trish regan, you cover the markets.ust when we thought we had a lift-off coming, people say a $10 increase in the price of oil can keep the economy going down a half a point. >> yes. it acts as a tax on consumers. every time you go to the gas pump, you are looking at $4 a gallon, and energy traders said brace yourself, we will see higher than $4 a gallon in the coming weeks. that is less money that consumers have in their pockets. they make up 2/3 of this economy. but it is also corporations. think about their profitablity margins squeezed. wheat is up triple digits in the last 12 months. cotton is at the highest levels. chris: it seems like we have been here before. the saudis have the power. they turn on the tap, and everything is fine again. in the 1970's, this set up the environment for watergate. the lines in jersey. >> the higher price for oil, all of it. >> it hurt a lot of presidents. it killed ford, nixon and hurt carter. >> talking about the price of oil, gasoline going up, also the price of mike and bread is

trish regan joins us from cnbc world headquarters. on the surface this seems like very good news. what's behind these numbers? >> you know, ann, very confused by the report. how can you have such a big reduction in the unemployment rate from 9.4% down to 9% when you are only adding 36,000 jobs? 36,000 jobs is nothing. so the big concern here is that a lot of people have simply thrown in the towel. they are so discouraged, they have been looking for jobs for months and say maybe i will just wait until spring. factor in all the snowstorms. another reason why people may have said i will just wait until spring. so people are discouraged. that's a big reason why we are seeing the decline. >> that's very troubling. trish regan, thank you for breaking that down for us. >>> finally now, the bandit who made off with $1.5 million in chips after a daring heist at the bellagio in las vegas last december is now in custody. the suspect was captured oddly enough as he was gambling at the bellagio. he had been living there off and on ever since the heist, off and on the casino's tab, after a big

that's a biggie. >> trish regan this morning. thanks so much. >>> today republicans are pushing the senate to repeal the new health care law that a repeal is likely to be rebuffed. a new full body scanner starts a trial run today at three u.s. airports. federal aviation officials say that this one will protect travelers' modesty providing less details than the current controversial scanners. >>> the kepler telescope doubled the number of potentially life sustaining planets from what was previously thoughts in a announced this morning. with the new data the site is believed there are more than 1,000 planets outside of our solar system. >>> the most famous sandbar in biscayne bay is getting more attention today. first it was, of course, that mysterious piano. well, now, a day after it was removed a table set for a fancy dinner has taken its place. and maybe because he couldn't get a reservation in miami a traffic helicopter caught a man that kayaked to the spot waiting to be served. oh, my goodness. it is 7:20. let's go back to mat