Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversation...
The Federal Reserve may be steering the economy through another trade war. But this time, the inflation of the last few years complicates its task. Also in this episode: Unemployed Americans struggle to snag new positions, banks’ unrealized losses jump, and an aerospace tech startup sets up shop in Cumberland County, Tennessee.
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26:19
Your questions about government economic data answered
Donald Trump administration officials disbanded two expert committees on economic data this week and suggested altering the way the U.S. calculates gross domestic product. It’s not the first time the administration has hinted at fiddling with important numbers, and a listener wrote in to ask how all this might impact businesses and the market. We’ll break it down. Plus, why is nobody talking about the debt limit? And, congrats to Bill in Ohio on scoring a hat trick!
Here’s everything we talked about today:
“Trump administration disbands two expert panels on economic data” from Reuters
“Can the U.S. delete government spending from GDP?” from Marketplace
“Key House Republican Warns May Debt-Ceiling Breach Possible” from Bloomberg
“Explainer: Why would the US government shut down?” from Reuters
“A campus sign said ‘Tell us something good.’ Students delivered.” from The Washington Post
Join us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
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17:18
The budget cut math is looking tricky for Republicans
New Congressional Budget Office calculations suggest a difficult path ahead for Republicans as they seek to find billions in budget cuts. The figures show Republicans are unlikely to meet their cost-cutting goals without finding savings in health insurance programs that serve about 80 million low-income Americans and children. We’ll discuss. And later, we’ll parse out the current state of the job market and talk about the relationship between kids, social media and AI.
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8:33
When boycotts go your way
After the stock market closes today, Costco will release its latest quarterly earnings. While some retailers have backed away from commitments related to diversity, equity and inclusion, Costco has very publicly dug in. Will that affect the bottom line? Plus, Europe is going to be spending a lot more on defense. And later, we’ll get a preview of what the first jobs report under a new Trump presidency might look like.
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7:36
Bond market sell-off rattles markets
From the BBC World Service: Following Germany’s plans to change its fiscal rules, the yield on its 10-year bund rose at its steepest in nearly 30 years, while French and Italian bond yields also surged. New, U.S. tariffs have pushed American yields higher, as well. We chat about some of the latest developments. Also: an emergency European summit on defense spending and back-and-forth decisions to open up tourism in North Korea.
Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media. Twitter: @Marketplace
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