They have abandoned their 35 billion deal to create the worlds biggest advertising company. Both Companies Say they could not overcome obstacles that delayed the process. For more, lets get right to Martin Sorrell. Thank you very much. How are you . I am good, thank you. Are you feeling a sense of schadenfreude today . I would not know how to spell that. Anyway, i do not think we are surprised. Thingy 7, when the whole was announced, we said it was strategically and structurally challenged with regulatory problems. Surprised with the speed with which it fell apart. We thought it would go through to july 27, when the 500 million feet would lapse 5 million fee would lapse and both parties could walk away with their tails between their legs. I think we said it was strategically and structurally challenged and that has proven to be the case. Or martin, when i started in business many years ago, i was always told that there is no such thing as a merger of equals. Does this prove the point .
Cheryl spike is a she. I cannot wait to meet her. That is a little bit later. Lets head back to the floor of the New York Stock Exchange. Nicole e cigarettes are very popular. Everyone will be waiting for that segment. Five straight weeks of gains for the dow. Today, pulling back some. Down one third of 1 . You do have energy that has been weighing on the dow. We have had five straight weeks of gains. Also, everyone waiting to see what the fed has to say. We did get some pending home sales in as well. The saks fifth avenue story, they own lord and taylor, it does include dead and gives them find real estate. Peridot is buying them for 8. 5 billion. Back to you. Adam thank you very much. 835 billion deal. Two of the biggest names joining forces. Dennis the largest ad Holding Company in the world. You have paris based publicist. Annual revenue of 23 billion, almost. Controlling ad revenue. They are merging as true equals, but are they to equal . We talked to the ceo, the Number One Firm