Company is moving in. See which one it is and what exactly theyre going to do. All right. Folks, the economic Ripple Effect from the west coast, port congestion farreaching. One company that happens to be a supplier for ikea has been hit particularly hard and jane wells has been following this story from the very beginning, and shes live in l. A. Hi jane. Hey, guys. Listen up the talks are happening right now, and while reports this morning that a deal was reached last night proved untrue, we may be close. Like really los. But weve heard that before. For Companies Like master craft furniture, that has been a delay so significant up in portland it had to lay off its entire work force. 180 people for two and a half weeks in january. Its concerned its biggest customer, ikea will become impatient. Employee David Underwood doesnt make dockworker wages and doesnt have much patience left. Theres little sympathy for the american people, i would think, on this thinging with somebody making that amount of money and the rest of us living paycheck to paycheck and happy to have our jobs. Even if there is a deal today, its going to take a long time to work through. Piper jaffray says most at risk are shoe Companies Like croc steve madden toy Companies Like mattel and hasbro. Also Companies Like rubbermade and jarden which sells outdoor equipment, and two restaurant chains, not sure why, maybe its supplies ignite with johns macaroni grill and cheesecake factory. Potential beneficiary ross stores because once all that apparel finally gets off the docks there may be a glut, and retailers may not need all of it anymore, but for ross. Tjx too. Jane you know also the west coast, this is an orange farmers worst nightmare. California citrus crop getting squeezed by not one, not two, but three threats all at the same time. This past winter has been warmer than usual in california. Now, that actually might be good news for the locals but some bad news for citrus growers. Meantime, were looking at some warmer temperatures taking place in florida, and then the cold snap taking place in florida, mind you. May freeze the crop before it even grows. Thats all bad timing with the west coast. Port standoff taking place, as jane was pointing out. Also thousands of those oranges ripening and sitting around rotting at the ports and to top that off the sixyear drought in florida placing even more pressure when it comes to citrus crops. Whats at stake . Well, the triple whammy placing 300 million worth of orange exports on the line and orange well, theyre down 10 through the last month, and theres some good reasons behind that. Were talking about it all with joel nelson now, president of California Citrus Mutual which is a trade association for citrus growers. Joel, good to have you on the program. If that is the case why do we have these citrus futures then down 10 in the past month . Well, the juice market is primarily affected by brazil first, and theyve got a pretty good size crop, and as a result that amount is going to affect the futures. The florida crop which has been downgraded over a period of years because of the bug and disease issues theyre facing has stabilized this season. Their crop is coming in as it did last year. I think that all manifested itself into some lower futures. Fortunately for our industry were primarily fresh oriented until you begin to look at the port situation, and thats hammering our ability to make some revenue for the growers this year. And also china having some impact as well given that this week we just welcomed in the year of the sheep, ram, goat, whatever you want to call it, and usually chinese new were is a bigtime where they import a lot of their california oranges, but not the case this year. Thats correct. You know acorked to usda we supply about 85 of the nations fresh citrus crop on an annual basis so were proud of that. 25 of that crop goes overseas to the asian theater, and that is averaged about 500 million a year for about the last three years. Now weve approached the peak time where we would be exporting to all those asian countries, including australia, as a matter of fact, and now that fruit is sitting on the dock. Its spoiled. It hasnt been able to arrive with any sort of quality, and as a result, china is now told us that theyre shutting the door down on our industry. Its becoming quite chaotic. Up until now were about 35 million into the hole. This week we would normally be shipping a million cartons of fruit overseas. Were shipping 400,000 cartons at alled. Its about a 15 million hit every week that goes by. This says to me that maybe o. J. Futures will be going up in the next while or so, and theyre not going to stay at these depressed levels. Well, i think in our particular case the situation for the growers, its going to be a lost export season because when this port strike gets settled, its going to take them several weeks, if not months to clear out the clutter that exists at all the ports that we do business with and thats primarily oakland, los angeles, and long beach. By the time they clear out the clutter, well be out of the through with the season, and as a result, were going to lose a tremendous amount of revenue. That affects the revenue on each grower. That affects employment. That affects the opportunity for the consumers to have a quality crop on an annual basis. Okay. Joel, thank you so much for your time. Have a great weekend. Joel nelson there of the California Citrus Mutual group. Fascinating conversation. It really shows you how that port strike is hitting home in a very real way. All right. Lets stay out west and talk a little football shall we . San Diego Chargers and the Oakland Raiders may set aside their intradivisional rivalry as they announce they will now pursue a joint shared stadium just outside of l. A. Erin is a Sports Reporter with forbes. Darren welcome. Good to have you with us. Whats going on here . Two teams, not l. A. Based in any way, though both have played there before sharing a stadium in the same division . Right. They both they released this joint release last night. What i call a beautiful display of bullet points. Essentially what it does is it says while theyre looking for a solution within their home markets, theyre going to look at the potential, theyre conducting due diligence, on what could be a 1. 7 billion construction in l. A. That they would share. What is this secret solution that theyre talking about . Obviously its public funding. Thats what both san diego and oakland want. Theyre looking at what other teams like the indianapolis colts, the Tampa Bay Buccaneers have done in the past. Its basically saying were looking at these other opportunities in other markets to try to get those local markets where they currently are to pump out those funds that they desperately need. Yeah. Then theres a third player in this whole unfolding drama, and that is the st. Louis formerly the Los Angeles Rams owned by sam who has announced, i gather that he owns some land and he is ready to build if he doesnt get a better deal down at what used to be called the twa dome in st. Louis. That is correct. He may number the best position out of all three owners. He has the land in l. A. He seems to be very serious about moving the team but you look at the chargers. You look at the raiders. You look at the rams. These are three teams that are at the lowest level and the top or bottom ten of nfl teams when it comes to revenue. Theyre probably looking at some of these teams in l. A. Like the clippers, like the dodgers that have received value wags in excess of 2 billion, and the thing about the fact if we relocate, even if we pay this relocation fee thats around 250 million, we can increase the value of our teams to an exorbitant level to justify that relocation. All right. Thanks very much. Sflo breaking news on Weekly Oil Rig counts. The number of oil Investor Watch that very closely, and so does dominik. Baker hoourz is out with the weekly rig counts. According to them u. S. Oil and gas rig counts total to climb by the h. I. s rig count for canada in terms of oil and gas total rigs down 22 to 360. Now, well break down the u. S. Numbers a little bit more granule arly here. Oil rigs down 37 to 1,019 rigs. Gas rigs down 11 to 289. Miscellaneous rigs unchanged. Also, to give you the yearoveryear comparison, the u. S. Rig count is down 461 rigs from the same time last year when it was 1,771. Oil rigs are down 406. Gas rigs down 53. The trends do continue, and right now were watching crude Oil Prices Near their lows of the day. Susan, again, markets seem to be moving again on this Baker Hughes Oil and gas rig count. The well e weekly numbers out today. The headline u. S. Rigs down 48 to 1,310. The canada rig count down 22 to 360. Back to you. More declines from the record retreat last week. Okay, dom. Thank you for that. Lets talk about m a. A big telecom deal announced today between a u. S. Company and the cuban government. One of the first that weve seen since the white house announced its new policy for cuba in december last year allowing greater diplomatic relations and business deals they think will help out the cuban people. Lets bring in chief International CorrespondentMichelle Caruso cabrera here with the details on this deal. Its called idt. Its based in newark new jersey. They along with the cuban government saying they have struck a deal that will make idt the First American company to revive direct interconnection to cuba. Both say the company has applied to the federal communications commission. The s. E. C. For approval and is subject to review. The cubans say they expect the approval to happen. If the deal does get approved it will be the first time in decades that there is direct telephony between the island and the u. S. If you dial cuba from the u. S. Its routed a third Party Outside of the United States which will ultimately make the final connection. Now idt, if the deal gets approved, will be one of the companies vying for the right to finish that call and hence, get the revenue associated with it. Other u. S. Carriers could is apply for similar approval to compete in that space as well. The company declined to comment beyond what is in the press release. In that ceo of the company says that this move should provide u. S. Customers who want to dial cuba a better price. So more little by little we start to see changes as a result. Thats interesting. All right. Michelle, thank you so much for that. Now, lets talk about real estate and melissa in San Francisco is trying Something Different to try to tract buyers. Josh lipton at story live from San Francisco. Josh. Well im here in this one bedroom in San Francisco with its wall of windows, its updated kitchen, great views, but its the perk that the seller is throwing in thats really making some attention. Were going to talk about it when power lunch continues. Ameriprise asked people a simple question can you keep your lifestyle in retirement . I dont want to think about the alternative. I dont even know how to answer that. I mean, no one knows how long their money is going to last. I try not to worry but you worry. What happens when your paychecks stop . Because everyone has retirement questions. Ameriprise created the exclusive confident retirement approach. To get the real answers you need. Start building your confident retirement today. Welcome back to power lunch. Check out shares of boeing. One of the best performing stocks the best performing component in the dow industrial average. A. J. Analysts are upgrading the shares saying the company is on its way to trading at 200 per share. Analysts saying the companys healthy visibility and robust order backlog will make it a must own name in 2015. A midsize european company. In this past year brookshire is up about 30 . Auction Companies Said to be facing some pressure from markato capital. The hedge fund now asking sothebys for a new rfo and an immediate repurchase of around 500 million worth of its shares. They own about 9. 5 of sothebys, and the Parent Company of ann taylor and loft stores jumping on board. Said its working with jp morguon on an possible sales. Lets go to the share price and jumping on the back of this news. Trying something very different. 900 square sfeet. The asking price, tyler, 800,000. Theres an issue with this unit and its a big one in San Francisco. No parking space. The listing agent and the seller theshgs came up with a very San Francisco solution. Theyre going to offer the buyer one full year of free rides with uber. Now, that perk is capped at 5,000 but it is attracting a lot of attention. Its been exciting. Tons of action on the unit. Not just from buyers but other sellers who are interested to find out more about how we can creatively innovate and do new marketing for their properties. Now obviously, the seller here is trying to distinguish the unit in what is a hot Market Driven by tech money, by demand from overseas investors. In fact, the median price of a Single Family home now in San Francisco is 900,000. That is the second highest in the country. Guys back to you. All right. Josh, ill pick it up. Lets go inside nasdaqs secret surveillance room. This is where fraud lent trading activity is detected. No Television Reporter has been allowed to step foot inside that is up until today. Our eamon javers joins us next. When the moments spontaneous, why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. Theres a gap out there. Thats keeping you from the healthcare you deserve. At humana, we believe the gap will close when healthcare gets simpler. When frustration and paperwork decrease. When grandparents get to live at home instead of in a home. So lets do it. Lets simplify healthcare. Lets close the gap between people and care. Lets check up shares of caterpillar. The bluechip announcing earlier today its going to keep its headquarters in illinois. Ceo doug overhelmer saying it will expand work spaces to its current headquarters in that state in pea or wra. Another big cap stock to watch. All right dom. Thank you so much. Lets get to the bond market. Rick santelli is tracking the action at the cme. Rick. Well ill till its an exciting day in so many markets. If you look at tenyear yields yeah, theyre down a bit. Maybe most important is where they broke down from. They broke down from basically unchanged on the year 216, 217. Areas you see on the yeartodate chart. Whats the fund today . What are traders looking at . The weekend is coming up. The euro versus dollar. The conversation is you dont really believe greece is going to be out, and they dont. Which means as you look at the intraday chart, you see it keeps starting to rally. Theyre getting close and changing the words and debating. In the end the ecb isnt very good at parenting. Theyre going to give in. Thats what traders think. Its going to be hugely important for the euro. Why . Because to the up side as it most likely will it could break out of this range, and that is significant. Back to you. Thank you very much. We all know that the Nasdaq Market side and the heart of times square, you probably have seen it on fast money and elsewhere. They spot potential fraud. Eamon javers got an all access pass. What happens when they find it . Yeah hey, tyler. Were not in times square at all. Were actually in rockville, maryland and this is the Nasdaq Market watch site. Its a secure facility where theyre watching for fraud as these analysts here are looking at trades in realtime as they come up and theyre getting about four billion messages day of coming through their system, and theyre using an algarhythm that has 35,000 different perimeters to scan through all that trade activity and look for fraud lent or suspicious activity. They say that these analysts here are getting live alerts within about two seconds of the trade if its suspicious and last year alone, tyler, they say they spotted 766 incidents that were suspicious enough that they referred them here from this facility over to federal regulators for further investigation, and a lot of those can end up as fines or criminal activity on down the pipeline. It all starts here. Now, one of the questions they notice the nasdaq is monitoring nasdaq. A lot of folks are asking what about the dark i asked nasdaqs ed knight about that and he said essentially thats one area where they still have a bit of a blind spot. Take a listen. But right now it is very lightly regulated, and its subject to potential abuse. We think that can be improved. We think more of that trading can be handled with tighter regulation. All the data in these computers. One thing about the twitter pages, interesting to me anyway, theyre watching how the news breaks on twitter, and then seeing where the trading starts and in realtime to see if the trading starts before the news broke or if it starts after. If it starts before then they can go in and do reverse the tape and see exactly who started trading. They cant see the names of the peop