New York City Mayor Michael Rubens Bloomberg owns Bloomberg News. Bloomberg has signaled an interest in running against President Donald J. Trump in 2020 as a Democratic Party candidate. So even that brief background is enough to say that Bloomberg News is not a pro-Trump media outlet. With that brief insight, tonight’s market featured report is partially from Bloomberg, which reports that Jack Ma, China’s richest billionaire, has warned that “a 20-year trade war” between the U.S. and China lies ahead.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, after the newsmaker bullets and major indexes closing tickers.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets. Headlines – at home and abroad – often move the markets. So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©
Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.
Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.
This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.
Want to know more about the left-right media divide from third party research? ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.
Select bullets from CNN Money…
- Mark Cuban to donate $10M in wake of Dallas Mavericks workplace probe
- Apple’s latest iPhones are the best yet. But do you need them?
- How investors can stay smart in a ‘noisy’ trade war
- Walmart is where the trade war comes home
- John Hancock wants to turn life insurance into a wellness game
- Don’t cut up your credit cards yet — or sell MasterCard, Visa and AmEx
- New York Review of Books editor out week after publishing widely criticized #MeToo essay
- Walmart wants to bring its ‘everyday low prices’ to health care
- First impressions of Apple’s iPhone XS and XS Max
- European regulators are looking at how Amazon uses data
- Executives on the front line worry about where the trade war goes next
- China says it will ‘never go down the path’ of devaluing its currency again
- Amazon is now the third-biggest ad platform in the United States
- Who needs the US? Alibaba will make its own computer chips
- The trade war is growing. Can Wall Street keep shrugging it off?
- Sony gets in on the retro console craze with PlayStation Classic
- This holiday season will be so huge it will overwhelm stores
- Beneath the surface, investors are starting to fret about the economy
- Tesla stock tumbles on report of criminal probe of Musk claims
- SeaWorld will pay $5 million to settle fraud probe
- Visa and MasterCard agree to settle swipe fee class action for $6.2 billion
- Papa John’s new campaign pushes Papa John further away
- Reddit founder Alexis Ohanian gets yet another job
- Watch Julie Chen’s last day on ‘The Talk’
- Kavanaugh questions; reactions from the right and left
- Early Emmys ratings are at an all-time low
- BMW will shut its Mini factory for a month after Brexit
- The EU is investigating Volkswagen, BMW and Daimler for possible collusion
- ACLU says Facebook allows employers to post discriminatory ads
- Your next car could come with Google Android
- Meet the tech billionaire who will be SpaceX’s first moon tourist
- SpaceX will take a Japanese billionaire on a trip around the Moon
- Apple, Dell and Cisco: Who could get hit by new US tariffs on China
- Caver sues Elon Musk for defamation
Select Bullets from Fox Business…
- Alibaba’s Jack Ma takes back promise to Trump to create 1 million US jobs
- Your Social Security checks are about to get bigger
- Dow climbs as tariffs seen less damaging
- Companies entice workers with perks, not pay
- Michael Jordan makes two enormous donations to Hurricane Florence victims
- The best airports in the US
- Michael Phelps on changing careers: Follow your passion
- Nike’s number of sold-out products spiked after Kaepernick ad: Report
- After Sears sale, Craftsman to launch new tools through Amazon, Lowe’s
- Trucks from Chevy, Ford and Ram headline new 2019 cars
- United Airlines streamlines boarding process
- The world’s ‘ultra-wealthy’ live in these countries
- Pro Football Hall of Famer Eric Dickerson clarifies demands for health care, salaries
- Fitbit launches new health care platform following Apple Watch redesign
- Trade talks with Canada to resume
- Areas in the US with the best economic growth and quality of life
- Can’t miss business news: Facebook accused of bias; United Airlines rolls out new program
- FOX Business Network unveils new primetime lineup
- Americans — even ones in debt — have no problem using their home equity as an ATM
- Six 529 basics you need to know
- Ferrari wants to build its most powerful road car ever
- IRS warns some retirees at risk of tax penalty: What to know
- Next tax cut will help middle class save for retirement, college: Grover Norquist
- How the financial crisis shaped Americans’ saving habits
- Retirement savings crisis: Americans not confident they can save enough
- Macron announces changes to France’s health care system
Today’s markets and stocks, at the closing bell…
Manufactured Housing Composite Value (MHCV)
Today’s Big Movers
For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.
Today’s MH Market Spotlight Report –
promised in the U.S. are now off. Long-time Daily Business News on MHProNews readers may recall that Ma was one of those that made the trek to Trump Tower during the 2016 transition, promising jobs and investments in the U.S. That’s when the now revoked “1 million jobs” were promised.
Ma also said, per Bloomberg, that Alibaba and China must prepare for a “twenty year trade war” with the U.S., one that will extend far beyond the Trump Administration.
Bloomberg reports that “China needs to strengthen its economy to deal with the conflict and shift trade relations from the U.S. to regions like Southeast Asia and Africa, Ma said during a speech at the company’s investor day conference in Hangzhou.”
“Short term, business communities in China, U.S., Europe will all be in trouble,” Ma said, according to Bloomberg as he paced a stage in an open white dress shirt and punctuating his remarks with forceful jabs. “This thing will last long. If you want a short-term solution, there is no solution.”
Bloomberg’s commentary in the video below is interesting.
The Dow and the S&P rose again, despite reports like that that the trade war could get worse. Investors are beginning to adjust.
Editorially and logically, it made no sense for the United States to ship factories and jobs overseas for decade. But that was arguably particularly true with Communist China. Democratic and Republican administrations alike share the blame for a policy that saw more wealth go overseas, that funded a growing Chinese military, that caused the U.S. to have to spend ever more on the military too. To pay for a growing federal debt, especially during Presidents George W. Bush and Barack H. Obama, the U.S. borrowing included China.
The Bloomberg analyst in the video suggests that President Trump may not be interested in making a trade deal. He may be more interested in bringing those industries and jobs back to the U.S. But either way – with an improved trade deal, or with more jobs and investments coming back to the U.S., the net result could be an ever rosier investment position for the U.S.
The biggest caveat could be the 2018 midterms. Readers are reminded that in 2016, MHProNews was one of the few that said for weeks pre-election that their were several reasons to believe that Donald J. Trump could win, despite the headlines from polls that widely proclaimed Secretary Hillary Clinton as winner. That same thing could happen in 2018, but it all depends on turn out. Issues like the one below will be among the drivers. Stay tuned.
Bloomberg Closing Ticker for MHProNews…
NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.
NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
LCI Industries, Patrick, UFPI and LP all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.