Markets rose to new highs on increasing signals from across the Pacific that a ‘phase one’ deal with China is taking shape. But perhaps the more interesting news is former New York City Mayor and billionaire Michael Bloomberg is taking the first steps toward formally entering the race. Those reports from the left-of-center New York Times, NBC, and right-of-center Fox News among others may signal a shake up in who will hold the ‘more moderate’ lane in Democratic politics. That will be our focus for this evening.
Regular readers please note there are a few tweaks to some of the standard portions of our evening market/investing report. Read carefully as some changes 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.
Newsy, Peeling Back Media Bias, Manufactured Housing Sales, Investing, Politics, and You
Headlines from left-of-center CNN Business.
- Another 96 stores will close – Sears owner secures $250 million in new capital, but more stores will close
- Removing tariffs would reduce recession risk
- Gap CEO, one of the highest-paid chief executive’s in retail, is stepping down
- The United States is now the world’s top oil producer, but cracks are emerging
- Oil fracking brought jobs and pay. Then the rents jumped
- Dow and S&P 500 hit new record on trade deal optimism
- Why this Apple executive says the US needs a new energy system
- How the Washington Post uses TikTok to engage with its audience
- People just received text messages originally sent on Valentine’s Day
- Owner of Bustle, Mic and Gawker lays off more employees
- The impossible job of being CEO
- No wind? No sun? This solves renewable energy’s biggest problem
- Searching for Google and YouTube in Big Tech’s political ad controversy
- Disney+ will be available on Amazon’s Fire TV
- Opinion: Hiking the estate tax will help close the wealth gap
- Coca-Cola doubles down on sparkling water with new caffeinated brand
- Bud Light is coming out with hard seltzer
- Why America has a White Claw shortage
- Sparkling Smartwater latches onto America’s flavored seltzer obsession
- ELECTION 2020
- What an Elizabeth Warren presidency would mean for the economy
- ANALYSIS Wall Street is no fan of Elizabeth Warren
- The billionaire backlash to Warren
- How Elizabeth Warren could ‘vaporize’ America’s oil boom
Headlines from right-of-center Fox Business.
- Billionaire Michael Bloomberg may take on Trump in 2020
- The former New York City mayor is reportedly planning to designate himself as a candidate in Alabama.
- Stocks jump after US, China agree to tariff rollback if phase one comes together
- Warren winks at new rival Bill Gates with hidden feature on wealth tax calculator
- Warren winks at new rival Bill Gates with hidden feature on wealth tax calculator
- Democrats roll out proposed ‘millionaires surtax’
- Insiders respond with shock to allegation that Twitter worker spied for Saudi Arabia
- The data doesn’t lie: Trump’s economy is experiencing middle-class boom
- This city’s overtime costs near $500M, officials call for better oversight
- US court hands sports superstar Ronaldo a win in fighting rape case
- Sears, Kmart businesses collapsing, closing stores in these locations
- Amazon’s Seattle city council dollar dump scares other far-left candidates
- Lack of shop classes is why we’re $1.6T in student debt: Mike Rowe
- More Americans think it’s not a good time to buy a home, here’s why
- Ultra-progressive, climate activist mayor’s carbon footprint skyrockets
- Kanye West vows show brand Yeezy will be made in America
- Man says McDonald’s tea was steeped in marijuana, got him ‘high as a kite’
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics, and Investing Meet
From the start of the campaign of former POTUS Obama-era Vice President Joe Biden, MHProNews has said that his entry is doomed to fail. Early one, we focused on the potential of Senator Elizabeth Warren, which is not to endorse her, but to recognize her ability to rally Democratic support for her campaign.
While sources are saying that filing to be on the election ballot in Alabama isn’t yet a sure thing that billionaire and former New York City Mayor Michael Bloomberg will run, it is a step closer. It must send chills down the spines of the Biden campaign.
Given that Bloomberg reportedly spent some $100 million dollars of his money to support 2018 election cycle campaigns among Democrats, it is self-evident that a man with over $50 billion in net worth can self-fund a major campaign.
Here is the left-of-center take from CNBC.
- Mike Bloomberg, the billionaire former mayor of New York, is preparing to enter the Democratic presidential primary, according to NBC News, which cited a Bloomberg advisor.
- “He’s still not sure,” a source told CNBC. This source also said these are “unprecedented times” and that Bloomberg is concerned about what he’s seeing both from Democrats and President Donald Trump.
- The New York Times reported Thursday, citing people briefed on the plans, that Bloomberg was working on entering at least one Democratic presidential primary and potentially the overall race for the chance to take on Trump.
The Senator Elizabeth Warren’s campaign is already tweeting and is no doubt bound to start funding raising off of this move.
Meanwhile, Vice President Mike Pence filed candidacy papers in New Hampshire in person for President Donald J. Trump and the Trump-Pence 2020 campaign. There has been plenty of buzz around what looks like Governor Matt Bevins’ (KY-R) apparent loss, which he is not yet conceding, hinting that there may have been voting irregularities. With former senator and then U.S. Attorney General Jeff Sessions poised to enter the race against Democrat Doug Jones in Alabama, it is obvious that the tides and currents are moving swiftly.
MHProNews will continue to monitor the races and provide indications as to what it may mean for your money and investments. See the related reports below for more.
Warren Buffett Buddy Bill Gates Says, ‘I Made a Mistake’ Meeting Convicted Sex Criminal Jeffrey Epstein, plus Manufactured Home Investing Stock, Updates
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Senator Elizabeth Warren Releases How-to-Pay ‘Medicare for All’ Plan, Ripped by Former VP Joe Biden, plus Manufactured Home Investing, Stock Updates
Longtime NBC Anchor Tom Brokaw’s Stunning Impeachment Reveal, plus Manufactured Home Investing, Stock Updates
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, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
Updated for Fall 2019…
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses.
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Submitted by Soheyla Kovach, co-managing member of LifeStyle Factory Homes, LLC and co-founder for MHProNews.com, and MHLivingNews.com.