Prior to our headline featured focus, billionaire investor, and Biden-Harris backer Marc Lasry told left-of-center CNBC that if his candidate and preferred party – the Democrats – where to retake the White House and the U.S. Senate, that he expected markets and businesses to suffer as a result of higher taxes, regulations, and more.

Quoting from CNBC:

• Billionaire investor Marc Lasry told CNBC that a Democratic sweep in November would present problems for U.S. equity markets.
• “You know that if the Democrats sweep, you’re going to have more regulation. You’re going to have higher taxes,” Lasry said.
• “I just don’t see that as being a positive for the market,” said the longtime Democratic donor.
• Billionaire investor Marc Lasry told CNBC on Wednesday that U.S. equity markets would be troubled if Democrats took control of both chambers of Congress and the White House in the November election.
• “I don’t think it’s going to be good. You know that if the Democrats sweep, you’re going to have more regulation. You’re going to have higher taxes. I just don’t see that as being a positive for the market,” Lasry said
• Lasry, co-founder and CEO of Avenue Capital Group, is a longtime Democratic donor. He raised money for Hillary Clinton’s 2016 presidential campaign and had initially supported Sen. Kamala Harris in the Democratic primary.
• He began to back former Vice President Joe Biden in December after Harris dropped out of the race. Biden, who officially became the Democratic nominee Tuesday, recently chose Harris as his running mate.
• Lasry’s comments Wednesday came on Day 3 of the Democratic National Convention. The Republican Party is set to hold its convention next week, where President Donald Trump will accept the GOP nomination.
• Lasry said he does not believe Wall Street is worried about the election just yet; on Tuesday, the S&P 500 eclipsed its record high from Feb. 19, solidifying the start of a new bull market, despite the coronavirus pandemic. But eventually, investors will pay closer attention to the race, Lasry said.
• Biden leads Trump by 7.6 percentage points in an average of national polls, according to RealClearPolitics. Democrats currently control the House, while Republicans hold a 53-47 majority in the Senate.
• “I think the market is going to focus on this sometime in September, October,” said Lasry, co-owner of the NBA’s Milwaukee Bucks. “The closer you are, the polls will get a little bit tighter and we’ll start getting a better feel of what’s going on in October. But I don’t think the market is really focused on it as much today.”
• Some on Wall Street have made the case that a Democratic sweep could be a boon for the market. However, stocks have historically performed best under a divided government.
• In a note last month, Bank of America said a unified government with Democrats in control may be helpful in battling the pandemic and lead to an easing of geopolitical tensions between the U.S. and China.
• “Containment of the coronavirus is critical, and the differences in each candidate’s approach merits consideration,” wrote Michelle Meyer, head of U.S. economics at Bank of America Merrill Lynch.
• “Stocks have recovered since March, suggesting that investors are looking past 2020′s recession and valuing companies on out-year earnings. But a meaningful uptick in new COVID-19 outbreaks could reverse this optimism.”

 

Tuesday night highlights at the Democratic National Convention, per left-of-center NBC News went like this.

 

 

The following is the left-of-center PBS Newshour preview of tonight’s convention expectations.

 

 

It should be noted that audience sizes for the Democratic National Convention are reportedly down by millions of viewers from last year. Even among some Democratic supporters, there are complaints on Twitter and elsewhere that their convention format has been problematic. Democratic Party officials think the Republican convention will have a similar problem next week.

With that backdrop, let’s pivot toward our headlines and quotable quotes before moving on to the featured focus.

The featured focus segment of this tonight’s market report is found beyond the left-right headline news bullets and 2 of our 3 market snapshots at the closing bell today.

The manufactured housing industry connected stocks are near the end of the report each evening, after the featured focus and the related/recent report links.

 

Quotes That Shed Light – American Social, Industry, National Issues…

 

Nathan Smith, SSK Communities, and Manufactured Housing Institute (MHI) Slam New National Manufactured Home Communities Group in Written Statement

Nathan & Mary Lee Chance Smith, Leaders in ‘Anti-Trump Resistance,’ Manufactured Housing Impact?

 

Headlines from left-of-center CNN Business

• ‘It’s a lose-lose battle’
• A property owned by Meghann Youngblood’s company that brought an eviction case against the tenant, Alyssa Fennell, who rented it for the past four years. CNN has blurred a portion of this image to obscure the address.
• The tenant renting this Council Bluffs, Iowa home has waited weeks for the sheriff to evict her
• Facebook says it’s cracking down on thousands of QAnon-linked accounts and groups
• Apple is now worth more than $2 trillion, a first in the US
• Wall Street thinks a double-dip recession is more likely than V-shaped recovery
• LIVE UPDATES It’s looks like another record day for US stocks
• Here’s why US stocks just hit an all-time high in the middle of a pandemic
• Savers are struggling and probably will for years
• Target’s enormous sales boom sets a record
• 1 in 4 hotels can’t pay their mortgages
• Weed vending machines debut in Colorado
• He’s taking over one of the world’s top fitness brands after a huge scandal
• Opinion: Trump says he is trying to save the suburbs. He’s actually hurting Black homeownership
• The Girl Scouts used to segregate Black and White girls. Now they have their first Black CEO
• Alexandria Ocasio-Cortez slams NBC News for misleading tweet
• A woman pushes a child’s stroller across an empty Charles Street in Boston, Massachusetts, USA, 23 March 2020. Countries around the world have closed borders, schools as well as public facilities, and have cancelled most major sports and entertainment events in order to prevent the spread of the SARS-CoV-2 coronavirus causing the Covid-19 disease. In Massachusetts, Governor Charlie Baker has asked residents to conform to social distancing, work from home and remain home when ever possible to control the spread of the disease.
• Working mothers are quitting to care for their kids, and the job market may never be the same
• Lavender sales are soaring due to Covid-19. Here’s why
• Google Maps is a getting a new look

Headlines from right-of-center Fox Business

• MARKETS
• Goodyear sinks after Trump urges boycott over reported MAGA ban
• Goodyear Tire & Rubber Co. shares were under pressure Wednesday as President Trump called for a boycott of the company.
• White House urges Goodyear to ‘clarify their policy’
• Company responds after Trump calls for boycott over MAGA, BLM policy
• TECH
• EXCLUSIVE: Talks to sell TikTok’s US assets to this tech giant in ‘top of the 7th inning’
• TikTok says US purchase of app would be ‘huge value’ to taxpayers
• VIDEO
• WATCH: ‘Wall Street’s best-known astrologer’ gives market, election forecasts
• MARKETS
• Apple becomes second company in world to reach $2 trillion market value
• SHORTEST BEAR MARKET IN HISTORY: Stocks marching toward record highs
• OPINION
• Democrats’ lies and misleading claims take center stage on second night of convention
• MARKET MAYHEM
• NEWS
• ‘Antifa’ protesters trash Whole Foods, scrawl chilling message about Bezos
• GIDDY UP!
• MONEY
• Horse race betting goes mainstream with major sports on hiatus
• BRAND IS ‘CRISIS’
• OPINION
• Varney: Democrats’ grim assessment of the economy is just politics as usual
• WHAT’S THE RISK?
• HEALTH
• Odds of catching coronavirus on plane relatively small, study finds
• HOLLYWOOD ROYALTY?
• ENTERTAINMENT
• Meghan Markle, Prince Harry pitching top secret project to media companies
• BUSINESS UNDER ATTACK
• ECONOMY
• Big employer forced to flee Portland, says staff assaulted amid wild protests
• DORM LIVING
• MONEY
• Some college students staying on campus even if classes are remote
• BONE TO PICK
• MARKETS
• USDA ignored concerns about COVID on meat products, doctor group alleges
• OUT OF THIS WORLD
• SPACE BUSINESS
• Elon Musk wants SpaceX launchpad to be a themed resort
• CHECKS ON THE WAY
• MONEY
• IRS to send interest payments to nearly 14 million Americans
• RAGING WILDFIRES
• NEWS
• California declares statewide emergency as dozens of fires erupt
• JUDGE MAKES RULING
• MARKETS
• Sandy Hook families’ attempt to stall Remington bankruptcy falls short
• MONEY
• 3 strategies you need for your 401(k)
• PRODUCT RECALLS
• General Mills recalls mislabeled Progresso soup cans over allergen concerns
• NEWS
• Rare home movie footage of Amelia Earhart surfaces in Texas
• NEWS
• FedEx cargo jet makes emergency landing in Los Angeles; crew member hospitalized
• LEGAL
• Court rules whether ‘bikini latex clubs’ are subject to sexually oriented biz tax
• NEWS
• Los Angeles considers cutting power to three notorious pandemic party houses
• TRAVEL
• Private flights see rise in demand amid coronavirus pandemic
• MEDIA
• ‘Gold Rush’ star Jesse Goins dead at 60
• MEDIA
• ‘Tiger King’ zoo officially closes its doors following Jeff Lowe’s license suspension
• ENERGY
• Rolling blackout threat sparks anger over state’s renewable energy transition
• ENTERTAINMENT
• Ellen DeGeneres’ toxic workplace scandal is far from over, expert says: ‘Every nicety will be scrutinized’
• POLITICS
• China’s national security law reaches into Harvard, Princeton classrooms
• MONEY
• Pandemic shifts how consumers use gig companies, poll finds
• NEWS
• Fears mount as Texas plastics plant fire burns out of control, could rage for days
• TRAVEL
• SEE IT: Brawl breaks out on American Airlines plane when passenger refuses to follow face-covering policy
• TECH
• Zoom is trying to be everywhere, as it expands support for additional devices
• WORLD
• Hurricane center says ‘high’ chance for 2 systems to develop in Atlantic, third ‘vigorous tropical wave’ watched
• POLITICS
• Chirlane McCray enjoys $2M staff of 14 amid NYC budget crisis
• MARKETS
• Target sales growth hits record as same-day service fuels online shopping frenzy
• RICH & FAMOUS
• Lori Loughlin, Mossimo Giannulli allegedly instructed Olivia Jade to lie to high school guidance counselor

 

Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

Featured Focus –
Where Business, Politics and Investing Can Meet

“Warren Buffett’s $113 billion Apple stake and $147 billion cash pile now account for over half of Berkshire Hathaway’s entire market value,” said the left-of-center Business Insider on this date.

MHProNews tracked and reported the growing ‘cash pile’ at Berkshire for years. The graphic below is but one illustration from late last year.

Business Insider’s Theron Mohamed said in a post on August 19, 2020, 12:48 PM the following.

• Warren Buffett’s Berkshire Hathaway has Apple shares and cash worth 52% of its entire market capitalization.
• The billionaire investor’s company owned $113 billion in Apple stock and $147 billion in cash at the last count, representing more than half of its $499 billion market cap.
• Berkshire’s market value suggests the rest of its business is worth less than $240 billion, even though it generated more than $250 billion in revenue last year.

• Warren Buffett’s Berkshire Hathaway owned about $260 billion in cash and Apple stock at the last count, representing an astounding 52% of its $499 billion market capitalization.
• The famed investor’s conglomerate held about 245 million Apple shares as of June 30, giving it a roughly 5.7% stake in the iPhone maker. Apple’s stock price has soared about 57% to an all-time high this year, boosting the value of Berkshire’s position by more than $40 billion, to about $113 billion as of Tuesday’s close.
• Buffett’s company also boasted a record $147 billion in cashand US Treasuries at the end of June, an increase of about $19 billion from the end of December.
• Berkshire has also ramped up its spending since the end of June. It agreed to pay about $4 billion in cash for Dominion Energy’s natural-gas assets, plowed about $2.1 billion into Bank of America stock in the three weeks to August 4, and appears to have repurchased roughly $2 billion of its own stock in July.
• However, that would still leave it with about $139 billion in cash and a total of $252 billion in cash and Apple stock, representing more than 50% of its market cap.”

 

Buffett and Gates have been closely allied for over 15 years, and have sat on each other’s boards.  The pandemic has witnessed a surge in wealth for Gates, Buffett and others.

 

Warren Buffett, George Soros, Jeff Bezos, Strategic Ally Bill Gates Rails Against “Outrageous” Free Speech from Dissenting Views to Gates Foundation, Dr. Fauci

 

Buffett, Gates, and others have taken positions which are controversial to some, that seem to mitigate against the pro-minority and support for the disadvantaged stances that they each sometimes claim.

 

“Dark Secrets” – Warren Buffett, Racism, Eugenics, Infidelity, Ghislaine Maxwell’s Father Robert Maxwell, Bill Gates, Gates Foundation; plus, Manufactured Housing Stock, Investing Updates

Organizations that they have financially supported, such as OxFam, have called them and others out for the purportedly problematic behavior.

Oxfam Report – “Pandemic Profiteers Exposed” – Small Businesses Slide or Fail as Giants Grow, Everyday People Harmed – ‘Usual Suspects’ Oxfam Names Include Ties to Bill Gates, Warren Buffett, George Soros

While they deny it, there were numerous claims that Berkshire owned Acme Bricks appeared at or near places where riots have broken out.

Acme Bricks – Yes, Bill Gates Investor in Warren Buffett’s Berkshire Brand Acme Bricks – Allegedly Supplying Antifa, Black Lives Matter Rioters “Pallets of Bricks” Investigated

There is no secret that Buffett, Gates, Soros and other leftist billionaires have supported popup activist groups that routinely support Democratic and anti-Trump causes.

‘Stop Trump!’ Group Supported by Billionaires Soros, Buffett, Gates Vows to Defeat President Trump in 2020

As violence in places like Portland, New York City and other Democratic towns connected to Black Lives Matter of Antifa, it is worth noting that dark money methods connect Buffett and Gates to these often violent groups were being funded years prior to the recent ‘woke’ corporate response.

Dark Money-Billionaires Buffett, Gates, Soros Funding Black Lives Matter, Antifa – Named by AG Barr in Riots, Looting – Hijacking Peaceful George Floyd Death Racial Justice Protests

MHProNews uniquely projected last spring that there would be a surge in their wealth due to a ‘heads they win, tales you lose’ rigged system.

Illusions, Collusions – “Heads I Win, Tails You Lose” – “Never Let a Serious Crisis Go To Waste” – Gates, Buffett Massive Money Grabs?

If it seems odd for billionaires to support self-proclaimed Marxists, dig into the report linked below for more insights as well as in the reports that follow.

“We are trained Marxists.” – Black Lives Matter (BLM) co-founder Patrisse Cullors, “Deception and Misdirection” – Capital Research Center

“Marxists believe that they have a right to take the property of others,” “Socialism is Theft” – Rick Manning – Daily Torch, ALG; plus, Manufactured Home Investing, Stock Updates

Related, Recent, and Read Hot Reports

Counterprogramming! President Trump, Secretary Carson “We’ll Protect America’s Suburbs” vs. Biden-Harris and 2020 Democratic Convention Opening Day, plus Manufactured Housing Investing, Stock Updates

“Anyone with eyes can see what’s happening,” “The American people are being told a lie by the media.” Plus, Manufactured Housing Investing, Stock Updates

2019 Year-End Totals Reveals Decline in New HUD Code Manufactured Home Production, Shipments vs. 2018

Warren Buffett Declared “Class Warfare,” Buffett Says Fellow Billionaires – “We’re Winning”

Black Lives Matter – the Nonprofit, Black Lives Matter – the Slogan, Black Man Dies – the Costly and Deadly Reality 

Terror Tactics 1960s-1999 vs 21st Century Terrorist Attacks – Cops, Shops, Workers, Christians, Believers vs Wall Street, Silicon Valley, Marxists, Atheists, Terrorists, Leftist Billionaires – Sunday Weekly Headline Review

Grapes of Wrath – Massive Foreclosure, Evictions Wave Looms, Threatens Housing, Usual Suspects-Gates, Buffett, Soros Lurk in Rigged System – Aspen Institute, COVID19 Eviction Project Plot

The Party is Over, So What’s Next? Corruption and Evil Boils Down to This. Plus, Sunday Weekly Headlines Review

 

Manufactured Housing Industry Investments Connected Closing Equities Tickers

Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.

• • • • • • • • • • • NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
                    • NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 

 

Summer 2020…
Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our tenth anniversary and is in year 11 of publishing.

 

Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.

· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.

Disclosure. MHProNews holds no positions in the stocks in this report.

2019 Year-End Totals Reveals Decline in New HUD Code Manufactured Home Production, Shipments vs. 2018

That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.

LATonyKovach.