Marketplace All-in-One

The House Budget Committee approved a $95 billion budget bill on Thursday. The measure paves the way for a process known as reconciliation, which allows the majority party to pass bills without minority support. The package includes funding for defense, the war against Iran, and farm relief initiatives. This morning, we have an explainer. Then: what AI firms' expansion to New York City means for commercial real estate.

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Marketplace Morning Report 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.

Apple has filed a lawsuit against OpenAI, alleging the AI startup stole trade secrets. The iPhone maker claimed that former Apple employees were asked to bring proprietary hardware to job interviews with OpenAI, and that the company tricked manufacturers into sharing Apple design secrets.

Plus, New York state becomes the first to enact a data center moratorium, and Uber is lobbying to slow the roll of autonomous vehicles in Washington D.C. Marketplace’s Meghan McCarty Carino spoke with Paresh Dave, senior writer at Wired, to learn more.

Here’s what we talked about:

“The 6 wildest claims in Apple’s lawsuit against OpenAI” from The Verge
“OpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companion” from Bloomberg
“New York becomes the first state to impose a data center moratorium” from Reuters
“Uber’s robotaxi lobbying effort puts it on a collision course with Waymo” from TechCrunch
“Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls” from Bloomberg

The White House has proposed new tariffs on 60 countries that allegedly aren’t doing enough to ban forced labor. Domestic businesses, already burned from last year’s trade war, are bracing for more hurt. In this episode, companies weigh early orders against rising costs. Plus: Recent positive inflation data could convince the Fed to hold interest rates steady, Kroger buys Giant Eagle in ongoing effort to unseat Walmart as the supermarket market-share king, and parents sacrifice to put their kids through youth sports.

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.

Read the stories from today’s episode:

Retailers map out tariff strategies
The Fed digests an optimistic week for economic data
Traditional supermarkets are struggling. Kroger hopes its Giant Eagle merger will help
Business Botox: What it takes to sell a luxury home
Youth sports have turned into a five-figure-a-year commitment for many parents

Annual inflation is clocking in at 3.5%, which is still high by recent standards. That's also the same rate at which average hourly earnings grew in June. While workers barely broke even in June, they actually lost purchasing power to inflation in April and May. With real earnings stagnating, we'll examine some of the causes. But first, we'll check in on how the latest developments in the war with Iran are showing up in oil prices and the rest of the global economy.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report 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.

Stories included in this episode:

What happens when wages grow at the same rate as inflation

Later today, we'll get retail sales figures from the Census Bureau. Consumers are pretty stressed right now and don’t like the prices they’re paying at the grocery store and gas station. However, they are still splurging on things that bring them joy. Plus, Spain and Argentina will face off for the World Cup final on Sunday. This morning, we'll dissect the political and financial costs for some national soccer clubs that didn't make it that far.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report 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.

Stories featured in this episode:

Stressed consumers are still finding ways to splurge
The economic cost that comes with crashing out of a World Cup