Marketplace Morning Report

France's ongoing financial crisis threatens to topple its government, creating a tense political atmosphere as President Macron seeks to assure European allies and financial markets. The rising pressure for a debt-reducing budget underscores the urgency of the situation. Meanwhile, gold prices soar to new heights, prompting London's bullion market to embrace digital transformation. The power shifts within Rupert Murdoch’s media empire conclude with his son Lachlan at the helm, adding intrigue to the landscape of global media.

Recent cuts to crucial programs like SNAP and Medicaid are making life tougher for rural Americans, intensifying housing insecurity. Michelle Polizzi shares her personal experiences from the 2008 financial crisis, drawing parallels to today’s challenges. The discussion also touches on the ramifications of a recent immigration raid in Georgia, affecting South Korean workers and highlighting the delicate balance of trade relations. Important insights into how federal policies are reshaping rural economic security are also explored.

The massive $1.787 billion Powerball jackpot has sparked a surge in lottery ticket sales, benefiting convenience stores and online retailers. Amidst this excitement, the emotional toll of job losses due to federal layoffs is highlighted, showcasing the financial struggles of affected families. Additionally, a recent immigration enforcement raid in Georgia raises questions about the future of U.S.-South Korea business relations. This mix of fortune and hardship offers a unique perspective on economic resilience in uncertain times.

Markets in Japan are reacting positively to the departure of Prime Minister Shigeru Ishiba, despite economic hurdles and a recent U.S. trade deal. Meanwhile, political tensions rise in France as the prime minister faces a confidence vote over budget cuts amidst growing national debt. In the UK, the significant issue of prisoner reoffending is highlighted, costing the government billions annually. Innovative rehabilitation programs are explored, showcasing the challenges ex-offenders face as they reintegrate into society.

The business journalists at Marketplace have been on the rollercoaster of U.S. trade policy under the Trump administration. But along for the ride, too, are small business owners. Today, we'll hear the latest on where Trump's tariffs stand and learn how the COO of a Queens-based sound effect equipment business is handling the lack of predictability. But first: Just 22,000 jobs were added to the economy in August. How concerned should we be?

The U.S. and Japan have finalized their trade deal a month and a half after it was announced. The White House says there will now be a 15% baseline tariff on nearly all Japanese imports and cut tariffs on Japanese cars almost in half. Also on the show: how climate change is showing up in our economy, what to make of a "delicate" and "vulnerable" job market, and which jobs are on the preliminary "no tax on tips" list.

From the BBC World Service: Up to now, bosses and employees in China have frequently bypassed pension regulations in return for higher wages; from this week, however, the rules are being enforced. We'll hear more. Plus, Jaguar Land Rover's embattled management has told staff to stay at home until Tuesday following a cyberattack. And, with fuel prices in Nigeria quadrupling over the last two years, many farmers are now tapping into the sun’s energy to keep water flowing.

The latest economic data shows a concerning snapshot, with job growth slowing down in the private sector. A close look reveals 5.3 million hires and the same number of exits in July. Meanwhile, Texas has enacted a law restricting property ownership for certain foreign nationals, sparking debates about discrimination and community impact. Additionally, the shutdown of an illegal sports streaming site raises questions about fans' access to live events in a tricky media landscape. The job market continues to be a balancing act for the Federal Reserve.

A surprising black market for ants has emerged, spurred by federal job cuts affecting pest control experts. This illicit trade poses serious risks to ecosystems and public health. Meanwhile, the podcast discusses how these staffing reductions threaten the United States' ability to combat invasive species. Also featured is the potential impact of Trump's appointment of Stephen Myron to the Federal Reserve, setting the stage for important financial discussions.

India is slashing taxes on everyday goods to stimulate consumer spending, responding to hefty U.S. tariffs on exports. This tax overhaul aims to simplify costs and encourage optimism among shoppers. Meanwhile, a group of hackers claims responsibility for a major cyberattack disrupting production at Jaguar Land Rover. Additionally, Texas is tightening property restrictions for foreign-born individuals and businesses, impacting specific communities.