Good morning, Quartz readers!
We’ve just launched Power Moves, a series of stories examining the art of deal-making and conflict resolution. Over the next few weeks we’ll be launching additional stories. Check it out, and let us know what you think.
What to watch for today
China conducts provocative military exercises in the South China Sea. Through Thursday, China is cordoning off a region southeast of Hainan Island in defiance of last week’s ruling by an international court. China said it would continue construction on disputed islands and warned of “disaster” if rival navies continue their patrols.
Goldman Sachs struggles with the Brexit backlash. Earnings are expected to be higher, but only because last year’s results included a $1.45 billion fine. Revenue is expected to fall 15% and the bank’s outlook may be soured by the effects of the UK vote to leave the European Union.
Microsoft tries to ride high on the cloud. Its $26.2 billion LinkedIn purchase will likely make Azure and Office products even more attractive. But revenue is likely to be roughly flat due to the slow adoption of Windows 10 as PC sales drag.
While you were sleeping
An axe-wielding man attacked passengers on a German train. A spokesperson from the Bavarian interior ministry said the attacker was shot by the police. Four passengers were injured, three of them seriously, according to local media.
Netflix plunged after its user numbers came up short. The streaming video giant added 1.7 million new subscribers in the second quarter, well below its 2.5 million target. “We are growing, but not as fast as we would like or have been,” the company said, sending its shares down 14%.
The World Anti-Doping Agency called for a complete ban of Russian athletes. An independent investigation found that Russia systematically covered up the use of performance-enhancing drugs in almost every sport, from weightlifting to table tennis. The International Olympic Committee will hold a meeting on Tuesday to discuss.
The post-coup toll mounted in Turkey. The government has arrested 7,500 people and fired 9,000 police officers. Turkey is also demanding that the United States hand over a Pennsylvania-based cleric that it blames for the revolt.
The Republican convention got off to a rocky start. After a scene-stealing stunt by late-night host Stephen Colbert, the GOP event to nominate Donald Trump began with a boisterous but ultimately futile attempt by anti-Trump delegates to tweak the rules in their favor.
Quartz markets haiku
Not much conviction
In the markets, as we watch
Trump’s coronation
Quartz obsession interlude
Gwynn Guilford on the exclusion of “LGBT” from the Republican party platform. “The group, which meets every four years to articulate the party’s policy agenda, was hashing out language on the Orlando terrorist attack to add to the national security section…A delegate from the District of Columbia proposed adding that the attack was ‘on LGBT people’ to clarify that fact. In those three words lay an unprecedented source of controversy for the usually deadly dull platform committee.” Read more here.
Matters of debate
The attempted coup won’t hurt Turkey’s economy. That’s one small reason for optimism in an otherwise grim time for the country.
Silicon Valley’s future involves more partisan politics. Peter Thiel’s support of Donald Trump is just the beginning.
There won’t be a birth control pill for men anytime soon. Not because it’s impossible, but because the pharmaceutical industry isn’t motivated to try.
Surprising discoveries
Dozens of US nuclear bombs are precariously stored in a Turkish airbase. They are less than 100 miles from the Syrian border, where the US is bombing ISIL fighters.
Finally, it’s possible to serve draft beer on an airplane. Heineken and KLM took on the challenge of tapping kegs at altitude.
A mining company is saving a rare fish from extinction. The checkered pupfish can’t survive without the minerals supplied by British Gypsum.
Full-time jobs are best for young brains. Working more than 25 hours a week might impair cognitive function for people over 40.
The world is getting more exercise because of Pokémon Go. Fitness tracking data shows the mobile game triggered a massive surge in walking.
Our best wishes for a productive day. Please send any news, comments, checkered pupfish, and Pokémon-related fitness data to hi@qz.com. You can download our iPhone app or follow us on Twitter for updates throughout the day.