Today’s Top Stories From the Breitbart News Desk

[Maganomics Daily]( Today’s Top Stories From the Breitbart News Desk The Commerce Department’s durable-goods report missed on the headline orders, coming in lighter than expected, but revisions to the July report more than made up for the shortfall. That’s actually a bullish sign because it implies that some of the growth in orders that was expected in August already occurred. After four consecutive monthly increases, durable-goods orders are less than 5% below where they were before the pandemic. That is a surprisingly quick recovery. The stock market appeared to like the news, putting in its best day since September 9. Tech stocks, in particular, led the market up, paring the losses for the week. The Dow Jones Industrial Average rose 300 points, a 1.3% gain. The S&P 500 jumped 1.6%. The Nasdaq Composite gained 2.26%. The S&P 500 Hotels, Resorts, & Cruise Lines Sub-Industry Index, which we think of as a rough-and-ready measure of virus fear in the market, jumped 4.76%. New York City health officials are threatening a new round of lockdowns in neighborhoods that have become hotspots for new virus cases. Mayor Bill de Blasio ordered the NYPD to enforce public health guidelines in a number of Orthodox Jewish neighborhoods in Queens and Brooklyn. Officials from the health department said they would consider shutting down private schools and businesses if case counts did not come down. It’s a stark reminder that we are not out of the woods yet, and many government officials are eager to once again shut down parts of the economy. Case counts are picking up across the American heartland, making small cities in the Midwest and West infection hotspots. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [Durable-Goods Orders Rise for Fourth Straight Month]( Orders for durable goods rose for the fourth consecutive month in August, and orders from previous months were revised sharply higher, according to Commerce Department data released Friday. The manufacturing sector’s recovery now looks to have been even stronger than thought. The government said new orders for durable goods – products that typically last three years or more – rose 0.4 percent in August compared with the previous month. Orders for July were revised up to show a 11.7 percent gain, above the 11.2 percent gain reported a month ago. June’s gains now stand at 7.7 percent. In May, durable-goods orders jumped 15.1 percent as the economy reopened. Orders were down sharply in March and April. [[Click here for more]( Recommended Link [The One Big Threat You Face on November 3rd]( [image]( Markets have soared to new highs in the post-pandemic rally. Apple became the world’s first stock with a $2 trillion market cap. But as the election nears, you face one enormous threat to your wealth and retirement. Bill Bonner, Dan Denning, and Tom Dyson have been tracking this threat for the last two years. They tracked the debt bubble for more than 20 years and were prepared for it to burst. (Actually, Bill has been warning his readers about it for many years.) The coronavirus was just the nail in the coffin… If you were following this advice, you would have been prepared for this situation... but the good news is it’s not too late to [prepare yourself now](. (You might even be able to profit.) [Click here now to watch Bill’s urgent briefing]( -- IN OTHER STORIES… [Virus Cases Rise in US Heartland, Home to Anti-Mask Feelings]( It began with devastation in the New York City area, followed by a summertime crisis in the Sun Belt. Now the coronavirus outbreak is heating up fast in smaller cities in the heartland, often in conservative corners of America where anti-mask sentiment runs high. Elsewhere around the country, Florida’s Republican governor lifted all restrictions on restaurants and other businesses Friday and all but set aside local mask ordinances in the political battleground state, in a move attacked by Democrats as hasty. Meanwhile, confirmed cases of the virus in the U.S. hit another milestone – 7 million – according to the count kept by Johns Hopkins University, though the real number of infections is believed to be much higher. [[Click here for more]( [Toilet Paper. Disinfectant. Coins. Now There’s a Desk Shortage]( First it was toilet paper. Disinfectant wipes. Beans. Coins. Computers. Now, desks are in short supply because of the coronavirus pandemic. Millions of kids logging in to virtual school this fall has parents scrambling to find furniture for them. It’s a small indignity compared with the kids who don’t even have home internet or computers, but it’s a hassle for parents lucky enough to have the space and money to afford desks just the same. [[Click here for more]( [NYC Officials Threaten to Shut Down Neighborhoods Experiencing COVID Spikes]( City officials are threatening to shut down certain New York City neighborhoods if they don’t get COVID spikes under control. An ultimatum from the Department of Health means if they don’t see changes by Monday, schools and non-essential businesses could be forced to close down again. The city is getting fed up and is ready to crack down on neighborhoods where COVID-19 is spiking, particularly in Brooklyn and Queens. [[Click here for more]( [Gov. Ron DeSantis Lifts Key Coronavirus Restrictions Across Florida]( Gov. Ron DeSantis (R) lifted key coronavirus-related restrictions across Florida on Friday and promised the state is “not closing anything going forward.” DeSantis pushed the Sunshine State into Phase 3 of the reopening process, allowing restaurants and bars to operate at full capacity at the state level. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [97,000 Small Businesses Closed Permanently: Deciphering Yelp’s Economic Average Report]( Yelp’s data is complete only through August 2020, but it doesn’t paint a rosy picture. [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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