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Happening there for the last couple of days. today was supposed to be the day of rage in saudi arabia, but those protests fizzled out. combine that with the pictures you're seeing coming out of japan and people have very different views today as we head into this weekend. on monday morning, the bank of japan will be holding a one-day meeting. it was originally scheduled to be two days. it will be one day and they will be making an announcement at the end of the day to try to stabilize markets there. guys, over to you. >> becky, very quickly, you know that president obama is holding a news conf...

Have been a much bigger protest by opening fire. sound like iran, no? president obama linking those protests to your pain at the pump and trying to ease uncertainty in the markets. >> part of it though is also uncertainty in terms of what's happening in the middle east. so, one of the messages that i want to send today is that we are confident about our ability to fill any potential gaps in supply. >> joining us now, former ambassador to mor ko, mark ginsburg and david strahan. david, just how severe is the oil situation right now pricing wise? >> i don't think there's a shortage of oil anywhe...

Report, i'll pull out another one, bernard bermole, they may be putting hiring plans on hold while they try to assess what kind of impact the oil situation will have for their business because it means higher shipping costs, higher input cost, it's more expensive to run the factory in general, it's more expensive to buy products, packaging and everything. so that's something that it could mean trouble for the economy if you still continue to see oil prices rise. >> stephen, as you like to remind us, there is something good about oil over $100 or $150 a barrel, because it stimulates other inves...

Do we want it to join the rest of the world with a push towards something democracy? >> well, for six decades both republicans and democrats have given lip service to democracy in the values of freedom but they've done very little about it. the obama administration was also slow off the mark in tunisia, it took really the momentum of the protest in cairo to galvanize it to get out in front and say it's time for the leadership in egypt to recognize the will of the people. and it's taken a much greater step in libya, in talking very bluntly about the outrageous behavior of a leader. remember, th...

The will of the people. and it's taken a much greater step in libya, in talking very bluntly about the outrageous behavior of a leader. remember, this was just ten years ago that the bush administration was trying to make libya the example of a country that could be redeemed, that could by cooperating on weapons of mass destruction, on counterterrorism, could be brought in from the cold at that point three decades. and could deal again with the international community. now we've officially given up and there's no way that colonel gadhafi will ever be embraced by the united states and probably ...