The Market, Energy, And Political Page, Part 3, T+65 -- May 4, 2018

Why?

• huge jobs report this morning: guarantees the Fed will raise rates
• 10-year Treasury: just under the god-awful 3% rate
• Mueller ready to subpoena Trump
• Trump ready to start a trade war with China
• alt-left says Korean peace talk is bogus
• John Bolton ready to go to war with Iran
• TSLA slumping
• oil surging --> inflationary pressure
• equities can't compete on yields any more
• global economic slowdown
• healthcare costs taking money out of investors' pockets
• Kanye West banned on Detroit hip-hop radio station
• global warming means the end of earth as we know it
• Trump, Pence, Cruz to speak at NRA convention in Dallas today
• "Honduran Caravan" immigrants invading southern California
• Friday, day before weekend

And yet the Dow is surging today. Now up over 338 points. Why?

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Update On Keystone XL
(Yes, That Pipeline)

Update, link here:

• first, old news: despite a leak on the "old" Keystone, some months ago, Nebraska regulators "voted in favor of the "new" Keystone XL
• TransCanada appears to begin work on the "new" Keystone XL this fall: clearing vegetation ahead of construction; Reuters cites a letter from the US State Department to Native American communities in Montana, near the route of the pipeline
• TransCanada has not yet made a final investment decision (FID) on the $8 billion project (US dollars)
• having said that, TransCanada confirms that it expects construction of the Keystone XL to begin in 2019
• if not further delayed, I would assume a start date in 2019 could mean a completion date by the end of 2020

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AAPL, AAPL On The Wall (Street)

Who's The Fairest of Them All?

Apple posts best week since 2011.  -- CNBC

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Harold Hamm Who?

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Amazon Really Is Amazing

The WSJ had a review of a book that looked like the "perfect" book for our son-in-law who lives out-of-state (i.e., not in the state we live in, the state of confusion. LOL. Just kidding, the state of Texas).

So, surf over to Amazon, a simple click or two and the book is on its way. No state tax if the state it is being sent to has no state tax. No driving to brick-and-mortar store to see if it is in stock (most likely it is not). No buying it and paying the 8% Texas state tax (if it in stock). No taking it home, wrapping it, and then driving to the US Post Office to pay $6.00 to have it shipped. Amazon ships it for free. And, not only that, it will arrive in two days.

Truly amazing.

And one more thing. I can begin reading it immediately, either on my laptop or on a tablet.