The Market, Energy, Polictical Page, Page 2, T+4 -- June 4, 2018

The pipeline is full: US Colonial Pipeline line 34 fully allocated for first time in its history. Link here. Data points:

• exclusively ships jet fuel
• carries jet fule to BWI
• nominations come out of Dorsey, MS

Stockton? Not again. See this post. Apparently the city learned how to spend other people's money -- even when it ran out. Doing it again: a “no strings” guaranteed basic income of $500 a month for its residents.

Interesting, tit-for-tat: China could buy more US coal to settle the trade imbalance. Consider the source. Overheard: China threatens to add a 25% tariff on soybeans; already a 3% tariff and a 13% value-added fee on soybeans (thus 16% "tariff" as President Trump pointed out). I think the new 25% tariff on soybeans would be directed against the US only.

Schultz is out at Starbucks. Eyes "public service." It's pretty obvious that he was also making a public announcement. Oh, by the way, Biden will run again for president. Hillary might as well jump in, assuming her back can take it. Bill is finding his stride, again: a #MeToo victim.

AAPL: market cap -- $943 billion. Today's high: $193.42.

• 4.92 billion shares
• $1 trillion / 4.92 billion = $203.25 / share 

UNP: I assume UNP's drop in share price today was due to concerns about NAFTA.

I just love this president. Right, wrong, indifferent -- this president doesn't kowtow to protocol or for political correctness. Disinvites the entire NFL Super Bowl team because some players can't find it in their hearts to respect the flag. Whatever. It sounds like the GSW won't be going to the White House either once the NBA championship is decided. [Later, 3:42 p.m. June 5, 2018: neither team will visit the White House, regardless of whom wins.]