for "nightly business report," >> joe durand joining us to talk about the dollar's impact on the equity markets and what it means for your portfolio. he's the ceo of united capital advisors a management firm with over $3 billion in assets. it feels like the rising dollar is the excuse dejour like bad weather was last year. but here's the question for you. you say that the progress of u.s. equities basically depends on two things. one is monetary policy. the other is corporate profit. how big an effect is the rising dollar really going to be on corporate profits and will it be so great that it could truly kneecap this bull market? >> no i don't think that it will. it can have an impact and as bob pisani said earlier, it really depends on how the company operates because they manufacture dollars or sell dollars, it has a very different impact. most of these global companies are very accustomed to significant swings in currency. the biggest issue is the rate of change and how quickly it's happening. it's very hard for a company to adapt if you have a very volatile environment. it's difficu