you know, but you nibble but what you're saying, you're looking at bushland schools. luckily. channels specially with i was you 3rd law below, but i will have lots of boy copies you they eat boy copper. you say what will it take? yeah. as long live as it's elaine young. yeah. but you will in young. your senior, so she left a little slower. i mean, allah is this good, just go, whisky. go for offer. she just needs a little study terminology. they low and te

nucor. >> steel companies, if you look at iron, ore, steel prices are going higher, nucor. >> literally said that three minutes ago. >> pete? >> i'm going to give you an etf. efa buying a lot of puts, i think it's going lower. >> we've all been there. really jeff mills >> crm nimble at quality names salesforce is one of them. >> steve. >> got to go with liquidity, apple. >> that does it for fast on this friday, don't go anywhere, "options action" is up next. (vo) small businesses are joining the big switch. save over $1,000 when you switch to our ultimate business plan for the lowest price ever. plus choose from the latest 5g smartphones. get more 5g bars in more places- switch to t-mobile for business today. >>> "options action", strategies from the street's top traders, new opportunities to profit from the market's hottest trends. "options action", >>> it is friday that means it is time for "options action. i'm melissa lee live at the nasdaq marketsite in time square tonight as market reverbations from the war in ukraine stronger economic data at home we're concentrating on protective

you can find eating coins, stainless steel, electronics, electric car, batteries. it's nick on the 5th must abundant element on earth. and now the protagonist of a never before seen global pricing crisis ignited by the ration invasion of ukraine . in 2021, russia was the wards, largest exporter of refined nickel. while the e. u and the u. s. evans targeted the material with sanctions global buyers, frenzied to look for alternative sources, sending prices through the roof. on february 24th, the day of the invasion nichol reached the already high price of $26000.00 per ton . in early march pricing started rising steadily. spike into $100000.00 on march 8th before settling at $80000.00 burton. the london metal exchange which sets global prices for industrial nickel, halted all transactions for the whole week. with an unprecedented decision, it also canceled all traits from march 8, capping the price at $48000.00. the nickel crisis sent sparks flying through the whole industry. chinese ty comes young wanda, who bet on michael price is falling. now has to find a way to

she hired christopher steele for that purpose and it was used in connection -- the steele dossier was used for fisa applications and all of had that. when i declassified that information, it was the first time that members of congress and the american people know now that our intelligence community and our law enforcement community were aware of that information before the cross fire hurricane counter intelligence investigation was ever opened. maria: we are talking about it all morning long, "mornings with maria" is live right now. and today marks the end of the first quarter for 2022, all three major indices are lower for the year so far. the dow and s&p 500 down about 3% while the nasdaq is down 7%. as you can see, these numbers were a lot worse, except for the p month of march. we had a buying he spree in the month of march. the s&p 500 and nasdaq both on pace to finish the month up better than 5% and the dow on pace to be up almost 4%. these are the best performances since last year, december and november. joining me now is main stay capital management ceo and chief investment st

that if you have the stomach to endure the heights, climbers are secured the entire time by a steel cable, but you will still need nerves of steel for this hike as euro max report are actual pre movies he found out in the latest edition of actual on the edge ah hey there it's accept him of easy always looking for some kind of special experience this time. it's a hike in the mountains. well, kind of, i want to check out the vf hirata from maryland to gimme vite, not by myself of course. but with mountain guide, colby mission, edgar, hello, hello, hello, i'm coby colby. when i'm ok so ok for at least to meet you. so the basic principle goes one carabiner like this and the other next to it. now you trial try get 3. is there anything i should never do? was of walcott, what shouldn't happen under any circumstances? is that you unclipped both carabiner at the same time. that's strictly prohibited for both. you always have to take one carabiner at a time, so i'm tight. ok, okay. a simple rule, i think i can manage this in a good. oh no. now your do. i never do that again. ah, this is my only saf

a new round of sanctions targeting vladimir putin in a circle and sectors such as luxury goods and steel. but why is europe leaving one key sector alone? plus the crowning conductor, who's trying to use music to promote peace asana late if talks to us about her fees for her family and for the future. and how she hopes, culture can help bring people together. ah, i'm rebecca, his welcome to the program. russia has stepped up, its bombardment of ukraine's capital cave strikes, hit the city at sunrise. it's unclear if there were any casualties. a series of rush and strikes also hit a residential neighborhood yesterday. authorities say at least 5 people were killed in those attacks. a curfew is now in place until thursday morning. 3 eastern european latest visit had cave on tuesday, risking the journey to show solidarity with you. crime in keys as the russian advance nears ukrainian soldiers have taken time to bury the fallen. here they are laying to rest. a comrade who was killed resisting the russians and bought a spill outside. keith as ukrainians watched the ceremony, they know that ther

yep. steel and i chilies them, but we just twist bill a solution for for you or the thought on he, of course you've not my me and i don't my curriculum the lowest one got a major my was nearly i don't store chain yet still more stereotypical eve got laid off and i was recently than yes. oh belittlement. i've used it. i don't store which is cora then? yes, it is donald taylor. yeah, lou not ship schools. are you able expedia? yes. just got a to them. you know, when you was, at least when you really would a shit. yeah. come and you get us, but i stood by schrupo lee chicken. we used to pull and you know, but you nibble but what you're saying, you're looking at bushland high school. luckily gino specially with i was you 3rd law below, but i will a blood a boy opposite. they eat boy copies, you know, without them will it like yeah. as long live as it's elaine young. yeah. but you will in young senior. so she left a little slower. i mean, allah is this good. just go whisky gulf where, oh gosh, i should just need a little study terminology. they my loan terminal in a few months back, which

you can find eating coins, stainless steel, electronics, electric car batteries. it's nico the 5th must abundant element on earth. and now the protagonist of a never before seen global pricing crisis ignited by the ration invasion of ukraine . in 2021, russia was the wards, largest exporter of refined nickel. while the e. u and the u. s. evans targeted the material with sanctions global buyers, frenzied to look for alternative sources, sending prices through the roof. on february 24th, the day of the invasion nichol reached the already high price of $26000.00 per ton . in early march pricing started rising steadily. spike into $100000.00 on march 8th before settling at $80000.00 burton. the london metal exchange which sets global prices for industrial nickel, halted all transactions for the whole week. with an unprecedented decision, it also canceled all trades from march 8, capping the price at $48000.00. the nickel crazes sent sparks flying through the whole industry. chinese ty comes young wanda, who bet on michael price is falling. now has to find a way to bai

you can find eating coins, stainless steel, electronics, electric car, batteries. it's nickel. the 5th must abundant element on earth. and now the protagonist of a never before seen global pricing crisis ignited by the russian invasion of ukraine. in 2021, russia was the wards, largest exporter of refined nickel. while the e u and the u. s. evan targeted the material with sanctions global buyers, frenzied to look for alternative sources, sending prices through the roof. on february 24th, the day of the invasion, nickel rich, the already high price of $26000.00 per ton. in early march pricing started rising steadily spike into $100000.00 on march 8th before settling at $80000.00 burton. the london metal exchange, which sets global prices for industrial nickel, halted all transactions for the whole week. with an unprecedented decision. it also canceled old trades from march 8, capping the price at $48000.00. the nickel crazes sent sparks flying through the whole industry. chinese ty comes young wanda, who bet on nickel price is falling, now has to find a way to bailout his compan

sanchez, luxury goods and steel. but why is europe leaving one k sector aligned tasks, the ukranian conductor, who's trying to use music to promote pates asana lane if talk to us about her fears for her family and for the future. and how she hopes, culture can help bring people together. ah i'm rebecca writ is welcome to the program. russia has stepped out, its bombardments of ukraine's capital cave strikes, hid the city at sunrise. it's unclear if there were any casualties. a series of russian strikes also hit a residential neighborhood yesterday. authorities say at least 5 people were killed in those attacks. a curfew is now in place until thursday morning, 3, eastern european late as visited cave on tuesday, risking the journey to show solidarity with you. crime in keys as the russian advance nears ukrainian soldiers have taken time to bury the fallen. here they are laying to rest. a comrade who was killed resisting the russians and bought a spill outside. keith, as ukrainians watched the ceremony, they know that

is made in america -- from the deck of an aircraft carrier to the steel on a bridge. look around the country. american manufacturing is coming back. once again, we are seeing products stamped made in america. companies are choosing to build here. ohio senator sherrod brown will tell you. he had a great saying, announcing what was happening in iowa -- ohio i should say. ,he says it's time to bury the , label rust belt. that's what we're we are doing. -- what we are doing. as i said last night, until -- intel is building the semi conductor just outside of columbus, ohio and of the people , that work in the factories, they will be paid an average of $135,000 a year. [applause] 10,000 jobs and most of them union jobs. [applause] making computer chips the size of a fingertip to power the world and our everyday lives. smartphones, internet, technology that does not even exist today. if congress passes the bipartisan innovation act that is on their desks now, intel is ready to increase their investment from $20 billion to $100 billion. intel alone. ford has invested $11 bill

we saw sales of british steel into america halving. the same happen to imports of american whiskey. so this announcement comes as a huge boost to those industries, but it also raises hopes within the uk government that we could see a resumption, perhaps, of those talks for a full free trade deal, and that is a relationship worth £200 billion. it would be a huge coup to post—brexit britain. however, it was the biden administration that pause to those talks last year and tonight, there is no indication that they want to start again. so our government's american dream may not become realityjust yet. dharshini david, many thanks. one more story tonight — the duke and duchess of cambridge have left belize after a four—day visit as part of their caribbean tour marking the queen's platinum jubilee. the next stop is jamaica, where the nation is also marking the 60th anniversary of its independence from britain, and as our royal correspondent jonny dymond reports, there have been protests calling for the uk to apologise and pay reparations for slavery. into the sunshine and into contr

we are going to see some upside, particularly on the steel market, where we rely on china. we should be expected less production on the global market come but in general, i think the restrictions with china and covid increase the risk of a global recession coming later this year, perhaps the summer. so all considered, i think it significantly varies for commodity markets. lisa: can you elaborate on that, the idea of the china shutdowns we are seeing to various degrees ? paint that in terms of the commodity market at a time when people were worried about brent crude getting up to $150 a barrel? why wouldn't that reduce the risk of the commodity margin leading to a recession? javy a: at the end of the debt -- javier: the impact on china, we have seen extensive prices for oil, so we are having expensive shock with high-energy prices, and china is not going to change the price of gas in europe or electricity. so still having that price impact in the global economy, and now having a slow down on the economy because of the restrictions, i think the chances that the global economy

steel, keeping the commerce flowing through, keeping families safer and better connected. but it's about more than the bridge were the bridges. it's about opportunity across the region and across the country. investing in the airports and more. this isn't just about bridges and highways. it goes beyond that. and i'm here at the intersection of all these things. airport, ports, the river, the lake, the bridges, the highways. it's also about that historic investments we are making in the great lakes. i don't have to tell anyone here. i went to school and life guarded one of the great lakes and syracuse new york. supporting two weeks ago i visited ohio and announced an investment. all the places had to be repaired both in canada and the united states. when i announced $1 billion from the bipartisan infrastructure law exploiting the cleanup of sites where the waters in wastewater treatment at a given the great lakes to put them at great risk including between your states. we generate three to four dollars of economic benefit. there's more freshwater in the lakes than any other

alix steel is off. -- i johnson in frankfurt today. alix steel is off. the ecb front and center where you are standing. guy: absolutely. there was clearly some disagreement in the building behind me. the ecb governing council looks quite split. the statement very hawkish, interesting lagarde -- and christine lagarde trying to push back on the idea that we will see an earlier exit from monetary policy. that is how the market has priced it. there's clearly now an accelerated expectation that the ecb is going to be tapering aggressively, and then fairly quickly after that, hiking rates. kailey: the spread widening in quite dramatic fashion today. there's still a great deal of uncertainty posed by the ongoing war in ukraine. this into what she had to say about that in the news conference. >> gdp growth has been revised downwards for the near term owing to the war in ukraine. guy: christine lagarde speaking a few minutes ago and the building behind me here at the ecb tower in frankfurt. let's get some more insight now as to what happened today to try to get a

but they— that are made out of steel but they are — that are made out of steel but they are solar panels. so sustainability is kind of in our— sustainability is kind of in our dna. all the electricity the city— our dna. all the electricity the city of las vegas consumes we produce. so we are, in that regard, — we produce. so we are, in that regard, net— we produce. so we are, in that regard, net neutral on the ability— regard, net neutral on the ability to— regard, net neutral on the ability to consume and generate electricity. there are several sell — electricity. there are several sell their— electricity. there are several sell their initiatives in las vegas _ sell their initiatives in las vegas in _ sell their initiatives in las vegas in and around the nevada valley— vegas in and around the nevada valley which provides that sustainability effort. it turns out that because _ sustainability effort. it turns out that because of - sustainability effort. it turns out that because of the i sustainability effort. it turns l out that because of the issues to do— out that b

we're going to get around the table and talk michael steele and barbara arnwine next. a arnwt we've still got the best moves you've ever seen good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection. but, no matter how healthy you feel, your immune system declines as you age increasing your risk for getting shingles. so, what can protect you? shingrix protects. you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. ask your pharmacist or doctor about shingrix. shingles doesn't care. but you should. one of my favorite supplements is

a battle for control of a critical steel plant ongoing. meantime, the frantic search continues at a mariupol theater destroyed by russian bombs earlier this week. president zelenskyy says 130 people have been pulled from the rubble, but hundreds more may still be trapped. >>> let's begin with the breaking news on that crash involving u.s. marines. let's bring in now cnn's natasha bertran, what more can you tell us? >> reporter: the u.s. marine corps did confirm that four marines were involved in a training accident in norway where they were part of this training mission by nato involving about 30,000 troops from 27 different countries, including thousands of marines there. and what we can tell from the statements that have been put out so far, these four service members were traveling on an osprey in northern norway heading to a peninsula north of the arctic circle when their plane crashed. the rescue mission did get there, but it was difficult for them to do so because of the very bad weather, and that is likely what contributed to the cr

truman used it for steel for the cold war. president trump used it to get the covid pandemic vaccine process going. maybe using that as well to get the necessary metals for battery production going forward. we will see tesla. we will talk later about both those stories. where investors are seeking returns now in this highly inflationary environment. blackrock will join us next. this is bloomberg. ♪ >> you are pricing in a 20% chance of recession. >> reasons to believe this time around yield curve inversion may not be as good an indicator as it has been in the past. >> it doesn't mean good things. it means credit spreads sugar water. >> inverted for 23 seconds is not long enough to provide signals. >> given the enormous amount of quantitative easing undertaken by central banks. >> the u.s. government has been borrowing a ton to pay for this pandemic response. the fed has wound up the bond buying program. >> it doesn't change the rhetoric because they have to focus on inflation and whether or not that is slowing. >> the fed hi

the coastal city of mariupol has been decimated, reduced to twisted skeletons of steel and the hollowed out shells of apartment blocs. hasty burials provide fleeting dignity for the dead. the 100,000 people still trapped there have no electricity, very little food and spend their nights in icy basements. >> did you ever think you would see this in your lifetime? >> no, i could never imagine this. i saw children without fingers. i saw child with hole on his face. i saw dead child, six years old because of war. >> anastasia magerramova is the passionate public face of this children's hospital in kyiv, as its first officer she made it her mission to document the stories of the human toll. like that of 13 year old vova who was brought here after the car he was escaping in with his parents was shot at by russian forces. >> were you running away from the war? he used his backpack for protection. it saved his life but left him critically injured. >> i big scar, wow. were you shot in the face. >> a bullet hit may here, he tells us. my back has a big wound, two bullets were removed, one is still

what makes a mass of drums special is the formula me to thick shell, which is made of steel and his cuff in one piece. this produces a rich and powerful sound with honor on gus islov. you neglect it's like a bell landed us, it's madison. and if you compare that now to a conventional snare, which is what 99 percent of drums are made of, it sounds cheap as clean. it has no tensions up, they can still sound good as a drum. sure. hm. but it's not the same on okay. abaz's and stuff, he then tightens up the back hit on the shelf disk. it's the drum pine nuts to he spends between 30 and 40 hours. we're human, a secret drum. he also accepts individual customer requests, such as a picture of the humbert ali for a boxing fan. however, a message from also has its price and stance. it found some heroes, an entire said can run into 5 figures. it all started with elvis presley became of rock'n'roll, i distinctly among is enough as the year to go when i saw this guy, when i was 3 years old, i thought he must be a king. of course he was the king, but i didn't know that. yeah, all these things organized.

so that entire increase -- the brunt was taken on by our workers. >> reporter: the steel workers union represents about 500 employees. the union's contract expired last january and negotiations have stalled. there is concern that if production falls due to the strike, pump prices will rise. chevron issued a statement saying it has brought in nonunion workers and is fully prepared to continue operations. the company also says it remains ready to negotiate. according to aaa, the average price today for gas in california, $5.86 per gallon, a record. >> the impact on california gas prices will depend very much on how well chevron is able to continue to staff and operate the refinery. >> reporter: experts say just how it will hit our pocketbooks may depend on how long the strike lasts and whether other workers choose to honor the strike line. in richmond, sharon katsuda, nbc bay area news. >>> the bay area's biggest city may also be the safest city in america, at least money them. san jose reported three homicides in the first three months of this year, none of them involving a gun. officer

alix steel is off today. welcome to "bloomberg markets." guy, happy tuesday. commodities and energy front and center. guy: absolutely. we will hear from the president later in the show -- 10:45, in theory. it is interesting that we find ourselves in a situation where parking the u.k. to one side and its potential ban on russian energy, it is the u.s. going i alone. europe can't deal with this. significant numbers of joint bonds to deal with the consequences of energy story, it is highly significant. europe is in the crosshairs of the story. the economic impact is at this point hard to gauge. i checked the winter forecast of the european commission a little bit earlier on. 2022 growth up 4%. what is the downside potential on that number? is it inevitable that europe will be facing some kind of recession? that brings us to our question of the day. we are trying to analyze what is happening with prices right now. are investors correctly pricing european risk? we bring in the jp morgan chief emea market strategist, and bloomberg's justina lee. economists are racin

talking about aluminum and steel , they are 50% of the market. if they have had to have the raw materials -- it is a cost problem, maybe not a scarcity problem if they decide to ramp up. tom: can we have a technological application given the crisis where we are we are more efficient with our metals? i think of nucor years ago and what they brought. we have another leap in your world if it is so expensive? timna: this can be a wake-up to markets, and you want to see a commodity that is so dependent on russia you rain or any region. -- on russia ukraine or any region. we're not talking about months or quarters but several years. by the end of the decade you'll see more alternatives from materials. piercing efforts to mine the ocean floor, which would supplement nickel, which is particularly scarce. lisa: all morning we've been talking about how long the conflict will last and the longer term ramifications on the economy. can you give us a sense of how difficult it is to turn off some of these inputs and then turn them back on. how long do expect so

alix steel is off. welcome to "bloomberg markets." a lot of risk off headlines, but there is some good news nestled in their comedy payrolls surprise. guy: these markets make sense, but they don't make sense. it is amazing, you've just got to look at it and figure out which way you want to look at these markets. got an amazing payrolls number, really strong details below the line. then you look at what is happening with the u.s. two-year, down by six or seven basis points today. it all seems counterintuitive. then you look at what is happening in ukraine and it all makes sense. but with cpi coming out next week spec it to be circa 8%, you wonder whether or not what we are seeing in the bond market right now is a misrepresentation of the reality that central banks are on. will the war effectively derail the recovery? is that what is being priced into these markets right now? joining us to discuss it is heidi shierholz, economic policy institute president, and bloomberg's mike mckee. the data we got today, give us some perspective on it

they make steel and nickel is used primarily for steel making. who in china could be the most impacted here? >> reporter: there is one company that a lot of people keep talking about because they are on the line for billions of dollars. that is chinese holding company and what we're hearing now is they potentially will be getting lines of credit from two banks maybe they will be raising the heads out of the water with this one and changing their hedging strategy that is one example of a company struggling because of the nickel prices shot up dramatically. there are many others, but this is the big one out there are yo you are seeing it across a lot of metals. will we face these issues two or three months down the line and the supply chain in the united states with autos? >> 100% aluminum takes a lot of electricity. that is most car bodies. nickel going into things like ev batteries. rivean announce ago 20% price hikes on their upcoming electric cars or trucks and suvs. these are the things we never think about. i don't know if anybody has ever ta

planes, trains and automobiles jets made of aluminum and steel. and bicycles asphalt made from oil. seeing a trend industrial chemicals, they have a component from natural gas or oil and plastics with sere yours of cars. doing this to go faster to get me to speed up and if you can name something cosmetics, pharmaceuticaling without petroleum i'll take you both to lunch and fertilizer prices tripled in the past year and farmers may cut back a short list an thinking about the story. gas prices will rise yes, they will there's a lot of other stories associated with this nothing to do with gasoline but i find it interesting with $6.50 gas in california tagged you and i. >> i think my -- my sister just moved out there and joking about that what's going on in european where they face a far more dire energy issue what should be the next shoe to drop >> brutal there. okay by the way, great job getting the graphs in. this is the dutch gas futures. obscure. this is not physical delivery. i understand not what people pay but what the futures margt is reflecting and a 1100% jump in the spot mar

laura richard on board alert, was just hold it for a current jill sub steel. would you mind her order or a more dame? what and i just on the one of those on willer was thrills devotee. her all shape was thrills just roland slowly. every village on the border has to withstand regular heavy fire. snipers are always on the per l. 2 and i'm looking to score with leslie when, if the new them got the ink that's a mouth bobus you school for sydney gorda, mother of the was pulled up really with any ups, really, would you did the right. yeah. and i did the when we holiday, um we do next sub steel even when i was called off the washer and actually started bushes that are the cross near it. the slice number comes to the woman the mostly to the 1st isn't because i love it. bolcom naturalize ditches williams scholar. my mom, when you, most of your had 3 i with my mom, with some of these 3 lights, you know, you would argue to the fin bomber will process shinji. i don't want from with what i was quoted, you to reach a particular upgrade, but i'm sure that she left you in ukr

the heights, climbers are secured the entire time by a seal cable, but you will still need nerves of steel for this hike as euro max report are actual premieres easy found out in the latest addition of actual on the edge ah hey there it's accept him of easy always looking for some kind of special experience this time. it's a hike in the mountains. well, kind of, i want to check out the vf hirata from maryland to give me vide not by myself, of course. but with mountain guide, colby mission, edgar, hello, hello, hello, i'm coby and colby when i'm ok so ok for at least to meet you. so the basic principle goes one carabiner like this and the other next to any, but now you try, i'll try to get through. is there anything i should never do was of rock out. what shouldn't happen under any circumstances is that you unclip both carabiner is at the same time. that's strictly prohibited for both. you always have to take one carabiner at a time and type. ok, okay. a simple rule. i think i can manage this in a good. oh no good. now you're doing never do that again. ah, ah, this is my only safety line. e

as you point out this goes _ on uk steel imports? as you point out this goes back _ on uk steel imports? as you point out this goes back to _ on uk steel imports? as you point out this goes back to the - on uk steel imports? as you point out this goes back to the donald i out this goes back to the donald trump tariffs, something called section 232, or national security grounds, donald trump imposed tariffs on steel, notjust on the uk but a range of countries, and there was a recent deal with the eu to lift those tariffs and so you would see in the uk, they were agitating that they should be next, when other tariffs going to be lifted on them? there is optimism because you have the us and uk officials and trade secretaries meeting in baltimore today and so there are hopes that maybe this will be the moment those tariffs are lifted and it would be a huge boost for the british steel industry at a time when there is a great degree of uncertainty because of what is happening in the conflict in ukraine and the impact that has more broadly

at a machine shop here in the lviv, the sizzle of welding, the grinding of steel, sounds of the war effort. we have a guy from i.t., an economist, and a mechanical engineer. >> yeah, yeah. >> reporter: and now you're making steel traps for russian tanks? >> yeah, to stop them. >> reporter: to stop them. that hedge of barricades, and these spikes, their weapons of defense. this frigid yard their foxhole. sviatoslav has signed up to fight, but he's still waiting for a gun. are you afraid? >> yes, but it doesn't matter. >> reporter: his wife and 3-year-old daughter are safe in poland. he told his little girl she was going on vacation. >> she was talking to me. "daddy, come to me, please." and -- >> reporter: you cried? >> everything will be okay. >> reporter: and across town tonight, an art gallery turned into a military workshop. the thrum of hundreds of young people, mostly women, and the work of fast fingers threading camo nets. >> we are creating this to hide our military forces from snipers and different russian forces. >> reporter: some big enough to cover tanks, others the size of a th

us steel— brilliant news on the removal of the us steel tariffs. will he reaffirmed the commitment he made at the dispatch— the commitment he made at the dispatch box on the 31st ofjanuary that the _ dispatch box on the 31st ofjanuary that the chancellor will bring forward _ that the chancellor will bring forward a package of measures on our steel energy costs, and if the chancellor is not able to make good on that— chancellor is not able to make good on that commitment today, will he ensure _ on that commitment today, will he ensure he — on that commitment today, will he ensure he does so as soon as he can? i ensure he does so as soon as he can? i agree _ ensure he does so as soon as he can? i agree with _ ensure he does so as soon as he can? i agree with her passionately and i think it is vital that we undo the damage done by the insane policies of the labour government, the previous labour government, that ramped up the cost of energy for british industry, including steel. i will bring forward a british energy security strategy that will a

and while this steel that is still 2 years behind schedule, it is starting to take shape with construction, expected to be completed next year. kron four's dan kerman live for us at the bridge show with an dan. >> well, we can tell you that you really can actually see what they're talking about. we've heard about the barrier for years. we can tell you that construction was going on all throughout covid, though it did get delayed. now that barry are scheduled to be completed at the end of next year. still, if you look behind me, you do get a sense of what that next. we'll be looking light. >> you're looking south toward san francisco and on the west side of the golden gate bridge is what many of been talking about for years, a net to prevent suicides right now, an average of 30 people year take their own life at this location. it creates a creates a hurt in an emptiness. >> that does not go it stays with you. >> paul mueller is with the nonprofit bridge rail foundation which was created to end suicides on the bridge. he says this net once completed will make a big difference. we know, for e

they came to the steel, they did their struct, his steel shows is shows a sign of unity and a 15000000000 cubic meters of liquid natural gas. ellen g is and not a lot when it comes to the amount of gas that a rush added lloyd to the european union. but it is also not nothing. while the l. n g from the u. s. me enough to replace russian gas supplies. no, the answer is very simple. no, definitely not because it's only 110th of the amount that are of the russian guest that you usually address at delivery to the european union, a 155 cubic meters per year and 2021. so it's only a drop, a simple, but it's a start. and also the u. s. said there will deliver more liquid natural gas on low, longer term. and also that you're looking at other sources of liquid natural gas. for example, a germany of the german, a business economists minister traveled to cut tar to strike a deal there. then. but there are also other problems, for example, there not enough terminals in the european union yet to, to get liquid natural gas. so it's something that will have to be built in the coming months and years. in

he was a steel puller. a steel pillar. while we mourn al's passing, we celebrate his remarkable life and the legacy that will live on for generations to come. we wish his family great joy in that legacy and thank them for sharing al with us, and i yield back. the speaker pro tempore: the gentleman yields back. the chair now recognizes the gentlewoman from california, ms. porter, for five minutes. ms. porter: thank you, mr. speaker. i ask unanimous consent to address the house and to revise and extend my remarks. the speaker pro tempore: without objection. ms. porter: i rise today to recognize an amazing californian, mr. shelton johnson. i commend his contributions to the national park service and his dedication to telling the stories of our history that often go untold. w mr. johnson has worked as a park ranger for over 35 years. in that time he's enthusiastally talked about enthusiastically talked about the buffalo soldiers, among the first park rangers, even before the first park system. i'm inspired buy his creativity i