The economic position of the baby boomer generation has long been the envy of younger ones in the United States. But the tides may be turning as the Trump administration seeks deep cuts to social benefits that older Americans rely on. We’ll get into it. And, Kimberly joins the show from the National Press Club in Washington D.C., to make us smarter about how the GOP’s reconciliation bill could impact the richest and poorest Americans. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• "GOP tax bill would cost poor Americans, boost highest earners, CBO says" from AP News 
• "Megabill would cost poorest households $1,600 a year, boost richest by $12K, CBO predicts" from Politico 
• "Baby Boomers’ Luck Is Running Out" from The Atlantic
• "Why is everyone so crazy for Labubu toys?" from Marketplace
• "Booming sales of the latest Nintendo Switch bode well for the gaming industry" from Marketplace
• "You’ve Heard of Fine Wine. Now Meet Fine Water" from The New York Times

• "A federal judge ruled AI chatbots don't have free speech protections — for now" from Marketplace 

  
  

  Got a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

When President Trump slapped sky-high tariffs on goods from China, exporters rerouted ships elsewhere. Now that those tariffs are on pause, shipping costs aren’t magically coming down — the cargo is spread all over the world. In this episode, we explain this unintended effect of Trump’s inconsistent trade policy. Plus: One woman makes it her mission to provide free student loan advice, Georgia shrimpers struggle to compete with foreign suppliers, and a florist navigates price changes.

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.

In the past few years, as street drug makers increasingly cut fentanyl into drugs like cocaine, there’s been a rise in overdoses among people who aren’t addicted to opioids. Nashville, in particular, has seen overdoses rise among tourists. The city has worked to get overdose reversal drugs into downtown bars and music venues. We'll learn what the uptake process was like. Also: a bond market checkup and a pullback in corporate sponsorship at Pride events.

We’re continuing to comb through the evolving big package of tax cuts and spending being worked out by Republicans in the Senate. Today, we explore what the effects could be on businesses. Plus, after Israel launched attacks on Iran's nuclear capabilities, open warfare in the region is forcing money to shift on financial markets. And, President Donald Trump is acknowledging the toll immigration raids are having on some industries that rely on immigrant workers.

From the BBC World Service: In a dramatic heightening of tensions, Israel's military said it had struck "dozens of military targets, including nuclear targets in different areas of Iran." The strike had led to a 10% rise in oil prices. And later on the program: Investigations are continuing to look into what exactly happened to Flight AI171 between Ahmedabad and London Gatwick, which crashed soon after take-off, killing nearly everyone on board.

Today on “Marketplace Tech Bytes: Week in Review,” we're looking at Apple's latest software and operating system updates. Also, there's a tentative labor deal between video game actors and studios. And we'll remember legendary Apple software engineer Bill Atkinson, who died at the age of 74.

We begin with Apple's annual Worldwide Developers Conference which came and went this week with some mixed reactions.

Marketplace’s Nova Safo spoke with Anita Ramaswamy, columnist for The Information, to get her take on this year’s WWDC.

More on everything we talked about

“Apple fails to clear a low bar on AI” - from The Wall Street Journal

“Apple underwhelms at WWDC with incremental AI changes, new software name and ‘liquid glass’ design” - from The Associated Press

”Video game performers on strike for almost a year over AI issues reach a tentative deal” - from The Associated Press

“Videogame voice actors strike 'suspended' following agreement with game companies: 'All SAG-AFTRA members are instructed to return to work’” - from PC Gamer

“Bill Atkinson, Macintosh Pioneer and Inventor of Hypercard, Dies at 74” - from WIRED

“Bill Atkinson, who made computers easier to use, is dead at 74” - from The New York Times

You might’ve missed it amid all the Congressional budget hoopla, but Senator Ted Cruz recently floated ending Federal Reserve interest payments, claiming it would save a trillion dollars over ten years. The problem? Not only would that plan save zero taxpayer dollars, it also goes against the Fed’s mandate to keep prices stable. Also in this episode: Amazon announces AI -generated video ads, Save the Children U.S. shifts gears amid USAID cuts, and FEMA puts pressure on local relief organizations.

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.

More than 100 years after the Tulsa Race Massacre, the Oklahoma city’s mayor recently announced a $105 million reparations package to address the Massacre’s lasting impact. Marketplace’s Mitchell Hartman joins us on the show today to explain how we got here, and more from his reporting on economic injustice in Tulsa’s Greenwood neighborhood. Plus, we’ll get into what the new reparations package could mean for Black Tulsans and the push for reparations in other cities.

Here’s everything we talked about today:

• "The Tulsa Race Massacre destroyed Black lives and wealth. What's owed to survivors' descendants?" from Marketplace
• "Black Tulsans still feel effects of Greenwood neighborhood's "second destruction'" from Marketplace 
• "$105 Million Reparations Package for Tulsa Race Massacre Unveiled by Mayor" from The New York Times
• "$105 million trust to be built for 1921 Tulsa Race Massacre reparations, city says" from Public Radio Tulsa

We want to hear from you. Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

The Senate is working through the massive tax and spending bill. The House has passed its version, but the two plans still have to be reconciled. Today, we'll dig into what the legislation could mean for your own personal tax bill and the national deficit. Also on the show: Inflation remains tame despite pricier shipping rates, and booming sales of the Nintendo Switch 2 bode well for the gaming industry.

Many labor unions were once wary of immigrants, viewing them as low-cost competitors for union jobs. Now, changing demographics and common interests have resulted in unions playing a more prominent role in immigrant workforces and communities. We'll hear more. Plus, a bill before the House would claw back more than $9 billion in funding, and a United Nations report shows nearly 138 million children are working worldwide.