Oil takes another tumble. Today the price of oil sank below 30 a barrel and was trading at the lowest level since 2003. Today walmart announced plans to close 260 stores worldwide, including 154 here in the united states. Ktvu fox 2s tom vicar live. One of the Bay Area Stores set to close . Reporter yeah, this is the one at oakland right near the oakland airport. You see it on the 880. One of their very big stores. The other one closing in the bay area is the one on monterey highway in san jose. This has to be put in perspective. Here are the number. 154 u. S. Stores are going to close. 115 more worldwide, mostly in brazil. The bay area is affected by the closure of two stores and california has nine stores closed. In a normal situation, since we represent 15 of the population, that would be 22. But our economy is so good compared to the rest of the nation, we are losing nine stores in all of the state. Of the 154 u. S. Stores that are closing, 102 express stores are closing. They were started in 2011, but that didnt work out for them. Now the perspective. Worldwide, walmart has 11,600 stores. 5300 here in the u. S. A. While it is true they are going to close some 269 stores, the fact is it also has plans this year alone to open up 300 stores in the u. S. And around the world. The reality in the situation is that this is an alignment. Unfortunately, for the two stores here its going to be curtains and, in fact, for the one in oakland, curtains in just a couple of days. Reporting live, tom vicar. Tom, the store there in oakland, its a huge store. Its not one of those smaller express stores. I mean, this is what we would consider a traditional walmart store, right . Reporter yeah. This is a super store. This is a very, very large store. Here is usually what the calculations in these closures are. They figure out how many dollars per square foot they make per month. If the store falls below a certain level, they eliminate the store. Thats what they did. They looked at all of their stores. They looked particularly at the express stores. These two stores in the bay area probably fell below that particular return on investment, and that could be because of rents or poor sales. And the bottom line is the stores have to go. That is the way it is in Big Box Retail these days. You think about the Retail Police are looking for a truck driver who killed a cyclist this morning. Janine de la vega tells us what investigators say happened and she has a description of the truck involved. Reporter this created quite a mess for people who live and work here in downtown san jose. Thats because the accident happened on santa clara street, which is a main thoroughfare. The victim was man riding his bike. Police say just before five this morning a pickup truck traveling on santa clara street near delmas jumped a curb and hit the man. Witnesses told officers the driver backed up and hit the cyclist a second time. Police are not sure if that was intentional or if the driver was trying to get away. The cyclist was unconscious when paramedics arrived and died at the scene. Police are looking for a late 80s, or 90s white truck. It has junk in the truck bed. There is some front end damage. Paint may have been scraped off of it and it was last seen traveling southbound on delmas. He did veer all the way across opposing lanes of traffic, jump up on the sidewalk. You would think that there would be some kind of drugs or alcohol involved or potentially fell asleep at the wheel. We just dont until we contact that person. Reporter police are checking Surveillance Video from the area to see if they can get more information about that pickup truck. Their investigation impacted the morning commute because santa clara was shut down from 87 to autumn street for hours, and drivers had to detour around the area. The victim hasnt been officially identified, but police tell us that he was a 60yearold man and appeared to have been a transient. Reporting from san jose, janine de la vega, ktvu fox 2 news. This afternoon San Leandro Police are searching for whoever opened fire in a parking lot of bayfair mall last night. No one was hurt. It happened after 6 30 last night near the Old Navy Store there. Shortly after the Gunfire Police detained two men inside the mall and they were being questioned about their involvement. Witnesses described this as a shootout between people in a car and two men who were walking. Police say they are trying to figure out who exactly did the shooting. We dont even know if both parties shot at one another, or just one group shot at the other. Those are the things we are gonna look for when we kinda try to dissect the security video that we can hopefully get when we are debriefing the witnesses who saw this tonight. Those are the pertinent questions we will ask them. Police found a car nearby that was hit by bullets. Detectives are now going over Surveillance Video from the mall, and they are interviewing shoppers who saw the shooting. Police have not announced any arrests. Now to developing news from hawaii in the search for 12 people still missing after two marine helicopters collided overnight near oahu. Hawaiian firefighters are joining the navy, coast guard, air force and marines. Debris has been spotted two miles off the north shore of oahu. The search is hampered by rough seas. The marines say there were six crew members on board each of the helicopters which were on a training mission. Here in the bay area the work week is rounding out with more rain. Lets check in meteorologist rosmary orozco for when to expect that rain and whats in store for the long Holiday Weekend. Its going to be a wet Holiday Weekend, gasia. The first system right offshore. Getting a break this afternoon. The rain coming in by tonight. Take a look at stormtracker 2. You can see clouds there on the increase. We woke up with mostly clear skies, a little bit of patchy fog, and we will be partly cloudy turning mostly cloudy as we get into the second half of your afternoon. Among back a little bit, some rain offer the eureka coastline. Farther back there is that system that will bring us rain tonight into saturday. Looks like scattered showers will be possible. Stopping it for you here right about 8 00, looks like the evening drive will be mainly dry. But by 7, 8 00 it begins to move ashore. Rolling through friday evening, if you have plans, bring along the umbrella. Friday night at 10 showers. We wake up saturday morning with more rain in the forecast. This is going to be system number one, and its going to linger into saturday. System independent two arrives on sunday. This looks to be stronger. Looking at rain on monday, perhaps even into tuesday. Several systems coming our way. Rain here means snow in the sierra. There are advisories in place. We will talk more about that and detail your weekend for you coming up in just a little bit. Thank you, rosemary. This storm left several inches of fresh snow in the sierra. Brian hickey from blue canyon where ski resorts are hoping the combination of snow and the three day weekend brings lots of business. Reporter the storm has passed and left behind several inches of feet at blue canyon. Caltrans working to keep the roads clear for drivers heading up for the long Holiday Weekend. They expect a lot of investigativers coming up here and a lot of snow. Many more storms on the way. If you are coming up here, be ready for the Winter Driving conditions. Today the storm has passed. The skies are blue. Should be a great to ski and snowboard. Plan your exit from the mountains. With the storms coming in through the weekend, in fact through the better part of next week, make sure that you are prepared to get off the hill as well with all the other holiday travelers. Again three to four inches on the ground. Some of the ski resorts reporting eight to nine inches that fell last night. Some forecasts calling for many feet of snow by next week. So all great news for the sierra businesses and for the drought situation. But again be ready for Winter Travel with the chains or snow tires with fourwheel drive. Remember the speed limit is 30 Miles Per Hour in the chain area. At blue canyon, brian hickey, ktvu fox 2 news. Our ktvu weather team is here for you with the latest conditions up in the sierra and back at home in the bay area. We hope you follow them on twitter, facebook, instagram and download our ktvu weather app. Well, now that the nfl is rejected the raiders bid to move to southern california, the Oakland Coliseum authority is talking about where the team will be playing next season. They held a closed door session this morning at the oracle arena to discuss a lease extension for 2016. The raiders pay less than 1 million a year in rent under the lease which expires at the end of february. Local officials expect the raiders to stay in oakland through next seen while talks continue on a new stadium. The man charged with killing Hayward PoliceSergeant Scott lunger is expected to appear in court this afternoon. Mark estrada has been charged with murder. So far he has not entered a plea. The sergeant was shot and killed during an Early Morning traffic stop july 22. Police say estrada suffered a gunshot wound when a second hayward officer returned fire. Still ahead how close the top two Democratic Candidates are ahead of the caucuses. And how the republican candidates fared last night in south carolina. And music fans in San Francisco shocked by the closure of a popular record store there. President obama just wrapped up an interview which was streamed live on youtube. It was conducted from the east room of the white house by three popular youtube personalities. President obama answered questions on a wide range of topics, including gun control, minimum wage, and terrorism. Many of his answers were along the themes he talked about in his state of the Union Address this week. This is the president s second time participating in a live youtube interview. A new wrinkle in the race for the white house. A Texas Attorney has filed a lawsuit challenging whether senator ted cruz, who was born in canada, is eligible to run. The issue provided big drama in last nights debate in south carolina. Reporter republican president ial hopefuls take on each other in the first debate of the year. Donald trump bringing up the resilience of new yorkers following 9 11 in response to senator ted cruzs recent remarks about new york values. Trump also admitting he started bringing up cruzs canadian birth after he posed a bigger threat. Lawyers said because he wasnt born on the land he cannot run for president. He had said back in september he looked into it, his lawyers looked into it. There was no issue at all. Reporter senator marco rubio also taking on cruz, setting his sights on his Senate Colleagues record. He campaigns as a consistent conservative and says he is the only one on the stage. That is not his record r rubio and Chris Christie facing off as well as he accused the new jersey governor of having liberal values. The things marco said were absolutely untrue. My perspective was just let people know they are untrue and dont, you know, honor it with any other response beyond that. Reporter jeb bush gaining some postdebate support with an endorsement from former rival lindsey graham. Last night he demonstrated somebody who, in my view, is ready on day one to be commander in chief. Reporter the field now looking to iowa and the next debate and the first caucuses in the nation 17 days from now. In north charleston, caroline shively, fox news. The polls are tightening up for the dix ahead of the Iowa Caucuses february 1. A new Des Moines Register poll Shows Hillary clinton at 42 and Bernie Sanders at 40 . Clinton and sanders are currently campaigning in new hampshire. Their primary there is tuesday, february 9. And this sunday the democratic president ial candidates are set to face off. Be sure to stay with ktvu as we get close for the next debate and the first votes on the air and online. We will keep you posted this election year. The latest contract talks between city college of San Francisco and a Teachers Union have broken down. This was the scene this morning at the colleges ocean avenue campus. The impasse means the negotiations will likely go through the Public Employment relations board. The union is upset about pay cuts and the colleges plans to reduce the number of classes being offered. A Palo Alto Elementary School teacher is on unpaid leave accused of molesting a girl for three years. 34yearold mike arrow was booked on wednesday on four charges, including continuous sexual abuse of a child. He currently teaches fourth and fifth gradeat ohlone elementary. He is accused of sexually assaulting a young girl from 2002 to 2005 when he worked as an Elementary School child care provider. Ktvu has learned the city of oakland is taking the extraordinary step of getting a temporary restraining order against a man who applied to be a firefighter. Pictures here of steven eldridge. He was given an offer of employment. That was rescinded after it was revealed he is a registered sex offender because of a 1991 rape conviction. The city took out a restraining order after eldridge began stalking firefighters. This was taken by a firefighter outside a fire station. According to court records, Officials Say eldridge has engaged in increasingly erratic threatening and violent behavior at various Fire Department personnel. The individual is very studentious and composed at times, but then other instances he is erratic and aldered if you will. Ranger and file firefighters say this cast a negative light on the departments hiring process. Department Officials Say background checks arent done until later on in the process because it would be too expensive to check everyone who applies. San francisco has fired a subcontractor following a series of gas line ruptures in the haightashbury neighborhood. An investigators found workers hit gas five times. They found the workers broke safety rules when a foreman was lowered down a manhole and two others held on to his less. Synergy claims pg es underground maps are inaccurate. The utility says their maps are fine. A popular San Francisco music store is closed without any warning. Yesterday many music fans were surprised to learn about the sudden closure of the rasputin store. A message about the closure was left on the stores voicemail but no explanation was offered. Rasputin is the largest chain of Record Stores in the bay area and there is still a San Francisco store on haight street. Back now to bay area weather. I think youll be getting home today okay, but rosemary, the weekend looks wet, doesnt it . Yeah. The first system fairly weak. The second one stronger. Lets look whats happening at this hour. If you enjoy the sunshine, there it is. Not going to lost a whole lot longer. We have got afternoon clouds and tonight here comes the rain once again. Right now santa rosa 52 degrees. San francisco 57. Oakland 56. Livermore at 57. San jose youre hold agent 60 for holding at 60. Here is a look at stormtracker. No rain just yet. Notice the increase in the clouds. The second part of the day mostly cloudy. The system offshore, bringing a little bit of rain off the coastline of eureka. We will begin to see this by this evening. We are looking at anywhere from a quarter inch to halfinch, maybe an inch of rain with this system. I also showed you this graphic. I want to go back to it temporarily and show you not only we are looking at this system, but the second looks to be stronger sunday, monday, perhaps tuesday. When all is said and done the wetter spots could pick up several inches of rain over the next several days. As we get into tonight, we have got showers that develop. Saturday we will have scattered showers lasting through the day. Maybe a few peaks of sunshine. We will be partly to mostly cloudy. Here we are picking it up at this hour. We are mostly grey as we get into the second half of the day. That rain line well to the north of us at 5 00. So we begin the evening drive dry. By 7 00 it does begin to move in over portions of the north bay, along the coast, maybe the peninsula. Its gonna be really light stuff. It will increase in the overnight hours. Scattered showers while we sleep. Saturday morning scattered showers in the forecast for you here. Those look to linger the entire day. We have snow in the sierra, although is going to be a bit of a warmer storm. Not looking at snow levels very low, but always a good idea to have the snow tires and chains if you are going to the sierra for the weekend. Rainfall amounts quarter inch to an inch. Looks like that inch may be over the coastal range, maybe in the hills. Santa rosa could pick up halfinch to threequarters. In the afternoon for today temperatures will range in the upper 50s to low 60s. You have 61 san jose. 57 degrees expected for San Francisco. Right about where were at right now. 60 degrees in oakland. The extended forecast with your bay area weekend always in view, so again weve got that rain moving in tonight. Well have showers in store for saturday afternoon. By sunday morning the Second System rolls in. Looks to be stronger. We have rain on monday and again rain here means snow in the sierra. Its good news. If you have outdoor plans, make sure you keep it tuned to ktvu because we will be tracking it for you. Everybody wants to go up skiing in the sierra. You are telling people to come home sunday . This storm looks like its gonna move in early. Speeding up a little . Yes. It could change. We are still days out. Make sure you stay tuned because from day to day those storms slow down, speed up. We will keep you tuned in on what to expect. You could save us hours in the car on the drive home. Thank you, rosemary. It is a long Holiday Weekend for many and there is lots to do around the bay area. If you are not heading up to the snow how you can try new restaurants for a new deal or gear up for super bowl 50. What the sea lions have to do with it all when we come back. Taking a like look at the dow as the markets are tanking. In one analysts words, the dow is down below the 16,000 mark, losing almost 400 points right now. S p down more than 2 . Nasdaq down almost 3 . A lot of people say its because oil is below 30 a barrel. National parks and foresters are free this coming monday for the Martin Luther king jr. Holiday. As rosmary orozco reports on this edition of weekend watch, there is a lot to do around the bay area. Bay area foodies, now is your chance to experience the east bay culinary scene. Oakland Restaurant Week is underway for the next several days. Top oakland restaurants offer a special lunch and or dinner men use. It goes through january 24. This weekend marks the 26th anniversary of the sea lions arrival at the pier. As more arrive, the city of San Francisco welcomed them with permanent platforms. They are loud, smelly, but fun to watch. And this Holiday Weekend is the perfect time to celebrate the legacy of dr. Martin luther king jr. On monday, caltrain will operate a celebration train. It begins in san jose and ends in San Francisco. From there a march and parade will begin at 11 00 a. M. From caltrain to the gardens to commemorate the selma to montgomery march. A festival with live music and a childrens discovery hunt. Also on monday, a pro football hall of fame exhibit will be on display in the south bay in celebration of super bowl 50, slayers museum of art will be home to gridiron glory. That exhibit is free. In sports, warriors on the roads. Sharks host the stars. I am rosmary orozco, and that is your weekend watch. Thank you for making ktvu your choice for news. Always here for you at ktvu. Com, facebook, and twitter. We are keeping an eye on the stocks. Thats one of the big stories we will have for you when you join us on the 4. 4. Today on tmz i got to tell you, im surprised at it but Straight Outta Compton didnt get anything for best picture. Are you disappointed that you guys got snubbed . Not worried about it. Its a travesty by a racial institution. Seriously, they screwed over Straight Outta Compton. Unbelievable. Its insulting it wasnt p did you see it . No. [laughter] nick carter was arrested in key west, florida. Apparently was extremely wasted. This plays out exactly like everyone who has maybe not done thp but you know friends who have done this. He goes outside, rips off his shirt, goes up to the bouncer