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Slate Money

Money Talks: Chicken and a Cold Drink

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 25 November 2025

⏱️ 39 minutes

🧾️ Download transcript

Summary

In this Money Talks: The Wall Street Journal’s Heather Haddon joins Emily Peck to unpack her recent reporting on the fast food industry, including the reason we’re seeing the “Value Wars” play out at places like McDonalds and Chili’s, Starbuck’s strategies to revive sales, and the intense drive-thru operations research being done by Chik-fil-A. Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome to Money Talks, a special extra podcast from Slate Money, where we have

0:09.6

conversations about money with brilliant people. I'm Emily Peck. I'm the co-host of Slate Money

0:16.4

and a national correspondent at Axios, and I'm here today with Heather Haddon. Hi, Heather.

0:21.6

Hey, thanks so much for having me.

0:23.0

I'm so excited to talk to you.

0:25.7

Heather covers restaurants for the Wall Street Journal,

0:29.4

and part of that involves covering the fast food industry,

0:32.7

which is, I realized as I was preparing for this show,

0:36.4

an industry that I am obsessed with.

0:39.1

I don't cover it.

0:40.7

And I hardly ever eat at fast food places, but I am very interested in fast food.

0:46.5

I think it says so much about so much of just everything, America.

0:51.4

So, Heather, I want to talk to you about a lot of what you're covering, just

0:55.2

like the current state of the industry, considering price pressures. I want to talk about

0:59.7

McDonald's and it's like return to the value meal. I want to understand what the hell

1:05.1

Starbucks is up to right now. And I hope we have time to maybe get into the reason we reached out to you in the

1:11.7

first place, which was Chick-fil-A and its intense drive-through strategy. Yes, they have a

1:18.4

crazy drive-thru strategy. Okay. So, yeah, that's all coming up on Slate Money Talks.

1:33.1

I don't even know where to start.

1:37.6

I guess I'll start, Heather, just by asking you to give us a like state of the fast food business.

1:40.5

We are talking in it's almost Thanksgiving.

1:46.2

Everyone right now is obsessed with cost of food specifically. So what's happening in fast food, which is supposed to be cheap, right? Yeah, fast food is supposed to be winning right now.

...

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