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Is there a little sign of concern in the banking system in the Eurozone?

Yes, but it's still very, very contained.

The US pursued a very aggressive policy early

on and that is having payoffs several years later.

You have a fundamental problem of architecture and that's why any small issue is amplified immediately in the marketplace.

Bloomberg surveillance, your link to the world of economics, finance and investment on Bloomberg Radio.

Good morning, I'm Michael McKee. It is 7 a.m. on Wall Street.

It looks like a good day to pull the covers back over your head.

Janet Yellen fails to calm investors' nerves.

Oil drops again, and there's a lot of red on the screen.

Why and what's next on surveillance this morning?

Some of it disappointing earnings, down 3.6% that's 11 points on that index. The Dax, one of the worst performing

indexes in the world so far this year down 2.9% 258 points in the across the English channel.

...