The economy that could be
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 January 2025
⏱️ 27 minutes
🧾️ Download transcript
Summary
If you’re a regular “Marketplace” listener, you’ve probably heard of the Fed’s Beige Book. But have you heard of the Tealbook? In this episode, we pull back the curtain on the Fed’s fortune-telling report that helps monetary policy mandarins ideate on possible economic scenarios. Plus: AI tools juggle search dominance with profitability, the GDP report shows consumers still haven’t stopped spending and we wrap up our sojourn in Cumberland County, Tennessee.
Transcript
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| 0:00.0 | Hi, David Brancaccio here. This week on Marketplace Morning Report, I was asked to share a personal |
| 0:06.7 | story. My wife and I worked on a plan to move back to California with two of our offspring living in the |
| 0:13.1 | Golden State. In November, we made that dream a reality when we purchased a cozy bungalow in the city of Altadena. |
| 0:20.5 | Just a few weeks later, our home, along with so many thousands of others, is in ruins, total loss. |
| 0:27.2 | This week, we return to survey what little the wildfire left and to start planning what might be next for us. |
| 0:34.1 | I'm learning a lot, and some of it may be useful to others rebuilding after disaster from |
| 0:38.4 | cleaning up the mess to navigating insurance, mortgages, taxes, to securing contractors and more. |
| 0:45.4 | Listen to Marketplace Morning Report wherever you get your podcasts. |
| 1:06.1 | This economy and how it's doing, to start, an update on the AI search wars, and then we wrap things up in Cumberland County, Tennessee. |
| 1:11.4 | From American Public Media, this is Marketplace. |
| 1:21.6 | In Los Angeles, I'm Kyle Rizzdahl. |
| 1:24.6 | It is Thursday, today the 30th of January. |
| 1:26.9 | Good as always to have you along, everybody. |
| 1:29.6 | There are days when the news of this economy is far from the most important thing happening. And attention today is rightly on the |
| 1:35.2 | victims of the crash last night at Reagan National Airport in Washington, 67 people. |
| 1:41.6 | The economy, though, does go on. And our lead story today is actually the economy, |
| 1:47.2 | specifically how much it's growing. That is measured in something called gross domestic product, |
| 1:52.4 | all the goods and services produced, bought, and sold here. And as it happens, we learned |
| 1:57.7 | this morning overall economic growth last year wasn't so bad. 2.8% in |
| 2:02.2 | 24. Thanks, mostly to you, the humble American consumer. Your spending grew at the fastest |
| 2:08.4 | pace in two years. Marketplaces Kristen Schwab gets us going with why that is happening even |
| 2:14.6 | after the journey we've all been on with inflation and interest rates. |
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