How can we describe Trump's economic interventions?
There's a long list of actions the Trump administration has taken in this economy: calling for the removal of Intel's CEO, then purchasing a nearly 10% stake in that company; special exemptions to tariffs; calls on Walmart not to raise prices; and even telling Coca-Cola to use cane sugar and Cracker Barrel to keep its old logo. What can we make of all this? And what should we call it? Plus, economic predictions by Fed members are all over the map.
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Anti-austerity strikes erupt across France
From the BBC World Service: In France, 800,000 people are expected to participate in a day of protests and strikes across the country to rally against planned budget cuts. Plus, Brazilian President Luiz Inácio Lula da Silva warns that steep U.S. tariffs on goods like coffee from his country will hit American consumers. And, the families of four passengers who died on the Air India jet crash in June are suing two companies they say are responsible.
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The rise of the pro-AI PAC
During the 2024 election, the cryptocurrency industry, including political action committees, accounted for nearly half of all of the corporate money going into the election, according to the watchdog group Public Citizen. That spending helped make Congress and the Trump administration more friendly to the crypto industry. Now, in the run-up to the midterms, the AI industry wants to replicate the crypto sector’s success. AI companies are amassing millions of dollars to help candidates that favor light regulation over AI. Marketplace’s Nova Safo spoke with Amrith Ramkumar, a reporter at the Wall Street Journal who recently wrote about this new pro-AI PAC network.
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Hey, big spender!
The top 10% of earners in the U.S. accounted for nearly 50% of spending in the second quarter — the highest share since Moody's Analytics began collecting the data in 1989. That's important context, as consumer spending keeps climbing despite tariffs and a grim labor market. In this episode, what it all says about our economy. Plus: Homeowners rush to refinance as rates fall, hydropower escapes GOP cuts to clean energy, and Etsy sellers struggle as tariffs raise costs.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.
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The prospect of yet another government shutdown
Lawmakers have until the end of the month to agree on legislation to fund federal agencies for the coming year. If they can’t do that, the government closes its doors. Just how likely is a shutdown? We'll discuss. Also on the program: Hollywood was hopeful coming into this summer that the sequels and blockbusters would draw people back to the theaters in droves. That hasn't happened.
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.
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