Marketplace Morning Report

In his 19-minute address to the nation last night, President Donald Trump argued that he inherited a mess from former President Biden; the president claimed he'd made historic improvements to the lives of Americans over the past 11 months. Today, we'll dig into the claims — from the accurate, to the misleading, and the wrong. Also on the show: how scammers are using AI-generated ads to trick shoppers.

As the year draws to a close, it's clear that the post-COVID hiring bonanza has ended, and job-hunting has gotten trickier. Experts are predicting next year to be marked by more of the same: a low-hire, low-fire labor market. Plus, the Nasdaq asks the SEC for permission to allow close to 24/7 trading, and a federal appeals court is blocking the firing of most workers at the Consumer Financial Protection Bureau.

From the BBC World Service: The European Union says it's close to agreeing a trade deal with the South American economic bloc Mercosur, which represents Brazil, Argentina, Paraguay, and Uruguay. The agreement covers all aspects of trade, but the most controversial area is agriculture. Farmers have been protesting because they fear a glut of cheap imports. Then, the European Commission unveiled its first-ever roadmap for tackling a Europe-wide housing affordability crisis earlier this week. We'll discuss it with the EU's housing Commissioner.

We get a firehose of economic data this week. As these numbers come in, one thing is becoming clearer: Wage gains are stalling, and inflation has been heating up. What's that mean for affordability and consumers? Then, we check on oil prices after President Donald Trump ordered a blockade of Venezuelan oil tankers. Plus, we bring you the second part of our conversation with June Hagin, a night shift worker at a West Harlem Christmas tree lot.

It's an annual tradition in New York City: Each December, pedestrians fight for walking room on sidewalks populated by lush firs and frasers. Staffed by seasonal workers, these Christmas tree lots are often open 24 hours a day. We visited one of these tree stands on a sidewalk in West Harlem just after midnight to learn about the biz. But first, holiday season retail sales numbers out yesterday from the Census Bureau were unexpectedly flat.