Ceo to say sorry. Because target has made a mess of it. But at least the retailer can take solace knowing that they are not alone. All confirming the same disturbing trend. This isnt the exception for shoppers, but its looking like the rule. Be careful because no matter how these guys are talking, you are just not safe as of yet unless you get smaater than the bad guys and fast and you are seeing a, is that right . Yes, i am seeing it. When people go out and they use their debit cards and credit cards. And you understand there is a risk you are taking. And now you can even trust the local target store. They can have the retail sale of the century this weekend and you would be crazy were living under a rock if you ran into target and use your debit card. Neil so how bad is this dead and who is legally Vulnerable People say my local bank, i blame you. How does that work . And there are already two significant classaction off of the 40 million per person number in december. One in utah and one in oregon. And so obviously there is an enormous potential for damages and identity that and there is a lot of class actions against target with all the cost of dealing with this mass in trying to protect their customers and guaranteeing belt losses. They are going to possibly see records as well. Neil it makes people feel vulnerable, but it also violates the trust. And you dont know that someone has broken in as of yet. Thats right, if you cant trust the place that you are shopping at come youre not going to go back there. Others may benefit when youre going out. What will probably happen is that people will start using cash and cash is king. They will only buy what they can afford and its going to affect all retailers. Neil lets it has an impact on these institutions themselves because people are jus very leery and everyone is fair game for a lawsuit. This could go out of control. That is true. I think it is going to depend and how much Collateral Damage and how quickly the bank can shut this down are part of it. Are there really going to be raids on peoples Bank Accounts who have a debit card . How much Identity Theft . We dont know all of that yet. But there certainly the potential. Especially taking out the cas and dealing with it. They are going to deal with encryption and other i. T. Solutions and i think that they will advertise that. Ese machines are we all use on we check out are connected to the internet in order to process this. Whats a target or other stories, i think people are twice shy after being burned. I think it will take a long time. These companies spent a lot of money trying to influence and create loyalties and its about value and sometimes people associate target with theft and personal incompetence. It will take a long time for them to recover from that. Neil thank you both very much. The good news is that banks and Credit Card Companies generally stand by their customers and make good on any money that they might have lost. But what is a . What that piled up into a lot of money and billions of dollars . Just how bad could this get . We have a National Bank chairman with us and joe perry. So how bad is this . Well, it gets very about potentially because you have all of the Identity Theft that could come from it as well as the monetary loss. And weare able to act very quickly. We acted immediately and closed out all of this being a small thing, we could get our handsround it and we have within hours, we knew who had charged at target. Neil how do you know that . And how do you keep track of that . We have a fraud detection system. As we ran right into the system analytics. That wouldve been a big problem for us. Fortunately the government requires them to report. But as soon as we got the information we ran right into the system and conducted the analytics and then we had every customer that made a charge during that time and we notified the customers and turn off their cards and we have had no victims as a result see on what is the procedure . Because you have to call them back and say that there was an unusual purchase made. And that is have a track that. But what you do . How a normal buyer at target the sermonize . Banks have something called the Bank Secrecy Act and we have officers but look at the transaction on a daily basis. I was in europe at one point and got an email from an officer saying that y have some charges on our card that look and organized. And naturally they were fine. Neil it is refreshing to know that this can happen to other. Absolutely. [laughter] ith us it is interesting. Because when we cut off all her customers democrats, we instituted something last year called instant issue debit cards and we have machines that are hooked up to our i. T. Process and we have the customers cards, we cancel them and we have them come into the branch the next morning and we issue them new debit cards right away. Slummy sleeve cover the costs. But if this gets out of hand and they are is an increase. So lets say that keeps going. This could be a big thing easily. Are you prepared for that . It depends on where the liability lies. I am not sure to space on this because im not sure what is being reported in the particular case of target we have no losses. We were able to identify anyone and shut off the cards. Neil but what about if you have hundreds of customers . It is a problem for us. And we try to make good on it. At the law that says that used to be that the vendors absorb the transaction and that was changed by law to wear the banks have to absorb this. But who always pays . The consumer. Because of use darts to take too many lawsuits you have to increase your fees. So that in the end the banks can absorb so much but its just not fair. And so why should target or the vendor who wants to sell products, they know that they are not going to be on the hook for anything. Right. Then you have to put all the things in place and mitigate the loss in the future. I refuse and the name of the company certainly part of that. But this hasnt been the first time its happened with target. No, it is not. Thats a very good point. When we come back, the young and welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex o rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. [cheers] [cheers] one more. Almost done. [cheers] neil out. But it seems a lot of young people can relate. The latest misry for young people in particular are ore down and out than ever we have Charlie Couric and alex smith who seem to know why. And you know whats weird about this is that it is reinvent across the age group and everything. What is going on . I think that Younger Voters are just realizing that their economic circumstances are keeping them from the bigger life chices. Buyinga home, becoming a parentt from all of these things are being puton hold because Younger Voters and young people in general have more personal education and National Debt than any other generation in history. Neil but a lot has been done with a lot of government programs. Loan forgiveness and incentives to buy cars and drop loan debt. So what do you think . Well, i think what we are starting to see is that young people are truly suffering and we are starting to see one of the greatest ironies of our time. The young people and the president build the backbone, they are going to have to pay the programs that they thought they could benefit from i always say that its like a chicken voting for Colonel Sanders and youre having to pay for it and you are suffering and misery index shows it. Neil i bet that there are a lot of chickens like Colonel Sanders. But here is what i am worried about. Is that there is a disconnect and that is they do like the goal of helping people who need help. Maybe themselves included. So is there a disconnect . Or are they getting so miserable now they are rethinking everything or hating everybody . I think that the latest studies show that Younger Voters are trending towards becoming independents in the Republican Party brand is one that needs to sell itself, ny movement is a win for the Republican Party. It shows that young voters are restless and they want Something Different and they are open to an alternative. And they realized what the size and scope of government. They think that the Big Government programs are broken and im not working for them. So i think that we see this movement and its Younger Voters being disinfected with the policy of the president stephen is moving towards republican thinking . And so who is to say this . Well, i think its incumbent on the gop coming up in 2014. They have to make the sales pitch. Young people are suffering and thes no doubt. But that doesnt mean that it will translate with political benefits. The gop has to be able to persuade these individuals and make the bleeding stopped. The president obama said he wants to fundamentally transform america, that is built on the backs of young people and that is predicated on the fact thht young people will be voting for liberal policies in the next 50 years. And if the gop can make a sales pitch, we will have these going 20 or 30 years down the road. You guys are way wiser than her years would indicate. I want to thank you both and i appreciated. Thank you so much. See why democrats are calling for investigations over traffic so talk about a bridge to nowhe where all this derately g cor got mghrisk patienthosterol goal of 100. Way to crestor h to goal is a big speciallou have h choles because uld be atreased r nt engh so,diet a exe tr choltero ng crestor celp. Go, cre ance, rre pwiivise or women who are nursing, pregnant, or may become pregnant. Tell your doctor about other medicines yourtang. Call your doctor rht away if you have muscle pain or weakness, fl unusually tired, have loss of appetite, upper belly pain, dark urine, or yellowing of skin eyes. These could be sig of rare but seris side effects. Crestor yes male announcer ] ask your doctor about crestor. If you cant afford your medication, astrazeneca y be able toelp. If you cant afford your medication, side, soethe cov oft les thats e smart board. What else does it do reverse gravity . [ chuckles ] split atoms . [ whoooosh ] hey, how is that atomsplitting thing going . [ rattling ] [ electronic whistling ] oh [ zap ] a smarter way to shop around. Now, thats progressive. Call or click today. Steam on all right, are your tax dollars going to work or maybe for the wrong work . Or maybe a of this is a piece of work . Democrats are callin for more investigations into why the traffic was backing up. A lot of these same folks havevent said a lot about the people dying in benghazi. Liz macdonald says that she feels upset. So you dont like this is it a double standard . Yes. And what happened with george washgton bridge was awful. People not getting the care they needed, missing children, people searching for those children. It was awful. But what im saying is that everyone in office works for the taxpayer in this and this is not about what is good for the party, via democrats or republicans. But its about what is good for the taxpayer. And that is to get to the bottom of benghazi, its not a political thing. Do not let things like what happened with George Washington bridge happen ever again. Both ith benghazi and the George Washington bridge. If you want to get to the bottom, get to the bottom of t. Going after reporters and the like. They getting to the bottom of these things and not just picking and choosing what you want to get to the bottom of it or not i agree. We should always get to the bottom of these things. Weare going to compare these two, i do think its worth pointing out that the bridge fiasco is pure and simple a political punching bag issue. Neil so what were they targeting . Was a blatant political targeting . Yes, quite a few did call for investigation of that and i wanted to contrast it with benghazi which was a horrible National Tragedy that affects all of us and that of course we should investigate what went wrong. But not to confuse it with a political situation. We dont know what was going on there. Im saying is that this is part of the argument. Yes, they should be it on twitter right now. Thats all they do. Absolutely. Yes, you are absolutely right and thats when trying to get out. We see so much about the Political Parties and we have to go after the root of this and what is best for theu. S. Taxpayer. Im not trying to minimize this. I think its a clear thing that is orchestrated by the governor. And we see this all the time on the right and left and a promise of action, getting to the bottom of this. The other side calling for the investigation and i think that both sides should be defended and all of theabove. And yet i think that they both talk about the. Well, you know, we are partly to blame. On the behalf of liz macdonald. And so we love these boxing matches and we love the fights and i think the American People, they love them too. But generally they dont love the fights. So the question becomes how high up did it go. This thing with Chris Christie is unique because it was so close to him and he has said as much. I think you it personally bothers me on that level alone. But with the irs then, it was not particularly high,. Good luck because its talking about what is going on with the irs. And so that is the problem. And its scary for every taxpayer in this country what is going on in the politicization of impossible with the agency. But atom doesnt adam doesnt care. Yes, i do care. Especially if it were politicized at a high level. We do know that 10 Democratic Senators put pressure to do more okay, i b you thought that those jobs created last month were pretty bad. What if i told you that the president gets his way and he will be begging for this [ male announcer ] this is the story of the little room over the pizza place on Chestnut Street the modest first floor bedroom in tallinn, estonia and the southbound bus barreli down i95. This magic moment it is the story of where every great idea begins. And of the who believed they had thpower to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way ours did in a little dorm room 2713. This magic moment we are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Neil halftime, republicans are at full throttle. Sixteen of them sending a letter to president obama, warning him that if he gets his way he is here to spell it out ith me now. Its great to have you. Happy new year. Its my pleasure. You are not happy about this . Can you explain . The immigration policy has been the focus on the Economic Impact of thepolicies that we promulgate by way of exale. Just this week we are talking about Unemployment Insurance extension and senator harry reid talked about there being three people competing for every job. That being the case, why would you want to undethe gang of eight bell, seeking to impose its, bringing in or legalizing up to 44 million foreigners competing for jobs. It just doesnt make economic sense. The response that you generally here is that they wont instantly all be recognized. So you might instantly be making a fuss out of nothing. Do you have anything to say that . That is true, but i didnt use the word instantly. Im talking over a tenyear period of time. According to the department of homeland security, the amnesty bill will bring in 3 million per year for 10 years come a little bit over 10 million and at the same time it is supposed to be in neighborhood of 11 Million People we believe the Census Department and i dont believe that the error rate was that low when they were trying to count people in so i think in 40 million over a tenyear period of time come as a conservativestimate. When you look at the number of total jobs that we have, abou 144 million. We have this massive influx of people that are already here and you are looking at a 25 increase over this tenyear period of ime. It will have an adverse effect on those who are struggling and seeking jobs for those who are working at wages that are being artificially suppressed because of the large number of immigrants that we have allowed. Neil i have to tell you that the speaker seems hot to get immigration done. So how do you feel about that . Well, im concerned that the houseleadehichas t ariety oitions on gration, mconned at they l ve d gett into to bea pa of hat. Increasingly it has been antisome of the more conservative members, yourself included. Absolutely. There are a number of us that share that concern although we dont know for sure what the speakers position will be this time. We are anxiously awaitingo su month. The one it sound like youre not a big fan. I am not. What can happen is good for our country . Not much. Congress haseen ratified by the senate and thereafter must be signed by the president of the United States and we have two bodies from the white house and the senate that insist on amnesty. So why are we pushing immigration bills we might like in the house of representatives in my be productive for American Families and wage earners when we know that whatever we pass in the house has to go through a senate and the white house were will be dramatically changed probably in an adverse way americans with their incomes than