Marketplace Morning Report

The Bureau of Labor Statistics released the consumer price index for May this morning, with some bad news for consumers. Headline inflation soared over 4% for the first time in three years, driven in part by higher energy prices caused by the war in the Middle East. The question remains of how much higher oil prices will continue to seep into other areas of the economy. Also on today’s show is a look at how index fund providers could react to SpaceX’s upcoming IPO.

This week, “Marketplace Morning Report” host Kimberly Adams has been in Thomasville, Alabama as part of our series examining the economic challenges facing rural health care. This morning, we’ll look at how low wages in Alabama can mean low Medicare reimbursement rates — shaping how much doctors and nurses get paid, and how much money hospitals and clinics can make. But first, we’ll cover how solar power use in the U.S. is hitting new milestones amid energy price fluctuations.

We heard earlier about the closure of a hospital in Thomasville, Alabama, as part of our series chronicling the economic crisis that rural hospitals are facing. Now, “Marketplace Morning Report” host Kimberly Adams speaks with the director of Thomasville’s public library about the critical role the hospital played during a personal emergency and where community members turn now that it’s closed. But first, we’ll check on how small businesses feel about inflation and find out how SpaceX’s initial public offering could affect the rest of the market.

Yesterday, as part of our series examining the economic challenges facing rural health care, "Marketplace Morning Report" host Kimberly Adams visited Thomasville, a town of 3,500 people in southwestern Alabama. Today, we'll learn from town residents what happens to a community — and its local economy — when addressing certain healthcare needs also means a multi-hour drive. But first, what would a government-controlled sovereign wealth fund that invests in AI look like?

Oil prices are still heading up this morning, but a bit more slowly after tensions in the Middle East appear to be easing. Earlier today, Israel and Iran attacked each other for the first time since the ceasefire in April. What’s behind these rising oil prices, and why are traders bidding up crude? Also in the show: a preview of May inflation data and encouragement to work from home in World Cup host cities.