for "nightly business report," jane wells, los angeles. >>> that's it for "nightly business report." i'm sue herera. >> and i'm tyler mathisen. thanks for joining us. we'll see you back here tomorrow. laura: it was said of reverend marley that he had once given a local woman his own shoes so that she might go to church. ( indistinct ) the locals had a saying about our curate which, strange as it may sound, they truly meant. they said that benedict marley was too good for this world. this might've always remained so but when a strange menacing spirit found its way into our little corner of the world it was as though a shadow fell on a garden a curse colored the minds of people

for "nightly business report," jane wells, los angeles. >>> that's it for "nightly business report." i'm sue herera. >> and i'm tyler mathisen. thanks for joining us. we'll see you back here tomorrow. >>> tonight on "quest" -- depression is one of the leading causes of disability in the united states. but until recently, little has been known about how it affects the brain. "quest" explores cutting-edge research and treatments that are offering patients new hope. >>> and -- they're graceful. they're beautiful. but do you know how they really work? come along as we explore the scientific secrets behind the elegance of sailboats. >>> major funding for "quest" is provided by -- the national science foundation. the gordon and betty moore

jane wells, san pedro, california. >>> coming up virtual reality. the technology may seem far away from everyday reality, but will the capital money continue to flow into what some are betting will be the next big thing. >>> a federal judge has rejected an nfl concussion settlement for a second time. the league's proposal of more than $750 million involved 5,000 former players who have sued over head injuries. the judge said the nfl should expand payments for some of those claims especially for families of players who suffered from chronic brain damage diagnosed only after their deaths. >>> strong outlook out today from the rail industry a sector that is looking to spend more and hire more this year. freight railroads planned to spend nearly 30 billion to lay track, add engines and create around 15,000 new jobs. this comes as the national rail network has been tested by energy and agriculture deliveries. >>> the air bag problems just got worse. regulators announced the recall of nearly 2 million vehicles to fix faulty crash sensors that could cause

for "nightly business report," jane wells at the port of los angeles. >> the impact of the slowdown is already being felt. according to goldman sachs research shippers have diverted cargo awa at the expense of increased freight costs and that's leading to a decline in intermodal volumes for union pacific. and retail rerouting shipments using air freight and that is helping companies like fedex and ups. >>> we begin our market focus tonight with disappointing results from aig. the insurance giant saw its profit slide hurt by weak performance in its corporate category. the company announce addd a buyback that adds to the nearly $5 billion in stock it bought back last year. it also declared a dividend of about 12 cents a share that has a yield of about 1%. after the bell the shares were volatile. before the close, the stock was up 20 cents to $52.45. it was the opposite story for cbs which also reported after the close. the tiffany network with better than expected revenue with higher than average sales helped by thursday night football and the ads for the midterm elections that sent high

for "nightly b jane wells, san pedro, california. >>> still ahead, what will wall street and main street be watching for in tomorrow's big monthly employment >> well long rumored radio shack makes it official. the company has filed for chapter 11 bankruptcy protection. the retailer said it will sell up to 4200 stores to shareholder standard general and more than 1700 of the stores will be cobranded with sprint. >>> a major oil field service company says it plans to lay off 5,000 employees or about 9% of its workforce. weatherford international cites the sharp downturn saying the move is expected to save the company $350 million annually. >>> and the number of americans filing for unemployment benefits rose last week. initial jobless claims up 11,000 to 278,000 for the week that ended january 31st. and now attention turns to the government employment report for january. it's due out tomorrow. according to dow jones, economists expect non-foreign payrolls to increase 237,000 and the unemployment rate to come in at 5.5%. hampton pearson has more now on tomorrow's report and what it might me

as jane wells reports, deal or no deal things won't get back to normal anytime soon. >> reporter: talks did continue today, but there was no deal as far as we know. despite weeks of negotiations by secretary tom perez and come to this. bb&t capital markets claim kfc flies chicken wings to china. flying them and auto makers paying to charter importers from asia to here. fuji paying extra $6 million for air freight according to bb&t. bed, bath and beyond with a growing line of retailers saying sales may take a hit because of the warehouses and stores. another company taking a hit. master craft in oregon manufactures upholstered furniture. that's a problem to continue to ripple through the business no matter when a deal is reached. >> we lost business starting right in january. we ran out of raw materials and master craft had to lay 180 people off for 2.5 weeks in january. >> the fact is that we are working probably three days a week. which has put a real crimp in the paycheck. we work paycheck to paycheck. >> if no deal the labor secretary reportedly told both sides they must come to wash

jane wells was out on the water for a closer look today. >> reporter: as negotiations between management and dock workers entered a second day with labor secretary tom perez directly involved there were about 30 ships parked offshore in los angeles and long beach waiting for space to open up where they could park this up. this has been here since february 12th. it left china last month, one year sitting since february 9th. they're all carrying tons of cargo. everything as one local sailor put it, from garment gps to hot pans. a demand by the union to be able to fire the arbitrator for the l.a. and long beach areas saying he favors management too much. though the ap reports the arbitrator basically appointed for life is a former union guy. there is some unloading of ships today but increasingly customers pay more to ship elsewhere. one analyst say no 1% of goods shipped to the east coast that's jumped to 30% at twice the cost. and expect to see the word port show up in more earnings reports. already, perry ellis is blaming delays here on a $23 million short fall in sales in the fourth qua

for "nightly business report," jane wells, vancouver, washington. >> organically grown it said right there. >>> have you purchased your power ball ticket yet? the jackpot now close to $500 million, almost half a billion. that's before taxes. the third largest power ball prize ever but it's big enough. the fifth largest lottery prize in history and that has people dreaming big. >> i have kids about to start college. two others to follow. i work everyday so does my husband. why not? a nice little bump would help. >> i don't consider myself lucky and i just feel like it's plowing away money but i shouldn't really. if you don't play how are you going to win? >> indeed. that's the fun part. not so fun part likely won't win. the multistate lottery association, you are more likely die in a lightning strike, since we're talking happy thoughts here rkts 136,000 or killed by an asteroid. i'm surprised the odds are that low or be attacked by a shark. not the shark that did dance next to katy perry in the super bowl. one in 12 million there. >> you had to spoil the dream, didn't you? hey, you ne

lisa: well, thank you. we think so. jane: all right, folks, 18 minutes and 40 seconds, please identify yourself and ask a question. do not give a speech. right here. wait for the microphone. pete baer: thank you. i'm pete baer with "energy wire." could you elaborate on the second of your four action points, how can the government use all of its capabilities more effectively to disrupt serious threats to critical infrastructure before they occur? lisa: so it's a very good question. what i met by that is, and the reference in the speech is using all of our tools. again, the terrorism model is instructive. we get around, literally get around the table in the situation room. our diplomats, our intelligence community, our military, our prosecutors and law enforcement officials, and we discuss what is the best way to disrupt this threat, to deter this actor, to determine how to address the threat. that's what i'm talking about with respect to cyber. you see us using all of those tools, diplomacy in trying to work with other govern

jane wells in los angeles. looking at what the budget proposal means for the defense sector. jane. those purchases will continue to go up since 12020. that is a win for lockheed martin. for boeing over $6 billion for more p.a. subhunter planes and to develop the next refueling tanker. at least $13 billion for new ships and replacing those old nuclear subs helping general dynamic northrop drummond and engles. the $535.5 billion baseline budget is almost $35 billion overspending caps. plus, another $50 billion on the side for finishing up in iraq and afghanistan. if congress does nothing to stop sequestration, there could be consequences for the national security. at a time when our military is stretched on a whole range of issues. >> however, a republican controlled congress may not necessarily be pro-defense at the expense of the budget and it may not want to balance the budget with custom military pay and benefits meaning it will be weapons programs at risk. though the navy really needs new subs. the air force seems committed to the f-35. the pentagon wants to retire. though the f

back to you. >> jane wells on the front lines of the pot economy, jane, our thanks as alwaysp. come back, the sharing economy meets hospital technology. medical devices on demand. coming up next. you can find a new frontier. there's nothing stopping you, and a lot helping you. technology that's with you always. this is our promise. it's never been better to wander, because wherever you go, you'll find us doing everything we can, so you can. there's confidence. then there's trusting your vehicle maintenance to ford service confidence. our expertise, technology, and high quality parts mean your peace of mind. now you can get the works, a multi-point inspection with a synthetic blend oil change, tire rotation, brake inspection and more. $29.95 or less. >>> digital health start-ups are up-ending the way health care is delivered worldwide and one such start-up boston-based cohelo among fast companies innovative companies of 2015, seeks to save hospitals millions by allowing them to share underutilized medical equipment. joining us the founder and ceo, mark slotter. it's good to see

jane wells is live once again at the port of los angeles. it's become her second home. she has the very latest for us. hi, jane. >> yeah they know me at the grinder. i love their breakfast over there. in an unusual move the pacific maritime association, the pma which represents management of west coast ports, has gone public with what it is calling its last best offer to dock workers, saying the slowdown will collapse into a total shutdown in five to ten days and at that point, they will stop paying people. the pma is saying the average dock worker makes $147,000 and it is offering raises which will boost that to an average of $160,000, full health care coverage. no co-pays, deductibles or premiums, higher pension and pma's ceo told reporters in a conference call the slowdown is in essence a strike except the workers are still getting paid and he says that's going to stop soon though he won't call it a lockout. >> what's at risk here the national economy, commerce. place goes down we all got major, major problems. i think if people aren't aware that we're at this junctur

>> thanks a lot, jane wells.eresting, because we just got the data point from las vegas, which sent the shares and the sector higher on the back of better than expected earnings. a different story. >> you're hoping for something, and steve wynn just said it. he's got more questions than answers right now. so if everything is built on the back of china's stimulus in china, i think you have to just wait and see. the whole space looks identical on a chart. if you want to start to pick away at these names, i don't think it's necessarily a bad idea. when you look at las vegas, you get that added kicker of singapore. wynn doesn't have that. >> i would not look to china's stimulus to make china gaming better. it's just not beginning to happen. >> china regulation. >> it's a whole different story. i would say it's going to 100. >> i think if you look at wynn, 140 is a purchasing level on the stock. i think the v.i.p., which is 35% of their value, is starting to recover. i think the comps are much, much better going forwa

jane wells there, in california. back from skiing and ready for the alley. >> hey, simon. yeah 3 billion isn't cool what's cool $19 billion. that's what whatsapp got from facebook, actually a little more a year ago and that's the valuation where snapchat is reportedly raising money. we'll dive into that. spencer ras cough, ceo of zillow fresh off his conquest. shake shack, he has a new one, coming up on "squawk alley." e financial noise financial noise financial noise financial noise tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so if you get a trade idea schwab can help you take it on. tdd# 1-800-345-2550 we're getting a lot of questions tdd# 1-800-345-2550 about organic food stocks. tdd# 1-800-345-2550 [ male announcer ] sharpen your instincts tdd# 1-800-345-2550 with in-depth analysis by schwab experts. tdd# 1-800-345

for "nightly business report," jane wells, los angeles. >>> a continued slowdown at the ports as jane just mentioned, a shutdown could turn into a big headache for a pillar of the economy. >> reporter: the west port coast congestion could be a $7 billion problem for retail. this weekend's temporary port shutdown has the retail industry riled up about the prolonged and likely continuing economic impa. a consultant si firm said it could cost the retailers as much as $7 billion this year ballooning to $37 billion next year because of the costs to reroute the transportation of goods, and missed sales due to products being out of stock. >> we're expecting it to hit retailers in calendar year 2016 in a major way. and i would expect that that would result in higher costs for consumers by the end of next year. >> reporter: a shutdown would be much worse, and wider reaching. more than half of the nation's imports enter through the west coast ports. the national retail federation and national association of manufacturers estimate a ten-day shutdown could cost the economy more than $2 billion pe

>> reporter: hi jane well vladimir putin came in this afternoon and has been having talks with the primed he is expected to address the press any minute now, and we are anticipating the hungarians are saying this is a big deal for them. they have been looking for gas supplies from russia. their contract expires this year and they depend on russia for its gas. 80% of their supplies come from russia so we think this is what the prime minister is going to say has been agreed. and the government here has been maintaining all along that this is about economics, not about politics and this is what is best for hungary, but of course it has been a pretty controversial decision by him to invite a man who is let's say persona non grata in most e.u. cities. >> so what is the significance of their talking? >> reporter: of the gas deal? well the critical voices particularly in the west let's aconsider that doing this kind of a deal makes hungary more dependent on russia. they have also signed a multi-million dollars nuclear deal with russia and this has been let's say cast as a -- as a -- as a way fo

jane wells has more.ournal of xlers is reporting that sources are telling it that a tentative deal has been reached between management and the dock workers. we have reached out to both sides to see if this is in fact true. but according to the journal of commerce, word spreading friday morning that they reached an agreement around 9:00 thursday night on a five-year deal that ends nine months of negotiations. according to the journal of commerce, one major corridor friday, infrastructure, the shipping line was reporting the news internally based on several trusted sources that said the agreement had been reached. no details were released. and neither the pacific maritime association, management nor the longshoremen's union, which represents the labor obviously, have made any statement yet. if this is in fact accurate that would be a huge and much-needed breakthrough as labor secretary tom perez reportedly warn both sides if they did not reach a deal by today, a.p. saying they was going force them both to g

let's go to dominik chew for another market flash. >> i love jane wells and her stories.acy stocks here moving higher with the news that rite aid will buy envision for $2 million. rite aid up 10% in today's trade. you can see they're off 9% here to the up side. also, cvs, walgreens, boots alliance, and express scripps moving to the up side here in today's trade. rite aid's deal should help the company in growing areas of specialty drugs and medicare prescription drug coverage. back to you. >> thank you very much dom. well americans renouncing their citizenship. love is in the air at work, and a follow-up on social media faux pas that got a jeb bush aide fired. that is all coming up next in the power rundown. in my world, wall isn't a street. return on investment isn't the only return i'm looking forward to. for some every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equ

well, you can go from asia to the east coast. as janing pointed out, a lot of traffic is going that way. costs a little bit more. >> you bet it does. >> you talked about how much it was. >> about $4,000 to get into the west coast. talk about $6,000 $7,000 to get to the east coast. >> these are the east coast ports that would be getting that spillover effect. >> exactly. i was talking to a couple of sources this morning, they're saying that savannah and norfolk are actually turning out to be the big winners in this. big rail connections always key. you have to get it to the interior. >> who owns these ports, or who operates them many. >> the ports themselves are public facilities but they lease out terminals. you get terminal operators. they're a stand-alone company, or the ship lines open the terminals outright. here's the trick, tyler. all foreign-based. >> they're not u.s. companies. auto a lot of them hong kong singapore. >> international shipping is all foreign-based. we have some domestic ship lines. smaller operators. for the most pa

thank you, jane wells.d -- >> maybe they should send them to brussels. >> why is sending them to washington going to help? stay in san francisco, get some work down. >> kind of unbelievable it's more cost-effective to fly some of these goods across the pacific ocean than to live with the possibility of a slowdown in sales. >> they need their chicken wings in china. >> it's remarkable. >> we'll cross the country and get some reaction from someone who knows how the inner workings of parts on the east coast really work and what's at stake for the west coast ports. >> maybe we could use the port of virginia. in a cnbc exclusive we welcome port of virginia ceo john reinhardt reinhardt. do you find yourself thinking there but for the grace of god? >> what i hope is common sense a found and a decision is made and a compromise is reached because what's going on on the west coast is disruptive to our whole economy. so it's critical infrastructure. you can't replace it in the supply chain. so what we need to see is a

can you hear me, jane? >> well, i can yes. >> is it quiet now? >> it is. >> listen, jane, we'll leave it there for now and hopefully come back to you a bit later in the news hour to explain some more about these controversial laws in iraq. >> lets move to other world news. >> 22 are dead after a plane crash in taiwan. it went down shortly after taking off and plunged into a river near the capitol taipei. >> in taiwan, cars often have an onboard camera in case there's an accident but no one imagined recording one like this. a passenger plane caught reeling out of the sky. it plows into a wall, the driver survived but many of those on the flight didn't. it crashed into the river in suburban taipei. rescuers quickly realized the scale of the operation that confronted them. >> as you can see at the scene the head of the plane is in the water. right now, we are asking the military to set up a makeshift bridge to get near the fuselage to carry out rescue operations. >> the survivors included this young child but later it became clear that this would als

jane wells joins us now to explain. hi, jane. >> hey, guys.t craze. paleo, vegan, cut the carbs out, gmo-free, and one of the world's largest crops happens to check all those boxes. >> darren personifies everything in modern fitness. he does crossfit eats paleo, but without the meat. instead for muscle recovery and protein he has turned to alternatives like rice. rice is the new meat? >> i feel better. my body feels better. my recovery is exactly the same. >> this is rice and pea? >> rice and pea protein. >> the ceo of axiom, the largest producer of plant-based freens in the u.s. cashing in on america's hunger for more protein in our diet. the bbc estimates animal-based whey protein will be a $12 billion global market in two years, and axiom wants to carve out a niche. snoo is this for expensive? >> it's less expensive, and it's also hypoallergic and gluten-free and vegan. >> axiom's rice protein sells everywhere from whole foods to small stores like the vitamin barn in malibu. nutribiotics has been use it and rice profine products are now its

. >>> well, let's speak to jane arraf in baghdad.'s start with the release of those iraqi hostages to who had been held by isil, what are you hearing about that? >> reporter: we spoke to the paramount leader of the tribe one of the biggest tribes in iraq and he tells us that 30 more people have been released, 20 were released in additionally. so they have let a substantial number go. but they are still holding 90 tribes men including boys, 10 boys, nine or 10 boys, aged nine and 10 years old. he believes it's in retaliation for their relatives fighting against isil. but we have to remember that they are not the only tribes men or the only iraqis who have been kidnapped. that has been happening in various parts of anbar province and other provinces it's one of ties ill's tactics to try to persuade the tribes fighting against it to step down. >> now, what other news has come out, which is interesting amid all of this continuing violence, a law moon rights watch reporter accusing kurdish peshmerga forces of discriminating against arab c

jane wells on the water up in west coast. thank you very much. >> did you know because i did not that in a life far, far away he was the court reporter for several different publications. it is true. he is a great resource for says. alan, is this really a done deal? >> not really. remember this is a negotiating committee that went and brought out this agreement. they got to go back and sell it to the 14,000 members of the union. it's a good deal. this is not like one factory or group of factories. they're all along this coast. you have geographic differences. the gee in the northwest might not deal with everything that the guys in southern california are doing. some of the ports, there's 29 ports. some are teeny tiny. they have 15 guys running the dock. others, like the huge mega complexes we've been talking about, you know long beach, los angeles, seattle, tacoma oakland. they're doing the huge container traffic. ob? they might have different issues in overtime and in pay. >> how much pull with this group negotiating have fo

thank you, jane. >> well, time for your earnings play. the three big names to watch.ming up next. >> and later on, the super bowl commercial that brought the most controversy. that is the nationwide ad. a you big fumble, or maybe it comes down to marketinging. >>> as we head down to the break, your s&p 500 sectors. we're seeing about half of the green. half in the red. energy and telecom, the best health care and consumer discretionary, the worst. we're back after this. ♪ when it comes to medicare, everyone talks about what happens when you turn sixty-five. but, really, it's what you do before that counts. that's thinking time, when you ask yourself, how do you want this to go? see, medicare doesn't cover everything. only about eighty percent of part b medical costs. the rest is on you. so, get started on an informed decision. [ male announcer ] consider an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, these plans could help pay for some of what medicare doesn't. that c

jane wells is live in san pedro with the latest with what's going on. any end in sight here? >> reporter: no. mandy, here's what's going on though, today. today's lincoln's birthday and pay today plus the weekend and monday is president's day is higher. as high as $92 an hour for dock workers according to managements. the pma representing management says thanks but no thanks locking all work loading and out of loading ships for the four days though it says work to move cargo off the yard continues, barely, each side accusing the other of causing the congestion. what's holding up negotiations? they say it's not pay. >> every time we saw an issue important to the union, they layer on new demands. they want the permission to be able to fire a judge if they don't like the judge's decision. we don't think that's workable. >> do not listen to pma's [ bleep ] stay united. >> reporter: the union says they are trying to divide and conquer and is not showing up for negotiations. >> we've been sitting here as i give this speech for five days waiting for pma, and they have not shown up y

jane wells has more out in l.a. what's happening, jane? >> hi kelly.esorts down after hours after a big miss by the company on the top and bottom lines. wynn reporting about revenues of $1.14 billion. the street was looking for a little over $1.2 billion. earnings per share came in adjusted at $1.20. the street was looking for $1.43. the big difference is a 32% net revenue decrease in macao and a nearly 6% decrease in net revenues in las vegas, and macao, not much good news there. down everywhere even in the mass market segment. in vegas, net casino revenues were down 15.5%. rev par was up that's one difference from las vegas sands and ebitda another big miss almost $353 million. the street was looking for $380 million. the conference call starts in about 30 seconds and we'll be back in "fast money" with more on that. >> jane in 15 seconds that we might have here, what is going on in vegas for this company? we know about macao, but what about vegas? >> vegas, you heard it in las vegas sands numbers and the nevada gaming commission came out with new num

jane wells is live at the port of los angeles with the very latest.

it's not moving. >> jane wells, thank you so much jane. eye on the activity or lack thereof in the port for us this afternoon. >> lycra hot pants. >> be interesting if those crates were all clear. >> help security that's for sure. >> for many industries there may be no safe harbor from the storm of the port crisis. >> let's talk about more on that with liz dunn, the founder and ceo of tomag advisers. when i go to the store where will i see the biggest impact? >> i think you will see less goods on the floor. once we start to work through the goods, you will see higher sales. >> you mean higher prices. >> no i actually mean like more discounts, higher discounts. >> okay. >> because once the backlog kind of clears through you will start to see higher discounts, but i think what's interesting is that retailers are airing it all in. they obviously don't have the power to mark that up and pass it onto the consumer so i think really it's going to impact the retailers in a lot of ways that won't necessarily be as visible to the consumer. >> which

jane wells joining us now. jane, no doubt, listen i understand there are people listening on the radio right now sitting in their car on the 405 in west l.a. saying sullivan you idiot. tell us something you don't know. we know we're paying for gas, but so tell us why this is happening. >> oh, you idiot, sullivan. >> i've heard that. >> here's the numbers first. the average price of a gallon of gas in california has gone up 43 cents since that refinery explosion here last week. the average in california is $3.23. in l.a. the average is higher. $3.40. here it's $3.57. in the last 24 hours in l.a. there has been a 15 cent a gallon jump. now, even before there was that explosion of the exxon refinery which makes the special california blend of gasoline prices were going up. one thing we're transitioning from our special winter gas to our special summer gas. according to triple-a california regular unleaded in one month has jumped 78 cents. l.a. now has more expensive gas, the most expensive gas in the country. more

. >> jane wells joins me live on the port of los angeles.ane i understand you have a new statement from the labor secretary on the negotiations. >> reporter: yes, we do tamron as he continues to meet with both sides. i want to show you this. this ship left china last month. it has been sitting here since february 9th. it can't even get to port. one there behind it left china also last month. it has been sitting there since february 12th. look at all of the cargo on the ship. by my count, 30 ships are outside the port just in l.a. and long beach, more up and down the coast. here is the problem as you say. secretary perez says yesterday's talks were positive and productive apparently not productive enough. we are told both sides are close on pay. the sticking issue is demand by the union to be able to fire the arbitrator down here in l.a. and long beach. they say the arbitrator is appointed for life, dock workers sea he has treated them unfairly management says no way. how are companies dealing with this? usually 10% of goods from china go to

we ear talking about export how this is affecting california the cy truss, jane wells, our reporter wasat and you can see just see a line. >> it's remarkable. >> it's interesting to me that it's not being discussed more considering the impact that it's having. >> i think it's quite true quite true. if you took a helicopter you can see the sea of ships waiting to unload their cargo. >> right. it's all a reflection of the global economy now. it's so much of it is just in time, right. we have reduced the amount of money that we want to spend on warehouseing goods and on shipping times so we get them through the ports right to our factually to build out very very efficiently, and when there is a choke point as the ports are for the vast majority of exports going out to asia and imports coming in from asia particularly, then you see this kind of phenomenon, and it slows everything down. automakers in the u.s. and retailers. >> there are parts that are being held up in some of these cargos. >> and the work around is expensive. a lot of the automakers are flying stuff in. now air freight, they

. >> well, jane, first of all the security deal you're referring to egypt--france has agreed to sell egypt 24 fighter jets with missiles and freighter. this has been on the cards now. the manufacturer has been trying for many years to get a deal for sell. dozens of rafael fighter jets to india. that seems to have fallen apart. they've also been in talks trying to sell planes to them. but this is a very big break through for the industry here. it is very important to egypt not only in terms of its industry but that it does not only rely on military support but it has been talking with russia's vladimir putin about strengthening trade deals between the two countries. it's looking for more partners, and i think this is very very good news in terms of president el-sisi who has been criticized outside and in france as well for his human rights record. he can say look at france, the country that cares about democracy and ruin rights etc. is willing to do a deal at this specific time with us. >> talk us through the phone call between hollande and sisi. >> well, earlier the two presidents ha

the party is at a standstill thanks in part to the pork problems jane wells is live with more. hello? >> reporter: brian, there are 18 million americans of asian dissent all celebrating today or their friends are or people who like a good party, and here in l.a.'s famous chinatown, well they could be making more money than hay are because they have had souvenirs for today on the port out on the docks for two months in a container. they got the container yesterday, but they've not had time to fully up load all the stuff, but the show must go on, and so some stores are actually flying in their merchandise, even though it costs more. and the hope is that a lot of the merchandise will be generic to use again next chinese new year, but if it's specific to the sheep or the ram or goat whoever you are, depends on where you are, what you think it is, well that year does not come around again until 2027. as for the court standoff suicide, tom perez meets with both sides as well as the commerce secretary and walmart, even big companies like walmart are starting to see pockets of shortage

. >> reporter: well jane we have managed to speak directly to the sitting governor of the state who isember of the opposition and what he basically explained were supporters were about to get started when three large explosions were heard. there was pandemonium, and people began running helter skelter. there was quite a stampede. but it wasn't clear what the purpose of the explosion was. it is an area that has been traditionally in control by the ruling party, the people's democratic party, and when i spoke to the sitting governor what he basically explained is that many in the opposition are asking themselves the question was this attack on their campaign politically motivated? he said that people even began coming out of their houses trying to chase opposition supporters away. he said they were firing gunshots into the air as the pandemonium broke out. >> reporter: and obviously there has been a lot of concern with what is happening with boko haram in the west of the country. but we have seen quite a bit of preelection violence particularly since december haven't we? in other parts o

port situation with jane wells. >> kelly, it's up in oakland.tions continue with the u.s. labor secretary in san francisco, a broad side from across the bay where the port of oakland has not basically, has shut down operations for the day. apparently the dock workers there are having their contractually allowed once a month meeting, which is a full day. usually that meeting has taken place traditionally after hours at night. today they chose, which they contractually can, to do it during the day. pma, pacific maritime association, their management says that has essentially forced the dock to shut down with the port's peak period of activity. the work stoppage means containers will not be loaded or unloaded on the 12 vessels at berth. no dock work in oakland today. now the dock workers might argue, well, management could hire them at night to do this but management has stopped working dock workers on the night shift. this is another case of hit for at that time -- tit-for-tat. >> walmart is concerned about get being merchandise on the shelves the

. >> we'll go back to baghdad jane talk us through the violence that happened today and the impact its likely to have on the curfew? >> well, jane, as you've seen, it's been two horrendous bombings. two suicide-bombers, one going into a fast food restaurant, mainly shia restaurant killing 35 people. now all of that on a day that the government is declaring the curfew over, a curfew that has been in place from midnight to 5:00 a.m. for years. for that we have a spokesman for the minister. thanks so much for being with us. tell us some might say this is not great timing to live the curfew. why are you doing it now? >> good to see you. well their aim is to terrorist peopleterrorize people and to stop living their lives. this is the time to take this mention message and this approach. we have areas that are safe and secure enough to live a normal life. this is coming, i believe at the right time to let the people of baghdad live their life, and to have their voices heard across the world that people should live hire their lives in peace. >> how are you going to prevent car bombings? >> those are happening across baghdad, and s