Marketplace Morning Report

This morning, as part of our "What's that Like?" series, where we get firsthand accounts from people working unusual jobs, we hear from animal talent agent Dawn Wolfe. She's the owner of the agency Pawsitively Famous and has worked with dogs, cats, reptiles, and even tarantulas. But first, a week after a memorandum of understanding between the U.S. and Iran, are ships able to transit the Strait of Hormuz?

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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.

Core inflation rose to 3.4% in May, according to this morning's PCE report out from the Bureau of Economic Analysis. That's the highest since October 2023. Part of the rise is driven by service sector inflation, which should be more immune to shocks from tariffs and energy costs. We dig in. And later, now that Spirit Airlines has shut down, its bankruptcy estate is auctioning off its access to New York’s LaGuardia Airport.

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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:

Spirit to auction $80 million in takeoff and landing slots at LGA

According to the ACLU, state lawmakers have introduced more than 500 bills targeting LGBTQ people in the 2026 legislative session. Those policies have economic consequences. Today, we explore what's at stake for states with anti-LGBTQ laws and how companies are navigating a climate unfriendly to DEI policies. But first, the dollar's recent strength is not about investors fleeing to safety, and hotter-than-hoped-for inflation means a higher chance of an interest rate hike.

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 from this episode:

Investors love the U.S. dollar right now — just not for the traditional crisis reasons
How anti-LGBTQ policies can affect business

AI’s burgeoning influence on the field of healthcare is raising concern among nurses about the future of their profession. New AI tools are being developed to perform tasks ranging from notetaking to proposing diagnoses, but recent research found that those tools can make severely harmful errors. Now, unions representing nurses are fighting to keep their professional judgment front and center. But first, we spoke with Susan Schmidt at Exchange Capital Resources about how Micron Technology’s focus on memory has made it a central player in the tech stock scene.

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.

New limits on federal student loans for graduate programs, going into effect on July 1, will cap the amount students can borrow at $100,000. For professional programs, like medical school and law school, the cap is doubled. But that category doesn’t include physician assistant and nursing programs, and advocates say that could deter enrollment. Plus, a look into why mission-driven fashion brands are toning down their sustainability efforts.

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:

New federal student loan limits threaten the supply of physician assistants, advocates say
What happened to mission-driven fashion brands?