Julie Morgan
👤 SpeakerAppearances Over Time
Podcast Appearances
And just like that, it's February.
Today is Monday, February 2nd.
Wall Street could be looking at another red day with futures falling.
NASDAQ 100 futures are down 0.8%, S&P 500 futures declined 0.5%, and Dow futures are down 0.2%.
Spot gold is down 3.6% to 47.10% as of the time of this recording, after crashing nearly 10% on Friday when prices plunged below $5,000 an ounce.
Silver is down 4% at $81.
The federal government entered a partial shutdown early Saturday morning, even after the Senate passed a funding package hours earlier.
The shutdown is expected to be brief.
According to an interview with NBC News, House Speaker Mike Johnson is confident that the partial shutdown will end by Tuesday, saying there would be enough Republican votes to clear the federal spending package.
The Senate on Friday approved a five-bill spending package for government agencies through September and another measure to fund the Department of Homeland Security for two weeks.
The legislation must be approved by the House, which returns to Washington today.
Oil prices are down more than 5%, set for the largest single-session decline in over six months, after President Trump noted that Iran was seriously talking with Washington, signaling potential de-escalation.
Brent crude futures and West Texas intermediate crude are each down in the 5% range.
Both contracts slid from multi-month highs after Trump's weekend comments eased military strike fears.
ANZ analysts said in a note that the distinct shift in his messaging has eased concerns of supply disruptions.
The note goes on to say this removes some risk premium out of the market, even as U.S.
military presence in the region continues to build.
It said nevertheless tension remains high.
Iran's supreme leader warned of a regional war if the U.S.