Personal federal income tax revenues, as MHProNews recently reported, are actually rising since the tax cut. That’s the historic pattern too. That said, with interest rates rising, those rates impact the federal budget more than anything other single entity in the nation. What it will take to cut the budget is the focus of these evening’s market report, which features an interview with the Bureau of Consumer Finance (formerly called the CFPB), and budget director, Mick Mulvaney.
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…
- Netflix has plenty of room left to grow
- Tesla was fined $20 million for Elon Musk’s tweets. Musk’s got it covered
- Elizabeth Warren wants Toys ‘R’ Us to take care of its 30,000 laid off workers
- The market roller coaster is making investors nauseous
- Pot is now legal in Canada. These are the stocks to watch
- Be wary of this tech stock
- Perspectives: We’re just 2 years away from the next recession
- The company is a confusing maze. Will the new boss cut the complexity?
- Paul Allen’s battle with Bill Gates defined his legacy
- Secret Service reviewing incident of agent blocking reporter from questioning Kushner
- ‘The Conners’ debut nabs solid ratings, but drops from ‘Roseanne’ premiere
- Addiction in the C-suite
- E-Commerce Guide by CNN Underscored
- The world’s first smart, reusable notebook is now less than $20
- How high will oil go?
- President Trump’s looming sanctions on Iran are the biggest threat to the market
- Saudi Arabia is No. 2 supplier of oil to the United States
- Saudi Arabia’s oil is a powerful weapon. But using it has big risks
- Delta overcame rising oil prices by hiking fares
Select Bullets from Fox Business…
- Fed minutes: Strong economy supports rate hikes
- Stocks edge lower in volatile session
- This boxer just signed the richest sports contract in history
- The 10 best cities for jobs right now
- Anti-Nike tweet leads to sports executive’s resignation
- Here are the Sears, Kmart stores closing by the end of the year
- Here’s what it really costs to live like a billionaire
- McDonald’s, Burger King get F on antibiotics report card
- Biggest lottery jackpots in US history
- Here’s how much it costs to buy a McDonald’s franchise
- Truck driver shortage is ‘real’: Here’s how the Trump team plans to fix it
- David Walker: There is no party of fiscal responsibility anymore
- ‘Varney & Co.’ White House Exclusives
- Trump’s regulation rollback is sparking US growth: Larry Kudlow
- US-China trade: Larry Kudlow ‘cynical’ about its prospects
- US is the largest oil, gas producer ‘on face of the planet’: Ryan Zinke
- Trump: Saudi Arabia has a ‘tremendous order’ for weapons that can create 500,000 jobs
- Trump threatens pullout from postal treaty favoring Chinese shippers
- Trump asks Cabinet members to slash budgets in ‘nickel plan’
- Trump trade policies to lift steel worker pay: Report
- Rate hikes will squeeze economy, markets: Harvard economist
- Student loan debt just hit $1.53T. Will the government forgive any of it?
- Prudential no longer deemed ‘too big to fail’
- Jaguars owner Shahid Khan drops bid to buy UK’s Wembley Stadium
- A look at the world’s fastest toaster oven
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 –
You cannot convince a Democrat to cut spending, said Office of Management and Budget Director Mick Mulvaney in the video posted below.
What the video interview doesn’t discuss is the fact that there actually could be a way that the budget can be brought under control, and it is obliquely mentioned.
Mulvaney explains that it normally takes 60 votes in the Senate to get a budget deal, so even a few Democrats can hold that up.
Right now, Republicans have only 51 seats in the U.S. Senate.
But there are more Democrats playing defense in the U.S. Senate than there are for the GOP. Several races are close, and often those are already leaning Republican.
The graphic below reveals how the GOP could grab control of the Senate, by winning in the states that are shown below.
President Trump’s Nickel Plan.
President Trump announced today that he has asked his Cabinet to cut their departments’ budgets by 5 percent in what he dubbed the “nickel plan.”
“I am going to ask each of you to come back with a 5 percent budget cut from your various departments,” President Trump said during a meeting, per Fox Business. He added that the cuts will “get rid of the fat and waste” in the federal government. “I think you’ll all be able to do it.”
The plan would be on non-defense items, and would not include Social Security or Medicare, per sources.
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).
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 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.