Marketplace All-in-One - Bytes: Week in Review — Tea app data breach, chip exports to China and YouTube rolls out age estimation tech
The Tea app is a place for women to share red or green flags about men, but it recently suffered a major data breach. Plus, why some members of Congress are protesting a deal with China to allow Nvidia to sell its H20 chips to the country. And YouTube is rolling out new age estimation technology to protect younger users. Marketplace’s Meghan McCarty Carino is joined by Maria Curi, tech policy reporter at Axios, to discuss all this.
PBS News Hour - World - News Wrap: White House sending 2 officials to inspect Gaza food distribution
PBS News Hour - World - Sen. Shaheen on why more Dems voted to block weapons to Israel: ‘Things need to change’
PBS News Hour - World - Ex-CIA analyst challenges Trump’s attempt to discredit Russian election interference probe
Marketplace All-in-One - Anomaly or omen?
Employers announced around 62,000 job cuts in July, according to a report from Challenger, Gray & Christmas. That’s up nearly a third from June, and more than double the number of July 2024 layoffs. In this episode, we dissect whether this just a blip, or something to stress about. Plus: Federal data erosion comes with consequences, prices rise but stay behind wage growth, and private equity takes notice of the youth sports market.
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Reset with Sasha-Ann Simons - Minding Manners At Your Next Concert. Oh Yeah, And Lolla’s Here.
Marketplace All-in-One - Let’s check in with the Fed
The Federal Reserve left its benchmark interest rate unchanged after meeting yesterday, despite repeated pressures from President Trump to cut rates. But not everyone at the Fed was happy about it. On the show today, Marketplace’s Nancy Marshall-Genzer joins Kimberly to fill us in on the recent debate over lowering interest rates and the political tension surrounding the Fed. Plus, thriving raspberry bushes make us smile.
Here’s everything we talked about today:
- "The Federal Reserve leaves interest rates unchanged" from Marketplace
- "Fed's Powell sticks with patient approach to rate cuts, brushing off Trump's demands" from AP News
- "Could Trump use Fed HQ renovations as a pretext to fire Powell?" from Marketplace
"What’s Holding Trump Back From Firing Powell" from The Atlantic
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Marketplace All-in-One - Investors say “aye aye, sir” to AI
Meta and Microsoft shares jumped Thursday morning following strong quarterly earnings, with both companies attributing the gains to AI-driven productivity and revenue growth. Susan Schmidt at Exchange Capital Resources weights in. Also on the show: inflation picked up in June, challenging hopes of a cooldown. Diane Swonk at KPMG explains the implications. And later, Marketplace's Jennifer Pak looks at what Chinese consumers are (and aren't) spending on this summer.
Marketplace All-in-One - The Federal Reserve leaves interest rates unchanged
The guardians of interest rates at America's central bank chose not to cut interest rates, given the uncertain effects of tariffs and a resilient overall economy. But the committee's decision was not unanimous. Also on the show: the July Jobs report. The U.S. labor force shrank by 755,000 in May and June, and that's partly what accounts for June's drop in unemployment. We look into why this trend will likely to be a persistent feature of the U.S. labor market later this year and into 2026.
