The 'K' in 'K-shaped economy' stands for 'kitchen'

Marketplace

American Public Media

Business, News

4.6 • 8K Ratings

🗓️ 3 October 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The gap between how high-income and low-income Americans are faring in this economy is growing. One example? Fast food restaurants are struggling while sit-down joints that cater to wealthier customers are A-OK. Also in this episode: “Every Screen on the Planet” author Emily Baker-White talks geopolitics behind the U.S.-China TikTok deal and a Wyoming solar panel company preps for the end of federal subsidies for residential installation.

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Transcript

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0:00.0	Well, here we are. Another Friday, another shutdown, another where do things go from here?
0:09.6	From American public media. This is Marketplace.
0:17.9	In Los Angeles, I'm Colin Rizzdahl.
0:24.1	It is Friday.
0:24.9	Today, this one is the 3rd of October.
0:27.2	It is good as it always is to have you along, everybody.
0:30.9	One does not, I believe, need to recap the state of play of the politics of this economy.
0:36.4	So we will not.
0:55.7	But the shutdown is not without its economic effects, so that's where we're going to start. Cudie Breddy is the Washington Bureau, Chief of Chief of Bureau Chief of Chief Economist at Navy Federal Credit Union. Hey, you too. Hi, Kai. Hey, Kai. Heather Long, we begin with you. Obviously, we did not get the September jobs report today.
1:01.5	We are probably going to miss our next reading on inflation. As the chief economist in the room,
1:03.8	what is your level of worry?
1:07.0	I mean, look, it's... Thanks for coming to my TED Talk.
1:08.3	Yeah, it's, I mean, it's unsettling, right?
1:11.0	This hasn't happened since 2013, and I know people keep saying this, but it's true.
1:16.0	It feels like you're trying to fly an airplane or drive a car blindfolded.
1:20.9	And sure, you can do that for a little while, but it just feels like, why would you want to do that?
1:26.7	Why do you want to have a blindfold on when you're trying to maneuver this economy right now?
1:31.6	And then I think even more importantly, there's a human element to this.
1:35.6	There's the sort of how are we in this again, but also look, over 600,000 workers are
1:42.8	furloughed right now.
1:44.0	Many of them are concerned that they're going to be laid off or could be laid off.
1:48.7	You know, at Navy Federal Credit Union, we extend no interest loans to workers.
	...

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