Gross domestic product grew by 1.6% in the first quarter, slower than expected after the six-quarter steak of 2% growth or more. How will the Federal Reserve respond to this data when making its next interest rate decision? Also in this episode: The new deep-water channel helping cargo ships leave the Port of Baltimore, protecting trade secrets with noncompete agreements, and the struggling pneumatic tube business gets a boost from the cannabis industry.

GDP grows more slowly than expected

Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.

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The U.S. spends about half of its $6 trillion budget on three government entitlements: Social Security, Medicaid and Medicare. When it comes to the national debt, cutting these benefits is often part of the cost-cutting conversation. In this episode, we hear how these entitlements grew to be so costly and why reducing them has been so difficult historically. Plus, the layoff that allowed one woman to focus on her small business, and the economic impact of university divestment.

Why government benefits are likely to stick around

Phoenix is on track to become a national hub for semiconductor production. The city has had lots of help: billions in funding from the Biden administration and buy-in from major chipmakers like TSMC and Intel. One thing they still need, though, is workers — 70,000 nationwide. Training programs are already preparing folks for entry-level chip technician positions. But where are all those promised jobs?

Breaking Ground: Where are all the jobs?

In the latest installment from their trip to Phoenix, “Marketplace” host Kai Ryssdal and Washington Post columnist Heather Long visit Native Resources — a plant relocation, nursery and landscape company — that sits at the intersection of conservation and development amid a semiconductor boom. Plus, takeaways from the Federal Reserve’s policy-setting meeting, a check-in with business owners about wages and an update on a Mississippi barge business.

Breaking Ground: The plants were there first

Phoenix has been in the semiconductor business for a while now, but the Biden administration is taking it to another level by sending a major infusion of cash to tech companies in the desert city to expand chip-making capabilities. In this episode, “Marketplace” host Kai Ryssdal visits Phoenix with Washington Post columnist Heather Long. They dig into the challenges of rebuilding the country’s semiconductor industry.

Breaking Ground: A visit to the “Silicon Desert”

Warehouses and cargo-moving companies spent a few weeks in limbo after the Baltimore bridge collapse. Now, they’re working hard to reroute goods that usually went through the city’s port, with some truckers driving far and wide to pick up freight redirected to other cities. In this episode, how one cargo transportation company is adjusting. Plus, who will hurt the most from a cap on credit card fees, what economic data the Fed is keeping an eye on this week, and why desk phones are disappearing.

GDP grows more slowly than expected

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