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Report: FTC Imposes Record $5 Billion Dollar Fine, plus Manufactured Housing Stock Updates

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Fort Worth, Texas this September 16-18 manufactured home sale
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CNNMoneyDowTicker7122019ManufacturedHOmeProNewsFacebook is one of the tech giants that millions love but millions also hate.  Today, word is out that the Federal Trade Commission (FTC) will settle privacy concerns with Facebook for a runaway record $5 billion dollars.  On a day when record-after-record was set on the major markets – and we’ll provide some graphic snapshots of changes in the market since election day 2016 – the FTC-Facebook settlement will be our featured report this evening.

 

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 below, after the newsmaker bullets and major indexes closing tickers.

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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.” ©
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.

LeftRightMediaBiasFoxCNNCNBCManufacturedHousingIndustryMHProNews

Yahoo Finance Closing Ticker for MHProNews…

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Tonight’s MH Market Spotlight Report –

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Right of center Fox Business summed up the shifts in the market since election day with the graphic shown below.

MarketsSinceElection7122019ManufacturedHomeProNews521

Critics are quick to point out that the stock markets are not the same as the economy at large. True enough, but when these markets are rising absent QEs or other forms of stimuli, then the they can reflect investor confidence.  So, this is a reminder that the New York Times economist Thomas Friedman was wrong, wrong, wrong when he said the economy would tank as a result of the election of President Donald J. Trump.

That noted, let’s pivot to one of the FAANG stocks, where word is out that the FTC will slap a moonshot $5 billion dollar fine on the tech giant. Here is left-of-center CNBC’s report.

 

This is but one of several reasons to believe that there is possible movement among federal officials to tackle issues related to big conglomerates.

It’s not an antitrust violation, its mainly privacy focused.  But emboldened with such a big fine and settlement of the case, what more might lie ahead? Facebook had previously signaled a willingness to pay $2billion, this would be about 2½ times that amount.

While there is more to unpack, at least this one other point ought to be made. Many ‘fines’ are de facto passed onto consumers.  Given that Facebook is ‘free’ to users, this is an exception from that vantage point.

Related Reports:

Facebook CEO Sheryl Sandberg Discusses Antitrust Breaking Up, What Kevin Clayton, Joe Stegmayer, MHI Can Learn, plus Manufactured Home Market Updates

Prior Facebook Insiders Among Harshest FB Critics, “Break Them Up” – plus MH Market Updates

HUD Charges Facebook with Housing Discrimination, Official Word From D.C., Secretary Carson

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).

ManufacturedHousingIndustryConnectedStocksClosingTicker7122019ManufacturedHomeProNews

Updated:
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 all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
Your link to an example 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.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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