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First female vice president. leaving in 1999 to become ceo of hughlet package. no other woman ever rose to such heights in business. >> we are not losing revenue as a result of this merger. >> she oversaw the megapurchase of compact. it led her to make this claim. >> we doubled the size of the company. we quadrupled the cash flow. we tripled the rate of innovation. >> reporter: hp went into a tail spin, laying off 30,000 workers. in 2005, fiorina was fired. fiorina calls him a clintonite. double...

Places. >> you ran up mountains of debt as well as losses using other peoples money, and you were forced to file for bankruptcy not once -- >> i never filed for bankruptcy. >> -- not twice, four times. a record four times. why should we trust you to manage the finances of this nation any differently than you managed the finances of your casinos? >> reporter: for foes, her most glaring weakness lies in two letters, h.p. fiorina made big headlines when named the first female ceo at that tech giant...

The went out there more ceos than i went through tubes of lipstick jeering thats like sake the votes of a state are wrong when they decide they dont like the leadership of an executive. >> she has a point that at hat time, that merger that became controversial was right after 9/11 and things were falling apart for the economy, for technology stocks, nasdaq began its swoon, and she cant be blamed for all of that? im not sake shing without error but are you saying, congratulatingy, if she distingu...

About hp. carly fiorina was the head of the tech company in 1999. no woman had ever risen to such heights in american business. >> we are not losing revenue as a result of this merger. >> reporter: but the headlines were even bigger when she oversaw the mega purchase of compaq and hp went into a tailspin, losing half of its stock value, laying off 30,000 workers. >> the company is a disaster and continues to be a disaster. they still havent recovered. >> reporter: by 2005, fiorina was fired. alt...

Stocks fell a bit yesterday. despite strong earnings from goldman and citigroup. the dow dropped six points. still really 1% shy from record highs. u.s. crude oil above $56 a barrel. prices have been plummeting since last summer. now has bounced a bit. you know the oil services company is laying off 11,000 people. it has cut 9,000 jobs in january. work force is 15% less than last summer. walmart unexpectedly laying off 2,200 employees. why? to fix plumbing issues. they are temporarily closing fi...

Arena, but it wont work economically. >> well definitely hear about that tomorrow night. in the meantime, store closings expected to hit. jcpenney laying off 22,000 employees. macys laying off 2500 workers. sears looking at 300 store closures since 2010. is this a sign of the times, simon? obviously the president not going to be talking about those store closures tomorrow night. >> yeah, it is absolutely a sign of the times. these stores, particularly macys and jcpenney, cater to a solid middle ...

Lauren simonetti has the story. >> job cuts following the data breech at target. laying off 475 workers across this operation. it employs 360,000 in 1900 stores. the problem weak sales after the massive data breech when they took 40 million payment numbers and 40 million shoppers personal information. target says before all of that sales were good and then they turned materially weaker. a warning to google chrome users out there the search giant can listen in on your conversations. it all has to...

Said was either misinterpreted or taken out of context or else he got cold feet, i dont know. but there was a dispute about why cleveland is laying off. >> that may be true. the broader point, its not just them. if you look at other health care providers across the country, hospitals. and then just employers generally, you are seeing a mad rush for the doors and anybody who can get a special deal is trying to get one. we think it ought to be delayed not just for a select few the president believ...

Said was either misinterpreted or taken out of context or else he got cold feet, i dont know. but there was a dispute about why cleveland is laying off. >> that may be true. the broader point, its not just them. if you look at other health care providers across the country, hospitals. and then just employers generally, you are seeing a mad rush for the doors and anybody who can get a special deal is trying to get one. we think it ought to be delayed not just for a select few the president believ...

23,300 people at wells fargo, bank of america, jpmorgan and citigroup. the fact they moved so rapidly to lay off workers tells me something else is going on. >> neil: what is it? >> i think theyre previewing a higher mortgage rate. next year. in fact thats what were seeing in the action. >> neil: how high? >> it could be go back to what it was last decade. 2010, we saw 5, 5.5, 6 percent. remember 9, 10% in the 90s? 4, 5, is historically low but we did see applications for mortgages hit 2008 leve...