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Plus: How product recalls work. 
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Winter in the Midwest is already off to a frigid, snow-filled star but the Great Lakes are still attracting surfers even in the dead of winter. We’ll hear from one in today’s newsletter, but first we’ll get a crash course on product recalls, and some tips for navigating last-minute shopping stress.

A programming note before we get started: This is our last regular newsletter of the year! But don’t worry, Marketplace will be on your radio and podcast apps all through the holidays, and this newsletter will be revisiting some favorites from our “I’ve Always Wondered” series over the next couple weeks.

Thanks so much for reading the Marketplace Daily Wrap this year. If this newsletter helped you make sense of the day’s news, consider making a tax-deductible donation to keep us going strong in 2026. — Tony Wagner and Virginia K. Smith, newsletter editors

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How product recalls work
The process often starts with companies and consultants, but it involves federal, state, and local regulators too. Marketplace’s Carla Javier explains.

Every week in the U.S., companies and regulators announce recalls of around 60 products, according to the claims company Sedgwick. That includes medical devices, pharmaceuticals, consumer products, foods and beverages, and automotive recalls.

But sometimes, products remain accessible to consumers, even after they have been recalled. 

Earlier this year, for instance, the baby formula company ByHeart recalled its product after reports that it may have been connected to a multistate outbreak of infant botulism.

And yet, in the weeks after the recall, regulators still found the formula for sale at more than 175 locations, according to the Food and Drug Administration, which has since sent retailers warning letters. 

Such recall effectiveness checks are a standard part of the recall process, explained Jennifer McEntire, founder of the consulting firm Food Safety Strategy.

Let’s start at the beginning.

When a food company identifies a problem that might require a recall and enlists her help, “it is a drop everything, very urgent situation,” McEntire said.

She starts by digging through documents, checking with regulators, and visiting the places where the product is made.

“Looking at things, talking to people, trying to understand when we think this event occurred, what was happening that doesn’t usually happen,” McEntire explained.

While government agencies can, and sometimes do, mandate recalls, McEntire said usually it’s the companies themselves that ultimately make the decision to recall their own products.

“Although the term ‘voluntary recall’ is used, a better term would be ‘firm initiated,’” she said. 

McEntire said the word “voluntary” can mislead customers. 

“It can send the message to consumers that, ‘well, if a company is voluntarily recalling this product, then I can choose to follow the directions or not,’” she explained. “And that is not the case.”

READ MORE


 
News you should know

Let’s do the numbers

  • Stocks hit new highs today after reports of unexpectedly strong economic growth in the third quarter, with the S&P 500 up 0.5%, the Dow up 0.2%, and the Nasdaq Composite up 0.6%.
  • About that economic growth: long-delayed data showed consumer spending drove a 4.3% annual GDP increase in the third quarter, the strongest growth rate since the third quarter of 2023.

Holiday shopping stress

  • Consumers may be powering the economy, but a new poll shows they still feel pessimistic about where things are headed.
  • A new poll shows two-thirds of Americans are paying more for holiday gifts. That’s thanks in part to tariffs, but the impact depends on what you’re shopping for.
  • Shoppers told the Washington Post high prices have them wrapping up household essentials to put under the tree this year (gift link).
  • To save money in the holiday season, experts say to comparison shop, buy in bulk and be wary of “buy now, pay later.” Oh, and don’t forget the magic word: “No.”
  • And yet, in spite of it all, fresh data from Visa and MasterCard indicates holiday spending is up this year. Whether shoppers will be able to pay off those balances in the new year is another matter. 
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LET'S GO
QUOTE OF THE DAY
"It doesn’t feel too bad when you first run in, but then when it hits your chest it kinda takes your breath away. And then when it hits your face it just hurts."
—  Elias Brush, a recent college grad who surfs Lake Superior in the winter

Yep, surfers hit the Great Lakes all winter, squeezing into thick wetsuits and wearing icicles on their faces like badges of honor. It’s a small but growing community, Michigan Public reports, one with potential to juice the economy of coastal communities year-round. 

A tote bag reading

We've come a long way together, but there’s still much work to be done. In 2026, Marketplace is preparing to meet the moment and shape the conversation. Will you join us?
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Plastic christmas trees for sale in a store
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Final note
What’s greener: A real Christmas tree or a fake one?

With most growers saying they won’t raise prices on Christmas trees this year, and artificial trees sensitive to tariffs, we thought it would be a good time to revisit this piece we reported a few years ago.

A listener wanted to know: Is it more sustainable to cut down a fresh fir every year, or buy a reusable chunk of plastic and wire produced overseas? As with so many things, the answer is “buy less.” Most experts say reusing your artificial tree more than five years will offset the environmental impact relative to a live tree.
 
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