Truth or Dare

Fly Charts: Elliott's Line in the Sand and Discounting Bitcoin Futures

From oil-champion lessons to the heart of English bureaucracy, here are four charts that tell you what you need to know in business today.
Photographer: Paul Kane/Getty Images

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From oil-champion lessons to the heart of English bureaucracy, here are four charts that tell you what you need to know in business today.

Not Even Close

Elliott's NXP valuation is a very expensive line in the sand for Qualcomm.

Source: Elliott presentation, Bloomberg

Country Feedback

There is a lot that Aramco can learn from the many mistakes and low valuations of most national oil companies.

Source: Bloomberg

Note: Emerging NOCs are Rosneft, PetroChina, Sinopec, Cnooc and Petrobras. IOCs are Exxon, Chevron, Shell, BP and Total.

Futures Look Bright

Bitcoin futures paint a rosy picture for the future of the cryptocurrency. But investors shouldn't read too much into them yet.

Source: Bloomberg

London Calling

Moving civil servants out of London is easier to promise than to actually do.

Source: Office for National Statistics

And don't miss Gillian Tan on the benefits of diverse boards: "An MSCI study published this month shows just seven companies in its key global index, comprised of more than 2,500 members, have boards that are dominated by women. But of these seven, more than half have outperformed their industry peers. The list is led by luxury retailer Kering FP, which has seven women on its 11-person board. The Gucci owner has outperformed the entire index as well as the more-specific consumer discretionary index not only on a year-to-date measure, but also since the company added two more female directors in April 2016 to put women in the majority."

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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