Today’s Top Stories From the Breitbart News Desk

[Maganomics Daily]( Today’s Top Stories From the Breitbart News Desk Donald Trump tweeted yesterday night that he was getting out of negotiating a deal over economic aid with Nancy Pelosi, saying the House Speaker was not negotiating in good faith. As we’ve pointed out frequently for several weeks, Nancy Pelosi was unlikely to ever agree to a legislative bargain that would give Trump something he could call a win. That was the main obstacle to a relief bill. By breaking off talks, Trump was just formally announcing there never was going to be a deal on a comprehensive bill with Pelosi. The mainstream media’s mangling of Trump's decision to call off talks was exceeded only by its mischaracterization of Trump’s calls later last night and this morning for stand-alone bills to provide targeted economic support. Immediately after the announcement, mainstream outlets accused Trump of killing off the stimulus bill that was never alive to begin with. The media’s confusion was especially evident when Trump tweeted his approval of Fed Chairman Jerome Powell’s assessment that the economy needed a new round of support to keep expanding through the end of the year. Because they had reported that Trump called off the talks because he did not really want a relief bill, this was confounding. They just could not comprehend the simpler truth that Trump wanted a bill but could not get one because Pelosi controls the House. [Tech genius says this is the next tech cash cow]( So when Trump began calling for stand-alone bills to support the airlines, send out another round of $1,200 checks, and restart the Paycheck Protection Program, the media wound up reporting this as a reversal of his decision to call off the talks. One falsehood had to be followed by another to hold the narrative together. The true story here is far less twisted. Since no comprehensive deal was possible, Trump walked away from negotiations. But this didn’t mean giving up altogether. Instead, he pivoted to supporting smaller, targeted relief legislation. This was Trump acting consistently rather than erratically. The market certainly understood better than the pundits and reporters. It ignored all the characterizations of Trump as faltering and sent stocks higher. The Dow jumped 1.91%, the Nasdaq Composite 1.88%, and the S&P 500 1.74%. It was the best day for the Dow since mid-July, and all 11 sectors of the S&P were up for the day. No doubt stocks were helped along by confirmation from the Fed that the economy has been growing much stronger than expected despite the pandemic. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [Carney: Nancy Pelosi’s ‘No Deal’ Strategy Killed the Stimulus Bill]( Nancy Pelosi’s long-running charade came to an end today. President Donald Trump on Tuesday finally called a time-out on the pantomime of negotiations that have been going on since sometime last summer over a new tranche of economic relief. [[Click here for more]( Recommended Link [New Masterclass Available: How to Get Rich Using Just 3 Stocks]( [image]( He’s one of Wall Street’s all-time greats… His secret has long been a mystery. But [in this new Masterclass]( he reveals how he used just 3 stocks to retire early. [And how you can do the same thing.]( -- IN OTHER STORIES… [Fed Found Economy Is Recovering Much Faster Than Officials Expected]( Federal Reserve officials last month agreed that the economy was recovering from the coronavirus pandemic recession much faster than they had anticipated. Fed staff told top officials that the projected “rate of real GDP growth and the pace of declines in the unemployment rate were faster over the second half of this year than in the July forecast, primarily reflecting recent better-than-expected data,” according to minutes from the Fed’s September monetary policy committee meeting that were released Wednesday afternoon. [[Click here for more]( [Trump Seeks to Salvage Parts of Virus Aid in Face of Stiff Resistance from Pelosi]( President Trump on Wednesday backed up his position that the government should supply aid to the economy by pressing for $1,200 stimulus checks and a new wave of aid for airlines and other businesses hard-hit by the pandemic. House Speaker Nancy Pelosi has rejected such piecemeal entreaties all along. On Wednesday, she still appeared to take an “all or nothing” approach, preferring deepening economic suffering in the U.S. to passing a series of compromise bills. [[Click here for more]( [Stocks Rise as Trump Tweets on Stimulus Fuel Market Rebound]( Stocks are recovering on Wall Street Wednesday after President Donald Trump followed up on his decision to halt talks on a comprehensive economic rescue package with calls for a battalion of smaller aid packages that might attract bipartisan support. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [Upping the Ante on Stimulus Negotiations]( By breaking off stimulus negotiations with the Democrats, Trump has sent a clear message. [[Click here for more]( [Another COVID-19 Casualty: A Glut of Commercial Office Space]( 80 million+ American workers began working from home in April. Tens of millions still are. [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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