today, i'm talking to jeremy grantham, cofounder of boston's gmo.ing days of the trump administration, jeremy warned u.s. stocks are in a bubble of epic proportions. now, he worries more stimulus to fight the covid-19 pandemic will only inflate the bubble further, and no amount of fed liquidity can stop it from bursting. jeremy: this is a monetary game. and you can keep these little

markets in fact, german grantham recently said there are obvious levels of super enthusiasm that thee will burst in months, not years. we're joined by ed benching. ed, first of all, welcome to the program. good morning. thanks for joining us. you, i guess agree with jeremy grantham in the sense that we will have a correction of some sort fairly soon in u.s. equities, right? ed: well, i certainly think, matt, that that is the risk, because we had a very big movement in equity markets, and i think that rather than think there is big bubble, i see a number of many bubbles appearing -- mini-bubbles appearing in the market. specs, which are -- spacs, which have done very well, cryptocurrencies. there's a long list of min i-bubbles. in terms of retail enthusiasm, while and for democratization of stock market, there are some concerning signs looking at things like the explosion and call option volumes in the u.s. for retail investors. these are weapons of mass destruction. i'm not sure this is the best way for new retail investors to be investing in the stock market, and that's why i sugges

all else and that is margaret thatcher who brought it into government from her father's shop in grantham . so in terms of getting the idea and to policy effect i mean do we need john maynard keynes do we need some of that or to the grass the idea of and ram it down the floats of the chancellor of the exchequer of the governor of the bank of england have been how's this going to be done out of the opportunity that exists when a crisis is greater than the exists the normal times and the crisis that that people come forward to take risks to get the job done what's the prospects of that happening now what we need are 2 things we naturally political leaders who will listen to the thinking this week create it and that's what happened in the 1930 s. roosevelt was willing to take the risk on the likes of keynes so we need political leadership which is willing to break out of this cycle of a standard you cannot mix and certainly in the 2 leading u.k. parties at the moment the largest ones labor conservative we're not seeing that and we also need our people to communicate the message you doing tha

he was lord grantham in downton abbey and mr brown in the paddington films.hugh's been speaking to our entertainment correspondent, colin paterson. my name is roald dahl. some of you may know my books. well done forjohnny and the giant... pineapple. thank you. hugh bonneville, if someone thinks, "ah, there's a new roald dahl film, let's get the kids round and watch it together!" they could be in for a bit of a shock. tell us about to 0livia. yes, it's not quite about how james and the giant peach came to be written, i'm afraid. it's a very sobering and adult story about a tragedy that befell roald dahl and his first wife patricia neal, who was a celebrated film and stage actor, when they had three children. the eldest of them, 0livia, succumbed to measles in the early 19605. this was before a vaccine for measles was available widely. we had two daughters, olivia and tessa. livvy? but a story can have many pages. the film is a portrait of grief and you made it not long after a real period of loss in your family. how much did that infuse your performance? 0h, w