Update On The GM UAW Strike -- September 26, 2019

GM: On a day of volatility in the market and then at the end of the day, a small loss for the market, shares in GM were up. We discussed the GM strike earlier. Two developments today:

• an Investor's Business Daily story that there are signs that the UAW strike is nearing an end; and,
• GM says it will continue to pay for health insurance for those on strike

Speaking of GM, what did Ford do today? Down six cents at close and down another penny after hours.

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Others:

• AAPL, which had a good week and a good start today, dropped back half a percent, down $1.14.
• SRE: another nice day considering the market, up 72 cents; it set an all-time intra-day high trading at $145.08
• UNP: even UNP eked out a gain, of 13 cents
• EW: I'm going to quit here -- on a high note -- even EW eked out a gain of ten cents. 

The oils:

• RDS-B: up 1.25%, trading at $58.55
• COP: down 3%
• CVX: down almost 3%
• HES: down almost 3%
• one would think it might be the slide in natural gas prices, down 3% also, a three-week low 
• OXY: down so low, that it can only go up? flat today (actually gained 2 cents)

The pipelines, surprise, surprise:

• ENB: up about a percent
• EPD:down about 3/4ths of a percent
• WMB: down over a percent

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Speaking Of Pipelines

Another Permian pipeline sends natural gas to gulf coast. Link here.

Kinder Morgan Inc. put a pipeline into service Wednesday that should help ease gas flaring in West Texas by delivering natural gas from the Permian Basin to South Texas.

The Gulf Coast Express Pipeline was put into service ahead of schedule, the company said in a statement. The line will deliver gas from the Waha hub southwest of Midland to Agua Dulce, which is about 35 miles west of Corpus Christi.