US Largest 1,665 Companies With Stock Market Caps Above $1 Bil Had Their Total Earnings Growth Decelerate Sharply Over Their Prior Year's Quarter From Up 55% in the December 2016 Quarter, Obama's Last Full Quarter in Office, To Up 37% in the March 2017 Quarter and To Up 17% So Far (99% Have Reported) in the June 2017 Quarter, Trump's First Full Quarter in Office ....................................................................................... Given the Magnitude of That Earnings Growth Downtrend, I'd Be Very Surprised If the Earnings Growth Weren't in the Single Digits in the Last Six Months of 2017 ....................................................................................... Total Earnings Growth of 17% in the June 2017 Quarter Drops Down To Only 7% Growth When All 154 US Oil & Gas Companies Are Removed ....................................................................................... The Trump Administration Has Resurrected From the Dead the Earnings of the 154 US Fossil Fuel Companies With June 2017 Quarter Total Earnings of $8.251 Bil vs June 2016 Quarter Total Losses of $13.436 Bil, a Total Earnings Improvement of a Staggering $21.687 Bil in Just One Quarter and of More Than $60 Bil in the First Six Months of 2017 ....................................................................................... After US Oil & Gas, the 247 US Technology Companies Lead the Pack, Despite Little Help From the Trump Administration, With June 2017 Quarter Total Earnings of $44.3 Bil, Up 30% From the $34.2 Bil Total Earnings in the June 2016 Quarter ....................................................................................... These 247 Tech Companies Total Earnings Growth of 30% Are Just For the Companies With June Quarter Ends and the 51 Additional Techs With Either April 2017 or May 2017 Quarter Ends Generated Second Calendar 2017 Total Earnings of Another $9.9 Bil, Up an Even Higher 54% over the Previous Year's Quarter ....................................................................................... With Much Help From the Astute US Fed Chair Janet Yellen, the Very Large Number of 469 US Financial Companies Including REITs, June 2017 Quarter Total Earnings Were a Massive $91.0 Bil, Up 15% From the $79.3 Bil Total Earnings in the June 2016 Quarter ....................................................................................... However, If MetLife Spinoff Brighthouse Financial, Which Reported $3 Bil of Net Derivative Losses in the June 2016 Quarter, and Icahn Enterprises, Which Recorded $1.5 Bil of Gains From Asset Dispositions in the June 2017 Quarter (And a Short Time Thereafter, Carl Icahn Resigned as a Key Financial Advisor to US President Donald Trump), Are Both Excluded, This 15% Total Earnings Growth For These Financial Companies in the June 2017 Quarter Drops Down To a Much Lower, But Still Fine 10% .......................................................................................So the Trump Administration Takes Actions To Dramatically Pump Up the Profits of US Oil and Gas, Coal, Steel, Aluminum and Other Basic Materials and One of Trump's Key Financial Advisor Carl Icahn's Firm Sells 27,000 Railcars, which hold these Trump Pumped-Up Basic Materials, for a $1.5 Bil Gain, to the Japanese and Nobody Sees Anything Wrong With This? Bob Mueller Should Be Taking a Closer Look at This One Too ....................................................................................... The Rest of the June 2017 Quarter Earnings News Pretty Much Sucks: It's Easy For Me To See Why Many Savvy CEOs Are Now Abandoning the Trump Administration, It's Not Just Because of Charlottesville ....................................................................................... The US Health Care 190 Companies Generated Total Earnings of $23.8 Bil in the June Quarter 2017, Down 11% From the June Quarter 2016 Total Earnings of $26.6 Bil ....................................................................................... The Retail-Related 52 US Companies With June Quarter Ends Had Their Total Earnings Decline By 5% in the June 2017 Quarter, Consistent With the 4% Total Earnings Decline By the 57 Much Larger US Retail-Related Companies With April or May Quarter Ends ....................................................................................... The 37 US Motor Vehicle-Related Companies Had Their Total Earnings Decline By 5% in the June 2017 Quarter ................................................................................. Probably the Worse News Is That the 267 Manufacturing Companies, Where Many of the Good-Paying US Jobs Are Located, Generated Total Earnings in the June 2017 Quarter of $47.0 Bil, Down 7% From the June 2016 Quarter Total Earnings of $50.6 Bil ....................................................................................... On One Good Earnings News Front, the Remaining 249 US Companies in All Kinds of Other Industries Posted June 2017 Quarter Total Earnings of $34.3 Bil, Up 8% From the June 2016 Quarter Total Earnings of $31.8 Bil, With This 8%, or $2.5 Bil Increase All Driven in Real Terms By Hotels (Up $1.2 Bil), Electric Services (Up $1.0 Bil) and Coal (Up $0.4 Bil)

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the 1,665 Companies headquartered in the US with Stock Market Capitalizations of Above $1 Bil very recently, which have June Quarter Ends and which have filed their June 2017 Quarter Financial Statements with the SEC.  Traditional Predominately Regulated Utilities were excluded.

The chart below shows a summary by Industry of the Total Reported US GAAP Earnings (Losses) From Continuing Operations for the Quarters Ended June 2017 and 2016 for these 1,665 US Companies.

		June	June
		2017	2016
		Quarter	Quarter	Total	Total
		Total	Total	Net	Net
		Net	Net	Income	Income
		Income	Income	Better	Better
Industry	# of Cos	(Loss)	(Loss)	(Worse)	(Worse)
		$ mils	$ mils	$ mils	%
Oil & Gas	154	8,251	(13,436)	21,687	NM
Technology	247	44,293	34,201	10,092	30%
Financial	469	90,953	79,299	11,654	15%
Health Care	190	23,772	26,572	(2,800)	-11%
Retail Related	52	5,413	5,691	(278)	-5%
Motor Vehicle Related	37	7,468	7,852	(384)	-5%
Manufacturing	267	46,978	50,583	(3,605)	-7%
Other Industries	249	34,335	31,780	2,554	8%
Total	1,665	261,463	222,542	38,921	17%