john lonski and his long-term forecast at the end of the quarter which is monday.: general motors announcing today its recall over faulty emissions. dozens of crashes, 824,000 cars added to the 1.6 million recall last month. gm is also ordering a halt to some chevy crew's deliveries. but they won't say why. and turning to the federal government which they close a investigation into tesla buyers last month, the government says they didn't find what it calls -- and i love his expression, a defect trend. the good you can have a defect but not a trend or whatever it is. whatever it is, it's up 2.5% on the outcome of this. and stocks ending the week mixed report. expecting equities rise by 5% this year. joining us is the chief economist for moody's. john lonski. great to see you and the market is posting a decent performance today. don't you think? >> yes, it is preferable to no growth at all and i think i will be the case for this year. it's not going to be gangbusters for the u.s. economy but we will make progress. we are going to lower the autumn when it rained and a

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john lonski as well, moody's chief economist and brian sossi from belus capital advisors. judy, i want to start with you. what do you think of what you just heard? >> i agree almost absolutely with what ambassador taylor said, we need to give putin a chance to opportunity to back down from the him he climbed down on. melissa: do you think he would take that opportunity because he doesn't feel a backdown kind of guy to me? >> no he is not. if he accomplishes what he wants, independence of crimea and as as insurance of use of that base i'm not sure he wants to send his troops into eastern ukraine? why would he do that? look at reaction of the russian stock market, 12%. the ruble is in freeh fault. the central bank had to raise interest rates to stop the currency from completely falling apart this is not a really strong economy. melissa: no. >> and -- melissa: it is not. do we want to apply any sort of economic pressure, do you think? >> only if necessary. we want to use economic pressure if diplomacy fails. right now the reason why the price of oil is higher, the german stoc