 TfNN headline news update Good morning everybody. I'm Tommy O'Brien coming to you live from TfNN headquarters in St. Petersburg, Florida 10 a.m. Eastern Time Wednesday morning 30 minutes into the trading day We got markets starting off to the downside right now. S&P futures negative by seven points trading at 3,084 Got the Dow Jones off by 35 points trading 27,655 Dow had been off about a hundred at one point Nasdaq negative by 24 trading at 8461 Gold count gold contract catching a bid after quite a tough run to the downside on gold gold contract up $10 at 1464 silver up 17 cents at 1686 notes and bonds getting a little bit of higher price and lower yield We have the chairman of the Federal Reserve speaking at 11 o'clock his remarks already becoming public the 10 year up 11 ticks 128 28 the 30 year up 20 ticks at 157 20 and the dollar index basically flat up barely 17 ticks at 98 325 We'll start things off. We'll start it with the indices jumping over the charts. We'll start it off with the Dow currently trading December futures 27,612 you back things up to the overnight low 27,525 so approaching a hundred points off that low in the Dow futures Nasdaq 100 trading at 8253 right now Spike to a high right after the opening bell of 8262 the overnight low of 8220 so about 35 points from that level S&P 500 trading at 3084 right now the lows made just before 5 a.m. Eastern time of 3075 so about 10 points above that level there's your crude oil contract quite a big crude is catching just in the last hour Going from 56 34 now training at 57 18 We get the EIA inventories. I believe 10 30 today. We'll have to check it out Monday was a holiday Sometimes those EIA numbers get pushed back a day because of that gold contract There's your acceleration a bit higher gold training of 1463 the low yesterday 1446 quite a number in gold and the euro US dollar train at 110 14 Lots going on today across the markets big day for maybe bonds maybe not Powell says policy Appropriate I'm in noteworthy risks outlet Powell said in the current stance of monetary policy is likely to be sufficient Provided the economy stays on track, but warned that noteworthy risks remain to the record US Expansion Powell speaking at 11 o'clock. We got a peach impeachment hearings beginning at 10 o'clock lots going on folks Stay tuned. We'll be right back