the s&p is fairly flat, up by 1/10 of 1% .1%. we are keeping a firm eye on brussels. european leaders are at work again. they just started there may meeting to decide to leave the european council and european commission, and by extension, the european central bank. the current head of the imf is being talked about seriously as a contender to take over from mario draghi. let s get the latest from maria. the main meeting has started after a series of side meetings. what we know on account of how much information we have at this point? maria: in terms of official information, we have nothing. it is speculation swirling around. we ve spoken to a number of diplomats who say christine lagarde is being considered to her crate replace mario draghi. she was now the name of the running yesterday, but appears to be now the front-runner. conditionality, if angela merkel manages to get her defense minister to become the next commission president. surprise. she was not on the list. th
u.s. treasury market. we saw pressure on yields. that is reflected across the atlantic. the gravitational effect between the bond market and the treasury market pretty well-established. bund yields being dragged lower, and a little bit of a price pickup, circa zero at the moment, but that little negative sign there pretty important. vonnie: in the u.s., yields turning lower. we were below 2.50 earlier. traders are digesting a little bit now, perhaps seeing some of the underlying portions of the gdp report, maybe not so shiny. back down to 2.49. the dollar index is slightly weaker, causing a little pain for emerging-market currencies. starbucks down 7/10 of 1% off its lows of the session, a good quarter. kevin johnson earlier spoke about initiatives in china and other areas. intel is having a terrible day, down 10% and dragging many chip stocks with it. we will be speaking with intel ceo coming up later this hour, bob swan. is: let s talk about what happening in these markets.
interest rate cut over the weekend failed to stem the nation s biggest draft since 1996. drought since 1996. welcome to countdown. i m anna edwards. i m in london. i m guy johnson in athens. it warm welcome to the program. let s take a look at some of the examples of investors taking flight to safety in this morning trading session and let s start with a picture across the fx market. it dipped below 110 on the u.s. dollar. they re going to a safe haven like the yen. this is a picture of the euro something this morning. asian market showing signs of stress as well. we ll get to that in a moment. a big day for greece and the eurozone. bloomberg correspondence are standing by. greeks react to capital control. the ecb freezes emergency cash. hans burkle hans nicols is in ireland. berlin. let s continue coverage of the big story. greece has shut its bank and oppose capital control to birth the collapse of the financial system and there the ecb froze the ceiling. guy
it is a stronger dollar story this morning. yields much higher on treasuries by flavor basis points four basis points. alix: look at the two year yield. 1.29% on the two-year yield, up three basis points. watching over in france, the yield up by thre two basis poin. watching that selloff as we hear that fillon will stay in the race. david: taking us to president trump s speech to congress last night, we are joined by kevin cirilli. in new york, we have michael mckee. what were the highlights of the speech? what did you take away from it? kevin: it was a different tone from trump, but it did like policy specifics that traders on wall street were looking for. he did call for an increase to u.s. notary spending. he also called for a $1 trillion infrastructure package plan to pass. he also vowed to cut funding from the environmental protection agency as well as the state department and foreign aid. either way he did not take a position on the border tax or tax reform or a host
european banks. citigroup says it appears to be more companies than systemic. european equities are trading just under 30 minutes. there is your equities column. look at the green gains. norway, germany, netherlands. all rising because of the rebound in oil price on comments the russian president that russia is prepared to stake to take part in the freeze between opec and nato producers. these are your currencies policies currencies falling and bond yields. look at brent crude. up by 2.5%. getting to william hill. shares up by 6.5%, the most since july. announcing it is in talks on a with ae combination poker stars maker. it would be the latest in a round of industry consolidation. $14 billion by the way has been splurged on betting company takeovers in the past couple of years according to bloomberg data. another stock rising, shows up by 2.8%. proposal to buy the portfolio for 783 million pounds. returning more than 700 million pounds. interestingly, had previously ag