Lyft Slip Could Impact Other Unicorns, Economists’ Failing Forecasts, Microsoft’s Subscription

Eric Newcomer, Bloomberg News Startup Reporter, explains what Lyft falling below its initial public offering price of $72 a share on its second day of trading could mean for other Unicorn IPOs. Lauren Berry, Bloomberg News New York Deputy Bureau Chief, discusses congestion pricing, a plastic bag ban and a mansion tax all included in the New York state budget. Peter Coy, Bloomberg Businessweek Economics Editor, talks about why economists are not good at forecasting recessions. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Tech Reporter Gerrit De Vynck discuss Microsoft introducing a Netflix like video game subscription service. And we Drive to the Close with Tony Roth, Chief Investment Officer at Wilmington Trust. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan 

See omnystudio.com/listener for privacy information.