Marketplace Morning Report

Consumers spending jumped a record 8.2% in May, but “we’re not even close” to back to normal. Airlines executives are going to the White House today to talk COVID-19 concerns. And, Ibiza’s clubs are shut down for the foreseeable future.

Half a million Americans have turned to Obamacare during COVID-19. So why does the Trump Administration want the Supreme Court to strike it down? Texas governor pauses reopening the state. And, people are ditching big weddings in favor of elopements.

From the BBC World Service: Almost 2,000 people are under quarantine in Germany after a coronavirus outbreak at a meat factory. Meanwhile, France’s coastal towns are relying on domestic visitors as EU countries discuss reopening borders.

One of the largest product-liability settlements ever is taking shape. Will the U.S. be able to sustain an improvement in reducing unemployment? The strength of the Nike brand in its support of Black Live Matters. How the pandemic is testing the foster care system.

As we reimagine an economy of the future, economist and “Angrynomics” author Mark Blyth shares ideas for a “citizens’ wealth fund.” And, with COVID-19 cases spiking, reopenings are being reconsidered, including at Disney theme parks.

From the BBC World Service: Billions are needed to boost the economy of Africa’s largest crude oil producer. Qantas cuts 20% of its workforce. Travel companies struggle as Saudi Arabia bans international pilgrims travelling for hajj.

Federal officials have agreed to release information about who got Paycheck Protection loans, but new research suggests those who got the most may have needed aid the least. Plus, a cautious mood among stock investors with COVID-19 spikes. And, the child care industry’s dire need for financial help.

Economists track what’s called the Baltic Dry Index as a snapshot of what’s coursing through the arteries of the global economy. That number, about ship cargo, is at a seven-month high. Plus, 13 more J.C. Penney stores will close for good. And, surveying millennials about transformational change.

From the BBC World Service: Some families facing financial hardship in Latin America are sending children to work. Germany imposes fresh regional lockdowns after a spike in COVID-19 cases. A spotlight on Spain’s migrant fruit pickers.

Confusion after White House trade adviser Peter Navarro seemed to say the U.S.-China “Phase 1” trade deal was “over.” Trump says it’s “fully intact.” How long will the grocery surge last? How COVID-19 is hitting densely populated Chelsea, Massachusetts.