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
When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
The vaccine developed by Oxford University doesnt have to be stored at ultra cold temperatures as some others, which makes is easier to distribute. The subfreeze by pfizer and partner biontech is one downside. The fda says a committee will meet december 10th to discuss an emergency use authorization which could start the Distribution Process immediately. Moderna is expected to file for an emergency use authorization by the end of the month. Its vaccine is 95 effective and can be stored at regular refrigeration temperatures, developed thanks in part to funding from dolly parton. While the u. S. Military is gearing up for what it calls operation warp speed to distribute one or more vaccines once approved, others are scrambling at the local level to give the series of shots. Abc 7 david louie spoke with a logisti logisti logistics sker logistics expert. It was Pretty Amazing to see how fast the testing ramped up, but vaccinating millions of americans once supplies become available will be
Off your day, an historic launch for nasa and elon musks spacex after months of delay. It is monday, november 16th, and youre watching Worldwide Exchange right here on cnbc well, good morning, good afternoon, or good evening, and welcome from wherever in the world you may be watching. I am brian sullivan. Thank you very much for joining us and speaking of good mornings, a hearty congratulations to new masters champion Dustin Johnson for his recordbreaking performance at augusta, georgia, securing the green jacket, you know, just 20 under par. Wow. Much more on his big win in a moment but first, investors winning in the stock market lately as well and more may come today futures, they are up nicely again. Look at that higher across the board. Dow futures up 300, nearly 1 . Nasdaq futures up about half a percent or 63 points remember, the dow is now just 1. 5 off a record high the s p 500 coming off a record breaking session friday. The nasdaq just 2. 3 from its own record but its really