The headlines are based upon reports from CNBC, which touts surprising market gains despite the economic impact of the Wuhan Virus/COVID19, protests, riots, and millions out of work with untold numbers of small businesses lost.

The data from manufactured housing reports continues to come in, which will be made available further below.

That will be our featured focus tonight. As is our custom, it is found after the left-right media snapshot, our market graphics above and below the featured report, plus some quotable quotes.

 

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

 

 

 

 

Headlines from left-of-center CNN Business

• Jobless rate could hit 20%
• SAN FRANCISCO, CALIFORNIA – MAY 19: A pedestrian walks by a closed Pier 1 store on May 19, 2020 in San Francisco, California. Pier 1 Imports announced plans to close all of its 540 stores after 58 years in business.
• This is the worst economic shock of our lifetimes. It will get worse before it gets better
• Pilgrim’s Pride CEO and three other chicken industry execs indicted for alleged price fixing conspiracy
• ANALYSIS America is in turmoil but stocks are still booming. Is the market broken?
• LIVE UPDATES US stocks soar higher despite protests
• One small sign the US economy is rebounding
• European unemployment is half that of America. Here’s why
• Bikes are flying off shelves, overwhelming shops
• AMC Theatres has ‘substantial doubt’ it can remain in business
• Britain’s biggest car plant may not survive Brexit
• Mark Zuckerberg tries to explain inaction on Trump posts to outraged staff
• Opinion: Trump’s push to eliminate payroll taxes could doom Social Security
• Snapchat to stop promoting Trump after controversial posts
• A protester holds a sign with an image of George Floyd during a peaceful demonstration over George Floyd’s death outside LAPD headquarters on June 2, 2020 in Los Angeles, California. California Governor Gavin Newsom has deployed National Guard troops to Los Angeles County to curb unrest which occurred amid some demonstrations. Former Minneapolis police officer Derek Chauvin was taken into custody for Floyd’s death and charged with third-degree murder.
• Analysis: 5 things Corporate America can do to combat racism, besides tweeting
• BROOKLYN, NEW YORK, UNITED STATES – 2020/06/01: Open storefront displaying a Black Owned Business sign. Hundreds of protesters gathered flooded the streets of Crown Heights in Brooklyn to demand the defunding of the police force and to demonstrate against police brutality in the wake of George Floyd’s death by Officer Derek Chauvin who kept his knee on Floyd’s neck for more than 8 1/2 minutes, including 2 1/2 minutes after Floyd became unresponsive.
• Want to help out a black-owned business? Here’s how
• WASHINGTON, DC – SEPTEMBER 03: Ben & Jerry’s co-founders Ben Cohen (L) and Jerry Greenfield (R) announce a new flavor, Justice Remix during a press conference with Advancement Project executive director Judith Dianis (C) September 03, 2019 in Washington, DC. Ben & Jerry's launched the new flavor in conjunction with the civil rights organization, Advancement Project, to “spotlight structural racism in a broken criminal legal system”
• Why Ben & Jerry’s statement on white supremacy is so extraordinary
• MARKETS
• THE ZOOM BOOM
• In this picture taken on March 30, 2020, YogaUP founder Chaukei Ngai greets her students as they appear on her laptop screen via the Zoom online video conferencing platform, at the start of a live streamed yoga class at her studio in Discovery Bay, on the outlying Lantau Island in Hong Kong. – More than 3.4 billion people have been called on or forced by authorities to stay at home, around 44 percent of the world population, according to a count based on an AFP database. Many are wondering how they can stay healthy during the weeks — and possibly months — of self-isolation that lie ahead. Hong Kongers, who live in some of the world’s smallest apartments, say it can be done.
• Zoom’s revenue soars 169% as people flock to service during pandemic
• Everyone you know uses Zoom. That wasn’t the plan
• Why Zoom’s founder says he let down customers
• There’s now a version of ‘Zoom Bachelorette’
• Facebook and Google are coming for Zoom
• AMERICA’S RACIAL DIVIDE
• Just four black CEOs run Fortune 500 companies in America
• Number of black leaders at US companies is dismal
• Bank of America pledges $1B to fight inequality
• Companies take a stand as protests sweep America
• Nike says ‘Don’t Do It’ in message about racism

Headlines from right-of-center Fox Business

• CRIME
• Riots, looting after George Floyd death could deal fatal blow to businesses reeling from virus outbreak
• Tense standoffs between protesters and police have sometimes descended into destruction with looters targeting small businesses.
• In George Floyd death, ex-Minneapolis police officer Chauvin to be charged with 2nd-degree murder
• CRIME
• Top chicken industry execs accused of price fixing, rigging bird bids for years
• MARKETS
• Dow jumps 527 points with economic rebound in focus
• Tiffany & Co. shares plunge on LVMH deal concerns
• Virus relief money went to companies that dodged US taxes: Report
• CRIME
• ‘Organized looters’ are wreaking havoc on New York City, police say
• Restaurants, food delivery services still operating during curfews
• OPINION
• Stimulus 4.0 needs to kick off a real, sustainable recovery. Here’s how to make it happen
• ‘DEVASTATING DAY’
• POLITICS
• gov slams boss after GOP pulls convention out of North Carolina
• CHINESE MILITARY TIES
• CHINA
• US hits 33 Chinese firms, institutions with new trade restrictions
• MONUMENTAL MOMENT
• LIFESTYLE
• Statue of Frank Rizzo, former Philadelphia mayor, removed after protests
• SLAM DUNK
• NBA
• NBA preps post-coronavirus season restart plan with 22 teams, games in Orlando
• APP’S CRASH AND BURN
• MEDIA
• Quibi staffers facing layoffs, pay cuts fuming over stars making millions: Report
• BIDEN’S CASH HAUL
• MONEY
• Biden’s fundraising spikes amid George Floyd protests
• BACK IN BUSINESS
• MARKETS
• Ex-Enron CEO Skilling launches new business after 14-year prison term
• NOT A FAN
• NFL
• AOC rips Washington Redskins over ‘Blackout Tuesday’ post
• FINAL FIVE
• HEALTH
• White House picks five COVID vaccine candidates for ‘Warp Speed’ initiative
• SNAPPY RESPONSE
• SOCIAL MEDIA
• Trump campaign: Snapchat ‘trying to rig’ 2020 election
• ‘THE TURNING POINT’
• OPINION
• Varney: ‘Don’t doubt for one moment the uptrend in the economy’
• TWEET HEAT
• SOCIAL MEDIA
• Twitter clarifies labeling policy after top Dems’ posts go unchecked
• THE EXPERTS ARE SPLIT
• MONEY
• Top journals sound off on hydroxychloroquine COVID treatment data
• NEW HOT SPOTS
• REAL ESTATE
• Wealthy Manhattanites invading these towns as Hamptons inventory dries up
• UNDER THE KNIFE
• LIFESTYLE
• Amy Grant has open heart surgery to fix heart condition
• MONEY
• Former UAW president Gary Jones pleads guilty to $1M scheme
• LIFESTYLE
• 3 signs you’ll have to retire early because of coronavirus
• MONEY
• Next virus relief bill could include benefit changes for some Americans
• ECONOMY
• How many people would risk getting virus to shorten economic recovery
• LIFESTYLE
• After George Floyd’s death, Minneapolis school system severs contract with police
• LIFESTYLE
• Occidental Petroleum removing workers from Gulf of Mexico plants ahead of storm
• LIFESTYLE
• Pope breaks silence on George Floyd’s death, ensuing riots and violence
• LIFESTYLE
• Ben & Jerry’s urges America to ‘dismantle white supremacy’
• MARKETS
• Kim Kardashian making moves after sister caught in Forbes controversy
• TECHNOLOGY
• Apple CEO accused of hiding falling iPhone demand as company faces suit
• MARKETS
• Trump administration bars Chinese airlines from flying to U.S.
• TECHNOLOGY
• TikTok introduces ‘creator diversity council’
• POLITICS
• Cuomo apologizes to NYPD brass after claiming officers failed to do their jobs
• ECONOMY
• Private employers slashed 2.7 million jobs in May — far fewer than expected
• MONEY
• AMC warns of ‘going concern’ as COVID-19 puts strain on theaters
• VIDEO
• WATCH: DraftKings CEO says NFL starting on time would be ‘big deal’ for sports world
• MARKETS
• AFL-CIO boss: Why US tax codes, trade agreements must change
• SOCIAL MEDIA
• Facebook CEO defends decision on Trump posts despite internal revolt
• S.
• Police under siege: Attacks on law enforcement in wake of George Floyd’s death
• MONEY
• Dunkin’ sales improving as coronavirus lockdowns ease
• MARKETS
• France says latest US trade threats over digital tax a ‘contradiction’

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

 

Featured Focus – Where Business, Politics and Investing Can Meet

Companies cut nearly 2.8 million jobs in May, but that was far less than Wall Street estimates. According to CNBC, the following.

• The S&P 500 has returned 37.7% over the last 50 trading days, making it the benchmark index’s largest 50-day rally in history, according to LPL Financial.
• If history is any indication, there could be more gains ahead.
• Looking at the other largest 50-day rallies, the firm found that stocks were higher 100% of the time six and 12 months later. The average 6-month return was 10.2%, while the average 1-year return was 17.3%.

 

Moody’s Analytics economist Mark Zandi said there are signs that the worst of the jobs crisis is over, as is a steep recession brought on by the coronavirus pandemic.

Zandi said job creation likely will resume in June.

Moody’s Analytics Mark Zandi on consumer as economy opens.

For perspectives and data that place this into a manufactured housing context, see the related reports below.

Related Reports:

Shortchanging Homeowners, Small Businesses, Unsuspecting Investors, Association Members-plus Sunday Manufactured Home Headlines Review 2.9 to 2.16.2020

“Mobile Home Mecca” County Sheriff Grady Judd Urges Armed Citizens Use Second Amendment Rights vs Break-Ins – Currents Behind Violence, Unrest Scenes

Cavco Industries (CVCO) Surprising Closure, New & Ongoing Legal Investigations, Additional Inside Revelations

Top Producer Reports Significant COVID19 Related Declines for April 2020, plus Manufactured Housing Investing, Stock Updates

“Trailer Sales” Surge, Per Mainstream Media – Takeaways for Manufactured Home Independents?

Al Kemp on COVID-19, Manufactured Home Communities, plus Manufactured Housing Investing, Stock Updates

Charlie Munger & Duke Univ. Professor of Psychology Dan Ariely on Financial, Investing Decisions – plus, Manufactured Home Investing, Stock Updates

Manufactured Housing Institute Insider’s Keith Ellison Revelation, “Anti-Consumer” Bias, Other Leaks

Independent Journalist Sharyl Attkisson’s “Deep State” “Call it Treason” Interview, COVID19 & President Donald J. Trump

Pandemic Becomes Billionaires’ Bonanza! Bezos, Buffett, Gates, Zuckerberg, Ellison Wealth Surges $100s of Billions in 2 months, says Institute of Policy Studies & Forbes – Report

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).

Spring 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.
http://latonykovach.com Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
AEI Flash Housing Market Indicator