Missiles, Layoffs, and a World Cup Upset: Your Tuesday Rundown

This episode of The Morning Rundown covers a tense morning of global and market news. Overnight strikes on Kyiv and a Ukrainian drone attack on one of Russia's largest refineries in Siberia raise the stakes ahead of an upcoming NATO meeting, while a Chinese submarine missile test unsettles Wellington and Tokyo. The hosts also touch on Hamas dissolving its Gaza government, a move Israel dismisses as a stunt.On the business side, Microsoft's nearly 4,800 job cuts hit its Xbox division hardest, framed as a business model issue rather than an AI-driven shift. Meanwhile, Toyota is investing $3.6 billion to move Tacoma production to Texas, a reshoring decision tied to tariff incentives. Despite the mixed signals, the Nasdaq opens higher heading into a major earnings week.The show wraps with sports and culture: Spain's stoppage-time win over Portugal ends Cristiano Ronaldo's World Cup run, the USMNT draws criticism after its exit against Belgium, and the hosts push back on claims that politics influenced the Balogun red card reversal. The episode closes with a heartfelt tribute to Lauren Bennett, the voice behind LMFAO's Party Rock Anthem, who passed away at 37.Ukrainian drones strike a major Russian refinery nearly 1,700 miles from the front lineChina's submarine missile test raises alarm in Wellington and Tokyo ahead of a key NATO meetingMicrosoft cuts nearly 4,800 jobs, concentrated in its Xbox divisionToyota commits $3.6 billion to shift Tacoma production to Texas amid tariff pressuresSpain ends Ronaldo's World Cup career while USMNT and Balogun red card controversies dominate sports talkA tribute to Lauren Bennett, vocalist on Party Rock Anthem, who died at 37Listeners looking for a quick but thorough rundown of today's top international, business, and sports stories will find this episode a useful starting point for the day.