Category: 4-FrequentNewsStreams

From the BBC World Service: Chinese President Xi Jinping told leaders attending the APEC summit in South Korea of the need to deepen economic cooperation amid global uncertainty. We'll hear the latest on trade agreements between the U.S. and China, as well as other new developments. Then, Jamaica's government issued a catastrophe bond as it begins recovery from Hurricane Melissa. And later, would you spend money on a job search to try to get a leg up?

Several major firms announced tens of thousands of job layoffs this week, and some reports are putting the blame on AI. Plus, startup Character.AI says it will ban minors from interacting with its chatbots. Also, Nvidia became the first $5 trillion company. We'll look at what that means. Marketplace’s Nova Safo spoke with regular contributor Natasha Mascarenhas, reporter at The Information, about all these topics on this week’s Marketplace Tech Bytes: Week in Review.

President Trump returned to the White House Thursday afternoon after a trip to Asia and a meeting with Chinese President Xi. It comes as the nations are engaged in a tough trade war, covering everything from agriculture to advanced technology. The two leaders agreed to something of a trade truce, each making some concessions, but mostly freezing battlelines in place. Nick Schifrin reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

To discuss the Trump-Xi meeting, Geoff Bennett spoke with former U.S. Ambassador to China Nicholas Burns. A diplomat with decades of service under Republican and Democratic administrations, Burns served as envoy during the Biden Administration. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

For another view on the Trump-Xi meeting, Amna Nawaz spoke with Matt Pottinger. He was deputy national security adviser in the first Trump administration and spearheaded China policy as the confrontation with Beijing accelerated. He now serves as chairman of the China Program at the Foundation for Defense of Democracies, a Washington think tank. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Island nations in the Caribbean worked on rescue and recovery operations in the wake of Hurricane Melissa. The storm tore through Jamaica, leveling some communities entirely. It also left a trail of destruction in Cuba and Haiti. At least 30 are reported dead so far. William Brangham reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

With the government shutdown delaying the Bureau of Economic Analysis' third quarter GDP estimate, economists turn to Fed models and private analysts. The verdict? The estimates vary but generally indicate that growth was positive, crediting business investment and consumer spending. Also in this episode: What private sector data says about the job market, why homebuyers are still waiting on the sidelines, and how banks are managing commercial real estate amid high office vacancy.

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As big companies announce waves of layoffs, lots of workers are worried about AI coming for their jobs. On today’s show, we tune in to part of Kimberly’s recent panel discussion at Aspen Ideas: Economy. President of the AARP Foundation Claire Casey, 1Huddle founder and CEO Sam Caucci, and Union College of Union County New Jersey President Margaret McMenamin share their insights on building a more diverse and resilient labor market in the years ahead. Plus, we hear a listener’s recent win: sewing a historically-accurate dress to sport at the local Renaissance Faire. Nice stitching, Hannah!

Here’s everything we talked about today:

• "Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently" from AP News
• "Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite" from The Wall Street Journal
• VIDEO: "Beyond Lip Service: Building a Resilient Labor Market" from Aspen Ideas: Economy

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

The government has been shut down for nearly a month, and millions of people are starting to feel the effects on federal programs like SNAP, WIC, Head Start and more. In the Loop talks with Brightpoint CEO Mike Shaver, Rolling Meadows resident and mother Wendy Mamola and Northwestern professor Terri Sabol about how a prolonged shutdown could impact the early childhood education and other services provided by Head Start. For a full archive of In the Loop interviews, head over to wbez.org/intheloop.

President Donald Trump and Chinese President Xi Jinping have pulled U.S.-China relations back from the brink. China says both sides will suspend plans to expand export controls — the U.S. on advanced tech and China on rare earths — and Trump will reduce tariffs on China’s exports by 10%. Plus, Meta stocks are down in the dumps, and the Netherlands is experiencing growing pains in the clean energy transition.