Marketplace All-in-One

This morning, we continue our conversation with Yvette Fernandez, a reporter for the Mountain West News Bureau and Nevada Public Radio, about some of the biggest economic news stories coming out of the state. In this episode, we hear how tariffs and immigration enforcement are hampering Las Vegas' tourism rebound and how Nevada is trying to establish guardrails for AI data centers. But first, what's behind this latest surge in bond yields?

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:

From immigration crackdowns to data centers, Nevada's big economic stories

The average rate on a traditional 30-year fixed mortgage just rose above 7.1% — the highest it’s been in more than two years. That’s pushing more people toward adjustable-rate mortgages, where the rate changes typically after five, seven, or 10 years. But these mortgages can be a riskier bet. We hear more. Then, we learn how changes to immigration policy are impacting hospitality workers and the Latin entertainment industry in Las Vegas.

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:

More people are turning to adjustable-rate mortgages
From immigration crackdowns to data centers, Nevada's big economic stories

Before Ali Hazelwood’s “The Love Hypothesis” was a bestselling novel or movie, it was “Star Wars” fan fiction. And Hazelwood isn’t the only one making the leap from fan fiction to traditional publishing. Fan fiction has historically been a labor of love, and not all fans are happy about the shift to monetization, and what that means for the fandom community. Reema is joined by journalist Elizabeth Minkel and cultural commentator Josh Lora to unpack how money is changing fan fiction.

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AI is the big item on the agenda this week as Chinese President Xi Jinping meets with President Trump in Washington, D.C.

The talks come after a firestorm of news that has brought AI safety front and center: the hack of Hugging Face by rogue OpenAI agents, the resignation of an Anthropic researcher, plus calls by AI leaders to pace the frontier always met with the rejoinder, “what about China?”

Samm Sacks, senior fellow at the think tank New America, tells us more about China's approach to these AI talks.

More on this:

“US and China Hail Talks as Positive Ahead of Trump-Xi Summit” from Bloomberg

“US proposes AI incident alert system in talks with China, Bessent says” from Associated Press

Bad news first: Mortgage rates are topping 7% and, fittingly, mortgage applications are down. On the bright side, home prices aren’t completely frozen and listings are actually up. Question is, in this stuck housing market, when will things budge? Also in this episode: A running resurgence parallels popularity peaks in the aughts and ‘80s, Nashville-style hot chicken sees international success, and writer Robin Wigglesworth argues the bond market built the modern world in his new book, “A Fabulous Debt.”

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.

Read the stories in today’s episode:

U.S. mortgage rates climb above 7% in another blow to housing market
Bonds are like the “hidden wiring connecting the global economy”
Why everyone is running all of a sudden
Like weddings, concerts are now destination affairs
The global appeal of Nashville hot chicken