Headlines from left-of-center CNN Business
- Rates stay at zero
- The Fed didn’t change rates, but will use its ‘full range of tools’ to help the economy
- 3 reasons why the Fed thinks the economy won’t recover anytime soon
- LIVE UPDATES Another 3.5 million jobless claims are expected tomorrow
- US stocks finish sharply higher on positive news about an experimental Covid-19 drug
- Meat plant workers to Trump: We won’t show up
- Why meat plants are getting hit so hard
- America’s economy shrank for the first time in six years
- Top US companies say sales are improving in China
- Boeing will cut 16,000 jobs after posting a massive loss
- A woman wearing face mask walks on the ocean front while Oil tankers are seen anchored off the coast of Long Beach, California, after sunset on April 25, 2020. – According to a news release issued by the United States Coast Guard, there were 27 tankers off the Southern California coast as of April 23 afternoon. Companies are using the tankers to store excess supplies of crude oil due to lack of demand during the novel coronavirus pandemic, US media reported.
- ANALYSIS The world may never recover its thirst for oil
- Costco to require customers to wear masks
- AMC bans Universal films from its theaters over ‘Trolls World Tour’ spat
- Ford cancels plan to make Lincoln electric vehicle
- FCC commissioner: Our agency says all Americans are gaining advanced Internet access. It’s wrong
- Google makes Meet, its Zoom and Skype competitor, free for everyone
- Facebook is hosting a virtual graduation with Oprah as commencement speaker
- 5 tips for managers who have to lay off employees remotely
- Here’s when you should Slack, email or call an employee
- MARKETS
- INEQUALITY
- NATIONAL HARBOR, MD – SEPTEMBER 19: Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. Bezos talked about innovating in large organizations as well as staying on the cutting edge in the space industry.
- Opinion: Billionaires are getting richer from the crisis. Enough is enough
- Covid-19’s toll on Chinese restaurants
- Black barbershop owners divided on social distancing
- Many grocery workers can’t take paid sick leave
- Renters are desperate for more help
- THE BEVERAGE INDUSTRY
- Miller Lite beer sit on a shelf at a grocery store on October 9, 2015 in New York City.
- Beer sales are soaring. These brands are winning
- Starbucks plans to start reopening stores next week
- People are buying a lot of booze, especially online
- Starbucks in China add plant-based meat to menus
- Why farmers across America are dumping their milk
- WHAT TO WATCH
- Maatje Benassi poses for a portrait on Wednesday, April 22. A mother of two and US Army reservist, Benassi has become the target of conspiracy theorists who falsely claim she was coronavirus patient zero.
- First conspiracy theorists said she started the pandemic. Now she’s afraid for her life
- This pandemic could make video chatting with your doctor the new normal
- How Volkswagen is reopening factories during the pandemic
- People line up outside the Utah Department of workforce Services Monday, April 13, 2020, in Salt Lake City. Congress, the Trump administration and the Federal Reserve have mounted the largest financial intervention in history a full-scale drive that includes mandating sick leave for some, distributing $1,200 checks to individuals, allocating rescue aid to employers and expanding unemployment benefits to try to help America survive the crisis. Yet those measures are only temporary. And for millions of newly unemployed, they may not be enough.
- Unemployment benefits are a lifeline. They’re not easy to get.
- View of an almost empty Time Square on April 03, 2020 in New York. – In New York, the epicenter of the US outbreak, Mayor Bill de Blasio urged residents to cover their faces when outside and Vice President Mike Pence said there would be a recommendation on the use of masks by the general public in the next few days.
- This is what waking from an economic ‘coma’ might look like
Headlines from right-of-center Fox Business
- MARKETS
- Stocks surge on Gilead’s coronavirus drug and Fed’s pledge to keep rates down
- S. equity markets soared as upbeat news about a potential coronavirus treatment, offsetting a large drop in first-quarter GDP.
- WATCH: Fauci says Remdesivir has ‘significant effect’ on diminishing COVID recovery time
- ECONOMY
- Fed pledges sweeping action to support coronavirus-battered economy
- Fed’s Powell says US economy ‘may need more support’ for recovery to be ‘robust’
- BUSINESS LEADERS
- Barclays CEO: ‘Putting 7,000 people in a building may be a thing of the past’
- MARKETS
- Kudlow reveals when he expects to see ‘big snapback’ for virus-hit economy
- US insurers want coronavirus business coverage backed by taxpayers
- OPINION
- Truckers hit by virus crisis finally get hot meals — and special interests hate it
- A BONE TO PICK
- MONEY
- Coronavirus spurred demand could lead to boneless chicken shortage
- ARE WE THERE YET?
- INDUSTRIALS
- Volkswagen, Toyota delay restarting US production
- DOORS OPEN
- REAL ESTATE
- How homebuyers are looking at post-coronavirus reopening plans
- A CLICK AWAY
- MONEY
- Quest Diagnostics’ coronavirus antibody test is first available for purchase online
- ROLLING IN DOUGH
- COLLEGE
- How much tuition costs at colleges getting the most federal relief
- END OF THE LINE
- MARKETS
- Trucking giant CH Robinson furloughs 7% of North American workers
- MEEK INHERIT IT FIRST
- MONEY
- Smallest coronavirus business loan applicants prioritized: SBA
- SOME PEEP POLE
- LIFESTYLE
- Pole dancing instructor sues Zoom after classes hacked by ‘uninvited men’
- ‘FREE AMERICA NOW’
- TECHNOLOGY
- Elon Musk backs coronavirus reopening, takes heat from Rep. Omar
- When Starbucks will reopen
- BACK TO NORMAL
- STARBUCKS
- When Starbucks will reopen
- FUELING PRICES
- MARKETS
- Oil soars as key data shows smaller-than-expected inventory increase
- INVISIBLE ENEMY SPOTTER
- TECHNOLOGY
- Apple, Google release 1st version of coronavirus contact-tracing software
- SHORTAGE HITS ARCHES
- MARKETS
- McDonald’s forced to remove beloved item from menu in some areas
- UNDERWATER ATTRACTIONS
- LIFESTYLE
- SeaWorld faces backlash after seeking federal coronavirus help
- NO PLAY NO PAY
- NFL
- NFL’s Roger Goodell cuts salary during coronavirus
- TECHNOLOGY
- Amazon, NFL ink streaming deal
- ECONOMY
- How much the economy has already shrunk so far this year
- MONEY
- Poll reveals how many Americans’ finances have been impacted by coronavirus
- LIFESTYLE
- At least 15 Chick-fil-A employees get virus in state loosening restrictions
- MARKETS
- Tupperware posts loss as new CEO grapples with coronavirus
- BUSINESS LEADERS
- Chipotle sees spike in online orders, will keep ‘grinding’ to make up sales: CEO
- LIFESTYLE
- Costco’s popular adult treats make return
- BUSINESS LEADERS
- ‘FREE AMERICA NOW’: Elon Musk joins calls to reopen US as Tesla stock rebounds
- TECH
- Pandemic exposes cracks in Amazon’s empire
- REAL ESTATE
- Home sales plummet in March as pandemic forces Americans inside
- MONEY
- Mastercard says touchless transactions spiked amid coronavirus worries
- MEDIA
- Spotify lowers sales targets as ad pullback overshadows subscriber growth
- SPORTS
- NCAA board supports name, image and likeness compensation
- MARKETS
- How CME Group is preparing in case oil turns negative again
- MONEY
- Hertz misses lease payment, preps for potential bankruptcy
- OPINION
- What good leadership looks like during this global pandemic
- HEALTH CARE TECH
- Pfizer reveals when coronavirus vaccine could be available
- TECHNOLOGY
- S. puts Amazon foreign websites on list of platforms blamed for facilitating piracy
- BUSINESS LEADERS
- Tesla set to jolt Elon Musk’s $40B net worth as company delivers amid crisis
- MARKETS
- Boeing posts massive loss as pandemic whacks ‘every aspect of our business’
- TECH
- Amazon buys thermal cameras from Chinese company on US blacklist
- MONEY
- ‘A bargain with the devil’: Pandemic hands Airbnb hosts cancellations, financial misery
- HEALTH CARE TECH
- Why labs across US are processing coronavirus tests far under capacities
10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus – Where Business, Politics and Investing Can Meet
Per Fox Business earlier today is the following.
NEW YORK (AP) — The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday as the Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only from small lenders.
- The step was being taken to ensure that small community lenders and their small business customers would have access to the $310 billion program, SBA head Jovita Carranza said in a tweet.
- News that big companies including restaurant chains like Shake Shack and the NBA’s Los Angeles Lakers had gotten loans in the first $349 billion round of funding also raised anger that well-financed companies had taken priority over struggling small businesses. Shake Shack, the Lakers and some other large businesses have since said they would return the money.
According to CNN Business earlier today, the following.
- New York (CNN Business) The Federal Reserve on Wednesday left interest rates unchanged near zero and said it would deploy its “full range of tools” to support the US economy as the coronavirus pandemic continues to wreak havoc on the US economy.
- “The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world,” the committee said in a statement. “The virus and the measures taken to protect public health are inducing sharp declines in economic activity and a surge in job losses.”
- Policymakers agreed following their two-day meeting in Washington to maintain interest rates in the range of zero to 0.25%, as they continued to see signs of a badly damaged economy.
- Earlier Wednesday, a preliminary first-quarter GDP report showed the economy contracted by 4.8%between January and March, its worst performance since the final quarter of 2008.
- The central bank said it will also continue to purchase Treasury securities and residential and commercial mortgage-backed securities to keep those markets liquid and functioning. And the Fed will continue to offer large-scale repurchase agreements to keep the crucial overnight lending market from collapsing.
- Fed Chairman Jerome Powell, as well as several other Fed board members, have spoken out against dropping rates into negative territory, as some other central banks have done.
- “Currently the Fed is essentially pushing harder on the same old levers. We know from the financial crisis that those levers aren’t enough to bring about the sustainable growth, inflation and higher rates that everyone wants,” said James McCann, senior global economist at Aberdeen Standard Investments.
Related topics to the COVID19 economy, including industry specific data, are found in the related reports below.
Related Reports:
Insiders Update COVID19-Skyline Champion, Financial Analyst Warns Investors Against SKY Stock
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.
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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
