A tsunami has struck California.
But the impact on the state’s economy is still being determined.
A tsunami struck in California on Saturday, destroying homes, destroying businesses and killing at least 20 people, authorities said.
The earthquake, the biggest in California in decades, is the strongest recorded in the state since 1953.
Officials said the earthquake shook buildings across the state, including some in downtown Los Angeles, and damaged roads and power lines.
The Los Angeles Times reports the quake, which came at 9:18 a.m., caused damage in the city of Los Angeles and more than $8 billion in property damage, with more than 40 percent of the buildings damaged.
A massive wave struck the coastal town of La Jolla on Saturday afternoon, damaging or knocking down about 50 homes and businesses, according to the Los Angeles County Fire Department.
About 1,000 residents of La Puente were evacuated and some were reported to be stuck in their cars for several hours as they tried to get home.
At least four people were killed and more died when the quake struck, according the Los Angles Times.
The Associated Press contributed to this report.