The Welcome to the Real Vision Daily Briefing. I'm Jack Farley. It's Monday, May 11th. We have Ed and

Ash standing by. But first, we at Real Vision have been covering the global recession, the economic shutdown, and many other pivotal elements related to the ongoing pandemic.

And the question that's been on our mind is, what's next? What can we expect going forward? So over the following two weeks

we're embarking on a journey to dive deep to find the answer to this question. It's called

the global recession. What's next?

We've lined up some of the brightest and most legendary minds in finance.

Today, Realvision CEO Raal Pal launched this journey

with a fantastic expert view about how his unfolding thesis is playing out.

If you haven't seen it already, check it out.

Tomorrow is Rall and Kyle Bass.

Wednesday, Ed and Richard Kew.

Thursday, Brent Johnson and William White, and Friday, Rall and Howard Marks.

And that's just the first week.

Over the next two weeks, some of the best investors in the world are going to share with

you the risks and opportunities that they see on the horizon so that you can

protect and prepare yourself for what is to come.

Over the course of this campaign, we're asking the questions that matter and we're getting answers from the people that matter.

So this is not something that you're going to want to miss out on, so please stay tuned.

Before I kick it to Ash and Ed, here's something that we've been following closely.

We work is attracting the spotlight once again as they move to defer rent payments and renegotiate their leases.

Commercial mortgage-backed securities backed by We workearks rental payments have already plummeted,

with lower-rated tranches suffering the worst losses compared to their higher-rated brethren.

...