The opening ceremony of the Summer Olympics are slated to get underway today in Paris. And while artificial intelligence isn’t competing (yet), it is playing a role in scoring, crowd control and security, and even finding talent. Also on the show: Inflation inches closer toward the Federal Reserve’s target in June, and California’s Supreme Court deals a blow to efforts by gig workers to be classified as employees with certain benefits.

A new study from researchers at Harvard’s Opportunity Insights and the Census Bureau finds that children have a better chance at moving up the economic ladder if most of the adults they interact with are employed — not just in the household but beyond. We’ll delve in. Plus, the Biden White House still has lots on its economic plate before a new president comes to power in six months.

From the BBC World Service: Just as the Olympics are getting underway in Paris, the French train network has been hit by arson attacks, causing major delays and disruption. The incident will put even more focus on security at the games, which is already extremely tight. Then, we’ll look at how AI is being used to help make athletes’ lives easier and scoring more accurate at this year’s Games.

You’ve probably heard of dynamic pricing, like on ride-sharing apps. Now, the Federal Trade Commission is looking into surveillance pricing, which is when companies charge you a different price than someone else for the same product or service based on data they have on where you are and clues about your interests and lifestyle. We’ll unpack. Plus, GDP was higher than anticipated in the second quarter — but it wasn’t driven by consumers.

Wall Street indexes are droopy this morning after a surge downward yesterday. The S&P 500 fell 2.3% and the Nasdaq had its deepest drop in two years. Some are calling it “rebalancing” as investors pull back from some of their tech darlings. And, as a follow-up to yesterday’s episode, we check in with Juan Carlos Cisneros Suarez, who has been waiting for a visa and has skills in computer programming or robotics.

From the BBC World Service: The stock market sell-off is spreading from the U.S. to Asia and Europe. There have been declines across the board, but companies specializing in AI and semiconductor chips have been hit especially hard. Part of it has to do with expectations of additional trade restrictions from the U.S. on chip trade with China. Then, smaller brands are competing against fashion giants to deck out this year’s Olympic athletes.

“We started breaking down crying, because I didn’t think I would get out for my mother’s funeral.” “I’m about $10,000 out of pocket right now for just lodging, food and transportation.” These are just a few of the pained frustrations passengers at Atlanta’s airport, Delta’s primary hub, shared after flight delays and cancellations following the recent CrowdStrike outage. Also: sluggish home sales, the ban on noncompete agreements and politicization of the Federal Reserve.

Working for cash off the books is illegal. But there are routes to work for immigrants who don’t have permission to in the U.S. as an independent contractor or by establishing a Limited Liability Company, or LLC. Today, we’ll hear from one young man who’s seeking a visa that would allow him to work — but he’s looking to start an LLC in the meantime. But first: Tesla is losing ground overseas.

From the BBC World Service: Some of the world’s biggest civilian and defense aviation businesses are gathered at this year’s Farnborough Airshow, a trade expo in the south of England. But with deals on the table, it’s clear that plane makers are struggling to keep up with demand. Also: a look at the the realities of Venezuela’s struggling economy as citizens head to the polls on Sunday.

Despite threats of legal challenges from the right, Vice President Kamala Harris’ camp appears poised to inherit around $100 million from what was the Biden-Harris campaign — and that’s after an additional $100 million was raised in the 24 hours after Sunday’s shake-up. So how will a new name at the top of the Democratic ticket change how campaign dollars are spent? Plus, little stocks are starting to get bigger attention.

The Crowsdstrike software update — which knocked out an estimated 8.5 million Windows computers and impacted airlines, government operations and 9-1-1 emergency calls, is continuing to wreak havoc, and outage costs are estimated to be several billion dollars. We’ll discuss the latest and hear what to do if you’re one of the many, many passengers who’s been affected. And later: Why is everyone talking about “The Magnificent Seven” tech stocks?

From the BBC World Service: In India’s recent election, Prime Minister Narendra Modi’s party won a third term but lost its ruling majority. Now, the coalition released its first budget, focusing on stability and boosting the economy. Then, the founder of South Korea’s popular KakaoTalk app has been arrested on allegations of manipulating stock prices. And there are growing calls to add an African country to the highly lucrative Formula One series of races.