35 Burst results for "Jack Stewart"
An Instagram account is exposing influencer inequality
"The. Hey. Inequality exists influences to from one instagram account is exposing it from American public media. This is marketplace tech. I'm Jack Stewart Info Molly would. How much you paid, it's always an awkward conversation to have but Edessa Ajayi is asking. Just that of social media influences they can have followings of tens or hundreds of thousands and companies will pay them for promotions, but a giant you started the instagram account influence a pay gap to highlight the fact that black influences routinely paid less than white influences, and that's even when they have similar numbers of followers or the same reach, the account lets people share stories anonymously and learn from other people's experiences about what is a fair payment for particular job or endorsements. JI- whose day job is managing influences at the talent agency AGM, so she's been collecting hundreds of stories. So, one of the most interesting ones actually was a campaign and influence of was participating in. This was a why influence. And she was approached lost minute. By a beauty brand with the expectation that she was going to replace a celebrity, so she was five K to be paid for that campaign. She turned up, but realized that the celebrity that apparently wasn't going to turn up. Actually did turn up, so there was no need for her. To be, and she was still paid that five k whereas a black. Who actually participated in the campaign with paid around one thousand, seven hundred, and it had nothing to do influence and following. It's one thing in a job where people get paid a salary, and you can be fairly transparent about it or at least four that transparency, but with influences where this kind of just not that overall body. There's not a union. There's really no way as there to dig in and figure out what these differences are really lets you hide things quite easily. One hundred percent especially as there are different parties involved you have the brands, but you have. Agencies and agencies are often given big budgets from brands or depending on the budget. Will be given the budget from abroad, and there's no level of transparency whereby you know if A. Brian gives an agency around ten K.. WHO's to save agency doesn't Call Five K for themselves and intentionally level influences. I think there were so many things at play here. There's so many people involved in different ways and each industry, each niche you know there are different behaviors that a lot more common within certain niches Bill for message. To Do? You work at a talent agency. Is there anything you can think of? The would help fix this problem? Is there a way to structure pay as their away for influences to work together a former union beyond what you're doing with? The implants pay gap instagram page I'm working hand in hand with a union that has actually been set up there working towards. Towards a opportunities for advocacy when it comes to influences in space and craters in general where people feel okay to discuss the ways in which they have been treated I think reinvigorating influences in the sense that where they feel a lot more confident and a lot more Hud you in the in the grand scheme of things is really important to me. Have you heard anything from brands either talking to you personally or speaking out publicly about the inequality issue? Yes, there are some black influences especially who kind of feel away about some of the Post that have been made by certain brands especially grinds that have a habit of picking and choosing what they like from black culture, completely ostracizing black influences from their campaigns and I think there is constantly right now. Accommodation around seeing black influences black creators as a worthy of a level of respect. You know it shouldn't be anything some shallow. Shallow because you're scared of any repercussions, what you hope changes as a result of this page and the work that you're doing I would really not for it to create a space whereby people feel like they can be on us and NATO behind and not only hard that that based upon the feedback brands will take steps to do what they should do so that's one thing I would also say just. The sense of community has been amazing, and just seeing influences help one another. I think you know sometimes they can be. An influence of with a million can feel so far fetched to maybe influence PUGH has five Cape on the page it. Brings people together an and gives them an understanding of what? Different spaces like and and the things that other people go through, and so I think from the page on that find. UGH, lovell, a kind of close knit way of people advocating for one enough it also required people to use that privilege and also use that insight to help one another, and I, and I think that is what has been really really amazing about the page and I think it will only continue to. Get even. In in that sense. Edessa Ajayi runs the instagram account. Influence a pay gap. She says there is actually a union in the UK now, and she's working with it to try and promote more
Apps like Robinhood make investing easier. Maybe too easy.
"APPs like Robin Hood of Made Stock Market, investing easier, but at what cost from American public media this is Marketplace Tech Jack Stewart in Hollywood. Maybe. You're one of the ten million plus people who've set up an account on the trading APP. Robin Hood the company's been in the news recently as people start to take a critical look at its business model. Robin hoods the highest profile example of APPs that say they're increasing access to the stock market by making trades free. Critics say their game `fine trading with psychological nudges and push notifications, which encouraged frequent and potentially risky trades. There are few controls or limits for what could be inexperienced users in June. Twenty year old Alex, Kerns killed himself after he logged onto Robin Hood and saw what he thought was a negative seven hundred thirty thousand dollar balance Professor Vicki Bogan founder of Cornell University's Institute for Behavioral and household. Finance researches the psychology of investing. Being able to trade online is nothing new, but beyond just the. Marginal incremental convenience of having on your phone versus on your laptop. Something about some of these, APPS is that they're designed to encourage people to trade and to trade more. because. It's part of their business model. They make more money when people make more trades, and so you know when you make a trade, there's confetti in congratulations that are encouraging people to trade more, so it's beyond just the reduction in transaction 'cause it's also the way the APPS are structured to nudge people to participate more and to trade more. So I suspect what these platforms would argue is that they're just making it easier for people to access the stock market and build wealth in the way. The wealthy people have always been able to do. Is that a fair argument? Yeah, I'm very sympathetic to that argument. I actually on some level. I agree that it's always a good thing to give. Households have access to financial markets. You're exactly right in that. Participating in the stock market is. With a long term investment horizon is a way that people. Can and have been able to build wealth. But these ads cannot exist in an unregulated unchecked environment. What sort of protections would you like to see? There are a lot of things. But. The person that can Pinatubo aside as a result of seeing this negative balance was only twenty years old. And so this is a person that can't. Buy Alcohol and can trade options in a way that could get him in very serious financial leverage. And so in the same way there were some guidelines protections with the credit card act in two thousand nine limiting access for young adults with credit card to credit cards. I think we need to think about some of those types of protections as well. That's freaky Bogan. Cornell University after Alex Kuhn's death Robin Hood released a statement saying it might restrict more complicated trades from some customers with checks to make sure they know what they're risking with options trading in particular.
"jack stewart" Discussed on KQED Radio
"Closed since March eighteenth market places Jack Stewart has more Macy says it's already done what it can financially like drawing down from its line of credit and suspending dividend payments now it has to reduce its workforce Joe Barnes and AlixPartners says expects other department stores to follow suit and also ask for things like rent deferrals as we roll over into a new month and payments of Jews this is the week that will begin to see some of those announcements start to come out either formally or informally the digital side of Macy's business will remain open including its distribution in call centers the knees down hall for the conference board says a lot of big retailers are already trying to sell this season's closed so the discount online much of the merchandise is sitting in stores now so when stores old re open there will be older merchandise that retailers want to clear Macy says it's followed employees will get health insurance through may and that it hopes to bring people back on a staggered basis as soon as it's able to resume business objects Europe for marketplace the workers walked off the job yesterday at an Amazon warehouse in New York Staten Island amid coronavirus safety concerns it's emerged that the retailer has now fired the employee you organize that work action marketplaces and yours following this Andy what's the former employee an Amazon thing so Chris Smalls an Amazon fulfillment center employee New York said the company fired him last night after he led the strike he told Bloomberg TV the because he quoted tried to stand up for something that's right the company decided to retaliate against them Amazon concert confirmed that it fired Smalls but said it was due to his lack of the corona virus safety regulations okay violating those that's what they say and we're seeing pushback elsewhere in the company something later today some staff at Amazon owned whole foods around the country plan to call in sick to demand the grocer pay hazard pay or double the current hourly wages along with other health prevented protections that's what the whole foods employee that I spoke with here in Austin said there were murmurings of that planned strike the quote just speculation and that there hasn't been any word from higher ups is what she told me number Amazon there is an opportunity to be seen as a crucial resource in an emergency here sure it's a it's a challenging one without a doubt Eric McNulty an expert in crisis manta leadership at Harvard told the Financial Times that answer could be a hero we're could end up the villain if they wind up putting people in harm's way no Jeff Bezos decided a few weeks ago that only essential goods that's medical supplies and other household staples will be allowed into its warehouses that's why some customers are seeing such long wait times on the orders any thank you there are just a few more hours until the end of the accounting quarter in those quarterly investment statements will in many cases reflect the worst performance since the great financial crisis of two thousand eight with one trading day left in this quarter the S. and P. five hundred a widely held stock index is down nineteen point three percent the Chinese government today said factories rebounded strongly in March as things re opened there after the corona virus shut down the key stock index in Hong Kong went up one point nine percent today here the S. and P. future is little changed marketplace morning report is supported by TD Ameritrade everything's customizable these days and trading platforms can be too with thinkorswim investors can customize screeners charting and stock forecasts learn more at TD Ameritrade dot com slash think or swim member SIPC Enviva town working with farmers and.
Theres no driving test for self-driving cars only metrics and reports from California
"There's no widespread standard for measuring how autonomous cars are performing for the most part we have to rely on what self driving car companies. Tell us or news about accidents or fatalities. California's Department of motor vehicles. Has something called a disengagement report companies have to tell the state how many times a human had to take over? Driving a fully autonomous vehicle. That report came out last week. But it only records data for cars in California and the companies themselves say. The metrics are inaccurate and misleading. Let's dig into this and quality assurance segment where we take a deeper look at big tech story. Jack Stewart covers transportation for marketplace. I asked him what the problem is with. The California metrics say a company rose out a brand new sort of build their software and testing that in California. Because it's near the headquarters that software could be extra bogey at the beginning and you could see a bunch of disengagements but that same company could be running a commercial service in somewhere like Arizona where they don't have to collect these reports that service could be running super smoothly. So you don't really get a picture of a company's overall performance just by looking at this one really tight little metric it was a it was a nice idea of California some years ago to start collecting some information. But it's not really doing what it was originally intended to do nowadays fair but doesn't it seem like we should at least be able to say you have to have achieved a certain technological competency in order to get permission to operate your vehicle completely automatically yet a driving test the same sort of thing that we have to give humans would be one way of doing that? Put these robots through a test. If if I have to prove that I'm capable of not hitting the car in front of an obeying speed signs. Then maybe we could come up with something similar. Robots doesn't necessarily have to be on the roads. There's ways to do these sort of things through simulation as well that could be really effective and you could run through a whole bunch of scenarios really quickly in simulation and prove effectiveness before these vehicles are put on what are ultimately public streets interacting with members of the public. This seems like a super good idea that we have come up with here. Is anyone working towards something like this? There are companies that are working towards a sort of test and in a way of providing a baseline. But it's not something that really anybody is pushing really hard at the moment. Would it be helpful to have federal regulations or a federal set of standards and metrics around? You know autonomous car performance. I think if you ask the companies that they would say the federal oversight would be more useful than state oversight. Because they definitely don't want a patchwork of regulations but at the same time. They're hardly clamoring for extra oversights at the moment so I don't think you would find anybody saying yes. We want the the feds come in and start limiting what we're doing. I want to ask you about a topic. Which is that way. Mo has raised two and a quarter billion dollars a lot of money and the first time that it's gone outside of the parent company Alphabet to raise money. Is this a sign that does a company that basically costs so much that it needs more than one parent? Tim Needed to go dual income run and it is different topic but he's also related because it. I think it's kind of a sign of who is perhaps a leader in this race. Waymo is often cold the leader in this race. And you've got to imagine that these investors these corporate investors have done a lot of due diligence into the progress in this field and researched all these companies very comprehensively before putting up such a lot of money so it is a sign that you know maybe Waymo is doing what some people perceive as good work. It is also a sign of just. How much money cost to do this development and we still haven't seen any sort of commercial service that makes money so waymo is finally running a service with passengers with paying passengers in the Phoenix area of Arizona but it's a very very limited trial. It's not the sort of thing that's making prophets yet so it's still a case of everybody's investing because this is seen as one of the futures for the auto industry but it's GonNa take a lot of money before it starts making money right so this brings me back to metrics because it is really interesting. What do investors look at? When they're trying to determine the health of one of these companies or the or the prowess. Yeah I imagine they get as much information as they possibly can about the performance of the software which is what it all comes down to the end of the day. It's not really about the vehicle. These vehicles are quite often. Just quite standard vehicles minivans and things. It's not really about the sensors they're things that can be relatively bought off the shelf and more and more so These days there are just a few companies that you can go to pick up the hardware that you need. So it's the software and it's how many miles that software has driven both in simulation and on real roads without any incident. So you can look at metrics like the number of miles driven between disengagements might show you the progress of an individual company. It might not be a good way to compare across companies if they have different policies but perhaps a company could present it and say look. You know we're doing so much better. The robot owning needs a human to take over once every thousand. Two thousand ten thousand miles. And then you're starting to get a system. That's pretty
How disinformation on YouTube gets into your watch next queue
"You guys know not to trust everything you see on the Internet right but it is so hard to tell. Sometimes when information is being served to us should platforms. I do more from American public media. This is marketplace tech demystifying the digital economy. I'm Jack Stewart in Hollywood in an in-depth report last this month looked at climate disinformation online and it found that youtube was spreading videos. Like this one through its recommendation or watch next algorithms. The science is not settled. The debate is not over. The climate is always changing. It always has and always will like many of these videos. This is slick and Professional. It seems credible. Not only these videos popping up to the very top of watch next cues of Youtube billions of uses but the wrapped in regular ads from big name companies who are therefore unwittingly funding. This misinformation David Roberts at Vox wrote about the problems is youtube faces and deciding how to police these videos you know. It's a really difficult dilemma. Youtube isn't it. I mean it's entirely possible. That youtube will submit to this pressure. Sure and go remove these particular videos but once it opens the door to saying if you identify something incorrect on our recite. We'll take it down. I mean there are billions of videos floating out there in so youtube doesn't WanNa get pulled into a cycle where where it's devoting more and more and more and more resources to policing on what isn't isn't true and what isn't isn't okay in decent. It's really hard to say how it's all gonna how it's all going to shake out. So how much control does youtube have these videos and over the ads that appear next on them. Well I mean on one sense if you take a step back obviously it has all the control in the world. It's a private company. It's a it's a private business model. It can do whatever it wants. There are two questions of how much work it wants to put in. And what kind of stands does it want to take. And what kind of controversies does it want to get involved in so it absolutely really could go through videos that are about climate change individually assess them but there's no way that for an algorithm to tell whether there's someone is talking about co two sensibly so it's a manual thing and that's part of why. Youtube has resisted getting. Pulled into these controversies because there's no way around. Just some poor human being going and watching them all and picking out which ones are are true from false is exclusively a problem. Lim here that is related to climate change and misinformation around. That's all have we seen. It would say vaccine anti vaccine videos. The you'll find the most misinformation around topics that are the most sort of heated and controversial and closest to sort of the center of America's can ongoing culture culture war. So I would even say it like. In terms of volume. Climate misinformation is probably a relatively low percentage is probably a lot more about vaccines which people care about or about the wall on the border or or you know how many votes trump got like all these sort of things which are much more current and heated so no. This is absolutely ubiquitous. Systemic problem for Youtube. It's not some unique problem just facing climate videos. What about the companies companies that are having ads placed next to some of these videos that may not align with the corporate beliefs. They clamoring for something to be done. Well they they are clamoring a little bit you know when they found out as I said to a lot of it was absolutely news news to them that their ads were appearing in these videos and and win with they were told. They are now clamoring for Youtube to take their ads out of these particular videos. But you know this just runs into the same problem. which is this sort of two contrasting incentives to the companies want their ads to play as wide as possible? And they don't want to get in the business of individually individually approving each video that their ads goes into right like that's just an endless swamp of work and same for Youtube so there's gotta be some balance. He's here between Algorithm mic just allowing the algorithm to do it and then occasionally intervening in particularly egregious cases. There's just no one knows where that line is so so if I really wanted to put my mind to it I'm sure I could take Johnson and Johnson ad and track down everywhere. It's appeared on Youtube and I could find a lot more than climate ended misinformation. I could find plenty of other offensive or unpleasant videos. I'm sure that it's appeared in because the algorithms just throwing it everywhere and Johnson and Johnson and I'm sure would object to a lot of those but but like what's the final Answer here I mean. There's no real final answer. There's just this push and pull between these sort of automatic algorithms and someone using human judgment. That's David Roberts at Vox. I'm Jack Stewart and that's marketplace tech and now for some related links. David Robert Story goes into some fantastic detail about why we all seem so susceptible to mess and this information no matter how small we think we are. He goes deep into the psychology of fast and slow thinking or gut reactions versus reasoning. He also writes about the difficult physician that social media platforms find themselves in. They don't want to be perceived as biased and they don't want want to be the gatekeepers deciding what is information and what is falsehood. We've also got a link to the original reporting into this from Vase Vera self-proclaimed Global Web movement meant to empower people to take action on pressing issues. Really interesting stuff. I'm only cute to the original text of the letter from Democratic Congresswoman. Cathy Kostov which Kohl on Youtube to stop including any climate misinformation in its recommendation algorithms. She is chair of the. US House Select Committee on the climate crisis. She's asking the platform to label these videos as borderline content. That is something that Youtube has been able to do before with anti vaccine videos which stops them being monetize with adverts from companies that may not want to be associated with that content. The letter asks for a reply from Sunday Pichai CEO of Alphabet by today day Friday. So I guess we'll
Global shipping has been hit by the coronavirus. Now goods are getting stranded
"Begin today with an Oldie but a goodie the stock market it is sometimes said is not the economy and the economy is not the stock market. That is true but it's also true that those two things are related distant cousins maybe a time or two removed sorghum about to. It should be taken with that in mind. There was a general sigh of relief to be heard today and stocks pretty much worldwide Asia to Europe to Wall Street based find enlarge on a couple of things relief that the corona virus might and. I'm stressing might here not be as bad as had been predicted. Oil was up as well. That's a good sign for the global economy. If not necessarily for drivers there was a bounce in American manufacturing last month. I think we told you about that yesterday. Also a good sign so insert once again Dan. The caveat here a sigh of relief might be warranted. But that said much as when you get sick with a regular bug the drag from Corona virus. Assuming it's not going to be as bad as we had feared is still going to be with us for a while exhibit all those flights to and from China that have been cancelled in some cases for months. Yes that means people can't get there or out of there also cargo because the bellies of those planes don't fly empty marketplace's Jack Stewart gets is going. There are many people flying in and out of China right now don't erodes embry riddle. Aeronautical University says that means less capacity for crates and Palettes too to what most people probably don't think about it. This is a sizable portion of the air. Freight actually comes in the belly of an aircraft. So it's in that section it most passengers think is where all their luggage is. Depending on the plane a flight can carry the equivalent of two semi trucks worth of cargo according to figures from Iota the International Ah Transport Association. Globally cargo generates nine percent of airline revenues or more than twice that first class tickets. Jesse Cohen an air cargo. Go in freight transportation consultant says for flights from China. That can sometimes be even higher a really good passenger flight. You might see fifteen to twenty percent of the revenue being generated by cargo. Some of that money comes from businesses that sell perishable goods like food and flowers which need need rapid shipping but Cohen says high-value products like laptops and cell phones are also worth paying the extra descend by. So they're not tied up at sea and can get to market doc it quickly. A lot of your electrons. Higher intellect tonics manufactured in China assembled in China and shipped over by air cargo about one third of cargo who is transported on passenger planes. The rest goes on freight only flights and they are still operating to China new Fedex. UPS wanted to do an interview but both said that following federal guidance and giving advice to crew on how to stay safe there is one type of Shipman that hasn't seen a downturn says Eric coolish the Kogo editor editor at freight waves. You're seeing medical supplies going in a whether it's masks or gowns or other relief supplies when he says the economic effects of flight. Suspensions are not as bad as they might have been. It is after the busy holiday shopping season in the US and the Chinese New Year holiday means factory output would have been lower right now anyway reducing demand for shipping of all types. I'm Jack Stewart for Marketplace
Is the highly engineered Nike Vaporfly just a shoe?
"If it saves energy and gives your performance boosts. When is a shoe justice shoe from American public media. This is marketplace tech demystifying. The digital economy. I'm Jack Stewart Info. Molly would well athletics. The governing body for track and field set to announce whether it will ban certain types of shoes in particular Nike's McKee's vapor fly. Shoes have been prominently on the feet of athletes responsible for tumbling race records. Recently Nike claims the two hundred fifty dollar sneakers is showing up to four percent of run time so his that technology doping. We got a hold of in hunter professor of exit signs at Brigham Young on university as he was widsom athletes training at. Byu's indoor track. He told us the shoes. Work by combining foam in the soul with a carbon fiber plate. I think the plate mostly allows for some structure of the shoe. So if that plane wasn't there and you have a forty four millimeter High off the ground. That's just fall and you try running around a corner that's just gonNA collapse on you. So that the play the hang mainly give structure to the shoe but it does give a small benefit in terms of energy costs. Combine that with now you can do. Higher Foam can hold everything together with the plate. And you've got a really good pushing pushing into the ground. Big Displacement of the foot while interacts with the ground and then pushes off really effectively so it quite literally puts a spring in your step. Yeah it it's not a coiled spring like we're used to but any foam Israeli spring. This one's just really effective at it. But where's the line. That's what the question it has now and I think these are either at the line where I'd feel comfortable or a little bit beyond so you're saying that that could still be some innovation allowed in shoes going to say everybody must wear the same type of shoe but there must be a limit to it. Yeah I think it's wonderful to have the innovation and what Nike's done propelled other other companies to catch up and they will catch up so we could have the standard for marathoning or road. Racing is chew like the vapor fly but then Nike or someone will go a little further with it and will end up with like sixty millimeter foam and enough carbon-fiber called the structure of at seic dot collapsing lapsing. But it'll just continue on and at some point. The rules need to just standardize. Here's what a shoe is the price of these shoes to US amateurs. There seems incredibly high. Is it sort of what you would expect for. A top of the line running shoe. Yeah when I say. Two hundred fifty dollars for a pair of shoes. The the Nike has mentioned probably will last year about ninety miles before. It's losing some of its effectiveness. That is getting to the point. Faina not outrageous but people are going to be restricted by the cost of it. And I'll be looking for cheaper options. If New Balance Salkin the others start competing with the same quality and performance of shoe and are charging one hundred fifty. Nike's GonNa have to start dropping. Their cost costs down sides. Just the natural. How Marketing Works and an. It'll all come to an equilibrium over time. I remember reading about the advantages that some forms official legs could give runners potentially over runs with like natural born legs. I mean are we just reaching a point. Where kind of sport is hot engineering. It is an I and I think it should be but they have to be some restrictions to how far you go. We don't want people to be tempted to amputate their lower legs so they can go from. A. To fifteen marathoner to two. Oh five marathoner. Our legs aren't built just for running their built for climbing and swimming and jumping and all kinds of activities already. So if you tune the leg to be tune just for running they'll be great at running but not good other things and that that's where you could go if you didn't have rules established given that these shoes do kind of have a limited life. Do Athletes Train them and actually run in them in races or do you sort of hold them off for the performance boost when you really need. If they're sponsored by Nike. They'll do all of their race pace work in those shoes but if they're are buying their own shoes what I typically see is they buy the pair do maybe two workouts in them before the race so they probably have about fifteen to twenty twenty miles on them and then they do the race and then they'll maybe workout in those swans but by a new pair before the next race they do a not sufficient. Someone I'm on cares about saving a couple minutes on a marathon time. I think it somewhere around one or two minutes the benefit that most would get from this to the price of progress. I guess in Hunter who works with USA Track and field
'Do Not Sell My Info': U.S. retailers rush to comply with California privacy law
"On January first Wednesday the California consumer privacy act or CCPA goes into effect it's a California data privacy law yes but some companies plan to apply their new policies nationwide the law lets people opt out of the sale of their personal information but businesses are still trying to figure out exactly what that means and how to implement it market place's Jack Stewart has more of its most basic the CCPA says companies have to show you all the data they collect on you for free twice a year if you are asked you can request they not sell it or even to liters Marista Ross of the electronic privacy information center is one of the authors of the law its basis is transparency so I as a Californian can go to any business and say what do you know about me what do you know about my devices and what do you know about my children business is the report Dave only had a few months to figure out how to deal with those requests and they're finding it tough Sir John because with the law firm Dickinson right she says she gets questions from clients about whether they need a web form or if they have to read a privacy notice before phone conversations I'm working with probably over a hundred and fifty to two hundred companies just on this issue I get weird questions day in and day out the law applies to big companies with at least twenty five million dollars in revenue but also those that have information on over fifty thousand customers and that could mean small firms with things like email sign up lists and upping
EV sales might accelerate in 2020. Maybe.
"New Decade is almost upon us. Which means this week. We're going to talk about what to expect from the Tech World in twenty twenty today today. Let's kick the tires pun intended on the transportation tack that seems prepared to go big in two thousand twenty electric vehicles now. Obviously Oh yes. This tech has been around a while but at least here in the US the market hasn't had its boom and there hasn't been much mainstream competition to Tesla but this could be the year that ABC's finally go big time. Jack Stewart covers transportation for marketplace. Full disclosure he is also text favorite. Ev enthusiast. I asked him whether twenty twenty will be the year of the electric car. Twenty nine hundred just felt like a really big year for electric vehicles We had four for example showing off its latest Mustang Mustang Mach e and just the fact that this big mainstream manufacturer made that big splashy unveil at the La auto show and it was an electric car and borrowed wrote that big muscle car brand which is really going to annoy a few muscle car. Fans just really made me feel that. Maybe this is people starting to take this really seriously sleet sort of Tesla threat is now sort of rearing its head in a way that mainstream manufacturers are taking notice of. Ev sales are still hovering around the two percent percent mark of the market in the US. So not a lot and they're not gonNA tip up massively from that. In twenty twenty I think we will see some momentum awesome in the sort of the increased direction. What are the missing pieces to go from kind of tipping point to mainstream go mainstream. I guess these costs have to be suitable for everybody so to get electric vehicles into everybody's dry way you have to build electric vehicles that people want to buy and want to drive but of course everybody wants the the option to use their vehicle however they want to use it and that means going on a road trip twice a year and so they've got to be capable of doing that so that do need to be networks for people apple to charge. That's one of the really clever things that Tesla did and perhaps one of the unappreciated things about companies. They built out a network of superchargers. These high-speed Battery Charges Ages. That can give you kind of up to eighty percent of your battery back in forty minutes thirty minutes. Sometimes even and they've built out across the country but they're only for Tesla drivers is to use and that makes those caused that much more compelling or mostly talking vs and we're not talking that much about Thomas cars. Do you think that the reverse tipping point happened in two thousand nine hundred where we realize like That technology is way harder than we thought. Were just chugging along somewhat slowly. Yeah I think absolutely right. We've sort of reached the trough of disillusionment point of the hype cycle. That people talk about when they talk about these technology companies particularly coming out of Silicon Valley. Just realizing this is a much harder problem to crack Iraq than they thought. It was still optimistic. They will crack it. But we're just hearing a lot now about companies that are having to form partnerships for investment into autonomous vehicles because because it's so expensive to go it alone and it's such a big risk to go it alone so that is
Tesla set to begin deliveries of China-made Model 3 cars on Dec. 30
"Is set to start delivering cars made at its new factory in China on Monday with the very first models going to employees Tesla only started building building. What it calls gigafactory three about a year ago? That speed tells you something about how important car sales in China are and not just to Tesla. As marketplace's marketplace's Jack Stewart reports carmakers are competing for a bigger slice of the world's largest
Boeing will suspend 737 Max production in January
"The Boeing seven thirty-seven Max has first of all and foremost killed three hundred and forty six people. It's been grounded worldwide since March. Those are relevant facts. It's also relevant that this specific model that crashed stretches almost one hundred and thirty feet nose to tail one hundred seventeen feet wingtip to wingtip so reports that began circulating yesterday and confirmed this afternoon by the company that it's going to suspend production of the Max come January in part for one of a place to park them is not entirely surprising. What is to some degree agree? Surprising is the Boeing has been still making them all this. While marketplace's Jack Stewart among other things on the transportation desk. He's also right here with me in the studio did talk about the story Jack so they have been making this plain old time. It's been like March since it was grounded. It's kind of incredible and they've been putting out forty two of these planes per month so you can walk out somewhere around four hundred odd planes that they've had to find a place to park basically so that's mostly around their facilities in Washington and you can see if you go online. Some amazing satellite like pictures of these planes lined up in the employee. Parking lot wingtip to wingtip and at a point where you just have to say enough's enough and I guess they're reaching that point now in that figuring out that perhaps it's time to suspend this production. How big a deal is this? It could be a really big deal. It depends on how long it goes on for. But but if you think about all the suppliers the supply chain Boeing has that stretches around the world to make these Achraf. It's huge. We're talking sort of six hundred suppliers and that's just the first here and then hundreds more subcontractors sub-suppliers onto that so the implications of stopping production could really kind of like rip Kalana an affect a lot of people. We should say terms of passengers. This decision that that Boeing is thinking about net net no net effect on passengers right because the planes already data circulation right. I mean the lines of had to deal with the the fact that they haven't been able to fly this plane since March since it was grounded. So they're already operating sort of in the in worst-case scenario they've put all of these procedures in place. They've redone their schedules. They've least in planes they they have ways of getting around this and they're already saying that they're not. I'm not expecting to see this plane back in service until well into the first quarter or so of next year so likely no huge impact on passengers right away at least who gets to decide when this thing flies again well the FAA ultimately is the body that will certify whether this claim is safe and they are going quite slow on this. They're really being being very deliberate on putting this plane back into service. And that's possibly because they faced a fair amount of criticism of design for being too cozy with Boeing in the initial certification process. And this plane basically has redesigned flight control software To to compensate for the fact that it has larger engines and all all this was supposed to make it very similar to fly to previous planes but in fact it turns out that that flight control software is now what's being looked at as the cause of these fatal crashes and it's taking longer and longer than everybody expected to put the plane back into service you know For Boeing I think perhaps continuing production of this aircraft was partly arose tinted glasses. Someone told me they thought that it could actually go back into service very quickly. But it's also just a show of confidence. They are basically saying by continuing production action for this long. They think that the fix will be simple. These planes will be. Were fairly soon speaking of confidence. You're a flyer right you you you travel the the skyways as it were right so if and when this plane comes back online talk to me about the consumer confidence problem when the captain comes on and says Ladies and gentlemen welcome aboard thirty seven Max. That's the big issue for the Airlines is that they're ultimately the the body either passengers sort of see as the operators of these aircraft. And they've got to be convinced Vince. That's safe and then they've got to convince passes that they're safe. And I think probably the longer this takes. Maybe the more confidence that we can have the you know. This is being very well. A sort inspected. And we'll be okay flying these planes marketplace Jack Stewart on transportation. And the Boeing Story. Today thank you thank you
Tesla’s Cybertruck Tries to Make a Dent in a Tough Market
"If you're driving right now around at the other vehicles on the road mostly big big pickup trucks and SUV's I'm guessing combined. They now account for nearly seventy percent of the market but while American cars face a lot of competition from Europe in Asia the pickup market is still dominated by Detroit which could make it tough for Tesla muscle in with its new. Cyber Track Marketplace's Jack Stewart reports reports. Ford sold over a million F series pickups globally last year. They've been America's best selling vehicle of any type for more than forty years but there is a new challenger. enger welcome to this truck unveil. Musk tweeted the two hundred and fifty thousand people have already put down. A one hundred dollar deposit for Tesla's cyber truck best description. I've heard of it an angry looking triangle he pitted it against the Ford F.. One fifty and comparisons at the launch last week week trucks have been the same for a very long time like one hundred years and people are cool with that. Trucks are large and growing parts of the US vehicle market says Tom Libya IHS market. We've seen a major gain over the last ten years it's about fourteen to fourteen and a half percent of the market now. Iron BRAGMAN IS DETROIT. Bureau chief of QASR DOT Com. He says Ford Chevrolet and Ram Dominate Sales. They have strong brand loyalty and they are knocking to give that up the proper pickup trucks trucks are massive and we're seeing the actual average transaction prices now climbing above fifty thousand dollars other than Toyota which sold two hundred thousand Tacoma's last year competitors. I am not making much headway but says Jake Fisher director of Oto testing consumer reports. They're not really playing to win. While turtle may be taking the camera camry very seriously and their their cars seriously. I think it really comes down to the domestic. They're taking their truck seriously. That's where they're putting the technology into technology. Yeah of course is Tesla's biggest selling point. It's hoping that's enough to make a dent. I'm Jack Straw.
"jack stewart" Discussed on KQED Radio
"Car service app uber is down seven and a half percent now revenues are up fine but the company late yesterday reported the opposite of a profit for last quarter a loss of more than a billion dollars market place's Erica Barris's online Erica what do these numbers tell us well in a lot of ways this wasn't a surprise we were last same amount in the first quarter of this year and lost even more last quarter five point two billion so this was better than expected but still a loss of more than a billion dollars this comes six months after the company released its I PO first offering stock what's the company saying about the road ahead uber CEO said yesterday that the company sees profitability coming in two years and twenty twenty one and some ways out driving growth for the company on technology rather than discounting one example is shifting away from shared rights like uber pool to having users wait longer or having them walk to a pick up location and the company expects that pricing for it delivery birth second biggest business after ride sharing will increase Tom white an analyst at the A. Davidson says with uber needs to do is also what its rival left needs to do sort of a holy grail for these businesses is really to find a way to differentiate with consumers and create loyalty and and repeat usage he says it's unclear so how exactly those companies will be able to do that market place's Erica veris thank you were also covering the record high for the Dow Jones industrial average yesterday the first since July two they were back under that P. the Dow is up four points as a B. five hundred down two tenths percent the nasdaq composite down not quite six points the benchmark ten year interest rate is up I would say sharply at one point eight seven percent apple with those phones computers TV streaming and that affordable housing yesterday I made a two and a half billion dollar pledges a joint with other big tech companies looking for ways to ease the enormous cost of finding a place to live in California here's market place's Jack Stewart apple's money joins a billion each from Facebook and alphabets Google's parent company so here's a two men from the council of large public housing authorities says these amounts are a crucial recognition of the importance of housing to both communities and corporations but even more is needed my candid assessment would be a day late and a dollar short in terms of order of magnitude I would say it's an important starting point she says public housing in the U. S. needs an injection of between fifty and seventy billion dollars and is a national shortage of seven million homes for very low income renters says Andrew are on the from the national low income housing coalition it's great to see companies like apple making investments like this because it's so desperately needed in the end what we need our federal resources he says not every part of the country has a rich companies that can make investments in local housing I gesture for.
U.S. consumer confidence falls but only slightly despite trade fight
"In in is experiencing. I'm gonna limited term contract. I work so it stable in a sense. I know when the contract will end so does that impact the way that you think about how the economy at the moment and how much you want to spend versus say for example because i feel like i can't spend as much because i don't know when i'll have a job after according to today's survey though for now that level of insecurity is the exception not the norm. I'm jack stewart for marketplace.
Are new electric vehicle models real competition for Tesla?
"This marketplace podcast is brought to you by scout. The world's leader in service assurance and security for data centers cloud five g. and more net scouts visibility without borders allows issue to see things others can't get a clearer picture at net scout dot com and by smart water smart water is on a mission dad fresh thinking to the world. That's why they created. Two new ways is to hydrate smart water alkaline with nine plus p. h. Helps keep you hydrated while you're on the move and smart water antioxidant with added selenium helps you find balance for your body and mind and now you can order smart water by saying alexa order smart water yourself will thank yourself smart water. That's pretty smart. Do people want to buy electric causes is or do they just want to buy tesla's. This is marketplace tech. Demystifying the digital economy on jack stewart in from hollywood tesla still swings wildly between between profits and losses from quarter to quarter but sales of it's more affordable model. Three sedan are strong. It was western europe's bestselling battery in the first half off of twenty nine thousand nine hundred and in the u._s. Outselling luxury gas-powered competition from b._m._w. Mercedes audi and lexus and for a few years now journalists elissa cover transportation like me have been watching to see if this is the time electric cars of finally set to become a major part of the market tesla is still pretty specialist really so will either be available on every lot chelsea sexton's a longtime e._v. consultant. She's been deeply involved in this world l. since the radical general motors e._v. one came out in nineteen ninety-six so we thought we check in with her and ask are the mainstream manufacturers taking e._v. Seriously we are seeing some things starting to happen. Certainly more models are are starting to be introduced at the same time. Sales aren't hockey stick growing the way that certain folks would have a uh-huh hoped an assume they would electric cars are basically compelled by three regulations around the world cafe standards in the u._s. The california's air mission mandate and c._o. Two standards words in europe china's going all electric too but sort of an island in market at the moment not that much cross pollination so automakers are all sort of getting ready to do electric cars and accepting it is something they're going to have to do but not terribly excited about it and the more they can be allowed to delay many of them still will it feels like this is an exciting time time for it feels like i'm seeing more marketed and on the roads and what's actually happening. Odd brands bringing cost to market. There are a few more that just hit that everyone's been really excited. What about it's been kind of the year of the mostly premium but but smallish s._u._v. category that the jaguar i pace the audi e tron and even in the in the more konami brands the hundai kona and the kea niro all of which are in sort of this small to medium size s._u._v. category so it's a category that folks.
"jack stewart" Discussed on KQED Radio
"Twenty ninth July is always to have you along with everybody word as we begin today one single word that is being thrown around a lot in economic analysis and reporting of late and as such needs a little splaine recession of course recession never a pleasant thing but one part of a reasonably predictable economic cycle but it occurred does the other day that for a whole lot of people there only experience with an economy in decline is the Great Recession the fact is that is not what most economic slowdowns or like marketplace Jack Stewart starts us off many people in their twenties and thirties of grown up with the repercussions of the Great Recession of a decade ago see it into their memories Rodney Duncan from Los Angeles is twenty four I do remember while I was in school a lot of people were losing houses everywhere people losing their jobs I remember my uncle he used to work at the hospital and he tell me are these two hundred people lost their job their that recession was a particularly bad one the subprime mortgage crisis led to repossessions implementing house prices some of the US is biggest banks needed bailouts the stock market dropped white to thousands of people's four oh one K. savings so yeah something to worry about it's very natural that the word recession makes us very nervous that's when I was your damn is director of economic research at the conference board we often say every recession is different although we sessions themselves Rick karr and have common sequences so just because we had a very deep recession in two thousand eight doesn't necessarily mean the next recession will be like that summer actually quite brief and then not old as violent as the Great Recession that defined as a period when the economy stops growing and start shrinking one measure of that is when the gross domestic product declines for six months in a row but economists look at retail sales incomes and employment to measures that Sarah come in and Lenore Sanchez can relate to having seen layoffs at work in the last recession you know what to do what do you do I think a lot of people would like that about ice spend wisely.
"jack stewart" Discussed on 90.3 KAZU
"Ninth July is always to have you along with everybody word as we begin today one single word that is being thrown around a lot in economic analysis and reporting of late and as such needles plane recession of course recession never a pleasant thing but one part of a reasonably predictable economic cycle but it occurred as the other day that for a whole lot of people there only experience with an economy in decline is the Great Recession the fact is that is not what most economic slowdowns or like marketplace Jack Stewart starts us off many people in their twenties and thirties of grown up with the repercussions of the Great Recession of a decade ago seared into them memories Rodney Duncan from Los Angeles is twenty four I do remember while I was in school a lot of people were losing houses everywhere people losing their jobs I remember my uncle he so I got the hospital and he tell me are these two hundred people lost a job there that recession was a particularly bad one the subprime mortgage crisis led to repossessions implementing house prices some of the U. S. his biggest banks needed bailouts the stock market dropped white to thousands of people's four oh one K. savings so yeah something to worry about it's very natural that the word recession makes us very nervous that's when I was with them is director of economic research at the conference board we often say every recession is different although restrictions themselves Rick karr and have common sequences so just because we had a very deep recession in two thousand eight doesn't necessarily mean the next recession will be like that summer actually quite brief and then not old as violent as the Great Recession that defined as a period when the economy stops growing and stop shrinking one measure of that is when the gross domestic product declines for six months in a row but economists look at retail sales incomes and employment to measures that Sarah Cohen and Lenore Sanchez can relate to having seen layoffs at work in the last recession we've been through the fall or we know what to do what do you do I think a lot of people would like that a vice spend.
"jack stewart" Discussed on KQED Radio
"Is always to have you along with everybody word as we begin today one single word that is being thrown around a lot in economic analysis and reporting of late and as such needs a little splaine recession of course recession never a pleasant thing but one part of a reasonably predictable economic cycle but it occurred does the other day that for a whole lot of people there only experience with an economy in decline is the Great Recession the fact is that is not what most economic slowdowns or like marketplace Jack Stewart starts us off many people in their twenties and thirties of grown up with the repercussions of the Great Recession of a decade ago see it into them memories Rodney Duncan from Los Angeles is twenty four I do remember while I was in school a lot of people were losing houses everywhere people losing their jobs I remember my uncle he used to work at the hospital and he tell me are these two hundred people lost a job there that recession was a particularly bad one the subprime mortgage crisis led to repossessions implementing house prices some of the US is biggest banks needed bailouts the stock market dropped white to thousands of people's four oh one K. savings so yeah something to worry about it's very natural that the word recession makes us very nervous that's when I was with them is director of economic research at the conference board we often say every recession is different although we sessions themselves Rick karr and have common sequences so just because we had a very deep recession in two thousand eight doesn't necessarily mean the next recession will be like that some are actually quite brief and then not old as violent as the Great Recession that defined as a period when the economy stops growing and start shrinking one measure of that is when the gross domestic product the Kleins for six months in a row but economists look at retail sales incomes and employment to measures that Sarah Cohen and Lenore Sanchez can relate to having seen layoffs at work in the last recession we've been through for we know what to do what do you do I think a lot of people would like out of ice spend wisely spend what you make it to the necessities not the wants and.
New flaw discovered on Boeing 737 Max, sources say
"The best known airplane in the United States, right now, probably the world to really is arguably the Boeing, seven thirty-seven, max known. However as we all know for the wrong reasons and you cannot another reason today, the FAA says it found another different problem with the plane, that will delay its return to the air until the fall, at least airlines that fly, the 737 max will fill this news, the most schedule wise, but Boeing's issues with this plane spread through the whole economy from the companies that make up Boeing's massive supply chain to economic indicators like durable goods orders that we talk about from time to time all the way down to your 4._0._1._K savings. Marketplace's Jack Stewart gets his going Boeing's some thirty-seven max planes have been grounded globally after two fatal crashes in. Okay. Toba and March. It was looking like Boeing was getting close to a fix then. We're getting late word tonight on the Boeing seven thirty seven. Max Aviation Administration has identified a new potential risk Boeing shares dropping sharply this morning that is having a big impact on, on the Dow futures overall right now, Boeing is still building forty two seven thirty-seven max is a month, but nobody's taking delivery and few allies of placing new orders that's being linked to a drop in durable goods orders a key economic indicator. And in a very real way, every plane that's punked is one that's not contributing to US exports says Donna roads at Embry, riddle, 'aeronautics university union. Imagine how many cars for example, that a GM would have export just to equal one large commercial aircraft around one hundred million dollars with the headlines. Also, call out another economic indicator. The Dow index Boeing stock has an outsized impact because of the unique way, the index is structured says analyst, Michelle mode. Due at insight research, in Seattle, Washington Boeing stock has been one of the highest rated stocks and the one most significant Dow Jones stock over the past two years, and therefore it carries about a weight on that trading. If you'll 4._0._1._K has been betting on Boeing, you'll be feeling that drop personally. David Primo at the university of Rochester says the FAA knows it's under scrutiny and will on the side of caution. When it comes to declaring the jet safe to fly that sounds like good news for passengers, but it's bad news. If it means that they're so cautious that we have planes that, that aren't able to be in service, people are, are losing income on. They're actually real cost to this. In a statement, Boeing says it's working on the problem and won't ask for certification until it. Sure, it's safe to fly.
Major automakers post higher May sales
"We're waiting to hear today. If Renault of France wants to start merger negotiations with Fiat Chrysler, also some of the big automakers reported higher sales in may compared to a year earlier which surprised some forecasters given the slow start to the year. Here's marketplace's Jack Stewart in Mayfair Chrysler saw a two point one percent increase in car and truck sales and Toyota a three point two percent jump. Kristen check is from the center for. It's research may was better than we expected. But it's not all good news. She says the figures for other automakers onto strong. An overall sales still expected to be down for the year. We do have to play out the rest of the year to find out, and there's a lot of unknowns out there, some potential by didn't get the tax refunds. They were expecting others, a hearing reports about tariffs and consumers and companies wondering when they'll bite. And there's a leveling off of the strong sales the industry seen in the decade since the great recession says, Eric Lyman, chief industry analyst, truecar this is the natural cycle of things, but historically, the automotive industry has had a little difficulty with the plateauing and the slight downturn in that cycle, automakers built up production facilities global supply chains to meet high demand. Now all the uncertainty means they may have to figure out how to scale
Apple, Jack Stewart And Steve Koenig discussed on Morning Edition
"For the first time in four years, apple has announced hardware updates to its ipod touch devices. These aren't the ipods of old after just music, carrying machines. The ipod touch is pretty much an iphone without the cellular connection. So why marketplace's Jack Stewart explains? If the name eyeballed conjures up nostalgic visions of cliquey wheels, and tiny screens afraid those machines, long gone, the touch which starts at two hundred dollars. Looks like a miniature phone or a very many ipad. Many Angelo Zeno analyst CFO, it is their entry price device really to get onto the ecosystem that co system means group FaceTime messages, and the app store, including the new apple Cade games subscription service, CEO, Tim cook underlined, the importance of games to apple at the moment, much. I o s has become the largest gaming platform in the world. So apple upgrading the ipod touch specs to make graphics heavy games run better. Steve Koenig from the consumer Technology Association says that could help bring young customers to apple giving them a competitive angle on companies like Nintendo with a switch and the three D family of portable game consoles. He says it could also appeal to adults who want to gain without killing the phone
Hollywood Dream Machines exhibit explores sci-fi vehicles used on screen
"This marketplace podcast is brought to you by the Michigan economic Development Corporation, John Rimini, founder and CEO at airspace. Experienced technology says in Michigan revolution is in the air. Find out what planet is doing to help businesses make that possible at planet m dot com. That's P. L. A. N. E T, M dot com. To solve the scourge of the car. Maybe we have to go back back to the future from American public media. This is marketplace. Tech demystifying the digital economy, I'm Jack Stewart info. Molly would. The future of causes always exciting and always just around the corner. Things like self driving cars have been five years away, for I'd say about forty years now, but there are times when pure imagination is exactly what's needed when vehicles have to be as out there as possible nearly incredible. 'cause or a big part of science fiction TV shows and movies. They're often characters themselves, and someone has to make them I went to see some of the creations of writers directors and designers at a new exhibition at the Petersen automotive museum in Los Angeles. It's called Hollywood dream machines. And there cause from Mad Max Bladerunner and the classic Star Wars amongst others. Brian Stevens is exhibition director at the museum, and he started by explaining how a car designer works with a filmmaker in the use of vehicles in Hollywood productions. There are a number of scenarios, one of, which is the need to design a car from scratch to fulfill the vision of the producers of the directors of the film, in many. Cases though. There are pre existing cars that do just that and there's no need to design a car from scratch, and when it came time to create back to the future just so happened, that this very exotic wild stainless steel bodied car existed. In fact, was very much in the public eye. Do some lawsuits at the time which which made it a perfect option for this particular use in this particular film. Doc. Are you telling me that you built a time machine? The way I see it if you're going to build a time machine into a car, why not do it from style now that we are up close, I can see. There are a lot of wires zip ties parts that look almost unfinished. Yes. Which is deliberate in this case, the producers and directors of the film didn't want something polished, they wanted something that looked like it was handmade in a garage. So you worked with designers of some of these actually put this exhibit together. How important, did they say it is to be accurate as opposed to just be entertaining when the coming up with these visions of the future. I think it's a combination of both if you're projecting fifty years in the future. I think accuracy is, is going to be difficult to achieve, regardless of what you what you propose, but they certainly do want some level of realism when you start getting into science fiction films as opposed to Pierce to pure fantasy films. You do want there to be an element of science basis, you want there to be something that seems even somewhat. Ause -able about what you're predicting. So you have kit here, for example, from Knight rider from what the voice of industry thousands microprocessor K IT for easy reference. A can't. If you prefer, do you think that, that was fully autonomous long before most of us had heard of even the concept of self driving, 'cause it's a 'cause like that an inspiration to real engineers and real designers, I think there's no question that when today's designers were children, watching these television shows in these movies that they are even potentially subconsciously gaining inspiration from what they see. And that's probably part of why we see some of the technologies that are shown in these vehicles. Eventually become real Brian Stevens, taking us on a semi nostalgic semi futuristic, look at the cause of Hollywood at the Petersen automotive museum in Los Angeles, fun facts. I learned from him in the early drafts of the back to the future. Script the time machine wasn't built into a cholera toll. It was built into refrigerator. I'm not sure I would have enjoyed the movie. Quite as much. And now for some related links. Check out the exhibition website if you want some inspiration for movies have been Joan this holiday. I'd forgotten how much I enjoyed some of them the Audi r s q concept from I robot made me want to watch that all over again. And I will be streaming the original Bladerunner as well as twenty four thousand nine to see that vision of Los Angeles with spinners in the dark and rainy skies in terms of making these sci-fi visions come true. The Atlantic has a great story with the headline flying cause a real and then not bad for the climate that describes the efforts to build a new type of electric flying machine that isn't a plane and isn't a helicopter but could fly building to building top skipping city traffic. And it's not just frustrated commuters who could benefit as sea levels rise coastal cities, like Miami, a going to have to go to ever greater lengths to mitigate the impacts of climate change. So we'll also link you to a court. Story about developers in that Florida city who are already designing buildings where rooftop observation decks can be converted into flying, taxi poets, if you didn't catch recent marketplace tech series on climate change at up, by the way, it's called how we survive in the podcasts are online to where we're going. Maybe we really need roads. I'm Jack Stewart. And that's today's marketplace tech. This is a PM. I'm Shepard from Lincoln Nebraska, and I listened to marketplace several times, actually every day because it's got the economic news and developments that are important to me. Donate the marketplace, so that it can be available to everyone and asked her hope. You'll join me in this effort. Thanks to join shepherd is a marketplace investor donate online. Marketplace dot org. This Mike in place podcast is brought to you by evident helping businesses create a solid foundation of trust and safety on their platforms. By seamlessly verifying workers unless time. And with more confidence evident also helps companies stay up to date on any changes to relevant information and readily adapt, if and when compliance requirements, evolve evident is bringing confidence and peace of mind, personal data interactions across the globe. Visit evident ID dot com slash tech to sign up and start running verifications immediately. That's evident ID dot com slash tech.
Ford Cutting 7,000 Global Jobs As Part Of Restructuring Plan
"The Ford Motor Company announced this morning. It's cutting seven thousand salary jobs worldwide about ten percent of its white collar employees. It's all part of a big multi year restructuring program that CEO, Jim Hackett has embarked upon, you might remember, though, that Ford made it through the financial crisis, without the bankruptcy filings, the GM, and Chrysler had to make in the f one fifty pickup truck has been bestseller and huge profit maker for decades now. But as marketplace's Jack Stewart reports Ford, along with all the other car companies is gearing up. Very more challenging future. The also industry is anticipating some major technological disruption to its business, but as part of planning for that Michelle Krebs had also try to says companies have to keep doing what that doing. I don't make your absolutely cannot take their eyes off the ball of today's business because that is what is creating the funding to finance this future, that we don't know, when it's going to happen that future for Ford, which wants to be a mobility company means getting into all sorts of things from bike sharing programs to self-driving robo taxis uncertainty, though, is always haunts plan for says Stephanie Brindley analyst at IHS market. You're saying it in some of the financial results. You're seeing it in different cost-cutting programs at different automakers for it's not alone in trying to balance this at all companies worry that one day, people may choose not to own a vehicle, and just use a map like Uber or lift, which with tens of billions of dollars robo tank sees could hasten that shift even more GM boats and autonomous startup cruise for a reported Hoffa billion tech companies with deep pockets like Google's parents alphabet have their own self driving. I'm visions Sam Vieira ni. Out consultants auto focus solutions says Ford is investing to, I would say they they're doing very good job of it. They're just not promoting it yet, but they are moving forward and looking forward to the next era in the automotive industry, and all it's really clear about that next era is that it's going to need as much money as possible to competion, even if that means cuts today. I'm Jack shoe for marketplace. Morgan Stanley is today's bearer of ill economic tidings in a report out this morning. The banks analysts said that, if the trade war between the United States and China keeps up and the president's threatened tariff increases on more Chinese imports come to pass a global recession is within the realm of possibility. So the question now it seems is whether President Trump's approach to trade negotiations is working as he intended cleared Williams was still not too long ago. A White House trade policy official miss Williams. Thanks for coming on. Thanks. Thanks for having me. So for those who don't follow trade, perhaps as closely as. Well as you and I do gimme the gimme like the thirty second elevator pitch version of President Trump's trade agenda. Sure. Well, what President Trump is trying to do is get his arms around a set of long-standing unfair trade practices. That's been going around and the global community. I think the, the most prominent example of that is what's happening with China. Obviously, he's expressed concerns with, you know, the NAFTA agreement with elements of the World Trade Organization. And I think in general with sort of a lack of equitable treatment when it comes to tariffs around the world, do you think, though that the president's tariff policies are the way to get done what he wants it seems that it's very spur of the moment, shall we say now? Well, I actually think since the president has been in office, what he has tried to do is to take tariff action in many cases as a means of leverage, you know, not all tariffs are created equal, as they say. So I mean I could go through. One by one in China. It's really a means to an end fair enough. And, and look, it's only a half hour program. I appreciate you. You know go through the harmonized tariff schedule. But let me ask you a more fundamental question, and it's going to sound like I'm poking the president in the eye, and I'm really not do you think he understands the way tariff works, because if you look at his public pronouncements his tweets virtually everything he says, about tariffs would seem to indicate he just doesn't understand how they work. It's not the Chinese are paying. It's not that there are billions coming in, in the United States from overseas. It's American consumers who are paying these tariffs and the president discounts that at every turn. I think the tariff question actually is, is somewhat of a complex one. Now, I will be the first to grant you the tariffs do have somewhat of a negative impact on the US Konami and on consumers. They can have an impact on businesses who need to get those, those products from abroad. I mean, I'm not a tariff guy all of that said, you know, who pays the tariff in any particular instance is not as simple as, oh, it's all China or it's all the US consumer. And what we've found is we've analyzed it is that it's really different in, in each instance, I'm sure I don't need to say for the academic research that shows in the section to thirty two and three hundred tariff cases that the president has imposed on the Chinese. It is literally American consumers who were paying sometimes inaccessable one hundred percent of the tariffs and more to the point though. With all respect, you didn't answer the question, does the president understand how tariffs work, I think that he does. And again, I, I, I would paint the three one in the two thirty two with, with different brush. I think when the administration put in place, three thrill one Tara. Chiefs. They were expressly designed to pick products that the US could source from other places and you actually do see some of that happening on steel. I, I would grant you that different situation. And I think that the steel tariffs were more controversial within the administration itself for that reason. I'm not sure exactly when you left the administration must Wilms but, but the last you heard from folks inside the White House. What is your sense of the president's sense of urgency on fixing and, and getting to a deal with the Chinese, and, and does it carry into the twenty twenty campaign cycle farther? I left the White House about a month ago. April nineteenth with my was my last day. I went and actually got to see the president a couple of weeks after that, I think that with respect to China that the president is willing to keep at the current strategy as long as it takes to ensure that China starts playing by the rules. I think if you look what you're hearing from the hill, you see Democrats and Republicans alike, all saying, stay tough on China, make sure you get structural reforms in China where you're getting feedback are things on steel and aluminum and saying, we need to work with the allies more. So, look, I hear ya on what he is hearing from the hill. And from people inside the boat way writ, large, but every single farmer we talked to and virtually every single small business person with truly just one or two exceptions in the last year and a half has said these tariffs are killing us. Right. No. There's no question that there is going to be some pressure from the business community. I've been surprised actually that, that the, the business community for the most part has stayed firm with the president and said, you need to, you need to be tough on China because they're hurting my business. A lot of the pain that the agriculture community has been feeling in the past has been on the retaliation, the restrictions trying to deal with that. But if we can get the commitments from China, and the market access from China, it's going to be a much better situation. Clear Williams, former deputy director for international policy, the National Economic Council, the White House on his way through job in the private sector Williams, thanks very much for your time. I appreciate it, sir. It's my pleasure.
"jack stewart" Discussed on WNYC 93.9 FM
"To get somewhere that you've ordinarily have taken an Uber or lift to you might have depending on what city are in had a hard time. Finding a ride drivers for both companies have been striking today over decreasing take home pay and lousy job security, while the companies themselves are tapping into the capital markets lift went public in March. Uber's IPO is expected on Friday and part of the excitement around these companies and one reason for their high valuations by the by ninety billion dollars for Uber is a bet on their future. Where self-driving cars means way less demand for those drivers at all marketplace. Jack Stewart looks at what that'll mean for the humans today drivers have short term concerns. Hi. My name is Sean. I'm a fulltime. Uber driver in New York City Keyshawn says he's having to drive more to make the same money. We're not using his last name because he's worried Yuba could block his accounts. And in fact, today strike say sudden deactivation also an issue. There is one thing. He isn't. Worried about driverless cars doesn't really concern me too much for now. That's fair. Yuba says drivers are at the heart of it service lift co-founder Jones said on school yesterday that it's investing in its drivers. But then he went on today Waymo announced that they're working to deploy Waymo vehicles on the lift platform. Waymo is the self driving car projects of Google's parent company alphabet, and in Uber's IPO paperwork page that says it's driverless may quote, reduce the need for drivers Laura Lambie at Investec wealth and investment says it's that long term vision. That's motivating investors painting a picture of the future, which they will be involved in where driverless cars will be part and parcel of everyday life. That future may not feel imminent to the strike is today. But Susan's Shaheen who studies mobility at UC Berkley says we need to start thinking about what happens when caused the don't need drivers. I'll routine what role can. Drivers play in this transition to the future. She says the be roles for humans some will be needed as backup safety operators, and they'll be jobs in cleaning and maintaining self-driving 'cause just not as much driving Jackson for marketplace. President Trump reports the New York Times paid federal taxes and only two of the ten years between nineteen eighty five and nineteen ninety four the period for which the times says it has reviewed Mr. Trump's tax transcripts in both of those years. Mr. Trump was hit by the alternative minimum tax feature of the tax code the change quite a bit under the overhaul of a couple of years ago. Companies don't have to pay it anymore. Fewer people will be liable to it now as well. Marketplace Mariel Sagarra reminds us what the A M T was and what its become in January nineteen sixty-nine president Lyndon Johnson's administration put together a report it said that in one year tax loopholes had allowed one hundred fifty five wealthy Americans to pay nothing in federal income taxes. Molly Mitchell more teaches US history at Washington Lee university that then sort of sets off this political frenzy to essentially change, the tax code such that these millionaires are paying at least close to their fair. Share? The report eventually led to the alternative minimum tax or AMT Lillian fall Haber at Georgetown law says if you make more than a certain amount of money, you have to calculate your taxes twice the standard way. And then the AM t- way using a different formula that doesn't allow certain tax breaks, you compare the amount that you would go under the normal tax to the amount that you would under the AM. And you owe whichever one of those greatest critics have said the AMT doesn't work that well that high income earners can often get around it, and the people who end up paying it or not that wealthy Howard Gluckman at the tax policy center says in twenty seventeen about five million people were subject to the tax. Most of them offer middle income people generally people whose household income with somewhere between two hundred thousand five hundred thousand dollars Gluckman size because the twenty seventeen tax overhaul change, the AM t- only two hundred thousand people will pay it now that means tax revenue from the AMT will fall by about thirty one billion dollars a Merial Sagarra for marketplace..
"jack stewart" Discussed on KCRW
"The Dow Jones industrial average is down two hundred seventy one points. That is one percent the S and P five hundred is done one point one percent. The NASDAQ is down one point two percent. The ten year. Treasury yield is two point four seven percent tomorrow. It could be harder than usual to find an Uber or lift ride in several major cities as some drivers for both companies are planning strikes, they're protesting what they say are unfair pay and labor practices. This comes ahead of Uber's IPO expected this week. Here's marketplace's Jack Stewart Dali has driven Yuba in New York for six years, then season unfair discrepancy between Uber's multi-billion dollar valuation and the money he takes home. We are putting more hours to making the same amount of money. Many drivers want a guaranteed hourly. Minimum Harry Campbell found of the right guy says commissions another big complaint on certain fares. Uber and lift take up to fifty sometimes sixty percent of the fair. And I don't know that many. Passengers are aware of this. But driver sure are in statements Yuba says drivers out of the have remained stable lift says they've gone up over the last two years in its IPO paperwork. Yuba warns Dr disatisfaction could increase as it spends more on driverless technology, Susan Shaheen is at the university of California, Berkeley, when you look at at the IPO is there is an eye towards the elimination of the jobs, but she says, they're all jobs, like vehicle, maintenance or assisting elderly and disabled people the will require a human touch. I'm Jack Stewart for marketplace. Marketplace morning report is supported by snowflake companies around the world are.
"jack stewart" Discussed on KQED Radio
"Profits. This year key piece of information yet to be determined is when these planes will be fixed and allowed to fly again. Marketplace's Jack Stewart has more Boeing's building. Forty two seven thirty seven max planes a month, but nobody's taking delivery Christner's from Skift Ellen weekly each of those aircraft that sitting on a tarmac is not sold at as not cash coming into the company Boeing's fix to the planes and costs flight controls west still needs. So typically. By global regulators. But I lines may not immediately accept it says Kevin Michael's of dynamic advisory airlines today are under significant pressure from the travelling public to get this right Boeing's. Also under pressure over the seven eighty seven production line in South Carolina. The company says a recent New York Times report on shoddy manufacturing practices that paints a skewed an accurate picture. I don't think that this policy issue is related to the issue. And that everything is falling apart of Boeing, Kevin Michael says, he's watching other expenses of the seven thirty seven. Max crashes reduced bogging power with allies and the costs of compensation on gesture for marketplace. Boeing stock is up one and a half percent today after the hit a record high yesterday. Things are a little more muted today. The Dow at the moment up thirteen points, the s&p five hundred is up just two points. The NASDAQ composite is up let's see seven points or a tenth of a percent. Kohl's department store is worked out a deal with the competitor. Amazon. If you want to return something to Amazon it happens, you can take it to Kohl's. But listen.
"jack stewart" Discussed on KQED Radio
"The energy news of this product comes to his side of the Permian basin down in west Texas, the biggest petroleum region in the country. The oil giant, Chevron is becoming more giant. I guess you'd say it's going to buy Anadarko petroleum for thirty three billion dollars which will make it one of the biggest players in the US shale basin business marketplace. Jack Stewart explains what's going on there. The last time the premium basin was this popular was hundreds of millions of years ago when it was an ocean and the place to be ancient marine life. Those organic remains resulted in a huge amounts of oil and gas in the shale rock in what's now, west Texas and southeastern New Mexico Davidson is at the energy institute of the university of Texas Austin, the Permian is in many ways, the center of the oil investment world right now extracting the oil and gas locked up in that shale through fracking was still considered an expensive and risky technique. Just a few decades ago. So we'll though Chevron and the other oil giants do own rights in the poem already. They would contend to. Leave the toughe- extractions. So smaller independent players Thana. David Hinton is at the university of Texas Permian basin. What the independence did was show. The majors that you can get an enormous amount of loan gas out of what had previously not the neck anonymously, sensible independence, like Apache pioneer clinch. Oh, and dozens more Chris Nicholl at energy consultants wood MacKenzie. We do see the potential for more consolidation within the Permian basin. So if you haven't heard of the poem prepared to hear that would a lot more in the future as deals done example, one Chevron CEO, Mike with it's not about getting bigger in the permanent about getting better in the Permian than we think this makes us even better in the Permian him got it on Jackson for marketplace..
"jack stewart" Discussed on KCRW
"Fourth good to have you with us. The government is out with the preliminary report on an airline crash last month that killed all one hundred fifty seven people on board. It was the second crash involving a Boeing seven thirty-seven max in five months. The report finds that the crew on the airlines flight followed all the procedures provided by Boeing but still weren't able to control the plane. Marketplace's Jack Stewart has been looking into what comes next for Boeing as it continues to work on a fix and try to restore the faith of the flying public. Investigators looked at data from flight ET three oh two's on border quotas. The data shows the plane dove hod several times before hitting the ground. This doesn't look good for Belling. I think this hurts them even more show him. Nikki is at the center for aviation studies at a higher state university. He says the findings renew the focus on Boeing's 'em caste system a flight control program designed to push the nose of the big engines seven three seven max down to prevent a disastrous stole full investigations of both Boeing seven three seven. Max crashes could take a year. Investigators are also looking at physical evidence from recovered wreckage. That's a skill. That's taught in this. Los Angeles warehouse filled with twisted metal broken glass and torn cables, and here we have the wreckage of twelve crashed airplanes Thomas Anthony at the university of southern California uses these wrecks to train investigators from around the world to look at the positions of flack to read broken gauges. Stick a look at this central control column here Anthony is.
"jack stewart" Discussed on WNYC 93.9 FM
"Denver. I'm Amy Scott in for Kyra stall. It's Thursday, April fourth good to have you with us. The government is out with a preliminary report on an airline crash last month that killed all one hundred fifty seven people on board. It was the second crash involving a Boeing seven thirty-seven max in five months. The report finds that the crew on the airlines flight followed all the procedures provided by Boeing but still weren't able to control the plane. Marketplace's Jack Stewart has been looking into what comes next for Boeing as it continues to work on a fix and try to restore the faith of the flying public. And investigators looked at data from flight BT three oh two's on board or quotas. The data shows the plane Jove hod several times before hitting the ground. This doesn't look good for Bill. I think this hurts them even more shoe impression Icke is at the center for aviation studies at a higher state univers-. City. He says the findings renew the focus on Boeing's 'em caste system a flight control program designed to push the nose of the big engines seven three seven max down to prevent a disastrous stole full investigations of both Boeing seven three seven. Max crashes could take a year. Investigators are also looking at physical evidence from recovered wreckage. That's a skill. That's taught in this. Los Angeles warehouse filled with twisted metal broken glass and torn cables in here, we have the wreckage of twelve crashed airplanes Thomas Anthony at the university of southern California uses these wrecks to train investigators from around the world to look at the positions of flack to read broken.
"jack stewart" Discussed on KQED Radio
"Tuesday the nineteenth of March good as always to have you along everybody you are not ever gonna find from a Republican administration or democratic the annual economic report of the president on a bestseller list. But and it is usually worth spending some time with the thing. Doorstop size, though, it is seven hundred pages this year seven hundred five actually it's worth spending some time with the thing to get a sense of what the White House is thinking about this economy where it's been and where it is going, and what the council of economic advisers which actually wrote the report is thinking is hey things look pretty good. Thanks to the tax cut. So we got marketplace's Mariel Sagarra. She covers taxes for us. Got her on the phone for a little context. Hey, hi. So let's let's do the top line. Thank first the big thing gross domestic product overall economic growth. What is what does the council of economic advisors saying on there? Yeah. Talked about GDP. Growth from the end of two thousand seventeen to the end of twenty eighteen it was three point one percent. And then they actually made a guest what growth would have been if congress had never passed the tax law. They came up with two point two percent. So the gap between those numbers to forty percent. Three point one percent. That's how much the tax law has supposedly boosted our economy. That's obviously projection you, we can't go back in time. Nobody knows for sure. But, you know, economists make estimates all the time that's reasonable. There were some other things going on in that same time period that could have boosted GDP oil prices went up, which led to investment in the US oil industry investment is a part of GDP. We also got a big spending Bill in two thousand eighteen that's a part of GDP. Economists told me though, you would expect almost any tax cut to boost the economy somewhat in the short term. Well, and that's the key thing there right because the predictions in the out years for this economy or substantially slower than what the White House says on ask you about. What Kevin Hassett the chairman of the council of economic advisers the guy who whose name is on this report. He pushed back against this talk of a sugar high. Right. What he say? Yeah. He said, you know, people say this is a sugar high that we had three percent growth, but that it's gonna fade away soon. He said, they don't think that's going to happen. Economist disagree on this. I think that's in part because there are short term and long term effects of a tax cut. You know in the short term a lot of economists say that they do think that the effects will fade away this year or next year. So we're all sort of go back to normal. But some of the investment that we've seen it doesn't happen immediately. It takes years to know the real effects of it. And also takes years for things like factories to come online. And so that we could see years from now. Right. Which is also another thing has it likes to say that factors are coming back because of this law, even though we haven't actually seen that yet. I do want to ask you one last thing on the way, we got thirty seconds. How are we the the reading public to take this report because it's written by the president's people, and it is in essence, a political document, right political document, right? They are economists. But they're also highlighting the stuff that they feel aligns with the president's agenda. Marie Garin New York force on taxes and today on the White House counsel economic advisers report to congress actually is what it is my L. Thanks so much. Thank you. All right. Just because there aren't enough ways to buy stuff in this economy right now Instagram says a launch in app purchase and payment functionality to make it that much easier for its billion users to see and click and then by Margaret Jack Stewart has the latest in the social retail wars in my Instagram feed today that was a cool desk lamp, a rugged phone case and skin care products all mixed in with my friends pets and vacations. They were ads but widely. I did mind Arielle Padres covers personal technology at Wyatt part of what is so brilliant. And also so insidious is that people find that the targeted advertisements and the products that surface in the Instagram feed, totally irresistible Instagram says one hundred and thirty million people a month tried to shop through the app, but until now it's interface for doing that has often felt clunky. Putting in your information over and over on on a small mobile device actually was a big inhibitor for people to actually make the purchase. Visual Shah is Instagram's head of product now the company will process the payment would store details and take a cut of each transaction. He wouldn't say exactly how much Facebook which owns Instagram doesn't have the greatest reputation for data privacy, Tom forte from Davidson says users may be wary. So an ad. We'll have to feel like it's curated something shoppers. Welcome. And it is in no way, a some sort of data play that feels invasive to consumer Instagram isn't trying to be the next Amazon online retail giant says the company's Rochelle Shah, but to carve out it's only for people who browse and shop more casually kind of as a hobby. Maybe the same thing you would have done when you have gone with your friends to a mall and check out the latest fashion a mole. What's that? Jack Stewart for marketplace. I get a lot of shoe ED's in my Instagram. I'm not quite sure what's up you. Click on something once and it falls around Wall Street today might as well not have even run. The opening bell is how unchanged things were. We'll have the details. When we do the numbers. The American visa system is complicated all the different categories.
"jack stewart" Discussed on KCRW
"Got heated chairwoman, Maxine Waters of California, grilled the director on enforcement affair lending regulations. Do you believe that it has been weakened? And that it needs to be restored. I believe that it has indeed been strengthened chairwoman with. Believe it needs to doing restored the tone in the Senate hearings should be less tense. According to Chris Willis with the law firm Ballard Spahr, which represents banks. He says that's because Republicans ran the Senate committee, and they believe payday lending is already regulated enough. And that it's important to not just extinguish an entire industry based on the sentiments of consumer advocates, but there will be more tough questions for Cran injure, according to the university of Utah law. Professor Christopher Peterson Democrats on the committee that are running for president are going to be very skeptical of her consumer protection track record, one of those senators is Elizabeth Warren of Massachusetts who propose the CFP be in the first place. I'm Renata say go for marketplace. Checking stock market indicators that are mixed. The Dow is down slightly the S and P five hundred is up four tenths percent. The NASDAQ is up four tenths percent. Boeing is a Dow stock it's down nearly five percent. The UK was the latest country today to ground the type of Boeing plane that crashed in Ethiopia this weekend. The max eight seven thirty-seven is still legal to fly in the US this week. The United Auto Workers told its members that it's going to raise strike pay from two hundred dollars a week to two seventy five a week, effective January. It's a signal the union is preparing for tough negotiations later this year. Marketplace's transportation reporter Jack Stewart has more Detroit's big three General Motors, Ford and Fiat Chrysler all have to negotiate new labor deals later this year. UAW president Gary Jones at its annual convention on Monday raises strike pay is exporting signals all of our members that the international executive board has their backs. It's a move to build a unified front. Says Wheaton at the work institute Cornell University, he's instructed both automakers and unions on contract negotiations. It's always better to have the ability to strike and never use. It. The automakers will argue they need flexibility in a labor deal that cutting production of sedans, which buys don't want an idling factories this the threat of tariff wars potential slowdowns in the US and China and the looming impact of driverless cars, William Gould at Stanford University is a former chairman of the National Labor Relations board the lead to be competitive has become ever more vital and the union has to play a role in that. Because ultimately, if there's no company there are no jobs on Jack's Stewart for marketplace. During this moment when that plane crash killing a hundred and fifty seven people is all over the news. President Trump today appeared to link increased automation with airline safety on Twitter today, the president asserted that quote airplanes are becoming far too complex to fly pilots are no longer needed. But rather computer scientists from MIT it goes on about unnecessary technological improvements. The cause of this weekend's crash has not been.
"jack stewart" Discussed on KQED Radio
"All I'm Jack Stewart for marketplace. Coming up because it's better for their economy. Their personnel economy. It's are in dollars, and they spent vessels working here. Living in Mexico. Just business as usual on the border. But I sure do the numbers. Down Bustros up sixty points today two tenths percent twenty six twenty six thousand and nine hundred blue chips. The NASDAQ advanced twenty six points three tenths percent, seventy five and fifty four the S and P five hundred three that's about a tenth percent seven and ninety six g marched up six point three percents today as we told you going to sell its biotech business to life sciences conglomerate Danaher for twenty one billion dollars Danny here up eight and a half percent tech stocks generally higher with some optimism about the current trade talks between the US and China. Maybe there's maybe there's not let's see what happens apple shot up seven tenths percent, Microsoft, strengthen about a half percent IBM about a ten percents day. The Barrick Gold corporation dim three percent the companies bidding to take over the rival Newmont Mining corporation. If the offered does happen to be accepted, the world's biggest bowl competent Newmont though of one percents. You're listening to marketplace. Marketplace is supported by Charles Schwab, when it comes to wealth management Schwab believes in asking questions and being engaged..
"jack stewart" Discussed on KQED Radio
"Three was the best selling luxury vehicle of two thousand eighteen and that's without any conventional advertising at all on Jack Stewart for marketplace. Coming up because it's better for their personnel economy. It's they earn dollars, and they spent vessels working here. Living in Mexico. Just business as usual on the border. But I sure student numbers. Down Austria was up sixty points today two tenths percent. Twenty six twenty six thousand nine blue chips. The NASDAQ advanced twenty six points three tenths percent, seventy five and fifty four the S and P five hundred up three that's about a tenth percent twenty seven and ninety six g marched up. Six point three percent today as we told you it's going to sell its biotech business to life sciences conglomerate Danaher for twenty one billion dollars Danny her up eight and a half percent tech stocks generally higher with some optimism about the current trade talks between the US and China. Maybe there's maybe there's not let's see what happens apple shot up seven tenths percent Microsoft strengthened about a half percent IBM about a ten percent. The Barrick Gold corporation dim three percent the companies bidding to take over the rival Newmont Mining corporation. If the all's knock offered does happen to be accepted would create the world's biggest goal competent new motto of one percents. You're listening to marketplace. Marketplace.
"jack stewart" Discussed on WNYC 93.9 FM
"And wings take slightly longer inside seven minutes flat you got yourself an all metal nightcap well that's newsreel footage from nineteen forty six now quite a few technology experts are saying it is just around the corner when we'll see vehicles whizzing above heads by the year twenty twenty three they're saying in fact so could it happen jack stewart is a writer at wired magazine who focuses on transportation he says it all does suddenly seem quite real it's becoming really interesting this field is just moving so quickly and there are a lot of companies really getting involved now it feels like a lot of small pieces are coming together and making this really sifi sounding dream something of reality we've got computer controls which make these type of vehicles actually flyable a normal person sometimes not even somebody who has a pilot's license whereas in the past small vehicles like this would be really hard to control loans fly a helicopter takes forever we've got lightweight materials who got electric propulsion and batteries so the engineering side of it is coming together and there are enough companies working on it and trying to make it come together that it's beginning to feel really quite realistic i still feel a little odd saying that about flying cars and come back to me in five years and we'll see exactly where we are but we're getting there so the engineering side of it is potentially realistic what about the cost of all this that is definitely something that still needs to be figured out but by making these we use the shorthand flying cars they're really more like people sized drones if you imagine like the quad copter drones that you see with a small camera the type that you can hold in your hand scale that up to the sort of seismic can carry one person or four people and that's the type of vehicle we're talking about so they have electric propellers typically four or eight of them and a battery system they're much cheaper to run and maintain than a typical engine that you would find in a helicopter that needs regular maintenance so the companies say these will be cheaper to run uber is in fact one of the companies who's really pushing for this they have a scheme called elevate which they want to run us kind of a flying taxi scheme you would hail it just from inside the normal uber app and it will.
"jack stewart" Discussed on Gadget Lab Podcast
"Jack stewart or other transportation road writer to break down that if you put that in the show notes and so on bella this continued to be a problem the national transportation safety board is looking into that and they'd gotten shifty with mosk musk apparently talking at school sharing too many details very close lipped and also him off investigation also supposedly hung up when he was on the phone with chairman of the national transportation safety board which is not something you're supposed to regulators in theory wrecked villars born company so last week was last week it was last week really couple of weeks so you'll must this idea this company started called the boring company where he going to get traffic not with saying abbass olsen bunnies going to build nettle layers layers of tunnels under the ground and really if he could do it that'd be amazing slide around on these lecture skates one hundred fifty miles an hour this fantastic futuristic idea but he comes out and he's talking like these monir tweets we can increase speed of tunneling fifteenfold and drop the cost to ten percent what it is today it's not clear if you can do that a lot of actual telling engineers disagree with that so that's been a little bit of a stress point if we missed it i'd say also just going back to autopilot really quickly the at another sort of little regulation dust up he's gotten into that at he end tesla spokespeople say again and again that.