Retail sales fell unexpectedly in July

Forecasters predicted we’d see a slight increase in retail sales in July, but instead, Census Bureau data released this morning revealed a significant drop. As high energy prices persist and tax refunds run out, it appears that consumers have begun to pull back. Should we be worried? Plus: 200 Nebraskans have lost Medicaid coverage in the first wave of terminations under the government’s new “work requirements.” Many more Americans may soon follow. Stories featured in today’s episode: Roughly 200 people in Nebraska lost Medicaid on Aug. 1 Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.