What's really going on in the Trump economy?
Marketplace
American Public Media
4.6 • 8K Ratings
🗓️ 28 August 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
The U.S. economy grew faster than expected in the second quarter of the year, with GDP revised up to an annualized 3.3% from April through June. We take a closer look at what's driving those numbers, and check in on how corporate America is faring amid shifting trade policy. Also on the show: the AI data center boom, nuclear power's pop culture moment, and a retired Air Force officer's pivot to interior design.
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Transcript
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| 0:00.0 | What's really happening in the Trump economy? The headline numbers don't tell the whole story. |
| 0:07.0 | From American Public Media, this is Marketplace. |
| 0:15.0 | In Denver, I'm Amy Scott in for Kai Rizdahl. It's Thursday, August 28th. Good to have you with us. |
| 0:27.5 | First, the headline, the U.S. economy grew faster in the second quarter of the year than previously estimated. |
| 0:34.4 | The Commerce Department said today gross domestic product from April through June grew |
| 0:38.9 | at a revised 3.3 percent adjusted for seasonal factors and inflation. That's higher than the |
| 0:45.9 | 3 percent officials estimated last month. Revision are standard business with GDP as more |
| 0:52.7 | complete data becomes available. |
| 0:54.9 | We'll get a third estimate next month. |
| 0:57.4 | But the fine print is pretty important on this one. |
| 1:01.0 | Marketplaces Matt Levin has the story. |
| 1:03.7 | What's that post office slogan again? |
| 1:05.8 | Neither snow nor rain nor gloom of night will stop you from getting an American Express offer in your mailbox |
| 1:11.4 | today? Well, economic data doesn't work like that. When a massive storm hits the Gulf |
| 1:16.8 | coast or a polar vortex freezes the Midwest, jobs numbers or retail sales may be misleading. And after |
| 1:24.0 | April 2nd, Hurricane Tariff-Paloza made landfall. It would be like another storm of sorts. |
| 1:31.0 | And it certainly had an impact on GDP without any question. |
| 1:35.5 | Charles Lieberman is Chief Investment Officer with Advisors Capital Management. |
| 1:39.8 | It's visible. |
| 1:40.5 | You can see how much imports were distorted. |
| 1:45.4 | The twist here is the way GDP is calculated. GDP is the final value of goods and services |
| 1:51.0 | produced in the U.S., so imports are subtracted from that. When tariffs hit and imports were cut |
... |
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