This evening’s featured focus is provided courtesy of Chief Executive magazine, which has provided MHProNews with a ‘sneak preview” into their full annual research results on CEO pay and related in the coming weeks.
That report is found further below.
But first, let’s look at some new data from left-of-center PEW Research. Because the 2020 elections are increasingly on the minds of everyday Americans, professionals, and investors – it is useful to get a snapshot beyond those provided by other polling units.
A few points about this or other polls before diving in. As in the 2016 election cycle, there is often an oversampling of Democrats and an under sampling of Republicans. When adjustments are made, a more accurate picture is developed. Using adjustments and mainstream media polling, MHProNews was able to project the electoral win for candidate Trump in the 2016 cycle.
Then and now, the election is a jump ball. Much can happen in the next 4 months. Going back in time four months, who could have predicted the death of George Floyd? The protests, riots, and violence that broke out?
Going back 6 months, the economy was performing well and most Americans were experiencing the best increases in their net earnings in years. It is data points like these that perhaps explain why most Americans – even post pandemic and civic unrest – believe that President Trump would be better on economic issues that his Democratic rival, presumptive nominee and former VP Joe Biden.
That said,
- there are caution flags for both major candidates.
- There are opportunities for both major candidates too.
Beyond these initial observations, we’ll let the Pew data that follows speak for itself. The graphics are not be in the same sequence as presented by Pew, and the copy that follows from that source are their opening toplines.
Anger and fear are widespread. Majorities of Democrats and Republicans say they feel both sentiments when thinking about the country, though these feelings are more prevalent among Democrats. And just 17% of Americans – including 25% of Republicans and Republican-leaning independents and 10% of Democrats and Democratic leaners – say they feel proud when thinking about the state of the country.
However, nearly half of adults (46%) say they feel hopeful about the state of the country, although a 53% majority says they are not hopeful.
In the presidential contest, Donald Trump faces a 10 percentage point deficit in his race against Joe Biden: 54% of registered voters say if the election were held today, they would support Biden or lean toward voting for him, while 44% support Trump or lean toward supporting him.”
With that backdrop of the national mood, it tees up the preliminary data from Chief Executive quite nicely. That will be our featured focus this evening. As is customary here on our evening business report, that will be found beyond the left-right bullet headline summaries and past 2 of the 3 market graphics. The third-data set is of manufactured housing specific stocks is beyond the featured focus section of the report below and the related reports in the last segment of this article.
Quotes That Shed Light – American Social, Industry, National Issues…
Headlines from left-of-center CNN Business
- A lifeline disappears
- The Save A Lot grocery store, a neighborhood's only supermarket in Norfolk, Virginia, is closing during the coronavirus pandemic.
- Here’s what happens when a neighborhood’s only grocery store closes
- America’s labor market is recovering. But the jobs crisis is far from over
- Opinion: These American workers will see the slowest wage growth
- INTERACTIVE Track America’s recovery
- The Treasury just lent $700 million to a trucking company sued for ripping off taxpayers
- Being an unemployed parent is about to get even tougher
- Giant Wendy’s and Pizza Hut franchisee files for bankruptcy
- Here’s who has pulled ads from Facebook…
- … And who hasn’t
- US car sales have their worst quarter since the Great Recession
- John Bolton’s memoir has sold a staggering 780,000 copies in one week
- Ed Henry fired from Fox News over sexual misconduct allegation
- Elon Musk, founder and CEO of SpaceX, participates in a press conference at the Kennedy Space Center on May 27, 2020 in Cape Canaveral, Florida. NASA astronauts Bob Behnken and Doug Hurley were scheduled to be the first people since the end of the Space Shuttle program in 2011 to be launched into space from the United States, but the launch was postponed due to bad weather.
- Tesla is now worth more than Toyota, Disney and Coke
- A VLCC MARAN ARIES crude oil carrier from Greece unloads 278174 tons of crude oil on June 7, 2020 in Zhoushan, Zhejiang, China.
- China is storing an epic amount of oil at sea. Here’s why
- Grocery store shelves with bottles of Odwalla beverages in various flavors in Alameda, CA, December 2019.
- Coca-Cola is shutting down Odwalla juice
- MARKETS
- HOW WE EAT
- Customers sit at tables separated by dividers outside Boucherie restaurant in the West Village as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 26, 2020. Phase 2 permits the reopening of offices, in-store retail, outdoor dining, barbers and beauty parlors and numerous other businesses. Phase 2 is the second of four-phased stages designated by the state.
- Americans were disappointed in chain restaurants even before the pandemic
- Ketchup and spice packets are selling like hotcakes
- Restaurant menus are getting smaller
- Brands are cutting back on wacky flavors right now
- Beyond Meat is on a roll in China
- HOME SHOPPING
- Jeff and Janet Ralli bought this house in Ocean County, New Jersey without going in it first.
- Buyers are growing more comfortable buying a home sight-unseen
- The housing market is showing signs of a comeback
- 3M homeowners missed mortgage payments last month
- US faces ‘avalanche of evictions’
- ‘Pandemic pricing’ is here. Rents drop across the US
Headlines from right-of-center Fox Business
- POLITICS
- Trump supports stimulus payments larger than $1,200 in next stimulus bill
- Trump told FOX Business’ Blake Burman that he wants the next round of stimulus to create a “great incentive to work.”
- WATCH the full interview
- Trump: Market would crash if Biden wins
- Fed officials pledge full support to aid US coronavirus recovery, minutes show
- Biden pledges to roll back Trump’s tax cuts: ‘A lot of you may not like that’
- MARKETS
- World’s largest gold mining complex beats first-year targets despite coronavirus
- POLITICS
- State’s new gun control laws will cause firearms sales to plummet, stores say
- Gun sales soar 145% in June amid protests, coronavirus pandemic
- PERSONAL FINANCE
- The next 3 months are crucial for Social Security recipients
- MARKETS
- Trump administration warns US businesses on China operations, citing rights abuses
- OPINION
- This country is in dangerous position to overtake America’s influential role in Europe
- ‘DISTURBING BUSINESS’
- RETAIL
- Target showdown over ‘Black Lives Matter’ mask goes viral
- HUNDREDS PULL ADS
- TECHNOLOGY
- CVS joins Facebook advertiser boycott, social media giant takes another hit
- FLAG ON PLAY
- SPORTS
- NFL cuts 2020 preseason schedule in half: Report
- CASES KEEP CLIMBING
- TRAVEL
- Delta flyers must wear coronavirus face mask or face ban
- GENIUS BAR LAST CALL
- MARKETS
- Coronavirus surge prompts Apple to re-close more stores
- FREE CASH?
- MONEY
- Could universal basic income become reality? These mayors support it
- QUARTER KICKS OFF
- MARKETS
- Nasdaq hits 22nd record close as new quarter begins
- TARGET TAKES AIM
- RETAIL
- Retailer pulls YouTube star’s books after ‘Taking Accountability’ video
- ORANGE IS THE NEW BLACK
- BUSINESS LEADERS
- SEE IT: Kanye West, Elon Musk strike a pose looking citrus-chic in viral photo
- FLYING HIGH
- FOOD & DRINKS
- Fast-food chain named top restaurant in customer satisfaction for another year
- SEE IT: Amazon delivery worker goes viral for the way he quit his job
- ‘COULDN’T DO IT ANYMORE’
- NEWS
- SEE IT: Amazon delivery worker goes viral for the way he quit his job
- THIS DEAL’S BALONEY?
- FOOD & DRINKS
- Subway changes 2-for-$10 offer after store operators push back
- MONEY
- Does Trump want to cut Post Office funding?
- POLITICS
- Texas bar owners suing governor hold ‘bar lives matter’ protest
- SPORTS
- Why ex-MLB star gets $1.19M annually until he’s 72 years old
- MONEY
- Home office deductions for the self-employed
- LIFESTYLE
- Airbnb reminds users of Project Lighthouse anti-discrimination initiative
- MARKETS
- FedEx applauds USMCA deal: ‘Breaks down trade barriers’
- SPORTS
- Zachary Levi to portray Kurt Warner in movie based on NFL legend’s life
- LIFESTYLE
- No, really, your boss wants you to take vacation — now
- MONEY
- Minimum wage increases take effect in three states, several cities
- MARKETS
- Citigroup pulls back on office return plans as coronavirus cases rise
- MEDIA & ADVERTISING
- Apple acquires Will Smith film ‘Emancipation’ in record deal
- CORONAVIRUS
- $100K raised on GoFundMe for Starbucks employee called out by maskless customer
- TRAVEL
- Coronavirus shutdown sees Carnival sell off first of 6 ships for disposal
- TECHNOLOGY
- Facebook responds as ad boycott begins: Platform ‘does not profit from hate’
- AUTO
- Tesla replaces Toyota as world’s most valuable automaker
- MARKETS
- US negotiates North American rival to OPEC as Trump trade deal takes effect
- TECHNOLOGY
- Astronauts complete 2nd spacewalk to swap station batteries
- MONEY
- NYPD budget cuts an ‘accounting gimmick’: Former commissioner
- MONEY
- Why millions of taxpayers awaiting refund from IRS could face ‘extreme delays’
- MONEY
- Former NYPD commissioner calls ‘ludicrous’ cop cuts ‘twisted way to try to get revenge’
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
| The data below is from Melanie Nolen, Director of Research, Chief Executive Group and Dan Bigman, Editor, Chief Executive Magazine via email to MHProNews earlier today.
CEO Pay Plunging In 2020, New Study Finds According to our preliminary data, which is based on surveys of more than 1,500 U.S. companies across all sizes, industries, regions and ownership types, there is a stunning turn in executive compensation going on in the U.S. right now, brought about by the Covid-19 crisis: • Plunging profits. A stunning 26 percent of surveyed CEOs project their company will be unprofitable in 2020, although most said their EBITDA margin will be negative by less than 10 percent. In contrast, only 11 percent ended 2019 in the red—an increase of 15 percentage points in just 3-4 months. • Widespread cuts. 38 percent of private company CEOs report having chosen to take a salary cut to help their company navigate the Covid crisis. • Deep cuts. Of those CEOs who have chosen to cut their base salaries in 2020 as a result of Covid-19, the majority (58 percent) reduced it or are planning to reduce it by 10 to 30 percent, with 22 percent of them agreeing to a cut of 50 percent or more. • Double-digit declines. The average cash compensation package (base salary and bonus) for private company CEOs is down 15 percent from 2019, to $432,000 from $506,000. Looking at the median, total cash comp is down 19 percent, from $345,000 last year to $279,000 in 2020. More specifically, this represents a median cut of 7 percent in base salary and 62 percent in bonus pay. The magnitude of the reductions varies by company size, industry and other key variables and will be detailed in the full report to be published in early fall.
MHProNews Analysis in Brief The data today about jobs gains per ADP is hopeful, but with tens of millions still out of work, there is a long way to go on the economic recovery. The official Labor Department figures will be worth watching. The fact that so many CEOs don’t expect to be profitable in 2020 is a reflection on how harmful the economic shut down has been. That’s not to say that either way that it was or wasn’t warranted. It is to stress that it created stresses that didn’t occur in the pandemic of 1968-1969, when no similar economic shutdown occurred. See the related reports for more. |
Related and Recent Reports
Warren Buffett Declared “Class Warfare,” Buffett Says Fellow Billionaires – “We’re Winning”
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.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
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Summer 2020…
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP 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.
https://www.manufacturedhomepronews.com/celebrating-10-years-of-goal-and-solution-oriented-manufactured-home-industry-innovation-information-and-inspiration-for-industry-professionals/
· For expert manufactured housing business development or other professional services, click here.
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Disclosure. MHProNews holds no positions in the stocks in this report.
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.
