Tim Cook is stepping down. No one is shocked. And that’s a good example of how his critics always underestimated him. 

Good morning. On Fortune’s radar today:

• Tim Cook’s critics always underestimated him.
• Markets: So far, so good.
• Fed chair nominee Kevin Warsh’s $7 trillion plan for the bond markets.
• Trump hints Iran war could last longer than estimated.
• Quantum computing might be further away than you think.
• Countries of the world ranked by “hopefulness.”

This story was originally featured on Fortune.com

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