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A bite-sized show about big ideas. From the people who make Planet Money, The Indicator helps you make sense of what's happening in today's economy. It's a quick hit of insight into money, work, and business. Monday through Friday, in 10 minutes or less.

The Indicator from Planet Money

Back-to-school supplies are getting more expensive … so why are parents and teachers at public schools expected to foot the bill? Today on the show: An economist explains how the cost of school supplies fits into the larger history of public school funding, and what one school district is doing differently. 

Related episodes: 

A food fight over free school lunch 

Mailbag: Children Edition 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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Why "free" public education doesn't always include school supplies

There has been an inordinate amount of trading activity recently in the crypto markets. But what if much of that activity was an illusion? A smokescreen? A fraud? Today on the show, we look at the practice of wash trading, and how it’s evolved in the crypto world. 

Related episodes: 
The fake market in crypto 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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The crypto market is hot. But is it an illusion?

The Federal Reserve is expected to make a modest cut to interest rates this week of about a quarter or half a percentage point. President Trump, however, believes they should take a far more aggressive approach: a 3-percentage point cut. 

Today on the show, we examine what a 3-percentage point cut would actually look like, and why that outcome would likely backfire on the president. 

Related episodes: 
It's hard out there for a Fed chair 
Should presidents have more of a say in interest rates? 
Can the Federal Reserve stay independent? 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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Why an aggressive rate cut could backfire on Trump

Beef is getting more expensive, and it doesn’t look as though that’s going to change any time soon. That’s the view of the Federal Reserve Bank of Dallas, which wrote in its Beige Book entry this month that the trend of rising beef prices continues. There’s solid demand for beef, but falling supply, as production decreases. Ranchers are making more per cow, but their costs are rising. We speak with a rancher in Wyoming to learn what high beef prices mean for him and other ranchers. 

Related episodes: 
What happened to US farmers during the last trade war 
How USAID cuts hurt American farmers 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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Why beef prices are so high

It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. 

On today’s episode: the concept of capitalism is cooling in American minds; the U.S. policies behind the Hyundai ICE raid; and an influential family’s succession saga comes to a thrilling (and expensive!) conclusion. 

Related episodes: 
Salvaging democratic capitalism, with Martin Wolf
How to pass on a global media empireFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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ICE raids, cooling on capitalism, and a Murdoch settlement

We’ll never leave your messages unread. On today’s show, we open the inbox to hear from Indicator listeners about why seasoned software developers might have more AI-proof jobs, and an idea for how to improve accreditation for crime labs. 

Got a question, comment on a recent show or idea for an episode? Send us a message at indicator@npr.org. 

Related episodes: 
Tech layoffs, recession pop and more listener questions answered 
Mail bag! Grad jobs, simplified branding and central bank independence 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

Learn more about sponsor message choices: podcastchoices.com/adchoices

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We read your mail on AI-proof jobs and how to fix crime labs

Tesla’s board of directors recently proposed a pay package for CEO Elon Musk that could pay him about a trillion dollars if he meets certain goals. It’s not a done deal yet—Tesla shareholders will vote on the proposal at the company’s annual meeting in November. But just how much of a say do shareholders actually have in that decision? Or any decision?

Today on the show, we look at what it takes for a shareholder to get their voice heard and how this may be changing under the Trump administration. Plus we talk to one Tesla investor agitating for changes at the company.

Related episodes: 

An epic proxy battle comes to Hasbro

Elon Musk and the fear of the activist investor

Impact investing, part 1: Money, meet morals

Impact investing, part 2: Can money meet morals?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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Can shareholders influence Elon Musk's trillion dollar pay package?

Animals are going extinct at an alarmingly fast rate, largely due to human activity. Same for plants. This is bad for all kinds of reasons, not least of which is that breakthrough drugs often come from nature. But there isn’t consensus on how to save these species. 

Part of the debate asks the economic question: with limited money going to the work, where will it have the most impact? Today on the show, the cost-effective plan to maximize biodiversity that asks ecologists to approach the question more like economists. 

Related episodes: 
The Habitat Banker 
The echo of the bison 
Savings birds with economics 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

Learn more about sponsor message choices: podcastchoices.com/adchoices

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The cost of saving a species

Behavioral scientist Jon Levy’s new book — Team Intelligence: How Brilliant Leaders Unlock Collective Genius — argues that, in the workplace, leadership is overrated and teamwork is underrated. Today on the show: How super chickens and NBA All-Stars demonstrate the perils of individual performance.

Related episodes: 
Why women make great bosses 
The Virtual Office 
The Science of Hoops

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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Teamwork actually does make the dream work

Moms are quitting — or getting pushed out. Workforce participation for mothers in the U.S. has been dropping for most of this year, and the reasons are more complicated than return-to-office mandates. Today on the show, we talk to moms about why they left their jobs and to economist Misty Heggeness, who has studied the phenomenon. 

Find more of Misty’s research here. 

Related episodes: 
How insurance is affecting the cost of childcare 
Women, work and the pandemic 
That time America paid for universal daycare 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

Learn more about sponsor message choices: podcastchoices.com/adchoices

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Why moms are leaving their paid jobs

There’s been a lot of big talk about how artificial intelligence is going to replace white collar workers. But what data do we actually have around AI’s impact on the workforce? Today on the show, we speak to an expert who has measured one aspect of these changes. She tells us how this moment in AI compares to the Industrial Revolution. 

Related episodes: 
AI creates, transforms, and destroys… jobs 
The golden ages of labor and looms 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. 

Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

Learn more about sponsor message choices: podcastchoices.com/adchoices

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How much is AI actually affecting the workforce?

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