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
Clean up the sand, its going to take hours look at this mess here is one big rig, heres a pickup truck in the middle heres another big rig that flipped over once again the 3 right lanes are closed. This is the spill thats a lot to clean up right so for those of you who are trying to get over to south 6 ad you can get by, but you will be delayed, im just recommending that you go ahead and hop off admission use mission to continue off to fremont darya and james, this is not what they meant when they said bring your own sand to the beach this is not what were talking you see that huge spill take hours to get this cleaned up and out of the way this is in fremont the adMission South a big mess want to look at dire that well thats all you a lapse thats thats not good and this is just one big rig. Thats of all we have at least 4 others that you can back and look at that theres a pickup truck in the middle another big rig on the right that left its going to be the is better than chickens. Beca
This week. Many center thickens are rejecting the white house proposal for a deal. There is regime change in the air. Economic policy that is edging out central bankers potentially. The focus on fiscal policy has been front and center in the fight against covid. This aid is important as Companies Like American Airlines , allstate, disney cut jobs. The shift in Economic Policy likely to be felt across developed and emergingmarket countries. This is going to have a worldwide report effect. Countries are getting more and ofe willing around the idea balanced budgets. Really two things going on at once. One is the explosion of deficit spending with respect to covid. ,retty much everywhere you look the last crisis as a share of gdp. The second aspect really is the idea of like a philosophical change. Even after the crisis, perhaps there needs to be less focus on Monetary Policy and more on the fiscal. Romaine it will be interesting to see if that handoff occurs here. You think about economic
A top military official tests positive for corona virus several others are now in quarantine. Shackled and imprisoned against their will dave reports thats revealed the shocking reality for thousands of people with Mental Health conditions and confirmation that are lakes in a valley walls poisoned by knopf a child and in his 1st interview since falling ill he once again points the finger at the kremlin. We begin the news hour in kurdistan a nation on edge after the resignation of the Prime Minister and widespread protests it follows sundays disputed parliamentary poll the countrys Election Commission has an old the early results from the vote and demonstrations of storm state buildings in the. Capital bishkek they were accusing the government of rigging the election in its favor protesters freed former president account by f. And other senior officials from jail but president sued by e. M. I. Because of has insisted he is still in control of the country stratford has more now from bish