General Mills -- Beats On Top / Bottom Line -- And So Much More -- June 29, 2022

General Mills: link here.

• raises dividend from 51 cents to 54 cents;
  
• EPS: $1.12, beats by a whopping eleven cents
• revenue: $4.89 billion; beats by $80 million
• I assume lots of reasons, but it certainly suggests company able to pass inflation costs onto the consumer

Geo-political: huge story; NATO getting huge boost

• Turkey: Sweden, Finland, fast-track into NATO; totally unexpected it would happen this fast
• more F-35s to UK -- I don't know full story yet, but this is fascinating; we can start here; much more to follow;
• Financial Times; expected paywall but able to access for some reason; look at this:
• US will establish PERMANENT HQ 5th Army Corps in Poland;
• US will send 5,000 additional troops to Romania
• US will increase rotational deployments in the Baltic states
• two squadrons of US F-35 fighters will be sent to UK; both squadrons will likely go to same US air base; probably RAF Lakenheath; possibly RAF Upper Heyford? RAF Mildenhall co-located with RAF Lakenheath? USAF bases in UK;
• will increase number of US naval destroyers to Spain from four to six:
• overall, NATO will increase number of troops to high alert by seven-fold; from 40,000 to 300,000
• is this the biggest military announcement since the days of Reagan?

Oil: it's unanimous -- everyone now saying what we knew all along -- mideast / OPEC+ spare capacity was and is a myth; many, many links;

• Saudi shortfall at Bloomberg via twitter;
• Saudi Aramco, also over at Bloomberg via twitter;
• Russia -- part of OPEC+ -- production over at twitter;
• Shell (?) CEO said same thing: space capacity not as much as some expect / hope

EVs: not to say that these aren't great trading stocks, but US EV companies fell off the shelf yesterday;
perhaps more later;

• I don't think anyone knows what's going on Tesla any more;

LNG: this is simply incredible; the 2020s will be the decade for fossil fuel

• Europe looking at twenty -- repeat, twenty -- new LNG import terminals
• US ready now to supply; Canada slow off the starting blocks 

Expensive water:

• I have to do more research on this: Topo Chico
• seems to be huge item here in north Texas
• link here;

Chart of the day: google. Link here.

Small font: hope you can read --

Most interesting news item today:

• FOX has huge -- very long -- article on Mitch McConnell's memoir, "The Long Game."
• But the memoir came out in 2019 and now it's getting traction.
• I never, never, never read a political memoir.
• I will be ordering the memoir from Amazon later today. 

Okay, that's it. This post is done. Stick a fork in it.

One last thing. Just remember, I did not start this. A reader sent it to me. Did Trump just lose Fox's Bret Baier? Link here. More than ever, it would be great to hear Rush's "take" on this. Even the opposition in the House is not "pushing back." I assume they are watching the polls, media spin. Again, I did not start this. A reader sent this to me.