 Good morning everybody I'm Tommy O'Brien coming to you live from TFN headquarters in St. Petersburg, Florida, 10 a.m. Eastern time on Thursday 30 minutes into the trading day and we got markets accelerating to the downside. Dow Jones right now down 224 points trading at 25,446 S&Ps negative by 21 trading at 2789 and the NASDAQ negative 68 points are about nine tenths percent trading at 74 38 as we start off the update this morning we're going to jump over to the VIX quite a number on that VIX I'm going to drill it down to a five minute chart and the acceleration begins we'll jump over to the futures charts in a moment you'll see the correlation with the market trading south VIX 1732 as the volatility spike up a buck 58 so far this morning jumping over to the futures we'll start it off with the Dow so the really the story why don't we jump it over to the story of the morning as you have Draghi out there with the ECB and they are slashing growth forecasts in a pretty dramatic fashion as they now see the Eurozone central bank slashing their growth forecast for this current year to 1.1% from 1.7 quite a number just from December for a revision with that in mind you had a press conference going on in the market not really liking the dovishness the forecasted decline in growth you have the Dow trading from 25,698 down to 25,429 currently NASDAQ 100 quite a slide as well 71 20 up here down to 7044 you're talking about almost 80 NASDAQ 100 points S&P goes from 2775 down a solid 25 S&P points to 2749 gold contract with some volatility almost made it up there to 1290 currently trading at 1284 crude oil almost made it up to $57 you have crude currently trading at 5641 and there's your euro US dollar quite a move in the currencies especially the euro as you have their growth forecast declining from 1.7 again this current year to 1.1 and you have the euro trading almost a full penny going from 113 20 all the way and now that begins at about 6 a.m. there's 745 and then the press conference and the announcement the euro currently trading at 112 30 quite a number from 113 20 should be an interesting day of trading stay tuned we come back at 10 o'clock with Tom we get natural gas inventories at 1030 then of course fast market by TD Ameritrade think or swim at 11 Basil Chapman Steve Rose at 1 o'clock Dave White at 2 o'clock and Tom O'Brien live from 3 till 5 stay tuned folks have a great Thursday