Skip to navigationSkip to content

Quartz Daily Brief—Asia Edition—India’s rates, Warren Buffett’s tweets, Intel’s new CEO, lead in lipstick

By Christopher Mims
Published Last updated This article is more than 2 years old.

Good morning, Quartz readers!

What to watch for today

Reserve Bank of India to cut rates again. Trying to revive a moribund economy, India’s central bank is expected to cut rates to 7.25%, even though it admits that previous rate cuts have done nothing for the economy.

US jobs report. Consensus prediction is 148,000 jobs created in April, but it could be lower, due almost entirely to actions by the US federal government.

European Commission releases its forecast for growth and unemployment in the EU. Perhaps you’ve heard that France and Spain have problems with debt.

Berkshire Hathaway hoedown. Come on down to Omaha, y’hear? For the annual shareholder’s meeting hosted by Warren Buffett, featuring, what else, a cookout. The main event is Saturday. You might also follow Buffett on Twitter—he just started tweeting this week.

Earnings today: Berkshire Hathaway, Royal Bank of Scotland, BNP Paribas, Man Group, Air France KLM, Adidas, Westpac.

While you were sleeping

The European Central Bank cut rates for first time in 10 months. Mario Draghi, ECB president, says he is “ready” to fight a recession.

Signs the US economy is doing all right. Truck sales are up! Jobless claims are down. But the sequester—aka America’s austerity program—is still a problem, says the Fed.

Intel announced a new CEO. Brian Krzanich is a classic Intel insider, and that’s exactly what the company needs. He’ll be focusing on mobile.

Earnings: LinkedIn’s sales were up 72%, but shares fell after hours as its forecast disappointed investors. Online reviews company Yelp continued to lose money, but its shares were up sharply because it raised its earnings forecast. Beam Inc. had its best quarter ever, as consumers hoarded Maker’s Mark bourbon on fears that the company planned to water it down. (Beam abandoned those plans in the face of an uproar.)

Quartz obsession interlude

Josh Meyer on how a Mexican drug lord is the master of global supply chains. “Initially, Guzman went outside of Mexico in response to the crackdown by former president Felipe Calderon that led to all-out war on the streets and more than 70,000 deaths. But, emboldened by success, he embraced a strategy of expansion and domination based on the principles of ‘deviant globalization.’” Read more here.

Matters of debate

If you want to improve working conditions in Bangladesh, boycott the Gap. They’re one of the manufacturers who refused to sign labor protection agreements.

Is the mobile industry failing theft victims? It would be pretty simple to shut down or locate stolen phones, but if you’re a phone manufacturer, why bother when it just means another sale?

Early adopters of Google Glass are damaging its brand. Google has to reign in these guys—and they’re all guys—before they make “Segway for your face” into a pejorative with teeth.

Is Iraq falling apart again? Killings hit a peak not seen since June of 2008.

Fracking is not going to get the US out of the Persian Gulf. Let’s get over “energy independence,” shall we?

Surprising discoveries

China has troops in India and no one knows why. In their defense, the border they crossed is unmarked.

79% of Americans get less than the recommended 2.5 hours of exercise a week. File this under unsurprising discoveries.

Many lipsticks contain lead. The average lipstick user is getting 20% of their daily recommended intake of heavy metals.

Commenters on federal regulations are exactly like internet commenters. At least this guy is short and to the point.

Our best wishes for a productive day. Please send any news, comments, recommendations for the best phone-finding app, and explanations for Chinese incursions into India to You can follow us on Twitter here for updates during the day.

Sign up for the Quartz Daily Brief 


, tailored for morning delivery in Asia, Europe, and the Americas.

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.