Notes From All Over, Part 1 -- November 6, 2019

Texas: the state has no income tax. The constitution is very, very clear on this issue -- no income tax on individuals. But Texans wanted to make sure the law was "ironclad." Yesterday, Texans went to the polls to vote on Proposition 4 to clearly state, "no income tax on individuals. The proposition passed overwhelmingly, about 80% for, 20% against.

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Re-posting from yesterday:

Under Trump's watch: the first trade surplus in petroleum in more than forty years helped the US post a lower trade deficit in September compared to August, 2019. 

Here's the graphic, sent to me by a reader late last night, link here (original source here):

US gasoline imports:

 

Market:

• futures: pretty much flat
• BKH: missed estimates on revenues, earnings; shares drop almost 5%

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