How does that affect your business, Christian?

Well, our capital markets business had a very, very strong quarter, as the previous quarters were already very strong.

So investors want to invest into real estate, into commercial real estate.

And prices haven't really reacted on the recent increases which we have seen in the bond market.

And so as long as the The interest rate environment is predictable.

The impact on our capital markets business is very limited.

What markets do not like is any kind of random surprised situations.

Does that make sense?

And do you really pay attention to, you know, races like the Mamdani win here?

Well, I certainly pay attention to that specific situation because New York is a super relevant market for us.

And as I said, it's, uh, it's the capital or at least one of the capitals of the world.

So, it's, it's relevant what's happening here.

I think I would start off with saying it's a great example companies are part of a community, and the community of New Yorkers have decided that this outcome of the election is now, uh, uh, there, which came as a surprise to, to many people.

And my first reaction was, "Well, that's great.

Democracy is alive." And, and the other, I think, story of that, of that, uh, remarkable win is that somebody who comes across very charismatic, very authentic, uh, can come from left field and win an election within a very short period of time.

What are you seeing? How are you hiring?