From the BBC World Service: Thousands of Sri Lankans have tried to storm the offices of Prime Minister Ranil Wickremasinghe after he became interim president of the country. Russian and Ukrainian delegations are in Turkey to discuss ways to get millions of tons of grain exported from Ukraine. We hear how Nigeria is working to plant more coconuts in an effort to cut its reliance on imports.

The operator of the Texas power grid is asking people to not run their air conditioners as much in the face of blazing summer heat. Jeffrey Cleveland of Payden & Rygel joins us to discuss the state of the markets and where the Fed plans to take interest rates. Inflation and other factors haven’t stopped businesses popping up in rural parts of the country.

With our friends from “Million Bazillion,” we discuss why talking to kids about money should be a regular thing. We’ve entered the window of time for the reporting of second quarter earnings, but the specter of inflation has cast a shadow over companies’ expected profit numbers. Unpaid medical debts are about to stop weighing down credit reports. 

From the BBC World Service: For the first time since 2002, the Euro and the dollar are flirting with parity. Russia has taken the Nord Stream 1 pipeline offline for routine maintenance, and today Norway is reducing the supply of natural gas sends to Europe because of an incident at one of its gas fields. The gas fields of the Netherlands are another option for Europe – though not one without problems.

The Department of Transportation has wrapped up 10 investigations into denied or delayed refunds for airline customers following waves of disrupted flights during the pandemic. Maintenance has begun on the Russia-to-Germany gas pipeline, but there are concerns that gas might not get turned back on. Fire season approaches for California, and we discuss the state’s readiness for it.

Twitter stock is down after Elon Musk has decided to pull out of his deal to acquire it, and we look into the potential saga surrounding the billion-dollar breakup fee. Employment in manufacturing has risen to pre-pandemic levels. The video game industry, which boomed during the pandemic, could see its growth start to slow down in the face of inflation and the fact that more people are heading outside.

From the BBC World Service: Sri Lanka’s president has fled the country and confirmed he’ll leave his post. Economists say any delay to its debt negotiations could plunge the country further into uncertainty. Ten days of annual summer maintenance work has begun on the Nord Stream 1 pipeline, which carries natural gas supplies from Russia to Germany. But there are fears that gas flows won’t return after the scheduled outage. 

The Labor Department’s report this morning shows the U.S. added 370,000 jobs in June, which leads us into our discussion with Julia Coronado of MacroPolicy Perspectives. The Great Resignation is showing slight hints of slowing down. Even in the face of inflation, gig work still appears to be a solid option for a lot of people.

We preview this morning’s upcoming jobs report for June, where the data could be an indicator of how the Fed could handle another interest rate hike. Shinzo Abe, Japan’s former prime minister, has died after being shot during a campaign event. Author Kathryn Judge discusses the place of middlemen within the current economic climate.