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Start talking about technology. The first thing is im well aware that many of you have no idea who i am and so thank you for showing up out of the spirit appear to gossip. I think it speaks very well of you that i know theres some really, really big names at the festival and i feel very honored to be among them so thanks for coming. So who am i . A few things. I write a column called the undercover economist for the financial times. Thats the pink newspaper thats really good. I recommend it. Thank you, sir. The second thing is i present bbc radio. I present a show for the Bbc World Service cal...

Writers festival. This is 45 minutes. Please welcome tim harford. [applause]. Thank you very much everyone. Host i dont believe in long preambles but i thought i should say a few words. I am well aware the many of you have no idea who i am printed as a thank you for showing up on the spirits of pure curiosity. It speaks very well of you. Even though its a really big name for the festival. I feel very honored to be amongst them. So who am i, few things. Already called the undercover columnist for the Financial Times. It is really good. I recommend it printed thank you sir. [laughter]. The secon...

The left column, a lot of those names in the green. Banking names as well. The rest of the region still seeing a lot of pressure. The split is tilted towards more downside. In terms of the sector groups as well, the similar to what we have seen. Youre getting a lot of upside in names like resources, banks, financials are seeing pressure overall. Down for a sixth straight session. 25 from the peak a couple of eci weeks ago. Yvonne back from the slopes. And back in hong kong. Steve, we have been talking about that pivot from President Trump. Painting a dire outlook on this outbreak in the u. S. ...

Against shortterm Municipal Bonds. Banks buy them from money market funds and then can get loans aga against them at the Federal Reserve, to address strain in another market, 3. 8 trillion market for state and local government bonds and airport bonds, all kinds of stuff in there. Only a part of that is eligible for financing at the fed these are assets that were held by money markets and money markets have been shedding assets in part because theyve had draw downs from corporate borrowers andenutional borrowers seeking to raise cash. Part of the seizing up of the financial system, the fed tryi...

Aware many of you have no idea who i am so thank you for showing up out of the spirit of pure curiosity. I think it speaks very well of you and i know theres really big names at the festival and i feel honored to be among them so thanks for coming. Who am i to mark a few things around i write a column called the undercover economist for the Financial Times. At the pink newspaper thats really good. I recommend it. Thanks baxter. And the second thing is i present bbc radio so im present a show for the Bbc World Service called 50things that made the modern economy. Ive presented a show for bbc ra...