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JP Morgan’s CEO Jaime Dimon Sounds Off – “For 20 Years, We’ve Been…Driving Capital…Overseas,” plus MH Market Updates

CNNmoney7.30.2018ManufacturedHomeStocksMarketsReportsMHProNewsWheat and chaff. Whatever your politics or bias, take the best information, from a variety of sources, sifting out what’s irrelevant or less relevant. With the midterms less than 100 days out, the intensity of activity – along with red-herring, emotional distractions – will likely grow. Professionals and investors should stay informed, and act upon the best insights available. With that in mind, our focus this evening will be JP Morgan’s CEO, Jaime Dimon’s recent remarks on taxes, regulations, and the needs of the U.S. economy – all of which play into needs and opportunities in MHVille.

 

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 belowafter 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.” ©

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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.

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Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Select bullets from CNN Money…

  • CBS board will hire outside counsel to investigate Moonves allegations
  • Russia dumped 84% of its American debt. What that means
  • Why Amazon can’t touch Ross and TJMaxx
  • MoviePass stock just fell back below $1
  • How Ronan Farrow keeps landing bombshells
  • The ‘catastrophic’ possibilities of a messy Brexit
  • Dunkin’ Donuts introduces its first gluten-free item
  • Tech’s impact on kids: Lawmakers push for research
  • IBM’s blockchain app store wants to help banks cut costs
  • Why is Twitter so toxic? Researchers are going to find out
  • Les Moonves awaits his fate
  • How CBS reported on the Les Moonves and ’60 Minutes’ allegations
  • California’s top court rules workers must be paid for off-the-clock tasks
  • Facebook and Twitter face an uncertain road ahead
  • What is Amazon’s responsibility over its facial recognition tech?
  • How to get a job without really trying
  • Deutsche Bank shifts key business away from London
  • ‘Mission: Impossible – Fallout’ nabs franchise-best opening
  • NYT publisher warned Trump about labeling journalists as enemies
  • UK ‘fake news’ report calls for fines for social media companies
  • WhatsApp has been linked to lynchings in India. Facebook is trying to contain the crisis
  • How the US economy is doing, in four charts
  • Do you have too much money in cash?
  • New York moves to oust cable provider Spectrum
  • Coke is raising soda prices because of aluminum tariffs
  • Shareholders approve Disney’s purchase of most of 21st Century Fox
  • GM sold these money-losing brands. Now they’re making hundreds of millions
  • A new first for LGBTQ business leaders
  • Stale beer? Sam Adams plunges on weak sales and poor outlook

Select Bullets from Fox Business

  • CBS takes no action against CEO Moonves, seeks outside law firm to investigate
  • CBS brass grapples with Moonves’ fate amid Redstone feud
  • US shares broadly lower as tech sector weighs on markets
  • Tyson Foods cuts outlook on tariffs, shares fall
  • GE puts key digital assets up for sale: report
  • Entrepreneurs are leaving Silicon Valley for this U.S. location
  • Charles Koch believes a recession is near because of this one reason
  • Billionaire Peter Thiel backs vegan pet food startup developing lab-grown mouse meat
  • Big Mac turns 50, McDonald’s marks anniversary with ‘MacCoin’
  • Will iPhones finally be more affordable?
  • Serena Williams taught her husband this business lesson
  • Here’s why you may want to think twice before using Venmo
  • Harley-Davidson announced $825M growth plan
  • What you need to know if the government shuts down
  • Uber, Google co-founder and others may have flying cars available by the 2020s
  • Tesla sells limited-edition $1,500 surfboard, hits eBay for $4K
  • Automakers ‘nowhere out of the woods’ from potentially higher taxes
  • I would not bet against Facebook: Jack Otter
  • How the new tax law creates a ‘perfect storm’ for Roth IRA conversions
  • Auto industry helped by taxes, hurt by tariffs: Global Automakers CEO
  • Tesla looking to build Gigafactory in Europe: report
  • Billionaire Peter Thiel backs vegan pet food startup developing lab-grown mouse meat
  • Millennials quitting jobs in favor of travel?

Today’s markets and stocks, at the closing bell…

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Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

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We needed competitive taxes. The way the American public should be thinking of it is: For 20 years, we’ve been increasingly uncompetitive, driving capital and brains overseas,” said JP Morgan’s CEO Jamie Dimon, per CNBC.

  • Dimon also said some of the regulatory rollbacks pushed by Trump are helping small businesses. “We’ve had less small business formation in America than in any other recovery,” he said. “This has accelerated the growth. It’s been 20 percent over 10 years; it should’ve been 40. The reason it wasn’t 40 is because of a lot of things that we did hurt ourselves.”
  • Dimon’s comments come after the Commerce Department said Friday the U.S. economy grew by 4.1 percent in the second quarter. That marked the highest growth rate since the third quarter of 2014, when the economy grew by 4.9 percent.
  • It should be noted, as the Daily Business News did last week, that several sources say the BEA revised the 3rd quarter 2014 down later, plus that the following quarter was much lower.
  • Late last year, President Trump signed a bill that lowered the federal corporate tax rate to 21 percent from 35 percent. POTUS Trump also eased or rolled back last year several pieces of regulation he felt were hurting U.S. businesses.
  • Some of those rollback have arguably been useful to manufactured housing, and some more regulatory rollback benefits may still be coming.

 

 

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).

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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.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

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