 Good morning everybody I'm Tommy O'Brien coming to you live from TFNN 10 a.m. Eastern Time Wednesday morning 30 minutes into the trading day and we have markets trading to the positive side right now S&P is up nearly 50 points trading 2916 Nasdaq up 169 trading at 8888 and the Dow up 402 points trading 24,442 Russell is leading the way yet again up 2.7% trading at 35 points in the positive at 1337 oil catching a bid up $2 and 94 cents at 1530 and we get the gold contract negative $4 and 20 cents at 1718 will start off and we're gonna start it off with first quarter GDP shrinking 4.8% the number they were looking for 3.5% gross domestic product falling 4.8% in the first quarter according to the government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the US economy that number coming out this morning jumping back to the charts will start it off with crude crude making it up to $15.83 right at about 9 a.m. This morning catching a bid finally given up a bit from those highs at 1528 right now gold contract with volatility in both directions 1716 jumping back to the indices Nasdaq 100 lagging a bit the Nasdaq still not above where we were trading at early Tuesday morning the high there 8944 currently trading at 8883 and that's with Google trading up big numbers this morning almost $100 for Google as they come out with their numbers last night not as bad as the market feared S&P above the highs we had yesterday currently trading 2914 the Dow 30 right near where we were above those levels but made it above them briefly currently trading 24000 for 33 we mentioned Google numbers and there's the headline number as alphabet stocks rise more than 7% their earnings 987 a share slightly below the estimates but revenue almost a billion dollar beat for Google 41.16 the market have been looking for 40.29 Google shares so far this morning up 95 points 95 dollars not points at 13 2720 and we got Microsoft after the bell today that's up 2.3% we get Tesla after the bell today as well up 3.2% stay tuned folks coming back at 10 o'clock with Tom it's fed day as well a decision at 2 o'clock a press conference to follow and we get oil inventories at 10 30 this morning stay tuned folks we'll be right back