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Future Rate Signaling to Fed? POTUS Trump Wants Heritage’s Stephen Moore on Federal Reserve Board, Plus MH Stock Updates

March 22nd, 2019 No comments

CNNmone3.22.2019ManufacturedHomeStocksMarketsReportsMHProNewsYes, the breaking news is that the Mueller reports has been delivered to the Department of Justice.  That will have more news value in terms of the markets in the days ahead.  The Daily Business News on MHProNews has said from the outset that no collusion with Russia will be the outcome.  The rests is who can spin the news the most their desired way. So tonight, of more immediate potential interest is President Donald J. Trump indicating his desire to nominate to the Federal Reserve critic Stephen Moore, of the Heritage Foundation.  On a down day, that will be our focus for tonight.

 

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 belowafter the newsmaker bullets and major indexes closing tickers.

 

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.

 

Select bullets from CNN Money…

  • Pinterest goes public
  • It joins the likes of Twitter and Facebook as the latest social platform to IPO
  • The Dow plummets 460 as recession indicator stokes fear
  • LIVE UPDATES Papa Shaq’s? New board member lifts Papa John’s stock
  • China and women’s clothes: How Levi’s strategy won over Wall Street
  • This 24-year-old finds unreleased features in your favorite apps
  • Why space is becoming a dangerous place to do business
  • Trump will nominate former campaign adviser Stephen Moore to Federal Reserve
  • LAPD audit reveals dangers of high-tech policing
  • MillerCoors sues Anheuser-Busch over corn syrup Super Bowl ad
  • GM, stung by criticism, says it will hire 400 workers at Michigan electric vehicle plant
  • How much gold and silver should you own?
  • Apple to join tech wave sweeping over Hollywood
  • Tiffany warned that holiday sales would be weak. They were even worse than expected
  • Facebook reveals staff had access to hundreds of millions of user passwords
  • The world is coming after Silicon Valley. Tech companies must evolve to survive
  • How Europe is forcing Google to change
  • NYT: Facebook under investigation over data sharing
  • Hackers used quizzes to access private data
  • Brexit is costing the UK economy $1 billion a week. And it could get worse
  • Business and labor unions say the UK is facing a ‘national emergency’
  • $1.3 trillion and 7,000 finance jobs are leaving Britain because of Brexit
  • Brexit chaos means business is ‘staring down the precipice’

Select Bullets from Fox Business

 

  • Dow plunges 460 points on global growth fears
  • Bond market flashes possible recession signal, sinking stocks
  • US existing home sales surge, boosted by Fed’s signal on rates
  • WATCH: Levi’s CEO urges customers not to wash their jeans
  • Most bitcoin trading activity is faked, research says
  • How high will gas prices go?
  • AOC fires back at Jamie Dimon after Green New Deal criticism
  • Boeing faces first cancellation of 737 Max jets
  • Christian bookstore LifeWay to close all 170 stores by the end of the year
  • What you need to earn to live in the 10 biggest US cities
  • Trump, GM CEO Mary Barra ‘very aligned’ on creating US jobs
  • Trump to nominate Fed critic for board. Here’s what to know
  • A look at the average IRS refund this tax season
  • How US bike companies are steering around Trump’s China tariffs
  • Ex-Enron CEO Skilling Plans Second Act
  • Tiki Barber: Odell Beckham trade part of ‘necessary’ process
  • From athlete to businessman: Life after the NFL
  • NCAA Tournament’s highest-paid coaches include Calipari, Krzyzewski
  • NFL paid Kaepernick, Reid under $10M to settle collusion lawsuit: Report
  • White House, corporate America flood Congress in USMCA push
  • Trump administration expands penalty relief for Americans who underpaid taxes
  • Shaq just joined Papa John’s board of directors
  • These jobs aren’t worth the cost of their degrees
  • World’s most expensive city in 2019 is a 3-way tie
  • Biogen’s stock craters on Alzheimer’s drug failure
  • Disney-Fox merger could cause thousands of layoffs
  • Trump EXCLUSIVE: US economic growth hindered by Fed rate hikes
  • After two jury losses, Bayer’s Roundup heads back to court with 11,200 lawsuits pending

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance3.22.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

FutureRateSignalingFedPOTUSTrumpWantsHeritagesStephenMooreFederalReserveBoadPlusMHStockUpdates

There is plenty of other market moving news captured in our left-right bullets above.  So why this topic tonight?

Arguably, the president is trying to neutralize what he thinks has been an artificial headwind to stocks and the economy.

First, here is what CNBC said tonight.

  • President Donald Trump decides to choose Stephen Moore for a Federal Reserve board spot after discussing a column in which Moore criticized the central bank.
  • Why isn’t [Moore] the Fed chairman?” Trump asks rhetorically after reading the column, according to a senior administration official.
  • Despite both Moore’s and Trump’s criticism of Fed Chair Jerome Powell, the central bank chief’s job appears safe for now, according to the official.


What makes this interesting is that POTUS Trump, clearly an unconventional president, may be setting up an even more interesting challenge to the Fed’s influence over the markets.  That will be the undertow to watch.

But frankly, one could make the case that political activity is having more impact on markets and money.  That and media bias – with some 90 percent of mainstream news tilted against the president, per third party research – are the bigger perceptual headwinds.

See related reports, linked below for more on what’s moving the markets that impact your money and business.

Related Reports:

Fed Caves, Rates Hikes, Balance Sheet, Smoother Sailing Ahead? Plus Manufactured Home Market Updates

 

National Association of Home Builders CEO Jerry Howard Declining Housing Affordability, Plus MH Market Updates

HUD Secretary Ben Carson Sounds Off on Housing Market, Opportunity Zones, More

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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).

3.22.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st 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 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.)

(Image credits and information 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.

Facebook’s “Network Effect – Value Destruction,” Password Scandal Latest Headache, plus MH Market Updates

March 21st, 2019 No comments

CNNmone3.21.2019ManufacturedHomeStocksMarketsReportsMHProNewsA couple of billion folks globally use Facebook (FB) globally, hundreds of millions of them right here in the U.S.A. Manufactured housing and other marketers often use FB, as do politicos, or the latest crazed killer – anyone trying to get the word out – on whatever.  Voices on the left and right are already gunning for Facebook for antitrust, privacy, bias, censorship, and a range of issues.  They are certainly not alone, but the reveal today is that some 600 million passwords were unprotected.  That suggests once more a lax attitude about user privacy, says an expert in our spotlight report this evening.  On a day that markets largely rose, Facebook – the F in the FAANG stocks – will be our focus for 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 belowafter the newsmaker bullets and major indexes closing tickers.

 

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.

 

Select bullets from CNN Money…

  • Another privacy scandal rocks Facebook
  • Facebook reveals its staff had access to hundreds of millions of user passwords
  • ANALYSIS Tech companies must evolve to survive
  • Levi’s CEO: Don’t put your jeans in the freezer
  • Business and labor unions say the UK is facing a ‘national emergency’
  • LIVE UPDATES Apple carries Wall Street sharply higher
  • Justice Dept. issues subpoenas in criminal investigation of Boeing
  • Biogen stock plunges 28% after promising Alzheimer’s drug trial ends
  • Wall Street’s fee wars have entered the ‘silly stage’
  • Etihad Airways is struggling. Is it time to merge with Emirates?
  • Pensions are disappearing. The government just made it easier for employers to get rid of them
  • Tencent profit plunges 32% but its gaming business is recovering
  • Starbucks shareholders voted against a diversity policy. It’s not what you think
  • Ferrari and Lamborghini say ‘not so fast’ on electric supercars
  • America imported no oil from Venezuela last week. Here’s why that’s a big deal
  • Alexandria Ocasio-Cortez, ‘second most talked-about politician in America,’ graces Time cover
  • Olive Garden owner post solid jump in sales
  • General Mills raised prices on yogurt and cereal. It’s working
  • Nine West exits bankruptcy and gives itself a new name
  • Behind Olive Garden’s huge comeback
  • This is DSW’s plan to save itself
  • Why big retailers are getting smaller
  • Levi Strauss has returned to life as it IPOs after more than 30 years
  • Guess plunges on the same day of its rival’s IPO debut
  • Shares of Levi Strauss soar 30% in IPO
  • What Old Navy’s spinoff says about our cheap clothing addiction
  • Levi’s wants to be more than a jeans company, so it’s going public
  • This fashion giant is under siege by imitators. Here’s why it’s legal

Select Bullets from Fox Business

  • CVS starts selling CBD-infused products in 8 states
  • WATCH: Why some Ford SUV owners are complaining of headaches
  • Stocks close up on technology, consumer goods strength
  • Ocasio-Cortez’s 70 percent tax plan: The likelihood of higher taxes and what it means for your retirement
  • These jobs aren’t worth the cost of their degrees
  • Ocasio-Cortez hits back at Jamie Dimon after Green New Deal criticism
  • Powerball $625M lottery jackpot: Here’s the tax damage
  • White House, corporate America flood Congress in USMCA push
  • WATCH: Blue collar jobs, wages ‘skyrocketing,’ White House economic adviser says
  • Millions of Facebook user passwords were accessible to employees
  • Obama border patrol chief: Border crisis ‘absolutely’ a national emergency
  • New Zealand firearm ban: Which guns to be permitted?
  • Jack Keane: Trump deserves credit for defeating ISIS in Syria
  • Treasury changes lump-sum pension buyout rules: What it means for workers, retirees
  • Boeing’s troubles grow as Congress, regulators pounce
  • Trump exec order to hold colleges accountable for student loan debt, free speech
  • World’s most expensive city in 2019 is a 3-way tie
  • Biogen’s stock craters on Alzheimer’s drug failure
  • Disney-Fox merger could cause thousands of layoffs
  • March Madness: Uber Eats offers free food for any ‘Cinderella’ upset
  • After two jury losses, Bayer’s Roundup heads back to court with 11,200 lawsuits pending

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance3.21.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

FacebooksNetworkEffectValueDestructionPasswordScandalLatestHeadachePlusMHMarketUpdates

First, some headlines and a pull quotes from CNBC, followed by some analysis beyond what that source’s panel discussion reflected.

 

Facebook employees had access to millions of user passwords

·        The company releases a statement Thursday saying it would be notifying those affected in the near future.

·        The incident may have affected between 200 million and 600 million customers and has been ongoing since 2012, according to the report by cybersecurity journalist Brian Krebs.

·        As part of a routine security review in January, we found that some user passwords were being stored in a readable format within our internal data storage systems,” Facebook said in a statement. “This caught our attention because our login systems are designed to mask passwords using techniques that make them unreadable. We have fixed these issues and as a precaution we will be notifying everyone whose passwords we have found were stored in this way.”

·        Facebook, however, has been under intense scrutiny due to several years of privacy and security scandals that have earned the company criticism from customers and inquiries and fines from several regulatory agencies, particularly in the European Union.

·        But Facebook’s scandals haven’t significantly dented the company’s count of active daily users, which rose last quarter despite an extended social media campaign by Facebook critics encouraging privacy-minded customers to delete their accounts.

FacebookMarketTrendYoYMarch212019DailyBusinessNewsMHProNews

What’s Ahead?

Senator Elizabeth Warren and 2020 Democratic presidential hopeful said that she favors a breakup of the company, but she also claimed that doing so would not impact users experience.

President Donald J. Trump and his 2020 campaign manager, Brad Parscale have both blasted Facebook for bias. But it is also true that recent reports reveal that the Trump campaign has done more ad buys on Facebook recently than all other Democratic candidates in the 2020 race so far. But that dynamic may change, as the number of declared Democrats swell, along with millions in the campaign coffers of some of them.

The risk from Facebook and the other FAANGs is multiple layered.  They include, but are not limited to:

·        Market power, squeezing out a growing number of publishers, as FB and Google most notably dominate the ad market.

·        Their ability to influence or even control the narrative on political issues.  The Creepy Line video documentary featured on MHProNews last year went into depth on that topic.

·        As Amazon is demonstrating, these giants can get into other industries. 

·        The risk from monopolization of the marketplace is significant.

The E.U. just levied another $1.7 billion-dollar fine on Google.  That’s a cost of doing business for them, but would represent nearly 20 percent of the value of all of manufactured housing’s retail sales in 2018.

#OpenMarkets, and #DeFaangBM are important themes for long-term players in manufactured housing to consider. The U.S. has historically taken antitrust seriously. While interest in antitrust is arguably up on both sides of the political aisle, it remains to be seen just how aggressive the Trump Administration, the GOP, or Democrats will actually be in the face of some of the most powerful corporations on the planet, which includes Facebook. 

Related Reports:

“November Rain” – DoJ’s Top Antitrust Cop – Assistant Attorney General Makan Delrahim ABA Speech on Antitrust Enforcement for Americans

Warren Kicked Hornet’s Nest – How Move May Connect With MH, Renters, Professionals

 

Federalist’s Harsanyi Argues Senator “Elizabeth Warren’s Plan to Break Up Big Tech Would Be Bad for America”

Brad Says POTUS Trump is Right: More than Facebook & Twitter, Google Threatens Democracy, Online Freedom

Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

Anti-Monopolistic or “Antitrust” Action Heating Up in Washington, D.C., What It Could Foreshadow for MHVille

 

 

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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).

3.21.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st 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 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.)

(Image credits and information 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.

Fed Caves, Rates Hikes, Balance Sheet, Smoother Sailing Ahead? Plus Manufactured Home Market Updates

March 20th, 2019 No comments

CNNmone3.20.2019ManufacturedHomeStocksMarketsReportsMHProNewsFederal Reserve Chairman Jerome Powell announced what several observers are referring to as a ‘cave,’ giving into what investors and President Donald J. Trump has been pushing for over the course of several months. On a day when the broader market slid, and more losers than gainers on the manufactured housing tracked stocks covered here, the Daily Business News on MHProNews focuses this evening on statements and insights from the Fed.

 

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 belowafter the newsmaker bullets and major indexes closing tickers.

 

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.

2019-03-20_1720CNN-CNBC-Fox-BloombergMarketReportDailyBusinessNewsMHProNews

Besides original analysis and industry focused commentary, MHProNews curates content across the left right spectrum.  We take a “Wheat and Chaff” approach, keeping what’s good, toss out what’s not fit for human consumption. 

 

Select bullets from CNN Money…

  • The death of the American pension
  • Pensions are disappearing. The government just made it easier for employers to get rid of them
  • Lyft, Uber, Pinterest: What this legendary investor thinks about the upcoming IPO parade
  • Fed signals no rate cuts are coming in 2019
  • It’s about to get a lot harder to stop violent videos from spreading on Facebook. Here’s why
  • One of America’s biggest oil companies wants to be ‘carbon neutral’ — eventually
  • US oil prices hit $60 a barrel for the first time since November
  • LIVE UPDATES Jerome Powell does not sound happy with Wells Fargo
  • How Europe is forcing Google to change
  • Elon Musk’s SEC fight nears its moment of truth
  • General Mills raised prices on cereal and yogurt. It’s working
  • Disney closes $71 billion deal with Fox
  • Ferrari and Lamborghini say ‘Not so fast’ on electric supercars
  • Quitting your job? Here’s how to write the perfect goodbye note
  • How Olive Garden made a huge comeback
  • Starbucks unveils two new designs for recyclable and compostable cups as it moves forward with efforts to make its products more sustainable.
  • Starbucks to test recyclable, compostable cups
  • Apple announces new AirPods with wireless charging
  • See the new faster, smarter iMacs
  • Apple unveils new iPad Air and iPad mini
  • Report: Apple and Goldman Sachs are releasing a credit card together
  • PERSPECTIVES Why Tesla needs Elon
  • Elon Musk’s SEC fight nears its moment of truth
  • Tesla Model Y: Elon Musk’s second electric SUV is here
  • Why the Model Y will be Tesla’s most important car
  • Elon Musk isn’t a liability to Tesla. He’s a ‘liability for himself’

Select Bullets from Fox Business

  • Federal Reserve signals no interest rate hikes in 2019
  • GM defends US investment following Trump jabs over Ohio plant
  • Trump has legal justification to implement auto tariffs: Report
  • Real estate firms accused of ‘conspiring’ to overcharge home sellers in class-action suit
  • World’s most expensive city in 2019 is a 3-way tie
  • Bill Gates just joined Jeff Bezos in ultra-exclusive $100 billion club
  • Kale rejoins the ‘Dirty Dozen’ list as one of the most contaminated with pesticides
  • US cities where housing costs take the least from your paycheck
  • Nebraska Governor: Worst flooding damage in our state’s history
  • Warren Buffett’s $1M March Madness bracket challenge, explained
  • Ford shifts $900 million investments in Michigan plants for new electric, self-driving cars
  • White House credits Trump policies for economic growth, slams far left proposals
  • Powerball $550M lottery jackpot: Here’s the tax damage
  • Katie Couric: How science can solve many of the world’s problems
  • Congress faster path for legalizing CBD in food, says outgoing FDA chief
  • Brexit delayed? PM May requests three-month extension, EU pushes back
  • Fox, Disney close transformative $71.3 billion deal
  • Joy Villa slams millennials: I’m ashamed of my people

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance3.20.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Fed Gives Markets, President What Was Wanted — Rates and Balance Sheet Changes Announced

 

FedCavesRateHikesBalanceSheetSmootherSailingAheadPlusManufacturedHomeMarketUpdatesDailyBusinessNewsMHProNews

Per left-of-center CNBC…

·        The central bank says it will begin in May to taper the amount of proceeds it allows to roll off each month and will end the program in September.

·        The amount for Treasurys will drop to $15 billion in May. Under the current program, it is allowing $30 billion in Treasury proceeds to roll off.

·        The total of Treasurys and MBS once totaled more than $4.2 trillion and has been reduced by about $450 billion in the program that began in October 2017.

 

 

Part of the risk matrix includes Brexit and U.S. China trade talks.  Federal Reserve Chair Jerome Powell said that both Europe and China have slowed significantly. 

By comparison, the U.S. is doing far better.

 

 

The above noted, this has not been the only artificial headwinds that have buffeted the markets.  Sam Zell observed in 2017 that one can’t overlook the impact of politics on investing. 

If Democrats hold the House, and/or take the Senate and the White House, expect a sea change in the investment outlook. 

Make sure you check out our Robert Robotti report, below, along with other broader macro-market focused topics.

Related Reports:

“Out-Performing the Market” Robert Robotti, Value Investing, and Manufactured Housing

Beto Mania! Fox, MSNBC, CNBC Weigh-In 2020 Democratic Contender, plus Manufactured Housing Stock Updates

Historic Welfare Reform Can Spur More Worker Availability, Save Taxpayers, Expert Analysis – plus Manufactured Housing Industry Market Updates

 

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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).

3.20.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st 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 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.)

(Image credits and information 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.

National Association of Home Builders CEO Jerry Howard Declining Housing Affordability, Plus MH Market Updates

March 19th, 2019 No comments

CNNmone3.19.2019ManufacturedHomeStocksMarketsReportsMHProNewsHousing affordability is down from 8 out of 10 buyers 10 years ago, down to 5 out of 10 home shoppers today, says the NAHB’s Jerry Howard CEO in today’s Fox Business video. On a day when most manufactured housing tracked stocks slid, as did the broader markets the interview with NAHB’s Howard takes our featured report spotlight 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 belowafter the newsmaker bullets and major indexes closing tickers.

 

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.

 

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

 

Select bullets from CNN Money…

  • Boeing has been here before
  • What four fatal crashes from the 1960s say about the 737 Max crisis
  • The mosque attack video was viewed live on Facebook only 200 times. That was enough
  • LIVE UPDATES Markets dealt brief scare by China trade report
  • Lyft is losing a lot of money. And it might not turn a sizable profit until 2023
  • Google launches new streaming service just for video games
  • Facebook settles lawsuits alleging discriminatory ads
  • Levi’s and Lyft could kick the IPO market into high gear
  • JPMorgan Chase’s CEO says the US strategy on tariffs might have worked
  • Facebook apologizes after mistaking Trump social media director for a bot
  • Starbucks is changing up its rewards program. Here’s why
  • Avoid getting sick when you travel for work
  • Popular beauty startup Glossier hits unicorn status
  • Meet Silicon Valley’s ‘China whisperer’
  • Apple announces faster, smarter iMacs
  • Prada slips in China as Louis Vuitton and Gucci power ahead
  • Payless went kaput. That doesn’t mean DSW has to follow
  • West Elm is partnering with Rent the Runway to rent out home decor
  • Victoria’s Secret will close 53 stores as struggles mount
  • Elon Musk’s failure to comply with court order is ‘stunning,’ SEC says
  • Musk: SEC wants to trample on my freedom of speech
  • Investor: Have to take ‘good and bad’ with Elon Musk
  • Elon Musk isn’t a liability to Tesla. He’s a ‘liability for himself’

Select Bullets from Fox Business

  • Here’s how much 2020 Democratic candidates have raised
  • Trump administration proposes limit on student loan borrowing
  • Powerball $550M lottery jackpot: Here’s the tax damage
  • USC may expel students linked to admissions cheating scandal
  • Joy Villa slams millennials: I’m ashamed of my people
  • Midwest farmers’ struggles compounded by devastating floods
  • Fox, Disney prepare to close transformative $71.3 billion deal
  • Venezuela regime change gaining momentum, John Bolton says
  • Mike Trout, Angels reach $430M contract extension, richest deal in sports history: Report
  • Jeffrey Epstein was said to be a witness against Wall Street; an FBN investigation suggests otherwise
  • K-Cups for booze? Budweiser owner, Keurig’s single-use cocktail machines officially roll out
  • Instagram testing in-app shopping feature
  • Google unveils Stadia video game streaming service, reveals launch window
  • Starbucks revamps rewards program to woo customers with more perks
  • Chinese buyer spends a record $1.4M on racing pigeon
  • Facebook to change ad targeting policy to settle discrimination lawsuits
  • Lori Loughlin, Felicity Huffman $500B lawsuit the tip of iceberg: Judge Napolitano
  • Venezuelan parents with children in hospitals terrified Maduro will cut off care: Trish Regan
  • The federal government should default on its debt
  • Trish Regan: Alt-left’s lack of decency on full display in Chelsea Clinton attack
  • 5 ways Bernie Sanders-style socialism would hurt the US economy
  • Trump: Very unhappy McCain didn’t repeal, replace ObamaCare
  • New Yorkers consider Alexandria Ocasio-Cortez a ‘villian’ for Amazon pullout: Poll
  • Las Vegas’ potential big bet on Boring Company

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance3.19.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

NationalAssociationHomeBuildersNAHBCEOJerryHowardDeclingingHousingAffordabilityPlusMHMarketUPdatesDailyBusinessNewsMHProNews

Besides the NAHB’s Jerry Howard and the rest of this panel discussing that’s causing the dip in housing affordability, there is also a discussion about Sen. Elizabeth Warren’s housing plan.

 

One of the panelists laments rents over 30 percent of income but appears to have an inadequate sense of the law of supply and demand.

As is often the case on such discussion, manufactured housing is not even mentioned.  This is a problem for the industry, which 20 years ago was 1 in 3 new housing starts in many states.  Now, it is more like 1 in 10, even though affordability is an issue.  Manufactured homes are snoring, instead of roaring.

See the related reports for a new set of outlines on causes, effects, and the path toward solutions that will spark more manufactured home industry growth.

Related Reports:

Subsidized Housing vs Manufactured Homes, Community Owner Marge Clark Sounds Off

 

Cha-Ching! Manufactured Housing Made Simple in 2019

Fix MH Industry Trick$ – Special Meeting at Tunica Show

 

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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).

3.19.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st 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 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.)

(Image credits and information 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.

Beto Mania! Fox, MSNBC, CNBC Weigh-In 2020 Democratic Contender, plus Manufactured Housing Stock Updates

March 18th, 2019 No comments

CNNmone3.18.2019ManufacturedHomeStocksMarketsReportsMHProNewsDoes Beto O’Rourke have a shot at being a big contender in 2020?” asked Fox News, which finds its answer from MSNBC which says Francis “Beto” O’Rourke raised a stunning $6.1 million in 24 hours, per the candidate’s campaign. If so, that tops the haul by Senator Bernie Sanders. On a day when the broader markets rose, most manufactured home tracked stocks did too, we will look ahead at what investors must ponder for 2020. Two videos on “Beto Mania” – one from each side of the left-right spectrum, plus some sobering concerns raised by left-of-center CNBC about what looks like conflicts of interest for former congressman O’Rourke.

 

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 belowafter the newsmaker bullets and major indexes closing tickers.

 

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.” ©

IfMHProNewsIswritingAboutItIWantToKnowAboutItQuote

MH industry executive’s OTR quote.

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.

LeadershipIsNotAboutTitlesPositionsOrFlowChartsItIsAboutOneLifeInfluencingAnotherJohnCMaxwellLeadershipQuoteDailyBusinessNewsMHProNEws

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.

 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attkisson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Select bullets from CNN Money…

  • The horrors of Christchuch played out online
  • Here’s what Facebook, Twitter and YouTube can do now to stop terrorism and hate
  • How big are digital payments? See this $43 billion merger
  • Stocks have been flattish. Trading volume is extremely light. What are investors waiting for?
  • Foxconn to start production at Wisconsin factory by end of 2020
  • Saudi Arabia joins emerging market indexes, giving it access to billions
  • 30,000 job cuts and muddled strategy could doom Germany’s big bank merger
  • Lyft plans to raise over $2 billion in IPO
  • Warner Bros. chief steps down amid sexual misconduct investigation
  • This lighter helps smokers kick the habit
  • DraftKings looks to profit from legal NCAA Tournament bets
  • This fashion giant is under siege by imitators. Here’s why it’s legal
  • Content by LendingTree
  • Huge 15-year fixed rate drop. Could be last chance to refinance.
  • Alan Krueger, famed economist, dies at age 58. Obama, his former boss, says he made ‘people’s lives better’
  • Goldman Sachs says it must hire more women and minorities
  • Apple unveils new iPad Air and iPad mini
  • Washing of hands with soap under running water
  • Hilton is recycling used bars of hotel soap to save the planet
  • SPECIAL REPORT How to solve the world’s plastics problem: Bring back the milk man
  • This artificial leaf wants to help fight climate change
  • Coca-Cola promised to help fix recycling. Here’s how it plans to deliver
  • Yes Men don’t always win. When to say ‘no’ at work
  • TELL US WHAT YOU THINK What makes a great boss?
  • You’re a leader now. It’s time to start acting like one
  • 4 signs a company is a good employer for women
  • How to prove you have management potential, even if you’re not in charge

Select Bullets from Fox Business

  • Tesla asks workers to volunteer to help deliver 30K cars: Report
  • Tesla Model Y gets Fisker Inc. rival
  • Tesla price hike imminent: What to know
  • Lori Loughlin, Felicity Huffman $500B lawsuit the tip of iceberg: Judge Napolitano
  • Trump pressures GM over Ohio plant closure, wants it ‘open now’
  • Marriott plans to open more than 1,700 hotels by 2021
  • Kirsten Gillibrand’s top economic priorities
  • US-China trade: How a deal with Beijing could be enforced
  • John Boehner flips on pot legalization: Fed laws ‘way out of step’
  • Best, worst cities for first-time homebuyers on a budget
  • WATCH: Piscopo on Trump ‘SNL’ slam: You don’t cut funny
  • Warner Bros. chairman and CEO Kevin Tsujihara to step down amid sexual misconduct allegations
  • Cod fishery plummets to least valuable year since 1960s
  • Nike built Duke’s Zion Williamson customized shoe before return: Report
  • Azim Premji donates $7.5B to charity
  • Time is just right for moving more Americans from welfare to work
  • S. economy, manufacturing and oil boom proving socialist naysayers wrong
  • Kennedy: Bernie Sanders will ‘eat’ Beto O’Rourke for breakfast
  • Reed: We need more transparency in higher education
  • Amazon did not want to face Ocasio-Cortez: NY state lawmaker
  • Lyft IPO: Should investors steer clear?

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance3.18.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

BetoManiaFoxMSNBCCNZBCWeighIn2020DemocraticCondenderPlusManufacturedHousingStockUPdates

There are reports that a Reuters journalist who was doing a book on Francis “Beto” O’Rourke held back a potentially damaging report about the candidate during the 2018 Senate race against Senator Ted Cruz (TX-R).  That report claims that O’Rourke was part of a computer hacker group some years ago, in his mid-teens.  If so, ouch.

3 quick takes on the enthusiasm among some for Beto, first from Fox News, then from MSNBC.

Fox News on Beto mania.

 

 

MSNBC Morning Joe earlier today.

 

 

Then, some pull quotes from CNBC, that raised a different concern, but also tied to tech. Namely, that while 45 percent of his support came from small donors, the balance came from big donors, often tied with big tech.

 

  • O’Rourke – who announced Monday that he raked in a record $6.1 million in the first 24 hours of his 2020 campaign – and several of his Democratic rivals have made it a point to distance themselves from corporate money. Likewise, perceived coziness with big tech could pose political risks with rising bipartisan calls to crack down on and regulate the industry.
  • During his shockingly close loss to Republican Sen. Ted Cruz in deep red Texas, O’Rourke raised tens of millions of dollars, much of it from so-called small donors, or people who give $200 or less. As the Democratic former congressman touted his success among smaller donors, while rejecting money from corporations and super PACs, he also reaped the benefits from bigger-dollar donors, such as executives and employees from major tech companies such as AppleFacebookand Amazon.
  • Amazon’s top spokesman, Jay Carney, gave $1,500directly to the O’Rourke campaign. Carney previously served as White House press secretary to President Barack Obama, to whom O’Rourke has been compared. Brian Olsavsky, the company’s financial chief, wrote a check for $2,700 to O’Rourke’s 2018 campaign, which is the most an individual can give in an election. Amazon employees, overall, gave $75,751 to his campaign.
  • O’Rourke finished the 2018 campaign having raised $80 million, with 45 percent coming from small donors. The rest came from people giving more than $200, including important players at Facebook and Apple.
  • Chris Espinosa, who was designated Apple’s eighth employee after the company was founded in the 1970s, gave O’Rourke $2,700. Apple employees gave O’Rourke’s campaign just over $90,000 during the 2018 campaign.
  • Alex Stamos, who was Facebook’s chief security officer until August, also gave $2,700to O’Rourke’s campaign. Stamos told CNBC that he has not decided whom to support among the Democratic field. But he did say he is advising campaigns on cybersecurity in the wake of Russia’s interference and hacking during the 2016 cycle.
  • “One of the great benefits of not being a professional political operative is that I don’t have to pick sides 20 months before the general election,” Stamos said. “I’ve been trying to be helpful to multiple Democratic campaigns, and right now my focus is on helping them get their campaign technology stacks set up in a secure manner.”

It seems that campaign season barely took a pause to sort out who won the 2018 midterms, before gearing up for the 2020 cycle.  See related reports, further below.

 

Related Reports:

Howard Schultz Serious About 2020 Independent Run, Outlines Plans, plus Manufactured Housing Equities Updates

Raucous Caucus, Democratic Reality Check by Speaker Pelosi, Mayor Rahm Emanuel, plus MH Market Updates

February Jobs Data in 1 Infographic, Construction Hit, Plus Manufactured Housing Stock Updates

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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).

3.18.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st 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 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.)

(Image credits and information 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.

White Collar Shakedown, Fear, Hobbs Act, and Manufactured Housing Independents Struggles

March 18th, 2019 No comments

WhiteCollarShakedownFearHobbsActManufacturedHousingIndependentsStrugglesDailyBusinessNewsMHProNews

Fear can be an element of extortion, according to the Hobbs Act, says the Justice Department website. For newcomers to the Daily Business News, on MHProNews, brown and bold text are direct quotes from the source cited.  This topic is being raised because more than one credible source – both recent and previously – has contacted MHProNews with their experiences in this context.

 

The Racketeer Influenced and Corrupt Organizations Act, commonly referred to as the RICO Act or simply RICO, is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed …. A civil RICO action can be filed in state or federal court. Both the criminal and civil,” per Wikipedia.

Shakedowns and ‘Protection Rackets’ are other terms used for various types of extortion, and they will be examined following the DoJ information.

 

Relevance to Manufactured Housing

The relevance to manufactured housing is simple and direct. There have been a number of manufactured housing independents who are afraid of doing things that are lawful and within their constitutionally protected rights. They are arguably victims of extortion.

Does that extortion come from drug dealers? No. MS 13? Not reports on that at this time either.   Rather, these are fears based upon well known actors in the Manufactured Housing Industry. Links will be provided after the DOJ and other information that follows, below.

Because there are several reports from different markets that have pointed to the same sources that they fear. Coincidence?

 

 

How the Hobbs Act May Be Applied to Manufactured Housing

What follows is from the Department of Justice (DoJ) website. It is copied verbatim, but

MHProNews is turning bold and blue some of the items from DoJ below that may be relevant and apply to our industry.

 

USDepartmentofJustice2402HobbsActGenerallyExtortionMHProNews

  1. HOBBS ACT — EXTORTION BY FORCE, VIOLENCE, OR FEAR

 

In order to prove a violation of Hobbs Act extortion by the wrongful use of actual or threatened force, violence, or fear, the following questions must be answered affirmatively:

  1. Did the defendant induce or attempt to induce the victim to give up property or property rights? Property” has been held to be “any valuable right considered as a source of wealth.” United States v. Tropiano, 418 F.2d 1069, 1075 (2d Cir. 1969) (the right to solicit garbage collection customers). Property” includes the right of commercial victims to conduct their businesses. See United States v. Zemek, 634 F.3d 1159, 1174 (9th Cir. 1980) (the right to make business decisions and to solicit business free from wrongful coercion) and cited cases). It also includes the statutory right of union members to democratically participate in union affairs. See United States v. Debs, 949 F.2d 199, 201 (6th Cir. 1991) (the right to support candidates for union office); United States v. Teamsters Local 560, 550 F. Supp. 511, 513-14 (D.N.J. 1982), aff’d, 780 F.2d 267 (3rd Cir. 1985) (rights guaranteed union members by the Labor-Management Reporting and Disclosure Act, 29 U.S.C. §  411).
  2. Did the defendant use or attempt to use the victim’s reasonable fear of physical injury or economic harm in order to induce the victim’s consent to give up property? A defendant need not create the fear of injury or harm which he exploits to induce the victim to give up property. See United States v. Duhon, 565 F.2d 345, 349 and 351 (5th Cir. 1978) (offer by employer to pay union official for labor peace held to be “simply planning for inevitable demand for money” by the union official under the circumstances); United States v. Gigante, 39 F.3d 42, 49 (2d Cir. 1994), vacated on other grounds and superseded in part on denial of reh’g, 94 F.3d 53 (2d Cir. 1996) (causing some businesses to refuse operations with the victim sufficiently induced the victim’s consent to give up property, consisting of a right to contract freely with other businesses, as long as there were other businesses beyond defendants’ control with whom the victim could do business).
    Moreover, attempted extortion may include an attempt to instill fear in a federal agent conducting a covert investigation or a defendant “made of unusually stern stuff.” See United States v. Gambino, 566 F.2d 414, 419 (2d Cir. 1977) (argument that FBI agent pretending to be extortion victim could not be placed in fear is not a defense to attempted extortion of the agent); see also United States v. Ward, 914 F.2d 1340, 1347 (9th Cir. 1990) (an attempt to instill fear included a demand for money from a victim who knew that the defendant was only pretending to be a federal undercover agent when he threatened the victim with prosecution unless money was paid).
    However, the payment of money in response to a commercial bribe solicitation, that is, under circumstances where the defendant does not threaten the victim with economic harm, but only offers economic assistance in return for payment to which the defendant is not entitled, is not sufficient to prove extortion by fear of economic loss. United States v. Capo, 817 F.2d 947, 951-52 (2d Cir. 1987) (solicitation of money from job applicants by persons having no decision making authority in return for favorable influence with employment counselors was insufficient evidence of inducement by fear); but see United States v. Blanton, 793 F.2d 1553, 1558 (11th Cir. 1986) (inducement by fear was proven by the defendant’s solicitation of a labor consulting contract, to help employer stop outside union organizing, when the solicitation was accompanied by defendant’s threat to form another union and begin organizing employees if the consulting contract was not accepted).
  3. Did the defendant’s conduct actually or potentially obstruct, delay, or affect interstate or foreign commerce in any (realistic) way or degree? The Hobbs Act regulates extortion and robbery, which Congress has determined have a substantial effect on interstate and foreign commerce by reason of their repetition and aggregate effect on the economy. Therefore, the proscribed offenses fall within the category of crimes based on the Commerce Clause whose “de minimis character of individual instances arising under [the] statute is of no consequence.” United States v. Bolton, 68 F.3d 396, 399 (10th Cir. 1995) (upholding Hobbs Act convictions for robberies whose proceeds the defendant would have used to purchase products in interstate commerce), quoting, United States v. Lopez, — U.S. —, 115 S.Ct. 1624, 1630 (1995); material in brackets added; see also United States v. Atcheson, 94 F.3d 1237, 1243 (9th Cir. 1996) (robbery of out-of-state credit and ATM cards); United States v. Farmer, 73 F.3d 836, 843 (8th Cir. 1996) (robbery of commercial business); United States v. Stillo, 57 F.3d 553, 558 n.2 (7th Cir. 1995).
    Hobbs Act violations may be supported by proof of a direct effect on the channels or instrumentalities of interstate or foreign commerce, as for example, where the threatened conduct would result in the interruption of the interstate movement of goods or labor. See United States v. Taylor, 92 F.3d 1313, 1333 (2d Cir. 1996) (extortion of money, unwanted labor, and subcontracts on construction projects by threatened shutdowns and labor unrest); United States v. Hanigan, 681 F.2d 1127, 1130-31 (9th Cir. 1982) (robbery of three undocumented alien farm workers while they were traveling from Mexico to the United States in search of work); United States v. Capo, 791 F.2d 1054, 1067-68 (2d Cir. 1986), vacated on other grounds, 817 F.2d 947 (2d Cir. 1987) (scheme to extort local job applicants had a potential effect on interstate applicants who might otherwise be hired).
    Indirect effects on such commerce are also sufficient, as for example, where the obtaining of property and resulting depletion of the victim’s assets decreases the victim’s ability to make future expenditures for items in interstate commerce. Taylor, supra (depletion of contractors’ assets). However, the Seventh Circuit has distinguished Hobbs Act cases involving depletion of a business’ assets from those involving the depletion of an individual employee’s assets which, the court has ruled, are not as likely to satisfy the jurisdictional requirement of the Hobbs Act. United States v. Mattson, 671 F.2d 1020 (7th Cir. 1982); United States v. Boulahanis, 677 F.2d 586, 590 (7th Cir. 1982). Other circuits have agreed where the extortion or robbery of an individual has only an “attenuated” or “speculative” effect on some entity or group of individuals engaged in interstate commerce thereby diminishing the “realistic probability” that such commerce will be affected. See United States v. Collins, 40 F.3d 95, 100 (5th Cir. 1994) (conviction for robbery of a computer company employee reversed on grounds that theft of victim’s automobile with cellular phone had an insufficient effect on his employer’s business); United States v. Quigley, 53 F.3d 909 (8th Cir. 1995) (upholding the acquittal, following guilty verdict, of defendants who beat and robbed two individuals in route to buy beer at a liquor store).
  4. Was the defendant’s actual or threatened use of force, violence or fear wrongful? Generally, the extortionate obtaining of property by the wrongful use of actual or threatened force or violence in a commercial dispute requires proof of a defendant’s intent to induce the victim to give up property. No additional proof is required that the defendant was not entitled to such property or that he knew he had no claim to the property which he sought to obtain. See United States v. Agnes, 581 F.Supp. 462 (E.D. Pa. 1984), aff’d, 753 F.2d 293, 297-300 (3d Cir. 1985) (rejecting claim of right defense to defendant’s use of violence to withdraw property from a business partnership).
    However, the Supreme Court has recognized a claim-of-right defense to Hobbs Act extortion in labor-management disputes. In a 1973 decision, the Court reversed the conviction of union-member defendants who had used violence against an employer’s property, during an otherwise legitimate economic labor strike, in order “to achieve legitimate union objectives, such as higher wages in return for genuine services which the employer seeks.” United States v. Enmons, 410 U.S. 396, 400 (1973). The Court reasoned that the legislative history of the Hobbs Act disclosed that Congress had been concerned with attempts by union officials to extort wages for unwanted and fictitious labor, to which employees were not entitled, as contrasted with the policing of legitimate labor strikes in general. Therefore, the Court concluded that the union members’ use of violence during the strike was not “wrongful” for purposes of Hobbs Act extortion. The Supreme Court also made a broadly worded statement that
    “wrongful” has meaning in the Act only if it limits the statute’s coverage to those instances where the obtaining of the property would itself be “wrongful” because the alleged extortionist has no lawful claim to that property.

Id.

In its labor-management context, the claim-of-right defense is not applicable where defendants do not have legitimate labor objectives. The labor claim-of-right defense has been held not to excuse the following kinds of coercive demands:

  • payoffs to union officials and employee representatives in violation of the federal labor laws (29 U.S.C. § 186); United States v. Quinn, 514 F.2d 1250, 1259 (5th Cir. 1975) (solicitation of church donation in return for removal of labor pickets); United States v. Gibson, 726 F.2d 869 (1st Cir. 1984) (request for payoff to remove pickets);
  • sham fees which labor unions are not entitled to collect under the labor laws; United States v. Wilford, 710 F.2d 439, 444 (8th Cir. 1983) (economic coercion of dues and initiation fees from truck drivers who were self-employed or who were told they would receive no member benefits);
  • employee payments which violate existing labor contracts; United States v. Russo, 708 F.2d 209, 215 (6th Cir. 1983) (under threat of job loss, employees’ payment of health and pension contributions which labor contract required employer to pay);
  • employer payments to labor unions which are not included in existing labor contracts; United States v. Traitz, 871 F.2d 368, 381-82 (3d Cir. 1989) (violence used to collect fines on employers for non-compliance with union rules which were not made part of the labor contract);
  • demands that a non-union employer cease business operations during a sham union organizing campaign; United States v. Edgar Jones, 766 F.2d 994, 1002-03 (6th Cir. 1985) (violent campaign by union officials and union-represented competitor to drive the non-union employer out of business under the pretext of persuading employees to join the union and enforce area wage standards);
  • employer payments for labor consulting to establish a bogus “sweetheart union” and thereby discourage legitimate organizing by other unions; United States v. Blanton, 793 F.2d 1553 (11th Cir. 1986).
  • construction contractors’ payments of money, wages for unwanted and superfluous employees, and subcontracts with employee representatives which were unrelated to the hiring of employees. United States v. Taylor, 92 F.3d 1313, 1319 and 1333 (2d Cir. 1996) (extortion of contractors by leaders of minority labor coalitions).

Several courts of appeals have limited the claim-of-right defense to the context of labor-management disputes by refusing to extend the defense to extortionate violence and economic fear in commercial disputes and public corruption cases. United States v. Debs, 949 F.2d 199, 201 (6th Cir. 1991) (violence against union members in retaliation for support of opposition candidate for union office); United States v. Castor, 937 F.2d 293, 299 (7th Cir. 1991) (violent threats to obtain consent to enter into business arrangement); United States v. Zappola, 677 F.2d 264, 269 (2d Cir. 1982) (beating of debtor to coerce repayment of purported debt); United States v. Porcaro, 648 F.2d 753, 760 (1st Cir. 1981) (franchisor’s violence to compel franchisee to vacate premises); United States v. French, 628 F.2d 1069, 1075 (8th Cir.1980) (public official’s kickbacks on bail bond settlements); United States v. Cerilli, 603 F.2d 415, 419 (3d Cir. 1979) (solicitation of political contributions); United States v. Warledo, 557 F.2d 721, 729-730 (10th Cir. 1977) (violence by Native Americans to compel railroad to pay reparations for tribal lands).However, other courts have held that the extortionate use of fear of economic harm in commercial disputes is subject to a claim-of-right defense on the grounds that, unlike violence, the use of economic fear is not inherently “wrongful.” See United States v. Kattar, 840 F.2d 118, 123-24 (1st Cir. 1988) (threat to expose church to litigation unless purported “award” for information was paid to defendant was not a legitimate use of economic fear where the information was false and defamatory); United States v. Clemente, 640 F.2d 1069, 1077-78 (2d Cir. 1981) (extortion of bogus consulting payments from subcontractor coerced by the threat of labor unrest against the subcontractor’s principal).Where the claim-of-right defense applies, courts have generally held that the Government must prove that the defendant knew that he was not entitled to receive the property which he sought to obtain. United States v. Arambasich, 597 F.2d 609, 611 (7th Cir. 1979) (demand by labor union official on employer that the official and others be hired for no-show employment using threat of labor unrest); United States v. Sturm, 870 F.2d 769, 774 (1st Cir. 1989) (in prosecution involving debtor’s withholding of property from a creditor-bank, “the term ‘wrongful’ requires the government to prove, in cases involving extortion based on economic fear, that the defendant knew that he was not legally entitled to the property that he received.”); United States v. Dischner, 974 F.2d 1502, 1515 (9th Cir. 1992) (failure to instruct that defendant must know he had no entitlement to property he sought by use of economic fear did not rise to the level of plain error; but “knowledge of the extortion encompasses knowledge of the lack of lawful claim to the property.”). [cited in JM 9-131.010]

##

 

DoJ notes that this type of behavior – extortion by fear – can have significant economic impact.  Of course. It is arguably in the tens of billions of dollars for manufactured housing, and far more for the nation large. See the report liked below, noting that the term ‘fear’ in that case is a reference to marketplace fear, rather than a reference to fear by extortion.

 

ValuePenguinFearManufacturedHomesSolutoinAffordableHousingCrisisDailyBusinessNewsMHProNews

The use of the term FEAR here is NOT in the sense of the Hobbs Act, RICO, etc. Rather, this linked article is shared to help establish some of the economic impact on the U.S. economy that the purported efforts of extortion by fear being exercised in the manufactured housing industry. https://www.valuepenguin.com/home-insurance/fear-manufactured-homes-affordable-housing-crisis

 

 

What is extortion?

Extortion refers to obtaining property or compelling action by the use of threats or by the misuse of public office. … Extortion by threats or fear (coercive extortion) can refer to any illegal use of a threat or fear to obtain property or advantages from another, short of violence, which would constitute robbery,” says Encyclopedia’s legal definition.

Extortion is a serious crime because it causes victims to believe they are perpetrators, and by exploiting that fear, the extortionist can repeatedly and openly engage in acts of extortion with little threat of being prosecuted,” said Jeffrey E Grell, JD, on RicoAct.com.

The threats and fear that have been publicly described by the Mobile Home Militia (#MHM), others that have been privately described and have not yet been are all potentially subject to the Hobbs Act, RICO, and other activities. RICO can include a misuse of the mails, and a misuse of the wires.  See purported examples of that linked here and here.

For the purported reasons why there is fear, beyond those noted, readers may find more about the related reports, below. The law exists to protect the interests of the honest from those who would warp or manipulate the system. Federal and other officials should be called to full use.  See that among the related reports, below the bylines, notices, email headline news offer, etc.

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

 

MHProNews has repeatedly offered major players based in the Knoxville metro, Arlington, VA and their attorneys the ability to respond.  They’ve exercised their right to remain silent.

 

 

Stay tuned for more, as the law provides solutions.  The marketplace and civil process offers opportunities too. Sign up for our emailed headline news, below at the right. That is this afternoon’s “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

Related Reports:

You can click on the image/text boxes to learn more about that topic.

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

Positive, Uplifting Third-Party Reports Favor Modern Manufactured Housing, So What’s Going Wrong?

Mobile Home Militia – “Clayton [Homes] Wants Your Cornbread Too” “Join the Revolution” – ‘You Gotta Have Swagger’

“Mobile Home Militia,” Retail/Production Sources, Sound Alarm Against Clayton Homes, CMH, New “Anti-Competitive Practices” Allegation

Examining Derek Thompson’s Atlantic Report on ‘Mobile Home’ Retail Market as Fastest Dying Business In America

Restraint of Trade, Manufactured Housing Institute, Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, and Antitrust Law

 

CFPB and 21st, Second Shoe Drops? Flooring w/21st Mortgage Corp? Insider Tips

How Many MH Independents, Retailers Have Been Lost Recently? “They Think They Own Us”

 

Clayton Homes and 21st Mortgage’s Manufactured Housing “Spies”

 

 

 

 

 

 

 

 

 

 

 

 

 

Restraint of Trade, Manufactured Housing Institute, Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, and Antitrust Law

March 17th, 2019 No comments

 

RestraintofTradeManufacturedHousingInstituteClaytonHomesVanderbiltVMF21stMortgageAntitrustLawDailyBusinessNewsMHProNews600

Generally, before the start of each session of a Manufactured Housing Institute (MHI) business meeting, there is a brief reference made the antitrust guidelines.  This, say experts, is important on several levels.

 

MHI has produced a handout, linked here, which includes the following sentence.

The general requirements of the antitrust laws prohibit any agreement to restrict trade between competitors.”

That begs the question. What constitutes a restraint of trade?  As our Sunday morning topic that leads into our weekly headlines-in-review, the Daily Business News on MHProNews discovered the following doing some basic research.

restraint of trade

noun

LAW

  1. action that interferes with free competition in a market.”

 

There can be in contract law both licit and illicit restraint of trade.  For example, if you hire an employee, teach that person the business, and had them sign a non-compete agreement that covers a reasonable time frame (two years is common) after a possible separation, that might be a legal restraint on trade. Check with an attorney for details.

But price fixing or other efforts at manipulating or rigging the marketplace is not a legal restraint on trade.

 

Restraints of trade is a common law doctrine relating to the enforceability of contractual restrictions on freedom to conduct business. It is a precursor of modern competition law,” said Wikipedia

SummaryAntitrustLaw4PsGraphicDailyBusinessNewsMHProNews

 

Here’s how the FindLaw website describes the matter.

Restraint of Trade – FindLaw

FindLaw › smallbusiness › restraint-of-trade

At the most basic level, “restraint of trade” is any activity that prevents another party from conducting business as they normally would without such a restraint. For instance, two businesses agreeing to fix prices in order to put another competitor out of business is an illegal restraint of trade.”

Rottenstein Law said:

“What is “restraint of trade”?

RXInjuryHelp.com › … › Injury”

 

Restraint of trade is an economic injury that involves interfering with another person’s ability to do business freely. Restraint of trade is part of antitrust law…”

So if a company or person is ‘INJURED’ or HARMED by a restraint of trade, or the threat of a restraint of trade that can be the cause of action by civil, state or federal authorities.  Note that under civil law, some causes of action – which can at times be handled by an attorney working on a contingency fee basis in a firm that specializes in such cases – can result in 3x damages to the injury incurred.  Do you think that may be why those in the Omaha-Knoxville-Arlington axis aren’t too keen to confess possible misdeeds?

 

Here’s another example, from Business Dictionary, that covers possibly licit actions.

“What is restraint of trade? definition and meaning

Business Dictionary › definition › restraint of trade…

Legal contract between a buyer and a seller of a business, or between an employer and employee, that prevents the seller or employee from engaging in a similar business within a specified geographical area and within a specified period.

Finally this morning, there is this pull quote from US Legal.

 

Restraint Of Trade Law and Legal Definition

USLegal › definitions › restraint-of-trade

Restraint of trade means any activity which tends to limit trade, sales and transportation in interstate commerce or has a substantial impact on interstate commerce.” 

There’s more on all of these, but that gives industry readers and investors a better sense.

Now think about restraint of trade in terms of what the Mobile Home Militia or #MHM has recently alleged. This is the latest allegation from that group. See that report under the Masthead, further below.

 

BarriersEntryMaintainExitMonopolisticTrustsCartonbulletsInfographicDailyBusinessNewsMHProNews

MHProNews editorially is pro-free enterprise, faith, flag, family and friends. That makes us 5F. America has a long tradition of antitrust or anti-monopolistic law and enforcement. In recent decades, that has arguably slipped. But there are voices across the left-right spectrum that see the risk of the monopolistic, and the issue of antitrust is roaring back. We support that for the benefit of small to mid-sized businesses and consumers. Where monopolistic behavior warrants it, big firms should be broken up under existing law. For a legal rationale on how that can be done without new laws, see the report linked here. For documents, quotes, video and examples of alleged monopolistic behavior in manufactured housing, click here.

 

Or ponder antitrust laws in terms of what the document from 21st Mortgage, the quotes from Warren Buffett, and what Kevin Clayton said in the video on this page stated.

Is attempting to interfere with the free communication of business information – say an organized or quiet boycott of a business publication – a possible restraint of trade?  Engaged Scholarship says “Protest Boycotts as Restraints of Trade under the Sherman Antitrust Act…”  So, yes.

Note that tying, boycotts, restraint of trade, and other such practices that are cited under various antitrust laws have been called for by purported surrogates of the Manufactured Housing Institute (MHI).  Some of the have been published, others were done verbally, by email, and so on.

With those thoughts in mind, now look more closely at what MHI’s own antitrust document said about possible, once more linked here as a download for your convenience. Also, ask yourself this.  Why has MHI refused to turn over documents that may reflect other possible conflicts of interests between their ‘elected’ leaders and the actions of the trade group?

AntitrustInstructionsWarningManufacturedHousingInstituteLogo

MHI antitrust instructions are shown at the link here as a download. Provided under fair use guidelines for media.

 

Hundreds of millions of dollars in fines were reported in 2018 alone by the Department of Justice (DoJ), see November Rain, by the DoJ’s top antitrust cop in the article linked further below. Keep in mind that not only are fines possible under antitrust laws, but federal law gives the government the power to break up a firm engaged in monopolistic practice.

With the breakup of monopolies in mind, while we disagree with Senator Elizabeth Warren on several issues, on that topic, she and her campaign could do the nation a favor. More on that, linked here and here.  Once more, we take a ‘wheat and a chaff’ approach to each person, each group.  Accept whatever is good – like wheat – but reject what is not – like chaff.

When you look at manufactured housing through the lens of market manipulation, it may become more clear why the industry is still well below historic norms.  That is based upon data that the Arlington, VA based Manufactured Housing Institute’s own members have produced.

The SPJ is the Society of Professional Journalists. “The SPJ’s code of ethics states that journalists should “seek truth and report it” and that “journalists should be honest, fair, and courageous…” In fairness, we routinely reach out to those we are researching.

 

MHProNews’ dares speak ‘truth to power’ and hold the powerful to account.
That’s a traditional and respected roll of media.

 

We are not a trade organization, which is why we’ve encouraged the formation of a new post-production trade group, given the apparent failure of current post-production leadership over the course of many years. The National Association of Manufactured Housing Community Owners (NAMHCO) came to birth in 2018, stating their dismay over years of MHI promises without fulfilment. Years before, the Manufactured Housing Association for Regulatory Reform (MHARR) was born to deal with issues that MHI was failing to address for independent producers of HUD Code homes.  That said, we respect the right of those who freely want to be members of MHI.  There is another question about just how ‘free’ some of those decision are, but we’ll look at RICO law and related another time.

What will happen for other post-production groups? Will retailers, lenders, suppliers or others organize, as NAMHCO and MHARR have done?  Stay tuned.  Keep in mind that most industry have numerous trade groups, manufactured housing is odd in that it has so few.  Is that also a possible reason why the industry is constrained in its growth?

In the meantime, see the reasons for growing alarm and frustration, among a variety of other reports.  Below you will find the good news, the bad, and the ugly. Because while we aren’t SPJ members, we seek the truth and report it, coupling it with expert analysis you won’t find anywhere else in manufactured housing.

As usual, we don’t create a text-linked image box for each report, but we never do a topic that we don’t think has relevance to manufactured housing investors and professionals. With no further adieu, let’s dive into the week that was from 3.10.2019 to 3.17.2019.

 

What’s New on the Masthead

Mobile Home Militia – “Clayton [Homes] Wants Your Cornbread Too” “Join the Revolution” – ‘You Gotta Have Swagger’

 

What’s New from MHLivingNews

 

Celebrities, Millionaires, Billionaires and Their Appealing Manufactured Homes

 

What’s New from Washington, DC based MHARR

 

 

What’s New on the Daily Business News from MHProNews

11DailyBusinessNewsMHProNewsLogos

Saturday 3.16.2019

 

Prefabulous by Clayton Homes, Behind the Scenes of Manufactured Housing’s Powerhouse “Have it Made” Campaign

 

Friday 3.15.2019

 

“I Can’t Think of a Good Reason to Keep People from Buying Affordable Housing” – Manufactured Home Industry Voices Video

 

“I Can’t Think of a Good Reason to Keep People from Buying Affordable Housing” – Manufactured Home Industry Voices Video

“November Rain” – DoJ’s Top Antitrust Cop – Assistant Attorney General Makan Delrahim ABA Speech on Antitrust Enforcement for Americans

 

Thursday 3.14.2019

 

HUD Secretary Ben Carson Sounds Off on Housing Market, Opportunity Zones, More

Hedge Fund Dumps Shares of Skyline-Champion, plus Manufactured Housing Stock Updates

Court Ruling on Sierra Club vs Rick Perry DOE on Manufactured Home Energy Regulations, Constitutional Law Professor, MHARR Weigh In

Tim Williams, PBS News’ Bad Bargain, Manufactured Housing Institute, Buffett’s Mirror, and Clayton’s Costume

 

Wednesday 3.13.2019

 

Minnie Driver, Millionaires, and Billionaires – Debunking “Housing for the Poor” Image of Manufactured Housing

Howard Schultz Serious About 2020 Independent Run, Outlines Plans, plus Manufactured Housing Equities Updates

Investors, Professionals, Planners, Advocates – Examining Affordable Manufactured Home Industry Market Potential

“Tug of War” – Manufactured Home Community Legislation – “Vicious Cycle Goes On,” Impacting Industry, Home Owners, and Potential Buyers

 

Tuesday 3.12.2019

 

 

“Warren Buffett has Another Headache” from Berkshire Hathaway Owned Brand, Says NY Post “it ain’t from a Dairy Queen Blizzard.”

DTS Manufactured Home Lending Committee Member Says MHI in “Unholy Alliance” to Divert Needed GSE Support Away from Manufactured Housing

Rocking Manufactured Housing Shows, Events, and Marketing Promotions

 

Monday 3.11.2019

 

What HUD Will and Won’t Say About Manufactured Housing Programs in 2020 HUD Budget

No Impeachment Says House Speaker Nancy Pelosi (CA-D), Trump 2020 Budget Rollout, Plus Manufactured Housing Stock Updates

 

Apt Warning for Manufactured Housing Professionals, MH Customers, by Award Winning Journalist Sharyl Attkisson, TEDx

 

Sunday 3.10.2019

 

·  Warren Buffet’s Quotable Quotes on Business, Institutions, Behavior, and News Reporting

Warren Buffet’s Quotable Quotes on Business, Institutions, Behavior, and News Reporting

That just about does it for this weekly recap.  Let’s note again that we respect the fifth amendment right to remain silent. We respect as well the rights of others to speak up, via the link below.

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

 

See the related reports immediately and further below the by line, notices, and  business development offers.

Make sure that you and your circle are plugged into the largest professional audience in all of MHVille. Sign up in seconds for our 2x weekly emailed headline news. From the largest to the mom and pops, and all in between, it is the most read emailed headline news in all of manufactured housing.

 

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

Finally, thanks to our sponsors, sources – plus thousands of daily readers like you – that’s made us and kept us the industry’s runaway most read trade media for some 9 years. Thank you so much. “We Provide, You Decide.” © ## (News, analysis, commentary.)

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

Related Reports:

You can click on the image/text boxes to learn more about that topic.

Manufactured Housing Institute Members Defending MHI, Great Debate About Manufactured Home Industry Progress, Problems, and Profits

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

Controversy Erupts! Tunica Manufactured Home Show ‘Educational Seminar’-Legally Questioned “Lease Option” “Chattel Lending” ‘Taught’ by Spencer Roane, Promoted By George F. Allen, SECO

 

Positive, Uplifting Third-Party Reports Favor Modern Manufactured Housing, So What’s Going Wrong?

Conquest Capitalism – Thoughts of Chairman Warren Buffett – Billionaires Campaign to Control Trillion Dollar Affordable Housing Market

Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

 

 

 

 

Historic Welfare Reform Can Spur More Worker Availability, Save Taxpayers, Expert Analysis – plus Manufactured Housing Industry Market Updates

March 15th, 2019 No comments

CNNmone3.15.2019ManufacturedHomeStocksMarketsReportsMHProNewsPresidential budget proposals are ‘aspiration’ to use the phrase that some have applied to the Green New Deal.  But it addresses several items that should be important to investors, professionals, and the nation at large.  On a day when the broader markets rose overall, and industry track stocks closed mostly up, we focus on the topic of welfare reform and why it matters.

 

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 belowafter the newsmaker bullets and major indexes closing tickers.

 

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.

 

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

 

Select bullets from CNN Money…

  • Facebook livestreamed a massacre
  • Facebook says it’s policing its platform, but a horrific video slipped through the cracks. Why?
  • How the attack was designed, in part, to exploit social media
  • Some media outlets aired the video. Should they have?
  • Social media struggle to halt the spread of New Zealand shooting video
  • LIVE UPDATES It was a good week for the Dow, Nasdaq and S&P 500
  • The SEC is accusing Volkswagen and its former CEO of ‘massive fraud’
  • Volkswagen CEO apologizes after appearing to reference Nazi slogan
  • One of the world’s biggest investors is breaking up with Goldman Sachs
  • Boeing now faces dual crises in wake of crash and grounding
  • The company will keep building new 737 Max planes as it scrambles to get them back in the air
  • There is big money in podcasting. What does this mean for the industry?
  • Content by LendingTree
  • 30-year fixed rates just declined. See if you qualify
  • Venezuela’s oil industry at risk of collapse, oil watchdog warns
  • Facebook marks one-year anniversary of Cambridge Analytica scandal with ‘nightmare week’
  • China says it will now treat US companies more fairly. They’re not convinced
  • You’re a leader now. It’s time to start acting like one
  • When embracing failure can lead to success
  • How to prove you have management potential
  • Executives say ‘digital detox’ retreats are key to their success
  • How successful CEOs manage their time
  • Tesla finally unveils its second SUV, the Model Y
  • See Tesla’s new Model Y
  • Why the Model Y will be Tesla’s most important car
  • Elon Musk isn’t a liability to Tesla. He’s a ‘liability for himself’
  • Tesla’s Model 3 isn’t the electric car for everyone

Select Bullets from Fox Business

  • Admissions scandal won’t impact rankings by U.S. News & World Report
  • College cheating $1M bail: Govt. gone overboard
  • Opinion – SAT tutor who makes $1,000 per hour says ‘I am part of the problem’
  • Joe Montana, Phil Mickelson linked to Singer’s college prep firm at center of scandal
  • Alan Greenspan: Social Security solvency may require benefit cuts
  • FAA should not have grounded Boeing 737 Max jets, former government official says
  • Nike built Duke’s Zion Williamson customized shoe before return: Report
  • Daughter of American imprisoned in Venezuela: Father has been without food for three days
  • US oil rig count falls to lowest since April 2018: Baker Hughes
  • Tesla bets on Model Y for main street appeal
  • Winklevoss twins on Gemini, why bitcoin may replace gold
  • Homes are flying off the market in these five cities
  • US job openings swell to 7.6M in January, amid tight labor market
  • Marie-Kondo effect: Goodwill doesn’t want your junk
  • Eli Manning to become NFL’s highest-earning player ever, despite recent struggles
  • ‘Godfather’ actor Gianni Russo on mob ties to JFK, Marilyn Monroe deaths
  • Time is just right for moving more Americans from welfare to work
  • S. economy, manufacturing and oil boom proving socialist naysayers wrong
  • Kennedy: Bernie Sanders will ‘eat’ Beto O’Rourke for breakfast
  • Teen makes $200K playing ‘Fortnite’
  • Portland, Oregon vs. 5G: City officials push to block rollout over health concerns
  • Macro situation is good for Boeing: Gasparino
  • Oil billionaires help fund state, local governments in Oklahoma
  • Private equity firms’ biggest earners last year
  • Here’s how much the Mega Millions winner will get after taxes

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance3.15.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

KristinaRasmussenVPFederalAffairsFGATrumpAdminWelfareReform2020PlanDailyBusinessNewsMHProNews

 

There are several topics covered in this NBC News video dubbed as “White House Defends President Donald Trump’s Budget On National Debt, Medicare, More.”  At about the 4 minute mark, the topic of welfare reform is directly addressed, although aspects of entitlement spending are raised prior to that mark.

Kristina Rasmussen is vice president of federal affairs at the Foundation for Government Accountability. In a column on Fox Business, Rasmussen made some interesting points on the issue of welfare reform in the 2020 budget.

 

  • There is a near-record number of able-bodied adults dependent on food stamps today—and only eight percent of this group work full-time jobs. According to government data, 28 million able-bodied adults are on Medicaid, and most aren’t working at all,” said Kaye.
  • Other would-be workers are being kept on the sidelines by a broken federal disability insurance program that disincentivizes work—similar to the welfare system.”
  • Still more are dissuaded by government-imposed barriers, high occupational licensing fees and lengthy education and training requirements that often do not align with a given profession.”
  • One such reform would bring work requirement uniformity across federal welfare programs by requiring recipients of Medicaid, the Temporary Assistance for Needy Families (TANF) program and the Department of Housing and Urban Development’s (HUD) rental assistance program to work, train or volunteer at least part-time in order to receive welfare benefits. This would only impact those welfare recipients who have the ability to work — whether part-time or full-time.”
  • Research shows that work requirements have powerful impacts on those stuck in a welfare rut, taxpayers and the economy. In Florida, after work requirements went into effect, those leaving welfare found work in over 1,000 industries. In Arkansas, the same group returning to the workforce more than tripled their incomes within two years.”

The reforms would eliminate waste while preserving the benefits for those in need, said Rasmussen.

  • Bold reforms that emphasize the importance of work are exactly what our economy needs to kick it into high gear and to reach the president’s goal of sustained GDP growth of three percent or better.”
  • To do this, the nation’s workforce must expand by millions. We have the people to meet that demand. Now we need the policies to match.”

Related Reports:

HUD Secretary Ben Carson Sounds Off on Housing Market, Opportunity Zones, More

Howard Schultz Serious About 2020 Independent Run, Outlines Plans, plus Manufactured Housing Equities Updates

 

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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).

3.15.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st 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 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.)

(Image credits and information 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.

Hedge Fund Dumps Shares of Skyline-Champion, plus Manufactured Housing Stock Updates

March 14th, 2019 No comments

CNNmone3.14.2019ManufacturedHomeStocksMarketsReportsMHProNewsThe proverbial crystal ball has never worked, so it would be inaccurate to say that its broken. But trend-lines, a little logic, and track records can go a long way to reading tea leaves that could provide useful clues that might impact companies and stocks.  Tonight’s feature is a report from Financial Headlines, much of which was off-the-mark, but some of it was worth noting.  On a mixed day for the broader markets, and with more losers than gainers among manufactured home tracked stocks, what Financial Headlines said about Skyline Champion – and didn’t say – will be our featured focus 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 belowafter the newsmaker bullets and major indexes closing tickers.

 

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.

 

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

Select bullets from CNN Money…

  • A lofty goal for 2030
  • Coca-Cola wants to collect and recycle the equivalent of every bottle it sells
  • LIVE UPDATES Markets are in positive territory
  • Facebook says it’s resolved outage issues, denies attack
  • Why the Model Y will be Tesla’s most important car
  • GE warns of bleak 2019 but promises brighter future
  • The 737 Max crisis has wiped more than $25 billion off Boeing’s market value
  • American businesses are finally getting more productive
  • Huawei pleads not guilty to charges it violated US sanctions on Iran
  • Dick’s Sporting Goods removes guns and ammo from 125 stores
  • PERSPECTIVES Banks don’t want to work with marijuana companies. It’s time for that to change
  • A horrific school shooting was the last straw for the CEO of Dick’s Sporting Goods
  • Dollar General will open 975 stores this year
  • What wealthy parents do to get their kids into elite colleges (legally)
  • You have $100,000 to invest. Now what?
  • 30-year fixed rates just declined. See if you qualify
  • This artificial leaf wants to help fight climate change
  • Theranos was a Silicon Valley darling. Now former employees can’t find jobs
  • This Indian tech billionaire just gave $7.5 billion to charity
  • Verizon will soon offer 5G in select cities for $10 extra
  • Everything you need to know about 5G
  • Samsung unveiled its first ever 5G phone
  • PERSPECTIVES 5G will have an enormous impact on the world
  • Sprint sues AT&T, alleging it falsely brands 4G as 5G
  • Why space is becoming a dangerous place to do business
  • She turns Elon Musk’s bold space ideas into a business
  • Toyota wants to send an electric car to the moon
  • SpaceX Crew Dragon returns from historic test flight
  • Watch Crew Dragon land with a splash

Select Bullets from Fox Business

  • Lawsuits seek over $500B in damages over college admissions scandal
  • College admissions cheating scandal: What school alumni earn
  • Kaplan, Princeton Review, The College Board react to college admissions cheating scandal
  • College admissions scandal: There’s more we don’t know about, college consultant says
  • US Senate rebukes Trump over wall, but he vows veto
  • The 59-41 vote marks the second Senate rebuke of Trump in two days.
  • Gary Cohn on US-China trade talks: Trump is ‘desperate’ for resolution
  • NYC inching towards bankruptcy, economist warns
  • Homes are flying off the market in these five cities
  • Beto O’Rourke’s economic, business views
  • Connecticut high court: Gunmaker Remington may be sued for Sandy Hook shooting
  • WATCH: Is the Boeing 737 Max a cost-saving failure?
  • Google directly benefiting Chinese military, says top US general
  • Eli Manning to become NFL’s highest-earning player ever, despite recent struggles
  • SEC Chairman Clayton on bitcoin: Buyer beware
  • BlackBerry morphs into billion-dollar AI cyber company
  • Tesla Model Y: What we know so far
  • How much the average American spends per day
  • Toyota boosts US investments to $13B by 2021
  • 4 reasons you should work for a small business
  • Weekly jobless claims increase more than expected
  • SoftBank, Toyota in talks to invest $1B in Uber’s self-driving unit: Report
  • The investment would give the unit a value of $5 billion to $10 billion.
  • 7 online and mobile banking safety tips

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance3.14.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

HedgeFundDumpsSharesSkylineChampionPlusManufacturedHousingStockUpdatesDailyBusinessNewsMHproNews

Some of the online ‘market reports’ – for whatever reasons – like the ones below are a mix of what is arguably junk mixed with useable nuggets of information.

They are mostly of necessity, backward looking.  So what happened in Q4, while interesting, may or may not reflect what happened today or more recently.

With those ‘stating the obvious’ points noted, this evening we’ll look at two serious moves, in the wrong direction for Skyline-Champion (NYSE:SKY).

First, the major pull quotes, and then some commentary.

LivesAdviceSKYchampionHOlerCenterbridgePartnersLPTrimmedPositionby29.23MillionShareValuesDeclined

Lives Centerbridge Partners Lp decreased its stake in Skyline Champion Corporation (SKY) by 31.63% based on its latest 2018Q4 regulatory filing with the SEC. Centerbridge Partners Lp sold 2.09 million shares as the company’s stock declined 5.55% while stock markets rallied. The hedge fund held 4.51M shares of the homebuilding company at the end of 2018Q4, valued at $66.30 million, down from 6.60 million at the end of the previous reported quarter. Centerbridge Partners Lp who had been investing in Skyline Champion Corporation for a number of months, seems to be less bullish one the $1.13 billion market cap company. The stock decreased 2.78% or $0.57 during the last trading session, reaching $19.95. About 463,122 shares traded. Skyline Champion Corporation (NYSEMKT:SKY) has risen 0.46% since March 14, 2018 and is uptrending. It has underperformed by 3.91% the S&P500. 

SankatyAdvisorsStatkeInSkylineChampionDecreased$28.1MillionShareValuesDeclinedDailyBusinessNewsMHProNews

Sankaty Advisors Llc decreased its stake in Skyline Champion Corporation (SKY) by 29.6% based on its latest 2018Q4 regulatory filing with the SEC. Sankaty Advisors Llc sold 2.01M shares as the company’s stock declined 5.55% while stock markets rallied. The hedge fund held 4.79M shares of the homebuilding company at the end of 2018Q4, valued at $70.32M, down from 6.80M at the end of the previous reported quarter. Sankaty Advisors Llc who had been investing in Skyline Champion Corporation for a number of months, seems to be less bullish one the $1.16B market cap company.

The stock decreased 0.05% or $0.01 during the last trading session, reaching $20.52. About 292,223 shares traded. Skyline Champion Corporation (NYSEMKT:SKY) has risen 0.46% since March 13, 2018 and is uptrending.

It has underperformed by 3.91% the S&P500.

Some Historical SKY News:

02/05/2018 – Wells Capital Management Inc. Exits Position in Skyline;

 

SkylineManufacturedHousingIndustryDailyBusinessNewsMHProNews2019-03-14_1703_001

 

For balance, here is a broader sampling of headlines from today about SKY.

 

GoogleNewsSkylineChampion2019-03-14_1719DailyBusinessNewsMHProNews

2018-12-10_0947SkylineChampionLogoIRComplementaryManufacturingFootprintUSCanadaRetailLogisticsDailyBusinessNewsMHProNews

12.2018.

With that backdrop, what this longtime industry observer sees – and we have interest, insights, but no direct dog in the equities market hunt – is that many investors seem to have only a modest thought about how the controversy at Cavco could potentially spill over to some of the larger players at the Manufactured Housing Institute (MHI).

Antitrust interest in the U.S. is heating up, as several of our reports have tracked, especially over the last two years. It’s a thing in Europe too, where some observers say its been a stronger movement, and that the U.S. is playing catch up.

MHI puts out an antitrust statement at their meetings. While there is evidence and allegations from several mainstream sources, including a ground breaking report linked below, none of them have yet risen to the status of a formal case being announced.  Will such an announcement by DoJ, the FTC, or plaintiffs attorneys occur in 2019?  2020?  2021?

Time will tell, but linked below via the text image box shown are purported Exhibits 1, 2, and 3.

 

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

 

Perhaps more important to several MHI members, is once the shoe drops on allegations of antitrust activity among Berkshire Hathaway owned brands – and we believe that it is likely to occur, for reasons that will be covered in a future report that builds on the one above – the question then becomes, is there spillover effect to other larger players in the industry?  Recall that the SEC declined to confirm or deny that they are looking into antitrust concerns with respect to Cavco Industries, and their legal woes connected to Joe Stegmayer, former Cavco President but still MHI Chairman.

JoeStegmayerCavcoCVCOMIChairBrianMontgomeryHUDFHASameLandyUMHPresidentDailyBusinessNewsMHPronews

 

MHProNews has obtained some communications as news tips that reflect statements by Stegmayer that some may say makes his statements look more-weighty than his now reduced title at Cavco ought to reflect. Stegmayer’s historic ties to Clayton Homes are clear.

What may be a problem for some tracked stocks, could at the same time benefit others.

But perhaps the most heady consideration is MHI’s ongoing pattern of posturing efforts for growth, when they are doing – or not doing – common sense steps that arguably help some brands, while harming others.  See the related reports, for more details.

ManufacturedHomesAsPercentageofSinglefamilyHousingStartsDailyBusinessNewsMHProNewsSkylineChampionSKY780x943

The answer some in the industry give to the last question n the red box above is market rigging. Those allegations routinely involve MHI in some form or fashion. If so, that’s a potential risk for spillover effects beyond the company(ies) most commonly mentioned.

 

Bottom line for tonight.  The industry is under-performing. SKY’s own graphic above says as much. The national association that claims to represent ‘all segments of factory-built housing’ has been rebuked by both an independent producers association, a newly emerging community association, and several of their own members and staff, past and present.

The hubris at MHI is breathtaking, but they apparently feel confident that they won’t get ‘caught’ with a hand in the cookie jar.  The better question is, hasn’t enough information already emerged to reflect that their hands have titled the scales already in a ways that have rigged the markets? Doesn’t that potentially impact the values of MHI member stocks?

Those are the questions that shareholders and other plaintiffs’ attorneys and corporate suits are/will be sorting through.  See the related reports, just below.

Related Reports:

Tim Williams, PBS News’ Bad Bargain, Manufactured Housing Institute, Buffett’s Mirror, and Clayton’s Costume

 

Warren Kicked Hornet’s Nest – How Move May Connect With MH, Renters, Professionals

Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

Investors, Professionals, Planners, Advocates – Examining Affordable Manufactured Home Industry Market Potential

DTS Manufactured Home Lending Committee Member Says MHI in “Unholy Alliance” to Divert Needed GSE Support Away from Manufactured Housing

Warren Buffet’s Quotable Quotes on Business, Institutions, Behavior, and News Reporting

HUD, Census Bureau Releases Mainstream January 2019 Housing Starts Data, How Does Manufactured Housing Compare?

Anti-Monopolistic or “Antitrust” Action Heating Up in Washington, D.C., What It Could Foreshadow for MHVille

MHI’s Growth Agenda? Rick Robinson, JD, SVP Manufactured Housing Institute, Preemption Evidence, Writ of Mandamus, and Addressing HUD Code Manufactured Home Shipment Woes

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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).

3.14.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st 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 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.)

(Image credits and information 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.

Raucous Caucus, Democratic Reality Check by Speaker Pelosi, Mayor Rahm Emanuel, plus MH Market Updates

March 12th, 2019 No comments

CNNmone3.12.2019ManufacturedHomeStocksMarketsReportsMHProNewsIf Trump’s only hope for winning a second term turns on his ability to paint us as socialists, we shouldn’t play to type,” said Chicago Mayor and former President Barack Obama White House Chief of Staff, Rahm Emanuel, in a warning to fellow Democrats in an op-ed to the Atlantic. Once more, Speaker of the House Nancy Pelosi (CA-D) is trying to bring reason to her raucous caucus.  Some are saying, if President Trump runs – which he says he will do – he’s already won if he is competing against an openly Socialist candidate.  Which way are Democratic winds blowing?

 

On a day when the broader markets rose modestly, and manufactured housing stocks were more mixed, quotes from Speaker Pelosi and Mayor Emanuel this evening makes the debate for the future of America tonight’s featured topic.

 

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 belowafter the newsmaker bullets and major indexes closing tickers.

 

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.

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.  For insights from Sharyl Attkisson on how to detect the agendas behind news sources, click here.

 

Select bullets from CNN Money…

  • The world is grounding 737 MAX planes
  • A growing number of airlines say they won’t fly the planes. Why isn’t Boeing?
  • The stock: Shares of Boeing stock continue to slide
  • Consumer Reports: Ground the Boeing 737 MAX 8
  • CEO tells CNN: Ethiopan Airlines pilot had ‘flight control problems’
  • markets end the day mixed; Boeing drags Dow lower
  • Lumber Liquidators will pay $33 million for formaldehyde fraud
  • Volkswagen says its future is electric
  • Real-time crime alerting app Citizen takes off in big cities
  • Wells Fargo CEO Tim Sloan faces an angry Congress
  • Fox News prepares to court advertisers as network grapples with multiple scandals
  • Disney says its Fox takeover will take effect on March 20
  • Tesla bull says ‘poor communication’ is Elon Musk’s biggest problem
  • Facebook removes, then restores Elizabeth Warren’s ads calling for breaking up Big Tech
  • Harley-Davidson sees chance to outdo e-scooter companies
  • Content by LendingTree
  • 30-year fixed rates just declined. See if you qualify
  • Brexit chaos means business is ‘staring down the precipice’
  • Ginni Rometty is shaping IBM’s future with a $34 billion acquisition
  • ‘Time is not our friend’: How Mary Barra’s impatience could save GM
  • He took the leap into cannabis. Now everyone is following
  • Meet the surgeon Buffett, Bezos and Dimon trust to fix health care
  • The CEO spending $62 billion to transform a centuries-old Japanese company
  • Chipotle is bringing its new loyalty program to your Venmo feed
  • Domino’s rewards customers for buying pizza — even from its competitors
  • Robot waiters and snail pizza: What US fast food brands do to please Chinese diners
  • Starbucks’ new 32,000-square-foot store in Tokyo is its biggest in the world
  • Chick-fil-A is trying to get into your home

 

Select Bullets from Fox Business

  • Business leaders, celebrities named in college admissions scandal
  • College admissions cheating scam, by the numbers
  • Trump wants colleges to have ‘skin’ in student loan debt game
  • WATCH: Wells Fargo CEO gets bipartisan rebuke in fiery congressional hearing
  • Gwyneth Paltrow says Amazon’s Jeff Bezos is no mentor to her
  • Brexit vote: UK parliament rejects May’s EU deal again
  • Dick’s to stop selling guns in 125 stores amid sales fallout from ban
  • More countries, airlines suspend 737 Max service as Boeing struggles to contain fallout
  • After Boeing jet crash, Trump tweets ‘airplanes are becoming far too complex to fly’
  • These US airlines operate Boeing 737 Max jets
  • Malcolm Gladwell: Self-driving vehicles could make traffic worse, pose cybersecurity risk
  • Amazon is hiring 3,000 remote workers right now, here are some tips on snagging one
  • Tax season: A look at IRS penalties
  • The next thing millennials are set to kill? College textbooks
  • Honda to recall about 1M vehicles in the US with Takata airbags
  • Barstool Sports boss slams NFL commissioner: Goodell is ‘worst human’ ever
  • Queen Elizabeth and Woody Johnson’s Brexit dinner on the books: Report
  • Beto O’Rourke’s economic, business views
  • Toys R Us’ real estate arm exits bankruptcy with new name
  • ‘Able’ Americans collecting welfare benefits need stricter work requirements: Andy Puzder
  • At age 30, World Wide Web is ‘not the web we wanted’
  • UnitedHealth extends Trump proposal, requires drug rebates to flow to patients
  • Mental health and the workplace: What employers must realize

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance3.12.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews-A

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

RaucousCaucusDemocraticRealityCheckSpeakerPelosiMayorRahmEmanuelPlusMHMarketUpdate

Yesterday, this feature spotlighted the de facto formal leader of the Democratic Party, Speaker of the House Nancy Pelosi, who broke the news to her raucous caucus. Barring overwhelming evidence and enough GOP buy in, there will be no impeachment of President Donald J. Trump, said the California Democrat.

Now, in comments to Rolling Stone, Speaker Pelosi tossed more cold water on the far-left wing of her party.

Said Pelosi to Rolling Stone:

When they say Medicare for All, people have to understand this: Medicare for All is not as good a benefit as the Affordable Care Act. It doesn’t have catastrophic [coverage] you have to go buy it. It doesn’t have dental. It’s not as good as the plans that you can buy under the Affordable Care Act. So I say to them, come in with your ideas, but understand that we’re either gonna have to improve Medicare — for all, including seniors — or else people are not gonna get what they think they’re gonna get. And by the way, how’s it gonna be paid for?  Now, single-payer is a different thing. People use the terms interchangeably. Sometimes it could be the same thing, but it’s not always. Single-payer is just about who pays. It’s not about what the benefits are. That is, administratively, the simplest thing to do, but to convert to it? Thirty trillion dollars. Now, how do you pay for that? So I said, “Look, just put them all on the table, and let’s have the discussion, and let people see what it is. But know what it is that you’re talking about.” All I want is the goal of every American having access to health care. You don’t get there by dismantling the Affordable Care Act.”

That sounds a bit more like Howard Schultz than Senator Bernie Sanders.

This might be viewed as good news for those in the moderate wing of the Democratic Party, where several seats were picked up by candidates who ran as moderates in 2018 battle ground states.

But as the video which Pelosi and some of her leftist leaning colleagues reflects below, she’s trying to walk a tightrope. No doubt, the pragmatic side of Pelosi wants the energy that the leftist ‘democratic socialist’ wing of her party brings, especially with younger voters. So she’s trying to show both solidarity and reality at the same time.

Good luck with that juggling act, Nancy?

Then, there’s former Obama Administration White House Chief of Staff and Chicago Mayor, Rahm Emanuel.  In a Sunday op-ed to the Atlantic the mayor said, “Democrats can’t bank on voters being more dismayed by him [POTUS Trump] than they are enamored of us.”

The last thing we should do is serve him slow pitches over the plate that allow him to define us on his terms,” Emanuel wrote. “Unfortunately, that’s exactly what Democrats have been doing since he went before Congress in early February. It’s almost as if we’ve been duped into reading from his [POTUS Trump’s] ready-made script.”

Earth to Democrats: Republicans are telling you something when they gleefully schedule votes on proposals like the Green New Deal, Medicare for all, and a 70 percent marginal tax rate,” the 2nd term Chicago mayor and Democratic strategist said.

That’s a thinly veiled slam at the far left of his party.

What does this mean to investors? At least there is a debate among Democrats, it isn’t all left-wing socialist plans and talk.  Senator Elizabeth Warren (MA-D), when asked if she is a socialist, said she is for markets.  That may come as a surprise to some, but it is actually a theme of hers for some time.

 

Stay tuned and sign up for our industry leading email news updates via the link below.

Email with this week’s eblast,

See the related reports for more. MHProNews will stay in touch with the politics that impact your money and investments.

Closing thought for this evening, the Special Counsel Robert Mueller’s report is now set to be released to specific officials within days.  Expect much of it to be made public.  The ramp up of Democratic investigations, say D.C. sources, are clues that the report won’t have the bombshell of “Russia collusion” that Democrats have hoped for from over 2 years of FBI and then the special counsel’s investigations.  No charges brought to date have had anything to do with alleged collusion with Russia. That, it seems, was a massive case of fake news.

Related Reports:

No Impeachment Says House Speaker Nancy Pelosi (CA-D), Trump 2020 Budget Rollout, Plus Manufactured Housing Stock Updates

Warren Kicked Hornet’s Nest – How Move May Connect With MH, Renters, Professionals

Anti-Monopolistic or “Antitrust” Action Heating Up in Washington, D.C., What It Could Foreshadow for MHVille

HUD Secretary Ben Carson on Opportunity Zones, Revitalization, DROPS 2020 Announcement, Plus Manufactured Home Stock Updates

President Donald Trump Talks About Factory Built Housing Legend to Scouts

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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).

3.12.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st 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 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.)

(Image credits and information 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.