Economy & Business

Business news

Marketplace Tech for Wednesday, September 28, 2016

Sep 28, 2016

On today's show, we'll talk about Elon Musk's plans to move us to Mars; disapproval from German regulators' over Facebook's decision to harvest data on WhatsApp users; and Nissan's new fleet of self-driving...chairs. 

How one business brought back manufacturing jobs

Sep 27, 2016
Sabri Ben-Achour

If you want to find out how to bring manufacturing jobs back from Asia, one route might be to start with someone who’s done it. Matt Turpin is CEO of Zentech, an electronics manufacturer in Baltimore, Maryland. His company manufactures goods or components for other companies.

“We’ve brought back probably four projects in the past two years,” he said. There are “probably 30 people associated with those projects.”

The World Health Organization says 92 percent of the world's population breathes air containing pollutants exceeding WHO limits, in new research released Tuesday.

There are two "firsts" in the list of highest-paid comedians that was put out by Forbes on Tuesday: For the first time in a decade, someone other than Jerry Seinfeld tops the rankings; and a woman is in the top 10 for the first time, according to Forbes' tally.

A decade after Martin Cooper made the world's first public call from a portable phone in 1973, telephones were becoming truly mobile.

"It's still pretty rare to see someone using a telephone in a car. But it's about to become a lot more common." That's how NPR host Jim Angle introduced a piece on Nov. 5, 1983, titled "Cellular Phones Are Completely Mobile" — the earliest mention of the term found in NPR's archives.

Wells Fargo's board of directors is trying to determine whether to claw back pay for top executives in response to the scandal involving unauthorized customer accounts, The Wall Street Journal reported.

The Journal, citing a source familiar with the matter, said the bank wants to resolve the issue before CEO John Stumpf testifies before the House Financial Services Committee on Thursday.

A spokesman for the bank refused to confirm or deny the report.

It has been a common belief that low-emissions vehicles, like hybrids and electric cars, are more expensive than other choices. But a new study finds that when operating and maintenance costs are included in a vehicle's price, cleaner cars may actually be a better bet.

The cars and trucks we drive are responsible for about a fifth of greenhouse gas emissions in this country. That's why Jessika Trancik, an energy scientist at the Massachusetts Institute of Technology, decided it was time to take a closer look at vehicle emissions.

Ticker, ticker, on the wall...

Sep 27, 2016
Sabri Ben-Achour

Markets had their own opinions about the first presidential debate of 2016. 

The Mexican peso was up 2.1 percent, reflecting a belief that Hillary Clinton had prevailed. 

Financial markets chimed in as well.

“Equity markets rose in price after the debates,” said S&P Global Market Intelligence’s Sam Stovall. Pundits, he said, have taken this to mean that “the market viewed the outcome to be favorable to the Clinton camp.”

Millennials like city homes but not the high prices

Sep 27, 2016
Mark Garrison

There’s a widely held belief that millennials strongly prefer living in cities over the suburbs. Companies like GE and McDonald’s say they are shifting headquarters from suburban campuses to cities in large part to be more attractive to younger workers.

Don't call National Geographic 'stodgy'

Sep 27, 2016
Kai Ryssdal and Bridget Bodnar

Susan Goldberg is the editor-in-chief of National Geographic, only the 10th in the magazine’s history. Marketplace host Kai Ryssdal talkeds to her about the benefits of being a photo-heavy magazine in the age of Instagram, the partnership with 21st Century Fox and why the Atlas isn’t going anywhere.

On overcoming stereotypes one might have of a magazine founded in 1888:

Billionaire tech entrepreneur Elon Musk says his space transport company, SpaceX, will build a rocket system capable of bringing people to Mars and supporting a permanent city on the red planet.

"It's something we can do in our lifetimes," he said in a speech at the International Astronautical Congress in Guadalajara, Mexico that was streamed online and watched by more than 100,000 people. "You could go."

Elon Musk told us about his Mars plan 5 years ago

Sep 27, 2016
Kai Ryssdal

Tesla and SpaceX head Elon Musk held an event today talking about his vision for humanity as a "multiplanetary species."

He first told us about that plan, using that exact language, five years ago this summer. We were talking about SpaceX's rockets, and I asked about longer-term plans. Where should this country go in space?

Elon Musk wants us to form a civilization on Mars

Sep 27, 2016
Sarah Menendez

Elon Musk has another out-of-this-world idea: He wants to form a colony on Mars. The SpaceX and Tesla CEO spoke at the International Astronautical Congress in Guadalajara, Mexico, today about his plan to create a civilization on the Red Planet.

Trump versus Clinton on corporate taxes

Sep 27, 2016
Mariam Baksh

During Monday night’s debate, Donald Trump reminded us that  lowering the corporate tax rate is central to his plan to increase jobs.

“All you have to do is take a look at Carrier air conditioning in Indianapolis. They left — fired 1,400 people. They’re going to Mexico. So many hundreds and hundreds of companies are doing this,” he said in his opening statement.

There wasn't much talk of the minimum wage last night

Sep 27, 2016
Vincent Smith

In last night's presidential debate a lot of ground was covered, including the Trans-Pacific Partnership, Hillary Clinton's email scandal and Donald Trump's tax returns. But one thing noticeably missing from the discussion? Minimum wage. 

Trump did not mention it at all, and Clinton mentioned it just once in her opening statement: