Monday, May 18, 2020

Notes From All Over, Late Afternoon Edition -- May 18, 2020

Venezuela: one step closer to losing Citgo. From Bloomberg via Yahoo!Finance:
The U.S. Supreme Court rejected an appeal by Venezuela in its fight to retain control of oil refiner Citgo Holding Inc., putting the country a step closer to losing its largest asset.
The justices, without comment on Monday, left intact a federal appeals court victory for a defunct Canadian gold mining company seeking to force the sale of Citgo’s parent company. The gold miner, Crystallex International Corp., is trying to collect a $1.4 billion arbitration award, most of which remains unpaid.
The rebuff leaves Venezuela at risk of losing a much-needed source of revenue in Citgo. The country’s opposition leader, Juan Guaido, has been fighting to safeguard the assets since taking control of Citgo as part of his power struggle with President Nicolas Maduro.

Fortune 500 -- 2020

Apple: fourth in annual Fortune 500 list of America's largest companies. Link here.  Based on revenue.
  • first, Walmart
  • second, Amazon,
  • third, ExxonMobil
  • fourth: APPLE
  • fifth: CVS Health

  • 6th: Berkshire Hathaway
  • 11th: Alphabet (Google)
  • 21st: Microsoft
  • 46th: Facebook
Full list here.

Most incredible: percent change in revenue, year-over-year (numbers rounded), among the top 200, some of those with the greatest percent change:
  • CVS Health: up 32%
  • Netflix: up 28%
  • Facebook: up 27% 
  • Progressive: up 22%
  • up 21%
  • Synnex: up 19%
  • Disney: up 17% 
  • OXY: up 16%
  • Raytheon: up 16% 
  • Bristo-Myers Squibb: 16%
  • Comcast: up 15%
  • Tesla: up 15%
  • USAA:up 14%
  • Lockheed Martin: up 11%
  • Bank of New York Mellon: up 8%
Speaking of Tesla: today it was announced that the state of California has denied SpaceX funding.

Who Else?

President Trump says he's been taking hydroxychloroquine + zinc for the past "couple of weeks."

I wonder if hydroxychloroquine + zinc is "covered" by ObamaCare.

As for me:


  1. Found out a few years ago, purely by accident, that I was allergic to quinine. Never thought if was a big deal, after all, what are the odds of getting malaria?
    Turns out hydroxychloroquine has just enough quinine to be an issue

  2. As Rod Stewart would sing, "Some guys have all the luck...." In your case, not in the way Rod Stewart meant. But seriously, I don't think you have anything to worry about ...

  3. No worries here. Montana only kinda sorta shutdown because thats what the dems told the Gov to do.
    As I'm sure you know, this part of the country is a bit more independent and rolls its own drumbeat!

    1. I hope to be up at Flathead Lake in July / August. We'll see. But, yes, I imagine Montana is doing just fine.

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