Marketplace All-in-One

Ultra-fast fashion company Shein started trading on the Hong Kong Stock Exchange today. Once valued at about $100 billion, the company went public at closer to $27 billion. The Shein IPO has been years in the making. This morning, we'll delve into what took so long, where the brand stands within the fashion retail landscape, and what the IPO could mean for customers. But first: what a jump agriculture export prices means for farmers.

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Amazon's popular brand of video-enabled smart home and security devices, Ring, is adding a new encryption system called TAKE — Throw Away the Key Encryption. It allows users to encrypt all video their home cameras capture while keeping advanced AI-enabled capabilities and security features active.

The company already offered traditional end-to-end encryption, but that disabled advanced security features processed on the cloud that required Ring servers to maintain access to the video. Ring’s founder, Jamie Siminoff, says TAKE works by changing — or "throwing away" — the encryption key so Amazon servers don't have permanent access.

More on this:

“Ring introduces TAKE, setting a new industry standard for default encryption and control” from Amazon

“Ring says its new encryption limits what it can give police” from The Verge

“Ring Superbowl Ad Shows Americans How Powerful Surveillance Systems Have Become, Freaks Them Out” from The American Civil Liberties Union

In Texas oil country, September usually marks the beginning of maintenance season. But with refineries running at near-100% capacity to meet increased demand, this fall might look a bit different. In this episode, can the global oil market weather an even tighter supply squeeze? Plus: Fed watchers expect an interest rate hike in September despite Trump’s opposition, U.S. consumers keep up spending in the face of mediocre jobs data, and ski resorts hoard snow for the warmish winter.

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:

Why interest rate expectations are pointing north
The 'meh' job market hasn't slowed consumer spending much
Inside the business of selling people their own family photo albums
After a disastrous foray into real estate, this first-time buyer didn't let fear hold her back
Can U.S. refineries afford to slow down for maintenance season?
Ski resorts keep some snow in the bank this summer

Sixty-two years ago today, President Lyndon B. Johnson signed the Food Stamp Act into law, making food stamps — now known as SNAP benefits — permanent. But Congress approved major funding cuts to SNAP last summer and introduced new work requirements. So what does the future of SNAP look like? Plus, what's on Treasury Secretary Scott Bessent's agenda for G20 and, from "Marketplace Tech," a look at ICE's massive DNA collection.

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 included in this episode:

More than six decades after it was signed into law, the program known as SNAP is at risk

More than 1,500 new independent bookstores have opened nationwide since 2020, according to the American Booksellers Association. And the pace is accelerating: the ABA recorded more than 600 new store openings in 2025 alone. Paradoxically, the big drivers of the boom are online retail and social media. We'll explain. Also on this morning's show: what Canadian tariffs mean for cars and housing, plus a preview of this week's G20 summit in Asheville, North Carolina.

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 featured in this episode:

How BookTok is powering a brick-and-mortar bookstore boom