Marketplace Morning Report

President Donald Trump has tried to pressure foreign countries to invest in the U.S. by threatening tariffs. But for decades, the federal government has also been putting on the SelectUSA Investment Summit, a giant trade show where states and businesses try to attract foreign investors. We have a dispatch from this year's Investment Summit. Plus, some of Trump's latest tariffs have been deemed illegal. And: a better-than-expected jobs report and some slower-than-expected World Cup hotel bookings.

This morning, the Bureau of Labor Statistics released fresh jobs data for April. Unemployment remained unchanged at 4.3%, and the overall economy added 115,000 new jobs. A warmer-than-average April resulted in strong seasonal hiring, though it may be too early to see drags from war and high gas prices. Then later, we'll check in with the owner of a Virginia tea shop, who — like many small business owners — has been buffeted around by changing tariff policy.

Labor productivity has been on a growth streak for the past year and a half. It increased 0.8% in the first quarter of this year, according to the Bureau of Labor Statistics, and is up almost 3% from a year ago. How much of this boils down to AI? Also on the show: threatened tariffs against the European Union and a conversation about U.S. dollars, the oil shock, and investment from Gulf countries.

If you ask people what they’re most worried about affording these days, healthcare tops the list (now tied with gas). And that concern may translate to a wave of resentment at the ballot box: About 90% of people say healthcare costs will influence whether and how they vote in November, and more than half say it will have a major impact. Then, the United Arab Emirates wants a currency swap with the United States. We explain.

The U.S. and Iran are reportedly back to working on an end to the war, and sources say a deal is close. Axios reports that the deal would involve a moratorium on nuclear enrichment and an end to sanctions. This morning, we dig into how seriously markets are taking these peace talks. Then, we continue our discussion of Iran's beleaguered economy — and who exactly they blame for it.