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They will need plenty of ore to rebuild crumbling infrastructure. Not sure if there will be enough to go around!


Trump to call for a ‘great rebuilding of America’s crumbling infrastructure’ in State of the Union
PUBLISHED AN HOUR AGO UPDATED 16 MIN AGO

Fred Imbert@FOIMBERT



President Donald Trump speaks about the government shutdown on January 25, 2019, from the Rose Garden of the White House in Washington, DC. -
Brendan Smialowski | AFP | Getty Images
President Donald Trump will call for an bipartisan infrastructure push in his second State of the Union address on Tuesday night.

“Both parties should be able to unite for a great rebuilding of America’s crumbling infrastructure,” Trump will say according to an excerpt of the speech released by the White House.

The bipartisan call comes more than a week after the longest government shutdown in U.S. history ended. On Jan. 25, both Trump and Democratic leaders in Congress agreed to re-open the government for three weeks.However, they have not been able to agree on funding for a wall along the U.S.-Mexico border. That is the key issue that led to the 35-day shutdown.

Wall Street strategists said ahead of the speech that Trump’s comments on trade, infrastructure and drug pricing could be market-moving. Stocks that could benefit from such the infrastructure push include Vulcan Materials, Jacobs Engineering and Fluor Corp.

But Wall Street strategists warned that the passing of an infrastructure bill would be a long shot.

“It is likely President Trump will push an infrastructure bill at the State of the Union,” Dan Clifton, head of policy research at Strategas Research Partners, wrote in a note ahead of the speech. But “unless President Trump specifically backs raising the gasoline or corporate tax rate, it is unlikely to see an agreement on a large deal.”