 T F N N headline news update Welcome folks. We have the Dow industry is up 75. Now it's like it's up 18 S&P's up five and a half We had the Federal Reserve come out. They Reduced one quarter point and that's what the market was expecting folks. We went from 1.75 To 2 to 1.5 to 1.75 in the discount rate and your next meeting is going to be on December 11th Right now you get a probability of nineteen point eight percent that you're getting an additional Rate cut power is they're doing a news conference right now and it looks like it's going to be basically flat Not only just in the markets, but in the interest rate structure. They don't not looking to go up They're not looking to go down gold gold contracts flat out here at fourteen ninety an ounce We get light sweet crude down sixty three cents trading fifty four dollars ninety cents a barrel That baby's making its way back to the fifty dollar area notes and bonds you get the 10 year up eight ticks trading 129 16 the 30 year up almost a full point of 159 20 now if we get over to that 30 and we take a look at it The way this is still set up is that these want higher price lower yield and if that's what we get It's going to be pretty wild I mean this is a strong bond market out here today folks meaning that the Fed is saying okay We're done this particular point going down on rates the market However, the bond market is saying well you might be done, but guess what I am going to go to higher highs I'm going to reduce the rate lower And if you are a technician you're going to see that you have some more wide price for it spread out here We got volume behind the move. This is setting up that the 30 year right now is at 159 This is setting up wants to go to 165 So that is no doubt a very large number if we take a look at the 10 year right now We're at 1.79 on the 10 year and if we pull up that 10 year and we take a look at the 10 year What you're going to see with the 10 year out here today is that? That also looks it's as we move through this next hour is going to be intriguing because as we move through this You're going to see that No doubt 10 year also stick its head up with them 1.1 million contracts. Let's say I can do about 1.3 It just got in the higher range We're at 121 17 on these one 121 23 And these are these five more ticks to get in that higher range get that higher range and then once again These highs of the game inside the note and bond market stay right there folks We come right back with more in the next 60 minutes of trading and then after close out here We get lots of earnings coming out you get Apple you get Facebook you get Starbucks come right back folks