When feelings don’t match the headline figures
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 10 March 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
There’s a clear divide over some sunnier economic data that’s been released over the past few months and how consumers are actually experiencing this economy. On today’s show, we discuss how some headline figures — like unemployment and inflation — can mislead rather than paint a full picture. Plus, some economists and investors are worried about the direction of the U.S. economy, which President Donald Trump said is headed for “a period of transition.”
Transcript
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| 0:00.0 | Why statistics about the economy don't match our feelings about it. |
| 0:06.0 | For a marketplace, I'm Sabri Beneshore, in for David Brancaccio. |
| 0:09.0 | Markets this morning are pointing lower as investors worry about the direction of the economy. |
| 0:15.0 | Economic policy out of the White House has been unstable, and that has made the business environment uncertain for businesses and consumers. President Donald Trump this weekend did little to clear things up, declining to rule out the possibility of a recession. Marketplaces Nova Sappho has more. |
| 0:31.1 | On Fox News this weekend, President Trump was asked whether the U.S. economy could be headed for a recession this year as layoffs, |
| 0:38.3 | federal spending cuts, and tariffs take a toll. |
| 0:41.3 | I hate to predict things like that. |
| 0:43.5 | There is a period of transition because what we're doing is very big. |
| 0:48.8 | A period of transition. |
| 0:50.7 | Last week, Trump's Treasury Secretary Scott Besson suggested something similar. |
| 0:55.3 | The market and the economy have just become hooked. |
| 0:58.4 | We've become addicted to this government spending, and there's going to be a detox period. |
| 1:03.5 | It's not just about government spending, though. |
| 1:05.6 | Markets moved to sharply lower after Trump imposed tariffs on Canada and Mexico. |
| 1:10.7 | Nearly all economists pulled by Reuters last week said recession risks have risen in all three |
| 1:16.6 | countries. Commerce Secretary Howard Lutnik on NBC's Meet the Press over the weekend called all |
| 1:21.8 | of this not a transition, but... |
| 1:24.3 | Will there be distortions? Of course. Foreign goods may get a little more expensive, |
| 1:29.4 | but American goods are going to get cheaper. |
| 1:31.7 | Economists dispute that cheaper assertion. The administration plans to levy 25% tariffs on steel |
| 1:37.6 | and aluminum imports this Wednesday. I'm Novosafo for Marketplace. |
| 1:42.7 | Canadian convenience store giant ACT owns Circle K convenience stores, among others. |
... |
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