Valuetainment - May 13, 2026


＂Switching To Canned Chicken＂ - Costco Drops A BOMBSHELL Recession Prediction


Episode Stats


Length

5 minutes

Words per minute

188.8407

Word count

1,074

Sentence count

61

Harmful content

Misogyny

3

sentences flagged

Toxicity

3

sentences flagged

Hate speech

2

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 But Costco is coming up predicting recessions around the corner.
00:00:02.760 And the reason why they're predicting recessions around the corner is based on one buying habit that you and I have.
00:00:08.700 And you know what the buying habit is? Let me read it to you.
00:00:11.180 By the way, not just in the current recession or concern for recession, historically, we've always seen some, like within fresh protein we've seen,
00:00:18.660 we've always seen when there's a recession, whether it was 99, 2000, 09, 08, 010,
00:00:24.960 we would see some sales penetration shift from beef to poultry and pork.
00:00:29.200 And we have seen some of that now.
00:00:31.700 I think anecdotally, I heard a few months ago from our head of food and Sundry's buyer that we saw some switch even to some canned products like canned chicken and canned tuna and things like that.
00:00:45.860 This is Costco CFO Richard Galanti saying the fact that we are not buying enough beef and we're going to chicken and pork.
00:00:54.420 Tom, do you agree with what they're saying here on the fact that we may be in the beginning of a possible recession?
00:01:00.900 Well, I think possibly.
00:01:02.260 And Costco would know because these things are shifting.
00:01:05.300 And I think there was a comment that was made by the McDonald's CEO last year when he wasn't inventing new burgers and having videos that criticize him for the way he bit a burger.
00:01:13.980 he was talking about that people were leaving fast casual like applebee's red robin and chili's
00:01:20.760 which cost this much for month for lunch and coming back to mcdonald's so there was things
00:01:26.800 that are happening there that you see the trends what's interesting here we have to remember that
00:01:31.640 beef was up 17.6 percent that i found it uh earlier this year and um with that increase
00:01:39.860 There was also, they were talking about the herds were small.
00:01:42.720 So the supply of beef was low, driving the price up.
00:01:47.080 So do we see, there it is, 17%, over 17, it was 17.6, 17.
00:01:51.960 I love it when I remember the right number.
00:01:54.120 So there you have it.
00:01:55.660 And so people are shifting from that protein to chicken or even canned chicken.
00:02:01.040 Now, could two things be true at once, Pat?
00:02:03.500 I think there are.
00:02:04.720 Beef was up.
00:02:06.120 Cost of buying groceries was up.
00:02:07.780 People shift to chicken, lower cost, A, and B, right now the cumulative impact of the long-term Biden inflation and the fact that wages have not kept pace the right even or even a little lower than CPI means that people are struggling and they're looking, especially when you look at fuel, and maybe looking to conserve the home budget.
00:02:31.620 I think both can be possible, but beef was already expensive with seeing a little shift away since the beginning of the year.
00:02:39.080 Adam.
00:02:39.940 Well, there's no economic data that says that the recession has.
00:02:44.460 The technical definition of a recession is two consecutive orders of negative GDP.
00:02:50.040 Which Biden never followed.
00:02:51.480 Unless you're under Biden, then they reword it during the moment.
00:02:54.540 I will say you can always pick out sample sizes like this.
00:02:56.820 There is something, earmuffs, called the stripper index.
00:03:00.240 You familiar with this?
00:03:01.620 The stripper index is basically saying, if you piqued your interest, buddy,
00:03:04.940 it's all about discretionary income.
00:03:07.020 It's before the market and the number and the data,
00:03:09.860 before the Toms show up and be like, beep-o-beep-o-beep,
00:03:12.180 it affects regular people.
00:03:14.060 You're the numbers guy.
00:03:15.400 So the party money, the fun money, the discretionary money,
00:03:17.640 the stripper money, the make-it-rain money,
00:03:19.520 when strippers are like, yeah, I only made $100 tonight or $50 tonight.
00:03:23.500 But, yeah, six months ago, dude, I took $1,000 home.
00:03:27.500 All right, when the strippers start feeling it, that's a problem. 1.00
00:03:30.920 because men, we're stupid with our money 1.00
00:03:33.180 a lot of times, right? Women are spending their money on makeup 1.00
00:03:35.200 and doing things like that. Men have discretionary 1.00
00:03:37.360 money. Bars, clubs, strippers, whatever. 0.89
00:03:40.140 So when they
00:03:41.080 start feeling it, that's a problem.
00:03:43.620 And based on my sources, credible sources,
00:03:45.860 the strippers haven't felt it yet.
00:03:47.100 Vinny.
00:03:47.500 I don't even know what to say.
00:03:50.800 He has to call Diamond right now and find out if Diamond
00:03:53.180 is not doing well.
00:03:55.580 So there you go. We'll see what happened here.
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