Would 50-year mortgages make it easier to buy a home?
President Donald Trump and Federal Housing Finance Agency director Bill Pulte have floated the idea of a 50-year mortgage as a potential way to make homebuying more affordable. The president has said that longer mortgages would lower borrowers’ monthly payments, which is true — but at what cost? And later, 47 economists filed an amicus brief in Trump's tariffs case before the Supreme Court. We'll unpack what they said.
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Even if the government reopens, what about all that economic data?
After 43 days, the government shutdown could end today. But there are still lingering questions: When will food stamps be distributed to beneficiaries? When will government workers receive paychecks? As for all of the economic data we missed while government agencies were closed? It won’t be released immediately once the government reopens — far from it. Then, the shuttering of the IRS' Direct File program and climate talks in Brazil.
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Australia's spy chief warns of foreign hacker threat
From the BBC World Service: Australia is increasingly vulnerable to "high-impact sabotage" from hackers backed by China, according to Australian intelligence official Mike Burgess. He told business leaders in Melbourne that there had been multiple attempts to hack into transportation, telecommunications, water, and energy networks. Plus, a multibillion-dollar natural gas platform off the coast of Senegal promised to bring economic prosperity, but fishermen there say the development has caused disruption and unemployment.
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Tariffs to hit a dinner table favorite: Italian pasta
The Trump administration is moving to levy tariffs of over 90% on popular Italian pasta brands on “anti-dumping” grounds. We look at how the move could impact grocery prices for the pantry staple. Plus, even though we don’t have a government jobs report this month due to the shutdown, private sector numbers give us an idea of the state of the labor market. And, as New Mexico moves to provide free childcare, a look at how daycare benefits businesses.
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'Cryptoqueen' facing jail after huge bitcoin seizure
From the BBC World Service: A Chinese woman will be sentenced in London later for her role in a Bitcoin scam worth billions of dollars. Qian Zhimin was convicted of trying to launder more than sixty thousand bitcoins, now worth around six-and-a-half billion dollars, following Britain's largest ever seizure of cryptocurrency. We hear from some of the investors who were scammed as part of the fraud.
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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