finland, the first major federal gun safety legislation passed in decades, bipartisan, it includes incentivizing red flag laws, closes the boyfriend loophole and funds crisis intervention programs including mental health courts. and tomorrow president biden is expected to sign the bipartisan chips and science act boosting u.s. semi-conductor production and the making of cars, household appliances and computers. also this week he is expected to sign a bipartisan bill enhancing health care and disability benefits for millions of veterans exposed to toxic burn pits. let s get right to capitol hill where they were up all night saturday into sunday, a marathon session, but the senate did pass the inflation reduction act. jessica dean is there. jessica, what is in this big piece of legislation? reporter: good morning to both of you. yeah, this is a big, big win for senate democrats who frankly, john and brianna, they didn t know that they were going to get to this point. this alm
Good morning. It is sunday, april 7 with the president ial race in full swing between the two nominees. Both campaigns are focusing on raising as much money as they can. A couple of weeks ago, joe biden was joined by barack obama and bill clinton to headline a star studded Campaign Fundraiser at Radio City Music Hall in New York City. And brought in a Record Setting 26 million, the most money ever raised for a single political event until apparently last night. Just 11 days after setting the record. Donald trump needed to smash it. And the fundraiser in florida last night, that they took in more than 50 million. And that they are a study in contract. And that it featured musical performances from lizzo and it featured a conversation. And the low end, what as high as 500,000, which included access to the exclusive gathering. And that it is sold out at more than 5,000 people to sell out. Donald trumps event last night was more exclusive affair. And that they were hosted by john paulson a
change the assumptions that drive how much you pay for the stocks. after a long period of no volatility, many experts believe we are due for a more extended bout of it. as for traders and investors, what will they be paying attention to this coming week? a lot of the employment month. the jobs report on friday, stephanie, that could help shape the views of the federal reserve and other policymakers, but it s also going to be a big week for corporate earnings results. 100 or so s&p companies will report financial results including amazon, starbucks, apple, facebook, meta, so there will be a lot of macroeconomic and microeconomic companies, specific drivers next week, so the volatility could continue. done, can you remind our audience, when we see these big tech names, the high fliers suddenly go down, it s not because their businesses aren t doing well, but where their stocks have been trading over the last two years are miles and miles away from the actual fundamentals.
the fact this left of center president gets worse coverage, i would stop to ask what are we doing here and is it accurate? i m definitely hearing that white house aides are saying the same thing they re saying on twitter, the press is piling on, not paying enough attention to positive economics at a point but paying way too much attention to more negative economic data points. can we agree if it bleeds, it leads? negativity bias is nothing new when it comes to policy coverage or all news coverage? i think it s a little different talking about economics. i have been focusing on that and i think the white house is focusing on that too. inflation exists. nobody likes spending $90 to fill up their suv. that s a story. but put it in context, inflation does not equal the economy. and the press the last two months has presented inflation as all of the u.s. economy. and it s just not true. the jobs report on friday, a lot of coverage said this is a bad
above 36,000 for the first time ever. corporate earnings, they remain strong. but the federal reserve announcement coming today, jobs report on friday, sentiment could change if the news isn t what wall street is hoping for. sales are down from last quarter, but we re hoping things will pick up by q3. yeah. uhhh. doug? [children laughing] sorry about that. umm.what.it s uhh. you alright? [ding] never settle with power e trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contract prices around. get e trade and start trading today.