Marketplace Morning Report

More than a million people dropped their Affordable Care Act coverage this year after Congress let enhanced pandemic-era subsidies expire. That number is likely to rise significantly as the year goes on. And for the first time in years, the number of insurers offering ACA plans has dropped, too. We'll dig in. Also on the show: the global wait for fertilizer and the challenges of the teen summer job market.

In a time of economic uncertainty and with so much information at your fingertips, where you get your financial advice matters more than ever. In a new Marketplace series called "Must Be the Money," journalist and author Lee Hawkins has candid conversations with athletes, influencers, and entrepreneurs about wealth creation and navigating today's economy. But first on the show, with an Iran deal and this first Federal Reserve meeting under Chair Kevin Warsh, we'll preview the economic week ahead.

A tentative deal has been reached to end the war in the Middle East and reopen the Strait of Hormuz. Pakistan, which has served as a mediator, says the agreement will be signed in Switzerland on Friday. But details of the agreement are scarce, and that uncertainty is likely to be reflected in oil prices. Then, first-time homebuyers remain locked out of the market. And from the latest season of the Marketplace podcast "How We Survive," can cloud-seeders save Utah's Great Salt Lake?

Today, “Marketplace Morning Report” Kimberly Adams is joined by economist Lauren Saidel-Baker with ITR Economics to break down the results. The food manufacturer Campbell’s reported a 4% decline in sales, citing inflationary pressures and softer demand, while Smucker’s, Dollar General, and Five Below all flagged consumer stress in their outlooks. Later in the show, we look at how longstanding challenges for rural Alabama communities accessing healthcare might get worse because of federal policy changes.

This morning, “Marketplace Morning Report” host Kimberly Adams joins Marketplace’s Nova Safo to discuss the unknowns with which the stock will debut. SpaceX confirmed the public offering price is $135 dollars per share — that’s how it raised $75 billion, and how it'll make CEO Elon Musk a trillionaire — but the company followed an unconventional IPO process. Later in the show, Adams speaks with hospital administrators in Alabama about how they’re preparing for the effects of rural healthcare changes.