Consumer spending was up pretty significantly for more expensive items last month — things like cars and furniture. All that big-ticket buying comes despite a softening labor market and broader economic uncertainty. We'll parse the data a bit more. Also on the program: we'll hear what we can expect from homebuilder confidence and learn how the startup world is grappling with tariffs and the cancellation of government grants and contracts.
Marketplace All-in-One - Record fine for Australian airline
From the BBC World Service: A court in Australia has handed the airline Qantas a record fine — just under $59 million USD — for illegally laying off 1,800 ground staff during the COVID-19 pandemic. And later, could plans for sweeping tax cuts on consumer goods boost India’s economy in the face of U.S. tariffs? Plus, the root vegetable cassava is one of the world's most versatile crops. We'll hear more about Nigeria's cassava market.
Marketplace All-in-One - What happens to esports athletes when they retire?
Esports is a multi-billion dollar industry, with players making millions by getting good at video games. But while traditional athletes, usually, retire into coaching, managing or being a pundit, what does an esports player do when they’ve hung up their controller? The BBC’s Will Chalk files this report from the U.K.
PBS News Hour - World - What to expect from Zelenskyy’s next meeting with Trump, backed by European leaders
PBS News Hour - World - Security expert analyzes fallout of Trump’s alignment with Putin after their summit
PBS News Hour - World - What Trump and Putin said – and didn’t say – after their meeting in Alaska
PBS News Hour - World - ‘Putin stuck to his guns’: Former State Department official analyzes Trump-Putin summit
PBS News Hour - World - Trump meets Putin in Alaska with future of Ukraine war hanging in balance
Marketplace All-in-One - Concerned consumers keep on spending
Recent data show moderate retail sales growth in July — a positive sign for our economy? On the flip side, consumer sentiment fell in an early-August survey. In this episode, why gloomy shoppers are still gonna shop. Plus: How NEA grant cuts are affecting nonprofit arts organizations, why a wealth tax might be unconstitutional, and when did Putin visit a New York City gas station?
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Marketplace All-in-One - Armed with cash, ICE plans for rapid growth
Immigration and Customs Enforcement has plans to nearly double the number of its immigration detention centers by the end of the year. The agency has an enormous budget to carry out its agenda, but can it find enough workers to do the job? We’ll get into it. And, we’ll play a round of Half Full/Half Empty!
Here’s everything we talked about today:
- "ICE documents reveal plan to double immigrant detention space this year" from The Washington Post
- "ICE Has Tons of Cash, But Is Struggling to Hire Enough Agents" from Time
- "Secretary Noem Unveils No Age Limit for Patriotic Americans to Join ICE Law Enforcement to Help Remove Worst of the Worst from U.S." from the Department of Homeland Security
- "Spike in Corruption Followed Last Hiring Surge at CBP and ICE" from American Immigration Council
- "Adjustable-rate mortgages make a comeback" from Marketplace
- "The White House makes a play for Intel" from Marketplace
- "Work weeks are getting more intense for AI startups" from Marketplace
- "LA 2028 Olympics to sell venue naming rights" from Axios
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