of nucor. q1 was the most profitable quarter in our history you mentioned sheet as we headed into the back half of the year, early start of the first quarter, softened a little bit as did plate but the downstream businesses in nucor has over 20% of our steel consumed internally remained incredibly resilient. as you asked to the future, as we look at all of our leading indicators for 2022, the demand picture in the united states for steel remains incredibly robust. t i think our earnings potential is getting warmed up i'm excited about the future. >> the broader u.s. economy given how many end markets you are supplying your steel products, to i guess walk me through what you are seeing in terms of areas of strength, in terms of areas where maybe there is some softening. economists try to gauge where economic growth is going here. >> yeah, absolutely. if we think about the green in digital initiatives how we are building out in this country, the cold storage, the digital warehousing, the warehous

mosaic is a leader nucor is up and the commodity, energy complex to the downside at least the airlines are happy! look at american sales hit a record in march. united said things were doing well this group at least everybody's still paying up for airlines, hotel rooms and plates of pasta. ate out last night pasta. $32. >> what kind >> really? cavatelli with pesto i don't know what's going on but it is out of control here. i'm sorry. >> sounds fancy. >> no. >> sounds delicious. >> it is good. >> thank you now to the bond market speaking of expensive or is that the opposite 5 and 7-year yield above 3% and then heard from the fed chair. rick >> expensive is relative if you think it's expensive just wait and then it will get more expensive. look at a two day of two 2-year notes. higher two day of 10-year notes trying to catch up short end retaking control of the markets. 2s to 10s. all about steepening not anymore. now it's about flattening. what's changed think about fed speak today and look at this chart this is a 2-day chart of december at the end of year fed futures. log jam's down eve

market the prior market leaders, energy stocks and metals and mining stocks like halliburton, and new nucor. the combination of slowing growth and a china covid lockdown has caused a sudden drop in those market leaders they're now down double-digits in just a week though energy is bouncing a bit today. but there's no rotation. that's the problem beaten up tech stocks had a modest but unconvincing rally yesterday. look at them, they're getting clobbered again today ahead of microsoft's earnings, and investors have recently defensie consumer staples and health care by the way, speaking of low volatility, the darlings for those seeking so hide in the defensive names, the invesco low volatility, they own names like you will tree ya, craft heinz and phillip morris, it's been down four days in a row after hitting an historic high last week the s&p is only about 40 poth points from the march 8th low of 4771 a break below that, kelly, will solidify the belief we're in a bear market. in a bear market rotation is not nearly as effective because everything goes down so kelly, coca-cola might go down l

. >> what's going to happen with nucor? >> scrap is really hard to come by >> took it for the club, the trust. i left a lot of money on the table. it's unbelievable. once the cycle starts going, this is a super cycle, david the only one i've ever seen. >> carl mentioned the price of evs. >> 10% of those sales were ev this month >> last month. >> that's pretty good. i'm happy about that. >> that's getting there. larger than it's been in the past. >>> meanwhile we do have a federal judge in florida striking down the national mask mandate covering airlines, airports, public transportation saying the cdc overstepped its authority in issuing that order. as a result the tsa no longer enforcing the mandate at airports nation's airlines have ended their requirements the white house calling the judge's ruling a disappointing decision but clearly the major airlines, jim, are applauding it something they've been pushing for for a while. >> one of the things we have to remember is over and over again, airlines we heard -- airlines are