Future. That is a daming nonanswer. Israel vowing to retaliate after propelling the largest Missile Attack from iran. The president headed to the carolinas to see the Storms Destruction firsthand. And new York City mayor fighting Bribery And Fraud charges. Good morning, and thank you for joining us. It is 10 00 a. M. Eastern, 7 00 a. M. Pacific, im Ana Cabrera reporting from new york, alongside jose diazbalart. The 2024 campaign is entering the final sprint after the Vice President ial debate between democrat Tim Walz and republican j. D. Vance. The Running Mates may end up having the last word on the national Debate Stage, and its not only the only unusual aspect of Last Night, unlike the prior debates involving trump this cycle, this one was notable cordial. And the two rivals said they agreed with Each Other multiple times, Reminiscent Of A by gone political era. It wasnt all niceties. Its those that were closest to Donald Trump that understand how dangerous he is when the world is
As much as 5 Billion each day according tojpmorgan analysts. Us retailers, automakers and other businesses now face Ballooning Freight rates ahead of the crucial festive shopping season. Large retailers have pulled forward imports of much of their Holiday Merchandise and made reservations with west Coast Ocean and Rail Carriers in hopes of avoiding any disruption. Lets speak to peter sand, chief analyst at xeneta, an Ocean Freight analytics firm. Hello to you. I know you have already calculated what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential not only to lift Freight Rates higher due to the disruption from the strike, but certainly also to have wider implications, one or two months later down the road w
Also on the programme thInkIng outside the box. Why people with dyslexia could be best placed to unlock the potential of ai. And, back down to Earth. Astronauts from All Over The World gather In The Netherlands for their annual convention. But what will they be talkIng about . Well hear from one of them welcome to to busIness today, im ben thompson. We begIn In the us, where Port Workers across the East Coast are set to walk out on Strike Tomorrow and to global supply chaIns. The action announced on sunday by the Port Workers union could shut down 36 ports which handle half the goods imported Into the us via contaIner. AccordIng to analysts atjp morgan, the cost to the us economy could be 5 Billion a day. ShippIng rates are already soarIng ahead of the crucial festive shoppIng season. Mr president would you Intervene In a dock Workers Strike . Intervene In a dock Workers Strike . Intervene In a dock Workers Strike . Why Intervene In a dock Workers Strike . No. Why not . Intervene In a
Heavy equipment, agricultural products and pharmaceuticals. The ports account for more than half of container imports. Consumers are not likely to feel the effect right away and many businesses have tried to get ahead of this by stockpiling or diverting shipments to the West Coast and i spoke to the ceo of The Port of long beach and he said they had a record august but having said that, if the strikes go ahead and last for weeks, they could lead to shortages and high prices for consumers. Who; high prices for consumers. Why are we in high prices for consumers. Why are we in this high prices for consumers. Why are we in this position . The entire east Coast Port Infrastructure could be shut down by this . Why have the talks broken down . The dock Workers Union talks broken down . The dock Workers Union have talks broken down . The dock Workers Union have been talks broken down . The dock Workers Union have been in l Workers Union have been in talks with the us Maritime Alliance now four
That this indictment was coming and would be Unsealed Today. We expect him to take that podium any moment now, but im going to hand off to jose diazbalart, who picks up our breaking News Coverage right now. Good morning, 11 00 a. M. Eastern, 8 00 a. M. Pacific. All eyes are on new York City where mayor Eric Adams could speak at any moment. Just after Federal Prosecutors unsealed an indictment charging him with bribery, Wire Fraud, and many other charges. Federal prosecutors are scheduled to hold a News Conference later this hour as well. Were going to, of course, bring you all these remarks when they occur, but youre seeing there that dais has been set up right outside where were going to be hearing from the mayor of new York City any moment now. Adams is the first mayor in modern new York City history to be charged while in office. The indictment was unsealed hours after the Mayors Attorney said Fbi Agents went to the mayors residence, Gracy Mansion, to take the mayors phone. With us