Chilly start to the day. Weather and traffic with tucker and erin. Overnight lows in the 30s there. Definitely chilly conditions and beautiful tuesday. Details on the weather, erin. Roads are in full swing. Lot of congestion 95 northbound crawl there thats not a only slow zone. 66 eastbound closer look at those and look at metro with first full look at traffic, allison an steve. Erin thanks very much a minute past the hour breaking over night we start with tram academy Northern Virginia violent crash. The car slammed into utility pole guardrail and free. Two other people in the car went to hospital in non lifethreatening injuries. Airport after chaos erupted over flight cancellation after Spirit Airlines cancelled in my opinion flight because of legal dispute. And video posted to switer showing angry passengers at the Spirit Airline Pilot Association over labor negotiations union says thats not the case and several were taken into custody, the white house reportedly considering expandi
Chilly start to the day. Weather and traffic with tucker and erin. Overnight lows in the 30s there. Definitely chilly conditions and beautiful tuesday. Details on the weather, erin. Roads are in full swing. Lot of congestion 95 northbound crawl there thats not a only slow zone. 66 eastbound closer look at those and look at metro with first full look at traffic, allison an steve. Erin thanks very much a minute past the hour breaking over night we start with tram academy Northern Virginia violent crash. The car slammed into utility pole guardrail and free. Two other people in the car went to hospital in non lifethreatening injuries. Airport after chaos erupted over flight cancellation after Spirit Airlines cancelled in my opinion flight because of legal dispute. And video posted to switer showing angry passengers at the Spirit Airline Pilot Association over labor negotiations union says thats not the case and several were taken into custody, the white house reportedly considering expandi
Hour. Also joining us, former apple evangelist, guy kawasaki. The headline on barrons, are unicorns killing the ipo market. 31 companies have gone public so far this year compared to 69 at this point last year. 115 in 2014. The article speculates that rising regulation along with an excessive amount of vc money as culprits for the slowdown. Mike, as a barrons alum, what do you think they are trying to tell us . I think they are trying to weigh in on what this means for the markets and just what kind of market environment were in. Not so much about that kind of corporate strategic decision by a private company whether we should come public or not, but as this piece points out, typically when you have had one of these droughts in ipos its been good for forward market returns because it means the market is not very frothy, not looking for the next hot thing. Im sure you can go to an opposite extreme and say its kind of an unhealthy market if nobody feels as if its worth going public. Its
Prices settled above 51 a barrel. Thats an 11month high and nearly double the lows hit in februa thanks to one of the most powerful crude rallies in years. Experts stay a sustained price just above 50 a barrel takes some of the pressure off of producers yet its not enough to translate into sharply higher price at the gas pump for consumers. We look at where Oil Prices May go next and how long they may stay in this sweet spot. Reporter oil prices are the rise from february lows where crude got dangerly close to 26 a barrel. An interesting dynamic emerging. In a higher priced environment perhaps producers will pump more crude. Producers will feel more ease now. I think the profitability area is between the mid 50s and 60. I think then theyll start to think about getting back in the game. Reporter the Energy Administration reported prod for the first time in 15 weeks and last week it increased which surprised the market. When prices go up it pushes price back down. Its supply and demand.
Prices settled above 51 a barrel. Thats an 11month high and nearly double the lows hit in februa thanks to one of the most powerful crude rallies in years. Experts stay a sustained price just above 50 a barrel takes some of the pressure off of producers yet its not enough to translate into sharply higher price at the gas pump for consumers. We look at where Oil Prices May go next and how long they may stay in this sweet spot. Reporter oil prices are the rise from february lows where crude got dangerly close to 26 a barrel. An interesting dynamic emerging. In a higher priced environment perhaps producers will pump more crude. Producers will feel more ease now. I think the profitability area is between the mid 50s and 60. I think then theyll start to think about getting back in the game. Reporter the Energy Administration reported prod for the first time in 15 weeks and last week it increased which surprised the market. When prices go up it pushes price back down. Its supply and demand.