Lawmakers have until the end of the month to agree on legislation to fund federal agencies for the coming year. If they can’t do that, the government closes its doors. Just how likely is a shutdown? We'll discuss. Also on the program: Hollywood was hopeful coming into this summer that the sequels and blockbusters would draw people back to the theaters in droves. That hasn't happened.
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Mortgage rates already have a Fed rate cut baked in
Later today, we’ll get a sense of where mortgage interest rates are right now from the Mortgage Bankers Association. And we’ll learn whether Federal Reserve policymakers cut interest rates and by how much. Thing is, the Fed's rate-cut decision might not reduce mortgage rates, because they’ve already come down in anticipation. Plus, Microsoft invests billions in the U.K.'s AI industry. And later, we'll hear why U.S. per capita emissions fell 30% in the last two decades.
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Microsoft invests billions in the U.K.
From the BBC World Service: Microsoft has announced a $30 billion investment in the U.K.'s artificial intelligence sector, its largest outside of the U.S. The announcement was timed to coincide with President Donald Trump's second state visit to Britain. Plus, Taliban officials have banned internet via cable in three Afghan provinces. And, a South Korean worker who was detained during an immigration raid at a car battery factory says the experience was traumatizing.
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What does ownership mean in the digital age?
There’s a new class action lawsuit against Amazon Prime Video that’s once again elevating the question of ownership in the digital age: Who actually owns a movie, a song, a video game?Buy a physical copy, like a CD or DVD, and the answer is obvious. But buy a digital copy, and the answer gets very complicated. Marketplace’s Nova Safo spoke with Aaron Perzanowski, a law professor at the University of Michigan and author of the book “The End of Ownership: Personal Property in the Digital Economy,” to learn about the current state of digital ownership.
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The cost of GOP cuts to coal royalties
Wyoming made billions from coal mining over the last 50 years, funding the government, schools, roads, parks. But President Trump’s major spending bill, passed in July, gives mining companies a break on royalty fees — leaving state budgets lean. In this episode, easing coal fees comes at a price. Plus: Non-store retail spending saw double-digit year-over-year growth, small businesses suffer as they wait for tariff clarity, and stock investors basically ignore all the bad economic headlines.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.
Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media.
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