With that preface, for those who thought that the Koch network was by default pro-GOP, they didn’t count on President Donald J. Trump becoming the Republican standard bearer. The Koch’s are no fans of several of the Oval Office’s occupants policies, including on trade. Meanwhile, for those who figured that Senator Elizabeth Warren’s apparently rising candidacy is a threat to the 45th president from the political left, that’s less of a surprise. Take Koch and Warren going after POTUS Trump’s policies from different angles and you have what we’ll hereby call a ‘Trump sandwich.’ On a mixed, meh results day on the markets, those items will be our features tonight.
Every evening our headlined provide snapshots from two major media outlets on each side of the left-right news spectrum that reflect topics that influence or move investor sentiment. In moments on this business evening report, you can get insights-at-a-glance.’
This report also sets the broader context for manufactured housing markets, in keeping with our mantra, “News through the lens of manufactured homes and factory-built housing” ©.
We begin with left-of-center CNN followed by right-of-center Fox Business. We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.
Headlines from left-of-center CNN Business.
- Investing with the Fed
- The Fed cut rates again. Here’s what investors can do to adjust to this lower rate world
- Global economists predict the world’s lowest growth in a decade
- Recent market turmoil is not a repeat of 2008. But it’s still a problem
- iOS 13 is available to download now. Here’s what’s new
- Bob Iger thinks Apple and Disney might have combined if Steve Jobs were still alive
- Strategist: US economy ‘dangerously close’ to recession
- Microsoft hits all-time high after hiking dividend and buying back more stock
- America’s steel companies are hurting
- A FedEx pilot was arrested by Chinese authorities
- Nike says Antonio Brown is no longer ‘a Nike athlete’
- GM strike by 50,000 autoworkers enters day four
- Amazon wanted to hire 30,000 workers. More than 200,000 applied
- Colt will stop making AR-15 rifles for consumers
- Airbnb announces it plans to go public in 2020
- Streaming wars scorecard: What to watch and how much it will cost
- How TiVo is trying to make a comeback
- ‘Seinfeld’ is heading to Netflix in 2021
- NBCUniversal unveils Peacock, its upcoming streaming service
- AT&T bought DirecTV for $49 billion. It’s still paying a price for the deal
- Amazon to buy 100,000 electric vans as part of broader climate pledge
- India’s most popular language is now available on Alexa
- It’s betting users will pay up for high-definition music streaming
- Long Island City tries to move on after Amazon HQ2 debacle
- Amazon will hold a product launch event later this month
Headlines from right-of-center Fox Business.
- TRUMP PREPARED TO ESCALATE CHINA TRADE WAR: REPORTS
- USMCA can bring $100B of direct investment into US: Larry Kudlow
- Stocks finish mixed as trade-related headlines provide jolt
- Most CFOs think an economic downturn is coming next year: Here’s why
- INSIDE GM’S OFFER TO END UAW STRIKE
- The UAW has been on strike against General Motors over disputes on health care and the company shipping jobs to Mexico.
- ‘My heart started beating really fast’: Lottery winner claims $522M ticket
- Apple’s iOS 13 update is here: All the new features
- ‘That’s these girls’ livelihoods’: Real-life ‘Hustlers’ slam J.Lo’s hit movie
- Fed injects $75B into market to prevent interest-rate spike
- What did it cost to restore the Washington Monument?
- Trump sues Manhattan DA to block subpoenas for tax returns
- House Speaker Pelosi unveils new plan to lower drug prices
- Ralph Lauren designs ‘Friends’ collection
- Tesla’s new safety rating might help offset insurance costs
- $100K TO STAY IN AN IGLOO: WOULD YOU DO IT?
- A new pop-up luxury hotel in the North Pole is being dubbed sustainable yet extreme- and the stay setting guests back roughly $100,000.
- US Steel slammed by lower prices, deteriorating conditions
- State plans to cover all in-state college tuition
- UAW workers claim they were blindsided by health insurance switch
- Instagram blocks weight loss products, cosmetic surgery posts from minors
- Iran threatens ‘all-out war’ if US strikes
- How this debit card teaches kids to manage money
- US has to help Saudis build a ‘more robust defense:’ Fmr. Amb. to Saudi Arabia
- Former Ambassador to Saudi Arabia Robert Jordan discusses how the Saudi attack is impacting the world oil markets.
- UAW blasts GM for using striking workers’ health care as ‘leverage’
- FOX Business’ Grady Trimble reports from the Detroit GM strike.
- Dennis Rodman on Kim Jong-Un: He’s open to coming to America
- Former NBA star Dennis Rodman his relationship with Kim Jong-Un and Donald Trump.
- Facebook’s Zuckerberg set up a dinner with senators before Capitol Hill meetings
- Facebook founder Mark Zuckerberg is meeting with lawmakers Thursday on Internet regulation.
- Elon Musk shows off Starship prototype progress
- SpaceX has said it plans to use the rockets to shuttle passengers and cargo across the planet or beyond it.
- Comcast’s ‘freebie’ move to catch-up in streaming race
- The streaming wars are on and with Disney, CBS, Netflix, Amazon and others already in the game, the new NBC service, Peacock from parent company Comcast is coming late to the party but the cable TV giant is making sure the Peacock isn’t a dead duck when it debuts in April 2020.
- IBM to launch new 53-qubit quantum computer at New York headquarters
- “Our strategy was to move quantum computing beyond isolated lab experiments into the hands of tens of thousands of users,” Dario Gil, director of IBM Research, said.
- Facebook’s Mark Zuckerberg headed to DC amid antitrust crackdown on tech
- Zuckerberg is expected to discuss the future of internet regulation.
- China could be the ‘star’ of the iPhone 11 show
- IPhone 11 demand is huge in China.
- Facebook inadvertently creates videos for Islamic extremists: Whistleblower
- A whistleblower’s complaint alleges Facebook has inadvertently provided terrorist groups with a networking and recruitment tool.
- Venmo texting scam: Here’s what you need to know about the new con
- A new scam is going around where Venmo users are being asked to send personal financial information over text, officials have warned.
- Bitcoin, HTC collaborate on cryptocurrency smartphone
- com and HTC are partnering to develop crypto technologies, the companies announced Monday.
- Sprint, T-Mobile merger would be a big ‘win’ for rural consumers: DOJ official
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Tonight’s Business/Market/Political Impact Spotlight –
Before we dive into two summaries and videos tonight from left-of-center CNBC, some background is useful.
President Donald J. Trump, not unlike former President Ronald Reagan, was first a Democrat before he turned Republican. Some policies that then private citizen Trump sounded off on going back to the 1980s – took aim at policies of both major parties. For a time, businessman Trump flirted with a third party, the Reform Party, until he dissed it because of its ties to David Duke. As many a 90s or 2000s era video clip reveals, the president was not seen as, nor deemed a racist until he decided to run for office in 2015.
Among the policies that Trump decried before becoming a candidate? Trade policies that allowed American jobs to be shipped to Mexico, Japan, China or anywhere other than the U.S.A. Several foreign policy decisions by leaders of each major party were likewise slammed. Call him whatever, but the man has in many ways been consistent.
As Senator Ron Paul has wisely opined, there are at times an ‘unholy alliance’ between the two major parties. Traded favors that are staged managed for media to play to their respective bases make that possible.
So, it is a mistake to think that the Koch family’s interests have changed so much; they haven’t. That will be part two, below.
Part one of this evening’s report is Senator Elizabeth Warren’s steady rise. That rise has made several business leaders sound the alarm. Leon Cooperman sends his warning in the first video. If Senators Warren or Bernie Sanders become the nominee and threaten President Trump seriously in 2020, ‘there will be a bear market.’
Leon Cooperman on Senator Warren
- Elizabeth Warren’s ascendant candidacy for the Democratic presidential nomination is causing a scare among finance professionals.
- Attendees at Thursday’s Delivering Alpha conference caller her policies socialist and a threat to the economy.
“They won’t open the stock market if Elizabeth Warren is the next president,” joked Leon Cooperman to CNBC. He is the head of Omega Advisors.
“You don’t make the poor people rich by making rich people poor,” Cooperman said. “The Democratic Party seems to be leaning towards the left to the policy, which is very harmful for the economy. I don’t like the shift to the left.”
The most recent NBC News/ Wall Street Journal poll showed Warren, the Massachusetts firebrand who has made anti-Wall Steet sentiment a cornerstone of her public life, emerging as the primary challenger to former Vice President Joe Biden.
- The poll put Warren’s support at 25%,
- still behind Biden’s field-leading 31% but a big jump from her 19% showing in July.
- Most of the rest of the crowded Democratic field is fading into the background, with the only other challenger in double digits being Sen. Bernie Sanders, who caucuses with Democrats but identifies as an independent Democratic Socialist.
“She’s not my candidate of choice,” said one hedge fund executive who asked not to be identified. “This is going to be a difficult choice for the Democrats.”
One financial pro, asked if he fears a Warren presidency, nodded vigorously and said, “Yeah, I do. Regardless of what you think about [President] Trump, he’s been very good for the economy.”
Charles Koch
- The political network funded in part by billionaire libertarian Charles Koch is going to try a new strategy against President Donald Trump’s trade war with China after conceding that its previous campaign hasn’t worked.
- Koch network leaders said Thursday that their digital and TV ad blitz that emphasized how Americans could experience financial pain from the tariff fight wasn’t panning out the way they had hoped.
- “The argument that, you know, the tariffs are adding a couple thousand dollars to the pickup truck that you’re buying is not persuasive,” a senior Koch official says.
MHProNews will continue to monitor such developments. While there are untold numbers of twists and turns with over 13 months to the election, the winnowing of the field is occurring in the next few weeks. That’s why the attention to the emerging candidates and issues now matters.
Related Reports:
Examining “Incredible Shrinking Zoning Problem” for Manufactured Homes
Drone Strike on Saudis, POTUS Trump ‘In No Hurry’ – plus Manufactured Home Investing Updates
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.
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
Updated for Summer 2019…
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.
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Disclosure. MHProNews holds no positions in the stocks in this report.
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Submitted by Soheyla Kovach, co-managing member of LifeStyle Factory Homes, LLC and co-founder for MHProNews.com, and MHLivingNews.com.
