Corporations are making more because they’re charging more
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 23 December 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
Today’s revised gross domestic product report includes a tally of corporate profits, which were up 10% over the same time a year ago. Even companies that are selling fewer products are reaping higher profits. Those businesses are passing along rising costs, which people are willing to pay. But how long can the good times for corporations last? Plus, building emergency savings and refilling the U.S. oil reserve.
Transcript
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| 0:58.1 | Hey, nobody tell Jay Powell, but this economy is still going pretty strong. One reason why |
| 1:06.2 | on the program today from American public media, this is Marketplace. |
| 1:13.8 | In Los Angeles, I'm Kai. Resolute is Thursday, today the 22nd day of December. It is always |
| 1:25.8 | to have you along, everybody. As we do from time to time on this program, we will begin |
| 1:30.8 | today with the economic headline at Du jour and then dig a little bit to add some context |
| 1:36.7 | to that headline. We got an update on third quarter gross domestic product from the |
| 1:41.3 | Commerce Department date. The last update actually. Now it's official. The economy grew |
| 1:46.4 | at an annualized rate of 3.2% July through September. That's a bit higher than earlier guesses |
| 1:53.4 | had been. That is the headline. The context is that today's report also included a tally |
| 1:59.8 | of corporate profits. Booming is a word one might use here for corporate profits. Last |
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