Update On: Largest San Francisco, California Bay Area Non-Technology Companies Total Pretax Income Completely Collapses in the Last Half of 2019 ..... Up 16% in the June 2019 Quarter, Down 37% in the September 2019 Quarter and Then Down 96% in the December 2019 Quarter

There were 12 San Francisco, California Bay Area Non-Technology Companies with stock market caps above $20 bil  about three months ago.  

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the San Francisco, California Bay Area Non-Technology Companies in each of the last 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
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
San Francisco Bay Area Largest Companies		Dec	Dec			Sept	Sept			June	June
Non-Technology Companies	California	Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Market Caps Above $20 Bil	City HQs	2019	2018			2019	2018			2018	2017
		mils $	mils $			mils $	mils $			mils $	mils $
Wells Fargo	San Francisco	3,602	7,120			6,116	7,598			7,632	7,119
Gildead Sciences	Foster City	1,901	1,016			(1,501)	2,664			2,410	2,086
Charles Schwab Corp	San Francisco	1,112	1,210			1,236	1,219			1,236	1,131
Ross Stores	Dublin	482	444			548	518			542	542
Prologis	San Francisco	448	709			504	389			437	379
Intuitive Surgical	Sunnyvale	432	359			399	335			392	296
Digital Realty Trust	San Francisco	348	47			72	93			66	90
Tesla	Palo Alto	232	174			176	271			(370)	(729)
Agilent Technologies	Santa Clara	231	244			222	242			218	227
Equinix	Redwood City	162	136			179	143			191	74
Align Technology	San Jose	156	122			128	127			194	118
Chevron	San Ramon	(8,405)	4,898			4,049	5,699			5,935	4,905
Total all 12 Companies		701	16,479			12,128	19,298			18,883	16,238
….. % Change From Prior Year Quarter		-96%				-37%				16%

Such a precipitous earnings reversal in the last half of 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.