 Good morning everybody I'm Tommy O'Brien coming to you live from TFN and 10am Eastern time on Thursday 30 minutes into the trading day and we got all the markets in the red right now we get the S&Ps you're down 19 points trading at 44.52 tech stocks lower we get the Nasdaq 100 negative by 95 points we have the Dow off 119 points all the markets catching a little bit of a bid at 930 on the opening bell and then the sell-off began the Russell negative by 11 points right now this all on the heels and we got retail sales and we got initial jobless claims so let's jump over to those in a moment right now before we jump over to some of the other indices retail sales an increase of 0.7% for the month of August the market had been looking for a decline of 0.7% if you exclude okay let me get that yes excluding autos which was a decrease of three something percent sales actually advanced 1.8% in August the largest gain in five months so that comes out at 830 we also get initial jobless claims that number coming in at 332,000 a slight uptick from the 312,000 that we got the previous week which had been a pandemic area low so those are the two economic numbers out there at 830 the market actually take those in trade higher there's some context for the chart for you we spike higher on the open as well and just like that we've given up 25 S&P points from the higher price that we were at in that market the Nasdaq 100 catches a bid on the 830 number slightly there's your 830 number we actually open and spike above that price point to 15,472 and we've given up about a hundred points from there commodities you got gold moving to the downside how about down $45 at 1750 quite a day for gold crude a little bit of negative action still pretty healthy sitting at 7192 right near $72 and notes and bonds we're getting some lower price and higher yield right now you have the tenure you are down 12 ticks at 130 305 that's put in the tenure at 1.343% let's see if how some of the banks are trading there they are probably one of the few sectors in the positive with rising yields we got the JP Morgan up three quarters of percent we got Bank of America up 1.1% today we jumped to some of the fang stocks Amazon down seven tenths Microsoft down eight tenths Apple shares down eight tenths percent as well stay tuned folks we got fast market coming up live at 11 o'clock Kevin Hanks Alex Coffey they're going to be talking about Target they're going to be talking about Walmart today among many others Larry Pizvento live at noon Steve Rhodes statewide Tom O'Brien all this afternoon stay tuned folks right back the reality