The Indicator from Planet Money

It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.  On today’s episode: Job retraining boosts mental health (with more mixed results for romance); the complex picture behind why dinner reservations are down in DC; and the trading platform Robinhood gets into the sports definitely-not-betting game. Related episodes:  The cautionary tale of...

Two freight-rail giants could make history if their $85 billion merger gets approved. Union Pacific’s proposed marriage with Norfolk Southern would create the first coast-to-coast rail network. So why hasn’t it happened before now? Today on the show, the business of train mergers.   Related episodes:  How Yellow wound up in the red   For sponsor-free episodes of The Indicator from Planet Money, su...

There’s been an era-defining race underway between two types of batteries used in electric vehicles: lithium batteries that use cobalt, and ones that use iron phosphate. Cobalt, a metal with a checkered human rights record, has been in the lead. Until recently.  Henry Sanderson’s book on the elements that build electric vehicles is Volt Rush: The Winners and Losers in the Race to Go Green . Relate...

Social media has birthed an entire lexicon replicated by millions online — even if these words don’t actually mean skibidi. On today’s show, we talk to author Adam Aleksic about how TikTok and Instagram's engagement metrics, and viral memes, are rewiring our brains and transforming language at warp speed. Adam Aleksic’s book is Algospeak: How Social Media is Transforming the Future of Language   R...

Innovation is crucial for long-term economic prosperity. One area where that’s happening aplenty: medical technology. From a cancer vaccine to an Alzheimer’s blood test to a life-changing exoskeleton, we take you on a tour of the economics of health technology.  Related episodes:  The hidden costs of healthcare churn  ( Apple / Spotify )  More for Palantir, less for mRNA, and a disaster database r...

It’s … Indicators of the Week! Our rapid run through the numbers you need to know.   On today’s episode: John Legend croons; CPI inflation soothes; Same job as mom? You’ll earn more, dude; Apple vs. Apple, a courtroom feud.  Related episodes:   Why every A-lister also has a side hustle  The DOJ's case against Apple  The Intergenerational Transmission of Employers and the Earnings of Young Workers...

Seemingly every celebrity has their own brand these days, whether it’s booze (Cameron Diaz, Matthew McConaughey) or cosmetics (Selena Gomez, Lady Gaga) or squeezy food pouches (Jennifer Garner). Today on the show, what is fueling the celebrity business bonanza? We hear from two legendary singers, Lisa Loeb AND John Legend, who are pursuing ventures outside of show business. Related episodes: The c...

Trump’s tax and spending law makes the largest cut in history to one of the nation’s biggest safety net programs. Today on the show, we explore how cuts to the Supplemental Nutrition Assistance Program, also known as SNAP, impacts families and grocery stores alike.  Based on the digital story: Independent grocery stores have had a tough five years. SNAP cuts will make it harder Related episodes: D...

Insulin needles. Sleeping bags. Nutella. These are items Arwa Damon’s charity —  International Network for Aid, Relief and Assistance  — has tried to send to Gaza and Israel has rejected. It’s a glimpse into the harsh reality of a humanitarian crisis with no end in sight. Today on the show, we talk to Damon about the economics of running a humanitarian nonprofit and what’s stopping more aid from r...

It's time for our annual beach reading recs. Today we bring you three books, with a little economic learning to boot. Our recs: Who is Government? The Untold Story of Public Service by Michael Lewis El Dorado Drive by Megan Abbott Algospeak: How Social Media is Transforming the Future of Language by Adam Aleksic Related episodes: Beach reading with a side of economics How to beach on a budget How...

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today's episode: Palantir crosses a billion dollars in quarterly revenue (what do they actually do again?); mRNA vaccine research gets a big cut in RFK Jr's health department; and a climate disaster database gets a new lease on life. Related episodes: How Palantir, the secretive tech...

President Trump's new round of tariffs took effect today. It will bring in billions of dollars to the government, in part paid for by U.S. importers who can decide whether to pass that cost onto American families. But are these tariffs legal? Today on the show, the arguments for and against the president's tariffs and what happens to that tariff revenue if Trump loses. Related episodes: Trump's ta...

Why do revisions to the jobs report happen? Today on the show, we speak with a former Commissioner of the Bureau of Labor Statistics about why revisions occur and how we should interpret the monthly report's actual message. Related episodes: Can we still trust the monthly jobs report? (Update) What really goes on at the Bureau of Labor Statistics (Update) ​​How you're using AI at work For sponsor-...

Since his return to office, President Trump has waged something of a pressure campaign on economic data and the people in charge of delivering it. His firing of the Bureau of Labor Statistics commissioner following a weak jobs report now has some wondering: can we still trust the official numbers? Today on the show, we're resharing our conversation with former BLS commissioner, Erica Groshen on he...

On Friday, we reported on the latest jobs numbers from the Bureau of Labor Statistics, which showed weaker than expected growth. On Friday afternoon, President Trump fired the person in charge of those numbers. The monthly jobs report is a critical tool for the economy, used by businesses to make decisions and the Federal Reserve to set rates. So how exactly are those figures collected? Today, we'...

AI is a hot topic for both employers and employees in the workforce. That's why we wanted to hear from our listeners about how they are using AI at work. Today on the show, we explore the good, the bad and the ugly of AI in the workplace. Related episodes: Is AI overrated? Is AI underrated? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts...

The Fed is on the hook for an estimated one-and-a-half trillion dollars . Despite the recent headlines, that's not because of building renovations. It's a much larger cost blowout caused by big actions taken during the pandemic to help the economy: quantitative easing. Today on the show, we talk to both a critic of these actions and someone who helped put those those actions in play. See pcm.adswi...

Private equity is a risky business. There are high-highs and low-lows. A retirement plan, on the other hand, is meant to be a reliable beast. But President Trump believes your 401(k) can handle it! On today's show, the president's expected executive order could help offer some legal cover for fund managers who include private equity in your retirement portfolio. What are the risks and benefits? Re...

BRICS is an economic alliance of countries that includes Brazil, Russia, India, China, South Africa and several other nations. They met earlier this month to discuss everything from international law to global health. President Trump, however, is not a fan of BRICS and threatened members with increased tariffs. So why has this alliance generated so much animosity from the President? Today on the s...

Baby bond fever is catching on. In recent years, states like Connecticut have been experimenting with giving newborns government-seeded accounts that grow tax-free until they are 18. Now, President Trump's signature tax and spending bill will give a thousand dollars to every U.S.-born baby through 2028. On today's show, what are baby bonds and could they help tackle wealth inequality? Related: Bab...

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today's episode: Nigeria gets a GDP surprise, Magic the Gathering mutes tariff impact for Hasbro, and Bitcoin reaches record highs following the passage of the GENIUS Act. Related episodes: How stable is Stablecoin? ( Apple / Spotify ) Episode 609: The Curse Of The Black Lotus For sp...

It's the Beigie Awards, our eight times a year salute to the art and science of telling stories about the economy. The most recent Beige Book shows that Americans are finding ways to spend less money ... including on their vacations. On today's show, we find out what Benjamin Franklin and Jersey Beach goers have in common. Related episodes: How many times can you say uncertainty in one economic re...

The quintessential American economic myth is that the free market picks winners and losers. But the federal government has long had a role in this equation, from the current administration all the way back to the Great Depression. Today on the show, we uncover the history of the country's national investment bank, which shaped the relationship between the government and the market in ways that are...

Despite presidential saber rattling and huge tariff threats, the U.S. stock market keeps reaching record highs. Why? Today we sit down with the man who coined the acronym TACO (Trump Always Chickens Out) and chew through several hypotheses. (Over tacos, of course.) See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorsh...

Once upon a time, the states had a thriving tinned fish market. Like a lot of U.S. manufacturing though, that's been lost. But sardines are having a moment right now and that may help a growing effort to resurrect this lost industry. Related episodes: Why do shrimpers like tariffs ( Apple / Spotify ) When a staple becomes a luxury ( Apple / Spotify ) We're gonna need a bigger boat-building industr...