joining us is court knee gibsco gibson. >> we've seen terror attacks in england and the markets have yawned at the terror attacks and we keep setting records for the s&p and the nasdaq. >> it's unfortunate, i think. i think the market is somewhat desensitized from some of these things. the good news is we're actually focused on economic data and actually focused on the earnings that we're seeing coming out of the market right now and i think that's part of what is fuelling the market to continue to move higher here and despite some of the unfortunate efforts that we've seen globally. >> the federal reserve released minutes from its last minute this week. the fed meets again in june and there are some market expectations that they're going to raise rates again. what do you think the impact would be? >> i think the impact is broad and it's different for different people. so for the average american, raised interest rates obviously will mean higher mortgage rates potentially on the long end of course. auto loan rates will go up. hopefully we'll begin to see some of those savings rates i