 headline news update. Welcome folks we have the down industrial straightened out nine hundred and eight NASDAQ's off four seventy six SMPs down one sixteen and when you take a look at the S&P folks okay this is a decisive break you know wide-price spread accelerated volume already if you take a look at the S&P what you're gonna see down eleven bucks right now bottom line we're at four thirty this market wants to go to four or four so we're talking some heavy business here this was a this is everything that the market probably should have done anyway but you have price you have volume you have all the above gold gold contract up eleven dollars forty cents straightened out seventeen sixty two we got silver down fifteen cents twenty two dollars eighteen cents light sweet cruise off a buck fifty eight seventy dollars thirty nine cents a barrel notes and bonds the ten years down fifteen up fifteen ticks rather one thirty three oh eight you have the thirty year up a full point plus eight ticks at one sixty three twenty seven the ten year is now yielding one point three zero and we have the Fed meeting this week and guess what folks okay the bottom line is that you are talking about higher price lower rates coming at us in a monster way King dollar King dollars up seventy seven ticks trading at ninety three two seventy two we'll see what it can hold price it could look like it wanted to get to the highs this morning but then it gave it up on price percentage wise out here what we have is this you have the Dow Industries off two point five S&P's two point six and the Nasdaq three that's kind of a setup well with Europe did out here and there's a lot of action one of the biggest actions folks is in China ever grand bottom line that is going to hit some contagion in a monster way we'll see when the Chinese government steps in they're gonna step in it's really my take is they're gonna step in the real question is going to be when they step in they step in right now and it's going to be like oh it's status quo and just like our you know but I keep put that okay the save the market are the way to later and they basically most folks get wiped out and what we will see is this we'll find out what funds in the U.S. are involved in the debt markets in China because that's most times when you get a hit like this and what's going on in China folks is this ever grand is the largest developer in the world they're 2% of the GDP of China okay they go itself they are they've already gone south stare at their folks come right back