The U.S. Department of Agriculture is starting a second round of aid — about $16 billion — for farmers affected by natural disasters. The aid is aimed at growers of fruits, vegetables, and tree nuts. As for aid from President Donald Trump's tariffs? The government's still busy crunching the numbers. Plus, we'll discuss what direction the U.S. economy is headed and hear how AI can help companies soften the blow from tariffs.
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Do city-owned grocery stores work?
New York City mayor-elect Zohran Mamdani swept the election on a campaign all about affordability. One pillar of that platform was the idea of city-owned grocery stores. The thinking: Prices at these city-owned stores would be lower because they’d operate in city-owned spaces, so they wouldn’t have to pay rent or property taxes. Other cities have tried this. How'd the experiment go? But first: the world's largest official creditor and rising utility costs.
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Google's CEO on the AI boom and potential bubble
From the BBC World Service: The artificial intelligence revolution is firmly underway, with tech giants investing billions in research and battling to secure key assets. It's led to a surging stock market, but also panic about the potential impact on jobs and society. Google is one of the companies investing heavily in the new technology. Today, we check in with CEO Sundar Pichai. Plus, the U.K. plans to ban the resale of event tickets for profit.
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Checking in with American exporters and Chinese buyers
After President Donald Trump and Chinese leader Xi Jinping met in South Korea late last month, some tariffs have been suspended or lowered, and China said it will restart purchases of U.S. soybeans and other agricultural goods. To hear about the mood among Chinese buyers and U.S. exporters, Marketplace's Jennifer Park recently attended a trade show in Shanghai. But first: an ethics violation by a former Fed and the impacts of delayed government data.
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What happens when the government finally does the numbers
Tomorrow's when we’re supposed to learn more about how imports and exports have been faring from the Bureau of Labor Statistics, though the 43-day government shutdown may still delay that data release. What might those numbers be able to tell us (whenever they do come out) about some of the impacts of the president’s tariffs? Plus, China has a glut of EVs, and that oversupply is starting to spill over into the rest of the world.
In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.
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