Cryptophrenia

Fly Charts: Bitcoin's Mood Swings and GE's Human Cost Cuts

From Lululemon's flexibility to MLP misery, here are four charts that tell you what you need to know in business today.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Lululemon's flexibility to MLP misery, here are four charts that tell you what you need to know in business today.

Staff Infection

GE's power missteps are about to have a very large human cost -- job cuts that will likely lead to its lowest headcount in over a decade.

Source: Bloomberg, company filings

NOTE: Employee count for 2000-2004 comes from GE's 2004 10-K including restatements. Data for those years combines the given employee count at GE and that of GE Capital. 2017 estimate is based on simply subtracting the 12,000 jobs said to be cut in the power business from the 2016 count. Its not clear when exactly those cuts would happen. The final number may be higher or lower.

Intraday Breaks

Bitcoin's extreme volatility makes participating in the futures market for the cryptocurrency a dicey proposition for banks. But somebody is going to do it.

Source: Bloomberg

Stuck In The Mud

A sustained recovery has eluded MLPs, and they may be in limbo for some time to come.

Source: Bloomberg

Warrior Pose

Lululemon is navigating a difficult time for the athletic apparel business far more aptly than many of its rivals.

Source: Bloomberg

And don't miss Tim Culpan on Jack Ma's bicycle enabling: "You can't blame Ofo or Mobike for raising and spending money any more than you can blame the fabled scorpion: It's in their nature. But you can blame Jack Ma and Pony Ma, founders of Alibaba and Tencent, for being enablers of this ridiculous craze. It's not that bike rental is crazy. There's a lot to be said for pedal power as a last-mile solution. But the dockless model, coupled with the thousands of bikes being dumped in cities around the world, is making a mockery of the convenience and the environmental credentials of cycling."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Max Nisen in New York at mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

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