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Big Picture, JP Dimon Says Chase Preps for Zero Percent Rates, plus Manufactured Housing Investment Updates

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Fort Worth, Texas this September 16-18 manufactured home sale
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DowJones9102019YahooManufacturedHomeProNewsStockUpdatesRates are shifting in several leading economic countries, as tonight’s focus will reflect. Clearly, interest rates impact housing, including manufactured home lending and investments. Before teeing up, and diving into this evening’s report, a short preface.  MHProNews sees this industry’s potential in big terms, not miniscule. Thus, big picture economic, political and other issues – beyond strictly affordable housing – matter when curating topics for our readers to consider. That said, as noted, rates matter and zero rates could create interesting wrinkles for housing professionals to ponder.  JP Dimon’s thoughts, and those of a CNBC panel, will be our feature tonight.

 

Every evening our headlined provide snapshots from two major media outlets on each side of the left-right news spectrum that reflect topics that influence or move investor sentiment. In moments on this business evening report, you can get insights-at-a-glance.

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This report also sets the broader context for manufactured housing markets, in keeping with our mantra, “News through the lens of manufactured homes and factory-built housing©.

We begin with left-of-center CNN followed by right-of-center Fox Business. We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.

 

Headlines from left-of-center CNN Business.

  • Oil prices tumble
  • The cost of crude fell quickly today after news that John Bolton was fired
  • Peloton fitness startup seeks to raise over $1 billion
  • Uber is laying off hundreds of staffers, again
  • Amid sexual assault concerns, Lyft tries to reassure riders with safety measures
  • Opinion: While the government does nothing about gun violence, CEOs are filling the void
  • Yet another Boeing plane has a problem
  • Is Wall Street cooling to tech unicorns?
  • AT&T bought DirecTV for $49 billion. It’s still paying a price for the deal
  • L Brands chief is ’embarrassed’ by his ties to ‘depraved’ Jeffrey Epstein
  • FRANKFURT MOTOR SHOW Land Rover gives one of its most famous SUVs a makeover
  • THE IPHONE 11 IS HERE
  • Apple Watch Series 5 ‘never sleeps’
  • CEO Tim Cook unveiled new iPhones, iPads, a new Apple Watch and more
  • As it happened: Catch up on the event here
  • Here’s what all the new iPhones will cost
  • Analysis: Two reasons why Apple’s new gadgets are surprisingly affordable
  • Apple adds ‘Pro’ to its bizarre iPhone naming convention
  • Apple unveils 7th generation iPad
  • After Apple event, iPhone memes popped up faster than you can take a ‘Slofie’
  • Analysis: Forget the iPhone 11. This is what investors should care about
  • Opinion: Apple is playing catchup. New iPhones won’t help
  • Google finds evidence of attempted mass iPhone hack

 

Headlines from right-of-center Fox Business.

  • APPLE’S STREAMING SERVICE IS ‘MAJOR SHOT ACROSS THE BOW’ AT NETFLIX, DISNEY: ANALYSTS
  • Apple’s new streaming, gaming services to keep consumers in their ‘ecosystem’
  • APPLE UNVEILS NEW IPHONES AT SPECIAL EVENT
  • CEO Tim Cook introduced several new products at the Steve Jobs Theater on the company’s Cupertino, California campus.
  • Thousands of trucking jobs lost in August as industry battles challenges
  • Billionaire Kylie Jenner strips down for Playboy
  • Hedge funder who bought most expensive home in US strikes again
  • 8 of the innovative cars electrifying the Frankfurt Motor Show
  • The 5 most affordable college towns
  • Lyft rolls out 3 new safety measures
  • Michael Bloomberg pours millions into new health campaign
  • New study reveals link between wealth and life expectancy
  • Rob Gronkowski saves entire NFL salary, retires with millions
  • Trump didn’t start the China trade war: former Bear Stearns exec
  • New Jersey governor signs executive order targeting gun manufacturers
  • How much ‘prison coaches’ get paid to help white-collar criminals
  • Gold could soar to new record high, Citigroup says
  • VW says it will be able to do something Tesla has struggled to do
  • Why Wall Street likes Popeye’s

 

10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

Yahoo10MarketClosingIndicatorsManufacturedHomeProNews9.10.2019MHProNews

 

Tonight’s Business/Market/Political Impact Spotlight –

BigPictureJPDimonChasePrepsZeroPercentRatesPlusManufacturedHousingInvestmentUpdates

Jamie Dimon says JP Morgan is preparing for the risk of zero rates in the US

According to left-of-center CNBC…

  • “Obviously, you’ve got to worry about the long term effect of those interest rates,” Dimon said.
  • Dimon, chairman and CEO of J.P. Morgan, admitted that the drop in U.S. interest rates surprised him.
  • The bank can trim costs and charge clients more account fees to make up for squeezed margins as rates fall, Dimon said
  • Jamie Dimonsaid that while he doubts the wave of negative interest rates in countries around the world will reach the U.S., he’s preparing J.P. Morgan Chase for the possibility anyway.
  • “I don’t think we’ll have zero rates in the U.S., but we’re thinking about how to be prepared for it, just in the normal course of risk management,” Dimon said Tuesday at a conference in New York.
  • “Obviously, you’ve got to worry about the long-term effect of those interest rates,” Dimon said. “But it’s hard. There are businesses it doesn’t affect at all. And there are businesses where it just sucks into your margin and there’s very little you can do about it.”

 

“I don’t think we’ll have zero rates in the U.S., but we’re thinking about how to be prepared for it, just in the normal course of risk management,” Dimon said Tuesday at New York conference.

Obviously, you’ve got to worry about the long-term effect of those interest rates,” Dimon stated. “But it’s hard. There are businesses it doesn’t affect at all. And there are businesses where it just sucks into your margin and there’s very little you can do about it.”

Dimon, Chairman and CEO of J.P. Morgan, admitted the drop in U.S. interest rates surprised him. Last year, he said that rates should rise and that the 10-year Treasury yield could reach 4 percent. Clearly, not.  What that goes to show thoughtful readers is that even experts can be wrong.

The 10-year yield was at 1.69% on Tuesday, down from 2.68% to start the year. It went as low as 1.44% last month as investors rushed into Treasurys on fears of a global economic slowdown and as the Federal Reserve cut rates.

Benchmark bonds in major countries like Germany are trading with negative yields. It’s a scenario that Warren Buffett was speaking about earlier this year.

The bank can trim costs and charge clients more fees to make up for squeezed margins as rates fall, Dimon said.

How JP Morgan Chase became largest bank in the U.S., per CNBC.

 

 Related Report Manufactured Housing Industry Investments Connected Closing Equities Tickers

Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.

  • NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
  • NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

ManufacturedHousingIndustryConnectedStocks9102019ClosingTickersManufacturedHomeProNewsInvestments

Updated for Summer 2019…

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.

· AMG, CG, and TAVFX have investments in manufactured housing related businesses.

Your link to an example of industry praise for our coverage, is found here and here. For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for Your Vote of Confidence.”

· For expert manufactured housing business development or other professional services, click here.

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Disclosure. MHProNews holds no positions in the stocks in this report.

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Submitted by Soheyla Kovach, co-managing member of LifeStyle Factory Homes, LLC and co-founder for MHProNews.com, and MHLivingNews.com.

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