Today’s Top Stories From the Breitbart News Desk

[Maganomics]( Today’s Top Stories From the Breitbart News Desk This morning, the Chicago Fed released its national economic index for July, and it has retreated significantly since a record high a month earlier. The main takeaway is the economy is still progressing, but much slower than its initial rebound from when the coronavirus lockdowns began to wind down. This raises concerns that a V-shaped recovery will be much, much less steep than its decline. Last night in a press conference, the president touted an emergency FDA grant for a “breakthrough” coronavirus convalescent plasma treatment. The treatment involves taking plasma from patients who have recovered from COVID-19 and transfusing sick patients with the antibodies therein. Scientists are still skeptical this is as much of a miracle as the president hopes, but markets reacted strongly and positively to the news. After all, this could be another step toward finding our “new normal.” Most of the major indexes were up today, with airlines and cruise companies among the top movers. In the meantime, Hong Kong reported the first confirmed case of COVID-19 re-infection anywhere in the world. An ominous sign. The National Multifamily Housing Council reported that fewer families are making rent. From the news release: “This is a 2.1-percentage point, or 237,056-household, decrease from the share who paid rent through August 20, 2019 and compares to 91.3 percent that had paid by July 20, 2020.” With unemployment benefits fading and Washington deadlocked on additional relief, this number could be ugly next month. There isn’t a lot of exciting economic data expected this week. Investors are looking toward Thursday, when Federal Reserve Chairman Jerome Powell will address the Jackson Hole symposium. Tonight is the first of four nights of the Republican National Convention. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image] [Zoom Suffers Massive Outages on First Day of Online School]( Video-conferencing app Zoom, which is being relied on by many school districts across the country for online classes, is suffering a massive outage right as many children attempt to begin their first day of classes. Zoom’s official Twitter account was slow to mention the outages, but users across the U.S. have commented about issues they’ve had attempting to log in to the service. [[Click here for more]( Recommended Link [The #1 Biotech Stock Of 2020 (New Report)]( [image]( Jeff Brown is arguably America’s No. 1 most accurate technology investor. In 2015, he singled out Bitcoin before it shot up almost 100x… He also recommended the No. 1 tech investments of 2016, 2018, and 2019… And–this year–he’s already picked two of the three top-performing stocks! Recently, Mr. Brown sat down with Chris Hurt to discuss the state of the stock market… [And discuss his new No. 1 pick.]( As you’ll see, it’s in an industry that billionaires like Jeff Bezos and Warren Buffett are flocking to… (In fact, Buffett recently dumped $800 million of Apple stock to invest in this!) It’s also set to grow an astonishing 5,900%. If you have any interest in tech stocks, you can’t miss this special interview. And the new report Jeff Brown put together. [Click HERE for Full Details…]( -- IN OTHER STORIES… [TikTok sues Trump over his pending order to ban its app]( Video app TikTok is suing the Trump administration over its efforts to ban the popular Chinese-owned service over national-security concerns. TikTok, which is owned by China’s ByteDance, insisted Monday that it is not a national-security threat and that the government is acting to “further the president’s anti-China political campaign.” The company said the government is acting without evidence for its allegations or due process. It filed suit Monday in federal court in California against the Commerce Department, President Donald Trump, and Commerce Secretary Wilbur Ross, saying that it sought to prevent the government from “impermissibly banning” TikTok by overturning President Donald Trump’s executive order. [[Click here for more]( [Pinkerton: California Could Put Out the Fires and Create Real Jobs… or Continue Listening to AOC]( The news that Palantir, the prominent tech company co-founded by Peter Thiel, is leaving California for Colorado sends a strong signal that the gold is leaving the Golden State. To be sure, there’s still plenty of precious value in California. Apple, headquartered in the Silicon Valley city of Cupertino, just became the first company in the U.S. to be worth $2 trillion, and the state’s economy would rate as the fifth-largest “country” in the world. [[Click here for more]( [House Rushes Fast-Track Outsourcing Bill to Senate]( No GOP or Democrat members of the House voted against a rushed bill, approved August 22, that would help Fortune 500 companies quickly outsourcing jobs to foreign workers instead of Americans. The outsourcing bill is titled H.R. 8089, “the Emergency Stopgap USCIS Stabilization Act,” and it was unveiled the day before the vote. It is being portrayed as an emergency bill to prevent imminent furloughs by the underfunded U.S. Citizenship and Immigration Services (USCIS) agency. The agency is funded with fees paid by employers and migrants, but the fee revenue crashed during the coronavirus crash, likely forcing a cost-saving agency furlough this month. [[Click here for more]( [Fortnite Maker Epic Games Claims Apple Is Holding the Company ‘Hostage’ in New Filing]( Epic Games, the studio behind the megapopular game Fortnite, alleges in a new court filing that tech giant Apple is holding its Unreal gaming engine “hostage” by threatening to cut off Epic’s developer tool access. [[Click here for more]( [Vatican: Coronavirus Lockdowns Have Created ‘100 Million New Poor’]( The lockdowns established to counter the spread of the coronavirus have pushed 100 million more people into “extreme poverty,” Vatican News announced Saturday. Citing reports from the Catholic relief organization Caritas Internationalis as well as from the World Bank, Vatican News said that the global health crisis continues to take a dire social and economic toll, noting that twice as many people – 100 million – have fallen into extreme poverty than were previously expected. [[Click here for more]( --------------------------------------------------------------- FROM THE MAGANOMICS INSTITUTE… [DNC Convention: More Spending, but Where’s the Funding?]( Here’s how much the DNC platform could cost Americans. [[Click here for more]( [Maganomics]( Maganomics Institute 55 NE 5th Ave, Delray Beach, FL 33484 [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. 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