Fly Charts: China's Trump Card and Retail's Data Fumbling
Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From shale activism to Deutsche Bank's poisoned chalice, here are four charts that tell you what you need to know in business today.
Long Division
The shale patch is ripe for consolidation, especially in the Permian and Eagle Ford basins -- and activist investors have taken note.
Source: Rystad Energy
Note: Permian data reflect only modern multi-stage fracking activity and exclude older, shallow tight-gas reservoirs.
Credit Limit
With U.S. tariffs on $153 billion of Chinese goods in the offing, Beijing's ability to retaliate in kind is all but maxed out -- but China still has some big cards to play.
Source: Bloomberg
Fixer-Uppers
Getting credit for being the CEO who rescues Deutsche Bank sounds nice in theory, but the job is a poisoned chalice.
Source: Bloomberg
Road Map
If market volatility has you freaked out, don't forget the classic safe haven of bonds.
Sources: Bloomberg, Federal Reserve, author's calculations
Note: Yield on 20-year U.S. government bonds from 1942 to March 1953, and average yield on 10-, 20- and 30-year U.S. treasuries from April 1953 to March 2018.
And don't miss Sarah Halzack on the bizarre lack of blowback retailers get for repeatedly fumbling our personal data: "I suspect some of the consumer complacency about the retailer security incidents simply reflects what's known as 'breach fatigue.' After you've had to replace a compromised card or dispute fraudulent charges so many times, it just starts to feel ordinary.
"But consumers should not accept these conditions as ordinary. Retailers and the payments industry will surely do better if they sense their customers will flee -- or at least be indignant -- if they do not."
To contact the editor responsible for this story:
Mark Gongloff at mgongloff1@bloomberg.net