Sabri Beneshour

Our base case is still continued expansion in the U.S.

economy, but more modest growth than we would have otherwise had.

Let's say you want to trade in your old car for a new one, but you have not paid the old one off yet.

And actually, the old one is worth less than what you still owe on it.

That is called being underwater or upside down.

And roughly a third of people trading in their old cars are underwater on their car loans.

That is according to J.D.

Power.

Marketplace's Kaylee Wells explains.

We went from everyone having 36-month loans at the beginning of the century to now, the average consumer is essentially in a 72-month loan.

But no matter what kind of loan consumers have or how long it gets, consumers still return to market pretty consistently around four years.

And in New York, I'm Sabree Beneshour with the Marketplace Morning Report.

From APM American Public Media.

There is a kind of backup plan for oil supplies.

It could soon be under threat as well.

From Marketplace, I'm Sabri Beneshour, in for David Brancaccio.

The Iran war continues to escalate.

Yemen's Houthis have entered the fight, launching attacks on Israel over the weekend.

That raises concerns they could again start disrupting oil and cargo moving through the Red Sea.

The Red Sea is Saudi Arabia's backup export channel for some limited amounts of oil and other cargo.