usgs cut their losses in sheet rock and closed down. it is gone. the houses are there but the people are gone. it is the real wild west, the way it was. it takes a lot of the romance out of it. so we have done several things. black rock solor, which came out of burning man in gerlach. the school is closing down because they do not have any kids. the economy has been based on mining. there are some tourists that come through. hunters. some of our people come through and leave money in their wake. a little town like that does not know how to make money. but they have learned in certain ways. we have made significant charitable contributions. i do not want to great -- take much credit for this, but we are helping to keep them alive. the thing about our event, we do not do commercial things at the event. it spreads out the economic development to our neighbors. the piutes down the road are now doing in the in taco stands now and we know them. there was the day when we were considered scary, coming from san francisco, you know. it is much easier to brea

these benefits are highly sensitive to earthquake probabilities and based on the numbers from usgs, the most recent numbers we estimate there is about a 2 percent chance of an earthquake and the 2 percent probability alone would justify this immediate spent you sped expenditure. a second point is that as a mandated capital improvement, owners of property that are subject to the rent stabilization board have the opportunity to pass a hundred percent of this through to tenants. in practice property owners will not be able to fully pass a hundred percent. but for tenants who are paying significantly below market rate they may absorb a hundred percent of the cost which works out somewhere $39 a month. the final point i will make in respect to that is that one thing that is not clear based on the extensive research at the caps committee has done is how retrofitting improving is survivability. what we are asking at the tenants share the cost. there are stake holders who get benefits. property owners get more value due to retrofitting and housing stock that better meets the city's post disaste

the usgs reporting the first quake hit at 9:55 this morning, registering 4.7 on the richter scale. then eight seconds later, another 4.7 magnitude quake hitting. fifteen seconds after the second one, another one, this one 4.6, a 3.0 striking 90 seconds later. the good news with all this shaking, rattling and rolling, no injuries. >>> a trial in a wrongful death suit against livermore lab. five ex-workers claiming they were let go because of their achblgt part -- age. they say age had nothing to do with the layoff. they were lot go in '08 shortly after lawrence livermore labs was privatized. >>> good news for san jose's minimum wage workers. today getting a solid $2 wage. minimum wage in the city now $10 per hour. the change is due to measure d which voters passed in november. opponents say the increase will hurt local businesses. some local businesses say they are already paying employees more than that and that's led to better moral and less turnover. the pay hike coming just weeks after president obama called for a change in the national minimum wage rate during his state of the

this is a map of the usgs that shows the potential levels of ground shaking that could be experienced across the bay area in a repeat of a major 1906-like earthquake on the san andreas fault. very strong shaking would affect most of san francisco and would last well over a minute. for context, in 1906, over 500 miles of the san andreas fault moved in a second. in 1989 in the loam loma prieta event (inaudible) understand our interdependancies and we launchd an inder dependancy study earlier this year. this will benefit all our operators as well as the region's businesses and residents. first we want to build on an understanding of all of our existing system interdependancies and the consequences of existing conditions to help expedite sppbs and restoration planning among agencies. with this we will also identify the key assets and respiration of priority schemes to prioritize and restoring and rebuilding our city and ultimately the region after such an earthquake. we will then work to develop a set of life line expectation under current systems and standards developed over the next dec

cal ema and we've developed the ability to import data from every allied organization whether it's usgs, the law enforcement agencies, fire, weather, what have you, to be able to put it out in layers so we literally can know everything going on. we can see lightning strikes that cause fires, down to the size of a car fire. we're often able to do predictive analysis that exceeds the ability of fire and other agencies and able to call them up because we can see this and we've trained our battle captains that work in our operations center to think ahead and think three moves ahead whether or not an event they see developing is going to cause a trigger that is going to require national guard or other military forces to deploy. >> if i may, i think it's for us, myself as the senior leader in third fleet, it's about information sharing and intelligence fusion and turning that into actionable knowledge. we have a 24/7 maritime operation center as well that we attempt to do that. we do have cnn up, usually turn the volume down and just look at the pictures and read the bumper sticker underneath

according to the usgs it struck after 2:00 a.m. and was followed by 2.9 aftershock.are no reports of damage or injury. >> in bay area and is a 60 ft. sailboat is drifting, on man, off the shore francis beach in san mateo county. this photo was taken by the san mateo county harbor patrol. a party said the owner was ordered to move his boat out of the marina. while trying to do so he loss control and began to drift toward the beach. >> the coast guard is concerned that there could be fuel on board that could spill at first light, the coast guard will that out to the ocean to tow the boat back to land. >> navato police have arrested a man in connection with a fire at a home that turned out to be a marijuana grow house. the fire happened on tuesday. police say rory mark ward was the owner of a home. ward was arrested during a traffic stop. fire officials said the fire started in the basement. the home's electrical system bypass the t d in the meter and the fire appears to be electrical in nature. no one was living in the home of the time of the fire. >> rob black will be

the usgs said it around 10:00 a.m. and centered 12-miles to the east ofanza. it came in at 5.1 but was down graded. the shaking was felt from san diego up the coast to north of los angeles. >>> in the bay area, nice mild day. how long will the nice conditions last? >> it is feeling -- [ talking at the same time ] >> 60s today. 70s. this week i will show it to you, we will hit 80 degrees. other areas low 90s, south towards morgan hill and beyond. outside right now, you can see we got fog -- you can't see it. golden gate bridge right there. fog. fog trying to come in. coastal fog that will be back again tomorrow morning and we will show you that. the fog long the coast dense at times. as you travel along the great highway, san francisco, tonight, tomorrow morning, you can see it right there, you can see the fog, be prepared. coastal fog represents -- may slow you down tomorrow. for the rest of us, the current temperatures. because it is warm, right? 72 in antioch. 72 livermore. that is right now. late, late in the day. 60s and 70s. tomorrow night, mid-70s. we ar

this is a look at a map from the usgs website. the quake hit just after 2:00 a.m., about 14 miles northeast of healdsburg. even though it was a larger- than-usual quake for the area, it does not appear a lot of people felt it. the sonoma county sheriff's department said it only took two calls about the quake. no reports of damage. >>> a new earthquake warning system just passed in southern california. coming up at 7:19. how this could change the way we respond to quakes in the future. >>> we're following developing news. we're getting word of another carnival cruise ship in trouble. this time it's a cruise ship stucks in phillipsburg on the island of saint martin in the eastern caribbean. several passengers are telling stories of power outages and overflowing toilets. this is file video of the carnival dream. the coast guard has been in touch with the ship's captain and he told them of trouble with the propulsion system. this comes a month after a fire crippled a ship in the gulf of mexico. coming up at 7:45, we'll have an update

this is a look at a map from the usgs website. the quake hit just after 2:00 a.m., about 14 miles northeast of healdsburg. even though it was a larger- than-usual quake for the area, it does not appear a lot of people felt it. the sonoma county sheriff's department said it only took two calls about the quake. no reports of damage. >>> a new earthquake warning system just passed in southern california. coming up at 7:19. how this could change the way we respond to quakes in the future. >>> we're following developing news. we're getting word of another carnival cruise ship in trouble. this time it's a cruise ship stucks in phillipsburg on the island of saint martin in the eastern caribbean. several passengers are telling stories of power outages and overflowing toilets. this is file video of the carnival dream. the coast guard has been in touch with the ship's captain and he told them of trouble with the propulsion system. this comes a month after a fire crippled a ship in the gulf of mexico. coming up at 7:45, we'll have an update

the usgs says the warning system gave 35 seconds notice and while that may not sound like much keep ind it is enough notice tore trains to stop, utilities to is shut off systems and people to take cover. wouldn't you like to have 35 seconds warning. keep in mind here as well the system does not predict earthquakes. it detects the first pulses of a quake energy and gives you a little time to take some action. >>> organizers of the america's cup yacht race coming to san francisco this summer are trying now to keep wind in the event's financial sails. to that end they have scaled down the size of the event dramatically. as mark matthews explains, the projected payday as well. >> reporter: the city supervisor says the america's cup organizers failed to pay prevailing wages for work done last summer. >> the highest possible for the types of programs and didn't live up to them when it came to that happening last year. >> reporter: workers are now owed $400,000 in back wages. >> prevailing wage rate for a carpenter who installed beachers is $64 an hour. >> reporter: the cities offense of labo

look at usg today, channel checks saying that price rise are not going to stay. short it. >> acv stocks, gold looks good, gld. >> guy? >> hi, mylan labs, it's sold off a little bit. gown graded today, i think we might have held this trend line to the upside. myl. >> thanks for watching. see you tomorrow 9:00 a.m. for "squawk on the street." back here at 5:00 for more "fast money." firms are going to go out of business and he's nuts, they're nuts! they know nothing. >> always like to say there's a bull market somewhere. >> "mad money" you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. a lot of people want to make friends. i want to try to save you money. my job is not just to entertain but do a little educating and teaching so call me at 1-800-7843-cnbc. you figure it would have to spill over eventually. the way the europeans handled that cyprus situation. dow sinking 64 points, nasdaq down 3.4%. even the best of all the worst plans like this one would be viewed askance by the rest of the world's financial capitals and that

the usgs says a quake that size could trigger a tsunami with waves up to 25 feet high. >>> the dragonle was carrying scientific material. space x has a contract with nasa for supply missions. this was the second mission to the space station. >>> it turned out to be one of the driest days in san francisco. it continues that way. pretty dry around here. no major rain coming our way. you see the pacific it's lit up with activity. but most of that activity is focused toward us. spin the radar and you see there's not much going on toward us. there's no rainfalling in the bay area. we do see clouds increasing tomorrow morning and a chance for some sprinkles as we go into the morning hours. i'm going to show you on the computer model, right now we have temperatures in the 40s and low 50s. that's because the cloud cover so it's kind of mild outside as you move about tomorrow and tomorrow morning. you wake up and it's not cold but it may be chilly. overnight lows are going to be low 40s, mid-40s kind of thing. so the computer model for tomorrow, you see all the moisture coming in. this is tomo

the usgs says a quake that size could trigger a tsunami with waves up to 25 feet high. >>> the dragon capsule was carrying scientific material. space x has a contract with nasa for supply missions. this was the second mission to the space station. >>> it turned out to be one of the driest days in san francisco. it continues that way. pretty dry around here. no major rain coming our way. you see the pacific it's lit up with activity. but most of that activity is focused toward us. spin the radar and you see there's not much going on toward us. there's no rainfalling in the bay area. we do see clouds increasing tomorrow morning and a chance for some sprinkles as we go into the morning hours. i'm going to show you on the computer model, right now we have temperatures in the 40s and low 50s. that's because the cloud cover so it's kind of mild outside as you move about tomorrow and tomorrow morning. you wake up and it's not cold but it may be chilly. overnight lows are going to be low 40s, mid-40s kind of thing. so the computer model for tomorrow, you see all the moisture coming in. this i

the usgs has just downgraded it from 5.9 to 5.5 magnitude. south of acapulco. buildings swayed in the capital. thousands set to have run in the streets as the earthquake alarm sounded city-wide. no word on any damage or injuries. >>> rewards offered for information in the search for a fugitive cop last month are being taken off the table. the "l.a. times" reports that liverside has withdrawn their reward for the arrest and conviction of ex-cop, christopher dorner. the conditions were not met. he was found dead inside a burned-out cabin in big bear after going on a killing spree leaving law enforcement on a day's long manhunt. several other groups are withdrawing their pledges. >>> up in smoke as the fire takes down the roof. fierce flames that send firefighters scrambling in the east bay >>> a car flattened after a deadly crash in the south bay. look at the aftermath and detour in place for your morning commute. >>> good news when it comes to your homes. house prices way up in the bay area. we'll take a look coming up in business news >>> taking a live look. th

the temporary office is in a vacant office space in menlo park, in the same building as the usgs.. >>> it looks like nor wet weather is headed our way. to find out if it will be like yesterday let's check in with our chief meteorologist bill martin. >> so the front went through and through the low center. and it will slide by the bay area. i'll show you on the computer mod nell -- model in a minute. you'll see some light amounts, but kenfield almost an inch of rain. the numbers were greatest in the coastal hills like an inch and a half in boulder creek. so along the coastal hills we have significant rainfall. but toward fairfield, you are at a tenth of an inch. so snowfall in the mountains right now. we have some widely scattered showers outside right now. but as you can see, it is not really that amazing in terms of coverage. as a matter of fact, these scattered showers will continue tonight. so in this case, the napa system, just a few sprinkles there. as we go through the night, be prepared for maybe rain drops and maybe something more than that, but not much. it is the dynamic

looks like usg might hit the 200-day moving target -- average i should say.on "fast money." >> i probably won't be picking some up for a while. i think technically probably down to 23 is where i'd start to look at it. but you really need to see these price increases whether or not they're going to come down, actually, which is what they're suggesting. i would stay away fruchlt sg right now, give it some time to breathe, maybe in a month or two come back to it. >> we've got your first move for tomorrow when we come back. stay tuned. >> check >> check your closet. chances are you've got some clothes from pvh. from calvin to tommy, they've got some of the biggest brands around. stick around because "mad money" is coming up next. 3w4r tt de's online banking, . >>> final trade time. beakers, kick it off. >> my google glasses are telling me you can still buy monsanto even though it's up 1 1/2% today. >> tim tim. >> congrats to two of my favorite markets, the philippines and turkey for their upgrades today. you can play turkey with the t.u.r. >> josh brown. >> i thi

you saw yesterday usg was down 10% because of checks talking about how the price increases aren't goingo be able to come through. when you start to see stuff like that, the story starts to deteriorate. >> how much can you put in channel checks? housing has recovered. housing remains pretty strong. case-shiller was another metric. >> not only case-shiller but core logic showed 9.7% -- >> these stocks are trading at levels that are above the 2007, 2005 high when we were in the middle of an incredible housing boom, biggest housing boom of our lifetimes. >> some of the stocks, which you've been involved in in the past, lpx, the nontraditional housing stories have not rallied as much and kind of been flat which i like because i think those expect tagations -- >> i look at those as different as housing. they have yield and resources part of it. you get the bond yield in it. >> i have to ask you real quickly, i watched you on the 5:00 show last week saying you would not short the s&p until we exceeded that 2007 high. you're saying you did short the s&p? what did you see in the week that change

the usgs says it had a magnitude 6.5 and hit about 4:53 this morning pacific time. no word yet on any damage in the island chain which is in that area but we'll keep you updated and when you hear earthquake and japan, that's a tough thing after what they went through. >> a 6.5? that's big. >> and i was already looking for tsunami possible warnings. none are up so we are okay with that looks like. things keep moving with the plates out there. we are keeping things quiet in the bay area. plenty of sunshine coming our way as it looks like high pressure will dominate our weather. but we have some very dense fog. that ridge is compressing that fog right down to the surface. visibilities less than a quarter mile in some spots. so be careful if you are traveling outside. check the fog. looking toward the bay bridge, isn't that neat? you can get an idea of how low that fog deck is. thick traveling, but it's very patchy and it's going to lift and by the afternoon, we have plenty of sunshine coming our way. a lot of 40s and 50s beginning to show up but a cool 37 in santa rosa

. >> according to the usgs if struck about 2:00 a.m. and was followed by 2.9 aftershock.sonoma counties said they felt to but as it says they're no reports of damage or injury. >> told france's opened his first morning is pocked by praying at rome's main basilica dedicated to the virgin mary today. the 76 year-old was the arch bishop of coyness bueonos aires making him the first pontiff from latin america. rome police say about one under 50,000 people filled st. peter's square for the and out of the new pope. the huge crowd later witnessed pope france's first speech. rather than blessed the crowd first, he asked them to pray for him. francis took the helm of a catholic church that is been rocked in recent years by sex abuse scandal some kind of corruption. issues that some believe france is a turnaround. >> vatican officials say it will take several days before there is an installation mass for pulp france because it will take time for world leaders to arrive. >> and what is the name? >> the pope's decision to call himself francis since be a very symbolic move. is the fir

usg, they make the wall board and made adjustment to the plan.n wall street sees this, they think that maybe someone is kicking the tires. put that on your watch list. and the coal stocks have been decimated and nevertheless, raymond james says this is a buy and trading at book and discounts to sales. and finally, take a look at this. okay on the respiratory drug is creating a lot of speculation that glaxo, partner will make a bid for them. if they get the okay, the revenues go up 300%. let's check on the big board. we've been heading up since the market opened and the dow jones industrial average up 64%. time is money, so, in 60 seconds here are three more issues we're going to be talking about and you're going to get fired up about. one county administrator in oakland, california, that area, makes $423,000 a year and will so for life. now, wait until you hear some of the perks that she also gets to help bad that pension. the judge is going to be here to respond to stuart's defense of the nanny state. you remember that. if we're paying for entit

a new usgs study says an earthquake with a magnitude of 8.0 or higher could trigger a tsunami with waves feet high. scientists say if the quake hits anywhere from canada to eureka, tremendous damage could happen along the california coast. the study was released as part of tsunami awareness week. >>> 7:40. free wi-fi citywide. which bay area is city -- which bay area city is getting the service. >>> and pay what you want. the restaurant that's trying this method and how it will work. [ female announcer ] made just a little sweeter... because all these whole grains aren't healthy unless you actually eat them ♪ ♪ multigrain cheerios. also available in delicious peanut butter. healthy never tasted so sweet. nom, nom, nom. ♪ the one and only, cheerios ♪ >>> stocks opened sharply lower on wall street amid correspondented concerns about cyprus and other european nations. there's fear the rescue plan for cyrus that puts heavy taxes on large deposits could be considered a model if other countries falter. >>> 7:43. panera bread is trying out a bold, new pricing plan at some of its stores. startin

a new usgs study says an earthquake with a magnitude of 8.0 or higher could trigger a tsunami with wavesare 25 feet high. scientists say if the quake hits anywhere from canada to eureka, tremendous damage could happen along the california coast. the study was released as part of tsunami awareness week. >>> 7:40. free wi-fi citywide. which bay area is city -- which bay area city is getting the service. >>> and pay what you want. the restaurant that's trying this method and how it will work. [ female announcer ] made just a little sweeter... because all these whole grains aren't healthy unless you actually eat them ♪ multigrain cheerios. also available in delicious peanut butter. healthy never tasted so sweet. ♪ the one and only, cheerios >>> stocks opened sharply lower on wall street amid correspondented concerns about cyprus and other european nations. there's fear the rescue plan for cyrus that puts heavy taxes on large deposits could be considered a model if other countries falter. >>> 7:43. panera bread is trying out a bold, new pricing plan at some of its stores. starting today, cust

reported above the 5.1 magnitude, marking them as moderate earthquakes, but again, we're waiting for usgs awus an indication of the final magnitude. and there were three quakes because there were only two that we know of that have been located out in the desert. megyn. >> megyn: all right. trace, always interesting living in california. thank you, keep us updated. >> okay, okay. >> megyn: in just 24 hours we could see the first puff of smoke indicating which way the voting has gone on picking a new pope. hundreds of faithful are already gathering in st. peter's square. look at the beautiful pictures out of vatican city. just ahead, the man who wrote the book on pope john paul ii and give his thoughts on which candidates are leading the way and which could be the big surprise. there are not one, but two americans whose names are in the mix. we'll talk about it. and plus colorado becoming a hot bed of controversy over gun control. one state lawmaker ignited a fierce outcry after proposing a weapons ban, specifically targeting our veterans. and a teachers strike turning ugly in one town. sub

usgs finally came to 4.7 magnitude of those. no real damage, no injuries. that's the good news.s, some believe this wasn't a stand alone quake, but a foreshock of something bigger. listen. >> and it's possible that there will be larger events, always a 5% chance that one of these events is a foreshock to a larger earthquake. and so the theme of this, we live in earthquake country, if we live in southern california. we need to be prepared. >> reporter: here is the deal. here is the reason because the san andreas fault, a line that runs down through the state. that's what they say when they talk about the big one in california falling into the ocean, that's what they're talking about. this quake was right next to the san andreas fault. let me show you an aerial view here. the fear is that so much stress has built up in the san andreas fault and not released that the fault lines could lead to the san andreas and become. did i mention it's 72 and sunny outside. >> megyn: we await the smoke that could change the world. it could come at any moment and we go live to rome next. [ male a

usgs reports a magnitude 3.6 quake out in the pacific, 30 miles west of daly city.. since it was off the coast, no reports of any damage. >>> deadly riots in egypt today, after a controversial legal decision. a court upheld the death sentences of 21 people convicted for taking part in a soccer riot last year that killed 74 people. the incident has sparked numerous protests. and today an angry mob torched the soccer federation headquarters and a police club. so far, three people have died in clashes. >>> we are hearing from defense secretary chuck hagel about a suicide bombing in afghanistan this morning. [ sirens ] >> at least nine people died in the blast outside the afghan defense ministry in the city of kabul. the taliban says the attack was meant as a warning for hagel, who is visiting afghanistan this weekend. hagel was not hurt, but american facilities in the area were locked down as precaution. >> i wasn't sure what it was. i was in a briefing. it's like we're in a war zone. >> hagel is expected to meet with afghan president hamid karzai during his visit. kar

i was just talking to people at usg wahlberg business is better. now this is from a very low base.t's not galloping back but it's moving back. and what they see from real estate brokerage firms is houses are moving. so we're -- we continue to have a slow recovery that started in the fall of 2009. it's 3.5 years old now. it continues to be slow, and certain parts come on faster than others. it hasn't taken off but it hasn't stopped here. >> we spoke with sam zell recently and talked to him. he's in an interesting perspective becausize been putting money into rental properties and thinks that in some ways this resurgence in housing may have been overplayed by the media a bit. he still believes rentals are a great place to be for some time to come, and he is investing in that manner. is there a way that both sides of this coin can be correct? >> they can both be correct, yeah. you have had the situation where five years ago, 69% of people were in single-family homes and that's dropped down to 65%. a fraction, i believe. so, the rental properties have gotten a disproportionate amount o