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Now your monthly payment is $1267. you have the total cost of a loan that is $16,000 more. with the fed hiking interest rates, it's a sign of strength in the economy, a sign the fed expects inflation to grow. they are going to put the brakes on a little bit. i would say they have pedal to the metal for so long trying to support the economy, now they are taking their foot off a little bit. that will raise borrowing costs for businesses and consumers. if you are a saver, this is great news. all the people who have been complaining about a bubble in the stock market and savers have been screwed f...

Case that the recovery act, the actions of the federal reserve, the autos, even the much distasteful t.a.r.p. helped to accelerate those corrections. >> peter, can we expect the fed do you think will do another round of quantitative easing? if we get a qe-3, project out for me what does that do, do you think, to october jobs numbers, the last numbers before the november election? >> i do think we'll get another round of quantitative easing, thousand it will be redundant because of all the money from europe and already pushed down rates. it won't have a lot of consequence for october. i think j...

And orlando. u.s. economic growth slowed as expected in the second quarter. we have been waiting for the revised numbers at their slowest pace in a year. gross domestic product expanded at 1.5%. some pressure potentially on the federal reserve to act. a few minutes away from the opening bell. let's get the market run down earlier than normal. becky quick, gdp and the numbers, we knew that they were going to be this mediocre to bad. was it built in? >> that keeps us right into the holding pattern at this point. that was right around what a lot of people had been expecting. at this point it didn...