A trader on the floor of the New York Stock Exchange wears a hat embroidered with 15,000 at the end of the trading day on May 7, 2013 in New York City. Today stocks dipped lower at the start of trading. - 

Share prices in Germany hit a new record high today. Asian markets were strong. But U.S. markets were down slightly this morning.

Carl Riccadonna, senior U.S. economist at Deutsche Bank, joins Marketplace Morning Report host David Brancaccio with more about the direction of the markets.

Follow David Brancaccio at @DavidBrancaccio