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Good morning, Quartz readers!
What to watch for today
Banks get their exam results. The Federal Reserve reveals the findings from the final stage of its [2018 stress tests at 4.30pm]( (paywall). Investors want to know whether Goldman Sachs and Morgan Stanley can increase payouts to shareholders, while Deutsche could be the class dunce again.
Details of the Trump-Putin summit are announced. A time and place [were agreed upon yesterday]( in Moscow, after national security adviser John Bolton met Russian president Vladimir Putin. Itâs likely to happen in mid-July, when Trump is in Europe for a NATO meeting.
Nike steps up to the plate. After three disappointing quarters, investors are hopeful Nikeâs fourth-quarter earnings show a [positive turnaround]( in its core North American market. Itâs expected to post a rise in quarterly revenue and profit thanks in part to the VaporMax and AirMax270.
Healthy results from Walgreen Boots? Its third-quarter results are [expected to be positive]( thanks to a robust retail-prescription market and the integration of Rite Aid stores into its operations.
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While you were sleeping
Trump celebrated the departure of Supreme Court justice Anthony Kennedy. At a rally in North Dakota, he said he was âhonoredâ the judge was stepping down, and that his retirement made â[Senate control one of the vital issues of our time]( Trump, who appointed justice Neil Gorsuch in 2017, will now have the opportunity to fill a second Supreme Court seat.
A plane crashed in a busy part of Mumbai. Indian police said the chartered plane [came down]( in the Ghatkopar district of the countryâs financial capital around Thursday lunchtime. Fire officials [told BBC Marathi]( that the dead included four people on the flight and one person on the ground.
Amazon unveiled a new delivery strategy. From today, anyone with a spare $10,000 can apply to [deliver Amazon Prime packages]( in leased Amazon-branded vans. Itâs part of the online retailerâs strategy to tackle that tricky âfinal mileâ of delivery and eat into UPS and Fedexâs territory.
H&M had a disastrous 2018 so far. The worldâs second-biggest fashion retailer said pre-tax profit plunged 22% in the first half of the year, as it struggled with [too much inventory and flat sales]( (paywall). The Swedish company has had a hard time following Zaraâs lead in terms of online shopping and getting styles quickly into stores.
China rejected US requests for leeway on how to refer to Taiwan. [Beijing refused to budge]( on its insistence that airlines refer to Taiwan as a Chinese territory on their websites, despite pleas from Delta and United for more time to make the changes. The White House called it âOrwellian nonsenseâ in May, and sources told Reuters that this âhas definitely become a foreign policy issue.â
Quartz Obsession interlude
Corinne Purtill and Dan Kopf on how happiness doesnât change much in long-term marriages. âAfter a dip in the first decades when work and family obligations consume a coupleâs time, the frequency of shared activities increased. By the fourth decade of marriage, couples reported spending as much time dining, socializing, and having fun together as they did when they were newlyweds.â [Read more here](.
Matters of debate
Amazon Prime isnât worth it anymore. The program is getting pricier, and its âfreeâ shipping [encourages you to spend more](.
Full-time work shouldnât start until 40. Delaying employment and retirement would free up time [for education and family]( early in life.
Philosophy is pointless. It doesnât work [towards a specific goal]( and always gives inconclusive answers.
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Surprising discoveries
Norway and Sweden are having a row over reindeer. Norway is [threatening to cull]( Swedish reindeer that wander across the border.
A Gmail plugin can help you stop apologizing. It highlights phrases like âI might be wrongâ and gives you tips for [writing stronger messages](.
The worldâs fattest hedgehog is slimming down. Arbuckle, who is four times heavier than his peers, is being put on a [diet and exercise program](.
Underground growers are leading the global cocaine resurgence. Crackdowns on coca farming prompted Colombian farmers to try [more modern, less obvious methods](.
Antarctic ice sheets are testing the Earthâs limits. A reading of -98º C (-144º F) is about [as low as temperatures can go](.
Our best wishes for a productive day. Please send any news, comments, blanket apologies, and obese hedgehogs to hi@qz.com. You can follow us [on Twitter]( for updates throughout the day or download our [apps for iPhone]( and [Android](. Todayâs Daily Brief was written by Jill Petzinger and edited by Lianna Brinded.
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