Top Stories From the Breitbart News Desk

[Maganomics Daily]( Top Stories From the Breitbart News Desk The ADP employment report showed the private sector adding just 307,000 jobs in November, missing estimates for 420,000 jobs. It’s tempting to ask if economists were high when they predicted ADP’s estimate of hiring would rise in November after October came in initially reported as 365,000. How could they miss the likely impact of a surge in lockdowns and COVID infections? Or the high level of uncertainty created by the apparently unchecked, arbitrary authority of government officials to shut down businesses or reduce their hours? [How To Live Your Best Life]( It’s important to keep in mind that ADP’s private payroll estimate, which is meant to track the government report issued the following Friday, has been unreliable since the pandemic hit. Last month, for example, ADP had payrolls expanding far below the 906,000 in the government’s measure of private payrolls. This is not necessarily a knock against ADP. Like many things, the models designed to estimate employment in normal times may not work in an economy buffeted by lockdowns, social distancing, and huge pandemic-relief programs funded by trillions of dollars of deficit spending. Unfortunately, the Fed’s Beige Book also struck a dour note yesterday. Four of the 12 Fed districts said there was little to no economic growth in recent weeks. The rest described growth as “modest” or “moderate,” which might be fine traits in young men and women, but are not desirable descriptors of economic growth. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [Fed’s Beige Book Reports Slowing U.S. Economic Activity Due to Lockdown Fears and Virus Surge]( A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged, states and cities reimposed lockdowns on businesses, and the election created uncertainty. The Fed report released Wednesday said that overall, the Fed’s 12 regional banks characterized the economic expansion as “modest” or “moderate.” But it noted that three Midwest regions and the Philadelphia region reported activity had begun to cool in early November as COVID-19 cases surged. [[Click here for more]( Recommended Link [Tech Stocks to drop 92%?? (stunning pre…]( [image]( The firm that called the EXACT PEAK of the dot-com boom [has just issued another major prediction](. If you’ve got money invested in the market – and especially in popular tech stocks – this is critical information for the days ahead… [Watch the Video]( -- IN OTHER STORIES… [Nasdaq Requirements Erase Women, Companies to Hire Director Who ‘Self-Identifies as Female’]( Nasdaq has moved to erase the reality of biological women in its quest to increase diversity in its thousands of listed companies, requiring them to include a director who only “self-identifies as female.” In a Monday press release, Nasdaq announced that it had “filed a proposal with the U.S. Securities and Exchange Commission (SEC) to adopt new listing rules related to board diversity and disclosure.” [[Click here for more]( [Homebuyer Demand for Mortgages Jumps 28% Over Last Year]( The great American home rush has pushed mortgage applications from homebuyers 20 percent above last year’s level. Mortgage applications to buy homes rose 9 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally and holiday-adjusted index. That pushed purchase applications up to a level 28 percent higher than a year ago. Refinancing applications have been running incredibly high thanks to very low mortgage rates. Last week, the MBA’s index of refinance applications decreased 5 percent from the previous week but was a jaw-dropping 102 percent higher than the same week one year ago. [[Click here for more]( [Amazon Will Monitor Warehouse Workers with AI Technology]( Amazon announced recently that it will deploy machine-learning AI technology to monitor warehouse workers. The technology is designed to ensure that workers are following social-distancing guidelines during their shifts. Similar technology will also be deployed to monitor the health of warehouse machinery. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [1% Is a Big Number for the Fed]( If Treasury yields rise above this 1% level, that forces the Fed to act… [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Trader’s Guide to Technical Analysis]( [image]( [America’s #1 Portfolio Protection Plan]( [image]( [The Gold Investor’s Guide]( [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. 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