at 15th and walnut. >> reporter: jim the owner of this build that partially collapsed on to the lululemon store assures us that the building is safe but lni cited three violations. >> it was a week ago today that three tons of bricks fell off the building and crashed through the roof of the lululemon store three people were hit and one of them trapped under it. they were all treated for minor injuries. lni has since cited them for three violations, the south wall and the north wall and the entire facade of the building. lni says they are categorized as unsafe until they get the final report. crews were working today to secure the walls and installed metal girders along the wall and the wall that collapsed. and covered a section of the alleyway behind the building to protect pedestrians of falling debris. there is no evidence of pedestrians on walnut and 15th street. they are concerned about a crack in the northwest building. pearl properties that owns the building says they are doing everything they can to secure it and are confident it's now safe. lni is waiting for a report this week be

because of parts shoressages -- shortages and some retailers like you will lululemon have clothing stuck in ports. a statement by the u.s. labor officials say, secretary perez made clear that the dispute has led to a negative impact on the u.s. economy and further delay will cost tens of thousands of jobs. and will cost businesses hundreds of millions of dollars. experts estimate that a full shutdown of west coast ports could cost u.s. economy $2 billion. tom vacar will have an update on the meetings tonight at 5:00. back to you. >> thank you, brian. >>> four people are behind bars this afternoon in connection with the stabbing inside a walgreens store near san francisco's union square. the attack happened just after 2:00 this morning at the store on powell street between ellis and o'farrell. police say it began with an argument between two groups and someone pulled a knife. one person was stabbed in the do back during the fight and they were taken to the hospital in stable condition. a second person was punched in the face. the attackers ran from the store and a large number of officers

. >>> the founder of lululemon is stepping down from the company's board. chip wilson enraged many women in 2013 when faces with a massive recall of women's yoga parents after saying the fabric wasn't holding up and saying quote, some women's bodies don't work for their parents. he later stepped down as chairman but we mind on the board. monday he said i believe now is the right time to step away. >>> cuba has published the first photos of fidel kas castro in months. there's rumors that he may be dead. the images of castro are of him seated and said to be discussing current events with the head of the university of havanna's student union. the reports say the mouth took place on january 23rd at the former leader's home. these are the first new photos of castro seen since august. >>> and a story that just keeps getting sadder the daughter of whitney houston and bobby brown is, quote, fighting for her life after being found face down in a bathtub this weekend. a cousin tells nbc news she is on a ventilator. a spokesman says there was no drugs found in the ini

should be more insulated in the short-term while lululemon and deckers okay because of west coast distribution. while contingencies are working to avoid a material impact on business if an extended shut shutdown or strike occurs industrywide consensus, no retailer goes unaffected. for "nightly business report," i'm courtney reagan. >>> still ahead, how the steep drop in crude prices has one city on edge. whether the housing rebound could fall apa. >>> the number of u.s. oil rigs continues to fall according to baker hughes. drillers idled 98 rigs this week bringing the rig count down 30% since october, a very steep fall there. some look to rig counts as a leading indicator of production since they are used to drill new wells but u.s. oil production overall remains at multidecade highs. >>> now to texas, the state driven by a strong energy focused economy. it is suddenly now feeling the impact of oil prices now about half their year-ago levels though up from their lows. layoffs announced at big energy firms and if the unemployment rate rises, the houston housing market could eventually feel a bi

so we had 52 week highs like lululemon across-the-board. israel also saw technology and insurance companies provide like the strength of the consumer. charles: some people think they are carrying too much of the economy at this point and it is not sustainable. >> i think consumer spending will continue to go up. we're at a perfect situation for go it is beyond oil savings that is hidden but we have mediocre growth with every element of the economy plus we're importing deflation and deflation is not bad. [laughter] charles: we are america. we are mediocre. [laughter] that should be the tagline. >> with the right kind of deflationary is good you don't want to see asset prices but energy prices or commodities coming down. charles: though wages are not inflating so that is why the whole notion of the consumer during heavy lifting is problematic because companies are buying back stock the government doesn't have money there is a lot of debt. so is this a stable? >> i think so. you have central banks around the globe to make sure there is o% inte

. >> the ceo of lululemon is stepping down?her on the fabric and the fabric -- >> tell me what did he say? >> his customers' thighs were rubbing together on the fabric. and he said that these pants aren't meant for some women's body types and that was the end. >> so this is pure and simple thighism. >> it's thighism. that's what this is. >> i personally object. >> what are you supposed to do with yoga pants? you're supposed to move around in them. >> your thighs are supposed to rub together. >> that means you're okay in the pants. >> thighs don't rub together. >> theirs don't. >> yes, they rub together. >> do yours? >> absolutely. >> men. >> i like the products. a little expensive, it's a good product, but this is obviously -- >> do you agree you go to the gym? >> the pants should hold up. >> the material is what the problem is. >> not the people, the material. >> i was doing this event in washington and all these people doing yoga on the mall. they were all wearing lu lu lemon pants and it was -- they need to change the pants

you are watching lululemon after chip wilson announced is he stepping down from the board.says he believes the company is "back on track." let's cap things off with land's end. it's getting a new ceo. frederico marcione. she was formerly the president of dulce and gabbanna. >> thanks so much. >> coming up, we had marshawn lynch ready and willing, but was that the worst call you have ever seen? we're going to get some of your answers and final trades coming up next. yoyour 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 the right people on-hand to answer your questions, backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here. do you have something for pain? i have bayer aspirin. i'm not having a heart attack, it's my back. i mean bayer back & body. it works great for pain. bayer back & body provides effective

melissa: the muses of lululemon, chip wilson stepping down from the board but not before shedding some says the brand's ideal customer is quote, 32 years old. she's a professional, single woman named ocean who makes $100,000 a year. additionally she is, quote, engaged. she has her own condo loves to travel, she's fashionable, she has an hour to workout per day. rich and jack are back. i mean wow, they leave out that she also has rich parents or a loaded married boyfriend because i don't know how she's working out for an hour and a half do you love it? >> we love ocean and the guy who's duped. if your working out for an hour and a half every day, you have too much time on your -- >> i actually saw ocean at a shock shack in long island. [laughter] she's kind of let herself go. melissa: she doesn't need to get shake shack and fitting into those tights that's for sure. gentlemen, thank you so much. that's all we have for you now. here's liz claman. liz: okay melissa, thank you. markets speeding higher in this final hour led in part by auto stocks which are surging after u.s. auto sales enj

. >>> lululemon falling on news that its founder chip wilson is leaving the company as board. he announceed in a statement in a he plans to focus on a new clothing company started by his wife and his son. in 2014 he stepped down as chairman but he had remained a board member. ty, back to you. >> all right, sue. it's been a volatile time for u.s. investors for this year so far. the s&p 500 down about 3% in 2015, but europe going gang busters. the german dax up about 10%. so is europe the place to be right now? we'll tell you which ptf's to watch. plus, the hunt for yield. a half a trillion dollar worth of advice from one of the top performing bond fund managers in the country. all that and more when we return. more power lunch after this. financial noise financial noise financial noise financial noise >> welcome back to power lunch. check out shares of lear corporation after better than expected profits back on friday. today buckingham research analysts think the auto partsmaker stocks could hit $120 in the next year. it also believes it will boost its share buyback program by

he would have no problem with the woman being arrested for wearing a pair of lululemon capri pants, ifltrow sauntered into missoula wearing this, she would be subject to a firing squad. that was a bad choice, gwyneth. i like your style sometimes. >>> topic number three, we hear so much about campus sexual assault, it's obvious, college students are out-of-control horn dogs and can barely contain desires long enough to sit through a chemistry class, except for the part wheres do i'll nerds, fortune magazine is reporting 1200 college students who don't prefer making body congress with fellow co-eds. of all the activities they prefer noodling around with their iphones over anything and everything else. yeah. drinking coffee, that's a close second. woo! because you tend to lose a lot of sleep staring at your phone for hours on end. they also like texting and facebook and ipads and instagram. so if you or someone you know is in college, they're not having any fun. drinking barely made the top ten. hooking up? that's all the way down at number 12 for college students. >> fat, drunk and stupi

happened weeks after, and just around the confrere where falling bricks, crashed through the roof of lululemon walnut st. bricks came loose from an adjoining building cautioned the roof to cave in and sent three women to the hospital. the building next-door was later secured with temporary steel bracing. >> happy valentine ace day to you, february 14th this year the lovers holiday falls on a saturday which should make for good restaurant business. but, before you go to dinner, don't forget the flowers. that's where "eyewitness news" reporter steve patterson comes in live inside flower and company in rittenhouse square where they are busy getting ready f you're smart man steve, you'll also be getting in line. good morning. >> if you are a smart man time for walking, big business for everybody. >> they say men spend about $190 on valentine day adult ages 25 to 34, out spending most other groups with 213 dollars, my girlfriend is asleep, so i can tell you i won't spends that much this year. here with leanna. i want to talk options about some pre made stuff that guys or girls can come in and take

lululemon down by 1%. then there's exxonmobil gaining ground despite reporting a 21% drop in quarterly profiting on plum netting oil prices. it managed to beat wall street forecasts but said it's going to trim back its buyback program to $1 billion. kelly, bill they had spent $3 billion in the fourth quarter on those buybacks. so a fairly significant reduction, guys. back over to you. >> and exactly what we were waiting on. we'll talk to chevron next hour. meanwhile, twitter stock has taken a hit in the last six months. down over 15% and there are concerns about user growth lack of product innovation among the issues putting pressure on the company. now, the ceo, dick costolo could begin to feel more heat. >> kara swisher was out with a piece on that topic that's getting a lot of buzz though she does note that twitter's co-founder continues to support dick costolo. they reiterated publicly their support for mr. costolo. but does dick costolo start to feel the heat? dennis berman from "the wall street journ

. >> drop for lululemon. >> the founder resigned from the board today. this stock has had a huge rally. i think people are looking for a reason to sell it. jp morgan has a $75 price target. i think it might actually get there. those are the highest we saw a couple years ago. >> drop for shake shack down 4%. >> steve wolf down about 40 burgers. so you get to a place where you have a relief selloff. it's not surprising to me that there's better value in the fast-food space. >> and a drop for miss congeniality. on friday, beauty pageant in brazil turned into tiara flying cat fight. the winner of the beauty contest was basking in her victory when an angry runner-up grabbed her crown and threw it to the ground. the runner-up, a model and biology student claimed that money talks and the winner had bought her title. >> nice shot there. >> like, i got it. >> obama helping pump up solars with the details of his new budget. should you get onboard? that's next. >>> plus, a media name that saw nearly two times the average volumes on this trade. find out what that is

what brands are on the upswing in lululemon, limited continues to keep gaining momentum like you mentioned and certainly what macy's announced is interesting. what ralph is doing, a time of change there with its on-line, the new polo concept, and i think that the fx hit is something that's still being understood. >> let's be frank, the buy rating on kors, is it wrong? is it off base? do you reconsider that today? >> nope. i am comfortable with my buy rating on kors. i'm defending it. with the valuation where it is now, i don't get many companies who have the growth rate that they do at that valuation. so i think there's still opportunity. it's for a different investor today, though, than it was a year ago. >> interesting. >> i agree with you, and, in fact, kors broke down basically to new lows today or at least within just a red one of new lows. as it moved down it becomes more attractive to me as a buy. last time it broke 70 i bought it made a nice pop. i notice you have goldman cutting, deutsch bank cutting, citi that's probably a lot of what's weighing on it as well, the herd mentality

happened weeks after and just around the corner from where falling bricks crashed through the roof of lululemon on walnut st. bricks came loose from adjoining building, caused the too far cave in sent three women to the hospital. the building next-door was later secured with temporary steel bracing. >>> it is 5:06 right now. happy valentine day to you. you know there is year the lovers holiday falls on a saturday, which should make for some good restaurant business. but, before go to dinner, don't forget the flowers. that's where "eyewitness news" reporter steve patterson comes in live inside flowers and company, in rittenhouse square, where they are getting busy today. and looking like a rose, steve, good morning. >> nicole, the most beautiful day of the year, isn't it? a day where we get to celebrate love. here in a flower shop, flowers and company, rittenhouse square, as you mention preparation here has been going around the clock. joining me, christy been here just first thing i want to talk about was we saw you pull up in the cab. and the cab driver, i think is symptomatic of what most guy

that goes to the nike, under armours, look at the lululemons, the athletic apparel is in. that will fade and be the next. but it's about fashion. >> you have valuation issues to deal with when you talk about under armor, things like that, keeping that story from getting even better? it's simple valuation on the stock. >> valuation. but they have growth. when you look at what steph curry was able to do and all of a sudden under armour gets in front of everybody in the nba that's going to be huge for their shoe business which is a growing area for kevin. >> let me give you one thought. broaden it to consumers overall. if you take a look maybe consumers taking less money and putting it -- to put it in in the closet and spending on travel. marriott with a good number, the airlines with great revenues. we've got expedia. we have priceline. so i think there's more going there. particularly with the dollar so strong in overseas travel. >> coming up he's back. jon najarian doing a dance over his trade in bsx. find out if he's sticking with it. plus, pete seeing some unusual activi

the department of licenses and inspections issued three citations in the wake of the accident at lululemonere three women were hurt and taken to a hospital after 2 tons of bricks that fell from the building next door crashed through the roof of the athletic store. after repairs the owner of the building say they are confident it is now safe. >>> one case of measles has been confirmed in the district of columbia according to d.c. health department officials. the individual was diagnosed in january and the case is related to international travel. officials say this case is not related to those in california. >>> the atlantic city boat show opens to the public today. the event features hundreds of new boats as well as the all new progressive insurance boat school. the show is docked at the atlantic city convention center through sunday. >>> and boston is getting ready to get its party on and celebrate new england's super bowl win. the championship parade is today and quarterback tom brady is making sure everyone knows it truly was a team effort. his m.v.p. title earned him a brand new 2015 ch

we've heard from gap, ann taylor, lululemon, and everyone's supply chain has been messed up by the portwe do think there's urgency to get the boxes out of the the west coast, and we do think it's favorable for the asset owners that can move capacity. it would be with union pacific and even night truck, which is a small cap trucking stock out of phoenix. ? on union pacific, is the bigger driver here going to be the depressed energy prices and depressed activity in the shale region, or is a bigger driver going to be the need to transport these goods away from the ports and into where they need to be? >> you know we just had union pacific cfo, rob knight at our conference in miami last week. obviously there's a lot of challenges with energy. they've actually been facing crude oil going down for about the past four quarters in their business. >> they believe a lot of volume is going to move as we get the port decongesteded. >> >>. >> it will act solely in the best interest of the client just like certified financial planners. brokers say this will force some independent advisors our the ret

regions that analysts are watching because 21% of lululemon stores are located in canadian oil reliantmies followed by carter's tjx again, l brands american eagle, and kors. >> joining me with his take is joe feldman. great to have you with us. and so what do you short these names in the oil affected regions? >> no i don't think so. i think, you know, yes, there's exposure in some of the regions to all those stores but it doesn't mean that sales are going to just fall off a cliff as a result of this. and the lower gas prices actually can help the consumer and coincidentally most of those states are the most populous states the country. there's a reason for that. i think we shouldn't overdo it either way. it's not a big boom or a big bust. >> joe isn't the real issue -- this is sharon epperson -- wages and wage growth and regardless of whether oil prices and gas prices continue to decline, if wages do not increase consumers will not have the discretionary spending they need to go to some of these stores or to even purchase some of the necessary items that they may need at a rapid pace.

perry ellis is one, anne taylor lululemon mentioning it in terms of a sales impact and a margin impactearnings season for retailers, i think we'll hear about it from a pretty large swath of retailers. >> any longer term effects from this? there's been several disruptsions to the ports. what happens if air traffic use has to become a higher expense item for the companies? what other options are there? what long lasting effects are you anticipating? >> i think you will start to see retailers put no contingency plans. i was covering coach in 2002. at the time they started to really implement more going through the suez canal and fine contingency ways to put it on a smaller boat, send it through the suez canal so they wouldn't get caught up in the west coast port. it happened in 2002 when we saw almost a $16 billion impact to the economy. so i think a lot more contingency planning around this sort of thing. >> quickly because we have to go, but how much of that contingency planning could eventually become let's produce it in the u.s. then we don't have to worry about shipping it getting th

but would you look at lululemon which people have talked about?different line that you haven't thought of? >> i'd look at anything. you know it took us ten years to do this one. don't expect anything from us. >> terry and marla, thank you very much. >> congratulations. nice going. financial noise financial noise financial noise can it make a dentist appointment when my teeth are ready? ♪ ♪ can it tell the doctor how long you have to wear this thing? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ the answer is yes, it can. so, the question your customers are really asking is can your business deliver? have you heard of the new dialing procedure for for the 415 and 628 area codes? no what is it? starting february 21, 2015 if you have a 415 or 628 number you'll need to dial... 1 plus the area code plus the phone number for all calls. okay, but what if i have a 415 number, and i'm calling a 415 number? you'll still need to dial... 1 plus the area code plus the phone number. so when in doubt, dial it out! >>> raking news from

. >> it reminds me of the lululemon founders.g to wear yoga pants. >> i guess there would be agreement on that, right? >> it does seem conservative to go after people wearing yoga pants as someone who likes to wear them. >> i wear them all the time out on the street. >> just don't be indecent about it. freedom of expression. >> okay. >> no comment from scott. he's already dug himself in a hole this morning. >>> ibm releasing results of a study showing that 26 of 41 dating apps they analyzed expose smartphone users to hacking, spying, and theft. after we reported the story yesterday, media company iac responded with the following statement. ibm tested iac's dating apps including match, okcupid, and tinder. and they were not amongst apps to found as a result neshlts. we are confident in the measures we take to make sure our products meet the highest security standards. joining us now on the vulnerabilities that companies face ibm's security vice president. good to have you here. >> good to be here thank you. >> i take iac at its wo

that's right, some of the retailers that have publicly spoken out include ann taylor, tyson foods, lululemonh 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 crude oil prices are up. >> have you noticed them going up? locally gas prices are up sips yesterday. here's a look at the prices on your screen. it's up 15 cents a gallon since last sunday. right now a gallon of regular i