Today’s Top Stories From the Breitbart News Desk

[Maganomics]( Today’s Top Stories From the Breitbart News Desk The JOLTS data for July showed 6.62 million job openings, well above the 5.95 million analysts expected. This is welcome confirmation of the strength of the U.S. labor market this summer, at least relative to forecasts. Recall that as the summer started, many expected second-wave COVID-19 infections, extended lockdowns, and social unrest to weigh down the recovery. The stock market’s relentless rise seemed disconnected from reality to many market watchers. Yet as more data has come in, it now seems the market was reading things correctly and the naysayers were needlessly mired in negativity. The good news on the labor market may have played a role in today’s reversal of the three-day sell-off in stocks. The sell-off weighed most heavily on tech stocks, pushing the Nasdaq down into the fastest trip from an all-time high to 10% correction territory in recent memory. New Yorkers got the good news that restaurants will be allowed to reopen for indoor dining at the end of the month. Unfortunately, they will be limited to 25% pre-pandemic capacity, which will make it hard for many to stay in business if the limit lasts long. There may, however, not be much choice. Few would-be diners want to sit side by side, bumping elbows with strangers in a crowded dining room, especially as we head into cold and flu season. London is going the other way, re-introducing strict lockdown measures. That’s a reminder that reviving lockdowns here is not as unimaginable as it might seem. Joe Biden unveiled a tax plan he says will punish offshoring and protect domestic manufacturing. It may instead simply reward companies for setting up the kind of arrangement Apple has with Foxconn, in which a foreign-owned contractor instead of a foreign subsidiary of the U.S. company does the foreign manufacturing. That kind of arrangement would escape the higher taxes Biden says he’ll impose on companies that “offshore” manufacturing on their own. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [U.S. Job Openings Jump Much Higher Than Expected]( Job openings increased for a third consecutive month in July, handily surpassing economic forecasts for the month. The number of jobs available to U.S. workers rose to 6.618 million during the month, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, released Wednesday. [[Click here for more]( Recommended Link [The Most Profitable Wednesday of Your Life]( [image]( Tonight, at 8 p.m. ET, Teeka Tiwari will reveal details on his top pre-IPO pick for 2020. A deal so lucrative he believes it could be your best chance this year to add a million dollars (or more) to your nest egg. [Click here before registration closes…]( -- IN OTHER STORIES… [Gov. Andrew Cuomo: NYC Restaurants May Operate at Limited Capacity Starting September 30]( Gov. Andrew Cuomo (D-NY) announced on Wednesday that he will permit New York City restaurants to reopen and operate at a limited capacity by the end of the month. “I understand the economic benefit and I understand the economic pressure they’ve been under,” Cuomo said during Wednesday’s press briefing. Restaurants in New York City have been confined to takeout and delivery services throughout the pandemic but will finally be able to open their doors for indoor dining on September 30, as long as they adhere to a host of requirements. Those include patron temperature checks at the door, masks, and the enforcement of social distancing. [[Click here for more]( [Donald Trump: Joe Biden ‘Devoted His Career to Offshoring’ American Jobs to China]( Democrat presidential candidate Joe Biden “devoted his career to offshoring” American jobs, President Donald Trump said during a rally in Winston-Salem, North Carolina. “Joe Biden devoted his career to offshoring new jobs, throwing open your borders and dragging us into endless foreign wars and surrendering our children’s future to countries like China,” Trump told the crowd on Tuesday evening. [[Click here for more]( [Biden Unveils Massive Tax Hikes He Claims Will Keep Jobs in U.S.]( Ahead of a campaign stop in the battleground state of Michigan on Wednesday, Democratic presidential nominee Joe Biden unveiled his proposal that he claimed, without evidence, would create jobs and punish companies who send them to other countries. Biden’s plan calls for a “Made in America” tax that would impose a 30 percent tax rate for companies that send jobs away and then sell manufactured items or services back to the United States. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [Stock Market Leaders Hinge on a Vaccine]( What does the ongoing race for a COVID-19 vaccine mean for the market? [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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