The oil price is still higher than the five-year average and 15-year average. The Saudis are pushing for around $80 to $85 a barrel, but it doesn't seem like they have the capacity to do that just by manipulating supply. Having slightly lower oil prices could be good for consumers this summer. But we're in a place where having really high oil prices may be damaging for the global economy.
Bloomberg News Senior Wealth Reporter Heather Perlberg talks about how a $1.5 trillion program for home buyers is propping up banks. Chris Miller, Associate Professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology, shares his insight on the latest news from the volatile semiconductor industry. Dr. Ellen Wald, President of Transversal Consulting, discusses Saudi Arabia’s pledge to shave an extra 1 million barrels-a-day from its production in July. And we Drive to the Close with Lisa Erickson, Head of Public Markets Group at U.S. Bank Wealth Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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