“I thank God for you all showing love to my brother,” Terrance said, according to the Star Tribune. “Power to the people, all of us,” he said.
HUD Secretary Ben Carson was on the Sean Hannity radio show on 6.5.2020 to talk about current events, racial tensions, and the sharp May economic jobs rebound.
Among Carson’s comments? “There have been those who don’t like our system…They want to fundamentally change America…They can’t really change America as long as things are working well…So, the only way to bring about that change is to create chaos…Then they can use that [chaos] as their excuse to cause havoc and destruction.”
While talking to the media about the sharp rebound in jobs, when millions of jobs were expected to be lost, President Trump’s comments included a polite tweak of the nose of Warren Buffett. That and more will be found in the featured focus, further below.
As is customary, the evening manufactured housing connected equities snapshot follows the featured focus, the related reports, and other market data at closing bell. Additionally, readers old and new alike will see our left-right media headline bullets and thought-provoking quotable quotes that follow tonight.
Quotes That Shed Light – American Social, Industry, National Issues…
Headlines from left-of-center CNN Business
- How everyone got it wrong
- A “We’re Hiring” sign advertising jobs is seen at the entrance of a restaurant, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease (COVID-19) outbreak, in Miami, Florida, U.S., May 18, 2020.
- ANALYSIS
- May’s jobs numbers were shocking. Unemployment fell, defying almost all predictions
- Stocks: Dow skyrockets on the unexpected job gains last month
- Surprise job gains: The US unemployment rate fell to 13.3% in May
- Bouncing back: Job market starts to recover — especially for white and Hispanic Americans
- Who’s hiring: These companies are looking to add workers
- Job cuts: Bentley, Aston Martin and McLaren slash thousands of jobs
- Wealth gap: US billionaires regained $565 billion since March
- The EU: Europe’s unemployment rate is half that of America
- Taking a buyout: Thousands of people are volunteering to be laid off
- Scaramucci: Fed policy created Trump. And it’s happening again
- WFH perk: Google is giving every employee $1,000
- Vehicles are displayed for sale at a General Motors Co. Buick and GMC car dealership in Woodbridge, New Jersey, U.S, on Wednesday, May 20, 2020. Governor Phil Murphy has lifted restrictions on in-person auto sales, provided the businesses follow social distancing guidelines, NBC reported.
- Dealerships are opening up. But good luck finding the car you want
- Instacart changes policy after CNN Business report on tip baiting
- Reddit cofounder Alexis Ohanian resigns from board, urges seat be filled by black candidate
- WeWork’s last remaining cofounder is leaving
- Opinion: The United States must end its mindless reliance on China
- Oil prices hit 3-month high ahead of OPEC meeting
- What CEOs and managers should be doing for black employees
- Mark Cuban was considering a run for president last month. Why he decided against it
- A whistleblower just took home $50 million — the biggest award the SEC has ever paid
- Gap’s risky bet: Putting this year’s unsold clothes back into stores next year
- Journalists of color are fed up and speaking out
- White House turns press corps into social distancing props
- MARKETS
- A CHANGING LANDSCAPE
- ORLANDO, FLORIDA, UNITED STATES – 2020/05/15: A JC Penney store that was temporarily closed due to the COVID-19 pandemic is seen on the day the company filed for bankruptcy protection and announced it would be closing some of its 800 stores amid the coronavirus crisis and ongoing debt problems.
- JCPenney is closing 154 stores this summer. Here’s where they are located
- The Gap posts a record $932 million loss
- TJ Maxx will be very hard to socially distance in
- Brands race to adapt to our pandemic shopping habits
- Target’s digital sales climb 141%
- FACEBOOK EMPLOYEES LASH OUT
- Timothy Aveni quit his job at Facebook after CEO Mark Zuckerberg refused to take action on a post from President Trump.
- EXCLUSIVE
- He quit his Facebook job because of Zuckerberg’s inaction on Trump’s posts
- Zuckerberg explains his decision to outraged staff
- Earliest Facebook employees: Inaction is ‘cowardly’
- Is Facebook like a chemical factory polluter?
- Civil rights groups condemn Facebook’s inaction
Headlines from right-of-center Fox Business
- DEVELOPING
- MARKETS
- Dow reclaims major milestone, Nasdaq nears record highs as jobs report wows market
- S. employers added 2.5 million jobs in May, a shocking reversal of the continued decline economists expected.
- Despite May job surprise, trucking sector still loses positions
- Oil prices spike as OPEC+ nears output cut extension, job market rallies
- MONEY
- Experts say this is how much rampant looting across America has cost
- Former CDC acting director on preventing coronavirus spikes during protests
- Small businesses, retailers hire private security to protect stores
- ECONOMY
- Trump makes bold prediction after shock jobs report shows record growth
- Twitter disables Trump campaign’s George Floyd video tribute
- OPINION
- Unemployment rate, good jobs news tell us this about coronavirus recession
- DIMON’S BRANCH BONDING
- MARKETS
- JPMorgan’s Dimon holds mini town hall in 1st employee meetup since surgery
- HISTORIC NUMBERS BEAT
- JOBS
- May’s jobs report was stunning — here’s why economists got it wrong
- THE USUAL SUSPECTS
- MONEY
- US billionaires’ wealth has increased by 19% during coronavirus
- ‘RECOVERY HAS BEGUN’
- MONEY
- Kudlow: Next relief bill must include these measures to support economy
- CHECKING OUT
- POLITICS
- Trump administration orders Marriott to move out of this country, company says
- COMMENCEMENT CUT
- POLITICS
- Ivanka Trump commencement address at WSU Tech canceled after backlash
- ‘NO KNEELING!’
- SPORTS
- Trump says Brees shouldn’t apologize for NFL anthem protest stance
- IT WAS ‘MUTUAL’
- SPORTS
- LA Galaxy star cut over wife’s social media posts targeting protesters
- MONEY WHERE HIS MOUTH IS
- SPORTS
- Michael Jordan pledges $100M to promote racial equality
- COPS OUT
- LIFESTYLE
- Police donations rejected by some Democrat lawmakers
- WILDLIFE FLAP
- LIFESTYLE
- US moves forward with plan to end wild bird protections
- EU, CHINA TURN RED
- FEATURES
- Lobsters at center of Trump’s latest tariff battles with EU, China
- LIFESTYLE
- Florida cafe stays afloat during pandemic thanks to 1 massive order
- BUSINESS LEADERS
- Reddit co-founder Alexis Ohanian resigns from board, asks to be replaced with black candidate
- RETAIL
- Restoration Hardware rebounds despite coronavirus
- RETAIL
- Nike pledges $40 million to support black community after George Floyd’s death
- POLITICS
- Detroit’s top cop: Defunding police is a bad idea
- TECHNOLOGY
- Huawei’s new phone screens coronavirus symptom with temperature sensor
- ECONOMY
- These industries are seeing biggest gains as May posts record job growth
- LIFESTYLE
- Coronavirus accelerates Mormon missionaries’ transition online: ‘We feel like pioneers’
- MARKETS
- Longtime WeWork employee who helped start company will step down
- LIFESTYLE
- US will now allow some flights to China
- OPINION
- Rick Scott: US has golden chance to stand with this country against China
- MONEY
- Think you can’t afford to invest? 3 reasons why you should think again
- NEWS
- 9 firefighters hospitalized in Florida after ship explosion
- BUSINESS LEADERS
- America’s top CEOs say it’s part of job to speak out about race, making change
- NYPD confronts crowds as curfew sets in; Buffalo clash gets cops suspended
- BUSINESS LEADERS
- ‘Cried for first time in years’: Goldman Sachs exec’s email goes viral at firm
- 2020 CAMPAIGN
- How much Biden raked in during Silicon Valley fundraiser hosted by former rival
- MEDIA
- NY Times issues ‘mea culpa,’ says senator’s op-ed on riots failed to meet standards
- POLITICS
- Maine’s governor makes request of Trump before president visits state
- MONEY
- JCPenney shutting down 154 stores after coronavirus-driven bankruptcy
- VIDEO
- WATCH: The best side jobs to earn extra cash
9 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
There are those who don’t grasp that the 45th president has a wry and at times a subtle sense of humor. Additionally, there are those who may not see that President Donald J. Trump can be diplomatic. That’s demonstrated on numerous occasions, such as with Russian, Chinese communist, North Korea, Venezuelan or other leaders. When publicly spanking a rival nation’s leadership, POTUS Trump routinely nuances the statement by saying that they respect the people of that nation while slamming their leaders.
The Commander in Chief has done that with Democratic leaders while routinely doing outreaches to traditionally Democratic constituencies, such as minorities, union members, and others.
With that backdrop, the snapshot from left-of-center CNBC that follows will make more sense on a day when the spread between expected job losses and the actual job gains were in the range of 11+ million, as about 2.5 million jobs were added instead of 9 million expected job losses.
Per CNBC earlier today:
- “Warren Buffett sold airlines a little while ago. He’s been right his whole life, but sometimes even someone like Warren Buffett — I have a lot of respect for him — they make mistakes,” Trump said. “They should have kept the airline stocks because the airline stocks went through the roof today.”
- Buffett, one of Wall Street’s most revered investors of all time and known for a lifelong commitment to finding bargain deals, revealed at the Berkshire annual meeting in early May that his Berkshire Hathaway had sold the entirety of its position in the U.S. airline industry.
- Buffett said at the time the Covid-19 pandemic will have grim, but nonetheless fundamental changes for companies like United Airlines, which he exited.
- “The world has changed for the airlines. And I don’t know how it’s changed and I hope it corrects itself in a reasonably prompt way,” he said in May. “I think there are certain industries, and unfortunately, I think that the airline industry, among others, that are really hurt by a forced shutdown by events that are far beyond our control.”
- Trump critiqued Buffett on the heels of a record-breaking jobs report, which showed that U.S. employers added an eye-popping 2.5 nonfarm payrolls in May. The jobless rate declined to 13.3%, far better than the net negative results economists had been expecting.
See the related reports to learn more.
The evening individual manufactured home connected equites are found further below.
Related Reports:
Manufactured Housing Industry Production Drops During COVID19 Closures
“Trailer Sales” Surge, Per Mainstream Media – Takeaways for Manufactured Home Independents?
Manufactured Housing Institute Insider’s Keith Ellison Revelation, “Anti-Consumer” Bias, Other Leaks
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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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/
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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
AEI Flash Housing Market Indicator
