 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's 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 2 30 in the morning. You saw the s&p's trade from 34 0 8 down to a low of 33 75 We're now above where we were at 6 a.m 34 1 again those highs that we had at about 2 30 in the morning. We're coming right up to that level right now 34 0 8 Dow jumping over Dow in negative territory the only major index right now in negative territory At the Russell up to NASDAQ up 70 s&p's up by 2 as well the Dow negative by 29 points right now 20 trading at 27,946 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 6 63 from a close yesterday of 7 35 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 0.7 1 6 percent in terms of how it's trading in price 130 906 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