Marketplace All-in-One

China, the world's second-largest economy, sent several cargo ships through an Arctic route over the weekend, along waters hugging Russia's northern coast. The two countries are trying out a path that could become a new shipping lane from China's East Coast to the largest port in the U.K. — one that could avoid U.S.-controlled choke points for trade. But first, big retailers will report quarterly earnings this week. What could they tell us about the U.S. economy?

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Stories featured in this episode:

Could an Arctic shipping route transform global trade?

Get used to paying higher gas prices — they’re the cost of curbing Iran's nuclear ambitions. That was the message from President Donald Trump at a rally on Friday. Today, the temporary ceasefire agreement between the U.S. and Iran expires, and ship traffic through the Strait of Hormuz is now essentially halted. We'll have the latest. Plus, the $46 billion tribal gambling industry lacks a leader, and that could hamper business growth and investment.

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:

What happens when a $46 billion industry doesn't have a leader?

Suno, an AI music company, wants to partner with independent artists by launching an incubator program called Suno Spark. This program will provide grants, marketing support and, of course, Suno AI tools to unsigned musicians.

Tatiana Cirisano, vice president of music strategy at MIDiA Research, which consults in entertainment, discusses more on this.

In the Commerce Department’s retail sales report for July, sales at stores of all kinds were down 0.6%, when a modest increase in sales had been expected. Though some discretionary purchases are up, consumers are certainly tightening their belts. Also in this episode, we look at the decline of Etsy, how businesses near the Canadian border are dealing with fewer visitors, and the staying power of Candy Crush.

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 in today’s episode:

Inflation dipped slightly in July, but remains above Fed's target
Retail sales dropped sharply in July as consumers tighten spending
The AI slop-ification of Etsy
Fewer Canadian shoppers leave border businesses struggling
The incredible staying power of Candy Crush Saga

Forecasters predicted we’d see a slight increase in retail sales in July, but instead, Census Bureau data released this morning revealed a significant drop. As high energy prices persist and tax refunds run out, it appears that consumers have begun to pull back. Should we be worried? Plus: 200 Nebraskans have lost Medicaid coverage in the first wave of terminations under the government’s new “work requirements.” Many more Americans may soon follow.

Stories featured in today’s episode:

Roughly 200 people in Nebraska lost Medicaid on Aug. 1

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.