jim mckin nen said in a conference call if it comes to the standstill they can have a period giving power to a mediator to bring about a contract. as the shutdown in 2002 proved it can take months maybe longer to recover and this time there is more competition coming with the widening of the panama canal. >> what's at risk here? the national economy, commerce place goes down we all got major, major problems. >> reporter: how major those problems are, we'll find out in about a week. 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 com