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The Indicator from Planet Money

Tariffs. Consumer sentiment. Cape Ratio. Pick The Indicator of The Year!

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 19 December 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

2025 was a wild year for the U.S. economy. Tariffs transformed the global economy, consumer sentiment hit near-historic lows, and the stock market hit scary, spooky, blood-curdling new heights! So … which of these economic stories defined the year? 

Our hosts from Planet Money and The Indicator duke it out during our annual … Family Feud!

Tell us who you think has THE indicator of the year by emailing us at [email protected]. Put “Family Feud” in the subject line. 

Related episodes:


The Indicators of this year and next 

This indicator hasn’t flashed this red since the dot-com bubble 

What would it mean to actually refund the tariffs?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter 

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Transcript

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0:00.0

NPR.

0:02.0

This is the indicator from Planet Money. I'm Darym Woods.

0:15.0

It's the end of the year. We've given thanks, stockings have been stuffed, and we're spending meaningful

0:23.0

time with loved ones. In fact, today I sit down with my Planet Money family and do what families

0:29.5

do best around the holiday season. Engage in brutal, soul-breaking arguments in a fashion most

0:35.9

public. That's right. It's time for another family feud.

0:41.3

Today I'm competing head to head with my planet money colleagues, Kenny Malone.

0:45.3

Bring it, ya egg. Is that what they say in New Zealand?

0:48.3

Something like that.

0:49.3

That's right. And Greg Rosalski.

0:51.3

Can we all just get along?

0:53.3

No.

0:55.5

Not for the next nine minutes.

0:59.1

And in case you aren't up to speed, here are the rules.

1:03.4

Each of us has a spiel for our indicator of the year.

1:08.5

We will each have 60 seconds or less to make our case or else.

1:14.0

And in the end, you, dear listener, will vote on who had the indicator of 2025. Coming up on the show, we have Kenny Malone, rightfully explaining why consumer

1:21.2

sentiment for the third straight year is obviously the indicator of the year. And I'm Greg

1:26.4

Rosalski. I'm championing the idea that tariffs weren't the story of 2025.

1:32.6

And we'll have me, Dary Woods, seeing terrifying signs in the stock market.

1:37.7

That's after the break.

1:43.4

All right, family feud. Kenny Malone, you are up first. All right, family feud.

...

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