and toyota, keeping the crowd as the world's best selling car maker, beating gm and vw. toyota sales up 2% to 10 million vehicles. >> the markets got slammed this week. we are in the thick of earnings season. what will the fed do next? joining me with answers, richard bernstein, ceo of richard bernstein advisers. rich, rebecca, thank you for being with us. rough couple daze, rough week in general, how concerned should we be? >> no more than normal, carl. we have to be careful, extrapolating two, three days into a long term trend. there are some real problems in emerging markets. here in the united states, things continue to improve. i think the economy is reasonably good. not strong. but reasonably good. and the earnings season is going to turn out to be reasonably good. >> rebecca, how long can we or should we be looking past some international phenomenon? rich is referring to? >> when it comes to emerging market pressures we are seeing now. the thing to worry about. if you have money managers out there who have to cover losses, getting on emerging market positions they