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Marketplace

Looking for economic clues in corporate America

Marketplace

American Public Media

Business, News

4.68K Ratings

🗓️ 21 July 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

We like to say it a lot here at Marketplace: the stock market is not the economy. But it can help tell us how the economy is doing — if people and businesses are spending or saving, investing or hunkering down. This week, some major companies will report their second quarter earnings, giving us insight into where this economy is headed. Also in this episode: how summer roadwork is hurting businesses in one Vermont town, and why health insurance premiums are going up next year.


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Transcript

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0:00.0

One looks for clues about this economy where one can find them. Today, it's in the books of corporate America. From Americandahl. It is Monday, today, 21 July. Good as it always is to have you along, everybody.

0:33.2

This is going to be a fairly light data week coming up. We'll get home sales, both new and used, durable goods orders, a couple of speeches by Fed officials.

0:43.1

That's about it.

0:45.0

Never fear, though, because in the absence of A-list economic indicators, we are going to get a whole lot of information about how corporate America is doing.

0:53.9

Quarterly earnings reports from the likes of Coca-Cola and GM, Lockheed Martin, Alaska, and American Airlines, Alphabet, Tesla as well.

1:02.5

We heard from Verizon today, they did pretty well. Also, Stalantis, which didn't.

1:08.6

The carmaker, which reports in Europe, it's a conglomerate of Pujo, Fiat, and Chrysler,

1:13.7

lost $2.7 billion in the first half of the year.

1:17.4

Some of that, it said, thanks to tariffs,

1:20.0

and it warned of more pain to come.

1:23.5

Marketplace's Mitchell Hartman gets us going

1:25.1

with what we might learn from the rest of this week's reports.

1:29.2

About 15% of S&P 500 companies have reported quarterly earnings so far.

1:34.8

And says Mike Dixon at Horizon Investments,

1:38.1

overall, the early read from a corporate fundamentals perspective is quite strong.

1:42.6

Starting with the big banks that reported last week, J.P. Morgan, Goldman Sachs, Bank of America.

1:48.4

They came in fairly strong, most beat expectations.

1:52.5

Says Chris Haverland at the Wells Fargo Investment Institute.

1:55.8

He expects a lot more beating of Wall Street expectations as the earnings roll in. But he points out,

2:02.6

The bar has been set pretty low coming into this earnings season. Many companies actually cut

2:09.2

their earnings predictions in the past few months as uncertainty mounted about how much the

2:14.1

Trump tariffs would hurt their bottom lines. Rob Hayworth at U.S. Bank Asset Management says now, analysts want to know.

...

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