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
Spreading to major cities from those who dont. If they refuse to wear a face coasttocoast. Social media showdown. Mask, they dont get in my car. Twitter flags another post from President Trump. For today, sam brock, nbc, miami. That brings us to the ceo of uber good morning this time for citing violence. Just ahead what the president thank you for being with us. Tweeted that set off alarm bells good morning. Thanks for having me. On the heels of his move to the numbers are just crack down on the company. Glimmers of hope. New york city, the epicenter of the nations coronavirus outbreak announces its first jawdropping ridership down 80 in april. Step toward reopening. Youve called it a shock to the system washington, d. C. , beginning to ease restrictions today. But new areas of concern emerge. Do yououl or uber and Ride Sharing Services . We certainly do where cases have spiked, lifting i think uber essentially goes with the city. We are very much a local stayathome orders. Making hist
Around. What it means for both disney and its ceo, bob iger. Plus keybank seeing an opportunity in one beaten down sector. Why investors should, quote, close their eyes and just buy utilities. That is coming up. But first, lets dig a little deeper and further into todays market action. As you can see, its generally negative, but we did see a little bit of slight positivity at one part today and the dow industrials down 0. 1 and well off the session lows and the s p 500 4303. At one point we were up five points for the s p and down 25 roughly at the lows so you can see it is toward the upper end of the dra day trading range and the nasdaq composite the laggard down onethird of 1 and 13,383 for the composite trade. The unrest in the middle east is carrying through for many key parts of the market and a couple in particular are standing up to the upside, crude oil prices and possible supply concerns in the middle east and thats leading to upside moves for oil and Gas Companies like hallib
Tausche is with us as well as mark santoli. And big news with Prime Minister modi about to address a joint session of congress. And our own seema mody is with us. Paul ryan is introducing everybody in attendance, and we have not seen the Prime Minister take the stage yet, but we will bring you the highlights, and once they come. It is going to be Prime Minister making the case of why the companies in the u. S. Should do business in india, and india is a better place to do business than other emerging markets. This is a momentous time for the country, because it is currently the Fastest Growing momentous market in the world, but it is not the biggest, and china is. And india knows and prime m minister modi knows that in order to reach the target, it needs the help of u. S. Corporations as discussed at the u. S. India council event. Jeff bezos of amazon and the ceo of cisco as well expressing interest. John harwood joining us on set. It is fascinating to watch the political world catch u
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