but reality the nyse today is not the nyse of the nostalgic yesteryear. in 2006 we were primarily focused on trading large u.s. cap stocks. in a short five years, it expanded in size, scope and geography. we faced significant increasing competition brought on by regulation changes in europe and the u.s. we've met these challenges through innovating, diversifying and globalizing, because otherwise we would have been doomed to be a charming but irrelevant acronym. we operate 13 venus in 6 countries derived, 49% of our revenues throughout the united states, and are a significant provider of sophisticated technology for clients. our proposed merger is a reflection of how we must adapt and change to remain a fierce competitor that services their clients. in the u.s. alone, there are currently 13 stock exchanges in over 30-so-called dark pools. the u.s. competitive landscape is equally complex. with nine options venues vying for business. trading fees for both equities and options have fallen substantially over the last ten years while trading volumes have grow

businesses and between deutsche boerse and nyse urex. so i wouldn't expect many job losses. >> so in the new company, which shareholders -- how will voting control work? >> sure. this is really, this is a public company and this is common stock. so the combined company should have 55 to 60% u.s. shareholders. and we expect to have a large u.s. shareholder base. because it's an important company for u.s. institutions. >> i'm sorry. if you could walk through that again. you said you expect 55% to 60%. u.s. shareholders. and then you went on to explain that you would expect there would be a strong u.s. ownership. >> i think it will continue that way, because the exchange space and in particular, our stock has been highly followed by u.s. mutual funds, value stocks. and so i think that that will continue. that's the base that's going to continue to hold the stock in the future. we're currently 85% u.s.-held. deutsche boerse is only 18% german-held. it's 35% u.s.-held. even that one is more u.s.-held than any other shareholders. and the combi

. >> it is now listed on the nyse and it wants to increase its production by more than two- thirds. it was one of the main sponsors of the 2010 world cup in south africa and it wants to repeat that in the 2014 world cup in brazil. as modern as the company seemed, there are reminders that china is not quite like other industrialized countries. >> we have an old saying in china that as soon as an order is issued, it must be carried out. the tasks must be performed quickly and with determination. >> so its employees are marching toward the prop with determination. it is hard to get the feeling that they will not let themselves be stopped by anyone or anything. >> thanks for joining us. captioned by the national captioning institute --www.ncicap.org-- ow! of course. thank you. i'd call her honeydew goodbody, not lisa. the very fact that she is called lisa proves that she exists.

trading volume starts the week with 1.5 billion shares on the nyse, and 2.5 billion on the nasdaq. while e.u. officials have ruled out a total restructuring of greece's debt, euro-zone finance ministers will decide on a second bailout for greece by the end of june. that would be on top of the $157 billion emergency loan greece got last year. listen up cell phone users: the world health organization says radiation from mobile phones could increase the risk of certain types of brain cancer. a w.h.o. working group suggests labeling cell-phone use as "possibly carcinogenic." speaking of cell phones, sprint nextel today asked the f.c.c. to block the pending merger between at&t and t-mobile. sprint claims the $39 billion deal will harm competition and consumers. still ahead, high-end goods at high-end prices. tonight's "shoptalk" looks at why the hermes mystique works. >> susie: president obama is turning to an energy executive with environmentalist credentials to be his ambassador to the business community. john bryson is the president's pick to be commerce secretary. bryson was an advo

nyse trader jonathan corpina says it absolutely will because investors hate uncertainty and greece's financial outlook is far from certain. >> until we have some stability, any information about a plan or some sort recovery that's put in place coming out of europe and greece at that point then investors will feel much more confident to get back in the market. looking into today, markets are positive this morning and leading into the afternoon due in fact to the headlines that are coming our of greece. >> reporter: market strategist rick bensignor agrees positive news out of greece is just as important for u.s. investors as negative. >> if by chance something good out over the weekend a good headline or something like that it wouldn't surprise if the s&p was up 20 or 25 points on monday, the dow up a couple hundred points. good news could easily turn the psychology very quickly. >> reporter: still others say the issue right now for the u.s. stock market is that it's in a bit of an information void. reporting season for corporate profits is still nearly a month away and lately there's

guest: i am not aware that southwest is in desperate they are a publicly held company and the trade nyse-listedas done very well and many employees have stock in the company but is not an employee of the company. host: why has southwest consistently made money while other airlines have gone bankrupt or cannot of bankruptcy? guest: southwest has had a great model cents the early 1970's. they benefited in large respect to being relatively small at the time of deregulation and lent their growth and their labor contracts and their role model very early on to the performance of the company and stayed relatively consistent. at the time, they stood out as the only one with that model. today, it is more challenging because they penetrated just about every u.s. market. with low fares. we saw them acquire air tran earlier this year and will be a default -- they will be diversifying their fleet to compete in international markets. constant adaptation and restructuring is not unique to one airline or another. host: john is an airline employee in manassas, virginia, good morning. caller: 0 kind of work you

but reality the nyse today is not the nyse of the nostalgic yesteryear. in 2006 we were primarily focused on trading large u.s. cap stocks. in a short five years, it expanded in size, scope and geography. we faced significant increasing competition brought on by regulation changes in europe and the u.s. we've met these challenges through innovating, diversifying and globalizing, because otherwise we would have been doomed to be a charming but irrelevant acronym. we operate 13 venus in 6 countries derived, 49% of our revenues throughout the united states, and are a significant provider of sophisticated technology for clients. our proposed merger is a reflection of how we must adapt and change to remain a fierce competitor that services their clients. in the u.s. alone, there are currently 13 stock exchanges in over 30-so-called dark pools. the u.s. competitive landscape is equally complex. with nine options venues vying for business. trading fees for both equities and options have fallen substantially over the last ten years while trading volumes have grow