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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

Last night, President Donald Trump posted a letter firing Federal Reserve Board Governor Lisa Cook. The reason? She was accused of listing two properties as her primary residences, which potentially gave her more favorable lending terms. This marks another escalation in the president’s battle for control of America’s central bank. 

We’re publishing our conversation early about whether this is legal, what the Fed might do, and how the Fed’s independence is more fragile than we may think. 

Related episodes: 

Should presidents have more of a say in interest rates? 

Can the Federal Reserve stay independent? 

It's hard out there for a Fed chair

Patent Racism
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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Trump's unprecedented attack on the Fed

Businesses are scrambling for ways to minimize the impact of the Trump administration’s global tariff policy. Today on the show, we go over some of the tricks and legal loopholes that companies are employing to get around these sudden import taxes.

Related episodes: 
The legal case for — and against — Trump's tariffs 
The secret tariff-free zone 
You told us how tariffs are affecting you 

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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Three ways companies are getting around tariffs

Copyright is the legal system used to reward and protect creations made by humans. But with growing adoption of artificial intelligence, does copyright extend to artwork that’s made using AI? Today on the show, how a test case over a Vincent Van Gogh mashup is testing the boundaries of copyright law. 

Related episodes: 
‘Let’s Get it On’ … in court 
Copyright small claims court 
The alleged theft at th heart of ChatGPT 

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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Can you copyright artwork made using AI?

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

On today’s episode: Job retraining boosts mental health (with more mixed results for romance); the complex picture behind why dinner reservations are down in DC; and the trading platform Robinhood gets into the sports definitely-not-betting game. 

Related episodes: 
The cautionary tale of a recovering day trading addict 
The nepo baby premium, frothing markets, and Apple vs. Apples 

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

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

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Job retraining and the brain, DC dining, and Robinhood's sports bet

Two freight-rail giants could make history if their $85 billion merger gets approved. Union Pacific’s proposed marriage with Norfolk Southern would create the first coast-to-coast rail network. So why hasn’t it happened before now? Today on the show, the business of train mergers. 

Related episodes: 
How Yellow wound up in the red 

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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What happens when railroads get hitched

There’s been an era-defining race underway between two types of batteries used in electric vehicles: lithium batteries that use cobalt, and ones that use iron phosphate. Cobalt, a metal with a checkered human rights record, has been in the lead. Until recently. 

Henry Sanderson’s book on the elements that build electric vehicles is Volt Rush: The Winners and Losers in the Race to Go Green.

Related episodes: 
The race to produce lithium 
How batteries are already changing the grid 
How batteries are riding the free market rodeo in Texas 
How EV batteries tore apart Michigan (Update) 
Batteries are catching fire at sea 

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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Cobalt-free batteries reign in Chinese EVs. Why not the US?

Social media has birthed an entire lexicon replicated by millions online — even if these words don’t actually mean skibidi. On today’s show, we talk to author Adam Aleksic about how TikTok and Instagram's engagement metrics, and viral memes, are rewiring our brains and transforming language at warp speed.

Adam Aleksic’s book is Algospeak: How Social Media is Transforming the Future of Language 

Related episodes: 
What we’re reading on the beach this summer 

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 algorithms are changing the way we speak

Innovation is crucial for long-term economic prosperity. One area where that’s happening aplenty: medical technology. From a cancer vaccine to an Alzheimer’s blood test to a life-changing exoskeleton, we take you on a tour of the economics of health technology. 

Related episodes: 
The hidden costs of healthcare churn (Apple / Spotify) 
More for Palantir, less for mRNA, and a disaster database redemption arc (Apple / Spotify) 
It's actually really hard to make a robot, guys (Apple / Spotify) 

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. Voice-over by Greg Hardes. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. 

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

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Three innovations pushing the medical field forward

It’s … Indicators of the Week! Our rapid run through the numbers you need to know. 

On today’s episode: John Legend croons; CPI inflation soothes; Same job as mom? You’ll earn more, dude; Apple vs. Apple, a courtroom feud. 

Related episodes: 
Why every A-lister also has a side hustle 
The DOJ's case against Apple 
The Intergenerational Transmission of Employers and the Earnings of Young Workers
Generational Wealth: How High Earners Help Their Children’s Careers

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 nepo baby premium, frothing markets, and Apple vs. Apples

Seemingly every celebrity has their own brand these days, whether it’s booze (Cameron Diaz, Matthew McConaughey) or cosmetics (Selena Gomez, Lady Gaga) or squeezy food pouches (Jennifer Garner). Today on the show, what is fueling the celebrity business bonanza? We hear from two legendary singers, Lisa Loeb AND John Legend, who are pursuing ventures outside of show business. 

Related episodes: 
The celebrity crypto nexus 
The Olympian to influencer pipeline (Apple / Spotify)

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 every A-lister also has a side hustle

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