joining me now, tyler mathison, i've been see s blurbs that the markets are reacting well and main street known for being one of the first inside the fed to have warned about the possibility of a housing collapse and the great recession during those years in the middle of the last decade when interest rates were low and housing prices were going way up. you mentioned her history as and economist and professional, one of the ironies here, her first job as a professor of economics at harvard, whom did she teach? larry summers, the guy who just referenced as president obama's potentially first choice until the political flak started flying. she is favor on wall street because shegs widely regarded as a person who will continue the monetary easing policies that ben bernanke has been known for. that is why wall street likes her. the idea of continuing to pump money into the system by buying federal treasury securities and mortgage backed securities, that is something that she has supported. so wall street likes her. she's in favor of keeping interest rates down. that would be why main street l

joining me now tyler mathison, the dow up more than 100 points on optimism that a deal was going to come through. at this point, the markets appear to be pretty optimistic, no? >> they absolutely do, craig. you nailed it there, thursday and friday when word began to come out that maybe there was some progress towards a deal, you had the best gain in point terms for the dow all year. then this morning investors came in and saw there had been no deem over the weekend, some of the talk seemed to be a little bit more log jam than maybe folks had hoped for so the markets opened way lower and when senator reid said he was at first hopeful and in the last couple of minutes on the senate floor, he and mr. mcconnell said they were still working and were hopeful. and of course they meet with the president in about 45 minutes. that was when the market turned positive. right now though the stock market is off its highs for the day, they still are showing a pretty nice gains there, up about 50 points on the dow and half dozen points or so, 4.5 points on the s&p 500. of course, worth noting, craig, to