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
Capabilities in other markets is a clear benefit to creators and users in those markets essentially they believe the potential relationship with tic toc partnering. With microsoft is going to add quote key functionality and provide walmart with an important way to reach in serve customers as well as grow our 3rd market 3rd Party Marketplace an advertising business in short walmart is not a big brand especially among millennial is and this next generation of tech talk users that are out there right whatever you want to call them generation x. Whatever you want to call them but the young teenagers and young adults who used to talk are not big walmart shoppers theyre not big fans of walmart what they are big fans of right now is ecommerce giant amazon they are much more likely to purchase and to buy through amazon so by walmart jumping into tick tock what theyre doing is theyre essentially gathering up you know hundreds of millions of new users who in the past maybe didnt even like walmar
A statement the company said capital one periodical reviews accounts based on a variety of factors and may make changes to existing credit lines other credit card lenders may soon follow suit and this comes as lawmakers are still at a deadlock on a krone virus relief bill. A huge day on what is without question one of the biggest tech stories of the year well chinese social media optic talk appears ready to sell its north american operations will the announcement is expected within just the next few days and we know that the price will likely fall within the 20. 00 to 30000000000. 00 range well as we have reported the trumpet ministration has pushed talks owner Chinese Technology giant by dance to sell its american operations after targeting the over National Security concerns but who will be the new owner well thats a major question moving forward joining us now the cohost and investigative journalist but swan ben weve talked about this over. Never again we know that microsoft had any
This is boom bust the one business show you cant afford to miss im sorry mom to say ok in washington coming up japans longest serving Prime Minister announced his plans to resign on health and well the country continues to grapple with such a comic turmoil and nearly every organization in the us joint protest for Racial Justice but what does this mean for the multibillion. Have a lot to get to so much that started. The u. S. Commerce department reported americans increase their spending by 1. 9 percent in july extending the markets record breaking rallies well this is the 3rd straight month of consecutive gains for spending well this is the primary driver of the u. S. Economy this also comes weeks after the extra 600. 00 of Unemployment Benefits expired Commerce Department data also showed income rose by point 4 percent in july. Why after 2 months of declines meanwhile Credit Card Company capital one cut borrowing limits on credit cards while some customers had their limits were cut do