Marketplace All-in-One

Paying for housing and childcare can eat up more than half of the median U.S. family’s income, a new report finds. The least affordable metro areas in the country for working families with kids are Los Angeles and New York City, where the median cost of childcare plus the notoriously high cost of housing devour 95% or more of the median income. We have more. Plus, who's funding the Republican midterm convention in Dallas?

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Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

Who's paying for the GOP midterm convention in Dallas?
In these cities, housing and childcare eat up the vast majority of household income

Online reseller The RealReal says demand for vintage on the site is up more than 400% since 2020. Meanwhile, rival ThredUp projects the global resale market will hit $400 billion by 2030. On this morning's program: Why some of today's shoppers view secondhand designer goods as smart investments. But first, hours after Canada imposed new tariffs on American goods, President Donald Trump announced a ban on some imported Canadian products like beer, wine, and liquor.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories covered in this episode:

Why the designer resale market is booming right now

Meta agreed to a settlement last month with 52 attorneys general in a landmark case over teen social media addiction. The company promised a number of restrictions for under 18-year-old users, like time limits, overnight blackouts on some features and hidden likes. It also agreed to pay up to $17 billion, partly contingent on TikTok and YouTube adopting similar reforms.

Surveys show a strong majority of Americans support stricter limitations on social media for kids. But, this settlement could fundamentally change how everyone accesses the internet, according to Will Creeley, legal director at the Foundation for Individual Rights and Expression.

More on this:

“That $17B Meta settlement comes with a catch: Your online speech rights” from The Foundation for Individual Rights and Expression

“Majority of Americans support banning social media for kids under 16” from Pew Research Center

Canada levied a range of tariffs on U.S. goods Tuesday, escalating an ongoing trade war launched by President Donald Trump. It isn’t the first time the two countries have tiffed over trade, but it is, by at least one historian’s estimation, unprecedented. In this episode, we trace the neighboring nations’ historic partnership, and weigh what’s next. Plus: Small business owners report mixed economic outlook, ChatGPT recommends a made-up deodorant brand, and Monterey Park, California, models community-led data center resistance.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Read the stories in today’s episode:

The U.S. and Canada have had trade spats before, but this one might be different
This California city became a model for resisting data centers
Small business owners have mixed feelings about the economy
How a fake deodorant brand got recommended by AI
Brick-and-mortar bookstores are back

Tariffs on about $20 billion worth of U.S. imports to Canada are officially in effect today. The import duties are Canada’s response to tariffs imposed by the Trump administration last month and a sign that the renewed trade war with the United States’ second-largest trading partner is nowhere near an end. This morning, we explain Canada's tariffs, put them into context, and discuss their market impacts. Also: the long-term effects of financially supporting your parents.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories covered in this episode:

How providing financial support to your parents impacts wealth-building