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Marketplace Morning Report

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Mar 3, 2025

“An incomplete picture of the economy”

Commerce Secretary Howard Lutnick says he wants to take government spending out of GDP measurements. We’ll unpack the implications.

Howard Lutnick, U.S. Commerce Secretary, with President Donald Trump.
Howard Lutnick, U.S. Commerce Secretary, with President Donald Trump.
Anna Moneymaker/Getty Images

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Segments From This Episode

  • How the government could mess with GDP

    by Sabri Ben-Achour

    Government spending is quite literally a part of the definition of GDP in every economics textbook. But now Commerce Secretary Howard Lutnick says he wants to take government spending out of that figure. Let’s discuss with Julia Coronado, founder of MacroPolicy Perspectives.

  • How tariffs could punish the auto industry

    by Henry Epp

    Tomorrow, President Donald Trump has said that 25% import taxes will go into effect on goods from Canada and Mexico — though that could change. That could particularly hurt automakers, whose supply chains run across North America.

  • "Kidults" keep the toy market afloat

    by Sam Gruet

    When so many people were stuck inside during the pandemic, toy sales surged. New data from market research firm Circana shows this trend has continued and that it’s increasingly adults — not just children — buying up things like collectibles, trading cards and board games.

The Team