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Briefing from downing street which was held earlier today. It was led by the culture secretary, 0liver dowden. Im pleased to bejoined by professor steve pallas. First of all, i would like to update you on the latest data in respect of the coronavirus response. First of all, 2,000,960 tests of coronavirus have now been carried out in the united kingdom. That includes 177,216 tests which were carried out yesterday. 248,293 people have tested positive. That is an increase of 2472 cases since yesterday. 9953 people are currently in hospital with coronavirus, that is down 13 from 11,443 this time l...

Decline and that is a forwardlooking indicator on this, not so much tragic deaths but we like to focus on that is assigned to come to the process and we to go to the hospital and then you see what youre doing in the hospital in the most severe cases and ends up on a ventilator, and then sadly you die at that point but that is a logging part, if you see a downtrend in the number of people getting in to the hospital and encouraging and keeping an eye on it, the governor of new york is outlining other promising developments as well, we will get into that later in the show, minutes await the presi...

To cross and more im joined by my guest william look there are employer hes an assistant professor of economics of Florida Atlantic university as well as a director of the sound money project at the American Institute for Economic Research and in beijing we crafted to go he is the Vice President of the center for china and globalization harjo in crosstime group in effect that. Just a few hours ago unemployment data was just released now were up to over 20000000 people applying for unemployment in the United States who would have thought even 6 weeks ago its extraordinary and being a historian ...

Out its terrifying to hear how it is you know this pandemic will be resolved its all a matter of question and resources and patience because i understand that because ive been locked down for a month now and its getting very very tiresome. How is this pandemic going to impact a recovery if there is a recovery and i never thought in my lifetime i would ask about is there going to be a recovery because were seeing such amazing numbers that are just terrifying for the average person frankly go ahead william that we are were dealing primarily with a temporary supply shock right its a pandemic and ...

A recovery that just as quick at the downturn. You know the virus is eventually going to run its course and when it runs its course most of us are going to return to the to the Consumption Patterns that we had before will consume the same goods and services and most of us are going to return to the jobs that produce those goods and services but there there are 2 factors that could significantly change that it could change the the shape recession into a huge shaped recession where the depth of that recession the low output lasts much longer and the recovery kicks off much later in the 1st in th...