The Supreme Court just handed the U.S. economy a $7.7 trillion win

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• In today’s CEO Daily: Immigrants’ contributions to the economy make the SCOTUS ruling a boon for business.
• The big leadership story: Nike CEO Elliott Hill’s turnaround gains traction.
• The markets: Mostly down after major U.S. averages closed out a robust first half of the year.
• Plus: All the news and watercooler chat from Fortune .

Good morning. I was moderating a discussion about AI and the American Dream at the Aspen Ideas Festival yesterday with executives from Edward Jones and Gallup when the Supreme Court released its decision affirming the 14th Amendment right of children born on U.S. soil to claim citizenship, regardless of their parents’ status. Many of the leaders I’ve spoken to see it as a win for business, as research published by the Center for Migration Studies estimates that beneficiaries will contribute $7.7 trillion to the U.S. economy over their lifetimes and $438 billion between 2025 and 2029 alone.