On a day when the markets broadly rose following the release by the Trump White House of the transcript of the call with the Ukraine’s president, we’ll look at why investors are now rapidly shrugging off this latest bit of political theater in D.C. If you haven’t seen the transcript, it is found in its entirety as part of our earlier report linked here. That said, tonight will do a brief focus on this topic to make a point that many investors are already coming to realize.
Regular readers please note there are several tweaks and changes in some of the ‘standard text’ that follows before our left-right headlines and also in other features near the end of tonight’s reports.
Every evening our headlines that follow 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 headlines 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.
Perhaps more important, you will get insights about the industry from experts that care, but also dare to challenge the routine narrative that arguably keeps manufactured housing underperforming during an affordable housing crisis.
Headlines from left-of-center CNN Business.
- Filtered out – Employers illegally used Facebook ads to exclude women and older workers, says EEOC
- It’s a time of reckoning for unicorn CEOs
- UAW and GM negotiators are making progress in their talks to end strike
- Anthony Scaramucci says Trump will get fired but markets won’t care
- Your Amazon Alexa can sound just like Samuel L. Jackson
- The impeachment battle is a political earthquake. Here’s what it means for stocks
- Nissan recalls 1.2M vehicles
- Proposed House bill would help rural US carriers pay to pull out Huawei telecom equipment
- Amazon unveils new Echo clock and Alexa privacy features
- Right-wing media defends Trump after White House transcript shows he pushed Ukraine to probe Biden
- These are the people taking the biggest risks in business
- She changed one of McDonald’s most popular burgers. Now it’s paying off
- Bumble’s CEO has a plan to change Indian dating norms, one swipe at a time
- Can Disney compete with Netflix? Bob Iger is about to find out
- One of the world’s top chefs is getting political
- The woman leading Spotify into an entirely new area
- They staked their careers on changing Google’s culture
- He’s changing the way half a billion people pay for stuff
- The hotel industry’s best chance to crush Airbnb
- He built an entire business around people with no credit histories
- She went toe-to-toe with an oil company five times larger than hers. And won
- Buffalo Wild Wings owner to acquire Jimmy John’s Sandwiches
- Vox Media acquires New York magazine
- ‘Seinfeld’ moving from TBS to Viacom, not that there’s anything wrong with that
- Activist investor takes a big stake in AT&T
- CBS and Viacom reunite in merger
- Altria and Philip Morris end plans to reunite
- Juul CEO is out as vaping crisis escalates
- Walmart will stop selling e-cigarettes as backlash spreads
- Cannabis industry calls for legalization and regulation to snuff out underground vapes
- Aurora Cannabis’ next big play: The US CBD market
Headlines from right-of-center Fox Business.
- UAW-GM CONTRACT NEGOTIATIONS HIT NEXT LEVEL
- Investors dismiss impeachment fears, stocks rally
- Trump says there was ‘no pressure’ on Ukraine to investigate Bidens
- Trump on China: ‘They want to make a deal very badly’
- WHY THIS WEEK IS THE BEST TIME TO BUY A HOME
- If you’re looking to buy a home, now may be the time. The week of Sept. 22 is the best week to buy a home in 41 of 53 markets in the U.S., according to a new report.
- AOC rolls out sweeping legislation to combat poverty
- WeWork trying to sell newly acquired businesses after CEO’s ouster: report
- This pop singer could snatch Oprah’s crown as queen of daytime TV
- These oldies are still goodies: The top 10 ‘one hit wonders’ of all time
- Antonio Brown will get paid: Fox Sports host
- Amazon’s hi-tech NFL broadcasts sound like a football fan’s dream
- EXCLUSIVE: BILLIONAIRE JEFFREY GUNDLACH CALLS TRUMP IMPEACHMENT INQUIRY ‘THEATRICS’
- DoubleLine Capital CEO Jeffrey Gundlach says the impeachment proceedings against President Trump are “more theatrics than anything else.”
- Outback Steakhouse is giving away free steaks: Here’s how to get one
- US to remain in international postal union after demanding reform
- Beware of ‘romance scammers’: How this dating site allegedly lured users
- Judge blocks Trump tax return subpoenas for 1 day
- WATCH: Fake FedEx guy wipes out unsuspecting family
- Arby’s owner beefs up portfolio with another fast-food franchise
- Anheuser-Busch won’t associate with Iowa State fan who raised $1M for children’s hospital
- Antonio Brown will get another shot in the league: Former NFL GM
- Buy or sell a home while lounging on your couch? It’s possible
- Trump: Our economy is the strongest in the world and will be for a long time
- President Donald Trump discusses the U.S. economy and how it compares to China’s.
- Mnuchin: We’ve had successful talks with allies about Iran
- S. Secretary of the Treasury Steve Mnuchin speaks on Iran, Japan, the USMCA and more.
- Artificial Intelligence: The Coming Revolution
- Maria Bartiromo investigates the future of the artificial intelligence industry and its impact on business.
- Apple makes groundbreaking deal with TuneIn to expand radio offerings
- Apple makes deal to greatly expand their radio offerings with new iOS13 operating system.
- Boston Dynamics’ dog-like ‘Spot’ robot goes on sale — but there’s a catch
- To be considered, companies interested in purchasing “Spot” must explain how they would use the device to aid their business.
- FCC accuses Sprint of taking improper subsidies for Lifeline subscribers
- The Federal Communications Commission lambasted Sprint Tuesday claiming the company got paid for over 800,000 Lifeline subscribers who didn’t even use the service.
- The US’s quantum leap to dominate AI[overlay type]
- Julia Limitone
- The US’s quantum leap to dominate AI
- ‘We found a couple of years ago that we were in about third place on the supercomputers and the administration made the commitment that that’s not good enough,” said Rick Perry to FOX Business.
- Apple in America: Latest Mac Pro to be made in Texas after securing tariff exemptions
- Apple will make its redesigned Mac Pro in Austin, Texas.
- Elon Musk reveals behind-the-scenes photos of SpaceX Starship
- SpaceX is building a Starship prototype in South Texas, and CEO Elon Musk shared photos on Monday.
- This country is using AI to catch drivers using phones
- At least 75 countries, following China’s lead, are actively using AI tools such as facial recognition for surveillance.
- Softbank supports ousting WeWork CEO Adam Neumann
- There is more trouble for the embattled WeWork CEO, the WSJ reports.
- Stripe becomes third-most valuable startup — only these 2 companies are worth more
- Stripe, a financial technology company, has been valued at $35 billion after a new round of fundraising.
- Apple scores major victory in U.S. – China trade battle
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Tonight’s Business/Market/Political Impact Spotlight –
This might be classified under the ‘boy who cried wolf,’ part 47. That’s actually sarcasm, given the dozens and dozens of times that someone emerged to claim that President Donald J. Trump did something so terrible that impeach would soon follow.
The president isn’t a saint, he said so himself during the 2015-2016 campaign cycle. So this isn’t about a defense of the president, rather, it is about what these all-too-routine attacks by political opponents have come to represent. It’s this. The markets have often whipsawed due to the latest Kabuki theater.
First, we’ll give left-of-center CNBC’s – not our – update of the latest update. Several sources are reporting that market analysists have basically said, ‘not to worry’ about any chance for a presidential impeachment. Not only is this a nothing burger, impeachment odds are quite low. Following their bullets and video, a few points for investors and others who follow this nightly report and column to ponder.
- A whistleblower’s complaint reportedly about a phone call between President Donald Trump and Ukraine President Volodymyr Zelensky was delivered to Congress on Wednesday.
- The complaint was delivered by hand to a secure facility in the Capitol building, where multiple lawmakers, including Intelligence Committee leaders Sen. Richard Burr, R-N.C., and Rep. Adam Schiff, D-Calif., have viewed the materials.
- The complaint had spurred Democratic leaders to support launching an impeachment inquiry this week against Trump.
Warren Buffett has famously said that the markets reward the patient and punish the impatient. Ponder that when it comes to these types of headlines that send investors south.
But this kind of theatrics is all about 2020. Democrats are not nearly as confident as they project that they can beat President Trump. Thus, their leadership – right or wrong – made the decision some time ago to keep a steady stream of smoke generation that will hopefully keep their base in line, and keep less focused independents wondering just how bad President Trump really is. After all, if there is smoke, there must be fire, is how millions will reason.
For those who don’t let emotions rule them, this is simple. These presidential calls are monitored and have been for years. Love him, hate him, or feel something in between, the president is clearly an intelligent and successful man. The allegation made no sense, but the allegation may be the thread that since it has now been pulled will steadily cause the VP Joe Biden campaign to unravel.
That will give investors who see who is number 2 and 3 in recent polling pause.
Will another moderate – a former Congressman John Delaney, perhaps – emerge? Perhaps not without something big to shake the field up. But it is still months away from Iowa and New Hampshire. Time will tell.
Some have speculated that this ploy was aimed at much as Biden as it was at President Trump. The allegations of corrupt wrongdoing by Biden with respect to China and Ukraine are not new. They’ve been written about for some years. But his episode will breath new life into it. Like a time-bomb, you can almost count on this ticking down until Biden drops out for whatever reason.
Shifting gears, watch for a special manufactured housing investment focused report tomorrow.
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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