paul taubman says any slogan is an opportunity to pick up new talent.t has helped him in the past decade. here's my interview with him from earlier today. paul: we see tremendous opportunity to grow. this is a conducive environment to grow. you need to see m&a slow down in order to hire the best m&a bankers. that is the ultimate paradox. the reason for that is because the switching costs are much lower when dealing with a low velocity environment. trying to get a best in class m&a banker to leave in the midst of an m&a bull run when there loaded with mandates, the costs to extract themselves, they leave their clients in the lurch. we are advantage of the fact that even though the environment is challenging in the near term, we know it is going to come back. we want to continue to press forward and grow the franchise. sonali: how fast do you actually expect acquisitions to be coming back to the market? paul: the pace of activity and dialogue is picking up. we are looking at levels today we have not seen in more than a decade. m&a volumes today are not mu

we have an exclusive interview with paul taubman. you have the jolts breaking right now. we will have analysis with tim fiore. i'm alix steel with my cohost guy johnson. welcome to" bloomberg markets." guy: the ism hitting a bottom. the jolts number comes in shy. mike mckee joins us to break down the numbers. what do you see in front of you. guy: jay powell -- mike: -- it is down from the forecast. that is a little bit better improvement in terms of jolts. the ism number comes in at 46.4. not as good as the 46.9 people thought. prices paid at 2.46. employment is also down. new orders for ism. maybe you are right. maybe we see a bottoming out for the numbers but in terms of the ism, certainly, not anything that screams good news. back to the jolts. hires decreased as well as the number of job openings. hires fall by 326,000. the quit rate is at 2.4%. that comes down from 2.6%. a little bit more good news for the fed which will see this as the labor market loosening up. alix: great breakdown. the market where you are seeing a little movement is in the front end. let's get i