tom: the whole thing goes to the late alan krueger. jonathan: coming up, mark howard. from new york, this is bloomberg. leeann: economists at goldman sachs have cut their forecast for growth this year and next. the bank claims -- goldman expects 5.6% growth in 2021. meanwhile, goldman also predicts the equity market will continue to rally. report says investors will gain confidence that the current pace of inflation will not last. the u.s. has arrested a navy department employee and his wife for allegedly selling secrets on nuclear powered submarines. according to the justice department, the buyer was an fbi agent posing as a foreign official. the case involved cryptocurrency payments and a memory card hit it inside a peanut butter sandwich. hong kong's chief executive is defending coronavirus travel restrictions. in an interview with bloomberg tv, carrie lam signaled the curve will stay in place for the foreseeable future, even while singapore allows more quarantine free travel. she says mainland chinese officials want hong kong to follow their own strict approach to

jonathan:jonathan: always thinking of the late, great alan krueger on a morning like this morn.morning to his family, if they are listening or watching. equity futures down 16 on the s&p, -0.4%. from new york city this morning, with tom keene, i'm jonathan ferro together with kailey leinz. lisa will be with us tomorrow when that bond market is reopened. that is what they are hoping, and then we disappoint them at 6:00 eastern time. german bunds getting back to -12 basis points. higher on wti, advancing 2.9%. this is bloomberg. ♪ jonathan: from york city for our audience worldwide, i'm jonathan ferro. kailey leinz with us. lisa back tomorrow. earnings begin on wednesday. equities lower 16 points, down one third of 1%. yields higher on bunds by three basis points. foreign-exchange not doing much. $81.36, positive 2.6%. tom: we have to scope this out. people have a good idea of the 10 year yield from 1.12 up to 1.61. the german number is pre-much foreign. the answer is it was massively negative and is almost back to zero. jonathan: getting back to zero and having another look. we d

before you go, we were all thinking of the late, great alan krueger and i know you were too. what are your thoughts on that? danny: i am so pleased they got the prize. but if you read the thing from the nobel prize, most of this was with alan. i was pleased but it was a sad day. it was a great day for the week he did. he was issue in for the nobel. he should have been there on the stage. his work was brilliant and wonderful. we miss him hugely. jonathan: we all miss him this week. 11 thinking about the work of alan krueger and others -- you have been thinking about the work of alan krueger and others that it had to change and make it be something we can work with. danny: eventually you have to stop and start to award the people. in essence, it probably should have come first to kruger. but i think we will see and you could look back and say what did peace -- that what did these people find? i think increasingly what we will see a prize given to people who found stuff. and they found stuff about the minimum wage. they worked on stuff about immigration and the rate of return to

well, this is work i with alan krueger, - what you discovered? the time, and we learned that newjersey was going to raise its minimum wage — so we thought about how we could study that, and we realised if we got working quickly, we could conduct a survey on two sides of the delaware river stop on one side is new jersey, where minimum wage was going to go up, and on the other side was pennsylvania where it was not. so at the time just before the memo went out in newjersey, they had the same with minimum wage, and similar conditions. after the minimum wage went out, we thought it would allow us to see what happened and nurtured —— in newjersey and philadelphia. there was no loss of employment in newjersey — not something you could say was an increase to make a significant increase in newjersey. significant increase in new jersey. . now do you know why employers now -a in: . now do you know why employers now paying employees _ . now do you know why employers now paying employees more _ . now do you know why employers now paying employees more on _ .