Checking in with American exporters and Chinese buyers
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 17 November 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
After President Donald Trump and Chinese leader Xi Jinping met in South Korea late last month, some tariffs have been suspended or lowered, and China said it will restart purchases of U.S. soybeans and other agricultural goods. To hear about the mood among Chinese buyers and U.S. exporters, Marketplace's Jennifer Park recently attended a trade show in Shanghai. But first: an ethics violation by a former Fed and the impacts of delayed government data.
Transcript
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| 0:00.0 | Government data is healing from Marketplace. I'm Sabree Beneshore in for David Brancaccio. You want to know what the unemployment rate was in October or inflation or consumer spending? So do economists all over the country. We don't know because we didn't get that data because the government was shut down. Now that things are reopening, some numbers should start flowing soon. |
| 0:24.5 | Others will flow never. |
| 0:26.8 | Julia Coronado is founder and president of macro policy perspectives and a professor at the University of Texas, Austin. |
| 0:32.8 | Hi, Julia, so remind us what data we are getting and what data we are not. |
| 0:37.2 | We'll get the employment report on Thursday for September. so remind us what data we are getting and what data we are not. |
| 0:43.3 | We'll get the employment report on Thursday for September. Then we might get retail sales and the rest of the inflation data, maybe ahead of Thanksgiving. We're still waiting for the schedule. |
| 0:48.1 | BLS is busy trying to put the pieces back together. |
| 0:50.9 | So the Federal Reserve, when it meets to determine what should it do with the |
| 0:55.0 | country's interest rates and monetary policy, which that meeting is happening in December, |
| 0:59.9 | it's still going to be working with September data? That's probably the case. It is going to |
| 1:05.5 | take time to make decisions about how to handle the October data. A lot of it wasn't collected. |
| 1:12.4 | And then, of course, |
| 1:18.6 | how do you manage the November data? So it's probably not going to be by the December Fed meeting that we will have even October data, let alone data for November. So they're really going to be |
| 1:24.9 | working with a limited set of information. |
| 1:33.9 | I mean, of all times for there to be not enough data, this moment where the economy is undergoing grand transition seems to be like the worst possible moment. |
| 1:39.2 | It is a very bad time to be, I wouldn't say, flying blind. There is a lot of private sector data that is |
| 1:46.3 | available and it does sort of give us conflicting signals. The labor market still looks very weak. |
| 1:52.3 | Inflation is uncomfortably high. That leaves the Fed. Actually more Fed officials have been |
| 1:58.0 | sounding like they might want to wait and kick it to January when hopefully we'll have caught up and have a better picture. |
| 2:04.9 | Julia Coronado is founder and president of macro policy perspectives. Thank you so much. |
| 2:09.5 | My pleasure. |
| 2:10.9 | The U.S. Office of Government Ethics released a report over the weekend. |
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