Largest Texas Non-Oil & Gas Companies Total Pretax Income Deteriorated in 2019 ..... March 2019 Quarter Up 5%, June 2019 Quarter Down 4% and September 2019 Quarter Down 15% ..... Same Downtrend Just Less Pronounced as Texas Oil & Gas Companies' Comparable Profits in March 2019 Quarter Down 26%, June 2019 Quarter Down 35% and September 2019 Quarter Down 84%.

There were 25 Texas Non-Oil & Gas Companies with stock market caps above $10 bil in Mid-2019.

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for these 25 Texas Non-Oil & Gas Companies in each of the first three quarters of both 2019 and 2018.

		US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income			Income	Income
Texas Largest Non-Oil & Gas Companies		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
Reporting Quarterly Earnings to the SEC		Sept	Sept			June	June			March	March
in Each of the First Three Quarters of 2019 and 2018	Texas	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 $
AT&T	Dallas	4,886	6,207			5,073	6,780			5,371	6,141
Texas Instruments	Dallas	1,580	1,924			1,514	1,706			1,377	1,553
LyondellBasell Industries	Houston	1,105	1,347			1,175	1,634			1,020	1,534
Kimberly Clark	Irving	841	577			594	573			582	174
Southwest Air	Dallas	819	786			968	960			504	602
D R Horton	Arlington	660	608			627	616			463	445
Waste Management	Houston	615	597			497	609			462	511
Sysco Corp	Houston	582	538			682	593			431	365
Comerica	Dallas	372	381			385	419			424	335
Celanese	Irving	323	462			239	442			385	432
Yum China Holdings	Plano	300	534			377	357			299	509
Vistra Energy	Irving	159	525			502	31			301	(395)
Atmos Energy	Dallas	70	64			104	98			275	241
American Air Lines	Fort Worth	557	496			882	756			245	238
Crown Castle	Houston	277	169			250	185			216	118
CenterPoint Energy	Houston	332	209			224	(88)			191	212
CoPart	Dallas	202	149			187	133			204	171
Waste Connections	The Woodlands	202	203			189	181			154	157
Jacobs Engineering Group	Dallas	54	142			94	147			112	49
Match Group	Dallas	157	122			152	143			95	87
Lennox Intl	Richardson	144	134			140	185			83	44
Camden Property Trust	Houston	45	40			44	40			40	41
Invitation Homes	Dallas	34	1			39	(14)			21	(18)
McKesson	Irving	(970)	587			619	6			(633)	(1,094)
Dell Technologies	Round Rock	159	(995)			(111)	(468)			(143)	(623)
Total 25 Largest Texas Non-Oil & Gas Cos		13,505	15,807			15,446	16,024			12,479	11,829
….. % Change From Prior Year Quarter		-15%				-4%				5%

Such horrible earnings signal unhealthy future pay raises for the many already underpaid Texas non-executive employees.

Texas 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 Texas Company Top-Tier executives and their already massively underpaid, hardworking Texas 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.

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 Texas 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, Bloomberg accumulated his massive wealth on the backs of the declining US middle class and growing lower economic classes.  And by his punitively racial "Stop and Frisk" policy, many New York City people of color had their backs physically thrown against the wall.

And while he was accumulating his massive amount of wealth, Bloomberg was against unions.

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.