Notes From All Over, Part 2 -- July 26, 2019

Updates

Later, 5:26 p.m. CT: NASDAQ sets a new all-time closing high: 8,325.86

Later, 5:26 p.m. CT: S&P 500 sets a new all-time closing high: 3,330.21.

Original Post

Apple card: well, this ought to scare Amazon. Link here. No credit card number on the credit card.

Sprint - T-Mobile: DOJ approves the merger. Dish Network will acquire some Sprint assets to get deal approved.

BAC: Warren Buffett adds to his holdings.

BA: Southwest curtails service to Newark, NJ; not enough 737's in their fleet. 

Starbucks: based on my observations at Starbucks, if I were a gambler, I would bet my entire portfolio that "delivery" will be a goldmine for Starbucks. Link here. I don't bet. Almost no one actually sticks around drinking coffee at Starbucks any more. #1 revenue stream: drive-through #2 revenue stream: mobile ordering but walking in to store to pick up coffee. People will tire of both; will go with delivery. Office workers will order en-route and when they arrive at their desk, their coffee will already be sitting there. This is a no-brainer.

S&P 500 watch: one point away from another intra-day all-time record.

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Wow, wow, wow -- from yesterday:
S&P 500: up 0.5% to an all-time closing high of 3,019.56; intra-day, another all-time record, at 3.019.56. At 10:19 a.m. CT, July 26, 2019 -- 3,019.55 --

One hundredth of a point from a new all-time intra-day high.