peter fisher among our guests. we're coming right back.ppy couple used capital one venture miles for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ] watch the elbows ladies. lou: on wall street stocks moving higher ahead of the federal reserve decision with another round of possibly monetary stimulus. the dow and nasdaq both up. investors relieved by a court ruling clearing the way for the countries contributes $640 billion bailout. in corporate news apple unveiling their new iphone today, iphone 5. more powerful chip and guess what, prices start at $199. thank you very much. systems announcing talks about combining the merger resulted in the world's largest aerospace company increased com

former obama economic adviser austan goolsbee and peter fisher.give us their perspective and outlook on our markets and this economy. coming up next >> to be a choice between different paths for america. the choice between two fundamentally different visions for the future. ours is a fight to restore the values that built the largest middle class and strongest economy in world has ever known. lou: president obama at the convention last week. something of a late discovery this nation is founded on our middle class. he spends a lot of time talking about minority interest, but there is little on the working men and women of our middle class. 95% of all americans consider themselves in the middle class. according to the census bureau, median household income fell 1.5% to just over $50,000. 1.5% in one year. but that isn't all. the second straight decline in a row, at 15% as of last year. from the census bureau. it is a very high number for a superpower, don't you think? that is statistically unchanged as well from the previous year. talking roughly 46

. >> we'll talk with peter fisher.will be terrific to got a real good idea what will happen to the markets and this economy. great to be with you. lori: rising tensions overseas are they going to lead to rising pricewaterhousecooperses over here at home in gas? liz macdonald looks compared to 1979 and what is happening now. melissa: as we go to break look at winners and losers. you can see monster beverage corp. up today higher 6%. we'll be right back. >> breaking news coming to us from our friends at "the wall street journal" attorney general eric holder is cutting short his trip to qatar to oversee a federal probe on the embassy attack in libya. that news coming in right now. >> all of this as gasoline prices rising, tensions in the arab world harkens back to 1979. emac is here with emac's bottom line. >> about speed of increasing gas prices. we're seeing gas prices rise by a nickel. 17 cents versus a month ago. almost a quarter from a year ago. economists on wall street are comparing this to the first quarter of 201

peter, what i found extraordinary was he actually came out specifically against that 2015 figure saying that the fed is going to have to raise rates before 2015, most likely it will do that. now, richard fisher'sn on this program many times with criticisms but has never been that specific. these are the most specific criticisms of the last qe that i've ever seen. >> reporter: yeah, i would agree. and, listen, this was a very beefy, meaty speech by president plosser. it was 11 pages. it was full of policy, a lot of academic arguments as well on why this may or may not work. he momentum think it will -- he doesn't think it will. and, of course, he is very concerned about inflation, he is an inflation hawk, so he wanted to make sure that he laid down his marker once again in this debate as it goes forward, and he also wants to talk to the public about the possible risks of all this to help them navigate all this down the road. liz: and it is a debate because boston fed's president gave you an exclusive interview a week ago, and in the essence he said, quote: qe will help. i think it'll have a material impact, and there are a number of ways it can happen, one is the housing market. and he went on

richard fisher is a voting member and he'll join us with what happened behind closed doors at the top of the hour. [ horn honks ] hey, it's sandra -- from accounting. petern see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >>> we're back and we're in the chairs. joe is reading our horoscopes. >> i messed up. he's not a voting number. >> he would have voted no. >> i'm sure. >> i thought i looked it up in the charts, i was wrong. he's not a voting member but he'll still be here and tell us what happens and what he thinks about it all. >> remember what -- oh, it's awful, i referred to paul krugman, a co-commie with dean baker. anything keynesian these guys love and say there's no harmful effects of everything. erin said maybe the commodity prices are up because of quantitative easing

peter mackay to get underway shortly. running just a little bit late. some programming information -- our campaign 2012 coverage continues live within nebraska senate debate between bob kerrey and deb fisher. that is an open seat. we will have that courtesy of k ect. also, more 2012 coverage with live wisconsin senate debate. tammy baldwin will debate. that seat is open. the debate is hosted by the wisconsin broadcasters association. that is live at 9:00 p.m. eastern. c-span will carry that, too. you can watch it online at c- span.org. >> good morning. it is always an honor to be able to welcome peter mackay to the pentagon. this is the second time i have had the privilege of hosting him here in washington, and the seventh time that we have met since i became secretary of defense. i think it is fair to say that we built a close working relationship between our two countries. we are not just neighbors, we are close allies and are working together on a number of issues. the close working relationship testifies to the importance of the larger united states-canada relationship, and to our defense partnership. our countries, as i said, we are neighbors, we are friends, and our military's are w