Marketplace All-in-One

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.

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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

Later today, we'll get retail sales figures from the Census Bureau. Consumers are pretty stressed right now and don’t like the prices they’re paying at the grocery store and gas station. However, they are still splurging on things that bring them joy. Plus, Spain and Argentina will face off for the World Cup final on Sunday. This morning, we'll dissect the political and financial costs for some national soccer clubs that didn't make it that far.

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 featured in this episode:

Stressed consumers are still finding ways to splurge
The economic cost that comes with crashing out of a World Cup

Have you ever daydreamed about leaving your office job, moving to the countryside, and living off the land? In 2008, Laura Griggs and her husband did just that: they moved to a small farm in rural Missouri and raised their family there for nearly a decade. Reema talks with Laura about the real cost of homesteading, and why she ultimately had to leave it behind.

And later in the episode, we’ve got another edition of Alice Gets Her Life Together, where producer Alice Wilder shuts down a high-interest credit card and learns why it’s so easy to get into debt.

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The attorneys general of California, Colorado, Kentucky, and New Jersey are suing Meta for $1.4 trillion, claiming the social media giant designed Facebook and Instagram to addict young users.

The case is heading to court in Oakland, California, next month. It follows a landmark verdict earlier this year: A Los Angeles jury found Meta and YouTube liable for mental health harms to a young woman who said she'd become addicted to the platforms starting at nine years old.

And there are a slew of similar cases coming down the pike. To help break this down we're joined by Gaia Bernstein, law professor at Seton Hall Univerisity and author of the book "Unwired: Gaining Control over Addictive Technologies."