These are the headlines you Need 2 Know. * **Immigration: Border Crossings:** The number of migrants arrested at the southern border dropped suddenly and drastically in June, according to the Dept. of Homeland Security. Federal officials say arrests were down 28 percent for the month in a sign that Mexico’s new enforcement tactics -- spurred by President Trump -- are working. Apprehensions typically dip in the hotter months, but June’s decline was much steeper than the prior June, which had an 11 percent drop-off. [Politico]( * **Immigration: Ice Raids:** Federal agents reportedly plan to begin major nationwide raids on Sunday to target immigrant families who are in the country illegally. The raids are planned for at least 10 cities with ICE agents targeting at least 2,000 immigrants who had been ordered to be deported. Some agents reportedly have expressed concerns about having to arrest babies and children along with their parents. [NY Times]( * **Gulf Storm:** A severe thunderstorm dropped at least seven inches of rain on New Orleans, causing flash flooding, power outages and worries that the Mississippi River could overrun its banks. The storm was a precursor to a gathering tropical system that could wreak havoc on the Bayou this weekend as a potential Category 1 hurricane, with landfall expected along the Louisiana coastline late Friday. []( * **Iran Tensions:** At least three armed Iranian boats reportedly tried to seize a British oil tanker in the Persian Gulf Wednesday, but were unsuccessful. The British Heritage tanker was crossing into the Strait of Hormuz when Iranians ordered the ship to change course and head into Iranian waters nearby. A British Navy ship intervened, with guns pointed at the Iranians, who then backed off. [CNN]( * **UK Ambassador Out:** Britain’s ambassador to the U.S. is out of a job. Sir Kim Darroch has resigned, saying he couldn’t do his job after diplomatic cables surfaced, in which he called President Trump “inept” and “incompetent.” Before the resignation was announced, Trump called Darroch a “very stupid guy” and a “pompous fool” and said the White House would no longer deal with him. Other diplomats told the New York Times it “could have been any of us” who wrote those cables. [NY Times]( * **Market Highs:** Stocks hit record highs after Fed Chair Jerome Powell indicated in Congressional testimony that the central bank may cut interest rates at its meeting later this month in order to sustain economic growth. The S&P 500 briefly touched 3,000 for the first time ever. [Cheddar]( * **New Nintendo:** Nintendo has unveiled the Switch Lite, a cheaper, handheld-only version of its wildly popular Switch console. The Switch Lite hits shelves in September with a $200 price tag, a smaller screen, and no T.V. connectivity via USB, which had been one of the big selling points of the original Switch. [CNET]( * **Canyon of ‘Sheroes’:** The U.S. women’s soccer team was all smiles as they paraded up the Canyon of Heroes in Lower Manhattan to throngs of adoring fans, including many young girls. Megan Rapinoe stole the show at the City Hall ceremony, in which the players were given the ceremonial key to the city. The team co-captain delivered a passionate speech, telling attendees, “We have to love more, hate’s our responsibility to make this world a better place.” [Watch]( * **Highest-Paid Celebs:** Taylor Swift has returned to the top spot in Forbes’ annual list of highest-paid celebrities. Swift earned an estimated $185 million, largely thanks to her Reputation tour. The magazine says that is now the highest-grossing tour in U.S. history. Kylie Jenner ranked second and Kanye came in third. [See list]( * **Splitsville:** Matt Lauer’s wife, Annette Roque, has filed for divorce. The former TODAY show host and Roque were married for 21 years. Their unofficial split came two years ago, after Lauer was fired after being accused of inappropriate sexual behavior. [USA Today]( * **Holy Hail:** Eighteen people were reportedly hurt after being struck by orange-sized hail in Pescara, Italy. The injured are said to have suffered cuts and bruises as a result of the wild weather. [See it]( Cheddar's Hena Doba and Jill Wagner get into the latest. Subscribe to the Need 2 Know newsletter [here]( and listen to our morning podcast wherever you get your podcasts.

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