Marketplace All-in-One

President Trump’s nominee to head the Federal Reserve, former Fed governor Kevin Warsh, will testify on Tuesday for his nomination hearing. Warsh is expected to toe the line between maintaining Fed independence and heeding calls from elected officials. Also on the program: war in the Middle East has energy companies looking for ways to diversify their oil supply. Plus, a look into how “social capital” helped to rebuild morale, and economic growth, in Minneapolis following Operation Metro Surge.

Why is gas one price today and a different price tomorrow? That’s what listener Elijah in Ohio wants to know, and Ryan and Bridget are determined to find out. Their search for answers unexpectedly turns into a much bigger adventure when Ryan’s car suddenly comes to life and takes them on a wild road trip. Turns out, gas prices are not only decided by supply and demand like most things. They’re shaped by everything from local competition at gas stations to refinery costs, extreme weather, and global events that are happening thousands of miles away.

The Wayback Machine is a project of the Internet Archive. It sends out web crawlers to take snapshots of the internet, creating a digital library of web pages. But now, some news publications are blocking its crawlers over concerns that AI companies will access the Wayback Machine’s publicly available archive and then train their AI models with the content.

Marketplace’s Stephanie Hughes talked about this with Andrew Deck at Harvard's Nieman Lab.

Rising gas prices, stemming from President Trump’s war against Iran, have frustrated drivers all spring. But diesel prices are up too, and diesel is the real engine of our economy. In this episode, small business owners face higher costs and uncertainty as diesel prices climb. Plus: Consumer sentiment reaches record lows even as spending remains stable, economists and farmers explain why tomato prices rose 15% in a month, and bond traders expect the Fed to hold rates steady all year.

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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.