The Dow Jones Industrial Average opened down today, in line with the rest of Europe.
It is down 28 points, 0.2%, at 12432, but President Obama is making a statement at 10:15am EST (3.15pm BST) about the eurozone crisis and state of the US economy, which has suffered from poor recovery figures of late.
However, if his speech is anything like the lacklustre performance by Federal Reserve chief Ben Bernanke, don't expect fireworks that will set the markets alight.
Strangely, the only major market enjoying any growth today is Spain's IBEX 35 Index on the rumours of a conference call with EU leaders to ask for a bank bailout.
Despite the country's deputy prime minister denying any such call has been set up, some in the market don't believe him, helping the index rise 80 points, 1.3%, to 6517.
Meanwhile, company news from across the Atlantic is few and far between, but the world's biggest hamburger seller, McDonald's has reported lower-than-expected sales rises in May, and warned austerity measures across Europe were taking their toll.
Globally, sales were up 3.3% like-for-like, rising just 2.9% in Europe, but 4.4% in its hungry homeland, the US.
Shares in the Nasdaq-listed company were down $1.65, 1.9%, at $86.73.
