Indeed, sources across the left-right media divide indicated that a driver for the market dive has been not only increased cases in the U.S., but also in Europe and around the world.
“The Dow slipped over 940 points, about a 3.43 percent loss,” said the Boston Globe.
That noted, the recent report below is as relevant as before. “Flatten the Fear” has to be part of an investor’s, professional’s, or general publics’ mantra.
Members of the First family, others in the Trump White House, members of the Biden and Harris campaign teams have contracted COVID19. So far, all survived or have reportedly recovered. The latest data indicates that as much as 99.75 percent of those who contract the virus live.
Put differently, there is questionable reasoning by those who sold off stocks, given that they are supposed to be professionals that are data driven.
Given Wall Street’s bias toward the Biden-Harris ticket, is there anything more to know?
What is certain is that big tech, big media, Hollywood, and Wall Street are overwhelmingly backing Democrats, including the Biden-Harris ticket. Who says? The data from George Soros funded Open Secrets, which will be our featured focus this evening.
Right-of-center Breitbart today reported that Insider’s analysis of Federal Election Commission campaign donation data reveals that the vast majority of donations by those in media have gone to Democrats.
According to the Insider’s analysis, donors include staffers at the New York Times, Washington Post, Boston Globe, and Houston Chronicle. They are “among dozens of reporters, editors, and other newspeople who’ve given tens of thousands of dollars to political candidates and causes.”
Three of the journalists at the Marshall Project, a “nonpartisan, nonprofit news organization,” contributed to far-left Democrats this cycle, including Sen. Bernie Sanders (I-VT), as well as “a political committee led by Democratic Party luminary Stacey Abrams.”
Marshall Project’s founder and board chairman, Neil Barsky personally donated tens of thousands to Democrats, including Joe Biden. “For the sake of our democracy and the health of our planet, I sincerely hope Trump loses on November 3, and I plan to continue to do everything in my power as a private citizen to help make that happen,” Barsky said. So much for ‘nonpartisanship?’
Others named included New York Magazine, ProPublica, Mother Jones, McClatchy, Bloomberg, the Intercept, the New Yorker, the Washington Times, the Hill, and the Los Angeles Times.
For those who have questioned the reality of media tilt, those facts should be revealing.
That makes a useful segue to the leftist billionaire George Soros funded Center for Responsive Politics (CRP) data that reports record spending for this election cycle.
See MHProNews previous report and analysis linked below. As is our norm, the featured focus follows the quotable quotes, left-right headlines, and 2 of our 3 market summary graphics. The manufactured home equities connected results at the closing bell follows the featured focus and related/recent reports.
Quotes That Shed Light – American Social, Industry, National Issues…
Headlines from left-of-center CNN Business
- WORST DAY SINCE JUNE
- A woman with an umbrella passes the New York Stock Exchange, Monday, Oct. 26, 2020. Stocks are slumping in afternoon trading on Wall Street Monday and deepening last week’s losses.
- LIVE UPDATES
- Stocks sold off sharply, with the Dow tumbling over 900 points
- Wall Street is spooked, but should have seen this coronavirus surge coming
- A deep recession should hurt Trump’s reelection bid, but this isn’t a usual downturn
- Google, Twitter and Facebook CEOs grilled in Senate hearing
- Opinion: Forget bias, the real danger is Big Tech’s overwhelming control over speech
- Cruz to Twitter CEO: Who the hell elected you?
- Analysis: How Washington’s stimulus gamble could backfire
- Opinion: Hoping for a lucky break in the pandemic could cost the US economy dearly
- Elizabeth Warren: ‘Disney won’t answer my questions’ on layoffs and executive pay
- McDonald’s new pastries are here. Here’s how to get them for free
- Panera adds pizza to its menu to double down on dinner
- Mercedes-Benz is taking a big stake in Aston Martin
- Analysis: 9 things the press should do ahead of 2020’s election
- These 10 charts show how the economy performed under Trump vs prior presidents
- Axon body 3.
- Police body cam maker unveils new features it hopes will curb officer misconduct
- Paul Grim of New York with his wife.
- How the pandemic has changed Americans’ spending and saving habits
Headlines from right-of-center Fox Business
- TECHNOLOGY
- Zuckerberg ‘not aware’ Facebook election integrity head worked for Biden
- “I think having balance is valuable, and we try to do that,” Zuckerberg responded.
- How Facebook, Twitter policies have changed since 2016 in the name of voter integrity
- TECHNOLOGY
- HEARING HIGHLIGHTS: Senate committee grills Big Tech CEOs on alleged censorship
- Johnson presses Twitter CEO for evidence of disinformation in Hunter Biden story
- MARKETS
- Dow drops 940 points as S&P, Nasdaq turn negative for October
- MARKETS
- GE’s shares soar as earnings recover from pandemic lows
- TECHNOLOGY
- Control of online speech by gov’t must be resisted: CTA CEO Shapiro
- LIVE NOW
- PROTEST PRESSER
- VIDEO
- Philadelphia mayor and police commissioner hold a news conference
- MISLEADING INFORMATION
- TECHNOLOGY
- Dorsey faces questions about selective censoring of misinformation on Twitter
- TECH CONTROL
- TECHNOLOGY
- Using Microsoft Edge for web browsing? Soon, you’ll have to
- FACIAL RECOGNITION
- TECHNOLOGY
- Jack Dorsey’s beard proves distraction during Senate Big Tech hearing
- GRAND SLAM?
- POLITICS
- When Dodgers win World Series, Republicans win White House: Luntz
- NO FAIRY-TALE ENDING
- LIFESTYLE
- Disney World lays off entertainers, casts dark shadow on attractions
- CNN IN HIS CART?
- MEDIA
- Jeff Bezos rumored to be sniffing around cable channel for potential buy
- 20 PERCENT OFF
- MARKETS
- Bed Bath & Beyond overhauls strategy after closings, layoffs
- GOT ENOUGH TOILET PAPER?
- LIFESTYLE
- Second COVID stockpiling wave may be coming
- LIVE NOW
- VIDEO
- President Trump delivers remarks at a ‘Make America Great Again’ rally in Bullhead City, Arizona
- ECONOMY
- Tupperware’s stock soars thanks to more people staying home and cooking
- VIDEO
- Mattel CEO: Our supply chain has made us well-positioned for holiday season
- LIFESTYLE
- Panera seeks a piece of the pandemic pie by adding pizza to menu
- LIFESTYLE
- Online holiday shopping sales expected to ‘shatter’ records, Adobe analysis predicts
- MARKETS
- Callaway Golf agrees to buy remainder of Topgolf
- MARKETS
- Raytheon discloses criminal subpoena from Justice Department
- VIDEO
- Pennsylvania polls are swinging in Trump’s favor due to Biden’s fracking stance: Cassie Smedile
- LIFESTYLE
- Chinese consumers plan to purchase domestic products over Americans on biggest retail day of the year: report
- ECONOMY
- CarMax hiring for over 3,500 positions nationwide
- POLITICS
- US would look different without fracking for natural gas, energy secretary says
- HEALTHCARE
- US military won’t administer coronavirus vaccines, health official says
- PERSONAL FINANCE
- Personal bankruptcies expected to rise in 2021 as stimulus ends
- LIFESTYLE
- Hy-Vee unveils cart sanitizing system in response to coronavirus, first grocery chain to use technology
- LIFESTYLE
- Newsom defends California theme park reopening rules as Disneyland remains closed
- MARKETS
- Car insurance start-up Root raises $664M in IPO: report
- FOOD & DRINK
- McDonald’s offering free taste of its newest McCafe menu items
- MARKETS
- Biden tax hike plans only a ‘minor speedbump’ for US stocks: Goldman Sachs
- FOOD & DRINK
- McDonald’s offering free taste of its newest McCafe menu items
- LIFESTYLE
- SoCal Edison says it may have caused Orange County wildfire
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
The George Soros funded Center for Responsive Politics (CRP) said that the 2020 election is estimated to finish with nearly $14 billion in campaign spending.
The CRP’s previous estimate for all 2020 spending was $10.8 billion. That estimated final spending total is between both the presidential and congressional campaigns.
By Election Day, November 3, 2020, the presidential race is expected to end up seeing $6.6 billion in total spending, while congressional races are anticipated to finish with just over $7 billion.
CRP data says that Democrats have nearly doubled the spending by Republican candidates up and down the ballot. Democratic contenders are going into the final week of the election spending $6.9 billion while Republicans have had $3.8 billion.
Former Obama-era VP Biden is on track to be the first candidate in U.S. history to end up raising $1 billion in a single election cycle, CRP said. Fundraising by the DNC or RNC would be in addition to presidential campaign fundraising.
Their data shows that employees in certain industries, including those on Wall Street, have largely flipped to Democrats.
These are an additional data point that demonstrates that billionaires in 2018 and now in 2020 are supporting Democrats over Republicans or President Trump.
Related, Recent, and Read Hot Reports
“More Punitive Regulatory” Regime Looms Warns New Manufactured Housing Industry Insider
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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Fall 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.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.
Sample Kudos over the years…
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
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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.
