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
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
This is widely expected. This is the vaccine that was found to be 94. 5 effective in the primary analysis. There is discussion about possibly having some sort of meeting later in the month with the fda to make the approval. We heard from officials over the weekend that they are going to try to approve it in fast order. If you take a look at markets, not the response you would think, at least not much. Jonathan it has been the diminishing marginal rate of the additional vaccine news in this market that has diminished over the last several weeks. Equity futures down 0. 4 percent. Expectations are already so well anchored by the vaccine news weve had over the last several weeks. We are down 0. 4 on the s p 500. In the bond market, yields up by a basis point or two to 0. 85 on the 10 year. The news isnt this morning. It is the cumulative impact of the last several weeks and now it is shaped the forward outlook under a much better way compared to what we face right now in the here and now i
Is detected in the United States just as there are new predictions of a much higher potential death toll. Donald trump left the white house, but many republicans are refusing to leave him. We have the latest as some Party Members swear their loyalty to the former president. And the sub reddit page that has wall street in a spin. The latest on gamestops Crazy Ride On wall street. Live from cnn World Headquarters in atlanta, welcome to all of you watching here in the United States, canada and around the world. Im Kim Brunhuber. This is cnn newsroom. A new forecast warns that more contagious strains of the coronavirus could cause an additional 85,000 deaths in the u. S. By may. The first two cases of the variant first detected in south africa have now been confirmed in the u. S. Its already circulating in at least 30 other countries. Two americans who have it dont know each other and havent traveled abroad. Now this variant may make at least one potential new vaccine less effective. Drug