 at work. TFNN headline news update. Good morning everybody I'm Tommy O'Brien coming to you live from TFNN 10 a.m. Eastern time on Friday 30 minutes into the trading day and we have markets to the downside to start things off S&Ps off almost 2% 56 points in the red trading at 2847 you have the Nasdaq off 150 points that's 1.6% in the red Nasdaq getting a little bit of a pop on the open helped by Apple clawing back some of the losses it had overnight with their earnings Nasdaq negative 150 at 8839 Dow off 424 at 23804 the oil contract was above $20 volatility in both directions so far this morning we're above $20 at about 10 o'clock last night we were back above that price level at about 815 a.m. This morning pulling back a bit in about the last hour and 45 minutes to $19 and 16 cents go contract basically flat at 1695 we had been as low as 1676 overnight jumping back we'll start things off we'll start it off with Amazon earnings and I'm going to start off with this graph which is their quarterly profit so Amazon normally makes about four billion dollars in profit in the upcoming quarter but this quarter they may spend all of it on COVID-19 related expenses their forecast ranges now from a 1.5 billion dollar loss to a 1.5 billion dollar profit you see the forecast there you see the prior quarters in terms of earnings and income that the company had quite a drop off as their costs go up and getting into the raw numbers of what they've put together 501 a share for earnings per share the market was looking for more than six dollars a share revenue 75.45 billion that is a beat now jumping over to apple quite a beat for apple as well revenue 58.3 billion the market was only looking for 54.54 billion almost four billion dollar beat on revenue earnings per share at 255 that beat 226 jumping over to those two stocks this morning Amazon shares come on talk about some pain down six percent 137 dollars you see the action last night on the numbers this morning right near the lows we made last night and apple shares a little bit of a different story apple now up almost a full percent at 296 up $10 so far in the first half hour of trading this morning we're getting a little bit in the markets right now folks s&p's are 48 points right now at 2854 stay tuned folks live programming all friday at tf&m we'll be right back