Tracy good afternoon. I am tracy byrnes. Ashley and i am ashley webster. Congress off this week. Tracy talk about sticker shock at the pump. Gas prices climbing 432 straight days. I have cried every 32 of those days. Ashley immigration outrage. Working on a bipartisan answer. They are getting riled up. So is lou dobbs. He will be weighing in. Tracy if you have a job, you have felt the tax hike. Ashley president s day. Good afternoon to you. President s day is what matters sales and auto sales. The u. S. Holiday resulted in low trading volume. The market reacting. Risks to the euro zones recovery. Speaking of europe, by the way, is the u. S. Going the way of greece . Check out the front cover of the latest addition. We follow president obamas plan, the u. S. Will be in worse shape than greece is today. It will take 25 years, maybe sooner. The federal debt is the problem. We have to make serious spending cuts now. We could be like greece. Interesting. And frightening. Tracy nobody is cutting anything any time soon. What do they drink in greece . Ashley tracy okay. Get that out. Revealing Illegal Immigrants would be allowed to come and become legal permanent residents. Marco rubio had this to say. It would be dead on arrival in congress, leaving us with unsecured orders and a broken Legal Immigration system for years to come. No surprise. Lou dobbs is here and has something to say about this. Lou i am not riled up, by the way, at all. This is entirely to be expected. The bipartisan plan, which they almost have complete. They have not been paying attention for the past four and a half years. This is a partisan issue. The republicans clamoring as best they are darling Little Hearts can do to catch up. They are not doing so. I am not using it as a majority. The only way in which they can possibly keep up with the democrats in gaining the votes of hispanic americans, sensibly, at least, is to give away more than the democrats. The republicans, however, run a huge risk. That is that they will all spend so much of their base that they cannot possibly make up for that within 11 billion group of Illegal Immigrants or 40 million hispanic americans in this country. Ashley what do the republicans do . They are caught literally between a rock and a hard place. That is true if you do not know who you are, what you stand for and what you are doing. Carl rove was challenged for his intrusion into the republican party. Right now, there is no energy in the republican party. The establishment, itself, is inundated. They have plenty of money, but they have no support. No support is a strong phrase, but very little. Energizing a relationship between a republican party, which i agreed with mitt romney on only one thing that he said that that is that it is the natural home of hispanic americans. Putting up 25 bottles of water, per se. If you have skeletons in your closet, make them dance. He was taking this faux pas of the moment. I think he is there. Interestingly, there is another hispanic american, freshman senator from texas. Conservative, as is rubio. He is making a strong impact. Two of the generational stars are both hispanic americans, both are making quite a name for themselves. Ashley where does this immigration go . It will go where it does. If i can be that deep and profound. The truth is, the content right now is not set in terms of the national interest. How many people do we want in this country . How many people do we want to bring into this country through and Amnesty Program . Do they really mean 11 million or do they mean 55 million . A lot of americans have been unskilled and uneducated. This many people in one, if you will, one big National Swallow into our demography, people are not talking honestly. Without resolving, by the way, what we will do with a broken Legal Immigration system. Tracy thank you, thank you. Tonight at 7 00 p. M. And 10 00 p. M. Is there. Discussing the confidential and expensive sensitivity training paid by u. S. Taxpayers. Pilgrims were Illegal Immigrants. Lou do you have to see it to believe the nonsense that he pulls off . He has a natural home in the federal government. [ laughter ] tracy thank you, lou. Ashley we have a business alert for you. Boeing is pushing it temporary fix. It is trying to get this dreamliner back into the air. They will try to sell a plan that includes the heavy duty titanium or steel box around the battery cells. They could get to work on a redesign of the lithium ion battery system which is expected to take nine months to put into place. We will see. The sequestration deadline less than two weeks away now. If nothing is done, we could be facing 1. 2 trillion. Also, a loss of 900,000 defense related jobs. It is the unintended consequence of the so cluster that really has my next guest concerned. Tom, thank you. Obviously, those headline numbers, well, you know, disturbing. What are the unintended consequences that worry you been back thanks, ashley, for having me on today. It will be 11 days until we see the unintended consequences. There are a million workers and they pay 90 billion a payroll and those workers, as well as, the companies that they work for, pay 38 billion of taxes. Keeping in mind that there is an average wage that is probably twice the National Average. They have high leverage in the economy. There is going to be an unintended consequence, unfortunately, if there is not a deal made in 11 days. Ashley would you agree that defense spending needs to be reformed . It may be the wrong way to do it, but it seems to be the only way. The suddenness. In the past, abbott there in the past, there was a planned slowdown of an amount of what we are facing here. We have already taken a 12 cut for defense contractors and they are looking at another seven12 again. Ashley how much does this Compromise National Security . Well, clearly, one of the ways that will be cut in and unplanned fashion is to stop paying for discretionary things like Language Interpreters and servicers, as well as, maintenance and operations. That means we will not be able to deploy our forces overseas. Whether it be for military purposes or expeditionary purposes for humanitarian aid. Ashley tom, quickly, they are supposed to give 60 day notices. If these cuts go into effect in 11 days, that will not happen. What is the outcome of that . It is unclear. You are talking about the issue of the notices. They have anywhere from 6090 days. Clearly, we are past the point of no return. Ashley there could be signs involved. Thank you so much for joining us on this president s day. Appreciate it. Thank you. Ashley got to get that sorted out soon. Gas prices climbing 432 straight days. We will tell you what is behind the 0. 43 price jump in the last month. Ashley plus hugo chavez surprising his country and returning home. More about his health care and what he is tweeting to his followers. That is coming up next. At a dry cleaner, we replaced people with a machine. What . Customers didnt like it. So why do banks do it . Hello . Hello . if your bank doesnt let you talk to a real person 24 7, you need an ally. Hello . Ally bank. Your money needs an ally. Its delicious. So now weve turned her toffee into a business. My goal was to take an idea anmake it happen. Im janet long and i formed my Toffee Company through legalzoom. Never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. Go to legalzoom. Com today and make your business dream a reality. At legalzoom. Com we put the law on your side. Tracy we have a news alert for you. Hugo chavez is back in venezuela. He had not been seen or heard from following the cancer operation in december. Reports of fireworks being set off following his return. He won reelection in october, but was unable to attend his swearingin ceremony. They later ruled that he could remain president and be sworn in later. He is currently in a military hospital. He remains attached to christ, and trusting in my nurses and doctors. Onwards to victory forever. We will live and conquer forever. Ashley very inspiring. Tracy honestly, this is the crazy train in full speed. [ laughter ] tracy i mean, come on now. [ laughter ] ashley anyway. Lets talk about gas prices. They are continuing to climb. Sandra smith has the latest in todays trade. Reporter here are the dreaded details. 3. 73 right now a gallon. We were paying 3. 30 just 30 days ago. That is a very quick climb at the pump. Keep in mind, we typically see seasonal rises in gasoline because a lot of the refineries shut down for maintenance in the spring. Oil prices in the yellow. Not off that much this year. Right now they are up about 4 . Up 14 so far this year. This is much bigger than just a High Oil Price problem. Where do we go from here . We are at 3. 73 today. I have been talking with mr. Schork. He says we will not see a top at the pump, as consumers are concerned, until we see it hit 3. 80. We are all seeing smaller paychecks. We are all paying higher taxes. We are still paying a lot to heat our homes. It is cold outside. Ashley it is unusual for it to be this high at this time of year. Tracy big trifecta. Lets try to make some money with charles pena. He is taking us shopping. Charles we share our weekend shopping things. Went to the mall in the stores are pretty crowded. Michael kors. I cannot believe it. It is amazing. The apple store had a pretty good crowd. They had a tensile store. Here is the store that really blew my mind, True Religion. My son wanted a pair of jeans. I said okay. I thought they would cause me a little less than 100. Over 200. I was very shocked at how crowded the store was. He tried on four or five pairs of pants. He never tries any on. I am not sure what is going on. Something has changed. Remember late last year, True Religion consider putting themselves up for sale. I think what it is, current management. This stock may be oversold here. They have one by on it. Last year they were nothing but downgrades. Earlier this year, insiders starting to nibble at the stock. Extraordinarily conservative, in my opinion. They also upped their dividend. They opted to the Fourth Quarter of last year. Showing signs of confidence. True religion, my son took me and he got me. I said from now on, the rest of my year, my man, nothing over 45. Tracy are you still thinking it is a by target pressure marks. Charles they announced to hire some advisors. It jumped 25 . Again, my gut tells me these are the guys caught you know what, it is one thing to be a creative person. The stock looks like it is going to start taking off. Whether or not they will sell higher, we will see. Tracy great to see you. Charles you better appreciate it. He really got me on that one. Tracy it is not like you to cave. Charles payne. We will see you next hour. Payroll tax hike hitting. Our next guest says the impact could be much worse than we all thought. Ashley plus, stocks hovering near multiyear highs. Is it time to play defense . We will tell you how ebay is getting in on the silver and gold action. That is all coming up. Today is gonna be an important day for us. You ready . We wanna be our brothers keeper. Whats number t we wanna do . Bring it up to 90 decatherms. How bout ya, joe . Lets go ahead and bring it online. Attention on site, attention on site. Now starting unit nine. Some of the worlds cleanest gas turbines are now powering some of americas ggest cities. Siemens. Answers. Ashley some breaking news for you. Burger kings twitter site just hacked. Shibani joshi joins us with new details. Shibani you never know what will happen in social media. Now, we are talking about twitter and a possible hack in one bigname companies website. It is for burger king. The site was up and running as of yesterday. You could really tell something went awry about an hour ago. Yesterday it tweeted things like how many bytes does it take you to eat a burger king Chicken Nugget . Then, about an hour ago, things took a slightly different turn with one tweet coming in we got sold to mcdonalds. Even the Companies Description being changed from burger king usa official twitter account, we just got sold to mcdonalds because the water flopped. Also, they have not gone back to me. All news is good news when it comes to burger king. In fact, about an hour ago the companys website had 88,000 followers. Now it is up to 107,000 followers. They do not comment on other websites that are out there. We do not comment on individual accounts for privacy and security reasons. It appears to be down. That happened a few moments ago, as well. Lots of stuff happening. We are open for business and we are covering it all. A lot of people covering this. There you go. There you have it. It is down. We will continue to monitor this story. Hacking, cyber crimes, all this stuff. A huge role in what is happening with social media. Ashley thank you very much, shibani. Tracy i am telling you, it is getting ugly. [ laughter ] tracy if you have any money left to go by those burgers, congratulations. If you have a job right now, you have most certainly felt the payroll tax hike. The latest reading shows sales edging of just a tiny fraction in january. Basically in line with estimates. Our next guest sees a more drastic impact. The payroll tax hike has had an immediate and negative affect on spending. Dan hesse is the ceo of merchant forecast. If you do not get paid weekly, you did not really feel it before these retail Sales Numbers were taken. We have not seen a lot of the damage yet. January, we saw a little bit of a hit. Every week it has gotten more and more concerning. Tracy if you do not have the money, you have to cut back on spending. It is pretty obvious. If you take out all the things that are not discretionary, they they can be as much as 30 . Tracy you brought up the delay in tax refunds. This is a big deal. The 20 some billion dollars that has been delayed, only 1 billion of it came out of january. 18. 5 19 billion in february, results we have not seen it in the capital market. We believe february will really show the impact of that. The money comes later, but we do not think you get it all back. Tracy to these retailers have to adjust prices Going Forward now . How do they adjust for the difference . Every single week since the end of january, we have seen increased promotional levels. It is a form of mild panic right now. As the numbers get worse, we will see more and more promotions. Tracy any of these stores situated to handle this or will this just be across the board . I think the higher and is in better shape. The luxury customers do not seem to be her. The gap and nordstrom seem to be faring through it quite well. Walmart and the dollar stores, the bigger the impact. Tracy the administration did not want to hurt the middle class and the lower income people. That is who is getting hurt the most. It is the exact opposite of what they intended. Tracy do you think it will make up for the difference . I do not think so. Not entirely. The shorter selling window apple price in the spring. The calendar is not at an advantage for the retailers. Yes, the money will come, but we do not think it will come at a point where there is full tracy not going to be good for retailers then. Dan, thank you very much. Thank you. Tracy not very encouraging. Ashley no, it is not. Neither is this. Skyhigh tuition costs and student loan debt. Behind the push for universities to be held accountable. Well tell but the College Scoreboard straight ahead. 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Plus get this document shredder free but only if you act right now. Call the number on your screen now weill cnbc is on tape, were open for business. Tracy president obama in the state of the union speech stressing importance of college criteria for college comparisons. My administration will release a new College Score board that parents and students based on a simple criteria. Where you can get the most bang for your educational buck. Tracy hmmm. A newbie partisan legislation is expected to be reintroduce this week, College Graduates average salaries accessible to the public. The president and ceo of association of private sector colleges and universities and former con man from wisconsin, Steve Gunderson is here with more pn how soon to get the most out of their degree. Steve, im glad youre with us, sir, but really, is this what we want to know . Or