In Other Brews…

• Soccer fanatics are enjoying hemisphere-to-hemisphere coverage of two major tournaments. France faces Spain in the 2024 Euro Cup semifinals on Tuesday, while England plays the Netherlands on Wednesday. On this side of the pond, Colombia faces Uruguay in the Copa America semifinals on Tuesday, while Canada faces Lionel Messi (and the rest of Argentina’s team) on Wednesday.

• Beryl made landfall over southeast Texas overnight. Yesterday, meteorologists urged coastal Texans to prepare for the re-strengthening system's landfall and accompanying storm surge. Record-breaking Hurricane Beryl tore through the Caribbean last week, killing at least 11. It’ll move inland over the next few days, potentially bringing depression-strength wind and rain as far north as Illinois. 

• The labor market continues to (gradually) cool off. June’s jobs report showed employers added 206,000 jobs, slightly above expectations (200,000) but fewer than last month (218,000). Unemployment rose to 4.1%—its highest rate since October 2021—and average hourly earnings rose 3.9%.

• Tesla stock entered Ludicrous mode (not to be confused with Ludicrous+ mode) last week, climbing 27% over five days. The gains erased six months of losses. The stock’s rally came after Tesla reported it had delivered 443,000 cars in Q2—better than Wall Street expected but still down 4.8% from last year.

• It had been a couple of months since Caitlin Clark made history, but don’t worry… she’s back. She became the first rookie in WNBA history to record a triple-double (at least 10 points, 10 rebounds, and 10 assists). She had 19 points, 13 assists, and 12 rebounds in the Fever’s comeback win against the New York Liberty on Saturday.