Category: 4-FrequentNewsStreams

In our news wrap Wednesday, the Supreme Court is letting Federal Reserve Governor Lisa Cook stay in her role for now, the White House pulled its nominee to lead the Bureau of Labor Statistics, residents of a Bronx apartment building were unharmed after an explosion caused part of the high-rise to collapse and Hurricane Imelda is heading toward Bermuda. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

The government shutdown means crucial jobs data will likely be postponed, right as the Fed weighs its next move. Chicago Fed President Austan Goolsbee, a self-described “data dog,” tells us how central bank officials plan to pivot. He also discusses Fed independence, transitory inflation, and rate cut pacing. After that: fiscal calendars vary by sector, synthetic dye removal will ripple through the food chain, and ADP reports more sour employment data.

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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.

Markets are having to digest a lot right now. There's the government shutdown, plus new private payroll data showing the economy lost jobs in September. Susan Schmidt, portfolio manager at Exchange Capital Resources, joins us to break it down. Also on the show: the FAFSA portal is open. We look at what's different with this year's federal student aid applications and how the government shutdown could impact the process. Then, Marketplace's Sabri Ben-Achour continues his conversation with Susan M. Collins, head of the Federal Reserve Bank of Boston.

The slow-moving train wreck we've been watching unfold for a week, has indeed wrecked: the government officially shutdown at midnight. Hundreds of thousands of federal workers will be furloughed, and the Trump administration is threatening to fire others. Later in the show, Marketplace's Sabri Ben-Achour sits down with Susan M. Collins, president and CEO of the Federal Reserve Bank of Boston. They'll discuss tariffs, a cooling labor market and how the central bank is affected by a government shutdown.

From the BBC World Service: Eighteen sunscreen products have been pulled from shelves in Australia because of safety concerns; testing showed they did not offer the SPF protection claimed. As the U.S. tightens its H-1B visa scheme, China hopes it will gain from the launch of a new program to attract foreign talent. And can the United Arab Emirates become an AI superpower?

The role of artificial intelligence in mental health care is an unsettled issue. States including Illinois, Utah, and Nevada limit or ban the use of AI for therapy. And researchers say such conversations can sometimes veer off course and even be dangerous.

Marketplace’s Nova Safo spoke with Jenna Glover, chief clinical officer at the mental health care platform Headspace, which launched an AI assistant, Ebb, last year.

While the stock market appears unconcerned about potential red flags in this economy, the bond market's a bit more cautious. As Washington nears a shutdown and the labor market flags, Treasury yields are ticking down. But demand for those safer, long-term bonds hasn’t been uniform. Plus: Trump adds to existing tariffs on Canadian lumber, OpenAI wades into e-commerce waters, and Abha Bhattarai at the Washington Post talks about the “stuck economy.”

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 half of American adults say they aren’t getting enough sleep. Beyond being tired and irritable, persistent sleep deprivation has been linked to many physical and psychological issues, from weight gain and heart disease to depression and dementia. On this episode of In the Loop we speak to Dr. Sabra Abbott, a sleep specialist at Northwestern Medicine about improving sleep hygiene. For a full archive of In the Loop interviews, head over to wbez.org/intheloop.

Las Vegas is facing a months long decline in tourism, partly due fewer international visitors to the United States overall. So is Las Vegas dead? “Marketplace Morning Report” host David Brancaccio went to find out. He joins Kimberly on the show today to share what he’s hearing from business owners and tourists about the city’s economic slump.

Here’s everything we talked about today:

• "Sin City tourism slump signals wider economic slowdown" from Axios
• "An Empty Strip And Fewer Tips: Is Las Vegas In Trouble?" from Time

• "Las Vegas is hurting as tourism drops. Are Canadians behind the Sin City slump?" from CBC News

  
  

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The Trump administration’s new $100,000 fee on new H-1B visas for foreign workers threatens to upend hiring in tech. But the fee goes far beyond just that industry. Higher education also uses the H-1B visa, and that fee could be a big problem there. Brendan Cantwell, a professor at Michigan State University, unpacks what these changes mean for universities. But first, Dr. David Kelly, chief global strategist at J.P. Morgan Funds joins us to discuss President Trump's latest tariffs.