In the first of two anti-trust focused reports, the Daily Business News spotlights a new report that asserts that President Trump asked a billionaire twice over dinner if a U.S. giant is a monopoly.
Given that some ranking Democrats are talking about monopolies too, ones that allegedly impact manufactured housing, the topic is going to be a bit one.
See Part 1 of our spotlight report further, below, and look for a special report, tomorrow morning.
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline spotlight report are found further below, just beyond the Manufactured Housing Composite Value for today.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.
Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves 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.
MH “Industry News, Tips and Views, Pros Can Use.” ©
Selected headlines and bullets from CNN Money:
- Big banks say bitcoin futures could be dangerous
- How a black market is killing off a rare porpoise
- I bought $250 in bitcoin. Here’s what I learned
- Bitcoin boom may be environmental disaster
- Anheuser-Busch orders 40 Tesla trucks
- The Financial Advisor Questionnaire
- Content by Brighthouse Financial
- GE is cutting 12,000 jobs
- Why some NFL jerseys are getting a new look
- The most downloaded iOS apps of 2017
- Will Trump let Rupert Murdoch sell Fox to Disney?
- How can I balance my finances?
Selected headlines and bullets from Fox Business:
- Trump wants 20% corporate tax rate, shutdown not expected: White House
- Tech, industrials carry Wall Street higher
- Bitcoin flirts with $16,000, alarm bells ring louder
- Oil rises over 1% on threatened Nigeria strike, short covering
- Trump team eyes bitcoin, blockchain ascent
- LaVar Ball says younger sons hired agent, will play overseas after China incident
- The bull market may continue in 2018, here’s why
- US Olympic Committee prepping for 2018 games despite Amb. Haley’s doubts
- Trump’s approval rating much higher than reported: Lara Trump
- Al Franken sexual misconduct allegations ‘shocking’: former SNL comedian Joe Piscopo
- Investor urges Sears to go private
ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.
Today’s markets and stocks, at the closing bell…
S&P 500 2,636.98+7.71(+0.29%)
Dow 30 24,211.48 +70.57(+0.29%)
Nasdaq 6,812.84 +36.47(+0.54%)
Russell 2000 1,520.47 +11.59(+0.77%)
Crude Oil 56.62 +0.66(+1.18%)
Gold 1,245.70 -17.10(-1.35%)
Silver 15.64 -0.23(-1.47%)
EUR/USD 1.1772 -0.0031(-0.26%)
10-Yr Bond 2.38 +0.05(+1.97%)
Manufactured Housing Composite Value
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 –
President Trump and Looming Anti-Trust (Anti-Monopoly) Actions
As MHProNews has uniquely kept MH Industry readers and investors informed, there are arguably more ‘anti-trust’ – read anti-monopoly – questions and concerns arising from this Administration and its allies than the prior one.
There are also concerns from prominent Democrats about anti-trust issues.
While the Trump Administration and the Democrats two are miles apart on many issues, the administration, his prior chief strategist Steve Bannon, and others allied with him are looking at not only the AT&T deal, but also Amazon as a possible target for anti-trust (monopolistic) concerns.
Industry readers are also reminded that a prior Amazon manager has made a move into factory built homes, see that report, linked here.
Per CNBC, and Yahoo Finance…
President Trump asked a billionaire investor twice whether Amazon was a monopoly
- President Trump asked Leon Cooperman twice during a dinner in July whether he thought Amazon was a monopoly.
- Trump has a periodically criticized Amazon and its billionaire founder, Jeff Bezos, on Twitter.
- The e-commerce giant’s $13.7 billion deal for Whole Foods Market won relatively swift regulatory approval in August.
President Donald Trump sought a billionaire investor’s advice twice on whether he considered Amazon a monopoly during a dinner this summer, weeks before federal regulators signed off on the e-commerce giant’s acquisition of Whole Foods Market.
Trump appears to have reserved his antitrust fight for another giant deal: AT&T’s pending purchase of Time Warner, which is now headed to court. Trump, who has also openly criticized Time Warner’s CNN.
“President Trump asked me twice if I thought Amazon was a monopoly and I said, ‘No, Mr. President,'” Cooperman recounted on CNBC’s “Halftime Report.” “I think they’ve out-executed people. I think they’ve done a very good job.”
— End of CNBC insights —
Watch for the part 2 of the monopoly issue report, which will tie directly into manufactured housing’s dominate player.
See Recent Exclusive 1 Year Snapshot of All Tracked Stocks
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.
Your link to a recent round of 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.”
“We Provide, You Decide.” © ## (News, Analysis.)
(Image credits 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.