Markets and investors prefer certainty to uncertainty. So the announcement by President Trump of more tariffs on China’s products, and possibly additional and higher tariffs yet to come, provided a good dose of uncertainty. On a day when stocks continued to slide, as did most manufactured home connected tracked stocks, we’ll look at the U.S.-China trade issue as our featured topic for tonight.
Every evening our headlines snapshots from two major media outlets on each side of the left-right news spectrum reflects topics that influence, reflect, or move investor sentiment. In moments, you can get insights-at-a-glance. This 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.
- What the trade war means for you
- The price of laptops, clothing, shoes, and toys might go up if the tariffs on China go into effect
- This is who really benefits from Trump’s economy
- Nasdaq logs worst week of the year
- China has ‘few good options’ to hit back against new US tariffs
- The economy added 164,000 jobs in July. The unemployment rate remained at 3.7%
- Apple ‘gut punch’: Trade war will cut iPhone sales by 8 million, analyst says
- Why there’s so much tension between Japan and South Korea right now
- The trade war is hurting banks in America’s farm states, regulator says
- The US computer industry is getting hit by the trade war
- ‘Fast and Furious’ test drives spinoffs with ‘Hobbs & Shaw’
- The US-China trade war is back on. That’s bad news for Huawei
- What’s behind the US government’s massive spending on temp workers
- Regret your request for $125 from Equifax? You may be able to change your choice
- Disposable plastic water bottles banned from San Francisco airport
- AI technology will decide who’s next in line at the bar
- Lowe’s is laying off thousands of workers
- Under Armour is struggling against Nike and Adidas
- Malls are filling their empty spaces with doctor’s offices
- Walmart and Nordstrom are building stores that don’t sell anything
- Malls are struggling. But stores in airports are thriving
- A game changer is coming for electric car owners
- BP wants to charge China’s electric cars
- Daimler is building electric trucks to make online shopping greener
- 950 miles in two days: An electric road trip in a Tesla
- Ford shows off electric F-150 pickup
Headlines from right-of-center Fox Business.
- MINIMUM WAGE HIKE MAY FORCE RESTAURANT OWNER TO SELL $20 BURGERS
- China threatens retaliation for Trump’s planned tariff hike
- Fed rate cut hopes jump after lackluster July jobs report
- Do consumers really have to worry about Trump’s latest China tariff threat?
- TRUMP ANNOUNCES DEAL TO EXPAND US BEEF EXPORTS TO EUROPE
- Under the agreement, U.S. beef exports to the 28-member European Union will increase by 46 percent within one year.
- Amazon allegedly scammed out of $370K by 22-year-old’s return shipments of dirt
- Escalating US-China trade tensions hit stocks
- Mercedes-Benz burned over climate change tweet
- Electric Ford F-150 as powerful as gas-powered truck, engineer says
- Larry Kudlow: July jobs report signals robust economy
- How the FBI caught a $2M life insurance fraud after a man faked his death
- Gas prices may get lower, analyst says
- Razor industry feeling deep cuts as more men grow beards
- Plant-based burgers may not be as healthy as you think
- NFL Hall of Famer Ty Law’s second career: Building a trampoline park empire
- Peter Thiel: Google is sharing the ‘crown jewel’ of its AI efforts with China and it’s terrible for America
- Social Security scams could rise following Capital One breach
- Razor industry feeling deep cuts as more men grow beards
- Tesla testing solar roof as Musk promises production ramp
- Ferrari to unveil 3 models by end of 2019
- Celebs flocking to Google climate change conference in private jets
- FBN’s Cheryl Casone on celebrities descending on Google’s climate change conference in Italy via private jets and mega yachts.
- First A.I.-powered bar in London
- Technology determines who to serve next based on the order in which they arrived, versus who was the pushiest.
- Fundamentals don’t point to oil being this low: Energy analyst
Yahoo Finance Closing Tickers on MHProNews…
Tonight’s Business/Market/Political Impact Spotlight –
Let’s lay it out with what left-of-center Bloomberg’s video revealed on the Trump Administration’s talking points as outlined by Larry Kudlow, National Economic Council Director.
Long-time readers of this feature may recall that Kevin Clayton of Clayton Homes lamented the trade woes between the U.S. and China. ICYMI, that interview video is found in the related reports, further below.
Democratic 2020 candidates are among those who have hammered away at the Trump Administration on China, but they are not alone. There are those in the GOP that are perhaps more muted, but still also concerned.
But an organization called Coalition for a More Prosperous America provided a media release to MHProNews. They are encouraging permanent tariffs, which they say will grow the U.S. economy and create a million new jobs in 5 years.
New Study Shows China Tariffs Could Create Up To One Million Jobs
July 23, 2019
Across-the-board China tariff would produce more jobs, increased GDP
Washington. The Coalition for a Prosperous America (CPA) today released the results of an updated studyon the impact of a permanent 25 percent across-the-board tariff on all imports from China (PATB-25), showing such a tariff would stimulate growth in GDP and jobs in the US economy. When factoring in the impacts of China retaliation, USDA assistance for farmers, and federal reinvestment of tariff revenue, CPA found that the overall stimulus to the US economy would result in a $167 billion boost to US GDP, along with 1.05 million additional jobs, in 2024.
“A permanent, across-the-board, 25 percent tariff on all US imports from China would deliver significant, tangible benefits to the US economy,” said CPA Chief Economist Jeff Ferry. “The tariff would stimulate domestic production, beginning with small increases in US manufacturing and escalating over time. The certainty of a permanent tariff would be more effective than today’s tariffs and speed up business decisions to move production out of China, with a portion of that production coming back home.”
This study, by CPA economists Jeff Ferry and Steven Byers builds on a previous study in May that examined the effects of a permanent, across-the-board 25 percent tariff on US imports from China. The new study includes the effects of Chinese retaliation on US exports to China, US Department of Agriculture (USDA) programs to support agriculture, and federal spending of tariff revenues.
“The new CPA study further confirms that tariffs work, and their benefits can be optimized,” said CPA Chairman Dan DiMicco. “China’s rise has come at the expense of US industry and manufacturing jobs. The United States will come out the winner when it stands up to Beijing’s 25-year-old trade war against America.”
The new study includes a range of scenarios involving permanent tariffs where net gains in employment range from 642,000 additional jobs up to 1.05 million. Other studies that have found that tariffs depress the US economy rely on unrealistic assumptions on international production costs and exaggerated effects on US consumer prices.
“The ruling party in China uses a whole-of-government approach to advance its economic, military, and geopolitical goals,” said Michael Stumo, CEO of the CPA. “Human rights are abused in the process. CPA has corrected the flaws of past economic modeling, which is confirmed by the experience of the last year and shows that domestic production and employment can be boosted with trade intervention. A permanent across-the-board tariff against China would be pro-growth and would be effective in preventing the further erosion of US wealth and power.”
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).
· 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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