The federal government will no longer track the cost of the most expensive disasters in the country. The National Oceanic and Atmospheric Administration will stop adding dollar damage tallies to its database of events that cause over $1 billion in damage. The move comes as billion-dollar disasters have become more frequent. Plus, as college-bound students look to decide where to go, we'll hear how colleges come up with the price of admission.
--------
7:09
Unpacking the details of the US-UK trade deal
From the BBC World Service: Yesterday, U.S. President Donald Trump unveiled an agreement that will reduce import taxes on some British cars and metals and open up the British market to some U.S. beef. Plus, China says its exports to the States fell by 21% in April compared to the previous year. And, the owner of Zara wants the EU to close a tax loophole that favors exporters of cheap goods into Europe.
--------
6:53
Investor interests versus patient interests
UnitedHealthcare is facing a lawsuit claiming it defrauded shareholders — by denying fewer claims but not warning ahead of time that its profits would decline. The nation’s largest health insurer has been under heightened scrutiny following the killing of its then-CEO in New York late last year. And later: President Donald Trump is expected to announce a trade deal with Britain, and consumer advocate Ralph Nader reflects on the drawbacks of going cashless.
--------
6:52
A muffin recipe that includes chocolate, blueberries and tariffs
The "Marketplace Morning Report" team is cooking this morning. First, we hear from the CEO and founder of Beyond Good, a company known for its artisanal Madagascar vanilla and chocolate, about how tariffs are stirring up business. We also discover how import duties are riling the U.S. blueberry industry, which has a close relationship with processors and packagers in Canada. But first: why home prices and sizes are going down in some metro areas.
--------
6:59
The UK is poised for the first tariff deal
From the BBC World Service: President Donald Trump is expected to announce a deal on tariffs with Britain later today. The agreement would be the first since sweeping tariffs were unveiled for dozens of America's trading partners. Plus, remember when a fire near London's Heathrow Airport threw worldwide air travel into chaos a few weeks back? Officials still don't know the cause. And, China is experiencing a shortage of qualified cosmetic surgery practitioners and clinics.
In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.
Canada - english