the private credit business much like private equity, private real estate, energy, infrastructure, unvestors are recognizing there is a premium to being in private credit. the premium is drawing investors into the market and we can do private structure plays, and we have begun to build a large credit business. maria: tell me about the policies out much washington and what that means for your business. i know you have been waiting on the infrastructure project. $200 billion in federal money. the energy business and rollback in regulation. how do the policy changes impact how you allocate money. >> it has less to do with lou we allocate and much to do with our optimism that it will perform the way we hope it will perform. we are getting tail winds where historically there might have been head winds. tax reform. the opportunity to in fact lower tax rates by 40% across our u.s. portfolio companies and take that capital and reinvest it in growth is huge. we see a net positive from tax reform. regulatory changes have been material and they are showing up in all aspects of the business. but i think

the private credit business much like private equity, private real estate, energy, infrastructure, unvestors are recognizing there is a premium to being in private credit. the premium is drawing investors into the market and we can do private structure plays, and we have begun to build a large credit business. maria: tell me about the policies out much washington and what that means for your business. i know you have been waiting on the infrastructure project. $200 billion in federal money. the energy business and rollback in regulation. how do the policy changes impact how you allocate money. >> it has less to do with lou we allocate and much to do with our optimism that it will perform the way we hope it will perform. we are getting tail winds where historically there might have been head winds. tax reform. the opportunity to in fact lower tax rates by 40% across our u.s. portfolio companies and take that capital and reinvest it in growth is huge. we see a net positive from tax reform. regulatory changes have been material and they are showing up in all aspects of the business. but i think

unvestors seeing a great week after the market arounded one of its worst weeks in a while.our pen and pad and we'll be right back. fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. i want you to pick a new truck for your mom or dad, knowing that they could possibly pass it down to you one day. cool. but before you decide, you should know that chevy silverado's are the most dependable, longest lasting full-size pickups on the road. which means that ford f-150s are not. (laughs) which truck would you pick? the chevy. the chevy. the chevy. there you go. boom. that was obvious. plus it looks cooler. no doubt about it. now they know what to get me. (laughs) retail. under pressure like never before. and its connected technology that's moving