 Welcome back folks Tommy O'Brien from TFNN checking out the markets 842 a.m. We got that weekly jobless claims number We'll jump over to that in a moment right now You're looking at the S&P is positive by one point Nasdaq futures positive by 67 the Dow negative by 33 8 30 a.m. On Thursdays every Thursday. We get weekly jobless claims that number just hit the tape about 12 minutes ago the number 884,000 first-time filings for unemployment insurance the number they were looking for was about 850,000 expected so a little bit more than the market was expecting the number I always like to take a look at continuing claims from those filing for at least two weeks Rising from the previous week hitting 13 point three eight five million an increase of 93,000 from a week ago an Indicator that the strong jobs market improvement through the summer may be tailing off entering the fall That is the quote over there in CNBC not what you want to see folks Now we're getting a big number every single week in terms of almost a million Claims for first-time filings on a weekly basis. That is the first time you're talking about almost 900,000 people filing for unemployment for the first time within the last week and you also have a continuing claims rising We need to be decreasing this number. We're looking at 13.385 million right now an increase from last week Nonetheless pretty stark numbers out there checking out the markets, but the market actually liking what's going on There's your 830 bar. We're looking at 15 minute bars putting it closer on a five minute We'll zoom in on the action on 830. We'll zoom it in again. There's your 830 volatility We were trading at about 33 91 you're now seeing the s&p's rising by about 10 points We're over where we were overnight backing things off. You did see a little sell-off in the markets It really began about 230 in the morning. You saw the s&p's trade from 3408 Down to a low of 33 75. We're now above where we were at 6 a.m 3401 again those highs that we had at about 230 in the morning. We're coming right up to that level right now 3408 Dow jumping over Dow in negative territory the only major index right now in negative territory You get the Russell up to nasdaq up 70 s&p's up by 2 as well the dow negative by 29 points right now 20 and trading at 27946 Checking back to some of the stocks that had earnings last night as we covered restoration hardware They're continuing to charge higher to the tune of almost 20 percent folks. We're up to $380 that's a rise of $60 from the close last night of 320 on the reverse side as we covered Game stop trading lower in dramatic fashion by about 10% trading at 663 from a close yesterday of 735 Jumping around to commodities crude oil down 56 cents at 37 49 the gold contract catching a little bit of a bid at $9 and 40 cents in the positive at 1964 and we got the 10-year yield right now a little bit of lower price and higher yield the 10-year yield 0.716 percent in terms of how it's trading in price 13906 the 10-year negative three ticks the third year negative by about 13 ticks over in europe The dax is basically flat the footsie down about three tenths percent over in asia overnight You had the nikkei up by about nine tenths percent Shanghai negative by about six tenths percent All right checking out what else we have going on Stocks how about bedbath and beyond added Web bush added the housewares retailer to a best ideas list bedbath and beyond they have been suffering in a big way But they get a little bit of an upgrade pointing out that the stock is still trading at distressed levels despite positive comp sales And a path to a quote-unquote dramatic improvement in profitability BBBY is their symbol and they they look at that charge higher folks from 11 42 We make it to above 12 on that upgrade but for some context a three-year weekly Not what you want to see from 30 dollars down to three dollars But quite a pop from those covet lows. We'll call it three dollars and 43 cents We're going to open this morning for bedbath and beyond at about 12 dollars on that stock What else we got going on Amazon elected retired general keith alexander to its board of directors former commander of us cyber command as well as NSA director founder and co-chief executive of ironet cyber security So bringing a little cyber security to their board separately India's reliance industries offering to sell a 20 billion dollar stake in its retail unit to amazon So locking one on as amazon checking around to some of the fang stocks this morning Amazon now that's your three-year weekly talk about a pretty chart if you're an amazon owner Zoom in in on this morning closed at 32 68 We do have the nasdaq 100 futures positive by 90 now The dow has made it into the positive as well all the indices in the green now amazon up about 30 dollars at 32 94 These tech stocks have had some real volatility. Check out apple up to 1980 not that long ago Overnight tuesday into wednesday, we were trading at 10 59 microsoft shares Trading at 2 12 45 up a bit from their 211 close facebook shares 275 37 up a bit as well google shares this morning 15 57 up a bit Google not really behaving as well as some of the other tech stocks They have a potential antitrust suit coming down the line on them netflix shares 503 43 from about 500 and i'm going to jump around some of those cannabis stocks How about canopy charging higher up about five percent yesterday the news that you may see the house come out with a possible vote on federal legislation Taking marijuana Off of the schedule one drug charge in terms of where that is scheduled Nonetheless, you saw those cannabis stocks charge higher a bit yesterday and jumping around to some of the ride sharing companies They were charging higher as well. How about uber up yesterday to 35 50 closed at 350 one were up a bit lift shares this morning Basically flat down a bit to 29 62 You see the charge both of these companies had on tuesday dramatically higher to about 30 95 One of my fan favorites disney they're catching a little bit of flack over moulin But nonetheless behaving pretty well disney at about 134 133 60 this morning on their numbers and jumping back to what else we have stocks with action this morning Spotify got an upgrade to outperform from neutral at credit swiss based on optimistic projections of subscriber numbers as well as optimism About major labels participating in the music streaming services quote unquote marketplace offering marketplace Let's artists pay spotify to promote their new music to targeted audiences That's a good deal right good deal for spotify at least spotify from 245 We're up more than 10 dollars this morning to 256 50 and bowing so bowing continuing to have some woes agreeing to an independent review of its compliance and ethics practices Centering on its behavior in bidding to win a lunar lander contract from nasa and the air force I mean it just doesn't end on this stock folks um bowing 161 25 for some context on where this stock has been in the last year There's your covet fall off from 350 to 89 And we've just kind of been hanging out right uh around this 150 to 160 mark on bowing shares All right jumping back to the markets. They are liking this weekly jobless claims number folks We are trading higher to the tune of about almost 20 points from where that came out We're looking at five minute bars there. There's your 830 number We were down to a low of 33 90 and we're 20 points higher right now in the s&p's from that price point s&p's trading at 34 10 For some context on where we have been there's your sell-off from 35 87 in the span of four days You go from 35 87 yesterday's low 32 95 you're talking about almost 300 points But since then we're up a solid 120 points in that s&p Markets in the green. Stay tuned folks. We'll be right back. See what else we have on tap for thursday trading. Stay tuned. I'll be back in three minutes