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 t...
The U.S. dollar hit a three-year low in foreign exchange markets today, signaling nervousness in global markets over tariffs. We delve into what the drop means. Plus, we discuss with FHN Chief Economist Chris Low why the bond market might just be the most powerful balance on the president’s authority to impose tariffs. And, in the latest edition of our “What’s That Like?” series is exploring the odd, unusual and downright weird jobs that help prop up our economy, we chat with an oyster farmer about raising the slimy, delicious shellfish.
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10:08
Preparing for retirement amid a trade war
People who are about to retire likely just saw their pool of money shrink because of all of the market uncertainty. We chat about what the latest tariff-driven turmoil likely means for savers and how to navigate it. Plus, a look at why the dollar has been dropping in recent days. And, how Prada’s purchase of fellow luxury brand Versace might change how the brand sells itself to consumers.
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7:05
The tariff tit for tat continues
From the BBC World Service: China has announced it is responding to steepening US tariffs by ramping up its own taxes on imported US products to 125%. It's the latest twist in what's been a whiplash-inducing week for global investors, government finances, and our savings. Plus, shares in luxury brand Prada were up on Friday after it agreed to buy rival fashion house Versace in a deal worth over $1 billion. And, some customer-facing businesses in South Korea are turning to automation to solve staffing issues amid declining birth rates.
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6:40
What history shows us about tariffs and the economy
"Tariffs of this kind of magnitude always do more damage than good," says Diane Swonk, chief economist at the audit, tax and advisory firm KPMG. Today, we'll get assessments on the economic impacts of the trade war under President Donald Trump in 2018. Plus, we'll learn how a furniture store CEO and carnival operator are navigating tariff-induced uncertainty. And later, we'll hear about the difference that New Mexico's free child care makes for working families.
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7:03
How do you plan money decisions with all this uncertainty?
With President Donald Trump's abrupt U-turn on tariffs yesterday, investors have been reminded that the economic landscape can be painted over in an instant. The president said he acted "instinctively, more than anything else." So how should investors be thinking about this economic moment? We're joined by Russ Mould, investment director at U.K.-based investment platform AJ Bell, to discuss. Also on the show: student certificates and the market for chicken feet.
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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