The ugliest week for the markets since the 2008 housing/financial crisis has closed. A Democratic and some Republican Senators are under scrutiny for purportedly selling stocks off based upon insider information, a claim they deny and Fox Businesses Charlie Gasparino says would be difficult to hit the technical legal standard for lawmakers. Either way, it’s at a minimum a bad look. While party politics is still alive and well, there are some encouraging signs of bipartisanship, as MHProNews reported previously.
This evening’s feature focus will be a report from the White House, some related information, coupled with a teaser regarding the Manufactured Housing Institute’s latest – almost humorous were it not so troubling – antics. For our growing number of new readers, all that and more will be found below our daily charts, left-right headline summary and other standard business nightly fare.
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.
Headlines from left-of-center CNN Business
- Patricia Sahuaqui, a warehouse associate, works the floor at Amazon’s Fulfillment Center on March 19, 2019 in Thornton, Colorado. The facility which opened in July of 2018 is 855,000 square feet, and employees over 1500 people. The Thornton facility is a state-of-the-art facility that uses Amazon Robotics to move the merchandise around from one area to the next. Hundreds of workers perform a variety of jobs in the huge facility. Many workers stand at stations, picking items to ship from trays brought to them by robots that roam the massive warehouse floor. The robotic facility, near I-25 and 144th Avenue, distributes small- and medium-sized items and allows for quicker delivery of orders in the metro area.
- Amazon warehouse workers fear catching coronavirus just to deliver your packages
- The dollar is surging. Here’s why that’s troubling
- Stocks post their worst week since the height of the financial crisis
- Coming soon: At least $1.7 trillion in government stimulus to help sick economies
- UK government will pay 80% of wages as it closes pubs to fight coronavirus
- How America can fight back in the oil war with Russia and Saudi Arabia
- GameStop says it’s an essential business. Employees are outraged
- United Airlines poised to slash payroll costs without quick bailout
- Workers grapple with cancellations and closures: ‘We need help’
- Millions of Americans are working from home. That’s a huge security risk
- NBC News staffer dies after testing positive for coronavirus
- Trump attacks NBC News reporter after being asked for message to Americans worried about coronavirus
- Employees visit the Natural Gas Liquids (NGL) facility at Saudi Aramco's Shaybah oil field in the Rub' Al-Khali desert, also known as the 'Empty Quarter,' in Shaybah, Saudi Arabia, on Tuesday, Oct. 2, 2018. Saudi Arabia is seeking to transform its crude-dependent economy by developing new industries, and is pushing into petrochemicals as a way to earn more from its energy deposits.
- Opinion: Saudi Arabia just won control of the oil market
- MIAMI, FLORIDA – OCTOBER 23: A For Sale sign is seen in front of a home on October 23, 2019 in Miami, Florida. The National Association of Realtors reported that sales of previously-owned homes dropped 2.2% in September.
- How to handle a real estate deal right now
- For One Time Use On ATN Only
- Hair salons, tattoo parlors and beauty shops closed indefinitely in four states
- A worker restocks the meat section of a Stop & Shop supermarket during hours open daily only for seniors Thursday, March 19, 2020, in North Providence, R.I. This week grocery store chains and other retailers began offering special shopping hours for seniors and other groups considered the most vulnerable to the new coronavirus. The dedicated shopping times are designed to allow seniors, pregnant women and people with underlying health conditions to shop among smaller crowds and reduce their chances of acquiring the virus.
- How grocery stores restock shelves in a pandemic
- Coronavirus will change the grocery industry forever
- The pandemic’s newest shortage? Coconut water
- These grocery store chains offer ‘elderly hours’
- US gun sales spike
- CINCINNATI, OH – OCTOBER 04: ESPN sideline reporter Paul Carcaterra holding a mic during a college football game between the University of Central Florida Knights (UCF) and Cincinnati Bearcats on October 4, 2019 at Nippert Stadium in Cincinnati, OH.
- ESPN shares what it plans to air instead of sports
- Disney+ launch in India delayed by the coronavirus
- How coronavirus is shaking up Hollywood
- Universal will stream movies currently in theaters
- ‘SNL’ suspends production because of coronavirus
- WHAT TO WATCH
- Coronavirus ruined this couple’s wedding. And the whole industry
- Small business owner on coronavirus: I’m losing $100k a month
- Distillery’s mission: Get hand sanitizer to those in need
- Watch how Fox News has changed its tone on coronavirus
- What it’s like to drive an Uber during a pandemic
Headlines from right-of-center Fox Business
- Boeing suspends dividend as coronavirus measure, CEO Dave Calhoun forgoes pay for 2020
- Boeing takes coronavirus measures as CEO Dave Calhoun and Board Chairman Larry Kellner forgo all pay until the end of the year.
- Illinois follows NY, CA, orders all residents to stay home
- Dow falls over 900 points below 20K as coronavirus gives stocks worst week since ’08
- France makes ‘massive’ discovery that old medicines work against coronavirus
- Coronavirus leads Starbucks to close US cafes, shift to drive-thru service only
- Pence staffer tests positive for coronavirus
- Why companies are hoarding cash
- Coronavirus crisis: Where to buy toilet paper, wipes online
- Cuban: Trump should call out 3M over masks, ventilators
- Big companies looking to hire right now
- Millennials fleeing big cities in droves in coronavirus exodus
- Opinion: Why virus vindicates capitalism
- Amid coronavirus, tax day delay may bring good news for retirement savers
- Grand Ole Opry’s music, weekly show continues in an empty theater
- Coronavirus causes Las Vegas casinos to roll snake eyes
- Senators’ stock sales may look sleazy, but they’re not insider trading
- In the age of coronavirus, drive-in movies make a comeback
- Why Democrats are slamming the GOP’s coronavirus relief bill
- ‘Most iconic stockbroker’ says market drop not ‘the end of the world’
- Truckers reach out to Trump as coronavirus skyrockets demand
- Delta Air expects quarterly revenue to fall by $10B
- Tom Brady’s Tampa Bay Buccaneers contract: What he’ll pay in taxes
- Matthew McConaughey does coronavirus PSA in Texas
- Pixar’s new movie ‘Onward’ debuts online tonight amid pandemic lockdown
- Oil gives up gains after Trump pushes back against Saudi Arabia, Russia
- Retirement savers may see unexpected boost from coronavirus tax shift
- Pandemic is the pin that burst America’ bubble: Analyst who predicted ’08 crash
- Chick-fil-A Operator: Why I’m keeping my restaurant open
- How to party and meet people even under coronavirus quarantine
- How will 5G impact US agriculture?
- Tom Brady, Tampa Bay Buccaneers salary, contract details revealed
- FBI explains what a new wave of coronavirus scammers want from unsuspecting Americans
- Kraft Heinz talks with Amazon, Walmart daily to speed food deliveries
- Netflix battles coronavirus layoffs in Hollywood with $100M relief fund
- Coronavirus travel restrictions: What to know if you’re flying home
- S. airlines, warning of job losses, make last-minute push for government cash
- Coronavirus may affect your student loans — what you need to know
- Private coronavirus equipment suppliers will be paid ‘premium’ in New York, Gov. Cuomo says
- Coronavirus pushes demand for doctors, nurses to new high
- Apple, amid coronavirus, limits online iPhone sales
- How coronavirus disruption could impact multifamily landlords, lenders
- JPMorgan’s Jamie Dimon recovering well from heart surgery
- Meat Purveyors CEO: How restaurants can bounce back quickly from crisis
- Global central banks act to ensure US dollar liquidity
- Teva sending potential coronavirus treatment tablets to hospitals
- Most American renters not eligible for eviction protections — what that means
- WATCH: Drone takes dog for ‘walk’ during coronavirus lockdown
- Coronavirus will divide trucking industry’s strong and weak players, experts say
- How to find remote work amid coronavirus unemployment
- How to find remote work and pivot to virtual job roles.
- High-profile CEO contracts coronavirus, takes leave
- California governor issues statewide stay-at-home order
- How long can coronavirus survive on cash?
- Dianne Feinstein, 3 Senate colleagues sold off stocks before coronavirus crash: reports
- WATCH: Defense Secretary Esper on military’s role in fight against coronavirus
- Virus cases could have been reduced by 95% had China done this: study
- Netflix, director sued over Central Park 5 series
- Fauci: Vaccine moving at ‘rocket speed’
- This big bank to offer mortgage relief
- Walmart offering cash perk to employees — and will hire 150K more
- Coronavirus rips through NBA teams
- Netflix battles coronavirus layoffs in Hollywood with $100M relief fund
- Senate Republicans’ coronavirus relief bill to eliminate withdrawal penalty for $100,000 retirement accounts
- Suzanne Somers hosting socially distant, virtual happy hours
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
Tonight’s featured focus will have several components. Following this preface will be the latest report from the White House juxtaposed from an element below from last night’s market report focus.
The short version of that quote from Lai above is that if China and/or WHO or other NGOs had stepped up promptly, the United States and most of the world would not be going through this crisis, at least not this severely.
White House press room statement will be followed by the promised teaser about the latest from the Manufactured Housing Institute (MHI) Then, related information on this pandemic and how it is roiling the nation and manufactured housing. That said, let’s dive in.
The latest from 1600 Pennsylvania Ave on the Coronavirus response
President Trump and the White House Coronavirus Task Force announced additional actions today as part of the ongoing, government-wide response to the global pandemic:
· To help American families and businesses, the Treasury Department announced that Tax Day will be moved from April 15 to July 15. No interest or penalties will be charged for filing during this extended window, but any American expecting refunds or credits may claim now to get their money sooner.
President Trump announced new travel restrictions during a coronavirus task force press briefing at the White House. He also announced that interest payments on federal student loans will be suspended for 60 days.
MHI has sent out a new message to their readers, which we will plan to unpack in the next few days, depending on how the news flow goes. The short version is that they’ve stuck to a familiar script from their purported playbook – posturing something that’s hot air. The specifics will be demonstrated in our report and analysis. Watch for it, because it arguably underscores how they’ve been playing the game – yes, even during a national crisis.
Finally, there is an in-depth Masthead report – The Party is Over, so, What’s Next? – that is tied to Bill Gates, Warren Buffett and their billionaire allies. As a reminder to all, but a notice to new readers, editorially MHProNews celebrates free market success. It is crony, vulture or corrupt practices that purportedly goes beyond the lines of law and ethics that should be of concern. Don’t miss this Masthead. It could well become a classic.
See that with the other ICYMI related reports. The red ink for most manufactured home industry tracked stocks today is shown on the graphic further below.
Advertise with MHProNews to be seen
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).
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Disclosure. MHProNews holds no positions in the stocks in this report.
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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.
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