and steve dudash joining us to take the other side of that debate. welcome, pleasure to have both of you here. >> thank you. >> christina, you think it might put pressure on profit margins. at current interest rate levels, or if they move decidedly higher? >> if they move decidedly higher, borrowing costs will increase. that will definity put pressure on profit margins, in addition to other precious we're likely to see like an increase in wages. >> let me turn to you, steve. you say among other things that on the whole, rising rates are going to be a net positive for equities. i can see where it's going to help financial companies, their net interest margins will expand as they're able to charge more because, by the way, they usually charge more for loans than they pay you in deposit accounts. but how else is it going to help stocks? >> umm, well, okay. let me take a slightly different approach. if we're not going to raise interest rates, when are we? we just came off a year when the market is up 20%, 3% gdp, unemployment very, very low right now. wh