Marketplace All-in-One

President Donald Trump recently made a point to express admiration for Australia’s retirement system — and he says he’s got his Commerce and Treasury secretaries working on a strategy to implement it in the United States. Future Effects correspondent David Brancaccio joins to explain Australia’s “super” system of mandatory savings, and what it could mean for Social Security. But first: why new home construction jumped in June.

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Stories featured in today’s episode:

Why is Trump interested in Australia's retirement system?

The House Budget Committee approved a $95 billion budget bill on Thursday. The measure paves the way for a process known as reconciliation, which allows the majority party to pass bills without minority support. The package includes funding for defense, the war against Iran, and farm relief initiatives. This morning, we have an explainer. Then: what AI firms' expansion to New York City means for commercial real estate.

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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:

House panel advances $95 billion reconciliation bill
Artificial intelligence companies are coming to New York City

Apple has filed a lawsuit against OpenAI, alleging the AI startup stole trade secrets. The iPhone maker claimed that former Apple employees were asked to bring proprietary hardware to job interviews with OpenAI, and that the company tricked manufacturers into sharing Apple design secrets.

Plus, New York state becomes the first to enact a data center moratorium, and Uber is lobbying to slow the roll of autonomous vehicles in Washington D.C. Marketplace’s Meghan McCarty Carino spoke with Paresh Dave, senior writer at Wired, to learn more.

Here’s what we talked about:

“The 6 wildest claims in Apple’s lawsuit against OpenAI” from The Verge
“OpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companion” from Bloomberg
“New York becomes the first state to impose a data center moratorium” from Reuters
“Uber’s robotaxi lobbying effort puts it on a collision course with Waymo” from TechCrunch
“Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls” from Bloomberg

The White House has proposed new tariffs on 60 countries that allegedly aren’t doing enough to ban forced labor. Domestic businesses, already burned from last year’s trade war, are bracing for more hurt. In this episode, companies weigh early orders against rising costs. Plus: Recent positive inflation data could convince the Fed to hold interest rates steady, Kroger buys Giant Eagle in ongoing effort to unseat Walmart as the supermarket market-share king, and parents sacrifice to put their kids through youth sports.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace 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.

Read the stories from today’s episode:

Retailers map out tariff strategies
The Fed digests an optimistic week for economic data
Traditional supermarkets are struggling. Kroger hopes its Giant Eagle merger will help
Business Botox: What it takes to sell a luxury home
Youth sports have turned into a five-figure-a-year commitment for many parents

Annual inflation is clocking in at 3.5%, which is still high by recent standards. That's also the same rate at which average hourly earnings grew in June. While workers barely broke even in June, they actually lost purchasing power to inflation in April and May. With real earnings stagnating, we'll examine some of the causes. But first, we'll check in on how the latest developments in the war with Iran are showing up in oil prices and the rest of the global economy.

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 included in this episode:

What happens when wages grow at the same rate as inflation