now to talk about the economy as if we were in davos, is janet henry, hsbc global chief economist. thank you for joining us. always a good thing on a monday morning to talk about what kind of recovery we will see. at the moment, janet, the market is closely following stimulus, expecting more from central banks, ignoring the lockdowns, ignoring the fact that vaccination rollouts could be slow. what kind of general world recovery are you expecting? janet: i think the financial markets are obviously focused on the idea that we are going to get more stimulus and a bigger reopening, and that things are bad in the short term. if anything, that means we will get even more stimulus. the recovery we are looking at is that we have started the year on a softer footing, particularly in europe because for much of europe things are going back into recession. but pretty much everywhere we have seen softening of gdp across much of the world, particularly in a section where things might have revived. through the course of the year we are looking at something that is increasingly uneven, and to some

joining us now is janet henry, hsbc global chief economist. s of expectations seem to be now for rising inflation? we saw a chart earlier of the breakevens which is now up over 2%. we see 10 year yields and 30 year yields rising and the spread from the two-year getting bigger. in some ways it is inevitable. short-term, things are still looking very challenging even aside from the human tragedy, it is quite clear that the various economies around the world got off to a weak footing for 2021. even in asia. in australiaons and rising cases in china. and we know what is happening in europe. we start with the expectation of the rollout of the vaccine and bigger stimulus. we know that things should be better in the next 9-12 months. the market are and to -- the markets are anticipating this. inflationergy price coming through. structural factors at some point will come back into play. we will need to see a bigger pickup in productivity growth. theof that together with fed, there is more inflation risk premium. good morning and happy new year. how do

murders for the miami herald, and crime reporters in miami before that, the archetype was janet reno's dad, henry reno, but tough fives living inside police stations and reporting from the inside and then you have edna who can't weigh 100 pounds soaking wet, tiny blonde and a big because of -- bouffant and she was clicking around the crime scenes and she is still living in 50 meters from where she was in 1980. so if you haven't met edna, go out and funded na. she is -- findded na. she fewer miami. >> an era in which journalists could trample over a crime scene if you were so inclined to get a closer look or engage in detective or face to face or march through the merchandise homicide bureau or detectives offices and in fact, the wonderful anecdote how they attempted to prevent her from matching into their office at any given time. >> that's right. the creation of the -- what they called the edna door. i don't -- edna will tell you she never actually opened deskses and files but the county and city -- the county more city were a little protective about that. doing their worth properly without edna

here in the uk, is the executive head teacher of prince henry's grammar school — a state school run by executive head teacherjanet sheriff. janet the united _ and it could be differences in the united states compared to what's happening in terms of the transmission within the community in the uk _ transmission within the community in the uk. , , the uk. the cdc is saying essentially _ the uk. the cdc is saying essentially that _ the uk. the cdc is saying essentially that there - the uk. the cdc is saying essentially that there is l the uk. the cdc is saying. essentially that there is no the uk. the cdc is saying - essentially that there is no reason why schools can't reopen but in your school do you have the room to socially distance, and have kids six feet apart, and the ability for everyone to wear masks? yes, right now all of our— everyone to wear masks? yes, right now all of our students _ everyone to wear masks? yes, right now all of our students that - everyone to wear masks? yes, right now all of our students that are - now all of our students that are with— now all of our students that are with us— now all of our studen