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
Workers. He said the democrats are still blaming america first. And washington and beijing hold talks on phase one trade deal with u. S. Saying both sides saw progress. This comes as chinas foreign minister arrives in europe today. 6 00 a. M. In london, 7 00 a. M. In paris, good morning to you. Have we reached the top . Have we hit the high . Were in a pecklative bubble. Morgan stanley said were hop hev top heavy, ann marie. And theyre worried about growth. Ann marie annmarie the sales force. Com entered that. His is a tech rally. John just hit the mat and said k is not ok. He said think of it like algator jaws, you could easily get bitten. Manus and the other side of the coin, do we get a woosh that turns into a v. Ill leave you with one of the quotes from the mar began stanley piece. I expect a growth. A growth scare. Followed by a rate scare in the next few weeks and month which is could give us the first tradeable correction in the major equity end cease. How are the end cease doin
Wall street watching washington today. Stocks set for a lower open. Google, the banker. The search giant reportedly planning to offer Checking Accounts next year and nikes amazon challenge, the sports wear retailer set to stop selling its clothes and shoes directly to the ecommerce giant. Wall streets going to pay close attention to events on capitol hilld chair powell will testify before the joint Economic Committee of congress and the nation will hear public testimony from house impeachment witnesses for the first time the inquiry surrounding the president s actions toward ukraine, for our purposes, jim, well see what powell says first as we expect him to say the economy is in a good place. Yesterday was a punitive moment with President Trump calling for negative rates and i think that a lot of what lets just call all of our watchers who are in the professional side of things, i think were unanimous in what was that about, thats off the reservation. I think jay powell is immune to it
Teacher or a veteran or someone who puts their life at risk every day that we might be free. Help us to find time to assist the families of military personnel and time to pray for the safety of their loved ones. Help us to find time to see the needs and the gifts and the worth of others. O lord, help us to find time to be your hands and your feet in a world that desperately needs love. In jesus name, amen. The speaker pro tempore thank you, pastor. The chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, thejournal stands approved. Pledge of allegiance will be led by the gentleman from New Hampshire, mr. Pappas. Papadopoulos mr. Pappas of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The speaker pro tempore under rule 20, the chair announces to the house that in light of the passing of the maryland, mr. Cummings, the whole numbe