Castro Slammed for Trump Donor Info, plus Manufactured Home Investment Updates

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DowJones8082019YahooManufacturedHomeProNewsStockUpdatesIt has been several days since we curated video content from right-of-center Fox Business, and this particular topic seems ever timely. Congressman Joaquin Castro (D-Texas), twin brother of 2020 Democratic hopeful Julian Castro likely got the publicity he wanted for himself and his sibling when he released donor information in a move that some have called ‘dangerous.’ On a day when the markets rallied, and most manufactured home connected stocks rose, Castro’s reveal is our focus this evening.

 

Every evening our headlines snapshots from two major media outlets on each side of the left-right news spectrum reflects topics that influence, reflect, or move investor sentiment. In moments, you can get insights-at-a-glance. This sets the broader context for manufactured housing markets, in keeping with our mantra, “News through the lens of manufactured homes, and factory-built housing©. 

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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.

 

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Headlines from left-of-center CNN Business.

 

  • UBER Biggest quarterly loss ever
  • The ride-share service hemorrhaged more than $5 billion in just three months
  • Dow ends more than 350 points higher. S&P and Nasdaq erase Monday losses
  • Markets may face another ‘bearish black hole’
  • Facebook offers media outlets millions to license content, WSJ reports
  • Rocket Lab could follow SpaceX into the history books with reusable rocket technology
  • Adidas CEO makes stark prediction about US-China trade war
  • Meet the hedge fund manager rooting for Elizabeth Warren in 2020
  • Fox Corporation board members stay silent amid Tucker Carlson controversy
  • Ronan Farrow’s ‘Catch and Kill’ book slated for October release
  • Fired? Here’s how to handle it in a job interview
  • Broadcom to acquire Symantec’s enterprise security software business
  • Kraft Heinz’s nightmare is far from over
  • Who is the billionaire Equinox owner taking heat for backing Trump?
  • FBI wants to monitor Facebook and Instagram for domestic threats
  • Apple has stopped letting contractors listen to Siri voice recordings
  • How to stop your Alexa voice recordings from being reviewed by a human
  • The fight to stay ahead of deepfake videos before the 2020 US election
  • Impossible Burgers are coming to 1,500 cafeterias this fall
  • Subway is testing out a meatless meatball sub. Here’s why
  • Impossible Whopper is coming to every US Burger King
  • Impossible can’t make its meatless food fast enough. Now it’s partnering with a company that makes meat
  • Dunkin’ now has a Beyond Meat breakfast sandwich

 

Headlines from right-of-center Fox Business.

·        Uber’s $5.4B loss tied to driver-appreciation payout

·        Dow, S&P 500, Nasdaq snap back

·        Pizza Hut closing hundreds of restaurants as it pushes delivery

·        China decries Trump administration’s ban on government business with Huawei

·        Broadcom pays $10.7 billion for Symantec’s enterprise unit

·        Broadcom’s $10.7 billion Symantec deal is all cash.

·        Mortgage rates plunge, here’s how far

·        China harmed US agriculture for years: Soybean farmer

·        One of Warren Buffett’s worst investments just took another big hit

·        Self-driving trucks are on the roads in Texas

·        Equinox, SoulCycle boycott: New York Sports Club CEO welcomes members canceling over Trump fundraiser

·        How AMC is getting people off their couches and into the movie theater

·        New York Yankees to play Chicago White Sox in first-ever MLB game at ‘Field of Dreams’

·        Roku users surge past 30 million

·        Venice cruise ship crash prompts rerouting from city center: Report

·        America’s top party schools: Celebrate at what price?

·        De Blasio wants wealthiest Americans to pay combined top tax rate of 70%

·        Joaquin Castro is encouraging political violence: Varney

·        Equinox, SoulCycle boycott is an ineffective strategy: Anthony Scaramucci

·        Tiger Woods’ caddie Joe LaCava reveals the strangest items in his golf bag

·        Here is the net worth of Jennie Garth, Tori Spelling and the ‘BH90210’ cast

·        Why fighter pilots will always be relevant to US military

·        ‘Dance Mom’ star Abby Lee Miller’s ultimate business comeback story

·        Investors snapping up US homes at record levels: What it says about the housing market

 

10 Market Indicators – Yahoo Finance Closing Tickers on MHProNews…

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Tonight’s Business/Market/Political Impact Spotlight –

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Composite still from video below, text by MHProNews.

Forbes Media chairman billionaire Steve Forbes, FOX Business’ Susan Li, former Obama Administration economic adviser Robert Wolf and Fox News contributor Scott Martin discusses the backlash and controversy Rep. Joaquin Castro (D-Texas) faced backlash after tweeting out a list of donors to President Donald J. Trump.

 

 

It should be noted that at least one of those outed donors reportedly contributed to Castro, not just President Trump. Some people play both sides of the political aisle, and perhaps the person that did that research for Castro didn’t bother to consider what Democrats those same people gave to as well?

MHProNews has said for some time that boycotts and intimidation tactics have a chilling effect on business, free speech, and the proper functioning of a republic.

Despite the rhetoric of some,  there is an effort to silence free speech, and thereby limit constitutionally protected, God-given rights.  Those should be rejected regardless of party labels. Slurs and slander are not the same as fact-checks on issues and vigorous debates on legitimate questions.

As a final note for tonight, recall that early this week ‘the sky was falling’ due to China and trade. A recovery began yesterday and continued today.  It’s still about 15 months to voting in November 3, 2020.  The economy may not be as hot as one would wish, but barring a major war or some calamity, don’t be surprised if it is still doing better than it was in 2016. Good economic policy is good for business and America, regardless of party labels.

 

Related Reports:

Dem Debate Highlights 7.30.2019 ‘FedEx Election to Donald Trump’ – 2020 Hopeful Hickenlooper, Fed Rate Cut…But, plus Manufactured Home Stock Updates

Pain Before Gain, Kevin O’Leary, Trade War “Starting to Work,” plus Manufactured Home Stock Updates

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).

ManufacturedHousingIndustryConnectedStocksClosingTickers8082019ManufacturedHomeProNews

Updated…

Berkshire Hathaway is the parent company to Clayton Homes21st 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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· 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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