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The John Batchelor Show

S8 Ep211: CALIFORNIA JOB LOSSES AND CHINA'S ECONOMIC SLOWDOWN AMID RETAIL SEASON Colleague Chris Riegel. California's new wage mandates have triggered significant job losses in the fast-food sector, forcing operators to move to lower-tax states. Internationally, wh

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 18 December 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

CALIFORNIA JOB LOSSES AND CHINA'S ECONOMIC SLOWDOWN AMID RETAIL SEASON Colleague Chris Riegel. California's new wage mandates have triggered significant job losses in the fast-food sector, forcing operators to move to lower-tax states. Internationally, while China boasts of leads in AI and EVs, these sectors rely on unsustainable subsidies, masking a deep consumer recession and deflation in the property market. NUMBER 3
1848 SAN DIEGO

Transcript

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0:00.0

My place in tech changes every day, but I don't fear the future,

0:05.0

because I'm with the leader, Pluralsight.

0:08.0

Their online learning platform has the hands-on, expert-led courses I need

0:13.0

to master new tech skills and create bigger impact,

0:17.0

so I can learn quickly and stay ahead.

0:20.0

With Pluralsight, I don't quickly and stay ahead.

0:23.3

With Pluralsight, I don't fear what's next.

0:24.9

I embrace it.

0:28.3

Tap in at Pluralsight.com and see for yourself.

0:37.0

This is CBS On the World.

0:38.2

I'm John Batchel.

0:39.4

It is Christmas time.

0:46.1

And what that means for retail is that we watch Black Friday, Cyber Monday, the Christmas moving, and measure the economy because the American consumer is the economy.

0:51.7

I welcome my good colleague, Chris Regal, the CEO of Scholar.com.

0:55.9

This is a scholar report with business on all the occupied continents. The anticipation of

1:01.5

Thursday, the Thanksgiving Day, to Christmas and then the new year, is everything for setting

1:09.9

up expectation of the new year.

1:12.2

The ordering for this season was done last summer.

1:15.1

So we're not talking about anything outside of how did the store sales go.

1:20.6

Part of that is to ask how the economy is doing.

1:23.6

And right now we have a leaning towards a positive report of a diminution in inflation,

1:30.0

moving towards the 2% that the Federal Reserve Board says is our ambition. All that is good news.

...

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