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WSJ What’s News

The Tyson Plant That Shaped This Nebraska Town Is Closing. What Comes Next?

WSJ What’s News

The Wall Street Journal

Daily News, News

44K Ratings

🗓️ 23 December 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

P.M. Edition for Dec. 23. When Tyson Foods announced that it was closing its meatpacking plant in Lexington, Nebraska, it sent the city into a crisis. We hear from WSJ reporter Patrick Thomas about what locals are planning to do as the city is losing its largest employer. Plus, the U.S. economy was unexpectedly strong in the third quarter. Chao Deng, who covers the U.S. economy for the Journal, breaks down how consumer spending drove that growth. And if you’re planning to fly economy this holiday season–or anytime really–we’ve got some tips on how to make the trip a little more enjoyable. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Corporate megastores are spending millions lobbying DC politicians on one-sided policies that send small businesses tumbling.

0:08.1

They want to enact harmful credit card mandates that take resources away from your local credit union and community bank.

0:14.7

Leaving Main Street businesses with less access to credit, making it harder for your family to pay for everyday goods like gas and groceries.

0:23.0

Tell Congress to guard your card and oppose the Durban Marshall credit card mandates.

0:28.4

Paid for by Electronic Payments Coalition.

0:33.7

Consumer spending helped the U.S. economy grow in the third quarter by its fastest rate in two years.

0:39.3

Plus, what happens to a community when its main employer closes up shop?

0:43.3

Take Lexington, Nebraska, population 11,000.

0:47.3

It's hard to understate how important that plant has been.

0:50.3

It's a massive economic engine. It's the cornerstone of that town. It's the

0:55.4

largest employer. Like when you think of Lexington, it is a meatpacking town. And what's driving the

1:02.3

rise of the eight-year auto loan? It's Tuesday, December 23rd. I'm Alex O'Soulaf for the Wall Street

1:08.5

Journal. This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:16.4

In a good sign for the U.S. economy, GDP grew at a 4.3% annual rate from July through September.

1:23.6

That's the strongest growth in two years, and it beat economist's expectations.

1:28.1

The Commerce Department released its report today after delays from the government shutdown.

1:32.6

For more on what drove that growth, I'm joined now by Chow Deng, who covers the U.S. economy for the journal.

1:38.1

Chow, break this down for us. What's behind this growth?

1:41.1

It was clear that consumer spending was very strong.

1:45.6

Economists think that that's due to high-income consumers carrying a lot of that spending. And then the trade component

1:52.2

played a role, too, as it did in the second quarter, imports continue to contract, which

1:57.7

bumped up the headline growth figure. And then lastly, investment in AI

...

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