jennifer reed joins us now to comment on the latest news. walk us through just how big a deal this merger would happen, and how close the scrutinizing has been. one of the longest deals we've had running. it's been more than the year. it would have been a very big deal. halliburton and baker hughes were looking to merge to better compete against slumber j which recently acquired cameron. they don't fly. it's been very seldom that a market can be down to a duopoly. lisa: baker hughes shares not moving much. however insurers also not moving that much. why? >> this has been dragging on so long committee of investors may have already been expecting this. halliburton and baker hughes have been trying to make concessions, trent to offer up settlement for a long time now -- trying to offer up settlement for a long time now. they're facing regulators in europe and brazil as well. they've been trying to make this work, weeks and -- we've seen halliburton trying to offload a bunch of assets. antitrust officials will be talking about the global reach.