 Good morning everybody I'm Tommy O'Brien comedy live from TFNN headquarters in St. Petersburg, Florida at 9 a.m. Eastern time Wednesday morning 30 minutes to go until the opening bell we already got some action across the board retail sales out this morning a half hour ago that number minus point three percent for the month of September that's opposed to an estimate of an increase of about point two to point three we'll jump over in a moment but that hit in some of the markets especially gold getting a pop Dow futures right now negative 52 points trading 26,950 you get the S&P futures negative by about seven trading at 2990 Nasdaq futures negative by 24 points trading at 7935 10 year yield right now sitting at 1.74% start things off this morning let's take a look at the VIX volatility index getting a little bit of a negative action in the market that results usually in a higher VIX but all relative 1385 very little volatility premium priced into this market start things off let's jump over to it and we're going to start it off with the news because it's hitting some of the markets as I said there's your headline retail sales unexpectedly decline an assigned consumer economy could be cracking so headline number retail sales dropping 0.3% last month as households cut back spending on motor vehicles building materials hobbies and online purchases the big surprise it was supposed to be a 0.3% climb compared to september last year retail sales increased 4.1% with that in mind let's jump to the markets we'll start it off with the Dow you can kind of see the 830 volatility there's 825 coming into that number not too dramatic wait till we get to the gold chart you'll really see the acceleration Dow 30 trading $26,963 Nasdaq 100 trading $79.38 right now S&P 500 trading at $29.92 about a half hour ago we're up there at $29.96 there's your crude oil market under $53 trading at $52.79 and there's your gold contract how about that spot pop how about that pop on the retail sales you got gold trend from 1482 now making a run for 1500 you got gold trend at 1494 and the euro us dollar trend at 110 40 terms of what else you have happening big day of earnings yesterday for banks and it continues today with Bank of America shares rising as they post better than expected profit we'll jump over to that chart quickly BAC Bank of America looking to open at about 30 36 closed at 29 73 and this afternoon Netflix out with their earnings we'll see how they do currently trading 283 stay tuned folks Larry Pezzavento right now I'll be back at 10 o'clock with Tom have a great