. >> according to the new york times, tom horton stands to make 60 million if he is ceo of american way emerges from bankruptcy. do you think that is why they're fighting a merger with usa waste? >> the -- let's see. i find it noteworthy that the only opposition that seems to exist to this merger is the senior management at american. you know, again, we have full support to my employees support. we don't have the support of the american airlines senior management team. i don't want to guess as to why it is they don't support it, but we are hopeful that we can get their support at some point in the future. >> will you seek antitrust approval for a merger before the end of the year? >> we would like to. that is part of the process that i keep referring to. this -- we have done a tremendous amount of work looking at this combination from a regulatory perspective. did not anticipate there would be any regulatory issue, but they're is a formal process that must be followed. we need america's participation. so we are hopeful that the process that we still have not seen yet, but have been told

. >> taking tom horton and american airlines to task for the fact they wouldn't even begin to have a conversation with anybody, including us airways, who they should be merging with, not that great for customers but they only have other options. i write this column. what do they do? >> i don't know. >> five hours after i write the column because they're getting calls inundated from unions, everyone is upset, horton trying to walk off with management for millions of dollars and now they sit around and say, well, we're open to lots of mergers, we would love to talk to these people, including virgin america, which is losing their shirt, by the way. in the list of airlines we just read, which is the list they're bandying about to anybody who will listen, there's not one person on that list other than us airways they'll merge with and that's what will happen. in any sense, i'm in a little bit of a tiff. >> panties bunching up. >> i'm frustrated that it would take -- i don't want to suggest it would take a column to get them to actually move -- >> it seems like a rapid turn-around from a c

. >> the latest presh readings seem to say that you and tom horton are speaking that maybe this is aossibility. has anyone at u.s. airways talked to anyone at american. >> we have had many conversations, they're lawyers contacted us last week. they have a process to get through, we want it to be a fair process that allows our proposal to be heard fairly and if that happens our proposal will prevail. >> what about labor, isn't that a big sticking point here? can you guarantee a smooth tran decision of the labor unions? they responded today and said they intend to look at the full range of alternatives. does that concern you? >> look, today we were happy to have with us the three labor leaders from american airlines. they signs agreements with us that would be in place when the merger happens. the labor unions are fully supportive and it's one of the things that makes me so confident it will happen. >> would you support a merger even if you were not running the combined entity? >> the value creation here is by putting the networks together that can compete with united and delta that we

>> as you said in your speech, you began your airline career at american airlines working with tom horton. is some of this merger battle personal? >> what are you laughing about? [laughter] um, no. absolutely not. none of it's perm. personal. tom and i are friends, have been friends for a long time. hopefully, when this is over we'll remain friends. right now we have a disagreement about b what's best for american airlines, and it's a business disagreement, not personal. none of this is remotely personal. what this is about from my perspective is about 100,000 jobs and doing the west we can for the -- the best we can for the people, for those 100,000 people. and i don't think any individual or any small group of individuals should get in the way of that. and we certainly don't plan to, and we don't think the american airlines' executives should do that either. i'm not suggesting that's what they're doing, but what i do think we should do is have a fair and open process that allows the best plan to be seen and the best plan to come forward and put in place and, again, i'm highly confident

we'll sit down with amr ceo tom horton in a few minutes. a market down over 200.orries over spain and italy come back to the forefront. our chief international correspondent michelle caruso-cabrera has the latest on spain and what's happened this week in greece. >> reporter: a lot of issues facing greece, italy and spain, the current troubled children of europe at moment. let's show you the carnage that we see in europe is pretty strong. i thought we would start with the stocks board. we'll start with this instead. i'm showing you three panels, the two-year, the five-year and ten-year for spain. let's zoom in on the two-year. wanted to see one week of all of them to see how sharply the yields have been rising. in other words, the bond market quickly abandoning spain when it comes to that, so if you look at you two-year, then look at five-year, rising above 2% and then the ten-year is a big issue because you've got to worry about whether or not this is a price, not a yield, unfortunately, unlike the other ones. the ten-year yield is above 7%. there's a lot of debat

but tom horton c.e.o.'s parent company tells bloomberg his company's value is on the rise and it doesn't need a merger as badly as u.s. airways does. a combination of american and u.s. airways would create the world's largest airline. all right, stocks ending the week higher after better than expected earnings outweighed some disappointing reports on the economy and apple's iphone 5 may be months away. the managing director recently returned from china where he learned that the next iphone is already in production. here's what he had to say about what we can expect from the device. >> based on engineering samples out of asia, a code that we've looked at, patents that weaver looked at, we think the iphone 5 will be the same width but it will be taller. it will be 20% to 25% thinner and the aspect ratio will be different. so when you're looking at it, you'll effectively have a 4 inch diagonal screen. it will feel a lot bigger when you read it or read on it. >> more companies are offering workers unlimited pa