you like aon. it s one of the larger positions. only 20% comes from the u.s. of the revenue is that what you said? 20% of the companies that we hold. 20% are domiciled in the u.s. and 50% come from overseas and a lot of the things we re finding lately have been a special situation. we were long renault and short nissan because we were able to create the stub at a negative $5 billion euro valuation with the company that has great balance sheet and cash flowing positive and we re long vodafone and short verizon because vodafone owns 45% of verizon wireless and verizon owns 55%. we were creating the stub at a pretty inexpensive price. anything else that you like? you don t like the consumer. we re cautious. we re scared of how the government keeps putting money in people s market. the government trumped 2.4 million jobs and they didn t talk about the 1.9 million people on food stamps and snap program. so we re just very, very cautious. you re a new york, l.a. calif
ahead and bring those rates slightly lower. the central bank also warning that relaxing policy could worsen inflation. as i said there had been these widespread expectations for a rate cut and we ll see what this means for any other central banks later in the week. g-20 leaders are beginning a two day summit in mexico. the group is expected to push europe for a lasting strategy. right now let s head over to athens and get the whole story out of greece from michelle caruso-cabrera. michelle? reporter: yes the world economy lives to see another day, no doomsday scenario, the situation that the markets most feared did not happen, the leftist party that had promised to really go toe to toe with the germans and change things dramatically did not out. so the building you see behind me will likely actually be occupied for the first time in many weeks, sometime in the coming week. let s give the headlines. when you talk to all the pundits on the ground, 90% chance that a government
will open, but again, up 6%. and oversea this morning, we re watching the bank of england policy members meeting today, the boe expected to hold its key rate at a second low of a half%. central bank also holding bank from unleashing extra emergency support for the economy. so we ll keep an eye on what they independent up doing. in corporate news, morgan stanley trying to stave off a rating cut. james gorman has been in discussion with moodys. a cut could diminish the bank s ability to buy the rest of citigroup s brokerage smith bar any. and we ve been waiting to find out whether that transaction will take place. in addition, jpmorgan ceo jamie dimon telling investors last year was a good one for the company s earnings. he says it could have been even better, though, had the bank not been hit with mortgage related losses. annual letter 38 pages long, he says he expects the bank s earnings to grow over time. also mentions regulations, though, as a problem. he writes in part t