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
Napa sonoma and solano counties, those are the areas that are in the purple most restrictive tier where there is widespread covid19 moran, San Francisco and San Mateo County are in the red substantial tier. Were not sure yet though if all the bay area counties are going to join together and insist enforce this curfew what we know about the curfew is that it will be in effect from 10 00pm until 05 00am and it will start this saturday and then end on december 21st. This is for all nonessential businesses and gatherings and all the effort to stop the spread of covid19 this is a limited stay at home order. Were expected to hear new information about this any minute now from the states Top Health Official. Its very similar in some ways to the stay at home order that was listed in march, but this will only be applying to nonessential businesses and gatherings between the hours of 10 00pm and 05 00am and only in the purple tier counties that are seeing the highest rates of positive cases of h
That could spark an ugly storm for investors in chinese stocks. Just back from asia, undersecretary of state for economic growth, keith crock, is here live to react. He will reveal the new weapon our government is using to counter chinas fastgrowing technological might. The deadliest day of the coronavirus pandemic, now at this hour has los angeles going into full lockdown mode. We are on the ground in l. A. As businesses shutter in realtime. From College Dropout to ceo, the youngest selfmade billionaire in the world with us live on the day his tech company goes public. Discussing the risks he took that triggered his laserlike rise to the top. First, we begin with a fox business alert. The tweet heard round the stock market with billions in Coronavirus Relief at stake. House speaker Nancy Pelosis deputy chief of staff just put out this tweet in the last hour and a half that used covid relief and as soon as possible in the same sentence. The tweet confirmed that the speaker and Senate L
Ama daetz. California set a single day record for diagnosed coronavirus cases with more than 13,000. The previous high in july. Were seeing the Positivity Rate spike. The 14day rate is 5. 2 . Thats an indicator of the spread of the virus. Another member of the trump family is infected. Donald trump junior tested positive and is quarantining in upstate new york. Rudy ghoiulianis son also test positive. He serves for trump. The citys Health Officer said today he expects the city to move into the restricti tivi purple tier as early as sunday. Abc 7 is committed to keeping you fully informed about the vaccine and when approved by the fda, it will be the most reliable way to beat this virus. We have assembled the abc 7 vaccine team. Dr. Patel, kate larson, andlars, to bring you the host complete cov most complete coverage and answer every question about the vaccine. Here. Reporter developmentdeve. Reporter developmentdeve. They have 40 million doses stockpiled. The fda said the Vaccine Advi