Now one of the things that has been possible in me is that all of the call that 19 pandemic is that in many countries its economists spread merrily liberally minded economists who are very much in favor of the strictest possible while many it could mean all the just and other Public Health professionals are a forum or are reserved about such tools mashers how do you explain that. What i think it what economists did early on starting in march the reason university of chicago study was they took the most extreme. Model which was the Imperial College of london model which has been shown to be fundamentally flawed and they said ok lets take that as given and then lets look at lets kind of see what policies will save how many lives and they came up with us an astounding measure 1760000 wives which now by the way birch really no one believes that anyway thats what they said and then they took this value of a statistical life that economists talk about i can explain that a little more she was
While to discuss that im now joined by David Hammond arsen a Research Fellow with the Hoover Institution at Stanford University professor henderson its good to talk to you thank you very much for your time and if youre actually now one of the things that has been possible in me is that all of the call that 19 pandemic is that in many countries its economists spread merrily liberally minded economists who are very much in favor of the strictest lowdown possible while many at the dimmy all exist and other Public Health professionals are a forum or are reserved about such tools mashers how do you explain that. What i think it what economists did early on starting in march the reason university of chicago study was they took the most extreme. Model which was the Imperial College of london model which has been shown to be fundamentally flawed and they said ok lets take that as given and then lets look at lets kind of see what policies will save how many lives and they came up with us an ast
Actually now one of the things that has been possible in me is that all of the call that 9000 pandemic is that in many countries its economists spread merrily liberally minded economists who are very much in favor of the strictest possible while many it could mean all exist and other Public Health professionals are a forum or are reserved about such tools mashers how do you explain that. What i think it what economists did early on starting in march the reason university of chicago study was they took the most extreme. Model which was the Imperial College of london model which has been shown to be fundamentally flawed and they said ok lets take that as given and then lets look at lets kind of see what policies will save how many lives and they came up with us an astounding measure 1760000 wives saved which now by the way birch really no one believes that anyway thats what they said and then they took this value of a statistical life that economists talk about i can explain that a littl
Cigna came in with great earnings and a revised higher fullyear forecast. The stock taking a bit of a dive down 2. 5 . 5 coming up, we will hear from the ceo David Cordani after that result. Guy lets talk about what is happening in europe. The oil sector is lower because of shell. The Mining Sector is down. Chinese pmi data was super weak overnight. That is what we are focusing on, particularly the manufacturing side. Weve got this sorry surrounding what is going on with the trade narrative. The lighthizer deal, basically the chinese arent convinced. Volume is reasonably good today. We are seeing a big moving yields, as you can see. Bonds are bid, yields moving lower. We are 41 on the german tenyear. Chinese data is feeding into that story. Treasury yields moving exactly the opposite direction you would have thought if the fed is going to stand pat from here. Keep an eye on the 97 level on the dxy. Eurodollar, 1. 11. We are absolutely flat on the session. Vonnie the fed cuts for a Thir
Terrifying. It is a National Crisis and what is worrying at the moment is that the government is not treating it like a crisis. It has not have Cobra Meetings. Ed miliband was tweeting earlier that when we have things like foot and mouth, there were Cobra Meetings and it was coordinated as a national level. There were Cobra Meetings and it was coordinated as a National Levelli Wa Nt to coordinated as a national levelli want to look at the Sunday Telegraph, they are saying it is not just about cladding, installation is the real inferno threat. It will have to widen out the scope of the investigation and maybe that will trigger these emergency meetings. The cost of what will have to be doneis the cost of what will have to be done is now having a significant threat to budgets of government, local governor and national government. This seems to be an escalation. And it has to be done. Nobody can be a cheapskate is now. In case Something Else happens. And they were to blame. It is going to