Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Ralph Lauren's department-store conundrum to Brexit wounds, here are four charts that tell you what you need to know in business today.
And don't miss Liam Denning on Plains All American putting its foot in its mouth: "What Plains announced last night is actually the right thing to do. It is effectively saying that distributions from here on will be based on profits from the transportation and facilities businesses, while supply and logistics will be ignored (hence the cut). In drawing a clear line between the stable and volatile parts of its business, it is aligning expectations more closely with the requirements of MLP investors, which, by and large, crave steady distributions and a good night's sleep above all else.
The problem is those pesky word thingies."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
To contact the editor responsible for this story:
Mark Gongloff at email@example.com