Fly Charts: Tariff Complacency and a Recipe for M&A Failure – Bloomberg

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Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From record health-care debt to family takeovers, here are four charts that tell you what you need to know in business today.

Magic Number?

The Nordstrom family may be only a small bid bump from taking control of the company it founded.

Source: Bloomberg

Circle of Friends

Investors shouldn’t be so quick to dismiss the possible damage of President Trump’s tariff crusade.

Source: Kyle Handley, University of Michigan

Merger Thermometer

Based on predictors of M&A cancellations, AT&T’s Time Warner deal is much more likely to fall apart than a normal transaction.

Source: S&P Global Market Intelligence (as of Feb. 27)

Raising the Debt

Remaking the American health care system is hard enough without a $70 billion debt load.

Source: Bloomberg

And don’t miss Shira Ovide on Spotify’s warning for Apple: “The company’s document for its public stock listing highlights how tricky it is to turn a profit in digital music. Spotify Technology SA’s gross profit margin drastically improved last year thanks to new contracts with the record labels, but the company is still doling out 75 to 80 cents of every dollar in revenue to its music industry partners, and for some other basic costs of providing its product. That makes it tough for Spotify to turn a profit.”

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

To contact the editor responsible for this story:
Mark Gongloff at

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