 T F N N headline news update Good afternoon everybody. I'm Tommy O'Brien coming alive from TF net headquarters in St. Petersburg, Florida 1 p.m. Eastern time on Wednesday three hours into the trading day and we got quite a reversal to the upside Start of the day negative territory all the indices now in the green We got the S&P's up 12 points trading at 2851 you get the Nasdaq right now up 64 points trading at 177.98 and the Dow positive 111 points trading 25,643 notes in bra notes and bonds higher price lower yield tenure note up 12 ticks 124.22 you get the third year up 23 ticks 149.29 gold contract up $2.50 at 1298.80 and you got oil above $62.6201 that's up 24 cents in the dollar index basically flat 973.25 as we start things off Let's jump over to the futures markets and we'll start it off with the Dow and quite an acceleration We started really 10 o'clock and what do we start on why not? We'll jump back to the news because it is the news that's driving a lot of what's going on today as you had President Trump delaying some of the auto tariffs amid EU and Japan trade talks So this President Trump poised to delay a decision by up to six months to impose auto tariffs to avoid blowing up negotiations possibly with the EU and Japan so President Trump faced a May 18th deadline over how to proceed with his threat to slap tariffs on as much as 25% So that the market really liking anything ratcheting down the rhetoric of tariffs So nonetheless you go on the Dow from 25 352 or up now almost 300 points from that level We reached a high of 25,681 about an hour ago NASDAQ 100 much the same NASDAQ was the strongest of the indices coming into the market open barely in negative territory, but we go from 73 55 We're now up 140 points from that level trading 74 95 S&Ps trading at 2851 not that long ago this morning. We were trading at 2815 not bad 36 points to the upside crude oil trading higher as well We got EIA this morning that had a we'll get we'll get that number Nonetheless, there's your volatility around 1030. We trade from 6138 now trading 6201 Gold trading at 1298 65 and there's some action on that trade tariff announcement as well You have the Euro spike higher on that news. You have the dollar spike lower euro trading 1206 Stay tuned folks We got our man Steve Rhodes coming up right now at the trader's edge Dave White live at 2 o'clock with a power trading hour And Tom O'Brien live from three to five. Stay tuned folks. Have a great one