also joining me is jeffrey mccracken. jeff, let's start with you.ng about the low cost of money. aboute's what i will say 2016. we have a story that's going to go out later today that's -- is this a peak? i think the conclusion that we have come to is, next year is going to be busy, but you will not see as many of these $50 billion plus deals. you will see $5 billion to $10 billion. a lot of companies have done their big deals and the regulators in d.c. are putting more scrutiny on these deals. the big health insurance companies have all come together this summer. i think there is going to be some pushback next year. that might hold off some deals that people were thinking of doing. that is our view. betty: i see you nodding your head. it's hard to see so many $50 billion deals happening next year. i would have said at the end of the first half that we weren't going to see as many $50 billion deals in the second half and we have exceeded that. betty: is that a time when you are glad you are wrong? frank: exactly. there was not a lot of m&a 2013ity f

futures, -16 let's bring in jeffrey mccracken. he wrote our lead story.lined up here as we see this announcement. if you are just joining us, it is dow-dupont, and dow chemical is a commodity chemical company with dupont the miracle of science being more specialty chemical. francine? francine: this is a merger we have been talking about for a couple of days because we had that initial scoop, dupont and dow chemical combining. you are asking whether this is a merger of equals p they will merge and separate into public companies. and 10% of the jobs at dupont will be affected. tom: jeff mccracken is joining us now. it isn't it -- why is downdupont, and not dupontdow? jeff: the ceo tried to do this for years and years and got pushed back by dupont. edward breen was interested in doing the deal. tom: i would think carl icahn and dan loeb and the others would be having cocktails tonight at a new swank place over on 50 7th avenue. what did you learn this year about activists joining megamergers like this? jeff: the question is whether they have hit a peak. i am