Morgan Stanley will buy Eaton Vance for $7 billion

Morgan Stanley announced it is buying Eaton Vance Corp. for $7 billion dollars as the Wall Street firm shift toward safer businesses like money management. Anton Schutz, senior portfolio manager at Mendon Capital, and Steve Bigger, director of financial institutions research at Argus Research, joins 'The Exchange' to discuss what this could mean for Wall Street.
05:22
Thu, Oct 8 20202:10 PM EDT