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Bloomberg Surveillance

M&A Volumes Peaked in 2015 Says Bory

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 21 November 2017

⏱️ 33 minutes

🧾️ Download transcript

Summary

George Bory, Wells Fargo Securities Head of Credit Strategy, says this year's M&A activity showed a notable slowdown because of politics and tax structure. Steve Bell, Bipartisan Policy Center Senior Advisor, says the Republican proposed tax bill will help the Democrats next year if passed. Tobias Levkovich, Citigroup Chief U.S. Equity Strategist, says Investors are caught between two very powerful forces: FOMO (Fear of Missing Out) and FOMU (Fear of Messing Up)..

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Transcript

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0:04.7

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0:10.8

And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

0:28.0

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0:35.2

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0:41.5

Bloomberg.

0:52.0

John, you know, there's Germany, which is a huge deal, way bigger than the US press, is given it. And there's the budget in the United Kingdom I guess we've got to go

0:54.8

like we did yesterday on Arsenal Tottenham the budget process in the United Kingdom John

1:00.0

seems so different than over here yeah a distinctive feature from the lad from Coventry?

1:05.2

Well, it's a parliamentary system and I think it's a lot easier to execute the budget in the

1:08.3

United Kingdom than it is here in the United States, for one.

1:11.6

I mean, there's so many people that have told me when I first moved

1:13.8

over here when they introduce the budget here in the United States it's a

1:17.2

little bit different because it takes a long long time to actually get any

1:20.0

kind of approval. In the UK you have a majority in Parliament, the Chancellor

1:24.4

introduces the budget and it's kind of just done. You accept what comes through

1:28.8

and then that's it through the term of Parliament. Very good. And then they redo it the following year.

1:34.0

Well, spreads are in.

1:35.0

I mean, you know, that's where we are.

1:36.0

They're going to deal with that in the United Kingdom and everywhere else.

1:38.0

Why don't you bring in our gentleman from Wells Fargo, John Farrow?

1:42.0

George Bory, joining us now of course,

...

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