 Good morning everybody I'm Tommy O'Brien coming to you live from TFNN Thursday morning 10am eastern time 30 minutes into the trading day and we got markets oscillating in both directions you're looking at an S&P right now negative by about 12 points trading at 3803 we got the NASDAQ 100 accelerating lower continuing the run we had yesterday bumping right up against almost the lows we had overnight get the NASDAQ NQ's off about eight tenths percent 106 points in the red 12,582 the Dow the only major index currently in the green by 27 points or one tenths percent at 31,271 in the Russell off about 12 points as well got a little bit of a pop on the opening bell S&P's made it up to about 3835 on that 930 bar we've given up 25 points pretty quickly though from that price level this morning we got weekly jobless claims first-time claims for unemployment benefits totaling 750,000 that's up from about 736,000 from the prior week pretty much in line with the expectations continuing claims falling to just below 4.3 million not quite a fair representation of what's going on as many people falling off the state unemployment benefit roles and then transitioning to whether it's a pandemic emergency program those receiving benefits under all programs also declined but we're still at a level of just over 18 million with that in mind what else we have going on today chairman Powell he'll be out there today probably trying to push back a little bit on the rising yields we've seen you have chairman Powell will be appearing at a Wall Street Journal webinar and all expectations are that he will push back a bit on the bond market doubts over the Fed policy jumping over to the note and bond market pretty tame action yesterday though quite a pullback yesterday's action in the 10 year early in the day about 2.30 a.m. overnight you're trading in the 10 year at 1.33 21 you make it down to 1.32 26 almost a full point of negative action we're talking about a yield right now in the 10 year about 1.47% right now what else we have going on commodities you accrued up 78 cents 6205 go contract this morning down $1 at 1714 and we'll jump over to the volatility index the VIX 2683 almost made it up to 28 overnight a little bit of volatility probably rightfully so priced into this market stay tuned folks come back at 10 o'clock we have fast market by TD Ameritrade Network at 11 Basil Chapman Steve Rhodes Dave White Tom O'Brien all this afternoon be right back