exponents to that program and it's going to be 3 realtors or have a single reality firm looks like pacific union basically, it launches in march. thank you, mr. fry and a commissioner just in response to commissioner matsuda's question going i don't have any information about the meeting but we'll disseminate it to the h pc. and one quick disclosure i went over and did a quick peak at the veterans building this morning and want to see how the light impacts. any other - >> commissioner matsuda. thank you. i want to be informed about 18 street and i thought ms. howard brought up a good point and i want the material agendized about the recreational element >> thank you. commissioners, if there's nothing further we'll move on for consideration fortunes item 10 at 345 stockton o ton street request for a permit is proposed for continuance until february 14th. i have one speaker card. and would like to advise the members of the public you can only present the card for continuance not the information >> do we have any questions or comments from the staff about the continuance. >> yes. >> jason sorry my

we are talking about union pacific. the best ever quarterly results and full year results. the ceo of union pacific. for the quarter, jack, there was only one weak spot and it was barely week. it was cold. >> if you look at it, local business was the biggest negative that we had in the quarter. everything else in terms of housing starts, automobile sales, those kind of things all play into a nice, slow, steady recovery of the economy. dagen: even if they are small in the near future for you, is there any spot in your business that worries you more than the others? >> our network reaches seven businesses. a lot of opportunities. nicole -- nice cold winter weather. probably more opportunities then there are worrisome points at the moment. dagen: what about capital expenditures? what about investment back in the business? >> sure. if you look in 2013, the investment in the business was 3.6 billion. we will probably do a little bit more than that. we take our cash. we reinvest in the railroad for safety productivity and growth. last year the combination of share buybacks and div

a bunch of big mac crow tells like union pacific which returned a volume growth for the first time iners. >> union pacific this is a company that not long ago preannounced weakness, but when we go over again trying to figure out what's going on with america away from the consumer, what do we see? agriculture plus 19% and industrial products plus 14%, chemical plus 3%, and coal minus one. natural gas has gotten so expensive that there are utilities that can flick a switch and start using coal again. >> a lot of talk that csx may have been the outlier with their weak quarter. >> and it lowered the bar. they have a different product mix and union pacific has the cleaner coal. but, you're right. we got to stay focused on the fact that the consumer not doing well. industrial doing well. and that's the consumer doing well if it's amazon. >> right. >> consumer related stocks not doing particularly well. >> no, they're not. >> but consumer i don't know that i want to say they're not doing well. >> that's why i want to hear from starbucks because i want to hear mall traffic combined with inter

if you deliver a quarter that was beautiful, the way union pacific did this morning, your stock can have a terrific move higher even in the midst of hideous action. there are no railroads that start here and go to beijing. union pacific is involved in cross commerce on the coast and given the $5.62 rally, the transports were so strong. another sign things aren't that bad. day one of the sell-off is over. let's go to day two, tomorrow's action. day two, tomorrow is when it will be too late to sell some stocks. even as others, particularly the ones that outperformed last year's 32% run for the s&p might have another tough day. tonight our job is to figure out what shouldn't have been taken down today. what isn't impacted by china but has gotten hammered as surely as if it its chief earnings stream comes directly from beijing. i spent time on "get rich carefully" addressing the broad futures led panic should be tamed by you. i will tell you how you should handle it. my perspective can help here. as many people presume it's game over exactly when it might be game on. my suggestion for today,

look at union pacific. on top of norfolk southern saying good things yesterday. n pacific numbers are terrific now. not a real china play, although there is shipping that comes from the west to goes to china. every number is good and that stock has done remarkably well. netflix we know, a wonderful conference call. wonderful. very thought. it. people want to understand it they should tleed. and tesla. tesla when netflix goes up, these cult stocks, i call them cult stocks. >> right. sue jump in. you have a question for jim. he can hear you. >> wanted to go back to something i've been watching. you mentioned it yesterday, jim, when we talked. that's the thrift industry in china. and this race to keep this one thrift from defaulting next week. the talk down here is that maybe china's thrifts, in their shadow banking system kind of might be on the verge of their own subprime crisis. do you think that's too extreme? because it seems to be weighing on the market today? >> no, i don't, sue. i think that's really the proximate cause of this. one of the reasons why, this c

. >>> union pacific railroad crews are working to clean up cars that derailed in shasta county yesterdayafternoon 35 miles north of redding. drone video from this morning gives us a close-up look at the mess. four of the 67 cars on the freight train derailed. three of the cars were empty and the fourth had scrap paper. no one was injured. amtrak says it is adjusting its train schedule while the tracks are cleaned up. no word on how it happened. >>> now we finally get a little rain in northern california. more on the way? >> yes, 24 hours from now we'll be talking about rain finally first widespread rainfall about a month and a half. it's been that long in the heart of our rainy season. we have been waiting and waiting. now it's finally almost here. live look outside high temperatures today 71 in livermore and gilroy, san rafael 68. oakland, fremont, 67. san francisco where it's now foggy. your high 63 degrees. the atmosphere is stacked with moisture. it is humid outside. that's what you need. that and the front coming through to give us the rainfall. we will get that front tomorrow. for

union pacific saw profits pop thanks to higher traffic of grain, automotive, and industrial goods. the stock jumped 3%. on the home front... existing home sales rose 1% in december from november. overall sales for 2013 hit 5 million. the most in 7 years. there was also a surge in sales of foreclosures. distressed and foreclosed homes made up 16% of sales in 2013 up from 14.5% in 2012. a significant amount of those homes were purchased with cash. if you've ever dreamed of a mansion in the hamptons...prices are coming down. prices in the luxury stretch of long island fell 2% in the 4th quarter, compared to a year ago. and, according to a new york real estate report, inventories were up by 53%. the stats are causing concerns of a slowdown in the high-end market. the average home in the hamptons will run you one-and-a-half million dollars. an oscar nominated film about wall street could mean the end of the bull run in the stock market. "as the wolf of wall street" plays out at the box office. one market technician says in a report on cnbc.com-- it's a sign "interest" in the market has

. >>> well, with those strong transports helping the markets today, union pacific beat street estimates thanks to strong grain, automotive and industrial shipments. the rail operators saw overall volume growth for the first time in six quarters despite weaker coal shipments. that sent shares up more than 3% to $174.12. >>> united continental also out today with earnings. they topped consensus the airline got helped last quarter from an increase in travel, higher ticket prices, cheaper fuel. but a weak view for the current quarter did overshadow those results today. they expect unit revenue to be flat because of the recent winter storms. shares there fell 1.5% today to $48.43. >>> shares of johnson controls took a nice hit today. well, not so nice 23 you were one of the owners of it after the company reported profit that is matched forecasts in an outlook that trailed estimates. sales at the auto partsmaker were better than expected helped by higher sales in china, but investors couldn't get past the outlook and weakness in some of the company's main units. the stock fell more than 4% to

we'll have coverage of the state of the union address 6:00 eastern and 3:00 pacific, and 9 o'clock is the actual speech. >>> irhillary clinton watts a speaker at the national automobile association, and she talked about her greg while leading the state department. >> my biggest regret is what happened in bengd. benghazi. it was a terrible tragedy. >> chris stevens, his death as ambassador in the middle east. 2016, she says i'll have to say i don't know. >>> the bitter cold, extreme arctic weather, up and down the east coast, more than 100 million are realing from the deep freeze rebecca stevens is here with that. rebecca. >> john, a cold blast that may be colder in places than it was the last time we were talking about the polar vortex. this cold is bringing temperatures to 14 in mi min minneapolis. we've got 29° below zero in chicago. for a wind chill factor right now. now, incidental it's been -- incidentally, top 20 coldest winters on record with an average temperature of 20.3°. 27 days out of 50 with snowfall, accumulating snowfall, only four times since records have been kept sin

union pacific, after the bell, microsoft. a lot of interest. will they say anything about their ceo search? the bad news out of china is driving the markets this morning. we're seeing markets down across the board. that is the case for u.s. futures. they are down by five points. bit forso leading to a treasuries. the 10 year yield is lower. >> we expected this data to show that the economy was slowing. >> but not necessarily contracting. it is a question of degree at this point. that is also not be official number. getting downng at against the dollar. not sure why. and gold prices are off here it >> and gas prices are elevated. it is freezing here. >> the polar vortex is going south. texas and louisiana are supposed get snow. >> hell is freezing over. >> tom keene is in the mountains. >> i have a vacation in new orleans in two weeks. i want them to be new orleans, not snowing. >> polar vortex come over to you. let's get to the front page. we scour the papers. it is not just china, it is also their internet outage. they call it the big web cras

sitio seguro, se investiga si fue por malas condiciones del clima que 19 vagoles de un tren de pacific uniÓnÍa, y fungiÓ como subdirector de la oficina nacional para el combate de drogas. >>> este monitor tiene mucha experiencia, es muy reconocido en todo el paÍs, es una persona que ayuda a cambiar diferentes departamentos de policÍa al pasarse de la lÍnea y que se demandaron mis respetos para esta persona. >>> ademÁs del monitor el juez federal ordenÓ cambios en el departamento del polÉmico alguacil en maricopa en arizona, como la instalaciÓn de cÁmaras de videoen cada una de las patrullas y creaciÓn de una base de datos. miembros del sindicato de trabajadores del servicio de correos estÁn en pie de guerra. se oponen a que la agencia abra sucursales en decenas de tiendas atendidas por empleados de la cadena. los 200 miembros del sindicato dijo que la medida es un asalto a los puest tos, los reemplaza con empleados que no forman parte del grupo, y recibirÁn menos dinero por el oficio, la disputa es en momentos que el servicio postal agobiado por problemas financieros, trata de reducir costos

>> when i say he's adding these new trains and people look at me like, is he norfolk southern, union pacific. these are terms of art. you are building structures that do what. explain this to us. >> you convert natural gas to liquid. the heart of the system is an aircraft engine manufactured by general electric. then you build around it, modularly, different components to work through the cooling process, and it ends up looking like a train. >> so it's a kind of a descriptive that's been thrown out there. >> yes. >> what do you think about the future for our country in energy? you're the guy who called it. people say no one called it. i've written three articles, no one called it. you stood right here and you called it. what's the future? >> it's just astonishing. we're going to be the largest hydrocarbon producer and a significant exporter in a very short time. look at the rig count, it hasn't changed except for one thing. there are more horizontal rigs every year so the productivity increases. if you look at the statistics from last year, a year ago we had 26% vertical rigs. now we're down

the way that you saw an alcoa, norfolk southern, union pacific, union pacific preannounces and finishes6. a coal company goes to 77 and then rallies. fedex preannounced and you called it the teflon stock. and speaking of teflon, dupont, 64. industrials. >> that's where we need to be focused in the first quarter certainly, the industrials. overall the market is still, many would say, it's 14.5, 15 times numbers. we're still in a low interest rate, low-inflation environment and you could argue for a higher multiple. those are arguing we might get to 16, 17, 18 times and still be okay with it. >> if we get to that. i've done a lot of calculation in preparation for tonight's "mad money." that would produce a 15% to 17% increase in the dow if we got that multiple expansion. but one of the things that happened at the end of the year that shocked me, you begin to get an exxon, almost like a small cap run, it's incredible to see that. don't forget the whole complex of mobile and social and yelp goes to 62. watch yelp. it's an important barometer. yelp is not the key to this market, ala lumber l

[laughter] as it happened there was can use to be a union pacific train would leave in the morning from paradise and come back at about 4:30 p.m. with the housewives have been shopping, they would get back to the farm in time to cook dinner for their husbands. that was trained number of 545. so the title was 545 to paradise. i was stumped and i had to write another proposal. this was even more sort of lunatic and juvenile. there's a series of books very successful in britain, the anatomy of britain. i thought, why didn't i write the anatomy of america, the basic on the structure of "grey's anatomy." not the television program about the book which is i think published first in 1856. i got an old copy and yes, it was organized with a brain and the nervous system and the cardiovascular system. i thought this could work. the universities, the brain. the commission system are the nerves. the highways are the arteries. the skeleton is all the bridgework and the skin. they didn't like that idea either. so i was really stomped until one day a couple of years ago i was thinking of got to write a

but the more excellent growth numbers are showing it, it kept soaring, or consider union pacific.hey preannounced the short fall and then it had a sustained advance. it wasn't just the trains though. despite endless and may i saw worthless valuation downgrades of federal express, that stock never quit. but perhaps the most glaring outperformance of all came from the machinery and mining stocks. cummins issued horrendous guidance and then because of robust job growth, the stock roared ahead, rallying above where it was when it preannounced to the down side. sure, the engine maker stock got hurt today, but i tend to regard that as a buying, not a selling opportunity. caterpillar's sad management couldn't execute cummins own sound world view, so they cut guidance drastically. but the stock rallied anyway. something i point out in "get rich carefully" that means a bottom is in. it's in place. the only news in alcoa will turn out to be an outrageously stupid downgrade from deutsche bank at the bottom, as the stock took off. not because of the inventories or the order books, which don't

as it happens there used to be a union pacific train which would leave in the morning from paradise and come back at 4:30 in the afternoon which the housewife who had been shopping in the markets get back to the farm in time to cook dinner put their husbands and people who worked on the farm. that was train no. 545. that didn't wash. and this was even more juvenile. and the anatomy of britain. why don't i write the anatomy of america, based it on the structure of gray's anatomy, not the television program but the book which was published in 1856. it was organized in the cardiovascular system and this could work, the university's, the communications system and highways and arteries. and the skeleton is the bridge work. i was really stumped. and i would like to write a book about this country and the united states of america, the word united. how come america managed to keep itself with the exception of the miserable years in the 1860s, united, no large entity on the planet kept itself united in any truly coherent way. since the soviet union dissolved into a dozen middle states, canada, w

look at union pacific, which has just as much and ends cheaper. >>> australia just wrapped its firstjob losses since 1992. coming up, the ambassador takes us down under with his trade. plus, did you twe tweet @cnbcfastmoney today? your best tweets after this break. [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses

union pacific locomotives hauled 135 cars loaded with coal. it was doing so when 19 cars jumped the tracks. emergency responders said nobody was hurt and there was no release of any hazardous material. we're told the tracks, though, will likely remain closed until at least tomorrow morning while the wreckage is cleared. the train was heading from wyoming to chicago, and they're now investigating why this happened. >>> so right now, we're continuing to work the breaking news this hour. terrorists vowing to, quote, a surprise package at the winter olympics in russia. a place where americans will gather. and others from around the world, just weeks from now for the games. how intelligence agencyerize now responding to the new threat. >>> and he went out for a walk and he never came back. the search intensifying to find a wall street journal reporter. >> we're devastated. we're desperate. and we're heartbroken. and in agony. we just want david back home. [ male announcer ] we could say a lot about the most track-tested is ever... but the truth is.

they share a section of the traffic with union pacific so they are late because of that. 580 is tough. westbound traffic still slow from the 205 interchange. that stays heavy through pleasanton at this hour. that's a look at "kcbs traffic." now to lawrence with the forecast. >>> liza, i have already had my first complaint about getting rain. >> just one? >> just one. we're just beginning! [ laughter ] we are just started to talk about rain finally making a return to the bay area and some much-needed rain could be headed our way. right now just a lot of clouds in the skies. the rain line is still to the north, high pressure to the south of us. we could see sprinkles north of the golden gate. so our hi-def doppler is up and running checking out your skies and right now, it remains dry. but that could change a little later on today. skies starting out mostly cloudy. a chance of sprinkles to the north. cloudy skies for everybody today but mostly dry further to the south. and then a better chance of rain for everyone late wednesday into thursday. so that ridge of high pressure continuing t

. >> that said, donald, if i'm union pacific or norfolk southern and i have to refit my railcars, that's going to cost me a lot of money, eat my earnings. >> here's the thing. those railcars are not owned by railroads. they're owned by the railcar lease owers the chemical companies, et cetera. the railroads simply move them. but there's a much broader impact, whether it's through pipeline or crude via rail and the industrial america is where we're seeing real growth. in fact, intermodal e-commerce and industrial america are the only places we're really actually seeing economic growth in the u.s. economy. and norfolk southern's case in particular, we're seeing the use of technology and infrastructure to take loads off of the road and put them on rail. we're seeing the ability to take advantage of the crude via rail story, the industrial revolution restarting, if you will. and we're still trading at a discount to the rest of the industry. because for good reason. this company's earnings were flat to down for the last couple years. but that's turning. and we're expecting them to see 2015 ea

union pacific. they beat the street by six cents. 255 to 249. autos, for example, up 17%.hat is more than offsetting the fact that it continues to see basically a stable but not growing business when it comes to coal. in fact, it's going to be up fractionally over the next quarter to two quarters. but at least they're see that coal business stabilize. finally, tesla is a story of the auto sector getting attention today. tesla's model s will be sold in china for $121,000. tesla will sell the first model s in china starting in march or in april. they're still working out a few things. that's the expectation. they're already some being shipped over to china. guys, do not underestimate the importance of the chinese market for tesla. it is the number one market for luxury vehicles. it is going to be a huge market for electric vehicles. that combined is why a lot of people are excited about china when it comes to tesla. >> how is the price tag sound to you, phil? why is the stock down today? >> listen, i don't think the stock is down based on this. i think the price, 11,000, it'

is trying to complete deals with the european union and pacific nations. >> we need to work togetherls like bipartisan trade promotion authority to protect our workers, our environment and open new markets to new goods stamped "made in usa." the president went on to say that china and europe aren't standing on the sidelines and neither should the u.s. we are going to stay in the u.s. because we are just hours away from the fed's first ellis a division of 2014 and it is the last meeting to be chaired by ben bernanke. -- we have now manus cranny for more on the changing complexion of the fed. we have more hawks. >> we have. voters who get to throw their ticket in the ring. it is going to be interesting to see what the statement says. how that breaks down in reference to growth, markets, taper. let's look at the new hawks. not all hawkish. i thought we would focus on these four. and these others. in 2011.dissented just to put it in context, richard fisher is not that bothered about equity markets. i want to show you these emerging markets and the s&p. is the fed bothered? is it bothered

on the railroads, delays on union pacific railroads across illinois, minnesota, missouri and wisconsinthey're moving coal in a lot of these places and it's too cold to move. farmers in florida are worried about their fruit and strawberry crops. they're racing to pick the fruit before a freeze hits and cover the plants with cloth or even ice to try to save them. and power companies are asking customers to lower their thermostats or use generators unless you prepaid for your heating costs, you're likely to see higher energy bills this month. >>> now, bendable tv. a bendable tv, the latest, greatest thing in technology at the consumer electronics show. that does not bend. >> no. >> that does not bend. this is in vegas and this is from samsung. it can go from a flat-screen to curved with a touch of a button. samsung says consumers might want to watch movies on the curved screen, they might want to watch other things on the flat. the curved mode, according to samsung, provides even more life-like picture quality and depth, because think about it, when you look at something in real life, you

and union pacific, we have the ceo here with us this hour to talk about that.also here to get you healthy and fit in the new year. all coming up on the down market with dagen mcdowell on this hour of "markets now." dagen: that is exactly what you are saying. 180 and me being here. my fault, right? that rocco dispirito book, it is actually a weight-loss book. a calorie restricted pound per day weight-loss book.

union pacific and norfolk southern doing so much better than people expected. place those stocks are elevated. but just beware the transports may be another tell that we're not falling off the cliff. >> on a final note you don't think the rails are cloudy given what kansas city and southern said. >> i couldn't believe they missed as bad but they are supposed to be making 500,000 vehicles in mexico and move up here and they didn't. and southern had a route down to the oil and the refineries and it's being shifted to the eastern balkans. brutal. brutal. they had two things go wrong. >> state department may issue a ruling on keystone and whether or not it will be negative. >> watch conoco phillips have been here. they are accidental high yielders and they'll be yielding twice as much as ten years after tax. >> the last trading day of the month starts after the break. a lot more "squawk on the street" is back after a minute. ♪ don't wait for presidents' day to save on a new mattress. sleep train's presidents' day sale is on now. save up to $500 on beautyrest and po

don't forget, al jazeera has complete coverage of the state of the union, 6:00, 3 pacific, with the speech getting started at 9:00. and we'll break down the president's speech and tell you how realistic his goals are and the republican sponges, that's coming up tuesday night at midnight. and remember, if you would like to comment on any of the stories you've seef seen here, you can n to aljazeera.com/americatonight. tell us what you would like to see in our nightly current affairs program. we'll always be available on aljazeera.com and on our facebook or twitter page. >> welcome bacwelcome to al jaza america. i'm jetblue. peace talks with the president of ukraine. president obama addresses the nation tomorrow night in his fifth state of the union. at the top of the agenda, income and the economy. the president's approval ratings are as low as they have been in a state of the union speech. right here on al jazeera america, our expanded look at the speech is 6:00 p.m. eastern, 3:00 pacific. >>> leaked documents from edward snowden, reportedly show that nsa got information from cell phone app

right now negotiating two such air agreements, one with asian pacific nations and another with european countries. in his state of the union address mr. obama called for bipartisan cooperation to pass both. >> when 98% of our exporters are small businesses, new trade partnerships with europe and the asia-pacific will help them create even more jobs. >> reporter: but some democrats believe american workers lost out in the free trade agreement with mexico and canada, organized labor isn't enthusiastic about the new trade deals. on this day the president spoke at a union-organized general electric plant and while reid hasn't said he'll block a vote, he certainly hasn't committed to one. >> everybody will be well advised to just not push this right now. >> reporter: republicans wasted no time turning the president's state of the union threat against him. >> the president's state of the union said he had a phone and a pen. i think the first phone call actually has to be to harry reid to talk about trade. >> reporter: for months democrats have criticized republican divisions over tea party demands and reluctance to compromise. t

because a lot was done in the administration with the pivot of the asia-pacific region, but i think i am right that in the state of the unionan hour-long speech, the word china was only mentioned twice. what has happened to that asia- pacific? >> it is still connected to what we are doing in the middle east and with the wars, but what we have always said is iraq and , resources and time and attention of policymakers so we can focus, as the president said last night, on the opportunities in the world, and chief among those opportunities is the asia-pacific region, where we are negotiating a partnership, and we are also making sure that our posture matches the 21st century, so part of turning the page in war is also refocusing american priorities. >> ok, let me ask you about the iran comments. this is the first time that he has said he would veto any bill that came from congress proposing new sanctions on iran. today, you have a republican senator, marco rubio, pushing back against that, saying there stood -- should still be sanctions on them. >> well, we made very clear to the senate and to the congress we will do that if th

and leading indicators, another busy day as well for earnings, reports coming from mcdonald's, union pacific, lockheed martin, southwest airlines and united continental report before the open, after the enclose's we'll hear from microsoft and starbucks. >>> there's plenty of cautious optimism here in davos but it only really feels like the imf are raising the red flag over the disinflation trends, the ogre, as christine lagarde called it. my next guest believes this will be the big challenge for 2014, joined by stephen king chief economist at hsbc. why? what are your thoughts in. >> the first reason is over the last 12 months inflation is surprisingly on the downside to a considerable degree well below the targets central banks have set. of course you can see the area much lower than expected and lower than target. central banks mostly assume it will go straight back up to target over the next year or two. that's a complacent view. >> because there's a belief if activity picks up ultimately inflation will follow. that's not always automatic. >> that's the cyclical story. japan in the 1990s,

three railroad workers suffering minor injuries, both trains union pacific., one of the engines spilling fuel. no word yet on when the tracks will reopen. martha: well, shock and some outrage from several u.s. veterans over claims made about the obama white house in the robert gates book that is going to be out next week. excerpts have already been released. but among other things, the former defense secretary says president obama did not believe fully in his own war strategy, yet sent thousands of american soldiers onto the battlefield, and this is the reaction from several veterans. >> it's a gut punch to everyone they sent and those families and those who served and sacrificed to say i wasn't quite sure whether this would succeed, but i sent you anyway. >> i think most families who read in this book will be shocked at the ineptitude and the amateurishness of those at the very highest levels of our decision making. >> has allowed our soldiers and marines and navy corpsmen to be killed or maimed in a war the president doesn't believe makes sense or that he d

state of the union address starts at 9:00 east, 6:00 pacific.s will take you all through it. >> extreme recycling and happening in a neighborhood in seattle. >> for decade, serving up freight, now serving up lattes and express pressos. a new starbucks, time lapse video, showing how it is put together. this is in denver, this one. >> starbucks said they got the idea of making stores out of shipping containers by looking out of their office windows at shipping yard. this will be ready for customers in just two weeks. >> actually look pretty good, too. yeah. once you put a little siding on it, you forget it is a container, right? >> why not just build a starbucks? >> i bet you this one is cheaper. you can bring it to manhattan and make a few apartments out of it. >> there you go. >> set us up. some room, finally. >>> coming up, blueberry pancake day. can't wait it taste. >> smells so good in here today. >>> and mothers exercising to the extreme. who is concerned about the challenging workout rye teens. you're watching "world news now." >> "world ne

cbs news will provide live coverage of the president's state of the union address address tomorrow night at 6:00 pacific time. late today, house and senate negotiators reached agreement on a new farm bill. this matters a lot because now farmers will be able to make plans knowing how much they'll be receiving in subsidies. the compromise also cuts the food stamp program by $8.5 billion over ten years. that's about 1% of that program. there was tight security today when the olympic torch was carried through dagestan, a volatile region that is home to islamic militants who have threatened to attack the winter games in sochi, russia. there were no incidents. security is just one of the reasons why these olympics are the most expensive in history. rampant corruption may be another. mark phillips investigated. stigated. >> reporter: they've been painting the olympic rings on the new roads built around sochi. they may as well have been dollar signs for what they cost- - just shy of $9 billion. it's become a local joke that the roads would have been cheaper if they'd been paved with caviar. olympic spending rec

the state of the union address starts at 9 p.m. eastern/6 p.m. pacific.re to watch it right here on abc news. we'll have coverage live tonight. >>> looking ahead now to presidential politics 2016, hillary clinton said her biggest regret as secretary of state was the killing of four americans in the benghazi attack. she called it a terrible tragedy that illustrated the challenge of protecting american civilians serving in dangerous parts of the world. >> you make these choices based on imperfect information. and you make them to -- as we say, the best of your ability, but that doesn't mean that there's not going to be unforeseen consequences, unpredictable twists and turns. >> clinton's comments came in a speech before a group of car dealers. in a lighter moment, clinton admitted to them that she has not driven a car in almost two decades. >> she says bill loves the idea of not driving, but she actually misses it. >> oh, wow. >>> jury selection gotten under way in the corruption trial of former new orleans mayor ray nagin. he's accused of accepting trips a

we'll have live coverage of the state of the union with brian williams at 9:00 p.m. eastern, 6 pacific right here on nbc. >>> apps likely on your phone like angry birds are used to track your location and more. the allegations just part of the newest nsa spying revelations. the new documents were released by nsa leaker edward snowden and they suggest data from mapping, gaming and social networking maps can be fed to the nsa and personal data like your location, political affiliation or sexual orientation. the nsa gets routine access to app data. the nsa insists they're not interested in data from people that aren't considered valid foreign intelligence targets but 60% of americans value their privacy over security according to a new associated press gfk poll. that's up 2% from a similar poll in august. >>> this morning the music world is mourning the loss of folk singing icon and activist pete seeger. ♪ >> that was seeger singing the hit turn, turn, turn. he performed with bruce springsteen at president obama's concert. he said the key to the future of the world is finding the optimist

. >>> and, of course, abc news will broadcast the state of the union address and republican response beginning at 9 eastern 6:00 pacific. >>> under a compromise spending will be reduced by about 1%. some lawmakers had wanted to cut five times that much. food stamps are just one part of a huge farm bill which has been stalled in congress for two years. >>> and there's disturbing new information found in documents leaked by nsa whistle-blower edward snowden. they suggest popular aapps on smartphones like angry birds can feed huge amounts of personal data, age, location, sex and other apps that can be mined are google maps and mobile versions of facebook and twitter. >>. >>> breaking news from the ukraine where the prime minister has resigned. the country has been on the verge of civil war for weeks with a violent anti-government protest in the streets. two activists killed in kiev last week. it started after government leaders turned towards russia and rejected a treaty with the european union. >>> hillary clinton speaking out about her tenure as the nation's top diplomat. she says her greatest regret was the loss of lif

steve schwarzman, and then a check on the rails with union pacific. [ male announcer ] the new new yorko ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barreling down i-95. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ cozy or cool? "meow" or "woof"? everything the way you want it ... until boom, it's bedtime! and your mattress a battleground of thwarted desire. enter the sleep number bed. designed to let couples sleep together in individu

the earnings call by union pacific is always highlighted by their safety record. >> burlington is alsoaway. >> i'm not against tanks. i think it should be double hold. equivalent of double hold. let's not lose sight of something that audrey mcclendon told me a long time ago over at dinner with the 21, kind of a fun time. he said, jim, any time we extract things from the ground that are meant to burn, it can be dangerous. >> does this add any debate to the keystone xl? not that it needs anymore. >> yes. it's so political. people have to understand. if we're in an energy-free situation, which would be absolutely fantastic. remember steve jobs wanted cars to run on water, then it would be tremendous. we have to get this to where it can come out of the ground to where it can be refined or else it's useless. there's a subrow of factors people don't want to talk, it's almost like a quasi religion. many want oil and gasoline to be dramatically higher because then we'll use less of it. you, in favor of that, you're right because then we have to import it. where do we import from? venezuela, ni

our coverage of the president's state of the union address will begin tuesday evening at 9:00 eastern, 6:00 pacific time on nbc. >>> when "nbc nightly news" continues on this sunday, all the food that goes to waste in this country. why not sell it cheap? >>> later, we'll take you to a fighting constipation by eating healthier, drinking plenty of water, but still not getting relief? try dulcolax laxative tablets. dulcolax is comfort-coated for gentle, over-night relief. dulcolax. predictable over-night relief you can count on. >> we're become now with some food for thought. consider the fact that our country throws out an estimated $165 billion worth of food every year. much of it still perfectly good, according to a recent study. that's the idea behind a new grocery store that will open in june. it's called the daily table. it will sell deeply discounted foods that have recently reached their expiration date. nbc's miguel almaguer has our report. >> reporter: shopping for a healthy meal, this single mom is at the food bank, looking for affordable groceries just past their prime. >> what if it's a d

. >> it's a huge business for union pacific. >> kansas city southern is down 14. >> ksu, just such, wowo, that's really the mexican train, too, you know. that's the trunk line, that was the nafta winner, so i'll look at that closely because that's not a bad company. >> dow is down and bob pisani is on the floor. >> hey, guys, sorry, we're about to open one of the ipos here, care.com which is an online caregiver, 5.3 million shares at 17 and 19 to 21 looking pretty good. the one about to open here and they seem to be screaming back and forth is rice which is a natural gas exploration production company. 44 million shares at 21. they look ready to try to open but i don't see an indication on that. weak open here. same thing as yesterday, industrials, materials, energy stocks, all the big multinationals on the weak side. but you mentioned the earnings reports, nice moves up here. i see juniper up, discover up. microso microsoft, stanley works, procter & gamble up nicely on better-than-expected earnings. it's been a great year so far. have you seen what the markets are doing? put up the scr