Christiane and ben next have a lot to get to so lets get started. Heres a headline that will surprise no one in 2020 the u. S. Economy had its worst performance in 74 years since the end of world war 2 it contracted 3. 5 percent now this was of course because of the coronavirus lockdowns and the impact of the worldwide pandemic so whats in store for 2021 especially in an economy that remains so uncertain joining me now to discuss this and more. On it chrystia i ben lets start with you can you give us a rundown of how the economy did or didnt perform in 2020. Yeah i mean as you said in the beginning here its really no surprise to anybody the economy did not do well contract at 3. 5 percent as you said the worst its done since 1946 so its been a long time since the economys contracted that much in a single year and that came off of the 2. 2 percent growth that we saw the year before in 1900 the bottom line here is this is basically every sector was down because of the coronavirus with th
This is a boom bust the one business show you cant afford to miss. In washington coming up u. S. G. D. P. Close out 2020 at its worst rate since 1046. 00 and shrank by 3. 5 percent and the game stop saga continues as robin hood and other Major Trading partners are stressed in trading as the battle between wall street and small investors continues well explain what this means for future trading with the us pros with christiane and ben next have a lot to get to so lets get started. Heres a headline that will surprise no one in 2020 the u. S. Economy had its worst performance in 74 years since the end of world war 2 it contracted 3. 5 percent now this was of course because of the coronavirus lockdowns and the impact of the worldwide pandemic so whats in store for 2021 especially in an economy that remains so uncertain joining me now to discuss this and more. On it chrystia i ben lets start with you can you give us a rundown of how the economy did or didnt perform in 2020. Yeah i mean as y
Catching even a little bit of sunshine later today. So, big changes ahead after a soaker of a storm with an Atmospheric River the last few days. The Atmospheric River well out of the area. You can see on hidef doppler lingering showers for us. You can see light shower activity over gilroy, 101 and up across the north bay from st. Helena and napa, vallejo and fairfield picking up light rain. Through the day, we are looking at partly sunny skies. So, a little sunshine. Highs in the low to mid50s this afternoon. As we time it out for you, taking you hour by hour, stopping the clock at lunchtime hour at noon, you can see sunshine through the day. Catching a bit of clearing as we head through the afternoon. We will talk about the weekend as we are tracking another weather system. I will show you the locations that have a better chance of wet weather coming up. Lets check in with gianna. Until it dries out you may be dealing with slick surfaces. There is flooding in some areas. The bay bridg
A big cornwells fought on the answers with some stacy in the root cause a report up next that neil harvey is on his way to be sure to bring the morning news updates next hour join us again that. Time max keiser this is the report i salim accessed a standard Telegram Group where there are 24 hours a day just talking to people. And me forwards arent spell. And do it this way weve got about 8000 in there now going to be blindly as party on planet earth so stacey remind me again whats happening in the world rides well the big news in the past week is at the end of last week a video was released of a conversation between the former bank of england had mark carney now interviewing people for the council on Foreign Relations so a very powerful organization in america and larry fink who is the c. E. O. Of blackrock the largest Asset Management firm in the world they have 7 trillion dollars under management so you know larry fink is like an untouchable right like hes probably more powerful than
Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury