Presidential budget proposals are ‘aspiration’ to use the phrase that some have applied to the Green New Deal. But it addresses several items that should be important to investors, professionals, and the nation at large. On a day when the broader markets rose overall, and industry track stocks closed mostly up, we focus on the topic of welfare reform and why it matters.
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…
- Facebook livestreamed a massacre
- Facebook says it’s policing its platform, but a horrific video slipped through the cracks. Why?
- How the attack was designed, in part, to exploit social media
- Some media outlets aired the video. Should they have?
- Social media struggle to halt the spread of New Zealand shooting video
- LIVE UPDATES It was a good week for the Dow, Nasdaq and S&P 500
- The SEC is accusing Volkswagen and its former CEO of ‘massive fraud’
- Volkswagen CEO apologizes after appearing to reference Nazi slogan
- One of the world’s biggest investors is breaking up with Goldman Sachs
- Boeing now faces dual crises in wake of crash and grounding
- The company will keep building new 737 Max planes as it scrambles to get them back in the air
- There is big money in podcasting. What does this mean for the industry?
- Content by LendingTree
- 30-year fixed rates just declined. See if you qualify
- Venezuela’s oil industry at risk of collapse, oil watchdog warns
- Facebook marks one-year anniversary of Cambridge Analytica scandal with ‘nightmare week’
- China says it will now treat US companies more fairly. They’re not convinced
- You’re a leader now. It’s time to start acting like one
- When embracing failure can lead to success
- How to prove you have management potential
- Executives say ‘digital detox’ retreats are key to their success
- How successful CEOs manage their time
- Tesla finally unveils its second SUV, the Model Y
- See Tesla’s new Model Y
- Why the Model Y will be Tesla’s most important car
- Elon Musk isn’t a liability to Tesla. He’s a ‘liability for himself’
- Tesla’s Model 3 isn’t the electric car for everyone
Select Bullets from Fox Business…
- Admissions scandal won’t impact rankings by U.S. News & World Report
- College cheating $1M bail: Govt. gone overboard
- Opinion – SAT tutor who makes $1,000 per hour says ‘I am part of the problem’
- Joe Montana, Phil Mickelson linked to Singer’s college prep firm at center of scandal
- Alan Greenspan: Social Security solvency may require benefit cuts
- FAA should not have grounded Boeing 737 Max jets, former government official says
- Nike built Duke’s Zion Williamson customized shoe before return: Report
- Daughter of American imprisoned in Venezuela: Father has been without food for three days
- US oil rig count falls to lowest since April 2018: Baker Hughes
- Tesla bets on Model Y for main street appeal
- Winklevoss twins on Gemini, why bitcoin may replace gold
- Homes are flying off the market in these five cities
- US job openings swell to 7.6M in January, amid tight labor market
- Marie-Kondo effect: Goodwill doesn’t want your junk
- Eli Manning to become NFL’s highest-earning player ever, despite recent struggles
- ‘Godfather’ actor Gianni Russo on mob ties to JFK, Marilyn Monroe deaths
- Time is just right for moving more Americans from welfare to work
- S. economy, manufacturing and oil boom proving socialist naysayers wrong
- Kennedy: Bernie Sanders will ‘eat’ Beto O’Rourke for breakfast
- Teen makes $200K playing ‘Fortnite’
- Portland, Oregon vs. 5G: City officials push to block rollout over health concerns
- Macro situation is good for Boeing: Gasparino
- Oil billionaires help fund state, local governments in Oklahoma
- Private equity firms’ biggest earners last year
- Here’s how much the Mega Millions winner will get after taxes
Today’s markets and stocks, at the closing bell…
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 –
There are several topics covered in this NBC News video dubbed as “White House Defends President Donald Trump’s Budget On National Debt, Medicare, More.” At about the 4 minute mark, the topic of welfare reform is directly addressed, although aspects of entitlement spending are raised prior to that mark.
Kristina Rasmussen is vice president of federal affairs at the Foundation for Government Accountability. In a column on Fox Business, Rasmussen made some interesting points on the issue of welfare reform in the 2020 budget.
- “There is a near-record number of able-bodied adults dependent on food stamps today—and only eight percent of this group work full-time jobs. According to government data, 28 million able-bodied adults are on Medicaid, and most aren’t working at all,” said Kaye.
- “Other would-be workers are being kept on the sidelines by a broken federal disability insurance program that disincentivizes work—similar to the welfare system.”
- “Still more are dissuaded by government-imposed barriers, high occupational licensing fees and lengthy education and training requirements that often do not align with a given profession.”
- “One such reform would bring work requirement uniformity across federal welfare programs by requiring recipients of Medicaid, the Temporary Assistance for Needy Families (TANF) program and the Department of Housing and Urban Development’s (HUD) rental assistance program to work, train or volunteer at least part-time in order to receive welfare benefits. This would only impact those welfare recipients who have the ability to work — whether part-time or full-time.”
- “Research shows that work requirements have powerful impacts on those stuck in a welfare rut, taxpayers and the economy. In Florida, after work requirements went into effect, those leaving welfare found work in over 1,000 industries. In Arkansas, the same group returning to the workforce more than tripled their incomes within two years.”
The reforms would eliminate waste while preserving the benefits for those in need, said Rasmussen.
- “Bold reforms that emphasize the importance of work are exactly what our economy needs to kick it into high gear and to reach the president’s goal of sustained GDP growth of three percent or better.”
- “To do this, the nation’s workforce must expand by millions. We have the people to meet that demand. Now we need the policies to match.”
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).
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.