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 may sell profitable positions in liquid markets like the u.s. i worry about the contagion risk. $50 billion into the debt. $3 billion came out. a lot of people with emerging market exposure out there if things escalated. that

joining me now, richard wolff, executive editor of msnbc.com and author of the new book "the message: the reselling of president obama." and jared bernstein, a senior fellow at the center on budget and policy priorities, an msnbc contributor. richard, so the republican with the highest unemployment rate in the senate is on board for this. >> what a coincidence. >> big surprise. but the next one down, i believe, is mark kirk in illinois, which has awn employment rate that's above the 7% national average. he's not on board yet. and probably there's a very high unemployment rate in mississippi with two republican senators. it would seem that that's where you would try to get your support for this. >> right. and it's not surprising that the president's going to go out tomorrow and apply a lot of public pressure on these republicans. whenever you get the president out there with real people behind him, in this case people who are looking for unemployment benefits, to try and put pressure on the congress to do something, it's one of two things. either they are gettable, you have these vulnerable republicans who have high unemployment in their s