🏖️ Happy holiday Saturday! Does your best friend get AM? Invite 'em to sign up.
🎯 Situational awareness: A 7.1 earthquake struck Southern California last night, again centered near Ridgecrest, in Kern County — the second big shake in less than two days, "adding more jitters to an already nervous region." (L.A. Times)
Illustration: Rebecca Zisser/Axios
Job prospects are finally rising for people of color, Axios markets reporter Courtenay Brown writes.
Driving the news: June's hiring surge calmed fears that the labor market is rapidly slowing down. But falling jobless rates haven’t caused the usual upswell in wages, and thus, inflation.
One of the people who talked to the Fed in Chicago about the on-the-ground experience was Maurice Jones, CEO of Local Initiatives Support Corporation.
Between the lines: The labor force participation rate for African-Americans — which counts both people with jobs and those who are actively looking for work — has been catching up to the labor force participation rate for white people at a rapid pace, reflecting optimism about prospects for employment.
But pay hasn't picked up much. Wage growth, which has accelerated in recent months, pales in comparison to previous economic expansions.
What’s next: The Fed’s next listening session will be July 16 in Atlanta, weeks before the Federal Open Market Committee convenes on July 30 for a highly anticipated meeting that may result in the first interest rate cut since 2008.
How it's playing ... Wall Street Journal lead story: "Jobs Report Allays Fear of Slowdown."
In one drawing, stick figures sleep on the ground under blankets watched by other figures with hats, AP reports:
The drawings were made by children at the Catholic Charities Humanitarian Respite Center in McAllen, Texas, who were asked to depict their experiences in Border Patrol custody.
What's new: A "screen-free parenting coach" economy has sprung up around the country, the N.Y. Times' Nellie Bowles writes:
Why it matters: "Among affluent parents, fear of phones is rampant ... The wild look their kids have when they try to pry them off Fortnite is alarming."
"Haunted by the Reagan era ... Past defeats still scare older Democratic leaders — but not the younger generation," Ryan Grim, Washington bureau chief of The Intercept, writes in the lead story of tomorrow's WashPost Outlook:
🎂 P.S. Nancy Reagan would have turned 98 today.
Spoiler: It can.
"Scientists Are Giving Dead Brains New Life. What Could Go Wrong? In experiments on pig organs, scientists at Yale made a discovery that could someday challenge our understanding of what it means to die," Matthew Shaer, a writer at large for the N.Y. Times Magazine, reports in tomorrow's cover story:
In recent years, some scientists have moved from the study of the organic tissue to the wholesale creation of artificial brain matter.
Grown from human stem cells reprogrammed to act like neurons, brain organoids, or 'mini brains,' can mimic some of the functions of their biological counterparts — last year, for example, the biologist Alysson Muotri announced that his lab at the University of California had grown brain organoids with neurons that fired at a level consistent with that of a preterm infant.
Muotri has said he hopes to use the creations to research brain function and formulate disease models without buying lab animals or expensive specimens from brain banks.
Cori "Coco" Gauff, the 15-year-old from Delray Beach, Fla., pulled off a huge upset at Wimbledon's Centre Court yesterday, "a third-round thriller that saw her come back to beat Slovenian Polona Hercog 3-6, 7-6, 7-5," USA Today reports:
Flashback: ESPN, Jan. 4, 2017 ... "Why 12-year-old Cori Gauff hopes she'll be the greatest of all time":
📱 Thanks for reading Axios AM. Invite your friends, relatives, co-workers to sign up here.