Marketplace

Gold prices soar to an all-time high as consumers and investors seek stability in an uncertain economy. The shift highlights a growing pessimism coupled with inflation concerns. Meanwhile, the Trump administration pushes for self-driving cars, sparking both enthusiasm and skepticism among the public. In a unique twist, the historic SS United States is set to become the largest artificial reef, aiming to boost tourism and eco-initiatives. A resilient black rancher in Oklahoma also showcases perseverance amidst economic challenges.

The potential elimination of crucial funding for community lenders raises concerns for local banks. Learn about how tariffs and consumer stress are shaping purchasing habits and affecting major brands. Discover the decline in apartment construction in the Sun Belt and the hurdles developers face in central Texas. A heartfelt journey of homeownership illustrates the challenges of balancing family health with financial ambitions. Plus, insights into economic trends and the rise of competition in the tech landscape.

Kristen Schwab, a Marketplace reporter specializing in the apparel industry, discusses the looming impacts of Trump's tariffs on clothing prices. With 98% of clothing in the U.S. imported, especially from China, fast fashion could soon become less affordable. She highlights how tariffs are complicating the supply chain and affecting consumer behavior. The conversation also touches on the wider implications for the services sector, housing market dynamics, and the challenges businesses face amid economic uncertainties.

Verizon faces a steep decline with 300,000 lost subscribers, attributed to government layoffs and fierce competition. The fallout may affect other corporations amidst DOGE-fueled funding cuts. Meanwhile, the U.S. lags behind China in nuclear power expansion, raising concerns about energy competitiveness. Aging Catholic sisters struggle financially, highlighting the economic pressures on older Americans. The jewelry industry also feels the pinch as fluctuating tariffs threaten artisan craftsmanship.

Tariffs are reshaping the aviation landscape, with China rejecting Boeing deliveries leading to redirected jets. The paradox of a strong U.S. economy contrasts with market vulnerabilities, raising concerns about global competitiveness. Rising credit card debt poses challenges for consumers, while visa revocations threaten U.S. innovation in tech and science, especially among international students. The evolving housing market reveals new dynamics for first-time buyers grappling with economic pressures.

Catherine Ann Edwards, a labor economist and policy consultant, shares her insights on the evolving American economy. She discusses how shifting trade policies and tariffs are impacting global trade dynamics and employment. The conversation dives into the challenges facing small businesses in industries like music instruments and denim, as they navigate trade uncertainty. Listeners ask pressing questions about the future of the U.S. dollar and recession risks, highlighting the real-world implications of these economic changes.

A surprising 9% increase in housing listings hasn't brought the expected buyers, leaving sellers in a tough spot. The conversation dives into how political tensions are affecting the Federal Reserve's independence and its implications on economic governance. Climate change is shaking up the shrimp industry, with fishermen in Maine facing dwindling stocks. Lastly, follow a first-time buyer's emotional and financial journey through a competitive market, highlighting the ongoing challenges in homeownership.

Mitchell Hartman, a reporter for Marketplace, dives into the current economic landscape where stable jobless claims contrast sharply with other market uncertainties. He discusses how Trump's tariffs may unintentionally encourage businesses to retain employees. The conversation also touches on the European Central Bank's interest rate cuts and the significance of EV tax credits. Additionally, Hartman shares inspiring stories of resilience from Altadena's business owners who are persevering despite challenges, highlighting the intertwined nature of community spirit and economic turbulence.

Mitchell Hartman, a Marketplace reporter specializing in industrial production, joins Jonathan Secreta from CFRA Research, an analyst focused on manufacturing and trade. They discuss how tariff fears are reshaping discretionary spending, turning fun splurges into stress purchases. The conversation touches on a mixed manufacturing report, Bitcoin's fluctuating status as 'digital gold,' and the recovery efforts for community members affected by California wildfires. Listeners gain insights into the emotional and economic dynamics driving contemporary consumer behavior.

In this discussion, guest Lisa Goldenberg, President of Delaware Steel Company, shares her expertise on the ramifications of tariffs on the steel industry. She highlights how businesses are stockpiling inventory, drawing parallels to challenges faced during the pandemic. The conversation dives into trade tensions affecting oil prices and their implications for economic stability. Goldenberg also addresses the disconnect between economic indicators and daily realities, shedding light on how these factors shape community resilience in uncertain times.