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This is CBS Eye on the World. Here's John Bachelor

The American Economy weeks before the American election, and the question always, what will the Federal Reserve do in November?

I welcome Elizabeth Peak,

Calvinist at the Hill, columnist at Fox News, much on Fox Business.

We attend to the American economy because it would appear

that American shoppers are still quite vigorous.

Maybe a hesitation in the markets, can't tell.

Liz, a very good evening to you, it's a week since we observed that the markets are on pause. The pause continues.

There's the Magnificent Seven, they're not going anywhere that the market doesn't go, but right now they were the market for most of the year.

The bank earnings look very attractive old school thinking when bank earnings are good

the market is in a good mood does that hold up Liz good evening to you. are good

good mood.

Well certainly J.P. Morgan coming out with good earnings and Bank of America's earnings are pretty good

Goldman Sachs all of that is quite positive for the market.

...