i'm here with gregg lemkau. heard, it has been a pretty brutal day in the markets. we do have is white-hot iv a market. -- ipo market. what should ipo investors and companies going public be thinking on a day like today? gregg: thank you for having me and thank you to bloomberg for broadcasting of the goldman sachs leverage finance conference. the markets, it has been a bumpy couple of days in the markets. as i have talked to client about what is going on and what they think about the markets, they are largely focused on whether the president's tweet from sunday ends up being rhetoric or policy. i think we have seen the impact of the potential for it to be policy in the market the past couple of days. if it turns out to be rhetoric to get a better trade deal, i think the market will snap back. it turns out to be policy, it will be bad news for the markets more broadly. ed: as it relates to ipo, the ipo market has been the story of the second quarter. it is quite exciting the number of companies that have gone pub