Evercore's Schlosstein on Midterms' Impact on Markets, Policy

The video discusses the implications of a divided Congress on the US economy and markets, highlighting potential legislative gridlock and its effects on CEOs and businesses. It explores the impact of US-China relations, particularly the concept of an economic Iron Curtain, and examines challenges in M&A activities due to regulatory uncertainties.

What is a potential outcome of a divided Congress according to historical trends?

• Higher taxes

• More deregulation

• Positive market performance

• Increased market volatility

What is one area where Republicans and Democrats might find common ground?

• Tax cuts

• Healthcare reform

• Education policy

• Infrastructure projects

How might the outcome of the elections affect businesses according to the speaker?

• It will increase business taxes

• It will cause businesses to relocate

• It will have little impact on businesses

• It will lead to significant changes in business operations

What is a major concern for the global economy mentioned in the discussion?

• Rising inflation rates

• Trade tensions between major economies

• Increasing unemployment rates

• Decreasing oil prices

What is the 'economic Iron Curtain' referring to in the context of the discussion?

• A potential trade war

• A new trade agreement

• A financial crisis

• A technological advancement

What is one of the challenges facing M&A activity according to the speaker?

• Lack of interested buyers

• Limited market opportunities

• Regulatory uncertainty

• High transaction costs

What was the 'Canary in the coal mine' for regulatory challenges in M&A?

• The Qualcomm NXP transaction

• The Facebook-Instagram deal

• The Google-YouTube acquisition

• The Apple-Samsung merger