Today’s Top Stories From the Breitbart News Desk

[Maganomics Daily]( Today’s Top Stories From the Breitbart News Desk Stocks sold off sharply today as both France and Germany announced they were once again imposing lockdowns in an attempt to slow down the spread of the coronavirus. This will almost certainly throw the largest economies in continental Europe back into contraction. The U.K. may not be far behind as pressure mounts on Boris Johnson to impose a national lockdown amid surging infections. That would be bad enough to trigger a sell-off. The economies of Europe are major trading partners with the U.S. and significant customers of U.S.-based global corporations that make up the big stock indexes. When Europe gets a respiratory infection, U.S. stocks are bound to cough. The bigger fear, however, is that this is a preview of what’s to come in the U.S. Infections are rising here, although nowhere near as rapidly as they were in France. But that could change quickly, and pipe dreams that a vaccine will be available in short order are fading fast. The governor of Illinois, J.B. Pritzker, has already ordered the end of indoor dining in Chicago. [Tech genius says this is the next tech cash cow]( “I just think that there’s going to be a call for lockdowns the likes of which we’ve seen in Chicago,” CNBC’s Jim Cramer said. “And I think that the lockdowns without the stimulus equals what we’re seeing." One of the weirder aspects of the pandemic’s economic effects has been the boom in auto sales. New-car sales are projected to be up 3% in October over last year. Ford’s earnings showed the company blew away expectations. Prices of new cars are rising because of the demand surge and a still constrained supply due to factory shutdowns last spring. All the more remarkable in light of the fact that millions of Americans have lost jobs this year, not usually a recipe for sales of big-ticket items. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image]( [Dow Falls Over 900 Points as Coronavirus Cases Surge and Lockdowns Loom]( U.S. stocks sold off for a third consecutive day on Wednesday, as surging coronavirus cases gave rise to new lockdowns in the U.S. and Europe. The Dow Jones Industrial Average fell 943 points, a 3.43 percent decline. The S&P 500 declined 3.53 percent. The Nasdaq Composite also dropped 3.73 percent. The Russell 2000 Index of smaller companies fell 2.97 percent. [[Click here for more]( Recommended Link [“Penny Trade” pays Warren Buffett as much as an extraordinary 4,429%?]( [image]( “Penny Trades” are cheap and explosive… Warren Buffett grabbed 46 million of them for 1¢ a pop. Right now, he’s up as much as a rare 4,429% on this trade. But “Penny Trades” aren’t reserved for billionaires like Buffett. Thanks to SEC loophole 30.52, [you can play them]( in your brokerage account. - One of these “Penny Trades” shot up 183% in one day… - Penny Trades can pay far MORE than stocks… - Our readers just saw a 19¢ trade shoot up as much as a rare 5,100%... [Here’s the #1 “Penny Trade” for RIGHT NOW]( -- IN OTHER STORIES… [CNBC’s Cramer Decries No Stimulus Deal – Future COVID Lockdown Has Everyone ‘Fearful’ of Investing]( Wednesday on CNBC’s Squawk Box, network anchor Jim Cramer voiced his concern over potential lockdowns in response to a recent uptick in coronavirus cases. Cramer said it is a “shame” Congress has not reached a deal on additional stimulus because lockdowns could provide a major blow to the market. [[Click here for more]( [Macron Locks Down France]( French President Emmanuel Macron said he will impose a new nationwide lockdown starting Friday. [[Click here for more]( [Boeing to Slash 7,000 Jobs Due to Pandemic, 737 Max crisis]( U.S. aeronautical company Boeing announced Wednesday it’s slashing more than 7,000 jobs as it deals with the economic fallout of the COVID-19 pandemic and the ongoing disruptions caused by malfunctions with the 737 Max aircraft. [[Click here for more]( [Ford Blows Away Earnings Expectations as Consumers Buy Up Trucks During Pandemic]( Ford Motor blew away Wall Street expectations as well as the company’s forecasted earnings for the third quarter on stronger-than-expected demand during the coronavirus pandemic. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [The Days of Cash Are Numbered]( Digital-only government-issued currencies are inevitable… [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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