Tuesday, July 2

ByKevin Sheekey

England’s women’s football (soccer to us Americans) team plays the USA in the World Cup semi-finals today with a record number of viewers expected to watch. The match airs live on BBC1 at 8 pm BST (3pm EST on Fox).

The USA are the reigning world champions, three-time winners and tournament favorites. England coach Phil Neville said: “America has got that ruthless streak of wanting to win.”

The Lionesses match the US in confidence, but can they measure up? #Rapinoe2020

New Study: Too Many Fossil-Fuel Power Plants Jeopardize Climate Goals (National Geographic)
The implications are striking: To limit warming to 1.5°C., not only should no new fossil-fuel-using infrastructure be built, ever again, some existing power plants need to shut down early. Yet today, many new power plants are under construction or planned.

Climate of Hope: Texas Cities Decide to Move Forward Without Coal (Sierra Club)
The Gibbons Creek Power Plant, located in Garland, Texas, is the 291st coal plant to be retired since the beginning of the Sierra Club’s Beyond Coal campaign.

Duke and Duchess of Sussex to Instagram Fans: Save the Planet (The Telegraph – UK)
To raise awareness of climate change, Prince Harry and Meghan Markle started following 15 Instagram users including Greta Thunberg, film star Leonardo DiCaprio’s foundation and Michael Bloomberg.

Today in Financial News:
-New York Takes Back Crown as World’s Leading IPO Hub in First Half
(South China Morning Post)
-Green Bonds See Back-to-Back Months of Record Inflows (Axios)
-Asia’s Banks Must Brace for Worsening Storm, McKinsey Says (Bloomberg)
-Saudi Aramco to Restart Preparations for Mega IPO (Bloomberg)

UK Economy Watch:
-London Bankers Brace for Summer Gloom With Thousands of Job Cuts
(Bloomberg)
-U.K. Construction Posts Worst Month Since 2009 on Brexit Worries (Bloomberg)
-U.K. Factory Slump Deepens as Purchasing Manager’s Index Drops to Lowest Since 2013 (Bloomberg)

U.S. Independence Day:

Inspired by Kim Jong Un? Trump Asks for Tanks, Marine One and More for Grandiose July Fourth Event (Washington Post)
The cost of a military parade Trump had planned for last year was about $92 million, including $50 million in Defense Department costs, defense officials said at the time before cancelling the plans.

Gallup Poll: American’s Pride in U.S. Hits a New Low (Axios)
Americans’ pride in the U.S. has hit its lowest point since Gallup first asked the question in 2001: 70% of U.S. adults say they’re proud to be Americans; fewer than half (45%) are “extremely” proud.

How Influence Campaigns Work: New Study Suggests Russian Social Media Trolls Had Impact on 2016 Election (Axios)
Every 25,000 retweets of Russian accounts correlated to a 1% increase in Trump’s poll numbers one week later.

Aviation News: Boeing’s 737 Max Software Outsourced to $9-an-Hour Engineers (Bloomberg)
It remains the mystery at the heart of Boeing Co.’s 737 Max crisis: how a company renowned for meticulous design made seemingly basic software mistakes leading to a pair of deadly crashes.

Mike Bloomberg’s Management Advice: Don’t Undervalue Labor Force and Overcompensate CEOs (Economic Times)
“If and when you end up in an executive position, don’t make one of the fundamental mistakes that I see businesses and boards make all the time: Undervaluing their labor force, and over-compensating their CEOs,” Bloomberg said in his recent address to the Harvard Business School’s graduating class of 2019.

Supreme Court Today: Bloomberg LP Joins More than 200 Major Businesses File Landmark ‘Friend of the Court’ Brief in Support of LGBTQ Workers (Human Rights Campaign)
The historic number of companies — twice as many as previous LGBTQ non-discrimination briefs – represent more than 7 million employees and more than $5 trillion in revenue.

Sports section. Cori Gauff, 15, Upsets Her Idol Venus Williams at Wimbledon (New York Times)

Arts section: New ‘Junglescape’ Opens at MoMA PS1 (PS1.org)
The winning Young Architects exhibition, sponsored by Bloomberg Philanthropies, is now open at MoMA PS1 in Long Island City. ‘Hórama Rama,’ by Pedro & Juana, is an immersive junglescape, complete with waterfall, set within a 40-foot-high, 90-foot-wide cyclorama. On Saturday, July 6, PS1 hosts the season’s first Warm Up party. If you’re in the city this weekend: Go.


Best of Late Night.

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