meta_pixel
Tapesearch Logo
Log in
The John Batchelor Show

26: Small Business Economy Steady; AI Remains a 'Toy'. Gene Marks reports on the small business economy, noting steady activity among machine parts manufacturers, often preparing for an "onshoring boom." Construction and housing are holding steady but anticip

The John Batchelor Show

John Batchelor

Arts, Society & Culture, Books, News

4.52.8K Ratings

🗓️ 25 October 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Small Business Economy Steady; AI Remains a 'Toy'. Gene Marks reports on the small business economy, noting steady activity among machine parts manufacturers, often preparing for an "onshoring boom." Construction and housing are holding steady but anticipate a future boom as interest rates decline. Tariffs have a muted impact, often absorbed or passed on as separate invoice line items for transparency. Marks demonstrates that AI, despite its advances, is not ready for prime-time business use, failing to accurately generate a requested image of a Yorkshire Terrier hitting a home run.



Transcript

Click on a timestamp to play from that location

0:00.0

Building a coffee business?

0:02.0

Serving the best Americano in town is up to you.

0:04.0

But winning back time and growing your business,

0:06.0

leave that to sum-up.

0:07.0

Take orders and payments anywhere with the new SumUp terminal.

0:10.0

Turn occasional customers into regulars with a free loyalty program.

0:13.0

And with the SumUp point of sale system,

0:15.0

you'll always know when you're running low on your best-selling blends.

0:18.0

Visit sumup.co.uk to learn more.

0:30.6

This is CBS. I'm the world. I'm John Batchel. I welcome Gene Marks back from the road.

0:35.3

My small business columnist for the Guardian newspaper, the Philadelphia Inquard, other distinguished publications. We're going to go on the road with Gene, however, because both of us have been measuring the small business economies of different parts of the country and finding surprising convergence of opinion.

0:50.1

Gene, a very good evening to you.

0:51.4

You've been to Palm Springs for the Monitoring Association.

0:56.0

What did you learn?

0:56.9

Good evening to you.

0:58.3

Hi, John.

0:59.1

Yeah, I've been traveling a lot, speaking to a lot of different groups over the past couple of weeks.

1:04.2

So in Palm Springs, the Monitoring Association, this is a association that's made up of companies that implement

1:13.4

alarm systems, you know, all around the country. It's a very competitive and big industry,

1:19.9

not only the alarm systems, but systems that track fire or that track, you know, warn you of

1:25.7

carbon monoxide. Think about it. You know, every building,

1:29.4

every warehouse, every residential home, every apartment complex, they need this stuff. It's

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from John Batchelor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of John Batchelor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.