Bankers were bored. Now they're not.

A heated merger Monday turned this year from a negative to a positive. M&A in North America was down -- but Saleforce's bid for its largest takeover and one of the biggest defense deals on record with Raytheon and United Technologies have turned the tables around. Goldman, which was on both deals, had even said earlier this year that its backlog was lower. Wall Street banks including Citigroup, Morgan Stanley, Evercore and RBC are poised for about $280 million from the two deals alone. More about the transactions:

• Tableau is selling at 13 times revenue to Salesforce, among the most expensive software deals lately. Don't miss Nico Grant's May story for Businessweek on Marc Benioff's strategy, and the story by our wealth team here about an Academy Award-winner who has become a billionaire through the deal.
• Raytheon is the $50 billion finishing touch for United Technologies: Brooke Sutherland writes for Bloomberg Opinion. A call between the CEOs of both companies paved the way for the blockbuster deal, Rick Clough reports.

Also don't miss this feature from my colleagues Sarah McBride and Liana Baker, walking you through how banks including Morgan Stanley -- under pressure from competition including boutiques like Frank Quattrone's Qatalyst -- are seeking assurances from their IPO-ready clients that they will get paid even if the listing doesn't happen.

This morning for Bloomberg TV: I join Alix Steel and David Westin to talk about what's buzzing on Wall Street. That begins with troubles at Deutsche Bank, which was slapped with a downgrade from Fitch Ratings and could therefore face higher funding costs. That's a key issue the bank is grappling with. (ICYMI -- the bank's top investment banker also was hit with bad news Friday, when he was targeted in part of a larger probe by German prosecutors into trades that may have helped clients avoid taxes).

In other news, we explain to you why hedge funds are betting on gold to the biggest degreesince 2007 and why some managers are striking out on their own, raising money again after a tough year of liquidations and closures.

Some good reads to take you into the week from my colleagues:

• Steve Mnuchin dimmed the hopes of an imminent IPO of Fannie Mae and Freddie Mac, saying more housing reforms need to come first. An IPO could be the largest stock sale in history. The Treasury Secretary speaks to Bloomberg exclusively.
• Derek Jeter is dealmaking. Blue Jeans Network, a video conferencing company backed by investors including the baseball star, is exploring a sale, Gillian Tan reports.
• ICYMI: Two top Uber lieutenants are leaving in a major leadership overhaul, fresh off of an IPO. Killer scoop by our own Eric Newcomer, filled with detail here.
• Ken Griffin's good year keeps getting better. His firm, Citadel, widened its lead over rivals.

More to come! To stay on this e-mail thread, shoot me a note at [email protected] to stay part of the conversation. Tips and feedback always welcome.