Marketplace All-in-One

Retail sales were up 0.9% in May, which is a generally positive economic sign. But it doesn’t square with our reality, in which price inflation outpaces wage growth. That is, until you look at that pesky personal savings rate. In this episode, YOLO consumers in a grim economy. Plus: Fed Chair Warsh holds rates steady, the rate of new households is falling, and what would happen if the U.S. lost its global reserve currency status.

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.

What does the American Dream look like to you? Getting ahead? What about homeownership, raising a family, or financial security? This morning, we'll feature a discussion about generational differences in what success looks like and how the affordability crisis is forcing Americans to reevaluate what they're willing to sacrifice to get there. Also on the show: how retail sales data may factor into interest rate decisions and why Yum Brands is offloading Pizza Hut.

A recent report from the Social Security Board of Trustees finds that the fund that helps pay for retirement benefits will run out of money earlier than previously projected. This morning, we'll unpack when people's benefits will actually be hit, the Congressional inaction behind this bleak picture, and how immigration policy plays into all. But first, if the Straight of Hormuz reopens, there could be a glut of oil next year.

Last week, the Trump Administration ordered Anthropic to cut off access to its most advanced AI models — Mythos 5 and the pared-down public version, Fable 5 — from foreign nationals due to reported security weaknesses in Fable's safeguards.

In response, Anthropic shut them down for everyone including the handful of companies that had been granted access to Mythos.

One of those companies is Mozilla, which said Mythos identified about 270 bugs in its Firefox browser that had slipped through previous reviews.

Marketplace’s Meghan McCarty Carino spoke with Mozilla chief technology officer Raffi Krikorian about the government essentially hitting a kill switch on the system.

More on this

What to know about the Anthropic models takedown - from The Hill

Mythos and Fable can make us all safer. Shutting them down is reckless - from the Transformer Substack

Federal spending on Y2K reaches $8.38 billion - from CNET

We can't avoid catastrophic warming without also capturing and storing carbon dioxide — both the carbon we've already emitted and the carbon we continue to emit through industries that are tough to decarbonize, like steel, petrochemicals, and cement.

Europe is a leader in Carbon Capture and Storage (CCS), with a goal of storing at least 50 million tons of captured CO2 a year by the end of this decade.

So this episode, we team up with Germany-based reporter Sam Baker from the DW podcast “Living Planet.” We follow carbon dioxide from its source at a cement plant, all the way to its final resting place under the North Sea. And we look beyond the hype to see if Carbon Capture and Storage could be a real climate solution. Or just another way for the fossil fuel industry to keep on drilling.