The U.S. and Japan have finalized their trade deal a month and a half after it was announced. The White House says there will now be a 15% baseline tariff on nearly all Japanese imports and cut tariffs on Japanese cars almost in half. Also on the show: how climate change is showing up in our economy, what to make of a "delicate" and "vulnerable" job market, and which jobs are on the preliminary "no tax on tips" list.
Marketplace All-in-One - Chinese businesses to pick up pensions bill
From the BBC World Service: Up to now, bosses and employees in China have frequently bypassed pension regulations in return for higher wages; from this week, however, the rules are being enforced. We'll hear more. Plus, Jaguar Land Rover's embattled management has told staff to stay at home until Tuesday following a cyberattack. And, with fuel prices in Nigeria quadrupling over the last two years, many farmers are now tapping into the sun’s energy to keep water flowing.
Marketplace All-in-One - Bytes: Week in Review — Google antitrust verdict, Trump’s crypto stake, and AI angst
The Trump family took their digital token public this week. Plus, artificial intelligence is generating angst in Silicon Valley.
But first, Google’s antitrust case over its search business ended this week with a punishment far short of what the government sought. Google could have been forced to sell off its Chrome browser or stop paying Apple and others to make it the default search engine. Instead, a federal judge said all the company has to do is share some of its search data with rivals.
Marketplace’s Nova Safo spoke with Natasha Mascarenhas, a reporter at The Information, to discuss all of this and more.
PBS News Hour - World - U.S. military strikes on suspected drug smugglers spark legal and diplomatic concerns
The Trump White House is signaling a new war on drug cartels. On Monday, the president released video of what the administration says was a strike on a drug-running boat off the coast of Venezuela. Nick Schifrin takes a closer look at what happened and at the administration’s case for both the policy and the legality of this renewed focus on drug trafficking. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Marketplace All-in-One - What about the regional Feds? What do they do?
The Federal Reserve Board of Governors has gotten a lot of attention lately — President Trump is attempting to remove one member and has nominated another. But there’s more under the central bank umbrella than president-appointed officials. In this episode, we break down why regional Fed banks and Fed presidents matter. Plus: The latest Beige book shows an uptick in lending, shipping costs are down and an economist walks us through her process for reading a CPI report.
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Marketplace All-in-One - Taking the pulse of the job market
Economic data rolling out this week has helped paint a snapshot of the economy. We found out yesterday that 5.3 million people were hired and 5.3 million quit or were laid off in July. Fresh data out this morning revealed that the private sector added only 54,000 jobs last month. Today, we'll discuss this slowing job growth. Plus, an illegal sports streaming site is shut down, and Texas is restricting the ability of certain foreign nationals to own property.
Marketplace All-in-One - Federal job cuts lead to a black market boom … for ants
There's a black market trade for everything — including ants. (Yes, even ants.) And President Donald Trump has slashed the number of federal government employees, which included entomologists focused on pest control. Today, we'll look at what the illicit ant trade looks like and the sort of environmental and financial costs that can result from invasive species. But first, Trump has his first chance at reshaping the Federal Reserve through the nomination of Stephan Miran.
Marketplace All-in-One - India cuts taxes for shoppers to counter Trump’s trade war
From the BBC World Service: India's Finance Minister has announced massive tax cuts on hundreds of everyday consumer items. The move is aimed at boosting domestic demand amid 50% American tariffs on Indian exports. Then, a group of English-speaking hackers claims to be behind a massive cyberattack that's halted global production lines at Jaguar Land Rover. And Texas has become the latest U.S. state to impose restrictions on some foreign-born people and businesses buying or renting property.
Marketplace All-in-One - Police departments quietly disable AI-generated report safeguards
Axon, a company that makes policing equipment, developed new software called Draft One that takes recordings from police cameras and uses artificial intelligence to summarize them into incident reports.
Many police departments trying out the tool are not disclosing that they're using AI to write reports, according to a Mother Jones investigation. That potentially leaves both prosecutors and defense attorneys in the blind — despite safeguards Axon built into its software to prevent this very scenario, and to remove errors or AI hallucinations.
Marketplace’s Nova Safo spoke with investigative journalist Takendra Parmar who reported the story for Mother Jones.
PBS News Hour - World - What China’s display of military might and diplomacy mean for the U.S.
There was an extraordinary display of military might on the streets of Beijing. China's parade was the culmination of several days of high-level diplomacy, without the United States, as China seeks to cement its place as a preeminent global power. Nick Schifrin discussed the gathering of leaders with Kurt Campbell, deputy secretary of state during the Biden Administration. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy