Marketplace All-in-One

The value of the U.S. dollar has been on the rise after months of decline. Political turmoil abroad has hurt other currencies, while easing rates and resilience at home have helped stabilize the dollar. However, investors are still cautious. Also in this episode: the Bureau of Labor Statistics' “birth-death” model suggests the economy may be weakening, silver prices surpass a 45-year record, and Delta posts solid Q3 results by catering to the upper class.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.

Today we're all getting smarter about some of the economic and political terms dominating the headlines these days. Terms like “authoritarianism” and “state capitalism” that have been hotly debated during the second Trump administration. Plus, “stagflation” and other vocabulary words our listeners have been curious about. With some help from experts, Kimberly breaks them all down. Here's everything we talked about today:"Why journalists are reluctant to call Trump an authoritarian – and why that matters for democracy" from The Conversation"What do we call the Trump administration's economic interventions?" from Marketplace"The U.S. Marches Toward State Capitalism With American Characteristics" from The Wall Street Journal"Trump's Latest Trade Deals Raise More Questions Than Answers and Harm America's Future" from the Center for American Progress"Supreme Court Agrees to Review Trump's Sprawling Tariffs" from The New York Times"What Is Stagflation, What Causes It, and Why Is It Bad?" from Investopedia"Are Donald Trump's tariffs the new sanctions?" from Stanford UniversityJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

Starting Friday, federal workers will be getting their first paychecks for smaller-than-usual amounts as a result of the government shutdown. That's likely to especially sting federal employees who still have to show up to work, including TSA agents and air traffic controllers. They've helped up the pressure to end shutdowns before. Could they do it again? Plus, we'll unpack how C-suite execs are currently feeling about tariffs and artificial intelligence.

Las Vegas is arguably the discretionary spending capital of the country, if not the entire world. This makes it a good barometer for understanding the current economy — not just of one city or state, but the entire nation. And right now, Vegas is grappling with declining tourism and a high unemployment rate. We'll visit Sin City to learn more about the slump. Plus, why is China stepping up controls on rare earth metal exports?

From the BBC World Service: Jamie Dimon, the chairman and CEO of JPMorgan Chase, told the BBC that a serious market correction could come in the next six months to two years. He also hinted that there could be an imminent deal between India and the U.S. on tariffs; India is currently suffering under 50% duties. Also, China has tightened export controls on rare earth metals, which are vital to a range of electronic devices, including military hardware.

A recent study of nearly 20,000 University of California, San Diego Health workers found cybersecurity training reduced the likelihood of successful phising attacks by just 2%. Marketplace's Nova Safo spoke with Ariana Mirian, senior researcher at the cybersecurity firm Censys and co-author of the study, who explained that many workers are just not taking those training programs seriously enough.

Know how the government shutdown put the kibosh on federal data distribution, like last week's cancelled September jobs report? Well experts haven't just had a tough week of interpreting this economy — they've had a tough year. In this episode, the Trump administration's policies have uniquely muddied traditional economic forecasting. Plus: Adjustable-rate mortgages grow in popularity, the food and beverage industry adapts to GLP-1 proliferation, and an American furniture manufacturer discusses Trump's tariffs.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.

Just two months ago, the World Trade Organization predicted global trade would grow by nearly 2% next year. Now, it's revised that forecast down to just 0.5% as the impact of the Trump administration's sweeping tariffs sinks in. We'll hear what's been propping up trade so far and what's on the road ahead. Then, "Marketplace Tech" shares tips for spotting job scams. And later, we'll hear how other countries' "gold card" visa programs fared.

When President Donald Trump slapped tariffs on Chinese goods earlier this year, China ceased crop purchases from U.S. farmers. That hurt American agriculture, so the government hopes to help those farmers out with aid using tariff revenue. Trump did this during his last trade war. Today, we'll outline how it all played out. Plus, the price of gold keeps climbing, and we check in with a tea shop owner about how tariffs are affecting business.

From the BBC World Service: Gold has breached $4,000 an ounce for the first time, following one of its strongest monthly performances and its biggest sustained rally since the 1970s. What's driving the surge? Then, British Prime Minister Keir Starmer is attending a two-day summit in India focused on trade, but he's insisting the U.K. won't issue more visas to Indian workers. Also on the show: Trump's "gold card" visas and newly minted billionaire soccer player Cristiano Ronaldo.

AI slop is pointless content shared online like fake images and videos. A new study in the Harvard Business Review wants us to consider a variant: “workslop,” or AI-generated reports, emails and more that are sloppily crafted.The authors of the study say 40% of workers they surveyed have encountered workslop. And that's costing time and money. Marketplace's Nova Safo spoke with social psychologist and vice president of BetterUp Labs Kate Niederhoffer, who co-authored the study. She said workslop harms interpersonal work relationships, such as when one employee receives an AI written report from another.

Imagine a future where chocolate and coffee are rare and expensive; where cheap, nutritional staples, like corn and wheat, are threatened.The climate crisis is a food and agriculture crisis. A third of global greenhouse gas emissions come from what's on our plate. Cow burps, deforestation, water use and food waste all feed into making our planet unlivable. And it's a double-edged sword, because as the planet heats up, staple crops are withering, soil is losing its nutrients, and droughts and famines will become more common. Our food systems are hurting the planet, and the hotter planet is hurting our food systems. To survive, we need to drastically cut down our use of farmland and we need to find alternative meat sources that don't give consumers the creeps. How will we keep feeding millions of people? And how will we do that with less land? This season of “How We Survive,” we'll take you on a food tour of the future. May we interest you in some lab-grown chocolate or some cell cultivated salmon (that is, if you're not in Florida)? We explore the uncanny valley of meat and visit farmers in our nation's breadbasket where hotter, drier, less predictable weather has global consequences. Finally, we'll take you on the ground into one of the more demonized (and misunderstood) parts of the agricultural system: Factory farms.

The federal government shutdown drags on this week, leaving a labor data vacuum. Private firms are hoping to fill the gap with their own data sets — some are even offering ‘em for free. Unfortunately, that private data is narrower and less comprehensive than typical BLS reports. Also in this episode: The popularity of all-cash home sales, the unique risks and boons AI presents for Indian Country, and the vital role of equipment auctions for small contractors.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.

A growing list of U.S. cities are set to see National Guard troops in their communities as President Trump explores ways to deploy the military on American soil. But legal challenges are piling up. On today's show, Kimberly talks with Patrick Eddington, senior fellow in homeland security and civil liberties at the Cato Institute, about the changing role of the National Guard and why Trump's use of the Guard defies precedent.Here's everything we talked about today:"The President's List of Subversive Organizations" from the Cato Institute"Trump's use of Guard may have lasting impact on cities and troops" from The Washington Post"Trump's use of the National Guard sets up a legal clash testing presidential power" from AP News"Troops and marines deeply troubled by LA deployment: ‘Morale is not great'" from The Guardian"What We Lose by Distorting the Mission of the National Guard" from The AtlanticWe love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

Health care is a major sticking point between Republicans and Democrats in the government shutdown standoff. Congressional Democrats are refusing to endorse a temporary spending bill that allows Affordable Care Act health insurance subsidies to expire. Today, we look at what an end to subsidies could mean for your insurance — even if you don't get your health care through the ACA. Also: trade talks between the U.S. and Canada, and a comparison of the AI boom and the dot-com bubble.

Later this week, we'll learn more about how the Federal Reserve decided to cut interest rates when the Federal Open Market Committee releases the minutes of its most recent meeting. The document will give us clues about what's ahead and where FOMC members' priorities lie. Also on this morning's show: the IRS will now have a CEO, renewable energy becomes the world's largest electricity source, and OPEC producers decide to expand output.

From the BBC World Service: Energy thinktank Ember says that for the first time, solar and wind met all new global electricity demand in the first half of this year. Could this be a turning point for the global energy system? Then, London police dismantled an international gang suspected of smuggling up to 40,000 stolen cell phones. And, Zimbabwe is on a quest to become Africa's blueberry capital after it signed a tariff-free export protocol with China.

The number of scams involving job postings and offers nearly tripled between 2020 and 2024, according to the Federal Trade Commission. The change translates to more than $500 million in reported losses. These scams have proliferated on legitimate job boards and you might have even received some via email or text message — fake recruiters reach out with “enticing” offers which are too good to be true. Marketplace's Nova Safo spoke with Mark Anthony Dyson, author of the Job Scam Report newsletter, about how to spot scams.

Bridget and Ryan are at the Podcast Hosts for Youths Sleepaway Camp, but Ryan just can't fall asleep. That's when they meet Dougie Pickles, host of the Cozy Critters sleepy time podcast, with a surprising bedtime trick. Together, they unpack the world where animals and money collide, learn what bull and bear markets are, and introduce us to a fishy little entrepreneur, all while soothing Ryan to sleep. Plus, what do you think is more expensive to feed, a tiger or an elephant?If your family is interested in learning even more about today's question, check out our website. We've got conversation starters and a tip sheet!This episode is sponsored by Greenlight. Sign up for Greenlight today at greenlight.com/million.

OpenAI announced it will invest big time in chipmaker AMD, potentially in exchange for a stake in the firm. As AI investment has ramped up, similar deals have become common. Do these partnerships signal a strengthening sector? Or are they a symptom of an AI bubble headed toward a burst? Also in this episode: Regional banks merge under Trump appointees' relaxed regulatory rule, retailers are optimistic about the upcoming holiday shopping season, and Houston's housing market experiences knock-on effects of deportation duress.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.

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.

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.

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.

Algorithms, which are just sets of instructions expressed in code, are harder to restrict than physical goods. But, as Marketplace's Meghan McCarty Carino reports, governments — including the U.S. — have long tried to prevent their export.

On today's show, Kimberly is joined by Marketplace's very own Henry Epp to chat about his reporting on the “maturing” of the craft beer industry, and just who's sipping all those IPAs and sours. They'll also get into how the Trump administration is using the government shutdown to consolidate power. Plus, we'll play a round of Half Full/Half Empty!Here's everything we talked about today:“For years, craft beer was booming. Now, it's ‘maturing'” from Marketplace“Trump charts path to total control amid government shutdown” from Axios“AOL's dial up internet takes its last bow, marking the end of an era” from the Associated Press“Colleges turn to video essays to counter AI-written submissions” from Marketplace Tech“Robots are learning to make human babies. Twenty have already been born.” from The Washington Post“Buy it in ChatGPT: Instant Checkout and the Agentic Commerce Protocol” from OpenAI“The future of loyalty” from Business Insider

The gap between how high-income and low-income Americans are faring in this economy is growing. One example? Fast food restaurants are struggling while sit-down joints that cater to wealthier customers are A-OK. Also in this episode: “Every Screen on the Planet” author Emily Baker-White talks geopolitics behind the U.S.-China TikTok deal and a Wyoming solar panel company preps for the end of federal subsidies for residential installation.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.

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.

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.

From the BBC World Service: Japan's ruling Liberal Democratic Party will choose a new leader on Saturday, and he or she will become the country's next prime minister. Germany's Munich Airport closed temporarily overnight due to drone sightings, making it the latest European airport forced to halt operations because of unexplained drone flights. And the French government has launched a campaign against what the Minister of Work calls “the last discrimination”: ageism.

California passed a sweeping law setting up new AI safety rules this week. Meanwhile, YouTube settled a lawsuit brought by President Trump over account suspensions in the wake of the January 6 capitol riot. And an AI-generated “actor” stirred up controversy in Hollywood and pretty much everywhere else. Marketplace's Nova Safo spoke with Natasha Mascarenhas, reporter at The Information, to learn more about all these stories on this week's Marketplace Tech Bytes: Week in Review.

The U.S. is on track for the largest number of announced layoffs since 2020. Yay us! (Kidding.) We can thank a combination of federal cuts and their ripple effects, an uncertain trade environment, and AI experimentation. After that, Jenny Han of “The Summer I Turned Pretty” tells Kai about her career journey from nanny and school librarian to novelist and Amazon Prime showrunner. Plus: recession indicators, a federally-backed lithium mine and industrial outdoor storage.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.

Messy fights over funding the federal government have become all too familiar in American politics. Why are we like this? On the show today, The Brookings Institution's Molly Reynolds joins Kimberly to explain how shutdowns became Congress' political weapon of choice and why the federal budget process has gotten even more complicated under the Trump administration. Plus, we hear from you, our dear listeners.Here's everything we talked about today:"Congress has long struggled to pass spending bills on time" from Pew Research Center"Government shutdown continues as Senate Democrats hold firm on health care demands" from AP News"How John Thune sees the shutdown ending" from Politico"What are Democrats' demands in the government shutdown fight?" from MarketplaceShow your love for Make Me Smart and our community of curious listeners! Donate now to get us one step closer to our Fall Fundraiser

Federal worker layoffs are near, according to Trump administration officials. Earlier this week, the president said he would use the government shutdown to target "Democrat things." And a shutdown with layoffs may have more serious economic consequences than your average shutdown. For more on that we turn to Diane Swonk, chief economist at KPMG. Also on today's show: China launches a new visa to attract more international STEM talent.

Unemployment remains relatively low, but the labor market is slowing down. Private payroll company ADP estimates the private sector lost 32,000 jobs last month. Hiring has slowed, and it's taking longer for jobseekers to find work. And where there are people with anxiety and fear, there are scammers to prey on them. The Federal Trade Commission says reports of job scams tripled over the past four years. But first, why the Trump administration is sending memos to universities and what Democrats are demanding to reopen the government.

From the BBC World Service: Some European Union countries have backed plans for the new defense system to keep out unmanned aircraft from Russia. But how will it work, and what's the price tag? In France hundreds of thousands of workers have walked out over looming budget cuts and pension reforms. Today marks the 75th anniversary of The Turing Test, to tell the difference between a human and a machine. And we hear how Chilean businesses are adapting — or not — to an ageing workforce.

So far this year, LA defense tech companies have raised $4 billion in funding — more than double last year's haul, according to Los Angeles Times tech reporter Queenie Wong. She told Marketplace's Nova Safo that venture capital firms are increasingly embracing military-focused tech.

The government shutdown means crucial jobs data will likely be postponed, right as the Fed weighs its next move. Chicago Fed President Austan Goolsbee, a self-described “data dog,” tells us how central bank officials plan to pivot. He also discusses Fed independence, transitory inflation, and rate cut pacing. After that: fiscal calendars vary by sector, synthetic dye removal will ripple through the food chain, and ADP reports more sour employment data.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.

Markets are having to digest a lot right now. There's the government shutdown, plus new private payroll data showing the economy lost jobs in September. Susan Schmidt, portfolio manager at Exchange Capital Resources, joins us to break it down. Also on the show: the FAFSA portal is open. We look at what's different with this year's federal student aid applications and how the government shutdown could impact the process. Then, Marketplace's Sabri Ben-Achour continues his conversation with Susan M. Collins, head of the Federal Reserve Bank of Boston.

The slow-moving train wreck we've been watching unfold for a week, has indeed wrecked: the government officially shutdown at midnight. Hundreds of thousands of federal workers will be furloughed, and the Trump administration is threatening to fire others. Later in the show, Marketplace's Sabri Ben-Achour sits down with Susan M. Collins, president and CEO of the Federal Reserve Bank of Boston. They'll discuss tariffs, a cooling labor market and how the central bank is affected by a government shutdown.

From the BBC World Service: Eighteen sunscreen products have been pulled from shelves in Australia because of safety concerns; testing showed they did not offer the SPF protection claimed. As the U.S. tightens its H-1B visa scheme, China hopes it will gain from the launch of a new program to attract foreign talent. And can the United Arab Emirates become an AI superpower?

The role of artificial intelligence in mental health care is an unsettled issue. States including Illinois, Utah, and Nevada limit or ban the use of AI for therapy. And researchers say such conversations can sometimes veer off course and even be dangerous. Marketplace's Nova Safo spoke with Jenna Glover, chief clinical officer at the mental health care platform Headspace, which launched an AI assistant, Ebb, last year.

While the stock market appears unconcerned about potential red flags in this economy, the bond market's a bit more cautious. As Washington nears a shutdown and the labor market flags, Treasury yields are ticking down. But demand for those safer, long-term bonds hasn't been uniform. Plus: Trump adds to existing tariffs on Canadian lumber, OpenAI wades into e-commerce waters, and Abha Bhattarai at the Washington Post talks about the “stuck economy.”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.