Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

And just like that, it's February. Today is Monday, February 2nd. I'm Julie Morgan.

Wall Street could be looking at another red day with futures falling. Nasdaq 100 futures are down 0.8%. SMP 500 futures decline 0.5% and Dow features are down 0.2%.

Spot gold is down 3.6% to 4710 as of the time of this recording. crashing nearly 10% on Friday when prices plunge 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 percent% 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

lit from multi-month highs after Trump's weekend comments ease military strike fears. A&Z analyst said

in a note that the distinct shift in his messaging has ease 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. were to attack. At a meeting on Sunday, OPEC plus agreed to

keep its oil output unchanged for March. Bitcoin briefly dipped below support before bouncing back

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