Good morning, Quartz readers!
What to watch for today
Brexit crushes global markets. The UK vote to leave the European Union sent the pound sterling to its lowest levels since the 1980s, and stocks around the world tanked. It could be a rough day ahead.
Donald Trump enjoys Scotland. The presumptive Republican candidate for US president, taking a break from his floundering campaign, is opening a golf course in a country where he’s despised by locals. Asked about Britain leaving the EU, he said, “I think it’s a fantastic thing.”
The new Panama canal opens. It’s a $5.4 billion fast lane for global shipping, designed to accommodate massive new container vessels. It took 10 years and 40,000 workers to widen the canal, though global shipping is currently in a deep slump.
While you were sleeping
British voters opted to leave the European Union. The “leave” side prevailed early morning local time. The surprise result will rattle Europe and shape the nation’s place in the world for years to come. Oil prices plunged on the news, weakening with most commodities. But gold performed well (paywall), as did bitcoin.
Britain’s prime minister said he’ll leave his post by October. David Cameron had urged his country to remain in the EU, and warned of economic and security consequences if it left. Shortly after it voted to leave anyway, he made his announcement.
Indonesia halted coal exports to the Philippines after more kidnappings. Its foreign ministry reported the abduction of seven Indonesian sailors, and said it’s worried piracy in the Sulu Sea area could reach levels previously seen in Somalia. The incident follows similar kidnappings of its seamen in recent months.
Jeep Grand Cherokee owners hit Fiat Chrysler with a US lawsuit. They’re suing the company for not doing enough (paywall) when recalling more than a million vehicles equipped with defective shifters. The problem can confuse drivers and let them exit without placing the car in “park”—which could have led to this week’s death of Star Trek actor Anton Yelchin.
Quartz obsession interlude
Alison Griswold on the unbearable whiteness of Airbnb-ing. “Airbnb has publicly condemned discrimination, but fixing it is much tougher. It can’t be debunked like a hotel industry report or lobbied away like restrictive rental regulations. Unlike any problem Airbnb has faced before, discrimination is poisoning the platform from within.” Read more here.
Matters of debate
British voters just handed Donald Trump a gift. Brexit injects new energy into populist currents and could damage the US’s recovery ahead of presidential elections.
Millennials love a good side hustle. Thanks to the 2008 financial crisis, second jobs are essential to a younger generation trying to get by.
Artificial intelligence suffers from a dude problem. Without more female engineers, AIs will be just as biased as their human creators.
Surprising discoveries
Steve Jobs helped the Cleveland Cavaliers win the NBA title. LeBron James played a commencement speech by Jobs to motivate his teammates.
Alphabet’s latest robot can do the chores and shake its booty. The SpotMini looks a little bit like a twerking giraffe.
Elon Musk’s brother is opening a restaurant where everything is $5 or less. Kimbal Musk will have an uphill battle to undercut chains like Chipotle.
Lightning disproportionately targets the poor. Rural homes don’t have enough plumbing or wiring to divert the electrical shock.
KFC is serving fried-chicken boxes that double as phone chargers. The fast-food chain is giving them away in Delhi and Mumbai.
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