A shutdown, layoffs, and yet the market keeps surging
Over the weekend, the White House threatened more layoffs if negotiations between Democrats and Republicans continue to go nowhere. Meanwhile, 100,000 earlier federal layoffs and buyouts finally took effect last week. But stocks hit a record on Friday. What gives? We'll discuss with Julia Coronado, founder and president of MacroPolicy Perspectives. Plus, a lack of trust in artificial intelligence is hampering its adoption among small and mid-sized businesses.
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Let's talk about climate finance
The nonprofit One Earth has been tracking $400 billion worth of private investment in climate change solutions. Thing is, the amount of money being invested in climate causes is both not enough and unevenly distributed. This morning, we'll find out what’s driving the gap and what can be done about it. But first, Costco members will soon be able to buy discounted weight-loss drugs, and beer makers are struggling with tariffs and changing consumer demand.
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Japan preps to elect new leader as its economic woes deepen
From the BBC World Service: The Nikkei 225 stock index in Japan rose sharply on the first day of trading after Sanae Takaichi won the contest to lead the country's ruling Liberal Democratic Party. Then, Jaguar Land Rover plans to resume vehicle production in the U.K. today, six weeks after a cyberattack forced a production pause. And, although the artificial intelligence industry is worth close to $250 billion, some businesses are rejecting its use altogether. We'll hear from them.
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No jobs report? We're still on the case
The September hiring and unemployment data won't be released today due to the ongoing government shutdown. These reports are typically among the five most closely watched economic indicators each month. Economist Julia Coronado of Macropolicy Perspectives joins us to discuss. Also on the show: the shutdown's impact on health care — from canceled online doctor's appointments to reduced home health services for seniors. And later, Marketplace's David Brancaccio speaks with a former high school guidance counselor in Sheboygan, WI about how students are preparing to enter the labor market.
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A closed federal government means no September jobs report
The partial government shutdown now means two of the top five most important readouts on the economy will not be released on Friday, as scheduled. It's the newest count of the number of people on payrolls and the separate unemployment rate. Later, David speaks with "Marketplace" senior economics contributor Chris Farrell about new research suggesting there may be even more entrepreneurs in the U.S. than current data suggests.
In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.
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