“Traffic sucks. Business doesn’t suck yet but the pipeline [of manufactured homes sold] is emptying and then it will suck too.” So said a respected manufactured home retailer with years of success under their operation’s belt.
By contrast, another industry source is telling MHProNews that they are having record results. More on that further below in our featured focus section of our business-nightly report.
Earlier today, MHProNews did a deep dive on the ‘read hot’ topic of “CrossModTM homes.” That sheds new light on how that Manufactured Housing Institute (MHI) backed program is performing.
The other part of our evening focus headline is about the Office of the Director of National Intelligence (ODNI) press release to MHProNews. It sheds light on the battle between China’s bold claim that the U.S. military is somehow responsible for this virus’ release vs. those sources that have said the more obvious fact that the outbreak was in Wuhan. That “Chinese Communist Party (CCP) Virus” outbreak was covered up in the early days in a fashion that have caused global chaos, tens of millions of lost jobs in the U.S. and more around the world, and hundreds of thousands of deaths.
Put differently, regardless if the release was accidental or intentional, the effect has been that it was ‘weaponized.’ That weaponization could – for those who had advanced insights – led to profit opportunities that only relative few would capitalize on.
Beyond our left-right bullet headline recap, visual market snapshots and standard thought-provoking fare is our featured focus report for tonight.
Headlines from left-of-center CNN Business
- Missing: Delivery drones
- The REV-1 robot is making more deliveries in Ann Arbor, Michigan during the pandemic.
- Robots and self-driving cars are sidelined, even as online shopping has exploded
- Americans are hoarding cash: Savings rate hits its highest level since 1981
- The oil bankruptcies are just beginning. Here’s who could be next
- LIVE UPDATES Stocks sink after another ugly round of US jobless claims
- More than 30 million Americans have filed initial jobless claims since mid-March
- Fed expands Main Street lending program to companies with up to 15,000 employees
- Volkswagen and Fiat Chrysler postpone restarting US factories
- American Airlines posts first loss since its bankruptcy
- Global energy use suffers a ‘historic shock’
- The dark side of working from home: loneliness
- US meat plant workers to Trump: We won’t show up
- Nintendo Switch and ‘Animal Crossing’ are quarantine bestsellers. Here’s why
- Gannett has been stonewalling elections for three newspaper unions
- A clerk scans a can of sanitizing wipes as she checks out groceries behind a plexiglass panel at a Hy-Vee grocery store Thursday, March 26, 2020 in Overland Park, Kan. Stores have begun installing the shields in checkout aisles as a precaution to protect clerks and help stop the spread the new coronavirus.
- This is the most dangerous place in the grocery store
- NEW YORK, NY – NOVEMBER 09: Andrew Ross Sorkin and Mark Cuban speak onstage at The New York Times 2017 DealBook Conference at Jazz at Lincoln Center on November 9, 2017 in New York City.
- Mark Cuban has a plan to get more Americans working and spending
- A woman wearing a mask and gloves tries to use her cellphone on April 22, 2020 in the Queens borough of New York City. The US — with nearly 45,000 deaths and more than 800,000 coronavirus infections — is the hardest-hit country, and healthcare infrastructure in major hotspots such as New York City has struggled to cope.
- With new coronavirus tracker, Apple and Google may get their big break in health care
- MARKETS
- BUSINESSES ADAPT IN A CRISIS
- Chik-fil-A Meal Kit
- Chick-fil-A is launching a meal kit as more people eat at home
- Costco will start requiring customers to wear masks
- Ford cancels plans to make electric vehicle
- JetBlue will require passengers wear face coverings
- Airbnb will make some property owners wait 24 hours between guests
- STAYING CONNECTED
- BROOKLINE, MA – MARCH 27: Ellie Lyons, an elementary school teacher, meets with her Natick first-grade students on Google Meet from her home in Brookline, MA on March 27, 2020. She has converted the backdrop of the bedroom in her Brookline apartment into a makeshift first-grade classroom to make her students more comfortable. Suburban schools are converting to online education as rapidly as possible as some parents demand more formalized schooling amid the shutdown.
- Google makes Meet, its Zoom and Skype competitor, free for everyone
- Facebook is taking on Zoom with new video features
- These 12 essential apps will make quarantine bearable
- Families find creative ways to stay in touch
- Facebook is hosting a virtual graduation with Oprah
Headlines from right-of-center Fox Business
- SPACE BUSINESS
- NASA picks all star line-up to put astronauts on the Moon in 2024
- The companies’ contracts for NASA’s Artemis program are worth a combined $967 million.
- POLITICS
- Fishing industry pressures New Jersey to let them work again
- HEALTHCARE
- New York reportedly spent $69M on ventilators that never arrived
- MARKETS
- Stocks sink on weak data, but Dow and S&P on pace for best months since 1987
- Another 3.8 million Americans file for unemployment benefits
- OPINION
- Truckers are heroes, but proposed limits would threaten families, first-responders
- RED HANDED
- FEATURES
- Wealthy New Yorkers caught hiding billions in Israeli, Swiss accounts
- DEEP TROUBLE
- LIFESTYLE
- NYC’s subways grow increasingly dangerous as pandemic grips city
- TREAD SOFTLY
- MARKETS
- Fauci warns states against ‘tempting’ a coronavirus rebound
- TAKING IT TO THE STREET
- AMAZON
- Road near Bezos home vandalized with ‘PROTECT AMAZON WORKERS’ graffiti
- REALLY BUTCHERING IT
- MARKETS
- World’s largest pork producer struggles to meet gov coronavirus guidelines
- SMELL THE ROSES
- LIFESTYLE
- Industry braces for its make-or-break holiday under coronavirus lock down
- SCHOOLS’ HARD KNOCKS
- COLLEGE
- Virus pushes colleges to breaking point, forcing difficult choices about future
- BANKS FOR NOTHIN’
- SMALL BUSINESS
- Small businesses in big banks’ back yards may be getting short changed
- WAVE THE WHITE FLAG
- PERSONAL FINANCE
- Coronavirus aid: Is an economic injury disaster loan right for you?
- STUDY ABROAD
- FORD
- Ford looks to competition for lessons on how to reopen factories
- RETURN POLICY
- MONEY
- Walmart received millions in virus relief — here’s how much money it gave back
- NEW HOUSE RULES
- HEALTH
- Luxe Vegas resort to make big changes for reopening, unveils 800-step plan
- OUT SWINGING
- LEGAL
- Fan injured by foul ball sues Cubs, MLB years later
- WON’T BE SILENCED
- NEWS
- Coronavirus lockdown protest moves forward after Facebook deletes event
- AIR BALL
- SPORTS
- LeBron James weighs in on NBA season cancellation rumors
- TECHNOLOGY
- Zoom reveals staggering number of users during coronavirus lock down
- MONEY
- Why coronavirus hit Michigan’s economy harder, longer
- MARKETS
- Dairy farmers feel coronavirus squeeze as milk sales dry up
- MARKETS
- Remdesivir’s potential against coronavirus drives Gilead stock surge
- MONEY
- Varney: FBI pulled Gen. Flynn into perjury trap
- FOOD & DRINKS
- Sweetgreen debuts dinner dishes as coronavirus keeps customers at home
- TECH
- Coronavirus causes eBay user increase but fewer hires
- FOOD & DRINKS
- Chick-fil-A launches meal kits as more cook at home
- ECONOMY
- Consumer spending plummets in biggest drop on record
- ECONOMY
- Here’s how many Americans won’t see a paycheck in May
- TECH
- Big companies caught sharing emails with Google, Twitter, Facebook
- MARKETS
- Oil prices rally as producers tackle supply glut
- RETAIL
- Macy’s to reopen 68 stores, says all will be operational within 6 weeks
- FOOD & DRINKS
- Blue Apron CEO banks on coronavirus cooking habits remaining post-quarantine
- HEALTH
- Poll finds how many Americans ‘highly trust’ their doctor
- MONEY
- Rite Aid CEO: People are not taking advantage of drive-thru virus testing
- POLITICS
- ‘I can do a lot’: Trump considering options to punish China over virus
- HEALTH CARE TECH
- Pharma giant partners with Oxford to produce potential coronavirus vaccine
- ECONOMY
- Fed expands Main Street lending program to include bigger businesses
- SPORTS
- NBA star planning TV event as ‘really unfair’ pandemic derails graduations
- MARKETS
- ConocoPhillips to sharply cut oil production as low prices hit earnings
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
“We have multiple lots setting sales records in April. Several lots will set records in May. [Our home building] facilities have outsold production last two weeks. Don’t believe the noise or the fake news.”
Another producer that also retails told MHProNews that they expect March HUD Code shipment data to reflect a 20-30 percent decline. By early next week, that data should be available and will be published by MHProNews.
“I agree about most people overreacting some. Obviously, covid is more contagious than the normal flu virus but people / government are going way overboard in my opinion. My wife disagrees with me though.” That from an independent retailer. That source added the following in his emailed message.
“We are maintaining distance in the office but not wearing masks. Most customers are wearing masks in response to local recommendations about being out in public but we don’t have too. When we have to get close as in signing docs we do wear masks. Outside and showing product distancing is no problem. Wiping down door knobs and desks several times a day too. I wear a mask when I go to a store.”
Blame Game – Cause and Effect, Who is Responsible?
Meanwhile, Bill Gates has defended China and the World Health Organization (WHO). As MHProNews has previously noted Microsoft has invested billions in China for over 20 years. Regarding WHO, the organization’s records indicate that the Gates Foundation was the #2 donor, as was noted by the source below.
Is it possible that Gates is favoring WHO and the Chinese Communist Party (CCP) over the responsibility for the virus and its harm done to the United States and other nations?
Per the New York Post, “Microsoft co-founder Bill Gates defended China’s response to the coronavirus response, saying the country “did a lot of things right.”
The challenges of fighting Covid-19 in developing countries, how China and the WHO have handled this crisis, and what to make of wild coronavirus conspiracy theories. Pt. 3 of my GPS interview w/ @BillGates: pic.twitter.com/QJJuAR52SM
— Fareed Zakaria (@FareedZakaria) April 26, 2020
The right-of-center National Review published several pull-quotes from an interview Gates did Sunday with left-of-center CNN.
- Microsoft co-founder Bill Gates called allegations that China cost the world valuable time by covering up the origins of the Wuhan coronavirus a “distraction” in an interview Sunday, adding that “China did a lot of things right at the beginning.”
- Speaking to CNN’s Fareed Zakaria on Sunday, Gates pushed back on criticism of Beijing’s initial response, saying “I don’t think that’s a timely thing, because it doesn’t affect how we act today.”
- “It’s not time to talk about that, this is the time to take the great science we have, the fact that we’re in this together, fix testing, treatments, and get that vaccine, and minimize the trillions of dollars and many things that you can’t even dimensionalize in economic terms that are awful, about the situation that we’re in,” Gates stated. “So that’s a distraction, I think there’s a lot of incorrect and unfair things said, but it’s not even time for that discussion.”
- Last week, the head of the Chinese Center for Disease Control and Prevention admitted to state media that the government “knew there must be human-to-human transmission” of the novel virus, despite his organization saying January 15 that “the risk of sustained human-to-human transmission is low.”
- When asked about the World Health Organization’s culpability on Sunday, Gates said “basically no,” pushing back on President Trump’s claim that the organization is “very China-centric.”
- “In the retrospective, we’ll see things the WHO could have done better, just like every actor in this whole picture, but the WHO has a strong connection with one country. That country is the United States,” Gates stated. He went on to call the WHO a “phenomenal organization that we’re more dependent on today, to drive things, than we ever have been.”
ODNI News Release No. 11-20
April 30, 2020
Intelligence Community Statement on Origins of COVID-19
WASHINGTON, D.C. – The Office of the Director of National Intelligence today issued the following Intelligence Community (IC) statement:
“The entire Intelligence Community has been consistently providing critical support to U.S. policymakers and those responding to the COVID-19 virus, which originated in China. The Intelligence Community also concurs with the wide scientific consensus that the COVID-19 virus was not manmade or genetically modified.
“As we do in all crises, the Community’s experts respond by surging resources and producing critical intelligence on issues vital to U.S. national security. The IC will continue to rigorously examine emerging information and intelligence to determine whether the outbreak began through contact with infected animals or if it was the result of an accident at a laboratory in Wuhan.”
###
Additionally, a previously sent press release from the office of Senator Jodi Ernst to MHProNews indicated that a “bicameral” letter had been issued to Democratic and Republican leaders in the House and Senate that included these noteworthy pull quotes.
“We were troubled by recent media reports that the National Institutes of Health (NIH) has been funding secretive and dangerous laboratory research at the WIV for many years. 1,2 According to the NIH’s website, the WIV is currently authorized by the NIH to receive taxpayer funding for animal research (Assurance ID# F16-00279).3”
“You may be aware that the WIV is the only facility in China designated as a biosafety Level 4 (BSL-4) laboratory, meaning that it handles extremely deadly pathogens and biological agents. According to peer-reviewed research publications, the NIH has funded research at the WIV in recent years that involves capturing and handling coronavirus-infected bats from the same caves COVID-19 is believed to have originated from. 4 ”
“To make matters worse, a highly disturbing new report indicates that U.S. State Department cables from 2018 warned of “a SARS-like pandemic” risk related to the WIV’s treacherous and sloppy coronavirus research on bats.7 ”
The entire letter is linked here.
Failure to warn the world earlier cost lives and economies.
MHProNews has laid out the timeline of events and the flurry of contradictory information that was coming from purportedly trustworthy sources.
But the letter raises other concerns that MHProNews has been spotlighting for some months. Namely, that if there was Gates Foundation, WHO, national health security research, and intelligence reports, how is it possible that the reports only made it to President Trump in early January? Or how is it possible that the risk was being downplayed by some health professionals, who apparently trusted WHO and China too much?
The facts that are coming in have consistently supported the reports and analysis previously published on MHProNews. We don’t claim to have a crystal ball. But we do sift through evidence, ask questions and seek reasonable insights that may point to useful insights. To stay informed, stay connected with your runaway #1 source for manufactured home “Industry News, Tips and Views Pros Can Use.” © Where “We Provide, You Decide.” ©
Related Reports:
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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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Spring 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.
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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.
http://latonykovach.com Connect on LinkedIn: http://www.linkedin.com/in/latonykovach