Marketplace All-in-One

Markets were hopeful on Friday after Iran announced that the Strait of Hormuz would be reopened to commercial vessels. Now, escalating tensions are bringing expectations back down. Marketplace’s Nova Safo spoke with Julia Coronado, founder and president of MacroPolicy Perspectives and a professor at the University of Texas at Austin, about how global economists at the National Association for Business Economics International Symposium in Rome, Italy, are grappling with the back and forth. Plus, later in the program: underemployment among recent college graduates and how we measure it.

The Strait of Hormuz has remained largely closed, with only three sanctioned tankers making it through the waterway according to Reuters. When asked about a potential timeline for lower gas prices on CNN, Energy Secretary Chris Wright said prices below $3 “might not happen until next year.” Also on the program, we discuss a New York State law limiting employers’ use of credit history and Germany’s plan to build military enlistment.

California became the first state to regulate embodied carbon in its building code. That’s changing the construction industry even beyond the state border.

More than a third of planet-warming emissions come from buildings and construction. Marketplace’s The rest of it is what’s called embodied carbon. That’s the emissions that it took to make the steel, concrete, glass and insulation, and put them all together. Caleigh Wells looked into what California’s new regulations could mean for builders in this episode of Marketplace Tech, hosted by Stephanie Hughes.

QVC, which pioneered live TV shopping shows, filed for Chapter 11 bankruptcy this week. Leadership made the next step clear: a pivot away from television and toward something akin to social commerce, like livestreamed sales on TikTok Shop. But can the legacy brand compete with new, social media-driven shopping platforms? And after that, we wrap up Kai and Nela’s trip to Vietnam with visits to an AI startup and a neighborhood of expats.

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Recently, Seattle’s tech workforce has been hit by wave after wave of layoffs. Some company execs say it’s AI’s fault. KUOW’s Monica Nickelsburg joins Kimberly on today’s show to share what she’s hearing from tech workers. And, we’ll get into another side of the AI boom: the push to build more data centers and the pushback from locals. Plus, a round of Seattle trivia!

Here’s everything we talked about today:

"Booming" from KUOW
Why Seattle tech companies are still laying off workers from The Seattle Times
"From coder to shuttle driver: Where Seattle's laid off tech workforce is now" from KUOW
"A small town in Central Washington is Microsoft's answer to the data center backlash" from KUOW
"What produce prompted the creation of the Market?" from the Pike Place Market Foundation
"Seattle doesn't have many unicorns. Does it matter?" From GeekWire
"Scents from a Mall: The Sticky, Untold Story of Cinnabon" from Seattle Met
"Seattle area expected to generate $845 million from FIFA World Cup" from Fox 13 Seattle

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