Notes From All Over -- The Pre-Market Edition -- September 3, 2020

Fake news? A meme? Factoid? Fact? The story continues.

• demand for moving companies in NYC is "insane" -- ZeroHedge:
• New York exodus accelerates amid pandemic as "some" residents head south -- link at Fox Business -- https://www.foxbusiness.com/real-estate/nyc-move-outs-surge-pandemic;
• CNBC live video of downtown NYC: it's a ghost town;
• lead story on CNBC's "Squawk Box" this morning: the NYC real estate reset
• the move from NYC to Florida is accelerating
• began with SALT two years ago; Covid-19 accelerating the trend
• from high-tax states (NY, NJ, CT, CA) to low-tax states (FL, TX, NV)
  
• I wonder if Walter Cronkite would give us honest reporting on this one?
  

Robinhood under investigation. Okay. No dog in this fight. But Robinhood did convince me to start buying "pizza by the slice" over at Schwab. 

First purchase: 0.1 share of AMZN. It's my understanding you cannot buy a slice of BRK-A on Schwab but you can on Robinhood. I don't know for sure. I do know an individual who bought a "dollar's" worth of BRK-A. He made two cents overnight. I don't know if he still has that holding.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

California heat: another heat wave set to set California electric grid (and this is well before we even have any significant EV penetration in that state. Link over at SeekingAlpha:

• In order to ensure adequate power supplies during the weekend, the California Independent System Operator orders transmission line operators and power plants to postpone work that would take their assets offline. 
• Excessive heat is expected to smother the state, with temperatures seen reaching 107 degrees Fahrenheit (42 Celsius) in Los Angeles Saturday and 106 degrees in Sacramento on Sunday. 
• Potentially relevant tickers include PCG, EIX, SRE. 
• The heat wave two weeks ago that saw temperatures reach as high as 110 degrees in parts of the state forced grid operators to initiate rolling blackouts that affected millions. 

United Airlines: to furlough 16,000 employees in October. Fox Business: https://www.foxbusiness.com/economy/united-airlines-furloughs-coronavirus-pandemic. Like other countries, are we moving toward state-owned airlines (by another name)?

Huge moat: Kansas City Southern takeover bid led by Blackstone; shares spiking this morning; corroborates my early posting about investing: lightning strikes often, without warning; stay fully invested, my friends. LOL.

Spam and salt: NPR weighs in.

So, we've learned a lot today: mostly that you can buy "pizza by the slice" at Schwab.