Good morning. On Fortune’s radar today:

• Analysts are asking whether Nike should ditch Converse, a brand in free fall.
• Markets: Lots of things going wrong.
• Chart: How the U.S. government spends more than it takes in.
• AI is “too big to fail.”
• Say goodbye to your favorite office clichés—Gen Z doesn’t understand what they mean.

This story was originally featured on Fortune.com