7 inches, morgan hill over 5 inches. Take a look at this. Our average monthly rain in january is 2. 5 to 10 inches. In two days we have seen nearly our entire january monthly rain. It is just astonishing, you guys. We have not seen more problems in the Santa Cruz Mountains with all of that water we had in a short amount of time. I dont want to jinx anything, but i have to say we are very lucky looking at all of that water we had in a short amount of time. Those are big numbers. Usually our storms in the bay area are north and south. This time its flipped on its head there. Thank you. The rain relentless there in the Santa Cruz Mountains. Communities from los gatos to bolder creek getting beat up these last 48 hours. Good news though. The mandatory evacuation orders in that czu fire burn downgrade. That means people can start coming home. Robert handa is in ben homan with the latest. What are you seeing . Reporter well, a couple of rough days of rain for our communities here in the Sant
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
Will try to use the system to shut you out yeah shut you out is exactly that was what we were seeing happening on thursday as you saw this whole you know monday through wednesday of last week as well like you know that stock just skyrocketing because theyre buying and buying and buying would just call the short sellers to be like oh my gosh i was broken with you know basically what was interesting with that is that thats when you know trading like robin hood t. D. Ameritrade Charles Schwab and others started restricting users from being able to actually buy game stop stock and other stocks that also were being looked at as short sells that the you know other groups driving up the price of what you see and things like that its pretty incredible robin who claim this was due to recent volatility in the market over listen to this submission. Of the week and many posters on wall street pointed out that quote one hedge fund suffering amid the game stop surge was Melvin Capital Management whi
Vaccine for use by all adults in the 27 country block the u. Has also agreed to control exports of that scenes from the blog arguing it needed to do so to ensure its own supply lines follows a growing dispute between the e. U. And the company about a supply shortage its a real pleasure to be here and to announce the carriage positive opinion for the authorize ation of the astra zeneca covert 19 vaccine this expand the range of Vaccines Available to you and a Member States which will all help to bring the pandemic under control and protect the citizens of the e. U. We now have 3 vaccines that have been developed and recommended for purple approval against a disease that we did not know one year ago. Drug from johnson and johnson is expected to apply for merges use authorization for its vaccine in the United States next week it says its single dose japp appears to be at least 66 percent effective in preventing cave 19 the dutch court of appeals has ruled that Oil Giant Shell must pay com
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