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Good morning. Today is Monday, August 8th, and I'm your host Julie Morgan.

Our Top Stories, The Inflation Reduction Act, and Twitter.

And later, Walmart, Oracle, UPS, Voyager Digital, and Pfizer.

Taking a look back to Friday,

the release of much stronger than expected jobs data

led to a lackluster session on Wall Street as investors

worried that the Federal Reserve would have additional runway to enact an

aggressive plan to raise interest rates. The major averages finished Friday's trading mixed with the NASDAQ and

S&P 500 posting modest losses and the doubt eking out a slim gain. Friday's job reports

on non-farm payrolls expanding by 528,000 in July, more than double expectations

of a 250,000 increase.

The unemployment rate fell to a further 3.5%, marking its lowest level since 1969, while average hourly earnings

grew at 5.2% year over year. Following those numbers, traders now see a 68.5% chance of a third 75 basis point move in

September according to the CME Group's Fed Watch tool that measures pricing in the Fed Funds futures markets.

Looking ahead to this week, we're two days away from the Consumer Price Index report for July,

followed by the Producer Price Index Thursday. In the Earning index Thursday.

In the earnings spotlight today, Luckin Coffee, Dominion Energy, Tyson Foods, American

International Group, Palantier Technologies, and Take Two Interactive Software.

Now are top stories.

The U.S. Senate narrowly passed the Inflation Reduction Act over the weekend.

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