Today’s Top Stories From the Breitbart News Desk

[Maganomics Daily]( Today’s Top Stories From the Breitbart News Desk The market today continued to trade out of the COVID trade into something closer to a post-COVID world. The strongest sectors this year were the losers, while the weakest were the day’s winners. The S&P 500’s information technology sector, up 40% year to date, dropped 1.95%, making it the worst of the 11 sectors. Consumer discretionary was the second-worst sector, falling 1.11%. That’s a category that includes Amazon, which fell 3.44%. Online retailers as a whole fell 3.5% but are up 58% year to date. The best sector of the day was energy, up 2.52%. It will come as no surprise that the pandemic has terribly beaten up this part of the economy. For the year, the sector is down 44%. Oil prices rose around 3.5% for the day, but remain at incredibly low levels between $40 and $45 a barrel. What all this amounts to is a picture of a market that believes Pfizer’s vaccine is a game-changer. Instead of facing another year of sheltering at home, investors see a more vigorous reopening next year. Still, there were hints that some of the enthusiasm of yesterday was overdone. AMC shares fell 6.9% after rising by more than 50% yesterday. United Airlines shares dipped after exploding higher. Good times no doubt are ahead of us, but crowds will not be pouring into movie theaters or airports that soon. [Banks Preparing for Major Devaluation of the U.S. Dollar]( The Labor Department released its Job Openings and Labor Turnover Survey for September today. Although September now feels like a different era, it’s worth noting how strong the private-sector labor market appears to be in the report. Hiring jumped 3%, and layoffs fell. Layoffs in manufacturing dropped by 10% compared with a month ago. Quits – which rise when workers feel confident they can easily find new work – jumped higher. While it might be tempting to see remarks by a Biden adviser bashing Facebook for spreading “misinformation” as a significant development, investors were not concerned. The stock fell 2.27%, not exactly a big sell-off on a day when the Nasdaq fell 1.37%. A cautionary note sounded from within the small-business-optimism index. The index’s measure of uncertainty rose to its highest level since November 2016. The driver was fear of lockdowns returning. That was off the stock market radar today, but it may not stay that way. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [Business Hiring Jumped Higher in September, Indicating a Strengthening Labor Market]( The U.S. private-sector labor market strengthened in September as businesses hired more people, posted more job openings, and laid off fewer workers, a sign that the recovery from the spring’s pandemic collapse is more vigorous than previously thought. Job postings by U.S. businesses rose to a seasonally adjusted 5.74 million, up 1.8 percent from 5.64 million in August, data released by the Labor Department showed Tuesday. Businesses hired 5.563 million workers, a 3.1 percent gain from August’s 5.934 million. Layoffs in the private sector were down sharply, falling 17 percent to 1.2 million. By contrast, there were 1.86 million layoffs in September of 2018. [[Click here for more]( Recommended Link [[On Camera] Retired Millionaire Leaves South America to Make Shocking Gold Prediction]( [image]( Legendary investor Doug Casey just made a MASSIVE gold prediction… It’s so outrageous, we nearly refused to publish it. But then Doug agreed to fly 5,700 miles – from his ranch in Argentina to Aspen, Colorado – to explain everything in this exclusive interview. And what he told us left us all shocked… Our entire office is still talking about it. Doug calls it the “most bullish sign he’s seen in 45 years”… and shares his #1 Gold Secret – LIVE on camera. If you’ve been waiting to profit from this massive gold boom… Now is your chance. [Watch the Interview Now (Doug’s No. 1 Gold Secret Revealed)]( -- IN OTHER STORIES… [Pfizer Says It Is Participating in Trump’s Operation Warp Speed, Contradicting Media Denials]( Drugmaker Pfizer says that it is participating in the Trump administration’s Operation Warp Speed, as Breitbart News reported Monday. Reports to the contrary based on a quote from a company executive were taken out of context, the company said Monday afternoon. “Pfizer is one of various vaccine manufacturers participating in Operation Warp Speed as a supplier of a potential COVID-19 vaccine,” the company said in a statement reported by CNN’s Daniel Dale. [[Click here for more]( [Small-Business Owners Grow Worried About Lockdowns as Virus Surges]( Owners of small businesses reported good business conditions in the face of rising COVID-19 infections in October even while they became increasingly wary that governments could once again issue lockdown orders, according to data released Tuesday. The National Federation of Independent Business said its optimism index remained at 104 in October, even with the September score and a historically high reading. That was in line with expectations. [[Click here for more]( [Report: Biden Will Give Eric Schmidt a Prominent Tech Task Force Role]( Former Google CEO and Clinton lackey Eric Schmidt is being considered to lead a key tech task force in a Biden administration, according to a report in the Financial Times. Even though the election result is still disputed by President Donald Trump and the Republicans, Joe Biden is already forming his transition team, which includes many former Silicon Valley employees, including Schmidt. [[Click here for more]( [Former Google Chief Eric Schmidt Applies to Become Citizen of Cyprus]( Former Google CEO and Clinton lackey Eric Schmidt has reportedly applied to become a citizen of the island of Cyprus, essentially buying a passport that would allow him to enter the European Union. The move comes as Schmidt is reportedly being courted for a prominent tech role in a Biden administration. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [Does Liquidity Trump a Vaccine?]( A vaccine is indisputably good news. But it’s not the only thing driving markets… [[Click here for more]( [Shocking Study: Fed Directly Responsible for Over Half U.S. Stock Values]( This is the impact injecting so many trillions of dollars into the economy has had on the markets. [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Ultimate Guide to Taking Back Your Privacy]( [image]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [image]( [Trading Basics: Two Building Blocks Every Trader MUST Know]( [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](. 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