david blanchflower is with us. it is like a professorial thing with blanchflower.pated. we will come back and dive into not working. where have all the good jobs god? david blanchflower, i get more mail on this topic than any other topic. stay with us. this is bloomberg. good morning. ♪ francine: -- airbus kicking off the paris air show by announcing a big deal. forcompany winning in order 100 single aisle planes. they could be valued at $11 billion. airbus is close to a $4 billion deal to sell the new version of the a330 to virgin atlantic. virgin expected to buy 14 of the airplanes. goldman sachs is breaking its status set u -- as a private equity giant. is relying less on its own balance sheet. bloomberg learning that goldman will consolidate the investing activities of multiple units to add more to its purchase banking division. h&m gaining for a fifth straight quarter, beating estimates. the swedish company has been trying to reduce a bill and and a three year slump in earnings. and has beengled investing heavily in online platforms. that is the bloomberg busi

gap you print money that's where we go maybe you can settle an argument i've been having a dandy blanchflower former yes he was one of the top guys at the bank of england he's an economist i made the point i'm number of years ago that this type of quantitative easing doesn't fight the flay ssion in fact it causes deflation in that we mean the increase in zombie debt am i not now the winner of this debate alister quite clearly you oh thank you how is a brilliant man. sir and let's move on ok so on that note it looks like the fed cuts yeah still the markets at all time highs of course but this is doesn't let me ask you this donald trump love the fact that the markets are doing great and stock markets are going higher if that were true alister does it isn't that when you would see rates go higher higher rates indicate a booming economy not rates going down to a 4th out there well basically the devaluation of the stock market is if you like based on ultra low interest rates and the prospect perhaps as you just mentioned of even negative interest rates and you know on that basis your valuation for