Good afternoon. Today's PM is 560 words, a 2 minute read.
Situational awareness: The Trump administration has dropped its attempt to add a citizenship question to the 2020 U.S. census.
P.S. 🇺🇸 The U.S. Women's National Team beat England in a fierce 2-1 semifinals match.
Photo: Mikhail Metzel/TASS/Getty Images
International Monetary Fund head Christine Lagarde will be the first woman to run the European Central Bank — and the first without central banking on her resume — after being nominated today to replace Mario Draghi at the end of October.
Why it matters: The Eurozone is already running negative interest rates, with the prospect of more stimulus coming, Bloomberg notes.
The full slate of nominees:
Between the lines: "The choice of Ms. Lagarde will be a surprise to many," the WSJ reports.
The bottom line, via Axios' Felix Salmon: Lagarde has done an excellent job of leading the IMF, and she also ran the French Treasury with aplomb during and after the global financial crisis. She is not an economist, but she has the respect of markets.
Above: Tourists and astronomers arrive at La Silla European Southern Observatory in Chile for today's total solar eclipse over parts of Chile and Argentina.
Below: The main event.
A coffee stand at Cypres Creek High School in Orlando, Florida. Photo: Orange County Public Schools via AP
"Coffee bars selling $3 iced lattes are popping up in high schools, helped along by dairy groups scrambling for new ways to get people to drink milk," the AP reports.
Why it matters: "It’s one small way the dairy industry is fighting to slow the persistent decline in U.S. milk consumption as eating habits change and rival drinks keep popping up on supermarket shelves."
The bottom line: "With consumption of milk in the U.S. down 40 percent since 1975, the dairy industry is looking for all the help it can get."