Here's what is happening in the markets today, Monday, August 9th:

- The major averages closed higher on Friday after massive July jobs report
- This week’s focus: key inflation data: consumer price index and the producer price index- Jefferies upgrades Tesla (TSLA) and predicts a rally of more than 20% over the next 12 months

- Berkshire Hathaway’s (BRKB) shares climbed more than 1% in premarket trading on the back of a solid earnings report.

- President Biden’s $1 trillion infrastructure bill is expected to pass this week in the Senate 

- Earnings season continues this week: Tyson Foods (TSN), AMC Entertainment, Coinbase (COIN), Lordstown Motors (RIDE), Palantir (PLTR), Disney (DIS), Airbnb (ABNB) and DoorDash (DASH) are set to report quarterly earnings.

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