impact, the economy would lose 700,000 jobs, ppi would jump 4%, gdp would shrink by 1%, $160 billion would be pooled from the economy. a massive impact. what do you want congress to do, what can they do? what we need congress to do is act quickly, well in advance of the strike and ask them to pass bipartisan legislation, 60 votes for this in the center implement the terms of a deal the railroads and unions already agreed to. they made the agreement in september and our country cannot afford a shut down of the real network. this is an economic calamity waiting to happen and something that s completely preventable. we are asking congress to act quickly on a bipartisan basis to pass legislation to prevent this from happening. rachel: we thought this was resolved in september,
problems with the rail here as well, you have, as you said, structural problems that are going to have deep and lasting implications. so i interviewed someone from the chemical, the board for this chemical industry, and they are begging congress, they re begging the president to get involved and end this because of the implications. here we go. we need congress to act quickly, well in advance of a strike. and we d ask for them to pass bipartisan legislation. you re going to need 60 votes for this in the senate, to implement the terms of the deal that the railroads and the unions already agreed to. they made that agreement in september, and our country literally cannot afford a shutdown of the rail network. this is an economic calamity waiting to happen, and it s something that s completely preventable. that s why it s so important that a we have leadership from both the white house and from congress to move ahead. and so we really are looking to president biden to engage not only wit
september is on track to fall apart. as of this week, 4 of 12 rail unions voted to reject that deal meaning that a strike could take hold december 9th, crippling the already fragile supply chain right before the christmas holiday. with that could come 700,000 jobs lost, a 4% spike in inflation, a 1-point reduction in the gdp, overall a $is 60 160 billion economic drop according to the american chemistry council which has a real stake in this game. 33,000 train carloads of chemicals are ships a ships a shipped across the country. our country literally cannot afford a shutdown of the rail network. this is an economic calamity waiting to happen, so that s why it s so important we have leadership from both the white house and from congress to move ahead x. and so we really are looking to president biden to engage not only with the unions, the railroads, but also with
plans for or 2024. reporter: mr. president, how are your 2024 conversations going? not happening. we re celebrating. go to amazon, okay in. biden enjoys shopping off the coast of massachusetts, around the world thousands of amazon workers walking off the job citing low pay and poor working conditions. the protests come with a massive railroad strike potentially looming and a shutdown could be devastating for the economy, bryan, because trains move about a third of all goods in this country including toys and coal. here s the american chemistry council president and ceo. and our country literally cannot afford a shutdown of the rail network. this is an economic calamity waiting to happen, and it s something that is the completely preventable. reporter: if there is no deal, the railroad unions will go on strike on december 9th, that s just about two weeks
an economic calamity waiting is something completely preve preventable. if there s no deal it will go on strike december 9, 2 weeks before christmas. jon: thanks, lucas. holiday shoppers looking to snag deep discounts. not letting the highest inflation in decades keep them from crossing names off the holiday list. the avoid distracting the activity in new york city outside macy s. a busy night across the country, estimated 166 million people are shopping according to the national retail federation. some of them are coming from out of state, we cope spoke with a couple from tennessee and others