With Hurricane Dorian is still mostly offshore as this is being written, with just the outer bands impacting parts of Florida, today is a good day to focus on the issue of climate change. Certainly, several 2020 politicos and others are doing so too. Given that housing costs are and will be impacted by regulations and plans tied to climate change, that will serve as our market focus tonight. Weather, climate, housing, and related investing. See that, further below.
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.
- Dorian’s destruction
- The strongest storm to ever hit the Bahamas will devastate the country’s tourism economy
- Dow and S&P 500 snap three-day winning streak as tariffs weigh on global economy
- US manufacturing sector shrinks for first time in three years
- Invesco strategist: Huge element of psychology affects markets
- Walmart CEO implores Congress to ‘do their part’ to stop gun violence
- Dozens of states prepare antitrust probe of Google’s advertising practices
- Autoworkers union takes aim at GM in crucial contract negotiations
- AT&T makes WarnerMedia boss John Stankey the presumptive successor to its CEO
- Opinion: Trump’s trade war with China is worth the fight
- Your boss hates you. What do you do?
- Walmart ends all handgun ammunition sales and asks customers not to carry guns into stores
- Lamborghini’s first hybrid car is also its fastest
- Brexit turmoil sends the pound on a wild ride
Headlines from right-of-center Fox Business.
- WALMART ENDS GUN, SOME AMMO SALES, ASKS CUSTOMERS TO KEEP GUNS OUTSIDE STORES
- Stocks fall as trade tensions rise
- US manufacturing sector contracts for first time in 3 years
- Here’s how Trump tweets affect stock market
- US tariffs on China are affecting thousands of household items. Here are a few of the most notable
- DISNEY CRUISE LINE RESPONDS TO CLAIMS IT ABANDONED 97 WORKERS IN PATH OF DORIAN
- Disney defends itself after being accused of ditching 97 employees in the Bahamas near Hurricane Dorian.
- Job growth is the highest in these 5 US cities
- Economist: This Alexandria Ocasio-Cortez backed theory can become a ‘major problem’
- Trump warns China about delaying trade talks
- Boris Johnson under fire: Loses majority, takes heat from Hugh Grant
- Bugatti Chiron shatters speed record at more than 300 mph
- This may be world’s longest cruise, and it’ll cost a boatload
- Congress has the votes to pass USMCA, US Chamber CEO says
- How much will the US-China trade war cost you?
- Ariana Grande sues Forever 21 for $10M, alleges brand stole her image, likeness
- Krispy Kreme heats up pumpkin spice wars with offer to burn competition
- Hurricane Dorian: Insurers rally as storm likely to miss Florida
- Man angry about Popeyes chicken sandwich shortage pulls gun on restaurant worker
- Huawei reportedly accusing US of cyberattacks
- FBN’s Susan Li with the latest on the protests in Hong Kong and reports Huawei is accusing the U.S. of cyberattacks.
- Former FEMA Director on why Hurricane Dorian is stuck
- Former FEMA Director Michael Brown on President Trump and the government’s handling of Hurricane Dorian and explains why the storm is stuck.
- China already calling the shots in Hong Kong?
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Tonight’s Business/Market/Political Impact Spotlight –
Hey, everyone has:
- made some mistakes.
- Furthermore, if we are candid with ourselves, most of us have bought into some tall tale, fable, or outright lie that turned out not to be true.
- There have also been times when someone we knew, perhaps well meaning, gave us bad information.
- Virtually every mature adult can relate to these bullets, correct? Thus, the principle of wheat and chaff has enduring value.
With that tee up, let’s turn to a truly historic headline from the Associated Press, or AP. Here’s the headline, date, and the full report, which will be followed by a video with some comments by Representative Alexandria Ocasio Cortez (AOC) (NY14-D), and some added commentary.
Please read this carefully, then share it with your friends and colleagues in the industry.
U.N. Predicts Disaster if Global Warming Not Checked
PETER JAMES SPIELMANN June 29, 1989
UNITED NATIONS (AP) _ A senior U.N. environmental official says entire nations could be wiped off the face of the Earth by rising sea levels if the global warming trend is not reversed by the year 2000.
Coastal flooding and crop failures would create an exodus of ″eco- refugees,′ ′ threatening political chaos, said Noel Brown, director of the New York office of the U.N. Environment Program, or UNEP.
He said governments have a 10-year window of opportunity to solve the greenhouse effect before it goes beyond human control.
As the warming melts polar icecaps, ocean levels will rise by up to three feet, enough to cover the Maldives and other flat island nations, Brown told The Associated Press in an interview on Wednesday.
Coastal regions will be inundated; one-sixth of Bangladesh could be flooded, displacing a fourth of its 90 million people. A fifth of Egypt’s arable land in the Nile Delta would be flooded, cutting off its food supply, according to a joint UNEP and U.S. Environmental Protection Agency study.
″Ecological refugees will become a major concern, and what’s worse is you may find that people can move to drier ground, but the soils and the natural resources may not support life. Africa doesn’t have to worry about land, but would you want to live in the Sahara?″ he said.
UNEP estimates it would cost the United States at least $100 billion to protect its east coast alone.
Shifting climate patterns would bring back 1930s Dust Bowl conditions to Canadian and U.S. wheat lands, while the Soviet Union could reap bumper crops if it adapts its agriculture in time, according to a study by UNEP and the International Institute for Applied Systems Analysis.
Excess carbon dioxide is pouring into the atmosphere because of humanity’s use of fossil fuels and burning of rain forests, the study says. The atmosphere is retaining more heat than it radiates, much like a greenhouse.
The most conservative scientific estimate that the Earth’s temperature will rise 1 to 7 degrees in the next 30 years, said Brown.
The difference may seem slight, he said, but the planet is only 9 degrees warmer now than during the 8,000-year Ice Age that ended 10,000 years ago.
Brown said if the warming trend continues, ″the question is will we be able to reverse the process in time? We say that within the next 10 years, given the present loads that the atmosphere has to bear, we have an opportunity to start the stabilizing process.″
He said even the most conservative scientists ″already tell us there’s nothing we can do now to stop a … change″ of about 3 degrees.
″Anything beyond that, and we have to start thinking about the significant rise of the sea levels … we can expect more ferocious storms, hurricanes, wind shear, dust erosion.″
He said there is time to act, but there is no time to waste.
UNEP is working toward forming a scientific plan of action by the end of 1990, and the adoption of a global climate treaty by 1992. In May, delegates from 103 nations met in Nairobi, Kenya – where UNEP is based – and decided to open negotiations on the treaty next year.
Nations will be asked to reduce the use of fossil fuels, cut the emission of carbon dioxide and other greenhouse gases such as methane and fluorocarbons, and preserve the rain forests.
″We have no clear idea about the ecological minimum of green space that the planet needs to function effectively. What we do know is that we are destroying the tropical rain forest at the rate of 50 acres a minute, about one football field per second,″ said Brown.
Each acre of rain forest can store 100 tons of carbon dioxide and reprocess it into oxygen.
Brown suggested that compensating Brazil, Indonesia and Kenya for preserving rain forests may be necessary.
The European Community is talking about a half-cent levy on each kilowatt- hour of fossil fuels to raise $55 million a year to protect the
rain forests, and other direct subsidies may be possible, he said.
The treaty could also call for improved energy efficiency, increasing conservation, and for developed nations to transfer technology to Third World nations to help them save energy and cut greenhouse gas emissions, said Brown. ##
For decades, variations on that theme have been rolled out by ‘climate experts.’ This is a classic example of why a historic view of a subject, business, investment, potential employee, etc. are so useful.
Fast forward to modern times. Recall this video clip from Congresswoman AOC? The commentary by right-of-center Fox News’ Laura Ingraham – in fairness – is making an assumption. Is it possible that AOC is merely misled and mistaken? Sure. After all, she was raised and educated during a time when this was increasingly being taught in public schools. So, be mindful of that possibility, AOC may simply be misled.
Since our Hurricane Dorian report just last week, several things have changed. The report is still useful, because it has additional information beyond a mere weather report. In fact, the report below – which cites mainstream weather sources – underscores that it is hard for weather professionals to predict the march or power of a tropical storm turned into a hurricane just a few days out. Take 5, and check it out, and have your colleagues do so too.
Given that it is difficult to predict the weather only days away, why should industry professionals or investors take the latest dire warnings about climate change seriously?
There are scores of reports like the one from the AP in the years following that report shown above.
Beyond news reports, there are cultural and entertainment influences too. For a personal example, our son 12-year-old son and his dad like to watch episodes of Star Trek the Next Generation together. Produced in the 1990s, that sci-fi show too had periodic story lines based on impending climate disaster. Entertainment of many genre have been doing that for decades, as have climate scientists, who may get hefty research grants, funded by your tax dollars.
The point here isn’t to belittle AOC, or any of the candidates who may be running on platforms that rely in some measure on the belief that the climate is changing and we will all die if we don’t give up our rights to all-knowing, all-wise, and perfectly saintly federal authorities.
There are certainly valid concerns about certain practices as they relate to the environment. At MHProNews there are common sense notions that should span the left-right divide. Avoiding pollution of our land, water, and air is an example. Cleaning up – or properly disposing to being with – hazardous waste is another example. Conservatives, centrists, and progressives can agree on such items.
Even the so-called ‘green’ energy sources have an environmental impact. That’s reality. At this time, there is no widely used technology deployed commercially that is risk-free.
As a closing note, MHProNews continues to promote the ideal that affordable housing should be a nonpartisan or bipartisan issue. Reports like the one below demonstrate that Democrats and Republicans can and have agreed on the value of manufactured housing.
This isn’t about bashing a group, rather it is about what is and isn’t reality. Let policies be debated, based upon facts, evidence, common sense, history, etc. Let the best policy win.
But just as so-called Trump Campaign-Russian Collusion turned out to be a big nothing burger, as a CNN producer admitted in a video captured by a hidden camera, so too over 30 years of global warming/climate change hysteria have proven to be misplaced fears at best.
The climate does change. But it has always done so. The climate changed before the industrial revolution. The climate changed before human history was recorded, per geological evidence. The ice age is an example of pre-historic climate change.
If the Obamas believed in climate change, why did they buy a beach house on Martha’s Vineyard. Per Town and Country, and a slew of other media, “The Obamas’ Martha’s Vineyard Vacation Home Just Sold for $15 Million…” – actually, somewhat less than that, per reports.
The seas have risen and fallen, per geological information but have done so thousands of years before the modern era and so-called ‘man made climate change.’ There are common sense reasons – based on scientific evidence and history – that cause millions of Americans to disbelieve the climate change narrative. If some politicos believe it, so be it.
The maps of Florida over the ages tells the tale, long before the industrial era.
You may want to plan your investment strategies accordingly. If your colleagues already know you don’t believe in climate change as advertised, send them to this report. Just send the link. They’ll click and read it. Even if they don’t open their eyes the first time around, a seed will be planted. We all learn at different paces.
See the related reports for more.
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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