Sometimes a little lipstick goes a long way
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 19 January 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
It's called the "lipstick effect." Consumers sometimes splurge on small luxuries — like cosmetics, accessories, and more — as a sort of rebellion against a bleak economic backdrop. And these indulgent purchases are expected to be big in the year ahead. Also: the toll tariffs have taken on the economy as Trump threatens more over Greenland and the impact of a growing number of millionaires in the United Arab Emirates.
Transcript
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| 0:31.2 | President Trump's desired conquest of Greenland is taking an economic turn. |
| 0:37.9 | From Marketplace. |
| 0:39.2 | I'm Sabri Beneshore. |
| 0:40.2 | In for David Bruncaccio. |
| 0:41.7 | Over the weekend, President Trump threatened new tariffs on goods from eight European countries |
| 0:46.7 | because they are opposed to his desired takeover of Greenland, which is a Danish territory. |
| 0:52.7 | Julia Cornado is here to talk about it. |
| 0:54.2 | She's founder and president of macro policy perspectives. |
| 0:57.1 | Hi, Julia. |
| 0:57.7 | So as a baseline, remind us what all the tariffs we already have have done economically. |
| 1:05.5 | So we got some tariff boost to consumer inflation, but we also saw it take a bite out of the labor market. |
| 1:13.5 | So how did companies react faced with the turbulence and the pressure on costs? |
| 1:18.4 | They got really cautious about hiring. |
| 1:21.5 | So we did see the imprint on the economy a little bit differently than we had expected. |
| 1:29.0 | Can we handle more tariffs at this point? I mean, what would these do for us, for the European economy? |
| 1:36.6 | Well, of course, they raise prices on anything we buy from Europe, and that just adds to the pressures |
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