Today’s Top Stories From the Breitbart News Desk

[Maganomics]( Today’s Top Stories From the Breitbart News Desk Today’s Consumer Price Index came in with a Goldilocks reading: not too hot, not too cold. Last week’s Producer Price Index showed signs of deflation, with the prices of many goods falling and retail margins being squeezed. A “too cold” CPI would have been a deflationary red alert, a sign that demand had fallen short as the economy reopened in the face of rising coronavirus infection rates in many states. A “too hot” reading would have constrained the ability of the Federal Reserve and the Trump administration to support the economy without feeding unwanted inflation. The reassuring headline figure – a rise of six-tenths of a percentage point (largely due to a slight recovery in extremely depressed gasoline prices) – matched with the calming two-tenths of a point rise in Core CPI, which excludes energy and food. The internal figures looked promising for the reopening, with rises in men’s suit and car rental prices – signs that America is getting out and back to work. Another promising sign: a better-than-expected surge in small-business optimism. Sales expectations jumped much higher, while expectations for inventory and capital investments also improved. Hiring expectations rose as well. But small-business owners remain uncertain about how both the pandemic and the policies designed to fight it might hurt their operations. Yesterday saw California announce a return to lockdowns for many businesses, a powerful reminder of how politicians can shut down broad swaths of the economy with the stroke of a pen. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [U.S. Consumer Prices Show Inflation Remains Tame Amid Reopening and Gasoline Price Hikes]( U.S. consumer prices rose in June, boosted by higher prices at the gas pump, the Department of Labor said Tuesday. The government’s Consumer Price Index, which measures changes in prices paid by consumers for goods and select services, rose 0.5 percent after declining one-tenth of a percentage point in May and eight-tenths in April. That was above the 0.5 percent expected by economists. Core CPI, which excludes the volatile food and energy categories, rose two-tenths of a percent, slightly higher than the one-tenth expected. Compared with a year ago, prices were up six-tenths of a percentage point. Less food and energy, they were up 1.1 percent, a tenth of a point higher than forecast. [[Click here for more]( Recommended Link [The Gains Are Ludicrous. The Speed To Gains Is Insane. And The Sheer Volume Is Unprecedented.]( [image]( The gains are ludicrous. As high as 84,900%. The speed to gains are insane. (That 84,900% gain? It happened in a single day.) And the sheer volume of gains is unprecedented. 179 so far since December. With dozens more expected in the days and weeks ahead. These gains are NOT normal. And NOT to be expected. And, [on July 15, at 8 p.m. ET]( multi-millionaire angel investor Jeff Brown is going to show YOU how to get in on them… So you can be $128,000 richer in the coming weeks – and much, much wealthier in the months and years ahead. The catch? [You must click here to tell Jeff you’re interested – NOW.]( -- IN OTHER STORIES… [Beijing Imposes Sanctions on Lockheed Martin over Taiwan Missile Deal]( The Chinese Communist government on Tuesday announced it will impose undefined sanctions against the Lockheed Martin Corporation to retaliate for U.S. approval of a deal that will upgrade Taiwan’s Patriot missile defense system. “The Chinese side has decided to take the necessary measure by imposing sanctions on Lockheed Martin Corporation, which is the chief contractor in the arms deal,” Chinese Foreign Ministry spokesman Zhao Lijian said at a news conference on Tuesday. [[Click here for more]( [California Launches Antitrust Investigation Against Google]( California, the home state of Silicon Valley, reportedly opened an antitrust investigation against Internet giant Google on Tuesday. Until today, California joined Alabama as the only states not investigating Google’s business practices. California has reportedly launched its own antitrust investigation against Google as Congress and the Department of Justice (DOJ) have started investigations against the Internet giant. In September, attorneys general from 48 states, Puerto Rico, and Washington, D.C., announced that they will investigate Google for potential antitrust violations regarding its dominance in the digital advertising market. Texas Attorney General Ken Paxton has led the investigation and even expanded the probe into other areas, such as Google’s dominance in the search market. [[Click here for more]( [Joe Biden Promises ‘Second Great Railroad Revolution’]( Former Vice President Joe Biden promised a “second great railroad revolution” as part of his climate change pitch on Tuesday in Wilmington, Delaware. As part of a “clean energy” push, Biden promised “jobs that lay the lines for the second great railroad revolution, which will not only slash pollution, it will slash commute times and open up investment in areas connected to metropolitan centers for the first time.” [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [Unspoken Career Risk]( It’s the biggest risk on Wall Street… and no one talks about it. [[Click here for more]( [The Coming War With China: Part I]( Let’s look at the ominous parallels between pre-WWII Japan and today’s China… [[Click here for more]( [Maganomics]( Maganomics Institute 55 NE 5th Ave, Delray Beach, FL 33484 [www.maganomics.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. 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