 T F N N headline news update Good morning, everybody. I'm Tommy O'Brien coming to you live from T F N N headquarters in St. Petersburg, Florida 9 a.m. Eastern time on Monday morning 30 minutes to go until the opening bell And we got markets starting off to the negative side right now Dow futures negative 74 points trading at 26,001 positive week last week big day on Friday But we lost a lot right towards the end of Friday and this morning some negative news in terms of the details of the China deal That may be extended another month. We'll get into that in a moment You've got SMP negative by eight points at 29 62 Nasdaq negative by 23 points That's a trading at 78 35 all the indices off about three tenths of a percent We'll start things off with a chart of the SMP because the thinkorswim platform up there 2994 the high on Friday we climb right back up to that area just shy of 4 p.m. That's 335 p.m. Eastern time and then kaboom a little bit of a sell-off I believe that's when you had President Trump speaking with the vice-premier of China you go from 2994 You end the date approximately call it 2970 and we're about eight points below that just keeping in mind We're more than 30 SMP points from that high on Friday. That's a solid 1% jumping over to some of the indices We'll pull up the charts. There's your SMP. We went over that chart already Nasdaq 100 similar story you see the sell-off towards the end of Friday. Nasdaq 100 was up there at 79 14 We're now a solid almost 80 points off that level at 78 37 and you can see the markets have gotten a little bit of a Pop from 6 a.m. Dow 30 we were up there at 26,970 I believe the high on Friday she about 270 Dow points from that level 2704 there's crude oil you open Sunday night really right where you were at at the end of Friday But nonetheless crude trades from 54 89. We're down a buck 50 at 53 43 There's your gold contract as the markets pulled back a bit gold getting a pop was just above 1500 within about the last hour and a half 1501 currently at 1495 and the euro us dollar train at one ten twenty five Terms of what the news is out there Maybe this driving at China wants another round of talks before signing phase one of the trade deal China looking for details A lot of the rhetoric we'll get that off there a lot of the rhetoric Friday Not having to do with a lot of details and just that we made a deal on a core agreement Nonetheless, and then you have Treasury Secretary Mnuchin saying that he expects tariff to go up in December If there's no China deal so the rhetoric not too well and the market not like in that Stay tuned folks. We got a man Larry Pezzavento coming up right now I'll be back at 10 o'clock with Tom and we have fast market by TD Ameritrade think or swim at 11 Basil Chapman Steve Rhodes Dave White Tom O'Brien all this afternoon. Stay tuned folks. We'll be right back