marty feldstein is that man.n addition to being on the harvard faculty is a top economic adviser to presidents reagan and george w. bush. >> july on this network you said it is important tore tapering to begin but you doubted it would happen in september. how do you feel now? >> i think they'll do it now. >> a week and a half away. >> because if they don't, they have to say the economy is weak and they haven't succeeded in improving things. now the truth is, the economy is weak. but they're not accomplishing anything other than creating a lot of risk and making a lot of people in emerging markets in very unhappy. >> did they accomplish anything with qe? >> early on, probably. they helped the housing market. the housing market would recover at some point anyway. they gave it extra pressure by bringing mortgage rates down. you can't keep rates abnormally low forever without creating a lot of risks. i think they have to pull back. i think ben, in expectation of leaving in a couple of months wants to have some closur

melissa: marti feldstein, thank you so much for coming on. we appreciate. >> good being with you again. melissa: next on "money," mark cuban finally gets his day in court. it is one big, ugly fight. the billionaire entrepreneur taking sec head on over insider trading charges. it is all the word on wall street. we have the inside scoop. >>> do not back down. israel's benjamin netanyahu tells president obama that no slack can be given over iran's nuclear program. we'll tell you why it could break the bank for u.s. involvement in the middle east. more "money" coming up. any last requests mr. baldwin? do you mind grabbing my phone and opening the capital one rchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet? how

to tune in when i interview my most favorite professor from margaret, the economic genius to marty feldsteinnday. i will be thinking in dreaming about it all weekend. have a great weekend. "the willis report" is coming up [cheers] [cheers] john: hundreds of union teachers once showed up outside of my office to shout shame on me. why have tenure? now a school reform movement has spread to other countries and unions theare don't like it either. get outside of the protest, there is progress. >> it taught me a lot of things. john: now ron paul is a new tool for homeschooling. >> let me hear your voice. john: but the unions make it hard to innovate. it is not just the

to tune in when i interview my most favorite professor from margaret, the economic genius to marty feldsteinking in dreaming about it all weekend. have a great weekend. "the willis report" is coming up next. ♪ gerri: hello, everybody. i'm gerri willis perry's tonight on "the willis report" just a few days before the obamacare insurance exchanges open for business. we have the latest on whether they will be ready. also, the first-ever test for new safety features on cars. are they worth it? we are about to find out. pandowdy you do that? picking the right real estate agent. watching out for you tonight on "the willis report." ♪ gerri: our top story tonight, glitches, delays to mike capps.

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. >>> when we come back, we have "squawk box" market master marty feldstein joining us to talk aboutmore with our guest host today. >>> wait until you see this, the latest interview with john mcafee, talks drugs, crazy videos and his new wife in an exclusive interview with jane wells. >>> ever wonder how the real magic is made? craving the behind the scenes dirt? do you wonder what we talk about in the commercial breaks? then the talking squawk blog is for you. go to squawk.cnbc.com. this week's edition wraps up an amazing week of guests. buffett, moynihan, druckenmiller, blankfein, and captain underpants. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> the market at least for one day welcomed the fed's decision to stay the course this week. but is it cause for concern? joining us now, former chairman of the council of economic advisers under president reagan. and a professor of economi