 T F N N headline news update Good afternoon everybody Tommy O'Brien company live from T F N N headquarters in St. Petersburg, Florida 2 p.m. Eastern time on Wednesday of Fed Day and as we speak we're getting that decision I'm gonna roll over to in a moment a quick market check before that number S&P's right now negative by six points trading at 3029 we've got the Dow negative by 11 points trading at 27,053 NASDAQ negative by 23 points trading at 82 53 we get the gold contract basically flat at 1492 and let's jump over to the number and here we go We got a cut as expected the Fed cuts Fed funds rate 25 basis points to 1.5 to 1.75 the Fed uncertainties remain will assess appropriate rate path That's the first headline as we get that number jumping over to will start it off with the 10-year coming into that number The 10-year yield was sitting at about 1.8 percent and as we're getting headlines the Fed omitting the act as Appropriate comment. We're gonna get quite a finish for two hours of trading We have a press conference coming up at 2 30 p.m. Eastern time right now You see the quick spike as the 10-year yield spiking up about one basis point We're now sitting at 8 1.8 13 percent jumping over to the currencies getting a feel for how they are reacting There's your dollar index in the top left quadrant dollar getting a little bit of a spike from about 97 700 up to almost 97 800 there's your euro in the top right. We were lower now pairing that you got the yen in the bottom left You see some volatility there as well and the pound bottom right Jumping over to the indices to see how they are reacting on the news initially There's your S&P 500 pretty muted reaction so far S&P's sitting at 3030 the odds of a cut were coming in at about 97 percent. So we got the cut all but assured It's gonna be what would they put in the wording of that statement? What does chairman Powell have to say right now though? 3030 right where we were before that number Nasdaq 100 pretty similar territory 8044 Dow Jones right now sitting at 27,000 and 11 There's your crude oil market $54.76 and the gold contract with a quick flash down to 1492 back up to 1494 and as we wrap up this update catching up the headlines they cut the quarter point They omit act as appropriate dropped act as appropriate remember that the act and act as appropriate was key to teeing up the Fed would Indeed act not be patient. So Wall Street trying to digest. What's out there? Stay tuned folks Tom O'Brien filling in live for Dave White with lots of action right now live from two till four He'll be we'll be right back folks