Author: Marketplace

The latest in President Donald Trump’s trade war waffling? Tariff exemptions aimed at lowering Americans’ grocery bills. Affected products could include supermarket staples, like coffee and bananas from Ecuador, Argentina, El Salvador and Guatemala. In this episode, how long it could take for shoppers and businesses to see lower prices. Plus: Work permit rollbacks fuel a janitorial workforce crunch in Texas, moviegoers shell out for IMAX screenings, and we check in with a Pennsylvania customs broker.

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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.

The Latin Grammys threw a party in Las Vegas last night. But this year, the Trump administration’s immigration crackdown has had a chilling effect on the Latin entertainment industry. Mountain West News Bureau reporter Yvette Fernandez joins Kimberly from Las Vegas to share her reporting, including how the city is handling a lengthy tourism slump. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• "Latinx Files: Recapping the Latin Grammys" from The Los Angeles Times
• "Immigration crackdown, visa issues spark issues for Latin music festivals" from Marketplace 
• "New Statistics Underscore Las Vegas' Prolonged Tourism Slump" from Travel Pulse
• "Healthcare costs continue to be at the heart of the government shut down as costs will still increase" from KNPR
• "He has a soulful voice, a No. 1 hit and he's not real. Meet AI star Breaking Rust" from USA Today
• "The death of the penny is leaving businesses stuck in the middle" from Marketplace
• "The growing business of disconnecting" Marketplace
• "Holiday catalogs are making a comeback" Marketplace
• Test your news knowledge with Marketplace’s new weekly quiz

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

Even though we haven’t gotten recent economic data because of the government shutdown, there’s still plenty of speculation that the next Fed meeting will be a contentious one. We hear from Diane Swonk, chief economist at KPMG, about how the slowing job market and creeping inflation may force the guardians of interest rates into uncomfortable compromises. Plus, a look at why the Trump administration is lowering some tariffs on imported food items from Latin America. And, a chat with McKinsey’s Michael Chui about how companies are utilizing AI and what that means for the workforce.

How optimistic are small business owners nowadays? According to a recent survey, the picture is downbeat — many owners have been dealing with tariffs and other stressors. We delve into the data. And, a chat with the co-founder of a non-profit restaurant in New York City that serves up economically inclusive meals priced with a sliding scale based on what diners can pay.

From the BBC World Service: Donald Trump is set to cut import taxes on products like coffee, bananas, and beef as part of trade agreements with four Latin American countries, aimed at easing food prices. A tariff of 10% will stay on most goods from Guatemala, Argentina, and El Salvador, as will a 15% tax on imports from Ecuador. But staples like coffee and bananas, which the U.S. can’t produce enough of, will be exempt.

This week we learned the Japanese investment firm Softbank sold all of its stake in the juggernaut chipmaker Nvidia. We'll get into why on today's “Marketplace Tech Bytes: Week in Review.” Plus, Apple is reportedly pushing back the release of its thinnest iPhone, the Air, and Wikipedia is asking AI companies, once again, to pay for scraping its data.

But first, back to that big move by Softbank and its CEO, Masayoshi Son. It cashed out its stake in Nvidia in October, the same month that the chipmaker hit a $5 trillion valuation. The $5.8 billion it netted will be redirected to OpenAI, part of a promised $30 billion to be invested in the maker of ChatGPT.

Marketplace’s Meghan McCarty Carino spoke with Anita Ramaswamy, columnist at The Information, about what all this means.

SoftBank Sells Its Nvidia Stake for $5.8 Billion to Fund OpenAI Bet - The Wall Street Journal

SoftBank sells its entire stake in Nvidia for $5.83 billion - CNBC

Apple Delays Release of Next iPhone Air Amid Weak Sales - The Information

iPhone Air Sales Are So Bad That Apple's Delaying the Next-Generation Version - MacRumors

Wikipedia urges AI companies to use its paid API, and stop scraping - TechCrunch

In the AI era, Wikipedia has never been more valuable - the Wikimedia Foundation

With the government shutdown officially over, the Bureau of Labor Statistics is back at work after a 43-day hiatus. But all that missed data can’t be recreated — and catching up while understaffed will be difficult. In this episode: What reports will BLS prioritize and what’ll be left behind? Plus: Solar projects rush to finish before a tax credit deadline, Disney stops reporting its streaming subscriber numbers, and businesses strategize for a world without pennies.

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.

Congress may have ended the shutdown (finally), but it’s still entangled in a power struggle with the Executive Branch. Kai Ryssdal has thoughts. On the show today, Kai and Kimberly get into what comes next in the shutdown’s wake, how the Trump administration’s tariff arguments went over at the Supreme Court and what the sliding balance of power in the federal government has to do with the health of the U.S. economy.

Here’s everything we talked about today:

• "Court appears dubious of Trump’s tariffs" from SCOTUSblog
• "Trump floats $2,000 tariff rebate checks: Here's what you need to know" from CNBC
• "Trump claims tariff loss would force $3 trillion ‘unwind'" from Axios
• "If SCOTUS strikes down President Trump's current tariffs, he has plenty of other options" from Marketplace
• "How Congress Gave Up Its Own Power" from Time
• "Senate sinks measure to block military action against Venezuela" from Politico

Join us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

The longest government shutdown ever ended last night when President Donald Trump signed a stopgap bill to keep federal agencies going through Jan. 30. But the shutdown deal also included spending bills funding military construction, the legislative branch, the Agriculture Department, and the VA. We went through the lesser-known provisions so you don't have to. Also: the state of Canada's energy exports and potential limits to the power of proxy advisory firms.

By now, you know that the House passed legislation last night to reopen the government. But you might not know about a provision that would completely change the way hemp is regulated. It was tucked into the new farm bill, which was also approved last night, and funds the Agriculture Department through September. We'll hear more. Plus, are government institutions shifting resources away from the working class? Professor Clara Mattei argues that's the case.