quick break advertising firms, interpublic-like, omicron acquiring interpublic, we have a look at newogy in the industry you are watching "mornings with maria" live on fox business. stay with us. ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. welcome back a mega marriage would reshape advertising industry omnicom group will acquire interpublic group will create world's largest advertising business combined would have a neither revenue more than 20 billion dollars all stoke deal valuing interpublic more than 13 billion dollars, the client ross tax revenue for both agencies companies like amazon at&t pepsico unilever, biggest out there to help better compete with intelligent giants as google meta emerged as dominant forces in if i having with generative ai technology, joining me now founder chairman of zimmerman advertising jordan great to see you. thank you so much for being here. >> good to see you you, m

omnicom is an advanced talk soon interpublic group.will become the world's largest advertising company if this deal goes through, this is an acquisition omnicom would require and this can be announced as early as this week, it's putting interpublic's value between 13 and $14 billion. i think this would have a lot of impact throughout media as well as advertising, your reaction. >> is certainly interesting when you look at the advertising industry overall there's certainly headwinds out there related to a.i., ray just mentioned a.i. and you look at companies like meta as an example where the utilizing a.i. to help their customers produce better ads on facebook or instagram and/or targeting the appropriate people via a.i., the advertising industry has some headwinds that have to deal with, this may give them enough size and scale to fight off the headwinds but to back up and think about m&a overall right now, that's one of our biggest themes for 2025 is a continued rebound in m&a whether it's advertising or tech or industrials whatever i

john wren of omnicom and philippe krakowsky of interpublic group.ile, today bloomberg television is having live conference of an inaugural women, money, and power event. to discuss the future of business. they have to talk ai and global finance. take a listen to the panel happening underway. >> when it comes to data-driven selection of customers, this is something that we leverage for all of the insights we can provide. insights about the market that buyers and sellers from different regions can benefit from. >> all of you have talked about this idea of assessing risks. as i was walking on stage heard, we worry about everything, the existential crisis of ai. whose values are encoded in these things. what are the risks of the scenarios you are describing? what are the risks of having your ai look at a contract and go, seems good? >> i don't know about risk, but it is being discussed a lot about, right? for me, there is a fact which apparently now is controversial, which is in a few years from now, 2050, ai will be the most intelligent being on the pl

some of the people said interpublic had a market value of 11 billion on friday and this would have aet revenue of more than $20 billion based on 2023 figures. renaissance capital's finding there have been 140 ipos priced so far this year with total proceeds of up to nearly $29 billion, troy. when you see this kind of a deal in advertising that may happen today and this kind of activity in the ipo market, are you expecting animal spirits to keep coming back this year and into 2025? >> oh, yeah, there's no doubt about it, maria. for a whole host of reasons, most notably aggressive government intervention. mergers really went on a long period, a long lull and one of the things we've been waiting for out of liquid businesses is mergers to come back and come back with a vengeance. so you're already seeing the deal activity announced. on the private credit side we're starting to see a lot more financing opportunities come back to finance mergers so that's really exciting if you're pursuing strategies to take advantage of that as we do in or liquid multi-strategy fund. we expect ipos to com

s&p 500 headed up by inter interpublic, the warner bros. and supermicro.re on the list, the nasdaq composite, do we have big tech, pdd, workday, warner bros., mongo and walgreen boots alliance. the ten-year treasury up a little bit this morning, you stopped a relatively low level 4.17%, the price of gold strong this morning up 2692, the price of bitcoin right now 99100, oil 68, $69 a barrel, 16-point to three right now. nat gas, 317 hardly changed. the average price for a gallon of regular all the way down to $3.1 per gallon. most of them paying $3. california $4.36 per gallon. coming up trump has a solution for families mixed immigration status. deport them together. >> i don't want to be breaking up families, the only way you don't break up the families, you keep them together and you have to send them all back. stuart: some will see that as harsh, well as portable truck counsel chris cabrera about that. democrat senator ab klobuchar went after biden for pardoning biden, she's calling for reform. >> i am not a fan of these, i did not like the pardon of t

the all stock transaction would value interpublic at between 13 and $14 billion.ing up, we will be speaking to the ceo of finance, the world's biggest cryptocurrency exchange by trading volume. we'll discuss bitcoin's recent record rally. stay with us. this is bloomberg. ♪ ♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪ lizzy: good morning. this is "bloomberg daybreak europe." i'm lizzy burden in london. a power vacuum in syria, after rebels depots bashar al-assad. israel moves troops to syrian territory and the u.s. strikes dozens of isis targets. south korean stocks lead declines in asia with president yoon facing more calls to resign. in china, inflation eases ahead of the key economic meeting. president-elect donald trump says he has no plans to replace fed chairman jerome powell when he takes office next month. checking in on markets as we kick off the week. it is a cautious start to this new week. the s&p 500 notching its 57th record of the year last week off the back of that u.s. jobs report, spurring bets for a december fed

global ad group omnicom is to buy rival interpublic in a $13.5 billion deal— to create the world's biggestise of artificial intelligence — which is shaking up how commercials are made and targeted. but it's also creating a lot of excitement on wall street — where there is a hope it could be the start of a new era of mega deal—making, in what could be a lighter regulatory regime under the coming trump administration. our north america business correspondent michelle fleury is following this for us in new york. and this is the big deal, the coming together of these two giants but it tells us much about how this industry has changed. about how this industry has chanced. ~ about how this industry has changed-— about how this industry has chanced. ~ ., ., ~ ., changed. we are talking about the number — changed. we are talking about the number three _ changed. we are talking about the number three and - changed. we are talking about the number three and four - changed. we are talking about| the number three and four and the number three and four and the world of advertising getting together to c

interpublic shares are gaining 5% on the news, omni con pulling back by 10% now.ved would combine the world's third largest ad buyer with the fourth largest and create the world's largest advertising agency. given the size of the firms, the merger could attract regulatory outany but on no con's ceo said he's confident it will not trigger anyish shies given that president-elect trump's inany nainclination to be more busines friendly, this comes as ad firms are trying to compete with google and amazon who are attracting media dollars by offering a.i. tools. reports of another potential deal causing a sugar rush for hershey. hehershey stock is up 12% on a report that mo mondolez is exploring an acquisition, it would create a company with nearly 50 billion in sales. mondolez is pulling back slightly. work day shares are rallying 5 and-a-half percent on the announcement that hr and finance software maker is joining the s&p 500. the addition will take place before the market opens on december 23rd. meanwhile, on the other end of this, app love it is on pace for a record

big m&a deal this morning, on the agreeing to buy interpublic. it would create the largest advertising company. shares falling on the news, the worst intraday drop since july. now the possible deal news. bloomberg news exclusive reporting that monda latest is exploring -- mondelez exploring an acquisition of hershey. we would create a food giant with combined sales of $50 billion, although it would require the backing of hershey trust, with roughly 80% of the voting power. matt: thanks very much, bailey lipschultz looking at some of the movers. i want to focus on the last story. the news that mondelez is looking to buy hershey. bloomberg helped to break the news all weekend. crystal, fantastic scoop. what do we know here? it is a deal that has been considered in the past. >> it was considered in 2016 and one of those deals that is an evergreen idea. this -- what we know is that mondelez has preliminary approach to hershey. it would be a very, very big transaction, combining capri and kitkat. it is a deal that comes with a lot of hurdles, markets,

you've got interpublic up this morning. advertising business, that is what we are talking about. trumping wpp in terms of size and scale. there is the data side which is efficiency in technology and the offer side, people get fed up when you do megamerger's. sometimes your producers just leave. they say i don't need to live through this experience. either way there is a shift in the thinking about doing deals and getting it through. this is about smart defense. taking your ai capability, overlaying on the top of the weapons maker. so you think sensors on vehicles, on robots. it is about making smart decisions going forward. i'm sure he is smiling this morning. this company is worth 173 billion dollars, that is more than lockheed martin. that shows you the acceleration in technology with defense. he spent time talking about this this morning. why are the chinese not investigating an accusation done in 2020 signed off? this was all based on his opposition that they would pass new product information back to the chinese within

the m and a story today with mondelez and interpublic. this is going to continue to play out next year. on the regulation side of things, throw up a chart of live nation. lyv. that is a quintessential lack of -- a longer term one, i apologize. go back a year to show you the type of improvement the stock has had in and around the election. >> there you go. >> there you do go. that's emblemmatic of the themes that are going to continue to play out last year on top of what i would argue are bullish arguments. >> if you put up private equity charts from the fall until now, postelection especially. palo. >> listen, that's an m and a story. a private credit story. there's not super attractive valuations everywhere. those names have only recently started to get added. for a lot of investors that either willingly or not confine themselves to the s&p 500 getting added to the index is going to be a positive over time. >> let's bring in stephanie guild and marcie mcgregor. stephanie, you first because you had a front row seat here to everything that

lower right now despite some deal news that's usually positive for the markets omnicome is buying interpublic group as the industry reshapes in the face of ai. and shares of hershey's soars on reports that mondelez is considering a takeover of the company. >> and our friend chris kri san ty will be happy. >>> police are making an arrest in the shooting of the ceo of united health care. bertha coombs is in new york city with the very latest. bertha? >> kelly, a 26-year-old man is in custody in altoona, pennsylvania, with new york investigators headed down to speak with him. according to mayor adams, he matches the description of the person they have been looking for. and authorities also credit the social media presence and the media for having put out that picture of the suspect showing his face, helping to lead to this arrest. here's what the police commissioner had to say. >> earlier this morning, in altoona, pennsylvania, members of the altoona police department arrested luigi mangioni, a 26-year-old male on firearms charges. at this time, he is believed to be our person of interest in the

we had the interpublic announcement just recently and that was two huge advertising agencies mergingo create the world's number one. now, that is seen as a test of what the trump administration's antitrust enforcement will look like next year. >> i want to get your thoughts specifically on what you heard from nissan and honda. we don't know how this is going to unfold. but give us your initial thoughts on potentially seeing a merger here in the autosector, where we have seen a lot of pain in recent times. >> this tieup is not unexpected. obviously, they announced their partnership early this year. nissan has been struggling. some of the reports i've seen claim this came about as a result of foxcon making an approach. with this particular transaction, i question whether it will be a hard core merger or more of a partnership. honda, if you remember, tested the water with a partnership with gm previously, and decided to walk away. i wonder if that could be something we're looking at. you have to bear in mind, this would have to be, you know, approved by -- it would have to come with the

interpublic valued at $13 billion.y, very much. >> this is probably something they see as necessity. when you see beg companies like a google, meta all of them drawing money away from the old advertising agencies, a.i. is promising new tools that will do the same. they probably figured they have to get better to -- bigger and better to compete with those big tech behemoths that have been doing this for a while, but a.i. pushes this over the edge. >> interesting to see how that goes. >> i would think they could make the arg ument it's a different industry. >>> when we come back, presidt-ecenelt trump laying out how he plans to follow through with his promises. mick mulvaney and donna edwards will join us with reaction. "squawk box" will be right back. ♪ with verizon, trade in any phone, any condition. for a limited time, get iphone 16 pro with apple intelligence. get four on us. only on verizon. >>> welcome back to "squawk box" this morning. president-elect donald trump joining "meet the press" on sunday to detail sweep