Restaurant tabs … as an economic indicator?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 28 February 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
The average consumer is hungry — to go out, that is. Sales at restaurants and bars are up nearly 25% since last January, but that spending surge coincides with dimming consumer confidence. What can all that going out tell us about the economy more broadly? Also on the show: bans on American investments in China, TikTok’s numbered days on government devices and Tubi’s CEO on ad-supported streaming.
Transcript
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| 0:00.0 | On the program today, China, and then some more China, from American public media, this |
| 0:10.5 | is Market Plants. |
| 0:20.8 | In Los Angeles, I'm Kai. |
| 0:22.1 | Rizdole is Tuesday today, the 28th day of February. |
| 0:24.8 | It is always to have you along. |
| 0:27.2 | This is a day of rare agreement in Washington DC. |
| 0:31.1 | Agreement in particular about the strategic dilemma that is the Sino-American relationship |
| 0:36.7 | right now. |
| 0:37.7 | Political agreement, mostly, military national security agreement as well, economic agreement |
| 0:43.8 | two. |
| 0:45.4 | There are two committee hearings on Capitol Hill today in which China is agenda item number |
| 0:49.3 | one. |
| 0:50.3 | One of those hearings in prime time, actually, for easier television viewing. |
| 0:54.3 | The Biden administration and Congress are working on among other things. |
| 0:58.1 | Economic tools the United States might use in its relationship with Beijing right now. |
| 1:02.8 | Trade is on that list. |
| 1:04.0 | tariffs, of course, other measures as well. |
| 1:06.1 | Also, American investment over there. |
| 1:09.5 | Marketplace's Nancy Marshall-Genzer gets his going. |
| 1:12.1 | For years, China was a free for all for U.S. companies and investors. |
| 1:15.9 | If you wanted to buy stock in a Chinese firm that makes technology used by Chinese military, |
| 1:21.2 | no problem. |
... |
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