for "nightly business report," i'm kate rogers. >> and that is "nightly business report" for tonius. i'm tyler mathisen. thank you from me as well. we hope to see you back here tomorrow night. narrator: coming up on "quest"... how the wines we drink could change as the climate warms. walker: we're trying to look at their adaptability to hotter temperatures. narrator: what we can learn from tsunamis of the past to protect ourselves in the future. jaffe: you can estimate when that area might be hit again. narrator: a high-tech tool that maps hidden sources of water. and an artist who brings the beauty of botany to life. next on "quest." announcer: support for "quest" is provided by...

for "nightly business report," i'm kate rogers. >> and that is "nightly business report" for tonius. i'm tyler mathisen. thank you from me as well. we hope to see you back here tomorrow night. >> this is bbc world news america. >> funding of the presentation is made possible by the freeman foundation, newman's own foundation giving all profits to charity and pursuing the common good, kovbler foundation, and mufg. >> the oldest trees bear the sweetest fruit. at mufg we believe in nurturing banking relationships for centuries because

for "nightly business report," i'm kate rogers. >> and that is "nightly business report" for tonius. i'm tyler mathisen. thank you from me as well. we hope to see you back here tomorrow night. laura: my ma said that, of all the bonds that exist between people perhaps the sweetest is the bond of friendship, for it is born not out of duty or blood ties but out of sheer delight in another. how hard it must be to be friendless in our hour of need. how bitter to be alone at the moment of reckoning. ( doorbell rings ) and yet for some it was friendship itself the sharing of our deepest truths and the trust in another's goodwill towards us... morning, miss pearl. good morning. ...that was the hardest path of all.

"nightly business report," kate rogers. >> it's having a big impact on bond sales. they postponed the sale of nearly $300 million worth of municipal bonds. the bond markets are expected to be open on the usual schedule tomorrow. >>> a few feet of snow is expected to have a big impact on retail and restaurant sales. citigroup say it could cause retail traffic to fall between 2% and 4% this week. home depot, lowe's tractor supply they're expected to see big sales gains. fast-food chains casual dining outfits should see comp sales fall. >>> on wall street today, stocks hovered between small gains and losses. getting a lift from a handful of corporate mergers, despite worries about election results in greece. we'll talk more about that in a moment. at the close, the dow was up six points the nasdaq was up 13 and s&p 500 added five points. in the energy market both domestic crude and brent ended lower after an opec official said the market may have bottomed out. >>> economic news from washington. the congressional budget office now predicts the 2015 budget will be 68$68

kate rogers has more. >> reporter: dennis started his business winery in napa valley in 1982 and continues the run the show into his golden years. daughter suzanne, one day will take over the reins but like many parents, the former accountant isn't quite ready to let go. >> i'll slow down. i'm 72 years old now and i like what i do and my daughter hasn't asked me to leave yet. >> reporter: he doesn't have a formal succession plan but is unique. from price water house coopers finds nearly 75% of family owned businesses don't have a succession plan for senior physicians in their company. what's more e nearly 60% stay on longer than planned to ensure a smooth transition. sticky baton syndrome. >> there's tendencies of previous generation or current leaders to kind of hold on or maybe continue to have influence. maybe on the money or wealth side but i think more of the emotional side. >> reporter: according to u.s. a, one-third of small businesses are family owned or operated. mom and pops are decidely operated and 79% telling pwc over the next five years. not just family businesses feeling opt

kate rogers has the details. >> reporter: across the country, many workers will be ringing in the new year with a raise. beginning on january 1st ten states will see increases to their minimum wage rates, thanks in part to ballot measures passed in midterm elections. another nine get hikes due to annual cost of living increases. new york's race kicks in today and alaska's minimum wage increase today will kick in february 24th. the current federal minimum wage is at $7.25 an hour but the national average minimum wage after these hikes kick in will be around $7.75 an hour with higher wages, coming more pressure on not just small businesses but franchisees. 18 million employees nationwide working for franchising according to the international franchise association. said more than 85% of their members believe recent efforts by some cities and states to increase the minimum wage will negatively impact their business. franchisees may be tied to big corporate names like mcdonald's and subway but often, operate as smaller store fronts owned by individuals. fast food franchises in particular h

right now, kate rogers has the story. >> reporter: 2015 is the year to expand for nigel. start td his company go locker in november allowing consumers to have two brooklyn convenience stores rather than waiting out deliveries at their homes or departments. >> we look at outer burros and more people shop online and get advantage of the free deliveries most internet companies are offering they need a place to have delivered to. >> reporter: thomas is renting space right now but hopes to get a apartment location this year and cash in on tax incentives. >> once we get location we'll be installing some solar panels on the roof so that we could take advantage of that. >> reporter: thomas might be on to something, analysts say, as several trends on main street's favor in the new year. low fuel costs are a positive for entrepreneurs so far in 2015. crude oil hit a 5.5 year low today and energy costs are a top three concern for small businesses according to the national federation of independent business. analysts say this can have a positive topdown effect for new companies. easy

kate rogers has the story. >> reporter: most teenagers spend the money they make at their afterschool job on fast food music cool clothes and shoes. and in a lot of ways chase reed no different. only he turned his passion for looking cool into his afterschool job and more. at 14, chase had amassed $30,000 worth of basketball sneakers. but last year he sold his entire collection to open up the world's first sneaker pawnshop sneaker pawn usa in harlem. >> it was hard to let go of the collection because you're 14 years old with 200 pairs of sneakers and now all of the sudden you have to go back to zero? this is not really fair. this can't be life. like, that's what i was looking at it as until i got older, i'm like all right. it was really worth it. >> reporter: like many 16 years old, chase is hooked on instagram only his goal is to drive foot traffic here to sneaker pawn usa to see what's not in store. these lebron jewels retail for $250 but they're selling them over $1200. troy, his business partner, said the social media posts drive customers to the stores daily. >> this is the new s

kate rogers has our story tonight. >> reporter: the sign of a truly disruptive kaine is ive company is railing with the establishment. ride sharing services uber and lindt facing global opposition. today, home sharing start air b&b's fight to city hall. city council members heard testimony from a variety of groups. air b&b members, the mayor special enforcement and tenants who say the service is exacerbating the affordable housing crisis in the city. >> when you take the whole building we don't know if those would have been rent regulated units. if you're taking one or two units in the building for instance, that impacts the he quality of life for the other residents in the building. >> reporter: in fact the report released last fall eric sneiderman said nearly 75% of air b&b rentals in the city are illegal. air b&b said it's fine to weed out illegal hotels but stands to benefit by legalizing the services. the start-up claims it generated 768$768 million in economic activity and guest paid $330 million in sales tax and money spent at local businesses in new york city alone. supporters

kate rogers has more from ferguson. >> i was shocked. i went into shock. >> i felt totally violated. >> scary. you don't know where to go. >> reporter: wau knee that morris been in business for nearly 30 years watched the location she had in town for a decade burned to the ground on the news. >> i feel a lot of people hurt by this. >> reporter: luckily for juanita, eric lee saw business damaged on tv. he reached out to juanita and helped with a crowd funding page on gofundme.com an online fund raising platform. today, juanita raised nearly $23,000 on gofundme. had plans to move from this location behind me where nothing was salvageable to a new spot she got yesterday. >> i thought the internet would be a really powerful tool to make a difference. >> reporter:t has also proved to be a powerful tool for dawn marshall who owns hi ra chi pizza. protests outside of her store caused to change hours because customers couldn't get into the restaurant. facebook promotion helped the store to sell out for the first time in december. >> we love our

i'm kate rogers.e start-up behind that movement have butted heads with the regulatory establishment all over the world. today the fight is over air bnb and its place in new york city, and that fight has hit the steps of city hall right here behind me. now, new yorkers who support air bnb say it's important for the local economy, and, in fact has generated millions of dollars in economic activity in 2014 alone. last year we did see big cities like portland and san francisco allow air bnb to collect and remit hotel taxes. official here's in new york city say it's a long way from becoming a reality in manhattan. >> if you follow law in subletting or having a roommate which is essentially what a bnb person could be then you can, in fact, collect taxes, but only if you follow the law. >> well air bnb supporters say they do want to follow the law, but more than that they want to see that the table, talking about future regulations. now, for many the issue is not fwlak and white here but at the least if you

back over to you guys. >> all right, kate rogers.nk you with an eye on those big reports coming up in just about ten minutes time with the dow up 165. the s&p having a you have to session off 25 the vix is higher and the nasdaq is off 37. we'll have more on the markets coming up -- >> right after this. >> stay tuned. they're still after me. get to the terminal across town. are all the green lights you? no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. welcome back to showdown! jerry rice here with 8 year old andrew hunter debating who will win the big race between the tortoise and the hare. what do you think andrew? rabbits are faster. it's not a rabbit, it's a hare. what's the difference? maybe figure that out before debating the best wide reciever of all time. wait, are you odell beckham jr.? >>> all right. here we go. $800 million to sell art cashin told us

kate rogers live in new york. we saw pictures before we went to break and looking like hundreds of people lining up to get into the hearing this morning? >> that's right, kayla. in fact, there's actually overflow from the hearing they can't fit all of the protesters and supporters inside. of course the sign of any truly disruptive company is clashing with the local regulatory establishment and airbnb's fight is hitting the steps of city hall. at the heart of the issue whether or not the homesharing start-up and services are good for new york city. they say supporters their rentals have basically brought in millions of dollars in 2014 in new york city alone. >> i don't mind contributing to the economy of the city by paying taxes. i don't think that we're taking anything away from the economy of the city because all of our guests are mostly international travelers spending money here and boosting our economy in our city. >> reporter: but the mayor's office and special enforcement says if you want to rent your home yo

in new york city for "nightly business report," i'm kate rogers. >>> our market monitor said for the past five years, february has been a good month for stocks and he thinks that trend will continue this year. joining us is jamie cox, managing director with harrison group and more than $60 million under management. nice to have you here, jamie. >> yes hi sue. how are you? >> good thanks. a rough day on the market today in almost every sector and do you believe the adage that as january goes so goes the rest of the year or no? >> i tend to. i mean that has been sort of the trend over the last however many times we've cited it, but i don't think this january has been bad today but all month. a terrible month. a lot of crisscrossing data. a lot of really interesting things happening like qe in europe. i think that we could probably throw this one out because i think there have been so many things that typically don't happen in january that happen this year. i think for once this may not indicate the trend. >> a lot of things caused volatility this month. especially volatility to persist

kate rogers sent this report on some of the transport problems in the wake of the storm. >> almost 24 hours after the airport was virtually shutdown the first plane was put on a schedule to finally take off and a few lucky passengers were able to get their hands on boarding passengers for a spirit airlines trip to fort lauderdale. >> i overheard an airport worker saying spirit had five flights coming in and i ran to the spirit desk and i said where can you take me? even if i couldn't get to denver i wanted to get out of new york and i was able to get a connection through fort lauderdale. once i get home i'm going to shower and sleep for like days it feels like. >> not everyone here though that lucky. there were passengers that were stranded over 24 hours. resting on cots. they say comfortably. airport security staff taking care of them with water and ooeneven tooth brushes. in total flight aware.com reporting more than 8,000 flights completely cancelled due to winter storm juno and tuesday upwards of 4,000 flights. that accounted more than 15% of total u.s. air traffic daily. in new y

kate rogers is live in ferguson. kate? >> reporter: hey there, steve. that's right.usinesses were seemingly unrelated to the killing of michael brown in august and the grand jury decision handed down in november. but they were among the hardest hit by violence and protests. looters here in town. we're standing where juanita morris had his store for nearly a decade. she's been in the community nearly 30 years and watch her store burned to the ground on tv. back in november. >> i was shocked. i went into shock. and was surprised because i had no idea that they were going to burn the store. >> reporter: but luckily for juanita, a college student, eric lee, also caught that destruction on the news, as well. he reached out the her and along with others and set up a crowd funding page for her on go fund me.com. they had a goal of $20,000. to date, raised $23,000. and yesterday juanita got the keys to a new location and hopes to open in just over a month. >> i saw the stories on the news of business owners who had been victimized by the looting. and i really thought that wa

kate rogers has a special report on boon time for franchises and if kate's numbers line up with what is seeing. >> maybe he'll make an investment. >> maybe. >>> a couple of minutes left in the trading session. today, rally day for the u.s. equities. right off the bat for the dow pretty good move higher here. in fact near the highs of the session with a gain of 210 points at the moment for a gain of 1.2%. also buying treasuries as bob pointed out. the yield on the 10-year back below 2%. 196 right now and trading and one more price of crude oil, kind of a mixed day. wti, though up 1%. so we saw a movement. but look how volatile crude oil has been today and back to $48.50. you think we should have an even bigger rally. >> my disappointment is oil stocks not doing much today. exxon, chevron. xop, the oil exploration production basket is down today 1%. we should be getting dramatically oversold and a little bit -- there's the xop. people waiting to rally for three weeks now and on a day with oil stabilizing, you should have seen a move to the upside. i think that's a little bit disappoint

joining me now is kate rogers. thanks for joining me. what's the latest on the air snarls? >> of course. alex as you said, there is certainly a ripple effect. there were only about 2,000 flights this morning cancelled or delayed. that number is now at 6300. ground stops have been enacted here at laguardia and also at newark airport. it is kind of turning into a ghost town at laguardia airport. we also saw major airlines like united and american completely stopping all their service to select airports in the northeast beginning tomorrow including philadelphia boston, newark, laguardia where we are, and jfk. boston, they're still the only airport at this hour to completely suspense service at 7:00 p.m. tonight and continuing to tomorrow. they hope to have things back to normal by wednesday. they're saying the way things are going right now in the new york city area they wouldn't be surprised to see all flights cancelled in and out of this area tomorrow. >> are there flights scheduled to leave tonight out of new york that have not been cancelled? >> there are some have haven't

as you might imagine, airlines are cancelling thousands of flights ahead of this blizzard, and kate rogers is live at la guardia with the latest for us. hi kate. >> hey, sue, that's right. flight aware.com has been tracking these cancellations due to winter storm juno between today and tomorrow. more than 5,500 flights have been completely canceled. they're also mapping out the most miserable airports in the country due to these delays and cancellations. in the top spot is newark followed by la guardia, and chicago o'hare is in the third place spot. here at la guardia at nearly 50% of flights have been completely canceled today. close to 300 of them. the passengers and travellers we're talking to they're not feeling that miserable just yet, but they are looking and hoping to get out ahead of the storm. >> we changed to an earlier flight. we had a 3:00 flight this afternoon. >> i'm a little concerned that, you know if this does live up to the hype that things won't be leer in time and i'll get stuck in columbus for the weekend. >> it does remain to be seen though if other airports will foll

. >>> franchising kate rogers on the case. >> the international franchise association is out with its they are projing a 5.1% growth for the sector up for the fifth year in a row. the largest global trade group for the industry. they monitor employment, sales and credit conditions. the most popular franchising models in 2015 will be quick service restaurants. among the things that have both ifa and individual franchisees concerned are hikes and affordable care act. says overregulation is hurting the model. >> the challenges that are out there right now are a bit daunting. and it's not just the increase in the minimum wage and not just the affordable care act, it's also department of labor rules on overtime or on sick pay and its increases in taxes and legislation that impact how franchise operations are run. >> that being said franchising rules still add more than 12,000 stores and jobs. >> thanks very much. that will do it for "power lunch." >> and "street signs" starts right now with fed minutes any moment now. we will see you tomorrow. >>> stocks and oil trying to recover as paris

our kate rogers is in ferguson. hi, kate. >> hey kelli. you can see some the damage behind me here.out positivity and moving forward. we met with a man named bryant k. mitchell. this guy never missed a day of work despite riots and unrest happening literally footsteps from the door of his business. he's located down the street if the ferguson police department where there were riots, fires, overturned vehicles. but he decided that he was just going to simply board up his windows, keep holding class cautiously but persevere. now mitchell scored a $10,000 loan over the next five years with 0% interest from the st. louis economic development project. he says he plans to use that cash to start a new advertising campaign and hopefully regain some of the business that he lost. >> we're going to do advertisement on the front to let everyone in the community know we are still open. and, you know, that has really helped. >> and also his logo at his business is you will survive. it's a phrase that's taken on new meaning for his business and all of the city. it was on full display last night.

kate rogers live at la guardia. what's the situation there? >> well, brian, you just said it. they're certainly piling up. we just actually passed the 6,000 mark as far as cancellations go between today and tomorrow due to winter storm juno. we're seeing airline flights union i'd sppd theiring operations at northeast airports including la guardia where we are, somewhere fk, newark, boston, philadelphia. american airlines also taking -- today into tomorrow. also, boston logan becoming the first airport to completely suspend its operations beginning at 7:00 p.m. tonight into tomorrow. one of the obvious questions is what does this all mean for the airlines? our own phil labo is saying you will probably see revenues take a hit, but don't expect earnings to be that impacted for several reasons. one of them being that passengers did have ample time to change their flights, hang their plans because of winter storm juneau, and also the airlines budget and plan for these types of storms in the fourth quarter and first quarters of every year, and so far this winter storm has been the f

. >>> i'm kate rogers with your cnbc market wrap. stocks rally across the the board.&p ends up 31. the nasdaq jumps 82. starbucks shares closed up more than 1% and up another 3% higher in after hours training. revenue was light. and in the latest guidance is below targets. and the number of americans filing for first-time jobless claims retreated from seven-month highs last week. claims fell by 10,000 to 307 yes, a raise. i'm letting you go. i knew that. you see, this is my amerivest managed... balances. no. portfolio. and if doesn't perform well for two consecutive gold. quarters. quarters...yup. then amerivest gives me back their advisory... stocks. fees. fees. fees for those quarters. yeah. so, i'm confident i'm in good hands. for all the confidence you need. td ameritrade. you got this. your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years we've helped millions of people protect their families and run their businesses. we have

kate rogers. the fed kicking off a two-day meeting, so how much will europe's historic stimulus program affect the fed's decision to begin raising rates? plus, greek voters get an unlikely hero. michelle caruso-cabrera is live in athens with that. >> on friday we interviewed greece's former tax collector? i thought he was crazy. this is a country full of people who hate paying taxes. why on earth would they elect the tax collector? well, guess what he got in. he is going to join us live next and tell us what his next priority is when he is in parliament. power lunch will be right back live from athens, greece. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't

we have morgan brennan in the heart of the city in times square and kate rogers is out at laguardia onland. jackie can you see the statue of liberty? i bet you can't by now, right? >> reporter: you can't actually. visibility is very low in downtown manhattan and actually you just missed a barrage of snowplows and salt trucks trying to get ahead of this storm before it really starts to come down, but the streets are getting messy right now and people that work in the financial district are starting to head home at this point. a lot of vehicles on the road as well because officials have advised drivers to be off the roads so that they can clean them properly and also be open for emergency vehicles. meantime, a couple things to think about here. the exchanges right now are going to be open for business as usual. those are the latest updates that we have. the last time that then yse was closed was during hurricane sandy in october of 2012 and, of course, the last time it was closed for snow was in february of 1969 but that was a completely different era because there was a lot less going o

. >> thank you so much, kate rogers. this is the irony.also on the same day where place like south carolina are banning uber. p. >> uber will probably ultimately win. we'll see. the only thing down this so far this year, the vix. >> "closing bell" is snegs. >>> welcome to the closing bell. i'm kelly evans at the morning stock exchange where we're picking up some momentum. >> and i'm bill griffith. it seems the market does like a good old fashioned central bank bond buying program. no matter the continent, no matter where it's taking place. although we did dip lower briefly this morning. you see a little bit of red until the rally got back into gear and especially in the last hour or so. so now here we are, the 15th trading day in a row where the dow

kate rogers live at new york's laguardia airport on what has been a harrowing day for a lot of travelersome. >> that's right, kayla. what's interesting this morning is the port authority of new york and new jersey came out with a statement saying they're expecting minimal activity at new york and new jersey airports. newark, jfk and laguardia. we haven't seen anything like that since we've been here this morning. we'll certainly keep you posted if any flights come in or out of here. flight aware says that between yesterday, today and what's projected to be canceled tomorrow we're nearing the 8,000 mark for cancellations due to winter storm juno and today's more than 4,000 cancellations according to flight aware is more than 50% of u.s. daily air travel. and traffic. so we did catch up with some travelers here who wound up getting stuck overnight despite all of the juno warnings. they did tell us laguardia is treating them pretty well. they have cotts, water and even got toothbrushes. >> going to stay here again. saves me money, although i booked a hotel but i couldn't get there last nigh

new york's airport was closed completely and that's where we find kate rogers. hi kate good morning. >> good morning to you, joe, that's right. pretty much closed down. we've only seen a few people here this morning. a few stranded passengers and a few loan workers here. flight aware.com is reporting that between yesterday, today, and tomorrow there's over 7,000 flights completely cancelled. wednesday's cancellations around 300 so far but that number likely to increase as the day goes on and the snow continues to fall. now la now it's a ghost town. no one here but a few stranded passengers. united has a few workers at their booth. they're saying they're here just in case. the kiosks here all say not in service this morning and there's a few dozen passengers stranded here overnight but being taken care of in a separate part of the airport. boston logan is still the only one to officially shutdown last night at 7:00 p.m.. last night continuing into today but major airline carriers saying no flights getting in or out of the newark new jersey or philadelphia areas. >

kate rogers with the latest on tesla. tesla has now in the after hours session taken on its december lows. so dan nathan, you're actually short? >> yeah. i have putt position in february. and really, one of the issues was that every time elon musk has opened his mouth since the september highs, the stock has gone down in some ways. he doesn't really care. he is one of the largest holders. he is managing the company as bezos does for the long-term here. i don't think 5% up or down in the stock changes a whole heck of a lot. china is going to be massive, massive market for them. one of the reasons i put this bearish trade, the first trade i did was momentum has been waning. and the technicals have been horrible. and it seems like every time the company tries to get good news out there, it's received with selling. >> so right now it's down about 15%, including this drop in the after hours section. do you cover that? >> my target is about 180. that was the may low about. and i think that's probably a level where shorts cover.