The import price index, which keeps track of the price of imports before tariffs are applied, comes out tomorrow. You can tell by looking at it who exactly is paying for tariffs. Prices in certain categories have fallen in recent months — a sign that some foreign exporters are trying to offset the cost of tariffs. But first: The U.S. and China are talking trade, and consumers continue to spend despite economic anxieties.
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Is TikTok’s time up in the U.S.?
From the BBC World Service: As U.S. and Chinese officials hold trade talks in Spain’s capital, the deadline approaches for TikTok, which U.S. President Donald Trump threatened to ban over security worries. Then, the U.S. and U.K. have lined up a string of deals aimed at speeding up nuclear power projects. And, Ghana is the world’s largest importer of used clothing, but about 40% is too damaged to resell. How can the problem be addressed?
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A view of the economy from the upper Midwest
“Marketplace Morning Report” is breaking down the overall picture of the U.S. economy by zooming in on different regions and taking a closer look. Marketplace’s senior economics contributor Chris Farrell reports from St. Paul, Minnesota, about what’s happening in the Federal Reserve’s Ninth District — which includes most of the upper Midwest. Also: Paramount Skydance explores a bid for Warner Bros. Discovery, and markets anticipate a Federal Reserve rate cut.
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"Truth is what statistics are all about"
"When you face bad economic numbers, you've got two choices: fix the economy or attack the numbers," says University of Michigan economist Justin Wolfers. Today, we'll discuss what to make of how the Bureau of Labor Statistics collects data on jobs and inflation, as well as the doubts cast on BLS under the second Trump administration. But first, grocery prices jumped in August. Thing is, tariffs aren't to blame.
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South Korea rethinks U.S. ties after Hyundai raid
From the BBC World Service: Hundreds of workers have returned home to South Korea following a raid by U.S. immigration at a Hyundai battery plant in Georgia. Officials said many workers violated their visas. This morning, we'll hear about the outrage South Koreans are feeling and the hesitance by South Korean companies to invest in the U.S. Then, Europe will get its first Universal theme park near Bedford, England. What economic benefits could the park bring?
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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