House lawmakers grilling r former special counsel robert hur on his investigation into President Bidens mishandling of classified documents. Hur faced questions from democrats on his decision to include statements on bidens memory in the report. Republicans pressed him on bidens ghost writer and his motivation to keep those classified documents. Watch. The evidence and the president himself put his memory squarely at issue. We interviewed the president and asked him about his recorded statement, quote, i just found all the classified stuff downstairs, end quote. He told us that he didnt remember saying that to his ghost writer. He also said he didnt remember finding classified material in his home after his vice presidency and he didnt remember anything about how classified documents about afghanistan made their way into his garage. My assessment in the report about the relevance of the president s memory was necessary and accurate and fair. February 8th, the white house, question, mr.
Intelligence help hedge funds outperform . We will break down the results later this error. Let us check on the markets. The good news is bad news today, the job strength in jobs performs shows job openings were higherthanexpected enemies we are down on the nasdaq at the moment. We saw a little bit of buying yesterday maybe some profittaking. We are looking at the 10 year yield higher by 10 basis points. The 30 year at the highest since 2007, getting calls for a 5 level and we are looking at strength in the u. S. Dollar with maybe a fed having to remain hawkish. This is the strongest the dollar index has been in about 10 months. What does that mean for another key asset . We are up by 1. 1 for bitcoin. There was some buying yesterday so is it profittaking or it looking toward the trial to Sam Bankmanfried . We know he is facing charges that he swindled aliens of dollars from his crypto platform. He swindled billions of dollars from his crypto platform. Tell us exactly the state of play
Thats the point where we see intervention. Some saying that 160 could be the in the sand. Certainly its the question of how meaningful and house of santa, how effective would any sort of Government Intervention be when youve got that ongoing cap between the fed and the boj . What we are seeing here for equities at the start of the day is a little bit of pressure, following what happened on wall street overnight because we had the s p 500 on its longest losing streak in several months. Really big tech bearing the brunt of that. Earnings and focus, given we have a number of big tech names reporting over the coming days. That could leave clues on the health of the u. S. Economy. Also whether we will see any sort of big ai led rally sustaining the momentum. Lets chains on. Take a look at whats happening in korea to start the day here. The korean won firm are here against the greenback. Six tense of 1 . Broadly, equities just modestly in positive territory. Fx has been a big talking point.
Caroline im Caroline Hyde in new york. Ed and im in san francisco. Caroline tesla asked its investors to approve a pay package. Ed chipmaking orders dive at asml. Our chip stockpiles back . Caroline we will bring you into a conversation with the French Company a toss. In the equity market pulls back a little bit from where it had been. Nevertheless we see bond markets outperform, currently seeing a 20 year yield down to, three basis points. Moving on and looking on the world of crypto. Its been on the downside as the u. S. Dollar is falling. The first time in six days we saw the dollar give up strength as we digest what has been a slightly more hawkish of. Risk assets are still cautious out there. Ed tesla continues to dominate headlines. Down for a fourth straight session. The stock is trading at its lowest level in almost a year and i dont think this has to do with the headlines on the bloomberg terminal. The idea of incorporating in texas, thus about the downward pressure. There is
30 minutes into the training day here in the u. S. As i mentioned, julie, we have the job numbers, but the market is not doing much at the moment. Julie we are very little changed. I wanted to mention some other Economic Data thats not passed us. The idea some reporting its nonmanufacturing index as well today coming in at 68. 150. That is what economists have been predicting with factory orders rising 1. 4 . Durable goods orders up 2 , and if you look at the ex transportation number, that is gain of 0. 7 that is a of 0. 7 . Member 50 is the dividing line between growth and contraction. So it is 60, well above that level. It looks like that expansion is the fastest pace since august of 2005. Ares are short of sort of shrugging off this news. We still have hurricane noise in those numbers. We will get more analysis from diana in a few moments. But if you take a look at equities and across the rate market, and the 10 year yield, we saw a sort we saw a sharp drop, but yields have come bac