Today’s Top Stories From the Breitbart News Desk

[Maganomics]( Today’s Top Stories From the Breitbart News Desk The stock market rebounded today after its worst week since the pandemic rally began in the final week of March. Even with last week’s decline, however, stocks are way up. The Nasdaq Composite is up 35% compared with a year ago, up 23% since the start of the year, and up an almost unbelievable 61% since the depths of the February-March sell-off. No wonder investors are eager to buy the dips. Not doing so last time proved a costly mistake. This week brings not only a Fed meeting but also a flood of economic data. The Fed is not likely to make any big waves after changing its approach to inflation last month. But the economic data has substantially improved over the following weeks, so investors will want to pay close attention to whether the tone of the Fed’s statement or Chairman Jay Powell’s press conference is more upbeat. Both the U.S. and China are set to release August data on industrial output tomorrow. The rebound in U.S. industrial production has generally surprised to the upside in recent months, with a particularly strong 3.4% gain in July for manufacturing. Even still, industrial production is about 8.4% below February’s pre-pandemic level. For August, analysts are predicting 1.2% growth overall and 2.2% growth in manufacturing. They forecast China’s industrial production growing around 5.2% following a 4.8% rise in July. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [Summer Rise in Infections Did Not Reduce the Number of Americans Shopping or Dining Out]( The summer’s rise in coronavirus infections did not dampen the likelihood of Americans to engage in consumer behavior that involves visiting public places. Almost six in 10 Americans say they or someone in their household has visisted a grocery store in the past two days, according to the Franklin Templeton-Gallup Economics of Recovery Study. Two in 10 say the same about restaurants and pharmacies. [[Click here for more]( Recommended Link ["Red Alert" Issued by Little-Known Financial Agency]( [image]( Most Americans have never heard of a small federal agency called the OFR. It was quietly created in the wake of the 2008 financial crisis as a sort of "early detection system" for financial disasters. Since then, it has mostly been ignored by the media and politicians alike. But all that is about to change. Because this system just flashed a "red alert"… And one top-level analyst, with a history of exposing political and financial secrets… believes he knows the real reason why… [Click here for more info]( -- IN OTHER STORIES… [Tom Cotton Calls for U.S. to Revoke China’s Permanent Most-Favored-Nation Status, a Decision Biden Supported]( Sen. Tom Cotton (R-AR) on Monday announced new legislation calling for the United States to revoke permanent most-favored-nation (MFN) status for China – a designation Joe Biden supported as a senator – and approve it on a yearly basis instead. Cotton said the U.S.’s decision 20 years ago to give China permanent special trade privileges, or MFN status, “supercharged the loss of American manufacturing jobs.” [[Click here for more]( [Mnuchin ‘Somewhat Concerned’ Stimulus Deal Won’t Get Done Before Election – Pelosi ‘Afraid Any Deal Would Be Good for the President’]( Treasury Secretary Steven Mnuchin voiced his concern that another coronavirus stimulus package will not get done before the upcoming presidential election. [[Click here for more]( [Foreign Workforce in U.S. Shrinks as Foreign Students Stay Away]( The pool of foreign workers in the United States is falling because fewer foreigners are enrolling at U.S. universities, according to a Bloomberg article that prompted many complaints by business and migration advocates. “This chart should be setting off alarm bells!” said a tweet by Alex Stapp, the libertarian-minded director of technology policy at the Progressive Policy Institute. “A collapse in foreign students coming to the U.S. is a disaster for long-run innovation and American hegemony.” [[Click here for more]( [Pew: Hispanic Voters Rank Economy, Health Care as Top 2020 Issues]( Hispanic voters rank economic well-being and health care as their top issues heading into the 2020 presidential election, while the issue of immigration is among one of their least pressing issues, a survey shows. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [Buy the Dip? Or Batten Down the Hatches?]( What does this dip in the market mean for investors? [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Ultimate Guide to Taking Back Your Privacy]( [image]( [The Three Best Gold Coin Deals on the Market Today]( [image]( [An Insider's Guide to Making a Fortune from Small Tech Stocks]( [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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