Today’s Top Stories From the Breitbart News Desk

[Maganomics Daily]( Today’s Top Stories From the Breitbart News Desk The pandemic housing boom is not fueling demand for just single-family homes in the suburbs. It’s also driving up demand for cars and trucks. Supplies of new autos are low after automakers slammed the brakes on production during the COVID lockdowns, so buyers are turning to used cars. The price of used cars jumped 6.7% in September, the biggest monthly price gain since 1969, according to data from the Department of Labor’s Consumer Price Index. That followed a 5.4% gain in August. Compared with a year ago, prices are up 10.3%. It’s not just the flight to the suburbs that’s driving demand for cars. So is the shifting pattern in travel away from other forms of transportation. Airline ticket prices are down 25% compared with CPI data from last year. Delta reported a staggering $5.4 billion loss in the third quarter, bringing its two-quarter losses to $11 billion. That was worse than the already hugely deflated expectations of Wall Street analysts. Prices of intracity transportation services – everything from buses to trains to car services and taxis – are below last year’s levels. The major cruise lines are canceling their cruises. People are relying on cars more and more. [Tech genius says this is the next tech cash cow]( Is there an end in sight? Used-car prices will likely normalize as we move further away in time from the new-car shutdowns and demand becomes saturated. Home sales will slow seasonally as the weather turns colder. But with major city amenities still closed – Broadway says it will not reopen until next summer, at the earliest, and major city schools remain shuttered – spring may see a secondary surge of home and car buying. Small-business optimism jumped much higher than expected and is now back at the elevated levels we saw pre-pandemic. This is all the more impressive because there were several headwinds facing small businesses in September, including the lack of a bill reauthorizing the Paycheck Protection Program, the end of enhanced unemployment checks (which create demand for goods and services), and reports of rising infections across the country. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [Flight From the Cities: Used Car Prices Jump 6.7% in One Month]( The price of used cars and trucks is soaring as Americans react to the disruptions caused by the coronavirus. The Labor Department on Tuesday said that the price of used cars and trucks rose 6.7 percent in September alone. The previous month, used car prices jumped 5.4 percent. Compared with a year ago, prices are up 10.3 percent. The surge in used car prices is likely driven by a huge increase in demand for cars and supply constraints, both linked to the pandemic and the changes it is working on the homes and workplaces of Americans. [[Click here for more]( Recommended Link [Elon Musk: “We’ll do whatever we have to do.”]( [image]( Tesla is facing a shortage of a critical metal… Lithium. CEO Elon Musk is so concerned, he even suggested Tesla might go into the mining business. “We’ll do whatever we have to do.” [Now, there is a massive new discovery of lithium right here in America.]( It’s just 214 miles away from Tesla’s giant Gigafactory. And at full production, it could supply Tesla with 46 years’ worth of lithium. One tiny $4 company owns the mine. And shares could soar if it signs a deal with Tesla. [Dave Forest discusses this developing situation and how investors can take advantage here.]( [Click here]( -- IN OTHER STORIES… [Americans Get Ski Resort Jobs Amid Donald Trump’s Visa Curbs]( Americans are applying for the ski resort jobs opened up by President Donald Trump’s June 22 curbs on J-1 visa workers. Caleb Sample, the hiring manager for a Skico in Aspen, Colorado, told 9NEWS.com that “with the pipeline of foreign workers shut off, Skico is seeing more applications from American college students.” [[Click here for more]( [Small-Business Optimism Soars to Pre-Pandemic Levels]( It’s all the way back. Optimism among small-business owners climbed higher in September to pre-pandemic levels. The National Federal of Independent Business said Tuesday its optimism index rose 3.8 points to 204, a level it last reached in January. That is among the highest readings recorded in the closely watched gauge of business confidence. Economists had expected the index to more or less hold steady near last month’s reading of 100.2. The range of estimates was between 99 and 102, so this was twice as strong as the most bullish forecast. [ [Click here for more]( [Delta Reports Massive Quarterly Loss]( Americans are still avoiding air travel, and that is slamming the airlines. The Department of Labor said Tuesday that the price of airline tickets is down 25 percent compared with a year ago, squeezing margins of airlines now flying far fewer flights. Passenger volume is down by about 60 percent, according to TSA data. So Delta Air Lines was expected to announce a loss Tuesday when it reported quarterly earnings. But the net loss of $5.38 billion in the third quarter, or a $6.9 billion pre-tax loss, dwarfed those expectations. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [When to Doubt the Data]( Should we stick with the old way of interpreting data or submit to a new interpretation? [[Click here for more]( [Is Bitcoin About to Go Mainstream? If So, How Can Investors Profit?]( This tech giant will try to help retailers adopt crypto as a payment method… [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Gold Investor's Guide]( [image]( [Free Report: America's #1 Portfolio Protection Plan]( [image]( [The Trader’s Guide to Technical Analysis]( [Maganomics]( Maganomics Institute 55 NE 5th Avenue, Delray Beach, FL 33483 [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](. Maganomics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-415-6046, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@maganomics.com). © 2020 Signal to Noise, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Signal to Noise, LLC. [Privacy Policy]( | [Terms of Use](