Even though we haven’t gotten recent economic data because of the government shutdown, there’s still plenty of speculation that the next Fed meeting will be a contentious one. We hear from Diane Swonk, chief economist at KPMG, about how the slowing job market and creeping inflation may force the guardians of interest rates into uncomfortable compromises. Plus, a look at why the Trump administration is lowering some tariffs on imported food items from Latin America. And, a chat with McKinsey’s Michael Chui about how companies are utilizing AI and what that means for the workforce.
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How optimistic are small business owners in this economy?
How optimistic are small business owners nowadays? According to a recent survey, the picture is downbeat — many owners have been dealing with tariffs and other stressors. We delve into the data. And, a chat with the co-founder of a non-profit restaurant in New York City that serves up economically inclusive meals priced with a sliding scale based on what diners can pay.
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What else is in the legislation to reopen the government? A lot.
The longest government shutdown ever ended last night when President Donald Trump signed a stopgap bill to keep federal agencies going through Jan. 30. But the shutdown deal also included spending bills funding military construction, the legislative branch, the Agriculture Department, and the VA. We went through the lesser-known provisions so you don't have to. Also: the state of Canada's energy exports and potential limits to the power of proxy advisory firms.
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Fixing the hemp loophole
By now, you know that the House passed legislation last night to reopen the government. But you might not know about a provision that would completely change the way hemp is regulated. It was tucked into the new farm bill, which was also approved last night, and funds the Agriculture Department through September. We'll hear more. Plus, are government institutions shifting resources away from the working class? Professor Clara Mattei argues that's the case.
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As U.S. tariffs bite, India gives credit lifeline to exporters
From the BBC World Service: India’s government has approved a $5 billion credit line to support its struggling exporters, as Indian workers across sectors like textiles, jewelry, and seafood face major potential job losses. Then, attendees of COP30 are hoping for a U.N.-backed deal to impose a levy on emissions for large ships. Research also presented at the climate summit warns that global carbon emissions from coal, oil, and gas are set to reach a record high in 2025.
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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