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Marketplace All-in-One

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

Overview

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.

4130 Episodes

Floridians feel the impacts of climate change

Florida is a state that often feels tangible impacts of climate change, with strong storms and hurricanes making landfall in the state every hurricane season. However, this year is the first time in a decade that the Sunshine State was spared from experiencing a single hurricane. Jessica Meszaros, a climate change reporter at WUSF, joins Kimberly to explain how Floridians are rebuilding a year after hurricanes Debby, Helene and Milton hit the state. Plus, we’ll play a round of Half Full/Half Empty! Here’s what we talked about on the show today: “Florida and the U.S. were spared of hurricanes in 2025, but storms are still rapidly intensifying” from WUSF“Hurricane Helene Response” from US Army Corps of Engineers“Assessment of Agricultural Losses Resulting from Hurricane Milton” from University of Florida IFAS“Disaster and insurance costs are rising. The middle class is struggling to hang on” from NPR“Sorting trash can be dirty and dangerous. Sounds like a job for AI” from Marketplace“Disney comes to Sora: What you can and can't do with the characters” from Axios“How fruitcake became a Christmas classic (even if it’s unpopular)” from MSN“City life is reshaping raccoons – and may be nudging them toward domestication” from The Guardian

Transcribed - Published: 13 December 2025

The stock market isn't the economy — but it's not nothing either

While markets are mellowing a bit, three major stock indexes closed at record highs on Thursday. Reminder: The stock market is not the economy! But it still can tell us how investors — and by association, high-income Americans — are feeling about the future. In this episode, who wins when the stock market performs well. Plus: Old MacDonald has a ... drone? And we check-in with three retailers around the U.S. about the holiday shopping season. 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.

Transcribed - Published: 12 December 2025

Getting into the deregulation business

The Trump administration is reconfiguring a government watchdog that grew out of the Great Recession. The Financial Stability Oversight Council watches out for risks to the financial system to prevent the future need for government bailouts. Now, the Treasury Secretary says the watchdog will focus on boosting economic growth and easing regulations that he says impose “undue burdens." Plus, we follow the money from Machu Picchu and examine the appetite for "extended range" EVs.

Transcribed - Published: 12 December 2025

What the vibe of your office holiday party says your workplace

It’s the most wonderful time of the year — and with that, the obligatory office holiday party. Thing is, some choices around holiday parties can tell a story of how a company is doing. Who's there? Who's chatting together or sticking to a corner? What food and drink are being served? Today, we'll help you read the room. But first, most regional Federal Reserve bank presidents have been reappointed, despite some Trump administration proposals to exert greater control over the Fed's regional banks.

Transcribed - Published: 12 December 2025

Reddit fights Australia's social media ban

From the BBC World Service: Reddit has filed a lawsuit calling for Australia's social media ban for children under 16 to be declared invalid. The text-based forum is one of 10 online platforms covered by the ban, which came into force this week. And later in the program, we head to Peru, where conflicts are brewing over how money from Machu Picchu tickets is being spent and whether it's benefiting tourists and locals.

Transcribed - Published: 12 December 2025

Bytes: Week in Review - Apple's leadership departures raises concerns over its AI future

There’s been something of a critical mass of high-profile departures and retirement announcements at Apple in recent weeks. Plus, how will consumers be helped or hurt by a potential merger between Netflix and Warner Bros or a hostile takeover from Paramount? And McDonald's pulls an AI-generated Christmas ad because some folks on social media weren't “lovin' it.” Marketplace’s Meghan McCarty Carino spoke with Joanna Stern, senior personal technology columnist at The Wall Street Journal for this week’s “Tech Bytes: Week in Review.”

Transcribed - Published: 12 December 2025

Why the Fed is thinking about immigration

Federal Reserve Chair Jay Powell’s latest presser was all about the job market. Buried among the usual talking points, like hiring sentiment and the unemployment rate, was immigration. That’s because the current administration’s immigration policies are complicating Fed measures of labor market health. In this episode, falling immigration turns jobs data on its head. Plus: Robust economic growth comes without typical job creation, U.S.-China trade tensions cool, and one company teaches AI to sort your trash. 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.

Transcribed - Published: 11 December 2025

Why the Fed cut interest rates

The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday. And this decision comes as President Donald Trump continues to put pressure on the supposedly independent agency to move the economy the way he wants. Plus, the president is reportedly beginning final interviews for Fed Chair Jerome Powell’s potential successor. Here’s everything we talked about today: “Fed lowers interest rates again amid debate over inflation, jobs” from The Washington Post“Trump to start final Fed chair interviews beginning with Kevin Warsh” from CNBC“What a Fed rate cut means for your home, car and credit card loans” from The Washington Post“Watch out for these refinancing red flags” from Marketplace Morning Report

Transcribed - Published: 11 December 2025

When the job market is a "complicated, unusual, difficult situation"

The Federal Reserve decided to cut interest rates again at its meeting this week, partly because Fed officials think the labor market is weaker than it appears. This morning, we'll hear why Fed Chair Jerome Powell says estimating job growth can be so tricky. Also on the show, we'll dig into the drone warfare industry, central to the ongoing Russia-Ukraine war. Plus, are we past tariff inflation yet?

Transcribed - Published: 11 December 2025

ICE raids harken back to COVID-era hardship

The COVID-19 pandemic changed the economic circumstances of many, creating demand for direct aid, interrupting consumer spending, and altering the nature of work. Today, there are people across the country in lockdown again — mixed-status immigrant families, who are experiencing disruptive economic pressures that mirror the pandemic. Today, we'll draw parallels. Plus, more people admit to stealing at self-checkouts. And, what can we expect from the Federal Reserve in 2026?

Transcribed - Published: 11 December 2025

Mexico raises tariffs on imports from Asia

From the BBC World Service: Mexico’s parliament has voted in favor of a bill imposing tariffs of between 5% and 50% on more than 1,400 products from Asian nations, including China. Mexico states that the aim is to boost jobs and domestic production. Then, survivors of a deadly typhoon in the Philippines have filed a legal claim in Britain against the oil and gas giant Shell. And later, we'll hear about the lucrative business of making drones and developing the technology to thwart them.

Transcribed - Published: 11 December 2025

The little-known regulatory bodies that can make or break AI data centers

The AI boom is propelling a once-obscure group of state regulators into key decision-making roles for the economy. AI needs data centers, data centers need power and power is generally regulated in some way — depending on the state — by public utilities commissions. That's the topic of a new report from the Center on Technology Policy at NYU. Scott Brennen, CTP director and author of the report, said these commissions often make decisions on planning and permitting for new infrastructure and decide the rates utilities charge consumers.

Transcribed - Published: 11 December 2025

Fed rate cut diverges from global central bank strategy

The Federal Reserve cut its key interest rate Wednesday by a quarter point. That’s pretty much what analysts expected. But in other parts of the world, central banks have been signaling that they plan to hold rates steady or even hike them. In this global economy, why is the U.S. out of step? Also in this episode, we hear the pros and cons of quarterly earnings reports, check in on a union-run pipefitting apprenticeship and dig into why wage growth has slowed. 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.

Transcribed - Published: 10 December 2025

On Instacart: same store, same item, different price

Dynamic pricing is here. Several consumer groups designed a shopping experiment with hundreds of volunteers who shopped on Instacart for the same products at the same time from the same stores. The conclusion? 75% of products were offered at different prices to different customers. Plus, we'll chat about what's next for interest rates today and on into the new year. And later, we'll have a conversation about AI with Nobel laureate Peter Howitt.

Transcribed - Published: 10 December 2025

Beware of shady refinance offers

Today, the Federal Reserve is expected to lower interest rates by a quarter point. While there's no guarantee of it, the move could translate to lower mortgage rates, too. This presents an opportunity for bad actors to pitch homeowners something that might cost more than they’d think. Today, we discuss some "too good to be true" refinance opportunities. But first, Texas has launched the first state-run cryptocurrency reserve with a $5 million purchase of Bitcoin.

Transcribed - Published: 10 December 2025

Amazon announces mega investment in India

From the BBC World Service: Amazon has announced plans to double its investment in India by 2030 — to the tune of around $35 billion — with a focus on artificial intelligence and e-commerce. It comes after Microsoft and Google also laid out multibillion-dollar spending plans for AI in India. Also, the U.K.'s Royal Navy is developing ways to counter an increasingly serious threat from Russia to cut its critical undersea infrastructure.

Transcribed - Published: 10 December 2025

The latest TV innovations have their critics

The extended Black Friday sale season means a lot of people have been buying new TVs. The top sets today can display in up to 8K Ultra High Definition, they have deeper blacks, brighter highlights and are thinner and lighter-weight than ever. And yet, modern TVs have their haters — a dedicated group of purists who find them lacking, and would rather hunt down a good old fashioned used plasma.

Transcribed - Published: 10 December 2025

The great decoupling

When revenue grows, hiring grows — usually. But in November, retail sector job cuts were up nearly 140% year over year, according to outplacement firm Challenger, Gray & Christmas, in spite of strong consumer spending. What gives? Mostly, more automation. Also in this episode: Medium-term bonds send hints about Fed interest rate decisions, an AI bubble burst will come with new jargon, and small business owner optimism is up. 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.

Transcribed - Published: 9 December 2025

Deep-sea mining: The next frontier for critical minerals

Rare-earth elements help power our everyday electrical devices, and that’s because most batteries are made with minerals like lithium, nickel, cobalt and graphite. As of now, China has the largest reserve of these minerals. But some mining companies are eyeing the deep sea’s floor, says Marketplace contributor Dan Ackerman, because such rare earths form organically way down there. Plus, the ethical concerns that come with this deep-sea mining. Here’s everything we talked about today: “Companies are betting on deep sea mining for critical minerals” from Marketplace Tech“New policies may part the waters for ocean mining” from Marketplace Morning Report“In the depths of the ocean, a new contest between the US and China emerges” from The Guardian“Trump’s New Executive Order Promotes Deep Sea Mining in US and International Waters While Bypassing International Law” from Inside Climate News

Transcribed - Published: 9 December 2025

Everyone wants a piece of Warner Bros.

Today, we're walking you through the Hollywood drama currently unfolding over Warner Bros. Discovery. The studio's board has already approved an acquisition deal with Netflix, but now Paramount is launching a hostile takeover bid. We'll outline the stakeholders and talk about what comes next. Plus, as New York City leads the nation in office-to-housing conversions, other cities are looking to encourage their own affordable developments.

Transcribed - Published: 9 December 2025

Walmart is moving (to the Nasdaq)

Walmart is moving from the New York Stock Exchange to the Nasdaq market. It's the biggest company ever to make the switch. Thing is, Nasdaq has a cool-kids, growth-through-tech kinda vibe and is home to Apple, Microsoft, Amazon, and Nvidia stocks. This morning, we'll help you understand what’s behind Walmart’s decision. Plus, consumers expect inflation to remain steady, and President Donald Trump looks to block state laws regulating AI.

Transcribed - Published: 9 December 2025

Kids in Australia are about to lose social media access

From the BBC World Service: A new law comes into force in Australia today, banning children under 16 from some of their favorite social media platforms, including Snapchat, TikTok, and Instagram. And as you'd expect, most teens aren’t happy about it, though many parents see it as the government standing up to American Big Tech. Also, Nvidia is now authorized to sell advanced AI chips to China, and President Donald Trump says the U.S. government will be taking a 25% cut of sales.

Transcribed - Published: 9 December 2025

3D printing was supposed to disrupt prosthetic costs. It hasn’t.

Prosthetic limbs can be expensive, costing thousands to hundreds of thousands of dollars. So the industry seemed ripe for disruption when 3D printing came along. The technology requires little labor and uses economical materials. But the reality of 3D printing prosthetic limbs isn’t that straightforward, according to writer and University of California, Berkeley, lecturer Britt Young, who uses a prosthetic arm. Marketplace’s Meghan McCarty Carino spoke with Young about why 3D printing has yet to bring down prosthesis costs.

Transcribed - Published: 9 December 2025

What's in the long-awaited farmer relief package

We now know some details about the Trump administration’s promised agricultural relief package. Central to the plan is billions in one-time payments to U.S. farmers, who have been hurting under new trade policies and rising equipment costs. Is it enough? Also in this episode: What FOMC members are likely contemplating ahead of this week’s meeting, who will be most hurt by rising ACA health insurance premiums, and why home builders overestimated new construction demand in 2025. 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.

Transcribed - Published: 8 December 2025

In case you forgot, this is a K-shaped economy

First up on the show: Jamie Dimon, CEO of JPMorgan Chase, says the economy is doing well. After all, consumers are chugging along, and the stock market is continuing a strong run. But that feeling of "doing well" isn't even across the board, and those on the lower end of the income spectrum are feeling pinched. We'll discuss, and later we’ll explore how this is playing out in the restaurant scene, too.

Transcribed - Published: 8 December 2025

Trump's ability to fire has its day in court

The Supreme Court is scheduled to hear arguments this morning in Trump v. Slaughter, a case that has broad implications for consumers and workers. The justices are considering whether the president has the power to fire the leaders of independent federal agencies — in this case, the Federal Trade Commission. Plus, we hear about data on consumers' AI use during holiday shopping and visit a Michigan wood factory that hires and houses employees in addiction recovery.

Transcribed - Published: 8 December 2025

U.S. tariffs fail to dent China's trade surplus

From the BBC World Service: The latest economic data from China shows that while exports to the U.S. crashed over the past year, China's towering annual trade surplus surpassed $1 trillion for the first time last month. The data reveals what economists and Chinese officials have said for a while now: Chinese manufacturers can find other buyers. Then, lawmakers in France's divided parliament have been at odds for weeks over the country's budget.

Transcribed - Published: 8 December 2025

Using AI chatbots for mental health support poses serious risks for teens, report finds

A new report from Stanford and Common Sense Media finds that more than half of U.S. teens use AI chatbots for companionship. But, according to Dr. Darja Djordjevic, an adolescent and adult psychiatrist who co-authored the research, the bots aren't equipped to provide the kind of emotional support young people need when dealing with a mental health issue. Dr. Djordjevic and her team simulated conversations involving various mental health concerns with four of the most popular consumer chatbots and identified several risks; chiefly, their tendency to be sycophantic. A note, this conversation mentions suicide and self-harm.

Transcribed - Published: 8 December 2025

Small businesses walk an affordability tightrope

Small business owners know affordability is top-of-mind for their customers. But as margins grow narrower, keeping prices as-is isn’t always possible. In this episode, we hear from a few small business owners about how they’re balancing cash-strapped shoppers and rising costs. Plus: The potential Netflix-Warner Bros deal could mean less variety for viewers, Midwestern farmers hope to carve out a market for local oats, and a discussion of the week’s economic headlines. 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.

Transcribed - Published: 5 December 2025

Shopping through a K-shaped holiday season

As another holiday season kicked off on Black Friday, finding the perfect gift is top of mind for many. But how much will weary American consumers be willing to spend this year? Based on early data … it’s a lot! Marketplace’s Kristin Schwab joins Kimberly to explain why the K-shaped economy may explain the contradiction and why AI is making its way into Americans’ shopping habits. Plus, we’ll play a round of Half Full/Half Empty! Here’s what we talked about on the show today: ”September retail sales fail to impress” from Marketplace”Black Friday, Cyber Monday spending expected to top records” from Marketplace”Black Friday Sales Spike Despite Economic Uncertainty, Study Shows—Here’s Why” from Forbes“‘Tis the season for credit card debt” from Marketplace”How are retailers benefiting from the "buy now, pay later" boom?” from Marketplace”What is your Spotify listening age?” from Marketplace”More than 8 in 10 Americans are more likely to purchase secondhand gifts this year” from Retail Brew”Target Launches New AI-Powered Features to Make Holiday Shopping Easier, Smarter and More Fun” from PR Newswire Missed Giving Tuesday? It's always a great time to become a Marketplace investor. Give now: https://support.marketplace.org/smart-sn

Transcribed - Published: 5 December 2025

Spotify Wrapped, user data, and FOMO

How wired into your brain are tech companies? Spotify offers us a clue. The streaming company runs its Spotify Wrapped marketing campaign every December, taking user data and AI to create a personalized year-in-review for every listener — and it's an incredibly effective marketing move that consumers want to be a part of. Also: a preview of the last Fed meeting of the year and a manufacturing CEO's thoughts on tariffs and factory activity.

Transcribed - Published: 5 December 2025

Netflix is buying Warner Bros. Discovery

Following a fierce bidding war, Netflix announced this morning that it’s buying Warner Bros. Discovery in a deal worth more than $82 billion. The deal still has to be approved by regulators, and some lawmakers are already raising antitrust concerns. We learn more. Then, as part of our lunar economy mini-series, we hear what a lack of private interest oversight could mean for an economy beyond the clouds. Note: This morning’s podcast has been updated following the official announcement of a Netflix-Warner Bros. deal.

Transcribed - Published: 5 December 2025

India's biggest airline faces another day of delays and cancellations

From the BBC World Service: Major airports in India have descended into chaos after the airline IndiGo either canceled or delayed hundreds of flights for the fourth consecutive day. IndiGo says there have been technical issues with aircraft or winter schedules that have delayed some flights, but the biggest reason is a pilot shortage. Also, the Democratic Republic of Congo and Rwanda have signed a peace deal, and some countries are boycotting Eurovision over Israel's involvement.

Transcribed - Published: 5 December 2025

Bytes: Week in Review - Amazon scales back AI anime dubs

The Trump administration has been trying for months to ban AI regulations at the state level. And its latest gambit to roll such a measure into the congressional National Defense Authorization Act appears to have failed. House Majority Leader Steve Scalise said Tuesday that GOP leadership is now “looking at other places” to include that measure after reportedly facing pushback from both parties. Plus, New York recently became the first state to enforce an AI law designed to protect consumers from "algorithmic pricing." And Amazon pulled back on AI dubbing for some international content after anime fans complained.

Transcribed - Published: 5 December 2025

What's next for the Fed?

Changes are afoot at the Federal Reserve: President Donald Trump will name a new Fed chair in the coming year, and the central bank’s job could get complicated as the economy absorbs the full impact of new tariffs. In this episode, why Fed independence is crucial and where the federal funds rate is headed in 2026. Plus: Families weigh the cost of child care, the BLS remains behind on data releases, and state farm bureaus offer cheaper health insurance to farmers — with a catch. 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.

Transcribed - Published: 4 December 2025

Is the U.S. a gerontocracy?

The average age of Congress' members has gotten older compared to the Americans it represents. This 119th Congress is the third oldest since 1789. On today’s show, Princeton economist Owen Zidar joins Kimberly to explain how decades of public policy have fueled a generational wealth gap and what our so-called gerontocracy has to do with it. Plus, what it would take for Congress to really address the economic issues younger Americans are facing. Here’s everything we talked about today: ”It’s My Party and I’ll Leave When I Want To” from Intelligencer”Gerontocracy is everywhere” from Slow Boring”How baby boomers got so rich, and why their kids are unlikely to catch up” from The Washington Post”The Age Divide: How America’s Electoral System Reinforces the Gerontocracy” from New America”The Everywhere Millionaire” by Owen Zidar We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

Transcribed - Published: 4 December 2025

California wine grapes rot on the vine

These days, Americans are drinking less alcohol. While that may be a positive from a health perspective, it’s not great news for California grape growers. Industry groups predict that 2025 will be the smallest harvest since the mid-’90s. These changing consumption habits are changing the landscape of California vineyards. Also, the Trump administration is reducing fuel efficiency standards, and layoffs are running high ahead of the next Federal Reserve meeting.

Transcribed - Published: 4 December 2025

Not REAL ID-compliant? Get ready to pay up.

The Transportation Security Administration announced earlier this week that passengers without a REAL ID or other acceptable documents (like a passport or tribal ID) will have to pay a $45 fee for the extra screening required to get through security. We'll hear more. Plus, as part of our continued lunar economy series, we'll learn about what developing infrastructure or communications systems on the moon might look like.

Transcribed - Published: 4 December 2025

Meta faces an investigation over AI in WhatsApp

From the BBC World Service: European antitrust regulators have just launched an investigation into Meta over its rollout of artificial intelligence features on WhatsApp for European users. This move marks the latest action by European regulators against large technology firms, as the trade bloc seeks to balance support for the sector with efforts to curb its expanding influence. Then, air travelers in India face continued disruptions, and Japan tries to regain a stronghold in semiconductor chip manufacturing.

Transcribed - Published: 4 December 2025

Have we given up on data privacy?

Every day, consumers are confronted with the fragility of our personal data privacy — another data breach, another government agency accessing databases they didn't previously have access to, another consent form popping up to get permission to gather more data. It's almost too much for any one person to keep a handle on, according to Rohan Grover, professor of artificial intelligence and media at American University. He recently co-authored a piece for The Conversation about why data privacy seems to have largely fallen out of the public discourse, even though he says the topic is more urgent than ever.

Transcribed - Published: 4 December 2025

Small businesses pull back on hiring

Small business owners’ economic moods remain mixed. But, as is so often the case, how folks feel is different from how they act. And hard data tells us small business owners are pulling back on hiring — one ADP report shows businesses with fewer than 50 employees cut a net 120,000 jobs in November. Should we be worried? Plus: Retailers benefit from buy now, pay later offerings, import prices sans fuel rose in September, and cap-and-trade carbon emissions programs have changed since their inception. 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.

Transcribed - Published: 3 December 2025

Making university research make money

The Trump administration has been clear about its desire for deep federal funding cuts to university research. So, some institutions of higher learning are looking to other sources of revenue, including backing startups spun off from research. Today, we'll examine the potential money-making idea. Plus, we’ll learn about a hiring pullback by smaller businesses, hear about smartphone surveillance attempts by India, and check on younger consumer optimism.

Transcribed - Published: 3 December 2025

A fuel efficiency rollback

President Donald Trump plans to announce weaker fuel efficiency standards for cars and trucks at a White House event today. The move will likely reverse a Biden-era rule requiring automakers to reach an average of 50 miles per gallon for new vehicles by 2031. Plus, as part of our lunar economy series, we hear how one company is recycling space debris into more useful products for the space industry.

Transcribed - Published: 3 December 2025

Europeans pledge to cut out Russian gas

From the BBC World Service: European politicians have reached a provisional agreement to phase out imports of Russian gas by 2027. Exports of oil and gas have been crucial for Russia to fund its military campaign in Ukraine. Russia says Europe will be less competitive and that consumers will have to pay higher prices. Then, we'll check in on Japan's work-life balance and hear about a diamond-studded Faberge egg, which just sold at auction for $30 million.

Transcribed - Published: 3 December 2025

What happens when all your coworkers are AI?

OpenAI CEO Sam Altman once speculated that we'll soon see the first billion-dollar company run by one person and an army of AI agents. Journalist Evan Ratliff decided to put the idea to the test in the newest season of his podcast, “Shell Game,” where Ratliff and his team of synthetic co-founders, executives and workers launched their startup, HurumoAI. His AI agents designed a logo, built a website and eventually released their own agentic AI service. Marketplace’s Meghan McCarty Carino spoke with Ratliff about what he learned from this whole experience.

Transcribed - Published: 3 December 2025

A Fed divided against itself

The Federal Reserve’s quantitative approach to monetary policy decisions means its governors tend to reach consensus. But in the past few meetings, some FOMC members have disagreed on whether to prioritize jobs or inflation. In this episode, “Marketplace” host Kai Ryssdal and former FOMC member Daniel Tarullo discuss why the Fed is divided right now. Plus: Dollar stores weather an uncertain economy, companies use return-to-office policies as a workforce reduction mechanism, and electricity demand grows as data centers pop up nationwide. 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.

Transcribed - Published: 2 December 2025

The human story behind a digital time capsule

If you could send a message to yourself, 20 years into the future, what would you say? On today’s show, Scientific American’s editor-in-chief David Ewalt joins Kimberly to share how he built an e-mail time capsule two decades ago and how human relationships kept the project alive despite the challenges of a rapidly changing technology and media landscape. Here’s the article we talked about today: "How Forbes Sent E-mails to the Future—And What Happened 20 Years Later" from Scientific American  Become a Marketplace Investor today, and your impact will be  doubled. Give now: https://support.marketplace.org/smart-sn

Transcribed - Published: 2 December 2025

A sign investors think the economy will remain strong

Corporate bond spreads, extra compensation that corporate bonds pay out compared to government bonds, have been narrowing this year, which means investors aren’t demanding much additional money to account for additional credit risk. That could indicate that investors think economic growth could pick up in the near term. Also on the program: a trade deal regarding U.K. pharmaceuticals and OPEC's plans to keep oil production flat to start the new year.

Transcribed - Published: 2 December 2025

Costco wants its tariff money back

If Trump's tariffs are illegal, Costco wants a refund. The lawsuits that brought President Trump’s tariffs before the Supreme Court last month were led by small businesses and Democratic state attorneys general, but now it’s bigger companies — including Costco — that are suing to make sure they’re in line for a refund if tariffs are struck down. Plus, "Marketplace Morning Report" is heading to the moon this week for views on an emerging lunar economy.

Transcribed - Published: 2 December 2025

The U.K. agrees to pay more for American meds

From the BBC World Service: The U.K. government has hailed a deal with the United States to keep tariffs on U.K. pharmaceutical shipments into the U.S. at zero, but the agreement comes with a cost. Then, Hong Kong's leader said serious problems in the city's construction industry, as well as oversight, were exposed in last week’s deadly high-rise fire. And, what's behind recruitment problems at Europe's air traffic control?

Transcribed - Published: 2 December 2025

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