Hello and welcome. To those whoul have joined us this afternoon. We will introduce him in a moment. Video is muted, but we are eager to incorporate your questions to the degree that time allows. Andill record the session posted the video afterwards to the benefit of everyone. Discussions with the former under secretary of defense next thursday, may 28. Now i will turn it over to the director of the Jackson Institute for Global Affairs to introduce our special guest. Thanks and welcome. As we grapple with the ramifications of this pandemic, we are grateful jackson to have a Wonderful Group of faculty and senior fellows whose expertise we can draw. Is dr. H individual howard dean. Physician, six term governor of vermont, president ial candidate, president of the National Government association and the Democratic National committee. Much of that is well known. What may be less wellknown is in new haven, governor dean is professor dean and he teaches an incredibly popular undergraduate sem
Everyone, andoon, welcome to our ninth jackson virtual discussion forum, our series of online gatherings on covid19 and Global Affairs exploring the farreaching impact of this pandemic. We are thankful to senator murphy and jackson senior fellow governor dean for joining us this afternoon. We will introduce them in a moment. Attendees, have your volume and video muted but we are excited to incorporate your questions as time allows. You can submit those using the q a feature in zoom. We will record this session and post a video afterward to the benefit of everyone. Stay tuned for Upcoming Forum discussions, former under secretary of defense will join us next thursday, may 28 and now i will turn it to jim levinsohn, director of Yale Universitys Jackson Institute for Global Affairs to introduce our special guest. Thanks, ted, and welcome everyone. As we grapple with the ramifications of this pandemic, we are grateful jackson to have a Wonderful Group of faculty and senior fellows whose ex
Bloomberg surveillance, im Francine Lacqua in london. There is movement on the pound because what we heard from the boe. It has been absolutely amazing trying to figure out exactly the premise at which mr. Bailey is expecting the economy to do. We understand the bank of england is expanding stimulus as soon as next month to help the battered u. K. Economy. He once again reiterated that there is an unwavering pledge, which basically means that the market is taking it as further boe action possibly being imminent. Set and of england will asked if necessary to deliver the monetary and Financial Stability to deliver longterm Financial Stability. We are speaking to governor bailey later on. Know whether that means we have negative rates next, but certainly to have an impact on euro. I thing we have a data board for you. Is an actionfilled Currency Central Bank kind of day as we also heard of a lowered benchmark rate from norges bank. Lets get straight to the bloomberg first word news. Top t
Ready and waiting. Jerome powell says the fed is willing to use all weapons to combat the coronavirus downturn. Philip lane says the ecb is prepared to boost bond buying. Andrew bailey testifies in front of lawmakers today. A lot of centralbank action. Global coronavirus cases near 5 million, as one report throws cold water on modernas vaccine testing. That is what drove stocks lower yesterday and now we see futures down here, up in the u. S. And asia, say mixed picture. J. P. Morgan joins a Goldman Sachs in saying that further quantitative easing is needed to cap bond yields. The u. S. Is so strong a billion dollars of 20 year treasuries today and it looks like a lot more supply is getting mopped up by the central bank. An hour away from the start of cash equity trading in europe. Take a look at the picture here. Arrowslooking at all red in terms of futures, euro stoxx, ftse futures and dax futures are down. If you take a look at the u. S. Futures picture after the downturn yesterday,
United kingdom, the issuance of a gilt with a negative rate. Francine we have been debating negative rate for a couple of weeks since Andrew Bailey said they cannot rule it out. Is at theates forefront of the next debate. , they say thise is a terrible idea when it comes to pound and then you have a brexit dynamic. Negotiations are not going well. Andrew bailey testifying in about three hours and a half from now. Tom adrian paul from Goldman Sachs publishing moment ago, and asmakes a sharp Distinction Service sector disinflation. In the united states, we see goods deflation and disinflation for some time but a 3 persistent Service Sector their inflation in the united states, adrian paul looking at the information saying maybe not. Service sector deflation is here. Join us fory to moments on the conundrum of small and mid cap. News. Ur first word ritika President Trump and republican progression a leaders congressional leaders are Standing Firm against another round of stimulus. The pre