we are joined by jeff mccracken. >> weeks ago, they were really strong in the energy space.e. they run the deal. it will get a lot out of that. they brought a guy named woody young and he was in the middle of the deal before the banks ever knew about the deal. alix: the rotation from active to pass his management, is that the right assumption? >> i think they just wanted to grow in the area. it is something they talked about doing for a while. they knew the low more. i would not be surprised if down the road, you saw center view or some other boutiques. i could see them buying up other areas. >> what does this mean forever core? , ewa court isnce probably the best boutique in terms of their size and scope. top of the chain most of the time. big banks, it is goldman and everybody else. be as goodggling to as morgan stanley and jpmorgan. and they are always struggling to be as good as goldman. you have been on the program a lot recently. with the exception of one weekend, before the election. now?e over that is there enough vision going forward to execute on some of deals? >>

he spoke to bloomberg's jeff mccracken about what's behind the surge in activity and what may lie aheadwhat's going on? i would think an election would make people slow down and be a little concerned, a little worried, but that doesn't seem like that had any impact at all. >> the election would have mattered if equity prices had been more volatile. one of the things about this last quarter, it's been incredibly stable equity prices, at least for very large companies. in a lot of these big deals typically involve some equity. that has been helpful. the fundamental factors are strong. august and september was light, nothing will approximate the fourth quarter of last year, but it's very strong with fundamental drivers are still there. low growth, which is bad for most things, that is how you get growth. very accommodating capital markets. jeff: gen baker hughes, ge is going to own 62% or so of baker hughes. oil and gas and energy is not a space that has been slow. we were talking about how it's a surprise for you that we haven't seen more big deals in the oil and gas space. >> there's so

jeff mccracken is standing by of --ileen nugent, cohead jeff: we do have eileen here. worked on one of the more interesting deals when a chinese insurance company made a run. they tried to buy starwood. in the end it didn't work out. i'm curious from that and other deals you have been around, what has interested the chinese in these u.s. assets? there have been so many outbound deals. market the united states has been and remains a consistent growth model. it is a great place for any economy as large as china's to diversify their interests. i think often they view the a way of growing their bung audience. jeff: there has been some pushback and concern from lawmakers and bankers, saying we ought to slow down our activity into the u.s. with this new administration. what is your view? do you think that is the right advice for your clients? eileen: i don't think it is ever quite that easy. dependentys -- there are always more regulatory issues paved by u.s. domesticthen deals and that has always been the case. they're obviously is more focus on it right now. if a deal is p

scarlet: jeff mccracken, thanks so much.d. timeas taking an specified off for health reasons. she began her reporting career in the late 1970's, carving out a niche for herself as a political journalist at a time when black journalists and black female reporters were ray or in newsrooms. she was 61 years old. president obama and president and we get opinion into of mexico spoke on the phone today. the white house said the discussed taking steps to solidify the relations between the two countries. president-elect donald trump has said he will build a wall on the u.s. southern border and that mexico will pay for it. president of mexico has said the country will not pay for the wall. homeland security secretary jeh knowon says he does not about the estimate used as emigrants. he had this to say when asked about the cost of deporting that many people in a year. >> billions. it is important to remember that in our system of government, virtually everything that the executive branch wants to do by way of significant policy change,

jeff mccracken, executive editor from global out -- global m&a at , whoberg, and scott bok worked on save a lot deal and metal nine. jeff, take it away. jeff: yes, we have scott here. it's been an interesting month. people,iewed a lot of the month leading up to the election might slow down. people might be concerned that this is a volatile situation, but obviously they were wrong. turned out to be a record-breaking month. do people just assume they already know the outcome? why did we have such a crazy there's the: element of various deals coming together at once. about a month ago business people got a general sense of how the election was going to come out. clinton in the white house and the republicans in at least one house. i think that part of the flurry of deals that we saw with our firm as well, came from confidence that it was all going to work out ok. scott: what's your position -- jeff: what's your position, if you will? how's it going to play out tomorrow? scott: the conventional wisdom now, and it has been this year for some time, the clinton would win the white house. rep

recent time warner dale, he spoke to jeff mccracken about how politics and stock prices have been driving of the recent action. >> well, i think the election would have mattered if equity prices had been more volatile. one of the things about the last quarter is that it has been incredibly stable equity prices for large companies. and a lot of the big deals typically involves some equity which has been helpful. but the fundamental factors, they are very strong. september was a little bit light. and i don't think anything will approximate the fourth quarter of last year. but very strong and the fundamental drivers are still there. low growth -- bad for most things but good for m&a and accommodating capital markets. >> we mentioned the deals you worked on this year. are those deals any harder? $10 is the challenge in the billion plus deals? >> there is one challenge. which is obviously that there is a more difficult regulatory environment. to me, it is pretty amazing that the stuff that i do, not usually of interest to that many people, got into the presidential debate if you weeks ago. so