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iStock/Thinkstock(NEW YORK) -- A new report pushed Deutsche Bank fears aside and helped Wall Street close higher Friday.

The Dow climbed 164.70 ( 0.91 percent) to finish at 18,308.15.

The Nasdaq jumped 42.85 ( 0.81 percent) to close at 5,312.00, while the S&P 500 finished at 2,168.27, up 17.14 ( 0.80 percent) from its open.

Crude oil gained less than 1 percent with prices hitting $48 a barrel

Deutsche Bank: Any uneasiness about Deutsche Bank was pushed aside after French news agency AFP reported that the German bank was close to a $5.4 billion settlement. The reported settlement is less than half of the original $14 billion fine from the U.S. Department of Justice for mis-sold mortgage bonds before the financial crisis. The report helped Deutsche Bank shares soar 14 percent Friday.

Consumer Spending: According to the Department of Commerce, consumer spending in August was unchanged compared to a month earlier because of a "decrease in spending for durable goods." Personal income rose slightly last month with a 0.2 percent increase.

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Kekes via Storyful(DIJON, France.) -- A man apparently upset about customer service he had received used a metal ball to smash several iPhones and a laptop at an Apple store in Dijon, France.

In a video that has been widely shared on social media, the unidentified man smashes several phones before addressing other customers at the store.

"Ladies and gentlemen, remember the rights of the consumer," the man says in French.

"They are refusing to reimburse me according to European consumer laws. I warned them. I said, 'Reimburse me my money,' and they said no. What happens then?" the man said, then smashed a phone. "That’s what happens," he continued.

Later, someone is heard telling him, "That's enough," and he replies with an expletive phrase.

French news site RTL reported that the man was detained by police, and that the damage was estimated to be 50,000 euro (about $56,000).

Apple declined to comment.

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American Airlines(DALLAS) -- American Airlines flight attendants are complaining about their new uniforms on the same weekend the company is taking an important step in its merger with US Airways to create the world's largest airline.

Attendants claim the newly unveiled wool-rich uniforms are causing itching and headaches.
The Chicago Business Journal reports more than 400 flight attendants have complained of hives and headaches to their unions.

Airplanes and pilots for US Airways are being moved to a single scheduling operating system used by American Airlines this weekend, one of the slowest flying times of the year. The Los Angeles Times reports the carrier canceled numerous flights Saturday to reduce the risk of passengers being affected by a catastrophe.

Until now, the company used several systems: one for legacy American Airlines pilots, and two others for legacy US Airways pilots.

The move comes within the same week the complaints about uniforms were filed.

American Airlines told ABC News affiliate WFAA-TV that the complaints could stem from attendants experiencing a wool allergy, claiming the issues may be isolated.

"They have the option to have a 100 percent cotton uniform or polyester," Fernand Fernandez, vice president of global marketing for American, told WFAA. "They look exactly the same, just different materials."

The company says the materials were rigorously tested before the pieces were mass-produced. Previous uniforms were made from synthetic materials.

Fernandez says just 15 flight attendants have contacted them directly about the issue.

American Airlines merged with US Airways in 2013 to create the world's largest airline.

The carrier's merger is not yet complete. It still has to merge the scheduling system for flight attendants while working through complaints filed about their new uniforms.

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iStock/Thinkstock(NEW YORK) -- Shares of Deutsche Bank have been trading near record-low levels this week, as the bank’s CEO is attempting to reassure his employees and the public that one of the world’s biggest banks is financially sound.

The stock has been on a largely downward trend ever since reports surfaced in mid-September that the U.S. Justice Department was seeking $14 billion from the bank to settle a case stemming from the 2008 financial crisis.

The bank said at the time that it would not pay the $14 billion tab.

A report Friday from Agence France Presse citing an unnamed source said that the bank and the Justice Department were nearing a settlement for $5.4 billion. That sent the stock soaring. The Justice Department declined to comment.

The stock’s recent decline was given new impetus in recent days after other media reports that hedge funds were pulling out of the bank.

In a message to employees Friday, Deutsche Bank CEO John Cryan said the reports about the hedge funds were "causing unjustified concerns."

"I understand if you feel concerned by the extensive coverage on this issue. Our bank has become subject to speculation. Ongoing rumours are causing significant swings in our stock price," Cryan said.

The CEO added, "It is our task now to prevent distorted perception from further interrupting our daily business. Trust is the foundation of banking."

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Getty Images(NEW YORK) -- A projected price increase pushed stocks lower on Thursday.

The Dow closed down 196 points to close at 18,143.45. The NASDAQ fell 49 to close the session at 5,269.15 and the S&P gave up 20 to end the day at 2,151.13.

Healthcare stocks took a plunge with EpiPen maker Mylan giving up more than 2 dollars a share. The stock is down 22 percent as the company's been criticized for repeatedly raising EpiPen's price.

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Xinhua/Bao Dandan via Getty Images(WASHINGTON) — (WASHINGTON) -- Just over a week after facing blistering questions in front of a Senate panel, Wells Fargo CEO John Stumpf went back to Capitol Hill on Thursday, where he received verbal lashings and further calls to resign from members of the House Financial Services Committee over the unauthorized accounts scandal that is engulfing his company.

For over four hours, Democratic and Republican members of the committee lambasted the bank boss with heated exchanges that echoed the Senate hearing.

Stumpf has spent the last several weeks defending Wells Fargo after the Consumer Financial Protection Bureau (CFPB) and other regulators fined the bank a combined $185 million earlier this month, with the CFPB saying that "employees opened more than two million deposit and credit card accounts that may not have been authorized by consumers."

The bipartisan derision began early, with the committee Chairman Jeb Hensarling, R-Texas, telling Stumpf during his opening remarks: “Fraud is fraud. Theft is theft. And what happened at Wells Fargo over the course of many years cannot be described any other way.”

His Democratic counterpart, Ranking Member Maxine Waters, D-Calif., called the misconduct "some of the most egregious fraud we have seen since the foreclosure crisis."

Stumpf, who again faced calls today to resign, opened by saying that he was "deeply sorry that we failed to fulfill our responsibility to our customers, to our team members, and to the American public."

He also announced that the company would be ending its controversial product sales goals program on Oct. 1. Shortly after the scandal erupted, the company had said that the sales goals program would be ended effective Jan. 1, 2017.

At times, tempers flared during Thursday’s hearing.

Seemingly incensed that Stumpf was still in charge at the bank, Rep. Gregory Meeks, D-N.Y, said, "If the buck stops with you, as you came out here and said ... and you have to also admit that criminal activity was going on in your bank, then you should be fired because it stops with you."

Stumpf responded by saying that the bank's board has the power to remove him.

Meeks replied, "Who is paying for it? Who's taking responsibility for it? Don't come tell me you’re sorry," and then slapped the microphone.

One representative said that he wouldn't call for the CEO's resignation, because Stumpf was "in denial," and therefore he didn't "think it would do any good."

Earlier this week, Wells Fargo's board announced that Stumpf's salary would be suspended and that he would forgo some $41 million worth of promised compensations as well as a yearly bonus as an investigation is launched.

Despite the board's move ahead of today's hearing, it did not seem to satisfy those on the panel.

Waters said that the board's announcement was "welcomed, but let me be clear, it's not enough."

In other instances, snark took the place of anger.

“Mr. Stumpf, welcome to Washington," Rep. Brad Sherman, D-Calif., said wryly, before noting that those assembled were "now engaged in an important national ritual where the CEO comes before the representatives of the American people to apologize, to take full responsibility, to do so humbly."

Sherman, who said that large banks were "too big to manage, too big to regulate," and therefore should be broken up, raised the issue of the 5,300 employees who were fired in relation to the accounts scandal.

"You took 5,300 good Americans and turned them into felons with a system that you created, benefited from and drove your stock price up," Sherman said.

His concerns about the employees were shared by Rep. Scott Garrett, R-N.J., who said, "I would not be surprised if a number of those people ended up losing their homes, going into massive debt after they were dismissed."

"We have a problem in this country where it would seem, as we've seen previously, that the well connected ... the elite, if you will, in Washington and on Wall Street seem to play by a different set of rules while everyone else has to play by another," Garrett added.

For his part, Stumpf argued that the bank did not benefit from the unauthorized accounts.

"It cost us $10 million to open those accounts and close them; forget even the cost of the team member and the dismissal. This is a loser for us, it only helps when a customer uses it," he said.

Rep. Sean Duffy, R-Wisc., snapped back: "It's a loser for you, I guarantee that."

Duffy also asked if employees had "stolen" from customers, and Stumpf admitted, "In some cases, they did."

However, the bipartisan scorn was largely limited to Stumpf.

Republicans broke with their Democratic colleagues to heap some criticism on the CFPB.

"The financial regulators apparently were -- more than apparently completely asleep at the wheel as this massive fraud was occurring," Garrett said. "CFPB has only one job in a regulatory framework and they completely blew it."

The CFPB defended its work in response to Garrett's criticism, noting that "there were different pieces of this case and it took time to untangle conflicting accounts."

"It takes some time to bring various issues into focus as we conduct investigations, and develop more information about the underlying facts," agency spokesman David Mayorga said in a statement to ABC News today. "We are proud of our work together with the [Treasury Department's Office of the Comptroller of Currency] and the Los Angeles City Attorney to achieve nationwide relief for consumers harmed by Wells Fargo."

Wells Fargo stock was trading down about 1.7 percent at the end of today's hearing. Since the day before regulators made their allegations, Wells Fargo's stock has fallen about 11 percent, according to Reuters, and is at its lowest point since early 2014.

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iStock/Thinkstock(WASHINGTON) — Jobless claims climbed higher last week, increasing by 3,000, according to the latest figures released Thursday by the Labor Department.

For the week ending Sept. 24, the number of people filing for benefits fell from a revised level of 251,000 the previous week to 254,000, marking the 82nd consecutive week initial jobless claims came in below 300,000. It’s the longest streak since 1970, the Labor Department says.

The Labor Department said there were no "special factors" impacting that week's figures.

The four-week moving average, however, decreased by 2,250 to 256,250.

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Matthew Eisman/Getty Images for Amazon(NEW YORK) -- Actor Kellan Lutz is a classic Hollywood heartthrob. His face has graced the ad campaigns of Abercrombie & Fitch, Levi’s and Calvin Klein, he’s landed leading roles in the Twilight film franchise and The Legend of Hercules, and makes cameos on TV series, including HBO's The Comeback.

When Lutz is not on set or posting inspirational quotes on Instagram, the North Dakota native spends his time traveling the world and working with philanthropies like PETA, the Royal Family Kids’ Camp and the St. Bernard Project.

On a recent episode of "Real Biz with Rebecca Jarvis," Lutz shared details about his past -- like growing up in a big family -- and how he manages to stay on top of his busy Hollywood career.

Here are three things you might not know about Lutz:

1. He is an entrepreneur with multiple patents

For anyone ever caught wearing an unflattering sleeping mask, Lutz has solved your problem with Blackout Bands.

“It’s pretty much a new age sleep mask,” said Lutz. “They’re sunglasses that are completely blacked out.”

His other inventions span the spectrum, from gadgets to games. Partnering with friends and family, Lutz has over 30 patents that he’d like to test out -- where else, on the entrepreneurial ABC reality show Shark Tank.

“That’s a huge dream of mine to be in there,” he said. “That’s just always where I envisioned the products.”

2. He was almost a chemical engineer

“I was going to school at Chapman University for chemical engineering, and then you know, doors opened up,” Lutz said. “Modeling turned into commercial work and acting, and I kind of caught the acting bug. I found a passion for myself at the age of 19 and I just followed it.”

And because Lutz never grew up seeking stardom, it doesn’t break his stride if he doesn’t get called back from an audition.

“I don’t get desperate acting because it never was a dream of mine,” he said. “So if I don’t book a role, it wasn’t meant for me.”

3. Having seven siblings might have helped him become a successful actor

Sharing everything with six brothers and one sister can’t be easy, but it did teach Lutz some of the skills that have pushed him to Hollywood stardom.

“We had to fight for our food so I’m very competitive at heart but not with myself,” he shared. “I had a lot of alone time and I took advantage of that by building, drawing, painting, creating and just using my imagination. That’s a big part of what acting is.”

With a family farm in Iowa, Lutz and his siblings grew up working outside and staying active.

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Ingram Publishing/iStock/Thinkstock(WASHINGTON) -- When it comes to consumer complaints about account management and credit cards, Wells Fargo doesn’t at first appear to be much worse than other big banks, despite being the subject of a scandal over the unauthorized opening of accounts.

What the bank does have is a higher number of complaints by amount of credit card loans.

Consumer complaints do not equate to illegal or even improper activity, but the Consumer Financial Protection Bureau (CFPB) uses them as a source of information to determine where they may need to investigate banks further.

Banks other than Wells Fargo appeared to receive a comparable -- and in some cases greater -- number of complaints from consumers, according to a report from S&P Global Market Intelligence.

The report analyzed a database of complaints maintained by the CFPB, which is one of three regulatory agencies which fined Wells Fargo $185 million earlier this month, while alleging that bank "employees opened more than two million deposit and credit card accounts that may not have been authorized by consumers."

The report found that between Jan. 1, 2015 and Sept. 20, 2016, the CFPB received 1,576 complaints regarding "Account opening, closing or management" at Wells Fargo.

By comparison, Citigroup was the subject of 1,722 complaints of the same type; 1,409 were filed by consumers against JPMorgan Chase & Co; and consumers filed 2,119 against Bank of America.

Looking at it a different way, about 1.26 of these complaints were filed for every billion dollars deposited with the company, based on deposit data collected by S&P on June 30th.

This falls right in the middle of four major banks: Citigroup had a ratio of complaints of 1.84 per billion dollars and Bank of America had a rate of 1.74. JPMorgan Chase & Co. was lower at 1.06 complaints per billion deposited.

The report also looked at complaints regarding unsolicited credit cards that were issued, which was at the core of the allegations made against Wells Fargo earlier this month.

Interestingly, Wells Fargo generated the lowest number of these complaints among the four comparable banks -- just 28 between Jan. 1, 2015 and Sept. 20, 2016.

Meanwhile, Citi spurred 83, JPMorgan Chase caused 59 complaints to be filed and Bank of America generated 31.

While Wells Fargo’s number initially appears to be the lowest among the four, when looked at in relation to the amount of credit card loans it makes, it is actually generating more complaints than the other three banks.

It is important to note that these are only consumer complaints and the CFPB has not verified the claims are true.

"We don’t verify all the facts alleged in these complaints," the CFPB states on its website, "but we take steps to confirm a commercial relationship between the consumer and the company."

And while any allegations in the complaints are unproven, the CFPB has said that it can use them as leads to pursue investigations.

"Consumer complaints are the CFPB’s compass and play a central role in everything we do. They help us identify and prioritize problems for potential action," CFPB Director Richard Cordray said in July 2015.

A spokeswoman for Citi said, "We regularly review our policies and practices to make sure colleagues only offer appropriate solutions to clients that deliver value and transparency ... With regard to the 'account opening, closing or management' category, from the creation of the database in 2012 through 2015, Citi is again amongst the lowest compared to peers. In fact, many of the 2016 complaints pertain to promotional offers for which some customers were not eligible."

The Citi spokeswoman also said that in the credit card category, when considering the "the total number of credit card accounts-in-force for each issuer ... Citi's complaint volume would be among the lowest in the industry." She added that 18 of the 52 complaints mentioned in the S&P report were due to a misunderstanding around a promotional credit card.

A Wells Fargo spokeswoman said, "We take customer complaints we receive through any channel, including the CFPB database, very seriously."

A spokesperson for JPMorgan Chase & Co. did not immediately return ABC News' requests for comment.

A spokeswoman for Bank of America declined to comment.

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ABC News(COLUMBUS, Neb.) -- Avon, the direct-selling company for beauty products, first started employing women as sales representatives 130 years ago, in 1886 -- that's 34 years before women earned the right to vote.

Opal Greene’s history with the company goes far back as well. She received her first brochure from Avon in July of 1962. Today, more than 50 years later, she is 94 years old and still going strong.

She now has a friend helping her out but she still goes door to door to her customers every two weeks in Columbus, Nebraska, and passes out about 40 catalogs each time.

Her customers are no longer just customers -- they're dear friends.

"I love them and they love me too," she told ABC News.

This interaction, according to her grandson, Ben Greene, is what keeps her going.

“I just can’t say enough about her determination. She’s built so many great relationships with people and it’s not just about selling lipsticks anymore,” he said. "To be honest, I don't know if there's one person in Columbus that doesn't know my grandmother."

Greene is a tough cookie. She’s endured a plane crash, a brain aneurysm, colon cancer, and a year and a half ago, a car accident.

“I walked around selling Avon two days before,” she said of the time she was diagnosed with a brain aneurysm.

Will she ever stop selling products for the beauty company? “When my day is up, I imagine,” she said.

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iStock/Thinkstock(NEW YORK) --  Almost 25 years after "Mrs. Doubtfire" was filmed, the home used in the famed Robin Williams comedy is on the market for $4.45 million.

The 4-bedroom, 3,300-square foot home, located in San Francisco, was used by Williams' character, Mrs. Doubtfire, so that he could be close to his kids during a tumultuous divorce.

The listing, by realtor Steve Gothelf, features plenty of pics and exclusive looks from the inside of the house.

 It has changed a bit, of course, with a "remodeled kitchen" and "lower-level family room or office with hardwood floors and remodeled full bath with shower" since the film's 1993 release.

Williams committed suicide in 2014 and local San Francisco news site SF Gate adds that the home is "a shrine of sorts" to the late comedian, with flowers often left on the sidewalk.

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iStock/Thinkstock(WASHINGTON) — There's a lot of appeal in the idea of a volunteer vacation: giving back while getting away, getting to know the "real" people of a the place you're visiting and using your skills to help others.

But volunteer vacations are being questioned on how much good they actually do the local population, and at the same time, volunteering overall has become less popular, according to the most recent data from the Bureau of Labor Statistics. In the year ending September 2015, the number of Americans who volunteered had declined from the previous year.

Still, many travelers are interested in being more than tourists.

Rob Harper, co-owner and director of business development at Namu Travel, said his clients are excited about giving a day of their vacation over to the local community. The company, which interviews each client before putting together their trip itinerary, books trips to Nicaragua, Panama and Costa Rica.

"It's not that people don't want to give a week or more to volunteer," he said, "but logistically that can be very difficult. When they find out we can book it for them, they build it into their trip."

For example, clients who fly into San Jose, Costa Rica, have the opportunity to volunteer in a soup kitchen in Alajuelita for a full or half day. The client has transportation to and from the soup kitchen.

"They pay for the experience," Harper said. "Let's face it, these places need your time and your money."

In Nicaragua, guests that book the Jicaro Island Ecolodge have the opportunity to visit a school on a nearby island where the children have outdated books and limited bathroom facilities. "The client may plan ahead and coordinate with the school on bringing down the supplies they need, or they can participate in a clean-up effort," Harper said.

Even cruise ships, primarily associated -- whether fairly or not -- with high seas hi-jinks are getting in on giving back. In June 2015, Carnival Corp. debuted the new brand Fathom, with itineraries that are either Cuba or Dominican Republic-based. The Cuba trips are based on cultural immersion, but the trips to the DR are focused on volunteering. Cruisers can participate in activities ranging from supporting English language skills -- a skill demanded by the local tourism industry -- to working in a women's cooperative to pouring the foundation in community homes.

The "impact activities" range in price from free to $20.

For those who don't want to give up time off, there's a new way to book travel and donate to a charity of choice. Book Here, Give Here was started by Loulu Lima last year and donates to vetted charities with each booking. It's no cost to the client, she said, and instead comes out of the company's commission. Group, wedding and corporate travelers can customize their charitable donation.

The company also asks suppliers to match the donation, potentially doubling the impact.

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Thaxton Family/ABC News(WASHINGTON) — The U.S. Consumer Product Safety Commission (CPSC) has issued a warning about certain top-loading Samsung washing machines after reports that some had exploded, ABC News has learned exclusively.

The agency said it is working with Samsung on a remedy to fix the issue that apparently affects some units made between March 2011 and April 2016.

At first, Melissa Thaxton, 32, of Dallas, Ga. thought her Samsung washing machine was a lifesaver.

“It was just perfect,” Thaxton said.

But she says that changed on the morning of April 8, 2016. Thaxton says she was standing next to the running machine when it exploded.

“It was the loudest sound. It sounded like a bomb went off in my ear,” Thaxton said. “There were wires, nuts, the cover actual was laying on the floor.”

Thaxton says what made it even more frightening was that her then- 4-year-old son, Luke, was right next to her.

“I just remember covering my head and leaning towards my son and just screaming this scream that I didn’t even know I could scream,” she said.

In a similar case in Holly Springs, NC, Sarah Price, said her two-month-old top loading Samsung washing machine flew apart, too.

“Any one of us could’ve been in here,” Price said.

These aren’t the only cases.

GMA Investigates has learned that since early last year, 21 people have reported to the CPSC that their top-loading Samsung washing machines have exploded or blown apart.

Thaxton and several other plaintiffs are suing Samsung in federal court in New Jersey. Their lawyer, Jason Lichtman, argues that a support rod in the top-loading Samsung washing machine is insufficient to hold the tub in place and can become unfastened during the spin cycle.

“The rod can slide right out,” Lichtman said. “And that’s what causes the washing machine to blow apart.”

In a statement late yesterday Samsung told GMA Investigates: “In rare cases, affected units may experience abnormal vibrations that could pose a risk of personal injury or property damage when washing bedding, bulky or water-resistant items. It is important to note that Samsung customers have completed hundreds of millions of loads without incident since 2011.”

Until the remedy to this safety issue is in place, the CPSC and Samsung Wednesday are advising consumers to only use the delicate cycle when washing bedding and bulky items. They say the lower speed lessens the risk of impact injuries or property damage due to the washing machine becoming dislodged. Consumers can contact Samsung for more information and to determine if they have an affected washing machine.

Thaxton said that Samsung offered her a refund, but she said she’s taking it to court instead because she wants to warn other people about the problem.

“If that would have hit my child there is no telling. It would have been catastrophic,” Thaxton said. “And that’s why I’m speaking out.”

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Raymond Boyd/Getty Images(NEW YORK) -- Two days before Wells Fargo CEO John Stumpf was set to testify at a House hearing over an accounts scandal that has gripped the company, the bank's independent directors have announced that he will forgo $41 million worth of promised compensation as well as his usual salary as it launches an investigation.

The directors also announced that Carrie Tolstedt, who until July was the head of Wells Fargo's community banking division -- where workers opened bank and credit accounts using customer information without permission -- has left the company.

She was slated to leave at "year's end," according to a retirement announcement.

Tolstedt, who has been the subject of scrutiny in recent weeks, will not receive a bonus for the year and will not receive severance pay, the directors said in a statement. Similar to Stumpf, she will forgo promised share compensation worth about $19 million.

Stumpf, who has been CEO since 2007, will also not receive a bonus, the statement said.

Separately, in remarks prepared for Stumpf's appearance before the House Financial Services Committee on Thursday, which were obtained and reviewed by ABC, the CEO is expected to say that the bank is moving up the date it will end its controversial sales program from Jan. 1, 2017 to Oct. 1, 2016.

The compensation and investigation announcement comes as Wells Fargo attempts to recover from a scandal that kicked off on Sept. 8, when regulators alleged that employees opened or applied for accounts without customers' knowledge or permission.

A portion of the accounts generated more than $2 million in fees, according to Consumer Financial Protection Bureau documents, and some 5,300 employees were fired, authorities said.

The company was fined $185 million and a federal investigation has been launched. The Los Angeles city attorney said that bank workers were opening the accounts to receive monetary rewards by meeting sales goals.

On Sept. 8, the company issued a statement which said, "we regret and take responsibility for any instances where customers may have received a product that they did not request."

The directors did not rule out that previous compensation could be clawed back, as some have called for.

"Based on the results of the investigation, the Independent Members of the Board will take such other actions as they collectively deem appropriate, which may include further compensation actions," Lead Independent Director Stephen Sanger said in the statement, where he noted that "clawbacks" were on the table.

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HEIKO JUNGE/AFP/Getty Images(GUADALAJARA, Mexico) -- Humans could set foot on Mars within the next 10 years -- at least if SpaceX CEO Elon Musk has his way.

The billionaire entrepreneur, who also happens to be the CEO of Tesla Motors, chairman of renewable energy company Solar City and co-founder of PayPal, Tuesday unveiled his ambitious plan for colonizing the Red Planet.

His concept -- which he offhandedly admits amounts to a “fairly significant technical challenge” (it is rocket science, after all) -- involves building and launching a 400-foot carbon-fiber spacecraft, sending a reusable rocket to refuel it mid-orbit, then deploying the spaceship’s built-in solar array and sending it off on a 3- to 4-month journey to Mars, only to be refueled by methane gas produced on Mars and sent back to Earth.

Musk’s so-called “interplanetary transport system” is designed to dramatically reduce the cost of the trip, currently estimated at around $10 billion per person, to just $200,000 or so per person, the 45-year-old explained at the International Astronautical Congress in Guadalajara, Mexico. Eventually, he hopes to build up a “fleet” of 1,000 or more, each carrying 100 to 200 passengers bound for a new life on Mars.

In Musk’s view, a self-sustaining Martian city could serve as humankind’s insurance policy against a “doomsday event” which could out intelligent life on our home planet.

But for those first intrepid explorers -- who Musk has repeatedly compared to America’s early colonists -- the trip will be a perilous one.

"Basically, are you prepared to die?" Musk asked. "If that’s okay, you know, you’re a candidate for going."

Once you get over the fear of death, of course, “it’d be, like, really fun to go!” Musk said, noting that his plan includes movie screenings and lectures en route.

Eventually, SpaceX wants to send a million people to Mars, a feat Musk believes they could achieve within about 100 years of the first manned mission, which could be launched as early as 2024.

Building such a complex system will cost a lot of money -- so much that Musk hasn’t yet named a dollar figure. But funding the dream is the main reason Musk is “personally accumulating assets,” he said -- and once they make some progress, he hopes public support will “snowball.”

(Tuesday's announcement, however, comes just weeks after a high-profile, dramatic explosion on the launch pad in Cape Canaveral, which destroyed one of SpaceX's Falcon 9 rockets and its payload. The company has since said a helium system breach is likely to blame for the "anomaly," and announced it would return to flight as early as November.)

Travel to Mars “would be an incredible adventure,” Musk mused. “I think it would be the most inspiring thing that I could possibly imagine.”

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