Author: Marketplace

From the BBC World Service: It came right down to the wire, but the U.S. and China have extended their trade truce until November. This means those massive American tariff hikes — some as high as 145% — have been put on hold, as Beijing was ready to hit back with 125% tariffs. But could another 90 days be enough time to strike a deal? Plus, this summer, several U.S. cities have been gripped by trash collection strikes. We'll hear more.

In recent years, the Transportation Security Administration has been piloting facial recognition at security checkpoints. But opting out of getting scanned can be complicated, according to a recent report from the non-profit Algorithmic Justice League. Joy Buolamwini is president of the organization and co-authored that report.

Hey, Million Bazillionaires! We just wrapped up the latest season of the show and are already working on the next one. In the meantime, we’re bringing you a special feature from our friends at Story Pirates. In this episode, you’ll hear two fun stories: “The Ghost That Launched a Business,” a terrifying tale about entrepreneurship, written by Jesse, a 9-year-old from the UK, and “Julius Caesar: The Guinea Pig, Not the Famous Ancient Roman Dude, But This Rodent Thinks Otherwise,” a story about how our names sometimes shape who we are inside, written by a 9-year-old from Illinois named Scottie. 

If President Donald Trump’s tariffs stymie the U.S. economy — which would, in turn, slow the global economy — oil demand will fall. And we're already operating at a surplus. In this episode, why the oil market tea leaves are difficult to read right now. Plus: Trump takes an “unprecedented” hands-on approach to Big Tech business dealings, and tariffs on semiconductors will make electronics more expensive. And, despite a six-year period of steep overall inflation, some prices have dropped. Can you guess which ones?

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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.

President Trump today said he’s temporarily taking over Washington’s police department and sending in National Guard troops to crack down on crime. We’ll get into the legal questions surrounding the move, and Kimberly shares her thoughts as a local. Plus, key inflation data set to come out this week could bring the impact of tariffs into clearer view. Then, we’ll smile about meteor showers and beach glass.

Here’s everything we talked about today:

• "Trump says he's placing Washington police under federal control and deploying the National Guard" from AP News
• "Trump says crime in D.C. is out of control. Here’s what the data shows." from The Washington Post 
• "What Trump can — and can’t — do in his bid to take over law enforcement in DC" from Politico  
• "Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs" from The New York Times
• "July Inflation Data: What to Watch in Tuesday’s CPI Report" from The Wall Street Journal 

• "How to Watch the Perseids, the Strongest Meteor Shower of the Summer" from The New York Times

  
  

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The U.S. and India, until about a week ago when steep tariffs went into effect, had been on track to forge strong ties in trade, defense, and other areas. One thing that seems to have been lost in the tariff drama was the budding “bromance” between President Trump and Indian Prime Minister Narendra Modi. Also: a look at how the so-called “meme stock” effect has affected companies that have been boosted, and we talk with economist Julia Coronado about the possibility of a Fed rate cut in upcoming cycles.

The Bureau of Labor Statistics, which has been in the headlines recently for other reasons, has quietly stopped collecting economic data from smaller cities. We chat with Cornell University professor Russell Weaver on why the collection of inflation and other data is being cut in places like Buffalo, New York and Lincoln, Nebraska. Also: two American microchip makers have agreed to give the U.S. government a cut of their sales in China.

From the BBC World Service: Tesla is looking to enter the UK energy market as the company continues to diversify its offerings in addition to electric vehicles. Also: a look at how residents of self-governing Greenland think about their future amid pressure from the Trump administration.

U.S.-based data centers are expanding at a fast pace, thanks largely to the boom in generative artificial intelligence software and cloud computing. But they’re also reportedly causing environmental issues and other problems for their neighbors. The BBC’s Michelle Fleury reports from Georgia on how the boom in data centers is raising environmental and sustainability concerns from the people who live near them.

The U.S. health care sector will lose crucial long-term care providers if the Trump administration suceeds in slashing the Temporary Protected Status program. In this episode, we visit Massachusetts, where many Haitian immigrants at risk of deportation fill critical, low-paid care roles. Plus: Developing economies will suffer if U.S. consumption is stymied by tariffs, and we check in with an artist in Nebraska and retirees in New England.

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.