Marketplace Morning Report

Paying for housing and childcare can eat up more than half of the median U.S. family’s income, a new report finds. The least affordable metro areas in the country for working families with kids are Los Angeles and New York City, where the median cost of childcare plus the notoriously high cost of housing devour 95% or more of the median income. We have more. Plus, who's funding the Republican midterm convention in Dallas?

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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.

Stories featured in this episode:

Who's paying for the GOP midterm convention in Dallas?
In these cities, housing and childcare eat up the vast majority of household income

Online reseller The RealReal says demand for vintage on the site is up more than 400% since 2020. Meanwhile, rival ThredUp projects the global resale market will hit $400 billion by 2030. On this morning's program: Why some of today's shoppers view secondhand designer goods as smart investments. But first, hours after Canada imposed new tariffs on American goods, President Donald Trump announced a ban on some imported Canadian products like beer, wine, and liquor.

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 covered in this episode:

Why the designer resale market is booming right now

Tariffs on about $20 billion worth of U.S. imports to Canada are officially in effect today. The import duties are Canada’s response to tariffs imposed by the Trump administration last month and a sign that the renewed trade war with the United States’ second-largest trading partner is nowhere near an end. This morning, we explain Canada's tariffs, put them into context, and discuss their market impacts. Also: the long-term effects of financially supporting your parents.

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 covered in this episode:

How providing financial support to your parents impacts wealth-building

Today, the New York Fed will release its monthly Survey of Consumer Expectations, which will provide data points the central bank’s Open Market Committee will use to decide whether to raise interest rates to tamp down inflation. We have a preview this morning. Then, we head to a Philadelphia farmers market to hear how customers and local lettuce growers have been responding to the cyclospora outbreak.

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 covered in this episode:

How inflation expectations can fuel rising prices
“You’re out right away”: Lettuce sells fast at farmers' markets amid cyclospora outbreak

U.S. bond markets are closed today for the Labor Day holiday, but we're continuing to track the global bond sell-off. However, is this a sell-off or more of a normalization? We'll set the scene for current movements in the bond market and try to paint a picture of what lies ahead. Then, as part of our “Clocked Out” series, we'll hear about one woman's transition from clinical research to med school.

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 covered in this episode:

A day in the life of a 32-year-old medical student