Tumbling economic sentiment — especially for Dems

Marketplace

American Public Media

Business, News

4.6 • 8K Ratings

🗓️ 21 February 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

American consumers agree: High prices aren’t going anywhere. All that stress about inflation, and throw in the impact of tariffs, heightens uncertainty, which translates into negative economic sentiment. But the severity of concern varies between Republicans and Democrats — a lot. Also in this episode: Private data can’t replace government data, oil tankers “go dark” and though the travel industry enjoyed healthy growth last year, new Trump policies could affect the upward trend.

Transcript

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0:00.0	You saw the markets today, right? That is where we'll start and then, of course, the rest of this week
0:08.4	in this economy. From American public media, this is Marketplace. In Los Angeles, I'm Kyle Rizzdahl.
0:25.8	It is Friday.
0:26.9	Today, the 21st of February.
0:28.9	Good as always to have you along, everybody.
0:31.6	I will note here two things as we get going.
0:34.3	Thing number one is that markets go down too, gang. It's been a while since
0:39.1	I've said it, but it is no less true in its absence. Thing number two, ain't nobody out there
0:45.3	likes uncertainty, of which we have a lot. So let's get to it. Heather Long is at the Washington
0:51.4	Post. Sudip, ready? Is it Politico? Hey, you two. Hey, Kai. Hi, Kai. Sudeep, ready, is it political? Oh, hey, you too.
0:55.9	Hey, Kai. Hi, Kai. Sadipe, let me begin with you and the observation that the markets today
0:58.6	finally, actually, after
1:01.3	five-ish weeks since the inauguration,
1:05.0	and in the face of consumer sentiment and Walmart yesterday,
1:08.1	said, yeah, we're not here for this.
1:10.4	Are you surprised it took this long?
1:13.3	We all knew there was going to be a moment when markets come off the sugar high.
1:17.4	That is happening right now.
1:19.6	And what the adjustment looks like is what we'll be following for a while.
1:24.9	It's not a huge surprise today as options expiration day. There are moments
1:29.9	when markets act up right around that point, especially in a memeified stock market era where
1:36.6	people are making day trade bets like they have been in the last few years. But we have a lot of
	...

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