melissa: i'm mel liz is a francis. >> lori: i'm lori i rothman. the consumer watchdog set to unvail new rules. quicken loans, ceo bill emerson joining us in moments with that and where we are in the housing recovery.

melissa: your fault, washington, 70% of americans say the leaders are hurting the nation. you know, 77% of americans saw their taxes go up this month as well, even as calls grow louder for more tax hikes. lori: live tv on your smart phone, and how they plan to be number one. liz claman live in the consumer electronics show in las vegas with the ceo of dish, joe clayton. busy hour. let's get where the markets hour on the floor of the new york stock exchange with nicole watching narcotics as we kick off -- watching the narcotics as we kick off earning season. >> the dough -- dow is to the downside, down 85 points now. boeing down 3%, caterpillar, verizon weighing on the dow jones industrials. awaiting on alcoa to be the first to report the earning season, and, affect, so many names we are watching closely,

however, right now, we are certainly right near the lows of the day, and the nasdaq down after a percent like the s&p 500. i want to take a look at the retailer, sears, in particular, which we tack about the sales over the season. holiday season, which was not as bad as some of the analysts expected, and now there's a change at top, the ceo stepping down because the family medical issues, and now the chairman's going to be stepping into that ceo role. analysts, of course, follow the company closely with the stock down 5% right now. back to you. melissa: any cole, thank you. eia cutting oil demand growth forecast today raising the u.s. crude price estimates about a dollar a barrel for this year for the impact on the price of crude today, going to the pits of the cme, phil flynn, there in the pits, what do you think of the estimates? >> you know, i think it's great news. you know, not only is the iea saying that we're going to be producing more oil, overall, despite the u.s. prices higher,

overall, our gasoline prices are going to be lower. consider this. the price of crude, over a hundred dollars for what seems like an eternity falls next year to $105 a barrel. in 2014, maybe below a hundred dollars a barrel to 99 a barrel. what that means is that we're going to see prices that average 3 # 63 this year fall to 344 this year and maybe 334 next year and could see gasoline prices in many parts of the country below $# a gallon. -- below $3 a gallon. that shows the production in the u.s.. we are going to producing oil on, you know, on pace to do the highest since the 1980s. that is pretty incredible, and it's changing the global energy stage as we stand here now. >> great news definitely. natural gas having swings today. talk about that.

>> i don't know what's swinging more, the natural gas or weather reports. we are going back and forth. what's interesting in this report, natural gas prices, the spot prices, they fell a whopping 31%. that is incredible. the lowest prices for natural gas since 1999. you want an advertisement for shell gas production, that is it, and not only that, that shell gas production is cleaning the environment because we use more natural gas, using less coal, that means less greenhouse e mageses, and they are musing less emissions than they have in many years. great news today. >> wow, thank you so much. great report. >> thank you. >> okay, switching gears here to talk about the housing market. six years after the bubble burst, the consumer protection bureau set to outline a new set of home loan rules, but will the guidelines make the mortgage process transparent or add to confusion? asking someone who has a wealth of experience in the mortgage

industry, bill emerson. great to have you with us. >> great to be here, lori. lori: what a year quicken had. $70 billion in loans closed versus the prior here and record of $30 billion. that is tremendous growth. why were conditions and even confidence among home buyers so improved in that time? >> well, i think there's a variety of reasons for that. number one, rates were low. that's helpful. number two, market participants shifted focus on what they wanted to do for mortgage, and then number three, with our platform, centralized nature of the platform with technology and process, award winning client service, folks needed a place to go so they were calling us and trying to find a way for them to help themselves. lori: $70 billion against $30 billion in loans closed the prior year. is it growing faster than the housing market's recovering? >> yes, no two ways about that. it's stabilized. home prices bottomed out. there's a little bit of an increase. some regional players you are

seeing multiple offers, but it's not -- there's not a great recovery yet. it's good to see where it's balanced out at, but there's long way to go. lori: quicken loans, the fourth largest va loan provider. you say the refinance program or harp is critical in the mortgage landscape. character how the low equity borrowers are fairing. >> they are still primarily focused on an hfa or va mortgage, and the lending criteria there is tight. it's difficult to qualify for a mortgage today if you're a low equity borrower than in the past. as you indicated, they have the qualified mortgage rule here, hopefully tomorrow, and that's probably going to define the lending landscape here the next few years. >> will it loosen credit or tighten further? that's the question. >> tas the question. lori: what do you think? you're the insider. >> i think it's going to be roughly the same, probably narrow credit a little bit, but

roughly the same for what we deal with today, and that's -- given where it was to where it is, it's better news than what we thought. >> what's it mean carding to the cfpb, look to standardize home loans, present exotic loans, the all pay loans, ect., and aim to prevent another subprime crisis. what does that mean? just check the box on the loan you want? >> no. what it means is dodd-frank outlawed the underwriting guidelines that existed that caused problems we had. the rules written now is the ability to pay, and it's going to be -- it's not a check balance. it's what -- there's lending cry criteria that exists based off the new rule, and if we lend within the criteria, it's a qualified mortgage, and you'll be good to go from an ability to repay. if you lend outside of that, you're going to have an increased litigation risk as a lender so folks are going to stay inside the four corners of that new box. lori: what's that mean for you? considering the fact you have

the robo signing settlement letting banks move forward. are you looking at a competitive environment in the new year? >> we'll see. i don't know if it's more competitive. the settlement that took place really has more to do with servicing. i think that, you know, we've seen consolidation, and usually competition comes from having more players in the marketplace. i don't know that it's more competitive and help the consumer from that perspective, as we see, but a lot of this depends. there's the americay landscape that gets clearer here in the next few months. lori: don't have time, but interest rates, near the lows? >> great question. i think so, but pick up a little bit. lori: all right, we'll take it. thank you, appreciate you coming in today. >> my pleasure, thanks. melissa: they are called dark pools, institutions that trade large bonds outside public exchanges, and now regulator want to shine a brighter light on them. adam is breaking the story. what do you have now? >> that's right. this is out of the "wall street journal" report in which

richard, the chief executive at fenra said in 2013 that they are intending to increase its oversight of dark pools. one of the issues and one of the legitimate uses of the dark pool is you can trade huge volumes of stock and avoid price manipulation, but to the downside, those who operate the dark pools have privileged information, and the question is do they protect the information or use it, one, to their own advantage, could front run, could sell information, that would be another form of front running if they used that to their advantage, and, in fact, a firm in boston was cited by the fcc for operating a dark pool and selling information or giving it to an affiliate athey were fined $800,000. since mob -- since anybody watches what happens in the dark pools, this situation can occur. it's a red flag for a lot of people, and now they are saying

they will increase oversight, but no details how they will do that. back to you. melissa: adam, thank you so much. 77% of americans had taxes go up this month, and it could be just the beginning. new calls for higher taxes coming out of washington. lori: plus, fever, muscle aches, and chills just from hearing that; right? flu sufferers can new track down the culprit who got them sick thanks to a new facebook app. melissa: unbelievable. lori: tell you about that one just ahead. ♪

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lori: mic k money with charles payne. this is why you watch; right, folks? retailers as of late? >> post christmas, and some hit good. one of the things about everyone down in retail is it makes expectations low, and this one particular stock, expectations are very, very low. coach. do you still go to coach at all? melissa: no. lori: you did a segment on coach a year ago, and you said the guy stuff is great. melissa: great point. you're right, yoir right. lori: buy your husband something from coach, and i did, and he liked it. melissa: true in our house. >> funny that men store factories working out well for them. they are branching out to the

single stores and opening up all over the place, but this is a stock hit. look at the chart. it's hit, $20 from the 52-week high. risk reward is not bad. i'm in the sure why it's taking off today. some say it's rallying in sympathy with the jew jewelers -- with the jewelers, but i think people are watching for a chance to get in. same sales up 5.5%, and china, up double digits, opened eight stores in china, seven in tiian, 48 in korea, and i like that area of the world: margins steady. from evaluation, it looks good. compare that to cores, peg ratio 105-114. price to sell, three time sales where course trades as six times, trading at -- >> oversold? >> i think it is over sold,

worth looking at here for people interested in it, and it breaks out through 60 be a good shot at 65. >> really? >> yeah, could be a good play for a lot of people down here. just be patient. it's not, you know, i still think michael kors took the lead, but they are coming on good. take a look. if you walk by the mall at the madison pen -- pen inn n -- pennacle. it's a purse there. my wife does not -- she does not go in kors anymore. >> she's a louie gal. >> i feel bad for myself. >> no way charles is retiring any time soon. melissa: let's check the markets, nicole's is on the floor of the new york stock exchange. what are you watching?

>> improvedded ten points since we last talk on the dow jones industrials. retailers, target, in plaf, because target is a name that did a lot of price matching, introduced price matching back in 2009. they continued to do so. they did so throughout the holiday season, but now here's the news. the news is they continue to do so throughout this entire year. matching the price to some of their key competitors including amazon, walmart, toys "r" us, and even themselves so if there is some sale or a better price of something that you bought at target within seven days, bring your receipt in for the price adjustment. it's aggressive, animal -- analysts say, but if you're a consumer, you say, i'm at target, and i know they are right on with the best prices. back to you. lori: nicole, thank you so much. geithner out, and lew? we have been told for weeks now he may be next in line it take

over as treasury secretary, but what's the future have in store for tim geithner? details ahead. melissa: mcdonalds 2*esing chicken wings in the fast food restaurant. stocks down 73 points issue and the dollar is stronger there versus the euro and the pound. we'll be right back. ♪

♪

melissa: 21 minutes past the hour. the fox news minute, border tensions rising after pakistani soldiers killed to indian soldiers in the disputed kashmir region. they are accused of disresulting a cease fire held for over a dead. both countries claim the area, but the area is divided between them. former representative giffords, and her husband launching gun control initiatives seeking to reduce gun violence and prevent mass shootings. today the the go year

anniversary after a gunman killed six and critically injured give fards. opening an investigation into the death of a lottery winner last summer. after new tests determine he died of cyanide poisenning and not natural causes. the family urged medical examiners to re-examine the case. those are the headlines, back now to melissa and lori. melissa: thank you so much. jack lew will likely take over tim geithner as treasury secretary, but what will geithner do as a private cents and what will others in obama's economic circles do in the months ahead? you called the jack thing a long time ago. >> yeah, we were the first to report he was on the short list, at the top with larry fink and i think larry would be a better treasury secretary, and then, i think bloomberg reported another

name, that was not in my mind. jack lew, a guy that does a lot of legislative stuff, budget director, he's in there. he's gone. what will geithner do? he's taking geithner's place. this is what geithner is telling friends. he wants a detox. he may take the year off, and his plans, according to friends who geithner spoke with directly, his plans are to write a book. he wants to write a book about the service in government. remember, he was the fed chairman, new york fed president, important job in the financial crisis, went from the fire to the -- frying pan to the fire as treasury secretary in president obama's first year, and he plans to pin this, who is the publisher? i don't know he will not have a problem getting a publisher. if it's written well and goes after people, he's the type of guy that will, and i will buy this book. what are others doing? bill daly, former chief of

staff, jack lew took his place, and bill told people on wall street he wants to run for governor, seriously considering it. why is it important to say it to wall street executives? raising money from them, senior people on wall street, talking about that. interesting story. we'll see if he does it. here's the real interesting thing. ben bernanke likely to step down; right? he wanted one more year, finish the term, who is going to replace him? well, there's two names. at least the white house leaked two names at the top of the list, the short list. one is a guy named ferguson, roger ferguson, tia, you know, a former fed governor, and corporate america for a long time, a ceo, and the other guy is the guy you always hear, but i think it's serious this time, larry summers. lori: really? >> how is it leaked out? i want to give people context of the sources. wall street firms have all lobbyists that deal directly

with the white house; right? that's now i knew about jack lew at the top of the list. same with these guys. they are lobbyists, talking directly to the white house. this is the short list that's being, you know, compiled right nor, and it looks like it's summers for the fed chairman or this guy, ferguson, and, by the way, it's early. names could change. this is what i have now, but my name list, my lists have been good. melissa: excellent. what else is excellent is the news on her ball life. >> there's a meeting, and herbal life, and calls is a pyramid scheme saying it's a company that should go to zero. upon city, whatever it is, it's bad. thinks it should be zero. the company is fighting back. they hired david boyce, a high profile attorney. they will have a meeting, and

where's the investment? they are keeping it secret because of the press. the meetings' at the four seasons hotel at 50 and 57, i drink there regularly. this will be in the morning. by the way, great bar. melissa: that's the place to see to be seen. >> i thought you said cnbc. >> no, see and be seen, the place to go. >> no, that's not a place to go. larry summers didn't like being one the economic advisers so why go to the fed? >> all the power in the world, are you kidding me? what an ego trip. >> you don't really -- the president's right hand man is a woman, vaerie, by the way,. >> fair point. >> if you're an economist, other than treasury secretary, which he was already, that's the ultimate. here's the other thing people forget, a side story. people forget how much

prominence he has in economic circles, particularly when there's democrats on board. if ewe look at jack lew, tim geithner, larry summers, and i mean, this is pretty amazing stuff that bob reuben, former treasury secretary for president clinton, not a good board member of citi group, but no name, worked at citi group, ceo, chairman of goldman sachs, has this much stroke in economic circles. interesting how tim geithner in the book describes bob reuben. that will be a big wet kiss. >> good stuff, charlie. thank you so much. >> satellite operator dish launching a new dvr allowing subscribers to watch live tv from wherever their mobile device has connection. >> so happy about this one. we are live at the consumer electronics show with dish ceo

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melissa: time for stocks as we do every 15 minutes. let's head to the floor of the new york stock exchange. our own nicole petallides standing by. nicole, the dow down 71. >> we're pulling back across the board, melissa and lori. the dow jones industrials is down half a percent much like the s&p 500. tech-heavy nasdaq is the best of the three, down one-third of 1%. selling is across the board even the russell 2000, some of the small caps, they are lower.

i want to look at some airline stocks in particular. there is analyst calls. there is news, the transportation index is lower. however you're seeing names like us airways and southwest airways hitting 52-week highs. southwest airlines deutsche bank raised them to a buy. jetblue, that was cut from a buy. we'll keep up with what happens with american airlines. will they merge? will they stay independent. back to you. melissa: nicole, thanks so much. lori: a year ago satellite tv company dish shook up the consumer electronics show by rolling out the hopper, that automatically skips commericals. users loved the idea. networks understandably hated it. they filed lawsuits to protect revenue. did dish back down? hardly. liz claman with the ceo of

dish. >> i have to tell you, remember last year i told you we opened the hopper. dish network they say you can have your tv anywhere. you look on the back, it said dish hopper. basically what it allowed you to do is move your dvr, what whatever you dvr to any tv now they added a word, dish hopper with sling. we're joined first on fox business, joe clayton, ceo of dish. thank you so much. >> always a pleasure to see you. >> there it is, the hopper which we talked about last year. you guys areries are uptores to the nth degree, aren't you? >> yes we are. hopper good in the home with things like prime time anytime. now, with hopper with sling you can take dish anywhere, on the go, in an airplane, in a car. over to your ipads, your tablet, or your pc.

so wherever your at you got your content with you. >> joe, the hopper became available, you unveiled it on fox business at cvs but became available in march. what is the adoption rate of customers which you have about 14 million subs? >> we have over 2 million hoppers in the marketplace and growing like a weed. >> okay. let's show the hopper with the sling. as we walk over there the important thing to point out the networks absolutely hated this. lawsuits, including from our company fox but cbs as well. les moonves of cbs famously say how does your chairman expect me to produce csi without commercials? the ad revenue creates quality programing. what is your response to that. >> maybe we ought to listen to what the consume wants when i say. when the economy changes, technology changes, your competition changes, and consumers taste change better change. so, we believe that we are following what the consumer

wants, like mobile entertainment. the consumer is not making gradual move to mobile. it is full-blown splint. i learned a lot loaning time ago it is pretty good formula for success. >> is there a chance that you and broadcasters will settle. >> broadcasters are our partners. we want a good relationship. at the same time we want what are best for consumers. i think we'll have meeting of the minds at the appropriate time. >> we'll see about that. let's look at the sling. we have a demo. >> i have my able assistant laura here. >> hi. >> she will show us a little bit dish anywhere works with an ipad. then she is going to show you a little bit about how fast and, user friendly our new program interface is. >> okay. >> is that okay? >> go ahead. >> let's see it. >> show us what we have to do here first. >> explain what she is doing.

>> now she is scrolling it, making it easier to find their content. there are over 15,000 different content keepabilities. >> sure. >> we're trying to make it easier and simpler to use. okay. now, here's a whole list of stuff. >> i want to jump back it my ipad or television set on the wall here behind her? >> exactly. basically we download that. from the tv in the home, onto the ipad. and then you could take the content with you. if you're flying from the west coast back to the east coast for some meetings you could have your fox favorite show. "bones" is my favorite. take it with you. >> joe, my question to you is, you know, a guy like les moonves or the fox lawyers do have a point. if you want quality programing so that you get more subscribers. so you don't want to kill that goose that lays the golden egg. >> no, that is absolutely correct, liz. what i think we need to do is use the technology to

make the commercials more addressable to a specific segment of the community. a family of four with two young kids will probably want a pampers comercial but not a viagra comercial for example. we believe we can use technology to better segment the market and make it more efficient and economical for the advertisers. >> you have a lot of bandwidth. >> there is hopper. he is everywhere. >> hey, hopper. you have this bandwidth you guys bought, the wireless spectrum. it is worth 12 billion. bought it for 3 billion. why not sell it to verizon or sprint or something? will you do a wireless network. >> once again you follow what the consumer is doing and they're moving to wireless. we want to offer wirelesses voice, video. >> not going to sell it? >> that is not our plan. >> how about a directv merger, will that happen this year? >> there is lot of speculation. you will have to ask the pundits. >> can try. joe clayton, first on fox business. ceo of dish.

once again they are continuing to disrupt technology as they do. i'm going to send it back to you guys in the studio in new york. melissa: liz, i want that little hopper right there the little small one next to you. i have to have that guy. >> bring it home for you. melissa: great interview. first on fox. thanks for the interview on verizon last hour as well. thanks. lori: keep it right here. fox business, shibani joshi talks to patrick lo, netgear chairman and ceo. next hour at 2:00 p.m. eastern. liz is back with first on fox business interview, curtis jackson known as --. melissa: 50. lori: 50 cent. melissa: 50 cent, nice. love it. she is killing it out there. aig happy to take the government bailout the company need ad few years ago but now the board may return the favor by suing the government although, you know, this is all fueled by hank greenberg. so it is a very complicated story. lori: remember that whole

won't happen until the end of february or march to figure out the debt ceiling problem? well, perhaps. not so much actually. the new warning and the risks of a u.s. default. ♪ .

>> good afternoon, i'm sandra smith with your fox business brief. richard chech ham is trying to shine a light on dark pool trading. they are expected to set up dark pool enforcement this year. they are private trading venues that allow buyers and sellers to post orders hidden from the rest of the market. boeing shares are down after another one of its 787 dreamliner planes operated by japan airlines gets

grounded before takeoff. the plane returned to the gate at the boston logan airport due to fuel leak. yesterday a different 787 experienced a fire at the same airport. gamestop shares are tumbling after forecasting a bigger drop in same-store sales from 2012. sales were down 4.6% from a year earlier. that's the latest from the fox business, giving you the power to prosper.

lori: never know looking at interest rates but there is new urgency on the debt ceiling debate after a just released report warning the u.s. government may default on its debt two weeks earlier than initially expected. the bipartisan policy center think tank is warning that the federal government may default on its debt as early as valentine's day. that is no love letter, february 14th.

the government hit the $16.4 trillion debt limit on december 31st. the treasury department is taking extraordinary measures to stave off default. you can bet we're all over this one. melissa: i know. stay tuned. sounds like the ultimate case of ingratitude. aig's board is meeting to consider joining a big lawsuit against the u.s. government which says aig's controversial $182 billion bailout cheated aig investors. of course there is a lot more to this story. here's liz macdonald with emac's bottom line. >> there is news on this right now at this very hour. reuters is reporting that now the white house is out defending the bailout of aig. what is happening aig is confirming to fox business the board will meet tomorrow to decide whether or not to join hank greenberg. he is former chief of aig, whether whether to join hank greenberg's $25 billion lawsuit against the new york federal reserve which basically says that aig is a victim of the government bailout. the lawsuit is contending that in the process aig sold

off $66 billion in assets. that basically aig was ruined and destroyed by government oversears run amok. that aig was overcharged punitive interest rates on $85 billion line of credit. we have representative elijah cummings, more breaking news, democrat, ranking member. house government oversight and reform committee. for aig to be considering this and hank greenberg to be doing is like suing the paramedic for giving you cpr because he did not give you a pill loy. hank greenberg says, wait a second, there is more to this story. telling our very own neil cavuto this turned into a back door bailout for wall street. take a listen to what hank greenberg told neil cavuto. >> as far as i'm concerned that bailout should have never taken place. >> really. >> the way it did take place was wrong. aig was used as a bailout, as a back door bailout for many others. >> what he is referring to there is goldman sachs, deutsche bank and

societe generale. aig's board, telling fox business it is the board's fiduciary duty to consider hank greenbergs lawsuit. melissa: they have to consider it. doesn't mean think will join in. this is hank greenberg who has been disgruntled for a long time. it is important to separate this out. >> they have to hear him out because it could expose the board to more shareholder lawsuits. there are no merit to the allegations that aig had alternative bankruptcy. melissa: emac, thanks so much for that report. it is quarter to. as we do every 15 minutes let's check the markets. nicole petallides is on the floor of the new york stock exchange checking out yum! brands. >> the parent of kfc and taco bell you see it under some pressure. this is because they're noting sales in china will be less than what we expected. don't forget over in china they had to conduct reviews of powell try and such which were not favorable. of course yum! brands sticks to the fact that their food

is safe -- powell tri. their comps and sales numbers would be lower than what analysts were expecting. the stock is lower today $2.88 at 65.01. back to you. melissa: nicole, thanks so much. lori: so using its mighty wings to land in chicago this week. fast-food giant using bone-in chicken wings in the windy city after successful trial run in atlanta. they will have three serving sizes to pick from. three, five or 10 piece. sounds like mcnuggets, right? options start at three bucks and come with a creamy ranch dipping sauce. this new menu item may prove to be expensive venture for mickey d's. prices of chicken wings are rising steadily over the last year. many expect prices to continue rise with demand. any reaction to mcdonald's

shares? no one can say for sure. down 60 cents. melissa: shaking your head. those little bones are the worst. so who is in the minority? senate minority leader mitch mcconnell and house minority leader nancy pelosi digging in over another round of tax hikes. the fierce partisan divide impact on your paycheck. that's coming up next. lori: also the flu making its way through schools and offices around the country but who is to blame? we'll tell you that. look at winners and losers from today's trading session. the dow is down 72 points. there are outperformers. celgene, check point, nuance communications among the gainers

lori: at one point washington's bickering, that

never happens, okay, it does sometimes, causing harm to the american people. now according to the latest "gallup poll" 77% of those surveyed says the way politics work in washington is causing serious harm. 19% said the effects are not serious. although we should note the polling was done in mid-december before a deal was reached to avoid the fiscal cliff. melissa: speaking of washington, the middle class was not supposed to get taxed at all by the fiscal cliff deal, you remember that but the payroll tax kicked in. more taxes may be coming. curtis dubai, heritage foundation. on who may be footing the bill. have higher taxes get that out of the way and sit down to talk about spending cuts. instead it involved into this was only the beginning of tax upgrade, interviewedding vat tax, value-added tax. is that a good idea? >> no, it's a terrible idea. let's not lose focus what is really going on here. president obama said during

the campaign and as president, he said to reduce the deficit and debt problem we need to have a balanced approach which means some tax increases and spending cuts. the fiscal cliff deal had tax increases it allowed. there were no spending cuts. now he had the tax increases, congress needs to force him through with the spending cuts part of the balance approach. melissa: doesn't seem that will happen. seems idea of waiting on carbon tax or putting forward a value-added tax. something they do in europe. that would be a whole new revenue stream stream for the government in the u.s. they tax you every step along the way of production. what do you think that would mean for the economy. >> a much slower growing economy. it would greatly grow the size of government. the key to both, value-added tax and carbon tax, they tax the middle class. there is just not enough revenue at the top anymore for president obama to tax to pay for his big government seems. he needs a much broader tax

base to get revenue to pay for the programs he wants to grow around expand. that is where the carbon tax and vat tax come in. they allow him to tax middle class without raising income taxes which a way for him to dodge his pledge he would never raise taxes on middle class. melissa: one of the things scary bit, it is a silent tax. at income tax at end of the year you see the final tax was. vat tax you pay it along the way and no place you see how much it is taking a bite out of your income. do you think all this has to do with paying down the debt and getting our problems under control, or, would we not really slow our spending in this really wouldn't help us with the deficit and the debt at the end of the day? >> right. that is, why the vat is the perfect tax for those who want to grow government. very hard for people to know how much they're paying it and raises tremendous amount of revenue. if we instituted the tax it would raise trillions of dollars a year. it is also misplaced right

now. we shouldn't worry about a tax at this point. we should worry about getting spending under control. if we get spending under control now we won't have to worry about a vat in the future now is the time to get spending under control. with very three opportunities in the next couple months. debt limit debate, continuing resolution to fund the government for the remainder of this year and debate over the sequestration cuts that come, are coming very soon. we need to focus getting spending under control and those debates and we'll never have to worry about the massive tax increases that would greatly curtail opportunity. melissa: i'm afraid you're only one focused on getting spending under control, curtis. thanks for coming on the show. we appreciate your time. >> thank you. lori: so new facebook app is playing flu detective. the new app is called, help, i have the flu!. not be able to diagnose you but by gathering includes from your facebook friends it may narrow down who infected you. the app searches for key words your friends are using like, flu, sneezing, coughing. melissa: that is ridiculous. lori: and zeroes in on the

culprit. also notes places they may have checked in. the flu app allows users to message people and question them and know they passed along their germs to other. >> so you can blame someone. lori: that is so necessarily. you don't feel badly enough when you are the typhoid mary, right. beforeeyou unfriendly any potential con -- contaminatetores but flu can be transmitted up to six feet away. melissa: unbelievable. the whole point, people that get sick, first thing they want to do is blame the person that gave it to them. ridiculous. coming up tonight on mony, star of "national geographic", wild python hunters. lori: love this guy. melissa: he joins me to discuss a python hunting contest in florida. it is drawing hundreds of participants. there is a cash prize. that is why it is on a show called mony. we're speaking to him. 5:00 p.m. eastern here on fox. lori: are you afraid of snakes? melissa: no, i'm thinking of getting in the contest to go

down for python hunting. bring my kids. in the everglades. that is a big cash prize. i will ask him if that is a good idea. tune in. lori: 'nough said. regulations is one of the biggest concerns for small business americans. bill dunkelberg breaks it down next with trace and ash. don't miss it. you are a brave woman. melissa: you know. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪

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tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. america's job creators are not ready to hire. small business optimism inching higher last month but many say it is still too soon to add to the payrolls. nfib chief economist bill dunkelberg will talk about. tracy: the debt limit debate. will the government hit the $16.4 million mark weeks

earlier than expected and will congress sign off on another increase? congressman paul brown and john jarmuth -- i can't remember muth face off. ashley: another dreamliner safety concern. this time a fuel leak, one day after a battery exploded and caught fire on another dreamliner s boeing's jump bow jet safe? certainly hurting the stock. tracy: so scary getting on a plane. ashley: it is a haunted plane. been a problem since inception. tracy: absolutely right about that. time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. hey, nicole. >> tracy, we're selling off on wall street. we've had a down day the dow jones industrials are down 67 points. i have to tell you most of the traders i'm talking to obviously eagerly awaiting alcoa after the bell. the aluminum-maker, the first one to report earnings this earnings season as usual. but the trend most say still

seems to feel it is to the upside until we get to the point of the end of the february until we hear more from the government and the debt ceiling. the dow is down half of 1%. s&p much of the same as tech-heavy nasdaq one third of 1%. look at dow losers. you mentioned boeing and the fire. boeing is under serious pressure. it has been the number one loser on the dow jones industrial average. now you have the analysts obviously now looking closely at boeing and downgrading it on the heels of the dreamliner fire over in boston. bb&t says it is too much to ignore. they cut boeing to a hold from a buy. caterpillar is on the move. caterpillar raised its price target to 98 bucks from 90. here are others. verizon under pressure. back to you. tracy: thank you, nicole. ash will be here with the numbers at 4:00. ashley: we'll be here with sandra smith. always first run of the season. alcoa, we'll see what they have to say. earning estimates have been cut from back in october like 9% growth. all the way down to 3%.

the bar is so low. tracy: that's a good commodity story too. so it is good you have our girl sandra smith with you. ashley: she will be all over it. all right. american small business confidence, well it rose slightly in december but it is still at the second lowest level in nearly two years. this according to a new survey by the national federation of independent business. its chief economist bill dunkelberg joining us. bill, as always, thank you. so what is the biggest concern of small business owners right now? what does the survey show you as far as the biggest fear for business owners right now? >> well, kind of a triple header. obviously sales are not good. so we have 19% saying that is their top problem. that is down a couple percentage points. 23% said taxes. so there you go. that is the big issue for december right? talking about what tax rates are actually going to be. now we know. doesn't mean we're happy about them. but we know what they are and that's helpful. the other one is the

perennial cost of useless regulations and red tape. that drives them nuts. that is 20 you 1:00%. that is the -- 21%. that is the trifecta so to speak. tracy: we're up a little bit from last time we talked. the survey got killed because of the election. everyone was worried. now we're in this election, do you get any sense they will start to maybe, i don't know, see some sort of light at the end of the tunnel or will it just be doom and gloom the next four years? >> it could be that long. let's hope it isn't. i certainly think it is doom and gloom for the next six months. we really went over the cliff. we couldn't really avoid going over the so-called fiscal cliff. it was just a question of how we did it. what taxes, how much spending cuts and of course we did the worst. we kicked all the spending cuts down the road and another can-kicker there. so we don't know what that is going to be. we have health care coming on. we have the debate over the debt ceiling and what that is going to do. there is still a whole lot of trash out there to clean up before we have a clear

view of the future. we can decide whether we like it or not. right now we don't like it. 45% of the owners said next, in six months the economy will be worse than it is today. ashley: so with that in mind, bill, i'm assuming small business so critical to employment in this country, they will not be hiring in the short term at least? >> right. they don't expect their sales to grow. so therefore they don't have a good reason to hire employees to take care of customers that they don't have. that is the real issue. they need to see the economy being better. they need to have a sense that we're on the right path. so they can invest money knowing they will get a payoff in the future. of course we already know that payoff will be taxed more highly. that is not real helpful. if you have profits growing, you don't mind paying taxes on them. tracy: one of the things i thought interesting was the quality of labor is a concern to a lot of the respondents. does that mean we don't have enough people trained to do the jobs we need filled? >> we certainly have

mismatches and that tends to be a perennial problem for these people. they tell us most of the job openings they have don't have qualified applicants for them. now we did a special study of that. interestingly a big chunk of that has to do with not with bad schooling or, lack of math skills, which are cureable things but are more important things like bad attitude. don't know how to dress. don't have good work skills. don't have good ethic, those kind of things also get you turned down. more and more kids are turning up with drug problems and bad attitudes. so young people could fix those things real easily if they really wanted to get these jobs. ashley: that is really shocking actually. really is. tracy: almost embarrassing. ashley: it is embarrassing. >> but it is true unfortunately. ashley: bill dunkelberg, nfib we're already out of time but thanks so much. brings up a real interesting point. one i hadn't heard that much,

lack of a qualified labor force. tracy: high and lazy. not so good. ashley: no. tracy: all right. how are concerns about the future impacting day-to-day operations at america's small businesses? especially after what we just heard from bill dunkelberg? fox business's jeff flock live at one of them right now. a packaging supplier in oak lawn, illinois. hey, jeff. >> i know about, tracy about 500 or so employers, -- employees. small business, we just heard bill confidence, is your ticking up half a percent or what is it, bill? >> our business we've been growing 15% year-over-year coming out of the recession of '08. >> just so we know, you build stuff that conveys product around for various companies, correct? >> exactly. this happens to be a package conveyor line that goes into most distribution and fulfillment centers. >> for big companies like

nike, skechers and staples? >> yeah. >> how has their confidence affected your business? >> well you know it is interesting in terms of our growth, historically, that would have been driven by these companies expanding their distribution networks. >> that isn't the case this time. >> exactly. this time around what is going on they have to deal with a new challenge which is, servicing multiple sales channels. and so, you know, from that standpoint what they have got to do is retool or reoutfit the facilities that they have. >> so that has grown your business as opposed to actual growth which would have been an expansion of numbers of locations and that sort of thing. >> exactly. it is dealing with this e-commerce, direct to consumer explosion and retooling these facilities to do more within the network they have. >> real quick before we get away your sense of year going forward? your sense is stuff people built a year ago. >> the lead time is not measured in days and weeks. it is measured in mum pell months. the work we're doing now is

intended for end of 2013 and beginning of 2014. the amount of work we're doing would indicate companies are pretty confident about their prospects end of this year heading into next year. >> end of this year going forward. that is informative. kevin ambrose, good boston boy. we appreciate you being here in chicago. they can them out, wynwright. ashley: the irs in the u.s. plans to accept defend 12 tax returns on january the 30th. that is eight days later than first planned because the irs says due to delay of all those last minute tax law changes made in the fiscal cliff bill. normally could get them in by january the 22nd. now an 8-day delay. january 30th. as you were pointing out most people don't get their forms until january 30th. tracy: mostly talking about social security recipients. thankfully only a week. could have been a heck of a lot worse.

ashley: price matching, holiday season experiment becoming permanent at one retailer. the question is, will everyone else join in. tracy: plus, first on fox business, netgear ceo, patrick lo talks with our very own shibani joshi at the consumer electronics show in las vegas. earlier she said she has the best job in the world. she really does today. before we head out to break let's look how oil is moving. it is not. $93.18 a barrel. we'll be right back. have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep.

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tracy: the dow is down 6 points but charles payne is here to make some money anyway -- 63. he is looking how to make profits in oil and gas. charles, what is going on with that? >> we have a company called continental resources. i'm one of these guys big on the founder. he started company with shelly dean oil back in the day if you will. let me tell you how determined this guy is. 1983 i drilled 17 dry holes. 10 years in rocky mountains with technology and 10 years later with the bakken shale in north dakota. they're absolutely doing ex ord extraordinarily well. next week the street looking for 4.34. over the next five years

wall street thinks they will grow 37% a year. versus three times what the industry is growing at. tracy: wow. >> this is interesting because it is a volatile stock. up big today. i haven't seen that much news on it today. the last four upgrades on it, the average target on this stock is 1100.75. there is huge amount of room to the up side. earnings inconsistent. last four quarters they missed a couple times. that inconsistent. of course the stock is extremely volatile. everything else about this company is something, kind of company i admire. they're doing extremely well. wall street likes them. there are more buys. buys, tons of upgrades. so it is hard to see really, the big problem again is execution. maybe oil prices. but other than that maybe matt damon movie is a hit and stop fracking all together. just kidding. ashley: don't slide that in there. >> i don't think so either.

the bottom line if you can stand volatility i think continental resources will be 95 to $100 stock. tracy: we need him to go back to the bourne identity and do things like that. >> although that script got a little crazy. tracy: "goodwill hunting". how about that? >> there you go. ashley: charles, appreciate it. price matching was so popular during the holiday season now one retailer is making it last all year long. target will match prices from top online retailers including amazon.com, wal-mart.com, best buy.com. in addition to matching prices from its rivals target stores will match discount prices from its own website. target unveiling the program after a disappointing holiday season. the retailer was hurt by tougher competition online and became the latest victim of so-called showrooming. you check it out and buy it online. target's ceo previously said the price matches wouldn't hurt profit margins, investors well, perhaps showing some concerns, down slightly today by 36 cents

at 60.94. not a huge movement on the stock but it is interesting. people, shoppers today are so savvy on all of these deals. i think, yes we get them all in the holiday season but now that the payroll tax hike kicked in, people are looking for more deals than ever before. tracy: i don't know. ashley: you're a savvy shopper. tracy: well, yeah. ashley: you are. tracy: from the comforts of my own couch i am. all right. it is quarter after the hour. we've got to check on the markets. nicole petallides on the floor of the new york stock exchange. i know you have breaking news on herbalife, nicole. >> that's right. herbalife been in the news since the middle of december. more news coming out and charlie gasparino was the first to report it. let's look how herbalife is faring right now. it is reported that the investor robert chapman, saying and telling fbn, fox business networks, there is quote, big news regarding the company's battle with the short seller bill act man. you remember bill ackman had

the whole idea it was somewhat of a ponzi scheme and he wasn't a believer in the company at all. when he talked about it being a pyramid, pyramid, were his exact words at that time, in the middle of december, we'll give you longer charts, that week you see the big dip. herbalife lost 38%. robert chapman, i just checked on bloomberg and poking around, that is how i got the 38% number. that drop woos obviously significant. robert chapman who is 35% long the company. it will be interesting to see what the big news is concerning the company's battle with the short seller bill ackman. so of pershing. william ackman. everybody is familiar with him. we'll see what happens here. right now the stock is gaining up 3 1/4%. ashley: whatever it is. tracy: charlie gasparino has been covering this too. nicole, we'll see you in 15 minutes. >> thanks. tracy: the government is spending more on immigration enforcement but getting less in return.

gerri willis has the eye on popping results of a new study. ashley: can netgear deliver on its explosive growth? patrick lo is live with shibani joshi at the consumers electronics show in las vegas. first let's look how the dollar is moving against the foreign currencies on a day with the dow moving lower. the dollar is up against all of the currencies you can see here except for the yen. we'll be right back.

can. >> at 22 minutes past the hour i'm arthel neville with your fox news minute. more proof this is a serious flu season. lehigh valley hospital in pennsylvania opened a mobile surge tent outside the e.r. to handle increasing number of patients arriving with flu-like symptoms. they used similar tent during the h1n1 flu during 2009. former representative gabby giffords and her husband are launching a new gun control initiative to limit gun violence and mass shootings. today marks the two year anniversary of a day a gaun man opened fire at a tucson supermarket killing six and critically injuring giffords. chicago police reopened

the homicide investigation into the death after $425,000 winner last summer after new tests determined he died of cyanide poisoning and not natural causes. he will relatives of cain urged medical examiners who reexamine the case. those are the headlines. let's get back to tracy. tracy: arthel neville, thank very much. you stay healthy. stocks started the new year off with a bang. the same can not be said of gold. is it possible the metal may have lost its luster? sandra smith with today's trade. it doesn't have a great year last year, sandra. >> not at all, tracy. we're looking at 12 straight years of gains. here is what a lot of folks are looking at. i will pull out the pencil for this one. this is october of last year. this is the rapid decline we've seen in the price of the yellow metal, down $140 since it hit the 52-week high.

we're down to $1640 a troy ounce. a lot of gold bugs are asking, is gold cheap, should we buy now or does it have further declines to go? here is a what smith had to say about that at citi futures. inflation expectations continue to be tame that coupled with a fear that quantitative easing may be ending by the end. year are keeping buyers away for now. what do you do withed trade. george giro at rbc says he believes silver will bounce back from its rapid decline. it followed the the price of gold over the past six months. it is a far cry from the $35 a ounce let back last october. he says because of silver's industrial component will bounce back even more than gold. he says that is the way to play it. he says, tracy, ashley, it will be back to the basics. these precious metals will bounce back based on a low interest rate environment, the weak u.s. dollar. he says there will come a time where you want to own at these levels. by the way he is actually

pretty bullish on gold the next couple months. he really thinks silver will outperform gold because of that again the industrial component if the economy recovers of silver. tracy: that is why silver always made more sense to me. i don't know what you do with gold. >> wear it around your neck. tracy: that's it. it is a big ol' doorstep stop. ashley: thank you, sandra. consumer electronics show getting underway in las vegas where companies are unveiling what they hope will be the next big thing in tech and netgear is just one of the many companies that are looking to make your home smarter. i need that help. shibani joshi joins us from vegas with a first on fox business interview with netgear's ceo. shibani? >> hi, there, ashley. thanks very much. netgear has turned itself into a multi-billion dollar company selling very practical things i think is a fair term like things like networking equipment and routers but now it is taking more of a personal term, and personal turn trying to get in your home with a brand new series of connected home

products. we've got the ceo, patrick lo and chairman of netgear joining us now. thank you for being here, patrick. great to see you. >> nice to be here, thank you. >> so you've been in the home for a long time now but now you're trying to take a more front and center role, connected home to products you're unveiling. tell us about them. >> right. going forward we believe the home should be more connect the much. the ultimate vision for us that every single device in the house powered by electricity should be connected to the internet and linked up to the cloud. you can control it over your mobile devices. there are a whole bunch of device west introduced this year. >> here is one. one much these is a camera. >> right. it is a very tiny little, what we call, wire-free camera. it is for monitoring purposes. great for monitoring your pets, your adolescent kids. >> my baby i told you. >> that's right. and what it does, battery operated. so you can stick it to anywhere you want and you don't have to drill holes.

you don't with to find a power supply. it is wireless. very easy to install. what is even better is that you can control it from any of your mobile devices. all the images be it photos, snapshots video are stored in the cloud so you can access at any time. you can decide how sensitive it is. one it is moving will send you alert -- >> i can think of a million uses for this depending upon, you know, what type of person you are and how involved you want it to be in your home. >> right. >> another thing you're doing, connected living room. we're hearing this over and over again. throwing your hat in the ring with this new fox. >> that is true. we call it neotv prime. this is our video streamer. it combines three functions. offer as whole bum of online channels such as hulu, netflix, amazon prime all of this. now it is coming up with google tv browser that you will be able to search for -- >> internet. >> on the internet, exactly.

so that is why we enhanced it with a qaertty keyboard in the backpack. >> got it. >> you can store the own content, home videos and music and pictures. it is three in one. >> patrick a lot of things sound very similar to this. what make this is unique and how do you make the leap from something a little bit less, more practical like a router to something like this that is a lot more personal? >> yeah. so, the first and foremost is to really make it easy to use. so, for example, it is just a little bit, you know, improvement over our competitors with the qert at this keyboard. much easier to use. the interface is lot crisper, faster, you don't have the lag. third is a lot of people not only would like to have

striming video from the internet, they also want to play their own photos and videos. all combine it to make it more personal, more usable in the house. >> that is a challenge. not just about being smarter. it is about being easy to use. >> right. >> and what you're provide something a product you believe combines the best of both worlds. patrick lo, ceo and chairman of netgear. great to you on begin. >> thank you, shibani. >> there you go, smart and easy to use, something we can all appreciate right? ashley: certainly can. i would like to be smart. and easy too. tracy: don't say it. i'll finish it. smart and difficult to use, how about that? ashley: there you go. tracy: immigration spending surging in the obama white house. gerri willis is on the store next. ashley: plus it's been a week since the fiscal cliff deal and we're so glad we're not talking about it. how long will congress wait to fight the next battle over the debt limit or debt

cliff? congressman paul brown and john yarmuth weigh in ahead. the dow is down some 65 points. we'll be right back.

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mode, i feel better about this year but probably the second half. i think most people expect earnings will be very next. nicole: that is some good insights. it was quick but gave us the poop. back to you. tracy: the gains are from loaded. night to hear that. cu in 15 minutes. ashley: the u.s. supreme court is set to weigh in on statute of limitations shedding light on when exactly the five year limitations with civil cases begin. rich edson at the supreme court with more on the story. peter: rich: the court heard arguments in a case like instant replay. when did:00 start? this deals with statute of limitations and goes back to 1999-2002. that is when the sec says there was wrongdoing on the part of gam belly funds, market timing to the advantage of its customers. the sec says it filed suit in 2008.

that is beyond the statute of limitations. the company says the clock ran out and the sec couldn't act. what the companies are saying or the sec is saying is it only discovered this and started investigation in 2003. if the supreme court sides with the sec it would make longer the amount of time the government, not just the sec but other government agencies have to file these civil suits. if not it is limited to five years from when the wrongdoing occurred and one attorney says if the fcc doesn't go its way it could get congress to change the law. >> they believe this case will hamper their efforts to bring cases on a timely basis where penalties are being requested i would expect them to ask congress to amend the statute and make it absolutely clear when they bring fraud charges the five years should be extended until the sec learns or should have learned the action. rich: we won't know the result of the court decides in the next

couple months. very skeptical of the sec position where number of justices especially conservatives who view this as an expansion of government power. back to you. ashley: interesting issue. thank you so much. don't like it, congress can change the law. tracy: it could be anything, state and limitations on tax return, could be almost anything goes. why bother with laws. who cares about that? a new study reports the obama administration spend more on immigration enforcement in the last fiscal year than on any other federal criminal law enforcement combined. $18 billion spent, more than the budget of the fbi, the d a, secret service, bureau of alcohol and tobacco, really? is this good money spent? gerri willis is here. ashley: i have a feeling. gerri: not what you expect from the president.

he seems to be for immigration reform but he is coming down a hard. the number of people removed from this country nearly doubled from 188,000 in 2000 to 409,000 in 2012. the only number that is down is border apprehensions at a four year low and we are doing a lot of that with groans now. ashley: interesting, and did thousand, how many of those come back? >> great point. i feel strongly about this but have to turn to my cohort who actually is not from this country. ashley: i'm a u.s. citizen now. it was very hard to get in. you had to go through a lot of hoops and interviews. when you go through that and come to this country people come in illegally, a is a slap in the face for those who went through legal channels. i understand the need to come to this country, no doubt about it but so many are doing it illegally. there had to be something, the

very word illegal means it is not right, it is against the law, something has to be done. borders are wide open. tracy: my husband came into this country, the forms we filled out, i have never seen him so anxious in my life as when we sat down to do our interview. [talking over each other] gerri: people who've come to work in this country because they share our values and wants to be year. i love the front door. come in the front door. ashley: this is what you're talking about tonight? gerri: no. we are talking about the details of the mortgage settlement with banks. there are some surprises in that. i think people will get big fat checks. they were reviewing each case one by one. now that won't happen. all kinds of interesting details coming up out of that. we will have a big debate between housing advocates and

someone who says we have to stop the spending on houses. gerri: don't miss the willis report at 9:00 eastern on fox business. ashley: the debate. boeing's dreamliner nightmare fuelling, discovered after a battery fire. now there's a report of faulty wiring. the stock is tumbling. tracy: are more tax hikes as congress tackles the debt limit? paul brown and john young debate that next but as we do every day at this time let's look at the ten year and 30 year treasuries as we head out to break. [ male announcer ] at scottrade,

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fiscal clip deal is the big reason for the delay. and attempting to shine light on trading, the financial industry regulatory authority aspects to set up dark full enforcement this year, private trading venues that allow buyers and sellers to those orders hidden from arrest of the market. superstorm sandy will likely cost the insurance industry at least $20 billion according to a new report, the complexity of accepting insurance losses from such a large and intense storm over a wide spread region has created uncertainty in estimating ultimate insured losses from sandy. that is the latest from the fox business network giving you the power to prosper.

ashley: is congress running out of time to craft the debt ceiling deal? bipartisan policy center released a report will run headlong into the debt ceiling

as early as feb. fifteenth unless congress reaches and agreement. joining us from both sides of the aisle republican congressman paul brown of georgia, democratic congressman john young of kentucky. thank you for joining us today. it will be a contentious issue. let me begin, the republicans saying they will agree to raise the debt if there's corresponding spending cuts otherwise they don't want to raise the debt ceiling. those two are really tied together, why would you not agree to that? >> right now is not the time to cut spending dramatically. we are faced with a struggling economy, a struggling recovery and every bit of government spending you can't comes out of the economy. if we hit the debt ceiling february 15th, the same bipartisan policy center report said we would basically take one

month time, $165 billion out of the economy. that is 10% of gdp in one month. that would send the economy back into recession, unemployment would skyrocket again, we would be far worse off. we need a balanced approach to deficit reduction. we started on that track and need to continue. ashley: congressman ron, responded you can. >> my good friend is totally wrong. it is not government spending that will stimulate the economy. we need to leave those dollars in the hands of job producers and family businesses, the hands of consumers instead of sending it to the federal government in washington d.c.. we have to cut spending. the american people want us to deal with this issue right now. $16.4 trillion is unsustainable. every man, woman or child, even the newborn babies, $52,000 a

person, that is unsustainable. we have to cut spending, make major cuts in spending across all of the whole government expenditures including the non discretionary funds, so-called entitlements. we have to get our financial house in order and this debate is about doing just that. ashley: would you -- are you strongly enough -- to you feel strongly enough about this to lead the u.s. default on its bills because you have a debt ceiling raised but without a corresponding spending cuts? would you not agree with to that and let the country default? >> we don't need to let the country default. we are -- actually we are already bankrupt today. we have to deal with it today. that is what the american people expect. let me give you a couple examples what is going on and what democrats have done. when this recession started, in all of the u.s. department of transportation there was one federal bureaucrat who made above $170,000 a year.

just 18 months later, there were 1,690. this is unsustainable. every salary in the department of education is $102,000 a year, about twice what teachers make. ashley: we are almost out of time. i just want you to respond to some of the comments made by representative brown. >> first of all, we have already cut $1 trillion in spending and did that in 2011. we did $600 billion of deficit reduction, we spent two campaign is being blasted by republicans for finding $700 billion savings in medicare. we made significant for the approaches on the spending side to dealing with the deficit. there's still room on taxes. we need to do more on the revenue side. we are dealing 3% of gdp below historic lows, taxing ourselves less than we ever had in the last 60 years and it is just

about a balanced approach. we have to deal with spending but also deal with the revenue side. ashley: we are already out of time. we could talk all day, we are already out of time and clearly it is a very big debate. thank you for being here today. we appreciate it. clearly the different philosophies are there to see. do we tax people more to generate revenue or should that money be in the hands of small businesses and people out there who will generate their own jobs, create their own jobs, spend money, keep the economy going. the federal government has gotten bigger and bigger and bigger. tracy: my paycheck last week -- i am not sure they should take any more money out of our checks. quarter till the hour, time for stocks as we do every 15 minutes. nicole petallides on the floor of the stock exchange. jewelers are doing well today. nicole: glad to get off the

paychecks, actually crying when they saw their paycheck. let's look at these jeweler's in particular. when we talk about big nets, boosting the jewelry sector overall. boosting its earnings outlook, they are the cfo, ceo talking about chief financial officers, sales are looking good, this bodes well for valentine's day and with all the policy news, look what is going on. big nets up 8.7%, their apparent of kay jewelers, every case begins with k, tiffany is doing well, and zeeland over 3% on a day we have been selling. back to you. tracy: we knew nicole would know the jewelery lingo. ashley: two boeing dreamliner is sidelined for a separate safety issues, now reports of a wiring problem as boeing's jumbo jet,

save to fly, that is next. tracy: let's look at today's winners and losers on nasdaq as we head out. dow down 71 points.

ashley: shares of boeing stumbling. the stock down as you can see here, down 3-3/4% after a 787 in japan stop the fuel began earlier downgrade from a buy to a hold, all of this after a fire, one of the company's new dreamliner airplanes yesterday. the latest in a string of problems plaguing the jet. dan springer joins us the latest. >> even more bad news for boeing. as we were waiting for an update

from the national transportation safety board on where the investigation was going from yesterday's fire different 787 had a fuel leak, same airport, as it was preparing for takeoff short time ago. about 40 gallons of fuel week. the plane is being towed back to the gate for evaluation. the last word, passengers are still on board, flight 007 was headed for tokyo. the fire happened every lithium battery overheated in a rear bunker belly of the dreamliner that had completed a flight from tokyo to boston. all passengers and crew were off of the plane when smoke was discovered by maintenance worker half. the battery that caught fire power as the plane when the engines are off, had this happened in flight it could have been catastrophic and adds to a list of electrical problems experienced by boeing's dreamliner starting with a major fire during a 2010 test flight. in december there were three less serious electoral problems,

one of the fertile land in new orleans, qatar airways has a serious problem the ground a plane and the united plane taken out of service to replace the power panel and generator. the concern is the 787 uses a lot more electricity than other planes and the problems keep on occurring. >> these are all electrical issues, but it appears to meet these are different electrical issues. having said that the national transportation safety board will probably take a look at all of these electrical issues and try to determine if there is some sort of pattern or systemic nexus. >> investors are concerned, stock is down 2%, dropped nearly $4 since yesterday's fire and people looking at these problems saying why is boeing continue to have problems with its dreamliner, offers new plane in years. ashley: dan springer, thank you so much. every day we seem to be in these

headlines. tracy: scary stuff. how about this? shocking twist, reports that aig, the american international group which received a $182 billion government bailout may not--may turn around and sue the government for cheating its shareholders in that deal. fox news senior judicial analyst judge andrew napolitano. who is right here? judge napolitano: i think aig has a legitimate case the courts will be interested in hearing. here's their case. three people go to the government and a bail us out and the government says to one of them we will get you the money and no one will know about it. the governments as to the other one hears a few hundred billion dollars, 4%, the government says to aig will sell us 80% of your stock. that will dilute the value of the stock and when you want the money, when you want the stock back you got to give as 14% interest. aig said while we and your company the people who want the money that we don't want the world to know about we are giving you the money we are going to funnel through you.

so a ig, to funnel money to people from whom you don't ask for any money back, competitors, loan them the same money and charge them 5% in stan charge of 14.5% and stock value went down and assets went down. is that fair? the government can't depreciate the value of a corporation. that is called taking and the government has to treat similarly situated similar race at -- it was not done here. tracy: they have a case. i am sure he will be back to cover it for us. ashley: liz claman taking us through the last hour of trading live from the consumer electronics show in las vegas. she has guests across the board including curtis jackson, $0.50, up fox business exclusive, "countdown to the closing bell" up next. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country,

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