 TFNN headline news update Good afternoon everybody. I'm Tommy O'Brien coming to you live from TFNN headquarters in st. Petersburg, Florida as we reach the afternoon and quiet a day It's been in the market so far we got a little trade concern this afternoon sending markets to negative territory right now You have the Dow off 199 points trading 27,734 S&Ps negative by 20 points right at 3100 trading at 3100 point 49 Nasdaq right now negative 71 points That's off a solid eight tenths of percent trading 84 99 and the Russell negative by 13 points trading at 15 85 As we have markets on trade worries the news breaking We may not get a phase one trade deal with China for the rest of this year See how that shakes out the VIX volatility index as you might expect quite a spike on that news hitting 1417 jumping back to now 1363 We'll jump over to the charts and before we do there's the headline this news breaking just before 1 p.m Eastern time Dow drops 250 points and report a phase one trade deal may not be completed this year As is the case folks we got very few details about when that would be done The president and his cheerleaders saying it was imminent looks like that may not be the case You can see on the charts when that news break 1245 on the Dow we trade 27 825 you touch 27,650 at one point on the Dow now just back over that level 27704 Nasdaq 100 We trade from a level of 83 29 you go all the way down to 82 32 quite an acceleration on those charts on the Nasdaq 100 now trading 82 62 S and P 500 we were trading at 31 14 you actually reach a low of 3090 we're now a solid 9 to 10 points back above that level Crude oil market quite a day to the upside early in the session trading at 54 87 we're now at 57 19 There's your gold contract trading at 1471 you saw a gold spike from 1466 up to a level of 1475 on that trade news and the euro us dollar trade at 110 70 what else you had happening how about the 10-year yield now sitting at 1.74 percent on the news you traded from 1.76 to 1.73 and checking in with the two retail giants target separating from the rest now up 12.7 percent on the day and loads beating their earnings as well up 3.6 but pairing some of those gains stay tuned folks live programming for the rest of the day we'll be right back