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 t...
Rocket — the company behind Rocket Mortgage — has struck a $9.5 billion deal to buy Mr. Cooper, a company that focuses mainly on collecting mortgage payments. That comes less than a month after Rocket bought online real estate brokerage Redfin. What’s behind the buying binge? Then, as part of our ongoing Tricks to the Trade series, we hear tips and reflections from flower purveyors at London’s New Covent Garden Market.
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8:56
A question of struggle and survival for many restaurants
Some restaurants are still digging out of the hole the COVID-19 pandemic put them in. Many took on debt to survive the pandemic when they had to shutter; others have debt from before. The costs of those loans are still weighing on many restaurants — especially smaller establishments. We dig in. Also on this morning’s show: the war on ticket scalping, Vietnam’s slashed import duties and a delay in a Panama Canal port deal.
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7:30
Vietnam cuts its tariffs to keep the U.S. on its side
From the BBC World Service: As countries wait for confirmation of U.S. trade tariffs, Vietnam has cut import duties on a range of goods, including cars and some agricultural products. Washington’s trade deficit with Vietnam is the third highest of any country, but Vietnam is reliant on manufactured exports. Plus, a trip to the U.K.’s largest flower market and the unsigned U.S.-Ukraine minerals deal.
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9:00
More tariffs, more economic anxiety
On Wednesday, President Donald Trump is expected to announce a tsunami of new tariffs that will apply to all countries. Markets are down sharply here and abroad today in response. We’ve known that these reciprocal tariffs are coming for a while, so why the sharp market reaction now? Also on the program: a bitcoin mining operation in Zambia and a trial involving Norfolk Southern over the 2023 train derailment in East Palestine, Ohio.
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What U.S. tariffs could mean for the U.S. economy
This morning, global markets are cratering after President Donald Trump said that new tariffs set to be announced this week will impact essentially all countries. Meanwhile, a key inflation gauge came in hotter than expected on Friday, and consumers have become increasingly cautious about spending. All of this has investors worried. Plus, the host of Marketplace’s “Financially Inclined” podcast joins the show to discuss what you need to know before starting your own business.
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.
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