Guest: Brad Williams, discusses with Kurt Schemers surging US household debt that hits a record high of $12.96 trillion. Consumers continue to pile on debt while credit cards and auto loan delinquency rates follow along hitting the second highest level in more than a decade.

News: Holiday spending numbers are coming in as consumers spent over $800 billion as reported by MasterCard right after Christmas. MasterCard contributed the boost in credit card use to “growing consumer confidence, rising employment, and early discounts” offered by retailers. Online sales rose 18.1 percent during the holiday season thanks to a late rally in sales, according to MasterCard.

Stocks talk about were $AMZN $MA $V $SHLD $JPC

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