 TfNN headline news update Good afternoon everybody. I'm Tommy O'Brien coming alive from TfNN headquarters in St. Petersburg, Florida 1 p.m. Eastern time on Wednesday three hours left to go in the trading day and 60 minutes to go until we get a Fed decision Markets right now pretty calm day so far. We get the S&P negative by three points trading at 3032 that's only about six points off a record close Dow Jones Positive by 17 points trading at 27,088 Nasdaq negative by 13 points trading at 8263 It's earning season. We get Apple earnings after the bell We get Facebook earnings after the bell and Starbucks as well oil contract negative 90 cents at 54 dollars and 65 cents We got inventory numbers today a build of 5.7 million barrels that 5 million barrels more than the market was almost looking for Notes and bonds ahead of that Fed decision. We get the 10 year up 7 ticks 129 15 the 30 year up 21 ticks at 159 11 and the dollar index right now flat at 97 Excuse me 97 682 we're gonna start things off. We're gonna jump over to a chart of the 10 year It's gonna be all about the Fed today 60 minutes to go until that decision The 10 year yield right now We are sitting at a yield of 1.8 percent a little bit of a pullback from about 1.85 pretty remarkable that last Friday We were sitting at about 1.75 the odds of a cut WIRP jumping over 96.1 percent there you go the odds of a 25 basis point cut coming down the line in about one hour We'll see what happens But that all but assured the market would be shocked if it did not happen jump it over to the charts Started off with the S&P 500 currently trading 3032 you can see a little bit of a sell-off right around the opening bell and then the S&P's talk about a tight trading range Waiting for that fit that Fed decision. We've been in about two points throughout the entire trading day Nasdaq 100 currently trading at 8,047. We were up there at about 8,070 coming into the opening bell Dow 30 27,032 again, not too much action ahead of what's about to happen at 2 p.m. Eastern time Crude oil contract pulling back crude was up there at 5560. You'll see the volatility right at 1030 We were trading at about 5525 coming in to that inventory number a surprise build sending oil even lower and Gold ahead of the Fed decision right under 1500 at 1496 Stay tuned folks. We got our man Steve Rhodes coming up live right now with the trader's edge And of course Tom O'Brien wraps up the trading day live at three o'clock bed day. We'll be right back You