when duncan neiderauer out. with jeff sprecher running new york stock exchange, the ice, intercontinental exchange bought the new york stock exchange, that place is changing. it could change dramatically. we're talking about potential layoffs in the listings department. listings will mean less for jeff sprecher, because it is a business, you need a lost infrastructure, costs a lot. adam: okay. >> i think from a listing standpoint, you know, both can make the good case and we'll see where they go. i think the underwriters are pushing for new york stock exchange but watch new york stock exchange's corporate management. it is going to change. adam: you shoot, you score. we'll move on to basketball. looks like the sterlings out of here. reports say donald sterling agreed to surrender his half of los angeles clippers to his wife cindy who will move to sell the team. monica, you first. who is the winner here? the fans of the clippers, mr. sterling who will get paid a pretty penny for a team he owned for decade or the

neither neither is -- duncan neiderauer is good man. i know him as good executive. one of the problems at nyse is changing business model. melissa: yeah. >> the bottom line, who would ever think about this 10 years ago when dick grasso was running it. the new york stock exchange would sell to a computer. ice is like five guys in a room in atlanta. they control -- melissa: i saw at nymex. i saw same transition one of the first reporters down on the floor when they did private equity buy it i don't. i don't snow if you understand. you're going away. >> neared near, he really did an -- duncan neiderauer did an excellent job helping shareholders of new york stock exchange. >> as best as he could, as best as he could. look at stock price, it is stock price. a lot of people that owned the stock at highs would not say that. this is market moved away from electronic trading, you know, lack of, and then lack of equity order flow going to the floor of the stock exchange has really crushed the shares. he had to sell to the ice. melissa: this one was incredible to me too. more

first up intercontinental exchange group announcing that new york stock exchange ceo duncan neiderauern. niederauer will remain vice president until august. >>> unilever is selling its north american pasta sauce brand rag goo and better tollly to a group in japan. the deal is worth $1.5 billion. >>> sergio marchionne asking potential buyers of fiat 500-e car not to buy the vehicle. they lose $14,000 each time they sell the 500-e. >>> marathon buying hess stations. it will expand marathon's operations from nine states to 23 states. >>> nest recalling 440,000 of internet connected smoke detectors to fix a problem with a software update. the smoke and cash cash detector is struggling with a glitch that can stop the alarm from sounding -- carbon monoxide. that is today's "speed read." [buzzer] david: right on time. if you're checking in at a hotel or at the airport, your travel reward points could face new taxes in the irs gets their way. liz: travel industry right away when they heard that sent a letter to treasury secretary jack lew arguing against the taxation proposal. let's get to ric

. ♪ >> dump-in eater our -- duncan neiderauer. r futures president will succeed him as the president of the and why groove and that takes place immediately. this is part of a transition. duncan niederauer is stepping down. he is accelerating his planned departure. we will continue to keep an eye on the latest developments. >> thank you. time for today's bloomberg big number. the cost of a new stadium of minneapolis. the nfl announced the decision yesterday that the stadium is scheduled to open the 2016 season. dollars. the nfl is to reward. then -- ins and bidding. the deal between at&t and directv looks like it will pass regulatory scrutiny. not, but directv does not renew the nfl's sunday ticket package, which televises out of market games. joining us now is the entertainment and media founder. this is interesting. blessed is good to be the nfl. qwest clearly, you get a lot of dudley, --eir is qwest clearly, you get a lot of leverage. >> does directly -- directv get to renew the package? >> yes. ke$hanly, it is the nfl leverage.