What an LA Bakery Says About the Economy Right Now

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 1 August 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bakeries are great microcosms of the economy. There's lots of labor involved. You need commodities like flours and eggs, plus energy for your ovens. You need capital investment to get the ovens in the first place, and you need sustained consumer demand to keep you in business. Put it all together and you have a business that tells you a lot about what's going on right now. In this episode, we speak with Andy Kadin, who is the owner of the Los Angeles-based bakery Bub & Grandma's, as well as a sandwich shop and a soon-to-open pizzeria. We talk about what the bread business entails, how much money people are spending right now, and the impact of Trump's tariffs on food costs.

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1:03.4	Bloomberg Audio Studios.
1:05.8	Podcasts, Radio News.
1:19.1	Yeah. Radio News. Hello and welcome to another episode of the All Thoughts podcast. I'm Tracy Alloy.
1:23.5	And I'm Joe Wisenthall.
1:24.8	Joe, I have a very personal question to ask you.
1:28.5	Well, we've known each other for a very long time, so there's not much left that we don't know, but go for it.
1:33.7	Well, I actually don't know the answer to this question.
1:36.7	Have you ever baked anything?
1:39.3	Ah, not that much.
	...

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