What to watch for today
Pivotal rulings from the US Supreme Court. Closely watched decisions on same-sex marriage and government regulation of power plant emissions could arrive either today or Monday. It’s also the anniversary of two landmark Supreme Court cases that struck down laws banning gay and inter-racial marriage.
A seven-nation confab on Iran’s nuclear deal. Officials from the US, France, Russia, China, Britain, and Germany join Iranian foreign minister Mohammad Javad Zarif in Vienna to finalize limits on Iran’s nuclear program. The goal is to hammer out a deal for Iran to give up some of its nuclear ambitions in exchange for lifted sanctions before June 30.
The Apple Watch rollout continues. The device goes on sale in Singapore, South Korea, and Taiwan in Asia; Italy, Spain, and Switzerland in Europe; and in Mexico.
Argentinian GDP figures. The Latin American economy is expected to have grown 1.2% in the first quarter, from 0.4% in the fourth quarter last year.
While you were sleeping
More of Hillary Clinton’s emails are missing. The State Department said that 15 emails sent or received by the former secretary of state over Libya remain at large (paywall), raising questions over whether Clinton deleted work-related emails. Clinton used her private email address while in office, but said she handed over all work-related emails.
China’s stock market finally tanked. The CSI300, an index of both the Shanghai and Shenzhen stock exchanges, dropped 7.9%, its biggest one-day fall in seven years. Investors have more than doubled the value of China’s stock market over the past year, but expectations of a serious correction have been growing; analysts have advised clients not to buy stock.
European leaders didn’t really deal with its migrant crisis. A late-night meeting to discuss the settlement of 40,000 migrants ended with agreement to relocate them over the next two years—but failed to set any mandatory quotas across the bloc. Matteo Renzi of Italy, which has seen 50,000 arrivals this year so far, declared: “If this is Europe, you can keep it” (paywall).
A man was beheaded in a potential Islamist attack in France. An attacker set off several small explosives at a factory near Grenoble, before killing one man and injuring several others. Reports claim the man was carrying an “Islamist flag;” police have made at least one arrest, but the story is developing.
Tesco slowed its sales decline. Britain’s biggest retailer reported a better-than-expected 1.3% drop in fiscal first-quarter sales. The supermarket has lowered prices to compete with the recent popularity of budget supermarkets, and is still fighting to regain trust following a year in which it overstated profits and lost its CEO.
Green shoots in Japan’s economy. Core consumer prices rose 0.1% in May from a year earlier, slightly beating expectations that they would remain unchanged; household spending also rose, and the job market is at its best in 23 years (paywall). That will offer some welcome relief for Japan’s central bank, charged with raising inflation to 2%.
Quartz obsession interlude
Max Nisen on Facebook’s diversity update. “After following Google’s lead and releasing diversity statistics last year, Facebook provided its first update today. The good: There’s been some improvement. The bad: It’s clear that changing hiring practices and becoming more diverse is going to be a long process in Silicon Valley.” Read more here.
Matters of debate
Iran is about to become a free-for-all. Oil companies and other firms are preparing for the pariah country to reopen for business.
Thank Google for your fast broadband. The tech company’s investment in fiber-optic lines spurred cable companies to follow suit.
Revealing your salary to your partner is overrated. There’s a lot to be said for the autonomy of keeping that information private.
The US needs new nukes. Its current arsenal is rotting—and Russia isn’t getting any friendlier.
Obamacare deserved to live anyway, because it’s working. US health-care spending inflation has dropped markedly since its inception.
Bright lights can trigger big sneezes. The reflex is embedded in our DNA.
Germany is bringing back its deathtrap doorless elevators. They don’t stop, meaning passengers must jump in and out at the right floor.
Lululemon is recalling 300,000 workout tops that may attack your face. Hard-tipped elastic drawcords have injured seven people.
Oslo is making a highway for bees. Floral zones and rest stops will make the Norwegian capital more liveable for the endangered species.
Comedy Central is launching a 42-day “The Daily Show” marathon. It will stream all 2,000-plus episodes in order.
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