Largest Los Angeles, California Area Companies Total Pretax Income For the Nine Months Ended December 31, 2019 Declined By 13% From the Comparable Prior Period ..... Exclusive of California Wildfire Losses, the Decline Was a Higher 21%.

There were 15 Los Angeles, California Area Companies with stock market caps above $10 bil  three months ago.

From a review of SEC filings, below are the US GAAP Pretax Income (Loss) From Continuing Operations for each of these 15 Los Angeles, California Area Companies in the December quarters, in the September quarters and in the June quarters of both 2019 and 2018.

		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
		Dec	Dec			Sept	Sept			June	June
Los Angeles, California Largest Companies	California	Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Market Caps Above $10 Bil	City HQs	2019	2018			2019	2018			2019	2018
		mils $	mils $			mils $	mils $			mils $	mils $
Walt Disney Co	Burbank	2,632	3,431			1,258	3,202			2,018	3,854
Amgen	Thousand Oaks	1,983	2,185			2,277	2,094			2,564	2,647
CBRE Group	Los Angeles	539	496			322	387			286	300
Activision Blizzard	Santa Monica	447	690			249	212			370	408
Public Storage	Glendale	387	588			399	380			371	405
Monster Beverage	Corona	321	311			399	343			382	358
Edwards Lifesciences	Irvine	316	(2)			302	249			271	251
Alexandria Real Estate Equities	Pasadena	216	(19)			(36)	219			87	61
Avery Denison	Glendale	165	88			180	168			189	140
Teledyne Technologies	Thousand Oaks	130	107			123	100			128	104
Edison International	Rosemead	107	(2,216)			480	627			344	289
The Trade Desk	Ventura	54	49			24	22			33	25
HealthPeak Properties	Irvine	40	834			(41)	99			(10)	88
Live Nation Entertainment	Beverly Hills	(130)	(130)			221	200			145	95
Snap Inc	Santa Monica	(240)	(192)			(229)	(325)			(254)	(352)
Total all 15 Companies		6,967	6,220			5,928	7,977			6,924	8,673
….. % Change From Prior Year Quarter		12%				-26%				-20%
Edison Intl Wildfire Losses Included Above		262	2,669
Total all 15 Cos Excluding Edison Intl Wildfire Losses		7,229	8,889
….. % Change From Prior Year Quarter		-19%
Nine Months Ended December As Reported
….. 2019			19,819
….. 2018			22,870
………. % Decline			-13%
Nine Months Ended December excluding Wildfire Losses
….. 2019			20,081
….. 2018			25,539
………. % Decline			-21%

Such horrible earnings in the most recent nine months ended December 2019, coupled with the huge CoronaVirus Losses which will start hitting the books in 2020, signal future very unhealthy pay raises for the many already underpaid California non-executive employees.

California Company non-executive workers really have had the deck stacked against them for decades versus what is going on with the sky-high annual percentage pay and employee benefit raises of their Companies' Top-Tier Executives.

So which 2020 Democratic Presidential candidate could best help close this massive annual percentage pay raise gap between California Company Top-Tier executives and their already massively underpaid, hardworking California non-executive employees?

More than anything needed to solve this thorny problem is to possess exceptionally strong financial and data science skills, coupled with a keen understanding of how businesses operate.  And you also must have a high degree of  economic fairness. 

Joe Biden, Bernie Sanders, Elizabeth Warren and Amy Klobuchar all have little if any financial acumen, no data science understanding and little if any understanding of how businesses operate in this fast-changing world.

Further, all four of them worked for the US Government, particularly in the past ten years, when these comparative pay raise results of Top-Tier Executives and non-executive employees were so horrendous, not just in California but also in every other US State.  

On the positive side, all four of them have a high degree of economic fairness.

Michael Bloomberg has both the financial acumen and the understanding of how businesses operate.  

But he has no data science expertise. 

Also and most important of all, Bloomberg has a low degree of economic fairness.  

In the many years he was accumulating his wealth of $60+ bil, US income inequality expanded dramatically in each year by leaps and bounds.  

So, like many US business tycoons with their sole fixation on maximization of Company profits, Bloomberg accumulated his massive wealth on the backs of the declining US middle class and growing number of people dropped to the lower economic class.  

And while he was accumulating his massive amount of wealth, Bloomberg was strongly anti-union.

And by his punitively racial "Stop and Frisk" policy, many New York City people of color were singled out and physically thrown against the wall.

I think there is only one Democratic Presidential candidate who has the requisite financial acumen, data science skills, understanding of how business operate and economic fairness to help turn the tide around on this massive, continuing US income inequality expansion caused mainly by the massive gap in annual percentage pay raises between executive and non-executive employees  ..... Pete Buttigieg.