rwe and other utilities get 30% of their gas supply from russia. eu is importing a bigger portion of its gas from russia. any turbulence in the market is reflected by these companies. >> it is. before we go, i think it is worth mentioning that the euro has turned around. 1.3365. andad stagnation and france contraction in germany. a market that is so sure. we are now at 1.3365. record.like a broken but if you break that level, the stop loss is that -- is at 1.3325. of rwe isthe cfo going to join us on "the pulse," to talk about geopolitical issues. do not miss that. that is later. >> ratraders have a lot of think about. germany shrank. france in stagnation. how will the markets react? the euro is undecided. jon ferro cases to the market opening. ♪ toyou are very welcome back "countdown." we are nine minutes away from the start of the trading day. things are lower. the euro does not seem to know which direction to go in. >> what is your favorite level? >> not doing it again. even i'm bored listening to anmy self about 1.3333. >> look at some of the h

it was rwe. they are decommissioning. the second best stat of the day 9000 megawatts have been idle. it is a euro zone economy. that is what we know. off of the back of a mild winter. it is almost a mirror image. >> it is. they are treading cost and. they say they should get through the regulators by the end of the year. what they are doing that is different is less reliance on germany. turkey andshing into brazil. they have headwinds in those companies -- countries. a lot of. -- cap ex. it is lowering investments. problems andrency a weaker economy. it has market condition problems. company and more profits. they are both suffering from the same issues. renewablesh into that is pushing down prices. the second quarter is not even profitable. >> it is pushing down the stock. we are heading to the break and we leave you with a look at shares. profits were up last quarter. we will hear from the ceo. stay with us. we are on the move. >> welcome back. this is how equity markets are trading. we are lower. the stocks are down. a

balfour beatty up by 1.9% and rwe down by 2.8%. take a look at the share price performance for novozymes, off by 5.2%. the danish firm now sees profit growth of 9% to 11%. earlier on "squawk box," just spoke to the ceo of the company and asked for his views on today's gdp numbers. >> well, it's all about the innovation that we can supply to our customers. so the underlying gdp growth doesn't have a phenomenal impact in our business. it's our ability to innovate with our customers that drives the business. >> let's show you what's happening on the bond markets on the back of the disappointing gdp numbers. 1.007% is what we're seeing here. incredible number, isn't it? the french yield is at 1.39%. analysts see another record low for the ten-year spanish at 2.43. it has now gone up back above that 2.5% level. so once again, it is a flight to safety. growth concerns, but concerns about the disinflationary environment that we're in. all right. so time for your take on the markets in asia. sri jegarajah is in singapore. how are we lookin

russian investors group leder one says the german government has approved the rwe sale of oil and gas to letter 1. we were talking about that earlier. >>> in other news, united airlines is trying to win the har of first class travelers with their stomachs. they're replacing small snacks with full meals. earlier we asked you if better food would book through a specific airline. they say don't drink too much when you're flying, right? join the conversation here on "worldwide exchange." you can find us directly on e-mail, worldwide@cnbc.com. find us on twitter, @cnbcwex or directly to me, @louisabojesen. >>> we've been talking about jell-o. not very good news for jell-o, because the jibbery dessert sales have slipped almost 25% from a year ago. it's falling by the wayside incidentally because greek yogurt surges in popularity. write in and let us know if you like jell-o. still to come on the show, when was the last time that you indulged in a snickers or a kit-kat? did you notice the smaller size of the candy bar? we'll hear from one guest would says shrink is the elephant in the room. m