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Todayâs Top Stories From the Breitbart News Desk
Stocks jumped higher today as pressure mounts on Nancy Pelosi to reach a deal with Treasury Secretary Steven Mnuchin on an economic aid package.
Many Democrats have resisted reaching any deal with the Trump administration for fear that accelerating the recovery could boost Donald Trump’s reelection hopes. But with the election just weeks away, any economic stimulus from the government would likely arrive too late to make a noticeable difference by Election Day. That actually creates an opening for a deal because Pelosi could approve it without risking giving aid and comfort to the bad orange man.
Stocks got a second jolt of hope late in the day when Trump tweeted the news that he was leaving the naval hospital and returning to the White House. That somewhat confounds the conventional wisdom on Wall Street that Trump’s illness was making a deal more likely. If that were true, one would expect Trump’s speedier-than-expected recovery to hurt stocks by damaging the chances for a stimulus bill.
[Tech genius says this is the next tech cash cow](
The news that the owner of Regal, Cineworld, and Picturehouse movie theaters in the U.S. and U.K. is shutting its theaters due to lack of demand is a stark reminder the economy is still in a very fragile place. The theater chain pointed at the delay of the release of the next James Bond title as a triggering event.
There are simply no blockbusters coming out to attract people to see movies. It’s likely, however, that fear of contagion is also depressing demand. Sitting near strangers in a dark room to watch Hollywood’s latest productions just does not seem like a fun time in the age of COVID.
Meanwhile, infections continue to rise again in Europe, prompting France to put itself on maximum alert. All bars will be required to close down, and “festive gatherings” will be banned. This raises the risk that economies across Europe could begin contracting again.
Closer to home, New York City is closing some schools and restaurants in neighborhoods where infections have been rising.
â Alex Marlow, Breitbart News Network
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TOP STORY
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[Paris on Maximum Virus Alert, Closing Bars, Not Restaurants](
French authorities placed the Paris region on maximum virus alert on Monday, banning festive gatherings and requiring all bars to close but allowing restaurants to remain open, as numbers of infections increased rapidly. Paris police prefect Didier Lallement announced the new restrictions would apply at least for the next two weeks. [[Click here for more](
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IN OTHER STORIES…
[Hundreds of Regal, Cineworld Movie Theaters to Close](
Shares in the company that owns the Regal, Cineworld, and Picturehouse movie theaters fell as much as 58 percent after it said it will temporarily close the venues because delays to the latest James Bond film left it with few blockbusters to attract customers during the pandemic. Some 45,000 employees are affected. [[Click here for more](
[Some Orthodox Jews Bristle at NYCâs Response to Virus Surge](
Amid a new surge of COVID-19 in New Yorkâs Orthodox Jewish communities, many members are reviving health measures that some had abandoned over the summer – social distancing, wearing masks. For many, thereâs also a return of anger: They feel the city is singling them out for criticism. The latest blow: an order Monday from Gov. Andrew Cuomo temporarily closing public and private schools in several areas with large Orthodox populations. It will take effect Tuesday. [[Click here for more](
[WSJ: Facebook Lawyers Call Breakup of Social Media Empire a âComplete Nonstarterâ](
Facebookâs lawyers claimed in a recent document reviewed by The Wall Street Journal that a government breakup of Facebook from Instagram and WhatsApp would defy the law, cost billions of dollars, and harm consumers. According to the report, the document states: âA âbreakupâ of Facebook is thus a complete nonstarter.â [[Click here for more](
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FROM THE MAGANOMICS INSTITUTE…
[By This Measure, Some Stocks May Be Massively Overvalued](
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