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The Indicator from Planet Money

How Red Lobster got cooked and other indicators

The Indicator from Planet Money

NPR

Business

4.79.5K Ratings

🗓️ 24 May 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Indicators of the Week is back! On today's episode, we discuss Red Lobster's bankruptcy, the rancid vibes of the U.S. economy, and a surprising shift in vices among Americans.

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Transcript

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0:00.0

NPR. This is the indicator from Planet Money. I'm Waylon Wong.

0:14.4

And I'm Adrian Ma, and it's time for indicators of the week.

0:18.2

And joining us on this edition of Indicators of the Week

0:22.9

is our colleague from the Business Desk.

0:25.7

Alina Sal Luke, hello.

0:27.4

Hello, hello, hello.

0:28.4

Alina, you are here for an action-packed

0:32.0

indicators of the week. Today we are going to talk about

0:34.8

how Red Lobster got cooked and the vibes and vices of the American economy.

0:40.4

Wow, love it.

0:51.0

Whelan, your indicator has something to do with vibes. It does, and vibes are bad my friends. My indicator is

0:55.8

56 percent. This is the percentage of Americans who believe the US economy is in

1:01.5

a recession according to a new poll by Harris and the

1:05.3

Guardian newspaper. When I saw this I was floored because we did have a mini

1:10.0

recession at the start of the pandemic in 2020. But since then gross domestic

1:14.3

product has been going up and you know by this measure the economy is expanding not

1:18.7

contracting. I mean and we have talked about this before on the show This is sort of a more of a vibe session than a recession.

1:25.8

Like people, despite the sort of the headline numbers

1:28.6

of the economy being strong, people are just like not feeling it.

1:31.5

Exactly.

1:32.3

And you know, this poll suggests it's not just

1:34.7

a casual disconnect between what the numbers say

...

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