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Giant us steel have fallen sharply, after President Biden weighed in to oppose a near 15 billion takeover of the firm by a japanese company. Us steel is based in pittsburgh, pennsylvania a key battleground in this years election. The takeover deal, agreed in december, has caused major controversy there. But any move to block it could raise tensions with japan a vital ally for the us as it tries to counter the growing power of china. From new york, erin delmore reports. President biden is taking a stand against a deal in the making. Us steel, an american company, is set to be bought by nippon s...

>> that does it for us on this friday morning, ana cabrera picks up the coverage right now. ♪♪ happy friday. so glad you are with us. it's 10:00 eastern. i'm ana cabrera reporting from new york, and it may be friday, but there's still a lot of news this morning, including big economic shifts. we just got the april jobs report, and instead of the decline economists expected, unemployment numbers ticked down. the unemployment rate is 3.4%. jobs were added, many more than expected. that is some good news, but with interest rate hikes, banking turmoil, layoffs, and store closures, ...

Do-able. >> neil: what about all the new spending, i expected the double down on this but to dismiss the fact that the debt was an issue. earlier in the day, they released a statement we're close to $4 trillion in budget savings over the next ten years and they are not close to the $4 trillion and the way they are getting there, but implied with that, we're done with this whole debt thing? >> there is a fantasy aspect to the obama's presidency and healthcare is going to pay for itself? yeah, right. we don't care where it goes it will be good for the economy. guess what, you fund solyndra inste...

Across as something that's doable when it's not. >> neil: and charlie, i kind of expect they're doubling down on that, but to dismiss the debt is not an issue and earlier in the day. the white house saying we're close to the 4 trillion dollars in budget savings over the next ten years. and again, i should stress over the next ten years and they're not to the 4 trillion and the ways of getting there is-- but, implied in that is one and done. and this is, we're done with the whole debt thing. >> yeah, i mean, there's a sort of fantasy aspect to the presidency. like health care, going to pay for ...