Marketplace Morning Report for Monday July 28, 2014
Former San Antonio Mayor Julián Castro will be sworn in on Monday as Secretary of Housing and Urban Development. We look at the authority and limits of his power to address housing problems facing low-income Americans. Plus, Nissan will release its earnings on Monday, which follows the company’s announcement that owners of its electric car, the ‘Nissan Leaf’ will pay the surprisingly low price of $5,500 for a replacement battery. This is great news for current and potential owners of the car, so how did Nissan manage to keep the price so low, and will this move pay off?