Marketplace

OpenAI announced it will invest big time in chipmaker AMD, potentially in exchange for a stake in the firm. As AI investment has ramped up, similar deals have become common. Do these partnerships signal a strengthening sector? Or are they a symptom of an AI bubble headed toward a burst? Also in this episode: Regional banks merge under Trump appointees’ relaxed regulatory rule, retailers are optimistic about the upcoming holiday shopping season, and Houston’s housing market experiences knock-on effects of deportation duress. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] 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 [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.

The gap between how high-income and low-income Americans are faring in this economy is growing. One example? Fast food restaurants are struggling while sit-down joints that cater to wealthier customers are A-OK. Also in this episode: “Every Screen on the Planet” author Emily Baker-White talks geopolitics behind the U.S.-China TikTok deal and a Wyoming solar panel company preps for the end of federal subsidies for residential installation. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] 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 [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.

The U.S. is on track for the largest number of announced layoffs since 2020. Yay us! (Kidding.) We can thank a combination of federal cuts and their ripple effects, an uncertain trade environment, and AI experimentation. After that, Jenny Han of “The Summer I Turned Pretty” tells Kai about her career journey from nanny and school librarian to novelist and Amazon Prime showrunner. Plus: recession indicators, a federally-backed lithium mine and industrial outdoor storage. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] 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 [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.

The government shutdown means crucial jobs data will likely be postponed, right as the Fed weighs its next move. Chicago Fed President Austan Goolsbee, a self-described “data dog,” tells us how central bank officials plan to pivot. He also discusses Fed independence, transitory inflation, and rate cut pacing. After that: fiscal calendars vary by sector, synthetic dye removal will ripple through the food chain, and ADP reports more sour employment data. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] 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 [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.

While the stock market appears unconcerned about potential red flags in this economy, the bond market's a bit more cautious. As Washington nears a shutdown and the labor market flags, Treasury yields are ticking down. But demand for those safer, long-term bonds hasn’t been uniform. Plus: Trump adds to existing tariffs on Canadian lumber, OpenAI wades into e-commerce waters, and Abha Bhattarai at the Washington Post talks about the “stuck economy.” Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] 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 [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.