That's the conclusion of Karen Petrou at Federal Financial Analytics after President Donald Trump moved to fire Federal Reserve Governor Lisa Cook last evening. That follows unproven allegations of mortgage fraud. Whether or not the move is legal, it raises additional concerns over the independence of America's central bank and the dollar's role as the global reserve currency. And later: What's the relationship between the Fed's benchmark rate and mortgage rates?
Marketplace All-in-One - Postal services around the world hit pause on shipments to the U.S.
From the BBC World Service: Japan and Australia are among the latest countries suspending some postal deliveries to the United States. And it's all down to confusion over tariffs. President Donald Trump signed an executive order last month ending the global import tax exemption on small packages worth under $800 entering the U.S. duty-free, a change due to take effect on Friday. Also, Boeing and Korean Air have announced a deal worth $36 billion for over 100 planes.
Reset with Sasha-Ann Simons - What’s That Building? The Charnley-Persky House
The historic Charnley-Persky House in the Gold Coast is a rare two-fer co-designed by a pair of architecture giants: Frank Lloyd Wright and Louis Sullivan. The building at 1365 N. Astor St., which is often called the first modernist house in the world, was designed in 1891 when Sullivan was 35 years old and his employee Wright was 24. In this episode of What’s That Building?, Sasha Ann Simpons and Dennis Rodkin tour the Charnley-Persky House for a closer look at this unique property.
For a full archive of Reset interviews, head over to wbez.org/reset.
Marketplace All-in-One - Denmark to end 400 years of letter delivery service
Across Europe, postal services are grappling with declining letter volumes, amid a rise in digitalization. In Demark, where the decline has been particularly steep, the publicly-owned national postal service, PostNord, is bringing an end to 400 years of letter deliveries, to focus solely on parcels from 2026. And while a private firm will step into the gap, letters are a shrinking business. So as digitalization grows, do letters have a future? The BBC’s Adrienne Murray reports from the Danish capital with more details.
Marketplace All-in-One - Who is fibbing about … the stock market?
Hi Million Bazillionaires. While we’re working on a brand-new season, we’ve got a special treat for you. Today, we’re sharing an episode from our friends over at “The Big Fib.” In this gameshow, a kid contestant will try to spot which adult expert is lying about … the stock market. What do you call the person who buys and sells stocks for a fee? How many stocks get sold in a day? Which stock is less risky to buy? Do you know the true answers to these questions? Play along and see if you can guess who is telling fibs and who’s telling the truth on “The Big Fib” gameshow. For more great shows for kids and families visit GZMshows.com.
PBS News Hour - World - Another 5 journalists killed after Israel strikes Gaza’s largest hospital
A pair of Israeli strikes on a Gaza hospital killed five journalists and more than a dozen others, including first responders. Some of their deaths occurred on live television in what Israel called a "tragic mishap." This incident follows strikes that killed six journalists in Gaza City two weeks ago, the single deadliest day of the war for those covering it on the ground. Stephanie Sy reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Reset with Sasha-Ann Simons - Chicago Doctors Raise Awareness Of Gaza Famine
Chicago-based emergency room physician Dr. Thaer Ahmad is one of the dozens of health care workers from the area who have traveled to Gaza to provide humanitarian aid since the October 7, 2023 attacks. Ahmad and his colleagues are sharing their experiences with Illinois lawmakers in an effort to highlight the starvation in Gaza and to stop weapon transfers to Israel. Reset hears from Dr. Ahmad, WBEZ city politics Mariah Woelfel and Ertharin Cousin, former executive director of the United Nations World Food Programme.
Marketplace All-in-One - For every action, something can go sideways
President Trump's recent deal with Intel gives the U.S. government a 10% ownership stake in the company. But today, Intel responded with a regulatory filing, outlining all of the ways this deal could go sideways. We take a look at the unintended consequences of governments owning companies. Also on the show: why prices have been slow to rise in response to tariffs and what to expect from the fall retail 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.
Marketplace All-in-One - A bit of a Jackson Hole hangover
After celebratory markets late last week following indications that the Federal Reserve will lower interest rates at its September meeting, this week is starting with a bit of a headache. Markets are eager for a rate cut, but signs of a weaker labor market and uncertainty from tariff and immigration policy are complicating the economic picture. Then, Australia is hoping to ease the rare earths bottleneck after China said it's tightening controls on mining and processing.
Marketplace All-in-One - A beverage behemoth
Keurig Dr Pepper plans to acquire the coffee and tea company JDE Peet's for about $18 billion. The idea is to shore up Keurig’s coffee business. But the brands coming under one umbrella would be Dr Pepper, 7UP, Canada Dry, Yoo-hoo, A&W, Stumptown, and Maxwell House, to name a few. We'll learn more about the deal. Plus, why the Fed's focus is shifting from inflation to the job market, and how colleges are bracing for a higher ed recession.