Update on Largest Virginia Companies Total Pretax Income Declined By 28% in Annual 2019 From Annual 2018 ..... Second Half of 2019 Total Pretax Income Declined By 35% From the Second Half of 2018 ..... And the First Half of 2019 Total Pretax Income Declined By 22% From the First Half of 2018.

There are 19 Virginia Companies with stock market caps above $10 bil recently.  

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for these 19 largest Virginia Companies in each of the four quarters of both 2019 and 2018.

		US	US			US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income			Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
		Dec	Dec			Sept	Sept			June	June			March	March
Virginia Largest Companies	Virginia	Quarter	Quarter			Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Market Caps Above $10 Bil	City HQs	2019	2018			2019	2018			2019	2018			2019	2018
		mils $	mils $			mils $	mils $			mils $	mils $			mils $	mils $
Capital One Financial	McLean	1,448	1,243			1,704	1,921			2,003	2,492			1,719	1,662
Dominion Energy	Richmond	1,273	757			1,036	1,145			101	566			(563)	661
General Dynamics	Reston	1,214	1,132			1,090	1,023			983	970			915	960
Norfolk Southern	Norfolk	828	930			868	908			934	924			861	707
Willis Towers Watson	Arlington	675	477			100	36			187	74			360	264
Markel	Glen Allen	641	(930)			262	519			650	361			733	43
Dollar Tree	Chesapeake	317	340			228	338			344	207			(2,194)	692
NVR Inc	Reston	295	277			267	250			245	242			219	191
Hilton Worldwide	McLean	243	266			421	293			362	298			218	221
CarMax	Richmond	228	248			306	289			351	320			256	210
Leidos Holding	Reston	227	150			214	170			179	165			246	125
Verisign	Reston	185	234			193	178			190	165			190	152
Huntington Ingalls Industries	Newport News	172	219			198	295			164	262			149	195
AvalonBay Communities	Arlington	166	385			291	192			168	255			170	142
Booz Allen Hamilton	McLean	147	140			148	120			156	137			118	106
Advance Auto Parts	Roanoke	120	70			161	147			166	157			191	181
AES Corp	Arlington	105	346			424	332			118	342			354	998
Northop Grumman	Falls Church	(569)	403			1,055	1,364			1,028	976			1,034	999
Altria Group	Richmond	(1,223)	1,710			(2,128)	2,608			2,601	2,557			1,516	2,466
Total all 19 Virginia Cos		6,492	8,397			6,838	12,128			10,930	11,470			6,492	10,975
….. % Change From Prior Year Qtr		-23%				-44%				-5%				-41%
Four Quarters Total Pretax Income
….. 2019		30,752
….. 2018		42,970
………. % Decline		-28%
Second Half 2019		13,330
Second Half 2018		20,525
….. % Change From Prior Year Period		-35%
First Half 2019		17,422
First Half 2018		22,445
….. % Change From Prior Year Period		-22%

Such horrible pretax earnings in all of 2019, coupled with the huge CoronaVirus Losses which will start hitting the books in 2020, signals future very unhealthy pay raises for the many already underpaid Virginia non-executive employees.

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

On another matter, the very recent Nevada election caucus counts seem very strange to me.

I suggest that it is mathematically impossible for Pete Buttigieg to get a 17.3% Final Vote, which is already after the voter redistribution for the 15% threshold effect, which miraculously dropped down by 17% to only 14.3% in the Nevada County Convention Delegate Vote without some unfair actions to have occurred.

It is even more mathematically impossible for Amy Klobuchar to get a 7.3% Final Vote which dropped down by an amazing 42% to only 4.3% in the Nevada County Convention Delegate Vote without some unfair actions to have occurred.

So, Joe Biden got a Not First Vote but Final Vote of 18.9% in Nevada just edging out Pete Buttigieg's Not First Vote but Final Vote of 17.3%.  But unlike Pete's 17% dramatic drop in the Nevada County Convention Delegate Vote, for some strange reason Biden's Nevada County Convention Vote increased by 7%.

End result, Biden got 9 delegates and Pete only got 3 delegates, even though Biden got a final vote  of 18.9% and barely edged Pete's final vote of 17.3%.  

What you have here is massive vote count corruption in the Nevada Democratic establishment in favor of Democratic establishment candidate Joe Biden.  And the Democratic establishment is asserting that Russia is subverting the US election when it's a drop in the bucket as compared to how the US State Democratic establishments including Nevada are corrupting the vote count?

And all of the Nevada election workers have to sign Non Disclosure Agreements to work there.  I now understand why.

This is why many people have so little trust in the Democratic Party establishment and now realize that the deck is stacked against any Democratic Presidential candidate other than Joe Biden and thus it only makes sense that some of them will probably react by not voting for Democratic establishment candidate Joe Biden in the Super Tuesday US States.

And for someone to loudly assert many times during the South Carolina primary, where 67% of the voters are black, that he was arrested for Nelson Mandela like Joe Biden did when he actually didn't get arrested for Nelson Mandela, it reveals that Joe Biden is either an opportunistic liar or senile and either way, he has no business being US President.