sir martin sorrell runs one of the biggest advertising companies in the world. for joining us. >> a bit better than london or new york. >> reporter: absolutely. beautiful. >> particularly early in the morning. >> so the global ad market is expected to drop about 8.5% this year. the u.s. ad market is going to drop about twice that. when do you see this advertising recession turning -- >> not quite sure if the statistics are right, but i think most people are forecasting the world ad market's going to drop about 6% or 7% with the u.s. being tougher than that. when is it going to get better? danger in forecasting. foolish. i think the second half of this year will look better than the first half, but that's against weaker comparatives last year. our revenues were up 4 3 2 0 in the sequential quarters. therefore we're going to be lapping quarters which are easier to lap. 2010 i think you'll see an anemic mild recovery. but again, it's because of the weaker comparison. what we've seen in april and may, tougher than the first quarter, hadn't seen june yet, but i doubt

wpp ceo sir martin sorrels tells me he is delighted by the deal saying "we think it brings better balance to the search marketplace. anything that brings better balance to the search marketplace would be welcome by our clients." so what does this mean for google, which has over 70% of search market share? the search giant released this statement, saying, "competition brings out great things for users, and they are interested to learn more." now the deal, which is expected to close early next year, heads to washington where it will be reviewed by antitrust regulators. we'll be watching this closely and see how it all evolves. back over to you. >> julia boorstin. let's break down today's market action with scott wren, senior equity adviser with wells fargo. also global strategist with jpmorgan. thank you so much for joining us. >> pleasure. >> some people have said today that higher interest rates, stronger dollar on the day, yet markets are still essentially flat, that's pretty much a bullish indicator. do you agree with that? >> well, melissa, i think we're probably at the top end of at l