WASHINGTON—President Biden plans to lay out a $1.8 trillion proposal that includes new spending on child care, education and paid leave and extensions of some tax breaks, using a prime-time address Wednesday to pitch a package he says will benefit the U.S. economy and workers.

Speaking to a joint session of Congress just before his 100th day in office, Mr. Biden will detail his American Families Plan, which he would largely pay for by raising taxes on the wealthiest Americans. A senior administration official said the president’s goal is “to build a stronger economy that doesn’t leave anyone behind.”

A prime-time address to Congress presents an opportunity to connect to a massive audience. Mr. Biden has attended numerous such addresses, both as a U.S. senator and vice president, but this is his first as president. He will speak to a scaled-down crowd due to pandemic health restrictions, at a Capitol still under heavy security following the deadly storming of...

In this week’s episode of The Macro Setup, Guy and Dan discuss stock markets at highs into a pivotal earnings week and inflation signals in industrial and agricultural commodities flashing red. Guy serves up a witch’s brew with his outlook for higher rates and a lower dollar.We are joined by DailyFX Senior Currency Strategist Chris Vecchio to talk wheat, corn, silver, crude and copper.Brought to you by presenting sponsor IG US.Shoot us an email at contact@riskreversal.com with any feedback, questions, or suggestions going forward and follow us @MacroSetup.Follow the co-hosts:Follow Dan Nathan @RiskReversal on TwitterFollow @GuyAdami on Twitter

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

Liz Young, head of investment strategy at SoFi, and the "Halftime Report" traders discuss the busy week of earnings for Big Tech with names like Microsoft and Apple set to report.

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

Each Thursday at 10:46am ET on OpenExchange, Guy Adami and Dan Nathan offer their hot takes on the most notable Wall Street research of the week. Guy and Dan bring their own unique brand of stock and macro-level calls and tease out the bull/bear cases over the course of 14 minutes.

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

Shortly after the open today, I filmed my weekly In The Money segment with Fidelity Investments. Click below to watch and see my notes below the video:

 

Here are my notes from today’s show:

Macro: Jamie Dimon, the CEO of the largest bank on earth, JPM said last week in his letter to shareholders that “The U.S. economy will likely boom.” Fed Chair Jerome Powell said on 60 Minutes Sunday night that the U.S. economy is at “an inflection point” and about to grow much quicker. With the Nasdaq this week finally making a new high from its prior high in February, and the S&P 500 seemingly making new all-time highs daily, it’s hard to conceive of reasons why or how the stock market could correct, despite being up 10% already year to date. Investors no longer seem particularly concerned with the YTD rise in interest rates given the Fed’s continued assurance that they will not raise rates...

Performance data shown represents past performance and is no guarantee of future results.  Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold.  Current performance may be higher or lower than that quoted.

###

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more