The Indicator from Planet Money
A bite-sized show about big ideas. From the people who make Planet Money, The Indicator helps you make sense of what's happening in today's economy. It's a quick hit of insight into money, work, and business. Monday through Friday, in 10 minutes or less.
Episode library (117)
Chips up, rent down, and are people really skimping on holiday gifts?
It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: A big goshDRAM memory problem, a holiday spending mystery, and...
A little doomsday feeling is weighing on the economy
It is a special edition of the Beigies Awards where one regional Federal Reserve Bank will receive lifetime achievement recognition. Today on the show, we speak to its President about the value of...
How Japan’s new prime minister is jolting markets
Sanae Takaichi was sworn in as Japan’s first female prime minister a little over a month ago, and she’s already making waves in the East and West. The first priority for the people of Japan is if her...
What would it mean to actually refund the tariffs?
Tariffs are bringing in some serious cash into the US Treasury’s pocket. The problem with that money is that it may need to be refunded. A case in front of the Supreme Court could declare several of...
Why the US chose not to have a passenger train system like Europe
Why can't the US be like Europe, Japan or India—countries that all have extensive passenger train systems? On today's show, why the US chose not to. We learn why, despite this, US railroads could...
Moochers, monopolists and market-based poverty help
Public sector economics is a fundamental piece of the discipline. So we wanted to give our hosts an opportunity to put their knowledge to the test in a game we’re calling Indicator Quizbowl. Today on...
Who's financing Meta's massive AI data center?
In a rural pocket of northeastern Louisiana, Meta is building a $30 billion data center called Hyperion. But it’s not being completely financed with Meta’s own money. Today on the show, the opaque...
Who’s buying all the beef?
President Trump has said he’d try to get more Argentine beef into the U.S. So who would actually do the buying? That’s a general theme with a lot of these trade deals — big numbers but vague details....
Pay transparency. The WhatsApp and Instagram decision. Our beef with screwworms.
It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: the effects of pay transparency, Meta’s big win, and freaky flies and...
How to avoid scammers after a natural disaster
When people lose their homes to wildfire, hurricanes or flooding, they're eager to rebuild. But scammers are also ready to take advantage. On today’s show, the lucrative business of contractor fraud...
Looking for love in the auto supply chain
Foreign automakers already have huge assembly plants in the U.S., but lots of parts and materials come from overseas. To avoid costly tariffs, they gotta buy American. But … How does one meet those...
How to make switching jobs not terrifying
The U.S. labor market is stagnant right now, with little hiring and lots of people holding onto their jobs for dear life. In Denmark, there’s a different kind of labor system where it’s easy for...
The winner's curse
Ever put in the winning bid for something on an auction site only to realize you significantly overpaid? Yeah, there’s a phrase for that. On today’s show: the winner’s curse.Richard Thaler’s new book...
50-year mortgages, falling real wages, and doing your rideshare due diligence
It’s … Indicators of the Week! We look at some of the most fascinating economic numbers from the news and bring them to you.On today’s episode: The cost of living is outstripping wage growth for most...
Where the US got $20B to bail out Argentina
The U.S. is committed to bailing out Argentina to the tune of $20 billion using a little known mechanism called the Exchange Stabilization Fund. On today’s show, what is this fund, why was it created...
Trump's backup options for tariffs
The U.S. Supreme Court may soon rule on President Trump’s favorite tariff law. It could render them moot, but that doesn’t mean the end of tariffs. On today’s show, we explain the president’s back-up...
Who is the World Cup for anymore?
The World Cup is coming up, and it’s going to cost a pretty penny if you are hoping to attend. Today on the show, we talk to NPR Senior Business editor and World Cup superfan about why the 2026 World...
How the French pensions débâcle is a warning to us all
France has one of the most generous pension systems in the world. But several governments there have collapsed over questions about how the government will fund it. All over the world, aging...
Can air traffic controllers keep calm and carry on — without pay?
There’s one job that gets all the attention during a government shutdown: air traffic controllers. Today on the show, we spotlight why this job has taken on outsize political influence and one...
This indicator hasn’t flashed this red since the dot-com bubble
The “Shiller PE Ratio” is at its highest level since November of 1999. That was at the peak of the online gold rush right before the dot com bubble burst in 2000. Today on the show, we learn what the...
Who's propping up Russian oil?
Russia’s been subject to more than 5,000 sanctions since its invasion of Ukraine. Yet many purported allies of Ukraine are still getting Russian oil — directly or indirectly. On today’s show, how...
How Apple's market power blocked ICEBlock
Last month, the Trump administration asked Apple to remove an app from its App Store that crowdsourced sightings of Immigration and Customs Enforcement agents. Today on the show, we explain what an...
When AI is your job interviewer
Companies are starting to use AI to interview potential employees. Sound creepy? Well, a new study suggests it might not be all bad.. Today on the show, we look at why a job interview with AI might be...
A school cellphone ban study, white collar jobs wither, and spooky candy prices
It’s … Indicators of the…Eek! (Indicators of the Week.) Our regular look at some of the most fascinating economic numbers from the news. On today’s episode: How cell phone bans in schools affect...
Are China and India BFFs now?
China and India have a long, complicated history. Just a few years ago, there was a spate of armed skirmishes between the two nations. And yet, there are signs of warming relations amidst President...
Is Obamacare doomed without extended subsidies?
Health insurance subsidies are at the center of the current government shutdown. Democrats want to extend some expiring Affordable Care Act/Obamacare subsidies. Obamacare has weathered several...
How Marxism went from philosophy to cudgel
Republican politicians like to use the term ‘Marxist’ to criticize Democrats. Lately, they’ve dubbed New York City mayoral candidate a ‘Marxist’ despite him identifying himself as a democratic...
The new language of AI tech workers
It’s hard for young tech workers to find a job, even with the AI buildout bonanza. This has spawned a curious worldview that fears AI is coming for our jobs and a drive to be at the top of the AI food...
Amazon's outage, anxious retirees, and LA brings the Heat, too
It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: the Amazon global internet outage, Americans plan to siphon their...
Are concert tickets UNDER priced?
Ticketmaster's CEO says that concert tickets are underpriced. But from inflation to bots to unscrupulous resellers, the market for tickets feels out of control to many fans. Can anything be done?Today...
No AI data centers in my backyard!
In the rush to power AI, data centers are popping up in small communities across the U.S. But a growing backlash against this build-out is pitting communities against developers over energy prices and...
Should we ditch quarterly earnings reports?
Quarterly earnings reports are a long-standing requirement for public companies in the U.S. But the Trump administration wants to axe quarterly releases and just release them twice a year. And there...
Why are veterinarian bills getting so ruff on the wallet?
Since 2020, the cost of veterinary care has increased about 40%—almost twice the rate of inflation. As a result, many pet owners say they've skipped necessary vet care. So, what's going on here? A...
Government shutdown fallout, price floors, and AI slop against the machine
It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: Frozen and canceled federal dollars, America’s intensifying...
OpenAI's deals are looking a little frothy
There have been many headline-grabbing AI deals recently: Nvidia investing up to $100 billion in OpenAI. OpenAI promising to buy $300 billion worth of computing power from Oracle. Oracle buying tons...
Inside the growing industry to defend schools from mass shootings
From drones to body armor to bulletproof whiteboards, companies are offering schools a multitude of products to try to deter or protect against the next school shooting. But does any of this stuff...
Why do we live in unusually innovative times?
For most of human history, economic growth was, well, pretty bleak. But around the Enlightenment, things started clicking. This year's Nobel Memorial Prize in Economic Sciences went to a trio of...
Scam compounds, sewing patterns and stolen dimes
As Vice Week wraps up here at The Indicator, we wanted to take a slightly different perspective on the evolving business of crime and take a look at TRUE crime. As in the genre. Because look, people...
How AI might mess with financial markets
Market manipulation is an age-old issue. People trying to make money off unsuspecting investors by artificially influencing the price of a stock, say. But what happens when the one manipulating...
When cartels start to diversify
The Sinaloa Cartel made the bulk of its money on cocaine. But cartels are diversifying into new operations including things like wildlife trafficking. Think sharks, jaguars, capybaras. The result is...
What’s supercharging data breaches?
It may seem like data breaches have gotten a heck of a lot more common. Well, there’s something to that. The bad guys are getting badder faster than the good guys are getting better. This week, we’re...
Fighting AI with AI
With only several seconds of audio, someone can clone a victim’s voice, call their bank, and potentially get access to … everything. Vocal deepfakes have gotten very good, but so has the technology to...
Vice Series: The evolving business of crime
Crime doesn’t resemble the old days. A deepfake of your voice can be used to convince a relative you need money. AI bots are capable of colluding in financial markets. There are seemingly countless...
Why Americans don't want to move for jobs anymore
Americans are moving at record lows for work. What’s driving people to, well, not drive cross-country for jobs? On today’s Jobs Friday, we explore the rising homebody economy. Related episodes: Can …...
How close is the US to crony capitalism?
We have seen a blurring of boundaries between government and business under President Trump. It has some political commentators ringing the alarm bell over something called “crony capitalism" — a...
Why is everyone buying gold?
Gold is on fire right now with some gold ETFs outperforming the major stock indexes over the past 12 months. Gold is supposed to be boring, an inflation hedge. But right now, it's responding to...
We're about to lose a lot of foreign STEM workers
Earlier this month, President Donald Trump announced a $100,000 fee on new H-1B visa petitioners. Today on the show, we talk to an economist about how much H-1B visa holders have contributed to US...
What media consolidation means for free speech
Jimmy Kimmel’s brief departure from the airwaves triggered a wave of debate over free speech. Partly triggering his suspension was the government threatening to leverage its power over pending media...
Argentina's bailout, a new way to cool data centers, and a cold holiday hiring season
It’s Indicators of the Week! It is that show where we parse the most fascinating financial numbers in the news and bring them to you. On today's show: Argentina needs a bailout, Microsoft’s new way to...
No, your doctor isn't getting rich off of vaccines
Secretary of Health and Human Services Robert F. Kennedy Junior says doctors are pushing vaccines onto their patients in order to make profits. Healthcare in the US is a business … but does that mean...
Why are so many public schools closing?
Faced with declining enrollment, public school districts across the country are rethinking how many schools they can run. Fewer students often means less government funding, forcing schools to cut...
Should 'surveillance pricing' be banned?
When you walk into a store, you're probably used to seeing price tags on things, saying what they cost. But when you shop online, there is no price tag. There's just the price you see on screen. What...
Can LA host a 'car-free' Olympics?
Los Angeles is synonymous with car culture. But now that it's hosting the 2028 Olympics, could that be changing? On today's show, LA's public transit building bonanza, and why some worry the new...
The Fed cuts rates, America's FICO dips, and forever ends for sweepstakes winners
It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s show: A rate cut and drama at the Federal Reserve, the average American gets a...
Why "free" public education doesn't always include school supplies
Back-to-school supplies are getting more expensive … so why are parents and teachers at public schools expected to foot the bill? Today on the show: An economist explains how the cost of school...
The crypto market is hot. But is it an illusion?
There has been an inordinate amount of trading activity recently in the crypto markets. But what if much of that activity was an illusion? A smokescreen? A fraud? Today on the show, we look at the...
Why an aggressive rate cut could backfire on Trump
The Federal Reserve is expected to make a modest cut to interest rates this week of about a quarter or half a percentage point. President Trump, however, believes they should take a far more...
Why beef prices are so high
Beef is getting more expensive, and it doesn’t look as though that’s going to change any time soon. That’s the view of the Federal Reserve Bank of Dallas, which wrote in its Beige Book entry this...
ICE raids, cooling on capitalism, and a Murdoch settlement
It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: the concept of capitalism is cooling in American minds; the U.S....
We read your mail on AI-proof jobs and how to fix crime labs
We’ll never leave your messages unread. On today’s show, we open the inbox to hear from Indicator listeners about why seasoned software developers might have more AI-proof jobs, and an idea for how to...
Can shareholders influence Elon Musk's trillion dollar pay package?
Tesla’s board of directors recently proposed a pay package for CEO Elon Musk that could pay him about a trillion dollars if he meets certain goals. It’s not a done deal yet—Tesla shareholders will...
The cost of saving a species
Animals are going extinct at an alarmingly fast rate, largely due to human activity. Same for plants. This is bad for all kinds of reasons, not least of which is that breakthrough drugs often come...
Teamwork actually does make the dream work
Behavioral scientist Jon Levy’s new book — Team Intelligence: How Brilliant Leaders Unlock Collective Genius — argues that, in the workplace, leadership is overrated and teamwork is underrated. Today...
Why moms are leaving their paid jobs
Moms are quitting — or getting pushed out. Workforce participation for mothers in the U.S. has been dropping for most of this year, and the reasons are more complicated than return-to-office mandates....
How much is AI actually affecting the workforce?
There’s been a lot of big talk about how artificial intelligence is going to replace white collar workers. But what data do we actually have around AI’s impact on the workforce? Today on the show, we...
So long, farewell, super cheap tariff-free shopping
In late July, President Trump signed an executive order to get rid of de minimis, a kind of a loophole where packages valued less than $800 could come into the US without tariffs. Last week, post...
Inside the illegal vape boom
A booming underground vape market is thriving. It’s unapproved, unregulated, and risky. Today on the show, we hear from The Atlantic’s Nick Florko to dig into why illegal vapes have flooded the U.S.,...
AI creeps in, KATSEYE milkshakes, and China says “Zaijian!” to US soybeans
It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: AI shuts out youth from the grind, China leaves U.S. soybeans behind,...
What olive oil tells us about Trump's tariffs
Trump's tariffs are making business harder for international olive oil producers and it turns out those tariffs are even complicating other parts of the Trump administration's agenda, too. Today on...
Trump's unprecedented attack on the Fed
Last night, President Donald Trump posted a letter firing Federal Reserve Board Governor Lisa Cook. The reason? She was accused of listing two properties as her primary residences, which potentially...
Three ways companies are getting around tariffs
Businesses are scrambling for ways to minimize the impact of the Trump administration’s global tariff policy. Today on the show, we go over some of the tricks and legal loopholes that companies are...
Can you copyright artwork made using AI?
Copyright is the legal system used to reward and protect creations made by humans. But with growing adoption of artificial intelligence, does copyright extend to artwork that’s made using AI? Today on...
Job retraining and the brain, DC dining, and Robinhood's sports bet
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...
What happens when railroads get hitched
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...
Cobalt-free batteries reign in Chinese EVs. Why not the US?
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...
How algorithms are changing the way we speak
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...
Three innovations pushing the medical field forward
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,...
The nepo baby premium, frothing markets, and Apple vs. Apples
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....
Why every A-lister also has a side hustle
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...
Why Trump's spending bill could close your grocery store
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...
The arduous system for getting aid into Gaza
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...
What we're reading on the beach this summer
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 edited by Michael...
More for Palantir, less for mRNA, and a disaster database redemption arc
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...
The legal case for — and against — Trump's tariffs
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...
What you need to know about the jobs report revisions
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...
Can we still trust the monthly jobs report? (Update)
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...
What really goes on at the Bureau of Labor Statistics (Update)
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...
How you're using AI at work
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...
Why the Fed could lose $1.5 trillion
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...
The risk of private equity in your 401(k)
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...
The hottest multilateral club doesn't include the US
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...
A baby bonds bonanza
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...
Nigeria notches new highs, Magic gathers millions, and crypto climbs
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...
How to beach on a budget
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...
When Uncle Sam owned banks and factories
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...
Lunch with the man who coined TACO
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...
Your tinned fish obsession is helping resurrect a lost industry
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...
Bonus episode: The Indicator plays... movie business trivia!
To cap off our weeklong series on all things Hollywood, we're going to have a little fun! Tune in to hear Adrian, Darian and Wailin battle it out as they try to name movies based on cryptic...
Congress has voted to eliminate government funding for public media
Act now to ensure public media remains free and accessible to all. Your donation will help this essential American service survive and thrive. Visit donate.npr.org now.Learn more about sponsor message...
Are you not entertained ... by our movie-related indicators?
The movies come to Indicators of the Week. We dig into why one film is letting you reserve tickets a whole year in advance, what ticket prices might tell us about tariffs and inflation, and how Los...
When is cosplay a crime?
Cosplay—or dressing up as your favorite character from pop culture—is fun! But it can fall into a legal gray area when it comes to companies' intellectual property. Today on the show: a group of...
The story of China and Hollywood's big-screen romance
No country can come close to the amount of money Americans spend at the box office each year ... that is, until China came along. The US and Chinese film industries have a long intertwined history,...
Why aren't filmmakers shooting in LA?
Despite being, ya know, Hollywood, more and more movies and TV shows are shooting outside of Tinseltown. Dozens of U.S. states and many countries offer subsidies for film production. This has drawn...
Before La La Land, there was Fort Lee, New Jersey
Hollywood, baby! The glitz! The glamour! The ever-changing business models! This week, The Indicator is going to the movies. Starting today with the history of Hollywood and where it began ... New...
Red tape indicators: sports betting, R&D and click-to-cancel
We are back with Indicators of the Week! Today, we'll be digging into why U.S. professional gamblers are worried about their future, why businesses might start investing more in research and...
Could Meta do more to protect us from cyber scams?
Many small businesses are online now, but so are cyber criminals trying to take advantage. On today's show, how one bar owner fell victim to a Facebook scam and if big tech could do more to protect...
Can you afford to evacuate ahead of a disaster?
We are just at the start of hurricane season, and we're already seeing the danger and tragedy brought on by storms. There's another cost that gets much less attention, but it's a gamble everyone in...
Will the tax cuts pay for themselves?
The One Big Beautiful Bill Act is now law. It's expected to cost the government a pretty penny. The Congressional Budget Office predicts a $3.4 trillion increase in the deficit over ten years. This is...
Why can't we insure trees?
In the U.S., we insure most everything we sell. So why not trees? Today on the show why trees aren't insured like other crops, and what it would take to get that insurance with extreme weather events...
One of the cheapest ways to save a life is going away (EXTENDED VERSION)
This episode was first published as a bonus episode for our Planet Money+ listeners. Today, we're making it available for everyone! U.S. aid helped Eswatini and Lesotho, two small countries in...
How ICE crackdowns are affecting the workforce
The Trump administration's crackdown on immigrants might be the most profound change in the American labor market right now. Industries that rely on immigrant labor are especially vulnerable, as ICE...
Tech layoffs, recession pop and more listener questions answered
We are back with another edition of listener questions! In this round, we tackle recession pop, why the job market feels so crummy for IT grads, and whether President Trump saying that Walmart "eat...
We're nearing 'peak population.' These economists are worried
Over the past century, the world's human population has exploded from around 2 billion to 8 billion. Meanwhile, the average fertility rate has gradually declined. And if that trend continues as it...
Can Starlink stay ahead in satellite internet?
Whether you're watching Love Island in an RV or streaming a playlist in a remote California campground, if you're using satellite internet, odds are you're using Elon Musk's Starlink.Today on the...
Babies v climate change; AI v IP; bonds v world
It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. On today's episode: Could more babies change the climate in a big way? Why did a U.S....
We're gonna need a bigger boat-building industry
During World War II, the U.S. shipbuilding industry flourished. Now, it's nearly non-existent. China is the dominant shipbuilder in the world economy. On today's show, we look at what happened to...
One of the cheapest ways to save a life is going away
What's the price to save a human life? We examine the monumental legacy of the U.S. President's Emergency Plan For AIDS Relief (PEPFAR) with journalist Jon Cohen, who traveled to Eswatini and Lesotho...
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