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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

President Trump claims Venezuela stole American oil. Is that true? We trace Venezuela's oil industry from its 1920s birth through nationalization and then collapse. Today on the show, how did the Venezuelan oil industry get to a point where it’s barely pulling from its reserves? And will anything change now? 

Related episodes: 
Venezuela’s economic descent (Updated) 
Venezuela’s recent economic history (Update) 
Why oil in Guyana could be a curse 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 Julia Ritchey. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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Venezuela didn't steal U.S. oil. Here's what happened

When you're in a grocery store nowadays, chances are your data is being collected. From a swipe of the loyalty card to the purchase of an ice cream pint, your data tells stores what you like, how much they should stock, and more. 

But what if that data meant a grocer could charge you a different price than another shopper?

On today's show, the evolving price tag. 

Related episodes:

Should 'surveillance pricing' be banned? 

How Grocery Shelves Get Stacked 

How niche brands got into your local supermarket

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 you trust you're getting the same grocery prices as someone else?

Former Venezuelan leader, Nicolás Maduro, appeared in a New York court yesterday. He’s facing drug-trafficking and weapons charges after the U.S. abducted him and his wife in an explosive operation over the weekend. But is there any credibility to the drug-trafficking accusations? And what does the cocaine supply chain look like in 2026?

Today on the show, tracing cocaine’s journey from the Andes to the streets of U.S. cities.

Further reading: 
Ioan Grillo – El Narco

Related episodes: 
Venezuela’s economic descent (Updated)
Why Are Venezuelans Starving?
Lessons from a former drug dealer

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 Cooper Katz McKim and Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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How cocaine smuggling through Latin America really works

Japan’s new prime minister Sanae Takaichi made waves last fall after saying her country might intervene if China invaded Taiwan. In response, China launched state-organized boycotts against Japan — canceling concerts, restricting seafood imports, and even recalling pandas. Today on the show, what does it look like for a state to organize a boycott, and does it work? 

Related episodes: 
How Japan’s new prime minister is jolting markets
When do boycotts work? 
Forging Taiwan's Silicon Shield 

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 China pulled the plug on Japan

At The Indicator, we’ve been following the conditions in Venezuela over the years. In 2024 we covered how Venezuela’s economy went into freefall, and have been checking in with an economist there frequently — including after the U.S. attacked over the weekend, deposing its leader Nicolás Maduro. 

On today’s show, we’re revisiting our episode about Venezuela’s economy, and hear from our contact in Caracas. 

Send us questions you’d like The Indicator to answer on future episodes about Venezuela: indicator@npr.org. 

Related episodes: The Measure of a Tragedy Why are Venezuelans starving? An Economist in Caracas: Day In The Life 

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

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

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Venezuela’s economic descent (Updated)

2025 is finally over. 

We had bad consumer sentiment vibes, tariffs, and a seemingly ascendant stock market. And those are just a few indicators from last year! 

As we enter 2026, what indicators should we keep an eye on … in the future? On today’s episode, our top indicator predictions for the new year.

Related: 

What AI data centers are doing to your electric bill 

Tariffs. Consumer sentiment. Cape ratio. Pick the Indicator of the Year! 

What indicators will 2025 bring? 

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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We resolve to watch these 2026 indicators

Americans are moving at record lows for work. What’s driving people to, well, not drive cross-country for jobs? On today’s episode, we explore the rising homebody economy. 

This episode originally aired Oct. 3, 2025. 

Related episodes: 
Why moms are leaving their paid jobs 
How the end of Roe is reshaping the medical workforce 

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 Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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Why Americans don't want to move for jobs anymore (Encore)

To hear President Trump tell it, the late 1800s, i.e. the Gilded Age, were a period of unparalleled wealth and prosperity in the U.S. But this era was also marked by corruption and wealth inequality. Sound familiar? On today's show, is history repeating itself?

This episode originally aired June 5, 2025. 

Related: Trump's tariff role model 

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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Gilded Age 2.0? (Encore)

Seasons greetings from the The Indicator! On today's show, the story of a man who started buying and selling stocks as a hobby — and got seriously addicted. We also speak with a neuroeconomist about the human brain on day trading. 

This piece originally aired Jan. 25, 2025. 

Related episodes: 
The young trolls of Wall Street are growing up 
Invest like a Congress member 
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 cautionary tale of a recovering day trading addict (Encore)

Many men in the U.S. feel like they're not doing as well as their fathers. But what does the data say? This episode, we're sharing an extended conversation between Darian Woods and Richard Reeves, the president of the American Institute for Boys and Men. They discuss what's really going on with men's wages. Richard also argues economic and cultural changes are needed to address the struggles unique to working-class men.

This interview was included in one of our bonus episodes for NPR+ supporters. Today we're sharing it with everyone. Learn more about NPR+ and sign up at plus.npr.org. 

Find us: TikTok, Instagram, Facebook, Newsletter. 

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We resolve to watch these 2026 indicators

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