we are talking it dealmaking with gregg lemkau. e kinds of deals getting done now feel better than they did back in 2007 and better in 2000 another crazy era. what doesn't feel right? gregg: the transactions are positive and the equity market is new. we have not seen the stock price going up on announcement transactions. they usually get discounted. there is risk around the execution. the market's giving credit for the increase and a giving credit ahead of time for the implementation of synergies. stephanie: the market assumes the deals will go through. gregg: synergies will get delivered as the company says they will get delivered. stephanie: they won't have to see for for five years if it gets delivered. are there long-term investors anymore? gregg: people have to find somewhere to keep their money. they are not voting with their feet in selling. they are influencing of the outcomes. erik: what kind of a factor are hostile bids lane? we've seen a big pickup in unsolicited transactions. gregg: probably more actively we have seen co

earlier today and he and i hope with the head of m&a, gregg lemkau.g: the activities on patch to match what we did in 2007 and elevating through the years. in theone trillion second quarter. the pace seems to be accelerating and the kind of transaction we have seen and what we see in the pipeline indicates that will continue through the rest of the year. scarlet: show that give us concern of what is happening? g: the nature continues to be smart transactions. stephanie: didn't we think that then, to? o? >> in 2007 what we saw was an lbo asset. i think the trend we are seeing the biggest corporations taking advantage of the low interest rate environment to do smart consolidating industry defining transactions that help drive growth in a low organic growth rate environment or cost savings. the easiest thing to do is look at the total of deals announced and deals completed and try to pass judgment on the basis of those data points alone on whether the market is hot or not. what metrics saying more to a banker like yourself about what is happening in the

gregg lemkau, of goldman sachs is going to join "market makers."rveillance" on blumer television and radio. good morning. ♪ tom: good morning, everyone. "bloomberg surveillance." let's get to our top headlines. here is vonnie quinn. vonnie: an 18-year-old french girls making researchers take a new look at treating hiv. she has been in remission for five years without the drugs. the girl was born with the virus and received anti-aids drugs until she was six years old. early treatment can help patients control hiv without taking medicines their entire life. verizon's reporting revenues this morning that fell short of forecasts. the telecom giant posted second quarter revenues of $32.2 billion, but $200 million shorter than estimates. the company is projecting revenue growth of at least 3% this year. verizon down .7% in the premarket. a new internet marketplace is launching today. jet.com plans to challenge amazon and costco. it is offering a wide array of items. it promises a refund of $50 if you do not say that much. it costs $50 a month. tom: scarl