One might think that spiking oil would ruffle manufactured home markets. But not so today, as HUD Code factory-home producers today fared well, as did most manufactured housing industry connected stocks tracked here every business evening on MHProNews. But the potential for energy, economic, and geo-political disruption from a hot-war in the Middle East involving the Saudis, Iran, or other nations can’t be underestimated. While the U.S. is more energy secure than it has been in decades, let’s be blunt. Other nations depend on those Middle Eastern oil and gas, and other nations buy – or don’t purchase – products from the U.S. So hurting other economies could hurt the U.S., as those behind the strike no doubt know. Our featured report this evening will be the President Trump’s press conference comments on the drone strike on Saudi oil production.
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.
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.
- Wall Street’s still buying
- Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 3, 2019. REUTERS/Andrew Kelly
- Despite trade tensions and lackluster earnings, investors think the market has room to grow
- Nearly 50,000 union employees are striking against General Motors. Here are their demands
- LIVE UPDATES The UAW says it saved GM. The truth is complicated
- Oil prices spike after attack on Saudi disrupts global supply
- America has a huge stash of emergency oil. This is why
- Alan Valdes: Oil could go to $100 per barrel
- China’s economy is getting worse. That makes a trade deal more likely
- Gas prices will climb following the Saudi attacks
- 3 JPMorgan traders indicted in alleged pricing scheme
- Why America has a White Claw shortage
- CUPERTINO, CALIFORNIA – SEPTEMBER 10: Attendees look at the new Apple iPhone 11 Pro during a special event on September 10, 2019 in the Steve Jobs Theater on Apple's Cupertino, California campus. Apple unveiled several new products including an iPhone 11, iPhone 11 Pro, Apple Watch Series 5 and seventh-generation iPad. (Photo by Justin Sullivan/Getty Images)
- Demand for the new iPhone 11 appears to be off to a good start
- ‘Seinfeld’ is heading to Netflix in 2021
- America’s energy boom can’t stop oil prices from rising
- The Pixel 4 is coming. Google announces October 15 event
- The new iPhone is betting almost everything on its camera
- The Apple Watch’s secret weapon is its new price
- The iPhone 11 is here but is it worth the upgrade?
- Google rolls out Android 10 for Pixel phones
- WeWork is the poster child for everything wrong with tech unicorns
- Inside WeWork, one couple wields control
- Malls are filling their empty spaces with doctor’s offices
- Where the CEO sits matters
- A company where everyone works from home. Here’s how to make it work
Headlines from right-of-center Fox Business.
- SAUDI OIL ATTACK TO IMPACT US GAS PRICES; WHAT TO EXPECT
- Keystone XL pipeline would give US nearly 1 million oil barrels per day
- Stocks slide as oil surges to biggest gain in 11 years
- Trump’s ‘locked and loaded’ tweet after Saudi oil attack means ‘several things:’ VP’s chief of staff
- GM-UAW Strike Latest Developments
- Here’s what GM is offering UAW workers on strike
- GM is making big money and workers want a bigger slice.
- UAW president is unnamed co-conspirator in corruption probe
- The report is another blow to the union’s reputation.
- GM makes these popular vehicles at plants where workers are striking
- Here are some of plants that assemble popular vehicles where UAW workers are on strike.
- Continue to More GM News
- Manhattan DA subpoenas Trump tax returns
- ‘SNL’ fires new cast member on heels of racial slur
- OxyContin heirs find buyer for NYC mega-condo; take a look inside
- $35 million vanishes as payroll company abruptly closes
- General Mills recalling this type of flour after finding E. coli
- Colin Kaepernick’s Nike commercial wins Emmy
- Apple set to fight over $14B in back taxes owed
- These homes are driving the millennial real estate market
- JP Morgan execs indicted on market manipulation, racketeering charges
- Papa John’s feuds with historically black college over scholarship money
- Trump slams Powell and Fed ahead of meeting, calls for ‘big’ rate cut
- Walmart is giving away money for old car seats; here’s how to cash in
- SoFi lands naming rights for LA NFL stadium
- Former NASCAR champion Mike Stefanik dead at 61
- How Purdue Pharma’s bankruptcy will impact pending litigation
- NFL offers $3M helmet challenge to create new model for player safety
- The contest asks helmet manufacturers, engineers and designers to produce a prototype that outperforms all helmets currently worn by NFL players in laboratory testing.
- Texas professor charged with stealing Silicon Valley tech for China’s Huawei
- Bo Mao was arrested in Fort Worth, Texas, on August 14 and charged with conspiracy to commit wire fraud in the theft of a first-of-its-kind drive from CNEX Labs in February 2017.
- Google to pay over $1B to settle France tax disputes
- Alphabet Inc’s Google unit will pay more than $1 billion in fines and back taxes in order to settle tax disputes in France.
- Evie Fordham
- Facebook cryptocurrency threatens national sovereignty, official says
- Facebook’s Libra cryptocurrency is not getting a lot of love from world financial leaders.
- Google confirms settlement on worker speech rights
- The move from the National Labor Relations Board is part of a settlement of formal complaints that the tech giant punishes employees for raising concerns about equality and freedom of speech.
- Gen Z are the most likely to be influenced online compared to older generational counterparts
- Members of Gen Z are the most likely to be influenced online when compared to members of Millennials, Gen X, and Baby Boomers, a recent survey found.
- TiVo looks to stream into the future with a new console
- TiVo’s new CEO, Dave Shull, said he wants to create a spinoff of the company’s patent portfolio by next year, according to a recent report.
- Oracle CEO Mark Hurd taking leave
- US can trump China innovation: Condoleezza Rice
- ‘The United States can win any competition in innovation… but we have to do it in our own way,’ said Condoleezza Rice.
- California bill requiring companies to treat gig workers as employees advances
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Tonight’s Business/Market/Political Impact Spotlight –
- “It’s certainly looking that way at this point,” Trump responds to a question whether Iran was responsible for the attacks.
- The largest oil processing facility at Abqaiq and the nearby oil field was attacked on Saturday, knocking out more than half of the kingdom’s oil output.
- “That was a very large attack and it could be met with an attack many, many times larger very easily by our country, but we are going to find out who definitively did it first,” Trump says.
President Donald Trump said on Monday that he’s in no rush to respond to a coordinated attack that hit Saudi Arabia’s oil industry over the weekend, said left-of-center CNBC.
Right-of-center Fox Business reported that oil prices have surged at the highest rate in 11 years in the wake on the drone strike, being attributed by many to Iran or Iranian backed forces.
The largest oil processing facility at Abqaiq and the nearby Saudi oil field was attacked on Saturday. That knocked out 5.7 million barrels of daily crude production. It is equal to more than 50% of the kingdom’s oil output.
“It’s certainly looking that way at this point,” Trump responded to a question on whether Iran was responsible for the attacks. “I don’t want war with anybody but we are prepared more than anybody … We have a lot of options but we are not looking at options right now.”
“That was a very large attack and it could be met with an attack many, many times larger very easily by our country, but we are going to find out who definitively did it first,” he added.
Iranian president Hassan Rouhani said Monday the attacks on Aramco were a “reciprocal response” to the aggression against Yemen. The Saudi-led military coalition stated that the attack was carried out by “Iranian weapons” which they said did not originate from Yemen.
Satellite and other technology should be able to trace the sources of the attack. But this raised the question, how did the drones escape Saudi radar or other defenses?
On Sunday the president tweeted that the U.S. is “locked and loaded” after the attacks on Saudi’s oil supply. But he also indicated that the U.S. and other nation’s Strategic Petroleum Reserves can keep the markets “well-supplied,” so he is not expecting major disruption at this time.
The president is heading to New Mexico for a campaign rally tonight. It is part of a strategy to turn blue New Mexico into a red Trump state in 2020, per the Trump campaign. MHProNews will monitor the oil and other geo-political developments.
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).
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