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Michelle Obama's nationwide tour for her new book "Becoming" has already helped the book achieve a publishing milestone.Barnes & Noble said Monday that Obama had "the biggest first-week sales of any book this year."Until November, that title belonged to Bob Woodward's Trump administration dissection, "Fear," which came out in September. But "Becoming" had even stronger sales in its first week, the bookseller said.Beyond just this year, B&N said "Becoming" had "the best first-week sales of an adult book since 'Go Set a Watchman' published in July, 2015."It has been nearly two years since the Obamas left the White House, but there is still intense interest in the former president and first lady."Becoming" remains No. 1 on the online lists kept by both the Amazon and Barnes & Noble websites.Her book landed in Amazon's No. 1 spot on Friday, November 9, and has not budged since.A gauntlet of TV interviews, including all three network morning shows, surely helped sales.The interviews will continue later this month. On Friday, November 30, she will be on "The Late Show with Stephen Colbert.""Becoming" came out on November 13. It is almost certain to rank No. 1 on the New York Times best selling books list, but that list won't officially come out until Wednesday.All the interest in the title — plus her nationwide arena tour — has stoked new speculation about her political prospects. Is there any chance she'd run for political office?"Let me be very clear, it will never happen," Obama adviser Valerie Jarrett told Alisyn Camerota on "New Day" Monday morning.As for Obama's husband, he is working on finishing his own memoir. Both books were acquired by Penguin Random House in a bidding war back in early 2017."Writing's hard," Barack Obama said at his foundation's annual summit on Monday. "I'm just sitting there, I type two words... delete."His remarks about the difficulties of writing were reported by The Atlantic. He reportedly told people to go buy his wife's book. 2009

Members of the Oakland Raiders have denied a claim from the wife of an NFL player that members of the Raiders offensive line allowed quarterback Derek Carr to get hurt due to a dispute over national anthem protests.Miko Grimes, wife of Tampa Bay Buccaneers cornerback Brent Grimes and co-star of the reality show "Baller Wives" on VH1, claimed Carr's injury during a game earlier this season was directly related to an anthem dispute with his teammates."The reason Derek Carr got injured is because the Raiders' offensive line allowed him to get injured because he was against them protesting," Grimes said on Revolt TV, a digital network created by Sean "Diddy" Combs.Grimes said Carr was opposed to players sitting or kneeling during the national anthem, which led to a pregame dispute with members of the Raiders' offensive line, the only all-minority offensive line in the NFL. 899

Market sentiment is so fragile that news of an arrest is enough to set off a selling wave.The Dow plunged as much as 785 points on Thursday. The index was recently down about 400 points, or 1.3%. The S&P 500 lost 1.1%, while the Nasdaq fell 0.3%.The arrest of Huawei CFO Meng Wanzhou in Canada at the request of the United States renewed doubts about the US-China truce.The latest sign of tension between Washington and Beijing also sent shudders through global markets. Hong Kong's Hang Seng plunged 2.5% overnight, while European stock markets declined sharply as well. Germany's DAX nearly closed in a bear market, down nearly 20% from its January closing high.Companies like Apple (AAPL) and Boeing (BA) that have significant exposure to China fell sharply. Other trade-related stocks like Broadcom (AVGO) and Harley-Davidson (HOG) were also under pressure. Alibaba (BABA), the Chinese e-commerce giant, tumbled 3%. The Dow and S&P 500 have once again turned negative on the year. The S&P 500, down 9% in the fourth quarter, is on track for its worst quarter in seven years.The arrest of Meng -- the daughter of the founder of one of China's most important companies -- serves as a fresh reminder that the United States and China remain in a trade war, despite the ceasefire reached last weekend in Argentina. Tariffs already imposed remain in place and new ones loom if talks fail to result in a breakthrough or at least an extension within 90 days."This comes at a truly delicate time," Win Thin, global head of currency strategy at Brown Brothers Harriman, wrote to clients on Thursday. "We think this will force China to take a more aggressive and confrontational approach with the US."  1720

Lumber stocks are at a historic high. We haven't seen these numbers since the 2008 housing boom and then crash. Experts say that's in part because of the housing market and record low mortgage rates.2020, the unprecedented year where nothing goes as expected, has brought us what realtors call a "sellers' market"."There’s plenty of buyers in the marketplace, but not enough supply so what we are seeing is multiple offers happening frequently on mid-price homes. So heavy competition in the marketplace.” Dr. Lawrence Yun, chief economist for the National Association of Realtors, said.The country's largest trade organization has 1.4 million members who help people buy and sell homes. Dr. Yun says the nation's housing market has even surpassed pre-pandemic sales. He attributes a lot of that to low mortgage rates and people realizing that working from home means they need more room.“Because of the strong demand for housing and we have a shortage of homes in the marketplace, so whatever home builders build, they can find a buyer so they build more homes. But one of the constraints is lack of construction workers along with the material cost that goes into construction, such as lumber,” says Dr. Yun, who also pointed out the country's underproduction.“Home builders have been producing below historical average for 10 straight years and the cumulative effect of underproduction is we don’t have sufficient inventory and that is the reason why home prices are rising and we need to build more homes to get into balance,” added Dr. Yun.Which is why, Laura Gonzalez, associate professor of Finance at California State University Long Beach, says we're experiencing a supply and demand situation when it comes to wood.“We just don’t have enough wood,” Gonzalez said. “It's difficult to make it ready and then transport it because of the pandemic. It's not that the industry is changing its just that we have had a shift both in supply and demand.”Gonzalez also says it's the basic equation of high demand meaning lower supply, which sends prices up and stocks soaring. Then there's the factor of where our wood comes from. She says, “We import some of our lumber from Canada both from lumber and other products. If we depend on other nations, we are more susceptible to changes in supply.”So, what comes next?“The issue of supply versus demand is going to correct in two years, but the opportunities for climate finance are ongoing that is not going to finish,” Gonzalez said.Which is why Dr. Yun says home prices will hold firm, and if you're waiting for a ‘burst’ or for prices to decrease, you might be waiting a while.“In future years, mortgage rate will certainly rise and that will choke off some of the demand, but hopefully we have adequate supply so we have a more balanced market condition where prices rise in manageable, 3-4% each year and people will feel comfortable at that rate of price appreciation,” says Dr. Yun.Dr. Yun recommends if you want or need to buy, don't overstretch your budget as the competition is fierce out there. If you want to sell, don't get greedy and overprice because your home will get stuck on the market. It's yet another aspect to this odd year that has brough the unexpected to us all. 3245

Madison Wilson, an elementary school student in California, is raising money to donate multicultural crayons and books to local schools.Wilson learned that Crayola will be releasing a 24-pack of multicultural crayons called 'Colors of the World' in July and asked her mom if she could raise the funds to donate these crayons to her school.Wilson said she wanted children of all colors of skin to be able to accurately draw themselves in school.She also wants to use the money she raises to purchase multicultural books from local book stores and donate them as well.Wilson's deadline to raise the money is June 30. She had raised ,790 of her ,000 goal as of Tuesday afternoon. Once Wilson's initial goal is achieved, she wants to continue raising money for other Santa Ynez Valley schools.Her GoFundMe can be reached by clicking here.Wilson's goal is to donate 500 books.KSBY's Rachel Showalter first reported this story. 933

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