Author: Marketplace

Bridget convinces Ryan to launch a new side business, solving money problems. Today’s problem - a local fifth-grader is facing competition with her slime business from a rival school. Could a tariff help solve her problem? With the help of a not-so-spooky-ghost, they’ll learn what tariffs are, and why they make the price of things go up, and how tariffs can lead to…a trade war.

If your family is interested in learning more about the questions we answered in this episode, check out our website. We’ve got discussion questions and tips!

This episode is sponsored by Greenlight. Sign up for Greenlight today at greenlight.com/million.

Undocumented workers form a key part of the economy in a number of industries — including domestic work, agriculture, hospitality and construction. As immigration raids and protests in Los Angeles continue, we'll examine what increased immigration enforcement will mean for the job market, both locally and nationally. Plus: a dispatch from a supermarket in Japan amid rising rice prices and a trial in London with big implications for the business of AI.

After over a decade of litigation, a federal judge has signed off on a settlement allowing schools in the power conferences to issue direct revenue-sharing payments to athletes. Now, universities face large costs and hard choices about which sports benefit and which are left behind. But first: Hedge fund manager Ray Dalio shares why he's worried about government debt and the potential for a "bond market heart attack."

From the BBC World Service: Japan is facing a rice emergency. Prices are soaring, supplies are tight, and it's already cost one government minister his job. So what's going on? It's a mix of bad weather, fewer rice-farming households, and booming demand from tourism and dining out. We'll unpack. Plus, a Danish drugmaker is closing a Copenhagen factory that produces antibiotics for Europe. We'll learn about the causes and implications.

The International Energy Agency projects the global market value of critical minerals could reach almost $800 billion by 2040. That's because we must have them for the electrified future. And right now, China is a dominant supplier.

The Trump administration wants to find other sources, and it's looking to U.S. and international waters to mine minerals on the ocean floor.

Marketplace contributor Daniel Ackerman has been reporting on the deep-sea mining companies that are working to figure out how to harvest in unforgiving terrain.

Consumer credit rose $17.9 billion in April — $6 billion more than projected, the Fed says. Americans may be anxious about tariffs, but low unemployment means a lot of us still have the cash to pay a credit card bill or car payment at the end of the month. But a few debt warning signs are flaring. Also in this episode: Warner Bros. announces a corporate split, the cycling industry shifts gears and we visit a town where the majority of businesses are inside homes.

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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 Donald Trump deployed California National Guard troops to Los Angeles on Sunday, following demonstrations over the weekend protesting the Trump administration’s immigration crackdown. The decision was made without California Governor Gavin Newsom’s approval, and the state is now suing the “illegal and immoral” move. We get into all the potential ramifications of the uptick in immigration raids. Then, we discuss how people in other countries have coped with anti-democratic forces in their own communities. Finally, we smile at the original cast of “Hamilton” reuniting for the musical’s 10-year anniversary.

Here’s everything we talked about today:

• “The Beautiful Danger of Normal Life During an Autocratic Rise” from The New York Times
• “The 78th Annual Tony Awards® | Hamilton 10 Year Anniversary Performance” from CBS
• “The original cast of ‘Hamilton’ reunites on the Tonys stage with rousing performance” from CNN
• “When to see June’s full strawberry moon on Tuesday night” from The Washington Post

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

Get an X-ray or ultrasound with a hospital-affiliated doctor and you may note a so-called facility fee on your bill ranging from $15 to several hundred or more. The additional charges are showing up on more patients' bills, now that some 40% of doctors work for hospitals. But this year, 15 states are trying to limit these fees. But first: Why do people tip more in Delaware than they do in California?

Mortgages comprise about 70% of household debt. We're told to pay off that debt before retiring. But over three decades, data shows more people are still paying their home loans after retirement, and what is owed has increased dramatically. We'll learn more. But first, we'll hear what's on the agenda for today's U.S.-China trade talks in London and discover why investors are flocking to money market funds.

From the BBC World Service: Figures out today for May show China's exports to the U.S. dropped sharply, down nearly 13% from April. That data comes before officials from both countries are due to meet in London for high-stakes trade talks. Last month, talks in Geneva resulted in significantly reduced tariffs. Plus, in Italy, it's the second day of voting on whether to alter residency requirements for citizenship.