among them some of the busiest, including los angeles, long beach, portland and seattle. they account for 50% of the ports importing in the u.s. much cargo has been unshipped to shore. we have the latest plus what led to the resolution. >> the secretary was in town. they hammered out all sorts of issues. they couldn't agree on the system and the labor secretary spent the past few days working on it and negotiations with washington - something that no one wanted to deal with. the labor secretary didn't want to go back with nothing, and dragged two angry parties together. there was a lot of reason to move things forward. on the call that the labour secretary gave after the announcement, it emphasised what was happening. >> perishable fruits were rotting for days at the port. there are interruptions. >> something we are familiar with we smoke to small, medium business, all over the industry. citrus for example, californian citrus - this year they are exporting a lot to the asia pacific - south korea china, japan, and people were not receiving goods or getting delays. it was

and yet according to one shipping analyst, the los angeles long beach port complex is suffering the worst congestion in history. for months management and the union have each been blaming the other for intentionally slowing down work here at the docks adding to the congestion. the shipping companies have been saying the union is not offering up enough workers. the union says quite the opposite. the shippers are not asking for enough crews. we thought we might get the right answer to what was really going on inside the union hall. what have you seen change since november? >> i haven't really seen anything change. >> reporter: turns out a union member who works jointly with the shippers running the dispatch hall blames congestion instead on bigger ships and a lack of well maintained truck trailers. you're not seeing any intention intentiona slowdown on the operator side or longshoreman side? >> i'm not seeing a slowdown on anybody's part. >> reporter: we looked at this month compared to a year ago. he's right. the same jobs are called for and all are being filled. if there's no intentional

for "nightly business report," jane wells, outside the ports of los angeles and long beach. >>> and still ahead, does your broker have your best interest at heart when it comes to planning for your retirement? the labor department is honoring new regulations in the financial services industry doesn't like what it hears. >>> warren buffett's bircher hathway disclosed of stock filings at the end of december. increased the stake in ibm, the worst performing stock in the dow last year. he took a new position in deere, which began accumulating in the third quarter of 2015 and started buying 21st century fox. buffet dissolved stake in exxon mobile sold off a small position in conoco phillips and also cut his stake in national oil. dominic chu here with more on buffet's moves and what they might say about his view of the future. when buffet does something, everybody watches. let's talk about the companies that he's sold. exxon, a little bit of conoco national oil well varco. does this suggest i made my money and don't want more anytime soon? >> i don't think anybody knows what warren buffett is

this is los angeles, long beach port. they are hiring extra workers to get the backlog cargo unloaded as quickly as possible. moving down there. it's expected other take up to three months to get shipping flow back to normal. >>> there's concern tonight about the demolition of candlestick park. neighbors say the dust is endangering our health. cate cauguiran tells us those neighbors are giving the city an earful tonight. >> here at the shipyard, neighbors are already arriving to give the city as you said an earful and to voice their concerns about the demolition nearby. candlestick point neighborhood committee has bip on the city's case since a proposal to implode the former stadium was put on the table. now as developer lennar works to mechanically demolish the stadium, the concern is the dust from the construction affecting the air quality. neighbors want to know how the city is monitoring these particles in the air as well as where these so called monitor boxes are. >> just show us where they are and convince us that w

and shipped movement at some of the busiest ports on the west coast including oakland, los angeles and long beach. leaving proof sitting at the port but leaving packing house employees without work. >> the way it is going it might get worse and worse and they do not want to lose their jobs. >> reporter: with three kids martin gonzalez is worried about not being able to make ends meet. >> a lot less. hours are down. it is taking a lot of time because we are not running. >> reporter: the dozens of employees here transported to oakland to china but strikes at the ports, it was shipped from long beach just last week. >> even if it does get results soon you have the backlog in. that will have to be worked through. >> lawmakers have talked about using an ap p to get the port traffic moving again. that authorizes them to get in a strike that causes an emergency. but the problem is, the union is not officially on strike. >>> still to come, business owners from all over the world are in san francisco tonight looking for new ways to grow the marijuana industry. >> and 3.5 years after going belly why do we

in fact, los angeles, 85. long beach 88. what about locally today? it will be warm. a remarkable thing has happened. over a million californians have gotten something that's been out of reach for far too long. health insurance. how? they enrolled through covered california. it's the health insurance marketplace where you'll find a range of plans from leading health insurance companies that offer you the best combination of quality, rates and benefits. you can compare plans side by side choose the one that best fits your needs and enroll online. coveredca.com is also the place to find certified experts in your area who can answer your questions for free, and help you enroll. and, through covered california, you may get financial help to pay for coverage. it's based on income, and 4 out of 5 people who have enrolled qualified. if you don't have a health plan, or you do, but you want to make sure it's the best plan for you, now's the time to visit coveredca.com. but to get covered you've got to get going. open enrollment ends february 15th. visit coveredca.com today. >>

. >> the ports of los angeles and long beach, california are now open.rs returned to work after nine months of talks and a tentan

. >> back to full force, but not yet back to normal here at the ports of los angeles and long beach and all up and down the west coast. they started unloading ships at 8:00 a.m. local today. take a look at what it's like out on the water. you'll still see what's like an armada out off the shore. one person compared the view to "d" day. if you line up the ships, it would stretch 579 miles. stack them up and they would reach the international space station. but trucks were moving finally. employers say it could take six weeks to three months to unclog the ports, and it could take until april for all the union locals and employers to ratify the proposed five-year deal for a situation which the labor secretary said was causing too much collateral damage. >> it was being felt by farmers in the midwest, by small business owners large business owners retailers and others with whom i spoke, who were trying to do their jobs. and take advantage of this tailwind that is the u.s. economy. >> reporter: the gps map shows the work ahead. the green squares are container ships. this is what it looked li

it all centers around the arbitrator who handles disputes at the ports of los angeles and long beach. the union representative dock workers wants him removed immediately. the operator doesn't want the rules to change. workers are supposed to be back on the job tomorrow at the port of oakland. it is shut down today because they held a meeting. >>> well, it was nice while it lasted. but tonight, gasoline prices are going up. again. they have gone up more than ten cents in the past week. tonight, gasbuddy.com says the average price of a gallon of gas in san francisco is back up to 2.89. 2.82 in san jose. 2.81 in oakland. they could jump another ten cents in the next couple of weeks. tonight, we talked to people in the city. >> i'm still happy to pay this price. >> it is still low from what it has been. what are we going to do though? >> this is part of the reason the prices are going up. this exxon mobile refinery in torrance will be out of action at least six months because of yesterday's big explosion and fire. we are learning the unit that exploded was offline at the time for unplanne

faster service is desperately needed in the ports of los angeles and long beach california, tonight. a labor dispute was settled last week, but the hangover it caused is epic. omar villafranca is in vernon, california, tonight. omar? >> reporter: scrap metal at this recycle center usually ships out in three days. containers of aluminum like this have been here for a month, and up the coast, recycled paper is taking up prime real estate on the san francisco waterfront. 700 tons of trash a day is sorted at san francisco's recycling center. it keeps coming in but not going out. thousand-pound paper bales are piled sky high. spokesman robert reed says the mountain has moved into the parking lot. >> because we're having trouble shipping it, we're storing it. we're baling it and then we're stacking the bales five high until we're able to get them on them back on the ships and get that moving again. >> reporter: the bales are sent to asia and remade into everything from cereal boxes to stationery. recycling is a $20 billion a year business in the u.s., employing nearly 140,000 workers. but

fox news is learning that the ports of los angeles and long beach will be open this weekend. u.s.e divergent millions of pounds of pork and beans into cold storage over the last few weeks. does this hurt u.s. exports? >> absolutely. it already is. look at the price of the meat markets. look at the hog market. they have had a bigger drop in the oil market, if you can believe that. right now, if they start to work on the weekend, that is a big change. meat was backing up. we will get a cold storage today at 3:00 o'clock eastern time that will show that supplies in cold storage will be at the highest level as for this time of year than in the last three years. if you look at the u.s. exports of these, they have been signing. up until now different parts. even back during it out through canada and mexico. if this strike goes on, it will flow to u.s. exports. about 13% of our beef goes overseas. if this does not get solved soon, we will run out of places to store it right now. they cannot find places to put it. at some point, it will hurt the economy. tax prices are lower. melissa: two

>> pelley: eric fisher, wbz, cargo ships are steadily backing up at the ports of los angeles and long beach, california. 33 dropped anchor, unable to dock because of the ongoing labor dispute. talk between the management and dock workers union stalled. labor secretary tom perris is scheduled to meet with both sides tomorrow. today a russian security company reported that it discovered one of the biggest bank robberies ever. no guns involved. hackers did it, breaking into more than 100 banks in 30 countries and making off with a total of as much as $1 billion. here's anna werner. >> reporter: the authors of the report call it "the great bank robbery of the modern era." >> their ultimate goal was to steal as much money as possible, and they largely accomplished that. >> reporter: chris doggett is managing director for kaspersky lab, the computer security firm that uncovered the scheme. h >> your very basic hackers are about getting in and stealing whatever they can get their hands on. the way these guys are different is they were a combination of hackers, spies and thieves. >> reporter: the c

talking a lot when and at other ports on the west coast including huge like the port of los angeles and long beach are talking about and everything you can imagine from carport to electronics to food goods and a lot of the people who need those. >>jackie sissel: let's move fast this because we need our goods. >>mark: will about our valentine's day this? >>mark: we're watching the weather and the big story is the warmth of in the records are in the '70s. >>james: the record highs to be reset to say here's a quick list of partly are most likely candidates will have san rafael high of 69 is expected today the record of 71 we are close open with the astronauts will drew a bead the record of 70 is we hit a high of 73 like we anticipate today. livermore 3 degrees off montague just one real way and you were with and has six in a tired old record of 78 it is were to be awarded today and is not for life february. >>james: this looks like outside ride now we have most to clear skies with just a few high levels of clouds and that will be will we expect most of the afternoon not just today but the record pote

they repair -- it will take a few months for ports like los angeles, and long beach to clear the back log. >>> bay area see aglilt sun today. the dry weather is persist nl. brian is here for the forecast. are we ever going to see any rain? >> i think we will see some rain at some points in the future. it's just when will it. there is a weather system coming our way from idaho. it's not here yet. we will have plenty of sunshine today. this was the seen at ocean beach today before the clouds rolled in. we had lots of sunshine. later in the afternoon we did see the clouds. they were blasting flew the golden gate. you can see them here on our time lapse. they will move in to the bay north bay valleys as the idaho system is coming our way off shore winds are going to develop in to tomorrow morning. all the clouds are going to go right back out where they came from. here is live, san mateo bridge. we're mostly here now. you can see the clouds out on the coast. no clouds for tonight. eventually clearing out to tomorrow morning. we're starting out with mostly sunny skies. this is an interesti

decision to shut down the at 29 ports including los angeles, long beach, and seattle.hut down could cost the economy $2 billion a day. comes at the time when retailers aren't as dire of a need for america dice. union workers among those of the highest paid. averaging 147d,000. they made a five-year offer boosting wages. >> thank you very much for that. >>> and on to the grammys. it was a big night for sam smith at the grammys as a british singer took home three of the top four awards. he won best new artist and song and record. in a surprise beck won album of the year for release morning faith despite fewer copies of queen bee, and pharrell. >> the tv guys may be listening. the tv may be listening. \samsung's smart tv could be ease dropping on your private conversations. that's right. recording your living room chatter. >> this is crazy. it's absolutely crazy. enough! enough is enough. >> we've been asking people on twitter to depend. we've been getting some in. >> i know. are you worried about your privacy and whether or not it's being surprised? sitting in your own h

los angeles. >> this is the port of los angeles and long beach the busiest container port in the country.rom up here you have this incredible advantage point to see what the slowdown looks like. another way to tell there is a low john these cranes are up. normally when the port is running at full steam the arms would be down. now it's taking 10 to 12 days to move cargo instead of two to three. today there are approximately 24 containers docked and waiting to be off loaded normally when the throwing stones is not a slow down, the ships come in, they're docked and off loading begins immediately. you can see signs of the congestion. there are 19 container ships anchored waiting outside of the port meaning products vital to keeping the u.s. economy moving are stuck at sea. >>> the outbreak ever measles that started at disneyland in california in december has fueled a debate over vaccinations in america. ali velshi is looking at the subject on his program. >> for those of us who were immunized which don't know about the seriousness of measles which may be part of the problem. 120 case of measl

the west coast have an interest in having that cargo continue to come through oakland and los angeles and long beachnd tacoma. so they have an interest in showing these people that these ports are reliable and efficient. i think they're very aware of that situation. liz: be aware of the panama canal. we don't want them losing business there. mark is the author of the box. how the shipping container made the world smaller and the world economy bigger. our thanks to you. >> glad to be with you. liz: any time. twenty-eight minutes before the closing bell rings. forty-eight minutes. the color of money could be fuchsia. t-mobile beating on earnings. is it uncarrier strategy and fuchsia strategy finally paying dividends. ceo john ledger not afraid to speak his mind. what stands between his company being number one or at least the runner-up. he's now number you four and he's fighting for number one. the runner for the second largest alcohol -- lukewarm vodka sales. but the ceo has big plans. it has everything to do not with the color fuchsia, but the color brown. ♪ liz: how would you like to gain 2 million

washington and california as well as mayors of seattle, tacoma, san francisco, oakland, los angeles and long beach. >> if he can help he's more than welcome. because he has to basically find an end to it. >> reporter: late today the union said that they were rescheduling a meeting for 8:00 a.m. on thursday. essentially shutting down the port. the labor secretary is planning to meet with both sides tomorrow. >> so many people being affected. let's hope they can find a solution soon. jana katsuyama, at the port of oakland tonight. jana, thank you. >>> attorneys for former state senator leland yee are asking for more time to prepare before his case goes to trial in june. the san francisco democrat is facing federal corruption and racketeering charges. yee was forced to withdraw his bid for secretary of state after his arrest last year. he's accused of accepting bribes in exchange for political favors. attorney james lacer filed papers asking that the trial be pushed back to mid-august. >>> san jose international airport is looking at several options to improve security following a number of security

no podemos hacer nada" ciertamente, decenas de embarcaciones continuan varadas en los puertos de long beach y los angelesaciones estancadas sin que se avisore una pronta solucion al conflicto.y mientras tanto cientos de agricultores empacadores y jornaleros y las familias que de ellos dependen .permanecen atrapados en la angusta por el incierto futuro que enfrentan sot omar solis trabajador agrícola (21:34:24) "si afectaría mucho eso porque a nosotros a mi y mis compañeros pues nos quedaríamos sin trabajo y pues asi de esa manera si nos afectaría" como esta son cientos de companias agricolas en el centro y sur de california que estan siendo afectadas por el paro de los puertos, y que emplean a miles de jornaleros en su su mayoria inmigrantes latinos, que por ahora mantienen su trabajo, pero que ante la dificil situacion han comenzado a pensar en otras opciones sot carlos guzman trabajador agrícola (21:39:38) "perdemos el trabajo también si la fruta se echa perder perdemos el trabajo también"(21:40:06) tendría que moverme a otro lugar a buscar otro trabajo" bridge gabriel huerta (21:41:46) "estas cajas de

temperatures near 90 degrees in los angeles area, long beach today at 87 degrees. we'll see the mid to upper 70s coming your way. 49 degrees in san jose. that's very close to a record just about everywhere for today. your lunchtime temperatures are going to be nice and mild. we'll round out the day in the mid 70s. maybe you want to get away this weekend. lake tahoe looking good because of the snow pack we accumulated last week. 50s there. russian river valerie, mid to upper 70s all weekend long. central coast, we're talking about the 80s. and we like to tell you what's free across the bay area. on valentine's day in nevada, free horse drawn carriage rides. pickup location, 2 end and grant, her man an grant. you can save the money, maybe a night on the town, maybe some dinner. what are your plans, mike? >> you know what? we have a third grade basketball game. that's romance. all right. let's go out to the bay bridge toll plaza. we find our times. we're looking at the bay bridge where we're getting a little better time on the left approach. look at that, not so bad t

be talking about another big impact on the west coast, that is the port situation here, los angeles and in long beach, cargo ships, city in the bay not being unloaded a labor strike that is brought the secretary of labor tom perez out here on the president's order to try to get some things moving. >> the businesses are feeling the pain. >> and he wants california's top political seat announcing he's going to be running for governor. >> no shocker there. we're already talking about them we'll talk about why he announced so early, why that's important. >> we'll hear it from him himself. >> let's take a quick check on your weather forecast today, live look at the golden gate bridge, blue skies. it is gorgeous outside if you liked yesterday, going to be pretty similar today. temperatures on the cool side another warm afternoon, even along the coast, the little bit of cooling ahead, we'll take a look at your 7-day forecast coming up in a few minutes. >> and today is the final day you can enroll for health insurance undercoverred california. covered see a.com list events and store locations by zip code for

no podemos hacer nada" ciertamente decenas de embarcaciones continuan varadas en los puertos de long beach y los angeles estancadas sin que se avisore una pronta solucion al conflicto.y mientras tanto cientos de agricultores empacadores y jornaleros y las familias que de ellos dependen .permanecen atrapados en la angusta por el incierto futuro que enfrentan sot omar solis trabajador agrícola (21:34:24) "si afectaría mucho eso porque a nosotros a mi y mis compañeros pues nos quedaríamos sin trabajo y pues asi de esa manera si nos afectaría" como esta son cientos de companias agricolas en el centro y sur de california que estan siendo afectadas por el paro de los puertos, y que emplean a miles de jornaleros en su su mayoria inmigrantes latinos que por ahora mantienen su trabajo pero que ante la dificil situacion han comenzado a pensar en otras opciones sot carlos guzman trabajador agrícola (21:39:38) "perdemos el trabajo también si la fruta se echa perder perdemos el trabajo también"(21:40:06) tendría que moverme a otro lugar a buscar otro trabajo" bridge gabriel huerta (21:41:46) "estas cajas de mandarin

the san pedro bay complex compromised of los angeles and long beach is the busiest container port in the western hemisphere hemisphere. bnsf transports more than half the international shipments and 75% of these units are loaded on dock. the remaining are handled off dock at the hobart yard in east los angeles. the facility is 24 miles by highway from the ports. bnsf has been working for well over a decade to build a near dock facility only four miles from the ports. our efforts to build this facility has been challenged for years and permit is currently tied up in the courts. we think this project will create operational efficiencies for the ports. west coast ports are facing challenges due to congestion. growing freight volumes are not the story for west ports. there are several factors that are kribtscontributing to growing congestion. limited infrastructure adjacent to the ports. by far and away the most disruptive aspect has been the reduction in port productivity as a result of the ongoing negotiations between the pma and the ilwu. carry a minimum of 250 container that are not

in bound ships continue to stack up offshore waiting for a birth at the ports of los angeles and long beachmonday. honda will idle three north american plants for a week. toyota is reducing overtime. >> the leaders of germany and ukraine have spoken with russian president vladimir putin about influencing rebels to comply with the truce agreed to on sunday. separatists said they cannot morally stop fighting. the u.s. says it's, quote, grave ri ly concerned by the break in the ceasefire. we did have the report out of germany on the german economic sentiment about 10 or 15 minutes ago. interestingly, they did say that the ukraine crisis and greece are both dampening expectations of optimism in germany. specifically they said ukraine prices and collision course of greece is dampening expectations expectations. >> amazon is still committed to using drones to deliver products despite new u.s. rules that could shoot that down. we take a look at the stumbling blocks, later. >>> welcome back. a major kud oil train crash in west virginia was the second such instance of its kind in the last few days a

it's just about 16 17 miles south of downtown los angeles, about ten miles north of the long beach port where work stoppage is currently happening. you can see here these are shots taken by knbc's helicopter over the refinery. you can see structural damage to parts of this refinery, smoke coming out. there are hoses being deployed underneath. a number of damaged vehicles as well on the property and what looked like an extra large burnoff from one of the pipes coming out of this particular refinery. what we do know is this refinery accounts for about 10% of all gasoline production in california for a specialty grade, a blend of gasoline specific to the california market. that's why the gas price increases may be localized. this refinery refines about 156,000 barrels of crude oil per day and produced about $1.8 billion worth of gasoline last year just to give you an idea of the overall capacity. now, what we do know the latest development here is four people have been taken to long beach medical to treat minor injuries and for observation. that's what we know right now. still trying to as

. >> thousands of containers stranded off the coach of long beach and los angeles port. importers, exporters, and the u.s. economy are starting to suffer. >> hundreds of millions of dollars of goods have been left languishing on shore. >> they are not going to be on the shelves as this progresses. you are going to find the retailers are going to charge more because they have incurred higher transportation in getting the goods to market. >> with nowhere to go, president obama has sent his labor secretary to join in the negotiations as businesses on both sides are waiting for a swift resolution. bbc news los angeles. >> a damaging dispute. thanks to social media, the photographer's work is reaching a whole new audience. his children found a collection of his personal photos from the 1960's and 70's. they digitized them and started an instagram account, which has thousands of followers. it reflected on their usual upbringing and their father psychedelic lifestyle. the bbc caught up with them in california. >> would you like to see the library? >> i was an irish kid who was

it could take months to clear cargo stacked up at los angeles and long beach.he two busiest shipping hubs. morgan stanley said the congestion has negatively impacted volumes of rail operations and trucking companies. you can take a look at the names in the space. all trading higher in friday's trade. >>> hollywood got a chance to honor their own on sunday night with the 87th academy awards. eddy redmayne won best actor. julian moore was named best actress for "still alice." and it was a big night for "birdman." it took home awards for best picture, director original screen play, and sincinemaing to if i. >>> and another big day for the banking sector and apology from hsbc as earnings miss the mark. we're going to discuss more on the company and the outlook for the bank after this short break. >>> welcome back. let's give you headlines. u.s. futures point lower after another record-breaking week on wall street. they await greece's report. a big deal is struck valiant snaps up salix for over $10 million. and hsbc shares slide from 17%. >>> as he was saying hsbc s

now, offshore now at the ports of los angeles and long beach are something like 15 of these huge container go north oakland california tacoma washington at least another 11 of those ships stuck out there. and there is no resolution in sight right now, gregg. both sides seem stuck on their position and in the meantime as i say, the economy -- according to people like representative schrader -- is really on the brink of suffering very, very badly, indeed. gregg? gregg: all right. jonathan hunt in los angeles thanks. heather: well, what kind of picture would have people saying things like in this? >> wow. >> what are they holding anyway? >> it looks like -- >> a bot of -- bottle of booze? [laughter] >> that's terrible. heather: this selfie. it's a school bus driver, and he's in a whole lot of trouble. gregg: police releasing the video of a suspect in the american sniper murder trial trying to escape police just hours after chris kyle and a friend were murdered. will the comments he made help or hurt the defense in this case? it's an insanity case, remember. our legal panel is here. know that

los angeles county where eight miles south of los angeles, east miles east of l.a.x. the international airport, we're also located directly north of the ports of los angeles and long beache have four freeways that surround us light rail heavy rail so compton is in the center of where trade and logistics has really been quietly a big central focus for the entire region. what we're doing now is capitalizing on that location advantage and attracting new companies to invest and also bringing a large number of jobs to the compton community. >> i've tried to spend a lot of time trying to get young people in my classes, especially young women. i think about running for office. what made you decide to jump into a race to be mayor? there was already an incumbent in the position, right? >> absolutely. i was discontent with the leadership in my community and i was raised by a single mother that never complained about anything. her biggest message to me was if you don't like something, you can change it. so i decided to step into the mayoral race and i really came with something very simple and basic, which is a plan for growth and a plan for recovery. i met people where they were

more than 30 ships anchored off los angeles and long beach, california ports not going anywhere.l meet with the employer group and union workers to try to strike a labor deal that could impact 20,000 workers at 29 west coast ports. >>> in haiti, a carnival celebration turned deadly thousands line the streets of port-au-prince for the parade. at least 20 were killed dozens injured tuesday. a man on a float was electrocuted, sending people scrambling. several people were then electrocuted by the wire dozens trampled in the chaos. >>> and a mexican actress and singer lorena rojas died monday after battling cancer. she was first diagnosed with breast cancer in 2008 last year was told it spread to her liver. starred in more than a dozen things. she's survived by her daughter who she adopted in 2013. rojas turned 44 last week just days before her death. d rich creamy cheese before my sister's wedding well it's only 100 calories, so you'll be ready for that dress uh-huh... you don't love the dress? i love my sister... 40 flavors. 100 calories or less. how much money do you have in your

los angeles with the very latest. hey there, jane. >> hashgs mandy. they started unloading ships at 8:00 a.m. local here in los angeles. over on the long beach side as well. i have to say since we've been on the water since 6:00 a.m. we have yet to see a new ship come in or leave, and if are you flying into los angeles, well roll the video. you'll see something very similar to this. it looks still like an armada out there. in the morning midwest it looks reminiscent somewhat of d-day. if you lined up all the ships waiting off shore, it would stretch 579 miles. at least the trucks are moving again. it could take until april until all the union locals vote on this tentative deal. also, all the employer members of the pacific maritime association have to approve it. it's a deal which replace the lone arbitrator with an arbitration panel. it raises wages, which the pma say now average $50 an hour. plus it raises the pension and it continues to provide health care completely free to dockworkers. >> i have all the confidence in the world that when the rank-and-file take a look at this, they will see that this is a good package for them and that th

the san pedro bay port complex comprised of the ports of los angeles and long beach is the busiest container port complex in the western hemisphere and a top gateway for u.s. trade with asia. the bnsf transports half the international shipments that go out of these ports and 75 prsz of these units carried by us are loaded on dock. the remaining are handled off dock at bnsf's hobart yard in east los angeles. the facility is 24 miles by highway from the ports. bnsf has been, woulding for well over a decade to build a near dock facility only four miles from the ports called the southern california international gateway or scig which would be the greenest intermodal railway fra silt every constructed and eliminate millions of truck miles on free freeways between the ports and downtown los angeles. our abilities to build these facilities have been challenged and permanently tied up in the courts. we think this project creates operational efficiencies for the ports. west coast ports face challenges due to congestion. growing freight volumes are not the whole story since overall freight levels sinc

clutter that exists at all the ports that we do business with and that's primarily oakland, los angeles, and long beach. by the time they clear out the clutter, we'll be out of the -- through with the season, and as a result, we're going to lose a tremendous amount of revenue. that affects the revenue on each grower. that affects employment. that affects the opportunity for the consumers to have a quality crop on an annual basis. >> okay. joel, thank you so much for your time. have a great weekend. joel nelson there of the california citrus mutual group. >> fascinating conversation. it really shows you how that port strike is hitting home in a very real way. all right. let's stay out west and talk a little football shall we? san diego chargers and the oakland raiders may set aside their intradivisional rivalry as they announce they will now pursue a joint shared stadium just outside of l.a. erin is a sports reporter with forbes. darren welcome. good to have you with us. what's going on here? two teams, not l.a.-based in any way, though both have played there before sharing a stadium in the same divisio

long beach yesterday was 87. s that a record high, camarillo 83. long beach will be 90 degrees. los angeles will be 87. what about locally. san rafael will be close. these are the highs, 71. oakland 70. i went 70. livermore, i went 70s. if everything came together, they could maybe tie that. mountainview will be close, san jose will be not. suffice to say, we're flirting, flirting with those record highs. 52 starting downtown oakland, 64 noon, and 70, 70 beautiful degrees. plenty going on if you're out here in the pacific if you're over us and nothing is going on. up toward portland and seattle, it goes. very cold air moving into the northern plains. higher clouds won out. they're thinning out as high pressure builds in. higher elevations are warming up. lower elevations cold for some. santa row is a 41. 51sfo. yesterday we had a few 30s. today it's mid-40s. woodside, menlo park. bookends on 52. foster city at 47 degrees. statewide. 20s in the mountains. they rebound fast. really warm in northern california. almost 60 in l.a.. looking for a high of 87 degrees. if it's warm here, where is that cool air?

between los angeles and long beach ports in california.s of all ocean cargo is handled there. john sunrap is the port of long beach he joins us now from the east coast with more how it's impacting operations there. and really how it's impacting the whole country. and what you think -- i've heard you say a trillion dollars. >> i've heard from a trillion to $7 trillion. >> $7 trillion. >> actually the impact to the retail sector has been very very severe. >> how quickly is this whole thing done number truth? >> well right now, we're waiting for the labor contract to allow us to dig out of epic levels. congestion. >> when you say epic levels of congestion what does that look like for a viewer who doesn't live in the port world? >> in the port world, we have real estate moves there through the world. we are at 95% capacity. we have almost no room to physically move any more containers. >> on shore, et cetera? >> that's right. >> you are in danger of losing business to ports like the one that's not that far from the one where we're sitting? >>

the ports of los angeles and long beach will partially shutdown for four days as the on going labor dispute intensifies. shipping companies are going to slash dock work so it will cease thursday through monday. cisco ceo speaking to jim cramer on mad money last night. listen to his take on the environment in europe. >> you will see countries in europe move faster than the u. s. in terms of digitizing their whole economy. digitizing their business. changing their gdp growth job creation, health care and education. we're right in the sweet spot of all of those. >> here to break down the results is stewart jeffrey. stewart, welcome. what's your read on the quarter? chambers is always optimistic. so let's get your view. >> the quarter was a little bit better than expectations but they're always good at managing expectations so we don't get too far ahead of ourselves. for the next quarter estimates aren't going up very much but we had a bad last year. they're back into growth territory. margins are doing well. earnings growth is coming through and he's trying to change the conversation toward th

. >> as of friday morning, more than two dozen ships were awaiting outside the port of los angeles and long beache retailers that have publicly spoken out include ann taylor, tyson foods, lululemon, and michael cors. they are working right now to find temporary solutions, including air freight. a mediator has been working with both sides. so far president obama has not said what way do if the port shut down for an extended period of time. a statement from the white house said the situation is being closely monitored and both sides are urged to resolve the situation as quickly as possible. >> let's talk about the refinery because there is a string martinez with the steel workers remaining on that picket line. refinery trucks have to cross through that line to get into the plant. police were called but no arrests were reported. the units may stay idle a bit longer now that -- now that tesoro is part of the strike. >> prices are up 17 cents, but the strike is not the major reason for the price increase. california refineries are beginning the conversion to the more expensive summer blend gas and cru

on any given day, to long beach to los angeles, ports handle up to a billion dollars a day in goods,hey handle the container cargos each year. the rise of the global initiative makes the ports incredibly important, they are now the points in trade. which makes the union one of the last great bastions of organized power. even though the union is relatively small, it wielded power, power it used to create better benefits awend safety conditions, it is enough power to bring the secretary of labor to california this week on behalf of the president to meet with the union and discuss that it is imperative to see that all parties come to an agreement. because you see all the local power comes from the laborer's ability to strike to bring the production to a halt. and the dock workers in l.a. are a stark reminder of what that looks like and in an america where the powerful unions are indeed an endangered species, what we've lost. they'll help with the hassle by guiding you through the whole process step by step. and they'll even call your old provider. it's easy. even she could do it. whatev

one of his trips was to the port first of los angeles which with the port of long beach is the nation's largest container port. surely the challenges there are huge. i joined him on that visit and we did a helicopter flyover. then the marine layer role then -- in and we were unable to land. what a metaphor. navigating through the fog. of course we persevered, and so has dhs, ably led by jeh johnson. it is our honor to have them at the wilson center for the 2nd -- the second time to address the state of homeland security. please join me in welcoming the secretary of homeland security. jeh johnson. [applause] >> thank you very much. good morning, everybody. let's try to get employees -- let's try again, police. good morning, everybody. i want to start with a family photograph. you won't believe this. this is me and my kid sister in 1966. i was at years old standing next to my dad. the most striking thing about the photograph is that as recently as 1966, a private everyday family of tourists like ours could drive our car onto the grounds of the u.s. capitol and parking with no restriction

in southern california container ships queued up outside the ports of long beach and los angeles todaysaid they locked out dockworkers in answer to a union slowdown. the lockout runs through monday. >> ifill: next year's democratic national convention will be held in philadelphia. the party announced the choice today after also considering new york and columbus, ohio. the convention will be held the week of july 25, 2016, right after republicans hold their convention in cleveland. >> woodruff: on wall street, the cease-fire in ukraine, compromise on greece and higher oil prices all helped stocks. the dow jones industrial average gained 110 points to close near 18,000. the nasdaq rose 56 points on the day, and the s&p 500 added nearly 20 points. >> ifill: and praise poured in today for veteran cbs news and "60 minutes" correspondent bob simon, who died last night in a car crash in new york. he'd covered nearly every major foreign conflict since vietnam and was based in the middle east for years. along the way, he earned 27 emmys. in 1991, simon and his crew were captured by iraqi forces

port of long beach said volumes off 24%. the port of los angeles will release its numbers next week and it said it expects the report to show steep drops. the decline is being contributed to that ongoing labor dispute and slowdown. >>> uber the ride-hailing app that's changing the taxi industry is expanding the amount of capital it expects to raise by a billion dollars and that brings the total current round of funding to just under $3 billion. the start-up decided to increase the round because of high demand for its shares. the company is also seen its revenue growth accelerate in recent months. >>> well as uber grows, so do its challenges and some of those challenges could end up bringing legal challenges. uber and lift facing lawsuits brought by drivers in cities that could dramatically increase the cost of doing business and potentially change their business models. kate rogers reports. >> reporter: the model that has allowed the sharing economy to flourish could change dramatically as decisions are awaited in two law suits with uber and lift i