Marketplace Morning Report

Last month, four high school seniors participated in an experiment. A Stanford economist was given a list of colleges they were accepted to, what they were contemplating studying, their financial situations, and the aid packages they were offered. Then, she recommended the most economically sound college choice for each. Today, we'll delve into her choices and thinking. But first: why it would be crazy to think about cutting interest rates right now.

A new U.S. Department of the Interior report confirms what many already feared: The Colorado River system, which pumps out water to 40 million people in seven western states, is looking grim. It was already depleted from drought and a dry winter, but there’s now concern over hydropower and keeping taps flowing in Phoenix and Tucson. We'll dig in. Then, the number of Latino-owned businesses is growing at a fast pace.

HotSOS Housekeeping is an app that uses real-time data to help hotel housekeepers speed up room turnover. But the constant monitoring means the tracking of every move, which can add stress and discomfort for some workers. Today, we hear from two housekeepers — one who has union protections and one who doesn't — about how the algorithmic app has changed their worklives. But first, rising prices mean the central bank may flirt with interest rate hikes this year.

Memorial Day weekend is here, kicking off the summer travel season. More Americans are expected to hit the roads this year, but it comes at a time when gas prices are the highest they've been in four years — up about a $1.40 since the U.S. and Israel attacked Iran, and Iran effectively closed off the Strait of Hormuz. Also on this morning’s podcast: high-profile concert cancellations and a preview of consumer sentiment.

Some of the biggest names in tech are making moves to go public this week. SpaceX — Elon Musk’s rocket, social media, and AI company — filed for an initial public offering yesterday. And the Wall Street Journal reported that OpenAI, the maker of ChatGPT, could file for an IPO as soon as tomorrow. These companies have raised a lot of private capital over the years. Why go public now? Plus, the pharmaceutical industry is investing billions in finding exotic radioactive isotopes to treat cancers.